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 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之任 何損失承擔任何責任。 GREEN INTERNATIONAL HOLDINGS LIMITED 格 林 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2700） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 格 林 國 際 控 股 有 限 公 司（「本 公 司」）之 董 事（「董 事」）會（「董 事 會」）宣 佈 本 公 司 及 其 附 屬 公 司（統 稱 為「本 集 團」）截 至2023年6月30日 止 六 個 月 之 未 經審核簡明綜合中期業績連同2022年同期之比較數字。 本 集 團 截 至2023年6月30日 止 六 個 月 之 未 經 審 核 簡 明 綜 合 財 務 資 料 已 由 本公司審核委員會審閱。 ...

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之任何損失承擔 任何責任。 GREEN INTERNATIONAL HOLDINGS LIMITED 格 林 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2700） (1)有關2022年年度報告內 所得款項用途的補充公告； 及 (2)有關本集團保健及醫療業務的業務更新 茲提述：(1)格林國際控股有限公司（「本公司」）日期為2020年11月24日的供 股章程及本公司日期為2020年9月25日及2020年12月15日的公告，內容有關 本公司以一供一供股（「2020年供股」），籌集所得款項淨額約95.9百萬港元 （「所得款項淨額」）；(2)本公司日期為2021年10月15日有關所得款項用途的 補充公告；及(3)本公司截至2022年12月31日止年度（「2022財政年度」）的年 報（「2022年年報」）。除文義另有所指外，本公告所用詞彙與2022年年報所 ...

Financial Performance - The total revenue for the fiscal year 2022 was approximately HKD 47.2 million, a decrease of about 31.60% compared to HKD 69.1 million in 2021[15]. - The direct costs and operating expenses for the year were approximately HKD 21.1 million, down about 32.95% from HKD 31.5 million in 2021[16]. - The gross profit for the year was approximately HKD 26.1 million, a decrease of about 30.47% from HKD 37.6 million in 2021, with a gross margin of 55.35%[17]. - Selling expenses were approximately HKD 12.6 million, a reduction of about 40.76% from HKD 21.3 million in 2021[18]. - Administrative expenses were approximately HKD 23.8 million, down about 36.38% from HKD 37.4 million in 2021, attributed to cost control measures[19]. - The net loss from continuing operations for the year was approximately 13,814,000 HKD, significantly improved from 73,409,000 HKD in 2021[24]. - The group's financing costs for the year were approximately 3,330,000 HKD, a decrease from 4,189,000 HKD in 2021[23]. Assets and Liabilities - The total assets as of December 31, 2022, were approximately 168,637,000 HKD, down from 214,813,000 HKD in 2021[29]. - The total liabilities as of December 31, 2022, were approximately 72,517,000 HKD, reduced from 83,107,000 HKD in 2021[29]. - The current ratio as of December 31, 2022, was approximately 1.72, slightly down from 1.80 in 2021[29]. - The cash and bank balance as of December 31, 2022, was approximately 81,742,000 HKD, compared to 110,743,000 HKD in 2021[30]. - The debt-to-equity ratio as of December 31, 2022, was approximately 139%, up from 125% in 2021[31]. Business Operations - The healthcare and medical business faced challenges due to market competition and increased operating expenses related to pandemic response measures[10]. - The beauty and fitness business performance remained weak due to changes in consumer behavior during the pandemic, leading to temporary closures of beauty salons in Shenzhen[11]. - The company continues to primarily engage in providing healthcare and medical services, as well as beauty and fitness products and related services[57]. - The company has not made any acquisitions or significant market expansions during the reporting period[58]. Stock Options and Dividends - The new stock option plan approved on June 26, 2019, allows the company to grant options for up to 147,326,614 shares, representing 10% of the issued shares at the time of approval[40]. - As of December 31, 2022, there were no unexercised stock options under the new stock option plan, with a maximum of 29,465,322 shares available for grant, equating to 4.47% of the current issued share capital[40]. - The company did not recommend any dividend for the year, consistent with the previous year[43]. - The company reported zero distributable reserves for the year ended December 31, 2022, consistent with the previous year[63]. Governance and Compliance - The board of directors includes independent non-executive directors who have confirmed their independence annually[76]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[95]. - The company has established an internal audit function with the assistance of an external consultant, which will regularly report to the audit committee on the adequacy and effectiveness of the group's risk management and internal control systems[100]. - The board consists of two executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced distribution of expertise across various business and professional fields[105]. Environmental and Social Responsibility - The company emphasizes sustainability and environmental responsibility in its operations, implementing green office measures[92]. - The company aims to reduce its greenhouse gas emissions by 5% from 2021 levels by 2026, in line with China's 14th Five-Year Plan for low-carbon development[176]. - The company has established a waste classification system to improve recycling efforts and reduce waste generation[181]. - The company has implemented measures to control emissions, including compliance with the latest vehicle emission standards[173]. Employee and Workplace Safety - The company strictly adheres to various labor laws and regulations, ensuring a safe and equitable work environment for all employees[189]. - There were no reported incidents of workplace fatalities or injuries resulting in lost days over the past three years, including the reporting year[199]. - The company provides comprehensive health and safety training, including emergency drills for all employees[199]. - All employees are provided with adequate protective equipment, such as masks and gloves, to maintain health standards[198].

