Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 11,508,000, an increase of about 5.05% compared to the same period last fiscal year[9]. - The loss attributable to the owners of the company for the six months ended September 30, 2023, was approximately HKD 3,613,000, significantly reduced from a loss of HKD 38,867,000 in the same period last fiscal year[10]. - The group's gross profit for the six months ended September 30, 2023, was approximately HKD 6,135,000, down from HKD 10,160,000 in the same period last fiscal year[11]. - The total comprehensive loss attributable to the owners of the company for the six months ended September 30, 2023, was HKD 6,452,000, compared to HKD 45,685,000 in the same period last fiscal year[16]. - The company reported a basic and diluted loss per share of HKD 0.21 for the six months ended September 30, 2023, compared to HKD 1.70 in the same period last fiscal year[16]. - The group reported a pre-tax loss of HKD 3,613,000 for the six months ended September 30, 2023, compared to a loss of HKD 6,513,000 in the previous period, showing an improvement in financial performance[55]. - For the six months ended September 30, 2023, the company reported a pre-tax loss of HKD 38,867,000, compared to a pre-tax loss of HKD 4,843,000 for the same period in 2022[86]. Revenue Breakdown - The revenue from cryptocurrency business was HKD 4,545,000 for the six months ended September 30, 2023, consistent with the previous period, while financial services revenue was HKD 3,952,000, up from HKD 1,690,000, indicating a significant growth[51]. - The group’s total segment revenue for the six months ended September 30, 2023, was HKD 11,508,000, with the cryptocurrency segment contributing HKD 4,545,000, horse services HKD 2,184,000, and financial services HKD 3,952,000[55]. - The group’s financial services revenue for the three months ended September 30, 2023, was HKD 6,997,000, compared to HKD 2,751,000 in the same period last year, marking an increase of approximately 154%[51]. - The cryptocurrency business generated an increase in revenue of approximately HKD 4,500,000, while financial services revenue decreased by the same amount[152]. Cash Flow and Assets - For the six months ended September 30, 2023, the company reported a net cash inflow from operating activities of HKD 2,948,000, a significant decrease from HKD 22,244,000 in the same period last year[25]. - As of September 30, 2023, the company recorded cash and cash equivalents of HKD 57,423,000, down from HKD 66,249,000 as of March 31, 2023[35]. - The company's total assets less current liabilities as of September 30, 2023, were HKD 84,160,000, down from HKD 91,416,000 as of March 31, 2023[21]. - The net current assets as of September 30, 2023, were HKD 40,741,000, down from HKD 46,389,000 as of March 31, 2023[21]. - The total non-current assets as of September 30, 2023, were HKD 40,137,000, down from HKD 41,988,000 as of March 31, 2023[79]. - Cash and bank balances as of September 30, 2023, were approximately HKD 57,423,000, representing a decrease of about 13.32% compared to the balance as of March 31, 2023[141]. Liabilities and Financial Condition - The total liabilities as of September 30, 2023, were HKD 123,317,000, slightly up from HKD 124,121,000 as of March 31, 2023[21]. - The company incurred a net loss of approximately HKD 3,613,000 for the six months ended September 30, 2023, compared to a net loss of HKD 38,867,000 for the same period in 2022[35]. - The company has a significant amount of HKD 133,767,000 in promissory notes payable to a related company, which is due on January 31, 2025[35]. - The company acknowledges significant uncertainty regarding its ability to continue as a going concern due to its financial situation[40]. - The company's net liabilities as of September 30, 2023, were approximately HKD 39,406,000, up from about HKD 32,705,000 as of March 31, 2023[141]. Corporate Governance and Compliance - The group continues to review its corporate governance practices to ensure compliance with the relevant codes and standards[61]. - The group has established corporate governance procedures to ensure independent evaluation and review of business opportunities and performance[91]. - The group has not entered into any significant contracts where directors have a substantial interest during the reporting period[169]. - The group has not purchased, sold, or redeemed any shares during the reporting period[149]. Operational Strategies - The company plans to implement strict monitoring procedures for loan repayments and trade receivables to improve cash flow and financial condition[39]. - The company aims to strengthen cost control measures to enhance profitability and operational cash inflows[39]. - The company is in discussions with creditors to extend the