Revenue and Income - Revenue for the six months ended 30 June 2024 increased to HK$38.072 million, up from HK$34.270 million in the same period in 2023[6] - Total revenue for the six months ended 30 June 2024 was HK$38.072 million, compared to HK$34.270 million in the same period in 2023, representing an increase of 11.1%[21][23] - Revenue from the hospitality and related services segment increased to HK$32.958 million in 2024 from HK$31.562 million in 2023, a growth of 4.4%[21][23] - Loan interest income from the money lending business rose significantly to HK$5.113 million in 2024, up from HK$2.665 million in 2023, a 91.8% increase[21][23] - Revenue from food and beverage sales in the hotel business grew to HK$19.433 million in 2024 from HK$18.254 million in 2023, a 6.5% increase[24] - Revenue from hospitality and related services in Australia increased by approximately HK$1,396,000 (4%) to HK$32,958,000 for the six months ended 30 June 2024[70] - The Group recorded interest income of approximately HK$5,113,000 from its money lending business, a significant increase from HK$2,665,000 in 2023[74] Costs and Expenses - Cost of sales for the six months ended 30 June 2024 was HK$5.577 million, compared to HK$4.835 million in 2023[6] - Administrative expenses decreased to HK$41.342 million in 2024 from HK$45.905 million in 2023[6] - Finance costs decreased to HK$3.157 million in 2024 from HK$3.933 million in 2023[6] - Total depreciation and amortization expenses increased to HK$6.408 million in 2024 from HK$5.796 million in 2023, a 10.6% rise[21][23] - Staff costs, including directors' emoluments, increased to HK$19.830 million in 2024 from HK$20.322 million in 2023, a 2.4% decrease[26] - The impairment loss on contract assets, accounts receivable, loan, and interest receivables rose to HK$6.408 million in 2024 from HK$5.796 million in 2023, a 10.6% increase[26] - Staff costs, including Directors' salaries, allowances, and bonuses, totaled approximately HK$19,831,000 for the period under review, compared to HK$20,322,000 in 2023[110] Profit and Loss - The company reported a loss before tax of HK$23.712 million for the six months ended 30 June 2024, compared to a profit of HK$46.664 million in 2023[6] - Total comprehensive income for the period was a loss of HK$25.582 million in 2024, compared to a profit of HK$75.260 million in 2023[7] - Loss per share for the six months ended 30 June 2024 was HK$0.46, compared to earnings per share of HK$0.87 in 2023[7] - The company reported a loss before tax of HK$23.712 million for the six months ended 30 June 2024, compared to a profit before tax of HK$46.664 million in the same period in 2023[21][23] - The company reported a loss attributable to shareholders of HK$23,672,000 for the six months ended 30 June 2024, compared to a profit of HK$46,743,000 in the same period in 2023[31] - The company reported a loss of approximately HKD 23,712,000 for the six months ended June 30, 2024, compared to a profit of HKD 46,664,000 in the same period in 2023, primarily due to the absence of a gain from the deemed disposal of a subsidiary in 2023[63] Assets and Liabilities - Total non-current assets decreased to HK$291,268,000 from HK$296,752,000, a decline of 1.8%[8] - Current assets decreased to HK$136,856,000 from HK$144,750,000, a decline of 5.5%[8] - Cash and cash equivalents decreased to HK$26,469,000 from HK$32,507,000, a decline of 18.6%[8] - Total current liabilities decreased to HK$86,742,000 from HK$95,958,000, a decline of 9.6%[9] - Net current assets increased to HK$50,114,000 from HK$48,792,000, an increase of 2.7%[9] - Total equity decreased to HK$291,398,000 from HK$316,980,000, a decline of 8.1%[9] - Accumulated losses increased to HK$945,428,000 from HK$882,939,000, an increase of 7.1%[10] - Consolidated reserves decreased to HK$240,402,000 from HK$297,428,000, a decline of 19.2%[11] - Total assets of the Group as of 30 June 2024 were approximately HK$428,124,000, with cash and cash equivalents of HK$1,435,000[90] - Shareholders' equity as of 30 June 2024 was approximately HK$291,962,000[91] - The Group's borrowings as of 30 June 2024 were approximately HK$74,759,000, with 60,853,000 secured and 13,906,000 unsecured[91] Cash Flow - Net cash flow from operating activities for the six months ended 30 June 2024 was HK$6,361 thousand, compared to a net cash outflow of HK$23,962 thousand in the same period in 2023[12] - Net cash flow used in investing activities for the six months ended 30 June 2024 was HK$15,298 thousand, compared to a net cash inflow of HK$34,669 thousand in the same period in 2023[12] - Net cash flow from financing activities for the six months ended 30 June 2024 was HK$3,832 thousand, compared to a net cash outflow of HK$19,313 thousand in the same period in 2023[12] - Cash and cash equivalents at the end of the period were HK$1,435 thousand, a decrease from HK$5,713 thousand at the end of the same period in 2023[12] Segment Performance - The Group has four reportable operating segments: hospitality and related services in Australia, services through network media, money lending business, and assets investments business[18] - Revenue and expenses are allocated to the reportable segments based on sales generated and expenses incurred by those segments[18] - Assets and liabilities are allocated to the reportable segments, excluding unallocated corporate assets and liabilities[18] - Segment profit/(loss) is measured using adjusted profit/(loss) before tax, which excludes bank interest income, non-lease-related finance costs, dividend income, net gains on disposals of subsidiaries, and head office and corporate expenses[18] Investments and Fair Value - Share of results of associates showed a loss of HK$9.951 million in 2024, compared to a loss of HK$7.129 million in 2023[6] - Fair value loss on financial assets at FVTPL was HK$3.714 million in 2024, compared to a loss of HK$1.027 million in 2023[6] - The fair value loss on financial assets at FVTPL increased to HK$3.714 million in 2024 from HK$1.027 million in 2023, a 261.6% increase[21][23] - The Group recorded a fair value loss on financial assets at FVTPL of approximately HK$3,714,000 for the six months ended 30 June 2024, primarily due to the decrease in the fair value of investments in listed equity securities in Hong Kong[78] - The Group recorded a fair value loss on financial assets at FVTOCI of approximately HK$503,000 for the six months ended 30 June 2024, compared to a fair value gain of approximately HK$28,466,000 in 2023[78] - World Biotech Regenerative Medical Group Limited, a significant securities investment, accounted for 6.8% of the Group's total assets as of 30 June 2024, with a fair value of HK$29,190,000[79] - The Group's investment in World Biotech, representing 3.32% equity interest, had an investment cost of HK$28,697,000 