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 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之任 何損失承擔任何責任。 GREEN INTERNATIONAL HOLDINGS LIMITED 格 林 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：2700） 截 至2022年12月31日 止 年 度 之 年 度 業 績 公 告 格 林 國 際 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2022年12月31日 止 年 度 之 經 審 核 綜 合年度業績，連同2021年相應年度之比較數字如下： ...

Financial Performance - For the six months ended June 30, 2022, the company reported a revenue of HKD 25,037,000, a decrease of 31.5% compared to HKD 36,506,000 for the same period in 2021[8] - The gross profit for the same period was HKD 12,235,000, down 38.3% from HKD 19,822,000 year-on-year[8] - The net loss for the period was HKD 11,977,000, slightly improved from a loss of HKD 12,376,000 in the previous year, representing a 3.2% reduction in losses[11] - The basic and diluted loss per share for the period was HKD 1.49, compared to HKD 1.61 in the same period last year, showing an improvement of 7.4%[8] - The total comprehensive income for the six months ended June 30, 2022, was a loss of 10,292 thousand HKD, compared to a loss of 12,079 thousand HKD for the same period in 2021, indicating a reduction of about 14.8%[20] - The group reported a net loss before tax of HKD 12,046,000 for the six months ended June 30, 2022, compared to a net loss of HKD 11,047,000 for the same period in 2021[51] Assets and Liabilities - The company’s total assets decreased to HKD 192,529,000 as of June 30, 2022, down from HKD 214,813,000 at the end of 2021, reflecting a decline of 10.4%[14] - Total liabilities were reported at HKD 135,566,000, a decrease of 6.8% from HKD 145,498,000 at the end of 2021[17] - The company’s cash and cash equivalents stood at HKD 104,096,000, down from HKD 110,743,000, indicating a decrease of 6.0%[14] - As of June 30, 2022, the total equity of the company was 129,216 thousand HKD, a decrease from 141,295 thousand HKD as of January 1, 2021, reflecting a decline of approximately 8.5%[20] - The group’s debt as of June 30, 2022, was approximately HKD 76,813,000, compared to HKD 83,107,000 as of December 31, 2021, resulting in a leverage ratio of about 39.90%[135] Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2022, was 1,180 thousand HKD, compared to a net cash used of 4,534 thousand HKD for the same period in 2021, showing a significant improvement[24] - The company reported a net financing cost of HKD 1,548,000, which is an improvement from HKD 2,352,000 in the previous year, indicating a reduction of 34.2%[8] - The group received government subsidies amounting to HKD 1,097,000 for the six months ended June 30, 2022, compared to HKD 197,000 in the same period of 2021[62] - The group incurred financing costs of HKD 1,548,000 for the six months ended June 30, 2022, down from HKD 2,352,000 in the same period of 2021[62] Business Operations - The company has not disclosed any new product launches or technological advancements during this reporting period[9] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[9] - The beauty and fitness business performance remained weak due to changes in consumer behavior during the pandemic, leading to a significant decline in the service industry[115] - The group did not conduct any capital raising activities during the period, and funds from previous capital raising remain unutilized due to ongoing uncertainties in the economic and business environment[132] - The group plans to open, relocate, and/or renovate its operational centers in China in the second half of 2022 to prepare for future business development as COVID-19 concerns ease[118] Employee and Shareholder Information - As of June 30, 2022, the company employed 182 staff members in Hong Kong and China[154] - Major shareholder Zhou Cuiqiong holds 370,071,730 shares, representing approximately 56.08% of the total issued shares[164] - The average number of issued ordinary shares for the calculation of basic and diluted loss per share was 659,895,000, resulting in a loss per share of HKD 1.49 for the six months ended June 30, 2022[72] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the period[178] - The company confirmed compliance with the Corporate Governance Code, except for the lack of an internal audit function[173] - The audit committee believes that the financial statements comply with applicable accounting standards and listing rules, ensuring adequate disclosure[178] Risk Factors - The company continues to face various financial risks, including foreign exchange risk, credit risk, liquidity risk, and cash flow and fair value interest rate risk[36] - The company has a policy in place to minimize credit risk by selling products or services to customers with good credit records[78]

