Financial Performance - Revenue increased modestly by HK$2.0 million or 2.3% from HK$87.9 million in FY2023 to HK$89.9 million in FY2024[15]. - Net profit for FY2024 decreased by HK$4.5 million or 9.0% to HK$45.8 million compared to HK$50.3 million in FY2023[15]. - Impairment losses on loans and interest receivables rose to HK$10.0 million in FY2024 from HK$4.7 million in the prior year, impacting profitability[15]. - Profit and total comprehensive income decreased by 9.0% from HK$50.3 million in FY2023 to HK$45.8 million in FY2024[52][58]. - Administrative expenses increased from HK$22.7 million in FY2023 to HK$25.1 million in FY2024, representing an increase of HK$2.4 million or 10.6%[36]. - Employee benefit expenses rose by HK$1.4 million or 13.1% from HK$10.7 million in FY2023 to HK$12.1 million in FY2024[37]. - Other income increased by HK$0.5 million from HK$1.8 million in FY2023 to HK$2.3 million in FY2024, mainly due to an increase in bank interest income[34]. - Finance costs decreased by 25.0% from HK$0.4 million in FY2023 to HK$0.3 million in FY2024 due to a reduction in average borrowings[48][54]. - The effective tax rate increased from 16.4% in FY2023 to 16.9% in FY2024[51][57]. Loan Portfolio and Credit Risk - The Group's gross loans receivable and repossessed assets declined by HK$91.5 million or 10.8% from HK$845.0 million as of December 31, 2023, to HK$753.5 million as of December 31, 2024[15]. - The Group's gross loans receivable decreased by approximately HK$88.6 million or 10.6% from HK$834.7 million as of December 31, 2023, to HK$746.1 million as of December 31, 2024[26]. - The overall weighted average loan-to-value ratio was managed at 60.7% as of December 31, 2024, indicating a cautious credit policy[18]. - The overall weighted average loan-to-value ratio was maintained at 60.7% as of December 31, 2024, up from 60.0% in 2023[29]. - As of December 31, 2024, approximately 97% of remaining credit impaired loans and interest receivables were first mortgage loans[46]. - The Group's principal loan products include first mortgage loans and subordinated mortgage loans, with approximately 70% of the portfolio secured by residential properties[79]. - The standard annual interest rates for mortgage loans during FY2024 ranged from 8% to 25.0%[80]. - The Group will focus on enhancing its loan portfolio by minimizing exposure to high-risk segments and adjusting pricing strategies[64]. - The management will continue to conduct its loan business cautiously and actively manage credit risks amid upcoming challenges[18]. Market Conditions - The Hong Kong property market saw a decline in residential property prices by 7.2% during the year, influenced by high-interest rates and reduced investor confidence[13]. - The Private Domestic Property Price Index in Hong Kong fell by 7.2% from 311.3 in December 2023 to 288.9 in December 2024[25]. - The economic outlook for 2025 indicates potential loan growth supported by moderating geopolitical tensions and interest rate reductions, although the property market remains a concern[59]. Corporate Governance - The company has adopted and complied with the relevant code provisions under the Corporate Governance Code as of December 31, 2024, with the exception of the roles of chairman and chief executive being held by the same individual, Ms. Wang Yao[124]. - The Board currently comprises six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience in various fields[128]. - The independent non-executive Directors have confirmed their independence in accordance with the Listing Rules, and the company considers them to be independent[131]. - The company emphasizes high-quality governance, sound internal controls, and transparency to all shareholders[123]. - The Board has established three committees: Audit, Remuneration, and Nomination, each with defined written terms of reference[170]. - The Audit Committee, consisting of independent non-executive Directors, was established on November 22, 2014, to oversee the Company's financial reporting and audit processes[171][176]. - The Audit Committee's primary duties include reviewing the Group's financial policies, ensuring coordination between internal and external auditors, and monitoring the effectiveness of internal controls[178]. - The Board will continue to review the appropriateness of the current structure regarding the roles of chairman and chief executive[124]. - The company will propose amendments to its corporate governance policies as necessary to ensure compliance with the Code Provisions[125]. Employee and Management - The Group employed 19 full-time employees as of December 31, 2024, compared to 18 in the previous year[100]. - Total employee benefit expenses for FY2024 were HK$12.1 million, an increase from HK$10.7 million in FY2023[100]. - Continuous professional development (CPD) is arranged for all Directors to update their knowledge on relevant statutes and corporate governance practices[158]. - The remuneration policy for Directors is linked to their performance and the profitability of the Company during the year[188]. - The Group maintains strong relationships with employees and customers to ensure sustainable development[94]. Risk Management - The Group has implemented policies for continuous monitoring of the property market and collateral values to mitigate market risks[88]. - The Group's operational risk management is guided by standard operating procedures and regular assessments of key operational exposures[87]. - The company has effective risk management and internal control systems in place to provide adequate checks and balances[124].