and recorded no unrealised gain or dividend income for the six months ended 30 June 2024[79] - World Biotech, founded in 2020, operates a biopharmaceutical drug development centre, a production facility, and a clinical centre under the brand BioCreatrix[80] - The Group's subsidiary, Absolutely Talent Technology Limited, invested HK$40,000,000 in World Biotech in October 2021, acquiring a 4.65% equity interest[81] - World Biotech's net profit guarantee for the two financial years ending 30 September 2025 or its valuation by 31 December 2025 must not be less than agreed amounts, or compensation will be paid to Absolutely Talent Technology Limited[82] - The Group recorded a gain of approximately HK$335,000 from the disposal of 25,000 shares of World Biotech during the six months ended 30 June 2023[82] - As of 30 June 2024, the Group's 35,650 shares (3.32% equity) in World Biotech and the Profit Guarantee had an aggregate fair value of approximately HK$29,190,000, representing 6.8% of the Group's total assets[82] - World Biotech completed the construction of a GMP-compliant production plant in 2023, enabling it to manufacture clinical trial products and distribute bi-products globally[82] - The Group held 10,650 ordinary shares (48.33% equity) in Luck Key Investment Limited as of 30 June 2024, with a carrying amount of approximately HK$60,740,000, representing 14.2% of the Group's total assets[83] - Luck Key's revenue for the period under review decreased by 18% to approximately HK$94,879,000, with a loss attributable to shareholders of approximately HK$19,821,000[84] - Luck Key Group operates 11 health check centers and 2 laboratories in Hong Kong, providing a wide range of medical diagnostic and health check services[83] - The Group plans to continue holding its investments unless changes in strategy or opportunities to realize existing investments arise, aiming to optimize returns and create value for shareholders[85] Borrowings and Financial Instruments - Total interest-bearing borrowings increased to HK$74,759,000 as of 30 June 2024 from HK$65,959,000 as of 31 December 2023[51] - Fixed-rate borrowings increased to HK$13,906,000 as of 30 June 2024 from HK$10,188,000 as of 31 December 2023[51] - Variable-rate borrowings increased to HK$60,853,000 as of 30 June 2024 from HK$55,771,000 as of 31 December 2023[51] - Effective interest rates for fixed-rate borrowings ranged from 10.00% to 11.00% as of 30 June 2024, compared to 6.00% to 11.00% as of 31 December 2023[52] - The company issued convertible notes with a total principal amount of HKD 7,600,000, with an extended maturity date of September 30, 2024. The notes can be converted into ordinary shares of EFL or redeemed at 105% of the face value starting from March 31, 2023[54] - The liability component of the convertible notes increased from HKD 7,715,613 as of January 1, 2023, to HKD 8,328,373 as of December 31, 2023, and further to HKD 8,358 as of June 30, 2024[54] - The Group's borrowings repayable within one year as of 30 June 2024 were approximately HK$24,799,000, with interest rates ranging from 7.23% to 11.00%[90] - The Group's gearing ratio as of 30 June 2024 was 0.32 times, and its net debt-to-equity capital ratio was 0.43 times[90] - Effective interest rates on fixed-rate borrowings ranged from 10.00% to 11.00%, and on variable-rate borrowings from 7.23% to 7.40% as of 30 June 2024[94] - The Group's borrowing facilities as of 30 June 2024 were approximately HK$93,452,000, with HK$74,759,000 utilized[90] - Certain borrowing facilities were secured by freehold land and buildings valued at approximately HK$82,373,000 as of 30 June 2024[96] - Subsidiary EFL issued convertible loan notes totaling HKD 7.6 million for general working capital, with an extended maturity date of September 30, 2024[124] - As of June 30, 2024, HKD 300,000 of the convertible loan notes were redeemed, and no conversions occurred[124] - The outstanding principal amount of convertible notes as of 30 June 2024 was HK$7,300,000, down from HK$7,600,000 as of 31 December 2023[121] - The convertible notes issued by EFL have a maturity date of 30 September 2024 and can be converted into ordinary shares of EFL[121] - The full exercise of the conversion right for the outstanding convertible notes would not result in the issuance of more than 5% of EFL's existing issued shares[121] - Noteholders can request early redemption of the convertible notes at 105% of the par value from the first business day after 31 March 2023 to 10 business days before the maturity date[121] Legal and Contingent Liabilities - Ever Robust Holdings Limited, a subsidiary, is involved in legal proceedings with Convoy Global Holdings Limited, seeking orders to set aside share allotments and rescind financing facilities, including a HK$129,000,000 loan and a HK$67,574,473 margin loan[100] - Ever Robust fully repaid the HK$129,000,000 loan and HK$67,574,473 margin loan by 19 December 2017 and no longer holds shares in Convoy[100] - On 6 March 2018, a case management conference was held for the Convoy Proceedings, with amended claims seeking declarations of nullity for share allotments and orders for damages and equitable compensation[101][103] - On 27 July 2018, Ever Robust received a sealed order allowing the Plaintiffs to file and serve an amended statement of claim, with 11 additional parties ordered to join the proceedings[102] - Ever Robust filed its defense on 10 December 2018, asserting that the Plaintiffs are not entitled to any relief in the Convoy Proceedings[104] - On 2 January 2018, Ever Robust received a petition from Zhu Xiao Yan seeking orders to declare share placements void and claim damages for shareholding dilution, with Ever Robust holding no shares in Convoy as of that date[105] - The Zhu Proceedings were stayed on 6 March 2018 pending the outcome of the Convoy Proceedings[106] - The Group did not have any material contingent liabilities as of 30 June 2024, the same as in 2023[109][113] - The Group has not made any provisions for legal proceedings due to the inability to reliably assess potential liabilities[108][112] Corporate Governance and Shareholder Information - The company's authorized share capital is 20,000,000,000 ordinary shares with a nominal value of HKD 0.01 each, and the issued and fully paid shares as of June 30, 2024, were 5,156,035,108 shares[55] - Ng Ting Kit holds a 9.64% beneficial interest in the company's shares, totaling 497,180,000 shares[120] - King's Group Capital Limited, wholly owned by Ng Ting Kit, holds a 5.06% interest in the company's shares, totaling 260,800,000 shares[120] - The total issued shares of the company as of 30 June 2024 were 5,156,035,108[120] - No share options were outstanding as of 30 June 2024, compared to none as of 31 December 2023[119] - The maximum entitlement for each participant