Shareholding Structure - As of March 31, 2023, the company has 1,457,238,414 shares issued[7] - Brilliant Chapter Limited holds 834,851,294 shares, with 80% beneficially owned by Mr. Zhang Chunhua and 20% by Source Mega Limited[1] - Mr. Zhang Chunhua has personal interests in 43,298,000 shares and options to subscribe for 13,800,000 shares[2] - Ms. Zhang Chunping is the sole director of Source Mega Limited, which holds 20% of Brilliant Chapter Limited[1] - Ms. Chung Elizabeth Ching Yee has personal interests in 2,809,000 shares and options for 13,800,000 shares[4] - Ms. Chan Mei Yan Hidy and Ms. Lee Kwun Ling, May Jean each have options to subscribe for 500,000 shares[5] - Mr. Zhang Chunhua holds a controlled corporation interest of 834,851,294 ordinary shares, representing 57.29% of the issued share capital[186] - Mr. Zhang Chunhua also has a personal interest of 57,098,000 ordinary shares, accounting for 3.92% of the issued share capital[186] - Ms. Zhang Chunping has a personal interest of 13,800,000 ordinary shares, which is 0.95% of the issued share capital[186] - Ms. Chung Elizabeth Ching Yee holds 16,609,000 ordinary shares personally, representing 1.14% of the issued share capital[186] - Ms. Chan Mei Yan Hidy and Ms. Lee Kwun Ling, May Jean each have a personal interest of 500,000 ordinary shares, both accounting for 0.03% of the issued share capital[186] Financial Performance - The Group's revenue from the lending business decreased by approximately HK$217,000, from approximately HK$3,387,000 for the year ended 31 March 2022 to approximately HK$3,170,000 for the year ended 31 March 2023[14] - The impairment losses recognized under the expected credit loss model amounted to HK$3,805,000, resulting in a loss in the lending segment[14] - Loss before tax for the year was HK$51,378,000, compared to HK$46,154,000 in the previous year, indicating an increase in losses[19] - The Group's revenue for the year ended 31 March 2023 reached approximately HK$93,930,000, representing an increase of approximately 21% compared to approximately HK$77,806,000 for the year ended 31 March 2022[75] - The Group recorded a net loss of approximately HK$51,378,000 for the year ended 31 March 2023, compared to a loss of approximately HK$46,154,000 in 2022[93] - The loss for the year was mainly due to fair value changes of financial liabilities (HK$9,617,000), losses in the fintech business (HK$31,346,000), and other administrative expenses (HK$18,449,000)[93] - The Group's total equity decreased by approximately HK$26,080,000 to approximately HK$49,059,000, representing a 35% decline compared to HK$75,139,000 as of March 31, 2022[96] - The Group's total cash and cash equivalents amounted to approximately HK$45,089,000 as of March 31, 2023, down from HK$92,144,000 as of March 31, 2022, primarily due to poor operational results of HK$43,352,000[96] Corporate Governance - No directors or controlling shareholders have interests in competing businesses[6] - The remuneration of directors is determined by the Remuneration Committee, considering the group's operating results and individual performance[6] - The Company has established a remuneration committee to ensure proper governance and oversight of director remuneration[23] - The Board believes that a healthy corporate culture is essential for the Group's long-term business success and sustainable growth[10] - The Company aims to maintain a competitive but not excessive remuneration policy for its directors[24] - The Board's composition reflects diversity in education, professional background, functional expertise, gender, age, culture, and industrial experience[49] - The Company Secretary ensured that all applicable rules and regulations regarding meetings were observed, and minutes were recorded in detail[58] - The Board is responsible for monitoring the Company's overall strategies and policies, approving business plans, and evaluating performance[58] - The Company provides newly appointed Directors with orientation materials detailing their duties and responsibilities under relevant regulations[60] - The independence of each INED is assessed upon appointment and annually thereafter[66] Business Development and Strategy - The Group commenced its lending business in Hong Kong in 2016 to diversify its income source and will consider further expansion based on market conditions[14] - The Group aims to expand its sales channels by identifying more jewellery wholesaler customers in South China[31] - The Group plans to increase sales to major high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[31] - The Group will focus on controlling selling and administrative expenses while balancing business development[31] - The Group remains optimistic about the future development potential of its fintech business despite the challenges faced[75] - The company aims to enhance profitability by exploring opportunities in the gold and jewellery trading business, seeking investments with satisfactory returns[87] - The company plans to continue its strategic focus on property management and IoT technology, implementing a "property + technology" model[87] Employee and Training Policies - The emolument policy for employees is based on performance, qualifications, and competence, with share options granted as incentives[6] - The gender ratio of male to female in the workforce is 17:16, reflecting a balanced gender diversity[21] - The Group's remuneration policy is based on individual performance and market conditions, including salaries, discretionary bonuses, and employee benefits[117] - The Company is committed to arranging and funding suitable training for all Directors to enhance their professional development[45] - The training includes attending briefings, seminars, and conferences relevant to the Group's business and strategies[45] - The Company aims to achieve diversity for the benefit of its various business developments and management[49] Share Options and Awards - Share options granted to directors include 13,800,000 options for each of Mr. Zhang Chunhua, Ms. Zhang Chunping, and Ms. Chung Elizabeth, with an exercise price of HK$0.59 per share[150] - The Group has not granted any share options based on the plan established in 2021[148] - The current share option scheme, effective for 10 years from 10 September 2021, aims to incentivize eligible participants including employees and directors[172] - A nominal consideration of HK$1.00 is required from the grantee upon acceptance of an option under the share option scheme[172] - The Company aims to reward contributions to its operations through the share option scheme, enhancing employee engagement and retention[172] Market and Economic Conditions - The Group's overall economic activities gradually restored in early 2023 following the recovery from COVID-19[75] - The banking business is still in the development stage and has recorded losses since its preparation and launch[75] - The Group will periodically review market conditions and the profitability of the fintech business, adjusting business volume according to market demands[102]

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之內容概不負責，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之任何損失承擔任何責任。 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 截至二零二三年三月三十一日止年度 之年度業績公告 朗華國際集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「年度」） 之經審核綜合業績。本公告列載本公司二零二三年年度報告全文，並符合香港 聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中有關年度業績初 步公告附載資料之相關要求。 承董事會命 朗華國際集團有限公司 主席 張春華 香港，二零二三年六月三十日 ...

