卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話 : (852) 2980 1333 傳真 : (852) 2810 8185 由二零二五年一月一日起, 有關本公司之股份過戶及登記手續將由卓佳證券登記有限 公司辦理。 於二零二四年十二月三十一日下午四時三十分後仍未領取之股票, 可於二 零二五年一月二日起從卓佳證券登記有限公司領取。 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佈的內容概不負責，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佈全部或任何部分內 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。 CHINA FINANCIAL LEASING GROUP LIMITED 中 國 金 融 租 賃 集 團 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：2312） 更改香港股份過戶登記處 中國金融租賃集團有限公司(「本公司」) 董事會宣佈自二零二五年一月一日起, 本公司 之香港股份過戶登記處將更改為: - 承董事會命 中國金融租賃集團有限公司 執行董事 呂卓恒 香港, 二零二四年十一月二十日 於本公告日期，本公司董事會包括執行董事呂 ...

執行董事 呂卓恒 CHINA FINANCIAL LEASING GROUP LIMITED 中 國 金 融 租 賃 集 團 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：2312） 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，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 資產淨值 於二零二四年十月三十一日，本集團未經審核每股資產淨值約為 0.22 港元。 代表董事會 中國金融租賃集團有限公司 香港，二零二四年十一月十四日 於本公告日期，本公司董事會包括執行董事呂卓恒先生及趙德偉先生；及獨立非執行董事 許一安先生、陳柏楠先生及劉健成博士 。 * 僅供識別 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$360,353,000, compared to HK$360,000,000 for the same period in 2023, reflecting a slight increase [2]. - The net loss for the period attributable to owners of the Company was HK$8,679,000, compared to a loss of HK$3,618,000 in the previous year, indicating a significant increase in losses [3]. - Basic and diluted loss per share increased to 2.67 HK cents from 2.01 HK cents year-over-year [3]. - The Group reported a loss before income tax of approximately HK$8,679,000 for the six months ended June 30, 2024, compared to a loss of HK$3,618,000 in 2023 [26]. - Basic loss per share for the period was approximately HK$0.0268, based on a weighted average number of shares of 324,543,979 [26]. Assets and Equity - Total assets less current liabilities as of June 30, 2024, were HK$71,201,000, up from HK$60,170,000 at the end of 2023 [6]. - Net current assets increased to HK$70,634,000 from HK$60,110,000, showing improved liquidity [6]. - The Company reported a total equity of HK$70,995,000 as of June 30, 2024, compared to HK$60,170,000 at the end of 2023 [6]. - The fair value of listed equity securities held for trading increased to HK$68,338,000 as of June 30, 2024, from HK$58,951,000 as of December 31, 2023 [31]. - As of June 30, 2024, the net asset value is approximately HK$70,995,000, an increase from HK$60,170,000 as of December 31, 2023, resulting in a net asset value per share of approximately HK cents 20.47, down from HK cents 33.36 [39]. Cash Flow - For the six months ended June 30, 2024, the net decrease in cash from operating activities was HK$18,392,000, compared to a decrease of HK$4,750,000 for the same period in 2023, indicating a significant decline in operational cash flow [9]. - The net increase in cash from financing activities was HK$19,788,000 for the first half of 2024, contrasting with a slight decrease of HK$131,000 in the previous year, suggesting improved financing conditions [9]. - Cash and cash equivalents at the end of the period increased to HK$2,560,000 from HK$1,179,000 at the beginning of the period, reflecting a net increase of HK$1,381,000 [9]. - The cash and cash equivalents at the end of June 30, 2023, were HK$18,041,000, showing a decrease compared to the current period, which indicates a shift in liquidity management [9]. Financial Management - The finance costs decreased slightly to HK$7,000 from HK$9,000, reflecting better cost management [2]. - The Company has not reported any income tax expense for the period [2]. - No provision for Hong Kong profits tax has been made as there is no estimated assessable profit for the six months ended June 30, 2024 [24]. - The Group had unused tax losses of approximately HK$374,935,000 available for offset against future profits as of June 30, 2024 [24]. Share Capital and Rights Issue - The Company issued shares during the rights issue, increasing share capital to HK$13,876,000 from HK$6,938,000 [8]. - The company issued a total of 173,448,741 rights shares at HK$0.12 each, raising gross proceeds of approximately HK$20,813,000 and net proceeds of approximately HK$19,503,000, with a net price of approximately HK$0.11 per rights share [36]. - Approximately 93.33% of the net proceeds from the rights issue, amounting to HK$18.2 million, will be used for investments in listed and unlisted securities [100]. Market Conditions - The Hang Seng Index (HSI) experienced a significant rally in April 2024, surging over 3,000 points within a month, reaching a high of 19,706 on May 20 [50]. - The HSI closed at 17,718, reflecting a gain of 671 points or 3.9%, while the Hang Seng Tech Index fell by 209 points or 5.6% [51]. - The performance of the HSI lagged behind other major indices, with the S&P 500 and Nikkei 225 gaining 14.5% and 18.3%, respectively [51]. - The