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） 8081 （股份代號： ） 截至二零二二年十二月三十一日止年度 全年業績公佈 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二零二二年十二月三十一日止年度之全年業績。本公佈載有本公司 GEM GEM 二零二二年年度報告全文，乃符合香港聯合交易所有限公司 證券上市規則（「 上市規 則」）中有關全年業績初步公佈附載資料之相關要求。 承董事會命 恆泰裕集團控股有限公司 主席 吳廷浩 ...

Financial Performance - For the nine months ended September 30, 2022, the Group reported revenue of HK$115,306,000, a decrease from HK$1,335,991,000 in the same period of 2021, representing a decline of approximately 91.4%[12] - The Group's profit before tax for the three months ended September 30, 2022, was HK$11,402,000, compared to a loss of HK$93,424,000 in the same period of 2021[12] - The total comprehensive income for the period attributable to shareholders was a loss of HK$26,097,000 for the nine months ended September 30, 2022, compared to a loss of HK$91,634,000 in the same period of 2021[14] - Basic earnings per share for the nine months ended September 30, 2022, was HK$0.22, compared to a loss per share of HK$1.19 in the same period of 2021[14] - The Group recorded other comprehensive income for the period of HK$38,092,000, compared to HK$27,241,000 in the same period of 2021[14] - The Group's total revenue, other income, and gains for the three months ended September 30, 2022, was HK$22,993,000, a decrease from HK$482,743,000 in 2021[25] - The Group reported a profit of approximately HK$11,402,000 for the nine months ended 30 September 2022, a turnaround from a loss of approximately HK$93,424,000 in the same period of 2021[43] - The Group's total equity as of 30 September 2022 was HK$295,844,000, compared to HK$207,224,000 as of 30 September 2021[40] Revenue Breakdown - Total revenue for the nine months ended September 30, 2022, was HK$131,309,000, a decrease of 90.3% compared to HK$1,347,375,000 for the same period in 2021[25] - Revenue from IT services and maintenance was HK$1,206,212,000 in 2021, with no revenue reported for 2022[25] - Revenue from retail commerce through network media decreased to HK$67,888,000 in 2022 from HK$95,917,000 in 2021, representing a decline of 29.2%[25] - Hospitality and related services revenue increased to HK$19,974,000 in 2022 from HK$13,978,000 in 2021, marking a growth of 43.0%[25] - Revenue from the mobile internet business segment decreased by approximately 95%, totaling approximately HK$67,888,000 compared to HK$1,302,129,000 in 2021[44] - Revenue from the hospitality and related services segment in Australia was approximately HKD 45,093,000, up from HKD 28,467,000 in 2021, reflecting a significant recovery[74] - Balgownie’s revenue increased to approximately HKD 45,093,000 from HKD 21,862,000 in 2021, primarily due to the gradual easing of restrictions by the Victorian Government[74] Cost Management - The Group's administrative expenses for the nine months ended September 30, 2022, were HK$78,879,000, compared to HK$212,603,000 in the same period of 2021, indicating a reduction of approximately 62.9%[12] - The finance costs for the nine months ended September 30, 2022, were HK$6,910,000, compared to HK$21,637,000 in the same period of 2021, reflecting a decrease of approximately 68.1%[12] - The Group's loss on disposals of financial assets at fair value through profit and loss was HK$9,034,000 for the nine months ended September 30, 2022[12] Dividends and Taxation - The Group did not recommend the payment of an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[29] - The Group's entities 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[28] - The Group's entities operating in the PRC, Australia, and Indonesia are subject to tax rates of 15% or 25%, 30%, and 22%, respectively[28] Strategic Developments - The Group's principal activities included mobile internet business, hospitality services in Australia, money lending, and asset investments[42] - The Group's new strategy includes expanding its digital wallet services through the Walletku application in Indonesia, which facilitates online and offline payments[56] - The Group plans to introduce a "Wellness Retreat" product/service in collaboration with Endota Spa, expected to launch in Q4 2022, featuring wellness packages and experiences[63][65] - The Group aims to maintain financial health and resilience amid global economic uncertainties and geopolitical tensions[113] - The Group will continue to implement its business plans and strategies to enhance existing businesses and create shareholder value[120] Corporate Governance - The Group's unaudited condensed consolidated results for the nine months ended 30 September 2022 have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[159] - The Company has complied with the Corporate Governance Code provisions during the nine months ended 30 September 2022[157] - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and internal controls[157] - The Company is committed to good corporate governance practices to enhance transparency and internal control[157] Shareholder Information - As of September 30, 2022, Mr. Ng holds 763,780,000 shares, representing 14.31% of the total issued shares[126] - Mr. Ng also has an interest in a controlled corporation, King's Group Capital Limited, which holds 345,660,000 shares, accounting for 6.48%[126] - The total issued shares as of September 30, 2022, is 5,336,235,108 shares[131] - No share options were granted under the existing scheme limit during the nine months ended September 30, 2022[140]

