Financial Performance - Hang Tai Yue Group Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[11]. - The Group recorded revenue of approximately HK$1,799,501,000 for the year ended 31 December 2021, representing a 71% increase compared to HK$1,050,847,000 in 2020[18]. - Profit attributable to shareholders was approximately HK$55,699,000, a significant recovery from a loss of approximately HK$72,697,000 in 2020[18]. - The Group reported a profit of approximately HK$10,841,000 for the year ended 31 December 2021, a turnaround from a loss of approximately HK$104,436,000 in 2020, primarily due to a 64% increase in revenue from approximately HK$109,966,000 in 2020 to approximately HK$180,762,000 in 2021[46]. - Revenue from the mobile internet cultural business and IT services reached approximately HK$1,755,272,000 in 2021, representing a growth of approximately 73% compared to HK$1,014,554,000 in 2020[46]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[11]. - The company plans to enter two new markets in Southeast Asia by the end of the next fiscal year, aiming to capture an additional 10% market share[11]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase market presence by 20%[11]. - The Group aims to leverage its competitive advantages to enhance existing businesses and create value for shareholders[40]. - The Group plans to expand its Walletku payment application and e-commerce platform in Indonesia, capitalizing on the country's large unbanked population and growing smartphone penetration[175]. Operational Improvements - Investment in research and development increased by 15%, focusing on innovative technologies to enhance product offerings[11]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[11]. - The company has set a target to reduce operational costs by 10% through efficiency improvements in the supply chain[11]. - The Group aims to maintain operational resilience and explore new opportunities amid geopolitical and macroeconomic uncertainties[179]. Customer Engagement and Retention - The company’s user base expanded to 500,000 active users, marking a 40% increase year-over-year[11]. - Customer retention rate reached 85%, indicating strong brand loyalty and satisfaction among users[11]. Impact of COVID-19 - The Group's hospitality services in Australia were impacted by COVID-19, with Balgownie remaining open for most of the year despite several lockdowns[26]. - The Group's resorts were closed for several periods due to COVID-19, but Balgownie remained open for most of 2021, contributing to improved revenue[87]. - The ongoing pandemic situation has necessitated the implementation of new strategies to adapt to changing market conditions and consumer behavior[104]. Financial Health and Assets - As of December 31, 2021, the Group's total assets were approximately HK$657,894,000, a decrease from HK$1,134,050,000 in 2020[181]. - The Group's cash and cash equivalents were approximately HK$10,839,000, down from HK$89,480,000 in 2020[181]. - The Group's borrowings repayable within one year were approximately HK$86,827,000, significantly reduced from HK$277,205,000 in 2020[181]. - The gearing ratio improved to 0.52 times as of December 31, 2021, compared to 0.77 times in 2020[185]. - The net debt-to-equity capital ratio decreased to 0.80 times from 2.36 times in 2020[185]. Investment and Asset Management - The Group's investment strategy includes monitoring loan repayments and engaging legal advisers if necessary for recovery of loans[127]. - The Group's internal control procedures ensure that loans are only granted to borrowers with sound credit history and sufficient collateral[127]. - The Group plans to maintain its existing investment portfolio unless there are changes in investment strategy or opportunities to realize existing investments arise[165]. New Product Development - Plans for launching a new product line in Q3 2022 are underway, expected to contribute an additional HKD 50 million in revenue[11]. - The group plans to launch a new "Wellness Retreat" product/service in partnership with Endota Spa by the end of Q2 2022, targeting leisure and corporate segments[73]. - The new wellness offerings will include comprehensive treatments, healthy dining options, and mindfulness activities, aimed at attracting more customers[75]. Challenges and Adjustments - The Group faced a significant decline in bookings across Victoria due to ongoing restrictions, leading to underperformance in hospitality services for the financial years ended December 31, 2020, and 2021[104]. - The Group incurred significant human resources costs to retain and recruit IT professionals due to strong market demand, which outpaced revenue growth[52]. - The Group's operations were affected by the fluctuating restrictions, with multiple closures and reopenings throughout 2020 and 2021[104].