Financial Performance - Revenue for the nine months ended December 31, 2022, was HK$64,642,000, representing a 68.3% increase from HK$38,396,000 in 2021[5] - Gross profit for the same period was HK$3,914,000, up from HK$2,706,000, indicating a growth of 44.6%[5] - Loss before tax for the nine months was HK$41,828,000, compared to a loss of HK$37,792,000 in the previous year, reflecting a 7.2% increase in losses[5] - The loss for the period was HK$41,828,000, which is a 10.8% increase compared to the loss of HK$37,792,000 in 2021[5] - The three-month revenue ending December 31, 2022, was HK$20,758,000, a 6.0% increase from HK$19,633,000 in the same period of 2021[5] - The total comprehensive expenses for the period amounted to HK$42,635,000, compared to HK$37,716,000 for the previous period[33] - The Group's loss for the period attributable to owners of the Company was HK$35,506,000, compared to HK$29,373,000 in the previous period[33] - The total comprehensive loss for the period was HK$42,625,000, with a loss for the period of HK$35,500,000[36] - The total loss before tax for the period was HK$13,006,000[45] - The Group reported a loss before tax of approximately HK$41,828,000 for the nine months ended December 31, 2022, compared to a loss of HK$29,373,000 for the same period in 2021[55] Expenses - Administrative expenses increased to HK$42,356,000 from HK$34,344,000, marking a rise of 23.5%[5] - Selling expenses decreased significantly to HK$145,000 from HK$1,145,000, a reduction of 87.3%[5] - The cost of sales for the nine months ended December 31, 2022, was approximately HK$60,728,000, up from HK$35,690,000 in the previous year, reflecting an increase of 70%[63] - Selling expenses for the nine months ended December 31, 2022, were approximately HK$145,000, a decrease of about HK$1,000,000 compared to the same period in 2021[87] - Administrative expenses for the nine months ended December 31, 2022, were approximately HK$42,356,000, an increase of about HK$8,012,000 compared to the same period in 2021, primarily due to increased staff costs and system development fees in the Fintech Business[87] Segment Performance - The Group operates in three segments: Gold and Jewellery Business, Lending Business, and Fintech Business, which are regularly reviewed by the Executive Directors[26] - External sales for the Gold and Jewellery Business amounted to HK$36,771,000, while the Lending Business generated HK$1,625,000, resulting in total external sales of HK$38,396,000[46] - The segment results showed a loss of HK$24,026,000, with the Gold and Jewellery Business contributing HK$542,000 and the Lending Business contributing HK$1,588,000[46] - The Group's segment results showed a loss of HK$10,620,000 in the lending business for the three months ended December 31, 2022[67] - Revenue from the Gold and Jewellery Business increased by approximately HK$24,779,000, from HK$36,771,000 for the nine months ended December 31, 2021, to approximately HK$61,550,000 for the nine months ended December 31, 2022[114] - The Group's external sales revenue for the period was HK$64,642,000, with segment results showing a profit of HK$485,000[84] Shareholder Information - As of December 31, 2022, Mr. Zhang Chunhua holds 834,851,294 shares through Brilliant Chapter Limited, representing 57.29% of the company's issued share capital[142] - Mr. Zhang Chunhua also has a personal interest in 57,098,000 shares, accounting for 3.92% of the company's issued share capital[142] - Ms. Zhang Chunping holds 13,800,000 shares, which is 0.95% of the company's issued share capital[142] - Ms. Chung Elizabeth Ching Yee owns 16,609,000 shares, representing 1.14% of the company's issued share capital[142] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[144] - The Board has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee[144] - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules[144] - The company established a Nomination Committee on 29 March 2012 to oversee the nomination and appointment of Directors[163] - The Nomination Committee is responsible for formulating nomination policy and assessing the independence of independent non-executive Directors[164] Future Plans and Developments - The Group plans to enhance its Gold and Jewellery Business by identifying more jewellery wholesaler customers in South China to expand sales channels[130] - The Group will focus on increasing sales to high-end corporate customers, aiming to boost jewellery sales and profitability[130] - The Group is considering further expansion in the lending business, closely monitoring market conditions and the external economic environment[115] - Future efforts will concentrate on strengthening the fintech business, increasing the user base, and improving service quality and performance[135] - The Group will periodically review market conditions and profitability to adjust business volume and resource allocation accordingly[134] Financial Position - As of December 31, 2022, total equity amounted to approximately HK$61,886,000, down from HK$75,139,000 as of March 31, 2022[87] - Net current assets as of December 31, 2022, were approximately HK$100,083,000, an increase from HK$59,209,000 as of March 31, 2022[87] - The Group's accumulated losses reached HK$716,118,000 as of December 31, 2022[36] - The Group's cash and cash equivalents totaled approximately HK$101,533,000 as of December 31, 2022, an increase from HK$92,144,000 as of March 31, 2022[124] - The current ratio of the Group as of December 31, 2022, was 2.05, up from 1.63 as of March 31, 2022[124] - The quick ratio of the Group as of December 31, 2022, was 1.82, unchanged from 1.63 as of March 31, 2022[124] Taxation - The company has not reported any income tax expense for the periods under review[5] - The Group's PRC subsidiaries are subject to a 25% enterprise income tax rate, but no provision has been made for this tax as the Group has no assessable profits arising in the PRC[86]

