Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 18,625,000, a decrease of 8.8% from HKD 20,425,000 in the same period of 2020[43] - Gross profit for the same period was HKD 16,164,000, down from HKD 18,018,000, reflecting a decline of 10.3%[43] - Operating loss for the six months was HKD 7,470,000, significantly improved from a loss of HKD 28,796,000 in the prior year, indicating a reduction of 74.0%[43] - Loss before tax was HKD 7,714,000, compared to HKD 29,917,000 in the previous year, marking a decrease of 74.2%[43] - Net loss for the period was HKD 9,245,000, down from HKD 31,614,000, representing a 70.8% improvement[43] - The company reported a total segment loss of HKD 8,534,000 for the first half of 2021, compared to a loss of HKD 30,589,000 in the same period of 2020[82] - The company reported a loss attributable to shareholders of HKD 9,245,000 for the six months ended June 30, 2021, compared to a loss of HKD 31,614,000 for the same period in 2020, representing a 70.8% improvement in losses[98] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 1,436,161,000, a slight decrease from HKD 1,455,549,000 at the end of 2020[46] - Total liabilities decreased to HKD 106,977,000 from HKD 117,120,000, reflecting a reduction of 8.7%[50] - The company's equity attributable to owners was HKD 1,329,184,000, down from HKD 1,338,429,000, a decrease of 0.8%[50] - Total segment assets as of June 30, 2021, amounted to HKD 1,359,360,000, with office property assets at HKD 879,874,000[84] - Total liabilities as of June 30, 2021, were HKD 106,977,000, with segment liabilities of HKD 17,231,000[84] Cash Flow and Management - Cash and bank balances increased to HKD 79,078,000 from HKD 78,063,000, showing a growth of 1.3%[46] - Operating cash flow for the six months ended June 30, 2021, was HKD 10,482,000, compared to HKD 8,384,000 for the same period in 2020, representing a 25.0% increase[56] - Net cash from operating activities was HKD 10,482,000, while cash used in financing activities was HKD (10,399,000), showing a significant reduction in cash outflow compared to HKD (18,699,000) in the previous year[56] - The group repaid borrowings amounting to HKD (10,155,000), a significant decrease from HKD (49,373,000) in the previous year, indicating improved cash management[56] - The group did not receive any new borrowings during the current period, contrasting with HKD 30,700,000 received in the same period last year[56] Revenue Sources - Office property rental income decreased to HKD 10,449,000, down 18.9% from HKD 12,882,000 year-on-year[72] - Retail property rental income increased to HKD 6,389,000, up 17.7% from HKD 5,429,000 in the previous year[72] - Property management fee income was HKD 6,224,000, a decrease of 9.0% from HKD 6,842,000 in the same period last year[72] - For the six months ended June 30, 2021, the group recorded rental income of approximately HKD 16.8 million, a decrease from HKD 18.3 million in 2020, with 62.1% from office properties and 37.9% from retail properties[142] Investment and Future Plans - The company plans to continue focusing on property management and rental services to enhance revenue streams moving forward[74] - The group aims to explore investment opportunities in financial services and technology to diversify revenue sources and reduce reliance on a single geographic market[144] - The company plans to utilize the remaining unutilized proceeds for acquiring new investment properties by December 31, 2021[162] - The company has allocated HKD 194.0 million for various purposes, including HKD 174.6 million for new investment properties and HKD 9.7 million for enhancing property management services[162] Compliance and Governance - The company has established an audit committee to review the interim results for the six months ended June 30, 2021[183] - The company confirms compliance with all relevant provisions of the corporate governance code as of June 30, 2021[181]

Financial Performance - The company recorded rental income of approximately HKD 36.5 million for the year ended December 31, 2020, a decrease from HKD 38.3 million in 2019, representing a decline of about 4.7%[15] - Property management fee income was approximately HKD 4.2 million, down from HKD 5.7 million in 2019, accounting for about 10.3% of total revenue, compared to 12.9% in the previous year[15] - For the year ended December 31, 2020, the company recorded a loss of approximately HKD 79.8 million, compared to a loss of approximately HKD 185.9 million for the year ended December 31, 2019, primarily due to a fair value loss of investment properties of about HKD 101.8 million[34] - The company’s revenue for the year ended December 31, 2020, was approximately HKD 40.7 million, a decrease of 7.37% from HKD 43.9 million in 2019[39] - The gross profit for the year ended December 31, 2020, was approximately HKD 35.8 million, compared to HKD 38.3 million in 2019, reflecting a decrease of 6.50%[40] - The total value of the company's investment property portfolio as of December 31, 2020, was approximately HKD 1,363.3 million, down from HKD 