Financial Performance - The group's revenue for the nine months ended December 31, 2022, was approximately HKD 56,000,000, a decrease of 29.3% compared to HKD 79,300,000 for the same period in 2021[5] - The loss attributable to the owners of the company for the nine months ended December 31, 2022, was approximately HKD 34,400,000, compared to a loss of HKD 29,700,000 for the same period in 2021, representing a 15.4% increase in losses[5] - For the three months ended December 31, 2022, the group's revenue was HKD 14,017,000, down 47.1% from HKD 26,414,000 in the same quarter of 2021[6] - The gross profit for the nine months ended December 31, 2022, was HKD 29,590,000, a decrease of 27.3% from HKD 40,704,000 for the same period in 2021[6] - Operating loss for the nine months ended December 31, 2022, was HKD 32,367,000, compared to HKD 29,783,000 for the same period in 2021, indicating a 8.7% increase in operating losses[6] - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 0.1089, slightly higher than HKD 0.1087 for the same period in 2021[6] - The total equity attributable to the owners of the company as of December 31, 2022, was HKD 191,371,000, down from HKD 237,946,000 as of December 31, 2021[7] Dividend Policy - The board of directors does not recommend the payment of dividends for the nine months ended December 31, 2022, consistent with the previous year[5] - The group did not recommend the payment of dividends for the nine months ended December 31, 2022, consistent with the previous year[18] Revenue Breakdown - Revenue from lending for the three months ended December 31, 2022, was HKD 3,398,000, down from HKD 8,793,000 in the same period of 2021, a decrease of 61.3%[13] - Revenue from retail and wholesale sales of grocery products, cash vouchers, and frozen foods for the three months ended December 31, 2022, was HKD 10,619,000, down from HKD 17,621,000 in the same period of 2021, a decrease of 39.4%[13] - The lending division generated approximately HKD 19,700,000 in revenue over the nine-month period, with expectations for continued stable income in the future[28] - Retail and wholesale business revenue decreased by about 32% compared to the same period in 2021, totaling approximately HKD 36,400,000, down from HKD 53,400,000[29] Product Development - The group launched a new product line for pet products, including supplements and pet food, during the nine months ended December 31, 2022[25] - The group continues to develop its own brand products to meet changing customer demands, including a new line of human health supplements named "Cordyceps 19" due to the COVID-19 pandemic[26] - The company launched new product lines in pet products and human supplements, leading to a significant increase in inventory and deposits as of December 31, 2022[30] Corporate Actions - The company completed a placement of 72,105,000 shares at a price of HKD 0.149 per share, raising approximately HKD 10,744,000, with a net amount of about HKD 9,819,000 after expenses[32] - Following the placement, the total number of shares increased from 360,539,031 to 432,644,031[33] - The company agreed to purchase 901 shares representing approximately 90.1% of a subsidiary for HKD 1,000,000, along with a subscription for 43,000,000 new shares at HKD 0.20 each, totaling HKD 8,600,000[34] - A similar agreement was made to acquire 901 shares of another subsidiary for HKD 1,000,000, with the same subscription terms for new shares[35] Shareholder Information - As of December 31, 2022, the major shareholder, Baofeng Management Limited, held approximately 41.88% of the issued share capital[37] - The chairman and executive director, Mr. Chen Ende, is the sole beneficial owner of Baofeng Management Limited[38] Compliance and Governance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[10] - The group has adopted revised Hong Kong Financial Reporting Standards effective from April 1, 2022, with no significant impact on the financial position or performance during the reporting period[11] - The group has not provided any corporate guarantees to third parties as of December 31, 2022[22] - The company has not purchased, sold, or redeemed any of its listed securities during the nine-month period[39] - The board of directors has confirmed compliance with the trading standards throughout the nine-month period[41] - The audit committee has reviewed the unaudited consolidated performance for the nine-month period, ensuring compliance with applicable accounting standards[45] - The company has established a remuneration committee consisting of four independent non-executive directors and three executive directors to review and set remuneration policies[46] - The company has formed a nomination committee to provide recommendations on any proposed changes and the election of directors[47]

Financial Performance - The company's revenue for the six months ended September 30, 2022, was approximately HKD 42,013,000, a decrease of 20.5% compared to HKD 52,842,000 for the same period in 2021[5] - The loss attributable to owners of the company for the six months ended September 30, 2022, was HKD 8,368,000, compared to a loss of HKD 9,692,000 for the same period in 2021, representing a 13.6% improvement[7] - The gross profit for the six months ended September 30, 2022, was HKD 23,231,000, down 16.2% from HKD 27,683,000 in the previous year[5] - The operating loss for the six months ended September 30, 2022, was HKD 7,989,000, a decrease from HKD 9,765,000 in the same period of 2021, indicating a 18.2% reduction in losses[5] - The company reported a net loss of HKD 4,392,000 for the three months ended September 30, 2022, compared to a net loss of HKD 8,426,000 for the same period in 2021, showing a 47.9% improvement[5] - The company reported a total comprehensive loss of HKD 9,692,000 for the six months ended September 30, 2022, compared to a loss of HKD 8,368,000 for the same period in 2021[14] - The company reported a consolidated loss of HKD 9,692,000 for the six months ended September 30, 2022, compared to a loss of HKD 4,263,000 in the same period last year[36] Assets and Liabilities - The total assets as of September 30, 2022, were HKD 145,801,000, an increase from HKD 137,306,000 as of March 31, 2022[9] - The company's non-current assets as of September 30, 2022, totaled HKD 76,931,000, a decrease from HKD 87,827,000 as of March 31, 2022[9] - Total equity attributable to owners of the company decreased to HKD 258,002,000 as of September 30, 2022, from HKD 267,694,000 as of March 31, 2022[14] - The company's total liabilities increased, contributing to the overall financial challenges faced during the reporting period[14] Cash Flow and Liquidity - The company's cash and cash equivalents as of September 30, 2022, were HKD 17,156,000, down from HKD 21,684,000 as of March 31, 2022, reflecting a decrease of 20.9%[9] - The net cash used in operating activities for the six months ended September 30, 2022, was HKD 6,512,000, compared to HKD 7,424,000 for the same period in 2021, indicating a slight