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，並明確表示概不就因本公告全部或 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。 茲提述新火科技控股有限公司（「本公司」）日期為二零二四年十二月十二日有關正 面盈利預告的公告（「該公告」）。除另行界定外，本公告所用詞彙與該公告所界定 者具有相同涵義。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 澄清公告 董 事 會 謹 此澄 清 ， 出 於 無 心 之 失 ，該 公 告 的 標 題 應 為「 截 至 二 零 二四 年 九 月 三 十 日止十二個月正面盈利預告」，而非「截至二零二四年九月三十日止六個月正面盈 利預告」。 除上述澄清外，該公告內載列的所有資料均維持不變。 承董事會命 新火科技控股有限公司 執行董事 杜均 香港，二零二四年十二月十二日 於本公告日期，董事會成員包括(1)非執行董事 ...

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，並明確表示概不就因本公告全部或 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。 – 1 – 本公告所載資料僅為董事會根據本集團未經審核綜合管理賬目作出的初步評估， 而該等未經審核綜合管理賬目未經本公司核數師審閱、確認或審核。本公司仍在 落實本集團截至二零二四年九月三十日止年度的全年業績，故最終業績可能與本 公告所載資料不同。本集團截至二零二四年九月三十日止年度的經審核全年業績 預期於二零二四年十二月十六日公佈。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 截至二零二四年九月三十日止六個月 正面盈利預告 本公告乃由新火科技控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」） 根據香港聯合交易所有限公司證券上市規則第13.09 ( ...

新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 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，並明確表示概不就因本公告全部或 任何部份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。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 香港，二零二四年十二月十二日 於本公告日期，董事會成員包括(1)非執行董事李林先生（ 主席）；(2)執行董事杜均 先生（ 行政總裁）及張麗女士；及(3)獨立非執行董事余俊傑先生、葉偉明先生及林 家禮先生BBS JP。 承董事會命 新火科技控股有限公司 執行董事 杜均 授權代表變動 新火科技控股有限公司（「本公司」）董事會（「董事會」）宣佈，周海功先生因個人工 作安排而根據香港聯合交易所有限公司證券上市規則第3.05條呈辭本公司授權代 表（「授權代表」），自二零二四年十二月十二日起生效。 董事會進一步宣佈，本公司董事杜均先生已獲委任為授權代表，自二零二四年十 二月十二 ...

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，並明確表示概不就因本公告全部或 任何部份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。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） 新火科技控股有限公司 執行董事 杜均 （股份代號：1611） 香港，二零二四年十二月四日 於本公告日期，董事會成員包括(1)非執行董事李林先生（ 主席）；(2)執行董事杜均 先 生（ 行 政 總 裁 ）及 張 麗 女 士 ； 及 (3) 獨 立 非 執 行 董 事 余 俊 傑 先 生 、 葉 偉 明 先 生 及 林家禮博士BBS JP。 董事會會議通知 新火科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈將於二零 二四年十二月十六日（ 星期一）舉行董事會會議，以（ 其中包括）審議及批准本公司 及其附屬公司截至二零二四年九月三十日止年度的年度業績及其公佈，並考慮宣 派末 ...

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，並明確表示概不就因本公告全部或 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。 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 進一步延遲寄發有關 (1)涉及根據特別授權發行代價股份的 非常重大收購及關連交易 (2)建議更新購股權計劃項下的計劃授權限額 (3)建議增加法定股本 及 (4)建議修訂組織章程大綱及細則的通函 茲提述新火科技控股有限公司（「本公司」）日期為二零二四年八月十六日、二零二 四 年 九 月 六日 、 二 零 二 四 年 九 月 二十 四 日 及 二 零 二 四 年十 月 二 十 二 日 有 關（ 其 中 包括 ）建議收 購事項 的公 告（ 統稱「該 等公告」）。除另 行界 定外 ， 本公告 所用 詞彙 與該等公告所界定者具有相同涵義。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 – 1 – 承董事會命 新火科技控股 ...