Financial Performance - The Group reported revenue of HK$1,335,991,000 for the nine months ended September 30, 2021, compared to HK$607,292,000 for the same period in 2020, representing an increase of approximately 120%[11]. - The loss for the period was HK$93,424,000 for the nine months ended September 30, 2021, compared to a loss of HK$85,147,000 for the same period in 2020, indicating a slight increase in losses[13]. - The Group's total comprehensive expense for the period was HK$120,665,000 for the nine months ended September 30, 2021, compared to HK$90,838,000 for the same period in 2020, reflecting an increase of approximately 33%[15]. - Basic and diluted loss per share was HK$1.19 for the nine months ended September 30, 2021, compared to HK$1.05 for the same period in 2020, indicating a deterioration in per-share performance[15]. - The Group's total comprehensive expense attributable to shareholders was HK$91,634,000 for the nine months ended September 30, 2021, compared to HK$61,734,000 for the same period in 2020, indicating an increase of approximately 48%[15]. - The Group reported a loss attributable to shareholders of approximately HK$93,424,000 for the nine months ended 30 September 2021, compared to a loss of HK$85,147,000 in the same period of 2020, representing an increase in loss of approximately 3.5%[41]. - The total comprehensive loss for the period was approximately HK$120,665,000, compared to HK$90,838,000 in the previous year[41]. Revenue Breakdown - Total revenue, other income, and gains for the nine months ended 30 September 2021 reached HK$1,347,375,000, a significant increase from HK$618,563,000 in the same period of 2020, representing a growth of approximately 117.5%[22]. - Revenue from IT contract services and maintenance services amounted to HK$1,206,212,000 for the nine months ended 30 September 2021, compared to HK$580,694,000 in 2020, reflecting a growth of about 107.5%[22]. - Revenue from hospitality and related services was HK$95,917,000 for the nine months ended 30 September 2021, with no revenue reported in the same period of 2020[22]. - Loan interest income for the nine months ended 30 September 2021 was HK$5,395,000, compared to HK$1,059,000 in 2020, indicating a substantial increase[22]. - The company reported a total of HK$11,384,000 in other income and gains for the nine months ended 30 September 2021, slightly up from HK$11,271,000 in 2020[22]. Expenses and Costs - The Group incurred finance costs of HK$10,485,000 for the nine months ended September 30, 2021, down from HK$21,637,000 in the same period of 2020, showing a reduction of approximately 52%[13]. - The Group's administrative expenses were HK$212,603,000 for the nine months ended September 30, 2021, compared to HK$140,871,000 for the same period in 2020, representing an increase of approximately 51%[13]. - The Group incurred substantial human resources costs to retain existing employees and recruit new staff due to increased service demand, leading to a growth in salaries and benefits that outpaced revenue growth[47]. Investment and Financial Assets - The fair value losses on financial assets at fair value through profit or loss were HK$147,000 for the nine months ended September 30, 2021, compared to losses of HK$9,675,000 in the same period of 2020, indicating a significant improvement[13]. - The Group recorded fair value losses on financial assets at FVTOCI of approximately HK$33,179,000 for the nine months ended September 30, 2021, compared to HK$4,969,000 in 2020[77]. - The Group's investment portfolio mainly comprised securities issued by listed companies as of September 30, 2021[77]. - The Group aims to optimize returns from its investment portfolios and create value for shareholders[79]. Corporate Governance and Compliance - The Group's unaudited condensed consolidated results for the nine months ended 30 September 2021 have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[145]. - The Company has adopted a code of conduct regarding Directors' securities transactions, with no non-compliance reported during the review period[138]. - The Audit Committee consists of four independent non-executive Directors as of the date of the report, ensuring effective oversight of financial reporting and internal controls[143]. - The Company has complied with the Corporate Governance Code provisions during the nine months ended 30 September 2021, promoting transparency and quality of disclosure[140]. Business Operations and Strategy - The Group's principal activities include mobile internet cultural business, IT services, hospitality services in Australia, money lending, and asset investments[40]. - The Group commenced retail commerce through network media after acquiring 51% of TNG Indonesia Holdings Limited for US$1,000,000 (approximately HK$7,800,000) on 9 March 2021[48]. - The Group is actively exploring investment opportunities to diversify its business, including the operation of retail commerce through network media after acquiring 51% of TNG Holdings[113]. - The Group is also looking into developing and operating microlending FinTech platforms in Hong Kong and Southeast Asia, including Indonesia, to further diversify its business[115]. Impact of COVID-19 - The Group's operations were impacted by multiple lockdowns throughout 2021, including a sixth lockdown announced on August 5, 2021[66]. - The Group plans to adapt to ongoing restrictions for unvaccinated individuals expected to continue throughout 2022[66]. - Domestic tourism demand in Regional Victoria increased since Q1 2021, despite the five-day lockdown in February 2021[66]. Shareholder Information - As of September 30, 2021, Mr. Ng holds 763,780,000 ordinary shares, representing approximately 14.31% of the total issued shares[118]. - The total issued shares as of September 30, 2021, is 5,336,235,108 shares[118]. - The maximum number of shares that may be issued under the existing share option scheme is 533,623,510 shares, representing approximately 10% of the issued share capital[122].