under the share option scheme does not exceed 1% of the aggregate number of shares issued and issuable in any 12-month period[126][129] - The share option scheme allows for a nominal consideration of HKD 1 upon acceptance of the grant[126][129] - The exercise price of options cannot be less than the highest of the closing price on the grant date, the average closing price for the preceding five trading days, or the nominal value of the shares[127][129] - The share option scheme remains in force for 10 years from its adoption date of June 9, 2020[127][129] - As of January 1, 2024, and June 30, 2024, 533,623,510 shares were available for grant under the scheme, representing approximately 10.35% of the issued share capital[127][129] - No options were granted under the scheme during the six months ended June 30, 2024[127][129] - There were no outstanding, granted, exercised, canceled, or lapsed share options under the scheme as of January 1, 2024, and June 30, 2024[128][129] - Non-executive Director Mr. Ng Ting Ho holds directorships in Way Union Finance Limited and Delight Sky Finance Limited, which are engaged in money lending business in Hong Kong[131] - The company has established an Audit Committee consisting of three independent non-executive directors, with Mr. Wong Siu Keung, Joe serving as the chairman during the review period[135] - The Audit Committee reviewed the Group's unaudited condensed consolidated results for the six months ended 30 June 2024 and confirmed compliance with applicable accounting standards and GEM Listing Rules[135] - The Board of Directors includes one

Financial Performance - For the six months ended June 30, 2024, the Group reported revenue of HK$38,072,000, an increase of 11.8% compared to HK$34,270,000 in the same period of 2023[7]. - The Group incurred a loss before tax of HK$23,712,000, compared to a profit before tax of HK$46,664,000 in the corresponding period of 2023[7]. - The loss for the period was HK$23,712,000, contrasting with a profit of HK$46,664,000 in the same period last year[7]. - For the six months ended June 30, 2024, the company reported a total comprehensive loss of HK$25,582, compared to a profit of HK$75,260 for the same period in 2023, representing a significant decline[8]. - The loss attributable to shareholders for the period was HK$23,672, a decrease from a profit of HK$46,743 in the prior year, indicating a year-over-year decline of approximately 150%[8]. - Basic and diluted loss per share was HK$0.46, compared to earnings of HK$0.87 per share in the previous year, reflecting a substantial decrease in profitability[8]. Expenses and Costs - Administrative expenses decreased to HK$41,342,000 from HK$45,905,000, reflecting a reduction of approximately 10%[7]. - The Group's finance costs decreased to HK$3,157,000 from HK$3,933,000, indicating a reduction of about 19.7%[7]. - Other income and gains amounted to HK$2,120,000, down from HK$2,946,000 in the previous year[7]. - The profit before tax for the period was impacted by an impairment loss on contract assets and accounts receivable amounting to HK$6,408,000, compared to HK$5,796,000 in 2023[27]. Assets and Liabilities - Total current assets decreased to HK$136,856 from HK$144,750 as of December 31, 2023, marking a decline of approximately 5.7%[9]. - Non-current assets totaled HK$291,268, a slight decrease from HK$296,752 at the end of 2023, representing a decline of approximately 1.6%[9]. - Total liabilities increased, with current liabilities rising to HK$86,742 from HK$95,958, a decrease of about 9.6%[10]. - The company reported a decrease in cash and cash equivalents to HK$26,469 from HK$32,507, reflecting a decline of approximately 18.5%[9]. - The accumulated losses as of June 30, 2024, were HK$945,428,000, compared to HK$848,739,000 as of June 30, 2023[11]. Cash Flow - For the six months ended June 30, 2024, the net cash flow from operating activities was HK$6,361,000, compared to a net cash outflow of HK$23,962,000 in the same period of 2023[13]. - The net cash flow used in investing activities was HK$15,298,000 for the six months ended June 30, 2024, a decrease from a net cash inflow of HK$34,669,000 in 2023[13]. - The net cash flow from financing activities was HK$3,832,000 for the six months ended June 30, 2024, compared to a net cash outflow of HK$19,313,000 in 2023[13]. Segment Performance - For the six months ended June 30, 2024, total segment revenue was HK$38,072,000, with hospitality services contributing HK$32,958,000, money lending HK$5,113,000, and network media services HK$1,000[22]. - The segment profit for hospitality services was a loss of HK$1,620,000, while money lending generated a profit of HK$194,000, and network media services incurred a loss of HK$69,000, resulting in a total segment loss of HK$13,918,000[22]. - Revenue from contracts with customers in hospitality and related services was HK$13,525,000, up from HK$13,308,000, reflecting a growth of 1.6%[25]. - Loan interest income significantly increased to HK$5,113,000, compared to HK$2,665,000 in the previous year, marking a growth of 92.5%[25]. Investments - The Group's financial assets at fair value through profit or loss (FVTPL) totaled HK$55,659,000 as of June 30, 2024, compared to HK$61,697,000 as of December 31, 2023, indicating a decline of about 9.8%[40]. - The Group's investment portfolio mainly comprised securities issued by listed companies, with a fair value loss on financial assets at FVTOCI of approximately HK$503,000 for the six months ended June 30, 2024, compared to a fair value gain of approximately HK$28,466,000 in 2023[79]. - The Group holds a 3.32% equity interest in World Biotech, with an investment cost of HK$28,697,000[80]. - The investment in Luck Key Investment Limited represents approximately 48.33% equity interest, with a carrying amount of approximately HK$60,740,000 as of June 30, 2024, accounting for about 14.2% of the Group's total assets[84]. Legal Proceedings - The Group was involved in legal proceedings related to claims against its subsidiary, Ever Robust, with a loan amount of HK$129,000,000 and a margin loan of HK$67,574,473 being contested[101]. - The Group has not made any provisions for the legal proceedings as it is unable to reliably assess the amount of potential liabilities[109]. - The Group's legal proceedings include claims related to share placements and potential damages for dilution of shareholding[106]. Corporate Governance - The Audit Committee consists of three independent non-executive Directors, ensuring compliance with GEM Listing Rules and corporate governance standards[135]. - The Company is committed to good corporate governance practices, enhancing transparency and quality of disclosure[135]. - The Company has complied with the Corporate Governance Code provisions during the review period[134].

