Financial Performance - For the nine months ended December 31, 2020, the company recorded unaudited revenue of approximately HKD 34,400,000, a decrease of about 0.7% compared to the same period last year[3]. - The unaudited profit attributable to owners for the nine months ended December 31, 2020, was approximately HKD 30,300,000, an increase of about 7.1% year-on-year[3]. - Basic and diluted earnings per share for the nine months ended December 31, 2020, were approximately HKD 1.38, compared to HKD 1.29 for the same period in 2019[3]. - For the three months ended December 31, 2020, the company reported revenue of HKD 13,020,469, compared to HKD 10,057,216 for the same period in 2019[5]. - The net profit attributable to owners for the three months ended December 31, 2020, was HKD 8,164,299, down from HKD 15,370,422 in the same period last year[5]. - Total comprehensive income attributable to owners for the nine months ended December 31, 2020, was HKD 33,860,444, compared to HKD 28,275,044 for the same period in 2019[5]. - The company reported a net loss from financial assets at fair value through profit or loss of HKD 405,820 for the three months ended December 31, 2020, compared to a loss of HKD 76,806 in the same period last year[5]. - The total income from interest for the nine months ended December 31, 2020, was HKD 34,377,055, slightly down from HKD 34,609,486 in the previous year, indicating a decrease of about 0.7%[17]. - The group reported a significant increase in income from loan clients, which rose to HKD 6,200,010 for the three months ended December 31, 2020, compared to HKD 4,279,785 in the same period of 2019, representing a growth of approximately 45%[17]. - The group’s total income from miscellaneous sources for the three months ended December 31, 2020, was HKD 164,751, a significant drop from HKD 4,797,285 in the same period of 2019, indicating a decline of approximately 96.6%[19]. - The group's revenue and investment income for the nine months ended December 31, 2020, was approximately HKD 46,900,000, an increase of about 35.6% or approximately HKD 12,300,000 compared to approximately HKD 34,600,000 for the same period in 2019[30]. Dividends and Share Options - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[3]. - The company did not recommend the distribution of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[23]. - The new share option plan was adopted on August 4, 2020, with no options granted, canceled, or exercised as of December 31, 2020[46]. - As of December 31, 2020, a total of 60,000,000 unexercised share options were granted to directors[53]. - The fair value of the granted share options as of the grant date was HKD 8,275,000, calculated using the Black-Scholes model[50]. - The expected volatility for the share options was 55.019% with a risk-free rate of 2.106%[50]. - No options were exercised or canceled under the new share option plan as of the reporting date[46]. Financial Position - The company’s total equity as of December 31, 2020, was HKD 248,348,778, an increase from HKD 237,226,596 as of December 31, 2019[7]. - The company’s financing costs for the nine months ended December 31, 2020, were HKD 328,973, compared to HKD 441,557 for the same period in 2019[5]. - The group recorded an unaudited profit attributable to owners of the company of approximately HKD 30,300,000 for the nine months ended December 31, 2020, compared to approximately HKD 28,300,000 for the same period in 2019[42]. - The group's administrative expenses for the nine months ended December 31, 2020, were approximately HKD 11,700,000, a decrease of about 10.5% from approximately HKD 13,000,000 for the same period in 2019[41]. - The group’s total investment portfolio value was approximately HKD 83,300,000 as of December 31, 2020, compared to approximately HKD 65,100,000 as of March 31, 2020[38]. Corporate Governance - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with GEM Listing Rules from December 31, 2020[61]. - The company has adhered to all corporate governance code provisions as per GEM Listing Rules Appendix 15, with a noted deviation regarding the separation of roles between the Chairman and CEO[62]. - The company currently does not have a Chairman position, with daily operations managed by the CEO and executive directors, ensuring balanced power distribution[63]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending December 31, 2020, confirming compliance with applicable accounting standards[66]. - The company plans to elect a new Chairman when appropriate[64]. Future Plans and Strategy - The company aims to expand its margin and loan financing business as well as securities advisory services to meet customer needs[45]. - The company is committed to becoming a leading financial services group in Hong Kong and will continue to explore potential opportunities for new revenue sources[45]. - The company plans to leverage the management team's knowledge and experience to seize emerging business opportunities[45]. - The group has no significant investment or acquisition plans as of December 31, 2020, but will actively seek investment opportunities to enhance profitability[44]. Trading and Market Activity - Securities and futures brokerage income decreased by approximately 15.8% to about HKD 4,900,000 for the nine months ended December 31, 2020, from approximately HKD 5,900,000 for the same period in 2019[31]. - Total trading volume for securities transactions was approximately HKD 22,321,800,000 for the nine months ended December 31, 2020, down from approximately HKD 37,186,600,000 in 2019[31]. - Interest income from customer securities and margin accounts was approximately HKD 5,900,000, a decrease of about 37.0% from approximately HKD 9,300,000 in the same period of 2019[31]. - Interest income from loans and financing activities was approximately HKD 17,200,000 for the nine months ended December 31, 2020, compared to approximately HKD 14,800,000 for the same period in 2019[35]. Reporting and Documentation - The third quarter performance report for the year 2020 has been published, detailing the company's financial results[68].

