Financial Performance - The group's revenue for the nine months ended December 31, 2019, was approximately HKD 78,200,000, a decrease of about 52.63% compared to HKD 165,100,000 for the same period in 2018[4] - The loss attributable to the owners of the company for the nine months ended December 31, 2019, was approximately HKD 34,400,000, compared to a loss of HKD 9,000,000 for the same period in 2018[4] - The gross profit for the three months ended December 31, 2019, was HKD 15,593,000, down from HKD 20,844,000 for the same period in 2018[6] - The operating loss for the nine months ended December 31, 2019, was HKD 34,230,000, compared to an operating loss of HKD 8,571,000 for the same period in 2018[6] - The net loss for the three months ended December 31, 2019, was HKD 30,225,000, compared to a loss of HKD 2,044,000 for the same period in 2018[6] - The total comprehensive loss for the nine months ended December 31, 2019, was HKD 34,628,000, compared to HKD 18,419,000 for the same period in 2018[6] - The basic and diluted loss per share for the nine months ended December 31, 2019, was HKD 15.72 cents, compared to HKD 4.12 cents for the same period in 2018[6] - Total revenue for the nine months ended December 31, 2019, was HKD 36,970,000, a decrease from HKD 42,841,000 for the same period in 2018, representing a decline of approximately 13.0%[28] - Revenue from retail and wholesale grocery sales was HKD 44,760,000 for the nine months ended December 31, 2019, compared to HKD 122,214,000 in 2018, indicating a decrease of about 63.3%[28] - The company reported a loss attributable to owners of the company of HKD 34,404,000 for the nine months ended December 31, 2019, compared to a loss of HKD 9,008,000 in the same period of 2018, reflecting a significant increase in losses[32] - Revenue from lending activities was HKD 12,146,000 for the nine months ended December 31, 2019, down from HKD 36,970,000 in 2018, a decrease of approximately 67.0%[28] - Revenue from foreign exchange losses was HKD (5,000) for the nine months ended December 31, 2019, compared to HKD (43,000) in 2018, indicating a slight improvement in losses[28] Dividend Policy - The company does not recommend the distribution of dividends for the nine months ended December 31, 2019, consistent with the previous year[4] - The company did not recommend any dividend payment for the nine months ended December 31, 2019, consistent with the previous year[31] Accounting Policies - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2019, which have no significant impact on the financial performance and position for the current and prior periods[14] - The application of HKFRS 16 has resulted in changes to accounting policies, replacing HKAS 17 and related interpretations[16] - The company recognizes right-of-use assets at the commencement date of leases, measured at cost less accumulated depreciation and impairment losses[19] - The cost of right-of-use assets includes the initial measurement amount of lease liabilities and any lease payments made before the commencement date[20] - Lease liabilities are measured at the present value of unpaid lease payments at the lease commencement date, using the incremental borrowing rate if the implicit rate is not readily determinable[23] - Lease payments include fixed payments, variable lease payments based on indices or rates, and expected payments under residual value guarantees[24] - The company will account for lease modifications as a separate lease if it expands the scope of the lease by adding the right to use one or more underlying assets[26] Business Operations - The company primarily engages in lending, retail, and wholesale businesses[11] - The lending business generated revenue of approximately HKD 37 million during the nine-month period, with expectations for sustainable income in the future[49] - The retail and wholesale business generated revenue of approximately HKD 41.2 million for the nine-month period, a decrease of 66.28% compared to the same period in 2018[50] - The company plans to streamline its wholesale business due to intense competition and increased sales and management costs[50] - The company has been developing its own brand products since 2015, including various food items to meet changing customer demands[47] - The company has established a broad sales network through partnerships with major restaurant companies for its dining coupon distribution business[47] - The company aims to manage its business segments conservatively to reduce market risks and enhance returns for shareholders[57] - The company operates three retail stores located in Wan Chai, Lai Chi Kok, and Tai Po, along with an online grocery sales business[50] Corporate Governance - The company