improvement[18] - The company had cash and cash equivalents of HKD 17,156,000 at the end of the reporting period, down from HKD 24,309,000 at the end of the previous year[18] - As of September 30, 2022, the company's short-term bank deposits and cash amounted to HKD 17,156 million, down from HKD 21,684 million as of March 31, 2022, indicating a decrease of approximately 20.9%[55] Shareholder and Capital Structure - The company completed a rights issue on September 21, 2022, issuing 120,179,677 shares at a subscription price of HKD 0.12 per share, raising approximately HKD 14,420,000 before expenses[81] - The company's capital structure changed with the rights issue, increasing the number of issued shares from 240,359,354 to 360,539,031[84] - Approximately HKD 6,000,000 from the rights issue has been allocated to expand the lending business, while HKD 5,200,000 is earmarked for retail business expansion[83] - The company reported no borrowings as of September 30, 2022, maintaining a debt-to-equity ratio of zero[86] - As of September 30, 2022, the major shareholder, Bofeng Management Limited, holds 181,196,866 shares, representing approximately 50.26% of the company's issued share capital[94] Dividend Policy - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2022, consistent with the previous year[3] - The board of directors did not recommend an interim dividend for the six months ending September 30, 2022[91] Operational Developments - The company launched a new product line in the pet products sector, including supplements and food, with brands such as "Chicken Essence King" and "Petural" introduced during the period[73] - The company has continued to develop its own brand products to meet changing customer demands, including a range of products from local and overseas suppliers[73] - The company has also introduced a new line of human health supplements named "Cordyceps 19" in response to the COVID-19 pandemic[73] - The lending business generated approximately HKD 16,300,000 in revenue during the six-month period, with expectations for sustainable income in the future[75] - The retail and wholesale segment's revenue was about HKD 25,800,000 for the six months ending September 30, 2022, a decrease of approximately 28% compared to HKD 35,800,000 in the same period of 2021[78] Governance and Compliance - The audit committee has reviewed the unaudited consolidated performance for the six-month period and confirmed compliance with applicable accounting standards and regulations[100] - The company has established a remuneration committee consisting of three independent non-executive directors and three executive directors to review and formulate remuneration policies[101] - The company has adhered to the corporate governance code as per GEM listing rules during the six-month period[98] - The company has established a nomination committee to review any proposed changes and recommend candidates to the board[102] - The audit committee is responsible for reviewing the company's annual reports, financial statements, and interim reports, providing recommendations to the board[99] - The company has adopted trading standards as per GEM listing rules and confirmed compliance by all directors during the six-month period[104] - There are no interests held by directors or management shareholders in any competing businesses[96]

Financial Performance - Total revenue for the fiscal year ended March 31, 2022, was HKD 98,271,000, a decrease from HKD 115,368,000 in the previous year, representing a decline of approximately 14.5%[11] - The company reported a loss of HKD 64,324,000 for the fiscal year, compared to a loss of HKD 94,698,000 in the prior year, indicating an improvement of about 32%[11] - Total assets decreased to HKD 225,133,000 from HKD 278,695,000, reflecting a reduction of approximately 19.2%[11] - The total liabilities increased to HKD 21,763,000 from HKD 11,001,000, marking an increase of approximately 97.5%[11] - For the fiscal year ending March 31, 2022, the company's revenue was approximately HKD 98.3 million, a decrease from HKD 115.4 million in 2021[21] - The lending segment generated revenue of about HKD 27.5 million for the fiscal year, down from HKD 31.2 million in 2021[22] - The retail and wholesale segment reported revenue of approximately HKD 70.7 million, compared to HKD 84.2 million in 2021[24] Business Strategy and Expansion - The lending business generated revenue of approximately HKD 27,500,000, continuing to be a core business for the company[14] - The company plans to expand its lending and retail businesses by hiring more sales and delivery personnel and upgrading its online platform[15] - The company aims to diversify its business by exploring investment opportunities in different industry sectors[15] - The company has been actively seeking suitable investment opportunities to achieve business diversification[15] - The company has been adapting its strategies in response to the changing market conditions due to the COVID-19 pandemic[15] Corporate Governance - The company has been adhering to the GEM Listing Rules Appendix 15 corporate governance code throughout the fiscal year ending March 31, 2022, with one exception regarding the separation of roles between the Chairman and CEO[56] - The board believes that having the same individual serve as both Chairman and CEO strengthens leadership and enhances strategic planning efficiency[57] - The board is responsible for establishing corporate governance policies and monitoring compliance with all applicable laws and regulations[58] - All directors confirmed compliance with the trading standards as per GEM Listing Rules during the fiscal year ending March 31, 2022[59] - The board of directors held 5 meetings during the fiscal year ending March 31, 2022, with all members attending all meetings[60] Employee Compensation and Training - The total employee compensation for the year ended March 31, 2022, was approximately HKD 34,300,000, up from HKD 32,800,000 in 2021[39] - Total number of employees trained as of March 31, 2022, was 90, a decrease of 9.09% from 99 in the previous year[185] - 100% of employees participated in training, maintaining the same percentage as the previous year[185] - Average training hours per employee increased by 6.70% to 2.23 hours in FY2022 compared to 2.09 hours in FY2021[187] Environmental, Social, and Governance (ESG) Initiatives - The company has established a comprehensive Environmental, Social, and Governance (ESG) report to provide stakeholders with an overview of its performance and initiatives in these areas[131] - The group has integrated sustainability into its business operations as a key part of its corporate strategy[135] - The board emphasizes the importance of sustainability for future development and conducts annual corporate risk assessments to identify potential risks[136] - The group aims to create long-term value for shareholders by addressing environmental, social, and governance (ESG) issues[138] Emissions and Environmental Impact - Total greenhouse