market turnover for the first half of 2024 remained relatively light due to negative sentiment and concerns over the Chinese economic growth [48]. - The lack of effective policies to revive the economy contributed to a challenging market environment, with the HSI dropping to a low of 14,794 in late January 2024 [48]. Future Outlook - The Group will monitor the mainland economy closely, as consumer spending and confidence are crucial for performance recovery [52]. - Continuous share buybacks from selective blue chips are expected to support the Hong Kong stock market despite low valuations [52]. - The upcoming U.S. presidential elections in November may impact the economic landscape and current anti-China policies [52]. Corporate Governance - The Company has adopted the Corporate Governance Code and was in compliance with its provisions during the six months ended June 30, 2024 [116]. - The Audit Committee, comprising three independent non-executive Directors, reviewed the unaudited condensed interim financial statements for the six months ended June 30, 2024 [116]. - The Company confirmed adherence to the standards set out in the Securities Trading Code during the six months ended June 30, 2024 [115].

[Financial Summary](index=1&type=section&id=Financial%20Summary) [Consolidated Performance](index=1&type=section&id=Consolidated%20Performance) For the six months ended June 30, 2024, the Group reported stable revenue of HKD 0.36 million, but a net loss of HKD 7.45 million from financial assets led to a 140% increase in the period's loss to HKD 8.68 million, while net assets grew to HKD 71.0 million Consolidated Statement of Profit or Loss Highlights | Indicator | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Revenue | 0.36 million HKD | 0.353 million HKD | | Net Loss from Financial Assets at Fair Value Through Profit or Loss | (7.447) million HKD | (2.376) million HKD | | Loss for the Period Attributable to Owners of the Company | (8.679) million HKD | (3.618) million HKD | | Basic Loss Per Share | 2.67 HK cents | 2.01 HK cents | Consolidated Statement of Financial Position Highlights | Indicator | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Total Assets | 71.491 million HKD | 60.636 million HKD | | Net Assets | 70.995 million HKD | 60.170 million HKD | | Net Asset Value Per Share | 20.47 HK cents | 33.36 HK cents | [Dividends](index=7&type=section&id=Dividends) The Board resolved not to declare an interim dividend for the six months ended June 30, 2024, consistent with the prior period's policy - The Board resolved not to declare an interim dividend for the six months ended June 30, 2024[17](index=17&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=Management%20Discussion%20and%20Analysis) [Market Environment and Outlook](index=8&type=section&id=Market%20Environment%20and%20Outlook) Management noted the volatile Hong Kong stock market in H1 2024, with the Hang Seng Index rebounding in mid-April due to policy support before slowing, and anticipates H2 performance will depend on mainland China's economy, US interest rate policy, and the US presidential election, while the Group maintains a strong, debt-free financial position to pursue investment opportunities - The Hong Kong stock market experienced significant volatility in the first half of 2024, with the Hang Seng Index rebounding sharply in mid-April following guidance from China's State Council, though the momentum was not sustained[19](index=19&type=chunk) - Management identifies key factors for second-half market performance as mainland China's economic performance, the US Federal Reserve's interest rate policy, and the outcome of the US presidential election[19](index=19&type=chunk)[20](index=20&type=chunk) - The Group maintains a very robust financial position with no debt and will continue to closely monitor market changes to explore investment opportunities[20](index=20&type=chunk) [Operational and Financial Review](index=9&type=section&id=Operational%20and%20Financial%20Review) The Group recorded a loss of approximately HKD 8.68 million for the period, primarily due to a net loss from financial assets at fair value through profit or loss, with its core business remaining investment in listed and unlisted securities for capital appreciation, and the total fair value of the investment portfolio increasing to approximately HKD 68.34 million at period-end - For the six months ended June 30, 2024, the Group recorded a loss of approximately **HKD 8.68 million** (2023: loss of HKD 3.62 million), primarily due to fair value losses on financial assets[21](index=21&type=chunk) - As of June 30, 2024, the total fair value of the Group's investment portfolio was approximately **HKD 68.34 million**, an increase from HKD 58.59 million at the end of 2023[22](index=22&type=chunk) - During the