FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 德林控股集團有限公司 呈交日期： 2025年1月9日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01709 | ...

德林控股集團有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) (Stock Code 股份代號: 1709) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Non-registered Shareholders(1) , 30 December 2024 DL HOLDINGS GROUP LIMITED (the "Company") – Notice of Publication of Interim Report 2024/25 (the "Current Corporate Communications") DL HOLDINGS GROUP LIMITED The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at https://www.dlglobalhold ...

Receivables and Credit Management - As of September 30, 2024, the total receivables amounted to HKD 146,078,000, an increase from HKD 132,068,000 as of March 31, 2024, representing a growth of approximately 10.6%[4] - New loans issued during the period totaled HKD 30,601,000 for receivables and HKD 5,628,000 for interest, contributing to a total of HKD 36,229,000[4] - The company recovered or repaid HKD 19,109,000 in receivables and HKD 3,550,000 in interest during the period, resulting in a total reduction of HKD 22,659,000[4] - The expected credit loss provision recognized during the period was HKD 2,930,000 for receivables and HKD 431,000 for interest, indicating proactive risk management[4] - The total trade receivables, net of expected credit loss provisions, decreased from HKD 167,960,000 as of March 31, 2024, to HKD 153,705,000 as of September 30, 2024[8] - The company’s total receivables as of April 1, 2024, were HKD 121,929,000 for loans and HKD 10,139,000 for interest, indicating a stable financial position[4] - As of September 30, 2024, the total receivables (loans and interest) net of provisions amounted to HKD 146,078,000, up from HKD 132,068,000 as of March 31, 2024, reflecting an increase of about 10.6%[70] - The expected credit loss provision for loans was HKD 7,183,000 as of September 30, 2024, compared to HKD 7,630,000 as of March 31, 2024, showing a decrease of approximately 5.9%[70] - The company maintained strict control over overdue receivables, with all loans and interest receivables being current as of September 30, 2024[69] - The company is committed to maintaining a high standard of credit quality, with all receivables due within one year as of September 30, 2024[69] Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 83,048,000, a decrease of 18% compared to HKD 101,260,000 for the same period in 2023[32] - Gross profit increased to HKD 62,259,000, up 22.5% from HKD 50,865,000 year-over-year[32] - Operating profit for the period was HKD 30,465,000, representing an increase of 181% compared to HKD 10,825,000 in the previous year[32] - Net profit for the period was HKD 7,749,000, up 11% from HKD 6,983,000 in the same period last year[32] - The company reported a total comprehensive income of HKD 7,879,000 for the period, up from HKD 6,790,000 in the previous year, indicating a growth of about 16%[37] - The company reported a basic and diluted earnings per share of HKD 0.52 for the period, compared to HKD 0.49 in the previous year[32] - The company reported a profit attributable to owners of the company of HKD 7,749,000, compared to HKD 6,983,000 for the same period in 2023, representing an increase of approximately 11%[150] - The basic earnings per share for the six months ended September 30, 2024, was HKD 0.52, up from HKD 0.49 for the same period in 2023, indicating a growth of about 6%[150] Assets and Liabilities - The total assets less current liabilities amounted to HKD 814,908,000 as of September 30, 2024, compared to HKD 734,078,000 as of March 31, 2024[33] - The company’s cash and cash equivalents increased to HKD 45,159,000 as of September 30, 2024, compared to HKD 39,842,000 as of March 31, 2024[33] - As of September 30, 2024, the total equity amounted to HKD 724,799,000, an increase from HKD 520,965,000 as of the previous year[34] - The total liabilities decreased to HKD 90,109,000 from HKD 213,113,000, reflecting a reduction of approximately 58%[34] - Total assets as of September 30, 2024, amounted to HKD 1,079,922,000, with total liabilities of HKD 699,837,000, resulting in a net asset position of HKD 380,085,000[106] Financial Costs and Income - The company experienced a significant increase in financial costs, which rose to HKD 23,394,000 from HKD 5,851,000, marking an increase of approximately 300%[39] - The company incurred financial costs of HKD 19,937 thousand, which impacted the overall profitability[119] - The company recognized a fair value loss of HKD 2,453 thousand during the reporting period[119] - The income tax expense for the