maturity of its debts and seeks alternative financing to meet cash flow needs[39]. - The company remains cautious regarding its financial services segment due to market volatility, leading to a decrease in revenue and profit compared to the same period last year[137]. - The company is optimistic about the future of its Bitcoin mining operations despite the downturn in the cryptocurrency market in 2022[140]. - The company has no intention to further invest in its property investment segment, which has provided stable cash flow[141]. - The group has no intention to further invest in the horse breeding segment due to anticipated revenue decline in the upcoming fiscal year[160]. Employee and Administrative Expenses - Employee benefits expenses, including directors' remuneration, totaled HKD 9,136,000 for the six months ended September 30, 2023, slightly down from HKD 9,208,000 in the same period of 2022[99]. - Administrative expenses decreased from approximately HKD 17,000,000 for the six months ended September 30, 2022, to about HKD 13,900,000 for the same period in 2023, a reduction of approximately 18.24%[116]. - The group employed a total of 26 employees as of September 30, 2023, down from 35 employees in the previous year, with total compensation of approximately HKD 9,136,000[144]. Other Operating Income - The group's other operating income for the six months ended September 30, 2023, was HKD 10,623,000, compared to HKD 1,639,000 in the same period last fiscal year[14]. - Other operating income increased from approximately HKD 1,600,000 for the six months ended September 30, 2022, to about HKD 10,600,000 for the same period in 2023, driven mainly by insurance claims related to breeding horses[135]. - Other operating income decreased from approximately HKD 27,500,000 for the six months ended September 30, 2022, to approximately HKD 2,700,000 for the same period in 2023, primarily due to a reduction in cryptocurrency impairment losses[153].

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，並明確表示概不會就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。 Imperium Financial Group Limited 帝國金融集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8029） 截至二零二三年九月三十日止六個月 中期業績公告 帝國金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司截至二零二三年九月三十日止六個月的未經審核綜合中期業績。本公告列載本公司 二零二三年中期報告全文，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」）中有關中期業績初步公告附載資料的相關要求。 承董事會命 帝國金融集團有限公司 主席 鄭丁港 ...

Financial Performance - For the three months ended June 30, 2023, the company reported a profit attributable to owners of approximately HKD 3,184,000, compared to a loss of HKD 24,048,000 in the same period last year [64]. - Revenue for the same period was approximately HKD 2,663,000, representing a decrease of about 56.30% compared to the previous fiscal year [59]. - The gross profit for the three months ended June 30, 2023, was approximately HKD 2,542,000, down from HKD 5,983,000 in the previous fiscal year [81]. - The total comprehensive income attributable to owners for the period was approximately HKD 2,717,000, compared to a loss of HKD 27,813,000 in the previous fiscal year [60]. - Basic earnings per share for the period was HKD 0.14, compared to a loss per share of HKD 1.05 in the same period last year [84]. - The actual interest expense on promissory notes for the three months ended June 30, 2023, was HKD 4,421,000, compared to HKD 4,173,000 in the previous year [92]. Revenue Sources and Business Operations - The financial services division's revenue and profit decreased compared to the same period last year due to a cautious approach in lending amid ongoing global uncertainties [12]. - The group primarily engages in lending, securities and futures brokerage, asset management services, property investment, breeding horse investments, and cryptocurrency mining [88]. - The group did not sell any cryptocurrencies during the reporting period, which impacted the revenue from the cryptocurrency segment [97]. - The company plans to resume its investment immigration business, leveraging past experience to diversify revenue sources and expand its client base [44]. - The group has entered the cryptocurrency mining business, believing it will provide long-term and stable income [103]. Cost Management and Expenses - For the three months ended June 30, 2023, the company reported a direct cost increase from approximately HKD 111,000 to approximately HKD 121,000 [8]. - Administrative expenses decreased by 42.48% to approximately HKD 5,252,000, down from HKD 9,131,000 in the same period last year, due to streamlining of the business [78]. - The company experienced insurance claims during the reporting period, which significantly contributed to the profit [52]. Corporate Governance and Shareholder Actions - The company continues to comply with the corporate governance