LFG投资控股(03938)发布公告，配售协议所载先决条件已全部达成，交易已于2025年8月5日完成。合 共8119.26万股配售股份(相当于紧随完成后经配发及发行配售股份扩大后的公司已发行股本(不包括任何 库存股份)约16.67%)已根据配售协议的条款及条件以配售价每股配售股份0.40港元向不少于六名承配人 配发及发行。 ...

格隆汇8月5日丨LFG投资控股(03938.HK)公告，董事会欣然宣布，配售协议所载先决条件已全部达成， 交易已于2025年8月5日完成。合共81,192,593股配售股份(相当于紧随完成后经配发及发行配售股份扩大 后的公司已发行股本(不包括任何库存股份)约16.67%)已根据配售协议的条款及条件以配售价每股配售 股份0.40港元向不少于六名承配人配发及发行。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 第 1 頁 共 5 頁 v 1.3.0 公司名稱： LFG 投資控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期： 2025年8月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 03938 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: LFG 投資控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03938 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | | | 本月底結存 | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總額： H ...

Summary of Key Points Core Viewpoint - As of July 30, a total of 160 stocks reached their 52-week highs, indicating a positive trend in the market, with notable performances from companies like Feiyang Group, LFG Investment Holdings, and Sillod Medical [1]. 52-Week Highs - Feiyang Group (01901) achieved a closing price of 0.320 with a peak of 0.385, marking a high rate of 37.50% - LFG Investment Holdings (03938) closed at 0.770, reaching a high of 0.820, with a high rate of 34.43% - Sillod Medical (01244) had a closing price of 7.180 and a peak of 7.860, resulting in a high rate of 23.20% [1]. Additional Notable Stocks - Other significant stocks that reached their 52-week highs include: - JAKS Resources B (01167) with a high rate of 19.38% - Chenlin Education (01593) at 18.47% - Lee's Pharmaceutical (00950) at 17.58% [1]. Market Trends - The overall trend shows a strong performance in various sectors, particularly in healthcare and technology, as evidenced by the high rates of stocks like Weichuang Medical (00853) and Ping An Good Doctor (01833) [1]. 52-Week Lows - Conversely, some stocks are experiencing declines, with notable mentions such as XI Ernan Samsung-U (09347) dropping by 9.76% and XI Ernan Samsung (07347) decreasing by 8.67% [5].

LFG投资控股(03938)再涨超28%，值得注意的是，该股近期接连攀升，月内股价已飙升4.5倍。截至发 稿，涨28.33%，报0.77港元，成交额1686.91万港元。 消息面上，近日，LFG投资控股公布，配售最多8119万股新股，占公司经扩大股本16.67%；配售价0.4 港元。集资总额3250万港元，所得净额3230万港元，拟用于增加资本基础以拓扩证券融资业务及用作集 团的一般营运资金。值得注意的是，香港联交所最新资料显示，7月25日，LFG投资控股股东将股票存 入力高证券，存仓市值759.94万港元，占比5.13%。 ...

消息面上，近日，LFG投资控股公布，配售最多8119万股新股，占公司经扩大股本16.67%；配售价0.4 港元。集资总额3250万港元，所得净额3230万港元，拟用于增加资本基础以拓扩证券融资业务及用作集 团的一般营运资金。值得注意的是，香港联交所最新资料显示，7月25日，LFG投资控股股东将股票存 入力高证券，存仓市值759.94万港元，占比5.13%。 智通财经APP获悉，LFG投资控股(03938)再涨超28%，值得注意的是，该股近期接连攀升，月内股价已 飙升4.5倍。截至发稿，涨28.33%，报0.77港元，成交额1686.91万港元。 ...