period was HKD 608 thousand, indicating a tax burden on the reported earnings[119] - Financial income from bank interest for the six months ended September 30, 2024, was HKD 1,286,000, a decrease of 54.5% from HKD 2,830,000 in the previous year[146] - Total financial costs for the six months ended September 30, 2024, amounted to HKD 23,394,000, significantly higher than HKD 6,099,000 for the same period in 2023, reflecting an increase of approximately 284%[146] Shareholder Information - The company declared a final dividend of HKD 0.0198 per share for the previous fiscal year, totaling HKD 30,063,000, compared to HKD 14,976,000 for the same period in 2023[149] - As of September 30, 2024, the number of unexercised share options was 50,100,000, down from 56,100,000 as of September 30, 2023, indicating a reduction of approximately 10.7%[156] - The average exercise price of unexercised share options as of September 30, 2024, was HKD 2.7, compared to HKD 2.5 to HKD 2.7 as of September 30, 2023[158] - The company has not granted any share options for the six months ended September 30, 2024, consistent with the previous period[153] - The total number of shares granted to employees and directors for the six months ended September 30, 2024, was 975,000, compared to 979,484 for the same period in 2023[164] Business Operations and Strategy - The company operates in multiple financial services sectors, including investment advisory, asset management, and family office services, targeting ultra-high-net-worth families[42] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] - The company continues to explore market expansion opportunities and new product development to enhance its service offerings[42] - The company completed the acquisition of the remaining 55% stake in Derlin Family Office (Hong Kong) on November 28, 2023, expanding its family office services for ultra-high-net-worth families[97] - The company plans to continue expanding its corporate solutions services, which generated revenue of HKD 787,000 for the six months ended September 30, 2024, compared to HKD 2,195,000 in the same period of 2023[102] Compliance and Reporting - The interim financial statements were reviewed and concluded without reservation by an independent auditor on November 29, 2023[49] - The financial report is prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with relevant regulations[63] - The group has not adopted any new or revised Hong Kong Financial Reporting Standards that would significantly impact the financial statements for the six months ended September 30, 2024[91] - The board believes that the adoption of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the group's consolidated financial statements[86] - The group’s accounting policies and methods used in preparing the interim condensed consolidated financial statements are consistent with those used in the annual financial statements for 2024[85] Employee and Operational Costs - The company incurred total employee benefits expenses of HKD 29,242,000 for the six months ended September 30, 2024, an increase from HKD 22,253,000 in the same period of 2023[108] - The company purchased property, plant, and equipment amounting to approximately HKD 5,871,000 for the six months ended September 30, 2024, significantly up from HKD 85,000 for the same period in 2023[173] - The company reported no impairment losses for the six months ended September 30, 2024[176] Fair Value and Investments - The fair value of financial assets measured at fair value through profit or loss increased to HKD 218,484,000 as of September 30, 2024, compared to HKD 152,653,000 as of March 31, 2024[33] - The fair value of financial assets measured at fair value through profit or loss includes listed equity securities valued at HKD 8,514,000 and unlisted equity investments valued at HKD 142,740,000 as of September 30, 2024[183] - The company recorded a net fair value gain of HKD 29,348,000 for financial assets measured at fair value through profit or loss for the six months ended September 30, 2024, compared to HKD 5,543,000 in the same period of 2023[107]

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，概不就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。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 內幕消息 DL DIGITAL FAMILY OFFICE (CAYMAN) LIMITED股份之 認購協議 本公告乃由本公司根據上市規則第13.09(2)條以及證券及期貨條例第XIVA部項下的 內幕消息條文（定義見上市規則）而作出。 董事會欣然宣佈，於2024年12月17日（交易時段後），DL Digital Family Office (Cayman) （本公司之全資附屬公司）與Qraft Technologies訂立認購協議，內容有關DL Digital Family Office (Cayman)建議向Qraft Technologies發行及配發認購股份，總認購價 為3,000,000美元，將以Qraft Technologies根據 ...

DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 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，概不就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。 (1)完成有關認購事項之關連交易 及 (2)提供德林擔保 茲提述德林控股集團有限公司（「本公司」）日期為2024年7月17日的公告，內容有關 （其中包括）認購事項（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界 定者具有相同涵義。 完成認購事項 董事會欣然宣佈，認購協議所載的所有先決條件均已達成，且完成已根據認購協議 的條款及條件於2024年11月29日進行。於完成後，目標公司由本公司間接擁有62.5% 權益，並已成為本公司的間接非全資附屬公司，而目標公司的財務業績將綜合計入 本集團賬目。 1 提供德林擔保 誠如該公告所披露，為促使目標公司當時擬議購買物業順利成事，陳先生（作為完成 前目標公司的唯一股東）根據融資函件自貸款人取得貸款融 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 83,048,000, a decrease of 18% compared to HKD 101,260,000 for the same period in 2023[3] - Gross profit increased to HKD 62,259,000, up 22.5% from HKD 50,865,000 year-on-year[3] - Operating profit rose significantly to HKD 30,465,000, compared to HKD 10,825,000 in the previous year, marking an increase of 181%[3] - Net profit for the period was HKD 7,749,000, representing a 11% increase from HKD 6,983,000 in the same period last year[3] - Total comprehensive income attributable to owners of the company was HKD 7,879,000, up from HKD 6,790,000 year-on-year[5] - The basic and diluted earnings per share for the period were both HKD 0.52, compared to HKD 0.49 in the previous year[5] - The company reported a total of HKD 146,078,000 (unaudited) in receivables and interest, net of expected credit loss provisions, as of September 30, 2024, compared to HKD 132,068,000 (audited) as of March 31, 2024[66] - The company reported a profit of approximately HKD 7.7 million for the reporting period, representing a 10.0% increase from HKD 7.0 million for the same period in 2023[96] - The group recorded a net profit of approximately HKD 7.7 million, an increase of about 10.0% compared to HKD 7.0 million for the six months ended September 30, 2023[121] Assets and Liabilities - Non-current assets increased to HKD 586,103,000 as of September 30, 2024, compared to HKD 478,442,000 as of March 31, 2024[7] - Current liabilities decreased to HKD 265,014,000 from HKD 342,354,000, indicating improved liquidity[7] - The company's total equity increased to HKD 724,799,000 from HKD 520,965,000, reflecting a strong financial position[9] - The company's total trade receivables of HKD 156,347,000 as of September 30, 2024, down from HKD 170,602,000 as of March 31, 2024, indicating a decrease of approximately 8.3%[57] - The company's financial assets at fair value through profit or loss increased to HKD 218,484,000 as of September 30, 2024, compared to HKD 152,653,000 as of March 31, 2024, reflecting a growth of approximately 43%[52] - The company has pledged securities with a market value of approximately HKD 458,804,000 as collateral for margin clients as of September 30, 2024, down from HKD 505,788,000 as of March 31, 2024[57] - The group's current assets net value as of September 30, 2024, was approximately HKD 228.8 million, down from HKD 255.6 million as of March 31, 2024[123] - The group's debt-to-equity ratio decreased from approximately 58.9% as of March 31, 2024, to about 29.0% as of September 30, 2024, primarily due to net debt repayment[128] Revenue Breakdown - Revenue from licensed financial services was HKD 44,017 thousand, down 40% from HKD 72,861 thousand year-on-year[32] - Revenue from financial advisory and investment management services was HKD 32,340 thousand, a decline of 50% compared to HKD 64,888 thousand in the previous year[32] - Revenue from family office services was approximately HKD 20.5 million during the reporting period[109] - The lending services segment reported revenue of approximately HKD 6.0 million, down from HKD 8.3 million for the same period in 2023, while segment profit increased to HKD 3.5 million from HKD 2.6 million[104] - The apparel business segment reported revenue