Financial Performance - The Group reported revenue of HK$100,041,000 for the six months ended June 30, 2022, a decrease of 88.3% compared to HK$856,632,000 in the same period of 2021[10]. - The profit before tax for the six months ended June 30, 2022, was HK$12,409,000, compared to a loss of HK$64,501,000 in the same period of 2021[10]. - The Group's total comprehensive income for the period attributable to shareholders was a loss of HK$16,883,000, compared to a loss of HK$99,438,000 in the same period of 2021[12]. - Basic earnings per share for the six months ended June 30, 2022, was HK$0.24, compared to a loss of HK$0.85 in the same period of 2021[12]. - For the six months ended June 30, 2022, the company reported a profit attributable to shareholders of HK$12,885,000, compared to a loss of HK$45,532,000 in the same period of 2021[63]. - The Group reported a profit of approximately HK$12,409,000 for the six months ended 30 June 2022, a turnaround from a loss of approximately HK$64,501,000 in 2021[129]. Revenue Breakdown - The mobile internet business generated revenue of HK$67,888,000 for the six months ended June 30, 2022, compared to HK$827,972,000 in 2021, reflecting a decrease of about 91.8%[44]. - The hospitality and related services segment in Australia reported revenue of HK$30,645,000 for the first half of 2022, down from HK$25,115,000 in 2021, indicating an increase of approximately 22.5%[43]. - The lending business generated revenue of HK$1,508,000 in the first half of 2022, a decrease from HK$3,545,000 in the same period of 2021, representing a decline of about 57.5%[48]. - Revenue from the mobile internet business segment decreased by approximately 92% to HK$67,888,000, down from HK$827,972,000 in 2021[130]. - The Group recorded revenue of approximately HK$30,645,000 from its hospitality and related services in Australia, an increase from HK$25,115,000 in 2021[158]. Expenses and Costs - The Group's administrative expenses for the six months ended June 30, 2022, were HK$53,800,000, down from HK$139,040,000 in the same period of 2021[10]. - The total depreciation and amortization for the period was HK$5,803,000, compared to HK$30,306,000 in the same period of 2021, indicating a significant reduction in expenses[44]. - The cost of sales for the six months ended June 30, 2022, was HK$70,822,000, significantly higher than HK$2,961,000 in 2021, indicating a substantial increase in inventory costs[51]. - Staff costs, including directors' emoluments, amounted to HK$23,003,000 for the six months ended June 30, 2022, compared to HK$623,064,000 in 2021, reflecting a decrease in overall employee expenses[51]. Cash Flow and Liquidity - Net cash flow from operating activities for the six months ended June 30, 2022, was HK$19,853,000, compared to a cash outflow of HK$14,883,000 in the same period of 2021[22]. - The net increase in cash and cash equivalents for the period was HK$21,588,000, compared to a decrease of HK$13,082,000 in the same period of 2021[25]. - Cash and cash equivalents at the end of the period amounted to HK$34,762,000, down from HK$73,698,000 at the end of the previous year[27]. - The Group reported net current liabilities of approximately HK$7,267,000 as of June 30, 2022, but continues to operate as a going concern due to ongoing financial support from a substantial shareholder[29]. Assets and Liabilities - Total non-current assets decreased from HK$399,281,000 as of December 31, 2021, to HK$372,419,000 as of June 30, 2022, representing a decline of approximately 6.7%[14]. - Current assets decreased from HK$258,613,000 as of December 31, 2021, to HK$219,740,000 as of June 30, 2022, a reduction of about 15%[14]. - Total current liabilities decreased from HK$277,300,000 as of December 31, 2021, to HK$227,007,000 as of June 30, 2022, indicating a decline of approximately 18.2%[16]. - Net assets decreased from HK$317,811,000 as of December 31, 2021, to HK$305,651,000 as of June 30, 2022, reflecting a decline of about 3.8%[16]. - The Group's interest-bearing bank borrowings decreased from HK$40,710,000 on December 31, 2021, to HK$38,017,000 on June 30, 2022, reflecting a reduction in debt levels[100]. Investments and Financial Assets - The Group's investments in listed equity securities at FVTOCI amounted to approximately HK$104,025,000, a decrease of 24.6% from HK$137,978,000 as of December 31, 