Product Development and Innovation - In the first half of 2024, Sinohope Technology launched a BTC Layer 2 custodial product, serving over ten BTC L2 companies[12] - The company published two papers on MPC custodial core technology in IEEE Xplore and obtained patent authorization[12] - Sinohope's new one-stop Web3 product construction solution was launched in November 2023, providing comprehensive blockchain technology support for developers[15] - The company plans to focus on innovative development of one-stop product solutions and deepen compliance asset management business in 2024[16] - New Huo Technology plans to integrate a one-stop product solution for virtual asset custody and trading, enhancing operational efficiency and customer experience[28] Strategic Partnerships and Market Positioning - Sinohope signed strategic cooperation MOU with Bosera International and Jia Shi International to promote the development of virtual asset spot ETFs in Hong Kong[14] - The company is committed to establishing a leading position in the Web3 financial technology service industry in the Asia-Pacific region and globally[16] - Sinohope will continue to strengthen innovative cooperation with virtual asset ETF issuers in Hong Kong for a standardized and secure investment experience[17] - New Huo Technology aims to leverage its regulatory advantages in Hong Kong to provide differentiated quality products and services in the virtual asset and fintech sectors[36] Financial Performance and Revenue - The group reported a profit of HKD 101,167 thousand for the six months ending March 31, 2024, compared to a loss of HKD 232,359 thousand in the same period of 2023[50] - Total revenue for the six months ended March 31, 2024, was HKD 655,608,000, a decrease of 72.6% compared to HKD 2,397,095,000 for the same period in 2023[112] - Cryptocurrency trading revenue for the same period was HKD 620,989,000, down 74.0% from HKD 2,384,836,000 in the previous year[112] - The company reported a loss of HKD 1,216,000 from the sale of subsidiaries and a fair value loss on financial assets of HKD 158,000 for the six months ended March 31, 2024[113] - The company reported a significant decrease in impairment losses on other assets, with a provision of HKD (78,810) thousand compared to a gain of HKD 99,410 thousand in the previous year[55] Asset Management and Investments - As of the end of Q2 2024, New Huo Asset Management has launched 8 funds with total AUM exceeding $70 million[24] - The fund aims to invest in the cryptocurrency mining ecosystem, including acquiring interests in companies engaged in cryptocurrency mining activities[47] - The company has made investments in various funds, including a 50% stake in New World Pioneer Mining Fund No. 1, with a performance of HKD 5.1 million[57] - The company is actively seeking potential buyers for its FTX claims due to the ongoing bankruptcy proceedings of FTX[198] Financial Health and Risk Management - The company's total liabilities decreased significantly, with current liabilities at HKD 13,628 thousand compared to HKD 424,630 thousand in the previous period[62] - The net asset value increased to HKD 317,032 thousand from HKD 213,776 thousand, reflecting improved financial health[62] - The company aims to ensure sufficient liquidity to meet its financial obligations, primarily using cash to cover short-term needs[120] - The group has identified various financial risks, including market risk, credit risk, liquidity risk, and risks associated with the virtual asset ecosystem[88] - The company’s credit risk related to trade receivables and other receivables has significantly decreased due to close monitoring of overdue debts[76] Operational Efficiency and Cost Management - Operating cash flow from continuing operations for the six months ended March 31, 2024, was HKD 99,266 thousand, a significant improvement from a loss of HKD 219,898 thousand in the same period last year[55] - Employee benefits expenses, including director