Financial Performance - The company reported a total revenue of HKD 20 million for the six months ended June 30, 2024, representing a 25% increase compared to the same period last year[21]. - User data indicates a growth in active users by 15% year-over-year, reaching a total of 1.5 million active users[21]. - Interest income for the reporting period was approximately HKD 25.5 million, an increase from HKD 21.5 million in the previous year[36]. - The company incurred a total operating loss of HKD 34,326,786 for the six months ended June 30, 2024, compared to an operating loss of HKD 26,558,197 for the same period in 2023, indicating a deterioration of about 29%[93]. - The total comprehensive loss for the period was HKD 60,806,096, which is significantly higher than the loss of HKD 27,098,737 reported for the same period in 2023, reflecting an increase of approximately 125%[93]. - The basic and diluted loss per share for the six months ended June 30, 2024, was HKD 2.43, compared to HKD 1.08 for the same period in 2023, indicating a worsening of approximately 125%[93]. - The company reported a net loss of HKD 60,806,096 for the six months ended June 30, 2024, compared to a net loss of HKD 27,098,737 for the same period in 2023, indicating an increase in losses of approximately 125%[104]. - Cash and cash equivalents decreased to HKD 625,724 from HKD 2,077,546, reflecting a decline of approximately 69.9%[105]. Strategic Initiatives - The company has provided a forward guidance of 30% revenue growth for the next fiscal year, driven by new product launches and market expansion strategies[21]. - The company is planning to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[21]. - A strategic acquisition is in progress, expected to close by Q4 2024, which will enhance the company's product offerings and customer base[21]. - The company has established a partnership with a leading tech firm to co-develop innovative solutions, aiming for a launch in early 2025[21]. - The company is actively seeking acquisition targets with strong and sustainable growth prospects, with a deadline to announce potential acquisition terms by September 16, 2024[52]. Expenses and Liabilities - Operating expenses have been managed effectively, resulting in a 5% reduction compared to the previous year[21]. - The company incurred share-based payment expenses of approximately HKD 54.8 million, up from HKD 45.7 million in the previous year[37]. - Other operating expenses increased from approximately HKD 2.1 million in the previous year to about HKD 4.5 million due to higher legal and professional fees[39]. - As of June 30, 2024, total liabilities were approximately HKD 1,202.2 million, up from HKD 1,172.4 million as of December 31, 2023[49]. - The company’s total liabilities increased to HKD 1,202,244,830 from HKD 1,172,446,205, marking a rise of about 2.5%[95]. Capital and Financing - The company raised a total of HKD 1,001.0 million from the issuance of 100,100,000 Class A shares at HKD 10.00 per share and 40,040,000 listed warrants[34]. - The total amount raised from the special purpose acquisition company (SPAC) sale is HKD 1,001,000,000, with interest earned amounting to HKD 32,710,760[128]. - The company has entered into a financing agreement for an unsecured loan of HKD 20 million, but has not drawn any funds as of June 30, 2024[50]. - The company has sufficient financial resources to meet its ongoing capital needs prior to the completion of any merger and acquisition transactions[48]. - The company has a commitment from the sponsor to provide up to HKD 20,000,000 in interest-free loans to meet operational funding needs[156]. Shareholder Information - Major shareholders include China CITIC Group with a 17.73% stake and China Construction Bank with a 10.88% stake[79]. - Primavera LLC holds 7.70% of Class A shares and 60% of Class B shares, representing a significant ownership position[81]. - The company is under the ownership influence of several major shareholders, including Central Huijin Investment Ltd., which holds approximately 34.71% of the shares through its subsidiaries[84]. Corporate Governance - The audit committee has reviewed the interim financial results, which have not been audited by independent auditors[63]. - The company has complied with all applicable corporate governance code provisions during the reporting period, except for the combined roles of chairman and CEO[65]. - The company does not intend to pay cash dividends before the completion of any acquisition transaction[62]. Operational Status - The company has not generated any operational revenue since its inception, with all activities focused on corporate formation and identifying suitable acquisition targets[110]. - The company has not recognized any income tax during the reporting period due to its operations in the Cayman Islands, where no income tax is levied[116]. - The company has no full-time employees and has not incurred employee costs during the reporting period[55]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[69]. Fair Value and Risk Management - The fair value change of redeemable liability related to Class A shares was HKD (25,330,162) for the current period, compared to HKD (540,540) in the previous year, indicating a significant increase in liabilities[93]. - The company does not face significant credit, interest rate, or currency risks[155]. - The company’s policy does not allow for transfers between fair value levels during the reporting period[165].