2021[74]. - The Group's total financial assets at FVTPL increased to HK$103,743,000 as of June 30, 2022, from HK$89,051,000 as of December 31, 2021, marking a rise of 16.3%[74]. - The Group's unlisted investments at fair value remained stable at approximately HK$79,971,000 as of June 30, 2022, compared to HK$79,456,000 as of December 31, 2021[74]. - The Group's investment in Heals Healthcare (Asia) Limited, representing approximately 7.69% equity interest, had an investment cost of approximately HK$38,962,000 and a fair value of approximately HK$39,205,000 as of June 30, 2022[188]. Strategic Outlook and Future Plans - The company aims to enhance its market presence through the expansion of its hospitality services in Australia and the development of its mobile internet business[49]. - Future strategies include focusing on improving operational efficiency and exploring potential mergers and acquisitions to strengthen market position[49]. - The Group plans to launch a new "Wellness Retreat" product/service in September 2022, which will include holistic healing, nutrition, and calming activities[145]. - The Group's future outlook includes potential expansion in the digital wallet and e-commerce sectors in Indonesia through Dynamic Indonesia Holdings[138]. Segment Performance - The Group has four reportable operating segments: mobile internet business, hospitality services in Australia, money lending business, and assets investments business[36]. - The Group's hospitality business in Australia operated through the Balgownie Estate Vineyard Resort & Spa Yarra Valley during the review period[139]. - Balgownie’s revenue rose to approximately HKD 30,645,000, up from HKD 18,404,000 in 2021, primarily due to the gradual easing of restrictions by the Victorian Government[158]. Challenges and Market Conditions - The Group's mobile internet business faced challenges due to the forced sale of its subsidiary, impacting revenue significantly[132]. - Balgownie was forced to close for a total of 120 days in 2021 due to lockdowns, significantly impacting the Group's performance in the hospitality sector[163]. - Consumer confidence was impacted in January 2022, leading to cancellations of room bookings and corporate events at Balgownie[164].

Financial Performance - Revenue for the three months ended March 31, 2022, was HK$58,527,000, a decrease of 84.5% compared to HK$378,555,000 for the same period in 2021[15] - Cost of sales for the same period was HK$43,891,000, down from HK$347,680,000, reflecting a significant reduction in operational costs[15] - Profit before tax for the period was HK$3,566,000, compared to a loss of HK$46,624,000 in the previous year, indicating a turnaround in financial performance[15] - Profit attributable to shareholders was HK$3,994,000, a recovery from a loss of HK$32,914,000 in the same quarter of 2021[18] - Basic and diluted earnings per share for the period were HK$0.07, compared to a loss per share of HK$0.62 in the prior year[18] - Total comprehensive income for the period was a loss of HK$15,683,000, compared to a loss of HK$44,904,000 in the previous year, showing improvement[15] - Total revenue, other income, and gains for the three months ended March 31, 2022, amounted to HK$62,864,000, a decrease of 83.5% compared to HK$381,028,000 for the same period in 2021[29] - Revenue from contracts with customers was HK$57,503,000 for the three months ended March 31, 2022, down 84.7% from HK$376,266,000 in 2021[29] - Earnings attributable to shareholders for the period were HK$3,994,000, a significant recovery from a loss of HK$32,914,000 in the same period of 2021[36] - The Group's total comprehensive income for the period was approximately HK$3,994,000, compared to a loss of approximately HK$15,157,000 in the previous year[46] - The Group's accumulated losses at March 31, 2022, were approximately HK$716,989,000[46] - The Group's total equity at March 31, 2022, was approximately HK$297,127,000[46] Operational Strategy - The Group's operational strategy appears to be focused on cost reduction and improving profitability, as evidenced by the significant decrease in both revenue and costs[15] - The Group's financial performance reflects a challenging market environment, necessitating strategic adjustments moving forward[30] - Following the completion of the Forced Sale in December 2021, the Group aims to reallocate resources to enhance existing businesses and explore online and offline healthcare services[109] - The Group plans to maintain its focus on financial performance to generate greater value for shareholders[102] - The Group's focus on reallocating resources is seen as an opportunity to mitigate losses from the CL Borrower Group[109] Hospitality and Related Services - Balgownie generated revenue of approximately HK$14,791,000 in the review period, an increase from HK$9,660,000 in 2021, attributed to the relaxation of