香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 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） 有關 (I)截至二零二四年三月三十一日止年度的年度報告； 及 (II)股份獎勵計劃 的補充公告 朗華國際集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）謹此提供年報內有關本公司重大投資、股份獎勵計劃（於年度報告內亦界 定為「朗華國際股份獎勵計劃」）及借貸業務的詳情，以及股份獎勵計劃公告及通函內 有關已授出獎勵及更改歸屬條件的詳情。 (I) 年報 茲提述本公司於二零二四年七月二十九日所刊發截至二零二四年三月三十一日止年 度的年度報告（「年報」）。除另有定義或文義另有所指外，本公告所用詞彙與年報所 界定者具有相同涵義。 重大投資 除管理層討論及分析內「業務回顧及展望」一節下有關金融科技業務的披露外，本公 司謹此根據GEM上市 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 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） 股份交易 建議收購目標公司已發行股本的51%， 涉及根據一般授權發行代價股份 收購事項 董事會欣然宣佈，於二零二四年十二月三十日（交易時段後），本公司與賣家 訂立該協議，據此，賣家有條件同意出售而本公司有條件同意收購出售股份， 佔目標公司已發行股本的51%，最高總代價5,359,000港元將透過配發及發行 代價股份支付。 於完成後，目標公司將成為本公司的非全資附屬公司，而目標集團的財務資 料將併入本集團財務報表內。 GEM上市規則的涵義 由於收購事項的所有適用百分比率（定義見GEM上市規則）均低於5%，而代 價將以發行代價股份的方式支付，故收購事項構成本公司的股份交易，因此 須遵守GEM上市規則項 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 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） 更改香港股份過戶登記分處 朗華國際集團有限公司（「本公司」）董事會（「董事會」）宣佈自二零二五年一月 一日起，本公司之香港股份過戶登記分處將更改為： 卓佳證券登記有限公司 香港 夏慤道16號 遠東金融中心17樓 電話號碼：(852) 2980 1333 傳真號碼：(852) 2810 8185 自二零二五年一月一日起，有關本公司之股份過戶及登記手續將由卓佳證券 登記有限公司辦理。於二零二四年十二月三十一日下午四時三十分後仍未領 取之股票，可於二零二五年一月二日起從卓佳證券登記有限公司領取。 承董事會命 朗華國際集團有限公司 主席 張春華 香港，二零二四年十二月二十日 – 1 – – 2 – 於本公告日期，董事會包括以下董事： 張春華先生（執行董事（主席）） 張春 ...

Financial Performance - The Group's revenue for the six months ended 30 September 2024 was approximately HK$48,551,000, representing an increase of approximately 8.3% compared to the same period of the previous financial year[7]. - The Group's gross profit for the same period was approximately HK$7,849,000, a decrease of approximately HK$3,202,000 compared to the previous financial year[7]. - Profit attributable to owners of the Company for the six months ended 30 September 2024 was approximately HK$4,266,000, compared to a loss of HK$18,583,000 for the same period in 2023[7]. - Profit per share from continuing operations was HK$0.29 cents, compared to a loss of HK(0.31) cents for the same period in 2023[13]. - Total comprehensive income for the period attributable to owners of the Company was HK$4,754,000, compared to a loss of HK$19,130,000 for the same period in 2023[13]. - The Group's profit before tax for the six months ended 30 September 2024 was HK$3,178,000, compared to a loss of HK$5,684,000 for the same period in 2023[11]. - The Group reported a profit of HK$4,266,000 from continuing operations, compared to a loss of HK$4,440,000 for the same period in 2023[13]. - The Group's total comprehensive income for the period was HK$4,754,000, compared to a total comprehensive loss of HK$26,133,000 for the same period in 2023[13]. - The Group recorded a profit of approximately HK$4,266,000 for the six months ended 30 September 2024, compared to a loss of approximately HK$25,655,000 for the same period in 2023[154]. Dividends and Recommendations - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2024[7]. - The Group did not recommend the payment of an interim dividend for the six months ended 30 September 2024, consistent with the previous year[143]. Assets and Liabilities - Total non-current assets amounted to HK$242,479,000, slightly down from HK$242,495,000[16]. - Current assets totaled HK$114,387,000, a decrease from HK$122,697,000[16]. - Cash and cash equivalents increased significantly to HK$20,774,000 from HK$15,248,000, reflecting a growth of 36.5%[16]. - Total current liabilities decreased to HK$28,020,000 from HK$41,100,000, indicating a reduction of 31.9%[19]. - Net current assets improved to HK$86,367,000 compared to HK$81,597,000, showing a growth of 5.5%[19]. - Total assets less current liabilities reached HK$328,846,000, up from HK$324,092,000, representing an increase of 1.8%[19]. - Total equity stood at HK$328,846,000, consistent with the previous period's figure of HK$324,092,000[19]. - As of September 30, 2024, total assets amounted to HK$356,866,000, a decrease from HK$365,192,000 as of March 31, 2024[60]. - Total liabilities decreased to HK$28,020,000 as of September 30, 2024, compared to HK$41,100,000 as of March 31, 2024[60]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2024, was HK$6,537,000, a significant