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 就 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。 Interra Acquisition Corporation （於開曼群島註冊成立的有限公司） （股份代號：7801） （認股權證代號：4801） 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 Interra Acquisition Corporation（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公 司 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月（「報 告 期」）的 未 經 審 核 中 期 業 績，連 同 二 零 二 三 年 同 期 的 比 較 數 據。 – 1 – 財 務 摘 要 截 至 二 零 二 四 年 六 月 三 ...

Financial Performance - The company did not engage in any business operations during the reporting period and generated no revenue[47]. - Operating loss decreased from approximately HKD 96.3 million in the previous period to about HKD 11.9 million in the current reporting period[51]. - Interest income recognized during the reporting period was approximately HKD 44.7 million, compared to HKD 2.6 million in the previous period[76]. - The company incurred share-based payment expenses of approximately HKD 52.8 million, down from HKD 89.0 million in the previous period[50]. - Other operating expenses rose from approximately HKD 2.3 million to about HKD 4.2 million due to increased director remuneration and professional fees[77]. - The company has recorded no revenue during the reporting period and has no customers or suppliers[103]. Share Offering and Financial Position - The company completed a share offering of 100,100,000 Class A shares at a price of HKD 10.00 per share, raising a total of HKD 1,001.0 million, which is held in a restricted bank account[46]. - The total amount received from the sale was HKD 1,001.0 million, held in a custodial account[54]. - The total amount raised from the offering is HKD 1,001.0 million, held in a restricted bank balance in the escrow account[106]. - As of December 31, 2023, the total amount held outside the escrow account is HKD 35.6 million and HKD 33.5 million[108]. - Liabilities increased from HKD 116.2 million as of December 31, 2022, to approximately HKD 121.6 million as of December 31, 2023[56]. - The remaining unutilized funds as of December 31, 2023, amounted to HKD 0.7 million for offering-related expenses and HKD 1.4 million for general working capital[146]. - The company utilized 78.65% of the total funds raised, amounting to HKD 28 million, for offering-related expenses, with HKD 4.1 million used during the reporting period[146]. Acquisition Strategy - The company has not selected any specific acquisition targets during the reporting period and has no binding agreements for potential special purpose acquisition company transactions[24]. - The company is preparing to negotiate and conduct due diligence on potential acquisition targets while managing operational expenses[32]. - The company plans to identify acquisition targets with strong and sustainable growth prospects in the coming months[85]. - The company is focused on acquiring high-growth companies in the Greater China region, particularly in innovative technology, consumer and new retail, high-end manufacturing, healthcare, and climate action sectors[116]. - The company faces significant competition for merger opportunities, which may hinder the completion of acquisition transactions[105]. - The company has not selected any specific acquisition targets and has not engaged in any substantial discussions regarding mergers or acquisitions[98]. - The company is subject to regulatory approvals for its merger and acquisition transactions, with no guarantee of obtaining all necessary approvals[124]. - The total expenses related to the merger and acquisition transactions, including legal, accounting, due diligence, and travel costs, are currently unestimable[129]. Corporate Governance - The company held four board meetings during the reporting period, with the co-chairman also meeting independently with non-executive directors[9]. - The company has appointed three independent non-executive directors to enhance board efficiency and decision-making[9]. - The company has established both formal and informal channels for independent non-executive directors to express their opinions openly and candidly[130]. - The board of directors has reviewed the effectiveness of its mechanisms for obtaining independent views and opinions, resulting in satisfactory outcomes during the reporting period[130]. - The company has established mechanisms to assess board independence and ensure effective independent judgment[156]. - The company has a diverse board with members possessing extensive experience in various sectors, including