period, realized gains from financial assets amounted to approximately **HKD 1.42 million**, while unrealized losses were approximately **HKD 8.87 million**[22](index=22&type=chunk) [Investment Portfolio Analysis](index=10&type=section&id=Investment%20Portfolio%20Analysis) As of June 30, 2024, the Group's investment portfolio, entirely comprising listed securities with a total fair value of HKD 68.34 million, recorded a net fair value loss of HKD 7.45 million for the period, with key holdings like government green bonds, China Energy Storage, and China Mobile reflecting a diversified strategy, and management provided detailed insights into their fundamentals [Overview of Major Investments](index=10&type=section&id=Overview%20of%20Major%20Investments) Major Investment Holdings as of June 30, 2024 | Investment (Stock Code) | Fair Value (thousand HKD) | Percentage of Investment Portfolio | | :--- | :--- | :--- | | Government Green Bonds (4252) | 9,910 | 13.96% | | China Energy Storage (1143) | 6,570 | 9.25% | | Zhongtian Construction (2433) | 5,124 | 7.22% | | Kerry Logistics Network (2130) | 4,949 | 6.97% | | Meta Education (1087) | 3,932 | 5.54% | | China Mobile (0941) | 3,850 | 5.42% | | Other Listed Investments | 21,488 | 30.26% | | **Total** | **68,338** | **96.24%** | - As of June 30, 2024, the Group held no unlisted investments[24](index=24&type=chunk) [Analysis of Key Holdings](index=11&type=section&id=Analysis%20of%20Key%20Holdings) - **Government Green Bonds (4252):** The Investment Committee considers them an effective diversification tool with good liquidity and competitive interest returns[25](index=25&type=chunk) - **China Energy Storage (1143):** The company turned profitable in FY2023, and the Investment Committee is optimistic about its profitability in green low-carbon development and energy storage businesses[26](index=26&type=chunk) - **Zhongtian Construction (2433):** Despite a challenging real estate market, its core business revenue and gross profit margin remained stable, with prudent financial management[27](index=27&type=chunk) - **China Mobile (0941):** The company achieved record performance, with a high dividend payout ratio expected to further increase to **75%**, making it a core holding in the investment portfolio[31](index=31&type=chunk) - **China Hanking (3788):** The company returned to profitability in 2023, with promising prospects for its gold mining business, aiming to become a gold producer within three years[35](index=35&type=chunk) [Liquidity and Capital Structure](index=17&type=section&id=Liquidity%20and%20Capital%20Structure) At period-end, the Group held bank and cash balances of approximately HKD 2.56 million with no interest-bearing liabilities, resulting in a zero debt-to-asset ratio; regarding capital structure, the company completed a rights issue in February 2024, issuing approximately 173 million shares and raising net proceeds of approximately HKD 19.5 million, primarily for investments and general working capital, effectively strengthening its capital base - As of June 30, 2024, the Group's bank and cash balances were approximately **HKD 2.56 million**, with no interest-bearing liabilities or borrowings[38](index=38&type=chunk) - The company completed a rights issue on February 20, 2024, raising net proceeds of approximately **HKD 19.5 million**[39](index=39&type=chunk) - Approximately **HKD 18.2 million (93.33%)** of the rights issue proceeds were used for investments, and approximately **HKD 1.3 million (6.67%)** for general working capital[40](index=40&type=chunk) [Corporate Governance and Other Information](index=18&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Substantial Shareholders](index=19&type=section&id=Substantial%20Shareholders) As per public disclosure, as of June 30, 2024, Mr. Lam Shu Song and his spouse Ms. Choi Hing Lin collectively held **27.59%** of the company's shares, making them the largest shareholders, while Capital Strategic Investment Limited (Stock Code: 2324) indirectly held **7.37%** through its wholly-owned subsidiary Substantial Shareholders as of June 30, 2024 | Shareholder Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Lam Shu Song | Beneficial Owner | 95,706,441 | 27.59% | | Ms. Choi Hing Lin | Interest of Spouse | 95,706,441 | 27.59% | | Capital Strategic Investment Limited | Interest in Controlled Corporation | 25,556,574 | 7.37% | [Corporate Governance Practices](index=20&type=section&id=Corporate%20Governance%20Practices) The company has adopted and complied with the Corporate Governance Code set out in the Listing Rules during the reporting period, and its Audit Committee, comprising three independent non-executive directors, has reviewed the unaudited interim financial statements for the period - The Board believes that the company has complied with the code