Financial Performance - The Group's revenue for the six months ended 30 September 2022 was approximately HK$43,884,000, representing an increase of approximately 133.9% compared to the same period last year[8]. - The gross profit for the same period was approximately HK$2,568,000, an increase of approximately HK$464,000 compared to the previous financial year[8]. - The loss attributable to owners of the Company for the six months ended 30 September 2022 was approximately HK$22,500,000, compared to HK$20,303,000 for the same period in 2021[8]. - The total comprehensive loss for the period was HK$29,968,000, compared to HK$25,574,000 for the same period last year[22]. - Basic and diluted loss per share for the period was HK(1.54) cents, compared to HK(1.39) cents for the same period in 2021[24]. - The loss before tax for the six months ended 30 September 2022 was HK$28,822,000, compared to HK$25,547,000 for the same period in 2021[11]. - The Group recorded a loss of approximately HK$28,822,000 for the six months ended 30 September 2022, compared to a loss of approximately HK$25,547,000 for the same period in 2021, mainly due to losses in the Fintech business and administrative expenses[144]. Expenses - Selling expenses for the six months ended 30 September 2022 were HK$112,000, a decrease from HK$820,000 in the previous year[11]. - Administrative expenses increased to HK$28,489,000 from HK$22,266,000 in the same period last year[11]. - Employee benefits expenses increased to HK$11,046,000 for the six months ended 30 September 2022, up from HK$7,926,000 in the same period of 2021, reflecting a rise of approximately 39.5%[77]. - Other losses decreased from approximately HK$4,931,000 for the six months ended 30 September 2021 to approximately HK$2,740,000 for the six months ended 30 September 2022, with government grants of HK$200,000 recognized related to Covid-19 subsidies[144]. Assets and Liabilities - Total non-current assets decreased from HK$15,930,000 to HK$15,533,000, a decline of 2.5%[28]. - Current assets increased from HK$152,871,000 to HK$163,382,000, representing a growth of 6.6%[28]. - Total current liabilities decreased significantly from HK$93,662,000 to HK$51,262,000, a reduction of 45.2%[28]. - Net current assets improved from HK$59,209,000 to HK$112,120,000, an increase of 89.4%[28]. - Total assets less current liabilities rose from HK$75,139,000 to HK$127,653,000, an increase of 69.9%[30]. - The Group's liabilities totaled HK$104,362,000, with the Fintech Business accounting for HK$30,047,000 of this amount[69]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HK$13,230,000, compared to HK$119,000 for the same period in 2021[49]. - Cash and cash equivalents decreased from HK$92,144,000 to HK$76,916,000, a decline of 16.5%[28]. - Net cash used in investing activities was HK$371,000, a significant decrease from HK$7,449,000 in the prior year[49]. - Net cash used in financing activities amounted to HK$481,000, down from HK$1,308,000 in the previous year[49]. Business Segments - The Group's total revenue for the six months ended September 30, 2022, was HK$43,884,000, with external sales from the Gold and Jewellery Business contributing HK$41,793,000[58]. - The segment results showed a profit of HK$298,000 for the Gold and Jewellery Business, while the Lending Business reported a profit of HK$1,004,000, and the Fintech Business incurred a loss of HK$22,782,000, resulting in an overall loss before tax of HK$28,822,000[60]. - Revenue from the Gold and Jewellery Business increased by approximately HK$24,167,000, from approximately HK$17,626,000 for the six months ended 30 September 2021 to approximately HK$41,793,000 for the six months ended 30 September 2022[164]. - The increase in revenue from the Gold and Jewellery Business was mainly attributed to higher wholesale of golden jewellery products in the PRC[164]. Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2022[8]. - The total issued and fully paid ordinary shares remained at 1,457,239,000 as of both September 30, 2022, and March 31, 2022[115]. - The current share option scheme, effective for 10 years from September 10, 2021, replaced the previous scheme that expired in August 2021[187]. - The nominal subscription price for shares under the new scheme is determined by the Board and cannot be less than the highest of the closing price on the Offer Date or the average closing price for the preceding five business days[187]. Strategic Plans - The Group intends to expand its sales channels for the secondary gold sales agency business by identifying more jewellery wholesaler customers in South China[163]. - The Group aims to strengthen its gold and jewelry business by seeking more wholesale customers in Southern China and increasing sales to high-end corporate clients[168]. - The Group plans to focus on expanding its user base and improving service quality in its fintech business, which was initiated in 2019[170][174]. - The Group will periodically review market conditions and profitability, adjusting business volume and resource allocation accordingly[173][176].