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 89,879,000, an increase of 2.3% from HKD 87,860,000 in 2023[4] - Other income rose to HKD 2,256,000, up 28.5% from HKD 1,756,000 in the previous year[4] - Profit before tax decreased to HKD 55,047,000, down 8.8% from HKD 60,157,000 in the prior year[4] - Net profit attributable to owners of the company was HKD 45,760,000, a decline of 9.4% from HKD 50,304,000 in 2023[4] - Basic earnings per share decreased to HKD 11.4, down from HKD 12.6, reflecting a 9.5% decline[4] - The group's profit and total comprehensive income for fiscal year 2024 was HKD 45,800,000, a decrease of HKD 4,500,000 or 9.0% from HKD 50,300,000 in fiscal year 2023[57] Expenses and Liabilities - Administrative expenses increased to HKD 25,055,000, representing a rise of 10.2% compared to HKD 22,714,000 in 2023[4] - Total employee benefit expenses, including director remuneration, rose to HKD 12,072,000 in 2024, up from HKD 10,722,000 in 2023, reflecting a 12.6% increase[17] - The total tax expense for the year ended December 31, 2024, was HKD 9,287,000, compared to HKD 9,853,000 in 2023, indicating a decrease of 5.7%[22] - The company recorded a credit loss expense of HKD 8,431,000 for the year ended December 31, 2024, compared to HKD 4,683,000 in 2023, reflecting an increase of 79.5%[18] - Total liabilities decreased to HKD 12,847,000 from HKD 15,616,000, indicating a reduction of 17.7%[6] Assets and Cash Flow - Total assets as of December 31, 2024, amounted to HKD 953,731,000, a slight increase from HKD 930,740,000 in 2023[5] - Cash and cash equivalents increased significantly to HKD 181,823,000 from HKD 52,317,000, representing a growth of 248%[5] - The current ratio improved from 44.8 times on December 31, 2023, to 57.7 times on December 31, 2024[62] - The return on total assets decreased from 5.4% on December 31, 2023, to 4.8% on December 31, 2024[64] - The return on equity decreased from 5.5% on December 31, 2023, to 4.9% on December 31, 2024[64] Revenue Sources and Market Conditions - The company's total revenue is generated from mortgage and personal loan businesses in Hong Kong, with no external revenue or assets reported from outside Hong Kong[15] - The local GDP growth in Hong Kong was approximately 2.5%, supported mainly by external factors, while local consumption remained weak[40] - The property price index in Hong Kong decreased by 7.2% from December 2023 to December 2024, indicating a decline in the real estate market[40] Dividends and Shareholder Information - The company plans to propose a final dividend of 5.0 HK cents per share, totaling HKD 20,000,000 for the year ended December 31, 2024[27] - The proposed final dividend is HKD 0.005 per ordinary share, totaling HKD 20,000,000[75] - The company's shareholder register will be temporarily suspended from May 30, 2025, to June 4, 2025, for the upcoming annual general meeting[76] - The final dividend will be paid to shareholders listed on the register as of June 16, 2025, with the register suspended from June 12, 2025, to June 16, 2025[77] Future Outlook and Strategy - The company will focus on enhancing its loan portfolio and reducing exposure to high-risk areas in the uncertain environment[58] - The company has no significant capital expenditure commitments as of December 31, 2024[60] - The company has no major investments or acquisitions during the fiscal year 2024[65] - The company has no significant contingent liabilities as of December 31, 2024[67] Governance and Meetings - The chairman and president of the company is Wang Yao, with other executive and independent non-executive directors listed[80] - The annual performance announcement for the year ending December 31, 2024, will be published on the Hong Kong Stock Exchange and the company's website[78] - The annual general meeting will be held on June 4, 2025, with relevant documents to be published on the company's website[79]