1,395.8 million in 2019, with 63.3% from office and retail properties located on Hong Kong Island[37] Market Conditions and Strategy - The company anticipates continued volatility in the property market and will cautiously assess potential investment opportunities[16] - The ongoing COVID-19 pandemic has led to a general slowdown in business activities in Hong Kong, impacting various industries, including retail and dining[16] - The company plans to monitor global economic conditions closely and adjust rental policies accordingly to minimize impacts[16] - The company aims to maintain performance in Hong Kong while seeking quality properties in China and other international cities to mitigate risks associated with reliance on a single geographic market[16] - The company is also exploring investment opportunities in the financial sector, including financial investments and technology services, to diversify revenue sources[16] Management and Governance - The company has a strong management team with diverse backgrounds in finance, law, and property management, enhancing its operational capabilities[30] - The group has been actively involved in market expansion and investment property management, indicating a strategic focus on growth[32] - The company emphasizes compliance and corporate governance, with a company secretary having over 20 years of experience in related matters[32] - The investment committee plays a crucial role in overseeing the company's investment strategies and property management operations[32] - The board of directors includes members with extensive experience in finance and corporate governance, ensuring sound decision-making[30] Risk Management - The company faces risks related to market rental fluctuations and tenant competition, which could impact cash flow and liquidity if rental income levels are not maintained[137] - The board is responsible for maintaining effective risk management and internal control systems to protect shareholder investments and company assets[122] - The company has adopted a risk management policy aimed at ensuring stable business growth and addressing business-related risks proactively[123] - The board has established a framework for risk management procedures and ensures compliance with relevant regulations[125] - The company’s operations are susceptible to sudden outbreaks of infectious diseases, which could negatively impact the economic environment and operational performance[138] Shareholder Relations and Communication - The company maintains open communication with shareholders and regularly discloses information regarding its performance[114] - The company’s annual and interim results are communicated to shareholders through reports and announcements published on the stock exchange website[115] - The board has confirmed that the group has sufficient resources to continue operations for the foreseeable future, adopting the going concern basis for preparing financial statements[120] Employee and Corporate Social Responsibility - The company is committed to environmental protection through measures such as energy conservation and encouraging recycling of office supplies[142] - The company maintains good relationships with employees, customers, and suppliers, focusing on providing quality service and consumer experience[145] Related Party Transactions - The independent non-executive directors confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[169] - The external auditor provided an unqualified opinion on the group's related party transactions, confirming compliance with the listing rules[171] - The company has disclosed related party transactions in accordance with the listing rules, ensuring transparency[173] Financial Commitments and Proceeds - The company plans to utilize unspent IPO proceeds for acquiring new investment properties by December 31, 2021[49] - The net proceeds from the global offering amounted to approximately HKD 194.0 million, with HKD 119.5 million utilized by December 31, 2020[61] - As of December 31, 2020, the company had utilized HKD 100.1 million for acquiring new investment properties, with an expected remaining amount of HKD 74.5 million to be utilized by December 31, 2021[62]

Financial Performance - Revenue for the six months ended June 30, 2020, was HKD 20,425,000, a decrease of 4.83% compared to HKD 21,459,000 for the same period in 2019[49]. - Gross profit for the same period was HKD 18,018,000, down from HKD 18,683,000, reflecting a decline of 3.54%[49]. - Operating loss decreased to HKD 28,796,000 from HKD 59,294,000, representing a reduction of 51.40%[49]. - Loss before tax improved to HKD 29,917,000 compared to HKD 62,597,000 in the previous year, a decrease of 52.24%[49]. - Net loss for the period was HKD 31,614,000, significantly lower than HKD 63,764,000 in the prior year, marking a 50.51% improvement[49]. - The company reported a net loss of HKD 31,614 million for the first half of 2020, compared to a loss of HKD 63,764 million in the same period of 2019[86]. - The group recorded a loss of approximately HKD 31.6 million for the six