Financial Performance - The Group recorded revenue of approximately HK$118.1 million for the six months ended 30 June 2023, an increase of 9.3% compared to HK$108.1 million for the same period in 2022[9]. - Overall gross profit decreased to approximately HK$14.6 million, representing a decrease of 37.1% from approximately HK$23.2 million for the six months ended 30 June 2022[9]. - The Group reported a consolidated net loss of approximately HK$4.6 million for the Period, compared to a net profit of approximately HK$7.9 million for the same period in 2022[10]. - Revenue for the six months ended 30 June 2023 was approximately HK$118.1 million, an increase of 9.1% compared to HK$108.1 million for the same period in 2022[27]. - The loss for the period attributable to owners of the Company was HK$5.4 million for the six months ended June 30, 2023, compared to a profit of HK$6.3 million in the same period in 2022[63]. - The total comprehensive expense for the period was HK$15.5 million, significantly lower than the total comprehensive income of HK$0.1 million in the same period of 2022[67]. - The total loss for the period was HK$4,568,000, compared to a profit of HK$7,881,000 for the same period in 2022[100]. Revenue Breakdown - Revenue from financial services and consumer goods business contributed approximately HK$93.6 million to the Group for the six months ended 30 June 2023[10]. - Revenue from construction and ancillary services decreased by 42.3% to approximately HK$24.6 million, down from approximately HK$42.6 million in the prior year[28]. - Consumer goods business revenue increased by 43.4% to approximately HK$93.6 million, accounting for 79.2% of total revenue[34]. - Financial services segment reported no revenue for the current period, compared to HK$337,000 in the previous year[96]. - The construction and ancillary services segment reported a revenue of HK$24,563,000, down 42.4% from HK$42,560,000 in the previous year[108]. - The consumer financial services segment generated revenue of HK$93,550,000, an increase of 43.4% compared to HK$65,241,000 in the prior year[108]. Cash and Liquidity - As of 30 June 2023, the Group had total cash and bank balances of approximately HK$55.3 million, up from approximately HK$52.5 million at the end of 2022[51]. - The net current assets as of June 30, 2023, were approximately HK$323.0 million, up from HK$219.1 million as of December 31, 2022, reflecting a strong liquidity position[58]. - Cash and cash equivalents at the end of the period were HK$54,264,000, up from HK$22,166,000 at the end of June 2022[77]. - Cash used in operating activities amounted to HK$142,670,000 for the six months ended June 30, 2023, compared to HK$13,747,000 for the same period in 2022[75]. - Cash and bank balances amounted to HK$55,278,000 as of June 30, 2023, up from HK$52,490,000 as of December 31, 2022, showing a 5.4% increase[156]. Assets and Liabilities - The Group's net current assets increased to approximately HK$323.0 million, compared to approximately HK$219.1 million as of 31 December 2022[52]. - The gearing ratio increased to approximately 19.2% as of 30 June 2023, up from approximately 16.8% at the end of 2022[53]. - The asset-liability ratio as of June 30, 2023, was approximately 19.2%, an increase from 16.8% as of December 31, 2022[58]. - Trade receivables increased to HK$65,246,000 as of June 30, 2023, compared to HK$29,652,000 as of December 31, 2022, representing a growth of 120%[15]. - The allowance for expected credit losses rose to HK$1,902,000 from HK$635,000, indicating a significant increase in credit risk management[15]. - Trade payables decreased significantly to HK$4,794,000 from HK$36,853,000, a reduction of 87%[158]. Business Strategy and Outlook - The economic environment in Hong Kong and the PRC is gradually recovering, which is expected to enhance business performance[11]. - The Group plans to commence more construction projects in Hong Kong to maintain a stable revenue stream in 2023[11]. - The Group aims to maximize shareholder value by exploring new business opportunities in consumer goods and other sectors[12]. - The expected recovery in business activities is anticipated to positively impact the Group's performance moving forward[11]. - The Group's pragmatic approach in executing business strategies will continue to focus on broadening the revenue and profit base[12]. Shareholder Information - The Group did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year where no dividend was declared[129]. - The Company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[178]. - No share options have been granted under the Share Option Scheme as of June 30, 2023[177]. - The maximum number of Shares that may be allotted under the Share Option Scheme must not exceed 30% of the total number of Shares in issue[185]. - Each Eligible Participant under the Share Option Scheme must not exceed 1.0% of the total number of Shares in issue[189].

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，概不對因本公告 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 HOPE LIFE INTERNATIONAL HOLDINGS LIMITED 曠 逸 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1683） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 曠逸國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司 及其附屬公司（以下統稱「本集團」）截至二零二三年六月三十日止六個月之未 經審核簡明綜合財務業績，連同截至二零二二年六月三十日止六個月之比較 數字如下： ...