Financial Performance - The Group's revenue for the three months ended June 30, 2022, amounted to approximately HK$19,061,000, representing an increase of approximately 244% compared to the same period in the previous financial year[10]. - The Group's gross profit for the same period was approximately HK$1,364,000, increasing by approximately HK$492,000 compared to the previous financial year[10]. - Loss attributable to owners of the Company for the three months ended June 30, 2022, amounted to approximately HK$7,603,000, compared to HK$6,429,000 for the same period in 2021[10]. - Total comprehensive loss for the period was approximately HK$10,903,000, compared to HK$8,399,000 for the same period in 2021[15]. - The loss before tax for the period was approximately HK$10,413,000, compared to HK$8,346,000 in the previous year[15]. - Total comprehensive loss for the period attributable to owners of the Company was HK$8,093,000, compared to HK$6,482,000 in the previous period, representing an increase of 24.9%[18]. - Loss per share for the period was HK$0.52, compared to HK$0.44 in the previous period, indicating a decline in performance[18]. - The Group reported a loss before tax of HK$10,413,000, reflecting the challenges faced during the period[32]. - The Group's financial performance reflects ongoing challenges, with a focus on cost management and potential market expansion strategies[35]. Revenue Breakdown - Revenue from external sales for the Gold and Jewellery Business was HK$17,935,000, while the Lending Business generated HK$647,000 and the Fintech Business contributed HK$479,000, totaling HK$19,061,000[32]. - The increase in revenue was mainly attributable to the growth in the Group's Jewellery Business and wholesale of golden jewellery products in the PRC during the review period[116][119]. - The revenue from the Gold and Jewellery Business increased by approximately HK$12,774,000, from approximately HK$5,161,000 for the three months ended June 30, 2021, to approximately HK$17,935,000 for the three months ended June 30, 2022[130]. - The increase in revenue was mainly due to the rise in wholesale of golden jewellery products in the PRC[131]. Expenses - Administrative expenses for the three months ended June 30, 2022, were approximately HK$11,421,000, compared to HK$9,094,000 in the previous year[15]. - Selling expenses for the same period were approximately HK$36,000, a decrease from HK$406,000 in the previous year[15]. - Unallocated expenses for the period amounted to HK$8,346,000, contributing to the overall loss before tax[32]. - Cost of sales increased from approximately HK$4,659,000 for the three months ended June 30, 2021, to approximately HK$17,697,000 for the three months ended June 30, 2022, aligning with the increase in sales[117][120]. - The overall gross profit margin decreased from approximately 15.8% for the three months ended June 30, 2021, to 7.2% for the three months ended June 30, 2022, due to the lower margin of the Jewellery Business[117][120]. Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[10]. - As of June 30, 2022, Mr. Zhang Chunhua holds 834,851,294 shares through a controlled corporation, representing 57.29% of the company's issued share capital[141]. - Mr. Zhang Chunhua also has a personal interest in 57,098,000 shares, accounting for 3.92% of the company's issued share capital[141]. - The total number of shares in issue as of June 30, 2022, was 1,457,238,414[143]. Taxation - No provision for Hong Kong profits tax was made as the Group did not generate any assessable profits arising in Hong Kong for the three months ended June 30, 2022[36]. - The tax rate for PRC subsidiaries is 25%, and no provision for PRC Enterprise Income Tax was made as the Group has no assessable profits arising in the PRC[36]. - The subsidiary established in Kazakhstan is subject to a corporate income tax rate of 20% on taxable income, with an exemption until January 1, 2066, for income from financial services provided in the Astana International Financial Centre[36]. Corporate Governance - The company has established three board committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee to oversee specific aspects of its affairs[175]. - The Audit Committee, comprising three independent non-executive Directors, is responsible for reviewing the Group's financial reporting system and risk management procedures[177]. - The company has complied with all provisions of the Corporate Governance Code as per the GEM Listing Rules[176]. - The company has adopted a code of conduct regarding securities transactions by Directors, ensuring compliance with GEM Listing Rules[170]. Future Outlook and Strategy - Future outlook remains cautious, with management emphasizing the need for strategic adjustments in response to market conditions[35]. - The Group continues to evaluate opportunities for market expansion and potential acquisitions to enhance its competitive position[35]. - The Group plans to strengthen the development of its fintech business, increase user base, and improve service quality and performance[136]. - The Group will closely monitor market conditions and consider further expansion in the lending business[132]. - The company aims to reassess existing business opportunities to reallocate resources more effectively[138].