gas emissions amounted to 530.23 tons of CO2 equivalent, a decrease of 6.46% compared to the previous year[148] - The company aims to consider using more environmentally friendly fuel types in the next reporting period to reduce its carbon footprint[146] - The company is committed to complying with all relevant laws and regulations regarding emissions and environmental management[145] - The total amount of non-hazardous waste generated was 5.37 tons, a decrease of 2.36% from 5.50 tons in the previous year[149] Shareholder Engagement and Capital Structure - The company reported a total distributable reserve of HKD 200,966,000 as of March 31, 2022[105] - No dividends were recommended for the year ended March 31, 2022, consistent with the previous year[43] - A conditional cash offer was made on April 29, 2022, for the purchase of 82,288,613 shares, representing approximately 34.24% of the company's issued share capital[44] Compliance and Risk Management - The board is responsible for the internal control system and has established a risk management system to protect shareholder interests[81] - The company has implemented monitoring procedures to prevent unauthorized access to insider information[86] - The risk management and internal control systems have been deemed effective and sufficient by the board and audit committee[84] Supplier and Customer Relations - The company emphasizes the importance of supplier environmental and social performance in its supply chain management[192] - The company has implemented multiple communication channels for customer feedback, ensuring timely responses[198] - Customer safety remains the top priority, and the company will investigate any identified safety hazards or quality issues with materials and products[200]

Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 79,300,000, a decrease of about 16.08% compared to HKD 94,500,000 for the same period in 2020[5] - The loss attributable to the owners of the company for the nine months ended December 31, 2021, was approximately HKD 29,700,000, compared to HKD 26,500,000 for the same period in 2020[5] - The total comprehensive loss for the period was HKD 29,748,000, compared to HKD 27,189,000 for the same period in 2020[8] - Basic and diluted loss per share for the nine months ended December 31, 2021, was HKD 0.1237, compared to HKD 0.1102 for the same period in 2020[8] - The company's revenue for the nine months ended December 31, 2021, was HKD 79,256,000, a decrease from HKD 94,505,000 for the same period in 2020, representing a decline of approximately 16%[20] - Revenue from lending for the nine months ended December 31, 2021, was HKD 25,828,000, compared to HKD 29,847,000 for the same period in 2020, reflecting a decrease of about 14%[17] - The company reported a loss attributable to owners of the company of HKD 29,748,000 for the nine months ended December 31, 2021, compared to a loss of HKD 26,479,000 for the same period in 2020, indicating an increase in losses[24] - The retail and wholesale segment's revenue was approximately HKD 53.4 million for the nine-month period, a decrease of 17.46% compared to the same period in 2020[42] - For the nine-month period ending December 31, 2021, the company's revenue was approximately HKD 79.3 million, a decrease of about 16.08% compared to the same period last year[38] - The company reported a loss attributable to shareholders of approximately HKD 29.7 million for the nine-month period, compared to a loss of HKD 26.5 million in the same period of 2020[38] Dividends and Equity - The board of directors does not recommend the payment of dividends for the nine months ended December 31, 2021, consistent with the previous year[5] - The company did not recommend the payment of dividends for the nine months ended December 31, 2021, consistent with the previous year[22] - The group's total equity as of December 31, 2021, was HKD 335,203,000, a decrease from HKD 363,092,000 as of the previous year-end[10] Business Operations - The group primarily engages in lending, retail, and wholesale businesses[13] - The company is listed on the GEM of the Hong Kong Stock Exchange[12] - The main operating location of the company is in Hong Kong[12] - The company’s operations are not seasonal or cyclical, and performance obligations are part of contracts expected to last one year or less[17] - The lending business generated revenue of approximately HKD 25.8 million during the nine-month period, with expectations for sustainable income in the future[40] - The company has been developing its own brand products since 2015, including various food items sourced from local and overseas suppliers[36] - The COVID-19 pandemic has significantly impacted the restaurant industry in Hong Kong, leading to restrictions that affected operations[36] - The company operates four retail stores located in Wan Chai, Lai Chi Kok, Tai Po, and Kowloon Bay, focusing on providing ready-to-eat food products[41] Financial Provisions and Tax - The expected credit loss provision for loans and advances to customers was HKD 8,084,000 for the nine months ended December 31, 2021, compared to HKD 26,298,000 for the same period in 2020[8] - The company has not recognized any provision for Hong Kong profits tax for the nine months ended December 31, 2021, as there were no assessable profits[21] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the nine months ended December 31, 2021, and confirmed compliance with applicable accounting standards[58] - The company has established a remuneration committee responsible for reviewing and setting the remuneration policies for directors and senior management based on operational performance and market practices[59] - The company has complied with the GEM Corporate Governance Code during the nine-month period, with a noted deviation from the code regarding the separation of roles between the chairman and the CEO[55] - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[62] - The company has established a nomination committee to review and recommend any changes to the board of directors[60] - The company confirmed that all directors complied with the trading regulations during the nine months ended December 31, 2021[54] - The company has not disclosed any competitive interests held by directors or major shareholders that could conflict with the group's business[53] Share Options - The company has implemented a new share option scheme to reward eligible participants for their contributions to the group[26] - The new stock option plan allows for the issuance of stock options not exceeding 1% of the company's issued share capital within any 12-month period[8] - As of March 31, 2021, 385,000 unexercised stock options expired, resulting in a transfer of the corresponding amount to accumulated losses[29] - As of December 31, 2021, Mr. Lo Ka-ki holds 2,185,000 shares, representing 0.91% of the company's issued share capital[46] - Major shareholder Rich Treasure Group Limited, through its wholly-owned subsidiary, holds 82,288,613 shares, accounting for 34.23% of the company's issued share capital[49] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[51]

