Revenue Growth - Total revenue for the six months ended September 30, 2020, was approximately HKD 29,896,431, an increase of HKD 8,024,549 or 36.7% compared to HKD 21,871,882 for the same period in 2019[11] - Online account appointment service revenue increased by 241% to HKD 2.99 million, up from HKD 0.87 million for the same period in 2019[12] - The revenue from "Trading Treasure Public Version" during the reporting period was HKD 4.09 million, a significant increase of 870% from HKD 0.42 million for the six months ended September 30, 2019[13] - The company's total revenue for the reporting period was approximately HKD 29.90 million, representing a 36.7% increase from HKD 21.87 million for the same period last year[18] - Revenue for the six months ended September 30, 2020, was HKD 29,896,431, representing a 36.7% increase from HKD 21,871,882 in the same period of 2019[92] - The revenue from front-end trading system services was HKD 11,460,000, up from HKD 10,804,000 in the previous year, indicating a growth of approximately 6.1%[112] - The company’s revenue from data services reached HKD 7,358,000, an increase from HKD 6,889,000 in the previous year, representing a growth of about 6.8%[112] - The company’s revenue from online account appointment services was HKD 2,991,000, significantly up from HKD 876,000 in the previous year, indicating a growth of approximately 241.5%[112] Profit and Earnings - The net profit for the reporting period was approximately HKD 7.72 million, an increase of 33.2% compared to HKD 5.80 million for the same period last year[19] - The group recorded a net profit of HKD 7,723,687 during the reporting period, an increase of approximately HKD 1,926,180 or 33.2% compared to the same period last year[34] - Basic earnings per share attributable to shareholders were HKD 0.0163, compared to HKD 0.0122 for the same period last year[20] - Profit before tax for the same period was HKD 8,387,893, up 42.5% from HKD 5,886,305 in 2019[92] - Net profit for the six months ended September 30, 2020, was HKD 7,723,687, compared to HKD 5,797,507 in 2019, marking a 33.3% increase[92] - Total comprehensive income for the period was HKD 9,253,393, significantly higher than HKD 4,749,815 in the previous year, reflecting a 94.5% increase[92] - Basic and diluted earnings per share for the period were HKD 1.63, compared to HKD 1.22 in the same period last year, indicating a 33.6% increase[92] Operational Developments - The company added 12 new Hong Kong brokers as online account appointment service providers during the reporting period[12] - The company signed new front-end trading system service contracts with 6 Hong Kong brokers during the reporting period, and 39 Hong Kong brokers are currently using the online account opening appointment system[24] - The company aims to provide comprehensive system and operational services to Hong Kong brokers, enhancing their operational capabilities[12] - The company is focused on expanding its customer base through online non-face-to-face account opening methods, accelerated by the COVID-19 pandemic[12] - The active IPO market in Hong Kong has attracted more individual and institutional investors, benefiting the company's service offerings[12] Financial Position - As of September 30, 2020, the group held cash and cash equivalents of approximately HKD 18,682,714, a significant increase from HKD 1,744,886 as of March 31, 2020[37] - The net asset value of current assets was approximately HKD 53,193,408, up from HKD 41,913,097 as of March 31, 2020[37] - The group has zero borrowings as of September 30, 2020, indicating a debt-free status[37] - The company's total assets as of September 30, 2020, were HKD 68,930,370, an increase from HKD 59,727,227 as of March 31, 2020[94] - The company's net asset value increased to HKD 67,247,565 from HKD 57,994,172 as of March 31, 2020, reflecting a growth of 15.5%[94] Employee and Operational Costs - Employee costs increased by 53.8% to approximately HKD 9.93 million, compared to HKD 6.46 million for the same period last year[30] - The total employee welfare expenditure, including director remuneration, was approximately HKD 9,929,755, compared to HKD 6,456,872 in the same period last year, representing an increase of about 54.3%[58] - The company incurred a total employee cost of HKD 9,929,000 for the six months ended September 30, 2020, compared to HKD 6,457,000 in the same period of 2019, marking an increase of approximately 53.5%[118] Strategic Initiatives - The net proceeds from the IPO amounted to approximately HKD 41.5 million, which will be allocated for various strategic initiatives[44] - The company plans to enhance its R&D capabilities with an allocation of HKD 6.1 million for developing innovative products[44] - Marketing activities are set to receive HKD 5.4 million to attract more registered users and increase revenue[44] - The establishment of a subsidiary to provide over-the-counter trading services in Hong Kong is part of the company's strategy to diversify its business[45] - The company aims to develop a new trading system for dark pool transactions, with an expected allocation of HKD 6.7 