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。 LFG Investment Holdings Limited LFG 投 資 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：3938） 截 至2023年3月31日 止 年 度 之 年 度 業 績 公 告 LFG投 資 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公司及其附屬公司（統稱「本集團」）截至2023年3月31日止年度（「財政年度」） 之經審核綜合年度業績，連同截至2022年3月31日止年度之比較數字如下： 財務表現摘要 截至3月31日止年度 2023年 2022年 千港元 千港元 收益總額 46,873 78,145 除所得稅開支前虧損 (21,551) (698) 年內虧損 (22,784) (3,534) 年內全面開支總額 (22,784) (4,105) 每股基本及攤薄虧損 (5.6港仙) (0.8港仙) ...

Revenue and Financial Performance - The company generated approximately 108.1% of total revenue from corporate finance advisory services during the period, compared to 82.5% in the previous year[11]. - The revenue from corporate finance advisory services decreased by approximately 41.8% to about HKD 24.4 million, down from HKD 41.8 million in the same period last year[12]. - Total revenue decreased by approximately 55.6% from HKD 50.7 million in the six months ending September 30, 2021, to approximately HKD 22.5 million, primarily due to reduced corporate finance advisory revenue and increased investment fund losses[22]. - The company reported a total revenue of HKD 34,231,000 for the six months ended September 30, 2022, compared to HKD 50,460,000 for the same period in 2021, representing a decrease of approximately 32%[136]. - The company reported a net loss of HKD 13,009,000 for the period, compared to a profit of HKD 8,669,000 in the previous year[92]. - The company reported a loss attributable to equity holders of HKD 13,060,000 for the six months ended September 30, 2022, compared to a profit of HKD 8,674,000 in the same period of 2021[162]. Advisory Services and Projects - The company participated in a total of 114 corporate finance advisory projects during the period, compared to 98 projects in the same period last year[12]. - The revenue from IPO sponsorship services was approximately HKD 7.9 million, compared to HKD 6.6 million in the previous year[15]. - Financial and independent advisory services generated revenue of approximately HKD 15.1 million, a decrease from HKD 32.7 million in 2021, with 65 financial advisory projects and 30 independent advisory projects completed during the period[16]. - Compliance advisory services earned approximately HKD 1.4 million, down from HKD 2.6 million in 2021, with 11 compliance advisory projects undertaken[17]. - Securities and financing services recorded revenue of approximately HKD 5.4 million from placement and underwriting, significantly up from HKD 0.9 million in 2021, due to an increase in projects[18]. Assets and Liabilities - As of September 30, 2022, assets under management were approximately USD 4.7 million (equivalent to about HKD 36.7 million), down from USD 7.5 million (equivalent to HKD 58.6 million) as of March 31, 2022[6]. - The company's total assets as of September 30, 2022, amounted to HKD 325,069,000, an increase from HKD 295,320,000 as of March 31, 2022[93]. - The company's equity attributable to owners decreased to HKD 156,725,000 from HKD 169,356,000, a decline of 7.4%[96]. - Current liabilities increased to HKD 179,913,000 from HKD 138,007,000, representing a rise of 30.5%[93]. - The