code as per GEM listing rules [35]. - No dividends were declared for the three months ended June 30, 2023, consistent with the previous year [4]. - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2023, consistent with the previous year [82]. - The company has not purchased, sold, or redeemed any shares during the reporting period [46]. - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the review period [147]. Strategic Initiatives and Future Outlook - The board believes that the restructuring of the horse business division will improve performance and cash flow [11]. - The company is considering strategic alliances to accelerate business development and improve financial conditions [15]. - The group anticipates an improvement in the trading volume and number of IPOs in the Hong Kong stock market due to the easing of COVID-19 measures and the end of interest rate hikes [104]. - The group plans to enhance its capabilities in providing high-quality securities market services to individual and corporate clients [104]. Employee and Operational Metrics - The total number of employees as of June 30, 2023, was 29, down from 42 in the previous year, with total compensation of approximately HKD 4,568,000 [134]. - As of June 30, 2023, there were no stock options granted or exercised under the plan during the three-month period [138]. - The board consists of four executive directors and three independent non-executive directors as of the report date [158]. Financial Position - The net debt of the group as of June 30, 2023, was approximately HKD 29,990,000, down from HKD 32,705,000 as of March 31, 2023 [106]. - Cash and bank balances as of June 30, 2023, were approximately HKD 73,399,000, an increase of about 10.79% from HKD 66,300,000 as of March 31, 2023 [106]. - The group reported other operating income of approximately HKD 10,473,000 due to an insurance claim related to the death of a racehorse [98]. - The company has not established any foreign exchange hedging arrangements, indicating exposure to foreign exchange risk [54].

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，並明確表示概不會就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。 Imperium Financial Group Limited 帝國金融集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8029） 截至二零二三年六月三十日止三個月 第一季業績公告 帝國金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司截至二零二三年六月三十日止三個月的未經審核綜合第一季業績。本公告列載本公 司第一季報告全文，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」）中有關第一季業績初步公告附載資料的相關要求。 承董事會命 帝國金融集團有限公司 執行董事 鄭美程 ...

Financial Performance - The company reported a revenue of HKD 30,273,000 for the year ended March 31, 2023, a decrease of 43.4% compared to HKD 53,691,000 in the previous year[66]. - The gross profit for the same period was HKD 17,807,000, down 53.9% from HKD 37,795,000 year-on-year[66]. - The company incurred a net loss of approximately HKD 117,622,000, compared to a net loss of HKD 106,163,000 in the previous year, representing an increase in loss of 10.9%[66]. - The total comprehensive loss attributable to the owners of the company for the year was HKD 120,840,000, compared to HKD 106,426,000 in the previous year, reflecting a 13.6% increase[66]. - The basic and diluted loss per share for the year was HKD 5.15, compared to HKD 4.67 in the previous year[66]. - The group recorded a net loss of approximately HKD 117.62 million for the year ended March 31, 2023, compared to a net loss of HKD 106.16 million for the previous year, marking eleven consecutive years of losses[147]. - Cumulative losses over the eleven years reached approximately HKD 2.22 billion as of March 31, 2023, compared to HKD 2.10 billion for the previous ten years[147]. Financial Position - The company had a net debt position of approximately HKD 32,705,000 as of March 31, 2023[57]. - The total equity decreased from HKD 68,667,000 in 2022 to a deficit of HKD 32,705,000 in 2023, indicating a significant shift in financial position[97]. - Non-current assets decreased from HKD 109,503,000 in 2022 to HKD 44,676,000 in 2023, representing a decline of approximately 59.3%[69]. - Current assets decreased from HKD 234,072,000 in 2022 to HKD 140,728,000 in 2023, a reduction of about 40%[69]. - Cash and cash equivalents decreased from HKD 85,535,000 in 2022 to HKD 66,249,000 in 2023, a decline of approximately 22.5%[69]. - Total liabilities decreased from HKD 101,106,000 in 2022 to HKD 93,988,000 in 2023, a decrease of about 7.5%[69]. - The net current asset value dropped from HKD 132,966,000 in 2022 to HKD 46,740,000 in 2023, reflecting a decline of approximately 64.8%[97]. - Trade receivables increased from HKD 2,831,000 in 2022 to HKD 5,424,000 in 2023, an increase of approximately 91.5%[69]. - Margin financing receivables decreased from HKD 59,428,000 in 2022 to HKD 10,154,000 in 2023, a decline of about 