Financial Performance - Total revenue for the year ended December 31, 2021, was approximately HKD 69,057,000, representing a slight increase of about 5.45% compared to the previous year[6] - The group recorded total revenue of approximately HKD 69,057,000 for the year, representing a slight increase of about 5.45% compared to HKD 65,488,000 in 2020[20] - Direct costs and operating expenses totaled approximately HKD 31,451,000, an increase of about 9.25% from HKD 28,788,000 in 2020, primarily due to increased revenue and higher employee salaries and goods costs[21] - Gross profit was approximately HKD 37,606,000, a slight decrease of about 2.47% from HKD 36,700,000 in 2020, with a gross margin of 54.45% compared to 56.04% in the previous year[23] - Selling expenses decreased by approximately 9.55% to HKD 21,347,000 from HKD 23,601,000 in 2020, mainly due to reduced advertising expenditures[24] - Administrative expenses decreased by approximately 9.97% to HKD 37,441,000 from HKD 41,588,000 in 2020, attributed to cost control measures[25] - The group recorded a net loss from continuing operations of approximately HKD 73,409,000, compared to a loss of HKD 57,447,000 in 2020[32] Business Operations - The healthcare and medical services segment operates hospitals in Hunan Province, China, and has obtained necessary licenses for medical operations, including dialysis treatment[10] - The beauty and fitness business in Shenzhen experienced a decline due to changes in consumer behavior during the pandemic, leading to the closure of a beauty center in a hotel[11] - The group terminated its integrated financial services business after selling it in March 2021 due to losses and reduced operational scale[15] - The group sold its integrated financial business in March 2021, recording a gain of approximately HKD 1,900,000 from the sale[18] - The company continues to engage in healthcare and medical services, beauty and fitness products, and integrated financial services as its main business activities[71] Assets and Liabilities - As of December 31, 2021, the total assets of the group were approximately HKD 214.81 million, a decrease from HKD 283.98 million as of December 31, 2020[41] - The group's liabilities as of December 31, 2021, were approximately HKD 83.11 million, compared to HKD 85.88 million as of December 31, 2020, resulting in a leverage ratio of approximately 38.7%[41] - The net current assets of the group as of December 31, 2021, were approximately HKD 61.35 million, down from HKD 96.53 million as of December 31, 2020, with a current ratio of approximately 1.80[41] - The cash and bank balances of the group as of December 31, 2021, were approximately HKD 110.74 million, a decrease from HKD 141.73 million as of December 31, 2020[42] - The debt-to-equity ratio of the group as of December 31, 2021, was approximately 125.4%, significantly up from 63.5% as of December 31, 2020[43] Corporate Governance - The company has experienced changes in its board of directors, with Yu Qi Gang resigning as chairman and Yu Zhou Jie appointed as the new chairman[59] - The company has a strong management team with over 20 years of experience in financial investment, trade, and real estate development[61] - The company’s independent non-executive directors have extensive backgrounds in finance and management, enhancing corporate governance[66] - The board consists of 2 executive directors, 2 non-executive directors, and 3 independent non-executive directors, ensuring a balanced distribution of expertise[126] - The audit committee consists of three independent non-executive directors, ensuring compliance with the corporate governance code[112] Risk Management - The board is committed to implementing effective and robust risk management and internal control systems to protect shareholder interests and group assets[161] - The group conducts an annual risk assessment to identify potential strategic, operational, financial, and compliance risks, categorizing them as high, medium, or low[163] - An external consultant has been appointed to assist in the independent review of the group's risk management and internal control systems, ensuring their adequacy and effectiveness[164] - The board reviews the effectiveness of the risk management and internal control systems annually, confirming that the group maintained sufficient