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法律責任。 由法院作出清盤； 委任臨時清盤人；及 繼續暫停買賣 兹提述融科控股集團有限公司（"該公司"）日期為 2025 年 4 月 24 日之公告， 內容有關該公司被提出的清盤呈請。 公司清盤令 該公司於 2025 年 8 月 4 日在 HCCW 235/2025 被香港高等法院頒令清盤， 而破產管理署署長獲委任為該公司的臨時清盤人。 Renco Holdings Group Limited 融科控股集團有限公司 （清盤中） （於百慕達註冊成立之有限公司） （股份代號：2323） 該公司會視乎適當情況發出進一步之公告，將最新消息告知公眾。 該公司股東如對上述淸盤令及繼續暫停買賣的影響有任何疑問，應徵詢適當之專 業意見。 周麗蓮 破產管理署署長暨 融科控股集團有限公司（清盤中） 的臨時清盤人 香港，2025 年 8 月 4 日 根據該公司先前作出的公布所得的資料，在緊接法院針對該公司頒布清盤令之前， 執行董事為李 ...

融科控股(02323)发布公告，自2025年7月31日起，刘斐先生已提请辞任独立非执行董事、审核委员会主 席以及薪酬委员会及提名委员会各自之成员职务;及麦国基先生已提请辞任独立非执行董事、薪酬委员 会主席以及审核委员会、提名委员会及特别调查委员会各自之成员职务。 ...

Renco Holdings Group Limited 科控股集團有限公司 李永軍先生 （主席） 劉傳先生 邢梦瑋女士 （行政總裁） 獨立非執行董事 （於百慕達註冊成立之有限公司） （股份代號：2323） 董事名單與其角色及職能 融科控股集團有限公司董事會（「董事會」）之成員名單乃載列如下： 執行董事 | | 董事會委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | 執行委員會 | | --- | --- | --- | --- | --- | --- | | 董事 | | | | | | | 李永軍先生 | | 不適用 | 不適用 | 不適用 | 不適用 | | 劉傳先生 | | 不適用 | 不適用 | 不適用 | C | | 邢梦瑋女士 | | 不適用 | 不適用 | M | M | | 徐鑫煒先生 | | M | M | C | 不適用 | 附註： C 有關董事會委員會之主席 徐鑫煒先生 董事會已設立四個委員會。下表提供該四個委員會成員資料： M 有關董事會委員會之成員 香港，二零二五年七月三十一日 ...

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之內容概不負責，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 因依賴該等內容而引致之任何損失承擔任何責任。 1 （於百慕達註冊成立之有限公司） （股份代號：2323） 獨立非執行董事辭任； 未能遵守上市規則；及 繼續暫停交易 董事會謹此宣佈，自二零二五年七月三十一日起， 融科控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，自二零二五年七月 三十一日起： 劉先生及麥先生已各自確認，除應付劉先生及麥先生各自之未償付董事酬金外，劉先生及麥 先生各自與董事會間並無意見分歧，且並無有關彼辭任之任何事宜須提請本公司股東（「股 東」）及香港聯合交易所有限公司（「聯交所」）垂注。 董事會謹此機會對劉先生及麥先生於彼等之任期內對本公司作出之貢獻致以謝意。 Renco Holdings Group Limited 科控股集團有限公司 (1) 劉斐先生已提請辭任獨立非執行董事、審核委員會主席以及薪酬委員會及提名委員會 各自之成員職務；及 (2) 麥國基先生已提請辭任獨立非執行董事、薪酬委員會主席以及審核委員 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 2,431,000, compared to a loss of HKD 5,435,000 in the previous year[3]. - The company experienced a net loss of HKD 23,331,000 for the year, a significant improvement from a loss of HKD 376,286,000 in the prior year[4]. - The company reported a loss from continuing operations of HKD 253,005,000 for the year 2024, compared to a loss of HKD 286,918,000 in 2023, indicating an improvement in performance[17]. - Revenue from external customers for continuing operations was HKD 2,431,000 in 2024, recovering from a loss of HKD 5,435,000 in 2023[20]. - The company's annual loss for 2024 was HKD 23,331,000, a significant improvement from a loss of HKD 376,286,000 in 2023, indicating a reduction of approximately 93.8%[26]. - The pre-tax loss for the year was approximately HKD 253.01 million, an improvement from HKD 291.45 million in the previous year[39]. - The loss attributable to the company's owners was approximately HKD 23.33 million, significantly reduced from HKD 376.29 million in the same period last year[39]. - The basic loss per share for the year was approximately HKD 0.88, compared to HKD 14.21 in the previous year[39]. Asset and Liability Management - Total assets decreased to HKD 981,068,000 from HKD 1,707,391,000, reflecting a significant reduction in non-current assets[5]. - Current liabilities decreased to HKD 1,099,115,000 from HKD 1,784,796,000, indicating improved liquidity management[5]. - The company has a net debt of HKD 118,277,000, which is an increase from HKD 104,588,000 in the previous year[6]. - The total assets for continuing operations decreased to HKD 980,147,000 in 2024 from HKD 1,271,439,000 in 2023, reflecting a significant reduction in asset base[18]. - The company’s liabilities for continuing operations increased to HKD 