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立並於百慕達存續之有限公司) (Stock Code 股份代號: 8081) INTERIM REPORT 中期報告 2021 Chairman CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of i ...

Financial Performance - For the three months ended March 31, 2021, the Group reported revenue of HK$378,555,000, an increase from HK$159,750,000 in the same period of 2020, representing a growth of 136.5%[12] - The Group incurred a loss before tax of HK$46,624,000, an improvement compared to a loss of HK$54,406,000 in the prior year, indicating a reduction in loss of approximately 14.5%[14] - Total comprehensive income for the period was a loss of HK$44,904,000, compared to a loss of HK$14,494,000 in the same period last year, reflecting a decline in overall performance[14] - The loss attributable to shareholders was HK$32,914,000, slightly better than the loss of HK$34,745,000 reported in the previous year, showing a decrease in loss of about 5.0%[16] - Basic and diluted loss per share for the period was HK$0.62, compared to HK$0.65 in the same period of 2020, indicating a minor improvement in per-share loss[16] - Other comprehensive income for the period included an exchange gain of HK$8,261,000, contrasting with an exchange loss of HK$6,751,000 in the previous year[14] - The Group's total comprehensive income attributable to non-controlling interests was a loss of HK$12,904,000, compared to a loss of HK$18,230,000 in the same period last year, indicating a reduction in loss of approximately 29.0%[16] - Total revenue, other income, and gains for the three months ended March 31, 2021, amounted to HK$381,028,000, a significant increase from HK$163,556,000 in the same period of 2020, representing a growth of 132.9%[21] - Revenue from contracts with customers reached HK$376,266,000 for the three months ended March 31, 2021, compared to HK$159,458,000 in 2020, indicating an increase of 135.5%[21] Operational Highlights - The Group's IT services business experienced a significant recovery in operational efficiency after the COVID-19 pandemic was brought under control in early 2020[42] - The Group faced operational challenges due to COVID-19 restrictions, impacting revenue generation despite a recovery in domestic tourism[56] - The reconstruction of Balgownie's restaurant and cellar door, destroyed by fire, is expected to be completed in the third quarter of 2021[56] - The Group has insurance coverage for the reconstruction of the facilities at Balgownie[56] - The Group's hospitality segment in Australia generated revenue of approximately HK$14,740,000, down from HK$19,589,000 in 2020[51] - The decline in hospitality revenue was primarily due to the disposal of Bellinzona Resort in June 2020 and reduced service capacity at Balgownie following a fire[52] Investment and Strategic Initiatives - The Group commenced retail commerce operations through network media after acquiring 51% of TNG Indonesia Holdings Limited for US$1,000,000 (approximately HK$7,800,000) on March 9, 2021[46] - The Group is exploring business opportunities in developing FinTech platforms for microlending in Hong Kong and Southeast Asia, particularly Indonesia[94][97] - The Group plans to diversify its operations by providing medical services in Hong Kong[95][98] - The Group has identified investment opportunities to diversify its businesses, including the operation of retail commerce through network media after acquiring 51% of TNG Holdings[94][97] Financial Position and Equity - The Group's accumulated losses as of March 31, 2021, amounted to HK$809,596,000[34] - The Group's total equity as of March 31, 2021, was HK$209,802,000[34] - The Group's investment portfolio primarily consists of securities issued by listed companies as of 31 March 2021[74] Governance and Compliance - The Company has complied with the Corporate Governance Code provisions during the three months ended March 31, 2021[124] - The Audit Committee consists of three