Financial Performance - The company recorded an unaudited revenue of approximately HKD 21,400,000 for the six months ended September 30, 2020, a decrease of about 13.0% compared to the same period last year[3]. - The profit attributable to the owners of the company for the six months ended September 30, 2020, was approximately HKD 22,100,000, an increase compared to the same period in 2019, mainly due to an increase in the fair value changes of financial assets[3]. - Basic and diluted earnings per share for the six months ended September 30, 2020, were approximately HKD 1.00, compared to HKD 0.59 for the same period in 2019[3]. - The company reported a net profit of HKD 13,325,133 for the three months ended September 30, 2020, compared to HKD 4,948,775 for the same period in 2019[5]. - Total comprehensive income attributable to owners for the six months ended September 30, 2020, was HKD 25,061,701, compared to HKD 12,904,622 for the same period in 2019[5]. - The company reported a total comprehensive income of HKD 12,904,622 for the six months ended September 30, 2020, compared to HKD 34,536,744 for the same period in 2019, indicating a significant decline[23]. - For the six months ended September 30, 2020, the profit attributable to owners was HKD 22,109,116, compared to HKD 12,904,622 for the same period in 2019, representing an increase of 71.5%[43]. - The total revenue and investment income for the six months ended September 30, 2020, was approximately HKD 32,800,000, an increase of about 40.7% or HKD 9,500,000 compared to HKD 23,300,000 in the same period of 2019[78]. Dividends and Share Capital - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2020[3]. - The company declared dividends of HKD (22,000,000) for the six months ended September 30, 2020, consistent with the previous year[23]. - The total issued and paid-up share capital remained at HKD 22,000,000, with 2,200,000,000 ordinary shares as of September 30, 2020[67]. Assets and Liabilities - The company's total assets less current liabilities as of September 30, 2020, amounted to HKD 242,578,295, compared to HKD 239,199,562 as of March 31, 2020[11]. - Non-current assets as of September 30, 2020, included property, plant, and equipment valued at HKD 308,665, down from HKD 417,024 as of March 31, 2020[8]. - The company’s net assets attributable to owners as of September 30, 2020, were HKD 239,550,035, compared to HKD 236,488,334 as of March 31, 2020[11]. - The company reported total assets of HKD 287,372,459 as of September 30, 2020, with liabilities totaling HKD 47,822,424[33]. - As of September 30, 2020, the company's receivables amounted to HKD 117,163,897, an increase from HKD 99,169,258 as of March 31, 2020, representing a growth of approximately 18.5%[58]. - The total trade receivables amounted to HKD 43,267,563, an increase from HKD 40,888,088 as of March 31, 2020[46]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD (462,084) for the six months ended September 30, 2020, compared to HKD 23,023,834 for the same period in 2019[15]. - The company’s cash and cash equivalents in general accounts as of September 30, 2020, were HKD 9,924,511, down from HKD 33,136,216 as of March 31, 2020[8]. - The company’s cash and bank balances were approximately HKD 19,900,000, down from HKD 43,100,000 as of March 31, 2020[89]. - The company reported a fair value change of HKD 2,952,585 during the period, contributing positively to the overall financial performance[23]. - The company’s financing activities resulted in a net cash outflow of HKD (13,761,315) for the six months ended September 30, 2020, compared to HKD (10,000,000) in the same period of 2019[15]. Revenue Sources - Total revenue from ongoing operations for the six months ended September 30, 2020, was HKD 21,356,586, a decrease from HKD 24,552,270 in the same period of 2019, representing a decline of approximately 13.5%[23]. - For the six months ended September 30, 2020, the total revenue was HKD 21,356,586, with significant contributions from various segments including securities and futures brokerage, which generated HKD 7,643,820[30]. - The segment profit for securities, futures, and options brokerage was HKD 3,133,344, while the total profit before tax was HKD 26,055,552, leading to a net profit of HKD 22,109,116 after tax expenses of HKD 3,946,436[30]. - The segment revenue from loan financing was HKD 11,101,042, contributing to the overall performance of the company[30]. - Securities and futures brokerage income decreased by approximately 19.5% to about HKD 3,200,000 for the six months ended September 30, 2020, from approximately HKD 4,000,000 in the same period of 2019[79]. - Interest income from customer securities and margin accounts decreased by approximately 50.3% to about HKD 3,700,000 for the six months ended September 30, 2020, compared to HKD 7,400,000 in the same period of 2019[80]. - Interest income from loan financing services was approximately HKD 11,100,000 for the six months ended September 30, 2020, compared to HKD 10,500,000 in the same period of 2019[82]. Risk Management and Governance - The company has established an audit committee to review and supervise the financial reporting process and internal controls, consisting of three independent non-executive directors[130]. - The company has adopted risk management policies and systems to ensure the protection of shareholders' interests and assets[129]. - The company is committed to high standards of corporate governance and has complied with all