1,099,345,000 in 2024 from HKD 1,047,821,000 in 2023, indicating a rise in financial obligations[18]. - The total liabilities decreased from HKD 1,710,891,000 in 2023 to HKD 1,304,136,000 in 2024, a reduction of about 23.7%[29]. - The company had no trade payables recorded in 2024, compared to HKD 60,459,000 in 2023, indicating a complete elimination of trade payables[30]. Credit and Impairment Management - The expected credit loss provision decreased to HKD 123,300,000 from HKD 216,740,000 year-over-year, indicating improved credit quality[3]. - The impairment loss on investments in associates was HKD 149,100,000 in 2024, indicating challenges in the performance of associated entities[22]. - The impairment loss on investments in associates for 2024 was HKD 149,100,000, while there was no such loss recorded in 2023[25]. - The impairment provision for other receivables increased to HKD 67,300,000 in 2024 from HKD 50,000,000 in 2023, reflecting a rise of 34.6%[28]. - Impairment losses recognized for the year were approximately HKD 272.40 million, an increase from HKD 216.74 million in the previous year, indicating a rise of about 25.7%[84]. Operational Strategy and Future Plans - The company plans to continue its operations in manufacturing and selling various types of printed circuit boards, as well as engaging in securities investment and asset management services[11]. - The company is actively exploring various financing sources, including asset sales and secured financing, to enhance profitability[16]. - The company is focused on identifying new investment and business development opportunities to increase profitability[16]. - The company plans to gradually shift its business focus from debt investments to portfolio and equity investments to achieve short-term returns[85]. - The company intends to recover investment losses from financial assistance and asset restructuring over the next three years[85]. Governance and Compliance - The company confirmed compliance with the corporate governance code as per the listing rules during the year[115]. - The company confirmed that the board members have adhered to the company's trading code throughout the year[116]. - The audit committee reviewed the audited consolidated annual performance and financial statements for the year[122]. - The independent auditor's report indicated a lack of opinion due to significant issues related to the completeness of records from a subsidiary[125]. - A special investigation committee has been established to examine the loan agreements and the responsibilities of the approving directors, effective from January 24, 2025[106]. Legal and Regulatory Matters - The company has engaged legal advisors to investigate the validity of the alleged sale of shares related to its subsidiary, which could significantly impact its financial performance[104]. - The company is taking actions to mitigate risks related to the alleged sale of subsidiaries or assets by reviewing internal control systems and approval processes[138]. - The management expects the removal of the audit opinion reservation by the next fiscal year ending December 31, 2025[139]. Market and Economic Conditions - The group operates in a competitive environment affected by macroeconomic risks, including the US-China trade war and rising labor and production costs[95]. - The group has experienced volatility in the Hong Kong securities market, which may impact the performance of its listed securities investments[96].

