香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不因本公告全部 或部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Virtual Mind Holding Company Limited 天機控股有限公司 有關標的公司之資料 （於開曼群島註冊成立之有限公司） （股份代號：1520） 自願公告 — 投資框架協議 本公告由天機控股有限公司（「 本公司 」，連同其附屬公司，統稱「 本 集 團」）董事（「董事」）會（「董事會」）自願刊發。 投資框架協議 董事會宣佈，於二零二四年十月二十九日，本公司與信橋資本集團有限公司 （ 「 標的公司 」 ） 訂 立 一 份 不具法律約束力 的 投資框架協議 （ 「 框架協 議」），據此，本公司將向標的公司投資 600 萬港元，認購標的公司新發行的優 先股股份(「投資事項」)。 於本公告日期，標的公司由本公司主席及執行董事梅唯一先生持有 40%股權。 除上文披露者外，就董事在做出一切合理查詢後所深知、盡悉及確信，標的公 司餘下的股權持有人及其最終實益擁有人獨立於本公司及其關連人士（定義見 香港 ...

Virtual Mind Holding Company Limited 天 機 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (Stock Code 股份代號：1520) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） NOTIFICATION LETTER 通知信函 1 November 2024 Dear Non-registered Shareholder(s) (Note 1), Virtual Mind Holding Company Limited (the "Company") – Notice of publication of Circular relating to Proposed Share Consolidation and Connected Transactions in relation to (1) Subscription of New Share Under Specific Mandate; and (2) Sale and Purchase of Sha ...

Virtual Mind Holding Company Limited 天 機 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (Stock Code 股份代號：1520) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） NOTIFICATION LETTER 通知信函 1 November 2024 Dear Registered Shareholder(s), Virtual Mind Holding Company Limited (the "Company") – Notice of publication of Circular relating to Proposed Share Consolidation and Connected Transitions in relation to (1) Subscription of New Share Under Specific Mandate; and (2) Sale and Purchase of Shares under Shar ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就本通告全部或任何部分內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 Virtual Mind Holding Company Limited 1520 股東特別大會通告 茲通告天機控股有限公司（「本公司」）謹訂於二零二四年十一月十八日（星期一）上午十一 時正假座香港九龍長沙灣青山道538號半島大廈25樓2511-15室舉行股東（「股東」）之股東 特別大會（「股東特別大會」），以考慮及酌情通過下列決議案（不論有否修訂）為本公司之 普通決議案： 普通決議案 - 1 - 1. 「動議，待及受限於(i)香港聯合交易所有限公司（「聯交所」）上市委員會授出合併股份 （定義見下文）上市及買賣之批准；及(ii)採取根據開曼群島法例及聯交所證券上市規 則規定須採取的各項行動以使股份合併（定義見下文）自本決議案獲通過日期後第二 個營業日（即該等股份於聯交所買賣之日期），或上文所述條件獲達成日期（以較後者 為準）生效： (a) 本公司股本中每四(4)股每股面值0.01港元之已發行及未發行現有普通 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下之天機控股有限公司（「本公司」）之股份，應立即將本通函連同代表委 任表格送交買主或承讓人或經手買賣或轉讓之銀行、持牌證券交易商或其他代理商，以便轉交買主 或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因依賴該等內容 而引致之任何損失承擔任何責任。 Virtual Mind Holding Company Limited 1520 建議股份合併及 有關(1)根據特別授權認購新股份；及 (2)根據股份轉讓事項特別授權買賣股份 之關連交易 及 股東特別大會通告 獨立董事委員會及獨立股東之獨立財務顧問 本封面頁所用詞彙與本通函所界定者具有相同涵義。 本公司謹訂於二零二四年十一月十八日（星期一）上午十一時正（或倘於當日上午九時至上午十一時 之間任何時間香港政府發出黑色暴雨警告訊號，或懸掛八號或以上颱風信號又或公佈「極端情況」或 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公告全部或任何部分 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 董事 會 建議 實 施股 份合 併 ， 基準為每 四(4)股 每股 面 值 0.01 港元 的 已發 行 及未 發 行現 有 股份 合併 為 一 (1)股 每股 面 值 0.04 港元 的 合 併股 份 。 Virtual Mind Holding Company Limited 於本公 告 日期，本公司 之 法 定 股 本 為 100,000,000 港 元 ， 分 為 10,000,000,000 股 每 股面 值 0.01 港 元的 現有 股 份， 其 中 2,501,965,820 股 現有 股 份已 發 行及 繳足 或 入賬 列 為繳 足。於 股份 合 併生 效後，並假 設 自本 公告 日 期起 直 至股 份合 併 生效 日 期止 已發 行 現有 股 份數 目將 無 變動，則 本 公司 之 法定 股 本將 為 100,000,000 港 元， 分 為 2,500,000,000 股 每股 面 ...