investment banking and capital markets[111]. - The company established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of its affairs[132]. - The Audit Committee reviewed the audited financial statements for the year ended December 31, 2022, and the interim results for the six months ended June 30, 2023[132]. - The Remuneration Committee reviewed the remuneration policies and structures for directors and senior management, holding one meeting during the reporting period[137]. - The Nomination Committee held one meeting during the reporting period to review the board's structure and composition[138]. - The Audit Committee met twice during the reporting period to discuss financial reporting and risk management[132]. - The company confirmed compliance with the listing rules regarding the appointment of at least three independent non-executive directors, who constitute one-third of the board[151]. - The company received annual confirmations regarding the independence of its independent non-executive directors[151]. Regulatory Compliance and Operations - The company has complied with all relevant laws and regulations that significantly impact its business and operations during the reporting period[101]. - The company has complied with applicable environmental protection laws and regulations in its operations[118]. - The company has not entered into any related party transactions that require disclosure under the listing rules during the reporting period[101]. - The company has received financial assistance through loan financing from related parties, which constitutes a continuing connected transaction[102]. - The company has no subsidiaries as of December 31, 2023[142]. - The company has no full-time employees and did not incur any employee costs during the reporting period[60]. - As of December 31, 2023, the company had no full-time employees and therefore does not operate any retirement plans for employees[162]. - The company has no other business operations apart from the establishment of a special purpose acquisition company and related administrative management[103]. Shareholder Information - The company has a total of 17,749,644 shares (17.73%) held by China CITIC Group, which is the largest shareholder[177]. - The company has a total of 17,094,000 shares (17.08%) held by Lo Yuk Sui, making it the second-largest shareholder[177]. - ABCI AM Acquisition holds 5,140,640 Class A shares, which is 5.14% of the relevant class and 4.11% of the total issued shares[196]. - Primavera LLC holds 7,710,960 Class A shares, representing 7.70% of the relevant class and 6.16% of the total issued shares[196]. - Central Huijin Investment Ltd. holds 17,603,156 Class A shares, accounting for 17.59% of the relevant class and 14.07% of the total issued shares[196]. - The company has a total of 60% ownership in 15,015,000 Class B shares held by Primavera LLC[196]. - The company has established contracts with major shareholders regarding their interests in significant transactions[192]. - The company has no significant contracts with any controlling shareholders or their subsidiaries as of December 31, 2023[174]. Future Outlook - The company does not intend to pay any cash dividends before the completion of special purpose acquisition transactions, and no final dividend has been recommended for the reporting period[188]. - The company has not disclosed any specific performance guidance or future outlook in the provided documents[188]. - The company has not reported any new product or technology developments in the available content[188]. - There is no mention of market expansion or mergers and acquisitions in the provided documents[188]. Miscellaneous - The company maintained a public float in compliance with listing rules as of the report date[166]. - There were no charitable donations made by the company during the reporting period[168]. - The company did not issue any bonds during the reporting period[169]. - The company has no properties, plants, or equipment as of December 31, 2023, due to the nature of its business[164].

