ROMA 羅 馬 集 團 有 限 公 司 於開曼群島註冊成立的有限公司 股份代號: 8072 年報 2021/2022 *僅供識別 0 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市之公司帶有較高投資風險。有 意投資之人士應瞭解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受較大之市場波動風險，同 時無法保證在GEM買賣之證券會有高流通量之市場。 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報告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不就因本報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關羅馬集團有限公司（「本公司」）之資料， 本公司各董事（「董事」）願就本報告共同及個別地承擔全部責任，並在作出一切合理查詢後確認，就彼等所深知及確信， 本報告所載資料在各重大方面均屬準確及完整，並無誤導或欺 ...

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市 之公司可能帶有較高投資風險。有意投資之人士應瞭解投資於該等公司之潛在風險，並應 經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關羅馬集 團有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告共同及個別地承擔全 部責任，並在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大 方面均屬準確及完整，並無誤導或欺詐成分，亦無遺漏任何其他事項，足以令致本報告所 載任何陳述或本報告產生誤導。 1 二零二一年／二零二二年第三季度業績報告 財務摘要 截至二零二一 ...

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市 之公司可能帶有較高投資風險。有意投資之人士應瞭解投資於該等公司之潛在風險，並應 經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關羅馬集 團有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告共同及個別地承擔全 部責任，並在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大 方面均屬準確及完整，並無誤導或欺詐成分，亦無遺漏任何其他事項，足以令致本報告所 載任何陳述或本報告產生誤導。 1 二零二一年／二零二二年中期報告 截至二零二一年九月三十日止六個 ...

Financial Performance - Revenue for the three months ended June 30, 2021, was approximately HKD 19.2 million, a decrease of about 19.4% compared to HKD 23.8 million for the same period in 2020[3] - The company recorded a loss of approximately HKD 1.0 million for the three months ended June 30, 2021, compared to a profit of approximately HKD 8.7 million for the same period in 2020[3] - Basic and diluted loss per share attributable to owners of the company was HKD 0.16 for the three months ended June 30, 2021, compared to earnings of HKD 5.16 for the same period in 2020[4] - The company’s total comprehensive loss for the period was HKD 1.0 million, compared to a total comprehensive income of HKD 8.7 million for the same period in 2020[4] - The group reported a loss attributable to owners of the company of approximately HKD 1.0 million, compared to a profit of HKD 8.7 million in the previous period, mainly due to a decrease in revenue from assessment and consulting services and financing services[47] Revenue Breakdown - Revenue from assessment and consultancy services was HKD 13,790,000, down from HKD 15,830,000 in the previous year, representing a decline of about 13%[19] - Financing services contributed about 23.2% of total revenue, with interest income dropping from HKD 7.8 million to HKD 4.5 million, a decrease of approximately 43.0% due to a smaller loan portfolio[38] - The group generated approximately 72.0% of total revenue from assessment and consulting services, with service fee income decreasing from HKD 15.8 million to HKD 13.8 million, a decline of 12.9% due to a reduction in project numbers[38] - The securities brokerage, placement, and underwriting segment, which started operations recently, accounted for about 4.8% of total revenue, with income increasing significantly from HKD 0.1 million to HKD 0.9 million[40] Expenses - Employee benefit expenses increased to HKD 11.4 million for the three months ended June 30, 2021, compared to HKD 10.3 million for the same period in 2020[4] - Other expenses rose significantly to HKD 7.7 million for the three months ended June 30, 2021, compared to HKD 3.7 million for the same period in 2020[4] - Employee benefits expenses, including director remuneration, increased to HKD 11,357,000 from HKD 10,274,000, reflecting a rise of about 10.6%[23] - Other expenses rose by about 106.3%, mainly due to increased professional fees and the absence of prior period recoveries of impairment losses on receivables[46] Equity and Financial Position - The company’s total equity as of June 30, 2021, was approximately HKD 399.5 million, compared to HKD 381.9 million as of June 30, 2020[5] - The company’s financial costs decreased slightly to HKD 0.483 million for the three months ended June 30, 2021, from HKD 0.497 million for the same period in 2020[4] - The company’s other income remained relatively stable at HKD 0.614 million for the three months ended June 30, 2021, compared to HKD 0.622 million for the same period in 2020[4] Dividends - No dividends were declared for the reporting period[3] - The company did not declare any dividends for the period, consistent with the previous year[32] Future Outlook and Strategy - The company aims to become the leading provider of valuation and consulting services in Hong Kong, focusing on expanding its consulting service offerings to adapt to changing environments and maintain growth[59] - The company anticipates that the "Belt and Road" initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area will create new opportunities for Hong Kong as an international financial hub[59] - The group aims to provide comprehensive and high-quality services to maintain growth despite the revenue decline[36] - The company believes