Financial Performance - For the six months ended June 30, 2024, the Group's revenue decreased by approximately 6.3% to approximately HK$29,930,000 compared to HK$31,932,000 in 2023[6]. - Gross profit for the same period was approximately HK$5,521,000, a decrease of 10.9% from HK$6,199,000 in 2023[6]. - The loss attributable to owners of the Company for the period was approximately HK$28,162,000, an increase of 32.5% from HK$21,251,000 in 2023[6]. - Total comprehensive income for the period was approximately HK$29,771,000, compared to HK$23,962,000 in 2023[10]. - Basic and diluted loss per share was HK$1.27, compared to HK$1.06 in 2023[10]. - The company reported a net loss for the period of HK$28,162,000, which is a significant impact on accumulated losses[13]. - The company reported a loss before tax of HK$28,403,000, which includes unallocated corporate expenses of HK$12,531,000 and finance costs of HK$3,315,000[24]. - The company reported a loss before tax of HK$21,324,000 for the six months ended June 30, 2024[32]. Revenue Breakdown - For the six months ended June 30, 2024, total revenue from external customers was HK$29,930,000, with the apparel segment contributing HK$23,122,000, money lending services HK$3,056,000, and trendy and cultural products HK$3,752,000[24]. - Revenue from apparel operation decreased by 12.5% to approximately HK$23,122,000, impacted by insufficient demand due to a slower-than-anticipated economic recovery in Mainland China[129]. - Revenue from money lending operation decreased by approximately 25.9% to approximately HK$3,056,000, down from HK$4,124,000 in 2023, due to a decrease in interest income[131]. - Revenue from IP application and products operation increased by 172.5% to approximately HK$3,752,000, compared to HK$1,377,000 in 2023[134]. Assets and Liabilities - As of June 30, 2024, total assets amounted to HK$197,518,000, an increase from HK$162,923,000 as of December 31, 2023, representing a growth of approximately 21.2%[11]. - Current liabilities increased significantly to HK$90,528,000 from HK$39,048,000, indicating a rise of approximately 132.5%[11]. - Net current assets decreased to HK$106,990,000 from HK$123,875,000, reflecting a decline of about 13.6%[11]. - The company reported a net cash used in operating activities of HK$50,031,000 for the six months ended June 30, 2024, compared to HK$29,041,000 in the same period of 2023, indicating a worsening cash flow situation[14]. - Cash and cash equivalents at the end of the period were HK$8,320,000, down from HK$24,340,000 in 2023, representing a decrease of approximately 65.8%[14]. - The company generated HK$43,793,000 from financing activities in the first half of 2024, a significant increase from HK$3,358,000 in the previous year[14]. - The company’s inventories increased to HK$23,732,000 from HK$8,435,000, indicating a substantial rise of approximately 180.5%[11]. - Total borrowings and lease liabilities as of June 30, 2024, were approximately HK$43,463,000, an increase from HK$32,908,000 as of December 31, 2023[170]. Expenses and Costs - Employee benefit expenses, including directors' emoluments and share-based compensation, decreased significantly to HK$12,918,000 from HK$23,753,000, a reduction of 45.6%[6]. - Selling and distribution expenses for the six months ended June 30, 2024, were approximately HK$1,533,000, a decrease of 12.0% from HK$1,743,000 in 2023, representing 5.1% of revenue[139]. - Administrative expenses decreased by approximately 33.6% to HK$22,023,000 for the six months ended June 30, 2024, down from HK$33,144,000 in 2023, primarily due to the absence of share-based compensation[140]. - Finance costs increased by 1.8% to approximately HK$3,315,000 for the six months ended June 30, 2024, compared to HK$3,257,000 in 2023[143]. Share Capital and Equity - Share capital increased to HK$24,953,000 as of June 30, 2024, up from HK$21,371,000 at the end of 2023, reflecting a growth of approximately 12.1%[12]. - Total equity rose to HK$155,494,000 from HK$148,712,000, marking an increase of about 4.9%[12]. - The issued share capital increased from HK$21,370,763.24 to HK$24,952,763.24, with a total of 358,200,000 shares issued and allotted during the six months ended June 30, 2024[155]. Corporate