Financial Performance - The Group's revenue decreased by HK$56.2 million to HK$191.0 million for the year ended 31 December 2022, down from HK$247.2 million in 2021, representing a decline of approximately 22.7%[12]. - Overall gross profit decreased by HK$12.3 million to HK$34.9 million in FY2022, compared to HK$47.2 million in FY2021, indicating a reduction of about 26.0%[12]. - The Group recorded a loss of HK$1.4 million for FY2022, a decrease of approximately HK$8.3 million compared to a profit of HK$6.9 million in FY2021[13]. - The decrease in revenue was primarily attributed to reduced income from construction and ancillary services, alongside a decline in gross profit margin from these services[12]. - The construction and ancillary services segment generated revenue of HK$106.3 million in FY2022, a decrease of HK$62.4 million from HK$168.7 million in FY2021, marking a decline of approximately 37%[31]. - The financial business segment's revenue dropped to HK$342,000 in FY2022, down from HK$4.8 million in FY2021, a decline of approximately 92.9%[30]. - The consumer goods business revenue increased to HK$84.3 million in FY2022, up from HK$73.7 million in FY2021, representing a growth of approximately 14.3%[30]. - The Group recorded an annual loss of HK$1.4 million in FY2022, compared to a profit of HK$6.9 million in FY2021, primarily due to decreased gross margins and increased financing costs[28]. - Finance costs increased by HK$4.6 million from HK$0.4 million in FY2021 to HK$5.0 million in FY2022, mainly due to higher interest on other borrowings[86][92]. Business Segments - The Group operates in three major segments: construction and ancillary services, financial business, and consumer goods business[26]. - The Group's consumer goods business focuses on producing and selling yellow wine products targeting young and middle-aged middle to high-class consumers[77]. - The Group's yellow wine production capacity is approximately 3,000 tons per annum, based in Jiangxi, a popular area for Chinese yellow wine[77]. Strategic Focus and Future Outlook - The economic environment in Hong Kong and mainland China is expected to recover, which may enhance business performance and lead to more construction projects in 2023[14]. - The anticipated reopening of the border between Hong Kong and mainland China is expected to positively impact business activities[14]. - The Group aims to maximize shareholder value by exploring new business opportunities, particularly in the consumer goods sector, to broaden its revenue and profit base[15]. - The Group's strategic focus will remain on pragmatic and enterprising approaches to executing business strategies[15]. Financial Position and Risk Management - As of December 31, 2022, the Group had total cash and bank balances of HK$52.5 million, up from HK$21.9 million in 2021[97][101]. - The Group maintained a current ratio of approximately 3.4 times as of December 31, 2022, compared to 3.9 times in 2021[98][101]. - The gearing ratio was approximately 16.8% as of December 31, 2022, slightly up from 16.4% in 2021[99][101]. - The Group is exposed to foreign exchange risk mainly related to Renminbi, which may impact performance, and currently does not have a foreign currency hedging policy[103]. - The management is closely monitoring the impact of currency fluctuations on the Group's performance to determine if any hedging strategies are necessary[107]. Loan Portfolio and Financial Services - As of December 31, 2022, the loan portfolio consisted of 86.7% personal loans and 13.3% corporate loans, a significant shift from the previous year where corporate loans made up 88.6%[42]. - The effective interest rate for the active and outstanding loans in the group's money lending business ranged from approximately 6% to 7% per annum as of December 31, 2022[47]. - The majority of loans granted by Greater Bay are short-term loans aimed at affluent individuals and well-established companies requiring short-term financing[50][52]. - The loan approval process includes a credit risk assessment, which involves obtaining credit assessment reports and conducting background checks on potential clients[58]. - The Group's expected credit loss (ECL) allowance for loans and interest receivables was approximately HK$10.1 million for the financial year ended December 31, 2022, compared to HK$11.0 million in FY2021[70]. - The Group's ECL assessment is based on historical credit loss experience and adjusted for specific debtor factors and economic conditions[69]. Shareholder and Corporate Governance - The Group's distributable reserves as of December 31, 2022, amounted to approximately HK$47.6 million, an increase from HK$38.0 million as of December 31, 2021, representing a growth of 25.8%[140][146]. - The Directors do not recommend any payment of final dividend for the year ended December 31, 2022[131][137]. - The Group has complied with relevant laws and regulations that significantly impact its operations, with no important events affecting the Group reported since the end of the financial year[130][135]. - The Group's financial risk management objectives and policies are detailed in note 29(b) to the consolidated financial statements[129][134]. - The Group's principal activities include construction and ancillary services, consumer goods business, and financial services, as outlined in the consolidated financial statements[128][133].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 HOPE LIFE INTERNATIONAL HOLDINGS LIMITED 曠 逸 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1683） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 末 期 業 績 公 告 曠 逸 國 際 控 股 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（「本 集 團」）截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度（「二 零 二 二 財 政 年 度」）之 綜 合 業 績，連 同 截 至 二 零 二 一 年 十 二 月 三 十 一 日 止 年 度 （「二零二一財政年度」）之經審核數字如下： ...