independent non-executive Directors, ensuring compliance with GEM Listing Rules and maintaining financial oversight[125] - The Group's unaudited condensed consolidated results for the three months ended March 31, 2021, have been reviewed and deemed compliant with applicable accounting standards and GEM Listing Rules[130] - The Board comprises three executive Directors and three independent non-executive Directors, ensuring a balanced governance structure[131] Shareholder Information - As of March 31, 2021, no Directors or chief executives had interests in the Company's shares or associated corporations[96][99] - Substantial shareholders had long positions in the Shares as recorded in the register required under the Securities and Futures Ordinance[101] - As of March 31, 2021, Cheng Hei Yu holds 2,376,907,973 ordinary shares, representing 44.54% of the total issued shares of 5,336,235,108[102] - The Company has adopted a share option scheme allowing the Board to grant options to eligible participants, with a maximum entitlement of 1% of the aggregate number of shares issued in any 12-month period[104] - The maximum number of shares that may be issued upon exercise of all options under the existing scheme is 533,623,510 shares, representing approximately 10% of the issued share capital as of the report date[107] - No options have been granted under the existing scheme limit during the three months ended March 31, 2021[107] - There were no share options outstanding, granted, exercised, cancelled, or lapsed under the scheme as of January 1, 2021, and March 31, 2021[113] - The Company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2021[115]

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立並於百慕達存續之有限公司) (Stock Code 股份代號: 8081) ANNUAL REPORT 年 報 2020 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a high investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in s ...

Financial Performance - For the nine months ended September 30, 2020, the Group reported revenue of HK$607,292,000, an increase from HK$465,615,000 in the same period of 2019, representing a growth of approximately 30.3%[14] - The loss for the period was HK$85,147,000, compared to a loss of HK$56,664,000 for the same period in 2019, indicating a decline in performance[14] - The total comprehensive expense for the period attributable to shareholders was HK$61,734,000, compared to HK$29,104,000 in the previous year, reflecting a significant increase in losses[16] - Basic and diluted loss per share for the nine months ended September 30, 2020, was HK$1.05, compared to HK$0.92 for the same period in 2019[16] - For the three months ended September 30, 2020, the Group's revenue was HK$255,456,000, up from HK$163,230,000 in the same quarter of 2019, marking a growth of approximately 56.5%[14] - The loss for the three-month period was HK$14,280,000, compared to a loss of HK$27,329,000 in the same quarter of 2019, showing an improvement in quarterly performance[14] - The total comprehensive expense for the three months ended September 30, 2020, was HK$64,338,000, compared to HK$41,566,000 in the same quarter of 2019, indicating a worsening of comprehensive losses[16] - Total revenue for the nine months ended September 30, 2020, was HK$618,563,000, an increase of 31.7% from HK$469,673,000 in the same period of 2019[22] - The loss attributable to the Shareholders for the nine months ended 30 September 2020 was approximately HK$56,005,000, compared to HK$48,988,000 in 2019, representing an increase in loss of approximately 20.6%[40] - Revenue for the nine months ended 30 September 2020 increased to approximately HK$607,292,000 from HK$465,615,000 in 2019, reflecting a growth of approximately 30.4%[40] Revenue Sources - Revenue from IT contract services and maintenance services was HK$580,694,000 for the nine months ended September 30, 2020, compared to HK$395,770,000 in 2019, reflecting a growth of 46.6%[22] - Revenue from