Financial Performance - The Group recorded revenue of approximately HK$64,587,000 for the year ended December 31, 2023, representing a decrease of approximately 52% compared to HK$134,373,000 in 2022 due to the deemed disposal of Dynamic Indonesia Holdings Limited[15]. - The profit for the year ended December 31, 2023, was approximately HK$12,452,000, an increase from HK$9,925,000 in 2022[15]. - The decrease in overall revenue was significantly influenced by the Walletku Disposal in June 2022[15]. - The Group's financial performance reflects ongoing challenges in the hospitality sector due to external factors[15]. - The increase in profit despite a significant drop in revenue indicates improved operational efficiency or cost management[15]. - The Group's profit for the year was approximately HK$12,452,000, an increase from HK$9,925,000 in 2022, primarily due to a gain of approximately HK$72,145,000 from the deemed disposal of a subsidiary[27]. - Revenue from administrative and management services significantly decreased from approximately HK$16,005,000 in 2022 to approximately HK$1,228,000 in 2023[29]. Hospitality Segment - Revenue from the hospitality and related services segment in Australia was approximately HK$58,773,000, down approximately 8% from HK$63,834,000 in 2022, primarily due to a decrease in occupied rooms during renovation[17]. - The renovation work at Balgownie Estate Vineyard Resort & Spa Yarra Valley impacted the number of occupied rooms, contributing to the revenue decline in the hospitality segment[17]. - The occupancy rate of Balgownie decreased to approximately 74% from 75% in the previous year[21]. - Balgownie recorded a revenue of approximately HK$58,773,000 for the year, a decrease of about HK$5,061,000 or approximately 8% compared to HK$63,834,000 in 2022, primarily due to a reduction in occupied rooms during renovation work[54][56]. - The Group plans to enhance Balgownie as an integrated resort destination for leisure and event-hosting, including banquet services for weddings and events[32]. - Balgownie has received multiple awards, including "Resort Style Accommodation of the Year" for four consecutive years from 2016 to 2019 and in 2022[46]. Business Development and Strategy - The Group continues to adopt a diversified business development strategy to enhance its market presence[16]. - The Group remains committed to exploring new business opportunities and strategies for future growth[16]. - The Group aims to position Balgownie as an integrated resort-based travel destination for leisure and event hosting[51][55]. - The Group's strategic focus includes maintaining operational resilience, remaining competitive, and exploring new opportunities amid geopolitical and macroeconomic uncertainties[155]. - The Group aims to enhance its existing businesses and create value for shareholders through the formulation and implementation of its business plans and strategies[154]. New Products and Services - The Group launched a new "Wellness Retreat" product/service in partnership with Endota Spa, aiming to attract more customers and generate additional income[32]. - The "Wine Club" introduced in April 2023 has acquired over 700 members, with expectations to grow to over 3,000 members in the next 24 months[32]. - The Group aims to increase the membership of the new "Wine Club" from over 700 members to more than 3,000 members within the next 24 months, which is expected to generate additional revenue[34]. - The Group is collaborating with spa partners to open new day spa centers, enhancing revenue from wellness-related services[49]. Money Lending Business - Interest income from the money lending business increased to approximately HK$5,709,000, up from HK$3,387,000 in 2022, due to an increase in loans granted[23]. - The Group's money lending business is conducted through its wholly-owned subsidiary, Mark Profit Finance Limited, which holds a money lender's license under Hong Kong law[70]. - The Group has implemented a credit assessment process that includes verification of identity, income, assets, and address proofs, with all documents required to be up-to-date[77]. - The Group's focus on prudent credit procedures aims to ensure sustainable growth in its money lending business[70]. - The Group's money lending business targets both corporate and individual customers, with a thorough credit assessment process in place[71]. Asset Investment and Financial Assets - The Group experienced a segment loss from its assets investment business of approximately HK$31,631,000 for the year ended December 31, 2023, compared to a loss of HK$1,856,000 in 2022[108]. - Fair value loss on financial assets at fair value through profit or loss (FVTPL) was approximately HK$8,282,000 for the year ended December 31, 2023, up from HK$2,244,000 in 2022[109]. - The Group recorded fair value gains on financial assets at fair value through other comprehensive income (FVTOCI) of approximately HK$28,054,000 for the year ended December 31, 2023, compared to fair value losses of HK$40,277,000 in 2022[109]. - The Group disposed of 25,000 shares of World Biotech during the year ended December 31, 2023, resulting in a gain of approximately HK$335,000[129][132]. Shareholder and Equity Information - Shareholders' equity increased to approximately HK$317,506,000 as of December 31, 2023, from HK$296,239,000 in 2022[165]. - The Group's total assets were approximately HK$441,502,000, a decrease from HK$594,830,000 in 2022[160]. - The Group's borrowings repayable within one year were approximately HK$38,439,000, significantly reduced from HK$83,822,000 in 2022[160]. - The gearing ratio improved to 0.28 times as of December 31, 2023, compared to 0.50 times in 2022[161]. Future Outlook and Economic Conditions - Future economic uncertainties include the impact of quantitative tightening measures and geopolitical conflicts, which may affect domestic consumption and asset prices[28]. - The Group anticipates that the stabilization of the global pandemic situation will boost domestic consumption, although this may be offset by falling asset prices due to quantitative tightening measures[149].