Financial Performance - The company's revenue for the six months ended September 30, 2021, was approximately HKD 52,800,000, a decrease of 14.5% compared to HKD 61,900,000 for the same period in 2020[4] - The loss attributable to owners for the six months ended September 30, 2021, was approximately HKD 9,700,000, compared to a loss of HKD 6,000,000 for the same period in 2020, representing an increase in loss of 61.7%[4] - Gross profit for the six months ended September 30, 2021, was HKD 27,683,000, down 26.4% from HKD 37,573,000 in the same period of 2020[6] - Operating loss for the six months ended September 30, 2021, was HKD 9,765,000, compared to an operating loss of HKD 6,575,000 for the same period in 2020, indicating a deterioration of 48.5%[6] - Total comprehensive loss for the six months ended September 30, 2021, was HKD 9,692,000, compared to HKD 6,929,000 for the same period in 2020, reflecting an increase of 40.7%[8] - The net loss for the six months ended September 30, 2021, was HKD 9,692,000, compared to a net loss of HKD 6,034,000 for the same period in 2020[27] - The company reported a comprehensive loss of HKD 9,692 million for the six months ended September 30, 2021, compared to a loss of HKD 6,948 million for the same period in 2020, reflecting a worsening of approximately 39.5%[42] - Basic and diluted loss per share for the six months ended September 30, 2021, was HKD 9,692 million, compared to HKD 6,034 million for the same period in 2020, indicating a significant increase in losses[42] Dividend and Shareholder Returns - The board of directors does not recommend the payment of an interim dividend for the six months ended September 30, 2021, consistent with the previous year[4] - The company did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[40] Assets and Liabilities - Current assets as of September 30, 2021, totaled HKD 162,273,000, a decrease from HKD 194,366,000 as of March 31, 2021[10] - Total assets decreased to HKD 267,204,000 from HKD 269,346,000, reflecting a decline of 0.8%[13] - Current liabilities increased to HKD 15,316,000 from HKD 9,349,000, representing a rise of 63.5%[13] - The company's total liabilities increased significantly, with lease liabilities rising to HKD 8,940,000 from HKD 1,390,000, an increase of 542.5%[13] - The equity attributable to owners of the company decreased to HKD 258,002,000 from HKD 267,694,000, a decline of 3.6%[13] - The company’s total equity decreased to HKD 258,002,000 from HKD 267,694,000, reflecting a decrease of 3.6%[13] Cash Flow and Operating Activities - Cash and cash equivalents as of September 30, 2021, were HKD 24,309,000, down from HKD 44,523,000 as of March 31, 2021, indicating a decline of 45.4%[10] - Cash and cash equivalents at the end of the period were HKD 24,309,000, down from HKD 61,852,000, indicating a decrease of 60.7%[18] - The company incurred a net cash outflow from operating activities of HKD 7,424,000 for the six months ended September 30, 2021[19] Revenue Segmentation - Total revenue for the six months ended September 30, 2021, was HKD 52,842,000, a decrease of 14.6% compared to HKD 61,886,000 for the same period in 2020[27] - Total revenue from external customers for the six months ended September 30, 2021, was HKD 52,842 million, a decrease from HKD 61,886 million for the same period in 2020, representing a decline of approximately 14.8%[36] - The group's revenue for the retail and wholesale segment was approximately HKD 35.8 million for the six months ended September 30, 2021, compared to HKD 40.4 million for the same period in 2020, representing a decrease of about 14.4%[92] Investments and Joint Ventures - The company’s investment in joint ventures showed an increase in equity from HKD 16,850 million as of March 31, 2021, to HKD 19,250 million as of September 30, 2021[44] - The company reported a total income from joint ventures of HKD 36,011 million for the six months ended September 30, 2021, compared to HKD 27,960 million for the same period in 2020, reflecting growth in joint venture performance[46] Employee and Management Compensation - The total compensation for key management personnel was HKD 1,639 million for the six months ended September 30, 2021, compared to HKD 1,575 million in the same period last year, marking a 4.1% increase[65] Corporate Governance - The company has adhered to the GEM Listing Rules Appendix 15 Corporate Governance Code, except for deviation from Rule A.2.1, where the roles of Chairman and CEO are held by the same individual[110] - The Audit Committee has been established to review the company's annual reports, financial statements, and quarterly reports, ensuring compliance with applicable accounting standards[112] - The company’s unaudited consolidated performance for the six-month period has been reviewed by the Audit Committee, confirming that the performance has been prepared in accordance with applicable accounting standards and regulations[113] - The Remuneration Committee, consisting of three independent non-executive directors and two executive directors, is responsible for reviewing and formulating the remuneration policy for directors and senior management based on the group's operational performance[114] - The Nomination Committee, also comprising three independent non-executive directors and two executive directors, is tasked with reviewing any proposed changes and recommending candidates for the board[115] - The company has adopted the trading standards as per GEM Listing Rules sections 5.48 to 5.67, ensuring compliance among all directors during the six-month period[119] - The company has established written guidelines for employees regarding securities trading, ensuring strict adherence to trading standards[119] - The Chairman of the company, Ms. Siu Yau Hung, represents the board and has confirmed compliance with the trading standards by all directors during the reporting period[120] Business Operations and Strategy - The company has expanded its lending operations by establishing two branches in Jordan and Sheung Wan[90] - The company has been developing its own brand products to meet changing customer demands since 2015[85] - The group is focused on developing its own ready-to-eat food products to cater to the public amidst the challenges faced by the restaurant industry due to the pandemic[91] - The ongoing COVID-19 pandemic has shifted consumer behavior from physical shopping to online shopping, potentially benefiting the group's online retail operations[92] - The group aims to maximize shareholder returns by seeking investment opportunities to improve existing operations and explore new business avenues[93] - The group currently operates four retail stores located in Wan Chai, Lai Chi Kok, Kowloon Bay, and Tai Po, alongside an online grocery sales business[91] Related Party Transactions - The company recorded significant transactions with related parties, including sales of grocery products amounting to HKD 4,077 thousand for the six months ending September 30, 2021[68]