and effective systems during the year[164] Shareholder Communication - The company emphasizes the importance of maintaining communication with shareholders and investors through various channels, including financial reports and announcements on its website[176] - The company provides a platform for shareholders to exchange views with the board of directors during the annual general meeting, where management answers shareholder questions[177] - Shareholders have the right to request a special general meeting if they hold at least 10% of the paid-up capital, with the meeting to be held within two months of the request[173] Environmental, Social, and Governance (ESG) - The company is committed to sustainable development and aims to balance economic growth, environmental protection, and social responsibility[186] - The board of directors directly manages the overall environmental, social, and governance (ESG) strategy and is responsible for approving related policies and guidelines[187] - The company has established comprehensive environmental management policies to achieve its environmental protection goals[196] - The company promotes a paperless office environment to reduce indirect emissions from waste paper[200] - The company encourages the use of energy-saving equipment in operations to reduce electricity consumption[200]

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 36,506,000, an increase from HKD 29,666,000 in the same period of 2020, representing a growth of 23.5%[8] - Gross profit for the same period was HKD 19,822,000, compared to HKD 16,100,000 in 2020, reflecting a gross margin improvement[8] - The net loss for the six months ended June 30, 2021, was HKD 12,376,000, a significant reduction from a net loss of HKD 39,543,000 in the prior year, indicating a 68.7% improvement[10] - Basic and diluted loss per share for the period was HKD 1.61, compared to HKD 12.25 for the same period in 2020, showing a substantial decrease in loss per share[8] - For the six months ended June 30, 2021, the total comprehensive income attributable to equity holders was a loss of HKD 39,543,000, compared to a loss of HKD 38,456,000 for the same period in 2020, reflecting a slight increase in losses[17] - The group recorded a net loss of approximately HKD 12,376,000 for the period, compared to a net loss of HKD 39,543,000 in 2020[129] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 272,917,000, a decrease from HKD 283,977,000 as of December 31, 2020[12] - Total liabilities as of June 30, 2021, were HKD 143,701,000, slightly up from HKD 142,682,000 at the end of 2020[15] - As of June 30, 2021, the total equity amounted to HKD 129,216,000, a decrease from HKD 141,295,000 as of January 1, 2021, indicating a decline in the company's net worth[17] - The accumulated losses as of June 30, 2021, were HKD 914,706,000, an increase from HKD 904,070,000 as of January 1, 2021, highlighting ongoing financial challenges[17] - The group's debt as of June 30, 2021, was approximately HKD 83,972,000, compared to HKD 83,408,000 on December 31, 2020, resulting in a leverage ratio of approximately 30.8%[134] - The group's debt-to-equity ratio was approximately 67% as of June 30, 2021, compared to 62% on December 31, 2020[136] Cash Flow and Financing - The company reported a cash balance of HKD 126,550,000 as of June 30, 2021, down from HKD 139,788,000 at the end of 2020[12] - The net cash used in operating activities for the six months ended June 30, 2021, was HKD 4,534,000, a significant improvement compared to HKD 23,314,000 for the same period in 2020[21] - The company reported a net cash outflow from financing activities of HKD 8,366,000 for the six months ended June 30, 2021, compared to HKD 67,460,000 in the same period of 2020, indicating reduced financing needs[21] - The group had cash and bank balances of approximately HKD 126,550,000 as of June 30, 2021, down from HKD 141,733,000 on December 31, 2020[135] - The company incurred financing costs of HKD 2,352,000 in the first half of 2021, down from HKD 4,027,000 in the same period of 2020[60] Business Operations and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[10] - The management indicated a focus on improving operational efficiency and reducing costs in the upcoming periods[10] - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[10] - The company operates in healthcare, beauty, fitness, and integrated financial services, indicating a diversified business model[24] - The company will continue to monitor the impact of the COVID-19 