improvement compared to a net cash used of HK$28,208,000 in the same period of 2023[38]. - Cash and cash equivalents at the end of the reporting period increased to HK$20,774,000 from HK$13,895,000 in the previous year, reflecting a positive cash flow trend[38]. - The company reported a net cash generated from investing activities of HK$5,037,000, compared to HK$40,000 in the same period last year, indicating a substantial increase in investment returns[38]. - Interest paid during the financing activities amounted to HK$249,000, while repayment of lease liabilities was HK$65,000, and repayment to directors was HK$244,000, showing a decrease in financing costs compared to the previous year[38]. Business Segments - The Group's major business segments include trading of gold and jewellery, money lending, property management services, and fintech[49]. - The Group's total revenue for the six months ended September 30, 2024, was HK$44,820,000, with external sales from the Gold and Jewellery Business contributing HK$33,516,000, Lending Business HK$622,000, and Property Management Services HK$10,682,000[55]. - Segment results profit for the Gold and Jewellery Business was HK$3,204,000, Lending Business HK$278,000, and Property Management Services HK$5,672,000, totaling HK$9,154,000[53]. - Revenue from the Group's Jewellery Business increased by HK$6,956,000, while revenue from the Lending Business and Property Management Services decreased by HK$311,000 and HK$2,914,000, respectively[146]. - Revenue from Property Management Services decreased by approximately HK$2,914,000 from approximately HK$10,682,000 (restated) for the six months ended 30 September 2023 to approximately HK$7,768,000 for the six months ended 30 September 2024[187]. Taxation - The Group's income tax expense for the period was HK$1,418,000, compared to HK$3,617,000 for the same period in 2023[11]. - The Group's tax expense for continuing operations in the PRC was HK$1,418,000 for the six months ended 30 September 2024, compared to HK$823,000 in 2023[71]. - The Group did not generate any assessable profits arising in Hong Kong for the six months ended 30 September 2024, thus no Hong Kong profits tax was provided[74]. - The Group's PRC subsidiaries are subject to a 25% enterprise income tax rate for both periods[74]. Operational Developments - The Group completed the disposal of 3,794 ordinary shares in Brillink Holdings Limited on October 5, 2023, resulting in the loss of control over the Fintech Business[51]. - The Group completed the disposal of its Fintech Business on 5 October 2023, which aligns with its long-term strategy to focus on other operations[76]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited to expand its Property Management Services Business[181]. - Shenzhen CBPS became an indirect wholly-owned subsidiary of the Company on October 5, 2023[181]. - The Group plans to identify more jewellery wholesaler customers in South China to expand its sales channels[179]. - The Group aims to increase sales to high-end corporate customers to boost jewellery sales and profitability[179]. Risk Management - The Group does not hold any collateral or other credit enhancements over its loan receivables, indicating a higher risk profile[112]. - CBG Finance conducts thorough credit assessments and due diligence before approving loan applications, ensuring financial stability and risk management[196]. - Monthly reviews of loan performance and overall risk profile will be conducted for CBG Finance's loan portfolios[199]. - CBG Finance has established loan collection and monitoring policies applicable to all loans granted or renewed[199]. - Existing borrower clients of CBG Finance have a satisfactory track record of timely repayments, with no additional debt collection procedures required as of September 30, 2024[199]. Future Outlook - The intelligent industrial zone is identified as a long-term business focus for Shenzhen CBPS, with digital twin technology being a key component of its development strategy[189]. - The Chinese government is encouraging industry development through cost reduction, presenting promising opportunities for the company and its shareholders[190].