Financial Performance - Total revenue for the fiscal year 2021 was HKD 115,368,000, a slight decrease of 0.64% compared to HKD 116,110,000 in 2020[7] - The company reported a loss of HKD 94,698,000 for the fiscal year 2021, compared to a loss of HKD 63,940,000 in 2020, indicating a deterioration in financial performance[7] - Total assets decreased to HKD 278,695,000 in 2021 from HKD 378,796,000 in 2020, reflecting a decline of approximately 26.4%[7] - Total liabilities were HKD 11,001,000 in 2021, down from HKD 15,704,000 in 2020, showing a reduction of about 30.0%[7] - The company's equity attributable to owners decreased to HKD 267,694,000 in 2021 from HKD 363,092,000 in 2020, a decline of approximately 26.3%[7] - Future guidance indicates a cautious outlook, with expectations of gradual recovery in revenue and profitability[8] Business Strategy and Operations - The company has been focusing on enhancing its financial services and investment strategies to improve future performance[8] - There are plans for market expansion and potential new product offerings in the upcoming fiscal year[8] - The management is committed to exploring strategic partnerships and acquisitions to bolster growth opportunities[8] - The company aims to improve operational efficiency and reduce costs in response to the current financial challenges[8] - The lending business generated revenue of HKD 31,200,000, a decrease from HKD 52,000,000 in the previous year[17] - The retail and wholesale segment reported revenue of approximately HKD 84,200,000, an increase from HKD 64,100,000 in the previous year[19] - The company plans to expand its lending and retail businesses by hiring more sales and delivery personnel and upgrading its online platform[11] - The company aims to diversify its business by exploring investment opportunities in different industry sectors[11] Corporate Governance - The company has maintained compliance with the GEM Listing Rules and corporate governance standards throughout the fiscal year ending March 31, 2021[61] - The board held a total of 9 meetings during the fiscal year, with all executive directors attending the meetings[65] - The company’s chairperson and CEO roles are held by the same individual, which the board believes strengthens leadership and strategic planning efficiency[62] - The company has a balanced composition of executive and non-executive directors, ensuring a diverse range of experiences and perspectives[65] - The company’s independent non-executive directors have extensive experience in accounting, finance, and management, contributing valuable insights to the board[59] - The company has adopted the trading standards as per GEM Listing Rules, ensuring all directors complied with these standards during the fiscal year[64] - The company’s governance policies and practices are regularly reviewed to ensure adherence to legal and regulatory requirements[63] - The company has appointed new independent non-executive directors in 2020, enhancing the board's expertise and oversight capabilities[59] Risk Management and Internal Control - The board is responsible for the overall internal control system and has established a risk management framework to protect shareholder interests and company assets[85] - The company has implemented a three-line defense model for risk management, with the first line being operational management, the second line comprising compliance and finance departments, and the third line being independent consultants[86] - The company has not identified any significant deficiencies in its internal control system during the annual review conducted by independent third-party consultants[87] - The board and audit committee have reported the effectiveness of the risk management and internal control systems, deeming them sufficient and effective[88] Environmental, Social, and Governance (ESG) Practices - The company emphasizes the importance of environmental and social responsibility, integrating these considerations into daily operations[99] - The group conducted an annual materiality assessment involving stakeholders to identify key environmental, social, and governance issues[102] - Key issues identified include employee compensation, product health and safety, and supplier selection and monitoring, which are deemed highly important[105] - The company is committed to sustainable development and aims to protect the environment while supporting society[101] - Stakeholder engagement is crucial for understanding concerns and expectations, which supports the company's long-term sustainability strategy[100] - The company has established various communication channels to gather feedback from stakeholders regarding its environmental, social, and governance practices[106] Employee Management and Development - The total number of employees as of March 31, 2021, was 99, with a gender distribution of 45 males and 54 females, reflecting a 4.65% increase in male employees and a 3.57% increase in female employees compared to the previous year[131] - Employee turnover rate decreased from 57% to 35% compared to last year, with only 35 employees leaving during the reporting period[136][138] - The number of reported injuries decreased from 2 to 1, while the number of lost workdays due to occupational injuries remained stable at 296[140] - Total training hours decreased by 26.07% from 280 hours to 207 hours, with an average training time per employee dropping by 15.73% from 2.48 hours to 2.09 hours[148] - The percentage of trained male employees fell from 72% to 51%, while the percentage of trained female employees increased from 42% to 57%[147] - The company emphasizes employee training and development, providing various training programs tailored to different employee needs[145] Financial Reporting and Shareholder Communication - The company reported a total distributable reserve of HKD 265,290,000 as of March 31, 2021[179] - The company did not make any donations during the year, consistent with the previous year[181] - The board of directors did not recommend any dividend for the year ended March 31, 2021, similar to the previous year[171] - The company has established reporting channels for internal complaints and encourages employees to report any business misconduct[162] - The company remains committed to maintaining the highest levels of integrity and ethical standards[162] Stock Options and Share Capital - The new stock option plan allows the issuance of stock options up to a maximum of 10% of the issued share capital as of the approval date[191] - As of March 31, 2021, no stock options were granted under the new plan, and 385,000 stock options had lapsed[196] - The company’s highest shareholder, Rich Treasure Group Limited, holds 82,288,613 shares, representing 34.23% of the issued share capital[200] - The company’s executive director, Mr. Luo, holds 2,185,000 shares, which is approximately 0.91% of the issued share capital[197]

