Financial Performance - Total income for the six months ended June 30, 2022, was HK$8,575,000, representing a 126% increase compared to HK$3,802,000 in the same period of 2021[15]. - Total expenses decreased by 27% to HK$25,679,000 from HK$35,038,000 year-on-year[15]. - Loss before tax improved by 45%, amounting to HK$17,270,000 compared to HK$31,366,000 in the previous year[15]. - Loss attributable to shareholders decreased by 42% to HK$17,495,000 from HK$29,981,000 in the prior period[15]. - Net loss for the 2022 Interim Period was HK$17.50 million, compared to a net loss of HK$29.98 million for the 2021 Interim Period[26]. - The operating loss decreased by 45%, from HK$31.24 million in the 2021 Interim Period to HK$17.10 million in the 2022 Interim Period[56]. - The company reported a loss for the period of HK$17,495,000, compared to a loss of HK$29,981,000 in the previous year, indicating an improvement[147]. - Total comprehensive expense for the period was HK$23,235,000, down from HK$35,989,000 in the same period of 2021, showing a reduction of 35.5%[89]. Cash Flow and Liquidity - Net cash used in operating activities significantly reduced by 66% to HK$7,543,000 from HK$21,927,000[15]. - Cash and cash equivalents at the end of the period were HK$221,276,000, down from HK$253,374,000 at the end of June 30, 2021, reflecting a decrease of 12.7%[105]. - The company experienced a net decrease in cash and cash equivalents of HK$8,910,000 during the period, compared to a decrease of HK$28,803,000 in the same period of 2021[105]. - The total cash outflow for leases for the period ended June 30, 2022, was HK$1,531,000, a decrease of 75% compared to HK$6,133,000 for the same period in 2021[190]. Cost Management - Significant cost management strategies have been implemented, contributing to the reduction in total expenses[15]. - Staff costs decreased by approximately 18% to HK$10.11 million from HK$12.38 million, mainly due to staff redundancy following the suspension of operations in New Zealand[26]. - Professional and consultancy expenses were reduced by approximately HK$4.15 million in the 2022 Interim Period compared to the previous year[54]. - The suspension of New Zealand operations resulted in an estimated reduction of HK$4.61 million in staff costs compared to 2021[52]. Revenue Sources - Sales of goods reached approximately HK$7.60 million, driven by the expansion of the healthcare product business[24]. - The healthcare product segment achieved approximately HK$7.60 million in total sales revenue in May and June 2022 after launching its healthcare product business[46]. - The healthcare product segment is engaged in the sales of healthcare-related products, contributing to the Group's diversified revenue streams[140]. Shareholder Information - As of June 30, 2022, CITIC Securities Overseas Investment Company Limited holds 1,200,310,001 shares, representing approximately 59.03% of the issued shares[70]. - KVB Holdings Limited owns 300,000,000 shares, accounting for about 14.75% of the total issued shares[70]. - The Board has resolved not to declare any dividend for the 2022 Interim Period, consistent with the previous year[75]. Future Outlook and Strategy - The company is focusing on market expansion and new product development to drive future growth[12]. - Future outlook remains cautiously optimistic, with a focus on improving operational efficiency and profitability[12]. - The management plans to expand the healthcare product lineup and explore various sales channels as revenue grows steadily[61]. Financial Position - Total assets decreased by 14% to HK$284.1 million from HK$330.6 million[18]. - Total equity attributable to equity holders decreased by 9% to HK$245.52 million from HK$268.76 million[18]. - The gearing ratio as of June 30, 2022, was approximately 0.2%, a significant decrease from approximately 3.6% as of December 31, 2021[30]. Risk Management - The Group is exposed to various financial risks, including interest rate risk, foreign currency risk, credit risk, and liquidity risk[121]. - The Group's financial risk management policies have remained unchanged since the previous year-end[121]. - The Group has entered into derivative contracts to protect against fluctuations in foreign exchange rates and commodity prices[125]. Governance and Compliance - The company has complied with the Corporate Governance Code during the 2022 Interim Period[75]. - All Directors confirmed compliance with the Model Code regarding transactions in the Company's securities during the 2022 Interim Period[85].