has adopted the GEM Listing Rules for trading standards and confirmed compliance by all directors during the nine-month period[65] - The company has established a Compensation Committee consisting of three independent non-executive directors and two executive directors to review and formulate compensation policies based on operational performance and market practices[69] - A Nomination Committee has been formed with three independent non-executive directors and two executive directors to review and recommend any proposed changes or nominations to the board[71] - The company has implemented written guidelines for employees regarding securities trading to ensure compliance with insider trading regulations[72] Acquisitions - The company acquired 100% equity of a subsidiary for HKD 2,000,000 during the nine months ended December 31, 2019[36] - The identifiable net assets acquired from the subsidiary amounted to HKD 1,934,000, resulting in goodwill of HKD 66,000[37] - The estimated fair value of share options granted to employees was approximately HKD 1,436,000 for the nine months ended December 31, 2019, compared to none in the same period of 2018[41] Taxation - The company has no tax provisions for Hong Kong profits tax for the nine months ended December 31, 2019, as there were no assessable profits[30]

Financial Performance - The group's revenue for the six months ended September 30, 2019, was approximately HKD 51,000,000, a decrease of 52% compared to HKD 106,600,000 for the same period in 2018[5]. - The loss attributable to owners of the company for the six months ended September 30, 2019, was approximately HKD 4,300,000, an improvement from a loss of HKD 6,800,000 in the same period of 2018[5]. - The gross profit for the six months ended September 30, 2019, was HKD 32,397,000, down from HKD 44,161,000 in the same period of 2018, representing a decline of 26%[7]. - The operating loss for the six months ended September 30, 2019, was HKD 4,070,000, compared to an operating loss of HKD 6,270,000 for the same period in 2018, indicating a reduction in losses[7]. - The company reported a net loss of HKD 4,403,000 for the six months ended September 30, 2019, compared to a net loss of HKD 7,762,000 for the same period in 2018, reflecting an improvement[9]. - The net cash generated from operating activities for the six months ended September 30, 2019, was 7,835 thousand HKD, compared to 24,773 thousand HKD in the same period of 2018, representing a decline of about 68.4%[19]. - Revenue from customer contracts not within the scope of HKFRS 15 for the six months ended September 30, 2019, was HKD 24,824,000, compared to HKD 29,176,000 for the same period in 2018[42]. - Retail and wholesale sales revenue for the six months ended September 30, 2019, was HKD 26,195,000, down from HKD 77,454,000 in the same period of 2018[42]. - The total income from external customers in Hong Kong for the six months ended September 30, 2019, was HKD 51,019,000, a decrease from HKD 106,630,000 in the same period of 2018[49]. Assets and Liabilities - Total assets as of September 30, 2019, were HKD 293,689,000, a slight decrease from HKD 301,116,000 as of March 31, 2019[11]. - Current liabilities as of September 30, 2019, were HKD 23,074,000, compared to HKD 23,462,000 as of March 31, 2019, showing a minor reduction[14]. - The net current assets decreased from 277,654 to 270,615 thousand HKD, a decline of approximately 2.3%[15]. - Total assets minus current liabilities decreased from 420,026 to 416,294 thousand HKD, a decline of about 0.6%[15]. - The total equity attributable to the company's owners decreased from 414,846 to 410,591 thousand HKD, a decrease of approximately 1.0%[15]. - The total lease liabilities recognized on April 1, 2019, amounted to HKD 5,745,000, after adjustments for operating lease commitments and future interest expenses[37]. - The company reported a net impairment provision for loans of HKD 32,525,000 as of September 30, 2019, compared to HKD 31,780,000 as of March 31, 2019[62]. - The company's borrowings were approximately HKD 4,500,000 as of September 30, 2019, down from HKD 7,500,000 as of March 31, 2019, indicating improved financial management[88]. Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2019, consistent with the previous year[5]. - For the six months ended September 30, 2019, the basic loss per share attributable to shareholders was approximately HKD 4,255,000, compared to a loss of HKD 6,798,000 for the same period in 2018[57]. - Mr. Siu Yat Man held a total of 83,293,620 shares, representing approximately 38.05% of the issued share capital as of September 30, 2019[94]. - China Creative Digital Entertainment Limited held 26,093,500 shares, accounting for approximately 11.92% of the issued share capital as of September 30, 2019[97]. Operational Insights - The company plans to streamline its wholesale business due to increased competition and rising sales and management costs, focusing more on the lending business and potential investments[86]. - The company aims to explore new investment opportunities to broaden its business scope and maximize shareholder returns[87]. - The company has established a broad customer base in the lending business over seven years, expecting sustainable income in the near future[83]. - The company has been developing its own brand products to meet changing customer demands since 2015, indicating a focus on innovation and market responsiveness[81]. Governance and Compliance - The audit committee reviewed the interim results, which were prepared in accordance with applicable accounting standards and regulations[105]. - The company has established a remuneration committee to review and formulate remuneration policies for directors and senior management based on operational performance and market practices[106]. - The company has complied with the corporate governance code throughout the six-month period[103]. - The board of directors consists of two executive directors and three independent non-executive directors as of the report date[111]. Employment and Workforce - The group had approximately 108 employees as of September 30, 2019, a decrease from 144 employees as of September 30, 2018[91].

Financial Performance - The group's revenue for the three months ended June 30, 2019, was approximately HKD 28,200,000, a decrease of about 48.1% compared to HKD 54,300,000 for the same period in 2018[3] - The loss attributable to the owners of the company for the three months ended June 30, 2019, was approximately HKD 700,000, compared to a loss of HKD 3,200,000 for the same period in 2018[3] - Gross profit for the three months ended June 30, 2019, was HKD 15,402,000, down from HKD 20,486,000 in the same period of 2018[6] - Operating loss for the three months ended June 30, 2019, was HKD 578,000, compared to an operating loss of HKD 2,877,000 for the same period in 2018[6] - The total comprehensive loss for the period was HKD 652,000, compared to HKD 3,526,000 for the same period in 2018[8] - Basic and diluted loss per share for the three months ended June 30, 2019, was HKD 0.29, compared to HKD 1.48 for the same period in 2018[10] Dividend Policy - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2019, consistent with the previous year[3] - The company did not recommend the payment of dividends for the three months ended June 30, 2019, consistent with no dividends declared in the same period of 2018[26] - The board of directors did not recommend the payment of dividends for the three months ended June 30, 2019[44] Business Segments - The group primarily engages in lending, retail, and wholesale businesses[15] - The lending business generated revenue of approximately HKD 11,800,000 for the three months ended June 30, 2019, compared to HKD 14,175,000 in the same period of 2018[40] - The retail and wholesale business generated a revenue of approximately HKD 16,300,000 for the three months ended June 30, 2019, a decrease of 59.4% compared to HKD 40,100,000 for the same period in 2018[42] - The company has decided to streamline its wholesale business due to intense competition and increased sales and management expenses, aiming to improve working capital management[42] Operational Developments - The company has been actively involved in the lending business for over seven years, establishing a solid customer base[40] - The company plans to continue developing its own brand products to meet changing customer demands[38] - The company has been engaged in the distribution of dining vouchers since 2016, which has led to increased customer willingness to dine out[38] - The company is focusing on improving its inventory and accounts receivable management to enhance operational efficiency[42] Financial Reporting and Governance - The financial results are prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[16] - The first quarter unaudited results have been reviewed by the company's audit committee[17] - The company has established an audit committee to review financial reports and ensure compliance with applicable accounting standards[59] - The company has adhered to the corporate governance code during the three months ended June 30, 2019[57] Shareholding Structure - As of June 30, 2019, Mr. Siu Yat Man holds a total of 83,293,620 shares, representing approximately 38.05% of the issued share capital[48] - China Creative Digital Entertainment Limited holds 26,093,500 shares, accounting for approximately 11.92% of