Financial Performance - The Group recorded revenue of approximately HK$108.1 million for the six months ended 30 June 2022, an increase of 70.2% compared to approximately HK$63.5 million for the same period in 2021[9]. - The overall gross profit increased to approximately HK$23.2 million, representing an increase of 58.9% compared to approximately HK$14.6 million for the six months ended 30 June 2021[9]. - The consolidated net profit for the Period was approximately HK$7.9 million, compared to approximately HK$3.9 million for the six months ended 30 June 2021[10]. - Revenue for the six months ended June 30, 2022, was approximately HK$108.1 million, a significant increase from HK$63.5 million for the same period in 2021[24]. - The Group recorded a profit of approximately HK$7.9 million for the period, an increase from approximately HK$4.0 million for the same period in 2021[32]. - The total profit for the period was HK$7,881,000, compared to HK$3,942,000 for the same period in 2021, indicating an increase of approximately 100.0%[94]. - Profit before taxation for the six months ended June 30, 2022, was HK$3,065,000, down from HK$5,601,000 in the same period of 2021, reflecting a decrease of 45.3%[113]. Revenue Breakdown - Revenue from the financial services business contributed approximately HK$0.3 million, while the consumer goods business contributed approximately HK$65.2 million for the six months ended 30 June 2022[10]. - Revenue from construction and ancillary services decreased by 28.0% to approximately HK$42.6 million, down from approximately HK$59.2 million in the previous year[26]. - Financial services revenue dropped to approximately HK$0.3 million, compared to HK$2.4 million in the same period last year[29]. - Consumer goods business revenue surged to approximately HK$65.2 million, accounting for approximately 60.3% of total revenue, compared to HK$1.9 million in the previous year[30]. - Revenue from external customers in Hong Kong was HK$42,897,000, while revenue from the PRC was HK$65,241,000 for the six months ended June 30, 2022[100]. Business Strategy - The Group plans to explore other business opportunities to reduce reliance on the Hong Kong property market, which has been negatively affected by COVID-19[11]. - The Group will continue to seek business opportunities in consumer goods, financial services, and other sectors to broaden its revenue and profit base[11]. - The Group's performance reflects a proactive approach to diversifying its business amidst market uncertainties[11]. - The Group is exploring new business opportunities in consumer goods and financial services to reduce reliance on the Hong Kong property market[38]. Financial Position - As of June 30, 2022, the Group had total cash and bank balances of approximately HK$6.6 million, down from approximately HK$21.9 million at the end of 2021[45]. - The Group maintained a current ratio of approximately 4.0 times as of June 30, 2022, compared to approximately 3.9 times at the end of 2021[46]. - The gearing ratio remained constant at approximately 16.4 as of June 30, 2022[47]. - Current assets as of June 30, 2022, totaled HK$283,797,000, slightly up from HK$282,843,000 at the end of 2021[58]. - Net current assets increased to HK$213,125,000 from HK$209,853,000, indicating a stable liquidity position[58]. - The Group had no significant contingent liabilities or capital commitments as of June 30, 2022[51]. - Non-current assets decreased to HK$30,459,000 from HK$33,593,000, reflecting a reduction in property, plant, and equipment[58]. Cash Flow and Expenses - The net cash used in operating activities for the six months ended June 30, 2022, was HK$13,747,000, compared to HK$10,769,000 in 2021, indicating a higher cash outflow[65]. - The cash and cash equivalents at the end of the period on June 30, 2022, were HK$22,166,000, down from HK$37,207,000 at the end of June 30, 2021, reflecting a decrease of 40.5%[68]. - The company experienced a significant increase in trade receivables, which rose by HK$41,127,000 during the six months ended June 30, 2022, compared to an increase of HK$8,627,000 in the same period of 2021[65]. - The total cash flow from investing activities for the six months ended June 30, 2022, was HK$1,000,000, compared to a cash outflow of HK$1,521,000 in 2021[68]. - The finance cost for the six months ended June 30, 2022, was HK$2,697,000, a significant increase from HK$89,000 in the same period of 2021[65]. - Administrative expenses increased to approximately HK$12.5 million from approximately HK$11.2 million in the previous year[31]. Shareholder Information - The Group expresses appreciation for the support from staff, customers, business partners, and shareholders[12]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[118]. - As of June 30, 2022, Ample Platinum Enterprises Limited held 147,872,000 shares, representing 20.54% of the issued shares[158]. - The company had issued and fully paid 720,000,000 ordinary shares, with a total share capital of HK$7,200,000[20]. Corporate Governance - The board comprises two executive directors and three independent non-executive directors, adhering to high standards of corporate governance[184]. - The company has complied with the code provisions under the Corporate Governance Code during the year ended 30 June 2022[184].