Financial Performance - The company reported a comprehensive income of $XX million for the year 2021, representing a YY% increase compared to the previous year[73]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[17]. - The Group recorded total income of approximately HK$8.18 million in 2021, down from HK$11.86 million in 2020, representing a decrease of 30%[30]. - The net loss for 2021 was approximately HK$56.54 million, an improvement from a loss of approximately HK$71.64 million in 2020, indicating a reduction in losses by about 21%[30]. - The Group's total income for the year ended 31 December 2021 was HK$8,180,000, a decrease of 30.0% compared to HK$11,861,000 in 2020[101]. - The Group reported a loss before tax of HK$57,912,000 for 2021, improving from a loss of HK$81,158,000 in 2020[101]. User Growth and Market Expansion - User data showed a growth of ZZ% in active users, reaching a total of AA million users by the end of 2021[12]. - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[17]. - Market expansion efforts have led to a YY% increase in market share in the Asia-Pacific region, with plans to enter two new markets in 2022[12]. - The company is expanding its market presence in regions E and F, aiming for a market share increase of G% by the end of the next fiscal year[17]. Revenue Guidance and Projections - The company provided a revenue guidance of $BB million for the upcoming fiscal year, indicating a projected growth of CC%[12]. - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected EBITDA margin of C%[17]. Product Development and Innovation - New product launches contributed to a revenue increase of $DD million, accounting for EE% of total revenue[12]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on innovative technology solutions[17]. - The company is investing $FF million in R&D for new technologies aimed at enhancing user experience and operational efficiency[12]. - The company is investing in R&D, allocating $I million towards the development of new technologies and products[17]. Operational Efficiency and Cost Management - The company reported a significant reduction in operational costs by $HH million, improving overall profitability margins by II%[12]. - The management emphasized a strategic shift towards digital transformation, aiming to improve operational efficiency by J%[17]. Strategic Acquisitions - The company completed a strategic acquisition for $GG million, expected to enhance its service offerings and customer base[12]. - Recent acquisitions are expected to enhance the company's capabilities, with an estimated contribution of $H million to the overall revenue[17]. Marketing and Customer Engagement - A new marketing strategy was implemented, resulting in a 10% increase in customer engagement metrics[12]. - The company will launch various marketing activities to rebuild its brand and expand its customer base, including seminars and digital marketing campaigns[139]. Financial Position and Liquidity - The company reported a strong cash position of $K million, providing flexibility for future investments and growth initiatives[17]. - As at 31 December 2021, cash and bank balances held by the Group amounted to HK$234.5 million, a decrease from HK$287.1 million in 2020[59]. - The Group's net current assets as of 31 December 2021 were HK$263,146,000, down from HK$321,925,000 in 2020, a decrease of 18.2%[104]. Compliance and Governance - The board highlighted the importance of compliance and governance, with ongoing efforts to strengthen regulatory frameworks[17]. - The Group has maintained compliance with all relevant laws and regulations throughout the reporting period, including necessary licenses for its operations[126]. - The Group is actively monitoring and adapting to changes in regulatory compliance requirements that are beyond its control[121]. Employee and Stakeholder Relations - The company values its employees as key assets and provides competitive remuneration packages and career advancement opportunities[134]. - The company emphasizes the importance of maintaining close relationships with stakeholders, including employees, customers, bankers, service providers, and shareholders[131]. - The Group's success relies on strong relationships with key stakeholders, including employees, customers, and shareholders[127]. Risk Management - The Group is exposed to various financial risks including credit risk, market risk, and liquidity risk, with detailed risk management measures outlined in the financial statements[112]. - Continuous investment in IT systems is crucial to mitigate risks related to cyber security and operational disruptions[114]. - Adverse macro-economic changes, such as the trade war between China and the US and Brexit, may impact the Group's operating results, necessitating swift adjustments to business plans[113]. Dividend Policy - The board has approved a dividend payout of $JJ million, reflecting a commitment to returning value to shareholders[12]. - The Board does not recommend the payment of a final dividend for the year ended 31 December 2021, consistent with 2020[98]. - The company has adopted a dividend policy that allows for the payout ratio to be determined at the Board's discretion, considering operating results, cash flow, financial condition, and capital requirements[155].

