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]

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].