applicable codes during the reporting period[124]. - The group has established a credit policy to monitor credit risk associated with loans and receivables, which is considered low due to regulatory oversight of brokers and clearing houses[102]. - The group maintains sufficient liquidity to meet its long-term and short-term financial obligations, adhering to regulatory capital requirements[106]. - The group has a credit risk management team in place to determine credit limits and ensure timely recovery of overdue loans[104]. Future Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20%[132]. - New product launches are expected to contribute an additional $10 million in revenue by the end of the fiscal year[132]. - Market expansion plans include entering two new regions, which are anticipated to increase market share by 15%[132]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[132]. - Operational efficiency improvements are expected to reduce costs by 10% in the upcoming quarter[132]. - The company aims to enhance customer engagement through new marketing strategies, targeting a 30% increase in customer retention[132]. - Overall, the company remains optimistic about achieving its long-term growth targets despite market challenges[132].

Financial Performance - The company recorded an unaudited revenue of approximately HKD 10,400,000 for the three months ended June 30, 2020, a decrease of about 11.4% compared to HKD 11,700,000 in the same period last year[3]. - The profit attributable to owners of the company for the same period was approximately HKD 8,800,000, an increase from HKD 8,000,000 in 2019[3]. - Basic and diluted earnings per share for the period were both approximately HKD 0.40, compared to HKD 0.36 in the previous year[3]. - The total comprehensive income attributable to owners for the period was HKD 11,442,493, up from HKD 7,955,847 in 2019[6]. - The group’s revenue for the three months ended June 30, 2020, was approximately HKD 10,400,000, a decrease of about 11.4% compared to approximately HKD 11,700,000 for the same period in 2019[39]. - The profit attributable to the owners of the company for the three months ended June 30, 2020, was approximately HKD 8,800,000, an increase from approximately HKD 8,000,000 for the same period in 2019[40]. - The earnings per share for the three months ended June 30, 2020, was approximately HKD 0.40, compared to HKD 0.36 for the same period in 2019[40]. Expenses and Costs - Administrative expenses for the period were HKD 3,675,393, compared to HKD 4,629,684 in the previous year, indicating a reduction in costs[6]. - Administrative expenses decreased by approximately 20.6% to about HKD 3,700,000 for the three months ended June 30, 2020, down from approximately HKD 4,600,000 for the same period in 2019[39]. - The company’s financing costs decreased to HKD 38,772 from HKD 52,964 in the previous year[6]. Revenue Sources - The total revenue and investment income for the three months ended June 30, 2020, was approximately HKD 13,600,000, an increase of about 1.6% or HKD 200,000 compared to HKD 13,400,000 in the same period of 2019[29]. - Securities and futures brokerage income decreased by approximately 24.7% to about HKD 1,600,000 for the three months ended June 30, 2020, down from approximately HKD 2,100,000 in the same period of 2019[30]. - Interest income from customer securities and margin accounts or futures accounts was approximately HKD 2,000,000 for the three months ended June 30, 2020, a decrease of about 36.9% from HKD 3,200,000 in the same period of 2019[30]. - The income from placement and underwriting commissions was approximately HKD 616,000 for the three months ended June 30, 2020, compared to none in the same period of 2019[34]. - Interest income from loan financing was approximately HKD 5,000,000 for the three months ended June 30, 2020, unchanged from the same period of 2019[35]. - The interest income from financial assets measured at fair value through other comprehensive income for the three months ended June 30, 2020, was approximately HKD 800,000, compared to none in 2019[37]. Dividends - The board of directors did not recommend the payment of an interim dividend for the period, compared to no dividend in the same period last year[3]. - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2020, compared to zero in the same period of 2019[19]. Taxation - The Hong Kong profits tax expense for the three months ended June 30, 2020, was HKD 915,500, compared to HKD 731,472 in the same period of 2019[18]. Corporate Governance - The company continues to operate under the principles of Hong Kong Financial Reporting Standards, ensuring compliance with relevant regulations[11]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ending June 30, 2020, ensuring compliance with applicable accounting standards[67]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with the GEM Listing Rules during the reporting period[62]. - The company is committed to high standards of corporate governance, having complied with all applicable codes except for the separation of roles between the chairman and CEO[63]. - The company has not established a chairman position, with daily operations overseen by the CEO and executive directors[64]. - The company plans to elect a new chairman when appropriate[65]. Shareholder Information - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, accounting for 68.18% of the company's issued share capital[57]. - The share options plan allows for a total of up to 