Financial Performance - The Group recorded revenue of HK$48.1 million for the six months ended 30 June 2019, a decrease of 54.6% compared to HK$105.8 million for the same period in 2018[16] - Overall gross profit decreased to HK$14.6 million, representing a decline of 6.4% from HK$15.6 million for the six months ended 30 June 2018[27] - The Group achieved a consolidated net profit of HK$10.8 million for the Period, compared to a net loss of HK$10.2 million for the same period in 2018[17] - The profit for the Period was primarily due to a gain of HK$12.4 million from the disposal of Smart Empire Global Limited and a decrease in administrative expenses[17] - The decrease in revenue was mainly attributed to the decline in construction and ancillary services for non-residential projects[27] - The Group recorded a net loss of HK$1.6 million from continuing operations, a significant improvement from a loss of HK$12.4 million in the previous year[27] - Revenue from continuing operations decreased by 54.6% to HK$48.1 million for the six months ended 30 June 2019, compared to HK$105.8 million for the same period in 2018[28] - Gross profit from continuing operations decreased by 6.4% to HK$14.6 million for the six months ended 30 June 2019, down from HK$15.6 million for the same period in 2018[28] - The total comprehensive income for the period was HK$10,758,000, compared to a loss of HK$9,420,000 in the same period last year[88] - The company reported a profit of HK$10,758,000 for the six months ended June 30, 2019, compared to a loss of HK$11,772,000 for the same period in 2018[92] Revenue Breakdown - Revenue from financial services and health business contributed HK$1.6 million and HK$0.3 million respectively during the six months ended 30 June 2019[18] - Revenue from construction and ancillary services decreased by 56.4% to HK$46.2 million for the six months ended 30 June 2019, compared to HK$105.8 million for the same period in 2018[34] - Revenue from the money lending business amounted to HK$1.6 million for the six months ended 30 June 2019, whereas there was no revenue for the same period in 2018[41] - Revenue from the health business amounted to HK$0.3 million for the six months ended 30 June 2019, compared to no revenue for the same period in 2018[43] - Revenue from external customers in Hong Kong was HK$43,592,000, down from HK$102,267,000 in 2018, while revenue from the PRC increased to HK$4,490,000 from HK$3,579,000[156] Expenses and Costs - Administrative expenses decreased by HK$11.5 million from HK$27.4 million for the six months ended 30 June 2018 to HK$15.9 million for the six months ended 30 June 2019[44] - The total administrative expenses from discontinued operations were HK$41,000 for the period, compared to HK$2,258,000 in 2018[180] - Interest expense on lease liabilities for the six months ended June 30, 2019, was HK$77,000, compared to HK$0 in 2018[166] Cash Flow and Liquidity - As of June 30, 2019, the Group had total cash and bank balances of HK$45.8 million, down from HK$105.8 million as of December 31, 2018[62] - The Group maintained a net current asset position of HK$126.1 million as of June 30, 2019, compared to HK$117.0 million as of December 31, 2018, with a current ratio of approximately 7.99 times[63] - The Group's overall liquidity position remains healthy, with no pledged assets as of June 30, 2019[71][72] - Net cash used in operating activities was HK$55,150,000 for the six months ended June 30, 2019, compared to HK$58,626,000 for the same period in 2018[95] - Cash and cash equivalents at the end of the period stood at HK$45,819,000, down from HK$71,278,000 at the end of the previous period, representing a decline of 35.8%[97] Strategic Focus and Future Plans - The Group is exploring business opportunities in the health industry and financial services to broaden its revenue base[22] - The Group aims to reduce reliance on the Hong Kong property market by diversifying into other business sectors[22] - The Group plans to utilize approximately HK$22.5 million from the proceeds of its listing for general working capital and corporate purposes, reallocating funds originally intended for establishing new regional offices in the PRC[73][74] - The Group's precious metal trading business has been ceased since 2018, and the focus has shifted to expanding the PRC market through the establishment of a subsidiary[73] - The company plans to rename itself to "Hope Life International Holdings Limited," reflecting a potential strategic shift[99] Accounting Policies and Compliance - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with local regulations[102] - The Group adopted HKFRS 16, recognizing lease liabilities for previously classified operating leases, measured at the present value of remaining lease payments, with a weighted average incremental borrowing rate of 5.125% as of January 1, 2019[16] - The Group has chosen not to reassess whether a contract is, or contains, a lease at the date of initial application, relying instead on previous assessments made under HKAS 17[116] Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with no dividend in the same period of 2018[10] - The basic earnings per share for the six months ended June 30, 2019, was calculated based on a profit attributable to the owners of the Company from continuing operations of HK$ (1,603,000) and from discontinued operations of HK$ 12,361,000, resulting in a total profit of HK$ 10,758,000[11] - The diluted earnings per share for the six months ended June 30, 2019, were the same as the basic earnings per share due to no potential dilutive ordinary shares existing during the periods[11]