Financial Performance - The company's revenue for the nine months ended December 31, 2020, was approximately HKD 94,505,000, representing an increase of about 20.84% compared to HKD 78,183,000 for the same period in 2019[5] - The gross profit for the three months ended December 31, 2020, was HKD 17,606,000, compared to HKD 15,593,000 for the same period in 2019, indicating a growth in profitability[7] - The company reported a loss attributable to shareholders of HKD 26,479,000 for the nine months ended December 31, 2020, compared to a loss of HKD 34,404,000 for the same period in 2019, indicating a reduction in losses by 23.2%[26] - The company reported a basic and diluted loss per share of HKD 8.51 for the three months ended December 31, 2020, compared to HKD 13.78 for the same period in 2019[7] - The expected credit loss provision for loans and advances to customers was HKD (23,563,000) for the three months ended December 31, 2020, compared to HKD (35,031,000) for the same period in 2019, indicating a reduction in credit losses[7] Revenue Sources - Revenue from lending activities for the nine months ended December 31, 2020, was HKD 29,847,000, down from HKD 36,970,000 in the same period of 2019[16] - Revenue from retail and wholesale of grocery products, cash vouchers, and restaurant operations for the nine months ended December 31, 2020, was HKD 64,658,000, up from HKD 41,213,000 in the same period of 2019[16] - The lending business generated revenue of approximately HKD 29.8 million during the nine-month period, with expectations for sustainable income in the future[42] - The retail and wholesale segment reported revenue of approximately HKD 64.7 million for the nine-month period, representing a significant increase of 57.04% year-on-year[43] Dividend and Shareholder Information - The company did not recommend the distribution of dividends for the nine months ended December 31, 2020, consistent with the previous year[5] - The company did not recommend any dividend payment for the nine months ended December 31, 2020, consistent with the previous year[24] - As of December 31, 2020, Mr. Lo Ka-ki held 2,185,000 shares, representing approximately 0.91% of the company's issued share capital[50] - The company has issued a total of 239,382,113 shares, with Rich Treasure Group Limited holding approximately 34.23% of the shares[53] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the nine months ending December 31, 2020, and confirmed compliance with applicable accounting standards[62] - The company has established a remuneration committee responsible for reviewing and formulating the remuneration policy for directors and senior management based on operational performance and market practices[63] - The company has complied with the corporate governance code throughout the nine-month period, with a noted deviation from guideline A.2.1[59] - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[67] - The company has established a nomination committee to review and recommend changes to the board of directors[64] - The company has confirmed that all directors have adhered to the trading standards throughout the reporting period[58] Business Strategy and Market Conditions - The company continues to focus on its lending business and retail operations as its primary revenue sources[11] - The company has been developing its own brand products since 2015, including various food series to meet changing customer demands[38] - The COVID-19 pandemic has shifted consumer behavior from physical shopping to online shopping, potentially benefiting the company's online retail business[39] - The company is adopting a cautious approach to manage its business segments to mitigate market risks and enhance returns for shareholders[49] - The company has established a broad and solid customer base in the lending business, which has been active for over eight years[42] - The company is focusing on providing ready-to-eat food products to the public through its retail operations[43] Other Financial Information - The company recorded other income of HKD 32,619,000 for the three months ended December 31, 2020, up from HKD 27,164,000 in the same period of 2019, reflecting an increase of 12.5%[18] - The company did not incur any tax provision for Hong Kong profits tax for the nine months ended December 31, 2020, as there were no assessable profits[23] - The company reported a net foreign exchange loss of HKD 44,000 for the nine months ended December 31, 2020, compared to a loss of HKD 26,000 in the same period of 2019[18] - The company’s financial assets recorded a fair value gain of HKD 2,426,000 for the nine months ended December 31, 2020, compared to a gain of HKD 482,000 in the same period of 2019[18] - The company has not granted any share options under the new share option scheme as of December 31, 2020, and 385,000 share options have lapsed[31] - The company did not provide any corporate guarantees to third parties as of December 31, 2020, except for the performance guarantee related to a joint venture[33] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending December 31, 2020[55]

Financial Performance - The company's revenue for the six months ended September 30, 2020, was approximately HKD 61,900,000, compared to HKD 51,000,000 for the same period in 2019, representing an increase of 21.5%[4] - The loss attributable to owners for the six months ended September 30, 2020, was approximately HKD 6,000,000, compared to a loss of HKD 4,300,000 for the same period in 2019, indicating a deterioration of 39.5%[4] - The gross profit for the six months ended September 30, 2020, was HKD 37,573,000, up from HKD 32,397,000 in the same period of 2019, reflecting a growth of 15.5%[6] - The operating loss for the six months ended September 30, 2020, was HKD 6,575,000, compared to an operating loss of HKD 4,070,000 for the same period in 2019, an increase of 61.7%[6] - The company reported a net loss of HKD 6,948,000 for the six months ended September 30, 2020, compared to a net loss of HKD 4,403,000 for the same period in 2019, an increase of 57.5%[8] - The company's administrative expenses for the six months ended September 30, 2020, were HKD 40,118,000, compared to HKD 34,051,000 for the same period in 2019, an increase of 17.9%[6] - The company recorded a loss per share of HKD 2.51 for the six months ended September 30, 2020, compared to HKD 1.94 for the same period in 2019, indicating a decline of 29.4%[8] Assets and Liabilities - The total assets as of September 30, 2020, were HKD 282,577,000, compared to HKD 241,063,000 as of March 31, 2020, showing an increase of 17.3%[10] - Cash and cash equivalents as of September 30, 2020, amounted to HKD 61,852,000, compared to HKD 47,438,000 as of March 31, 2020, representing a growth of 30.3%[10] - The total assets less current liabilities as of September 30, 2020, were HKD 356,082 thousand, a decrease from HKD 364,250 thousand in the previous year[14] - The company’s equity attributable to owners decreased to HKD 355,463 thousand from HKD 363,092 thousand