million[44] Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period, except for the separation of roles between the Chairman and CEO[82] - The company has three independent non-executive directors, ensuring a balanced distribution of power and authority within the board[82] - The company has received confirmations from its controlling shareholders regarding compliance with non-competition agreements during the reporting period[84] Miscellaneous - The company did not declare any dividends for the reporting period, consistent with the previous period[21] - The company has not incurred any contingent liabilities as of September 30, 2020[52] - The company has no significant capital commitments as of September 30, 2020[53] - The company has no significant asset pledges as of September 30, 2020[54] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[55] - The company has not reported any significant events affecting the group after September 30, 2020, indicating stability in operations[88] - No post-reporting events occurred that could significantly impact the group's assets, liabilities, or future operations[142]

Financial Performance - For the three months ended June 30, 2020, the group recorded unaudited revenue of approximately HKD 13.82 million, an increase of about 30.0% compared to HKD 10.64 million for the same period in 2019[8] - The group's net profit for the same period was approximately HKD 3.79 million, representing a 38.4% increase from HKD 2.74 million in the prior year[8] - Basic earnings per share attributable to owners of the company for the three months ended June 30, 2020, was HKD 0.80, compared to HKD 0.58 for the same period in 2019[8] - Total revenue for the three months ended June 30, 2020, was HKD 13,822,962, an increase of 30.5% compared to HKD 10,636,468 for the same period in 2019[20] - Basic earnings per share for the period were HKD 3,789,757, compared to HKD 2,739,368 for the same period in 2019, marking an increase of 38.3%[22] - The company recorded a profit of HKD 3,789,757, an increase of HKD 1,050,389 or 38.3% compared to the same period last year[40] User Growth - As of June 30, 2020, the number of registered users for the open securities trading platform "TradeGo Public Version" reached 170,305, an increase of 44.4% from 117,936 users a year earlier[8] - The number of registered users for the "Trading Treasure Public Version" reached 170,305, an increase of 52,369 users or approximately 44.4% year-on-year[34] Revenue Sources - Front-end trading system services generated revenue of HKD 5,707,830, up from HKD 5,195,212, reflecting a growth of 9.8% year-over-year[20] - Online account opening services saw significant growth, with revenue increasing to HKD 1,254,701 from HKD 450,057, representing a rise of 178.5%[20] - Revenue from online appointment account opening services increased by 179% to HKD 1.25 million, compared to HKD 450,000 in the same period last year[34] - Revenue from the "New Stock Connect" feature increased by 1,684% to HKD 1.57 million, compared to HKD 88,000 in the same period last year[32] Dividend Policy - The board did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[8] - The company did not declare any interim dividends for the three months ended June 30, 2020[24] Tax and Expenses - The company reported a total tax expense of HKD 271,126 for the period, compared to a tax benefit of HKD (40,883) in the previous year[20] - Employee costs increased by HKD 1,236,322 or 40.7% to HKD 4,270,655 due to reduced capitalization of new R&D projects[37] - Depreciation and amortization expenses increased by HKD 988,710 or 103.4% to HKD 1,945,075, primarily due to increased amortization of right-of-use assets[38] Strategic Initiatives - The company plans to enhance its integrated securities trading platform services to attract more institutional clients[43] - The company aims to increase investment in the "Trading Treasure Public Version" to better serve market participants related to IPO activities[44] - The company has established a subsidiary agreement with a partner to provide over-the-counter trading services in Hong Kong[44] IPO Proceeds - The net proceeds from the IPO amount to approximately HKD 41.5 million, with HKD 25.6 million remaining unutilized as of June 30, 2020[46] - 37.5% of the net proceeds, equating to HKD 15.6 million, is allocated for establishing a domestic R&D center[46] - 14.7% of the net proceeds, or HKD 6.1 million, is designated for developing innovative products and enhancing R&D capabilities[46] - As of June 30, 2020, HKD 15.9 million of the proceeds has been utilized[46] - The company plans to use the unutilized proceeds to maximize shareholder returns, as reassessed by the board[46] Shareholder Information - The total number of issued shares as of June 30, 2020, is 500,000,000[50] - Liu Yong holds a 45.66% equity interest, representing 228,303,791 shares[48] - Major shareholder Maojia Holdings Limited holds 154,264,654 shares, representing 30.85% of the total shares[54] - Liu Xiaoming holds 228,303,791 shares, accounting for 45.66% of the total shares[54] Corporate Governance - The company has complied with all applicable corporate governance codes as per GEM listing rules, except for the separation of roles between the Chairman and CEO, which is deemed beneficial for operations[69] - No changes in the board of directors occurred during the reporting period[72] - The audit committee has reviewed the unaudited results for the three months ending June 30, 2020, confirming compliance with applicable accounting standards and sufficient disclosure[76] Non-Competition and Compliance - The company has established a non-competition agreement with several entities, effective from August 29, 2018, to protect its interests[67] - The company does not have any competitive business activities that conflict with its operations[65]