total payable accounts as of September 30, 2022, was HKD 113,050,000, significantly higher than HKD 55,038,000 as of March 31, 2022[184]. Employee and Operational Costs - Employee costs decreased by approximately 8.3% to HKD 25.0 million, mainly due to a reduction in total staff[25]. - Employee costs decreased to HKD 24,999,000 for the six months ended September 30, 2022, down from HKD 27,250,000 in 2021, representing a reduction of approximately 8.2%[155]. - Other expenses decreased by approximately 16.2% to HKD 14.7 million, attributed to reduced client trading activity[24]. Market Conditions and Future Outlook - The Hang Seng Index fell approximately 26% from 23,397.67 points on December 31, 2021, to 17,222.83 points on September 30, 2022[9]. - Future economic recovery in Hong Kong is anticipated, but uncertainties remain due to factors such as inflation, interest rate hikes, and geopolitical tensions[43]. - The group aims to enhance its marketing efforts to explore new business opportunities not only in Hong Kong and China but also in Southeast Asia, Oceania, Europe, and the Americas[44]. Governance and Compliance - The board consists of more than one-third independent non-executive directors, ensuring a balanced experience and industry background[54]. - The company has adopted a governance policy that will be reviewed annually for compliance[54]. - The audit committee, composed of three independent non-executive directors, has established a clear scope of responsibilities[52]. Share Capital and Stock Options - As of September 30, 2022, the company has issued a total of 405,962,965 shares[2]. - The company granted 4,000,000 stock options to Mr. Mei on July 14, 2022, with an exercise price of HKD 0.170[83]. - The total number of stock options available for grant under the stock option plan was 36,596,296, down from 40,596,296 as of March 31, 2022[85]. - The stock option plan is designed to incentivize contributions to the group and recruit valuable human resources[83]. Cash Flow and Financial Position - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 11,235,000, compared to a net cash used of HKD 6,314,000 in the same period of 2021[104]. - The company’s financing activities resulted in a net cash outflow of HKD 9,663,000, a decrease from a net inflow of HKD 13,328,000 in the prior period[104]. - The company reported a significant increase in cash and bank balances to HKD 48,603,000 from HKD 47,031,000, reflecting a growth of 3.3%[93]. Investment and Returns - The group invested USD 3.0 million (approximately HKD 23.4 million) in the Lego Vision Fund SP, holding 28,807,172 non-voting shares valued at approximately USD 2.0 million (approximately HKD 15.9 million), representing about 4.7% of total assets[38]. - The net asset value per share of the Lego Vision Fund decreased from USD 114.87 (approximately HKD 896.0) as of March 31, 2022, to USD 70.88 (approximately HKD 552.8), reflecting an overall negative return of approximately 38.3%[38]. - The company reported an investment return of approximately HKD 12,730,000 for the six months ended September 30, 2022, compared to a loss of HKD 6,031,000 for the same period in 2021[192].