83.0%[69]. - The company reported a significant reduction in biological assets from HKD 2,388,000 in 2022 to HKD 584,000 in 2023, a decrease of approximately 75.6%[69]. - The company’s lease liabilities increased from HKD 1,117,000 in 2022 to HKD 1,802,000 in 2023, an increase of about 61.2%[69]. Compliance and Governance - The company reported a comprehensive financial statement for the year ending March 31, 2023, which complies with applicable accounting standards and GEM listing rules[9]. - The board of directors is responsible for ensuring compliance with significant laws and regulations, confirming adherence during the fiscal year ending March 31, 2023[19]. - The audit committee reviewed the annual performance and confirmed that the financial statements were adequately disclosed[9]. - The company has established a risk management and internal control system to manage significant risks rather than eliminate them[22]. - The board of directors is committed to continuous professional development and training for its members[16]. - The company has a nomination committee to oversee the appointment of directors, ensuring a diverse and skilled board[36]. - The company emphasizes maintaining high levels of transparency to enhance investor relations, providing clear and complete information through quarterly and annual reports[21]. - The company has complied with the GEM Listing Rules regarding related party transactions, with all applicable percentage ratios below 25% and annual limits below HKD 10,000,000[112]. Strategic Planning - The company has a strategic operational plan reflecting the long-term goals and priorities set by the board[4]. - The company plans to implement cost control measures and business strategies to improve operational performance[58]. - The company aims to provide more detailed monthly updates to the board regarding its performance and outlook[43]. - The group will continue to implement strict monitoring procedures on receivables to improve cash flow and financial condition[148]. - The group plans to enhance cost control measures to achieve profitability and improve operating cash inflows[149]. Revenue Recognition - The group recognizes revenue from customer contracts when control transfers over time, based on the progress of fulfilling performance obligations[169]. - Contract liabilities represent the obligation to transfer goods or services to customers for which the group has received consideration[170]. - Asset management fees are charged as a fixed percentage of the net asset value of managed accounts, recognized over time[175]. - Revenue from cryptocurrency sales is recognized at the point of transfer of control, which occurs when the sale is executed on the trading platform[194]. - Performance fees are recognized at the end of the relevant performance period when uncertainties regarding variable consideration are resolved[192]. - The group updates estimated transaction prices at each reporting period end to reflect current conditions and changes during the period[188]. - The group confirms service revenue upon issuance of veterinary certificates for healthy foals produced[193]. Related Party Transactions - The company has a principal amount of HKD 143,767,000 in promissory notes payable to a related company, which has been extended to January 31, 2025[57]. - The maximum annual limit for margin loans to related parties is set at HKD 9,800,000 for the fiscal years ending March 31, 2021, 2022, and 2023[110]. - The maximum annual interest for margin financing is capped at HKD 1,500,000 for the fiscal years ending March 31, 2021, 2022, and 2023[110]. - The maximum annual brokerage commission for services provided to related parties is set at HKD 7,500,000 for the fiscal years ending March 31, 2021, 2022, and 2023[110]. - The service agreements with related parties are structured to provide brokerage and margin financing services, ensuring compliance with regulatory requirements[117]. Auditor's Opinion - The company’s auditor has issued an unqualified letter regarding the related party transactions disclosed in the financial statements[113]. - The company anticipates that the application of all new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[129]. - The group has not applied new or revised Hong Kong Financial Reporting Standards that are not yet effective as of the reporting date[143].

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，並明確表示概不會就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。 Imperium Financial Group Limited 帝國金融集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8029） 截至二零二三年三月三十一日止年度 之年度業績公告 帝國金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司截至二零二三年三月三十一日止年度的經審核綜合業績。本公告列載本公司二零二 三年年報的全文，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的資料要求。 承董事會命 帝國金融集團有限公司 執行董事 鄭美程 ...