Group 1 - LFG Investment Holdings experienced a 20.0% increase in stock price, reaching HKD 0.72 per share with a trading volume of HKD 12.67 million as of 09:53 on July 30 [1] - The company primarily provides corporate financing, securities trading and brokerage services, and asset management services to international clients [1] - LFG Investment Holdings is listed on the main board of the Hong Kong Stock Exchange and has three licensed subsidiaries engaged in regulated activities [1] Group 2 - As of the 2024 annual report, LFG Investment Holdings reported total revenue of HKD 28.01 million and a net loss of HKD 32.30 million [2]

[Company Information](index=3&type=section&id=02%20Company%20Information) [Board of Directors](index=3&type=section&id=2.1%20Board%20of%20Directors) The company's board comprises executive directors Mr. Mui Ho Cheung (Chairman and CEO), Mr. Liu Tsz Wai, Mr. Ng Siu Hin, Ms. Ho Sze Man, Mr. Tang Chun Fai, and independent non-executive directors Ms. Lam Yin Sum, Mr. Poon Lai Yin, and Dr. Wong Ho Kei - Executive Directors include **Mr. Mui Ho Cheung** (Chairman and CEO), **Mr. Liu Tsz Wai**, **Mr. Ng Siu Hin**, **Ms. Ho Sze Man**, and **Mr. Tang Chun Fai**[5](index=5&type=chunk) - Independent Non-Executive Directors include **Ms. Lam Yin Sum**, **Mr. Poon Lai Yin**, and **Dr. Wong Ho Kei**[5](index=5&type=chunk) [Committee Composition](index=3&type=section&id=2.2%20Committee%20Composition) The Audit, Remuneration, and Nomination Committees are primarily led by independent non-executive directors, ensuring governance independence and professionalism - The Audit Committee Chairman is **Ms. Lam Yin Sum**, with members including **Mr. Poon Lai Yin** and **Dr. Wong Ho Kei**[5](index=5&type=chunk) - The Remuneration Committee Chairman is **Mr. Poon Lai Yin**, with members including **Ms. Lam Yin Sum** and **Dr. Wong Ho Kei**[5](index=5&type=chunk) - The Nomination Committee Chairman is **Mr. Mui Ho Cheung**, with members including **Ms. Lam Yin Sum**, **Mr. Poon Lai Yin**, and **Dr. Wong Ho Kei**[5](index=5&type=chunk) [Other Company Information](index=3&type=section&id=2.3%20Other%20Company%20Information) The company secretary is Mr. Ng Siu Hin, the auditor is BDO Limited, and other details like registered office, headquarters, share registrar, principal bankers, website, and stock code are listed - Company Secretary is **Mr. Ng Siu Hin**[5](index=5&type=chunk) - Auditor is **BDO Limited**[5](index=5&type=chunk) - The company's stock code is **3938**, and its website is **www.legogroup.hk**[6](index=6&type=chunk) [Financial Highlights](index=4&type=section&id=03%20Financial%20Highlights) [Performance Overview](index=4&type=section&id=3.1%20Performance%20Overview) For the year ended March 31, 2025, total revenue significantly decreased by 73.3% to HK$25,171 thousand, with an annual loss of HK$35,140 thousand and basic and diluted loss per share of HK8.6 cents Annual Results for the Year Ended March 31 (HK$ thousand) | Metric | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue (excluding investment funds) | 32,924 | 84,865 | 86,662 | 94,813 | 80,320 | | Total Revenue | 25,171 | 94,173 | 46,873 | 78,145 | 108,152 | | (Loss)/Profit before income tax expense | (35,114) | (4,323) | (21,551) | (698) | 18,463 | | (Loss)/Profit for the year | (35,140) | (4,229) | (22,784) | (3,534) | 15,974 | | Total comprehensive (expense)/income for the year | (35,140) | (4,229) | (22,784) | (4,105) | 16,005 | | Basic and diluted (loss)/earnings per share | (8.6 HK cents) | (1.0 HK cents) | (5.6 HK cents) | (0.8 HK cents) | 4.0 HK cents | - Total revenue for fiscal year 2025 was **HK$25,171 thousand**, a significant **decrease** from **HK$94,173 thousand** in fiscal year 2024[7](index=7&type=chunk) - Fiscal year 2025 recorded a loss for the year of **HK$35,140 thousand**, an **expansion of loss** from **HK$4,229 thousand** in fiscal year 2024[7](index=7&type=chunk) [Assets and Liabilities Overview](index=4&type=section&id=3.2%20Assets%20and%20Liabilities%20Overview) As of March 31, 2025, total assets were HK$254,049 thousand, total liabilities HK$155,628 thousand, and net assets HK$98,421 thousand, a decrease from the previous year Assets and Liabilities as at March 31 (HK$ thousand) | Metric | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 254,049 | 231,369 | 261,583 | 314,017 | 343,866 | | Total Liabilities | 155,628 | 97,615 | 113,451 | 143,505 | 170,215 | | Net Assets | 98,421 | 133,754 | 148,132 | 170,512 | 173,651 | - Total assets for fiscal year 2025 were **HK$254,049 thousand**, an **increase** from **HK$231,369 thousand** in fiscal year 2024[8](index=8&type=chunk) - Net assets for fiscal year 2025 were **HK$98,421 thousand**, a **decrease** from **HK$133,754 thousand** in fiscal year 2024[8](index=8&type=chunk) [Chairman's Statement](index=5&type=section&id=04%20Chairman's%20Statement) The Chairman's Statement notes that despite Hong Kong's economic recovery, macroeconomic volatility, global