months ended June 30, 2020, compared to a loss of HKD 63.8 million for the same period in 2019, primarily due to a fair value loss of investment properties of about HKD 42.8 million[160]. Assets and Liabilities - Total assets as of June 30, 2020, were HKD 1,515,435,000, a decrease from HKD 1,566,737,000 at the end of 2019[53]. - Non-current assets increased to HKD 1,422,313,000 from HKD 1,395,823,000, reflecting a growth of 1.89%[53]. - Current assets totaled HKD 1,433,840,000, slightly up from HKD 1,413,529,000, indicating a 1.43% increase[53]. - Total liabilities decreased to HKD 128,808,000 from HKD 148,496,000, a reduction of 13.25%[56]. - The company's equity attributable to owners decreased to HKD 1,386,627,000 from HKD 1,418,241,000, a decline of 2.23%[56]. - Total assets as of June 30, 2020, amounted to HKD 1,515,435 million, with total liabilities of HKD 128,808 million[87]. - The company’s total segment assets were HKD 1,438,549 million, with office property assets valued at HKD 934,269 million[87]. Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2020, was HKD 10,283,000, a decrease of 8.2% from HKD 11,196,000 in 2019[62]. - Net cash from operating activities was HKD 8,384,000, down 12.3% from HKD 9,560,000 in the previous year[62]. - Cash and cash equivalents decreased by HKD 802,000, ending at HKD 3,761,000 compared to HKD 110,815,000 at the end of June 2019[62]. - The net cash from investing activities was HKD 9,513,000, significantly lower than HKD 151,337,000 in the same period last year, primarily due to the purchase of investment properties amounting to HKD 63,108,000[62]. - The company incurred a financing cash outflow of HKD 18,699,000, compared to HKD 53,400,000 in the previous year, reflecting a reduction in loan repayments[62]. - Total cash and bank balances stood at HKD 78,931,000, down from HKD 254,515,000 in the previous year[62]. - The company received HKD 30,700,000 from borrowings during the period, with no borrowings reported in the previous year[62]. - The group’s long-term loans outstanding as of June 30, 2020, were approximately HKD 109.5 million, due in July 2021[168]. Revenue Sources - Office property rental income was HKD 12,882 million, slightly down from HKD 12,933 million in 2019, representing a decrease of 0.4%[86]. - Retail property rental income decreased to HKD 5,429 million from HKD 5,774 million, a decline of 6.0%[86]. - Property management fee income was HKD 6,842 million, down from HKD 7,572 million, reflecting a decrease of 9.7%[86]. - Rental income for the six months ended June 30, 2020, was approximately HKD 18.3 million, a slight decrease from HKD 18.7 million in 2019, with 70.4% coming from office properties and 29.6% from retail properties[161]. - The group’s property management fee income was approximately HKD 2.1 million, accounting for about 10.4% of total revenue for the six months ended June 30, 2020, down from 12.8% in 2019[161]. Tax and Government Support - The company paid HKD 1,899,000 in Hong Kong profits tax, an increase from HKD 1,636,000 in 2019[62]. - The company received government subsidies of HKD 162,000 from the Hong Kong government's employment support scheme to maintain employment during the COVID-19 pandemic[92]. - The company plans to maintain employment until at least August 31, 2020, as a condition of receiving government support[92]. Shareholder and Management Information - Major shareholder Wang Congde holds 75.0% of the issued share capital of the group[190][195]. - The company’s management compensation totaled HKD 2,280,000 for the six months ended June 30, 2020, down from HKD 2,599,000 for the same period in 2019, a decrease of approximately 12.3%[152]. - The group employed 18 staff members as of June 30, 2020, down from 19 in 2019, with a compensation policy including discretionary bonuses based on performance[180]. Future Plans and Considerations - The group plans to cautiously evaluate potential investment opportunities in the property market while seeking quality properties in Hong Kong, China, and other international cities to mitigate risks associated with reliance on a single geographic market[163]. - The group plans to utilize the unutilized proceeds for acquiring new investment properties by December 31, 2021[185]. - The company is currently evaluating the potential impact of new accounting standards and revisions, with no significant impact expected on financial performance[69]. - The group will continue to monitor global economic conditions closely and adjust rental policies accordingly to minimize impacts on performance[163]. Dividends and Stock Options - The company did not declare or pay any dividends for the six months ended June 30, 2020[110]. - No interim dividend was declared for the six months ended June 30, 2020, compared to none in 2019[171]. - The company has adopted a stock option plan to provide additional incentives to selected participants, recognizing their contributions to the group's performance[197]. - No stock options have been granted under the stock option plan from the adoption date to the report date[198].