Financial Performance - For the reporting period, the revenue was approximately HKD 51,752,730, an increase of about 11.7% compared to HKD 46,311,429 in the previous year[6] - The profit for the reporting period was HKD 13,025,105, compared to a loss of HKD 17,697,740 in the same period last year[7] - The company's revenue increased by HKD 5,441,301 or 11.7% to HKD 51,752,730, compared to HKD 46,311,429 in the previous period[18] - The group's profit before tax was HKD 13,253,371, a significant improvement from a loss of HKD 16,892,454 in the previous year, attributed to revenue growth and cost reductions[51] - Earnings per share for the reporting period were HKD 0.0274, compared to a loss per share of HKD 0.0406 in the same period last year[54] - The company reported a net profit margin of 12% for 2019, reflecting improved operational efficiency[78] User Growth and Engagement - The number of registered users for the open securities trading platform "TradeGo" increased to approximately 144,000, up by about 28.6% from 112,000 in the previous year[10] - The number of registered users for the integrated platform "Bao" reached approximately 292,000, an increase of 32% from 221,000 in the previous year[14] - The number of registered users for the trading platform increased by approximately 32,000 or 28.6% to about 144,000, up from approximately 112,000[18] - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users, reaching 1.5 million users by the end of 2019[78] Research and Development - Research and development expenses were HKD 4,344,707, a decrease of approximately 53.4% from HKD 9,322,658 in the previous year[9] - The company has recruited 28 R&D personnel to enhance its research and development capabilities[25] - The company has purchased four computers and various testing devices to enhance R&D capabilities and improve software compatibility[1] - The establishment of a research and development center in Shenzhen is planned, with a property of approximately 700 square meters being sought[31] Cost Management - Direct costs for the reporting period were HKD 14,982,032, an increase of HKD 3,697,820 or 32.8% compared to the previous period, primarily due to the purchase of technical services to optimize backend management software[43] - Employee costs for the reporting period were HKD 13,629,050, a decrease of HKD 10,817,947 or 44.3% compared to the previous period, attributed to increased capitalization of R&D project employee costs[45] - Selling, general, and administrative expenses for the reporting period were HKD 7,417,372, a decrease of HKD 2,247,848 or 23.3% compared to the previous period, primarily due to reduced audit and rental expenses[47] Strategic Initiatives - The company signed new service contracts with 14 Hong Kong brokers during the reporting period to expand its front-end trading system services[13] - The company aims to enhance its integrated securities trading platform services and attract more institutional clients with upgraded systems[21] - The company plans to continue investing in cloud infrastructure to support institutional clients transitioning to online services[21] - A strategic acquisition of a fintech startup is in progress, expected to enhance the company's service offerings and customer base[78] Corporate Governance - The company adheres to high standards of corporate governance to enhance transparency and improve disclosure quality[198] - The board consists of seven members, including three executive directors and three independent non-executive directors, complying with GEM listing rules[200] - All independent non-executive directors confirmed their independence according to GEM listing rules[152] - The governance report confirms adherence to the corporate governance code, with one exception noted[198] Market and Regulatory Environment - The company actively monitors global and local regulatory developments that may impact its operations and has set up a management team to respond to changes[1] - The company continues to face risks related to rapid changes in the integrated securities trading platform market and potential cybersecurity threats[108] Dividend Policy - The company did not recommend the payment of any final dividend for the reporting period[11] - The board does not recommend any final dividend for the reporting period, consistent with the previous year[68] Employee and Talent Management - The company has a stock option plan in place aimed at attracting and retaining top talent, with a maximum