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[10]. - The condensed consolidated interim statement of comprehensive income for the six-month period ended June 30, 2022, is included in the report[6]. - The Group's financial position as of June 30, 2022, is detailed in the condensed consolidated interim statement of financial position[7]. - The report includes a summary of significant accounting policies and other explanatory notes relevant to the interim financial information[9]. - The review was conducted in accordance with Hong Kong Standard on Review Engagements 2410, focusing on inquiries and analytical procedures[9]. - The Group's directors are responsible for the preparation and presentation of the interim financial information[9]. - The auditor's conclusion indicates that the interim financial information is materially accurate and compliant with relevant standards[10]. - The report emphasizes the importance of compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[9]. - The Group's financial data is subject to review procedures that are less extensive than a full audit[9]. - The report is prepared by BDO Limited, a certified public accountant firm, ensuring professional oversight of the financial information[11]. Financial Performance - Revenue for the six months ended June 30, 2022, was HK$44,544,000, a 2.8% increase from HK$43,318,000 in 2021[13]. - Profit before income tax for the period was HK$32,721,000, compared to HK$32,050,000 in the same period last year, reflecting a growth of 2.1%[13]. - Comprehensive income attributable to owners of the Company for the period was HK$27,426,000, up from HK$26,842,000 in 2021, indicating a 2.2% increase[13]. - Basic and diluted earnings per share increased to 6.9 HK cents from 6.7 HK cents, representing a growth of 2.99%[13]. - The Group's profit and total comprehensive income for the six months ended June 30, 2022, was approximately HK$27.4 million, representing a slight increase of approximately HK$0.6 million or 2.2% from approximately HK$26.8 million for the six months ended June 30, 2021[133]. Assets and Liabilities - Total assets as of June 30, 2022, were HK$888,371,000, a decrease from HK$905,458,000 as of December 31, 2021[15]. - Total equity attributable to owners of the Company increased to HK$861,687,000 from HK$855,461,000, marking a rise of 0.4%[15]. - Current assets rose to HK$457,009,000 from HK$440,843,000, reflecting a growth of 3.7%[15]. - Loans receivable increased significantly to HK$409,676,000 from HK$319,863,000, a substantial rise of 28.0%[15]. - Total liabilities decreased to HK$26,684,000 from HK$49,997,000, indicating a reduction of 46.6%[17]. - Cash and cash equivalents decreased to HK$28,152,000 from HK$82,330,000, a decline of 65.8%[15]. Cash Flow and Financing Activities - For the six months ended June 30, 2022, the net cash used in operating activities was HK$22,571,000, a decrease from HK$42,331,000 generated in the same period of 2021[23]. - Cash flows from investing activities resulted in a net cash outflow of HK$88,000, compared to a net inflow of HK$3,000 in 2021[23]. - The net cash used in financing activities was HK$31,519,000, a significant reduction from HK$64,429,000 in the previous year[23]. - Cash and cash equivalents at the end of the period were HK$28,152,000, down from HK$110,740,000 at the end of June 2021[23]. - The company reported a cash outflow of HK$65,671,000 from operations, with loan interest received amounting to HK$43,546,000 and interest paid of HK$446,000[23]. Business Operations - The company is primarily engaged in the money lending business, providing property mortgage loans and personal loans in Hong Kong[25]. - All revenue and assets were generated from and located in Hong Kong during the six months ended June 30, 2022, maintaining a consistent operational focus[44]. - The Group maintained stringent credit control while gradually expanding its loan portfolio during the reporting period[113]. Risk Management and Impairment - There were no significant changes in the risk management policies since the last year end of December 31, 2021[39]. - The carrying amounts of financial assets and financial liabilities measured at amortised cost approximate their respective fair values[40]. - The net charge for impairment assessment on loans receivable was HK$(970,000) for the six months ended June 30, 2022, compared to a net reversal of HK$197,000 in the same period of 2021[52]. - The maximum exposure to credit risk as of June 30, 2022, is the carrying amount of the loans receivable, which is HK$835,789,000[76]. - As of June 30, 2022, all loans receivable, except for HK$1,240,000, are secured by collaterals provided by customers[77]. Taxation - The effective Hong Kong profits tax rate for the group was 8.25% for the first HK$2,000,000 of estimated assessable profits and 16.5% for profits above that threshold[60]. - The Group's income tax expense for the current year was HK$5,295,000, compared to HK$5,208,000 in the previous year, reflecting a slight increase[62]. - A tax provision of HK$4,522,000 has been made in respect of tax enquiries, indicating that adequate provision has been considered by the Company[64]. - The Group's effective tax rate was 16.2% for both the six months ended June 30, 2022, and June 30, 2021[128]. Employee and Administrative Expenses - Administrative expenses decreased to HK$10,952,000 in the first half of 2022 from HK$11,317,000 in 2021, reflecting a reduction of approximately 3.22%[49]. - The total employee benefit expenses for the six months ended June 30, 2022, were approximately HK$5.0 million, compared to HK$5.2 million for the same period in 2021[143]. - The Group employed 18 full-time employees as of June 30, 2022, a decrease from 20 employees as of December 31, 2021[146]. Future Outlook - The Group expects the economy in Hong Kong to gradually rebound in the second half of 2022, but loan growth momentum may be constrained due to tightening monetary policy and geopolitical tensions[158]. - The Group will continue to implement stringent cost control measures and strengthen its treasury management to uphold profitability despite subdued loan demand[159]. - The Group does not have any detailed plans for material investments or large-scale new product launches currently, but will focus on improving existing products and services[160]. Share Capital and Ownership - The entire issued share capital of Blossom Spring, which holds 300,000,000 shares (75% of the company), is owned by Ms. Jin Xiaoqin[179]. - Mr. Wong Tai Wai, as the spouse of Ms. Jin, is deemed to have an interest in the same number of shares[187]. - As of June 30, 2022, no other directors or chief executives had registered any interests or short positions in the shares of the company[183]. - The Share Option Scheme allows the issuance of a maximum of 40,000,000 shares, representing 10% of the shares in issue as of November 11, 2015[196]. - The total number of shares that may be issued upon exercise of all outstanding options must not exceed 30% of the shares in issue at any time[197].

