Stock Options - The nominal consideration for the stock options granted under the post-IPO stock option plan is HKD 1.00[1] - The acceptance of stock options must be paid within 7 days from the offer date[1] Annual Report - The announcement provides supplementary information to the annual report for the year ended December 31, 2023[1] - The company emphasizes that the supplementary information does not affect any other data contained in the annual report and supplementary announcement[1] Board of Directors - The board of directors includes five executive directors and three independent non-executive directors[1]

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。 二零二三年年報的補充公告 本公告旨在向公司股東和潛在投資者介紹本公司近期發展的最新情況。 擔保業務和融資租賃業務 誠如中期補充公告所披露，本集團已訂立一項為期六（6）個月的擔保安排，據此，本集 團為其客戶在中國的一個交易市場項目中的產品買賣付款提供擔保服務。二零二四年， 該項目續期六（6）個月，本集團繼續為該項目約10,000名客戶的付款交易提供融資擔保。 二零二四年截至目前為止，本集團從該項目中獲得不少於人民幣1,300萬元的擔保費淨收 入。 於二零二三財年，本集團還積極跟進過往年度應收賬款的追收工作，已成功收回總計約 人民幣1,000萬元的應收賬款。 生豬養殖業務 本集團計劃購入仔豬，並將這些仔豬飼養成生豬出售（「育肥模式」），還計劃購買種 豬，繁育商品豬並出售（「自繁自養模式」）。 誠如中期補充公告所披露，在自繁自養模式下，本公司計劃於二零二四年初購買約1,500 頭種豬。考慮到種豬的繁殖週期，本 ...

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 19,846,000, a significant decrease of 77.6% compared to RMB 88,479,000 in 2022[8]. - The company experienced a pre-tax loss of RMB 44,896,000, which is an improvement from a loss of RMB 84,171,000 in the previous year, indicating a reduction in losses by 46.8%[8]. - The total assets of the company decreased to RMB 644,936,000 from RMB 739,547,000 in 2022, reflecting a decline of 12.8%[8]. - The company maintained a net asset value of RMB 292,107,000, down from RMB 336,857,000 in 2022, representing a decrease of 13.3%[8]. - The company reported a basic loss per share of RMB 0.06, an improvement from RMB 0.13 in 2022[8]. - The group's revenue for the year ended December 31, 2023, was approximately RMB 19.8 million, a decrease of about 77.6% compared to RMB 88.5 million in 2022[59]. - Net income from financing guarantee services was approximately RMB 13.3 million, down 21.3% from RMB 16.9 million in 2022[59]. - Revenue from non-financing guarantee services was approximately RMB 0.2 million, a decline from RMB 1.1 million in 2022[61]. - Revenue from financial advisory services was approximately RMB 0.2 million, down from RMB 0.6 million in 2022[63]. - Revenue from market pig sales was approximately RMB 1.2 million, significantly reduced from RMB 69.9 million in 2022[65]. - Other income decreased significantly from approximately RMB 14.5 million in 2022 to RMB 8.3 million in 2023, a decline of about 42.8%[70]. - The pre-tax loss reduced from approximately RMB 84.2 million in 2022 to RMB 44.9 million in 2023, a decrease of about RMB 39.3 million or approximately 46.7%[79]. - Operating expenses, including R&D costs, were approximately RMB 52.6 million in 2023, down from RMB 79.8 million in 2022[75]. - The income tax expense for the year ending December 31, 2023, was approximately RMB 0.8 million, a change of about 147.1% from a tax credit of approximately RMB 1.7 million in 2022[80]. Business Strategy and Development - The company is focusing on traditional business development while enhancing risk management strategies, adopting a "risk first, business second" approach[12]. - The company is actively exploring supply chain finance opportunities, particularly in the pig farming and energy storage sectors, to drive business innovation[15]. - The company aims to optimize its business structure and improve service quality through innovative thinking and professional technology in the fintech sector[12]. - The company will focus on "core business and diversified driving" strategies while maintaining risk management as a priority[18]. - The company plans to enhance its supply chain financial services and explore new growth points in the financing leasing sector[18]. - The company anticipates a gradual recovery in the live pig market but will cautiously assess market risks before resuming production[18]. - The company aims to accelerate the development of financial products related to the live pig industry chain to enhance its core competitiveness[18]. - The company will continue to explore international market