that valuation and consulting services will continue to be its main source of revenue in the coming years, with financing services expected to become more solid and comprehensive[59] Shareholding and Governance - As of June 30, 2021, Aperto Investments Limited holds 210,000,000 shares, representing 29.91% of the total issued shares, with Mr. Lu as the beneficial owner[63] - Mr. Yu holds 17,540,000 shares, representing 2.50% of the total issued shares, through a controlled corporation[62] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[67] - The board believes that having the same individual serve as both chairman and CEO provides strong leadership and enhances efficiency in business decision-making[70] - There were no significant transactions or contracts involving directors or related entities that could pose a conflict of interest during the reporting period[72] Audit and Compliance - The Audit Committee was established on September 26, 2011, in compliance with GEM listing rules and corporate governance codes[75] - The Audit Committee's main roles include reviewing the financial system, accounting policies, financial status, and performance of the group[75] - The Audit Committee consists of three independent non-executive directors, with no prior or current independent auditors among its members[75]

Financial Performance - The company recorded total revenue of HKD 94.1 million for the year ended March 31, 2021, representing a growth of approximately 23.6% compared to the previous year[33]. - Revenue from assessment and consulting services increased by approximately 60.2% to HKD 71.6 million, driven by significant sales growth in environmental, social, and governance (ESG) reporting services[35]. - Financing services contributed approximately 22.5% to total revenue, with interest income from these services decreasing by about 20.2% to HKD 21.2 million due to a decline in loan interest rates[35]. - The company reported a loss attributable to owners of approximately HKD 54.1 million, a reduction of about HKD 104.3 million compared to the previous year's loss[42]. - Other income and losses increased by approximately 49.2%, primarily due to subsidies received from the Hong Kong government related to the employment support scheme[37]. Business Strategy and Growth - The group plans to continue expanding its service offerings through acquisitions of two entities focused on consulting and advisory services, aiming to capture more market opportunities[24]. - The group anticipates that ESG reporting and valuation services will remain key revenue sources, supporting sustainable growth despite ongoing challenges from the COVID-19 pandemic[26]. - The development of the "Belt and Road" initiative and the Greater Bay Area is expected to create new opportunities for financing services and securities brokerage in the foreseeable future[26]. - The group aims to become the leading assessment and consulting service provider in Hong Kong, focusing on expanding its consulting services to adapt to changing environments and maintain growth[70]. - The group will continue to explore various acquisition opportunities and business collaborations to strengthen its market position in the assessment and consulting industry in Hong Kong[70]. Corporate Governance - The board expresses confidence in maintaining the group's leading position in the valuation industry in Hong Kong, supported by a professional team with extensive experience[24]. - The board is responsible for reviewing corporate governance policies and ensuring compliance with legal and regulatory requirements[89]. - The company has implemented a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially[96]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's audited consolidated results for the fiscal year ending March 31, 2021[96]. - The company has complied with all applicable corporate governance codes as per GEM Listing Rules during the reporting period[142]. Shareholder Information - The board decided not to recommend any final dividend for the year ended March 31, 2021[68]. - The company reported no final dividend for the year ended March 31, 2021, consistent with the previous year[141]. - The company's available distributable reserves as of March 31, 2021, were approximately HKD 210.5 million, which includes share premium and retained earnings[158]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting within two months of submission[126]. - The company has adopted a dividend policy since January 1, 2019, aiming to provide sustainable returns to shareholders while retaining sufficient reserves for future development[122]. Risk Management and Internal Controls - The internal audit department was established to assess and enhance the internal control and risk management systems of the group as of March 31, 2021[97]. - The audit committee conducted an annual review of the effectiveness of the internal control and risk management system, deemed effective and sufficient[115]. - The