Financial Performance - For the fiscal year ending March 31, 2022, the company reported revenue of HKD 78,145,000, a decrease of 27.8% from HKD 108,152,000 in 2021[8] - The company incurred a net loss of HKD 3,534,000 for the year, compared to a profit of HKD 15,974,000 in the previous year, representing a significant decline[8] - The company's total revenue decreased by approximately 27.7% to about HKD 78.1 million for the fiscal year, down from approximately HKD 108.2 million in the previous year[28] - Revenue from corporate finance advisory services accounted for about 90.8% of total revenue, significantly up from 43.6% in the previous year[18] - Corporate finance advisory revenue increased by approximately 50.5% to about HKD 70.9 million, compared to approximately HKD 47.1 million in the previous year[19] - Revenue from compliance advisory services was approximately HKD 5.0 million, down from HKD 7.5 million in the previous year[23] - Securities and financing services generated approximately HKD 1.6 million in revenue, a significant decrease from HKD 19.6 million in the previous year due to fewer projects[25] - Other income and gains increased by approximately HKD 25.4 million to about HKD 13.5 million for the fiscal year, compared to a loss of HKD 11.9 million in the previous year[29] Assets and Liabilities - Total assets as of March 31, 2022, were HKD 314,017,000, down from HKD 343,866,000 in 2021, indicating a decrease of 8.7%[8] - Total liabilities decreased to HKD 143,505,000 from HKD 170,215,000, reflecting a reduction of 15.7%[8] - As of March 31, 2022, the net current assets were approximately HKD 157.3 million, with a current ratio of about 2.1 times[39] - The total debt as of March 31, 2022, was approximately HKD 67.4 million, resulting in a debt-to-equity ratio of about 39.5%[39] - The company managed assets worth approximately USD 7.5 million (about HKD 58.6 million) as of March 31, 2022, down from USD 9.9 million (about HKD 77.2 million) in the previous year[27] Corporate Strategy and Outlook - The company plans to strengthen its corporate finance advisory services and actively seize investment and financing opportunities to diversify revenue sources[11] - The company aims to maintain a robust project reserve and enhance its business network to capitalize on future opportunities in the financial services sector[12] - The company is optimistic about the continued growth in demand for integrated financial services among Chinese enterprises seeking to list offshore in Hong Kong[11] - The group is actively seeking opportunities in restructuring and recovery projects while maintaining a cautious approach to business development amid ongoing market uncertainties[54] - The group intends to strengthen its reputation as a comprehensive platform for financial and securities services and expand its client base to diversify revenue sources[54] Cost Management and Efficiency - The company has implemented cost control measures to optimize its cost structure amid challenging market conditions[10] - Employee costs remained stable at approximately HKD 48.0 million, unchanged from the previous year[32] - Other expenses increased by approximately 21.6% to about HKD 32.2 million, primarily due to increased transaction costs in securities and financing services[31] - The company reported a significant increase in overall management efficiency, with a focus on corporate finance advisory services[63] Governance and Management - The management team has over 15 years of diversified experience in accounting and investment banking, enhancing the company's advisory capabilities[65] - The independent non-executive directors bring over 20 years of experience in financial reporting, business consulting, and auditing, ensuring robust governance[75] - The company has appointed a new independent non-executive director to strengthen its board and enhance oversight functions[70] - The management team is committed to maintaining high standards of internal control and financial reporting[71] - The company is regulated under the Securities and Futures Ordinance, with key personnel responsible for various regulated activities[86] Shareholder Information and Capital Structure - The company decided not to declare any final dividend for the year ending March 31, 2022, consistent with the previous year[94] - The total number of shares issued as of March 31, 2022, is 405,962,965[127] - Mr. Mei holds 299,492,188 shares representing 73.77% of the company and an additional 8,763,452 shares representing 2.16% as a beneficial owner[126] - The company has a stock option plan approved prior to its initial public offering, aimed at rewarding and retaining employees who contribute to the group's operations and development[139][140] - The maximum number of shares that can be granted under the pre-IPO stock option plan is 34,000,000 shares, which is 8.38% of the total shares issued at the time of listing[143] Risk Management and Compliance - The expected credit loss for accounts receivable was approximately HKD 10.2 million for the fiscal year, compared to HKD 2.6 million in 2021, primarily due to weakened financial conditions of debtors post-COVID-19[33] - The financing costs for the fiscal year amounted to approximately HKD 0.9 million, an increase from HKD 0.6 million in 2021[36] - The company is focused on maintaining high standards of corporate governance and compliance, which is critical for its operations in the financial sector[84] - The management team emphasizes the importance of regulatory compliance in all financial activities[64] Market Conditions and Challenges - The global economic outlook remains uncertain due to factors such as the pandemic, the Russia-Ukraine conflict, and the credit crisis of Chinese property developers, which may affect fundraising and M&A activities[54] - The company has no significant capital commitments or contingent liabilities as of March 31, 2022[43] - The company has not entered into any management or administrative contracts for any major business segments during the fiscal year[120]