opportunities in the energy storage supply chain, focusing on low-carbon transformation strategies[18]. - The group is committed to enhancing its agricultural breeding ecosystem to explore new cooperation potentials for sustainable development[47]. - The group aims to enhance its competitiveness and sustainable development capabilities by promoting traditional business growth and exploring new areas[95]. Risk Management - The group has adopted a "risk first, business second" strategy to ensure prudent and stable operations in the guarantee business, resulting in a slowdown compared to last year[47]. - The group has strengthened risk management and selectively developed traditional businesses, avoiding blind expansion[47]. - The group conducts a thorough credit risk assessment process, including background checks and financial evaluations of customers and counter-guarantors[32]. - The group emphasizes the customer's loan repayment ability and creditworthiness when considering guarantee applications, with collateral value serving as supplementary security[36]. - The group closely monitors clients' financial conditions and business operations to safeguard its interests in receivable default guarantee payments[45]. - The group conducts regular reviews of clients' financial data and operational status to assess their repayment capabilities[41]. - The group has implemented measures to recover receivable default guarantee payments in case of clients' financial deterioration[43]. - The group continuously monitors the Chinese operational and political environment to anticipate potential impacts on its business activities[111]. - The group is focused on enhancing its brand value to quickly adjust its business strategy in response to changes in the dynamic Chinese business environment[111]. Market and Economic Conditions - In 2023, China's GDP reached 12.606 trillion RMB, growing by 5.2% year-on-year, an acceleration of 2.2 percentage points compared to 2022[22]. - In 2023, RMB loans increased by 22.75 trillion RMB, a year-on-year increase of 1.31 trillion RMB[22]. - As of December 2023, the broad money supply (M2) amounted to 292.27 trillion RMB, growing by 9.7% year-on-year[22]. - The Hong Kong economy is projected to grow by 3.2% year-on-year in 2023, driven by various government measures to stimulate tourism and consumption[22]. - The global economic growth is projected to slow from 2.7% in 2023 to 2.4% in 2024, below the pre-pandemic growth rate of 3%[92]. - The group anticipates that the Hong Kong economy will continue to recover steadily, driven by the release of consumer demand and gradual trade recovery[94]. Share Options and Equity - The total number of shares available for issuance under the pre-IPO share option plan is 10,000,000 shares, representing approximately 1.81% of the issued shares[132]. - The exercise price for the options granted under the pre-IPO share option plan is set at HKD 1.90, which is approximately 17.4% lower than the midpoint of the indicative offer price range of HKD 2.30[136]. - The post-IPO stock option plan allows for a maximum issuance of 54,301,362 shares, representing approximately 9.83% of the company's issued shares as of the report date[146]. - The company has established a share option plan for directors, with 400,000 options granted to each director, excluding a non-executive director[181]. - The company has granted a total of 32,155,400 stock options on May 18, 2020, of which 31,755,400 remain after 400,000 were not accepted[156]. - The company has issued a total of 5,703,000 share options under the 2023 share option scheme, with none of these options being vested by the end of the reporting period[193]. - The company has a total of 31,455,400 stock options that were unexercised as of the reporting date[160]. - The company has not declared a final dividend for the year ending December 31, 2023, due to its development and operational considerations[117]. Customer Concentration - The company's top five customers accounted for 90.77% of total revenue for the year ending December 31, 2023, compared to 74.30% in 2022, with the largest customer contributing 43.33% of total revenue[196].