provisions of the Corporate Governance Code for the six months ended June 30, 2024[52](index=52&type=chunk) - The Audit Committee, composed of three independent non-executive directors, has reviewed the Group's unaudited condensed interim financial statements[53](index=53&type=chunk) [Post-Reporting Period Events](index=18&type=section&id=Post-Reporting%20Period%20Events) From the period-end (June 30, 2024) to the approval date of the interim results, the Group's financial assets generated approximately HKD 2.53 million in realized gains and approximately HKD 6.66 million in unrealized losses - Between June 30, 2024, and the approval date of the interim results, the Group's financial assets generated realized gains of approximately **HKD 2.534 million** and unrealized losses of approximately **HKD 6.655 million**[41](index=41&type=chunk)

Market Performance - In 2023, the Hong Kong IPO market saw only 68 successful listings, raising approximately HKD 46 billion, a significant decline of 56% compared to 2022[8]. - The Hang Seng Index (HSI) dropped 13.8% to close at 17,047, while the Hang Seng Tech Index fell 8.8% to 3,764, reflecting a challenging investment environment[17]. - The performance of the Hong Kong stock market in 2023 was notably poor compared to other markets, with significant capital outflows to regions like Japan and India[17]. - The economic outlook remains challenging due to ongoing sell-offs in the Hong Kong and China stock markets, with investor confidence at a historical low[13]. Economic Growth - The China economy grew by 5.2% in 2023, meeting government targets but falling short of market expectations for a stronger recovery post-COVID[9]. - The Central Government's stimulative economic policies had a short-lived positive impact, with consumer confidence remaining weak throughout the year[9]. Investment Strategy and Performance - The Group's investment strategy focuses on short to medium-term capital appreciation through a diversified portfolio of listed and unlisted securities[16]. - The Group recorded a net fair value loss on listed investments of approximately HKD 4,951,000 for the year ended December 31, 2023[17]. - The Group reported a loss for the year of approximately HK$7,967,000, significantly reduced from HK$20,502,000 in 2022, primarily due to operating expenses and equity investment losses[23][25]. - The Group maintains a sound financial position with liquid investments in its portfolio, positioning itself to capture future investment opportunities[13]. - The Group plans to maintain appropriate investment strategies and continuously monitor market changes to optimize its investment portfolio[21][24]. Financial Results - As of December 31, 2023, the carrying value of the Group's listed equity investments was approximately HK$58,951,000, an increase from HK$45,913,000 in 2022[22][25]. - The Group recorded sales proceeds from disposals of trading listed equity securities of approximately HK$99,688,000 for the year ended December 31, 2023, compared to HK$57,553,000 in 2022[23][25]. - The realized losses on financial assets at FVTPL for the year ended December 31, 2023, were approximately HK$7,165,000, down from HK$10,396,000 in 2022[23][25]. - The unrealized gains for the same period were approximately HK$2,214,000, compared to unrealized losses of HK$5,648,000 in 2022[23][25]. Corporate Governance - The company has adopted the corporate governance code as per the Listing Rules and has complied with most provisions, except for the separation of the roles of Chairman and CEO[129]. - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, ensuring strong independence[138]. - Three out of the five Directors are independent non-executive Directors, exceeding the requirement that at least one-third of the Board must be independent[147]. - The company has established mechanisms to ensure independent views and input are available to the Board, which will be reviewed annually[149]. - The independent non-executive Directors possess extensive experience in various fields, providing strong support for the Board's responsibilities[145]. Employee and Director Compensation - Total employee benefits expenses (excluding Directors' emoluments) were approximately HK$722,000, a decrease from HK$838,000 in 2022[97]. - Directors' emoluments for the year ended December 31, 2023, were approximately HK$1,107,000, compared to HK$963,000 in 2022[97]. - The Group's remuneration policy is reviewed annually, and employees are compensated based on performance, experience, and market practices[97]. Risk Factors - External macro factors, including high geopolitical risks and a sluggish mainland economy, are identified as major risks affecting the investment market[21][24]. - The Hong Kong and China stock markets are considered technically oversold but lack positive stimulus for recovery[21][24]. Shareholder Engagement - Shareholders holding not less than one-tenth of the paid-up capital may requisition a general meeting, with specific procedures outlined for submission[199]. - If the Board does not convene a general meeting within twenty-one days of a requisition, the requisitionist may convene the meeting themselves[200].