remuneration, decreased to HKD 33,871,000 from HKD 62,155,000 year-on-year[171] - The company incurred financing costs of HKD 2,576,000, down from HKD 8,130,000 in the previous year[171] - The company reported a depreciation expense of HKD 279,000 for property, plant, and equipment, down from HKD 4,537,000 in the previous year[171] Regulatory and Compliance Environment - The approval of Bitcoin and Ethereum spot ETFs by regulatory bodies is expected to enhance the compliance and investability of virtual assets[11] - The Hong Kong government has taken multiple initiatives to promote digital assets, including the issuance of blockchain-based tokenized green bonds[27] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance and position[75] Credit and Trade Receivables - As of March 31, 2024, the expected credit loss rate for trade receivables is 0.06% for non-overdue and non-impaired items, 0.37%-1.21% for overdue items between 0 to 60 days, and 6.55% for items overdue by more than 60 days[100] - The group has determined that the expected credit loss for trade receivables is minimal, with no provisions made for the period[100] - The total trade receivables as of March 31, 2024, amounted to HKD 16,559,000, a significant increase from HKD 4,490,000 as of September 30, 2023[200]

Financial Performance - Revenue for the six months ended March 31, 2024, was HKD 655,608 thousand, a decrease of 72.6% compared to HKD 2,397,095 thousand in the same period of 2023[3] - Gross profit for the period was HKD 32,141 thousand, compared to a loss of HKD 14,388 thousand in the previous year, representing a 323.4% increase[3] - The net cash position improved to HKD 44,853 thousand from a negative HKD 147,044 thousand, marking a 130.5% increase[3] - Total equity increased by 48.3% to HKD 317,032 thousand from HKD 213,776 thousand year-over-year[3] - Basic and diluted earnings per share from continuing operations was HKD 21.42, a significant improvement from a loss of HKD 73.74 in the previous year[3] - The company reported a pre-tax profit from continuing operations attributable to owners of HKD 99,266 thousand, compared to a loss of HKD 219,898 thousand in the same period last year, reflecting a 145.1% increase[3] - Total comprehensive income for the period was HKD 100,769 thousand, compared to a loss of HKD 225,239 thousand in the previous year[9] - The company reported a profit from continuing operations of HKD 101,167,000 for the six months ended March 31, 2024, compared to a loss of HKD 218,675,000 in the previous year[22] - The company recorded a net profit of approximately HKD 101.2 million for the 2024 period, compared to a net loss of approximately HKD 232.4 million in 2023[157] - The company's profit before tax for 2024 was approximately HKD 99.3 million, a significant recovery from a loss of approximately HKD 219.9 million in 2023[189] - The net profit after tax for 2024 was approximately HKD 101.2 million, compared to a loss of approximately HKD 218.7 million in 2023[191] Revenue Sources - Revenue from cryptocurrency trading for the six months ended March 31, 2024, was HKD 620,989,000, a decrease of 74.0% compared to HKD 2,384,836,000 in the same period of 2023[22] - Revenue from the technology solutions business decreased to approximately HKD 2.9 million in 2024, down from HKD 7.1 million in 2023, primarily due to the sale of Win Techno Inc. in November 2022[128] - Cryptocurrency trading business revenue was approximately HKD 621.0 million, with a gross profit of about HKD 7.7 million, compared to a gross loss of approximately HKD 14.8 million in 2023[135] - Revenue from virtual asset lending and trading activities amounted to approximately HKD 0.7 million in 2024[185] - The company generated approximately HKD 17.2 million and HKD 0.8 million in asset management and consulting services, respectively, during the 2024 period[131] Cost Management - Administrative expenses decreased to HKD 54,093,000 from HKD 105,796,000 year-on-year, reflecting a reduction of 48.9%[22] - The