110,000,000 shares to be granted, representing 5% of the total shares as of June 30, 2020[45]. - As of June 30, 2020, the company had granted a total of 60,000,000 stock options to directors, representing approximately 2.73% of the total shares[55]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model with an expected volatility of 55.019% and a risk-free rate of 2.106%[52]. Future Plans - The group has no plans for significant investments or acquisitions of capital assets as of June 30, 2020, but will actively seek investment opportunities to enhance profitability[41]. - The company aims to expand its client base and strengthen its trading platform to develop its brokerage and underwriting businesses[42]. - The group is committed to exploring potential business opportunities to gain new revenue sources and further enhance profitability[44]. Market Performance - The total trading volume for securities transactions dropped approximately 85.9% to about HKD 3,743,500,000 for the three months ended June 30, 2020, compared to HKD 26,534,700,000 in the same period of 2019[30]. - The Hang Seng Index rose approximately 3.4% to 24,427 points as of June 30, 2020, compared to 23,603 points on March 31, 2020[28].

Financial Performance - Total revenue and investment income for the fiscal year amounted to approximately HKD 42,700,000, a decrease of about 15.1% compared to HKD 50,300,000 in the previous fiscal year[8] - Profit attributable to owners of the company increased by approximately 88.6% to HKD 23,600,000, driven by the completion of the sale of solar photovoltaic power station revenue rights[8] - Securities and futures brokerage income decreased by approximately 21.6% from HKD 9,300,000 to HKD 7,300,000 for the year ended March 31, 2020[17] - Total trading volume dropped by approximately 73.4% from HKD 155,399,900,000 to HKD 41,392,700,000 for the same period[17] - Interest income from cash and margin securities accounts increased by approximately 3.3% to HKD 10,500,000 compared to HKD 10,100,000 in the previous year[18] - Interest income from loan financing decreased to approximately HKD 20,600,000 from HKD 21,200,000 year-on-year[19] - Placement and underwriting commission surged approximately 4,143.6% from HKD 13,000 to HKD 550,000 for the year ended March 31, 2020[23] - Other income, gains, and losses netted approximately HKD 4,800,000, significantly up from HKD 400,000 in the previous year, primarily due to the sale of income rights[26] Investment Portfolio - As of March 31, 2020, the value of the investment portfolio was approximately HKD 65,100,000, up from approximately HKD 58,800,000 in the previous fiscal year[8] - The total value of the investment portfolio increased to approximately HKD 65,100,000 from HKD 58,800,000 year-on-year[25] - The company is committed to maintaining a balanced investment portfolio through stable income investments such as debt securities[8] Economic Environment - The company acknowledges the challenges faced in the financial market due to the COVID-19 pandemic and social unrest in Hong Kong[12] - The outlook for the Hong Kong financial market in 2020 is uncertain and challenging due to social unrest and the ongoing COVID-19 pandemic, but the company aims to leverage management expertise to seize emerging opportunities[48] Corporate Strategy - The company aims to expand its customer base and enhance its trading platform despite economic uncertainties[9] - The company plans to continue exploring new business opportunities to provide optimal returns to shareholders[9] - The company intends to expand its client base and strengthen its trading platform to develop its brokerage and underwriting businesses[48] - The company is committed to becoming a leading financial services group in Hong Kong and will continue to explore potential opportunities for new revenue sources[48] Corporate Governance - The company has complied with all corporate governance code provisions as per GEM Listing Rules Appendix 15 for the fiscal year ending March 31, 2020, with some deviations noted[51] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced distribution of power and authority[52] - All directors confirmed compliance with the code of conduct regarding securities trading, with no violations noted during the fiscal year[55] - The board held 12 meetings during the fiscal year, with all executive directors attending all meetings[62] - The company currently does not have a chairman, with daily operations managed by the CEO and executive directors[66] - Independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring proper financial management expertise on the board[61] - The board is responsible for setting the company's strategy, overseeing performance, and managing risks, with three committees established for audit, remuneration, and nomination[54] - Directors receive training on their responsibilities and relevant regulations to ensure compliance and enhance governance awareness[63] - The company plans to appoint a new chairman at an appropriate time, as the current structure does not include this position[53] - The board is committed to maximizing long-term shareholder value while balancing the interests of all stakeholders[59] Environmental and Social Responsibility - The company reported a total greenhouse gas emissions of 70,238.90 kg CO2 equivalent for the year ending March 31, 2020, a decrease from 76,496.49 kg CO2 equivalent in the previous year, representing a reduction of approximately 8.3%[97] - Energy