COVID-19 restrictions[64] - The new restaurant at Balgownie opened to the public in February 2022, enhancing income generation from external customers[61] - Balgownie plans to launch a new "Wellness Retreat" service in partnership with Endota Spa, expected to attract more customers[56] - The Group's hospitality segment revenue improved due to the gradual relaxation of government restrictions in Victoria[64] - Balgownie consists of a 29-hectare freehold land with a 7-hectare vineyard and 70 luxury accommodation rooms[55] - The new day spa at Balgownie is expected to open by the end of Q2 2022, generating additional income[56] - The new restaurant, along with the existing banquet center, can accommodate approximately 270 guests, allowing the group to offer banquet services for events such as weddings[65] - Balgownie's occupancy rate for the three months ended March 31, 2022, was approximately 77%, an improvement from approximately 67% in the same period in 2021[82] - The group recorded revenue of approximately HKD 14,791,000 for the hospitality and related services segment in Australia, compared to HKD 14,740,000 in the previous year[66] - Balgownie's revenue increased to approximately HKD 14,791,000, up from HKD 9,660,000 in the previous year, primarily due to the gradual easing of restrictions by the Victorian Government[66] - Balgownie was closed for a total of 120 days in 2021 due to COVID-19 restrictions, significantly impacting the group's hospitality business performance in Australia[72] Corporate Governance - The Company has adopted a code of conduct regarding Directors' securities transactions, with no known non-compliance during the review period[135] - The Audit Committee consists of three independent non-executive Directors, responsible for reviewing the Group's financial information and internal control procedures[137] - The Company has complied with the Corporate Governance Code provisions during the three months ended March 31, 2022[136] - The Group has made adequate disclosures in its financial reporting for the three months ended 31 March 2022[143] - The report was issued on 13 May 2022, reflecting the Group's commitment to timely reporting[144] - The Audit Committee's review confirms that the financial results are prepared in accordance with applicable accounting standards[143] - The Group's governance structure includes a clear delineation of roles among executive and non-executive directors[144] Market Conditions and Opportunities - Indonesia's smartphone market is the fourth largest globally, with a population of approximately 270 million, over 60% of whom own smartphones[108] - More than 50% of Indonesia's population is unbanked, indicating a significant demand for digital payment solutions[108] - The COVID-19 pandemic has accelerated the growth of digital payments and e-commerce in Indonesia, enhancing the potential for the Group's Walletku platform[108] - The Group recognizes the significant growth potential in the Indonesian retail and e-commerce market, driven by the increasing adoption of digital payment solutions[112] - The Group plans to expand the customer base of Walletku, its payment application and e-commerce platform in Indonesia, capitalizing on the country's smartphone penetration of over 60% among its 270 million population[112] - The COVID-19 pandemic has accelerated the growth of digital payments and e-commerce in Indonesia, presenting further opportunities for the Group[112] Financial Reporting and Compliance - The financial results were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[20] - The Group did not adopt any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements[25] - The Group has not early adopted any new HKFRSs that are not yet effective, which may impact future financial statements[23] - The weighted average number of ordinary shares in issue for calculating earnings per share remained unchanged at 5,336,235,108 for both 2022 and 2021[39] - No interim dividend was recommended for the three months ended March 31, 2022, consistent with the previous year[32] Investment and Financial Health - The Group's investment strategy will remain unchanged unless there are opportunities to realize existing investments in securities[90] - The outstanding principal amount of a loan from Essence Securities Co., Limited is approximately RMB70,893,000 (equivalent to approximately HK$79,216,000)[91] - The Group's total claims related to the loan breach amounted to approximately RMB85,186,000 (equivalent to approximately HK$95,187,000) as of November 18, 2019[91] - The total amount claimed by the Lender, including principal, interest, and liquidated damages, was approximately RMB 85.2 million as of November 18, 2019[96] - The Group's financial health and resilience are crucial to overcoming future challenges amid global economic volatility[102]

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]