Financial Reporting and Compliance - The Group's interim financial information is prepared in accordance with HKAS 34, with no significant issues identified during the review[5]. - The report covers the condensed consolidated interim financial position as of June 30, 2024, and the related comprehensive income for the six-month period[3]. - The Group's financial statements include the interim statement of changes in equity and cash flows for the same period[3]. - The review was conducted in accordance with Hong Kong Standard on Review Engagements 2410, focusing on financial and accounting inquiries[4]. - The Group's financial information is deemed to be materially accurate and compliant with relevant accounting standards[5]. - The report was issued by BDO Limited, a certified public accountant firm, confirming the integrity of the financial data[5]. - The Group's management is responsible for the preparation and presentation of the financial information[4]. - The review does not express an audit opinion, indicating a different scope of assurance[4]. - The financial information includes material accounting policy information relevant to the Group's operations[3]. - The report is intended solely for the Board of Directors of Global International Credit Group Limited[4]. Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HK$46,457,000, an increase of 5.2% compared to HK$44,179,000 in the same period of 2023[6]. - Profit before income tax for the period was HK$29,443,000, a decrease of 9.4% from HK$32,507,000 in the previous year[6]. - Profit attributable to owners of the Company for the period was HK$24,696,000, down 9.9% from HK$27,410,000 in 2023[6]. - Basic and diluted earnings per share decreased to 6.2 HK cents from 6.9 HK cents year-over-year[6]. - Administrative expenses totaled HK$12,367,000 for the six months ended June 30, 2024, up 13.0% from HK$10,935,000 in 2023[29]. - The Group's profit and total comprehensive income decreased by approximately HK$2.7 million or 9.9%, from approximately HK$27.4 million to approximately HK$24.7 million for the six months ended 30 June 2024[79]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to HK$963,832,000, an increase of 3.6% from HK$930,740,000 at the end of 2023[8]. - Total equity attributable to owners of the Company increased to HK$919,820,000 from HK$915,124,000[7]. - Current assets rose to HK$641,116,000, up 18.7% from HK$539,943,000 at the end of 2023[8]. - Cash and cash equivalents significantly increased to HK$125,851,000 from HK$52,317,000, reflecting a growth of 140.5%[8]. - Non-current liabilities decreased to HK$2,468,000 from HK$3,587,000, a reduction of 30.3%[9]. - Total liabilities decreased to HK$44,012,000 from HK$15,616,000, indicating a significant reduction in financial obligations[9]. Cash Flow and Financing Activities - Net cash generated from operating activities for the six months ended June 30, 2024, was HK$96,739,000, a decrease of 20.7% compared to HK$122,078,000 in 2023[12]. - Cash and cash equivalents at the end of the period increased to HK$125,851,000, up 15.9% from HK$108,504,000 in 2023[12]. - Net cash used in financing activities was HK$22,098,000, significantly lower than HK$65,263,000 in the previous year, indicating improved cash management[12]. Loans and Credit Risk - The Group's revenue is solely derived from the money lending business, specifically property mortgage loans and personal loans in Hong Kong, with no segment analysis provided[22]. - The maximum exposure to credit risk for loans receivable is the carrying amount of HK$723,450,000 as of June 30, 2024[43]. - The provision for impairment losses on loans receivable totaled HK$7,958,000 as of June 30, 2024, down from HK$9,993,000[41]. - The maturity profile of loans receivable shows current loans at HK$413,741,000, with over 1 year and within 5 years at HK$135,275,000, and over 5 years at HK$166,476,000[44]. - The Group continues to implement stringent credit control measures to minimize associated credit risk during the reporting period[66]. Taxation - The Hong Kong Profits Tax for the current year was HK$4,747,000, an increase from HK$5,097,000 in the previous year[33]. - As of 30 June 2024, a tax provision of HK$4,522,000 has been made in respect of tax enquiries[35]. - The Group's effective tax rate increased from 15.7% to 16.1% for the same periods[79]. Corporate Governance and Shareholder Information - The Company has complied with the Corporate Governance Code provisions except for the roles of chairman and chief executive being held by the same individual, which the Board believes ensures consistent leadership[126]. - The Company confirmed that all Directors complied with the required standards of the Model Code for securities transactions throughout the six months ended June 30, 2024[128]. - The Share Option Scheme aims to provide incentives and recognize contributions from Eligible Participants to support the long-term growth of the Group[112]. - No share options were granted, exercised, lapsed, or cancelled during the six months ended June 30, 2024, with 40,000,000 options available for grant as of both January 1, 2024, and June 30, 2024[124]. - Ms. Jin Xiaoqin holds a 75% interest in the company through a controlled corporation, owning 300,000,000 shares[101]. Market Conditions and Future Outlook - The Group anticipates a mild expansion in the Hong Kong economy in the second half of 2024, but faces challenges due to prolonged high-interest rates and changing local consumption patterns[93]. - Loan growth momentum may be constrained due to conservative risk preferences in business and real estate investments[93]. - The anticipated trend of lower interest rates by the US Federal Reserve may help stabilize the property market in Hong Kong and improve investment sentiment[93].