hospitality services in Australia decreased to HK$10,838,000 in 2020 from HK$31,173,000 in 2019, a decline of 65.2%[22] - The Group's total revenue from other sources, including dividend income, was HK$1,059,000 for the nine months ended September 30, 2020, compared to HK$1,329,000 in 2019[22] - The Group recorded revenue of approximately HK$25,539,000 for the hospitality and related services segment in Australia, a decline from HK$68,516,000 in 2019, representing a decrease of approximately 62.7%[56] Operational Challenges - The adverse impact of the COVID-19 pandemic affected the Group's ability to deliver IT services, particularly in the first quarter of 2020, due to staff quarantines[40] - The group faced operational challenges due to COVID-19, impacting the ability to fulfill IT service orders in the first quarter of 2020[42] - The Group suspended operations of the Resorts on March 30, 2020, due to COVID-19 restrictions, with partial resumption occurring in June 2020[60] - The resurgence of COVID-19 cases led to the reintroduction of Stage 3 restrictions in Victoria, impacting the operation of the Resorts and resulting in a significant decline in bookings[60] - The decline in revenue and occupancy rates is expected to continue until at least the first quarter of 2021 due to ongoing economic challenges and pandemic-related restrictions[61] Cost Management - The administrative expenses for the nine months were HK$140,871,000, compared to HK$146,797,000 in the same period of 2019, indicating a reduction in costs[14] - The increase in salaries and benefits for technical staff during the nine months ended 30 September 2020 was attributed to the expansion of the Group's IT business, which outpaced revenue growth[40] - The Group's IT services faced increased operational costs due to hiring for business expansion, which outpaced revenue growth[42] Investments and Disposals - The Group completed the disposal of the Bellinzona Resort, its worst-performing resort, in August 2020 to reallocate resources to the Balgownie Estate Vineyard Resort & Spa Yarra Valley[89] - The Group entered into two sale and purchase agreements for the Bellinzona Disposals with an aggregate consideration of AUD3,575,000 (approximately HK$19,135,000) due to declining demand for the Bellinzona Resort services[65] - The carrying amount of the investment in Something Big Group was reduced to zero as of September 30, 2020, due to accumulated losses exceeding the investment value[47] Corporate Governance - The company has adopted a code of conduct regarding Directors' securities transactions, compliant with GEM Listing Rules, with no reported non-compliance during the review period[110] - The company has adhered to the Corporate Governance Code, enhancing transparency and quality of disclosure during the nine months ended September 30, 2020[120] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the nine months ended September 30, 2020, confirming compliance with applicable accounting standards and GEM Listing Rules[118] - The company is committed to good corporate governance practices, promoting effective internal control[116] Future Outlook - The Group plans to reallocate resources to the development of the Balgownie Estate Vineyard Resort & Spa Yarra Valley, which is expected to recover more rapidly due to its competitive advantages[65] - The Group is actively identifying investment opportunities to diversify its business amidst the ongoing pandemic[91] - The company is actively seeking investment opportunities to diversify its business in response to the adverse impacts of the COVID-19 pandemic[95] - The Group will continue to monitor the COVID-19 situation and take proactive measures to mitigate its adverse impacts on business[91]

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立並於百慕達存續之有限公司) (Stock Code 股份代號: 8081) INTERIM REPORT 中期報告 2020 Chairman CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of i ...