Financial Performance - The Group recorded total revenue of approximately HK$133.34 million, a decrease of approximately 2.59% compared to HK$136.89 million for the same period in 2023[24]. - Profit before tax for the Group was approximately HK$25.39 million, a significant improvement from a loss of HK$153.21 million for the same period in 2023, mainly due to a gain on disposal of a subsidiary of approximately HK$83.41 million[25]. - Profit attributable to owners of the Company during the Period was approximately HK$24.79 million, compared to a loss of approximately HK$153.77 million for the corresponding period in 2023[25]. - The treasury investments segment recorded a profit of approximately HK$45.27 million, a turnaround from a loss of HK$133.30 million in the same period last year[30]. - The consolidated profit after taxation was partially offset by provisions for overdue financial assistances and losses from decreased operations in the PCB and treasury investments segments[13]. Market Conditions - The PCB market remained weak in the first quarter, with excess capacity and reduced demand, but showed slight recovery in the second quarter[12]. - There is an optimistic forecast for China's GDP growth in 2024, which could positively impact the PCB market[16]. - The Group's manufacturing segment is facing challenges due to the Sino-US trade war, Ukraine war, and rising labor and production costs, impacting competitiveness[104]. Risk Management and Compliance - The Group aims to enhance risk management and compliance while exploring opportunities in asset management and financial services[16]. - The Group will actively take actions to recover investments affected by global capital market fluctuations, including legal proceedings and debt restructuring[18]. - The Group's credit risk management includes a thorough review process for potential borrowers, assessing their background, creditworthiness, and collateral adequacy[87]. - The Group requires guarantees and/or collaterals with expected realized values exceeding the principal amount of loans or investments to minimize credit risks[90]. Financial Position - As of June 30, 2024, the Group reported a total equity deficit of approximately HK$47.05 million, improved from HK$104.59 million as of December 31, 2023[37]. - The Group's net debts amounted to approximately HK$1,592.95 million as of June 30, 2024, compared to HK$1,483.39 million as of December 31, 2023, resulting in a gearing ratio of 103.04%[37]. - The Group's net current liabilities were approximately HK$841.20 million as of June 30, 2024, down from HK$916.41 million as of December 31, 2023, with a current ratio of 0.49[37]. Borrowing and Debt Management - The Group's secured borrowings amounted to approximately HK$117.83 million as of June 30, 2024, significantly up from HK$16.96 million as of December 31, 2023[42]. - The total carrying amount of loan receivables and note receivables was approximately HK$583.61 million, down from HK$630.14 million as of December 31, 2023, reflecting a decrease of about 7.4%[69]. - The Group is actively working to maximize recovery of financial assistance through restructuring and legal actions against debtors[55]. Legal and Regulatory Matters - The Group has filed for arbitration to recover approximately HK$381.50 million from the Zhonghong Borrower due to breach of agreements, with no further impairment loss recognized during the period[60]. - The management has engaged legal advisors to assess the implications of the court ruling on its operations and financial status[129]. - The audit committee has reviewed and agreed with the audit qualifications regarding the receivables and other payables[146]. Corporate Governance - The Company complied with the Corporate Governance Code throughout the reporting period, except for the absence of independent non-executive Director Mr. Xu Xinwei at the annual general meeting due to other commitments[192]. - The Board and Audit Committee believe the Company's internal control system is effective and adequate as of the report date[167]. - The primary objective is to enhance long-term business returns for shareholders, emphasizing strong financial performance[197]. Employee and Operational Matters - As of June 30, 2024, the Group had 710 employees, a decrease from 752 employees as of December 31, 2023, with total staff costs amounting to approximately HK$40.15 million, down from HK$43.46 million in 2023[113][116]. - The Group's policy encourages subsidiaries to send employees to training related to its business, reflecting a commitment to employee development[113][116]. Future Outlook - The Group aims to recover investment losses from financial assistance and asset restructuring businesses over the next two years and plans to gradually cease significant engagements in these transactions[84]. - The Company intends to transform its business from debt investment to portfolio and equity investments to achieve short-term returns[85]. - The Group plans to obtain a money lender license in Hong Kong to enhance its treasury investments and financial services segments in the future[85].