company’s financing costs decreased to HKD 4,679,000 from HKD 8,130,000, indicating a reduction of 42.5%[43] - Other losses decreased from approximately HKD 4.0 million in 2023 to about HKD 0.2 million in 2024, primarily due to reduced losses from the sale of subsidiaries[138] - Cash used in operating activities for 2024 was approximately HKD 52.3 million, a decrease from approximately HKD 164.1 million in 2023 due to cost management measures[195] - Total employee costs for the 2024 period amounted to approximately 33.9 million HKD, a decrease from 62.2 million HKD in the previous period[181] Asset Management - The company recognized a fair value gain on cryptocurrency of HKD 42,165,000, significantly up from HKD 8,213,000 in the same period last year[22] - The group recognized a reversal of impairment loss amounting to HKD 78,810,000 for the six months ended March 31, 2024, compared to an impairment provision of HKD 99,410,000 for the same period in 2023[107] - The company recognized an impairment loss of approximately HKD 85,897,000 related to FTX deposits, representing about 60.6% of the original amount[153] - The group has a net value of other assets of HKD 134,661,000 as of March 31, 2024, compared to HKD 55,851,000 as of September 30, 2023[103] Business Operations - The company continues to focus on providing technology solutions and services in the virtual asset ecosystem, including asset management and cryptocurrency trading[14] - The company has terminated its contract manufacturing business after selling its stake in Pindong Group, reclassifying it as discontinued operations[58] - The company’s operations are primarily located in the People's Republic of China, including Hong Kong, with revenue based on customer location or cryptocurrency trading location[60] - The company has no loss provisions recognized in the profit and loss statement as of March 31, 2024, indicating stable credit risk since initial recognition[80] - The company plans to apply new and revised Hong Kong Financial Reporting Standards upon their effective date, which may impact future financial reporting[56] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[4] - The company continues to explore new technology solutions and services in the cryptocurrency ecosystem, aiming for market expansion and innovation[39] - In 2024, the company will focus on the innovative development of one-stop product solutions, comprehensive deepening of compliant asset management, and diversified development of blockchain ecology[183] Shareholder Information - The group has issued 465,960,665 shares as of March 31, 2024, following a special resolution to issue 157,000,000 new ordinary shares at a subscription price of HKD 2.08 per share[112] - The company issued 157,000,000 new ordinary shares at a subscription price of HKD 2.08 per share, raising a total of approximately HKD 155.4 million[141] Miscellaneous - The company changed its stock abbreviation from "NEW HUO TECH" to "SINOHOPE TECH" effective October 16, 2023[117] - The group has entered into an agreement to sell FTX claims for USD 19,500,088.87, equivalent to approximately HKD 152,219,643.73, as of May 24, 2024[83] - The group is actively seeking potential buyers for the FTX claims due to the ongoing bankruptcy proceedings of FTX[106] - The company launched Wallet as a Service (WaaS) for Web3 developers, enabling institutions to build and manage enterprise-level wallets securely and quickly, serving millions of users[184]

财联社2月15日电（编辑 胡家荣）受益于比特币大涨，港股数字货币概念股应声走强。截至发稿，新火科技控股(01611.HK)、OSL集团(00863.HK)分别上涨14.96%、12.02%。 首先来看一下，比特币的走势。该品种一度向上触及52000美元/枚，日内涨5.01%。根据CoinGecko的数据显示，比特币今年迄今22%的涨幅使其市值自2021年12月以来首次突破1万亿美元。 截至发稿，比特币上涨4.87%，报51857.7美元。 注：比特币的走势 对于比特币价格的上涨可能与近期获批并在交易所上市的比特币现货ETF有关。这些ETF由多家机构发行，包括Grayscale、Bitwise、Hashdex、iShares、Valkyrie、Ark 21Shares、Invesco Galaxy、VanEck、WisdomTree、Fidelity和Franklin等。特别是iShares，作为全球资产管理巨头贝莱德的一部分，其发行的比特币ETF（IBIT）受到了广泛关注。 根据BitMEX Research的数据，贝莱德的比特币ETF（IBIT）在所有比特币ETF中表现突出，在过去7个工作日内实现了1.37 ...