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 46,457,000, an increase of 5.1% from HKD 44,179,000 in the same period of 2023[1] - Profit before tax for the period was HKD 29,443,000, down from HKD 32,507,000, representing a decrease of 6.3%[1] - Profit attributable to owners of the company was HKD 24,696,000, down from HKD 27,410,000, a decline of 9.9%[1] - The company reported a decrease in interest receivables from related parties, with interest expenses amounting to HKD 188,000 for the six months ended June 30, 2024[29] - The group's profit and total comprehensive income decreased by approximately HKD 2,700,000 or 9.9% to about HKD 24,700,000 for the six months ending June 30, 2024[39] Expenses and Losses - Administrative expenses increased to HKD 12,367,000, up from HKD 10,935,000, reflecting a rise of 12.2%[1] - The impairment loss on receivables and recoverable assets increased to approximately HKD 5,000,000 for the six months ending June 30, 2024, compared to about HKD 1,000,000 for the same period in 2023[35] - The company incurred finance costs of HKD 148,000 for lease liabilities in the six months ended June 30, 2024, compared to HKD 82,000 in the same period of 2023[11] Assets and Equity - Total assets as of June 30, 2024, were HKD 963,832,000, an increase from HKD 930,740,000 at the end of 2023[2] - Current assets increased to HKD 641,116,000 from HKD 539,943,000, marking an increase of 18.7%[2] - Total equity attributable to owners of the company was HKD 919,820,000, up from HKD 915,124,000, showing a slight increase of 0.3%[3] - As of June 30, 2024, the company's receivables amounted to HKD 723,450,000, down from HKD 834,670,000 as of December 31, 2023[20] Earnings Per Share - Basic and diluted earnings per share were HKD 6.2, compared to HKD 6.9 in the previous year, reflecting a decrease of 10.1%[1] - Basic earnings per share for the six months ended June 30, 2024, were HKD 6.2, down from HKD 6.9 in the same period of 2023[16] Taxation - The company’s total tax expense for the six months ended June 30, 2024, was HKD 4,747,000, compared to HKD 5,097,000 for the same period in 2023[13] - The actual tax rate increased from 15.7% to 16.1% for the six months ending June 30, 2024[38] Cash Flow and Liquidity - Cash and cash equivalents increased by approximately HKD 73,600,000 to about HKD 125,900,000 as of June 30, 2024[40] - The average month-end balance of receivables increased by approximately HKD 6,300,000 or 0.8% to about HKD 830,500,000 for the six months ending June 30, 2024[32] Credit Quality and Provisions - The company recorded a provision for credit losses of HKD 7,958,000 for the receivables as of June 30, 2024, compared to HKD 9,993,000 as of December 31, 2023, indicating an improvement in credit quality[20] - Interest receivables (net of provisions) were HKD 6,355,000 as of June 30, 2024, down from HKD 12,778,000 as of December 31, 2023, representing a decline of 50.3%[22] - The aging analysis of interest receivables (net of provisions) shows that overdue amounts over 90 days decreased significantly from HKD 4,880,000 to HKD 533,000[23] Market Outlook and Strategy - The outlook for the Hong Kong economy is challenging, with expected moderate growth in the second half of 2024, influenced by high interest rates and changing consumer patterns[49] - The group plans to maintain prudent risk management policies and credit review processes to control the quality of its loan portfolio while seizing business opportunities[49] - There are currently no major investment or large-scale new product launch plans, but the group will continue to improve existing products and services[49] Dividends - The company did not recommend an interim dividend for the six months ended June 30, 2024, while the final dividend for the year ended December 31, 2023, was HKD 0.05 per share, totaling HKD 20,000,000[18] - The board does not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[55] Audit and Review - The audit committee has reviewed the interim financial results for the six months ended June 30, 2024, and recommended approval to the board[54]