trade wars, mainland China's property issues, and geopolitical tensions create market uncertainty; the company recorded a loss in a challenging environment but remains optimistic, planning new services, expanded geographical reach, and alliances to mitigate risks and create long-term value - The Hong Kong capital market's business environment is fraught with uncertainty due to macroeconomic volatility, global trade wars, mainland China's property liquidity issues, and geopolitical tensions[9](index=9&type=chunk) - Hong Kong's IPO market shows signs of recovery, but activity remains below pre-pandemic levels, with small-cap stocks continuing to struggle[9](index=9&type=chunk) - The Hong Kong Legislative Council passed the Stablecoin Ordinance Bill, enhancing the virtual asset regulatory framework and creating opportunities for Hong Kong financial institutions[10](index=10&type=chunk) - The Group recorded a loss for the fiscal year but remains optimistic about the Hong Kong capital market's prospects, planning to launch new investment and financing services, expand geographical coverage and alliances to diversify revenue streams[10](index=10&type=chunk) [Management Discussion and Analysis](index=6&type=section&id=05%20Management%20Discussion%20and%20Analysis) [Overview](index=6&type=section&id=5.1%20Overview) The Group is a Hong Kong financial services provider holding SFC licenses for Types 1, 4, 6, and 9 regulated activities, primarily offering corporate finance advisory, securities and financing, and asset management services, with corporate finance advisory remaining the main revenue driver - The Group is licensed for Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance[13](index=13&type=chunk) - Principal businesses include corporate finance advisory services, securities and financing services, and asset management services[13](index=13&type=chunk) - Corporate finance advisory services are the Group's primary business driver, generating the majority of revenue during the fiscal year[13](index=13&type=chunk) [Review](index=6&type=section&id=5.2%20Review) Operating in a challenging market, the Group adopted prudent risk management and cost control strategies; corporate finance advisory remained the primary revenue source but saw a decline, as did securities and financing, and asset management services [Market Review](index=6&type=section&id=5.2.1%20Market%20Review) Hong Kong's market shows recovery signs amid global challenges, with the Hang Seng Index rebounding, IPO and M&A markets reactivating, and China's economic stimulus boosting sentiment - The **Hang Seng Index** rose from **16,541.42** on March 28, 2024, to **23,119.58** on March 31, 2025[15](index=15&type=chunk) - The global economy faces multiple challenges including recession fears, global tariff wars, inflationary pressures, and geopolitical instability[15](index=15&type=chunk) [Business Review](index=7&type=section&id=5.2.2%20Business%20Review) The Group's corporate finance advisory revenue significantly declined despite more projects, due to lower average complexity; securities and financing revenue also fell from reduced client trading, and asset management and investment funds performed poorly, leading to losses Corporate Finance Advisory Services Revenue (HK$ thousand) | Service Type | 2025 | 2024 | | :--- | :--- | :--- | | IPO Sponsorship Services | 3,200 | 7,900 | | Financial and Independent Financial Advisory Services | 17,900 | 51,500 | | Compliance Advisory Services | 400 | 900 | | **Total** | **21,500** | **60,300** | - The total number of corporate finance advisory projects increased from 94 in 2

Financial Performance Summary [Overall Financial Performance](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E8%A1%A8%E7%8F%BE%E6%91%98%E8%A6%81) For FY2025, total revenue significantly decreased, leading to a substantial expansion of loss for the year and a decline in net assets FY2025 vs. FY2024 Performance Summary Comparison | Metric | 2025 (HKD thousands) | 2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | 25,171 | 94,173 | -73.3% | | **Loss Before Income Tax** | (35,114) | (4,323) | +712.3% | | **Loss for the Year** | (35,140) | (4,229) | +731.1% | | **Basic Loss Per Share** | (8.6 HKD cents) | (1.0 HKD cents) | +760.0% | | **Total Assets** | 254,049 | 231,369 | +9.8% | | **Net Assets** | 98,421 | 133,754 | -26.4% | Consolidated Financial Statements [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) In FY2025, total revenue significantly declined due to reduced core business income and financial asset losses, leading to an expanded loss for the year despite cost controls Key Items from Consolidated Statement of Profit or Loss (For the year ended March 31) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **25,171** | **94,173** | **-73.3%** | | Corporate Finance Advisory Services | 21,478 | 60,275 | -64.4% | | Securities and Underwriting Services | 4,041 | 8,531 | -52.6% | | Interest Income from Margin