Governance and Compliance - The financial statements have been prepared in accordance with Hong Kong Accounting Standards 34 and include applicable disclosure requirements of the Hong Kong Companies Ordinance and Listing Rules[16]. - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which did not have a material impact on the interim financial statements[19]. - The Group did not pay or propose any dividends during the six months ended June 30, 2024, consistent with 2023[58]. - The Group does not face any material foreign currency exchange risk, as most transactions are denominated in Renminbi or Hong Kong dollars[178]. - The Company has complied with the Corporate Governance Code, except for the deviation regarding the separation of the roles of chairman and chief executive officer[197]. Strategic Developments - The company continues to focus on its core business segments while managing losses and exploring potential strategies for improvement[24]. - The Group launched new businesses to develop new revenue sources and explore new potential customers during the reporting period[134]. - The Company plans to acquire not less than 20% of the entire issued share capital in Tonwell Security Limited, which provides security services across various sectors[153]. - A letter of intent was signed for a possible lease of a site measuring approximately 22,000-30,000 square meters for organizing Guochao-themed civic events, pending government approval[150]. - The Company expects the possible lease to expand its IP application and product operations in the PRC, enhancing its income sources[151].

Financial Performance - For the six months ended June 30, 2024, the Group's revenue decreased by approximately 6.3% to approximately HK$29,930,000 compared to HK$31,932,000 in 2023[7]. - Gross profit for the same period was approximately HK$5,521,000, a decrease of 10.9% from HK$6,199,000 in 2023[7]. - The loss attributable to owners of the Company for the period was approximately HK$28,162,000, an increase of 32.5% from HK$21,251,000 in 2023, primarily due to provisions for expected credit loss on loans and interest receivables[7]. - The loss before income tax for the period was approximately HK$28,403,000, compared to HK$21,324,000 in 2023[10]. - Total comprehensive income for the six months ended June 30, 2024, was a loss of HK$29,771,000, compared to a loss of HK$23,962,000 in the same period of 2023[11]. - Basic and diluted loss per share for the period was HK$1.27, compared to HK$1.06 in the previous year, indicating a deterioration in earnings per share[11]. Segment Performance - Apparel operations recorded a gross profit of approximately HK$464,000, down from HK$1,836,000 in 2023[7]. - Money lending operations earned a gross profit of approximately HK$3,056,000, compared to HK$4,124,000 in 2023[7]. - IP application and products operations recorded a gross profit of approximately HK$2,001,000, up from HK$239,000 in 2023[7]. - The company reported a total segment loss of HK$12,700,000 for the six months ended June 30, 2024, compared to a loss of HK$7,915,000 in the money lending services segment, indicating a worsening performance[25]. Cash Flow and Liquidity - For the six months ended June 30, 2024, the company reported a net cash used in operating activities of HK$50,031,000, compared to HK$29,041,000 in the same period of 2023, representing an increase of 72.5%[15]. - Cash and cash equivalents at the end of the period decreased to HK$8,320,000 from HK$24,340,000 at the end of the same period in 2023, reflecting a decline of 65.8%[15]. - The company experienced a net decrease in cash and cash equivalents of HK$21,664,000 for the reporting period, compared to a decrease of HK$25,360,000 in the previous year, showing an improvement of 14.3%[15]. Assets and Liabilities - Current assets increased to HK$197,518,000 as of June 30, 2024, from HK$162,923,000 at the end of 2023, representing a growth of approximately 21.2%[12]. - Total liabilities as of June 30, 2024, were HK$91,931,000, including segment liabilities of HK$43,520,000[28]. - Non-current liabilities decreased significantly to HK$1,403,000 from HK$26,425,000, indicating a reduction of approximately 94.7%[13]. - The total trade payables increased to HK$24,404,000 