Revenue Performance - The total revenue for the year ended December 31, 2023, was RMB 19,846 million, a decrease of 77.6% compared to RMB 88,479 million in 2022[18]. - The company's revenue for the year ended December 31, 2023, was approximately RMB 19.8 million, a decrease of about 77.6% compared to RMB 88.5 million in 2022[142]. - Revenue from market pig sales was approximately RMB 1.2 million, a drastic decline from RMB 69.9 million in 2022[145]. - The group reported a total of 13,414 clients for financing guarantee services and 13 clients for non-financing guarantee services in 2023[100]. - Revenue from financing and non-financing guarantee services was approximately RMB 13.3 million and RMB 0.2 million, accounting for about 67% and 1% of the company's total revenue, respectively[100]. Financial Performance - The group reported a pre-tax loss of RMB 44,896 million for the year ended December 31, 2023, which is a 46.7% improvement from a loss of RMB 84,171 million in 2022[18]. - The company reported a net loss of RMB 45,690,000 for the year ended December 31, 2023, a decrease from a net loss of RMB 82,467,000 in 2022, representing a 44.6% improvement[37]. - The company reported a significant reduction in inventory losses, which were RMB 4,209,000 in 2023 compared to RMB 29,112,000 in 2022[85]. - The group reported a pre-tax loss reduction from approximately RMB 84.2 million in 2022 to approximately RMB 44.9 million in 2023, a decrease of about RMB 39.3 million or 46.7%[181]. Cost Management - Operating expenses, including R&D costs, were approximately RMB 52.6 million for the year ended December 31, 2023, down from RMB 79.8 million in 2022, reflecting a strong cost control strategy[4]. - Research and development expenses were RMB 1,025,000, down from RMB 1,370,000, indicating a 25.2% reduction[37]. - Employee costs totaled RMB 18,516,000 in 2023, a decrease from RMB 27,339,000 in 2022, reflecting a reduction in wages and benefits[84]. - Interest expenses for 2023 were RMB 12,194 thousand, significantly reduced from RMB 22,635 thousand in 2022, a decrease of approximately 46.1%[72]. Asset and Equity Position - The total assets as of December 31, 2023, were RMB 644,936 million, a decrease of 12.8% from RMB 739,547 million in 2022[18]. - The total equity as of December 31, 2023, was RMB 292,107 million, down 13.3% from RMB 336,857 million in 2022[18]. - The company’s total liabilities decreased to RMB 352,829,000 from RMB 402,690,000, a decline of 12.4%[39]. - The total trade receivables, net of impairment losses, were RMB 135,860,000 in 2023, down from RMB 203,618,000 in 2022[90]. Market Outlook and Strategy - The group anticipates a gradual recovery in the pig market due to slow market demand recovery and supportive policies, while maintaining a cautious approach to production[7]. - The company plans to cautiously evaluate market risks and gradually resume production as the pig market is expected to recover[146]. - The company aims to explore international energy storage supply chain business opportunities[112]. - The group plans to enhance its international energy storage supply chain business, focusing on markets in South Africa and Australia, aiming to provide high-quality and safe energy storage systems[192]. Risk Management - The company has implemented a rigorous credit risk assessment policy, including due diligence on clients and collateral to ensure repayment capabilities[103]. - The company is currently evaluating the potential impact of new accounting standards and interpretations, concluding that the adoption of these revisions is unlikely to have a significant impact on the consolidated financial statements[96]. - The company has adopted a "risk first, business second" strategy, leading to a slowdown in overall guarantee business compared to the previous year[109]. - The group has made provisions for impairment on guarantee receivables totaling approximately RMB 375.17 million, with a net value of RMB 298.75 million after adjustments[176]. Corporate Governance - The audit committee, established on October 18, 2013, is responsible for reviewing financial statements and overseeing internal control procedures and risk management[197]. - All directors confirmed compliance with the standards set forth in the company's code of conduct for the year ending December 31, 2023[195]. - The company granted a total of 31,755,400 share options in May 2020, with 650,000 options expired and 25,000,000 options cancelled by December 31, 2023, leaving 5,805,400 options outstanding[194].