consumption from purchased electricity was 88,910.00 kWh in 2020, down from 96,831.00 kWh in 2019, indicating a decrease of about 8.9%[101] - The energy intensity improved to 241.06 kWh per square meter in 2020 from 262.54 kWh per square meter in 2019, reflecting a reduction of approximately 8.2%[101] - The company implemented various energy-saving measures, including the procurement of energy-efficient office appliances and T5 fluorescent lamps[99] - The company donated approximately HKD 109,000 to charitable organizations during the reporting period, significantly up from HKD 8,000 in 2019[115] - The company has not identified any serious violations of applicable environmental laws and regulations in Hong Kong during the reporting period[103] - The company has maintained a safe and healthy workplace, with no violations of health and safety laws reported during the period[106] - The company emphasizes equal employment opportunities and provides various benefits, including medical insurance and paid leave[104] - The company has implemented measures to ensure employee health and safety in response to the COVID-19 pandemic, including mandatory mask-wearing and temperature checks[117] - The company actively engages in community investment, believing that community development contributes to business success[115] Risk Management - The company has established a risk management and internal control system to safeguard shareholder interests and manage risks effectively[84] - The internal audit committee is responsible for reviewing the overall effectiveness of the company's risk management and internal control systems[85] - The company maintains high standards of investor relations, ensuring timely disclosure of information to shareholders[91] Stock Options and Shareholder Information - As of March 31, 2020, a total of 60,000,000 stock options were granted to directors, representing approximately 2.73% of the company's total shares[148] - The exercise price for the stock options granted is HKD 0.2275 per share, with an exercise period from April 9, 2014, to April 8, 2023[148] - The total number of stock options that can be granted under the stock option plan is capped at 110,000,000 shares, equivalent to 5% of the total shares as of March 31, 2020[161] - The total number of unexercised stock options as of March 31, 2020, was 100,000,000 shares, representing about 4.55% of the issued share capital[163] - The stock option plan was adopted on February 22, 2011, to attract and retain top talent within the company[161] - The company has established a stock option plan to incentivize directors and eligible employees, with the aim of promoting business success[161] - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the company's issued share capital[167] - The company maintained the required public float as per GEM listing rules as of the report date[184] Audit and Compliance - The consolidated financial statements for the year ended March 31, 2020, were audited by HLM CPA Limited[185] - The company did not purchase, sell, or redeem any of its listed securities during the year ended March 31, 2020[182] - The independent non-executive directors confirmed that all continuing connected transactions were conducted in the ordinary course of business and on normal commercial terms[177] - The audit procedures included evaluating the design and operating effectiveness of key internal controls related to loan and margin client receivables[195] - The audit also involved comparing the total loan report balances with the general ledger and sampling individual loan information against supporting documents[195] - Management's assumptions and judgments regarding impairment assessments were found to have reasonable evidence supporting them[196] - The audit did not identify any significant misstatements in the other information provided in the annual report[200]

Financial Performance - The company recorded unaudited revenue of approximately HKD 34,600,000 for the nine months ended December 31, 2019, a decrease of about 5.7% compared to the same period last year [3] - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2019, was approximately HKD 28,300,000, an increase of about 48.3% year-on-year [3] - Basic and diluted earnings per share for the nine months ended December 31, 2019, were approximately HKD 1.29, compared to HKD 0.87 for the same period in 2018 [3] - For the three months ended December 31, 2019, the company reported revenue of HKD 10,057,216, down from HKD 13,051,893 in the same quarter of 2018 [5] - The company achieved a pre-tax profit of HKD 16,480,989 for the three months ended December 31, 2019, compared to HKD 4,188,724 for the same period in 2018 [5] - The total comprehensive income attributable to the owners of the company for the three months ended December 31, 2019, was HKD 15,370,422, significantly higher than HKD 3,868,899 in the previous year [5] - The company reported a profit attributable to owners of the company of HKD 28,275,044 for the nine months ended December 31, 2019, compared to HKD 19,061,920 for the same period in 2018 [23] - The basic earnings per share for the nine months ended December 31, 2019, was calculated based on a weighted average of 2,200,000,000 ordinary shares issued during the period [23] Dividends - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2019, consistent with the previous year [3] - The company did not recommend the distribution of an interim dividend for the nine months ended December 31, 2019 [22] Revenue Sources - The group's revenue from operations for the nine months ended December 31, 2019, was approximately HKD 34,600,000, a decrease of about 11.3% or HKD 4,400,000 compared to approximately HKD 39,000,000 in the same period of 2018 [26] - Securities and futures brokerage income decreased by approximately 18.1% from about HKD 7,200,000 for the nine months ended December 31, 2018, to about HKD 5,900,000 for the same period in 2019 [27] - Total trading volume for securities transactions was approximately HKD 37,186,600,000 for the nine months ended December 31, 2019, compared to approximately HKD 138,996,200,000 in the same period of 2018, indicating a significant decline [27] - Interest income from customer securities and margin accounts or futures accounts increased by approximately 6.3%, reaching about HKD 9,300,000 for the nine months ended December 31, 2019, compared to approximately HKD 8,800,000 in the same period of 2018 [27] Expenses - The company reported total administrative expenses of HKD 4,495,516 for the three months ended December 31, 2019, compared to HKD 6,128,735 in the same period of 2018 [5] - The group's administrative expenses for the nine months ended December 31, 2019, were approximately HKD 13,000,000, a decrease of about 26.5% compared to approximately HKD 17,700,000 for the same period in 2018 [36] Other Income and Gains - The company recorded other income and gains of approximately HKD 9,834,062 for the nine months ended December 31, 2019, compared to HKD 1,311,147 in the same period of 2018 [19] - Other income, gains, and losses for the nine months ended December 31, 2019, amounted to approximately HKD 9,900,000, an increase of about HKD 8,600,000 from approximately HKD 1,300,000 for the same period in 2018 [35] Share Options and Corporate Governance - As of December 31, 2019, the total number of shares that can be granted under the share option plan is capped at 110,000,000 shares, representing 5% of the company's total shares [43] - The total number of unexercised share options granted under the share option plan as of December 31, 2019, is 100,000,000 shares, equivalent to approximately 4.55% of the company's issued share capital [44] - The fair value of the granted share options on the grant date is HKD 8,275,000, calculated using the Black-Scholes model [47] - The expected volatility used in the fair value calculation is 55.019% [47] - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the company's shares [53] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2019 [55] - The company has adopted a code of conduct for directors' securities transactions, which complies with GEM Listing Rules [58] - The total number of share options granted to directors as of December 31, 2019, is 60,000,000 shares [50] - Any further grant of share options exceeding the 1% limit must be approved by shareholders at a general meeting [43] - The exercise price of any designated share options cannot be lower than the highest of the closing price on the grant date or the average closing price over the five trading days preceding the grant date [44] - The company has complied with all corporate governance code provisions as per GEM Listing Rules Appendix 15 for the nine months ending December 31, 2019, with a noted deviation regarding the separation of roles between the Chairman and the CEO [62] - The company currently does not have a Chairman position, with daily operations managed by the CEO and executive directors, ensuring a balanced distribution of power and authority [60] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the nine months ending December 31, 2019, confirming compliance with applicable accounting standards and regulations [63] - The company plans to elect a new Chairman when appropriate circumstances arise [61] - The board is composed of experienced individuals who regularly meet to discuss operational matters affecting the company [60] Future Plans - The group plans to continue expanding its margin and loan financing business as well as its securities advisory services to meet customer needs [40] - The group has no significant investment or acquisition plans as of December 31, 2019, but will actively seek investment opportunities to enhance profitability [39] - The group aims to become a leading financial services group in Hong Kong and will continue to explore potential opportunities for new revenue sources [40] Market Performance - The Hang Seng Index closed at approximately 28,190 points on December 31, 2019, a decrease of about 3.0% from approximately 29,051 points on March 31, 2019 [25] Fair Value Changes - The company recorded a net fair value change of HKD 1,274,609 for the three months ended December 31, 2019, compared to a loss of HKD 2,817,440 in the same quarter of 2018 [5] - The group experienced a trading loss of approximately HKD 300,000 from financial assets measured at fair value through profit or loss for the nine months ended December 31, 2019 [32]

CL GROUP (HOLDINGS) LIMITED 昌利(控股)有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 8098 1122 中 点 報告 / 加盟 2 HHF THE ? 曲 名棋 - HEN x 2018 4HHB 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的公司提供上市的市場。 有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他經驗豐富的 投資者。 由於GEM上市公司的新興性質使然，在GEM買賣的證券可能會承受較於主板買賣 的證券為高的市場波動風險，同時亦無法保證在GEM買賣的證券會有高流通量的 市場。 香港交易及結算所有限公司以及香港聯合交易所有限公司對本報告的內容概不 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報告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關昌利 （控股）有限公司（「本公司」）的資料。本公司各董事（「董事 ...