as of June 30, 2024, from HK$7,743,000 as of December 31, 2023, showing a substantial increase of 215.5%[84]. Expenses - Administrative expenses decreased to approximately HK$22,023,000 from HK$33,144,000 in 2023[10]. - Selling and distribution expenses for the six months ended June 30, 2024, were approximately HK$1,533,000, a decrease of 12.0% from HK$1,743,000 in 2023, representing 5.1% of revenue[140]. - Finance costs increased by 1.8% to approximately HK$3,315,000 for the six months ended June 30, 2024, compared to HK$3,257,000 in 2023[144]. Share Capital and Financing - The total share capital increased to HK$24,953,000 as of June 30, 2024, from HK$21,371,000 at the end of 2023, indicating a growth of 16.1%[94]. - The total outstanding shares increased to 2,495,276,324 as of June 30, 2024, from 2,137,076,324 at the end of 2023, an increase of 16.8%[94]. - The Company issued 28,200,000 new ordinary shares at HK$0.126 per share on March 4, 2024, and 330,000,000 shares at HK$0.1 per share on May 30, 2024[95]. Corporate Governance and Compliance - The Audit Committee reviewed the unaudited interim condensed consolidated financial information for the six months ended June 30, 2024[194]. - The Company complied with the Corporate Governance Code during the reporting period, with a noted deviation regarding the separation of the roles of chairman and chief executive officer[195].

Financial Performance - The company's revenue decreased by 26.0% to approximately HK$66,328,000 in 2023, down from HK$89,620,000 in 2022[5] - Gross profit for 2023 was HK$11,233,000, compared to HK$14,060,000 in 2022[26] - The loss before income tax was HK$94,639,000 in 2023, an increase from a loss of HK$58,403,000 in 2022[26] - Revenue from the apparel operation decreased by 24.0% to approximately HK$56,488,000 for the year ended 31 December 2023, accounting for 85.2% of the Group's total revenue[30] - Revenue from the money lending operation decreased to approximately HK$8,199,000 for the year ended 31 December 2023, representing a decrease of approximately 39.9% and accounting for 12.4% of the Group's total revenue[33] - Revenue from IP application and products operation decreased slightly by approximately 0.7% to approximately HK$1,641,000 for the year ended 31 December 2023, accounting for 2.4% of the Group's total revenue[33] - The Group incurred losses of approximately HK$447,000 in other gains and losses for the year ended 31 December 2023, a significant decrease from gains of HK$66,221,000 in 2022[87] - The Group recognized a net fair value loss on financial assets at fair value through profit or loss of approximately HK$1,895,000 in 2023, down from HK$10,111,000 in 2022[87] - The Group incurred an impairment loss on goodwill of approximately HK$13,000,000 for the year ended 31 December 2023, compared to HK$34,632,000 in 2022[87] - The Group's total staff costs for the year ended December 31, 2023, were approximately HK$42,816,000, down from approximately HK$50,719,000 in 2022[101] - The Group's total borrowings and lease liabilities amounted to approximately HK$32,908,000 as of December 31, 2023, up from HK$31,457,000 in 2022[100] Economic Environment - The company faced a challenging economic environment in 2023, continuing from a stagnant 2022[20] - The economic recovery of Mainland China in 2023 was moderate, influenced by sluggish external demand and concerns over the economic outlook[29] - The global economic outlook for 2024 is expected to remain challenging, with high inflation and interest rates continuing to impact economic growth[33] - The economic environment in Hong Kong for 2023 faced pressure due to changes in local consumption patterns and a weak financial and property market, impacting growth[58] - The overall economic environment in Mainland China has been challenging, impacting consumer spending and demand for apparel products[112] - The company anticipates a recovery in 2024 alongside economic growth in Mainland China and Hong Kong[64] Corporate Governance and Management - Mr. Li Yang has over 20 years of experience in investment activities and business management, holding directorships in several companies listed on the Hong Kong Stock Exchange[36] - Mr. Chan Ming Leung Terence has over 13 years of