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 ...