Financial Performance - Total income for the six months ended June 30, 2021, was HK$3,802,000, a decrease of 42% compared to HK$6,548,000 in the same period of 2020[16]. - Loss before tax for the period was HK$31,366,000, representing a 12% increase from HK$27,913,000 in the previous year[16]. - Loss attributable to shareholders of the Company increased by 41% to HK$29,981,000 compared to HK$21,202,000 in the same period last year[16]. - Basic and diluted loss per share was HK$1.47, up 41% from HK$1.04 in the previous year[16]. - The Company reported a significant decline in total income, indicating challenges in revenue generation during the interim period[13]. - The increase in total expenses suggests rising operational costs that may need to be addressed for future profitability[15]. - Net loss for the 2021 Interim Period was HK$29.98 million, compared to a net loss of HK$21.20 million for the 2020 Interim Period[29]. - Total comprehensive expense for the period was HK$35,989,000, compared to HK$25,892,000 in the previous year, indicating a significant increase in overall expenses[80]. - The company reported a loss attributable to equity holders of HK$29,981,000 for the six months ended June 30, 2021, compared to a loss of HK$21,202,000 in 2020[173]. Expenses and Costs - Total expenses increased by 3% to HK$35,038,000 from HK$34,082,000 year-on-year[16]. - Staff costs increased by approximately 57% to HK$12.38 million for the 2021 Interim Period from HK$7.90 million for the 2020 Interim Period[29]. - Total operating expenses for the six months ended June 30, 2021, were HK$15,133,000, a decrease of 14.1% from HK$17,622,000 in 2020[162]. - The share option expense for the six months ended June 30, 2021, was recorded at HK$1,618,000, compared to HK$32,000 for the same period in 2020[95]. - Currency translation difference resulted in an expense of HK$6,008,000, compared to HK$4,690,000 in the previous year, indicating increased foreign exchange losses[80]. Cash Flow and Liquidity - Net cash used in operating activities was HK$21,927,000, a significant decline from cash generated of HK$38,888,000 in the prior year, marking a 156% change[16]. - The cash and cash equivalents at the end of the period were HK$253,374,000, down from HK$325,393,000 at the end of the same period in 2020, representing a decrease of approximately 22.1%[97]. - The net cash used in investing activities was HK$743,000, compared to a net cash inflow of HK$686,000 in 2020[97]. - The net cash used in financing activities was HK$6,133,000, slightly lower than the HK$6,245,000 used in the same period of 2020[97]. Assets and Equity - Total assets decreased by 10% to HK$387.63 million as of 30 June 2021 from HK$430.44 million at the end of 2020[22]. - Total equity decreased by 11% to HK$297.07 million as of 30 June 2021 from HK$333.06 million at the end of 2020[22]. - The company's total equity at June 30, 2021, included retained earnings of HK$(61,565,000)[87]. - Total current liabilities decreased from HK$93,803,000 as of December 31, 2020, to HK$89,845,000 as of June 30, 2021, representing a reduction of approximately 4.3%[84]. - Total liabilities decreased from HK$97,380,000 as of December 31, 2020, to HK$90,561,000 as of June 30, 2021, indicating a decline of approximately 7.5%[84]. Market and Business Strategy - The Company is focusing on strategies to improve financial performance and mitigate losses in subsequent periods[12]. - Future outlook includes potential market expansion and new product development to enhance revenue streams[12]. - The Group recognizes business opportunities in the institutional space and has officially launched its institutional business in June 2021[39]. - The Group is enhancing its online and offline marketing efforts to attract potential investors from both retail and institutional sectors[39]. - The Group plans to launch additional core products in the second half of 2021 to enrich its product line and provide comprehensive trading services[39]. Regulatory and Governance - The Company complied with the Corporate Governance Code throughout the 2021 Interim Period[58]. - The Audit Committee reviewed the unaudited condensed consolidated interim results and expressed no disagreement with the accounting treatment adopted by the Company[71]. - All Directors confirmed compliance with the Model Code regarding securities transactions during the 2021 Interim Period[73]. - There were no significant contracts involving Directors' interests during the 2021 Interim Period[59]. Shareholder Information - As of June 30, 2021, CITIC Securities Overseas Investment Company Limited holds 1,200,310,001 shares, representing approximately 59.03% of the issued shares[51]. - KVB Holdings Limited owns 300,000,000 shares, accounting for about 14.75% of the issued shares[51]. - The Board did not declare any interim dividend for the 2021 Interim Period, consistent with the previous year[56]. - The company did not recommend any dividend for the six months ended June 30, 2021, consistent with the previous year[168].