Digital Asset Custody and Web 3.0 Initiatives - SINOHOPE changed its English brand name to SINOHOPE, focusing on digital asset custody business to help enterprises securely and conveniently use digital assets[5] - The company launched the "Hong Kong VASP License Guardian Program" to assist institutions in applying for Hong Kong VASP licenses, providing IT infrastructure and compliance consulting services[13] - SINOHOPE is optimistic about Hong Kong's development prospects in virtual assets, fintech, and Web 3.0, and is committed to advancing compliant virtual asset services and technology[16][19] - The company believes that the future of Web 3.0 in Hong Kong can enhance liquidity, attract global investment, and drive financial technology transformation through blockchain innovation[19] - The company's MPC self-custody business has established strategic partnerships with over 50 leading industry players, including HashKey Exchange, Canaan Technology (NASDAQ: CAN), and CertiK[39] - The company launched a new WaaS (Wallet-as-a-Service) offering as part of its MPC self-custody business, enabling institutions to securely and rapidly build and integrate MPC enterprise-grade wallets to serve millions of users[39] - Hong Kong established the Web 3.0 Association in April and launched the Web3 Hub Ecosystem Fund, signaling strong support for Web 3.0 development[42] - Hong Kong introduced a new licensing regime for virtual asset service providers (VASP) in June, further advancing its Web 3.0 initiatives[42] - The company launched a one-stop Web3 product building solution for developers, offering full-stack blockchain technology and infrastructure support, including L1 public chain design, L2 OP/ZK expansion, DeFi/NFT/GameFi applications, and MPC/AA wallet services[68] Financial Transactions and Asset Management - Hbit Limited, a wholly-owned subsidiary, had approximately $18.1 million worth of cryptocurrency deposited on FTX, including $13.2 million in client assets and $4.9 million in proprietary assets, which may be unrecoverable due to FTX's bankruptcy filing on November 11, 2022[22] - The company completed the sale of its stake in Animoca Brands Corporation Limited in April 2023, and no longer holds any interest in the company[26] - The company entered into a conditional sale agreement with New Wave Capital Limited on March 24, 2023, to sell six target companies for a total consideration of HKD 115,000,308[26] - New Huo Technology launched a 100% virtual asset investment fund in collaboration with LD Capital US in May, managed by New Huo Asset Management (Hong Kong) Limited[40] - New Huo Asset Management signed a technical consulting agreement with Gaosheng Limited, a subsidiary of Bingo Group, in July to establish a fund focused on intellectual property commercialization[40] - New Huo Technology partnered with Alpha Blockchain Capital in October to launch the Alpha Blockchain SP1, a 100% virtual asset investment fund[40] - New Huo Investment Limited sold 100% of Win Techno Inc.'s issued share capital for $3.27 million (approximately HK$25.5 million) in November 2022[46] - The company received a $14 million interest-free shareholder loan from its controlling shareholder, Mr. Li Lin, to address liabilities arising from the FTX incident[47] - As of September 30, 2023, the company had drawn approximately $13.2 million (approximately HK$103.6 million) in Tether from the shareholder loan[48] - The company sold its entire equity interest in Animoca Brands Corporation Limited for $809,000 (approximately HK$6.31 million) in March 2023[49] - New Huo Asset Management (Hong Kong) Limited entered into a technical advisory services agreement with Gaosheng Limited to establish a limited partnership fund aimed at investing in the commercialization of intellectual property involving various products[53] - The company sold 100% of the issued share capital of New Huo Solutions Limited for HKD 205,706,355.00[125] - The company sold 80% of the issued share capital of HBTPower Limited and HBTPower Inc. for USD 6,624,740.00 (approximately HKD 52,002,023.00)[125] - The net proceeds from the subscription of Subscription Shares I and II were HKD 154.4 million and HKD 170.2 million, respectively[128] - The company invested HKD 148.7 million to acquire 100% equity of FIL Limited, a Hong Kong-registered company engaged in cryptocurrency mining activities[193] - The company holds a 50% stake in the fund as of September 30, 2023, and is cautiously optimistic about the cryptocurrency mining ecosystem[194] - The company holds a 96.6% stake in the fund company as of September 30, 2022, and is optimistic about the cryptocurrency industry, focusing on top 50 cryptocurrencies and virtual asset futures[196] - The company signed a sale agreement for New Huo Solutions with a total consideration of HKD 205,706,355.00, but the transaction was not completed as of September 