of 50,000,000 shares available for issuance, representing 10% of the issued shares[138] - The company adopted a share incentive plan on December 19, 2018, aimed at rewarding employees and attracting talent for long-term growth[146] - The company has not provided any additional retirement benefits beyond mandatory contributions to the MPF scheme and social insurance in China[186] Financial Position - Cash and cash equivalents as of March 31, 2020, were HKD 45,798,364, a decrease of HKD 3,119,792 or 6.4% from HKD 48,918,156 a year earlier[55] - As of March 31, 2020, the distributable reserves available to shareholders amounted to approximately HKD 41,074,743, a decrease from HKD 47,594,205 in the same period last year[119] - The company maintained no bank borrowings during the reporting period[124]

Financial Performance - For the nine months ended December 31, 2019, the group recorded revenue of HKD 36,415,654, an increase of HKD 926,743 compared to HKD 35,488,911 for the same period in 2018, representing a growth of approximately 2.6%[5] - The group achieved a net profit of HKD 9,411,622 for the reporting period, a significant turnaround from a loss of HKD 9,683,310 in the same period of 2018[5] - Basic earnings per share attributable to owners of the company for the reporting period was HKD 1.98, compared to a basic loss per share of HKD 2.32 for the same period in 2018[5] - Revenue for the three months ended December 31, 2019, was HKD 14,543,772, compared to HKD 11,102,918 for the same period in 2018, indicating a growth of approximately 30.5%[10] - The group reported a profit before tax of HKD 9,537,308 for the nine months ended December 31, 2019, compared to a loss before tax of HKD 9,152,762 in the same period of 2018[10] - Total comprehensive income for the nine months ended December 31, 2019, was HKD 8,529,729, a significant improvement from a total comprehensive loss of HKD 10,400,145 in the same period of 2018[10] Cost Management - The group incurred employee costs of HKD 12,361,252 for the nine months ended December 31, 2019, down from HKD 16,239,682 in the same period of 2018, representing a reduction of approximately 24.5%[10] - The group’s direct costs for the nine months ended December 31, 2019, were HKD 7,986,669, a decrease from HKD 8,740,052 in the same period of 2018, indicating a reduction of approximately 8.6%[10] - Direct costs decreased by HKD 753,383 or 8.6% to HKD 7,986,669, mainly due to reduced expenses for leased cloud infrastructure and broadband services[53] - Employee costs decreased by HKD 3,878,430 or 23.9% to HKD 12,361,252, attributed to increased capital allocation for new R&D projects[55] User Growth and Market Expansion - The number of registered users for the open securities trading platform "TradeGo Public Version" increased to approximately 137,000, up by about 28,000 users from 109,000 as of December 31, 2018, reflecting a growth of approximately 25.7%[5] - The number of registered users for the trading platform increased by approximately 28,000 or 26.1% to about 137,000 as of December 31, 2019, compared to 109,000 a year earlier[42] - The company signed new front-end trading system service contracts with 15 Hong Kong brokers during the reporting period[42] - The group aims to enhance its service portfolio and expand its customer base through new service development and marketing activities, particularly in the Greater Bay Area[63] - The group plans to apply for additional market data supplier licenses to strengthen its integrated securities trading platform services[63] Dividend Policy - The board did not declare any dividends during the reporting period, consistent with the previous year[6] - The company did not declare or pay any dividends for the nine months ended December 31, 2019[40] - The group has not declared any dividends during the reporting period, consistent with the previous period[62] Shareholding Structure - As of December 31, 2019, the total number of issued shares was 500,000,000[70] - Liu Yong holds 228,303,791 shares, representing 45.66% of the total shares[76] - Miao Jia Holdings Limited owns 154,264,654 shares, accounting for 30.85% of the total shares[76] - Xin Cheng International Limited holds a total of 74,039,137 shares, which is 14.81% of the total shares[76] - VMI Mega Growth Fund SPC owns 56,150,000 shares, representing 11.23% of the total shares[76] - He Zhi Global Limited holds 52,650,053 shares, accounting for 10.53% of the total shares[76] - The total shareholding of Liu Xiaoming, as a spouse, is 228,303,791 shares, which is 45.66%[76] - The total shareholding of Chen Chaohua, as a spouse, is 126,689,190 shares, which is 25.34%[76] - The total shareholding of Lu Ximeng, as a spouse, is 74,039,137 shares, which is 14.81%[76] - First Shanghai Securities Limited holds 25,000,000 shares, representing 5.00% of the total shares[76] Compliance and Governance - The company has adhered to the corporate governance code, except for the separation of roles between the Chairman and CEO[98] - The company confirmed compliance with the minimum public float requirement of at least 25%[99] - The audit committee reviewed the unaudited consolidated