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 133,344,000, a decrease of 2.3% compared to HKD 136,885,000 in the same period of 2023[1] - Gross profit increased to HKD 25,103,000, up 22.6% from HKD 20,486,000 year-on-year[1] - Other income surged to HKD 146,442,000, compared to HKD 2,071,000 in the previous year, indicating a significant increase[1] - The net profit for the period was HKD 24,789,000, a turnaround from a loss of HKD 153,774,000 in the same period last year[2] - Total comprehensive income for the period reached HKD 57,541,000, compared to a loss of HKD 198,565,000 in the previous year[2] - Basic and diluted earnings per share were HKD 0.94, compared to a loss of HKD 5.81 per share in the same period of 2023[2] - The group recorded a net loss of HKD 53,881 for the six months ended June 30, 2024, compared to a net loss of HKD 92,289 in the same period of 2023, reflecting a reduction in losses of about 41.5%[18] - The group reported a profit before tax of approximately HKD 24.79 million, compared to a loss of HKD 153.21 million in the same period of 2023, primarily due to a gain of HKD 83.41 million from the sale of a subsidiary[35] Revenue Breakdown - For the six months ended June 30, 2024, total revenue from external customers was HKD 133,344, a decrease from HKD 136,885 in the same period of 2023, representing a decline of approximately 3.7%[15] - The manufacturing segment generated revenue of HKD 120,853, down from HKD 138,407 in the previous year, indicating a decrease of about 12.6%[17] - Revenue from Europe was HKD 56,112 for the six months ended June 30, 2024, down from HKD 62,765 in the previous year, a decrease of approximately 10.5%[15] - Revenue from the manufacturing segment was approximately HKD 120.85 million, down 12.69% from HKD 138.41 million in the same period of 2023, with a gross margin decrease from 15.94% to 10.44%[36] Assets and Liabilities - Non-current assets totaled HKD 823,143,000 as of June 30, 2024, down from HKD 839,005,000 at the end of 2023[3] - Current liabilities decreased to HKD 1,649,585,000 from HKD 1,784,796,000 at the end of 2023, indicating improved financial management[3] - Cash and cash equivalents were HKD 9,016,000, down from HKD 23,877,000 at the end of 2023, reflecting liquidity challenges[3] - The total liabilities increased to HKD 1,112,425,000 as of June 30, 2024, compared to HKD 1,195,468,000 at the end of 2023, indicating a decrease in overall liabilities[30] - The company's trade receivables as of June 30, 2024, were HKD 141,934,000, a decrease from HKD 150,275,000 at the end of 2023, with an allowance for doubtful debts of HKD 95,508,000[24] Debt and Financing - The company is actively negotiating with lenders for debt restructuring and refinancing to ensure operational funding[6] - The group is actively exploring various financing sources, including asset sales and asset pledges, to enhance profitability[8] - The net debt amounted to approximately HKD 1,592.95 million as of June 30, 2024, up from HKD 1,483.39 million as of December 31, 2023, with a debt-to-equity ratio of 103.04%[41] - The company has approximately HKD 834.90 million in loans due within the next twelve months, reflecting an increase from HKD 812.08 million as of December 31, 2023[43] Impairment and Credit Risk - The group reported a significant impairment loss of HKD 47,677 on receivables for the six months ended June 30, 2024, compared to HKD 61,665 in the same period of 2023, indicating a decrease of about 22.6%[12] - The company recognized impairment losses related to financial assistance of approximately HKD 47.68 million during the period, compared to HKD 61.66 million for the six months ending June 30, 2023[61] - The company anticipates that economic downturns may continue to impact borrowers' repayment capabilities, potentially leading to additional impairment losses[62] - The company has implemented a credit risk management process to assess potential recoverability issues for borrowers[63] Corporate Governance and Future Plans - The company has adhered to the corporate governance code as per the listing rules during the reporting period[110] - The board is committed to enhancing shareholder value through transparency, accountability, and independence[110] - The company aims to improve long-term business returns for shareholders by focusing on strong financial performance[111] - The company is actively pursuing business diversification, including the application of artificial intelligence in telecommunications and the development of smart cities and financial technology[106] Employee and Operational Metrics - As of June 30, 2024, the group had 710 employees, down from 752 employees as of December 31, 2023, with total employee costs amounting to HKD 40.15 million, a decrease from HKD 43.46 million in 2023[75] - The group has significant capital commitments of approximately HKD 38,000 for the purchase of property, plant, and equipment as of June 30, 2024, compared to HKD 33,000 as of December 31, 2023[78] Legal and Compliance Issues - The company’s auditor expressed a qualified opinion regarding the recoverability of receivables amounting to approximately HKD 671,047,000 as of June 30, 2024, and HKD 733,051,000 as of December 31, 2023[84] - The company is in the process of hiring legal advisors and recalculating accrued interest on loans[81] - The company has received a fifth demand letter from the lender indicating the intent to pursue legal action if obligations are not met[79] - The company is working to extend the repayment schedule with the lender[81]

