Revenue Generation - The company generated approximately 82.5% of total revenue from corporate finance advisory services and 17.0% from securities and underwriting services during the reporting period[12]. - The corporate finance advisory services remain the primary revenue driver, with plans to continue delivering high-quality services[6]. - The group's corporate finance advisory business revenue increased by approximately 103.9% from about HKD 20.5 million to approximately HKD 41.8 million, mainly due to a major client's contribution of about HKD 19.7 million[14]. - Revenue from IPO sponsorship services was approximately HKD 6.6 million, a decrease from about HKD 7.5 million in 2020[16]. - Revenue from financial and independent financial advisory services was approximately HKD 32.7 million, significantly up from about HKD 9.3 million in 2020[17]. - Revenue from compliance advisory services was approximately HKD 2.6 million, down from about HKD 3.8 million in 2020[18]. - Securities and underwriting business revenue was approximately HKD 8.6 million, down from about HKD 17.3 million in 2020, primarily due to a decrease in placement and underwriting projects[23]. - Total revenue decreased from approximately HKD 61.6 million to about HKD 50.7 million, a decline of approximately 17.7%[25]. - The company reported a total comprehensive income of HKD 12,340,000 for the period, with a profit attributable to owners of HKD 12,309,000[115]. Financial Position - The total assets under management as of September 30, 2021, amounted to approximately USD 9.3 million, equivalent to about HKD 72 million[6]. - The net proceeds from the IPO in September 2019 were approximately HKD 99.1 million, enhancing the company's financial position[5]. - As of September 30, 2021, the group's total debt was approximately HKD 65.3 million, representing about 35.7% of equity, up from approximately 19.4% as of March 31, 2021[32]. - The total equity attributable to the owners of the company was HKD 181,324,000, compared to HKD 172,255,000, showing an increase of 5.8%[109]. - The company's cash and bank balances increased to HKD 45,310,000 from HKD 38,095,000, reflecting a rise of 18.5%[109]. - The total assets less current liabilities amounted to HKD 190,670,000, an increase from HKD 179,392,000 in the previous year[109]. Cost Management - The company maintained a prudent cost and capital management strategy to sustain profitability amid challenging market conditions[11]. - Administrative and other expenses increased by approximately 62.4% from about HKD 10.9 million to approximately HKD 17.8 million, mainly due to increased travel and commission costs[27]. - Employee costs increased to HKD 27,250,000, compared to HKD 25,117,000 in 2020, reflecting a rise of 8.5%[101]. - The company reported a loss allowance for expected credit losses of HKD 781 million for the period, compared to no such expense in the previous year[186]. Strategic Initiatives - The company aims to leverage its comprehensive financial services platform to provide a diverse range of financing and securities services[6]. - The company continues to expand its diversified revenue sources while maintaining a strong balance sheet to support ongoing business needs[11]. - The group aims to maintain profitability amid market uncertainties and plans to diversify revenue sources and manage risks effectively[46]. - The company has adopted a share option plan to incentivize contributions from qualified individuals[93]. Shareholder Information - As of September 30, 2021, the company had issued 405,962,965 shares[68]. - The major shareholder, LFG Financial Group Limited, owns 299,492,188 shares, accounting for 73.77% of the total[78]. - Mr. Mei holds 8,450 shares, representing approximately 90.38% of his beneficial ownership in the company[75]. - The company granted 4,000,000 share options to Mr. Mei on April 1, 2021, at an exercise price of HKD 0.285 per share[91]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has been established to oversee financial reporting and compliance[55]. - The company emphasizes its commitment to high standards of corporate governance to enhance shareholder value[50]. - The interim financial statements were prepared in accordance with Hong Kong Accounting Standards[98]. - The review of the interim financial statements was conducted under the guidelines of the Hong Kong Institute of Certified Public Accountants[97]. Market Outlook - The group anticipates gradual economic recovery but remains cautious due to potential uncertainties affecting business development[47]. - The company does not recommend a mid-term dividend for the six months ending September 30, 2021, consistent with no dividend in 2020[54].

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 ...