Financial Performance - The net loss attributable to the company's sponsors for the year was HKD 58,174,577, compared to a loss of HKD 139,058,251 in the previous year, showing an improvement of approximately 58%[18]. - The company reported no revenue generated during the reporting period, as its main business focuses on identifying suitable acquisition targets[15]. - The company incurred a total operating loss of HKD 11,947,158 for the year ending December 31, 2023, compared to a loss of HKD 96,314,662 in the previous year[31]. - The company's total comprehensive loss for the year was HKD (58,174,577), compared to HKD (139,058,251) in the previous year[31]. - The basic and diluted loss per share for the year was HKD (2.32), compared to HKD (4.33) in the previous year[31]. - The company's loss and total comprehensive income decreased from approximately HKD 139.1 million to about HKD 58.2 million during the reporting period[130]. Assets and Liabilities - As of December 31, 2023, total assets amounted to HKD 1,050,876,911, an increase from HKD 1,014,221,900 in the previous year, representing a growth of approximately 3.6%[6]. - Total liabilities rose to HKD 1,172,446,205 from HKD 1,130,385,429, reflecting an increase of about 3.7%[6]. - The total liabilities include HKD 1,047,259,451 in redeemable debt from Class A shares, up from HKD 1,001,000,000 in the previous year[6]. - The company's net liabilities increased from HKD 116.2 million as of December 31, 2022, to approximately HKD 121.6 million as of December 31, 2023[134]. - The total recognized liability for the redemption of Class A shares increased to HKD 46,259,451 as of January 1, 2023[177]. Cash Flow and Financial Position - Cash and cash equivalents decreased to HKD 2,077,546 from HKD 10,115,072, indicating a decline of about 79.5%[6]. - The company's cash and cash equivalents, along with interest receivables and prepaid items, are expected to be recoverable or recognized as expenses within one year[22]. - The company raised a total of HKD 35.6 million from the sale of sponsor warrants, which is held outside the escrow account[164]. - The company reported no revenue during the reporting period, but recognized interest income of approximately HKD 44.7 million, compared to HKD 2.6 million for the previous period[94]. - Cash and cash equivalents decreased to approximately HKD 2.1 million from HKD 10.1 million due to net cash used for financing activities related to the company's listing expenses, amounting to approximately HKD 4.1 million[133]. Share Issuance and Capital Structure - The company issued 100,100,000 Class A shares and 40,040,000 warrants at a price of HKD 10.00 per share during its initial public offering[10]. - The company issued 35,600,000 warrants at a price of HKD 1.00 each during its private placement[34]. - The company issued 25,025,000 Class B shares at a price of HKD 0.0001 per share on July 28, 2022[55]. - The total subscription price for the 35,600,000 founder warrants issued was HKD 35,600,000, with each warrant allowing the holder to purchase one share of the successor company at HKD 11.5[55]. - The company plans to manage and adjust its capital structure in response to economic conditions, which may include issuing new shares or redeeming existing debt[63]. Acquisition Strategy - The company is actively seeking potential acquisition targets since its establishment and issuance[66]. - The company is focused on identifying high-growth companies in sectors such as innovative technology, consumer and new retail, high-end manufacturing, healthcare, and climate action for potential acquisitions[91]. - The company must complete the acquisition transaction within 36 months of the listing date to avoid returning funds to Class A shareholders[45]. - The company has not identified any specific acquisition targets or entered into binding agreements for any potential special purpose acquisition company transactions[122]. - The company plans to conduct comprehensive due diligence on potential acquisition targets and expects significant costs associated with this process[106]. Corporate Governance and Compliance - The company maintains a high level of corporate governance to protect shareholder interests and enhance corporate value[115]. - The company has established an audit committee in accordance with corporate governance guidelines[166]. - The company has complied with all applicable corporate governance rules during the reporting period[160]. - The company does not have any external capital requirement restrictions[120]. Future Outlook and Events - The annual general meeting is scheduled for June 21, 2024, with relevant notices to be published in due course[169]. - There are no significant subsequent events reported after the reporting period[169]. - The company has not made any significant investments or acquisitions during the reporting period[107]. - There are no major investments or capital asset plans disclosed for the future as of December 31, 2023[157].