Financing Services | 7,117 | 11,127 | -36.0% | | Asset Management Services | 288 | 4,932 | -94.2% | | Net (Loss)/Gain on Financial Assets | (7,753) | 9,308 | -183.3% | | **Staff Costs** | (35,217) | (54,494) | -35.4% | | **Other Expenses** | (21,126) | (27,476) | -23.1% | | **Loss Before Income Tax** | (35,114) | (4,323) | +712.3% | | **Loss for the Year** | **(35,140)** | **(4,229)** | **+731.1%** | - Loss for the year attributable to owners of the Company was **HKD 34.997 million**, corresponding to a basic and diluted loss per share of **8.6 HKD cents**, a significant increase from **1.0 HKD cents** in the prior year[4](index=4&type=chunk) [Consolidated Statement of Financial Position](index=4&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, total assets slightly increased, but net assets decreased, primarily due to declining net current assets and rising current liabilities Key Items from Consolidated Statement of Financial Position (As of March 31) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Non-current Assets** | 23,578 | 8,946 | +163.6% | | **Current Assets** | 230,471 | 222,423 | +3.6% | | Trade Receivables | 39,711 | 100,280 | -60.4% | | Cash and Bank Balances | 46,061 | 41,273 | +11.6% | | **Total Assets** | **254,049** | **231,369** | **+9.8%** | | **Current Liabilities** | 142,302 | 97,418 | +46.1% | | Trade Payables | 110,322 | 43,929 | +151.1% | | Bank Borrowings | 5,490 | 24,639 | -77.7% | | **Total Liabilities** | 155,628 | 97,615 | +59.4% | | **Net Assets** | **98,421** | **133,754** | **-26.4%** | Notes to the Consolidated Financial Statements [Note 3: Revenue and Segment Information](index=8&type=section&id=Note%203%3A%20Revenue%20and%20Segment%20Information) All Group revenue from Hong Kong financial services constitutes a single segment, with revenue from customer contracts significantly decreasing due to a sharp decline in corporate finance advisory services Revenue Breakdown (For the year ended March 31) | Revenue Source | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | **Revenue from Contracts with Customers** | **25,807** | **73,738** | | Corporate Finance Advisory Services | 21,478 | 60,275 | | Securities and Underwriting Services | 4,041 | 8,531 | | Asset Management Services | 288 | 4,932 | | **Revenue from Other Sources** | **(636)** | **20,435** | | Interest Income from Margin Financing Services | 7,117 | 11,127 | | Net Fair Value Changes on Financial Assets | (7,985) | 8,750 | | **Total** | **25,171** | **94,173** | - As of March 31, 2025, the aggregate transaction price allocated to unsatisfied performance obligations under existing contracts was approximately **HKD 18.635 million**, expected to be recognized as revenue within the next 1 to 11 months[26](index=26&type=chunk) [Note 10: Trade Receivables](index=15&type=section&id=Note%2010%3A%20Trade%20Receivables) As of March 31, 2025, total trade receivables significantly decreased by 60.4%, primarily from securities margin financing, with impairment losses recognized for the year Composition of Trade Receivables (As of March 31) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Securities Margin Financing Services | 35,660 | 85,421 | | Securities Trading from Clearing House | – | 6,788 | | Corporate Advisory and Other Services | 2,258 | 4,636 | | Receivables from Brokers | 1,791 | 3,435 | | **Total** | **39,711** | **100,280** | - The top five trade receivables from margin clients accounted for **72.9%** of the total amount in this category, indicating concentrated credit risk[38](index=38&type=chunk) Movement in Impairment Allowance for Trade Receivables | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Balance at Beginning of Year | 14,618 | 10,605 | | Impairment Losses Recognized | 7,225 | 11,167 | | Written off from Receivables | (1,629) | (7,154) | | **Balance at End of Year** | **20,414** | **14,618** | Management Discussion and Analysis [Business Review](index=20&type=section&id=Business%20Review) Amidst a challenging environment, all Group segments faced pressure, with core business revenue declining and asset management and investment funds recording significant losses - In the current fiscal year, corporate finance advisory services contributed **85.3%** of total revenue, securities and financing services contributed **44.3%**, while asset management and financial asset investments recorded a negative contribution of **-29.7%**[53](index=53&type=chunk) [Corporate Finance Advisory Services](index=20&type=section&id=Corporate%20Finance%20Advisory%20Services) Corporate finance advisory services, the core business, saw revenue significantly decrease by 64.3% due to lower per-project contributions and declines in key service areas Corporate Finance Advisory Services Revenue Breakdown | Service Type | FY2025 Revenue (HKD million) | FY2024 Revenue (HKD million) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | IPO Sponsorship | 3.2 | 7.9 | -59.5% | | Financial and Independent Financial