pandemic on its operations and take preventive measures accordingly[115] Shareholder Information - The board did not recommend any dividend payment for the period[149] - Major shareholder Ms. Zhou Cuiqiong holds 370,071,730 shares, accounting for 56.08% of the total issued shares[158] - As of June 30, 2021, Mr. Liu Dong holds 25,146,000 shares, representing approximately 3.81% of the total issued shares of 659,894,693[156] Compliance and Governance - The board confirms compliance with the corporate governance code, except for certain deviations regarding attendance at the annual general meeting[166] - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reporting procedures and risk management[170] - The company has engaged an external consultant to assist in establishing and maintaining internal audit functions[166] Segment Performance - The group's revenue for the healthcare and medical segment in China reached HKD 20,591,000, while the beauty and fitness segment generated HKD 15,911,000, totaling HKD 36,502,000 for the first half of 2021[37] - The total operating loss for the healthcare and medical segment was HKD (2,310,000), and for the beauty and fitness segment, it was HKD (1,605,000), resulting in a combined operating loss of HKD (4,666,000) for the first half of 2021[41] - Healthcare and medical business generated revenue of approximately HKD 20,591,000 with an operating loss of HKD 2,310,000, compared to HKD 19,270,000 and HKD 7,309,000 respectively in 2020[118] - Beauty and fitness business recorded revenue of approximately HKD 15,911,000 and an operating loss of HKD 1,605,000, improving from HKD 10,363,000 and HKD 22,746,000 in the previous year[121] Miscellaneous - The company sold its integrated financial business in March 2021 for a total cash consideration of HKD 5,500,000, recording a gain of approximately HKD 1,900,000 from the sale[116] - The integrated financial business reported revenue of approximately HKD 4,000 and an operating loss of HKD 751,000 for the period, with the business sold in March 2021[122] - The company did not disclose any new product developments or market expansion strategies during the reporting period[96] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2021, which did not result in significant changes to the financial statements[27] - No significant events requiring disclosure occurred between June 30, 2021, and the report date[171]

Business Segments Performance - The healthcare and medical segment generated revenue from hospital operations and club services, with a focus on expanding hospital operations in other cities and provinces in China [12]. - The company sold its club business to reduce operational losses and concentrate resources on hospital operations due to the impact of COVID-19 and weak consumer market [12]. - The beauty and fitness segment's performance remained sluggish in 2020, attributed to changes in consumer behavior during the pandemic, leading to a significant decline in service industry [13]. - The integrated financial services segment, through Green Securities Limited, has been operating at a loss for several years, with no revenue generated from Green Asset Management Limited [13]. - The healthcare and medical business generated revenue of approximately HKD 38,434,000 with an operating loss of HKD 12,883,000, compared to HKD 43,863,000 and HKD 49,978,000 in 2019 respectively [23]. - The beauty and fitness business recorded revenue of approximately HKD 27,054,000 and an operating loss of HKD 22,106,000, down about 22% from HKD 34,754,000 in 2019 [24]. - The group’s integrated financial business generated revenue of approximately HKD 44,000 and an operating loss of HKD 3,865,000, compared to HKD 42,000 and HKD 4,265,000 in 2019 [26]. Financial Performance - The overall business performance was affected by the global outbreak of COVID-19 and the weak consumer market in China [11]. - The total revenue for the year was approximately HKD 65,532,000, a decrease of about 16.69% compared to HKD 78,659,000 in 2019 [21]. - The net loss for the year was approximately HKD 61,312,000, an improvement from a net loss of HKD 151,997,000 in 2019 [35]. - Administrative expenses decreased by approximately 28.76% to HKD 45,790,000 from HKD 64,279,000 in 2019, primarily due to cost-saving measures in response to the pandemic [27]. - The goodwill impairment loss for the hospital business was approximately HKD 2,162,000, significantly lower than HKD 25,692,000 in 2019 [28]. - The group’s financing costs netted approximately HKD 