Financial Performance - The Group's revenue for the three months ended June 30, 2022, amounted to approximately HK$19,061,000, representing an increase of approximately 244% compared to the same period in the previous financial year[8]. - The Group's gross profit for the same period was approximately HK$1,364,000, increasing by approximately HK$492,000 compared to the previous year[8]. - Loss attributable to owners of the Company for the three months ended June 30, 2022, amounted to approximately HK$7,603,000, compared to HK$6,429,000 for the same period in 2021[8]. - Total comprehensive loss for the period was approximately HK$10,903,000, compared to HK$8,399,000 for the same period in the previous year[16]. - Basic and diluted loss per share for the period was HK(0.52), compared to HK(0.44) for the same period in 2021[16]. - The Group reported a loss before tax of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to HK$8,346,000 in the previous year[13]. - The Group recorded a loss of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to a loss of approximately HK$8,346,000 for the same period in 2021[120]. - The Group reported an unaudited consolidated loss of approximately HK$7,603,000 for the three months ended 30 June 2022, compared to a loss of HK$6,429,000 for the same period in 2021, indicating an increase in loss of approximately 18.3%[5]. Revenue Breakdown - The Group's revenue for the period was HK$19,061,000, with external sales from the Gold and Jewellery Business contributing HK$17,935,000, the Lending Business contributing HK$647,000, and the Fintech Business contributing HK$479,000[30]. - Revenue from the Gold and Jewellery Business increased by approximately HK$12,774,000, from approximately HK$5,161,000 for the three months ended 30 June 2021 to approximately HK$17,935,000 for the three months ended 30 June 2022, primarily due to increased wholesale of golden jewellery products in the PRC[128]. - The segment results indicated that the Gold and Jewellery Business generated a profit of HK$93,000, while the Lending Business reported a loss of HK$8,346,000, and the Fintech Business had a loss of HK$2,317,000[30]. Expenses - Administrative expenses for the three months ended June 30, 2022, were approximately HK$11,421,000, an increase from HK$9,094,000 in the previous year[13]. - Selling expenses decreased to HK$36,000 from HK$406,000 in the previous year[13]. - Cost of sales increased from approximately HK$4,659,000 for the three months ended June 30, 2021, to approximately HK$17,697,000 for the three months ended June 30, 2022, leading to a decrease in overall gross profit margin from approximately 15.8% to 7.2%[115][118]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[8]. - Total equity as of June 30, 2022, amounted to approximately HK$64,236,000, down from HK$75,139,000 as of March 31, 2022[120]. - As of June 30, 2022, the Group's total equity was approximately HK$64,236,000, a decrease of about 14% compared to HK$75,139,000 as of March 31, 2022[124]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2022, were approximately HK$88,243,000, a decrease from HK$92,144,000 as of March 31, 2022, primarily due to operating losses[120]. - The current ratio as of June 30, 2022, was 1.39, compared to 1.63 as of March 31, 2022, while the quick ratio was 1.31, also down from 1.63[124]. - The Group's treasury activities are centralized, and cash is generally placed in deposits with banks to achieve better cost control[120]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[169]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and risk management[175]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[175]. - The Nomination Committee formulates nomination policies and assesses the independence of independent non-executive Directors[177]. - All Directors confirmed compliance with the required standards of dealings regarding securities transactions during the review period[168]. Share Options and Ownership - As of June 30, 2022, the Company had 1,457,238,414 shares issued[7]. - Mr. Zhang Chunhua held a 57.29% interest in the Company through a controlled corporation, along with a personal interest of 3.92%[139]. - The current share option scheme, effective for 10 years from September 10, 2021, aims to incentivize eligible participants[149]. - The total number of share options granted during the period was 34,700,000, with an exercise price of HK$0.33 per share[159]. - The company had no share options exercised during the reported period[159]. Business Development and Strategy - The Group continued to develop its Gold and Jewellery Business, focusing on wholesale and related ancillary services, with a strategy to identify more jewellery wholesaler customers in South China[126]. - The Group aims to increase sales to high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[126]. - The Group plans to periodically review the market situation and profitability of its fintech business, adjusting business volume according to market demands[132]. - The Group aims to strengthen the development of its fintech business, increase user base, and improve service quality and performance in the future[134]. - The Group will consider further expansion in the lending business while closely monitoring market conditions and the external economic environment[130].