Financial Performance - For the three months ended June 30, 2019, the company recorded an unaudited revenue of approximately HKD 11,700,000, representing an increase of about 2.6% compared to the same period last year[3]. - The profit attributable to the owners of the company for the same period was approximately HKD 8,000,000, down from HKD 11,800,000 in 2018[3]. - Basic and diluted earnings per share for the three months ended June 30, 2019, were both approximately HKD 0.36, compared to HKD 0.53 in 2018[3]. - The total comprehensive income attributable to owners increased from HKD 11,764,407 in 2018 to HKD 7,955,847 in 2019[6]. - Total revenue and investment income for the three months ended June 30, 2019, was approximately HKD 13,400,000, a decrease of about 29.0% or HKD 5,400,000 compared to HKD 18,800,000 in the same period of 2018[24]. - The profit attributable to the company's owners for the three months ended June 30, 2019, was approximately HKD 7,955,847, down from HKD 11,764,407 in the same period of 2018, representing a decrease of about 32.4%[21]. - Basic earnings per share for the three months ended June 30, 2019, was approximately HKD 0.36, compared to HKD 0.53 for the same period in 2018, reflecting a decrease of about 32.1%[30]. Dividends - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2019, compared to zero in 2018[3]. - The company did not recommend the distribution of an interim dividend for the three months ended June 30, 2019, consistent with HKD 0 in the same period of 2018[19]. Income and Expenses - The company reported a decrease in commission and brokerage fees from securities trading on the Stock Exchange, totaling HKD 2,080,842, down from HKD 2,171,054 in the previous year[15]. - Interest income from clients, including margin clients, increased to HKD 8,204,117 from HKD 7,744,461 in 2018[15]. - Interest income from customer securities and margin accounts for the three months ended June 30, 2019, was approximately HKD 3,200,000, an increase of about 17.1% from HKD 2,700,000 in the same period of 2018[25]. - The company's administrative expenses decreased by approximately 16.3% to HKD 4,600,000 for the three months ended June 30, 2019, down from HKD 5,500,000 in the same period of 2018[30]. - The financing costs for the period were recorded at HKD 52,964, with no financing costs reported in the previous year[6]. - The company experienced a net loss from financial assets measured at fair value through profit or loss, amounting to HKD 1,639,725 for the period[6]. Assets and Investments - The company's total assets as of June 30, 2019, amounted to HKD 245,217,243, an increase from HKD 237,261,396 at the beginning of the period[8]. - The total value of the investment portfolio as of June 30, 2019, was approximately HKD 61,700,000, an increase from HKD 58,800,000 as of March 31, 2019[28]. - The company does not have plans for significant investments or acquisitions as of June 30, 2019, but will actively seek investment opportunities to enhance profitability[31]. - The company aims to expand its client base and strengthen its trading platform to develop its brokerage and underwriting businesses[32]. Stock Options - The company has a stock option plan adopted on February 22, 2011, with a total of 110,000,000 shares available for grant, representing 5% of the total shares as of June 30, 2019[35]. - As of June 30, 2019, a total of 100,000,000 stock options have been granted under the plan, equivalent to approximately 4.55% of the issued share capital[38]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model[41]. - The exercise price of the stock options granted is set at HKD 0.2275, with a weighted average exercise price of HKD 0.2275[39]. - The expected volatility used in the fair value calculation was 55.019%[41]. - The maximum number of shares that can be issued upon exercise of stock options granted under the plan is capped at 1% of the issued shares as of the grant date[38]. - The company has granted a total of 60,000,000 stock options to directors, with each director receiving 20,000,000 options[44]. - The stock options granted to directors are valid from April 9, 2014, to April 8, 2023[39]. - The company must obtain shareholder approval for any further grants exceeding the 1% limit within a 12-month period[38]. Governance and Compliance - The board of directors is composed of experienced individuals who hold regular meetings to discuss operational matters affecting the group[53]. - The company has established an audit committee to review and supervise its financial reporting procedures and internal controls[55]. - The company has complied with all corporate governance code provisions as per GEM Listing Rules, with a noted deviation regarding the separation of roles between the chairman and the CEO[51]. Shareholding - Zillion Profit Limited and Ms. Ou Xueming hold 1,500,000,000 shares, representing 68.18% of the company's total issued share capital[45]. - No other interests or positions in shares or related securities were reported by directors or key executives as of June 30, 2019[42]. Securities Transactions - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[48]. Foreign Exchange - The company recorded a foreign exchange loss of HKD 17,950 for the three months ended June 30, 2019, compared to a loss of HKD 32,836 in the same period of 2018[4].