30, 2023[197] Share Issuance and Capital Structure - The company entered into a subscription agreement with Mr. Du Jun, the CEO and executive director, to issue 74,700,000 shares at HK$2.08 per share, totaling HK$155,376,000[67] - The company also entered into a subscription agreement with ON CHAIN Technology LIMITED to issue 82,300,000 shares at HK$2.08 per share[67] - The company issued 74,700,000 ordinary shares to Mr. Du Jun at a net price of HKD 2.07 per share[98][99] - The subscription price for shares was determined based on the closing price of HKD 2.30 per share on the Hong Kong Stock Exchange as of April 26, 2023[100] - The company has utilized the net proceeds as follows: approximately HKD 120 million for repaying outstanding loans, HKD 23.5 million for business development, and HKD 50 million for general working capital[102] - As of the reporting date, approximately HKD 131.5 million of the net proceeds remain unused, with HKD 105 million allocated for repaying loans by February 2024 and HKD 26.5 million for business development in 2024[102] - The company entered into a subscription agreement II with ON CHAIN Technology LIMITED on April 26, 2023, agreeing to issue 82,300,000 subscription shares II at a price of HKD 2.08 per share[124] - The company issued a total of 157,000,000 subscription shares at a price of HKD 2.08 per share on October 10, 2023, increasing the total number of issued shares from 308,960,665 to 465,960,665[146] Corporate Governance and Shareholder Structure - The company revised its share option plan to align with the updated listing rules effective from January 1, 2023[54] - The company changed its stock ticker from "Huobi Tech" to "New Huo Tech" (English) and from "火幣科技" to "新火科技控股" (Chinese), effective from November 22, 2022[56] - The company further changed its stock ticker from "NEW HUO TECH" to "SINOHOPE TECH" (English), effective from October 16, 2023, while the Chinese ticker remained unchanged[57] - The company's share option plan was further amended on July 28, 2023, to allow vesting periods exceeding one fiscal year, enabling continuous assessment of participants' performance[115] - As of September 30, 2023, the total number of unexercised share options was 53,334, a significant decrease from 1,075,334 on September 30, 2022[113] - The company's Chairman, Mr. Li Lin, holds a 40.47% stake in the company through controlled entities[142][144] - Avenir Capital Inc. holds a 37.73% stake in the company as a beneficial owner[144] - HBCapital Limited holds a 2.73% stake in the company as a beneficial owner[144] - Mr. Shen Nanpeng holds an 11.94% stake in the company through controlled entities[144] - SC China Enterprises Limited and SNP China Holding Limited each hold an 11.94% stake in the company through controlled entities[144] - SC China Venture IV Management, L.P. and Sequoia Capital China Venture Fund IV, L.P. each hold a 9.86% stake in the company through controlled entities[144] - Sequoia Capital CV IV Senior Holdco. Ltd. and Sequoia Capital CV IV Holdco, Ltd. each hold a 9.86% stake in the company, with the latter as a beneficial owner[144] - The company granted 25,400,000 share options on October 16, 2023, with an exercise price of HKD 1.89 per share[163] - The weighted average remaining contract period for unexercised share options as of September 30, 2023, was 2,570 days[162] - The company did not purchase, redeem, or sell any of its listed securities during the 2023 fiscal year[164] - The company did not enter into any agreements that would require the issuance of shares as of September 30, 2023[165] Financial Performance and Risk Management - The company's foreign exchange risk is primarily concentrated in USD to RMB and JPY fluctuations, managed through natural hedging and forward foreign exchange contracts[73] - The company's asset-to-liability ratio decreased to 218.5% as of September 30, 2023, compared to 317.5% in the previous year[74] - Total borrowings amounted to HKD 467.2 million, consistent with the previous year's figure of HKD 467.1 million[74] - Bank financing for wholly-owned subsidiaries in Mainland China and Hong Kong was zero as of September 30, 2023, down from HKD 23.6 million in the previous year[74] - The company expects the recent restructuring to alleviate debt burden and allow focus on core businesses, with no significant impact on operations[97] - The company's distributable reserves as of September 30, 2023, showed a surplus of approximately HKD 201.86 million, including accumulated losses of HKD 380.26 million and other reserves of HKD 582.12 million[122] - The company's total employee cost for 2023 was HKD 101.9 million, a significant decrease from HKD 215.9 million in 2022, due to business sales, restructuring, and cost-cutting policies[199] Business Strategy and Focus - The company successfully sold its energy-related and electric/electronic products