financial statements for the three and nine months ended December 31, 2019, confirming compliance with applicable accounting standards and GEM listing rules[112] Accounting Policies - The company adopted HKFRS 16 on April 1, 2019, which resulted in the recognition of right-of-use assets and lease liabilities of HKD 5,938,670[19] - The total non-current assets increased to HKD 15,143,828 after the adoption of HKFRS 16[20] - The company has not made any adjustments to the opening equity balance as a result of the adoption of HKFRS 16[24] - The company adopted a new leasing accounting policy, measuring right-of-use assets based on the present value of future lease payments[28] COVID-19 Response - The company implemented remote working measures for its subsidiaries in Shenzhen from January 29 to February 9, 2020, in response to the COVID-19 pandemic, ensuring stable customer service through cloud infrastructure[109]

User Growth and Market Expansion - During the reporting period, the number of registered users for the open securities trading platform software "TradeGo Public Version" increased to 123,062, representing an increase of approximately 18,442 users or 17.6% compared to 104,620 users as of September 30, 2018[8]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased by approximately 18,442 or 17.6% to about 123,062 users[11]. - The company aims to maintain its market-leading position in providing integrated securities trading platforms for Hong Kong brokers[9]. - The company is actively seeking opportunities for market expansion and acquisitions to increase its business scale and provide sustainable returns to shareholders[30]. - The company plans to continue expanding its integrated securities trading platform services to better serve its clients in Hong Kong[90]. Financial Performance - The group reported a net profit of approximately HKD 5,886,305, compared to a loss of approximately HKD (9,546,635) in the same period last year[11]. - Revenue for the period was approximately HKD 21,871,882, a decrease of 10.3% from HKD 24,385,993 in the same period last year[11]. - Basic earnings per share attributable to owners of the company were HKD 1.22, compared to a basic loss per share of approximately HKD (2.76) in the same period last year[11]. - The net profit for the period was HKD 5,797,507, compared to a loss of HKD 10,374,895 in the same period of 2018, reflecting a positive performance shift[81]. - Total comprehensive income for the period was HKD 4,749,815, which includes other comprehensive losses of HKD 1,047,692[87]. Research and Development - The company is actively increasing its research and development investment to expand its integrated trading system services amid market uncertainties due to factors like the US-China trade war[7]. - The newly developed employee stock option management system has received positive market feedback, leading to new cooperation agreements with major Hong Kong brokers[8]. - 14.7% of the net proceeds (HKD 6.1 million) will be used for developing innovative products and enhancing R&D capabilities[32]. Operational Developments - The company has established new front-end trading system service contracts with five Hong Kong brokers, enhancing its integrated front-end trading system services[7]. - The group signed new front-end trading system service contracts with 11 Hong Kong brokers during the reporting period[15]. - The group launched a data-driven product "AiH" to track information on stocks listed under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect systems[15]. Shareholder Information - The total number of issued shares was 500,000,000 as of September 30, 2019[51]. - The total beneficial ownership of Xin Cheng International Limited is 74,039,137 shares, representing 14.81% of total shares[57]. - Major shareholders include Maojia Holdings Limited and Fuwang Global Limited, each holding 154,264,654 shares, representing 30.85% of total shares[57]. Cash Flow and Assets - The net cash generated from operating activities was HKD 5,493,503, a significant improvement from a cash outflow of HKD 556,491 in the prior year[89]. - The company incurred a cash outflow of HKD 6,889,500 for intangible asset payments during the investment activities[89]. - Cash and cash equivalents decreased by HKD 2,897,483, resulting in a balance of HKD 45,447,349 as of September 30, 2019[89]. Compliance and Governance - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2019, ensuring compliance with applicable accounting standards[79]. - The company has adopted a code of conduct for securities transactions by directors, confirming compliance with GEM listing rules[72]. - The company maintained a balanced governance structure with three independent non-executive directors, ensuring no individual has unfettered decision-making power[73]. Economic Environment and Challenges - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area presents both unprecedented development opportunities and competitive challenges for the company[7]. - The company has delayed the establishment of a marketing center in Hong Kong due to economic slowdown and uncertainties from US-China trade tensions[41].