Financial Performance - The company reported its annual performance for the year ending December 31, 2023[2]. - The report includes a comprehensive financial summary, detailing profit or loss and other comprehensive income[16]. - The Group recorded revenue of approximately HK$64,587,000 for the year ended December 31, 2023, a decrease of approximately 52% compared to HK$134,373,000 in 2022 due to the deemed disposal of Dynamic Indonesia Holdings Limited[22]. - Profit for the year ended December 31, 2023, was approximately HK$12,452,000, an increase from HK$9,925,000 in 2022, primarily due to a gain of approximately HK$72,145,000 from the disposal of Jixiang Information Technology (Shanghai) Co., Ltd.[34]. - Revenue from hospitality and related services in Australia was approximately HK$58,773,000, a decrease of approximately 8% from HK$63,834,000 in 2022, attributed to a reduction in occupied rooms due to renovation work[24]. - The Group's profit for the year ended December 31, 2023, was approximately HK$12,452,000, an increase from HK$9,925,000 in 2022, primarily due to a gain of approximately HK$72,145,000 from the deemed disposal of a subsidiary[48]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the information provided in the report[11]. - The company is committed to adhering to the GEM Listing Rules, ensuring transparency and accountability[14]. - The board consists of one non-executive director, two executive directors, and three independent non-executive directors[5]. - The independent auditor for the company is McMillan Woods (Hong Kong) CPA Limited[19]. Business Strategy and Operations - The Group's diversified business strategy includes hospitality services, network media services, money lending, and asset investments[23]. - The Group expects that the stabilization of the global pandemic situation and the removal of related restrictions will boost domestic consumption, although this may be offset by falling asset prices and economic uncertainties[35]. - The Group launched a new "Wellness Retreat" product/service in partnership with Endota Spa, the first of its kind in Yarra Valley, which includes wellness packages focused on nutrition and calming activities[39]. - The "Wine Club" introduced in April 2023 has acquired over 700 members, with expectations to grow to over 3,000 members in the next 24 months, contributing to additional income[39]. - Balgownie is positioned as an integrated resort-based travel destination, enhancing its appeal for leisure and event hosting[39]. Revenue and Income Sources - Interest income from the money lending business increased to approximately HK$5,709,000 in 2023 from HK$3,387,000 in 2022, due to an increase in loans granted[30]. - Income from administrative and management services significantly decreased from approximately HK$16,005,000 in 2022 to approximately HK$1,228,000 in 2023[34]. - The significant decrease in revenue from network media services was largely due to the Walletku Disposal in June 2022, which had a net gain of approximately HK$26,907,000 in 2022[29]. Financial Position and Assets - As of December 31, 2023, the Group's total assets were approximately HK$441,502,000, a decrease from HK$594,830,000 in 2022[167]. - The Group's cash and cash equivalents as of December 31, 2023, were approximately HK$6,569,000, down from HK$9,313,000 in 2022[167]. - Shareholders' equity increased to approximately HK$317,506,000 as of December 31, 2023, from HK$296,239,000 in 2022[172]. - The Group's borrowings repayable within one year were approximately HK$38,439,000 as of December 31, 2023, compared to HK$83,822,000 in 2022[167]. Investment and Market Performance - The Group experienced a segment loss from its assets investment business of approximately HK$31,631,000 for the year ended December 31, 2023, compared to a loss of HK$1,856,000 in 2022[115]. - Fair value loss on financial assets at fair value through profit or loss (FVTPL) was approximately HK$8,282,000 for the year ended December 31, 2023, up from HK$2,244,000 in 2022[116]. - The Group recorded fair value gains on financial assets at fair value through other comprehensive income (FVTOCI) of approximately HK$28,054,000 for the year ended December 31, 2023, compared to fair value losses of HK$40,277,000 in 2022[116]. Risk Management and Credit Assessment - The Group conducts credit assessments for potential borrowers to ensure their ability to repay loans, considering various financial factors[78]. - The credit committee overseeing the money lending business consists of two executive directors, ensuring prudent credit procedures are followed[79]. - The Group monitors loan recoverability based on the terms of the loan agreements, focusing on repayment irregularities[95]. Shareholder and Vendor Agreements - The total consideration for the Zhiqu Disposal is subject to adjustments based on the performance compensation agreement, ensuring accountability for the vendors[192]. - The vendors are required to compensate LEO with 18,166,915 Xu's Shares for the FY2016 shortfall, with no compensation required from the Group[198]. - The performance compensation agreement caps the Group's liabilities at the total consideration received, ensuring financial protection[195].

Financial Performance - For the nine months ended September 30, 2023, the Group reported revenue of HK$45,147,000, a decrease of 60.8% compared to HK$115,306,000 for the same period in 2022[86]. - The Group's profit for the period was HK$25,477,000, compared to a profit of HK$11,402,000 for the same period in 2022, representing a significant increase[86]. - The total comprehensive income for the period attributable to shareholders was HK$25,477,000, compared to a loss of HK$26,690,000 for the same period in 2022[88]. - Basic and diluted earnings per share for the nine months ended September 30, 2023, were HK$0.48, compared to HK$0.22 for the same period in 2022[88]. - The Group reported an impairment loss on contract assets and accounts receivable of HK$65,285,000 for the nine months ended September 30, 2023, compared to HK$78,879,000 in the same period of 2022[86]. - The Group's administrative expenses for the nine months ended September 30, 2023, were HK$65,285,000, compared to HK$78,879,000 for the same period in 2022, reflecting a reduction in operational costs[86]. - The Group's total revenue for the three months ended September 30, 2023, was HK$10,316,000, down from HK$22,993,000 in the same period of 2022[97]. - The Group's deferred tax for the period was recorded as zero, indicating no tax liabilities incurred during this timeframe[100]. - The Group did not recommend the payment of an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[101]. Investment and Asset Management - As of 30 September 2023, the Group recorded a fair value loss on financial assets at FVTPL of approximately HK$3,608,000 compared to a fair value gain of approximately HK$25,000 in 2022, primarily due to a decrease in the fair value of investments in listed equity securities in Hong Kong[1]. - The Group reported a fair value gain on financial assets at FVTOCI of approximately HK$28,238,000, a significant improvement from a fair value loss of approximately HK$40,993,000 in 2022, mainly attributed to the increase in the fair value of investments in LEO Group Co., Ltd.