experience in the IT industry, particularly in sales and marketing, having worked at Tencent[40] - Mr. Wong Wai Kai Richard holds a dual degree in International Relations and Economics from Brown University, completed in 2020[46] - Mr. Tang Shu Pui Simon is the chairman of the Remuneration Committee and has extensive legal experience, being a partner at a law firm with over 70 years of service in Hong Kong[47] - The Company is focused on expanding its market presence and enhancing its corporate governance through experienced directors[38] - The Company aims to leverage the expertise of its directors to drive strategic initiatives and improve operational efficiency[39] - The management team includes individuals with diverse backgrounds in healthcare, IT, and legal sectors, enhancing the Company's strategic capabilities[40][44] - The Company is committed to maintaining high standards of corporate governance and compliance with regulatory requirements[47] - The appointment of new directors reflects the Company's strategy to strengthen its leadership and adapt to market changes[39] Operational Changes and Strategies - The company plans to transform its apparel focus from women's apparel to sports and leisure apparel, targeting the young market[35] - The company will gradually scale down its money lending business due to a difficult business environment[35] - The gaming industry is expected to maintain innovation and healthy development, supported by various measures from regulators in Mainland China[35] - The company aims to explore more business opportunities with renowned gaming platforms to boost the trendy cultural product industry[35] Financial Position and Ratios - Total assets decreased to HK$214,185,000 in 2023 from HK$288,373,000 in 2022[18] - Shareholders' equity fell to HK$148,113,000 in 2023, down from HK$208,432,000 in 2022[18] - The current ratio for 2023 was 4.17, slightly down from 4.42 in 2022[18] - The return on equity for 2023 was (63.3%), worsening from (31.6%) in 2022[18] - Inventory turnover days increased to 56 days in 2023, compared to 32 days in 2022[18] - Trade receivables turnover days rose to 174 days in 2023, up from 159 days in 2022[18] - The gearing ratio increased to approximately 22.1% as of December 31, 2023, from 15.0% in 2022[153] - The Group's receivables (net of impairment) were approximately HK$44,560,000 as of December 31, 2023, down from HK$98,163,000 in 2022[152] Shareholder Information - As of December 31, 2023, the company had 2,137,076,324 shares issued[1] - Value Convergence Holdings Limited owned 155,334,000 shares, including 66,844,919 underlying shares from convertible instruments[3] - Anli Investment Fund SPC-Anli Greater China Opportunity Fund held 193,590,887 shares[4] - Mr. Zeng Ge is the beneficial owner of 100% shareholding in Dreamtoys Ltd., which owns 114,000,000 shares[5] Other Financial Information - The Group recognized a net fair value loss on financial assets at fair value through profit or loss of approximately HK$8,760,000 in 2023, compared to HK$10,111,000 in 2022[96] - The Group will continue to adopt a conservative investment approach in its trading of listed securities in the Hong Kong stock market[97] - The Group plans to use HK$9.1 million of the net proceeds for repayment of outstanding liabilities and the remaining HK$1.8 million for general working capital[160] - The Board of Directors did not recommend any payment of a final dividend for the year ending December 31, 2023[162]

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately HKD 66,328,000, a decrease of about 26.0% compared to HKD 89,620,000 in 2022[22] - The loss attributable to the company's owners for the year ended December 31, 2023, was approximately HKD 93,749,000, an increase of about 42.3% from HKD 65,895,000 in 2022[22] - The basic loss per share for the year ended December 31, 2023, was approximately HKD 4.78, compared to HKD 3.57 in 2022[22] - Gross profit for the same period was HKD 11,233,000, down from HKD 14,060,000, reflecting a decline in profitability[23] - The company reported a loss before tax of HKD 94,639,000, compared to a loss of HKD 58,403,000 in the previous year, indicating a worsening financial performance[23] - The total comprehensive loss for