Financial Performance - The Group recorded total revenue of approximately HK$257.69 million for the Year, representing a decrease of approximately 27.55% compared to HK$355.68 million in 2022[32]. - Revenue from the manufacturing segment decreased by approximately 28.67% from HK$368.83 million in 2022 to approximately HK$263.12 million for the Year[40]. - The loss before tax for the Year was approximately HK$375.11 million, a reduction from HK$464.22 million in 2022, primarily due to impairment losses totaling approximately HK$218.16 million[33]. - Loss attributable to owners of the Company amounted to approximately HK$376.29 million, compared to HK$466.14 million in the previous year, with a basic loss per share of approximately 14.21 HK cents[34]. - The treasury investments segment recorded a loss of approximately HK$281.73 million, down from HK$460.05 million in 2022, due to adverse market price changes[42]. Market Conditions and Customer Recovery - The performance of the printed circuit boards (PCBs) segment was lackluster in 2023, with long-time customers facing an unstable business environment[16]. - Moving into Q2 2024, some customers are showing signs of recovery, but uncertainties remain regarding the impact of geopolitical events and EU decisions on electric vehicle production and PCB demand[21]. Strategic Focus and Business Operations - The company plans to focus on improving risk management and compliance while exploring opportunities in asset management and financial services[22]. - The strategic upgrade includes diversifying business operations and enhancing traditional PCB manufacturing, while also exploring new investment opportunities in artificial intelligence and financial technology[23]. - The Group is exploring the option of ceasing regulated financial services activities, including the potential disposal of its remaining 34% shareholding in Renco Investments Limited in the first half of 2024[46]. Financial Position and Liabilities - As of December 31, 2023, the Group's total equity decreased to approximately HK$104.59 million from HK$301.97 million as of December 31, 2022, while net debts increased to approximately HK$1,483.39 million from HK$1,393.98 million, resulting in a gearing ratio of 107.59% compared to 82.19% in the previous year[56]. - The Group's net current liabilities rose to approximately HK$916.41 million as of December 31, 2023, up from HK$348.02 million as of December 31, 2022, with a current ratio of 0.49, down from 0.77[57]. - Current assets decreased to approximately HK$868.39 million as of December 31, 2023, from HK$1,194.09 million as of December 31, 2022[57]. - The Group's total liabilities included loans of approximately HK$16.96 million as of December 31, 2023, down from HK$111.14 million in the previous year[71]. Impairment and Financial Assistance - The Group provided additional impairment of approximately HK$211.55 million for overdue financial assistances during the year, compared to HK$302.51 million in 2022[125]. - The Group aims to maximize recovery of financial assistances through restructuring or legal actions against debtors[126]. - The company recognized an impairment loss of approximately HKD 211.55 million for the year, compared to HKD 302.51 million in the previous year, with HKD 31.89 million related to financial assistance and HKD 179.66 million related to fund subscriptions[189]. Investment Strategy and Opportunities - The Group's investment strategy focuses on acquiring listed securities to enhance financial performance and market presence[79]. - The Group's management anticipates significant market expansion opportunities in the robotics sector due to advancements in artificial intelligence technology[81]. - The Group's investment in SuperRobotics includes 41,666,666 shares (8.23% interest) with a fair value of HK$10,417,000 as of December 31, 2023[78]. Borrower and Loan Management - The total outstanding receivables for financial assistance provided to independent third parties amounted to approximately HK$630.14 million as of December 31, 2023, down from HK$854.75 million in 2022[124][127]. - The top five borrowers accounted for 77.83% of the total loan receivables as of December 31, 2023, with the Zhanjiang Borrower representing 30.48%[184]. - The Group had 16 borrowers of Debt Investments as of December 31, 2023, compared to 17 borrowers as of December 31, 2022[169]. Future Plans and Restructuring - The company plans to gradually cease significant transactions in financial assistance, asset and shareholding restructuring, and fund subscriptions over the next three years[194]. - The company is restructuring its treasury investments and financial services to effectively utilize available financial resources, shifting focus from debt investment to portfolio and equity investments for short-term returns[195]. - The company intends to obtain a money lender license in Hong Kong to enhance its treasury investments and financial services segments in the future[195].