Financial Performance - The group recorded rental income of approximately HKD 38.3 million and property management fee income of approximately HKD 5.7 million for the year ended December 31, 2019[38]. - The gross profit for the year was approximately HKD 38.3 million, while the net loss attributable to owners for the year was approximately HKD 185.9 million[38]. - The group achieved a net profit of approximately HKD 22.1 million, excluding changes in the fair value of investment properties[38]. - The company recorded a loss of approximately HKD 185.9 million for the year ended December 31, 2019, compared to a profit of approximately HKD 50.5 million for the year ended December 31, 2018, primarily due to a fair value loss of investment properties of about HKD 208.0 million[58]. - Rental income for the year ended December 31, 2019, was approximately HKD 38.3 million, an increase from HKD 36.1 million in 2018, with 70.0% of this income coming from office properties[59]. - The company’s property management fee income was approximately HKD 5.7 million for the year ended December 31, 2019, representing 12.9% of total revenue, up from 12.4% in 2018[59]. - The company’s revenue for the year ended December 31, 2019, was approximately HKD 43.96 million, a 6.74% increase from HKD 41.19 million in 2018[63]. - The gross profit for the year ended December 31, 2019, was approximately HKD 38.3 million, compared to HKD 35.2 million in 2018, reflecting an 8.71% increase[64]. - The company reported a distributable reserve of approximately HKD 362,302,000 as of December 31, 2019, compared to HKD 355,215,000 in 2018, reflecting a year-on-year increase of about 2.4%[175]. Economic Outlook - The group expects its performance to be inevitably affected by the ongoing economic uncertainties, including the impact of COVID-19[39]. - The property market is expected to remain volatile, and the group will cautiously evaluate investment opportunities[40]. - The group aims to maintain performance in Hong Kong while seeking quality properties in Hong Kong, China, and other international cities to mitigate risks associated with reliance on a single geographic market[40]. - The company’s performance is significantly influenced by the economic conditions and real estate market in Hong Kong, which may affect its business outlook[163]. - Any decline in the demand for properties in Hong Kong could adversely impact the company’s financial condition and operational performance[163]. Investment Strategy - The group plans to explore investment opportunities in the financial sector, including financial services and technology, to diversify revenue sources[40]. - The group will closely monitor market changes and make appropriate strategic adjustments to its asset portfolio to minimize the impact of global economic instability[40]. - The company has a structured investment committee to oversee its investment activities[56]. Management and Governance - The company has a strong focus on managing investment property leasing, marketing, and tenant relations[56]. - The management team includes professionals with diverse backgrounds in finance, law, and property management[53]. - The company is committed to maintaining compliance and corporate governance with over 21 years of experience in related matters[56]. - The board of directors includes members with extensive experience in corporate strategy and operational management[48]. - The company has adopted a board diversity policy to enhance its strategic goals and sustainable development[98]. - The board consists of six members, including two executive directors and three independent non-executive directors, ensuring a balanced skill set[93]. - The company has complied with all relevant corporate governance codes as of December 31, 2019[90]. - The company plans to hold at least four board meetings annually, approximately once per quarter[102]. - The company has established an audit committee to oversee compliance with legal and regulatory requirements[122]. - The audit committee consists of three members, all of whom attended 100% of the meetings held[124]. - The company maintains open communication with shareholders and provides reasonable information disclosure[137]. Risk Management - The board is responsible for the effectiveness of the risk management and internal control systems, which aim to manage risks rather than eliminate them[145]. - The company has adopted a risk management policy to ensure stable business growth and proactively address business-related risks[145]. - The risk management framework includes identifying, assessing, quantifying, and mitigating significant risks to ensure adequate risk management systems[146]. - The audit committee is aware of the existing risk management and internal control systems and will conduct an annual review[126]. Employee Relations - The company values its employees as key assets and aims to create a supportive environment for their personal development[166]. - The company has a discretionary bonus scheme based on operational performance and individual contributions for eligible employees[81]. - The company has established a stock option plan for its employees[81]. - The company had 19 employees as of December 31, 2019, an increase from 18 employees in 2018[81]. Related Party Transactions - The board confirmed that the ongoing related party transactions were conducted on normal commercial terms and in the best interest of shareholders[187]. - Significant related party transactions conducted during the normal course of business are detailed in the consolidated financial statements, complying with Listing Rule 14A[197]. - The company has received a loan financing of up to HKD 1,000,000,000 from its controlling shareholder, with terms including an unsecured revolving loan of up to HKD 400,000,000 at a rate of HIBOR plus 0.4% and up to HKD 600,000,000 at HIBOR plus 2.0%[193]. - The loan financing agreement was extended from October 25, 2019, to October 25, 2020, maintaining all other principal terms unchanged[194]. - The loan financing qualifies for exemption under Listing Rule 14A.90, as it is made on normal commercial terms and does not involve the group's assets as collateral[196]. Compliance and Legal Matters - The company has engaged a professional company secretary service provider to assist in compliance and adapt to changing regulatory environments[128]. - There were no significant violations of laws and regulations that impacted the company’s business operations during the review period[165]. - The total fees paid to the auditor, PricewaterhouseCoopers, for the year ended December 31, 2019, amounted to HKD 1,373,000, including HKD 1,173,000 for audit services and HKD 200,000 for non-audit services[127].