Financial Performance - The Group's revenue increased by 118.4% to HK$247.2 million for FY2021, up from HK$113.2 million in FY2020[22] - Overall gross profit rose by 100.9% to HK$47.2 million in FY2021, compared to HK$23.5 million in FY2020[22] - The Group recorded a profit of HK$6.9 million for FY2021, an increase of approximately HK$17.0 million from a loss of HK$10.1 million in FY2020[11] - The improvement in profit was attributed to increased gross profit margins and a decrease in expected credit losses[11] - The absence of losses from discontinued operations also contributed to the profit for FY2021[11] - The Group's gross profit margin improved due to better performance in construction and ancillary services and consumer goods business[10] Revenue Sources - The increase in revenue was primarily driven by growth in construction and ancillary services, as well as consumer goods business[10] - Revenue from construction and ancillary services increased by 63.0% to HK$168.7 million in FY2021, driven by contributions from commercial projects[30] - Revenue from the consumer goods business amounted to HK$73.7 million in FY2021, compared to nil in FY2020[36] - The Group's money lending business generated revenue of HK$4.8 million in FY2021, down from HK$9.7 million in FY2020[34] Current Assets and Liabilities - As of December 31, 2021, the Group had net current assets of HK$209.9 million, compared to HK$118.7 million as of December 31, 2020[48] - The Group's current ratio was approximately 3.9 times as of December 31, 2021, consistent with the previous year[48] - The gearing ratio was approximately 16.4% as of December 31, 2021, compared to nil in the previous year[49] - Total cash and bank balances were HK$21.9 million as of December 31, 2021, down from HK$49.2 million in the previous year[47] Share Capital and Proceeds - The Group raised approximately HK$11.7 million from the placing of 120,000,000 shares at a price of HK$0.1 per share, completed on December 8, 2021[59] - As of December 31, 2021, HK$1.8 million of the net proceeds from the share placing had been utilized, leaving unutilized proceeds of HK$9.9 million[62] - The intended use of the net proceeds includes approximately HK$8 million for supporting the Group's construction and ancillary services and approximately HK$3.7 million for general working capital and business development[62] Corporate Governance - The company is committed to maintaining high standards of corporate governance, comprising two executive directors and three independent non-executive directors[144] - The company has complied with the Corporate Governance Code provisions during the year ended December 31, 2021[144] - The Board comprises two executive Directors and three independent non-executive Directors, with independent Directors representing more than one-third of the Board[176] - The Company has received written confirmations of independence from all independent non-executive Directors, satisfying the independence guidelines as per Rule 3.13 of the Listing Rules[184] Board Meetings and Committees - The Board held 12 meetings during the year ended December 31, 2021[166] - The Audit Committee held 2 meetings during the year ended 31 December 2021, reviewing the accounting principles and practices adopted by the Group and the consolidated financial statements for the six months ended 30 June 2021 and the year ended 31 December 2021[187] - The Remuneration Committee conducted 4 meetings during the year ended 31 December 2021, reviewing the existing remuneration policy and package of all Directors and senior management[189] - The Nomination Committee also held 4 meetings during the year ended 31 December 2021, reviewing the structure, size, and composition of the Board and the objectives for implementing the board diversity policy[192] Director Remuneration and Interests - The remuneration for Ms. Chen Wuyou was fixed at HK$240,000 per annum with a discretionary bonus, effective from December 14, 2021[16] - The remuneration for Mr. Cheung Ting Pong was fixed at HK$120,000 per annum, effective from February 1, 2021[16] - The remuneration for Mr. Zhen Jian was fixed at HK$120,000 per annum, effective from October 25, 2021[16] - None of the Directors had interests in any competing business during the year ended December 31, 2021[100] Risk Management - The Group currently does not have any foreign currency hedging policy, exposing it to foreign exchange risk primarily related to Renminbi[53] - The Group had no significant contingent liabilities as of December 31, 2021, consistent with the previous year[62] - There were no pledged assets as of December 31, 2021, remaining unchanged from December 31, 2020[55] Dividend and Reserves - The Group's distributable reserves as of December 31, 2021, amounted to approximately HK$38.0 million, down from HK$75.2 million as of December 31, 2020, representing a decrease of 49.3%[76] - The Directors do not recommend any payment of final dividend for the year ended December 31, 2021[78] Auditor and Financial Statements - HLB Hodgson Impey Cheng Limited resigned as auditors, and KTC Partners CPA Limited was appointed as the new auditor effective December 31, 2021[129] - The consolidated financial statements for FY2021 were audited by KTC Partners CPA Limited, who will retire but is eligible for re-appointment at the upcoming annual general meeting[129]