Financial Performance - China Brilliant Global Limited reported a significant increase in revenue, achieving a total of HKD 150 million for the fiscal year, representing a 25% growth compared to the previous year[9]. - The Group's revenue for the year ended 31 March 2022 amounted to approximately HK$77,806,000, representing an increase of about 31.8% from approximately HK$59,038,000 for the year ended 31 March 2021[10]. - The Group's revenue for the year ended 31 March 2022 was HK$77,806,000, a decrease of 31.5% from HK$100,560,000 in 2021[64]. - The Group reported a loss before tax of HK$46,154,000 for the year, compared to a loss of HK$38,277,000 in the previous year[64]. - The Group's loss attributable to equity holders for the year was HK$46,154,000, compared to a loss of HK$39,144,000 in 2021[64]. - The Group recorded a net loss of approximately HK$46,154,000 for the year ended 31 March 2022, compared to a loss of approximately HK$39,144,000 for the year ended 31 March 2021[16]. User and Market Expansion - The company’s user base expanded to 1.2 million active users, marking a 30% increase year-over-year[9]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[9]. - Market expansion efforts include entering two new regions, which are expected to contribute an additional HKD 5 million in revenue[9]. - The company plans to launch three new products in the upcoming quarter, targeting a 15% increase in market share[9]. - The Group plans to identify more jewellery wholesaler customers in South China to expand sales channels for its secondary gold sales agency business[36]. Cost Management and Profitability - Gross profit margin improved to 40%, up from 35% in the previous year, reflecting better cost management[9]. - Operating expenses were reduced by 15%, resulting in an increase in net profit to HKD 30 million, a 50% increase from last year[9]. - Cost of sales increased from approximately HK$54,080,000 for the year ended 31 March 2021 to approximately HK$72,786,000 for the year ended 31 March 2022, representing an increase of approximately 34.6%[14]. - The overall gross profit margin decreased from approximately 8% to 6% in the current year due to the significant contribution of lower margin wholesale gold jewelry[14]. - Selling expenses decreased from approximately HK$1,347,000 for the year ended 31 March 2021 to approximately HK$517,000 for the year ended 31 March 2022[14]. Strategic Investments and Acquisitions - The company has completed a strategic acquisition of a smaller tech firm for HKD 20 million, which is anticipated to enhance its product offerings[9]. - The company is investing HKD 10 million in research and development for new technologies aimed at enhancing user experience[9]. - The Group allocated approximately HK$23.7 million for the expansion of its gold and jewellery business, fully utilized by March 31, 2022[26]. - Approximately HK$40 million was allocated for the development of the fintech business, which was also fully utilized by March 31, 2022[26]. Governance and Management - The company has appointed independent non-executive directors with extensive backgrounds in finance and management, enhancing governance and oversight[46][48][50]. - The Audit Committee is chaired by Ms. Chan, ensuring rigorous financial oversight and compliance[46]. - The Company is committed to high standards of corporate governance to protect the interests of all shareholders[119]. - The Board comprises three executive Directors and three independent non-executive Directors as of March 31, 2022[123]. - The Company has adopted a new share option scheme effective for 10 years starting from September 10, 2021, to incentivize eligible participants[80]. Financial Position and Equity - Total equity decreased by approximately HK$8,341,000 to approximately HK$75,139,000 as at 31 March 2022, down from HK$83,480,000 as at 31 March 2021[17]. - Total cash and cash equivalents amounted to approximately HK$92,144,000 as at 31 March 2022, a decrease from HK$109,508,000 as at 31 March 2021[17]. - As of March 31, 2022, the company's net assets decreased to HK$75,139,000 from HK$83,480,000 in 2021, representing a decline of approximately 10.1%[66]. - The company's current liabilities increased significantly to HK$93,662,000 in 2022 from HK$9,415,000 in 2021, indicating a substantial rise[66]. ESG and Sustainability - The Group is committed to long-term sustainability and has implemented measures such as recycling and using eco-friendly stationery to reduce waste and improve resource efficiency[72]. - The Group's ESG report covers policies, measures, and performance for the period from April 1, 2021, to March 31, 2022[185]. - Climate change is recognized as a significant risk, potentially leading to increased extreme weather events affecting employee safety and operations[197]. - The Group emphasizes anti-corruption and compliance operations as critical components of its governance strategy[199]. - Stakeholder feedback is crucial for improving sustainable development policies and measures, with communication channels established for regular engagement[188].

Financial Performance - Revenue for the nine months ended December 31, 2021, was approximately HK$38,396,000, representing a decrease of approximately 16.8% compared to the same period in the previous financial year[7]. - Gross profit for the same period was approximately HK$2,706,000, a decrease of approximately HK$583,000 from the previous year[7]. - Loss attributable to owners of the Company for the nine months ended December 31, 2021, amounted to approximately HK$29,373,000, compared to HK$11,336,000 for the same period in 2020[7]. - Loss before tax for the nine months was HK$37,792,000, significantly higher than the loss of HK$8,114,000 in the previous year[11]. - The Company reported a loss for the period of HK$37,792,000, compared to HK$14,741,000 in the same period of the previous year[15]. - The basic and diluted loss per share for the nine months ended December 31, 2021, was HK(2.02) cents, compared to HK(0.78) cents for the same period in 2020, indicating an increase in losses[16]. - The total comprehensive loss for the period was HK(29,373) thousand, which includes losses from foreign currency translation[21]. - As of December 31, 2021, the accumulated losses stood at HK(680,975) thousand, highlighting the financial challenges faced by the company[21]. Expenses and Costs - Selling expenses increased to HK$1,145,000 from HK$917,000 year-on-year[11]. - Administrative expenses rose sharply to HK$34,344,000 from HK$13,125,000 compared to the previous year[11]. - Other gains and losses resulted in a net loss of HK$5,365,000, contrasting with a gain of HK$900,000 in the previous year[11]. - The Group's unallocated expenses amounted to HK$14,187,000, reflecting an increase in operational costs[53]. - Selling, administrative, and finance costs amounted to HK$1,886,000, leading to a loss before tax of HK$1,785,000[69]. Equity and Cash Position - The company reported a total equity of HK$145,724 thousand as of December 31, 2021, compared to HK$145,245 thousand at the beginning of the period[21]. - Total equity as of 31 December 2021 amounted to approximately HK$80,864,000, a decrease of approximately 3.1% from HK$83,480,000 as of 31 March 2021[84]. - Total cash and cash equivalents as of 31 December 2021 were approximately HK$75,076,000, down from HK$109,508,000 as of 31 March 2021[84]. - The