6,381,000, down from HKD 11,225,000 in 2019 [34]. Shareholder Information - The company expressed gratitude to shareholders and investors for their support during the challenging year [9]. - The board did not recommend any dividend payment for the year, consistent with the previous year [56]. - The company reported zero dividends for the fiscal year 2020, consistent with 2019 [78]. - The company’s distributable reserves for shareholders were zero as of December 31, 2020, and 2019 [85]. - The company has not recommended any final dividends for the fiscal year 2020 [78]. Corporate Governance - The board consists of 3 executive directors, 2 non-executive directors, and 3 independent non-executive directors, ensuring a balanced distribution of expertise [137]. - The board held a total of 12 meetings during the year, with attendance rates for executive directors ranging from 50% to 100% [157]. - The company has established procedures for directors to seek independent advice at the company's expense when necessary [136]. - The company has arranged appropriate liability insurance for its directors and senior management, with annual reviews of coverage [151]. - The board is responsible for ensuring compliance with corporate governance policies and regulations, with ongoing training for directors [140]. - All current independent non-executive directors have confirmed their independence in writing, meeting regulatory requirements [143]. - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and relevant regulations [155]. - The Audit Committee consists of three independent non-executive directors, ensuring oversight of financial reporting and compliance [161]. - The Audit Committee held four meetings during the year, with full attendance from all members [167]. - The Remuneration Committee reviewed and approved the remuneration policies for executive directors and senior management, ensuring alignment with performance [169]. - The Remuneration Committee convened two meetings during the year, with all members present [173]. - The Nomination Committee conducted three meetings, focusing on the selection standards and diversity policies for board members [179]. Risk Management and Compliance - The company is committed to effective risk management and internal controls to protect shareholder interests and assets [181]. - The company has established a comprehensive internal review process to enhance asset protection and compliance measures [181]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards [125]. - The company has established an internal audit function with the assistance of an external consultant to review risk management and internal control systems [130]. Share Capital and Financing - The company issued 176,470,588 shares at a principal amount of HKD 120,000,000 on March 23, 2020, to bondholders of convertible bonds [15]. - The 2018 convertible bonds were fully redeemed in cash by bondholders in April 2020 [18]. - The group issued and allotted 1,649,736,733 ordinary shares at a subscription price of HKD 0.06 per share on December 16, 2020 [19]. - As of December 31, 2020, the total issued shares were 3,299,473,466 [104]. - The debt-to-equity ratio was approximately 62% as of December 31, 2020, significantly improved from 142% in the previous year [41]. Assets and Liabilities - As of December 31, 2020, the total assets of the group were approximately HKD 283.98 million, a decrease from HKD 305.38 million as of December 31, 2019 [39]. - The group's liabilities as of December 31, 2020, were approximately HKD 83.41 million, down from HKD 129.22 million in the previous year, resulting in a leverage ratio of approximately 29.4% [39]. - The current ratio improved to approximately 2.42 as of December 31, 2020, compared to 1.17 on December 31, 2019, indicating better liquidity [39]. - Cash and bank balances, including trust and independent accounts, were approximately HKD 141.73 million as of December 31, 2020, compared to HKD 135.20 million in the previous year [40]. Environmental and Social Responsibility - The company emphasizes environmental protection and has implemented green office measures to promote sustainability [120]. Communication and Investor Relations - The company maintains communication with shareholders through various channels, including financial reports and announcements on its website and the stock exchange [198]. - The company encourages investor relations and communication with shareholders and potential investors, providing contact information for inquiries [200].