Financial Performance - The Group recorded revenue of HK$63.5 million for the six months ended 30 June 2021, an increase of 55.6% compared to HK$40.8 million for the same period in 2020[11]. - The overall gross profit decreased to HK$14.6 million, representing a decrease of 1.4% from HK$14.8 million for the six months ended 30 June 2020[20]. - The consolidated net profit for the Period was HK$3.9 million, compared to HK$3.7 million for the six months ended 30 June 2020, reflecting a growth of 5.4%[12]. - Revenue from construction and ancillary services increased by 58.3% to HK$59.2 million for the six months ended 30 June 2021, compared to HK$37.4 million for the same period in 2020[27]. - Revenue from the money lending business amounted to HK$2.4 million, down from HK$3.4 million for the six months ended 30 June 2020[31]. - Consumer goods business revenue accounted for approximately 3% of total revenue, amounting to HK$1.9 million[33]. - The overall performance indicates a positive trend in revenue growth despite challenges in gross profit margins[20]. - For the six months ended June 30, 2021, total revenue was HK$63,506,000, representing a 55.7% increase from HK$40,824,000 in the same period of 2020[4]. - Segment revenue from construction and ancillary services was HK$59,174,000, while financial services contributed HK$2,410,000, and consumer goods business added HK$1,922,000[4]. Business Strategy and Opportunities - The Group explored business opportunities in financial services and consumer goods, contributing HK$2.4 million and HK$1.9 million to revenue respectively for the six months ended 30 June 2021[12]. - The Group's business segments include construction and ancillary services, financial services, and consumer goods business[23]. - The uncertainty in the Hong Kong property market due to COVID-19 may affect demand for construction and ancillary services[13]. - The Group is actively seeking to reduce reliance on the Hong Kong property market by exploring new business opportunities[13]. - The financial services and consumer goods segments are part of the strategy to broaden the revenue and profit base of the Group[13]. - The Group's management is focused on strengthening the revenue basis through diversification into new sectors[12]. - The Group is exploring business opportunities in consumer goods, financial services, and other sectors to broaden its revenue and profit base due to uncertainties in the Hong Kong property market[39]. Financial Position and Assets - As of 30 June 2021, the Group had total cash and bank balances of HK$37.2 million, down from HK$49.2 million as of 31 December 2020[46]. - The Group maintained a current ratio of approximately 5.3 times as of 30 June 2021, compared to approximately 3.9 times as of 31 December 2020[47]. - The Group had net current assets of HK$133.0 million as of 30 June 2021, an increase from HK$118.7 million as of 31 December 2020[47]. - The Group did not have any interest-bearing liabilities as of 30 June 2021, resulting in a gearing ratio of Nil[48]. - Non-current assets increased to HK$97,948,000 as of June 30, 2021, from HK$104,374,000 as of December 31, 2020[65]. - Current assets totaled HK$163,979,000 as of June 30, 2021, compared to HK$159,176,000 at the end of 2020, showing a growth of 3.5%[65]. - Net current assets increased to HK$133,029,000 as of June 30, 2021, from HK$118,726,000 at the end of 2020, reflecting an increase of 12.1%[65]. - The Group reported no pledged assets as of June 30, 2021, remaining unchanged from the previous year[55]. Cash Flow and Expenses - Cash flows from operating activities resulted in a net cash used of HK$10,769,000 for the six months ended June 30, 2021, compared to HK$2,810,000 for the same period in 2020, indicating a significant increase in cash outflow[70]. - The cash and cash equivalents at the end of the period were HK$37,207,000, an increase from HK$28,034,000 at the end of June 2020, representing a growth of approximately 32.5%[73]. - The Company experienced a net cash used in investing activities of HK$1,521,000 for the six months ended June 30, 2021, compared to a net cash generated of HK$25,000 in the same period of 2020[73]. - The Company reported a significant decrease in cash used in financing activities, amounting to HK$427,000 for the six months ended June 30, 2021, compared to HK$2,339,000 in the same period of 2020[73]. - Administrative expenses increased slightly to HK$11.2 million for the six months ended 30 June 2021, compared to HK$11.1 million for the same period in 2020[35]. Shareholder Information - As of June 30, 2021, Mr. HUI Kee Fung holds 149,900,000 shares, representing 24.98% of the issued shares[163]. - Starcross Group Limited and Mr. LEONG Hing Loong Rudoff each hold 52,155,111 shares, accounting for 8.69% of the issued shares[178]. - The company had no related party transactions after April 1, 2021, due to the resignation of Mr. LEONG as a director[157]. - APEL is the beneficial owner of 149,900,000 shares, which is also held by Mr. HUI Kee Fung through Soaring Holdings Limited[172]. - The company recorded no significant new product launches or technological advancements during the reporting period[173]. - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2021, compared to nil for the same period in 2020[168]. Management and Compensation - For the six months ended June 30, 2021, emoluments, salaries, and other benefits for key management personnel totaled HK$2,704,000, a decrease of 33.4% from HK$4,051,000 in 2020[160]. - The total compensation for key management personnel decreased from HK$4,099,000 in 2020 to HK$2,731,000 in 2021, reflecting a reduction of 33.4%[160]. Accounting and Reporting - The Group's financial statements were prepared in accordance with Hong Kong Accounting Standard 34 and the applicable disclosure requirements of the Listing Rules[79]. - The Group's financial statements do not include all information required in annual financial statements and should be read in conjunction with the annual financial statements for the year ended December 31, 2020[80]. - The amendments to HKFRSs applied did not have any significant impact on the Group's unaudited condensed consolidated financial statements[84].