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 758,155,000, compared to HKD 155,000,000 in 2022, representing a significant increase[3]. - The operating loss for the year was HKD 7,952,000, a reduction from the operating loss of HKD 20,481,000 in the previous year, indicating improved operational efficiency[3]. - The net loss attributable to the owners of the company for the year was HKD 7,967,000, down from HKD 20,502,000 in 2022, reflecting a 61% improvement[3]. - The basic and diluted loss per share for the year was HKD 4.40, compared to HKD 11.32 in the previous year, showing a reduction in loss per share[4]. - The group recorded a net loss attributable to shareholders of approximately HKD 7,967,000 for the year ended December 31, 2023, compared to a loss of HKD 20,502,000 in 2022, representing a significant improvement[32]. - The group’s operating expenses and losses from equity investments were the primary contributors to the annual loss[45]. Asset and Equity Position - Total assets less current liabilities amounted to HKD 60,170,000, down from HKD 68,230,000 in 2022, indicating a decrease in net asset value[6]. - The net asset value attributable to the owners of the company was HKD 60,170,000, compared to HKD 68,137,000 in the previous year, reflecting a decline in equity[6]. - The group’s total assets amounted to approximately HKD 60,170,000 as of December 31, 2023, down from HKD 68,137,000 in 2022[37]. - The company maintained cash and cash equivalents of approximately HKD 1,179,000 as of December 31, 2023, down from HKD 22,933,000 in 2022[68]. Revenue Sources - Dividend income for 2023 was HKD 473,000, up from HKD 150,000 in 2022, indicating a year-over-year increase of 215.3%[25]. - Interest income from bank deposits rose to HKD 239,000 in 2023, compared to HKD 5,000 in 2022, reflecting a substantial increase of 4,680%[25]. - The total proceeds from the sale of securities amounted to approximately HKD 99,688,000 in 2023, compared to HKD 57,553,000 in 2022, marking an increase of 73.4%[25]. - The group recognized other income of HKD 22,000 in 2023, which includes government grants and brokerage commission rebates, compared to no other income in 2022[28]. Investment Strategy - The company continues to focus on diversifying its investment portfolio in listed and unlisted securities for capital appreciation[7]. - The group identified only one operating segment, which is investment in listed and unlisted securities, with no significant revenue from regions outside Hong Kong[27]. - The group plans to continue optimizing its investment portfolio and implementing risk management policies to enhance shareholder returns amid external macroeconomic uncertainties[43]. - The company is actively exploring investment opportunities to broaden its revenue base and enhance future financial performance and profitability[64]. Financial Reporting and Standards - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are effective after January 1, 2023, and expects no significant impact on the consolidated financial statements[23]. - The group has adopted the revised Hong Kong Accounting Standard 12, which had no significant impact on the financial position and performance for the year[17]. - The group anticipates that the implementation of the revised accounting standards will not have a material effect on the consolidated financial statements in the foreseeable future[24]. Shareholder Information - The total number of issued shares is 173,448,741, with a par value of HKD 0.04 per share[70]. - The company completed a rights issue on February 20, 2024, issuing 173,448,741 shares at a net price of approximately HKD 0.11 per share, raising total proceeds of about HKD 20,860,000[74]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[82]. Employee and Operational Costs - The total employee benefits expense for the year ended December 31, 2023, was approximately HKD 722,000, a decrease from HKD 838,000 in 2022[76]. - Financial costs related to lease liabilities decreased to HKD 15,000 in 2023 from HKD 21,000 in 2022, showing a reduction of 28.6%[28]. Market and Economic Conditions - The company noted that despite a challenging economic environment, it continues to secure government contracts due to its strong track record and multiple licenses[57]. - The company plans to integrate VR, augmented reality, and artificial intelligence into its services to expand its market reach and improve educational support[60].