Financial Performance - For the six months ended June 30, 2020, the company reported a loss of HKD 39,543,000 compared to a loss of HKD 41,076,000 for the same period in 2019, indicating a 3.8% improvement in performance[17] - The company reported a total comprehensive expense of HKD 35,905,000 for the period, down from HKD 40,400,000 in the previous year, representing a 11.9% decrease[17] - The company reported a total comprehensive loss of (41,076) thousand HKD for the period, compared to a loss of (39,543) thousand HKD in the previous year, reflecting a year-over-year increase in losses[26] - The group recorded a net loss of approximately HKD 39,543,000 for the period, slightly improved from a net loss of HKD 41,076,000 in 2019[154] - The company reported a net loss before tax of (38,456) thousand HKD for H1 2020, compared to (40,869) thousand HKD for H1 2019, showing a slight improvement in financial performance[8] Assets and Liabilities - Total assets as of June 30, 2020, were HKD 197,578,000, a decrease of 35.4% from HKD 305,381,000 as of December 31, 2019[22] - Current liabilities decreased to HKD 63,838,000 from HKD 146,646,000, showing a significant reduction of 56.5%[22] - As of June 30, 2020, the total equity of the company was 46,224 thousand HKD, a decrease from 160,109 thousand HKD in the same period of 2019, representing a decline of approximately 71.1%[29] - The group’s cash and bank balances decreased by approximately 65.8% to HKD 46,224,000 from HKD 135,028,000 as of December 31, 2019, primarily due to cash outflows from ongoing operating losses[156] - The total amount of bonds payable increased to HKD 11,903,000 as of June 30, 2020, from HKD 10,997,000 at the end of 2019, reflecting an 8.2% increase[108] Revenue and Segments - The total revenue for the six months ended June 30, 2020, was approximately HKD 29,666,000, a decrease of about 27.24% compared to HKD 40,775,000 for the same period in 2019[143] - The total revenue from the healthcare and medical segment in China was HKD 19,270,000, and from the beauty and fitness segment was HKD 10,363,000 for the six months ended June 30, 2020[53] - The healthcare and medical business recorded revenue of approximately HKD 19,270,000 and an operating loss of HKD 7,309,000, compared to HKD 20,936,000 and HKD 13,314,000 in 2019, indicating a decrease in operating loss due to cost savings from scaling down operations[144] - The beauty and fitness business reported revenue of approximately HKD 10,363,000 and an operating loss of HKD 22,746,000, a significant decline from HKD 19,826,000 in revenue and an operating profit of HKD 2,865,000 in 2019, primarily due to impairment losses and changes in consumer behavior during the pandemic[147] Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2020, was (23,314) thousand HKD, compared to (18,988) thousand HKD for the same period in 2019, indicating a worsening cash flow situation[29] - The company’s financing activities generated a net cash outflow of (67,460) thousand HKD, contrasting sharply with a net inflow of 128,094 thousand HKD in the same period of 2019[29] - The group is seeking to strengthen its financial position through various financing options, including debt or equity financing, and is in discussions with multiple financial institutions and potential investors[156] Share Capital and Ownership - The issued and fully paid shares as of June 30, 2020, were 1,649,736,733, compared to 1,473,266,145 as of December 31, 2019[17] - The company issued 176,470,588 shares upon conversion of convertible bonds, with a conversion price of HKD 0.68 per share[142] - Ms. Zhou holds 1,172,103,735 shares, representing approximately 71.05% of the total issued shares[193] - Wei Xin holds 756,061,682 shares, accounting for approximately 45.83% of the total issued shares[193] - The ownership interests of major shareholders overlap significantly, particularly between Ms. Zhou, Wei Xin, and Mr. Yu[195] Operational Challenges and Strategies - The company has not disclosed any new product launches or technological advancements during this reporting period[17] - The company’s beauty and fitness business experienced a decline in performance due to the impact of the COVID-19 pandemic and related public health measures[139] - The company’s healthcare and medical business demonstrated the ability to maintain normal operations and stable performance despite challenges posed by the pandemic[140] - The company plans to leverage its experience in the healthcare sector to explore suitable investment and acquisition opportunities that align with its existing business[140] Miscellaneous - The company did not recommend any dividend for the six months ended June 30, 2020, consistent with the previous year[8] - The group employed 232 staff in Hong Kong and China as of June 30, 2020, with compensation based on individual and group performance[183] - The group has not engaged in any hedging measures for foreign exchange risks during the period[172] - The group has no outstanding or threatened significant litigation as of the report date[184]