the issued share capital as of June 30, 2019[52] Investment Opportunities - The company is actively seeking investment opportunities to enhance its business and expand its scope, ultimately maximizing shareholder returns[43] Other Financial Information - The company experienced a net foreign exchange loss of HKD 11,000 for the three months ended June 30, 2019, compared to a loss of HKD 18,000 in the same period of 2018[23] - The fair value gain on financial assets recognized in profit or loss was HKD 196,000 for the three months ended June 30, 2019, compared to a loss of HKD 132,000 in the same period of 2018[23] - No purchases, sales, or redemptions of the company's listed securities occurred between April 1, 2019, and June 30, 2019[53]

Financial Performance - The company's revenue for the fiscal year ended March 31, 2019, was HKD 206,268,000, an increase from HKD 191,768,000 in the previous year, representing a growth of approximately 7.8%[7]. - The company reported a loss attributable to owners of the company of HKD 37,108,000 for the fiscal year, compared to a loss of HKD 6,756,000 in the previous year, indicating a significant decline in profitability[9]. - Total assets decreased to HKD 443,488,000 as of March 31, 2019, down from HKD 519,463,000 in the previous year, reflecting a reduction of approximately 14.6%[9]. - For the fiscal year ending March 31, 2019, the company's revenue was approximately HKD 206,300,000, an increase of about 7.6% compared to the previous year[20]. - The lending business generated revenue of approximately HKD 60,100,000, a decrease of 2.6% from 2018[21]. - The retail and wholesale business reported revenue of approximately HKD 146,200,000, an increase of 12.4% compared to the same period in 2018[23]. - The company reported a pre-tax loss of HKD 37,256,000 for the year ended March 31, 2019, compared to a loss of HKD 6,233,000 in the previous year[194]. - Total comprehensive loss for the year amounted to HKD 46,460,000, compared to HKD 8,297,000 in the prior year, reflecting a substantial increase in overall losses[183]. - Basic and diluted loss per share was HKD 16.95, compared to HKD 3.08 in the previous year, indicating a worsening financial performance[184]. Business Operations - The lending business generated revenue of HKD 60,100,000, which continues to be a core business for the company, providing stable income[14]. - The company plans to grow its loan portfolio in the coming years, which is expected to contribute to stable income and profitability[16]. - The company has been actively developing its retail and online sales business since 2015, aiming to integrate these operations through e-commerce[14][17]. - The wholesale business has been generating stable income since 2015, contributing positively to the company's financial performance[15]. - The company has established partnerships with major restaurant companies to distribute dining vouchers, which is expected to enhance sales channels and benefit shareholders[15]. - The company anticipates that the e-commerce integration of retail and wholesale operations will become a significant profit center in the future[17]. - The company is exploring suitable investment opportunities to achieve business diversification and expand its operational scope[17]. - The group is primarily engaged in lending, financial instruments, and retail and wholesale businesses[118]. Governance and Compliance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 throughout the fiscal year ending March 31, 2019[45]. - The board held a total of 3 meetings during the fiscal year, with all executive directors attending all meetings[53]. - The company appointed a new CEO, Ms. Siu Yuhong, effective January 10, 2019, while Mr. Siu Yuen remains as the chairman[47]. - The independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring a balanced board structure[55]. - The company has implemented a governance policy that includes regular reviews and recommendations for improvement[49]. - The board is responsible for ensuring compliance with all applicable laws and regulations, enhancing shareholder protection[49]. - The company has established a remuneration committee to oversee director compensation and ensure alignment with performance[57]. - The independent non-executive directors are appointed for a term of one year, automatically renewing unless terminated with three months' notice[58]. - The company has maintained a clear separation of roles between the chairman and the CEO, complying with governance standards[59]. - The company established a remuneration committee consisting of three independent non-executive directors and two executive directors, which held one meeting during the fiscal year ending March 31, 