Financial Performance - The Group's revenue from continuing operations increased by 31.1% to HK$113.2 million for FY2020, up from HK$86.3 million in FY2019[22] - The overall gross profit from continuing operations decreased by 11.0% to HK$23.5 million in FY2020, down from HK$26.4 million in FY2019[22] - The Group recorded a net loss of approximately HK$10.1 million for FY2020, compared to a profit of approximately HK$8.2 million in FY2019, representing a decrease of about HK$18.3 million[12] - The loss for the year was mainly due to the absence of a gain of HK$12.4 million from the disposal of the aviation and traveling service operation in FY2019[22] - The increase in cost of sales and the allowance for expected credit losses contributed to the net loss in FY2020[12] - Revenue from continuing operations increased by 31.1% to HK$113.2 million in FY2020, compared to HK$86.3 million in FY2019[25] - Gross profit from continuing operations decreased by 11.0% to HK$23.5 million in FY2020, down from HK$26.4 million in FY2019[25] - The construction and ancillary services segment saw a revenue increase of 27.1% to HK$103.5 million in FY2020, compared to HK$81.4 million in FY2019[30] - Revenue from the financial business segment rose to HK$9.7 million in FY2020, up from HK$4.9 million in FY2019[30] - The Group recorded a net loss of HK$10.1 million in FY2020, compared to a profit of HK$8.2 million in FY2019, primarily due to increased expected credit loss provisions[30] Business Strategy and Opportunities - The increase in revenue was primarily attributed to the growth in construction and ancillary services[11] - The Group is exploring business opportunities in the consumer goods sector to diversify its revenue and profit base[15] - The Group aims to reduce reliance on the Hong Kong property market by seeking new business opportunities[15] - The uncertainty in the Hong Kong property market due to external factors may impact demand for the Group's construction services[15] Financial Position and Assets - As of December 31, 2020, gross loans and interest receivable amounted to HK$91.0 million, an increase from HK$87.2 million in FY2019[30] - As of December 31, 2020, the Group had total cash and bank balances of HK$49.2 million, an increase from HK$33.2 million as of December 31, 2019[35] - The Group's net current assets were HK$118.7 million as of December 31, 2020, down from HK$133.7 million as of December 31, 2019, with a current ratio of approximately 3.9 times compared to 10.45 times in the previous year[35] - The Group had no interest-bearing liabilities as of December 31, 2020, resulting in a gearing ratio of nil, consistent with the previous year[35] - The Group's distributable reserves as of December 31, 2020, amounted to approximately HK$75.2 million, an increase from HK$32.5 million as of December 31, 2019[67][68] Share Capital and Transactions - The Group successfully placed 100,000,000 shares at a price of HK$0.95 per share, raising net proceeds of approximately HK$93.8 million[40] - As of December 31, 2020, all net proceeds from the share placing were fully utilized, with HK$40.0 million allocated for capital commitments in a joint venture and HK$53.8 million for general working capital[44] - The total number of ordinary shares issued by the Company as of 31 December 2020 is 600,000,000[105] - No share options were granted under the Share Option Scheme during the year ended December 31, 2020[124] Corporate Governance - The Company has complied with the Corporate Governance Code provisions during the year ended December 31, 2020[175] - The Board comprises two executive Directors and three independent non-executive Directors, ensuring a balanced governance structure[175] - The Company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value[175] - The Board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee different areas of the Company's affairs[181] - The Company regularly reviews its corporate governance practices to ensure compliance with the Code Provisions[176] Risk Management - The Group is exposed to foreign exchange risk primarily related to Renminbi, which may impact performance, and management is monitoring this risk closely[35] - The Group's principal risks and uncertainties are detailed in the "Chairman's Statement" on page 4[57][60] - The financial risk management objectives and policies of the Group are outlined in note 5(b) to the consolidated financial statements[57][60] Directors and Management - Mr. CHEUNG Ting Pong was appointed as an independent non-executive Director and chairman of the Audit Committee effective from 1 February 2021[90] - The Chief Financial Officer has 14 years of experience in financial management, corporate finance, and auditing[173] - The Company arranged appropriate insurance cover for Directors' and officers' liabilities during the year ended 31 December 2020[98] - All Directors are required to declare their directorships or other positions held at other companies upon their first appointment and update annually[182] Employee Compensation - The total remuneration paid to employees in FY2020 was HK$12.5 million, a decrease from HK$17.7 million in FY2019[32] - Administrative expenses decreased by HK$7.1 million to HK$21.5 million in FY2020, down from HK$28.6 million in FY2019[30] Shareholder Information - The Directors do not recommend any payment of final dividend for the year ended December 31, 2020[63] - Significant related party transactions were conducted in the normal course of business, as detailed in note 34 of the consolidated financial statements[155]