Financial Performance - The group reported a pre-tax loss of approximately HKD 75,981,000 for the nine months ended December 31, 2022, compared to a loss of approximately HKD 25,347,000 for the same period last year [5]. - Revenue for the nine months ended December 31, 2022, was approximately HKD 23,227,000, representing a decrease of about 50.42% compared to the same period last year [15]. - Gross profit for the nine months ended December 31, 2022, was approximately HKD 12,441,000, down from HKD 36,330,000 in the previous fiscal year [12]. - The total comprehensive loss attributable to owners of the company for the nine months ended December 31, 2022, was approximately HKD 83,590,000, compared to HKD 19,986,000 for the same period last year [16]. - The group reported a loss per share of HKD 3.33 for the nine months ended December 31, 2022, compared to HKD 1.12 for the same period last year [36]. - The company reported a loss attributable to owners of approximately 75,981,000 HKD for the nine months ended December 31, 2022, compared to a loss of 25,347,000 HKD in the same period last year [52]. - The company reported a loss of approximately 37,114,000 HKD after tax for the nine months ended December 31, 2022, compared to a loss of 7,733,000 HKD in the same period last year [77]. Revenue and Expenses - The group’s revenue from financial services for the nine months ended December 31, 2022, was HKD 5,546,000, compared to HKD 16,751,000 in the previous year [24]. - The group incurred administrative expenses of HKD 56,549,000 for the nine months ended December 31, 2022, compared to HKD 44,767,000 in the previous year [7]. - Administrative expenses decreased by 46.40% from approximately 44,767,000 HKD to about 23,995,000 HKD, primarily due to improved internal control efficiency [56]. - The direct costs slightly increased from approximately 10,516,000 HKD in the previous year to about 10,816,000 HKD [76]. - Total compensation for employees was approximately HKD 13,812,000 for the nine months ended December 31, 2022, down from HKD 16,907,000 in the previous year, reflecting a reduction in headcount from 43 to 34 employees [123][1]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2022 [13]. - The company has not declared any dividends for the nine months ended December 31, 2022, consistent with the previous year [50]. - Fresh Success Investment Limited holds 62.95% of the issued shares, with 1,437,914,040 shares owned, indicating significant control over the company [131]. Cryptocurrency Operations - The company experienced a significant increase in cryptocurrency impairment losses, amounting to 27,223,000 HKD for the nine months ended December 31, 2022, compared to 6,001,000 HKD in the previous year [46]. - The company has initiated cryptocurrency mining operations after acquiring mining equipment on April 30, 2021 [79]. - Cryptocurrency mining operations were relocated to Kazakhstan in July 2021, but performance has been affected by unstable electricity supply and political conditions in the region [81]. - The management will continue to monitor the cryptocurrency mining business and seek opportunities to maximize its performance [81]. - The group completed the acquisition of digital currency mining machines for a total consideration of 112,522,768 shares, aiming to establish a stable income stream from the cryptocurrency/blockchain business [81]. Future Outlook and Strategy - The management anticipates that 2023 will be challenging due to global economic uncertainties, including the impact of the US-China trade dispute and rising interest rates [83]. - The group plans to enhance operational efficiency and seek strategic alliances to accelerate business development and improve financial conditions [83]. - The group aims to adjust its business portfolio to create value for shareholders amid the dual challenges and opportunities presented by the current market conditions [83]. - The group's operational funding primarily comes from internal resources as of the nine months ending December 31, 2022 [83]. Corporate Governance - The board of directors is committed to ensuring that all major business activities are independently evaluated and reviewed [106]. - The company continues to comply with the corporate governance code as per GEM listing rules, with minor deviations noted [138]. - The company is committed to reviewing its corporate governance practices regularly to ensure compliance with applicable standards [138]. - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure [133]. Other Information - The company has a rental income of approximately HKD 1,700,000 per year from leasing certain lands and farms in Australia [124]. - The company has not engaged in any purchase, redemption, or sale of its listed securities during the review period [135]. - The company has not entered into any significant contracts that would affect its subsidiaries or directors' interests during the reporting period [127].

Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 10,955,000, a decrease of about 62% compared to the same period last fiscal year[7]. - The gross profit for the same period was approximately HKD 10,160,000, down from HKD 22,291,000 in the previous fiscal year[7]. - The loss attributable to owners of the company for the six months ended September 30, 2022, was approximately HKD 38,867,000, compared to a profit of HKD 17,614,000 in the same period last year[7]. - The company reported a total comprehensive loss of HKD 45,685,000 for the six months ended September 30, 2022, compared to a loss of HKD 1,906,000 in the same period last year[20]. - The basic and diluted loss per share for the six months ended September 30, 2022, was HKD 1.70, compared to HKD 0.78 in the previous year[22]. - The group reported a net loss of approximately HKD 38,867,000 for the six months ended September 30, 2022, compared to a net loss of HKD 17,614,000 for the same period in 2021[48]. - Financial services revenue for the six months ended September 30, 2022, was HKD 3,933,000, compared to HKD 11,898,000 for the same period in 2021, representing a decline of approximately 66.9%[59]. - Cryptocurrency business revenue was HKD 5,514,000 for the six months ended September 30, 2022, while there was no revenue reported for the same period in 2021[59]. - Total revenue for the six months ended September 30, 2022, was HKD 10,955,000, down from HKD 29,200,000 in the same period of 2021, indicating a decrease of about 62.5%[70]. - The group reported a pre-tax loss of HKD 38,867,000 for the six months ended September 30, 2022, compared to a pre-tax loss of HKD 17,614,000 for the same period in 2021[93]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2022, were HKD 181,764,000, down from HKD 242,469,000 as of March 31, 2022[30]. - Current assets as of September 30, 2022, were HKD 94,017,000, compared to HKD 109,503,000 as of March 31, 2022[27]. - Non-current liabilities as of September 30, 2022, included HKD 149,545,000 in notes payable, down from HKD 167,382,000 as of March 31, 2022[31]. - The net asset value as of September 30, 2022, was HKD 22,982,000, a decrease from HKD 68,667,000 as of March 31, 2022[32]. - The group’s total non-current assets as of September 30, 2022, were HKD 93,742,000, down from HKD 109,228,000 as of March 31, 2022[75]. - Trade receivables, net of expected credit loss provisions, amounted to HKD 4,730,000 as of September 30, 2022[107]. Cash Flow - Cash and cash equivalents at the end of the period were HKD 75,291,000, down from HKD 82,773,000 in the previous year[43]. - The net cash generated from operating activities was HKD 22,244,000, a significant improvement from a cash outflow of HKD 37,116,000 in the prior year[43]. - The group incurred a net cash outflow of HKD 8,911,000 during the period, compared to HKD 38,260,000 in the same period last year[43]. - Cash and bank balances were approximately HKD 75,291,000 as of September 30, 2022, a decrease of about 12% from the balance as of March 31, 2022[139]. Cost Management and Operational Changes - The group aims to strengthen cost control measures to enhance profitability and cash inflow[51]. - The group incurred an impairment loss of HKD 23,688,000 related to cryptocurrency for the six months ended September 30, 2022[77]. - The group’s employee benefits expenses for the six months ended September 30, 2022, totaled HKD 9,208,000, compared to HKD 13,306,000 for the same period in 2021, reflecting a decrease of approximately 30.5%[84]. - Administrative expenses were reduced by 51% from approximately HKD 34,643,000 to about HKD 17,024,000 due to improved internal controls and no additional administrative costs from the cryptocurrency segment[126]. Dividend and Shareholder Matters - The board of directors does not recommend the payment of an interim dividend for the six months ended September 30, 2022[7]. - Fresh Success Investment Limited holds 1,437,914,040 shares, representing 62.95% of the issued share capital[161]. - Raywell Holdings Limited owns 135,430,000 shares, accounting for 5.93% of the issued share capital[161]. - The company has no provisions for preemptive rights in its articles of association or under Cayman Islands law[162]. Corporate Governance - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reporting and internal controls[169]. - The remuneration committee is tasked with formulating policies regarding the remuneration of directors and senior management[170]. - The company has complied with all corporate governance codes as per GEM listing rules, with one exception regarding the attendance of the chairman at the annual general meeting[175]. - The board comprises four executive directors and three independent non-executive directors[177]. Future Outlook and Strategic Plans - The group plans to implement strict monitoring of receivables to improve cash flow and financial condition[51]. - The group will continue to seek financial support from major shareholders to meet its financial obligations[51]. - The group is in discussions with creditors to defer repayment of its debts[51]. - The board believes that with the planned measures and support, the group will have sufficient working capital to meet its financial responsibilities[51]. - The company’s management anticipates a challenging outlook due to the ongoing impacts of the US-China trade dispute and the COVID-19 pandemic[138]. - The company has suspended cryptocurrency mining operations in response to regulatory guidance from the Chinese government and has relocated operations to Kazakhstan since July 2021[134].