Share Structure - As of the reporting date, the company has issued a total of 125,125,000 shares, including 100,100,000 Class A shares and 25,025,000 Class B shares[1]. - Major shareholders include China CITIC Group with 17.73% ownership, and Luo Xurui with 17.08% ownership of Class A shares[41]. - The company has issued 37,409,736 Class B shares as of the end of the reporting period, an increase from 25,025,000 shares at the beginning of the period[192]. - The company has issued a total of 35,600,000 warrants at a price of HKD 1.00 each during the private placement[151]. Financial Performance - The company's total comprehensive loss increased from approximately HKD 2.3 million to about HKD 27.1 million during the reporting period[46]. - The net loss for the period was HKD 27,098,737, which translates to a basic and diluted loss per share of HKD 1.08[123]. - The company incurred a total operating loss of HKD 26,558,197, compared to an operating loss of HKD 2,252,015 for the same period last year[123]. - The company reported interest income of HKD 21,473,507 for the six months ended June 30, 2023[123]. - The total equity as of June 30, 2023, stands at HKD (97,588,670)[165]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 1,028,823,736, compared to HKD 1,014,221,900 as of December 31, 2022[99]. - Total liabilities were reported at HKD 1,126,412,406, resulting in a negative net asset value of HKD (97,588,670)[99]. - The company had cash and cash equivalents of HKD 3,397,475 as of June 30, 2023, down from HKD 10,115,072 at the end of the previous year[99]. - The company experienced a decrease in cash and cash equivalents by HKD 6,717,597 during the reporting period[170]. - The total liabilities include HKD 102,874,772 from listed warrants and HKD 21,578,538 from deferred underwriting commissions[156]. Operating Activities - The company did not incur any capital expenditures or undertake any significant investments or acquisitions during the reporting period[22]. - There were no purchases, sales, or redemptions of any listed securities by the company during the reporting period[32]. - The company has no major plans for significant investments or capital assets beyond what has been disclosed in the report[23]. - The company has no significant future plans involving major investments or capital assets as of June 30, 2023[53]. - The company has not conducted any business since its establishment and does not expect to generate any operating income until the completion of the merger with a special purpose acquisition company[175]. Governance and Compliance - The company has adopted a code of conduct for trading its securities by directors and senior management to maintain high levels of corporate governance[30]. - The audit committee consists of three independent non-executive directors, and the interim results have not been audited by independent auditors[56]. - The interim financial report has not been audited but has been reviewed by KPMG according to the relevant standards[181]. - The company has not applied any new accounting standards that have not yet come into effect during the current reporting period[199]. Future Plans and Strategy - The company is focused on identifying high-growth companies in sectors such as innovative technology, consumer and new retail, high-end manufacturing, healthcare, and climate action in the Greater China region[13]. - The company is prepared for discussions and due diligence on potential acquisition targets, having secured HKD 20 million in loan financing[48]. - The company has a cash flow forecast indicating sufficient operating funds to meet obligations and continue operations for the next twelve months[179]. - As of June 30, 2023, the company has not identified any specific merger targets, but continues to seek potential acquisition opportunities[195]. - The company’s main business objective is to acquire suitable targets to complete the merger with a special purpose acquisition company, with no revenue generated during the reporting period[184]. Other Financial Information - The company recognized a fair value change of HKD 374,990 related to deferred underwriting commissions[123]. - The fair value change of deferred underwriting commissions recognized during the reporting period was approximately HKD 0.5 million, reflecting changes in the fair value of warrants classified as derivative liabilities[17]. - The company has a restricted cash balance of HKD 1,001,000,000 as of June 30, 2023[99]. - The company has no confirmed taxable profits and therefore has not recognized any income tax during the reporting period[188]. - The board has not proposed any interim dividend for the reporting period, as there is no intention to pay cash dividends before the completion of the SPAC merger[55].