智通财经APP讯，中国金融发展(03623)发布公告，集团预计截至2023年12月31日止年度的收益与2022年相比将减少约75%至79%，报告期间的亏损与2022年取得的亏损相比将减少约42%至48%。报告期间业绩变化的主要原因如下：报告期间收益减少的原因主要包括：(i)集团担保费收入净额较2022年有所下降，主要是因为集团于报告期间采取“风险第一，业务第二”的经营策略，严格把控风险，有选择性地开展传统担保业务，叠加合作机构产品结构变化的影响，业务整体较2022年有所减少;及(ii)市场生猪销售量较2022年同期大幅减少，主要是因为报告期间生猪市场高供给弱需求局面加剧，集团主动收缩生猪产量以尽量降低亏损。 报告期间亏损减少的原因主要包括：(i)报告期间集团减值损失准备计提较2022年大幅减少，主要是因为报告期间收回以前年度已计提拨备的较长账龄的应收账款;(ii)集团报告期间的经营开支较2022年有所减少，主要是因为淘汰猪只数量减少;(iii)截至报告期末，集团已按还款计划偿还了大部分可转换债券本金，集团的利息支出较2022年大幅减少;及(iv)报告期间集团以公允价值计量且其变动计入当期损益的金融资产公允价值 ...

Financial Performance - The group's revenue for the six months ended June 30, 2023, was approximately RMB 2.9 million, a decrease of about 93.8% compared to RMB 46.5 million for the same period in 2022[35]. - Net income from financing guarantee services was approximately RMB 1.6 million, down approximately 88.8% from RMB 14.3 million in the same period last year[35]. - Non-financing guarantee service revenue decreased by about 80.0% to approximately RMB 0.1 million, compared to RMB 0.5 million for the same period in 2022[36]. - Revenue from financial advisory services was approximately RMB 0.01 million, a significant drop from RMB 0.6 million in the previous year[37]. - Total net guarantee fee income decreased to RMB 1,763 thousand in 2023 from RMB 14,787 thousand in 2022, representing a decline of approximately 88.06%[141]. - The group reported a net income of RMB 1,775,000 for financial services, down from RMB 15,402,000 in the previous year, representing a decrease of approximately 88.5%[165]. - The financial services segment reported a loss of RMB 22,729 thousand in 2023 compared to a loss of RMB 60,320 thousand in 2022, showing an improvement of approximately 62.36%[149]. Market Conditions - The average pig feed price ratio in the national market fell below 5:1, entering a warning zone for excessive decline, indicating a challenging market environment for pig farming[34]. - The economic recovery in China showed a GDP growth of 5.5% year-on-year in the first half of 2023, despite facing multiple risks such as weak domestic demand[27]. - The outlook for the second half of 2023 indicates that the global economy remains constrained by high inflation risks and geopolitical factors, impacting recovery prospects[49]. - The macroeconomic outlook for the second half of 2023 indicates ongoing risks and uncertainties, including high inflation and geopolitical tensions, which may impact economic recovery[125]. Business Strategy - The Group actively adjusted its business strategy in response to the low prices in the pig market, reducing production to mitigate losses while awaiting a market turnaround[10]. - The Group's strategy emphasizes "risk first, business second," focusing on optimizing product and business structures to enhance financial services[32]. - The company plans to continue optimizing its business model and enhancing cooperation with financial institutions and technology companies to explore new potentials in traditional guarantee services[52]. - The company aims to leverage its financial service experience to develop supply chain financial services aligned with the energy storage industry, responding to global low-carbon transformation trends[52]. - The company will maintain a prudent approach to business development, focusing on risk control and optimizing product structure[55]. - The company plans to continue monitoring industry dynamics and policy directions to adapt its business strategy accordingly[64]. - The company aims to explore new fields and enhance its core competitiveness while maintaining prudent development of traditional businesses[103]. - The company is focusing on the renewable energy sector and aims to provide financial services that