[1]. - The Group aims to optimize returns from its investment portfolios and create value for shareholders, maintaining its current investment portfolio unless strategic changes or opportunities arise[1]. - Following the loss of control over Jixiang on 31 May 2023, Jixiang was deconsolidated from the Group's financial statements, impacting the Group's overall asset management strategy[1]. - The Group's share of losses from associates changed from a profit of approximately HK$14,058,000 in 2022 to a loss of approximately HK$13,047,000 in 2023[116]. - The Group's financial results from Dynamic Indonesia Holdings ceased to be accounted for in its consolidated financial statements after the Walletku Disposal[135]. Shareholder Information - As of September 30, 2023, substantial shareholder Ng Ting Kit holds 670,280,000 shares, representing approximately 13.00% of the company[28]. - As of September 30, 2023, King's Group Capital Limited holds 288,800,000 shares, representing 5.60% of the total issued shares of 5,156,035,108[35][36]. - During the nine months ended September 30, 2023, the Group repurchased a total of 180,200,000 shares at an aggregate consideration of HK$17,076,460[52][53]. - A total of 180,200,000 shares were repurchased from May 22, 2023, to June 19, 2023, at a total consideration of HK$17,076,460[54]. - The highest price paid per share during the repurchase was HK$0.101, while the lowest was HK$0.083[54]. - The repurchased shares were subsequently cancelled on July 31, 2023[55]. - The maximum entitlement of each participant under the share option scheme is capped at 1% of the total issued shares in any 12-month period[43]. - No options were granted, exercised, cancelled, or lapsed under the existing share option scheme during the nine months ended September 30, 2023[49]. - As of September 30, 2023, there were no outstanding share options under the scheme[49]. Corporate Governance - The company has complied with the Corporate Governance Code provisions during the nine months ended September 30, 2023[60]. - The company is committed to good corporate governance practices to enhance transparency and disclosure quality[60]. - The company has adopted a code of conduct for Directors' securities transactions, ensuring compliance with GEM Listing Rules[59]. - The Board comprises one non-executive Director and two executive Directors, along with three independent non-executive Directors as of the report date[68]. - The Audit Committee, consisting of three independent non-executive Directors, reviewed the financial information for the nine months ended September 30, 2023[67]. - There were no changes in the information of Directors that required disclosure during the term of office[51]. Business Operations and Strategy - The group expects that the stabilization of the global pandemic and the recovery of the labor market will boost domestic consumption, although this may be offset by falling asset prices due to quantitative tightening measures[22]. - The group will continue to implement its business plans and strategies to enhance existing businesses and create value for shareholders[23]. - The Group's principal activities include hospitality services in Australia, network media services, money lending, and asset investments[115]. - The Group aims to regularly review and refine Balgownie's products and services to maintain market competitiveness[127]. - The Group plans to position Balgownie as an integrated resort destination, offering wellness retreats and event-hosting services, with a new restaurant capable of accommodating approximately 270 customers[126]. - A renovation agreement was entered into in July 2023 to improve Balgownie's facilities, which is expected to enhance competitiveness in the market[128]. - Balgownie has partnered with Endota Spa to enhance its offerings, with the day spa opened in June 2022, contributing to additional income through a revenue-sharing model[122]. - The new "Wellness Retreat" product/service launched in collaboration with the Spa Partner is expected to attract more customers to Balgownie[124]. Legal and Financial Liabilities - The outstanding principal amount of a loan to Jixiang is approximately RMB70,893,000 (equivalent to approximately HK$79,216,000), with additional claims including interest and liquidated damages totaling approximately RMB85,186,000 (equivalent to approximately HK$95,187,000) as of 18 November 2019[3]. - The total litigation costs related to the judgment amount to approximately RMB 473,000, with the borrower responsible for about RMB 465,000[9]. - The borrower is required to repay approximately RMB 71,000,000 in principal and related interest within ten days of the judgment, with total interest accrued of about RMB 1,000,000 from June 20, 2019, to September 16, 2019, and a 6% annual interest rate on the principal thereafter[9]. - The Group incurred finance costs of HK$5,081,000 for the nine months ended September 30, 2023, down from HK$6,910,000 in the same period of 2022, indicating improved cost management[86]. - The Group's revenue from other sources, including loan interest income and dividend income, totaled HK$4,215,000 for the nine months ended September 30, 2023, compared to HK$2,325,000 in 2022, reflecting a year-on-year increase[97]. - The Group recorded interest income of approximately HK$4,167,000 from its money lending business, an increase from approximately HK$2,306,000 in 2022, primarily due to an increase in loans granted[146]. - The Group will continue to monitor market conditions to develop its money lending business with prudent credit procedures[146].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 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公佈全部 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。 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8081） 二零二三年第三季度業績公佈 恆泰裕集團控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年九月三十日止九個月之未經審核 業績。本公佈載有本公司二零二三年第三季度報告全文，乃符合香港聯合交易 所有限公司GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公佈 之附載資料之相關要求。 代表董事會 恆泰裕集團控股有限公司 主席 吳廷浩 香港，二零二三年十一月十日 於本公佈日期，董事會成員包括(i)一名非執行董事，即吳廷浩先生；(ii)兩名執 ...

Financial Performance - For the six months ended June 30, 2023, the Group reported revenue of HK$34,270,000, a decrease of 65.8% compared to HK$100,041,000 for the same period in 2022[11]. - The Group achieved a profit before tax of HK$46,664,000 for the six months ended June 30, 2023, compared to HK$12,409,000 for the same period in 2022, indicating a substantial increase in profitability[11]. - The profit for the period was HK$46,664,000 for the six months ended June 30, 2023, compared to HK$12,409,000 for the same period in 2022, demonstrating a strong turnaround in financial performance[11]. - The total comprehensive income was HK$75,260,000, compared to a loss of HK$16,883,000 in the same period of 2022[13]. - The profit attributable to shareholders for the six months ended June 30, 2023, was HK$46,743,000, a significant increase from HK$12,885,000 in 2022, representing a growth of 263%[13]. - Earnings per share for the six months ended June 30, 2023, were HK$0.87, compared to HK$0.24 in the same period of 2022, reflecting a 262.5% increase[13]. Cost Management - The cost of sales for the six months ended June 30, 2023, was HK$4,835,000, down from HK$71,178,000 in the previous year, reflecting a significant reduction in operational costs[11]. - Administrative expenses decreased to HK$45,905,000 for the six months ended June 30, 2023, from HK$53,800,000 in the same period last year, indicating improved cost management[11]. - The Group's finance costs decreased to HK$3,933,000 for the six months ended June 30, 2023, down from HK$4,680,000 in the same period in 2022, indicating lower borrowing costs[11]. - Staff costs, including directors' emoluments, totaled HK$20,322,000 for the six months ended June 30, 2023, down from HK$23,512,000 in 2022, indicating a reduction of 13.5%[49]. Asset and Liability Management - Total current assets decreased to HK$156,841,000 as of June 30, 2023, from HK$257,817,000 at the end of 2022, a decline of 39%[16]. - Total current liabilities decreased significantly to HK$63,184,000 as of June 30, 2023, from HK$254,982,000 at the end of 2022, a reduction of 75%[18]. - Net current assets increased to HK$93,657,000 as of June 30, 2023, compared to HK$2,835,000 at the end of 2022, indicating a substantial improvement[18]. - The company recorded a decrease in trade and other payables from HK$101,501,000 at the end of 2022 to HK$28,487,000 as of June 30, 2023, a reduction of 72%[18]. - Interest-bearing bank borrowings decreased to HK$33,838,000 from HK$36,829,000, while interest-bearing other borrowings dropped significantly from HK$78,500,000 to HK$9,219,000, resulting in total borrowings of HK$43,057,000 compared to HK$115,329,000[99]. Investment Activities - The net cash flow from investing activities was HK$34,669,000 for the six months ended June 30, 2023, compared to HK$24,353,000 in 2022, indicating an increase in investment activities[25]. - The Group's investments in listed equity securities