2019[60]. - The audit committee, composed of three independent non-executive directors, held four meetings during the fiscal year ending March 31, 2019, to review the company's annual and interim financial reports[62]. Risk Management and Internal Controls - The board is responsible for the overall internal control system and has established a risk management system to protect shareholders' interests and the company's assets[77]. - The company has established a three-line defense system for risk management, with the first line being operational management responsible for direct risk assessment and mitigation[78]. - An independent third-party internal control consultant is engaged annually to review the internal control system, with no significant control deficiencies identified[79]. - The board and audit committee have confirmed the effectiveness and adequacy of the risk management and internal control systems as of March 31, 2019[79]. - The audit report emphasized the importance of internal controls in preventing significant misstatements due to fraud or error[175]. - The auditors maintained professional skepticism throughout the audit process, identifying and assessing risks of material misstatement[176]. Environmental and Social Responsibility - The company has set annual environmental protection goals and encourages departments to participate in external environmental seminars to enhance awareness[92]. - The company's carbon footprint primarily arises from electricity usage and business travel, with no harmful waste generated from its operations[92]. - The company recognizes employees, customers, suppliers, and business partners as key stakeholders for its success and aims to provide quality products and services[88]. - The company is committed to sustainable development and adheres to environmental protection laws and regulations[87]. - The total electricity consumption for the year ended March 31, 2019, was approximately 1,200,000 kWh, equating to about 9,700 kWh per employee[97]. - The total paper consumption for the office for the year ended March 31, 2019, was approximately 1,520 kg, which is about 12 kg per employee[97]. - The total greenhouse gas emissions for the year ended March 31, 2019, were approximately 756 tons of CO2, with about 868 tons of total emissions[95]. - The company has implemented measures to reduce waste and resource usage, including encouraging double-sided printing and using energy-efficient equipment[96]. - The company promotes environmental awareness among employees and encourages compliance with environmental principles[99]. Employee and Community Engagement - The total employee compensation for the year ending March 31, 2019, was approximately HKD 45,600,000, an increase from HKD 40,000,000 in 2018[32]. - The company has established a competitive compensation policy, with annual reviews and additional benefits such as performance-based bonuses[100]. - The company has maintained a stable employee turnover rate, ensuring satisfactory work performance and productivity levels[102]. - The group reported zero work-related injuries and occupational diseases for the year ending March 31, 2019[106]. - The group has implemented a policy prioritizing internal promotions before external hiring to enhance employee skills and knowledge[107]. - The group encourages employee participation in charitable activities as part of its community investment strategy[113]. Shareholder Information - The board does not recommend any dividend payment for the year ending March 31, 2019[123]. - As of March 31, 2019, the company's reserves available for distribution to shareholders amounted to HKD 386,454,000[128]. - The top five suppliers accounted for approximately 25.7% of the cost of sales for the year ended March 31, 2019, with the largest supplier contributing about 7.3%[132]. - Sales to the top five customers represented around 19.1% of the company's revenue for the year ended March 31, 2019, with the largest customer accounting for approximately 8.8%[132]. - No donations were made by the company during the year ended March 31, 2019, consistent with the previous year[133]. - The total remuneration for the directors during the year ended March 31, 2019, was HKD 310,000, HKD 533,000, and HKD 850,000 for the respective directors[134]. - As of March 31, 2019, the total shareholding of Mr. Siu Yat Man was 83,293,620 shares, representing approximately 38.05% of the company's issued share capital[150]. - As of March 31, 2019, the company had a total of 26,093,500 shares held by China Creative Digital Entertainment Limited, representing approximately 11.92% of the issued share capital[154]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended March 31, 2019[156].