Financial Performance - For the three months ended June 30, 2019, the group recorded unaudited revenue of approximately HKD 10.64 million, a decrease of about 9.9% compared to HKD 11.80 million for the same period in 2018[6]. - The group's net profit for the same period was approximately HKD 2.74 million, an increase of 77.1% from HKD 1.55 million in the previous year[6]. - Basic earnings per share attributable to owners of the company for the three months ended June 30, 2019, was HKD 0.58, compared to HKD 0.41 for the same period in 2018[6]. - The group reported a pre-tax profit of HKD 2.78 million for the period, compared to HKD 2.27 million in the same period last year[11]. - Total comprehensive income for the period was HKD 2.21 million, up from HKD 1.14 million in the previous year[11]. - The group's revenue for the period was approximately HKD 10,636,468, a decrease of about HKD 1,164,266 or 9.9% compared to the same period in 2018[37]. - Other income for the period was HKD 1,196,344, an increase of HKD 1,078,892 or 918.6% compared to the same period in 2018, primarily due to increased interest income and government grants[38]. - The group recorded a profit of HKD 2,739,368 for the period, an increase of HKD 1,192,713 or 77.1% compared to the same period in 2018, driven by increased other income and reduced employee costs[44]. User Growth and Market Expansion - As of June 30, 2019, the number of registered users on the open securities trading platform "TradeGo Public Version" was approximately 117,936, an increase of about 17,841 users or 17.8% from 100,095 users a year earlier[6]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased to approximately 117,936, representing an increase of about 17,841 users or 17.8% from 100,095 users a year ago[32]. - The company plans to officially launch the "China-Hong Kong Stock Connect Data Treasure" in the second half of 2019, aiming to expand its market presence[32]. - The company anticipates continued expansion in the Hong Kong financial market, which will drive further growth opportunities[32]. Cost Management - The group’s direct costs for the period were HKD 2.72 million, slightly reduced from HKD 2.73 million in the previous year[11]. - Employee costs decreased to HKD 3.03 million from HKD 4.25 million year-on-year[11]. - Employee costs decreased to HKD 3,034,333, down HKD 1,210,882 or 28.5% compared to the same period in 2018, mainly due to increased capitalization of research and development projects[39]. - Sales, general, and administrative expenses increased to HKD 2,345,420, an increase of HKD 727,392 or 45.0% compared to the same period in 2018, due to higher legal, professional, and advertising expenses[43]. - Depreciation and amortization increased to HKD 956,365, an increase of HKD 76,847 or 8.7% compared to the same period in 2018, primarily due to increased amortization of internally developed software systems[40]. Corporate Governance and Shareholder Information - The board did not declare any dividends for the three months ended June 30, 2019, consistent with the previous year[6]. - The company did not declare or pay any interim dividends for the periods ending June 30, 2018, and June 30, 2019[27]. - As of June 30, 2019, the total number of issued shares was 500,000,000[64]. - Maojia Holdings Limited holds 154,264,654 shares, representing 30.85% of total shares[62]. - Xincheng International Limited holds a total of 74,039,137 shares, accounting for 14.81% of total shares[62]. - VMI Mega Growth Fund SPC holds 56,150,000 shares, which is 11.23% of total shares[62]. - Hezhi Global Limited holds 52,650,053 shares, representing 10.53% of total shares[62]. - Liu Xiaoming holds 228,303,791 shares, which is 45.66% of total shares[62]. - The company does not have any other known shareholders with significant interests as of June 30, 2019[68]. - The company is subject to the Securities and Futures Ordinance regarding the disclosure of interests and short positions[59]. - The voting rights of shareholders are controlled by the board of directors of Xincheng International Limited[64]. - The company has adopted a share option plan on August 29, 2018, aimed at attracting and retaining outstanding employees, with no options granted, exercised, or canceled by June 30, 2019[69]. - The company established a pre-IPO share incentive plan on July 16, 2015, revised on July 10, 2017, to recognize contributions to business growth[70]. - The company adopted a share award plan on December 19, 2018, to reward employees and attract talent, with a total of 24,820,000 shares purchased at approximately HKD 12,445,379 by June 30, 2019[72]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the period[73]. - The company confirmed that no competitive business activities were conducted by directors or major shareholders during the period[74]. - The company has complied with all applicable corporate governance codes, except for a deviation regarding the separation of roles between the chairman and CEO[79]. - The audit committee, established on August 29, 2018, reviewed the unaudited results for the three months ending June 30, 2019, ensuring compliance with applicable accounting standards and regulations[89]. - There were no significant events affecting the group after June 30, 2019, up to the report date[86]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance during the period[84]. - There were no changes in the board of directors during the period[85]. Future Plans and Product Development - The company plans to enhance its integrated securities trading platform services and expand its customer base by improving existing services and developing new service offerings[46]. - A new trading desk product is set to be launched in the second half of 2019, designed to accelerate the processing of investor transaction orders[32].