of approximately HKD 1.8 million, down from HKD 2.6 million for the same period in 2023, with a segment loss of HKD 1.7 million[105] - The company’s margin from its licensed financial services decreased from approximately HKD 78.4 million to about HKD 48.5 million due to macroeconomic reversals and geopolitical uncertainties[101] Expenses - The company’s total expenses for the six months ended September 30, 2024, were HKD 83,465 thousand, down from HKD 104,038 thousand in the same period last year[35] - Employee benefits expenses increased to HKD 29,242 thousand, up 31% from HKD 22,253 thousand year-on-year[37] - Financial costs increased by approximately 283.6% to about HKD 23.4 million, up from HKD 6.1 million for the six months ended September 30, 2023[119] - General and administrative expenses increased by approximately 28.5% to about HKD 63.1 million, compared to HKD 49.1 million for the six months ended September 30, 2023[118] Strategic Initiatives - The company continues to focus on expanding its financial services and investment management offerings, targeting high-net-worth families and corporate clients[11] - The group completed the acquisition of the remaining 55% stake in Derlin Family Office (Hong Kong) on November 28, 2023, which provides family office services to ultra-high-net-worth families[25] - The company plans to continue expanding its licensed financial services despite challenges from international conflicts and market events[96] - The company aims to expand its capital market activities and investor base through Derlin Securities, which will continue to serve its growing corporate client base[147] - The Derlin Digital Family Office will develop additional asset management products to cater to an expanding investor group[147] Shareholder Information - The company did not recommend an interim dividend for the six months ended September 30, 2024, and 2023[44] - The board does not recommend an interim dividend for the six months ending September 30, 2024, consistent with no dividend for the same period in 2023[162] - The company successfully placed 64,370,000 shares at a price of HKD 3.50 per share, raising approximately HKD 225.2 million net of expenses[93] - The board has decided to reallocate approximately HKD 5 million of the unutilized net proceeds from the placement for investment opportunities[175] Risk Management and Governance - The audit committee, established on September 22, 2015, oversees the financial reporting system and risk management[178] - The audit committee consists of three independent non-executive directors, ensuring no conflicts of interest with previous auditors[180] - The financial statements for the reporting period were reviewed by the audit committee and prepared in accordance with Hong Kong Accounting Standards[180]

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，概不就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。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 德林控股集團有限公司 董事會召開日期 德林控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將 於2024年11月27日（星期三）舉行董事會會議，藉以（其中包括）考慮及批准本公司及 其附屬公司截至2024年9月30日止六個月之未經審核業績及其刊發以及考慮宣派中 期股息（如有）。 承董事會命 於本公告日期，執行董事為陳寧迪先生、郎世杰先生、艾奎宇先生及賀之穎女士； 非執行董事為陳昆先生、陳冠樺先生及王軼丁先生；及獨立非執行董事為張世澤 先生、陳政璉先生、劉春先生及李曉霄先生。 主席、行政總裁兼執行董事 陳寧迪 香港，2024年11月14日 ...

德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 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，概不就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。 DL HOLDINGS GROUP LIMITED 於股東特別大會日期，已發行股份為1,548,692,877股，其中66,100,488股股份由本公 司持作庫存股份。除上文所披露者外，於股東特別大會日期，(a)本公司並無持有庫 存股份（包括於中央結算系統持有或存入的任何庫存股份），且並無庫存股份的投 票權於股東特別大會上獲行使；及(b)本公司並無購回有待註銷的股份。因此，賦 予股東權利出席股東特別大會並於會上投票贊成或反對提呈決議案的股份總數為 1,482,592,389股股份，佔本公司已發行股本約95.73%。 除上文所披露者外，(i)根據上市規則，概無股東須於股東特別大會上放棄投票；(ii) 概無股份賦予股東權利出席股東特別大會惟須根據上市規則第13.40條於會上就提 呈決議案放棄投贊成票 ...