board emphasizes the importance of a robust internal control system to mitigate major risks and ensure operational efficiency[114]. - The internal audit department assists the audit committee in reviewing the effectiveness of the first and second lines of defense in risk management[114]. - The Audit Committee believes that the internal control and risk management systems are effective and sufficient as of March 31, 2021[97]. Employee and Management Information - Employee benefit expenses slightly decreased by about 2.0%, reflecting the company's commitment to retaining high-caliber professionals through competitive compensation[38]. - The total employee benefit expenses were approximately HKD 42.8 million for the year ended March 31, 2021, compared to HKD 43.6 million for the previous year[59]. - The company maintained at least three independent non-executive directors throughout the fiscal year, complying with GEM listing rules[85]. - The executive directors' remuneration for the fiscal year ending March 31, 2021, included one director earning between HKD 1,000,001 and HKD 2,000,000, and one director earning between HKD 2,000,001 and HKD 3,000,000[110]. - The company has established a remuneration committee to review compensation policies based on performance and market practices[169]. Market Position and Recognition - The group achieved significant growth during the fiscal year ending March 31, 2021, primarily due to the strong performance of its environmental, social, and governance (ESG) reporting services, winning multiple awards including the ESG Best Performance Award and the Best ESG Report Award[24]. - The group has received recognition for its expertise in ESG reporting, evidenced by multiple awards, indicating strong market validation of its services[24]. - The company aims to become a comprehensive securities firm in Hong Kong, providing various brokerage and related financing services to enhance sustainable growth and shareholder returns[25]. - The group believes that assessment and consulting services will remain a major source of revenue in the coming years, with financing services becoming more solid and comprehensive[70]. - The group anticipates that the "Belt and Road" initiative and the Greater Bay Area policies will create new opportunities for Hong Kong as an international financial hub[70].

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市 之公司可能帶有較高投資風險。有意投資之人士應瞭解投資於該等公司之潛在風險，並應 經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關羅馬集 團有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告共同及個別地承擔全 部責任，並在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大 方面均屬準確及完整，並無誤導或欺詐成分，亦無遺漏任何其他事項，足以令致本報告所 載任何陳述或本報告產生誤導。 1 財務摘要 截至二零二零年十二月三十一日止九個月： 2 — 收入 ...

香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之特色 GEM之 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 之 市 場，此 等 公 司 相 比 起 其 他 在 聯 交所上市之公司可能帶有較高投資風險。有意投資之人士應瞭解投資於該等公 司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣 之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通 量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告乃遵照聯交所GEM證 券 上 市 規 則（「GEM上 市 規 則」）而 刊 載，旨 在 提 供 有 關 羅 馬 集 團 有 限 公 司（「本 公 司」）之 資 料。本 公 司 各 董 事（「董 事」）願 就 本 報 告 共 同 及個別地承擔全部責任，並在作出一切合理查詢後確認，就彼等所深知及確信， 本 報 告 所 載 資 料 在 各 重 ...

Financial Performance - Revenue for the three months ended June 30, 2020, was approximately HKD 23.8 million, an increase of about 35.3% compared to HKD 17.6 million for the same period in 2019[4] - Profit for the three months ended June 30, 2020, was approximately HKD 8.7 million, compared to a loss of approximately HKD 3.7 million for the same period in 2019[4] - Basic and diluted earnings per share for the period were HKD 0.0647, compared to a loss of HKD 0.0312 per share in the same period last year[4] - Total comprehensive income for the period was HKD 8.7 million, compared to a total comprehensive loss of HKD 3.7 million for the same period in 2019[7] - The company reported a profit attributable to owners of approximately HKD 8.7 million for the period, compared to a loss of HKD 3.7 million for the same period in 2019, marking a turnaround primarily due to increased revenue and a one-time non-cash expense in the prior period[45] Revenue Breakdown - Revenue from assessment and consulting services was HKD 15,830,000, up 37.5% from HKD 11,524,000 in the previous year[20] - Interest income from financing services increased to HKD 7,811,000, compared to HKD 6,044,000, reflecting a growth of 29.3%[20] - The company's revenue for the three months ended June 30, 2020, increased by approximately 35.3% compared to the same period in 2019, primarily due to increased service fee income from valuation and advisory services and interest income from financing services[35] - Revenue from valuation and advisory services rose by approximately 37.4% to about HKD 15.8 million, driven by an increase in the number of valuation and ESG report service projects[37] - Interest income from financing services increased by approximately 29.2% to HKD 7.8 