Financial Performance - For the fiscal year ending March 31, 2019, the revenue was approximately HKD 46,311,429, an increase of about 7.2% compared to HKD 43,209,034 for the previous year[9]. - The loss for the reporting period was HKD 17,697,740, compared to a loss of HKD 1,069,348 for the previous year[10]. - The company's revenue for the reporting period was HKD 46,311,429, an increase of HKD 3,102,395 or 7.2% compared to the previous year[30]. - The company reported a pre-tax loss of HKD 16,892,454, compared to a pre-tax profit of HKD 643,186 in the previous year, mainly due to increased expenses[38]. - The net loss for the period was HKD 17,697,740, compared to a loss of HKD 1,069,348 in the previous year, driven by increased operational costs[40]. - The loss per share during the reporting period was HKD 4.06, an increase of HKD 3.77 or 1,300% compared to the loss of HKD 0.29 per share in the same period last year[41]. Research and Development - Research and development expenses increased to HKD 9,322,658, representing a 90.9% increase from HKD 4,882,728 in the previous year[10]. - The company plans to enhance its research and development capabilities by recruiting additional R&D personnel to meet market demands and regulatory requirements[23]. - The company is developing the "China-Hong Kong Connect Data Treasure" and "Trading Counter" products to enhance its trading capabilities and improve order processing efficiency[20]. - The company completed the development of a customized solution for employee stock option management, which was launched in November 2018 with positive market feedback[16]. User Growth and Market Expansion - The number of registered users for the open securities trading platform "TradeGo Public Version" increased to approximately 112,000, up by about 16,000 or 16.7% from 96,000 the previous year[11]. - The company signed new service contracts with 14 Hong Kong brokers during the reporting period, expanding its integrated front office trading system services[15]. - The company aims to strengthen its integrated securities trading platform services by improving existing service offerings and developing new ones, as well as expanding its customer base[21]. - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area presents unprecedented development opportunities and competitive challenges for the company[15]. Financial Position and Cash Flow - As of March 31, 2019, cash and cash equivalents amounted to HKD 48,918,156, an increase of HKD 40,830,930 or 504.9% compared to HKD 8,087,226 as of March 31, 2018[42]. - The net current assets as of March 31, 2019, were HKD 38,730,100, up from HKD 4,423,273 as of March 31, 2018[44]. - Direct costs decreased to HKD 11,284,212, a reduction of HKD 624,766 or 5.2% from the previous year, primarily due to adjustments in licensing fees paid to data providers[30]. - Other income increased significantly to HKD 435,391, up HKD 301,983 or 226.4% year-on-year, mainly driven by increased interest income and government subsidies[31]. Corporate Governance and Management - The company reported a significant increase in overall management and strategic development under the leadership of its executive directors, with a focus on compliance and financial oversight[60][64]. - The management team has over 10 years of experience in the financial industry, contributing to the company's strategic direction and decision-making processes[60][61]. - The independent directors bring extensive experience in corporate governance, financial management, and legal affairs, enhancing the company's oversight capabilities[65][69][71]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[174]. Shareholder Information - As of March 31, 2019, the total number of issued shares was 500,000,000[146]. - Liu Yong holds 228,303,791 shares, representing 45.66% of the total shares[144]. - Maojia Holdings Limited owns 154,264,654 shares, accounting for 30.85% of the total shares[144]. - The total shareholding structure indicates significant control by a few major shareholders[144]. Risk Management - The company faces risks related to rapid changes in the integrated securities trading platform market and potential cybersecurity threats[90]. - The company has established a risk management system to monitor market trends and competitor activities[90]. - The focus on compliance and risk management is critical to maintaining investor confidence and ensuring sustainable growth[64][71]. Employee and Environmental Commitment - The company is committed to environmental protection and seeks to minimize its operational impact on the environment[92]. - The company emphasizes the importance of maintaining good relationships with employees, customers, and suppliers for achieving its goals[88]. - The company has established an incentive plan to reward participants for their contributions to business growth[114]. Audit and Compliance - The independent auditor, KPMG, audited the consolidated financial statements for the year ended March 31, 2019[169]. - The audit committee reviewed the consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[171]. - The company adhered to the corporate governance code as per GEM listing rules, with an exception noted for code provision A.2.1[173].