Financial Performance - Revenue for the six months ended September 30, 2024, amounted to approximately HK$48,551,000, representing an increase of approximately 8.3% compared to the corresponding period of the previous financial year[5]. - Gross profit for the same period was approximately HK$7,849,000, a decrease of approximately HK$3,202,000 compared to the same period last year[5]. - Profit attributable to owners of the Company for the six months ended September 30, 2024, was approximately HK$4,266,000, compared to a loss of HK$18,583,000 for the same period in 2023[5]. - Total comprehensive income for the period was approximately HK$4,754,000, compared to a loss of HK$26,133,000 for the same period in 2023[7]. - Profit before tax for the six months ended September 30, 2024, was approximately HK$3,178,000, compared to a loss of HK$5,684,000 in the previous year[7]. - The Group recorded other gains of approximately HK$102,000 for the six months ended September 30, 2024[7]. - Profit from continuing operations attributable to owners of the Company was HK$4,266,000, compared to a loss of HK$18,583,000 in the previous period[9]. - Basic and diluted profit per share from continuing operations was HK$0.29 cents, compared to a loss of HK$0.31 cents in the previous period[9]. Dividends and Recommendations - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2024[5]. - The Group does not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[93]. Assets and Liabilities - Total non-current assets amounted to HK$242,479,000, slightly down from HK$242,495,000 as of March 31, 2024[10]. - Current assets totaled HK$114,387,000, a decrease from HK$122,697,000 as of March 31, 2024[10]. - Current liabilities decreased significantly to HK$28,020,000 from HK$41,100,000[11]. - Net current assets increased to HK$86,367,000 compared to HK$81,597,000 in the previous period[11]. - Total equity rose to HK$328,846,000 from HK$324,092,000 as of March 31, 2024[11]. - Cash and cash equivalents increased to HK$20,774,000 from HK$15,248,000[10]. - Inventories decreased to HK$2,506,000 from HK$2,681,000[10]. - As of September 30, 2024, total assets amounted to HK$356,866,000, a decrease from HK$365,192,000 as of March 31, 2024[34]. - Total liabilities as of September 30, 2024, were HK$28,020,000, down from HK$41,100,000 as of March 31, 2024[34]. Cash Flow and Financing Activities - Net cash generated from operating activities was 6,537,000, compared to a cash outflow of 28,208,000 in the previous period[19]. - Net cash generated from investing activities amounted to 5,037,000, a significant increase from 40,000 in the prior period[19]. - Net cash used in financing activities was 6,034,000, down from a cash inflow of 27,787,000 in the previous period[19]. - Cash and cash equivalents at the end of the reporting period increased to 20,774,000 from 13,895,000[19]. Segment Performance - The Group's total revenue for the six months ended September 30, 2023, was HK$44,820,000, with external sales from the Gold and Jewellery Business contributing HK$33,516,000[30]. - The segment results profit for the Gold and Jewellery Business was HK$3,204,000, while the Lending Business and Property Management Services Business reported profits of HK$278,000 and HK$5,672,000 respectively, totaling HK$9,154,000[29]. - Revenue from the Group's Jewellery Business increased by HK$6,956,000, while revenue from the Lending Business decreased by HK$311,000 and revenue from Property Management Services decreased by HK$2,914,000 during the review period[96]. - Revenue from Property Management Services decreased by approximately HK$2,914,000 from approximately HK$10,682,000 (restated) for the six months ended September 30, 2023, to approximately HK$7,768,000 for the six months ended September 30, 2024[122]. Strategic Initiatives - The Group aims to enhance its market position through strategic expansions and potential mergers in the upcoming fiscal periods[15]. - The Group plans to enhance its sales efforts in South China to identify more jewellery wholesaler customers, aiming to expand its secondary gold sales agency business[116]. - The Group intends to increase sales to major high-end corporate customers, focusing on jewellery as corporate gifts and awards to boost profitability[116]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited to expand its Property Management Services Business, which became an indirect wholly-owned subsidiary on October 5, 2023[118]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[179]. - The Audit Committee consists of three independent non-executive Directors and has reviewed the report, providing advice and comments[181]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[182]. - The Nomination Committee is tasked with formulating nomination policies and reviewing the size and structure of the Board[187]. Share Capital and Options - As of September 30, 2024, the Company had 1,457,238,414 shares in issue[148]. - The current share option scheme, effective for 10 years from September 10, 2021, allows eligible participants to subscribe for shares at a price determined by the Board[149]. - The share option scheme aims to provide incentives and rewards to participants contributing to the Group's success[148]. - The CBG Share Award Scheme was approved on March 18, 2024, and is valid for 10 years starting from March 20, 2024[155].