Financial Performance - The company achieved a turnaround with total revenue exceeding HKD 200 million and net profit reaching HKD 99.9 million for the 2023/2024 fiscal year[18]. - The group recorded a revenue increase of approximately 5.9%, from about HKD 191.1 million for the year ended March 31, 2023, to approximately HKD 202.4 million for the year ended March 31, 2024[23]. - Gross profit rose by approximately 27.1%, from about HKD 102.6 million to approximately HKD 130.5 million during the same period[23]. - The company reported a net profit of HKD 99,903,000 for the year ending March 31, 2024, compared to a loss of HKD 49,177,000 in the previous year[183]. - The company’s total comprehensive income for the year was HKD 99,772,000, compared to a total comprehensive loss of HKD 49,466,000 in the previous year[179]. - Basic earnings per share for the year was HKD 7.17, a recovery from a loss per share of HKD 3.52 in 2023[179]. Dividends and Shareholder Returns - A dividend of HKD 30.06 million will be distributed, marking three consecutive years of dividends and an approximate 80% increase in market value over three years[18]. - The company proposed a final cash dividend of HKD 1.98 per share, totaling approximately HKD 30,063,000, to be paid on or around October 9, 2024, pending shareholder approval[114]. Business Strategy and Expansion - The company aims to build the largest asset management platform in the Asia-Pacific region centered on global asset allocation[18]. - The company has strategically positioned itself in key financial centers, including the United States, Singapore, and Tokyo, with future plans for expansion into Europe, Dubai, New York, and the Cayman Islands[19]. - The group plans to continue expanding its financial services segment, aiming to become a leading asset management and financial services platform focused on family offices in the Asia-Pacific region[35]. - The group is committed to leveraging advanced mathematical calculations and models to enhance investment decision-making processes[21]. Asset Management and Financial Services - The company has accumulated approximately USD 3 billion in assets under management, demonstrating the stability and robustness of its family office services[20]. - The financial services segment generated revenue of approximately HKD 151.0 million, an increase from about HKD 136.9 million in the previous year[25]. - The investment management services generated service fees of approximately HKD 58.1 million, up from about HKD 18.7 million in the previous year[24]. - The insurance brokerage services generated service fees of approximately HKD 14.31 million, compared to about HKD 7.5 million in the previous year[25]. Challenges and Risks - The group anticipates ongoing challenges in the overall business environment due to global economic uncertainties and high interest rates[35]. - The expected credit loss provision for receivables and interest increased to approximately HKD 7.2 million from HKD 2.3 million in the previous year, reflecting a rise in anticipated credit losses[28]. - The company faces various financial risks, including market risks (foreign exchange, cash flow interest rate, and price risks), credit risks, and liquidity risks[115]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and regularly reviews its practices to ensure compliance[79]. - The board of directors includes experienced individuals, ensuring a balanced power structure and effective decision-making[79]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the standards set forth in the listing rules[80]. - The company has established internal control systems to provide reasonable assurance against material misstatements in financial reporting[102]. Employee and Management Structure - The management team includes experienced executives with over 20 years in global finance, enhancing the company's strategic direction[67][68][69]. - The group employed a total of 66 and 85 full-time employees as of March 31, 2023, and 2024, respectively, with total employee benefit expenses of approximately HKD 58.7 million and HKD 54.7 million for the respective years[61]. - The company has a diverse board composition, including independent directors with significant industry experience[78]. Acquisitions and Investments - The group acquired the remaining 55% equity of Delin Family Office (Hong Kong) to further expand its financial services business[23]. - The acquisition of Delin Family Office (Hong Kong) Limited resulted in the recognition of intangible assets valued at HKD 86,997,000 and goodwill of HKD 207,033,000[172]. - The company completed the acquisition of approximately 45.0% of the issued share capital of Derlin Family Office Hong Kong on January 17, 2023, and subsequently agreed to acquire an additional 55.0% for HKD 220.0 million[55]. Financial Position and Liquidity - As of March 31, 2024, the group's net current assets amounted to approximately HKD 255.6 million, an increase from HKD 240.4 million as of March 31, 2023[48]. - The current ratio improved to approximately 1.75 as of March 31, 2024, compared to about 1.58 as of March 31, 2023[48]. - The group’s debt-to-equity ratio rose from approximately 40.0% as of March 31, 2023, to about 58.9% as of March 31, 2024[49]. Environmental and Social Responsibility - The group actively seeks to minimize its environmental impact through energy-saving and resource recycling initiatives[63]. - The company emphasizes the importance of workforce diversity and aims to increase the proportion of female employees when suitable candidates are identified[100]. Shareholder Communication - The company emphasizes the importance of active communication with shareholders and has established multiple channels for transparency, including annual reports and announcements on its website[110]. - Shareholders can request a special general meeting if they hold at least 10% of the voting rights, and the meeting must be held within two months of the request[107].