Advisory | 17.9 | 51.5 | -65.2% | | Compliance Advisory | 0.4 | 0.9 | -55.6% | | **Total** | **21.5** | **60.3** | **-64.3%** | [Securities and Financing Services](index=22&type=section&id=Securities%20and%20Financing%20Services) Securities and financing services performed weakly, with trading and brokerage revenue declining and margin financing interest income decreasing due to a significant drop in outstanding loan balances - Securities trading and brokerage business revenue was approximately **HKD 2.3 million**, compared to **HKD 6.7 million** in the prior year[58](index=58&type=chunk) - Total outstanding margin loan balances were approximately **HKD 35.7 million**, a **58.2%** year-on-year decrease; interest income generated was approximately **HKD 7.1 million**, a **36.0%** year-on-year decrease[58](index=58&type=chunk) [Asset Management Services and Investment Funds](index=22&type=section&id=Asset%20Management%20Services%20and%20Investment%20Funds) Asset management business contracted, with managed fund net asset value decreasing, causing service revenue to plummet, and investment funds recording a significant loss - As of March 31, 2025, the net asset value of funds under management and/or investment advisory was approximately **USD 2.9 million**, a **35.6%** year-on-year decrease[59](index=59&type=chunk) - Investment funds recorded a loss of approximately **HKD 7.8 million**, primarily due to underperformance of the investment portfolio[59](index=59&type=chunk) [Financial Review](index=23&type=section&id=Financial%20Review) This fiscal year, the Group faced severe financial challenges, with total revenue down 73.3% and loss attributable to owners reaching HKD 35 million, despite cost controls [Results Analysis](index=23&type=section&id=Results%20Analysis) Total revenue decreased from HKD 94.2 million to HKD 25.2 million, staff costs declined by 35.4%, and loss attributable to owners expanded from HKD 4 million to HKD 35 million - Total revenue decreased by **73.3%**, primarily due to reduced revenue from corporate finance advisory services, securities and financing services, and investment fund losses[60](index=60&type=chunk) - Staff costs decreased by **35.4%** to **HKD 35.2 million**, mainly due to a reduction in average headcount and discretionary bonuses[63](index=63&type=chunk) - Loss for the year attributable to owners of the Company was approximately **HKD 35 million**, compared to a loss of approximately **HKD 4 million** last year[68](index=68&type=chunk) [Liquidity and Capital Structure](index=25&type=section&id=Liquidity%20and%20Capital%20Structure) As of March 31, 2025, net current assets were HKD 88.2 million, with the current ratio decreasing, while total debt was approximately HKD 22 million, maintaining a stable gearing ratio Liquidity and Capital Structure Indicators (As of March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Current Assets | HKD 88.2 million | HKD 125 million | | Current Ratio | 1.6 times | 2.3 times | | Cash and Bank Balances | HKD 56.1 million | HKD 51.3 million | | Total Debt | HKD 22 million | HKD 33 million | | Gearing Ratio | 22.4% | 24.7% | [Prospects and Outlook](index=28&type=section&id=Prospects%20and%20Outlook) The Group anticipates continued challenges from global economic uncertainties impacting client fundraising and M&A, but will leverage its expertise to seek new global opportunities and maintain prudent risk management - Global economic uncertainties may lead to reduced, delayed, or terminated client demand for fundraising and M&A activities[83](index=83&type=chunk) - The Group will actively seek business opportunities in resumption and restructuring projects to navigate the current market environment[84](index=84&type=chunk) - Future plans include enhancing marketing efforts, seeking new global business opportunities, and evaluating strategies for virtual assets and ESG-related businesses[85](index=85&type=chunk) Other Company Information [Dividend Policy](index=28&type=section&id=Dividend%20Policy) Given the current year's loss, the Board has resolved not to declare any final dividend for the year ended March 31, 2025, consistent with the prior year - The Board resolved not to declare any final dividend for the year ended March 31, 2025[86](index=86&type=chunk) [Corporate Governance](index=29&type=section&id=Corporate%20Governance) The Company maintains high corporate governance standards, complying with all applicable provisions except for the combined roles of Chairman and CEO, which the Board deems in the Group's and shareholders' best interests - The Company has complied with the Corporate Governance Code, but the roles of Chairman and Chief Executive Officer are not segregated, both held by Mr. Mui Ho Cheung[88](index=88&type=chunk)[89](index=89&type=chunk) - The Audit Committee, comprising three independent non-executive directors, has reviewed the audited consolidated financial statements for the current year[92](index=92&type=chunk)