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 257,685,000, a decrease of 27.5% compared to HKD 355,682,000 in 2022[3] - The gross profit for the year was HKD 18,221,000, down 43.5% from HKD 32,261,000 in the previous year[3] - The operating loss for the year was HKD 300,359,000, an improvement from a loss of HKD 347,263,000 in 2022[3] - The net loss for the year was HKD 376,286,000, compared to a net loss of HKD 466,136,000 in the prior year, indicating a 19.3% reduction in losses[3] - The total reported loss for the group in 2023 was HKD 370,584 thousand, compared to a loss of HKD 454,417 thousand in 2022, indicating an improvement of approximately 18.4%[23] - The financial investment segment reported a loss of HKD 281,727 thousand in 2023, compared to a loss of HKD 460,048 thousand in 2022, showing a significant reduction in losses[19] - The company reported a net loss of HKD 376,286,000 for 2023, compared to a net loss of HKD 466,136,000 in 2022, showing an improvement of 19.3%[38] Assets and Liabilities - Total assets decreased to HKD 1,707,391,000 from HKD 2,037,595,000 in 2022, reflecting a decline of 16.2%[6] - Current liabilities increased to HKD 1,784,796,000 from HKD 1,542,115,000, representing a rise of 15.7%[6] - The group’s total assets decreased from HKD 2,037,595 thousand in 2022 to HKD 1,707,391 thousand in 2023, a reduction of about 16.2%[23] - The group’s liabilities increased from HKD 1,459,681 thousand in 2022 to HKD 1,811,979 thousand in 2023, marking an increase of approximately 24.1%[23] - The total equity as of December 31, 2023, was approximately HKD 104.59 million, down from HKD 301.97 million a year earlier, with a debt-to-equity ratio of 93.41%[59] - The net current liabilities increased to approximately HKD 916.41 million from HKD 348.02 million, with a current ratio of 0.49 compared to 0.77 in the previous year[59] Revenue Breakdown - The group reported external customer revenue of HKD 247,369 thousand in 2023, a decrease of 25.4% from HKD 331,522 thousand in 2022[26] - The manufacturing segment generated revenue of HKD 263,120 thousand in 2023, down from HKD 368,834 thousand in 2022, reflecting a decline of 28.7%[19] - Sales revenue from products was HKD 263,120,000 in 2023, down from HKD 368,834,000 in 2022, representing a decline of 28.7%[30] - Revenue from major customer A decreased from HKD 52,993 thousand in 2022 to HKD 30,004 thousand in 2023, a decline of 43.5%[27] Cash Flow and Financing - The company’s cash and cash equivalents decreased to HKD 23,877,000 from HKD 46,943,000, a decline of 49.1%[6] - The company is actively exploring various financing sources, including asset sales and secured financing, to improve liquidity and operational capacity[13] - The company received government subsidies totaling HKD 111,000 in 2023, down from HKD 1,520,000 in 2022[31] - The company has a short-term unsecured loan of HKD 20,000,000, which is secured by the same collateral as the bonds receivable[45] - The total borrowings increased from HKD 1,079,350,000 in 2022 to HKD 1,195,468,000 in 2023, an increase of approximately 10.8%[50] Employee and Operational Costs - Employee costs decreased to HKD 83,092,000 in 2023 from HKD 101,471,000 in 2022, a reduction of 18.1%[37] - The group had 752 employees, down from 874 employees in 2022, with total employee costs amounting to HKD 83.09 million, a decrease from HKD 101.47 million in 2022[134] Impairment and Provisions - The company recorded a full impairment provision of HKD 230,165,000 for receivables due to lack of response from the debtor since September 2023[46] - The company provided additional impairment of approximately HKD 211.55 million for overdue financial assistance during the year[87] - The impairment loss recognized for the year was approximately HKD 211.55 million, down from HKD 302.51 million in the previous year[116] - The company has recognized an additional impairment loss provision for the receivables due to increased recoverability risk, with ongoing legal actions against four borrowers totaling HKD 413.21 million[189] Legal and Compliance Issues - The company has established an independent investigation committee to address the auditor's qualified opinion, effective from May 9, 2023[140] - The company is in the process of negotiating a debt restructuring agreement involving approximately HKD 128,134,793 from five independent borrowers, expected to be completed by Q2 2024[146] - The company is seeking legal advice regarding the execution of a U.S. court judgment in Macau, with no significant assets at the subsidiary level[145] - The company is actively following up with tax authorities to provide necessary audit evidence to remove the reservation on tax payables[192] Strategic Focus and Future Plans - The company is considering terminating its regulated financial services activities and selling its 34% stake in a subsidiary after evaluating the costs and benefits[56] - The company is assessing options to terminate its offshore private fund management business due to operational difficulties faced by the funds[57] - The company plans to gradually shift its business focus from debt investments to portfolio and equity investments to achieve short-term returns[117] - The company is diversifying its business and exploring opportunities in AI technology, smart city construction, and fintech[154]