Financial Performance - The Group recorded revenue of HK$42.4 million for the six months ended 30 June 2020, a decrease of 11.8% compared to HK$48.1 million for the same period in 2019[17]. - The overall gross profit increased to HK$15.5 million, representing an increase of HK$0.9 million from HK$14.6 million for the six months ended 30 June 2019[17]. - The consolidated net profit for the Period was HK$3.7 million, down from HK$10.8 million for the six months ended 30 June 2019[17]. - Revenue from continuing operations decreased by 11.8% to HK$42.4 million for the six months ended 30 June 2020, compared to HK$48.1 million for the same period in 2019[26]. - Overall gross profit from continuing operations increased by 5.9% to HK$15.5 million, up from HK$14.6 million in the previous year[26]. - Profit for the period was approximately HK$3.7 million, a decrease from approximately HK$10.8 million for the six months ended 30 June 2019, primarily due to a prior gain of HK$12.4 million from the disposal of a subsidiary[26]. - The total comprehensive income for the period was HK$3.66 million, down from HK$10.76 million in the same period of 2019[56]. - The company recorded a profit of HK$3,654,000 for the six months ended June 30, 2020, compared to a profit of HK$10,758,000 in the same period of 2019[63]. - Profit before taxation from continuing operations was HK$3.72 million for the six months ended June 30, 2020, compared to a loss of HK$0.91 million in 2019[53]. - The profit for the period from continuing operations was HK$3.65 million, a significant recovery from a loss of HK$1.60 million in the prior year[53]. Revenue Segmentation - The Group explored business opportunities in financial services and health business, contributing HK$3.4 million and HK$1.6 million in revenue respectively for the six months ended 30 June 2020[17]. - Revenue from construction and ancillary services decreased by 19.0% to HK$37.4 million, down from HK$46.2 million in the same period last year[34]. - Revenue from the financial services segment increased to HK$3.4 million, compared to HK$1.6 million for the six months ended 30 June 2019[34]. - Revenue from the health business increased significantly to HK$1.6 million, compared to HK$0.3 million for the same period in 2019[37]. - For the six months ended June 30, 2020, total segment revenue was HK$42,410,000, a decrease of 11.0% from HK$48,082,000 in the same period of 2019[102]. - Revenue from external customers in Hong Kong was HK$38,456,000, down 11.0% from HK$43,592,000 in 2019, while revenue from the PRC was HK$3,954,000, down 12.0% from HK$4,490,000[102]. Operational Challenges - The overall performance reflects the challenges posed by external factors such as the US-China trade war and COVID-19[21]. - The uncertainty in the Hong Kong property market may affect demand for construction and ancillary services, prompting the Group to seek alternative business opportunities[21]. - The Group aims to reduce reliance on the Hong Kong property market by diversifying its business portfolio[21]. - The Group is actively exploring opportunities in the health industry and financial services to broaden its revenue and profit base[21]. Employee and Remuneration - The Group maintained 26 employees as of 30 June 2020, with total remuneration paid amounting to HK$6.7 million, down from HK$8.6 million for the same period in 2019[41]. - The Group's remuneration policy aims to maintain competitive packages based on business requirements and industry practices[41]. - The total remuneration for key management personnel was HK$4,099,000 for the six months ended June 30, 2020, compared to HK$4,349,000 for the same period in 2019, showing a decrease of approximately 5.8%[175]. Financial Position - As of June 30, 2020, the Group reported total cash and bank balances of HK$28.0 million, a decrease from HK$33.2 million as of December 31, 2019[44]. - The Group maintained a net current asset position of HK$138.7 million as of June 30, 2020, compared to HK$133.7 million as of December 31, 2019, with a current ratio of approximately 6.04 times[44]. - The total equity as of June 30, 2020, was HK$142,577,000, up from HK$138,923,000 at the beginning of the year[63]. - The Group had no significant contingent liabilities or capital commitments as of June 30, 2020, maintaining a stable financial position[50]. - The gearing ratio of the Group was nil as of June 30, 2020, indicating no interest-bearing liabilities[44]. Cash Flow and Investments - Operating cash flows before movements in working capital were HK$6,349,000, a significant increase from HK$1,138,000 in the previous year[66]. - Cash used in operating activities was HK$2,810,000, a reduction from HK$55,150,000 in the prior year[66]. - The net cash generated from investing activities was HK$25,000, while net cash used in financing activities was HK$2,339,000[69]. - The company reported a net decrease in cash and cash equivalents of HK$5,124,000 for the period[69]. Shareholder Information - As of June 30, 2020, Mr. LEONG holds 225,100,000 shares, representing approximately 45.02% of the issued shares[183]. - Ms. SHEN owns 149,900,000 shares, accounting for about 29.98% of the issued shares[183]. - The total number of issued shares as of June 30, 2020, is 500,000,000[183]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020, consistent with the previous year where no dividend was declared[119]. Share Option Scheme - No share options have been granted under the Share Option Scheme as of June 30, 2020[191]. - The purpose of the Share Option Scheme is to motivate eligible participants to optimize their performance for the benefit of the Group[195]. - The eligible participants include employees, directors, customers, and suppliers who contribute to the Group's growth[196]. - The company aims to attract and retain eligible participants whose contributions are beneficial to the long-term growth of the Group[200].