million, attributed to an expanded loan portfolio during the period[37] Expenses - Employee benefit expenses decreased to HKD 10.3 million from HKD 13.7 million year-on-year[5] - Depreciation and amortization expenses decreased to HKD 1.1 million from HKD 2.3 million year-on-year[5] - Financial costs decreased to HKD 0.5 million from HKD 0.7 million year-on-year[5] - The pre-tax profit for the three months ended June 30, 2020, was significantly impacted by various expenses, including a loss allowance of HKD 2,440,000 for receivables[24] - Other income decreased by approximately 73.4% compared to the same period in 2019, mainly due to reduced bank interest income and a one-time marketing service income recorded in the previous year[38] - Employee benefit expenses decreased by approximately 25.1% compared to the same period in 2019, primarily due to the absence of share-based payment expenses in the current period[39] - Depreciation and amortization expenses significantly decreased by approximately 54.4% compared to the same period in 2019, due to the prior full impairment of intangible assets[40] Corporate Governance - The company has adhered to all provisions of the corporate governance code, with the exception of the separation of roles between the chairman and the CEO[66] - The board of directors has adopted a code of conduct for securities trading, which complies with GEM listing rules[63] - The audit committee consists of three members, all of whom are independent non-executive directors[73] - The company has implemented a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially[73] - The company emphasizes maintaining high standards of corporate governance to protect shareholder interests[64] Shareholder Information - The company did not declare any dividends for the period[4] - The company did not repurchase any shares listed on GEM during the reporting period[62] - As of June 30, 2020, the company’s director held 15,000,000 shares, representing 9.26% of the total issued shares[56] - As of June 30, 2020, Aperto Investments Limited holds 39,476,000 shares, representing 24.36% of the total issued shares[59] - Fast and Fabulous holds 15,000,000 shares, accounting for 9.26% of the total issued shares[59] Strategic Initiatives - The company is actively exploring various merger and acquisition opportunities to enhance its market position in the Hong Kong valuation and advisory industry[33] - The company aims to become a leading provider of valuation and advisory services in Hong Kong and is actively exploring acquisition opportunities and business collaborations[53] - The company plans to enhance its core competencies while advancing new business segments in securities brokerage, placement, and investment advisory services[54] - The company has issued discretionary bonuses to certain employees and directors to retain high-caliber personnel, emphasizing the importance of its professional team as a valuable asset[34] Financial Activities - The company raised approximately HKD 258.0 million through a rights issue in November 2017, with HKD 135.0 million allocated for multiple loans, HKD 27.0 million for potential business investments, and HKD 33.0 million for general working capital[48] - As of the report date, HKD 195.0 million of the rights issue proceeds have been utilized, leaving HKD 63.0 million expected to be used by March 31, 2022[49] - The company raised approximately HKD 5.5 million through a placement of 27,000,000 shares in May 2020, which has been fully utilized for general working capital[51] Impact of COVID-19 - The COVID-19 pandemic has caused significant disruptions to economic and social activities, leading to a highly uncertain outlook for the company[54] - The company is committed to maintaining a safe working environment for employees and implementing measures to mitigate the impact of COVID-19 on its operations[54]

Financial Performance - The group recorded a revenue increase of approximately HKD 26.6 million, up by about HKD 3.8 million or 16.7% compared to the previous year, attributed to the expansion of its loan portfolio [28]. - The group achieved a total revenue of approximately HKD 58.7 million from valuation and advisory services, a decrease of about 5.7% compared to the previous fiscal year [34]. - Revenue from financing services increased by approximately 16.7%, reaching about HKD 26.6 million, driven by an expanded loan portfolio [39]. - Overall revenue for the fiscal year increased by approximately 8.6% compared to the previous year, primarily due to growth in financing services and the new business segment [39]. - Other income and losses increased by approximately 27.7%, mainly due to higher marketing service income and bank interest income [40]. - The loss attributable to owners of the company was approximately HKD 158.4 million for the year ended March 31, 2020, an increase of approximately HKD 87.0 million compared to the previous year's loss of HKD 71.4 million [46]. Business Expansion and Services - The group has broadened its service scope to include Environmental, Social, and Governance (ESG) reporting services, which has become a new major growth driver [27]. - The newly established business segment for securities brokerage, placement, underwriting, and investment advisory services contributed approximately HKD 4.9 million to total revenue [39]. - The group aims to maintain its core competitiveness while expanding its new business segment in securities brokerage and asset management [31]. - The group has commenced operations under a license for regulated activities, positively impacting its performance for the year ended March 31, 2020 [72]. - The company expanded its main business to include securities brokerage, placement, underwriting, investment advisory, and asset management services as of March 31, 2020 [137]. Awards and Recognition - The group received multiple awards for its ESG performance, including the Best ESG Report Award and the ESG Annual Award in Hong Kong and Singapore [27]. Corporate Governance - The company is committed to maintaining the highest standards of corporate governance and has complied with all provisions of the GEM Listing Rules Appendix 15, except for deviation from Code Provision A.2.1 [84]. - The independent non-executive directors have confirmed their independence to the company, ensuring compliance with GEM Listing Rule 5.09 [86]. - The company has adopted a code of conduct regarding securities transactions by directors, which is not less stringent than the standards set out in GEM Listing Rules 5.48 to 5.67 [85]. - The company has established procedures for handling and disclosing inside information in accordance with the Securities and Futures Ordinance and GEM Listing Rules [126]. - The company has adhered to all applicable code provisions of the GEM Listing Rules Appendix 15 regarding corporate governance during the year ending March 31, 2020 [141]. Risk Management - The company emphasizes the importance of internal controls to mitigate major risks and has established a system to provide reasonable assurance against significant misstatements [122]. - The board has implemented a three-tier risk management approach to identify, assess, and manage various types of risks, ensuring effective internal controls [122]. - The audit committee reviewed the effectiveness of the internal control and risk management systems for the year ended March 31, 2020, and found them to be effective and adequate [123]. Employee and Compensation - Employee benefits expenses increased by approximately 10.0% for the year ended March 31, 2020, compared to the previous year, primarily due to an increase in headcount [41]. - The total employee benefit expenses for the year ended March 31, 2020, were approximately HKD 43.6 million, an increase from HKD 39.6 million in the previous year [63]. - The Compensation Committee conducted four meetings in the fiscal year ending March 31, 2020, to determine compensation policies for board members and senior management [108]. Financial Position - As of March 31, 2020, the group's current assets were approximately HKD 228.7 million, down from HKD 306.3 million as of March 31, 2019 [52]. - The total bank borrowings amounted to approximately HKD 43.3 million as of March 31, 2020, compared to HKD 100.0 million as of March 31, 2019 [53]. - The capital debt ratio decreased from approximately 0.19 as of March 31, 2019, to approximately 0.15 as of March 31, 2020 [53]. - The group maintained a current ratio of approximately 3.2 as of March 31, 2020, consistent with the previous year [52]. COVID-19 Impact - The group has implemented measures to mitigate the potential adverse effects of COVID-19 on its business operations [31]. - The COVID-19 pandemic has disrupted economic and social activities, prompting the group to implement measures to minimize its adverse impact on operations [73]. - The outbreak of COVID-19 has disrupted economic and social activities in the markets where the company operates, leading to a highly uncertain outlook [146]. Share Options and Incentives - The company adopted a share option scheme in September 2011 and a share award scheme in June 2018 to incentivize directors and eligible participants [166]. - The share options plan aims to attract and retain qualified talent, providing additional incentives to drive business performance [175]. - The total number of shares issued due to any participant exercising share options cannot exceed 1% of the issued shares within any 12-month period [178]. Board Composition and Meetings - The board of directors includes executive directors Mr. Li Shangqian and Mr. Yu Jihua (Chairman and CEO), as well as independent non-executive directors Mr. Zhong Wenli, Mr. Gao Weilen, and Ms. Li Dexion [86]. - The board held 12 meetings and one annual general meeting during the fiscal year ending March 31, 2020 [89]. - The company maintained at least three independent non-executive directors, complying with GEM listing rules [90].