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 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） 正面盈利預告 本公告由朗華國際集團有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10(2) 條及香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文而作出。 本公司董事（「董事」）會謹此知會本公司股東（「股東」）及潛在投資者，根據本 公司現有資料及對本集團截至二零二四年九月三十日止六個月（「本期間」）之 最近期未經審核綜合管理賬目進行之初步審閱，預期本集團於本期間將錄得 本公司擁有人應佔溢利約350萬港元至550萬港元，而截至二零二三年九月三十 日止六個月則錄得虧損約1,860萬港元。 經營業績扭虧為盈主要是由於出售金融科技業務，其自二零二三年四月一日 至二零二三年九月三十 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 朗華國際集團有限公司 主席兼執行董事 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） 董事會會議通告 朗華國際集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二四年十一月十二日（星期二）舉行董事會會議，藉以（其中包括）審議及 批准本公司及其附屬公司截至二零二四年九月三十日止六個月之未經審核中 期業績及其發佈，並考慮宣派中期股息（如有）及處理任何其他事項。 承董事會命 張春華 香港，二零二四年十月三十一日 於本公告日期，董事會包括以下董事： 張春華先生（執行董事（主席）） 張春萍女士（執行董事兼首席執行官） 陳美恩女士（獨立非執行董事） 黃敬舒女士（獨立非執行董事） 彭銀先生（獨立非執行董事） 本公告乃遵照GEM上市規則之規定而提供有關本公司之資料，各董事願就此共同及個別承擔 全部責任。 ...

Management Changes - The company appointed Ms. Zhang Chunping as Chief Executive Officer on July 1, 2023, following the resignation of Ms. Chung, Elizabeth Ching Yee on the same date[5]. - The company has undergone significant management changes, including the appointment of new committee members on October 1, 2023[6]. - Ms. Zhang Chunping was appointed as a director on 1 October 2023, while Ms. Chung, Elizabeth Ching Yee resigned on the same date[21]. - The company has appointed new independent non-executive Directors effective from 1 October 2023[106]. Financial Performance - The company reported a consolidated statement of profit or loss and other comprehensive income, indicating financial performance metrics[4]. - As of 31 March 2024, the company had 1,457,238,414 shares issued[33]. - Brilliant Chapter Limited holds 834,851,294 shares, with 20% of its issued share capital held by Source Mega Limited[33]. - The remuneration for annual audit and non-audit services provided by the auditors amounted to HK$1,006,000 and HK$814,000 respectively[186][188]. - The Audit Committee reviewed the Group's unaudited quarterly and interim results and audited annual results for the year ended 31 March 2024, confirming compliance with applicable accounting standards[181]. Corporate Governance - The company emphasizes the importance of compliance with GEM Listing Rules to ensure accurate and complete reporting[2]. - The Group is committed to achieving high standards of business ethics and corporate governance across all activities and operations[70]. - The Board is responsible for the overall management of the Group, formulating the Group's strategic direction and corporate governance[73]. - The current composition of the Board includes more than one third being Independent Non-Executive Directors (INEDs), exceeding independence requirements under the Listing Rules[78]. - The Chairman and Chief Executive Officer roles are separated and exercised by different individuals, complying with corporate governance standards[83]. Risk Management - The Company considers its risk management and internal control systems effective and adequate after an annual review[98]. - The Board is responsible for maintaining effective risk management and internal control systems to safeguard assets and ensure compliance with relevant regulations[187][190]. - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[187]. - The Group has engaged an external independent internal control consultant to review the adequacy and effectiveness of its risk management and internal control systems during the year[190][191]. Board Committees - The Board has established four committees: Remuneration Committee, Nomination Committee, Audit Committee, and Independent Board Committee to oversee specific aspects of the Company's affairs[144]. - The primary duties of the Audit Committee include reviewing the Group's financial reporting system and internal control procedures[160]. - The Nomination Committee held two meetings during the year to review the structure, size, and composition of the Board of Directors[179]. - The Remuneration Committee comprises three independent non-executive Directors, responsible for recommending remuneration policies and reviewing specific packages for executive Directors and senior management[147]. Compliance and Training - The company emphasizes the importance of continuous professional development for directors, ensuring they stay updated on business and industry developments[122]. - The Company has mechanisms in place for INEDs to express opinions openly and confidentially when necessary[81]. - The Company is committed to arranging and funding suitable training for all directors to ensure they are fully aware of their roles and responsibilities under the Listing Rules and applicable legal requirements[123]. - The Company Secretary has taken no less than 15 hours of relevant professional training during the year under review[105]. Shareholder Relations - The independent financial advisor has been appointed to provide opinions to the independent board committee and independent shareholders regarding the proposed transactions[115]. - The independent auditor's report is included in the annual report, affirming the responsibility for the financial statements[116]. - The Company has a Whistleblowing Policy to guide reporting of fraud and misconduct, ensuring confidentiality of whistleblowers[193][194]. - No incidents of fraud or misconduct affecting the Group's financial statements were reported during the relevant period[196].