Financial Performance - The group's revenue for the three months ended June 30, 2022, was approximately HKD 6,094,000, a decrease of about 45.8% compared to the same period last fiscal year[9] - The gross profit for the same period was approximately HKD 5,983,000, down from HKD 10,832,000 in the previous fiscal year[9] - The loss attributable to owners of the company for the three months ended June 30, 2022, was approximately HKD 24,048,000, compared to a loss of HKD 6,605,000 in the same period last year[9] - The total comprehensive loss for the period was approximately HKD 27,813,000, compared to a total comprehensive income of HKD 11,230,000 in the previous fiscal year[9] - The financial services revenue for the three months ended June 30, 2022, was HKD 2,614,000, down from HKD 7,605,000 in the previous year[32] - The basic and diluted loss per share for the period was HKD 1.05, compared to HKD 0.29 in the previous year[24] - The loss attributable to the company's owners for the same period was approximately HKD 24,048,000, an increase of approximately HKD 17,443,000 compared to the previous fiscal year[59] Expenses and Costs - Administrative expenses for the period were HKD 9,131,000, down from HKD 14,489,000 in the previous year[18] - Financial costs for the three months ended June 30, 2022, were HKD 4,199,000, compared to HKD 4,386,000 in the previous year[39] - Direct costs decreased from approximately HKD 418,000 in the previous year to approximately HKD 111,000[59] - Administrative expenses decreased by 37.0% from approximately HKD 14,489,000 in the previous year to approximately HKD 9,131,000 due to business simplification[59] Assets and Cash Flow - As of June 30, 2022, the group's net asset value was approximately HKD 40,789,000, down from HKD 68,667,000 as of March 31, 2022[72] - Cash and bank balances as of June 30, 2022, were approximately HKD 115,221,000, an increase of approximately 34.7% compared to the balance as of March 31, 2022[72] Impairment and Provisions - The group recognized an impairment loss of approximately HKD 17,389,000 on cryptocurrencies held during the reporting period due to a decline in market value[59] - The net expected credit loss provision reversal for the period was HKD 321,000, compared to HKD 669,000 in the previous year[34] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the three months ended June 30, 2022[100] - The company has complied with the corporate governance code as set out in the GEM Listing Rules during the reporting period[101] - The company has established corporate governance procedures to ensure independent evaluation and review of business opportunities and performance[95] - There were no reported conflicts of interest or competition with the business of the company as of June 30, 2022[99] - The company continues to adopt the code of conduct for securities trading by directors, adhering to the standards set forth in GEM Listing Rules 5.48 to 5.67[102] - The board consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[107] Strategic Direction - The group plans to continue improving operational efficiency and effectiveness while seeking strategic alliances to accelerate business development[71] - The group will adopt a prudent and balanced risk management approach to navigate the current unpredictable economic environment[66] - The company has suspended cryptocurrency mining operations in response to regulatory guidance from the Chinese government and has relocated operations to Kazakhstan since July 2021[68] Shareholder Information - Fresh Success Investment Limited, controlled by Mr. Zheng Dinggang, holds 1,437,914,040 shares, representing 62.95% of the issued share capital[88] - Raywell Holdings Limited, controlled by Mr. Yang Keqin, holds 135,430,000 shares, representing 5.93% of the issued share capital[88] - The company did not purchase, sell, or redeem any shares during the three months ended June 30, 2022[84] - The company has not granted or exercised any share options under the share option scheme during the three months ended June 30, 2022, and no share options were outstanding as of that date[83] - No purchases, redemptions, or sales of the company's listed securities were conducted by the company or any of its subsidiaries during the review period[106] Employment - As of June 30, 2022, the total number of employees was 42, a decrease from 43 in 2021, with total compensation amounting to approximately HKD 5,043,000, down from HKD 6,593,000 in 2021[75]

Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 46,846,000, a decrease of about 24% compared to the same period last fiscal year[7]. - The gross profit for the nine months ended December 31, 2021, was approximately HKD 36,330,000, down from HKD 53,903,000 in the same period last fiscal year[7]. - The loss attributable to shareholders for the nine months ended December 31, 2021, was approximately HKD 25,347,000, compared to a profit of HKD 4,477,000 in the same period last fiscal year[7]. - The total comprehensive loss for the nine months ended December 31, 2021, was HKD (19,986,000), compared to a total comprehensive income of HKD 17,014,000 in the same period last fiscal year[12]. - The basic and diluted loss per share for the nine months ended December 31, 2021, was HKD (1.12), compared to earnings of HKD 0.21 in the same period last fiscal year[12]. Costs and Expenses - The group's direct costs for the nine months ended December 31, 2021, were HKD 10,516,000, compared to HKD 7,823,000 in the same period last fiscal year[10]. - The group's administrative expenses for the nine months ended December 31, 2021, were HKD 44,767,000, compared to HKD 55,526,000 in the same period last fiscal year[10]. - Direct costs increased from approximately HKD 7,823,000 in the previous year to approximately HKD 10,516,000[37]. - Administrative expenses decreased by 19%, from approximately HKD 55,526,000 to approximately HKD 44,767,000, mainly due to improved internal control efficiency[37]. Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2021[8]. - As of December 31, 2021, the company had 29,219,400 stock options granted, all of which were unexercised during the nine-month period[68]. - Fresh Success Investments Limited holds 1,437,914,040 shares, representing 62.82% of the issued share capital[73]. - Raywell Holdings Limited owns 135,430,000 shares, accounting for 5.93% of the issued share capital[73]. - No stock options were granted or exercised during the nine-month period ending December 31, 2021[67]. Business Operations and Strategy - The company primarily engages in lending, securities, futures brokerage, asset management services, property investment, cryptocurrency mining, and investment in racehorses[14]. - The financial services segment's revenue and profit decreased compared to the same period last fiscal year due to cautious management in light of global uncertainties and market volatility[43]. - The group completed the purchase of cryptocurrency mining equipment on April 30, 2021, and commenced cryptocurrency mining operations[40]. - The company has suspended cryptocurrency mining operations in response to the Chinese government's directives and has relocated its mining activities to Kazakhstan since July 2021[44]. - The group is seeking opportunities to maximize the performance of its cryptocurrency mining sector amid unstable power supply and political conditions in Kazakhstan[44]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the nine-month period ending December 31, 2021[79]. - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15, except for the absence of the chairman at the 2019 annual general meeting due to unforeseen circumstances[83]. - The board consists of five executive directors and three independent non-executive directors, ensuring a diverse governance structure[87]. - The company continues to adopt a code of conduct for securities transactions by directors, maintaining strict adherence to the standards set forth in GEM Listing Rules[86]. Future Outlook and Challenges - The management anticipates that 2021 and 2022 will be challenging years due to global economic impacts from trade disputes and the COVID-19 pandemic[47]. - The group will regularly review and adjust its business strategies to adopt a prudent and balanced risk management approach in response to the unpredictable economic situation[43]. - The board will explore strategic alliances to accelerate business development and improve financial conditions for shareholder value creation[47]. Asset and Financial Position - As of December 31, 2021, the group's net asset value was approximately HKD 141,992,000, an increase from HKD 61,979,000 as of March 31, 2021[48]. - Cash and bank balances as of December 31, 2021, were approximately HKD 90,418,000, a decrease of about 15% from the balance as of March 31, 2021[48]. - The group has no assets pledged under finance leases as of December 31, 2021[49]. - The group has not established any foreign exchange hedging arrangements and will monitor foreign currency exchange rate changes closely[50]. Legal and Regulatory Matters - The original claim against the group has been withdrawn, with the Guangdong High People's Court approving the withdrawal on November 11, 2021[57]. - The company has not disclosed any significant contracts involving directors or senior management with substantial interests as of the end of the reporting period[71]. - The company has no arrangements that would result in directors or their associates obtaining rights to shares or bonds of other corporations[69]. - No new stock options were granted under the 2006 stock option plan after its expiration on December 4, 2016[67].