Financial Performance - Revenue declined by HK$2.6 million or 2.9% to HK$87.9 million in FY2023 compared to HK$90.5 million in the prior year[13]. - The Group's profit and total comprehensive income for FY2023 was HK$50.3 million, a decrease of HK$0.7 million or 1.4% compared to HK$51.0 million in FY2022[49]. - The Group's revenue for FY2023 decreased by HK$2.6 million or 2.9% to HK$87.9 million from HK$90.5 million in FY2022[25]. - The gross loans receivable decreased by approximately HK$36.8 million or 4.2% from approximately HK$871.5 million as at 31 December 2022 to HK$834.7 million as at 31 December 2023[25]. - The average month-end balance of aggregate loans receivable decreased by HK$25.9 million or 3.1% from HK$848.6 million for FY2022 to HK$822.7 million for FY2023[29]. - The Group recorded a provision for impairment losses on loans receivable of HK$4.7 million in FY2023, compared to HK$3.3 million in FY2022[28]. - The effective tax rate slightly decreased from 16.5% in FY2022 to 16.4% in FY2023[48]. - The total employee benefit expenses for the Group in 2023 were HK$10.7 million, an increase from HK$10.5 million in 2022, reflecting a growth of approximately 1.9%[104]. Loan Portfolio and Risk Management - The overall weighted average loan-to-value ratio was managed at 60.0% as of December 31, 2023, indicating a cautious credit policy[14]. - The Group's strategic focus remains on lower-risk first mortgage loans to cope with increasing funding cost pressures[12]. - Approximately 70% of the Group's mortgage loans are secured by residential properties, with the remaining 30% secured by commercial, industrial properties, and car park spaces as of December 31, 2023[81][83]. - The Group continuously monitors credit risk through established policies and procedures, including due diligence on loan applications[82][84]. - The Group has established sufficient risk management procedures to control various types of risks, ensuring the best interests of the Group and its shareholders[96]. - The Group is actively monitoring the property market trends and potential discounts on repossessed assets[116]. - The Group's credit assessments were crucial in determining the loan agreements, reflecting a strategic approach to risk management[116]. Market Conditions - Hong Kong residential property prices dropped by 7.0% in 2023 and have decreased over 20% since their peak in September 2021[12]. - The economic recovery in Hong Kong remains patchy, influenced by high interest rates and policy uncertainty[12]. - Market conditions in Hong Kong, including economic factors and property market trends, significantly impact the Group's business performance and loan portfolio growth[90][93]. Corporate Governance - The company has adopted and complied with the relevant code provisions under the Corporate Governance Code, ensuring high standards of corporate governance[135]. - The company reported a commitment to maintaining transparency and accountability to all shareholders, emphasizing sound internal controls[135]. - The roles of chairman and chief executive are currently held by the same individual, Ms. Wang Yao, which the board believes ensures consistent leadership and effective strategic planning[136]. - The company has independent non-executive directors with ample experience to safeguard shareholder interests[136]. - The Board believes that the current arrangement of having the same individual serve as both Chairman and Chief Executive does not compromise the balance of power and authority within the Company[139]. - The Company is committed to maintaining high standards of corporate governance, focusing on a quality Board, robust internal controls, and transparency to shareholders[139]. - The independent non-executive Directors have no material relationships with each other, ensuring their independence[145]. Shareholder Returns - A final dividend of HK5.0 cents per share is recommended to reward shareholders for their support[18]. - The Group's gearing ratio indicates a net cash position as of December 31, 2023, and 2022, with no significant debts reported[71][75]. Operational Efficiency - Administrative expenses decreased by HK$2.7 million or 10.6% from HK$25.4 million in FY2022 to HK$22.7 million in FY2023[36]. - Other income increased by HK$1.2 million from HK$0.6 million in FY2022 to HK$1.8 million in FY2023, mainly due to an increase in bank interest income[30]. - Employee benefit expenses increased by HK$0.2 million or 1.9% from HK$10.5 million in FY2022 to HK$10.7 million in FY2023[37]. - Advertising and marketing expenses decreased by HK$0.9 million or 18.0% from HK$5.0 million in FY2022 to HK$4.1 million in FY2023[37]. Audit and Compliance - The Audit Committee held two meetings during the year ended December 31, 2023, with all members attending both meetings[194]. - The Audit Committee reviewed the annual report and results announcement for the year ended December 31, 2022, and recommended approval to the Board[195]. - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with defined written terms of reference[186]. - The external auditor, BDO Limited, received a total remuneration of HK$902,000 for audit and non-audit services for the year ended December 31, 2023[199].