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 91,254,000, a decrease of about HKD 17,070,000 compared to the previous year[1]. - The group's gross profit for the fiscal year ending March 31, 2024, was approximately HKD 18,846,000, down by HKD 864,000 from the previous year[1]. - The group recorded a loss of approximately HKD 76,095,000 for the fiscal year ending March 31, 2024, compared to a loss of HKD 43,386,000 for the fiscal year ending March 31, 2023, primarily due to increased impairment losses and losses from discontinued operations[1]. - The total comprehensive loss for the year was HKD 77,665,000, compared to HKD 44,883,000 in the previous year[10]. - The basic and diluted loss per share from continuing and discontinued operations was HKD 4.73, compared to HKD 2.25 in the previous year[13]. - The company reported a pre-tax loss of HKD 10,651 million for the year ended March 31, 2023[51]. - The pre-tax loss for the year ending March 31, 2024, is projected to be HKD 51,537 million[60]. - The group reported a loss before tax of HKD 51,378,000, compared to a profit of HKD 10,651,000 in the previous year, reflecting a negative swing of approximately 584.5%[71]. - The group reported a net loss attributable to the owners of the company of HKD 68,926,000 for the year, which is a 109.83% increase compared to the previous year's loss of HKD 32,792,000[195]. Dividends and Recommendations - The board of directors does not recommend the payment of any dividends for the fiscal year ending March 31, 2024[1]. - The company does not recommend a dividend distribution for the year ended March 31, 2024[124]. Impairment and Losses - The impairment losses recognized under the expected credit loss model increased significantly to HKD 23,803,000 from HKD 4,056,000 in the previous year[10]. - The company reported a total of HKD 23,803 million in impairment losses recognized, net of reversals, for the year ending March 31, 2024[66]. - The impairment loss recognized under the expected credit loss model for the year ended March 31, 2024, was approximately HKD 23,803,000, significantly higher than HKD 4,056,000 for the previous year[140]. Assets and Liabilities - Non-current assets totalled HKD 242,495 thousand, a significant increase from HKD 16,100 thousand in the previous year[22]. - Current assets decreased to HKD 122,697 thousand from HKD 179,596 thousand, reflecting a decline of approximately 31.6%[22]. - Current liabilities totalled HKD 41,100 thousand, down from HKD 71,320 thousand, indicating a reduction of about 42.4%[22]. - The net asset value decreased to HKD 81,597 thousand from HKD 108,276 thousand, representing a decline of approximately 24.8%[23]. - The total liabilities as of March 31, 2024, are projected to be HKD 41,100 million, a significant decrease from HKD 129,534 million in the previous year[63]. - The company's total liabilities decreased significantly, reflecting improved financial health and operational efficiency[22]. Equity and Share Capital - The total equity increased to HKD 324,092 thousand from HKD 66,162 thousand, showing a substantial growth of approximately 388.5%[23]. - The total equity increased by approximately HKD 257,930,000 to about HKD 324,092,000 as of March 31, 2024, compared to HKD 66,162,000 as of March 31, 2023[147]. - The total equity of the group as of March 31, 2024, is approximately HKD 324,092,000, a decrease of about 390% compared to HKD 66,162,000 as of March 31, 2023[158]. Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 15,248 thousand from HKD 46,886 thousand, a decline of about 67.5%[22]. - The group's cash and cash equivalents totaled approximately HKD 15,248,000 as of March 31, 2024, down from HKD 46,886,000 as of March 31, 2023[158]. - The company reported a net cash inflow of HKD 44,137,000 for the year, compared to a net cash outflow of HKD 23,982,000 in the previous year[109]. Operational Changes and Acquisitions - The company completed the acquisition of Shenzhen Langhua Property Services Co., Ltd. on October 5, 2023, enhancing its property management services[31]. - The company completed the sale of 3,794 ordinary shares of Zhilang Holdings, resulting in the loss of control over its fintech business[15]. - The company completed the sale of an 18.9% stake in Zhilang Holdings