business on June 19, 2023, to focus on building a leading one-stop compliant digital asset service platform[151] - The company's current three major business segments are digital asset services, frontier technology business, and future investment layout, including digital asset exchanges, asset management, digital asset custody, mining farms and pools, SaaS, data center services, incubation, investment, M&A of potential projects, CeFi, DeFi, Web3.0, NFT, metaverse, and infrastructure sectors[178] - The company's New World Pioneer Mining Fund No. 1 Limited Partnership Fund is registered under the Hong Kong Limited Partnership Fund Ordinance and aims to invest in the cryptocurrency mining ecosystem, including acquiring interests in companies engaged in mining activities and supporting the mining ecosystem[192] Awards and Recognition - The company has been awarded the "Hong Kong Outstanding Asset Management Enterprise Award" by Corphub in May 2022[181] - The company has been awarded the "Best New Economy Company Award" at the 5th Golden Port Stock Annual Awards Ceremony in March 2021[184] Auditing and Compliance - The company's financial statements for the year ended September 30, 2023, have been audited by Deloitte Touche Tohmatsu, and a resolution to reappoint Deloitte as the company's auditor will be proposed at the upcoming annual general meeting[175] - The company has not been notified of any significant non-compliance with relevant laws and regulations that would have a material impact on its business and operations as of September 30, 2023[176] ESG and Stakeholder Engagement - The company has established a governance framework to ensure that its ESG strategies align with its growth strategies and has appointed Riskory Consultancy Limited as an independent ESG consultant[189] - The company places high importance on stakeholder engagement and communication, actively collecting feedback to assist in formulating operational and ESG strategies[191] - The company has partnered with the Singapore Blockchain Association as a founding member in Asia and is a member of the Hong Kong FinTech Association[179] - The company has implemented consistent statistical and disclosure methods to ensure meaningful data comparison in the future[188] Stablecoin Regulation - The Hong Kong Monetary Authority (HKMA) completed the first market consultation on the stablecoin regulatory framework and plans to submit it to the Legislative Council for review in early 2024[43]

Financial Performance - For the year ended September 30, 2023, the revenue from cryptocurrency trading business was HKD 2,810,576, a decrease of 68.6% compared to HKD 8,939,449 in 2022[2]. - The total revenue, including other businesses, was HKD 2,833,569, reflecting a decline of 68.7% from HKD 9,056,726 in the previous year[2]. - Gross profit for the year was HKD 10,389, down 90.6% from HKD 110,850, resulting in a gross margin of 0.4%, down from 1.2%[2]. - The loss before tax from continuing operations increased by 48.9% to HKD (282,173) compared to HKD (189,513) in 2022[2]. - The loss attributable to owners of the company for the year was HKD (275,959), a 47.7% increase from HKD (186,868) in the previous year[2]. - Basic and diluted loss per share from continuing operations was 88.29 HK cents, up 45.6% from 60.64 HK cents in 2022[2]. - The total revenue from continuing operations for the year ended September 30, 2023, was approximately HKD 2,833.6 million, a significant decrease of about 68.7% or HKD 6,223.1 million compared to HKD 9,056.7 million for the year ended September 30, 2022[36]. - The net loss for the year ended September 30, 2023, was approximately HKD 288.7 million, compared to a net loss of approximately HKD 206.5 million for the year ended September 30, 2022[36]. - The company reported a loss attributable to owners of the company from continuing operations of HKD 275,959,000, compared to HKD 186,868,000 in the previous year, marking an increase of approximately 47.6%[79]. - The company reported a loss of HKD 288,694,000 for the year ended September 30, 2023, compared to a loss of HKD 206,501,000 in the previous year, representing an increase in loss of approximately 39.7%[89]. Revenue Breakdown - The revenue from technology solutions business was approximately HKD 10 million for the year ended September 30, 2023, a decrease of about 87.6% or HKD 70.4 million from HKD 80.4 million in the previous year[38]. - The asset management services generated revenue of approximately HKD 4.3 million for the year ended September 30, 2023, a decrease of about 51.7% or HKD 4.6 million from HKD 8.9 million in the previous year[42]. - The revenue from custody, compliance, and consulting services was approximately HKD 1.1 million for the year ended September 30, 2023, down about 95.7% or HKD 24.3 million from HKD 25.4 million in the previous year[44]. - The revenue from virtual asset