in the PRC were valued at approximately HK$91,701,000 as of December 31, 2022, but were deemed disposed of during the six months ended June 30, 2023[71]. - The Group's non-current portion of financial assets at fair value through profit or loss (FVTPL) decreased to HK$29,070,000 as of June 30, 2023, down from HK$49,455,000 at the end of 2022[67]. - The Group's investment portfolio mainly comprised securities issued by listed companies as of June 30, 2023[154]. Segment Performance - For the six months ended June 30, 2023, the total segment revenue was HK$34,270,000, with the hospitality segment contributing HK$31,562,000[38]. - The hospitality segment reported a profit of HK$544,000, while the money lending and assets investments segments incurred losses of HK$513,000 and HK$14,607,000 respectively[38]. - Revenue from hospitality and related services in Australia was HK$13,308,000 for the six months ended June 30, 2023, compared to HK$13,856,000 in 2022, reflecting a decline of 3.9%[45]. - Revenue from the segment of services through network media significantly decreased to approximately HK$43,000 in 2023 from HK$67,888,000 in 2022, primarily due to the Walletku Disposal[135]. Strategic Developments - The Group's principal activities include hospitality services in Australia, network media services, money lending, and asset investments[121]. - The Group plans to enhance Balgownie's offerings by regularly reviewing and refining its products, services, and interior design to maintain competitiveness[133]. - The Group expects to launch holistic or alternative healing spa experiences in 2023, pending approval from relevant authorities[127]. - A renovation agreement was entered into in July 2023 for Balgownie, with a third-party contractor set to carry out the renovation work[134]. Shareholder Information - The Group did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year where no dividend was declared[53]. - The total number of issued and fully paid shares remained at 5,336,235,108 as of June 30, 2023[107]. - The company repurchased 180,200,000 shares at a cost of HK$17,076,000 as of June 30, 2023[109]. Economic Outlook - The global economic conditions remain uncertain, influenced by factors such as quantitative tightening measures and geopolitical tensions, which may affect domestic consumption demand[192]. - The Group will continue to implement its business strategies to enhance competitiveness and create value for shareholders[193].

Financial Performance - The Group reported a revenue of HK$20,042,000 for the three months ended March 31, 2023, a decrease of 65.8% compared to HK$58,603,000 in the same period of 2022[6]. - The Group incurred a loss of approximately HK$11,096,000 for the period, a significant decline from a profit of approximately HK$3,566,000 in the prior year, primarily due to a change in share of results from associates[18]. - Total comprehensive income for the period was HK$19,984,000, compared to a total comprehensive loss of HK$15,683,000 in the same period of 2022[6]. - The loss attributable to shareholders for the period was HK$11,045,000, compared to earnings of HK$3,994,000 in the same period of 2022[152]. - Basic and diluted loss per share for the period was HK$0.21, compared to earnings of HK$0.07 per share in the same period of 2022[144]. Revenue Sources - Revenue from contracts with customers, including hospitality services and food and beverage sales, totaled HK$18,911,000, down 67.2% from HK$57,579,000 in the previous year[147]. - The Group's lending business generated interest income of approximately HKD 1,131,000 for the three months ended March 31, 2023, compared to HKD 1,024,000 in the same period of 2022, reflecting an increase due to a rise in loans issued[32]. - The Group's two platforms, providing micro-lending services and healthcare information, generated approximately HKD 24,000 in revenue for the three months ended March 31, 2023, compared to zero in the same period of 2022[29]. - Revenue from the network media services segment significantly decreased to approximately HK$24,000 from HK$42,788,000 in 2022, primarily due to the Walletku Disposal[163]. - Revenue from the hospitality and related services segment in Australia was approximately HK$18,887,000, an increase of approximately HK$4,096,000 or approximately 27.69% compared to HK$14,791,000 in 2022[160]. Investments and Partnerships - The Group has partnered with Endota Spa to provide day spa services, which is expected to enhance revenue through a percentage of the revenue generated by the Spa Partner[21]. - A new "Wellness Retreat" product/service was launched in collaboration with Endota Spa, featuring wellness packages that include nutrition and calming activities[21]. - The Group intends to maintain its investment portfolio unless there are changes in investment strategy or opportunities to realize existing investments arise[33]. - The Group's overall strategy includes optimizing returns from its investment portfolios and creating value for shareholders[33]. - Dynamic Indonesia Holdings issued a total of 2,000 subscription shares to the first subscriber for a total subscription price of USD 400,000, resulting in ownership stakes of approximately 55.65% and 44.35% for the first and second subscribers, respectively[28]. Operational Highlights - The Group's administrative expenses were HK$24,460,000, slightly higher than HK$24,181,000 in the same period of 2022, reflecting ongoing operational costs[6]. - The Group's hospitality business is focused on providing integrated resort-based travel experiences, including event hosting and dining services[45]. - Balgownie's occupancy rate improved to approximately 80% for the three months ended 31 March 2023, up from 77% in the same period in 2022[47]. - The new restaurant at Balgownie began accepting bookings in February 2022, with a maximum capacity of approximately 270 customers, aimed at enhancing the dining experience and expanding income streams through banquet services[45]. - The Group plans to regularly review and enhance Balgownie's products, services, and interior design to maintain market competitiveness[162]. Legal and Compliance - The Audit Committee reviewed the Group's unaudited condensed consolidated results for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[90]. - The Group's entities operating in Hong Kong are subject to a profits tax rate of 16.5%, with no provision made for the current period due to sufficient tax losses carried forward[149]. - The Group has not early adopted any new and revised HKFRSs that have been issued but are not yet effective[146]. - The company has complied with the Corporate Governance Code during the three months ended March 31, 2023[117]. - The company has adopted a code of conduct regarding Directors' securities transactions, with no reported non-compliance during the review period[116]. Future Outlook - The Group's future outlook remains uncertain, heavily influenced by the development of the pandemic and global economic conditions[66]. - The stabilization of the global pandemic situation and the recovery of the labor market are expected to boost domestic consumption demand[66]. - Positive effects on consumption demand may be offset by declines in general asset prices due to quantitative tightening measures and uncertainties from recent economic turmoil and the Russo-Ukrainian War[66]. - The Group will continue to implement its business plans and strategies to enhance existing businesses, aiming for sustainable value creation and investment returns for shareholders[95]. - The Group's management expects continued improvement in the resort's business for the second quarter of 2023[162].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 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公佈全部 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。 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8081） 二零二三年第一季度業績公佈 恆泰裕集團控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年三月三十一日止三個月之未經審 核業績。本公佈載有本公司二零二三年第一季度報告全文，乃符合香港聯合交 易所有限公司GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公 佈之附載資料。 代表董事會 恆泰裕集團控股有限公司 主席 吳廷浩 香港，二零二三年五月十二日 於本公佈日期，董事會成員包括(i)一名非執行董事，即吳廷浩先生；(ii)兩名執 ...