Limited on October 5, 2023, with a fair value of approximately HKD 240,994,000 as of March 31, 2024[124]. Business Segments and Revenue Sources - The company is involved in gold and jewelry, lending, and property management services, with some operations being discontinued[50]. - The revenue from the gold and jewelry business decreased from approximately HKD 88,928,000 to about HKD 71,810,000, a reduction of approximately HKD 17,118,000, primarily due to a decline in wholesale of gold jewelry products in China[95]. - The property management services revenue increased from approximately HKD 16,226,000 to about HKD 16,983,000, an increase of approximately HKD 757,000, driven by growth in property management service income[115]. Financial Ratios - The current ratio as of March 31, 2024, is 2.99, an increase from 2.52 as of March 31, 2023[158]. - The quick ratio as of March 31, 2024, is 2.92, up from 2.28 as of March 31, 2023[158]. - The asset-to-liability ratio as of March 31, 2024, is 4.70%, a significant decrease from 31.69% as of March 31, 2023[158]. Administrative and Employee Expenses - The group’s administrative expenses increased to HKD 43,301,000 from HKD 16,967,000, marking an increase of approximately 155.5%[71]. - The group’s employee benefits expenses, including director remuneration, totaled HKD 29,121,000, up from HKD 8,456,000, indicating a rise of approximately 244.5%[84]. Risk Management and Compliance - The company has established a robust risk management and internal control system to protect assets and ensure compliance with laws and regulations[169]. - The Audit Committee has reviewed the audited financial statements for the year ending March 31, 2024, confirming compliance with applicable accounting standards and GEM listing rules[172].

Financial Performance - Revenue for the six months ended 30 September 2023 was HK$34,138,000, a decrease from HK$42,845,000 in the same period of 2022, representing a decline of approximately 20.3%[3] - Gross profit for the period was HK$1,410,000, down from HK$1,867,000 in 2022, indicating a decrease of about 24.4%[3] - Loss before tax for the six months was HK$5,734,000, compared to a loss of HK$6,040,000 in the prior year, showing an improvement of approximately 5.1%[3] - Total loss for the period was HK$26,949,000, slightly better than the loss of HK$28,822,000 reported in the same period last year, reflecting a reduction of about 6.5%[3] - The company reported a loss attributable to owners of the company of HK$19,877,000 for the period, compared to HK$22,500,000 in 2022, marking a decrease of approximately 11.7%[5] - The loss per share for the period was HK(1.36) cents, an improvement from HK(1.54) cents in the same period of the previous year[5] - The total comprehensive loss for the period was HK$27,427,000, with a significant loss attributed to the Lending Business[80] - The Group's loss before tax for the period was HK$5,734,000, reflecting challenges in operational performance[101] - The Group recorded a loss of approximately HK$26,949,000 for the six months ended 30 September 2023, compared to a loss of approximately HK$28,822,000 for the same period in 2022, primarily due to operational losses in the fintech business[189] Discontinued Operations - Discontinued operations resulted in a loss of HK$21,215,000, compared to HK$22,782,000 in the prior year, indicating a decrease of about 6.9%[3] - Revenue from discontinued operations was HK$3,005,000, with a gross profit of HK$3,004,000, compared to HK$1,039,000 in revenue and HK$701,000 in gross profit for the previous year[124] - The fintech business was disposed of on October 5, 2023, with assets and liabilities reclassified as "Assets classified as held for sale" and "Liabilities associated with assets classified as held for sale"[69] - The Group partially disposed of its fintech business on October 5, 2023, resulting in a loss of control over 18.6% of Brillink Holdings Limited[95] - The Group completed the disposal of an 18.6% shareholding in Brillink Holdings Limited for HK$184.9 million on 5 October 2023[184] Assets and Liabilities - Total non-current assets as of 30 September 2023 were HK$605,000, compared to HK$14,415,000 as of 31 March 2023[16] - Current assets totaled HK$199,020,000 as of 30 September 2023, an increase