current ratio as of 31 December 2021 was 1.58, significantly lower than 16.41 as of 31 March 2021[84]. Business Operations - The Group's principal activities include trading and retailing of gold and jewellery, money lending, and fintech business[27]. - The Group's revenue is derived from three operating segments: Gold and Jewellery Business, Lending Business, and Fintech Business[45]. - The Group intends to focus on mid-end retail products supplemented by low-end products while increasing sales to high-end corporate customers[94]. - The Lending Business recorded outstanding loan receivables amounting to HK$34,163,000 as of December 31, 2021, contributing to the Group's interest income[99]. - The Group's Fintech Business, initiated in 2019, is still in the development stage, resulting in no revenue and a loss during the review period[101]. Strategic Initiatives - The company is focusing on improving its operational efficiency and exploring potential market expansion opportunities[21]. - The company is considering strategic options for potential acquisitions to enhance its market position[21]. - The Group plans to identify more jewellery wholesaler customers in South China to expand its sales channels[94]. - The Group plans to periodically review market conditions and profitability to adjust business volume and resource allocation accordingly[101]. - The Group aims to strengthen its fintech business by increasing the user base and improving service quality and performance in the future[103]. Share Capital and Options - The Company has a total of 1,457,238,414 shares issued as of December 31, 2021[8]. - The 2021 share option scheme allows for a maximum of 30% of the relevant class of shares to be allotted upon exercise of options granted[114]. - The nominal consideration for accepting an option under the 2021 scheme is HK$1.00[111]. - As of December 31, 2021, the company had outstanding options to subscribe for up to 106,860,000 shares under the 2011 Scheme[130]. - The total number of share options exercised during the period was zero[128]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[139]. - The Audit Committee consists of three independent non-executive Directors and has reviewed the financial report[145]. - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules[138]. - The Board has established three committees: Remuneration, Nomination, and Audit, to oversee specific aspects of the company's affairs[145].

Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately HK$18,763,000, representing a decrease of approximately 44.4% compared to the same period in the previous financial year[7]. - The Group's gross profit for the same period was approximately HK$2,104,000, a decrease of approximately HK$80,000 compared to the previous financial year[7]. - Loss attributable to owners of the Company for the six months ended 30 September 2021 amounted to approximately HK$20,303,000, compared to HK$8,314,000 for the same period in 2020[7]. - The loss before tax for the six months ended 30 September 2021 was HK$25,547,000, compared to HK$8,836,000 for the same period in 2020[10]. - Total comprehensive loss for the period was HK$25,574,000, compared to HK$10,340,000 for the same period in 2020[12]. - Basic and diluted loss per share from continuing and discontinued operations was HK(1.39) cents for the six months ended 30 September 2021, compared to HK(0.57) cents for the same period in 2020[13]. - The total comprehensive loss for the period attributable to owners of the Company was HK$20,330,000, compared to HK$8,033,000 in the same period last year, representing an increase of 153.5%[14]. - The loss for the period attributable to owners of the Company was HK$20,303,000, compared to HK$8,314,000 in the previous year, indicating a year-over-year increase of 144.5%[14]. - Loss per share from continuing operations was HK(1.39) cents, compared to HK(0.45) cents in the same period last year, reflecting a decline of 208.9%[16]. Expenses - Selling expenses for the six months ended 30 September 2021 were HK$820,000, an increase from HK$588,000 in the previous year[10]. - Administrative expenses increased to HK$22,266,000 for the six months ended 30 September 2021, compared to HK$12,090,000 for the same period in 2020[10]. - Other gains and losses, net for the period were a loss of HK$4,931,000, compared to a gain of HK$839,000 in the previous year[10]. Assets and Liabilities - Total non-current assets increased to HK$10,496,000 from HK$8,944,000, marking a growth of 17.4%[19]. - Current assets totaled HK$154,643,000, slightly up from HK$154,466,000, indicating a marginal increase of 0.1%[19]. - Total current liabilities rose significantly to HK$107,233,000 from HK$9,415,000, representing a substantial increase of 1,137.5%[19]. - Net assets decreased to HK$57,906,000 from HK$83,480,000, a decline of 30.6%[21]. - The equity attributable to owners of the Company was HK$40,859,000, down from HK$61,189,000, reflecting a decrease of 33.3%[21]. - Cash and cash equivalents decreased to HK$100,605,000 from HK$109,508,000, a decline of 8.2%[19]. - Non-controlling interests decreased to HK$17,047,000 from HK$22,291,000, indicating a reduction of 23.5%[21]. Cash Flow - For the six months ended 30 September 2021, the net cash used in operating activities was HK$119, compared to HK$10,291 for the same period in 2020, indicating a significant improvement[30]. - The net cash outflow from the disposal of subsidiaries was HK$1,002 in 2020, while there was no such outflow reported for 2021[30]. - The company incurred HK$7,389 in purchases of intangible assets during the six months ended 30 September 2021, with no such purchases in the previous year[30]. - The company reported a net decrease in cash and cash equivalents of HK$8,876 for the six months ended 30 September 2021, compared to HK$12,756 in the previous year[36]. Business Segments - The Group's revenue from the Fintech Business was reported as zero, indicating a need for further development or market penetration in this segment[55]. - The segment results showed a profit of HK$1,006,000 from the Gold and Jewellery Business, while the Lending Business incurred a loss of HK$4,714,000, resulting in a total segment loss of HK$3,708,000[56]. - The Lending Business continued to grow during the period under review, with nine major outstanding loan receivables amounting to HK$39,312,000 as of 30 September 2021[155]. - The Group's Fintech Business, which commenced in 2019, is still in the development stage and has not generated revenue, resulting in a loss for this segment[159]. Share Capital and Options - The total number of shares in issue as of September 30, 2021, is 1,457,238,414[166]. - The company has a share option scheme that provides incentives to eligible participants contributing to the group's success[169]. - The maximum number of shares that may be allotted upon exercise of options under the 2011 Scheme is equivalent to 10% of the shares in issue as of the 2016 AGM[174]. - The total number of share options granted to employees of the group was 15,460,000, with an exercise price of HK$0.59 per share[185]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[194]. - The Board has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee[198]. - The Audit Committee was established on March 7, 2000, and is responsible for reviewing the Group's financial reporting system and risk management procedures[200].