Financial Position - As of June 30, 2023, the company's total assets were approximately HKD 1,028.8 million, an increase from HKD 1,014.2 million as of December 31, 2022[28]. - Cash and cash equivalents decreased to approximately HKD 3.4 million from HKD 10.1 million as of December 31, 2022, primarily due to net cash used in operating activities of approximately HKD 2.6 million and listing expenses of approximately HKD 4.1 million[28]. - Interest receivables increased significantly to approximately HKD 24.1 million from HKD 2.6 million as of December 31, 2022, mainly due to an increase in interest receivables from trust accounts[28]. - The company's total liabilities were reported at HKD 1,126,412,406, a decrease from HKD 1,130,385,429 in the previous period[65]. - The company's net liabilities decreased from approximately HKD 116.2 million as of December 31, 2022, to approximately HKD 97.6 million as of June 30, 2023[49]. - As of June 30, 2023, the company had no borrowings, making the asset-to-liability ratio not applicable[29]. - The company has a net debt of HKD 97,588,670 as of June 30, 2023, primarily due to financial liabilities including HKD 102,874,772 in listed warrants[99]. - The company has a redemption liability of HKD 1,001.0 million related to A-class shares, unchanged from the previous reporting period[162]. Operating Performance - The company reported an operating loss that increased from approximately HKD 2.3 million to approximately HKD 26.6 million during the reporting period[25]. - The net loss for the period increased from approximately HKD 2.3 million in the first half of 2022 to approximately HKD 27.1 million in the current reporting period[47]. - For the six months ending June 30, 2023, the company reported a total revenue of HKD 21,473,507, with a significant operating loss of HKD (26,558,197)[64]. - The company recorded a basic and diluted loss per share of HKD (1.08) for the same period, compared to HKD (0.06) in the previous period[64]. - The company has not generated any revenue from its main business of acquiring suitable targets for special purpose acquisition company transactions during the reporting period[102]. - The company has not generated any revenue during the reporting period and has focused solely on identifying potential acquisition targets[127]. - The company has incurred total expenses of HKD (45,673,596) during the reporting period[64]. - The company reported total expenses of HKD 2,107,235 for the six months ending June 30, 2023, compared to HKD 596,879 for the same period last year[81]. Acquisition Strategy - The company has not identified any specific acquisition targets or entered into binding agreements for any potential special purpose acquisition company transactions during the reporting period[22]. - The company is actively seeking acquisition targets with strong and sustainable growth prospects to recommend to shareholders for approval[30]. - The company is focused on identifying suitable targets for a business combination within the stipulated timeframe[73]. - The company is continuously seeking potential acquisition targets for special purpose acquisition company transactions[78]. - The company is actively seeking acquisition targets in high-growth sectors such as innovative technology, consumer and new retail, high-end manufacturing, healthcare, and climate action in the Greater China region[155]. Corporate Governance - The company has maintained a high level of corporate governance to safeguard shareholder interests and enhance corporate value[35]. - The company has established an audit committee in accordance with corporate governance guidelines[173]. - The company has not adopted any employee compensation policy since its establishment and will determine such policies post-acquisition[52]. Financial Management - The company aims to ensure its continued operation and provide returns to shareholders, with no external capital requirements imposed[20]. - The company plans to maintain or adjust its capital structure through the issuance of new shares or debt financing as needed[124]. - The company has sufficient financial resources to meet its ongoing capital requirements prior to the completion of the acquisition of the special purpose acquisition company[132]. - The company plans to gradually utilize the remaining unallocated funds held outside the trust account upon the completion of the acquisition transaction within 36 months post-listing[191]. - The company confirmed interest income of approximately HKD 21.5 million during the reporting period, compared to zero in the previous year[177]. Shareholder Matters - The company has obligations to redeem Class A shares at HKD 10 per share under certain conditions, and if not redeemed, will issue additional warrants[6]. - Shareholders will receive 0.2 additional warrants for each A share held if the special purpose acquisition company transaction is not redeemed[96]. - The company has not declared or paid any dividends during the reporting period[121]. - The company has not proposed any final dividend for the reporting period due to the ongoing acquisition transaction[168]. Compliance and Reporting - The independent auditor, PwC, has reviewed the interim financial data according to the Hong Kong Institute of Certified Public Accountants' standards[192]. - The interim performance and interim report will be published[193]. - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the current accounting period[79]. - The company has not made any changes to its accounting policies during the reporting period[180]. - There were no significant subsequent events reported after the reporting period[174].