Financial Performance - For the nine months ended December 31, 2018, the group recorded unaudited revenue of approximately HKD 35.5 million, an increase of about 17.6% compared to HKD 30.2 million for the same period in 2017[5]. - The adjusted profit for the nine months ended December 31, 2018, was approximately HKD 2.4 million, a decrease of 46.7% from HKD 4.5 million for the same period in 2017[5]. - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 10.4 million, compared to a total comprehensive income of HKD 0.058 million for the same period in 2017[9]. - The group reported a revenue of HKD 11.1 million for the three months ended December 31, 2018, compared to HKD 9.4 million for the same period in 2017[9]. - The company’s revenue for the nine months ended December 31, 2018, was approximately HKD 35,489,000, an increase of about HKD 5,303,000 or 17.6% compared to HKD 30,186,000 for the same period in 2017[35]. - The total revenue for the three months ended December 31, 2018, was HKD 11,103,000, an increase from HKD 9,449,000 in 2017, representing a growth of approximately 17.5%[25]. User Growth - The registered user count for the open securities trading platform "TradeGo Public Version" reached approximately 109,000, an increase of about 19.8% from 91,000 as of December 31, 2017[5]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased to approximately 109,000, up by about 18,000 or 19.8% from 91,000 as of December 31, 2017[35]. Losses and Costs - The basic loss per share attributable to owners of the company for the nine months ended December 31, 2018, was HKD 2.32, compared to a basic loss of HKD 0.05 for the same period in 2017[5]. - The group experienced a net loss of HKD 9.68 million for the nine months ended December 31, 2018, compared to a net gain of HKD 1.378 million for the same period in 2017[9]. - Employee costs for the period were approximately HKD 16,240,000, an increase compared to HKD 10,378,000 for the same period in 2017[43]. - Sales, general, and administrative expenses for the period were approximately HKD 5,267,000, an increase from HKD 3,260,000 for the nine months ended December 31, 2017, primarily due to increased professional fees and other administrative expenses[46]. - The group recorded a net loss of approximately HKD 9,683,000 for the period, compared to a loss of approximately HKD 204,000 for the nine months ended December 31, 2017, mainly due to increased listing expenses, sales, general and administrative expenses, and employee costs[47]. Accounting Standards and Adjustments - The impact of the initial application of HKFRS 9 and HKFRS 15 resulted in adjustments to trade and other receivables totaling HKD 11,518,000[18]. - The total liabilities increased by HKD 20,964,000 due to the adjustments from the new accounting standards[18]. - The company recognized an additional expected credit loss of approximately HKD 170,000 due to the adoption of the expected credit loss model under HKFRS 9[20]. - The cumulative loss as of April 1, 2018, increased by a net amount of HKD 4,453,000 due to the transition to HKFRS 15, which includes a delay in revenue recognition[21]. - The company expects that the adoption of HKFRS 15 will not have a significant impact on its future financial position and performance[23]. - The company anticipates that the new classification and measurement regulations under HKFRS 9 will not have a significant impact on the accounting treatment of its financial assets[20]. - The company has assessed the impact of adopting the expected credit loss model and does not expect a significant increase in credit losses for trade receivables[20]. Future Plans and Developments - The company plans to enhance its integrated securities trading platform services and expand its customer base through improved service offerings and marketing activities[40]. - A global futures trading platform is expected to be officially launched in January 2019, integrating front-end and back-end trading systems[40]. - The company initiated the development of the "China-Hong Kong Data Treasure" and plans to officially launch it in the second half of 2019[36]. - The group plans to allocate approximately 14.7% (HKD 6.6 million) of the net proceeds to develop innovative products and enhance R&D capabilities[50]. - Approximately 37.5% (HKD 16.8 million) of the net proceeds will be used to establish a domestic R&D center[50]. Shareholder Information - As of December 31, 2018, the total number of issued shares was 500,000,000[54]. - Major shareholder, Maojia Holdings Limited, holds 154,264,654 shares, representing 30.85% of total shares[57]. - VMI Mega Growth Fund owns 56,250,000 shares, accounting for 11.25% of total shares[57]. - Liu Xiaoming holds a spouse interest in 228,303,791 shares, which is 45.66% of total shares[57]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code as per GEM Listing Rules, except for the separation of the roles of Chairman and CEO, which are held by Mr. Liu Yong[67]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM Listing Rules[72]. - The company has adopted a code of conduct for securities trading by directors, which meets the standards set out in GEM Listing Rules[68]. - The company has established a non-competition agreement with key stakeholders to protect its interests[65]. - The company has maintained a balanced distribution of power and authority within the board, with over one-third being independent non-executive directors[67]. - The audit committee has been established to oversee financial reporting procedures and internal control systems[72].