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 87,860,000, a decrease of 3.7% compared to HKD 90,524,000 for the year ended December 31, 2022[4]. - The total comprehensive income attributable to owners of the company for the year was HKD 50,304,000, slightly down from HKD 50,959,000, a decrease of 1.3%[4]. - Basic earnings per share for the year was HKD 12.6, compared to HKD 12.7 for the previous year, reflecting a decline of 0.8%[4]. - The profit attributable to the company's owners for the year ended December 31, 2023, was HKD 50,304,000, a decrease from HKD 50,959,000 in 2022, resulting in basic earnings per share of 12.6 HKD cents compared to 12.7 HKD cents in the previous year[30][31]. - The group's profit and total comprehensive income for the fiscal year 2023 was HKD 50,300,000, a decrease of HKD 700,000 or 1.4% compared to HKD 51,000,000 in fiscal year 2022[69]. Income and Expenses - Other income increased significantly to HKD 1,756,000 from HKD 583,000, representing a growth of 201.4%[4]. - Administrative expenses decreased to HKD 22,714,000 from HKD 25,419,000, a reduction of 10.6%[4]. - The total finance costs for the year were HKD 422,000, significantly reduced from HKD 1,331,000 in 2022[26]. - The current tax expense for the year was HKD 9,268,000, a decrease from HKD 10,566,000 in 2022[28]. - Employee benefits expenses, including director remuneration, increased slightly to HKD 10,722,000 from HKD 10,519,000 in 2022[22]. - Advertising and marketing expenses decreased by HKD 900,000 or 18.0% from HKD 5.0 million in 2022 to HKD 4.1 million in 2023[61]. - The impairment loss provision for financial assets increased to HKD 4.7 million in 2023 from HKD 3.3 million in 2022, mainly due to an increase in overdue loans and a decrease in collateral value[63]. Assets and Liabilities - Total assets as of December 31, 2023, were HKD 930,740,000, a decrease from HKD 943,941,000 in 2022, representing a decline of 1.4%[5]. - Non-current assets decreased to HKD 390,797,000 from HKD 416,307,000, a drop of 6.1%[5]. - Current assets increased slightly to HKD 539,943,000 from HKD 527,634,000, an increase of 2.3%[5]. - As of December 31, 2023, the total loans receivable amounted to HKD 834,670,000, down from HKD 871,527,000 in 2022, with a provision for impairment of HKD 9,993,000[36]. - The company has a non-current portion of loans receivable amounting to HKD 369,334,000 as of December 31, 2023[36]. - The maximum credit risk faced by the company is represented by the carrying amount of loans and interest receivable[37][42]. Shareholder Information - The company proposed a final dividend of 5.0 HKD cents per share for the year ended December 31, 2023, totaling HKD 20,000,000[33]. - The board proposed a final dividend of HKD 0.05 per ordinary share, totaling HKD 20,000,000, to be paid on June 28, 2024, subject to approval at the annual general meeting[91]. - The company's annual general meeting is scheduled for June 4, 2024, where shareholders will have the opportunity to vote on the proposed dividend[96]. - The company's shareholder register will be closed from May 30, 2024, to June 4, 2024, to determine eligibility for voting at the annual general meeting[92]. - The company will also suspend the registration of share transfers from June 12, 2024, to June 14, 2024, to determine eligibility for the final dividend[93]. Compliance and Governance - The company confirmed compliance with the standards of the Securities Trading Code and the company's own guidelines for all directors for the year ending December 31, 2023[88]. - The audit committee, consisting of three independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2023, and recommended approval to the board[89]. - The board includes three executive directors and three independent non-executive directors as of the announcement date[98]. Future Outlook - The group is currently evaluating the impact of new accounting standards that will take effect in 2024 and 2025, with no significant impact expected on liabilities classification[18]. - The group plans to continue improving existing products and services to enhance customer experience, without any major investment or new product launches planned for the coming year[70].