Financial Performance - Revenue for the three months ended March 31, 2020, was HK$159,750,000, an increase of 5.9% compared to HK$150,961,000 for the same period in 2019[14] - Loss for the period attributable to shareholders was HK$34,745,000, compared to a loss of HK$11,081,000 in the same period of 2019, representing a significant increase in losses[16] - Total comprehensive income for the period was a loss of HK$14,494,000, contrasting with a gain of HK$26,213,000 in the previous year[14] - Basic and diluted loss per share was HK$0.65, compared to HK$0.21 for the same period in 2019, indicating a deterioration in earnings per share[16] - The Group reported a loss before tax of HK$54,406,000, compared to a loss of HK$11,081,000 in the previous year, highlighting a worsening financial performance[14] - Administrative expenses for the period were HK$57,415,000, up from HK$46,773,000 in the same period last year, indicating increased operational costs[14] - The Group reported a loss attributable to shareholders of HK$34,745,000 for the three months ended March 31, 2020, compared to a loss of HK$11,081,000 in the same period of 2019, indicating a significant increase in losses[29] Revenue Breakdown - Total revenue, other income, and gains for the three months ended March 31, 2020, amounted to HK$163,556,000, representing an increase of 7.8% compared to HK$152,053,000 for the same period in 2019[22] - Revenue from contracts with customers was HK$159,458,000 for the three months ended March 31, 2020, compared to HK$150,480,000 in 2019, reflecting a growth of 5.2%[22] - The Group's revenue from hospitality and related services decreased to HK$9,001,000 in 2020 from HK$11,681,000 in 2019, a decline of 23.0%[22] - The Group's revenue from food and beverage sales in the hotel business decreased to HK$10,588,000 in 2020 from HK$14,045,000 in 2019, a decline of 24.7%[22] - The mobile internet cultural business and IT services recorded revenue of approximately HK$139,869,000, a growth of approximately 12.1% compared to HK$124,754,000 in 2019[38] Other Comprehensive Income - Other comprehensive income for the period, net of tax, was HK$39,912,000, compared to HK$37,294,000 in the previous year, showing an increase in other comprehensive gains[14] - Fair value gain on financial assets at fair value through other comprehensive income was HK$46,663,000, compared to HK$38,837,000 in the previous year, reflecting positive performance in financial investments[14] - The Group recorded a fair value loss on financial assets at FVTPL of approximately HK$143,000 for the three months ended 31 March 2020, compared to a fair value gain of approximately HK$957,000 in 2019[53] - The fair value gain on financial assets at FVTOCI was approximately HK$46,663,000 for the three months ended 31 March 2020, an increase from HK$38,837,000 in 2019, representing a growth of approximately 20.5%[53] Impact of COVID-19 - The COVID-19 pandemic adversely affected the Group's ability to deliver IT services, impacting operational efficiency due to staff quarantines[38] - The COVID-19 pandemic has significantly impacted the Group's mobile internet cultural business and IT services, leading to cash flow pressure and lower than expected demand for IT services[64][65] - The demand for resort services in Australia has substantially decreased and is expected to continue declining until Q3 2020 due to COVID-19 restrictions[66][68] - The Group plans to resume resort operations in stages as restrictions are lifted and it becomes economically viable, with a focus on reallocating resources to the Balgownie Estate Vineyard Resort & Spa Yarra Valley for a quicker recovery[66][68] Strategic Initiatives - The Company continues to focus on strategic initiatives to improve financial performance and market position amid challenging conditions[12] - The Group is actively seeking investment opportunities to diversify its business in response to the ongoing impacts of COVID-19[70][76] Governance and Compliance - The Audit Committee reviewed the Group's unaudited condensed consolidated results for the three months ended March 31, 2020, and confirmed compliance with applicable financial reporting standards and GEM Listing Rules[100] - The Company has adopted a code of conduct regarding Directors' securities transactions, with no non-compliance reported during the review period[93] - The Company complied with the Corporate Governance Code provisions during the three months ended March 31, 2020[94] - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and internal controls[99] Shareholder Information - As of March 31, 2020, Cheng Hei Yu holds a beneficial ownership of 3,765,987,973 shares, representing approximately 70.57% of the company[74] - The Company had no shareholders or other persons with interests in the Shares that required disclosure as of March 31, 2020[84] - As of March 31, 2020, there were no outstanding share options granted under the share option scheme[81] - The Board consists of three executive Directors and three independent non-executive Directors[103]