year-over-year, reflecting a decline of approximately 2.0%[14] - The company’s total liabilities increased to HKD 18,159 thousand from HKD 14,546 thousand, indicating a rise of approximately 24.0%[14] Revenue Streams - Retail and wholesale revenue for the six months ended September 30, 2020, was HKD 40,445 thousand, up from HKD 26,195 thousand in 2019, marking an increase of approximately 54.5%[24] - The lending business generated revenue of approximately HKD 21.4 million during the six-month period, indicating a stable income stream[67] - The revenue from external customers in Hong Kong for the six months ended September 30, 2020, was HKD 61,886,000, up from HKD 51,019,000 in 2019, indicating a growth of 21.1%[29] Dividends and Shareholder Information - The company does not recommend the payment of an interim dividend for the six months ended September 30, 2020, consistent with the previous year[4] - Major shareholder Rich Treasure Group Limited holds 82,288,613 shares, accounting for approximately 34.23% of the company's issued share capital[87] - As of September 30, 2020, Mr. Lo Ka-ki holds 2,185,000 shares, representing approximately 0.91% of the company's issued share capital[84] Corporate Governance - The company has established an audit committee responsible for reviewing annual reports, financial statements, and internal control processes[97] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting[98] - The company has complied with the corporate governance code, except for a deviation regarding the roles of the chairman and CEO[94] - The company has a remuneration committee that reviews and sets the remuneration policies for directors and senior management based on performance[99] - The nomination committee is responsible for reviewing and recommending changes to the board of directors[100] Future Outlook and Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting revenue growth of 10% to 12%[105] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[105] - The company is investing in new technology development, allocating $50 million towards R&D initiatives[105] - Market expansion efforts are underway, targeting an increase in market share by 5% in the Asia-Pacific region[105] - The company is considering strategic acquisitions to enhance its product offerings and market presence[105] - Cost management strategies have been implemented, aiming to reduce operational expenses by 8%[105] - Customer satisfaction ratings improved, with a reported increase of 15% in positive feedback from users[105] - The company plans to enhance its digital marketing efforts, increasing the budget by 25% to drive user engagement[105]

Financial Performance - The group's revenue for the three months ended June 30, 2020, was approximately HKD 28,393,000, representing an increase of about 0.7% compared to HKD 28,163,000 for the same period in 2019[5] - The gross profit for the same period was HKD 16,039,000, compared to HKD 15,402,000 in 2019, indicating a positive growth in profitability[5] - The operating loss for the three months ended June 30, 2020, was HKD 1,468,000, compared to a loss of HKD 578,000 in the same period of 2019, reflecting a deterioration in operational performance[9] - The net loss attributable to the owners of the company for the period was HKD 848,000, compared to HKD 627,000 in 2019, indicating an increase in losses[13] - The basic and diluted loss per share for the period was HKD 0.35, compared to HKD 0.29 for the same period in 2019[13] - The total comprehensive loss for the period was HKD 963,000, compared to HKD 652,000 in 2019, showing an increase in overall losses[11] Revenue Breakdown - Revenue from customer contracts under HKFRS 15 amounted to HKD 28,393,000 for the three months ended June 30, 2020, compared to HKD 28,163,000 in the same period of 2019, representing a slight increase of 0.82%[24] - Revenue from lending decreased to HKD 8,684,000 in the three months ended June 30, 2020, down from HKD 11,823,000 in the same period of 2019, reflecting a decline of 26.0%[24] - The total revenue for the group was HKD 28,393,000, with HKD 19,709,000 coming from the sale of grocery products, cash vouchers, and restaurant operations, which increased from HKD 16,340,000 in the previous year, marking a growth of 20.0%[24] - Retail and wholesale business revenue reached approximately HKD 19,700,000 for the three months ended June 30, 2020, a 20.9% increase from HKD 16,300,000 in the same period last year[46] Dividend Policy - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2020, consistent with the previous year[5] - The group did not recommend the payment of dividends for the three months ended June 30, 2020, consistent with the previous year[31] - The board does not recommend the payment of dividends for the three months ended June 30, 2020[49] Compliance and Governance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with regulatory requirements[19] - The first quarter results are unaudited but have been reviewed by the company's audit committee, ensuring a level of oversight[20] - The company has adhered to the GEM Listing Rules and confirmed compliance with the trading standards as of June 30, 2020[58] - The company has maintained high standards of corporate governance, with a deviation from Rule A.5.1 regarding the composition of the nomination committee[60] - The audit committee is responsible for reviewing the annual report, financial statements, and quarterly reports, ensuring adequate disclosure[62] - The company has established a remuneration committee to review and formulate remuneration policies based on operational performance and market practices[63] - The company is actively seeking suitable candidates to fill vacancies for independent non-executive directors and committee members to comply with GEM Listing Rules[65] - The company has set written guidelines for employees regarding securities trading related to unpublished inside information[66] - The board of directors includes executive directors and an independent non-executive director, with ongoing efforts to enhance governance compliance[67] Business Strategy and Market Conditions - The group primarily engages in lending, retail, and wholesale businesses, indicating a focus on financial services and trade[18] - The group plans to continue developing its own brand products to meet changing customer demands, including various food products[42] - The group has been actively participating in the lending business for over seven years, establishing a solid customer base and anticipating sustainable income from this segment[44] - The group entered the local dining market in December 2019, expecting to increase revenue and market share in Hong Kong[42] - The COVID-19 pandemic has impacted economic activities, but it may accelerate the shift from physical shopping to online shopping, providing potential opportunities for the group's online retail business[47] - The group is exploring new investment opportunities to broaden its business scope and maximize shareholder returns[48] Other Financial Information - The group recognized government grants amounting to HKD 600,000 during the reporting period, which was not present in the previous year[27] - The group reported a net gain of HKD 188,000 from financial assets measured at fair value through profit or loss for the three months ended June 30, 2020, compared to HKD 196,000 in the same period of 2019[27] - The group had no share-based payment expenses recognized in the income statement for the three months ended June 30, 2020, similar to the previous year[38] - The company had 385,000 unexercised share options as of June 30, 2020, with no new options granted under the new share option plan during the reporting period[38] - The weighted average number of ordinary shares for calculating basic and diluted loss per share was 240,359,000 shares for the three months ended June 30, 2020, compared to 218,894,000 shares in the same period of 2019[33]