support green transformation and development[107]. - The company plans to continue focusing on expanding its financial services offerings in China, including guarantee services and financial consulting[143]. - The company is exploring new strategies for market expansion and product development to enhance its competitive position in the financial services sector[143]. Financial Position - As of June 30, 2023, total assets amounted to RMB 665,396,000, down from RMB 739,547,000 at the end of 2022[86]. - Total liabilities decreased from RMB 402,690,000 to RMB 364,540,000, indicating improved financial stability[86]. - Total equity decreased by 10.7% to RMB 300,856 thousand from RMB 336,857 thousand at the end of 2022[93]. - The company's capital-to-debt ratio increased from approximately 119.5% as of December 31, 2022, to about 121.2% as of June 30, 2023, primarily due to a decrease in total equity[122]. - Cash and bank deposits decreased to approximately RMB 130.4 million from RMB 158.4 million at the end of the previous year, a reduction of about RMB 28 million[120]. Employee and Operational Metrics - As of June 30, 2023, the company employed 38 full-time employees, with total employee costs (including director remuneration) amounting to approximately RMB 10.5 million[124]. - The group’s employee costs totaled RMB 10,492,000, down from RMB 14,239,000 in the previous year, marking a decrease of around 26.5%[173]. - The company emphasized the importance of maintaining good employee relations and providing competitive compensation packages, including various benefits[124]. Losses and Impairments - The group recorded a pre-tax loss primarily due to a significant decrease in net income from financing guarantee services and market pig sales compared to the same period last year[72]. - The company reported a net loss of RMB 34,898 thousand for the six months ended June 30, 2023, a decrease of 46.5% compared to RMB 65,281 thousand in the same period last year[93]. - The company recorded a net impairment loss of approximately RMB 0.3 million on receivables as of June 30, 2023, compared to an impairment of about RMB 24.5 million in the previous year[116]. - The group incurred a total loss of RMB 938,000 in provisions for guarantees, a significant reduction from RMB 58,644,000 in the previous year, reflecting a decrease of approximately 98.4%[173]. Government Support - The government grants received totaled RMB 2,514,000 to support the pig farming industry, with amortized government grants amounting to RMB 192,000 as of June 30, 2023[191]. - The company has received unconditional government subsidies aimed at compensating for support provided to small and medium-sized enterprises, contributing to revenue recognition upon receipt[192].

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 Success Finance Group Holdings Limited 中 國 金 融 發 展（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3623） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 （人民幣千元） （人民幣千元） 變動百分比 收益 2,926 46,468 -93.7% 其他收益 2,709 8,546 -68.3% 除稅前虧損 (31,041) (67,841) -54.2% 期內虧損 (34,898) (65,281) -46.5% 期內全面虧損總額 (36,327) (67,898) -46.5% 每股基本虧損（每股人民幣元） (0.05) (0.11) -54.5% 於二零二三年 於二零二二年 六月三十日 十二月三十一日 （人民幣千元 ...

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 Success Finance Group Holdings Limited 中國金融發展（控股）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3623） 二零二二年年報補充公告 茲提述中國金融發展（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零二 二年十二月三十一日止財政年度（「2022財年」）的2022年度報告。除非另有說明，否則此處使用的 定義應與2022年年度報告中的含義相同。 本公告旨在為2022年年度報告提供有關2022財年確認的減值損失的補充信息。 相關方A至F的擔保協議詳情 相關方 擔保協議詳情 相關方A,B,D及E 相關方A和B與本集團簽訂了擔保協議，分別從中國的一家商業銀行獲得本金為 人民幣15百萬元的貸款，期限為12個月。本集團有權獲得相應貸款額度的年化 0.5%的擔保費。 相關方D和E與本集團簽訂了擔保協議，分別從中國的一家商業銀行獲得本 ...