from HK$154,349,000 as of 31 March 2023[16] - Total current liabilities amounted to HK$119,844,000 as of 30 September 2023, compared to HK$61,491,000 as of 31 March 2023[19] - Net assets as of 30 September 2023 were HK$21,632,000, down from HK$49,059,000 as of 31 March 2023[19] - The Group's total assets as of September 30, 2023, were reported at HK$741,120,000, reflecting a decrease from previous periods[80] - The Group's total liabilities rose to HK$177,993,000 as of September 30, 2023, compared to HK$119,705,000 as of March 31, 2023[114] - The Group's cash and cash equivalents related to the fintech business amount to approximately HK$83,311,000, included in the assets classified as held for sale[156] Cash Flow - Net cash used in operating activities for the six months was HK$22,362,000, compared to HK$2,809,000 in the previous year[83] - Cash and cash equivalents at the end of the reporting period were HK$8,541,000, a decrease from HK$76,916,000 at the beginning of the period[83] - The net cash generated from financing activities was HK$18,874,000, indicating a positive cash flow from financing despite operational losses[83] - Total cash and cash equivalents decreased to approximately HK$8,541,000 as at 30 September 2023, down from HK$45,089,000 as at 31 March 2023, mainly due to net cash used in discontinuing operations[190] Expenses - The company incurred finance costs of HK$220,000, significantly higher than HK$49,000 in the previous year, indicating an increase of approximately 348.9%[3] - Administrative expenses for the period were HK$5,968,000, up from HK$4,900,000 in 2022, reflecting an increase of about 21.8%[3] - Employee benefits expenses for the period were HK$1,945,000, a decrease from HK$2,141,000 in the previous year[120] - Selling expenses decreased by approximately HK$65,000 from approximately HK$79,000 for the six months ended 30 September 2022 to approximately HK$14,000 for the six months ended 30 September 2023, primarily due to reduced marketing costs in the Jewellery Business[189] - Administrative expenses increased by approximately HK$1,068,000, from approximately HK$4,900,000 for the six months ended 30 September 2022 to approximately HK$5,968,000 for the six months ended 30 September 2023, mainly due to higher legal and professional fees[189] Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2023[12] - The company's share capital remains unchanged at HK$145,724,000 as of both September 30, 2023, and March 31, 2023[178] - The share premium account is distributable to shareholders provided the company can pay off its debts as they fall due[67] Committees and Governance - The company established three committees: Remuneration Committee, Nomination Committee, and Audit Committee to oversee specific aspects of its affairs[46] - The company has a remuneration committee that advises on the compensation policies for all directors and senior management[47] Accounting Policies - The Group's unaudited consolidated results are prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and presented in Hong Kong dollars, with all values rounded to the nearest thousand[71] - The Group has not adopted or early adopted new amendments to HKFRSs that are relevant to the Group but not yet effective, and is currently assessing their impact[72] - The adoption of new amendments to HKFRSs had no significant effect on the financial results of the current period[72] - The Group's accounting policies are consistent with those adopted in the preparation of the annual consolidated financial statements for the year ended March 31, 2023[71] Inventory and Receivables - The Group's finished goods inventory as of September 30, 2023, is HK$9,902,000, a decrease from HK$16,816,000 as of March 31, 2023[131] - The aging analysis of the Group's loan receivables indicates that the total outstanding principal amount before credit loss provisions was HK$15,926,000 as of September 30, 2023, down from HK$25,855,000 as of March 31, 2023[151] - The aging analysis of trade receivables indicates that the company has receivables due within three months amounting to HK$12,151,000[167] Strategic Focus - The Group's strategic focus remains on expanding its Gold and Jewellery and Lending businesses while managing the transition of its fintech operations[86]