LFG Investment Holdings Limited LFG 投 資 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號 : 3938 中期報告 2021/2 | --- | --- | |-------|------------------------------| | | | | | | | 02 | 公司资料 | | 03 | 管理層討論與分析 | | 10 | 企業管治／其他資料 | | 19 | 簡明綜合中期財務報表審閱報告 | | 20 | 簡明綜合損益及其他全面收益表 | | 22 | 簡明綜合財務狀況表 | | 23 | 簡明綜合權益變動表 | | 25 | 簡明綜合現金流量表 | | 26 | 簡明綜合中期財務報表附註 | 公司資料 25 樓 | --- | --- | |------------------------------------------------------------------------|---------------------------------------------------------------------------| ...

LFG Investment Holdings Limited | --- | --- | --- | |------------------------------------------------|-------|-------| | LFG 投 資 控 股 有 限 公 司 | | | | (於開曼群島註冊成立的有限公司) 股份代號 : 3938 | | | 目錄 02 公司資料 | --- | --- | |-------|-------------------------------| | | | | | 03 財務概要 | | | 04 主席報告 | | | 05 管理層討論與分析 | | | 13 董事及高級管理層 | | | 20 董事會報告 | | | 38 企業管治報告 | | | 51 環境、社會及管治報告 | | | 64 獨立核數師報告 | | | 70 綜合損益及其他全面收益表 | | | 72 綜合財務狀況表 | | | 74 綜合權益變動表 | | | 76 綜合現金流量表 | | | 78 財務報表附註 | | | | 公司資料 董事 執行董事 梅浩彰先生(主席兼行政總裁) ...

LFG Investment Holdings Limited LFG 投 資 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號：3938 中 期 報 告 2020 02 公司资料 管理層討論與分析 03 企業管治／其他資料 09 簡明綜合中期財務報表審閱報告 18 19 簡明綜合損益及其他全面收益表 21 簡明綜合財務狀況表 22 簡明綜合權益變動表 24 簡明綜合現金流量表 25 簡明綜合中期財務報表附註 公司資料 董事會 執行董事 梅浩彰先生(主席兼行政總裁) 廖子慧先生 吳肇軒先生 何思敏女士 鄧振輝先生(於2020年4月1日獲委任) 獨立非執行董事 林延芯女士 潘禮賢先生 黃浩麒博士 審核委員會 林延芯女士(主席) 潘禮賢先生 黃浩麒博士 薪酬委員會 潘禮賢先生(主席) 林延芯女士 黃浩麒博士 提名委員會 梅浩彰先生(主席) 林延芯女士 潘禮賢先生 黃浩麒博士 授權代表 梅浩彰先生 吳肇軒先生 公司秘書 林猷麟先生 核數師 香港立信德豪會計師事務所有限公司 執業會計師 香港 干諾道中 111 號 永安中心 25 樓 合規顧問 TUS Corporate Finance Limite ...

LFG Investment Holdings Limited LFG 投 資 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號 : 3938 館 觀 2019/2020 目錄 | --- | --- | |-------|--------------------------| | | | | 02 | 公司資料 | | 03 | 財務概要 | | 04 | 主席報告 | | 05 | 管理層討論與分析 | | 13 | 董事及高級管理層 | | 21 | 董事會報告 | | 40 | 企業管治報告 | | 52 | 獨立核數師報告 | | 58 | 綜合損益及其他全面收益表 | | 59 | 綜合財務狀況表 | | 61 | 綜合權益變動表 | | 62 | 綜合現金流量表 | | 64 | 財務報表附註 | 公司資料 獨立非執行董事 審核委員會 薪酬委員會 提名委員會 董事 執行董事 梅浩彰先生（主席兼行政總裁） 廖子慧先生 吳肇軒先生 何思敏女士 鄧振輝先生（於2020年4月1日獲委任） 林延芯女士（於2019年9月10日獲委任） 潘禮賢先生（於2019年9月10日獲委任） 黃浩麒博士 ...

LFG Investment Holdings Limited LFG 投 資 控 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號：3938 2019/2020 中期報告 目 錄 02 公司资料 03 管理層討論與分析 08 企業管治／其他資料 | --- | --- | |-------|------------------------------| | | | | 17 | 簡明綜合中期財務資料審閱報告 | | 18 | 簡明綜合損益及其他全面收益表 | | 20 | 簡明綜合財務狀況表 | | | | | 21 | 簡明綜合權益變動表 | | 23 | 簡明綜合現金流量表 | | 24 | 簡明綜合中期財務報表附註 | 公司資料 董事會 執行董事 梅浩彰先生(主席兼行政總裁) 廖子慧先生 吳肇軒先生 何思敏女士 獨立非執行董事 林延芯女士 潘禮賢先生 黃浩麟博士 審核委員會 林延芯女士(主席) 潘禮賢先生 黃浩麟博士 薪酬委員會 潘禮賢先生(主席) 林延芯女士 黃浩麟博士 提名委員會 梅浩彰先生(主席) 林延芯女士 潘禮賢先生 黃浩麟博士 授權代表 梅浩彰先生 吳肇軒先生 公司秘書 林猷 ...