Financial Performance - Total revenue for the six months ended June 30, 2019, was HKD 21,459,000, representing an increase of 1.67% compared to HKD 21,106,000 in the same period of 2018[46] - Gross profit for the same period was HKD 18,683,000, up from HKD 18,071,000, indicating a gross margin improvement[46] - Other income and net gains increased significantly to HKD 3,856,000 from HKD 1,863,000, reflecting a growth of 106.4%[46] - The company reported a loss before tax of HKD 62,597,000, compared to a profit of HKD 83,948,000 in the previous year, marking a substantial decline[46] - Basic and diluted loss per share was HKD (8.86), a decrease from earnings of HKD 11.65 per share in the prior year[46] - The company reported a net loss for the period of HKD 63,764,000, compared to the previous year's performance[84] - The company reported a loss attributable to owners of HKD 63,764,000 for the six months ended June 30, 2019, compared to a profit of HKD 82,176,000 in the same period of 2018[102] Assets and Liabilities - Total assets as of June 30, 2019, were HKD 1,797,237,000, down from HKD 1,912,440,000 at the end of 2018[49] - Total liabilities decreased to HKD 256,863,000 from HKD 308,302,000, indicating a reduction of 16.7%[52] - The company's equity attributable to owners decreased to HKD 1,540,374,000 from HKD 1,604,138,000, reflecting a decline of 3.97%[49] - The total segment assets as of June 30, 2019, amounted to HKD 1,797,237,000[84] - Total liabilities as of the same date were HKD 256,863,000, with allocated liabilities of HKD 15,693,000 for the retail property segment[84] Cash Flow and Investments - Cash and bank balances increased to HKD 254,515,000 from HKD 158,318,000, showing a growth of 60.7%[49] - Operating cash flow for the six months ended June 30, 2019, was HKD 9,560,000, a significant increase from HKD 1,236,000 in the same period of 2018, representing a growth of 675%[58] - Net cash generated from investing activities was HKD 151,337,000, compared to a net cash used of HKD 214,266,000 in the previous year, indicating a turnaround in investment performance[58] - The company reported a cash and cash equivalents balance of HKD 110,815,000 at the end of the period, up from HKD 10,695,000 at the end of June 2018, marking a substantial increase of 935%[58] - The total cash and bank balance, after deducting bank deposits with original maturities over three months, was HKD 254,515,000, compared to HKD 225,695,000 in the previous year, reflecting a growth of 12.8%[58] Operational Strategy - The company plans to focus on enhancing operational efficiency and exploring new market opportunities to improve future performance[46] - The company continues to evaluate its operational segments based on the nature of services provided, focusing on rental and property management[77] - The group plans to adopt a conservative approach in evaluating investment properties due to ongoing market instability[153] - The group aims to explore quality properties in Hong Kong, China, and other international cities to mitigate risks associated with reliance on a single market[153] - The group will closely monitor market changes and make strategic adjustments to its asset portfolio to reduce the impact of global economic instability[153] Corporate Governance - The company has adopted the corporate governance code as outlined in Appendix 14 of the listing rules[187] - The board believes that the company has complied with all relevant provisions of the corporate governance code as of June 30, 2019[188] - The audit committee has been established and consists of three members, with Ms. Chan as the chairperson[190] Employee and Management Information - The group had 18 employees as of June 30, 2019, with no changes in headcount from December 31, 2018[168] - The company has adopted a cautious financial management strategy to maintain a robust liquidity position throughout the review period[158]

Financial Performance - Rental income for the year ended December 31, 2018, was approximately HKD 36.1 million, with property management fee income of about HKD 5.1 million[14] - The gross profit for the year was approximately HKD 35.2 million, and the profit attributable to owners of the company was around HKD 50.5 million[14] - For the year ended December 31, 2018, the group recorded rental income of approximately HKD 36.1 million, a decrease of 10.94% from HKD 41.3 million in 2017[34] - Revenue for the year ended December 31, 2018, was approximately HKD 41.2 million, down from HKD 46.2 million in 2017, representing a decrease of about HKD 5 million[38] - The group reported a net profit attributable to shareholders of approximately HKD 11.4 million for the year ended December 31, 2018, a decrease of 47.96% from HKD 21.96 million in 2017[38] - The property management fee income for the year was approximately HKD 5.1 million, accounting for 12.4% of total revenue, up