Financial Performance - The company's revenue for 2022 was RMB 88,479,000, a decrease of 13.8% compared to RMB 102,616,000 in 2021[2]. - The operating loss for 2022 was RMB (81,638,000), compared to a loss of RMB (23,745,000) in 2021[2]. - The net loss for the year was RMB (82,467,000), slightly improved from RMB (82,618,000) in 2021[2]. - The total assets decreased to RMB 739,547,000 in 2022 from RMB 922,182,000 in 2021, representing a decline of 19.8%[2]. - The total liabilities also decreased to RMB 402,690,000 in 2022 from RMB 512,706,000 in 2021, a reduction of 21.5%[2]. - The group reported a pre-tax loss of RMB 84,171,000, which is a 33.4% increase from the previous year's loss of RMB 63,084,000[18]. - The total equity value decreased by 17.7% to RMB 336,857,000 compared to RMB 409,476,000 in the previous year[18]. - The net income from financing guarantee services dropped significantly to approximately RMB 16.9 million, down 77.2% from RMB 74.0 million in the previous year[44]. - The overall operating expenses showed a slight decrease, with consulting fees dropping due to adjustments in the guarantee business structure[55]. - The group's operating expenses, including R&D costs, amounted to approximately RMB 798.4 million for the year ended December 31, 2022, compared to RMB 584.3 million for the previous year, reflecting a significant increase[59]. - The group's pre-tax loss increased from RMB 631 million for the year ended December 31, 2021, to RMB 842 million for the year ended December 31, 2022, representing an increase of approximately RMB 211 million or 33.4%[65]. - The fair value change of financial assets resulted in a loss of approximately RMB 47.2 million during the reporting period, attributed to a decrease in the net asset value of an equity investment[62]. - The fair value assessment of biological assets indicated an impairment of approximately RMB 31 million, with a total impact of RMB 15 million on the fair value change[63]. - The income tax expense for the year ended December 31, 2022, was approximately RMB -1.7 million, a decrease of about 108.7% compared to RMB 19.5 million for the same period last year[67]. - The group's share of losses from associates amounted to approximately RMB 0.4 million for the year ended December 31, 2022, a decrease of RMB 0.6 million compared to a profit of RMB 0.2 million for the previous year[64]. - The total distributable reserves of the company as of December 31, 2022, amounted to approximately RMB 410.7 million[140]. Business Strategy and Operations - The company aims to optimize its product and business structure to focus on lower-risk operations while enhancing service quality[7]. - The company is actively exploring new cooperation areas in the agricultural breeding ecosystem to drive growth[7]. - The company has been focusing on supply chain finance, with a pig breeding farm recognized as a "National Level Pig Production Control Base" in Guangdong Province[10]. - The company plans to leverage opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area to innovate financial service products[8]. - The group plans to enhance risk prevention capabilities and explore new business models and products in 2023[12]. - The group aims to leverage opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area to provide specialized financial services[12]. - The group will focus on supply chain finance and improve cost control while developing financial products for the aquaculture industry[12]. - The group emphasizes the importance of risk management and technology in its operations amid ongoing economic pressures[21]. - The group acknowledges the need for time to restore demand despite government stimulus measures and easing of COVID-19 restrictions[23]. - The group adopts a "risk first, business second" strategy, leading to a slowdown in business development[24]. - The group is committed to complying with new regulatory frameworks for financing leasing companies to ensure healthy industry development[28]. - The company aims to enhance its core competitiveness through investment and acquisition strategies while developing integrated financial services in the supply chain[79]. - The company will focus on traditional business development with a principle of "risk first, business second," while actively seeking new market opportunities and product innovations[80]. - The company plans to strengthen its business in the technology finance sector by increasing collaboration with financial institutions and tech companies[80]. - The company will continue to seek new business investment opportunities through investments, shareholding, or acquisitions to enhance its overall competitiveness[92]. Market Conditions and Economic Environment - The overall economic environment remains challenging, with a projected GDP decline of 3.5% for Hong Kong in 2022[20]. - The global economic growth forecast for 2023 is projected to slow down to 1.9%, marking one of the lowest growth years in decades[76]. - In 2023, the Chinese economy is expected to show resilience and potential for recovery despite significant pressures from demand contraction and external uncertainties[78]. - The company anticipates continued volatility in pig prices due to cyclical influences and inflation, while implementing modern farming techniques to enhance disease control and efficiency[90]. - The Guangdong-Hong Kong-Macao Greater Bay Area is expected to present significant development opportunities, with the company aiming to provide specialized financial services to businesses in the region[91]. Share Options and Employee Incentives - The company has granted a total of 10,000,000 share options under the pre-IPO share option plan, with allocations of 1,000,000 shares