Financial Performance - Revenue for the three months ended June 30, 2021, was approximately HK$5,531,000, representing a decrease of approximately 77% compared to the same period in the previous financial year[9]. - Gross profit for the same period was approximately HK$872,000, decreasing by approximately HK$265,000 compared to the previous year[9]. - Loss attributable to owners of the Company for the three months ended June 30, 2021, amounted to approximately HK$6,429,000, compared to a loss of HK$5,334,000 for the same period in 2020[9]. - Total comprehensive loss for the period was HK$8,399,000, compared to HK$6,038,000 in the previous year[16]. - The Group reported a loss before tax of HK$8,346,000 for the period[32]. - The unaudited consolidated loss for the three months ended 30 June 2021 attributable to owners of the Company was approximately HK$6,429,000, compared to HK$5,334,000 for the same period in 2020, indicating an increase in loss of approximately 20.6%[6]. - The basic loss per share from continuing operations for the three months ended 30 June 2021 was calculated based on an unaudited loss of approximately HK$6,429,000, compared to HK$3,481,000 for the same period in 2020, reflecting an increase of approximately 84.5%[6]. - The basic loss per share from discontinued operations for the three months ended 30 June 2021 was approximately HK$nil, compared to HK$1,853,000 for the same period in 2020, showing a significant reduction in loss[6]. Revenue Breakdown - The Group's revenue for the three months ended June 30, 2021, was HK$5,531,000, with external sales from the Gold and Jewellery Business contributing HK$5,161,000[28]. - For comparison, the revenue for the three months ended June 30, 2020, was HK$24,067,000, with external sales from the Gold and Jewellery Business at HK$23,897,000[35]. - The revenue from the Gold and Jewellery Business decreased by approximately HK$18,736,000 from approximately HK$23,897,000 for the three months ended June 30, 2020, to approximately HK$5,161,000 for the three months ended June 30, 2021[104]. Expenses - Selling expenses for the three months ended June 30, 2021, were HK$406,000, compared to HK$500,000 in the previous year[13]. - Administrative expenses increased to HK$9,094,000 from HK$5,513,000 in the previous year[13]. - Other income for the period was HK$136,000, down from HK$457,000 in the previous year[13]. - The segment results showed a profit of HK$162,000 from the Gold and Jewellery Business, a profit of HK$360,000 from the Lending Business, and a loss of HK$6,068,000 from the Fintech Business, resulting in an overall segment loss of HK$5,546,000[30]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2021[9]. - As of June 30, 2021, total equity amounted to approximately HK$75,081,000, down from HK$83,480,000 as of March 31, 2021[88]. - The Group's total equity amounted to approximately HK$75,081,000, representing a decrease of approximately 10% compared to HK$83,480,000 as of March 31, 2021[100]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2021, amounted to approximately HK$85,647,000, a decrease from HK$109,508,000 as of March 31, 2021[88]. - The current ratio as of June 30, 2021, was 9.13, compared to 16.41 as of March 31, 2021[100]. Business Operations - The Group's principal activities include trading and retailing of gold and jewellery, money lending, and fintech business[22]. - The Group's lending business in Hong Kong continued to grow, with outstanding loan receivables amounting to HK$40,436,000 as of June 30, 2021[105]. - The fintech business, initiated in 2019, has not generated revenue yet and incurred losses during the review period[108]. - The Group plans to strengthen the development of its fintech business, aiming to increase the user base and improve service quality and performance[115]. Corporate Governance - The company complied with all provisions of the Corporate Governance Code throughout the review period[149]. - The Company has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee to oversee specific aspects of its affairs[153]. - The Audit Committee, formed on March 7, 2000, is responsible for reviewing the Group's financial reporting system, risk management, and internal control procedures[155]. Share Options and Ownership - As of June 30, 2021, Mr. Zhang Chunhua holds 834,851,294 shares, representing 57.29% of the company's issued share capital, and has a personal interest in an additional 57,098,000 shares, accounting for 3.92%[119]. - The total number of shares in the company issued as of June 30, 2021, is 1,457,238,414[122]. - The company has a share option scheme in place to provide incentives and rewards to eligible participants contributing to the group's success[125]. - The total number of share options exercised during the period was zero, indicating no options were exercised in the first quarter of 2021[137].