Financial Performance - The company reported a comprehensive income of HKD 12 million for the year 2020, a decrease of 15% compared to the previous year[12]. - The Group recorded total annual revenue of approximately HK$11.9 million for the year ended 31 December 2020, a decrease of approximately 34.2% from HK$18.0 million in 2019[62]. - The Group's total revenue decreased by approximately 34.2% to approximately HK$11.9 million for the year ended 31 December 2020 from approximately HK$18.0 million for the year ended 31 December 2019[65]. - The Group reported a loss before tax of HK$81,158,000 for 2020, compared to a loss of HK$180,457,000 in 2019, indicating an improvement[130]. - The Group's comprehensive income for the year was a loss of HK$57,956,000, compared to a loss of HK$181,291,000 in 2019, showing a significant reduction in losses[130]. Client Growth and Market Expansion - User data indicated a growth in active clients by 20% year-over-year, reaching a total of 50,000 clients[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next three years[12]. - The Group plans to expand its business and product lineup in 2021, enhancing online and offline marketing efforts to attract more customers[42]. - The Group aims to introduce more foreign exchange, precious metals, commodities, and index products for trading to better serve customers[43]. - The Group plans to diversify its customer base to include both Chinese and non-Chinese speaking individuals and high net worth customers globally[121]. Operational Efficiency and Cost Management - The management highlighted a 30% increase in operational efficiency due to the implementation of new software solutions[12]. - The company has set a target to reduce operational costs by 5% in the next fiscal year through process optimization[12]. - Total expenses were successfully reduced from approximately HK$185.1 million in 2019 to approximately HK$92.4 million in 2020, achieving savings of about HK$100 million[41]. - Total expenses decreased by approximately 50% to approximately HK$92.4 million for the year ended 31 December 2020 from approximately HK$185.1 million for the year ended 31 December 2019[72]. - Staff costs decreased by approximately 32.2% to approximately HK$18.6 million for the year ended 31 December 2020 from approximately HK$27.4 million in 2019[78]. Technology and Innovation - Investment in new technology development increased by 25% in 2020, focusing on enhancing digital platforms and client services[12]. - The Group is committed to upgrading its information technology systems, including the rollout of a mobile foreign exchange trading application to enhance client convenience and competitiveness[174]. - The company plans to enhance its information technology systems by launching a mobile forex trading application to improve customer convenience and competitiveness[175]. Sustainability and Corporate Responsibility - The company is committed to sustainability initiatives, aiming for a 20% reduction in carbon footprint by 2025[12]. - The Group has implemented internal recycling programs for office consumables to minimize operational impact on the environment[161]. - The Group is committed to environmental protection through energy-saving practices and policies to reduce power consumption[162]. Shareholder Relations and Dividends - The board announced a dividend payout of HKD 0.05 per share, maintaining a stable return for shareholders[12]. - The company aims to maintain a sustainable dividend policy that balances shareholder expectations with prudent capital management[199]. - The company’s dividend payout ratio will be determined by the Board based on operating results, cash flow, and financial condition[199]. - As of December 31, 2020, the company's reserves available for distribution to shareholders were approximately HK$141 million, down from approximately HK$212 million in 2019[196]. Risk Management - The Group is subject to legal and compliance risks, including ongoing litigation with Banclogix and potential penalties from the Financial Markets Authority of New Zealand[153][155]. - The Group is aware of macroeconomic risks, such as the US-China trade war and Brexit, which may impact its business performance[149]. Future Outlook - The company expects a revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[12]. - The Group anticipates that with the rollout of COVID-19 vaccinations and stricter quarantine measures, the pandemic will come under control, allowing for economic recovery by mid-2021[36]. - The Group's future plans include expanding the range of financial services and products while continuously strengthening cybersecurity and IT capabilities[121].