Financial Performance - The Group recorded total revenue of HK$136.89 million for the Period, a decrease of approximately 16.90% compared to HK$164.72 million in the corresponding period of 2022[28]. - Revenue from the manufacturing segment amounted to HK$138.41 million, down approximately 29.29% from HK$195.74 million in the same period of 2022[37]. - The loss before income tax for the Period was approximately HK$153.21 million, a significant improvement from a loss of HK$296.98 million in the same period of 2022[29]. - Loss attributable to owners of the Company was approximately HK$153.77 million, compared to HK$298.07 million in the corresponding period of 2022[30]. - Basic loss per share for the Period was approximately 5.81 HK cents, down from 13.34 HK cents in the same period of 2022[33]. - The treasury investments segment recorded a loss of approximately HK$133.30 million, an improvement from a loss of HK$275.76 million in the same period of 2022[39]. Market Conditions - The PCB industry is experiencing a downturn, with low order loading and continued price erosion globally[19]. - The economic downturn and geopolitical tensions have negatively affected the PCB industry, contributing to excess production capacity in China[14]. - The current worldwide capital market fluctuations are expected to impact the Group's financial results and hinder debt repayments, leading to potential additional impairment losses[22]. Business Strategy - The Group is focusing on improving risk management and compliance to ensure sustainable returns while exploring opportunities in asset management and financial services[20]. - The Group plans to diversify its business and enhance traditional PCB manufacturing while exploring new investment opportunities, including artificial intelligence and financial technology[21]. - The strategic upgrade and new plans are in response to changes in major shareholders, aiming to better utilize resources for business development[21]. - The Group aims to diversify its business and enhance the utilization of resources, including exploring opportunities in artificial intelligence and fintech[23]. Financial Position - As of June 30, 2023, the Group's total equity decreased to approximately HK$103.41 million from HK$301.97 million as of December 31, 2022[59]. - The Group's net debts increased to approximately HK$1,412.79 million as of June 30, 2023, compared to HK$1,393.98 million as of December 31, 2022, resulting in a gearing ratio of 93.18%[59]. - The Group's net current liabilities rose to approximately HK$533.94 million as of June 30, 2023, from HK$348.02 million as of December 31, 2022[60]. - The Group's current ratio decreased to 0.66 as of June 30, 2023, down from 0.77 as of December 31, 2022[60]. Investment Activities - The Group's total assets under management were approximately HK$2.62 billion as of the report date, with original capital contributions of approximately HK$1.38 billion[51]. - The Group is considering ceasing its regulated financial services activities and may dispose of its remaining 34% shareholding in Renco Investments's immediate holding company in the second half of 2023[45]. - The Group contributed HK$200.00 million into the Partners Fund, aimed at generating long-term capital appreciation for its investors[75]. - The Group contributed HK$340.00 million to the Huarong Fund, which raised net proceeds of up to HK$2.23 billion for investments[89]. - The Group is exploring the option of disposing of its interest in the Huarong Fund, expected to be completed by the end of 2023[96]. Impairment and Legal Proceedings - The Group's trade receivables from the Bond Issuer were fully impaired, with an accumulated impairment loss of HK$60.41 million as of June 30, 2023[86]. - The management is considering debt restructuring or litigation against the Bond Issuer regarding the underlying investment of the Partners Fund if no substantial progress is made in the coming months[84]. - The Group is undergoing litigation proceedings related to the Huarong Fund, with hearings scheduled for September 16, 2025, and November 17, 2025[95]. Asset Management and Funds - The Group's investment objectives focus on long-term capital appreciation through various financial instruments, including equity securities and convertible debts[146]. - The Group's investment strategy includes engaging in bridge and mezzanine financing as well as entering into repurchase agreements[146]. - The High-Tech Investment Fund aims for long-term capital appreciation through investments in high-tech industries and related sectors[137]. - The Infrastructure Fund III aims for long-term capital appreciation through investments in various sectors including transportation and telecommunications[160]. SuperRobotics Investment - The Group holds a 8.23% interest in SuperRobotics Shares Batch 1, with a fair value of HK$9,167,000 as of 30 June 2023[173]. - The Group's investment in SuperRobotics is expected to generate returns following the large-scale expansion of relevant technologies in the future[176]. - The Group's investment in SuperRobotics is aligned with the robust development of the robotic industry in the PRC, indicating significant market expansion potential[176].