Financial Performance - The Group reported revenue of HK$465,615,000 for the nine months ended September 30, 2019, compared to HK$339,124,000 for the same period in 2018, representing a year-over-year increase of approximately 37.3%[11]. - The loss for the period attributable to shareholders of the Company was HK$48,988,000 for the nine months ended September 30, 2019, compared to a loss of HK$17,535,000 for the same period in 2018, indicating a significant increase in losses[15]. - The total comprehensive loss for the period was HK$49,375,000 for the nine months ended September 30, 2019, compared to HK$73,167,000 for the same period in 2018, showing an improvement in overall loss[15]. - The loss per share for the nine months ended September 30, 2019, was HK$0.92, compared to HK$0.33 for the same period in 2018, reflecting a deterioration in per-share performance[15]. - For the three months ended September 30, 2019, the Group reported a revenue of HK$163,230,000, up from HK$116,797,000 in the same period of 2018, marking a growth of approximately 39.7%[13]. - The loss for the three months ended September 30, 2019, was HK$27,329,000, compared to a loss of HK$16,808,000 for the same period in 2018, indicating a worsening of quarterly performance[15]. - The total comprehensive loss for the three months ended September 30, 2019, was HK$41,566,000, compared to HK$30,565,000 for the same period in 2018, indicating an increase in comprehensive losses[15]. - The total comprehensive loss for the period ended September 30, 2019, was HK$72,026,000, compared to HK$54,491,000 for the same period in 2018, indicating a significant increase in comprehensive loss[38]. - The accumulated losses as of September 30, 2019, amounted to HK$610,486,000, reflecting a deterioration from HK$255,955,000 as of the previous year[38]. - The total equity attributable to shareholders at September 30, 2019, was HK$395,776,000, down from HK$578,508,000 at the same time in 2018[38]. Revenue Breakdown - Revenue from mobile internet cultural business and IT services amounted to HK$395.8 million for the nine months ended September 30, 2019, compared to HK$256.9 million in 2018, reflecting a growth of 54.2%[23]. - Revenue from hospitality and related services in Australia was HK$68.5 million for the nine months ended September 30, 2019, a decrease of 13.4% from HK$79.3 million in 2018[23]. - The Group's revenue for the three months ended September 30, 2019, was HK$163.2 million, up 39.7% from HK$116.8 million in the same period of 2018[23]. - The Group recorded revenue of approximately HK$68,516,000 for the hospitality segment in Australia, a decline from HK$79,313,000 in 2018, attributed to a drop in average occupancy rate from 61% to 58%[62]. Expenses and Costs - The Group's employee benefits expenses for the nine months ended September 30, 2019, amounted to HK$87,514,000, compared to HK$78,121,000 in 2018, reflecting a rise of approximately 12.3%[13]. - The finance costs for the nine months ended September 30, 2019, were HK$13,655,000, compared to HK$7,114,000 for the same period in 2018, indicating an increase of approximately 92.5%[13]. - Cost of inventories sold/services rose to approximately HK$366,610,000, up from HK$232,720,000 in 2018, primarily due to increased salaries and benefits for technical staff[41]. Investment and Financial Strategy - The Group's investment portfolio primarily consists of securities issued by listed companies, with unrealised fair value losses on financial assets at FVTPL of approximately HK$452,000, contrasting with a gain of HK$2,158,000 in 2018[64]. - The Group recorded interest income of approximately HK$1,297,000 from its money lending business, an increase from HK$1,012,000 in 2018, indicating growth in this segment[63]. - The Group plans to continue holding its investment portfolio unless there are changes in investment strategy or opportunities to realize existing investments arise[71]. - The Group is committed to a diversified business development strategy and will carefully select investments to secure better returns for shareholders[98][100]. Legal and Compliance Matters - The Group is currently involved in arbitration proceedings initiated by LEO regarding the unsettled FY2017 compensation, with a hearing held on September 24, 2019[84]. - The Group has been advised that it has a good chance to contest LEO's demand for the unsettled FY2017 compensation in arbitration[84]. - The total cash compensation cap for the Group under the Performance Compensation Agreement is RMB 25,510,009[77]. - The Group is required to return cash dividends of approximately RMB 506,000 received from LEO to a designated account due to insufficient shares to settle FY2017 compensation[83]. Corporate Governance - The Company has complied with the Corporate Governance Code during the nine months ended September 30, 2019, except for the deviation regarding the separation of the roles of chairman and CEO[109]. - The CEO position was vacant from November 22, 2017, until June 4, 2019, when Ms. Lam Ching Yee was appointed[110]. - The Audit Committee consists of three independent non-executive Directors, ensuring compliance with GEM Listing Rules and adequate financial reporting[114]. - The unaudited condensed consolidated results for the nine months ended September 30, 2019, were reviewed by the Audit Committee, confirming compliance with applicable accounting standards[115].

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立並於百慕達存續之有限公司) (Stock Code 股份代號: 8081) INTERIM REPORT 中期報告 2019 Chairman | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...