Financial Performance - Total revenue for the fiscal year 2020 was HKD 116,110,000, a decrease of 43.7% compared to HKD 206,268,000 in 2019[12] - The company reported a loss of HKD 63,940,000 for the fiscal year 2020, compared to a loss of HKD 37,134,000 in 2019, indicating a deterioration in financial performance[12] - Total assets decreased to HKD 378,796,000 in 2020 from HKD 443,488,000 in 2019, reflecting a decline of 14.6%[12] - Total liabilities reduced to HKD 15,704,000 in 2020 from HKD 23,585,000 in 2019, a decrease of 33.5%[12] - The company's equity attributable to owners decreased to HKD 363,092,000 in 2020 from HKD 419,903,000 in 2019, a decline of 13.5%[12] - The lending business generated revenue of HKD 52,000,000, down from HKD 60,100,000 in the previous year[24] - Total revenue for the fiscal year ending March 31, 2020, was approximately HKD 116,100,000, a decrease from HKD 206,300,000 in 2019[23] - The wholesale business revenue was approximately HKD 64,100,000, down from HKD 146,200,000 in the previous year[28] Future Outlook and Strategy - Future outlook remains uncertain due to the significant losses reported and the overall decline in revenue[13] - The company is focusing on restructuring and cost management strategies to improve financial health[13] - The company plans to expand its online retail business by hiring more sales and delivery personnel and upgrading its online platform[18] - The company is exploring vertical integration opportunities by acquiring a company operating Korean BBQ restaurants in Hong Kong[22] - The company aims to diversify its business by seeking suitable investment opportunities across different industries[18] - The company will continue to monitor operations and develop new markets to increase revenue and market share[26] Corporate Governance - The company has adhered to the GEM Listing Rules regarding corporate governance practices throughout the fiscal year ending March 31, 2020[68] - The company is actively seeking suitable candidates to fill vacancies for independent non-executive directors and committee members to comply with GEM Listing Rules[72] - The company has confirmed that all directors complied with the trading standards as per GEM Listing Rules for the fiscal year ending March 31, 2020[74] - The company has a strong commitment to high-level corporate governance to protect shareholder interests[68] - The company’s board is responsible for establishing and reviewing corporate governance policies and practices[72] - The company has implemented a code of conduct and compliance manual applicable to employees and directors[72] - The company has a clear separation of roles between the chairman and the CEO, adhering to governance guidelines[81] - The company has established a remuneration policy that is transparent and aligned with corporate goals[82] - The board composition includes a balanced mix of executive and independent non-executive directors, enhancing governance[77] Risk Management - The board is responsible for the internal control system and has established a risk management system to protect shareholder interests and company assets[100] - The company has implemented a three-line defense model for risk management, with the first line being operational management, the second line comprising various oversight roles, and the third line being independent advisors[101] - The board and audit committee reported the effectiveness of the risk management and internal control systems for the year ended March 31, 2020, with no significant issues identified[104] Environmental and Social Responsibility - The company is committed to sustainable development and adheres to environmental protection laws and regulations[111] - The company has a policy to prioritize environmental and social responsibilities, integrating these considerations into daily operations[118] - The company has established various communication channels to address stakeholder concerns regarding environmental compliance and social responsibility[123] - Total greenhouse gas emissions increased to 894 tons CO2 equivalent in 2020, up 36.55% from 567 tons in 2019[127] - Direct greenhouse gas emissions rose to 112 tons in 2020, a 37.50% increase from 70 tons in 2019[125] - Indirect greenhouse gas emissions from purchased electricity increased to 756 tons in 2020, up 36.64% from 479 tons in 2019[125] - Total electricity consumption reached 1,200,000 kWh in 2020, a 38.36% increase from 739,631 kWh in 2019[132] - Water consumption increased significantly to 1,559 cubic meters in 2020, a 76.36% rise from 884 cubic meters in 2019[132] Employee Welfare - The total number of employees as of March 31, 2020, was categorized by gender and age, with 33 employees aged over 50[148] - The employee turnover rate was low, with only 56 employees leaving during the reporting period[149] - The group provides comprehensive medical insurance for full-time employees, including medical, surgical, hospitalization, and employee compensation insurance[154] - The group emphasizes employee training and development, offering various training programs to enhance professional knowledge and skills[157] - The group has established a smoking policy to ensure a healthy and safe working environment[155] Shareholder Engagement - The company emphasizes regular and effective communication with shareholders, ensuring timely disclosure of important information through various channels[107] - The company is open to shareholder proposals, requiring at least 10% of the paid-up capital for such requests[108] - The independent board committee recommended shareholders reject the offer, stating it was unfair and not in their best interests[54] Financial Management - The company reported a distributable reserve of HKD 335,108,000 as of March 31, 2020, which includes share premium and retained earnings[191] - The company did not recommend any dividend payment for the year ended March 31, 2020, consistent with the previous year[185] - The company has established a remuneration committee to review the remuneration policy based on operational performance and market practices[200]