Financial Performance - The total revenue for the year ended March 31, 2024, was HKD 202,353,000, representing a 5.8% increase from HKD 191,116,000 in the previous year[2]. - Gross profit increased to HKD 130,457,000, up 27.1% from HKD 102,640,000 year-on-year[2]. - The net profit for the year was HKD 99,903,000, compared to a loss of HKD 49,177,000 in the previous year, indicating a significant turnaround[3]. - The company reported a significant increase in other income to HKD 99,343,000, compared to a loss of HKD 37,669,000 in the previous year[2]. - The earnings per share (EPS) for the year was HKD 7.17, compared to a loss per share of HKD 3.52 in the previous year[3]. - Reportable segment profit was HKD 47,647,000, compared to a loss of HKD 43,759,000 in the previous year, indicating a significant turnaround[16][17]. - The company reported a net fair value gain of HKD 8,118,000 from financial assets measured at fair value through profit or loss[16]. - The company reported a profit attributable to shareholders of HKD 99,903,000 for 2024, compared to a loss of HKD 49,177,000 in 2023, marking a significant turnaround[35]. Assets and Liabilities - The company's total assets as of March 31, 2024, were HKD 1,076,432,000, an increase from HKD 894,686,000 in the previous year[4]. - The net asset value increased to HKD 520,965,000 from HKD 435,748,000, reflecting a growth of 19.5%[5]. - The total liabilities decreased to HKD 342,354,000 from HKD 417,548,000, showing improved financial stability[4]. - The company’s cash and cash equivalents decreased to HKD 39,842,000 from HKD 83,504,000, indicating a reduction in liquidity[4]. Revenue Streams - Revenue from licensed financial services reached HKD 140,574,000, up 13.9% from HKD 123,399,000 in 2023[15]. - The family office services segment generated HKD 16,172,000 in revenue, marking its first contribution as it was acquired during the fiscal year[14]. - Revenue from clothing product sales significantly decreased to HKD 1,006,000, down 95.3% from HKD 21,616,000 in the previous year[14]. - Interest income from lending services was HKD 14,056,000, a decline of 15.5% compared to HKD 16,656,000 in 2023[14]. - The company reported a 92.5% increase in revenue from insurance brokerage services, reaching HKD 14,318,000 compared to HKD 7,486,000 in the previous year[15]. - The enterprise solutions service segment generated HKD 16,342,000, a slight increase from HKD 15,280,000 in 2023[14]. Acquisitions and Investments - The company acquired 55% of Derlin Family Office Hong Kong for HKD 220,000,000, completing the acquisition on November 28, 2023, making it a wholly-owned subsidiary[61]. - The goodwill generated from the acquisition of Derlin Family Office Hong Kong is approximately HKD 207,033,000, which includes expected synergies and future market development benefits[62]. - The company acquired 100% of Derlin Anrui for HKD 15,500,000, completed on October 18, 2022, expanding into the insurance brokerage business[66]. - The company completed the acquisition of a 27.06% stake in Carmel Reserve LLC for $5,000,000, valuing the company at approximately $35,000,000 post-transaction[100]. Financial Strategy and Future Plans - The company plans to continue expanding its financial services and product offerings to enhance market presence and profitability[6]. - The company plans to continue expanding its family office services and enhance its investment management offerings in the upcoming fiscal year[14]. - The company plans to focus on market expansion and new product development to drive future growth[16]. - The group plans to continue expanding its financial services segment, which is a major contributor to gross profit, aiming to become a leading asset management and financial services platform focused on family offices in the Asia-Pacific region[81]. - The group aims to develop new asset management products to cater to an expanding investor base, moving beyond ultra-high-net-worth families to a broader range of investors[82]. Credit and Risk Management - The company has a credit risk assessment process that categorizes loans into three stages based on credit risk changes since initial recognition[50]. - The expected credit loss provision for loans increased to HKD 7,630,000 in 2024 from HKD 2,136,000 in 2023, reflecting a significant rise of 257.5%[46]. - The group will regularly review and amend its credit policies to adapt to current market conditions and legal requirements[78]. - The group is actively monitoring repayment situations to ensure timely repayment of principal and interest by customers[77]. Corporate Governance and Compliance - The company has adhered to all corporate governance codes and standards throughout the year ending March 31, 2024[112]. - The company confirmed compliance with all relevant laws and regulations in Hong Kong during the reporting period[115]. - The company maintains a strong governance structure, with a commitment to high standards of corporate governance[112]. Employee and Operational Insights - The company employed a total of 85 full-time employees as of March 31, 2024, with total employee benefit expenses amounting to approximately HKD 54.7 million[106]. - The company emphasizes the importance of its employees as valuable assets and adheres strictly to labor laws while regularly reviewing employee benefits[117]. - General and administrative expenses increased to approximately HKD 111.1 million, up from HKD 96.0 million for the year ended March 31, 2023, representing a growth of approximately 15.7% due to increased consultancy, legal, and professional fees[91].