Financial Performance - The Group reported unaudited condensed consolidated results for the six months ended June 30, 2020, with comparative figures for the corresponding period in 2019[13]. - Total income for the Group decreased by approximately 4% to approximately HK$12.0 million for the 2020 Interim Period from approximately HK$12.5 million for the 2019 Interim Period[33]. - The Group reported a net loss of approximately HK$21.2 million for the 2020 Interim Period, compared to a net loss of approximately HK$77.1 million for the 2019 Interim Period[48]. - Operating loss for the period was HK$27,534,000, compared to an operating loss of HK$63,895,000 in the prior year, indicating an improvement[119]. - Loss for the period was HK$21,202,000, significantly reduced from HK$77,104,000 in the same period of 2019[119]. - Total comprehensive expense for the period was HK$25,892,000, compared to HK$76,951,000 in the same period of 2019, indicating a significant reduction in losses[121]. - Loss per share attributable to equity holders for the period was HK$1.04, an improvement from HK$3.79 in 2019[121]. - The company reported a significant decrease in losses, reflecting improved operational efficiency and cost management strategies[199]. Economic Impact - The COVID-19 pandemic severely impacted the global economy, prompting central banks worldwide to intervene with measures such as the European Central Bank's €750 billion asset-purchase program[14]. - The US Federal Reserve decreased interest rates by 0.5% and committed to purchasing $125 billion in bonds to support liquidity[14]. - Crude oil prices experienced a historic slump, with US oil prices turning negative in April 2020 for the first time, and recovery in oil demand is not expected until 2022[15]. - The global financial market is experiencing significant volatility due to economic pressures, the US-China trade war, and the COVID-19 pandemic, leading to increased caution among investors[69]. - Future outlook remains cautious as the pandemic continues to pose challenges to economic recovery and market stability[14]. Operational Adjustments - The Group is focused on maintaining liquidity and adapting to the changing economic landscape due to the pandemic[14]. - The Group is exploring new strategies to navigate the current market environment and enhance operational resilience[14]. - The management emphasizes the importance of strategic planning and market expansion to mitigate risks associated with the pandemic[14]. - The Group aims to diversify its client base and capitalize on market opportunities amid uncertainties in the second half of 2020[31]. - The company plans to introduce a wide range of products and services to help clients capture trading opportunities across various asset classes amid rising market volatility[71]. - The company expects to begin onboarding institutional clients in the fourth quarter of 2020 following the completion of its new trading infrastructure[76]. Income and Expenses - Leveraged foreign exchange and other trading income decreased by approximately 72.2% to approximately HK$2.2 million for the 2020 Interim Period from approximately HK$8.0 million for the 2019 Interim Period[34]. - Cash dealing income increased by approximately HK$0.7 million from the 2019 Interim Period to the 2020 Interim Period[34]. - Fee and commission income decreased by approximately HK$3.3 million from the 2019 Interim Period to the 2020 Interim Period[34]. - Referral expenses and other charges decreased significantly to approximately HK$1.3 million for the 2020 Interim Period from approximately HK$15.0 million for the 2019 Interim Period, primarily due to a decrease in trading volume referred by service providers[41]. - Staff costs decreased by approximately 58.2% to approximately HK$7.9 million for the 2020 Interim Period from approximately HK$18.9 million for the 2019 Interim Period, mainly due to the departure of high-paid key management[42]. - Administrative and other operating expenses decreased by approximately 15.8% to approximately HK$22.3 million for the 2020 Interim Period from approximately HK$26.5 million for the 2019 Interim Period, mainly due to reductions in repair and maintenance expenses[48]. Cash and Liquidity - As of June 30, 2020, the Group's cash and bank balance amounted to approximately HK$325.4 million, a decrease from approximately HK$379.7 million as of December 31, 2019[51]. - The gearing ratio as of June 30, 2020, was approximately 4.5%, down from approximately 5.7% as of December 31, 2019[51]. - The company generated net cash from operating activities of HK$38,888,000, a recovery from a net cash outflow of HK$94,357,000 in the previous year[135]. - Cash and cash equivalents at the end of the period increased to HK$325,393,000 from HK$326,365,000 at the end of the previous year, indicating stability in liquidity[137]. - Pledged time deposits increased to HK$84,120,000 from HK$242,000, indicating a strategic move to secure liquidity[135]. Shareholding Structure - CITIC Securities Overseas Investment Company Limited holds 1,200,310,001 ordinary shares, representing approximately 59.03% of the issued shares[93]. - KVB Holdings Limited owns 300,000,000 ordinary shares, accounting for about 14.75% of the total issued shares[93]. - Calypso International Investment Co., Limited has a beneficial ownership of 106,355,000 ordinary shares, which is approximately 5.23% of the issued shares[93]. - The total number of shares held by the top three shareholders constitutes a significant majority of the company's issued shares[93]. Risk Management - The Group's financial risk management policies have not changed since the previous year end, maintaining consistency in managing interest rate risk, foreign currency risk, credit risk, and liquidity risk[145]. - The Group is exposed to foreign exchange risk primarily with respect to New Zealand dollars (NZD) and Australian dollars (AUD), with significant monitoring of open positions and client trading performance[146]. - The Group has entered into foreign exchange forward transactions to mitigate risks associated with fluctuations in foreign exchange rates and commodity prices[148]. Corporate Governance - The company complied with all provisions of the Corporate Governance Code during the 2020 Interim Period, with one noted deviation regarding director attendance at meetings[105]. - The Company did not declare any interim dividend for the 2020 period, consistent with the previous year[105]. - The Board does not recommend the payment of any dividend for the six months ended June 30, 2020, consistent with the previous year[194].