Financial Performance - Total revenue for the fiscal year ended March 31, 2020, was HKD 105.679 million, a decrease of 11% from HKD 118.437 million in 2019[10]. - Profit before tax for the same period was HKD 22.172 million, down 63.2% from HKD 60.118 million in 2019[11]. - Net profit and total comprehensive income for the year was HKD 14.150 million, a decline of 71.2% compared to HKD 49.014 million in 2019[12]. - Adjusted net profit and total comprehensive income amounted to HKD 30.221 million, down 41.8% from HKD 51.814 million in 2019[22]. - The profit attributable to the owners of the company decreased to approximately HKD 14.2 million for the fiscal year, down from approximately HKD 49.0 million in 2019, mainly due to reduced revenue and increased expenses[51]. - The total revenue of the group decreased from approximately HKD 118.4 million for the year ended March 31, 2019, to approximately HKD 105.7 million for the fiscal year, representing a decline of about 10.8%[47]. Assets and Liabilities - Total assets increased significantly to HKD 347.581 million in 2020, up from HKD 106.728 million in 2019, representing a growth of 225%[24]. - Total liabilities also rose to HKD 172.948 million, compared to HKD 47.899 million in 2019, marking an increase of 261%[24]. - As of March 31, 2020, the group's net current assets were approximately HKD 165.2 million, with a current ratio of about 2.0 times[58]. - The group had no bank loans as of March 31, 2020, but had short-term borrowings of approximately HKD 8.3 million from managed funds[58]. Revenue Sources - The company generated approximately 81.62% of its total revenue from corporate finance advisory services during the fiscal year, an increase from 77.3% in 2019[34]. - Corporate finance advisory services revenue decreased by about 5.8% to approximately HKD 86.3 million from HKD 91.6 million in the previous fiscal year[35]. - The revenue from IPO sponsorship services was approximately HKD 37.8 million, slightly down from HKD 38.5 million in 2019[39]. - Revenue from financial and independent financial advisory services was approximately HKD 39.5 million, down from HKD 43.1 million in the previous year[40]. - Compliance advisory services generated revenue of approximately HKD 8.9 million, compared to HKD 10.0 million in 2019[41]. - The company recorded approximately HKD 10.6 million in revenue from placement and underwriting services, a decrease from HKD 21.0 million in the previous year[42]. - Revenue from securities trading and brokerage services increased to approximately HKD 6.7 million from HKD 5.6 million in 2019[45]. Business Strategy and Future Plans - The company plans to expand its business by actively pursuing investment and financing opportunities, as well as diversifying into underwriting and asset management services[27]. - The company is focused on cost control and strengthening its financial structure in response to market challenges, including the impact of COVID-19[26]. - The company aims to balance risk and return to maximize shareholder value, with strategies in place to identify and manage various risks[70]. - The company plans to leverage its full-license brokerage status in Hong Kong to provide high-quality professional services in corporate finance consulting and asset management[76]. - The company will continue to explore opportunities that align with its existing business portfolio to create attractive returns for shareholders amid current global uncertainties[76]. Operational Challenges - The company emphasizes prudent risk management to navigate the ongoing economic uncertainties[26]. - The global pandemic has created significant uncertainty for the economy, affecting market conditions and potentially reducing demand for fundraising activities[75]. - The company expects to maintain sufficient financial resources and a strong balance sheet to meet ongoing business demands and financial obligations[75]. Shareholder Information - The group completed a share offering of 72 million shares at an issue price of HKD 1.68 per share, raising net proceeds of approximately HKD 99.1 million to strengthen its position in the financial services industry[59]. - The board proposed a final dividend of HKD 0.049 per ordinary share for the year ended March 31, 2020, subject to shareholder approval[121]. - The company reported a net proceeds of approximately HKD 99.1 million from the share offering after deducting underwriting fees and estimated expenses[131]. Management and Governance - The company has a management team with extensive experience in finance, investment banking, and compliance, including key personnel like the CFO and compliance officer[109][110]. - The company emphasizes the importance of independent directors in its governance structure[100]. - The board includes members with diverse backgrounds in finance, law, and academia, enhancing decision-making capabilities[104]. - The company is committed to maintaining high standards of corporate governance and compliance[100]. Employee and Compensation - The group employed 46 staff members as of March 31, 2020, with competitive compensation packages including performance-based bonuses and stock options[63][65]. - Employee costs rose by approximately 17.2% to about HKD 47.6 million for the fiscal year, mainly due to increased employee compensation and share-based payment expenses of approximately HKD 5.0 million[49]. - The remuneration for the executive directors was adjusted, with salaries set at HKD 1,478,400, HKD 1,344,000, HKD 1,344,000, and HKD 2,066,400 respectively, effective from April 1, 2020[149]. Stock Option Plan - The company has a stock option plan approved on March 6, 2019, aimed at rewarding and retaining key employees[174]. - The total number of options granted to senior management and other employees amounted to 25,034,130 shares as of March 31, 2020[195]. - The stock option plan allows for a maximum of 40,000,000 shares to be issued, which is 10% of the total shares issued at the time of the IPO[193]. - The pre-IPO share option plan is open to no more than 50 participants, including full-time or part-time employees and senior personnel, excluding independent non-executive directors[177]. - The acceptance of share options must occur within five days from the grant date, with a non-refundable payment of HKD 1 required[180].

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 ...