Financial Performance - Revenue declined by HK$17.3 million or 16.8% to HK$86.0 million for FY2021 compared to HK$103.3 million in the prior year[12] - Profit and total comprehensive income decreased by HK$11.7 million or 18.2% to HK$52.5 million compared to HK$64.2 million in the prior year[12] - For FY2021, the Group's interest income decreased by 16.7% to HK$86.0 million from HK$103.3 million in FY2020[23] - The average month-end balance of aggregate loans receivable decreased by 11.0% from HK$841.4 million in FY2020 to HK$748.6 million in FY2021[23] - The Group's profit and total comprehensive income for FY2021 was HK$52.5 million, a decrease of HK$11.7 million or 18.2% from HK$64.2 million in FY2020[44] Loan and Asset Management - The Group's gross loans receivable and repossessed assets increased by 5.3% from HK$745.3 million as of December 31, 2020, to HK$784.6 million as of December 31, 2021[12] - The Group's gross loans receivable increased by HK$39.3 million to HK$784.6 million as of 31 December 2021 compared to HK$745.3 million as of 31 December 2020[18] - New loans granted by the Group in FY2021 amounted to HK$327.7 million, an increase from HK$203.6 million in FY2020[18] - The overall weighted average loan-to-value ratio was managed at 53.7% as of 31 December 2021[20] - Unsecured loans accounted for less than 1% of the Group's total loan portfolio as of December 31, 2021[65] Economic Environment - The GDP of Hong Kong grew by 6.4% in 2021 but remained 2% below the pre-recession level[12] - The Group plans to continue conducting its loan business cautiously amid ongoing economic uncertainties, including the impact of the Omicron variant and global inflationary pressures[12] Expenses and Costs - Administrative expenses decreased by 5.7% from HK$24.4 million in FY2020 to HK$23.0 million in FY2021, constituting 26.7% of total revenue[24] - Employee benefit expenses decreased by 5.3% from HK$11.3 million in FY2020 to HK$10.7 million in FY2021[26] - Finance costs decreased by 92.2% from HK$5.1 million in FY2020 to HK$0.4 million in FY2021 due to a decrease in average borrowings[33] Taxation - The effective tax rate increased from 16.2% in FY2020 to 16.5% in FY2021[36] - The actual tax rate slightly increased from 16.2% in FY2020 to 16.5% in FY2021[42] Corporate Governance - The company has adopted and complied with the relevant code provisions of the Corporate Governance Code as of December 31, 2021, except for the deviation regarding the roles of chairman and chief executive being held by the same individual[126] - The company reported a commitment to high standards of corporate governance, emphasizing a high-quality board and sound internal controls[125] - The board believes that the current arrangement of having the same individual serve as both chairman and chief executive ensures consistent leadership and effective strategic planning[126] - The company has an effective risk management and internal control system in place to provide adequate checks and balances[126] - The board will continue to review the appropriateness of separating the roles of chairman and chief executive based on the overall circumstances of the group[126] Employee Management - The Group emphasizes employee development and maintains a safe working environment, regularly reviewing remuneration packages[81] - As of December 31, 2021, the Group employed 20 full-time employees, a decrease from 22 in 2020[87] - Total employee benefit expenses for the years ended December 31, 2021, and 2020 were HK$10.7 million and HK$11.3 million, respectively, reflecting a decrease of approximately 5.31%[87] Risk Management - The Group has implemented policies for continuous monitoring of the property market and collateral values to mitigate market risk[75] - Operational risk management is guided by standard operating procedures and regular assessments of key operational exposures[74] - The Group will continue to monitor foreign currency exposure and take necessary actions to minimize related risks[88] Audit and Remuneration - For the year ended December 31, 2021, the external auditor received a total remuneration of HK$800,000 for audit and non-audit services[175] - The audit services accounted for HK$700,000, while interim review services contributed HK$100,000[175] - The Remuneration Committee reviewed and recommended remuneration packages for executive Directors and senior management based on performance[184] Board Composition and Meetings - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balance of skills in accounting, business, finance, investment, and legal professions[137] - The Board held five meetings during the relevant period, with the Annual General Meeting (AGM) conducted on June 1, 2021[143] - The Nomination Committee reviewed the structure, size, and composition of the Board at least annually[190] - The Nomination Committee held one meeting during the year ended December 31, 2021, with full attendance by its members[196]