Financial Performance - The group recorded revenue of approximately HKD 78,659,000 for the year, a decrease of about 4.18% compared to HKD 82,092,000 in 2018[23]. - The healthcare and medical business generated revenue of approximately HKD 43,863,000, with an operating loss of HKD 49,978,000, primarily due to goodwill impairment losses of approximately HKD 25,692,000[24]. - The beauty business reported revenue of approximately HKD 34,754,000, a decrease of about 23% compared to HKD 44,858,000 in 2018, with an operating loss of HKD 66,746,000 attributed to impairment losses of HKD 60,143,000[25]. - The financial business generated revenue of approximately HKD 42,000, with an operating loss of HKD 4,265,000, reflecting a significant decline from HKD 173,000 in revenue in 2018[27]. - The group confirmed a net gain of approximately HKD 1,104,000 from the sale of its entire issued share capital in a subsidiary engaged in lending and bad debt investment[18]. - The company recorded a net loss of approximately HKD 151,997,000 for the year, compared to a net loss of HKD 78,154,000 in 2018[39]. Fundraising and Financial Condition - The company improved its financial condition significantly through fundraising activities in 2018 and the first quarter of 2019[7]. - The company raised approximately HKD 156 million from the issuance of 754,716,981 shares at a subscription price of HKD 0.212 per share[16]. - The company completed a subscription agreement on April 3, 2019, raising approximately HKD 156,000,000 through the issuance of 754,716,981 shares at a subscription price of HKD 0.212 per share[41]. - The company redeemed HKD 60,000,000 of convertible bonds with a 6% annual interest rate on April 20, 2020[22]. - The company issued convertible bonds totaling HKD 12,000,000 with an annual interest rate of 8%, which were not converted and matured on April 15, 2019[71]. - The asset-liability ratio was approximately 3.6% as of December 31, 2019, down from 12.3% in 2018, reflecting a significant reduction in interest-bearing borrowings[45]. Operational Segments - The healthcare and medical services segment includes revenue from hospital and club operations, with operations in Hunan Province, China[11]. - The beauty and fitness services segment operates under the "Masha" brand, with 94 employees providing services in Shenzhen, China[12]. - The company is expanding its hospital operations into other provinces in China[12]. - The group primarily engages in providing healthcare and medical services, beauty and fitness services, and integrated financial services, including lending, securities brokerage, and asset management[83]. Governance and Management - The company has a strategy to enhance its corporate value through improved business management and governance[7]. - The board of directors does not recommend the distribution of a final dividend for the years ended December 31, 2019, and 2018[86]. - The company has adopted the corporate governance code and has complied with its provisions, with some deviations noted[158]. - The board of directors is composed of three executive directors and three independent non-executive directors, ensuring a balanced distribution of knowledge and experience[165]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reporting processes and risk management[152]. - The company has established three committees: the audit committee, remuneration committee, and nomination committee, to oversee different aspects of governance[183]. Legal and Compliance - The company faced a legal dispute regarding a claim of RMB 4,260,000 for overpaid utility expenses, with counterclaims of RMB 1,560,000 from the property management company[72]. - The company is involved in ongoing legal proceedings regarding disputed shares, which may affect ownership rights[111]. - The company has complied with the public float requirements as per listing rules throughout the year[147]. Employee and Shareholder Information - As of December 31, 2019, the company had 306 employees in Hong Kong and China, with compensation based on individual and company performance[68]. - The company reported zero distributable reserves available for shareholders as of December 31, 2019, and 2018[94]. - Mr. Yu Qigang holds 1,179,456,676 shares, representing approximately 80.06% of the total issued shares[110]. - The company confirmed the independence of all current independent non-executive directors[107]. - The company has a significant shareholder, Wei Xin, which holds 756,061,682 shares, accounting for approximately 51.32% of the total issued shares[117]. Impairments and Losses - The company recognized a loss of approximately HKD 25,692,000 in goodwill impairment, with the carrying amount of goodwill assessed at approximately HKD 10,728,000 as of December 31, 2019[30]. - The carrying value of trademark rights and professional technology was assessed at approximately HKD 34,744,000 as of December 31, 2019, down from HKD 94,887,000 in 2018, resulting in an impairment loss of approximately HKD 60,143,000 for the year[35]. - The group incurred a loss of approximately HKD 11,289,000 from the sale of financial assets due to the failure to meet profit guarantees[34]. Share Options and Capital Structure - A new share option plan was approved on June 26, 2019, allowing for the issuance of up to 147,326,614 options, representing 10% of the issued shares at the time[64]. - The company has not issued any share options under the new share option plan as of the report date[64]. - The capital structure of the company remained unchanged for the years ending December 31, 2019, and 2018, aside from the disclosures provided[57].