Revenue Generation - The Group generated approximately HK$16,005,000 in revenue from providing administrative and management services to its associate company, Hong Kong Health Check and Medical Diagnostic Centre Limited, during the year ended December 31, 2022[12]. - The Group recorded revenue of approximately HK$134,373,000 for the year ended 31 December 2022, a decrease of 93% compared to HK$1,799,501,000 in 2021 due to the disposal of its entire interest in Concord-Linked Limited and the deemed disposal of Dynamic Indonesia Holdings Limited[26]. - The Group recorded a revenue of approximately HK$63,834,000 in the hospitality and related services segment in Australia for the year, an increase from HK$37,457,000 in 2021[76]. - Revenue from Balgownie improved to approximately HK$63,834,000, up from HK$30,898,000 in 2021, primarily due to the relaxation of COVID-19 restrictions[76]. - Luck Key Group's revenue for the year amounted to approximately HK$410,754,000, representing an increase of approximately 33% compared to HK$308,956,000 in 2021[195]. Profit and Loss - The Group recognized a net gain on disposal of subsidiaries of approximately HK$26,907,000 for the year ended December 31, 2022, following the completion of the first tranche of a subscription agreement[16]. - The profit for the year ended 31 December 2022 was approximately HK$9,925,000, slightly down from HK$10,841,000 in 2021[26]. - The Group recorded a segment loss from its assets investment business of approximately HK$1,856,000 for the year ended December 31, 2022, compared to a segment profit of HK$9,739,000 in 2021[181]. - Profit attributable to shareholders for the year was approximately HK$29,576,000, a decrease from HK$49,707,000 in 2021[195]. Business Activities and Strategy - The Group's principal activities include mobile internet business, hospitality services in Australia, money lending, and asset investments[14]. - The Group's strategic focus includes leveraging partnerships to attract new customers in both leisure and corporate segments[11]. - The Group continues to adopt a diversified business development strategy despite the significant revenue decline[26]. - The Group's strategy includes potential market expansion through the development of new products and services in the digital finance sector[17]. - The Group plans to regularly review and refine its products and services to remain competitive in the market[88]. Hospitality and Wellness Services - The Group launched a new "Wellness Retreat" product/service in partnership with Endota Spa, which includes wellness packages and experiences such as nutrition, meditation, yoga, and pilates[11]. - The new restaurant at Balgownie reached a maximum capacity of approximately 270 customers, allowing the Group to provide banquet services and broaden its income stream[11]. - The Group aims to brand Balgownie as an integrated resort destination for travel and event hosting[11]. - The Group expects to launch holistic or alternative healing spa experiences in 2023, subject to approval from medical practitioners[11]. - Balgownie opened a new day spa in partnership with a Spa Partner, which is expected to generate additional income through rental and product sales[36]. Market Conditions and Recovery - The occupancy rate of Balgownie improved to approximately 75% in the year under review, up from approximately 44% in 2021[27]. - The Group's revenue from the hospitality business segment improved due to the gradual relaxation of COVID-19 restrictions by the Victorian Government[27]. - The Group's revenue from the hospitality sector is expected to improve as restrictions continue to ease and consumer confidence returns[51]. - The Group anticipates continued improvement in business conditions due to strong domestic tourism demand following the government's declaration of the end of the pandemic[137]. Legal and Financial Obligations - The Group is required to transfer 45,779,220 shares of Jixiang to LEO and assist with the acquisition and cancellation of these shares[95]. - The Group must pay LEO cash compensation of RMB9,626,612.92 and damages calculated as 9,626,612.92 x 3.85%/365 x B, where B is the number of days from December 4, 2019, to the date of full payment[95]. - The Group's financial position is under scrutiny due to the inability to settle the Arbitral Awards, raising concerns about its solvency[104]. - The Group's borrowing facilities were secured by freehold land and buildings valued at approximately HK$85,450,000 and financial assets at FVTOCI valued at approximately HK$91,701,000[119]. Investment and Asset Management - The Group's financial assets at FVTOCI decreased from approximately HK$137,978,000 in 2021 to HK$91,701,000 in 2022[119]. - The Group's significant securities investments as of December 31, 2022, included 45,779,220 shares in LEO, representing 0.68% of total assets, with a fair value of HK$91,701,000[184]. - The investment in World Biotech had a fair value of HK$49,455,000, representing 8.3% of total assets, with an unrealized gain of approximately HK$175,000[184]. - The Group completed the sale of 159,720 series B shares of Heals Healthcare (Asia) Limited for US$5,120,623 (approximately HK$39,838,000), representing a 7.69% equity interest[181]. Credit and Lending Operations - The Group's lending business is regulated under the Money Lenders Ordinance (Cap. 163) in Hong Kong, ensuring compliance with local laws[138]. - The Group's credit committee consists of two executive directors, ensuring that loan applications undergo thorough credit assessments before final approval[142]. - The Group's credit assessment process includes verification of identity, income, assets, and credit history[171]. - The Group's loan terms are influenced by prevailing interest rates, borrower backgrounds, and payment records[146]. Future Outlook and Strategic Goals - The Group's focus for 2023 includes maintaining operational resilience, remaining competitive, and exploring new opportunities amid geopolitical and macroeconomic uncertainties[198]. - The Group aims to enhance competitiveness and create long-term value through sustainable business strategies and operational plans[199]. - The Group is committed to supporting market and community prosperity and sustainability while implementing strategic plans[200].