GICL ||| 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited ( Incorporated in the Cayman Islands with limited liability ) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：1669 2021 INTERIM REPORT 中期報告 CONTENTS 目錄 2 Corporate Information 公司資料 4 Report on Review of Interim Financial Information 中期財務資料審閱報告 6 Condensed Consolidated Interim Statement of Comprehensive Income 簡明合併中期綜合收益表 7 Condensed Consolidated Interim Statement of Financial Position 簡明合併中期財務狀況表 9 Condensed Consolidated Interim Statement of Chang ...

GICL ||| 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited (Incorporated in the Cayman Islands with Iimited Ilability ) (於飼曼群島註冊成立之有限公司) Stock Code 股份代號：1669 !!!!!!!!!! !!!!!!!!!! !!!!!!!!!! ll "IIIIII ||||||| 2020 Annual Report 年報 Contents 目錄 | --- | --- | --- | |------------------------------------------------|-------|----------------------| | Corporate Information | 2 | 公司資料 | | Chairman's Statement | 5 | 主席報告 | | Management Discussion and Analysis | 7 | 管理層討論及分析 | | Directors and Senior ...

GICL |||| 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited ( Incorporated in the Cayman Islands with limited liability ) (於開曼群島註冊成立之有限公司) Stock Code 股份代號:1669 INTERIM REPORT 中期報告 2020 CONTENTS 目錄 2 Corporate Information 公司資料 4 Report on Review of Interim Financial Information 中期財務資料審閱報告 6 Condensed Consolidated Interim Statement of Comprehensive Income 簡明合併中期綜合收益表 7 Condensed Consolidated Interim Statement of Financial Position 簡明合併中期財務狀況表 9 Condensed Consolidated Interim Statement of Chan ...

GICL ||| 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited ( Incorporated in the Cayman Islands with limited liability ) (於南曼群島註冊成立之有限公司) Stock Code 股份代號：1669 2019 l � ANNUAL REPORT 年 報 Contents 目錄 | --- | --- | --- | |------------------------------------------------|-------|----------------------| | Corporate Information | 2 | 公司資料 | | Chairman's Statement | 5 | 主席報告 | | Management Discussion and Analysis | 7 | 管理層討論及分析 | | Directors and Senior Management | 17 | 董事及高級管理層 | | Corporate Gove ...

GICL ||| 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited la ( Incorporated in the Cayman Islands with limited liability ) (於開曼群島註冊成立之有限公司) Stock Code 股份代號:1669 INTERIM REPORT 中期報告 2019 CONTENTS 目錄 2 Corporate Information 公司資料 4 Report on Review of Interim Financial Information 中期財務資料審閱報告 6 7 Condensed Consolidated Interim Statement of Comprehensive Income 簡明合併中期綜合收益表 Condensed Consolidated Interim Statement of Financial Position 簡明合併中期財務狀況表 9 Condensed Consolidated Interim Statement of Ch ...

GICL || 環球信貸 環 球 信 貸 集 團 有 限 公 司 Global International Credit Group Limited ( Incorporated in the Cayman Islands with limited liability ) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：1669 IIII illi IIII I IIII I IIII ■ = IIII I IIII IIII u 2018 Annual Report 年報 | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|-------|----------------------|-------|-------|-------| | | | | | | | | | Contents Corporate Information | | 2 | 目錄 公司資料 | | | | | | | | | | | | | Chairman's Sta ...