Financial Performance - The Group's turnover increased by HK$29.9 million from HK$157.4 million in the fifteen months ended December 31, 2017, to HK$187.3 million for the year ended December 31, 2018[11]. - Overall gross profit decreased by HK$6.4 million from HK$51.1 million for the fifteen months ended December 31, 2017, to HK$44.7 million for the year ended December 31, 2018[11]. - The loss attributable to the owners of the Company was HK$17.4 million for the year ended December 31, 2018, an increase of approximately HK$7.2 million compared to a loss of HK$10.2 million for the fifteen months ended December 31, 2017[11]. - The increase in revenue was mainly due to the growth in construction and ancillary services for non-residential projects and the aviation and travel business[11]. - The decrease in gross profit was primarily due to a decline in gross profit margin from construction and ancillary services[11]. - The Group's revenue for FY2018 increased by approximately 19.0% to approximately HK$187.3 million, driven by non-residential construction and ancillary services[24]. - The loss attributable to the owners of the Company rose by 70.4% to approximately HK$17.4 million due to a decrease in gross profit margin and increased operating expenses[24]. - Revenue from construction and ancillary services increased by 17.6% to HK$150.8 million, primarily from non-residential projects[30]. - Revenue from aviation and traveling services reached HK$36.5 million, up from HK$28.0 million in the previous period[33]. - The financial services segment generated no revenue in FY2018, compared to HK$1.1 million in the Relevant 2017 Period[41]. Business Strategy and Development - The Group plans to broaden its customer base for construction and ancillary services to non-residential customers to reduce reliance on residential projects in Hong Kong[17]. - The Group will explore business opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and financial services, including dealing in securities and asset management[17]. - The Group aims to enhance its future development and strengthen revenue bases through various business and investment opportunities[17]. - The Greater Bay Area development plan aims to transform Hong Kong and surrounding cities into a global center of technology and innovation[16]. - The Group is expanding its customer base to non-residential clients to reduce reliance on the Hong Kong property market[31]. - The Group plans to explore business opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area[31]. Financial Position and Cash Flow - As of December 31, 2018, the Group had total cash and bank balances of HK$105.8 million, down from HK$134.5 million as of December 31, 2017[57][61]. - The Group maintained a current ratio of approximately 4.99 times as of December 31, 2018, compared to approximately 3.76 times as of December 31, 2017[58]. - The Group had net current assets of HK$117.0 million as of December 31, 2018, down from HK$136.3 million as of December 31, 2017[58]. - The gearing ratio of the Group was nil as of December 31, 2018, as the Group had no borrowings[59]. - The original allocation of HK$45.0 million for potential acquisitions was revised, with HK$25.0 million redirected to working capital for ongoing and future construction projects[71]. - As of December 31, 2018, the total planned use of proceeds was HK$100.0 million, with HK$77.3 million utilized and HK$22.7 million remaining[80]. - Distributable reserves of the Company at December 31, 2018, were approximately HK$73.6 million, down from HK$85.1 million in 2017[102]. - The Group had no significant contingent liabilities as of December 31, 2018, compared to nil on December 31, 2017[82]. - The Group had no significant outstanding capital commitments as of December 31, 2018, consistent with the previous year[84]. Corporate Governance and Management Changes - The Company has undergone significant changes in its Board composition throughout 2018, impacting governance and oversight[123]. - Ms. CHEW Christina Mooi Chong was reappointed as the Chief Executive Officer on 27 August 2018 after resigning on 10 April 2018[114]. - Mr. SHIH Steven Chun Ning was appointed as an executive Director on 27 August 2018[114]. - Mr. LEONG Hing Loong Rudoff was appointed as Chairman of the Board on 26 September 2018[124]. - Mr. DENG Kui resigned as Chairman of the Board on 26 September 2018[124]. - Mr. LIU Gang and Mr. YU Haizong resigned as independent non-executive Directors on 26 September 2018[124]. - Ms. GAO Jinyi was appointed as an executive Director on 2 January 2019[127]. - Mr. LU Zhuohui was appointed as an independent non-executive Director on 1 January 2019[126]. - Mr. LEE Frank King-ting resigned as an independent non-executive Director on 31 December 2018[125]. - The Company received annual confirmations of independence from all independent non-executive Directors as per the Listing Rules[115]. Employee Compensation and Talent Acquisition - The Group's remuneration to employees for FY2018 was HK$30.5 million, an increase from HK$24.7 million in the Relevant 2017 Period[54]. - The remuneration of Mr. LIU Gang, Mr. YU Haizong, and Ms. AN Yiqing was revised from HK$120,000 per annum to HK$240,000 per annum effective from May 10, 2018[141]. - Performance bonuses of HK$1,130,000 were granted to Mr. DENG Kui, and HK$60,000 each to Mr. LIU Gang, Mr. YU Haizong, and Ms. AN Yiqing[141]. - The remuneration of Ms. CHEW Christina Mooi Chong was fixed at HK$2,000,000 per annum, and Mr. SHIH Steven Chung Ning at HK$950,950 per annum effective from August 27, 2018[141]. - The Group aims to recruit high-caliber talents in various fields to support future growth[74]. Share Capital and Options - As of December 31, 2018, the company had 500,000,000 shares issued, with SGL holding 375,000,000 shares, representing 75% ownership by Mr. Leong and 25% by Ms. Chew[1][3]. - SGL pledged 151,111,111 shares to Chance Achieve and 118,645,358 shares to Voice Chosen under facility agreements dated November 15, 2018[4][5]. - No share options were granted under the Share Option Scheme during the year ended December 31, 2018[175][177]. - The maximum number of shares that may be allotted under the Share Option Scheme cannot exceed 30% of the total shares in issue at any time[184]. - The total number of shares that may be granted under the Share Option Scheme shall not exceed 10% of the total shares in issue at the date of listing unless approved by shareholders[184]. - Each eligible participant under the Share Option Scheme may not exceed 1.0% of the total shares in issue within any 12-month period[184]. - A substantial shareholder or an independent non-executive director may not exceed 0.1% of the total shares in issue and not exceed HK$5.0 million in aggregate value[184]. - Options must be exercised within 10 years from the date they are granted[184]. - There is no minimum holding period specified for options before they can be exercised under the Share Option Scheme[187]. - The Share Option Scheme has a validity period of 10 years, expiring on August 12, 2025, unless terminated earlier[190]. - Eligible Participants can accept the option grant within 21 days from the offer date, with a consideration of HK$1.00 payable upon acceptance[194]. - The exercise price of the options must be at least the highest of the closing price on the grant date, the average closing price for the five trading days prior, or the nominal value of a share[195].