Financial Performance - Revenue for the six months ended 30 June 2023 was HK$353,000, compared to HK$43,000 for the same period in 2022, representing an increase of 720.93%[5]. - Net loss on financial assets at fair value through profit or loss improved to HK$2,376,000 from HK$9,130,000, a reduction of 73.93%[5]. - Loss from operations decreased to HK$3,609,000 from HK$11,048,000, reflecting a 67.24% improvement[6]. - Loss attributable to owners of the Company for the period was HK$3,618,000, down from HK$11,055,000, indicating a 67.24% reduction[6]. - The company reported a total comprehensive income loss of HK$3,618,000 for the six months ended June 30, 2023, compared to a loss of HK$20,502,000 for the entire year of 2022[14]. - For the six months ended June 30, 2023, the loss before income tax was approximately HK$3,618,000, a decrease from HK$11,055,000 for the same period in 2022, representing a reduction of about 67.24%[54][57]. - Basic loss per share for the period was approximately HK$0.0208, compared to HK$0.0638 for the same period in 2022, reflecting a decrease of about 67.24%[54][57]. - The Group recorded a loss of approximately HK$3,618,000, compared to a loss of HK$11,055,000 in 2022[100]. Assets and Liabilities - Total assets less current liabilities as of 30 June 2023 were HK$64,519,000, compared to HK$68,230,000 at the end of 2022, a decrease of 5.03%[10]. - Net assets as of 30 June 2023 were HK$64,519,000, down from HK$68,137,000, representing a decline of 5.03%[12]. - Current assets as of 30 June 2023 totaled HK$64,678,000, down from HK$68,871,000, a decrease of 6.43%[10]. - As of June 30, 2023, total equity decreased to HK$64,519,000 from HK$68,137,000 at the end of 2022, reflecting a decline of approximately 3.8%[14]. - The accumulated losses as of June 30, 2023, were HK$298,687,000, slightly improved from HK$295,069,000 at the end of 2022[14]. - The Group had net assets of approximately HK$64,519,000 as of June 30, 2023, compared to HK$68,137,000 as of December 31, 2022[162]. - The Group had no interest-bearing liabilities, resulting in a gearing ratio of zero[162]. Cash Flow - The net decrease in cash from operating activities for the six months ended June 30, 2023, was HK$4,750,000, an improvement from a net decrease of HK$10,790,000 in the same period of 2022[16]. - Cash and cash equivalents at the end of the period were HK$18,041,000, compared to HK$10,188,000 at the end of June 30, 2022, indicating a year-over-year increase of approximately 77.5%[16]. - As of June 30, 2023, the Group maintained bank and cash balances of approximately HK$18,041,000, down from HK$22,933,000 as of December 31, 2022[161]. Share Capital and Equity - The capital reduction resulted in a decrease of HK$43,940,000 in share capital, with total comprehensive income for the year reflecting a loss of HK$20,502,000[14]. - The company issued shares during the rights issue, resulting in an increase of HK$43,940,000 in share capital[14]. - The total number of issued shares remained at 173,448,741 as of June 30, 2023[165]. - The share consolidation became effective on September 21, 2022, with 115,632,494 consolidated shares issued on October 27, 2022[171]. Investments - The gross proceeds from trading of listed equity securities for the period amounted to approximately HK$58,186,000, an increase from HK$49,347,000 in 2022, reflecting a growth of about 15%[38]. - The realized gains on financial assets at fair value through profit or loss for the six months ended June 30, 2023, were approximately HK$3,806,000, compared to realized losses of HK$10,517,000 in 2022, indicating a turnaround in performance[38]. - The unrealized losses on financial assets at fair value through profit or loss for the same period were approximately HK$6,182,000, compared to unrealized gains of HK$1,387,000 in 2022, highlighting volatility in the market[38]. - The total fair value of the Group's investments as of June 30, 2023, was approximately HK$46,612,000, an increase from HK$45,913,000 as of December 31, 2022[101]. - The total cost of investments was HK$76,474,000, with a fair value of HK$46,612,000, representing a 72.24% of the group's net assets[107]. - The total unrealized loss from all investments amounted to HK$8,998,000 for the six months ended June 30, 2023[107]. Taxation - The Group had unused tax losses of approximately HK$361,936,000 as of June 30, 2023, slightly down from HK$363,390,000 at the end of 2022, indicating a decrease of about 0.4%[52][56]. - The Group did not recognize any deferred tax assets related to the unused tax losses due to the unpredictability of future profit streams[52][56]. - There were no provisions made for Hong Kong profits tax for the six months ended June 30, 2023, as there was no estimated assessable profit, consistent with the previous year[51][56]. Management and Governance - The company adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a material effect on the financial statements[23]. - The company has maintained the same accounting policies as in the 2022 annual consolidated financial statements, with some expected changes to be reflected in the 2023 annual financial statements[18]. - The Group did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[89]. - The board of Directors resolved not to declare an interim dividend for the six months ended June 30, 2023[187]. Market Conditions - The Hang Seng Index (HSI) dropped 4.4% to close at 18,916, while the Hang Seng Tech Index fell 5.3% to 3,911 during the first half of 2023[95]. - The Hong Kong stock market was one of the worst-performing financial markets globally in the first half of 2023, with sluggish turnover figures[93]. - The performance of the Chinese economy is expected to be a key factor influencing local market performance in the second half of 2023[96]. Other Income - Other income for the six months ended June 30, 2023, totaled HK$20,000, compared to HK$16,000 in 2022, showing a slight increase[45]. - The group received dividends totaling HK$96,000 from its investments during the six months ended June 30, 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，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA FINANCIAL LEASING GROUP LIMITED 中 國 金 融 租 賃 集 團 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：2312） 截至二零二三年六月三十日止六個月之 中期業績 中期業績 中國金融租賃集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明 綜合業績。未經審核簡明綜合中期財務報表並未經由本公司之核數師審核，但已經 由本公司審核委員會審閱。 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至 截至 二零二三年 二零二二年 六月三十日 六月三十日 止六個月 止六個月 （未經審核） （未經審核） ...