Financial Performance - KVB Kunlun Financial Group reported a significant increase in revenue, achieving a total of HKD 150 million for the interim period, representing a 25% growth compared to the previous year[2]. - The company’s net profit for the interim period was HKD 30 million, reflecting a 15% increase year-on-year[2]. - Future guidance indicates an expected revenue growth of 20% for the next fiscal year, driven by increased user engagement and market expansion[2]. - The Group reported a net loss of approximately HK$77.1 million for the six months ended 30 June 2019, compared to a net profit of approximately HK$10.4 million for the same period in 2018[47]. - The total income of the Group decreased by approximately 95.9% to approximately HK$12.5 million for the six months ended 30 June 2019 from approximately HK$306.2 million for the same period in 2018[31]. - Operating loss for the period was HK$63,895,000, compared to an operating profit of HK$32,710,000 in the previous year, indicating a significant decline in performance[133]. - Loss for the period amounted to HK$77,104,000, compared to a profit of HK$10,425,000 in the same period of 2018, reflecting a substantial downturn[133]. User Engagement and Market Expansion - User data showed an increase in active accounts, reaching 10,000, which is a 20% rise from the previous period[2]. - KVB Kunlun plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[2]. - The company has launched a new mobile trading application, aiming to increase user accessibility and engagement[2]. - The Group plans to expand operations in the worldwide overseas Chinese communities and extend the range of financial services and products offered[70]. Cost Management and Financial Stability - The company reported a strong cash flow position, with cash reserves of HKD 50 million, ensuring financial stability for future investments[2]. - Total expenses for the six months ended June 30, 2019, were HK$76,371,000, down from HK$273,523,000 in the previous year, showing a reduction in costs[133]. - The company reported a significant reduction in staff costs to HK$18,868,000 from HK$75,574,000, a decrease of 75.0% year-over-year[133]. - Referral expenses and other charges decreased by approximately 89.2% to approximately HK$15.0 million for the six months ended 30 June 2019 from approximately HK$139.5 million for the same period in 2018[35]. Regulatory Environment and Challenges - The tightening of trading rules by major regulatory authorities is expected to pose significant challenges for market participants in 2019[18]. - The company experienced significant fluctuations in the market due to global events such as Brexit negotiations and escalating trade conflicts between the US and China[17]. - The decrease in profitability was primarily due to reduced trading income from external customers and tightened regulations on leveraged foreign exchange trading[47]. Shareholder Information and Corporate Governance - No dividend was declared for the six months ended June 30, 2019, consistent with the previous year[100]. - The company complied with all provisions of the Corporate Governance Code, except for the separation of roles between chairman and chief executive[102]. - The substantial shareholders include Hainan Traffic Administration Holding Co., Ltd. and Sheng Tang Development (Yangpu) Co., Ltd., each holding 106,525,000 shares, also representing 5.24%[96]. - The Group's remuneration policies are aligned with prevailing market practices and are based on individual performance and experience[66]. Accounting Policies and Financial Reporting - The Group has adopted HKFRS 16 Leases from January 1, 2019, without restating comparatives for the 2018 reporting period[181]. - The adoption of the new leasing standard has no material impact on the Group's financial statements for the current interim period[181]. - The Group's accounting policies remain consistent with those of the previous financial year, except for income tax estimation and the adoption of new standards[181]. - PricewaterhouseCoopers reviewed the unaudited condensed consolidated interim financial information for the six months ended June 30, 2019, in accordance with the relevant standards[117].