Financial Performance - Revenue for the nine months ended December 31, 2019, was approximately HKD 54.9 million, an increase of about 27.6% compared to HKD 42.993 million for the same period in 2018[4] - Loss for the nine months ended December 31, 2019, was approximately HKD 4.1 million, a significant improvement from a loss of HKD 11.3 million for the same period in 2018[4] - Basic and diluted loss per share attributable to owners of the company was HKD 3.41 for the nine months ended December 31, 2019, compared to HKD 8.45 for the same period in 2018[4] - Total comprehensive loss attributable to owners of the company for the nine months ended December 31, 2019, was HKD 10.268 million, compared to HKD 11.188 million for the same period in 2018[5] - The group reported a loss attributable to owners of the company decreased by approximately 63.7% for the nine months ended December 31, 2019, due to increased total revenue from valuation and advisory services and securities brokerage services[53] Revenue Breakdown - The group's revenue for the nine months ended December 31, 2019, increased by approximately 27.6% compared to the same period in 2018, primarily due to increased service fee income from valuation and advisory services, as well as interest income from financing services[44] - Service fee income from valuation and advisory services rose by about 16.2% to approximately HKD 30.4 million for the nine months ended December 31, 2019, driven by increased sales from environmental, social, and governance reporting services[46] - Interest income from financing services increased by approximately 16.9% to about HKD 19.7 million for the same period, attributed to an expanded loan portfolio[46] - Financing services accounted for about 35.8% of total revenue for the nine months ended December 31, 2019, with interest income from these services increasing by approximately 16.9% compared to the same period in 2018[38] - The new business segment providing securities brokerage services contributed approximately 8.7% to total revenue for the nine months ended December 31, 2019[39] Expenses - Employee benefit expenses for the nine months ended December 31, 2019, were HKD 33.497 million, an increase from HKD 31.029 million for the same period in 2018[5] - Depreciation and amortization expenses for the nine months ended December 31, 2019, were HKD 6.864 million, compared to HKD 3.766 million for the same period in 2018[5] - Employee benefits expenses, including director remuneration, rose to HKD 9,668,000 for the three months ended December 31, 2019, compared to HKD 8,592,000 in the same period of 2018, marking a 12.6% increase[29] - Depreciation and amortization expenses surged by approximately 82.3% for the nine months ended December 31, 2019, primarily due to the adoption of the new Hong Kong Financial Reporting Standard No. 16[50] - The group incurred a total of HKD 3,938,000 in consultancy fees for the three months ended December 31, 2019, significantly higher than HKD 1,297,000 in the same period of 2018, reflecting a 203.4% increase[30] Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[70] - The board of directors and management are committed to maintaining high standards of corporate governance[71] - The company has complied with all corporate governance rules except for the separation of roles between the Chairman and CEO[71] - The audit committee was established on September 26, 2011, and is responsible for reviewing the group's financial systems and accounting policies[78] - The audit committee currently consists of three members, including independent non-executive directors, with no prior or current auditors from the company[79] Shareholder Information - The company did not declare any dividends for the reporting period[4] - No dividends were declared for the nine months ended December 31, 2019, consistent with the previous year[35] - As of December 31, 2019, the company had a total of 135,020,415 issued shares[65] - Mr. Yu holds 15,000,000 shares through Fast and Fabulous, representing 11.11% of the company's total shares[66] - Aperto Investments Limited, beneficially owned by Mr. Lu, holds 13,212,500 shares, accounting for 9.79% of the total shares[66] Lease and Financial Reporting Standards - The group adopted the Hong Kong Financial Reporting Standard No. 16 (HKFRS 16) for leases, effective from April 1, 2019, replacing HKAS 17[12] - As of April 1, 2019, the group recognized lease liabilities amounting to HKD 6,042,000, which includes a financing lease liability of HKD 1,584,000[19][18] - The weighted average incremental borrowing rate applied to lease liabilities as of April 1, 2019, was 2.51%[17] - The group reported a right-of-use asset valued at HKD 4,458,000, equal to the lease liabilities recognized[17] - The group's total liabilities increased due to the recognition of lease liabilities, reflecting the impact of the adoption of HKFRS 16[24] Strategic Initiatives - The group has been actively exploring various merger and acquisition opportunities to enhance its market position in the Hong Kong assessment and advisory industry[38] - The group aims to become a leading provider of valuation and advisory services in Hong Kong and is actively exploring acquisition opportunities and business collaborations[59] - The group has commenced operations in the securities trading sector, positively impacting its performance, and has completed the acquisition of a licensed corporation for securities and asset management activities[60]