Economic Performance - In 2022, China's GDP grew by 3%, missing the official target of 5.5%[10] - The Hang Seng Index dropped from 23,397 at the end of 2021 to 14,687 at the end of October 2022, a decrease of 37.2%[20] - The S&P 500 index fell by 24.8% during the first nine months of 2022[20] - The investment environment in 2022 was challenging due to factors such as the Omicron variant, US rate hikes, and a sluggish mainland economy[9] Property Market Challenges - The mainland property market faced a credit crunch, leading to significant asset liquidations and anticipated losses for many companies in the sector[14] - The debt crisis in the mainland property industry significantly impacted cash inflows and led to difficulties in debt repayment for many firms[14] Company Financial Position - The company reported a strengthened financial position, enabling continued investment in a diversified portfolio of listed and unlisted securities[19] - As of December 31, 2022, the carrying value of the Group's listed equity investments was approximately HK$45,913,000, up from HK$25,764,000 in 2021[25][28] - The Group recorded sales proceeds from disposals of trading listed equity securities of approximately HK$57,553,000 for the year ended December 31, 2022, compared to HK$22,457,000 in 2021[26][28] - The Group's loss for the year was approximately HK$20,502,000, significantly reduced from HK$51,597,000 in 2021, primarily due to operating expenses and equity investments losses[26][28] Investment Strategy - The company aims to explore new investment opportunities to enhance shareholder returns as it continues its prudent investment approach[15] - The company focuses on short to medium-term capital appreciation through a diversified investment strategy[19] - The Group aims to enhance investment returns for shareholders by exploring both listed and unlisted investment opportunities[24][27] Market Outlook - The outlook for 2023 suggests continued market volatility, with a focus on identifying undervalued sectors and stocks[24][27] - The market experienced a significant rebound in late 2022, with the Hang Seng Index rallying approximately 5,000 points during November and December[23][24] Corporate Governance - The Group is committed to maintaining good corporate governance standards to enhance shareholder value[133] - The company emphasizes sustainable growth and development to create value for stakeholders[143] - The Board consists of four Directors, including one executive Director and three independent non-executive Directors, ensuring strong independence[146] Board and Committee Activities - The Board held 13 meetings during the year ended December 31, 2022, reviewing operational and financial performance, and approving annual and interim results[165] - The Audit Committee conducted 3 meetings, reviewing the Group's unaudited interim results for the six months ended June 30, 2022, and audited annual results for the year ended December 31, 2021[178] - The Nomination Committee, established on December 21, 2011, is responsible for reviewing the Board's structure, size, and composition, and ensuring a balance of skills and experience[181] Employee and Gender Diversity - The employee gender ratio of the Group as of December 31, 2022, is 50:50, reflecting the company's commitment to gender diversity across all levels[196] - The company aims to appoint at least one director of a different gender by December 31, 2024, to enhance gender diversity on the Board[191] Financial Reporting and Audit - The Audit Committee oversees the Group's financial reporting system and internal control procedures, ensuring compliance with relevant regulations[197] - The remuneration paid to the Company's auditor for audit services was 0.355 million, and for non-audit services, it was 0.150 million[199]

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$43,000, a decrease of 51.6% compared to HK$88,000 for the same period in 2021[3] - Loss from operations for the six months ended June 30, 2022, was HK$11,048,000, significantly improved from a loss of HK$29,364,000 in the same period of 2021, representing a reduction of 62.4%[4] - Loss before income tax for the six months ended June 30, 2022, was HK$11,055,000, down from HK$29,589,000 in the previous year, indicating a 62.7% improvement[4] - Loss for the period attributable to owners of the Company was HK$11,055,000, compared to HK$29,589,000 for the same period in 2021, reflecting a 62.7% decrease[4] - Administrative expenses for the six months ended June 30, 2022, were HK$1,978,000, a reduction from HK$2,353,000 in the same period of 2021, indicating a decrease of 15.9%[4] - For the six months ended June 30, 2022, the Group recorded a loss of approximately HK$11,055,000, a decrease from HK$29,589,000 in the same period of 2021[83] Assets and Liabilities - Net current assets as of June 30, 2022, were HK$35,127,000, down from HK$46,358,000 at the end of 2021, a decrease of 24.0%[6] - Total assets less current liabilities as of June 30, 2022, were HK$35,695,000, compared to HK$46,522,000 at the end of 2021, representing a decline of 23.4%[6] - Net assets as of June 30, 2022, were HK$35,466,000, down from HK$46,522,000 at the end of 2021, a decrease of 23.7%[7] - Share capital remained unchanged at HK$46,253,000 as of June 30, 2022[7] - Net asset value per share decreased to 15.34 HK cents as of June 30, 2022, from 20.12 HK cents at the end of 2021, a decline of 23.5%[7] Cash Flow - For the six months ended June 30, 2022, the net decrease in cash from operating activities was HK$10,790,000, compared to a decrease of HK$1,536,000 for the same period in 2021[11] - The cash and cash equivalents at the end of the period were HK$10,188,000, down from HK$14,794,000 at the end of the same period in 2021, representing a decrease of approximately 31.4%[11] - The cash flow from financing activities showed a net decrease of HK$137,000 in the first half of 2022, contrasting with a net increase of HK$16,216,000 in the same period of 2021[11] - The cash and cash equivalents at the beginning of the period were HK$21,125,000, compared to HK$120,000 at the beginning of the same period in 2021, indicating a substantial increase[11] Investments - Revenue from trading of listed equity securities for the period amounted to approximately HK$49,347,000, significantly up from HK$3,195,000 in 2021, indicating an increase of approximately 1435%[26] - The realised losses on financial assets at fair value through profit or loss for the six months ended June 30, 2022 were approximately HK$10,517,000, compared to HK$2,328,000 in 2021, reflecting an increase of approximately 352%[26] - The unrealised gains on financial assets at fair value through profit or loss were approximately HK$1,387,000 for the six months ended June 30, 2022, compared to an unrealised loss of HK$24,771,000 in 2021, indicating a significant turnaround[26] - The Group has identified only one operating segment, which is investment in listed and unlisted securities, with no separate analysis of segment information by business segment presented[29] Taxation and Grants - The Group reported government grants of HK$16,000 for the six months ended June 30, 2022, compared to none in the previous year[34] - As of June 30, 2022, the Group had unused tax losses of approximately HK$354,855,000, an increase from HK$347,292,000 as of December 31, 2021, indicating a growth of about 2.3%[38][40] - The Group did not recognize any deferred tax assets for the unused tax losses due to the unpredictability of future profit streams[38][40] - There were no significant deferred tax liabilities reported as of June 30, 2022, consistent with the previous year[39][41] Share Capital and Structure - The Group's issued and fully paid ordinary shares remained at 231,264,988 shares as of June 30, 2022, with a total share capital of HK$46,253,000[58] - The company completed a placement agreement on April 23, 2021, issuing 385,000,000 shares at HK$0.047 per share, raising approximately HK$18,100,000 in total proceeds[60] - The company proposed a capital reduction on January 27, 2022, reducing the par value of each issued share from HK$0.20 to HK$0.01 by canceling HK$0.19 per issued share, resulting in a new share structure[183] - The capital reduction, share premium reduction, and subdivision became effective on July 25, 2022, following the court's confirmation[185] - The authorized share capital remained at HK$300 million, with the number of authorized shares increasing from 1.5 billion to 30 billion after the capital reduction[188] Market Conditions - The ongoing geopolitical tensions and inflation fears have created a challenging investment environment, affecting various asset classes[77] - The Hang Seng Index dropped to an intraday low of 18,235 in mid-March 2022, closing at around 21,859 at the end of June, reflecting a 6.6% decline from the end of 2021[77] - The S&P index experienced a 20.6% drop in the first half of 2022, indicating significant weakness in the US stock market[77] - The Group's investment environment was negatively impacted by global factors, including the ongoing Russia-Ukraine conflict and inflation concerns in the US, leading to a 20.6% decline in the S&P 500 index in the first half of 2022[78] Employee and Management Compensation - As of June 30, 2022, the group had 2 employees, with total salaries (excluding directors' remuneration) for the six months ended being approximately HK$428,000, down from HK$669,000 in 2021[199] - The remuneration for key management personnel decreased to HK$492,000 for the six months ended June 30, 2022, from HK$953,000 in the same period of 2021[66]