lending and cryptocurrency trading business included approximately HKD 1.6 million and HKD 2,810.6 million, respectively, for the year ended September 30, 2023[46]. - The revenue from energy-related and electric/electronic products in fiscal year 2023 was approximately HKD 160.9 million, down by about HKD 235.2 million or 59.4% from HKD 396.1 million in 2022, primarily due to slow global economic recovery[57]. Asset Management and Sales - The company completed the sale of Win Techno Inc. for USD 3,270,000 (approximately HKD 25.5 million) on November 1, 2022[4]. - The company entered into a sale agreement for shares in Animoca Brands Corporation Limited for USD 809,000 (approximately HKD 6.31 million), completed in April 2023[9]. - The company has agreed to sell its equity in New Huo Solutions Limited for a consideration of HKD 205,706,355.00[31]. - The company has also agreed to sell 80% of its equity in HBTPower Limited and HBTPower Inc. for a total consideration of approximately USD 6,624,740.00 (around HKD 52,002,023.00)[33]. - The company completed the sale of its target company for HKD 115 million, resulting in a recognition of approximately HKD 6 million in revenue post-sale[51][59]. Corporate Changes and Strategy - The company has changed its English name from "New Huo Technology Holdings Limited" to "Sinohope Technology Holdings Limited" as of September 13, 2023[21]. - The company has revised its share option plan to align with listing rules, effective from January 1, 2023[23]. - The company has approved the modification of the vesting period for share options, which may extend beyond one fiscal year, effective from July 28, 2023[24]. - The company has established a partnership with Gao Sheng Limited for a fund focused on intellectual property commercialization, combining expertise in virtual asset investment management and film production[15]. - The company is focusing on expanding its services in the Web3 sector, offering a one-stop solution for developers to facilitate entry into this emerging market[74]. - The company is optimistic about the future of virtual assets in Hong Kong, highlighting the establishment of a new licensing regime for centralized virtual asset trading platforms and the development of a regulatory framework for stablecoins[70][71]. Financial Position and Liabilities - The company’s net assets decreased to HKD 213,776,000 from HKD 147,086,000, reflecting a significant increase of approximately 45.1%[93]. - The company’s total assets decreased from HKD 808,112,000 to HKD 671,487,000, a decline of about 16.9%[91]. - The company’s current liabilities increased to HKD 424,630,000 from HKD 415,563,000, showing a slight increase of approximately 2.6%[91]. - The company’s non-current liabilities decreased significantly from HKD 505,743,000 to HKD 110,238,000, a reduction of about 78.2%[93]. - The company’s equity attributable to owners increased from HKD 134,929,000 to HKD 206,350,000, reflecting an increase of approximately 53.0%[93]. Cash Flow and Investments - The company reported a net cash outflow from operating activities of HKD 79,137,000 in 2023, compared to a net inflow of HKD 10,510,000 in 2022[143]. - The company reported a net cash outflow from operating activities of approximately HKD 245.2 million for the fiscal year 2023, down from HKD 314.8 million in fiscal year 2022[182]. - The net cash inflow from investing activities for fiscal year 2023 was approximately HKD 11.5 million, a significant decrease from HKD 133.9 million in fiscal year 2022[183]. - Financing activities generated a net cash inflow of approximately HKD 302.1 million in fiscal year 2023, compared to HKD 232.8 million in fiscal year 2022[185]. Regulatory and Compliance - The company has submitted an application to the Securities and Futures Commission for a license to operate as a virtual asset trading platform under the Securities and Futures Ordinance, but withdrew the application in January 2023 due to changes in business focus and planning[49]. - The launch of the "Hong Kong VASP Application Guardian Program" aims to assist institutions in applying for VASP licenses, enhancing compliance and operational capabilities[74]. - The company emphasizes its commitment to long-term strategies and compliance, aiming to create inclusive value for society and reasonable returns for shareholders[75]. Discontinued Operations - The group has terminated its contract manufacturing business after selling its stake in Pindong Industrial Co., Ltd., and this business is classified as discontinued operations[109]. - The total revenue from discontinued operations was HKD 160,926,000 in 2023, down from HKD 396,138,000 in 2022, indicating a significant decline of approximately 59.3%[143]. - The cost of sales for discontinued operations was HKD 150,792,000 in 2023, compared to HKD 322,294,000 in 2022, reflecting a decrease of about 53.3%[143].