Financial Performance - The group's revenue for the nine months ended December 31, 2018, was approximately HKD 165,100,000, representing a growth of about 7.8% compared to HKD 153,200,000 for the same period in 2017[5] - The group reported a loss of approximately HKD 9,100,000 for the nine months ended December 31, 2018, compared to a profit of HKD 15,100,000 for the same period in 2017[5] - The gross profit for the nine months ended December 31, 2018, was HKD 65,005,000, down from HKD 66,116,000 in the same period of 2017[7] - The operating loss for the nine months ended December 31, 2018, was HKD 8,571,000, compared to an operating profit of HKD 16,128,000 for the same period in 2017[7] - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 18,419,000, compared to a total comprehensive income of HKD 13,452,000 for the same period in 2017[7] - The basic and diluted loss per share for the nine months ended December 31, 2018, was HKD 4.12 cents, compared to earnings of HKD 6.88 cents for the same period in 2017[7] - For the nine months ended December 31, 2018, the company reported a loss attributable to owners of the company of HKD (9,008) thousand, compared to a profit of HKD 15,108 thousand for the same period in 2017[28] - Total revenue for the nine months ended December 31, 2018, was HKD 165,055 thousand, an increase from HKD 153,213 thousand in the same period of 2017, representing a growth of approximately 7.3%[22] Dividend Policy - The group did not recommend the payment of any dividend for the nine months ended December 31, 2018, consistent with the previous year[5] - The company did not recommend the payment of dividends for the nine months ended December 31, 2018, consistent with the previous year where no dividends were declared[26] Business Operations - The group primarily engages in lending, financial instruments, and investment in quoted shares, as well as retail and wholesale businesses[12] - The company operates primarily in Hong Kong, with its main business location at D2 Place, 8th Floor, 15 Cheung Shun Street, Cheung Sha Wan, Kowloon[11] - The company operates three retail stores located in Wan Chai, Lai Chi Kok, and Tai Po, and is focusing on providing ready-to-eat food products[43] - The company has been developing its own brand products since 2015, including the Chef Series and FRESHNESSMART, to meet changing customer demands[40] - The lending business generated revenue of approximately HKD 42.8 million during the nine-month period, with expectations for sustainable income in the future[42] - The wholesale business generated revenue of approximately HKD 122.2 million for the nine-month period, an increase of 20% compared to the same period in 2017[45] - The company has been engaged in the distribution of dining vouchers since 2016, collaborating with major dining companies to expand sales channels[40] Revenue Recognition - The company recognized rental income on a straight-line basis over the lease term, contributing to overall revenue stability[18] - The company’s interest income was recognized based on the effective interest method, ensuring accurate revenue reporting[19] - The company’s total income from external customers in Hong Kong for the nine months ended December 31, 2018, was HKD 165,055 thousand, up from HKD 153,213 thousand in the previous year[24] - The company’s financial assets at fair value through profit or loss generated a fair value gain of HKD 589 thousand, compared to a loss of HKD 28 thousand in the previous period[21] Corporate Governance - As of December 31, 2018, Mr. Siu Yat Man held approximately 37.77% of the company's issued share capital[47] - The company has established a remuneration committee consisting of three independent non-executive directors and two executive directors to review and formulate the remuneration policy for directors and senior management based on operational performance and market practices[63] - The company has formed a nomination committee with three independent non-executive directors and two executive directors responsible for reviewing and recommending any proposed changes to the board of directors[64] - The board of directors includes five members, comprising two executive directors and three independent non-executive directors[72] Related Party Transactions - The company indirectly holds an 80% stake in a subsidiary, Bishi Wholesale Limited, with the remaining 20% held by a related party, indicating ongoing related party transactions[66] - Independent non-executive directors have confirmed that related party transactions are conducted under normal commercial terms and are fair and reasonable, aligning with the interests of shareholders[68] - The auditor has issued an unqualified opinion regarding the disclosed related party transactions, confirming no significant issues were noted as of March 31, 2018[69] - The company has not entered into any significant contracts where directors have a direct or indirect substantial interest during the nine-month period related to the group's business[71] Share Options - The company has not granted any share options under the new share option scheme during the nine months ended December 31, 2018[32] Tax Provision - The company has not recognized any tax provision for Hong Kong profits tax for the nine months ended December 31, 2018, due to no assessable profits[25]