from 10.6% in 2017[34] Investment Strategy - The company is actively seeking quality properties in Hong Kong, China, and other international cities to diversify revenue sources and reduce reliance on a single market[14] - The company plans to expand its property investment activities outside Hong Kong, with a total of up to HKD 1 billion in unsecured revolving loan financing from a subsidiary[35] - The investment property portfolio includes prime office buildings in core business districts and retail shops in superior urban locations[14] Market Outlook - The company anticipates several instabilities in the property investment market over the next two to three years due to potential economic slowdowns[14] - The company’s operations are sensitive to the economic conditions in Hong Kong, which could adversely affect its business performance and financial results[132] Corporate Governance - The company has confirmed compliance with the corporate governance code since its listing date[60] - The board includes members with significant contributions to social causes, reflecting the company's commitment to corporate social responsibility[21] - The company has established governance policies to monitor compliance with legal and regulatory requirements, as well as to review the training and professional development of directors and senior management[92] - The company emphasizes the importance of independent judgment and the ability to dedicate sufficient time and effort to board responsibilities when considering director candidates[84] Management Team - The management team is committed to strategically adjusting the asset portfolio to mitigate the impacts of global economic instability[14] - The company reported a significant increase in property management experience, with over 28 years in Hong Kong's property investment and management sector[21] - The CEO has over 20 years of experience in property investment and management, overseeing financial accounts and tenant agreements[29] - The management team includes professionals with diverse backgrounds, enhancing the company's strategic planning and operational management[29] Risk Management - The company has adopted a risk management policy aimed at ensuring stable business growth and proactively addressing business-related risks[114] - The risk assessment process involves discussions with senior management to identify and evaluate significant risks affecting the company[119] - The board acknowledges its responsibility for the risk management and internal control systems, which are designed to manage rather than eliminate risks[112] Shareholder Relations - The company emphasizes open communication with shareholders and regular information disclosure[106] - The company’s dividend policy will be determined by the board based on profitability, cash flow, financial condition, and other relevant factors[109] - The group did not recommend any dividend payment for the year ended December 31, 2018, consistent with the previous year[45] Financial Position - As of December 31, 2018, the group had cash and bank balances of approximately HKD 158.3 million, significantly up from HKD 14.1 million in 2017[40] - The total value of the investment property portfolio as of December 31, 2018, was approximately HKD 1,735.8 million, an increase of 4.2% from HKD 1,665.7 million in 2017[36] - As of December 31, 2018, the company's distributable reserves amounted to approximately HKD 355,215,000, an increase from HKD 144,114,000 in 2017[145] Related Party Transactions - The company confirmed that the ongoing related party transactions were conducted on normal commercial terms and were in the best interest of shareholders[158] - The annual rental income from the leasing agreement with a related party was capped at HKD 4.8 million for both the years ending December 31, 2018, and December 31, 2019[157] Environmental and Social Responsibility - The company is committed to environmental protection through measures such as energy conservation and recycling[134] - The company has maintained good relationships with employees, customers, and suppliers, focusing on quality service and strategic partnerships[136][137] Audit and Compliance - The audit fee paid to PwC for the year ended December 31, 2018, totaled HKD 1,520,000, which includes HKD 1,320,000 for audit services and HKD 200,000 for non-audit services[96] - The consolidated financial statements for the year ended December 31, 2018, were audited by PricewaterhouseCoopers, with their term expiring at the conclusion of the 2019 annual general meeting[198] Share Options and Securities - The company has adopted a share option scheme to incentivize selected participants, which can issue up to 72,000,000 shares, accounting for 10% of the issued shares as of the report date[182] - No share options have been granted under the share option scheme from the adoption date to the report date[185]