Financial Performance - The Group's revenue from continuing operations decreased by HK$56.8 million from HK$150.8 million in 2018 to HK$94.0 million in 2019, representing a decline of approximately 37.7%[22] - The overall gross profit from continuing operations decreased by HK$9.1 million from HK$36.5 million in 2018 to HK$27.4 million in 2019, indicating a reduction of approximately 24.9%[22] - The Group recorded a net loss of HK$4.2 million from continuing operations in FY2019, an improvement from a loss of HK$17.5 million in FY2018[37] - Revenue from construction and ancillary services decreased by 46.0% to HK$81.4 million in FY2019, down from HK$150.8 million in FY2018[49] - The Group recorded a profit of HK$8.2 million for the year, compared to a loss of HK$17.4 million in FY2018, mainly due to a gain of HK$12.5 million from the disposal of subsidiaries[59] - The Group recorded a gain attributable to the owners of the Company of HK$8.2 million for 2019, an increase of approximately HK$25.6 million compared to a loss of HK$17.4 million in 2018[22] Revenue Sources - The Group explored business opportunities in financial services and health business, contributing revenues of HK$4.9 million and HK$7.6 million respectively for 2019[22] - Revenue from the health business amounted to HK$7.6 million in FY2019, compared to nil in FY2018[38] - Revenue from the money lending business amounted to HK$4.9 million in FY2019, with gross loans and interest receivable totaling HK$87.2 million[52] - The Group's financial services segment did not generate any revenue from precious metal trading in FY2019, consistent with FY2018[50] Administrative Expenses - Administrative expenses decreased by HK$21.6 million from HK$51.8 million in FY2018 to HK$30.2 million in FY2019[52] - The Group's strategy includes expanding into the PRC market by establishing a subsidiary rather than regional offices, in response to favorable government policies[80] Liquidity and Financial Position - As of December 31, 2019, the Group had total cash and bank balances of HK$33.2 million, a decrease from HK$105.8 million as of December 31, 2018[69] - The Group maintained a strong liquidity position with net current assets of HK$133.7 million as of December 31, 2019, compared to HK$117.0 million in 2018, resulting in a current ratio of approximately 10.45 times[70] - The Group had no interest-bearing liabilities as of December 31, 2019, resulting in a gearing ratio of nil, consistent with the previous year[71] - The Group's working capital requirements are primarily financed by internal resources, reflecting a conservative financial strategy[71] Shareholding and Directors - As of December 31, 2019, Mr. Leong held 225,100,000 shares, representing 45.02% of the issued shares[161] - Ms. Shen held 149,900,000 shares, representing 29.98% of the issued shares[161] - The total number of issued shares as of December 31, 2019, was 500,000,000[173] - SGL, the registered holder of 225,100,000 shares, is 75% owned by Mr. Leong and 25% by Ms. Chew, who is Mr. Leong's spouse[174] - APEL, the registered holder of 149,900,000 shares, is 70% owned by Ms. Shen[175] Corporate Governance - The company has complied with relevant laws and regulations impacting its operations[100] - The company received annual confirmations of independence from all independent non-executive Directors[133] - The company has no service contracts with Directors that are not determinable within one year without compensation[146] - The company had no competing business interests from its Directors during the year ended December 31, 2019[147] Future Plans and Use of Proceeds - The Group plans to utilize approximately HK$22.5 million from the proceeds of its listing for general working capital and corporate purposes, reallocating funds originally intended for establishing new regional offices in the PRC[80] - The board has decided to reallocate HK$20.0 million originally planned for establishing new regional offices in China and HK$2.5 million for precious metal trading to general working capital and other corporate purposes[83] - The company aims to strengthen its marketing efforts to increase market share as part of its future growth strategy[89] Dividends and Reserves - The distributable reserves of the company at December 31, 2019, amounted to approximately HK$32.5 million, down from HK$73.6 million as of December 31, 2018[112] - The company does not recommend any payment of final dividend for the year ended December 31, 2019[101]