Offering and Proceeds - The company completed its offering on September 16, 2022, which included 100,100,000 Class A shares at a price of HKD 10.00 per share and 40,040,000 listed warrants[16]. - The total proceeds from the offering amounted to HKD 1,001.0 million, which has been held in a restricted bank account[16]. - The company received total proceeds of HKD 1,001.0 million from the issuance, held in a custodial account for specific acquisition transactions and shareholder redemption requests[25]. - The total amount raised from the sale was HKD 1,001.0 million, held in a restricted bank balance in a custodial account[178]. Financial Performance - The company recorded a total comprehensive loss of approximately HKD 139.1 million during the reporting period, primarily due to expenses related to the sponsor shareholders[17]. - The company did not engage in any business operations during the reporting period and generated no revenue, aside from interest income of HKD 2.6 million[20]. - Operating expenses for the company during the reporting period amounted to HKD 2.3 million, resulting in an operating loss of HKD 96.3 million[20]. - As of December 31, 2022, the company's liabilities amounted to HKD 116.2 million[22]. - As of December 31, 2022, the company had current liabilities of HKD 1,130.4 million, mainly consisting of Class A shares valued at HKD 1,001.0 million[26]. - As of December 31, 2022, the company's accrued expenses and other payables amounted to HKD 4.5 million, primarily including accrued listing expenses and other operating expenses[105]. - The company has no contingent liabilities as of December 31, 2022[108]. - There are no assets pledged as collateral as of December 31, 2022[109]. - There are no distributable reserves as of December 31, 2022, and details of reserve changes are included in the financial statements[187]. Acquisition Strategy - The company has not identified any specific acquisition targets or entered into any binding agreements for potential mergers or acquisitions during the reporting period[17]. - The company’s only activity since its incorporation has been related to the offering and seeking potential acquisition targets[17]. - The company aims to identify acquisition targets with strong and sustainable growth prospects in the coming months[57]. - The company may not complete the merger with a special purpose acquisition company due to limited resources and intense competition for such opportunities[67]. - The total expenses related to the merger with a special purpose acquisition company, including legal, accounting, and due diligence costs, are currently unestimable[69]. - The company plans to conduct comprehensive due diligence on potential acquisition targets and expects significant costs related to legal, financial reporting, accounting, and audit compliance[106]. - The company has not selected any specific acquisition targets and has not engaged in substantial discussions regarding mergers or acquisitions as of the report date[124]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors[112]. - The company has established a board of independent non-executive directors, with each receiving an annual director's fee of HKD 150,000[171]. - The company has obtained liability insurance to provide appropriate protection for its directors[186]. - The company has not entered into any arrangements allowing directors to benefit from purchasing shares or debt securities of the company or any other entity during the reporting period[192]. Employee and Operational Matters - The company does not plan to hire any full-time employees until the merger with a special purpose acquisition company is completed[84]. - The company has no full-time employees and did not incur any employee costs during the reporting period[107]. - The company has no full-time employees and therefore does not operate any pension plans for employees as of December 31, 2022[180]. - The management emphasizes the importance of maintaining good relationships with employees and stakeholders to achieve short-term and long-term goals[133]. Compliance and Regulations - The company has complied with applicable environmental protection laws and regulations in its operations[127]. - The company has not recorded any serious breaches or non-compliance with applicable laws and regulations during the reporting period[151]. - The company has not conducted any related party transactions that would require disclosure under the listing rules during the reporting period, except for loan financing[154]. Future Outlook - The company has not provided any specific performance guidance or future outlook in the report[126]. - The company plans to gradually utilize the remaining unutilized funds within 36 months after the completion of a merger with a special purpose acquisition company[142]. - The company will continue to focus on the business strategies outlined in the listing documents[110]. Miscellaneous - The company has not made any charitable donations during the reporting period[184]. - The board has not proposed any final dividends for the reporting period prior to the completion of the merger with the special purpose acquisition company[185]. - The company has not issued any new shares or repurchased any listed securities from the listing date to December 31, 2022[164]. - Primavera LLC holds 15,015,000 Class B shares, representing 60% of the relevant class and 12% of the total issued shares[196]. - ABCI AM Acquisition holds 10,010,000 Class B shares, representing 40% of the relevant class and 8% of the total issued shares[196].

於 發 生 本 公 司 及 持 有 人 無 法 控 制 的 情 況 時A類 股 份 的 贖 回 義 務，以 及 於 未 贖 回 A類 股 份 的 情 況 下 發 行 額 外 認 股 權 證，均 會 產 生 金 融 負 債。 – 8 – A類 股 份 變 動 如 下： | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|-------------------------| | | | | | | | | 二 零 二 二 年 | | 負 債 部 分 | 元 | | 於 一 月 十 一 日（註 冊 成 立 日 期） | – | | 發 行 A 類 股 份 | 1,001,000,000 | | | | | 發 行 A 類 股 份 應 佔 交 易 成 本 於 損 益 確 認 的 負 債 賬 面 值 變 動 | (42,078,925) 42,078,925 | | 於 十 二 月 三 十 一 日 | 1 ...

Financial Reporting - The company will not independently prepare and send an interim report or summary report for the six months ended June 30, 2022, as it has included the financial performance in the listing document[2] - Financial performance for the six months ended June 30, 2022, is available in the listing document, which can be accessed on the Hong Kong Stock Exchange website and the company's website[4]