Financial Performance - Revenue for the six months ended June 30, 2023, was HK$44,179,000, a slight decrease of 0.82% compared to HK$44,544,000 in the same period of 2022[18]. - Profit before income tax for the period was HK$32,507,000, compared to HK$32,721,000 in the previous year, reflecting a decrease of 0.65%[18]. - Profit attributable to owners of the Company for the period was HK$27,410,000, which is nearly unchanged from HK$27,426,000 in the prior year[18]. - Basic and diluted earnings per share remained stable at 6.9 HK cents for both 2023 and 2022[18]. - The company reported a total comprehensive income of HK$27,410,000 for the six months ended June 30, 2023[25]. Expenses and Income - Administrative expenses for the period were HK$10,935,000, slightly lower than HK$10,952,000 in the previous year[18]. - Other income increased significantly to HK$533,000 from HK$233,000, marking an increase of 128.76%[18]. - Impairment losses increased to HK$993,000 from HK$500,000, indicating a rise of 98.6%[18]. - Finance costs decreased to HK$277,000 from HK$604,000, a reduction of 54.1%[18]. - Income tax expense for the period was HK$5,097,000, down from HK$5,295,000, reflecting a decrease of 3.74%[18]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HK$908,026,000, a decrease of 3.8% from HK$943,941,000 as of December 31, 2022[21]. - Current assets increased to HK$538,825,000, up 2.3% from HK$527,634,000 at the end of 2022[21]. - Cash and cash equivalents significantly rose to HK$108,504,000, a 111.9% increase from HK$51,156,000 at the end of 2022[21]. - Total liabilities decreased significantly to HK$15,796,000, a reduction of 73.1% from HK$58,721,000 at the end of 2022[22]. - Non-current assets decreased to HK$369,201,000, down 11.3% from HK$416,307,000 at the end of 2022[21]. Cash Flow - For the six months ended June 30, 2023, cash generated from operations was HK$124,861,000, compared to a cash used in operations of HK$22,125,000 in the same period of 2022[30]. - Net cash generated from operating activities was HK$122,078,000, a significant improvement from a net cash used of HK$22,571,000 in the prior year[30]. - Cash and cash equivalents at the end of the period increased to HK$108,504,000 from HK$28,152,000 at the end of June 2022, representing a net increase of HK$57,348,000[30]. - The company reported a net cash used in financing activities of HK$65,263,000, compared to HK$31,519,000 in the previous year, reflecting increased financing activities[30]. Dividends - The company declared dividends of HK$20,400,000 related to the year ended December 31, 2022[25]. - Dividend paid to equity holders was HK$20,400,000, slightly down from HK$21,200,000 in the same period last year[30]. - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[84]. Loans and Credit Risk - As of June 30, 2023, loans receivable amounted to HK$781,401,000, down from HK$871,527,000 as of December 31, 2022, indicating a decrease of approximately 10.35%[87]. - The provision for impairment losses of loans receivable totaled HK$6,539,000 as of June 30, 2023, compared to HK$5,761,000 as of December 31, 2022, reflecting an increase of approximately 13.48%[87]. - The ageing analysis of interest receivables shows that over 90 days receivables increased significantly to HK$5,553,000 from HK$2,068,000, indicating a rise of 168.5%[101]. - The Group's maximum credit risk exposure for loans and interest receivables is reflected in their carrying amounts, which are subject to impairment provisions[96]. Market and Economic Outlook - The Hong Kong economy is expected to continue its post-pandemic recovery in the second half of 2023, although growth may slow due to high interest rates and a challenging global economic environment[174]. - The Group anticipates that the growth of its loan portfolio may be constrained by subdued loan demand and higher funding costs, and will implement stringent cost control measures to maintain profitability[179]. - The property market in Hong Kong showed a mild recovery, but the trend was short-lived due to continued interest rate hikes and a challenging external economic environment[128]. Shareholding Structure - As of June 30, 2023, Blossom Spring holds 300,000,000 shares, representing 75% of the issued share capital of the company[200]. - Mr. Wong Tai Wai, as the spouse of Ms. Jin, is also deemed to be interested in 300,000,000 shares, equating to 75% of the issued share capital[200]. - Ms. Jin is considered to have an interest in all shares held by Blossom Spring due to the Securities and Futures Ordinance (SFO)[200].