for directors, 3,000,000 shares for senior management, and 6,000,000 shares for other employees[150]. - The exercise price for the share options granted under the pre-IPO plan is HKD 1.90, which represents a discount of approximately 17.4% compared to the median indicative offer price of HKD 2.30[153]. - As of December 31, 2022, there were 6,408,000 share options under the pre-IPO plan that had not been exercised[154]. - The company has maintained two share option plans, which were adopted on October 18, 2013, to incentivize employees and attract experienced talent[144]. - The company aims to retain and encourage contributions from employees through the share option plans[149]. - The vesting schedule for the share options includes various periods, with 50% vesting from November 6, 2013, to June 30, 2014, and 20% vesting from November 6, 2013, to June 30, 2018[151]. - A total of 32,155,400 stock options were granted under the post-IPO stock option plan, with 31,755,400 options remaining unexercised as of the report date[160]. - The maximum number of shares available for issuance under the post-IPO stock option plan is capped at 10% of all issued shares as of the listing date[164]. - The limit for options granted under the post-IPO stock option plan was updated from 41,404,400 shares to 54,301,362 shares, representing approximately 9.83% of the 552,307,936 shares issued as of the report date[164]. - The exercise price for options granted under the post-IPO stock option plan is determined by the board and must be at least the higher of the closing price on the grant date or the average closing price over the previous five trading days[169]. - Options granted to directors and core employees vest immediately upon grant, while those granted to performance-based employees are contingent on achieving specific performance targets[166]. - The post-IPO stock option plan is designed to attract and retain top talent, providing additional incentives to employees and other stakeholders[161]. - The plan allows for broad participation, enabling the company to reward contributors to its growth and success[161]. Risk Management and Credit Assessment - The group implements strict credit risk assessment policies to minimize credit risk, involving thorough due diligence and initial assessment reports by project managers[103]. - Credit risk evaluation includes reviewing the background, credit status, and reputation of clients and guarantors, as well as their financial conditions and business records[104]. - The group generally assesses the value and nature of collateral provided, repayment sources, and the creditworthiness of clients and guarantors before establishing guarantee contracts[108]. - Successful guarantee applications typically require a loan-to-value ratio of less than 100%, ensuring that the value of collateral fully secures the outstanding guarantee amount[109]. - The risk management department determines the credit limit for clients based on the initial assessment reports and due diligence findings[110]. - Regular reviews of clients' financial conditions are conducted, typically on a monthly or quarterly basis, to monitor their repayment capabilities[111]. - In cases of significant deterioration in clients' financial conditions, the group may require additional collateral or guarantees[113]. - The group employs procedures to monitor the recovery of receivables from default guarantees, including public inquiries and asset verification[116]. - As of December 31, 2022, the company recognized impairment losses on receivable default guarantees amounting to RMB 16.52 million, primarily due to increased recovery risks from five guarantee agreements[119]. - The impairment losses detailed include RMB 4.83 million from related party A, RMB 4.84 million from related party B, RMB 3.23 million from related party C, RMB 3.23 million from related party D, and RMB 1.62 million from related party E[122]. - The company has implemented a monitoring system for clients' financial conditions and will negotiate repayment plans if clients face difficulties in repayment[118]. - The company will pursue legal action against clients and their guarantors if no other feasible solutions are available to recover default guarantee payments[118]. Shareholder Information - As of December 31, 2022, Expert Depot Limited holds 121,490,000 shares, representing 22.00% of the total equity[198]. - Bliss Success Investments Limited owns 72,218,000 shares, accounting for 13.08% of the total equity[198]. - Novel Heritage Limited possesses 60,876,000 shares, which is 11.02% of the total equity[198]. - Insider Solution Limited has 15,000,000 shares, equating to 2.72% of the total equity[198]. - New Maestro Investments Limited holds 44,998,000 shares, representing 8.15% of the total equity[198]. - Chance Talent Management Limited has no shares but holds 44,954,108 equity derivatives, amounting to 8.14% of the total equity[198]. - The service agreements for executive directors are set for three years starting November 13, 2022[191]. - The remuneration policy for directors considers company performance, individual performance, experience, responsibilities, workload, and market practices[193]. - The company has arranged appropriate liability insurance for its directors and key personnel[197].

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 Success Finance Group Holdings Limited 中 國 金 融 發 展（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3623） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 全 年 業 績 公 告 財務摘要 截至二零二二年 截至二零二一年 十二月三十一日 十二月三十一日 止年度 止年度 （人民幣千元） （人民幣千元） 變動百分比 收益 88,479 102,616 -13.8% 其他收益 14,493 1,910 658.8% 除稅前虧損 (84,171) (63,084) 33.4% 年內虧損 (82,467) (82,618) -0.2% 年度全面虧損總額 (82,770) (81,066) 2.1% ...