the year was HKD 96,061,000, compared to HKD 68,233,000 in 2022, representing a significant increase in losses[23] - The company reported a net loss of approximately HKD 93,749,000 for the year ended December 31, 2023, compared to a net loss of HKD 65,895,000 in 2022, indicating an increase in losses[96] Assets and Liabilities - The total non-current assets amounted to HKD 51,262,000 in 2023, compared to HKD 50,322,000 in 2022[7] - The company's total assets less current liabilities were HKD 175,137,000 in 2023, down from HKD 234,516,000 in 2022[7] - The company's net assets attributable to owners decreased to HKD 148,113,000 in 2023 from HKD 208,432,000 in 2022[8] - The company's equity totalled HKD 148,712,000, down from HKD 209,300,000, indicating a decline in shareholder value[28] - The total assets of the company as of December 31, 2023, were 214,185 thousand HKD, compared to 288,373 thousand HKD in 2022, indicating a decrease of approximately 25.7%[67] - The company’s total liabilities as of December 31, 2023, were 65,473 thousand HKD, down from 79,073 thousand HKD in 2022, reflecting a decrease of approximately 17.2%[67] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to HKD 31,243,000 in 2023 from HKD 52,012,000 in 2022[7] - The current ratio as of December 31, 2023, was approximately 4.17, down from 4.42 in 2022[190] - The debt-to-equity ratio as of December 31, 2023, was approximately 22.1%, an increase from 15.0% in 2022[191] Revenue Breakdown - Revenue from external customers for the year ended December 31, 2023, was 89,620 thousand HKD, a decrease from 66,328 thousand HKD in 2022, representing a decline of approximately 33.8%[67] - The apparel business revenue declined by 24.0% to HKD 56,488,000 for the year ended December 31, 2023, accounting for 84.6% of total revenue[133] - The loan financing business revenue decreased by approximately 39.9% to about HKD 8,199,000 for the year ended December 31, 2023, representing 12.4% of total revenue[134] - Total revenue from customer contracts for the year ended December 31, 2023, was HKD 58,129,000, a decrease of 23.5% from HKD 75,989,000 in 2022[75] Expenses and Cost Management - Administrative expenses decreased to HKD 67,263,000 from HKD 76,290,000, showing some cost control efforts[23] - Employee benefits expenses were 24,132 thousand HKD in 2023, down from 41,826 thousand HKD in 2022, reflecting a decrease of approximately 42.5%[1] - Financing costs rose to HKD 6,318,000 from HKD 3,991,000, reflecting increased borrowing costs[23] - Sales and distribution expenses increased by 62.6% to approximately HKD 3,033,000 in 2023, up from HKD 1,865,000 in 2022[179] Impairments and Provisions - The company recognized an impairment of goodwill amounting to HKD 13,000,000, a reduction from HKD 34,632,000 in the prior year[23] - Trade receivables expected credit loss provisions increased to HKD 1,205,000 from HKD 550,000, indicating rising credit risk[23] - The expected credit loss provision for trade receivables increased by approximately 119.1% to HKD 1,205,000 for the year ended December 31, 2023, compared to HKD 550,000 in 2022[122] - The expected credit loss provision for loans and interest decreased by 31.6% to approximately HKD 14,496,000 for the year ended December 31, 2023, down from HKD 21,196,000 in 2022[123] Shareholder Actions - The company did not recommend the payment of any final dividend for the year ended December 31, 2023[22] - The company did not declare any interim or final dividends for the years ended December 31, 2023, and 2022[80] - The company plans to repurchase and cancel 60,000,000 shares due to the anticipated failure of Dreamtoys Inc. to achieve guaranteed profits for 2023[125] Other Notable Events - The company completed the acquisition of Dreamtoys Inc. for a total consideration including HKD 4,400,000 in promissory notes and 180,000,000 shares[177] - The company raised approximately HKD 10,900,000 from the placement of 110,862,000 shares at a price of HKD 0.10 per share[171] - There were no significant acquisitions or disposals of subsidiaries and associates during the year ended December 31, 2023[195] - The company had no specific major investment plans or capital assets as of December 31, 2023, consistent with 2022[198]