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，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GLOBAL INTERNATIONAL CREDIT GROUP LIMITED 環球信貸集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1669） 截至二零二三年六月三十日止六個月 中期業績公告 環球信貸集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱為「本集團」）截至二零二三年六月三十日止六個月的未經審核簡 明合併中期業績，並連同二零二二年之相關比較數字載述如下： 未經審核簡明合併中期綜合收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收入 3,4 44,179 44,544 其他收入 4 533 233 ...

Financial Performance - Revenue for FY2022 grew by HK$4.5 million or 5.2%, reaching HK$90.5 million compared to HK$86.0 million in the prior year[17]. - The Group's profit and total comprehensive income for FY2022 was HK$51.0 million, a decrease of HK$1.5 million or 2.9% from HK$52.5 million in FY2021[50]. - Administrative expenses increased from HK$23.0 million in FY2021 to HK$25.4 million in FY2022, representing an increase of HK$2.4 million or 10.4%[36]. - Other income rose from HK$4,000 in FY2021 to HK$583,000 in FY2022, primarily due to government subsidies[35]. - The total profit and comprehensive income for FY2022 was HK$51 million, a decrease of HK$1.5 million or 2.9% compared to HK$52.5 million in FY2021[57]. Loan Portfolio - The Group's gross loans receivable increased from HK$777.1 million as of December 31, 2021, to HK$871.5 million as of December 31, 2022, representing a growth of 12.1%[17]. - The average month-end balance of aggregate loans receivable increased by HK$100.0 million or 13.4% from HK$748.6 million in FY2021 to HK$848.6 million in FY2022[34]. - Approximately 70% of the Group's loan portfolio is secured by residential properties, with the remaining 30% secured by commercial properties, industrial properties, and car park spaces as of December 31, 2022[84]. - The overall weighted average loan-to-value ratio as of December 31, 2022, was 57.4%, up from 53.7% in 2021[33]. - The Group's credit risk is primarily associated with mortgage loans secured by properties in Hong Kong, with less than 1% of the total loan portfolio being unsecured loans[86]. Economic Environment - Hong Kong's economy shrank by 3.5% in 2022, with residential property prices declining by 15.6%, marking the largest annual decline since 1998[16]. - The US Federal Reserve raised benchmark interest rates seven times in 2022, increasing from near zero to a range of 4.25% to 4.5%[16]. - The lifting of pandemic restrictions and reopening of borders with mainland China is expected to improve market sentiment and economic recovery in 2023[18]. Risk Management - The Group plans to continue cautiously managing its loan business and actively managing credit risk amid ongoing economic challenges[18]. - The Group has strengthened its risk management policy over the years to better position itself for upcoming challenges[18]. - The Group has implemented policies for continuous monitoring of the property market and the collateral value of its mortgage loan portfolio[93]. Corporate Governance - The company has adopted and complied with the relevant code provisions of the Corporate Governance Code as of December 31, 2022, with some deviations noted[142]. - The board currently comprises six directors, including three executive directors and three independent non-executive directors, ensuring a balance of skills and experience[148]. - The company has an effective risk management and internal control system in place to provide adequate checks and balances[142]. - The independent non-executive directors have confirmed their independence in accordance with the Listing Rules[151]. - The Company has established mechanisms to ensure independent views are available to the Board, including the appointment of at least three INEDs[164]. Employee Information - The Group employed 18 full-time employees as of December 31, 2022, down from 20 in 2021[107]. - Total employee benefit expenses for the Group for the years ended December 31, 2022, and 2021 were HK$10.5 million and HK$10.7 million, respectively[107]. Dividends and Shareholder Relations - A final dividend of HK5.1 cents per share has been recommended to reward shareholders for their support[23]. - The Chairman expressed gratitude to management and staff for their commitment to service quality and to shareholders for their loyalty[22].

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，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GLOBAL INTERNATIONAL CREDIT GROUP LIMITED 環球信貸集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1669） 截至二零二二年十二月三十一日止年度 末期業績公告 環球信貸集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度的經審核末 期業績，並連同截至二零二一年十二月三十一日止年度的比較數字。 合併綜合收益表 截至十二月三十一日 止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 5 90,524 85,981 其他收入 5 583 4 行政開支 6 (25,419) (23,002) ...