Financial Performance - Total revenue and investment income for the year was approximately HKD 50.3 million, a decrease of about 5.5% compared to the previous fiscal year[22] - Profit attributable to owners of the company was HKD 12.5 million, down approximately 24.0% year-on-year[22] - The value of the investment portfolio as of March 31, 2019, was approximately HKD 58.8 million, compared to approximately HKD 67.3 million in the previous fiscal year[22] - The total revenue and investment income for the year amounted to approximately HKD 50,300,000, a decrease of about 5.5% or HKD 2,900,000 compared to HKD 53,200,000 in 2018[26] - Commission and brokerage fees from securities trading were HKD 9,286,317, down 6.7% from HKD 9,953,071 in the previous year[26] - Interest income from clients, including margin clients, increased by 9.1% to HKD 31,319,620 from HKD 28,704,899[26] - The total trading volume for securities increased by approximately 24.3% to HKD 155,399,900,000 from HKD 124,978,800,000[29] - Interest income from loan financing services rose to approximately HKD 21,200,000, compared to HKD 17,000,000 in the previous year[31] Business Strategy and Outlook - The company plans to continue expanding its core business and exploring new business opportunities despite economic uncertainties[23] - The company aims to enhance its customer base and strengthen its trading platform to drive business growth[23] - The outlook for the Hong Kong financial market remains volatile, with the group focusing on expanding its client base and enhancing its trading platform[56] Financial Position and Ratios - The group's cash and bank balances decreased by approximately 30.1% to HKD 21,000,000 from HKD 30,100,000[38] - The current ratio as of March 31, 2019, was approximately 2.4 times, down from 3.5 times in the previous year[38] - The asset-to-equity ratio was 0.8% at the end of the reporting period, compared to zero in the previous year[38] - The group has maintained sufficient liquidity to meet its financial obligations, adhering to regulatory capital requirements[54] Corporate Governance - The board of directors is committed to high standards of corporate governance, ensuring effective risk management and oversight[60] - The company has adopted a code of conduct for directors' securities trading, confirming compliance with GEM Listing Rules, with no violations noted during the fiscal year ending March 31, 2019[64] - All independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring compliance with governance standards[70] - The board held regular meetings, with attendance rates for directors at 100% for key members, indicating strong engagement in governance[71] - The company has no chairman currently, with daily operations overseen by the CEO, ensuring clear division of responsibilities[75] - The board is responsible for setting operational strategies and reviewing financial performance, with a focus on maximizing long-term shareholder value[67] - The company will arrange for the re-election of a new chairman at an appropriate time, indicating ongoing governance improvements[78] - All directors have received training on their responsibilities and relevant regulations, ensuring compliance and enhancing governance awareness[72] - The company maintains a robust accounting record system to monitor overall financial status, ensuring transparency and accountability[67] - The board is committed to communicating with major shareholders and regulatory bodies, reinforcing stakeholder engagement[67] Environmental and Social Responsibility - The total greenhouse gas emissions for the year 2019 were 76,496.49 kg CO2 equivalent, a decrease from 78,426.46 kg CO2 equivalent in 2018, representing a reduction of approximately 2.5%[106] - The energy consumption from purchased electricity in 2019 was 96,831.00 kWh, down from 99,274.00 kWh in 2018, indicating a decrease of about 2.9%[111] - The energy intensity for 2019 was 262.54 kWh per square meter, compared to 269.16 kWh per square meter in 2018, reflecting an improvement of approximately 2.5%[111] - The company did not generate any hazardous waste during the reporting period, with only 12 kg of recyclable paper disposed of in 2019, down from 16 kg in 2018[112] - The company has implemented various energy-saving measures, including the use of energy-efficient office equipment and encouraging employees to turn off computers and lights after work[110] - The company has not identified any significant violations of applicable environmental laws and regulations during the reporting period[113] - The company provides equal opportunities to employees and encourages a healthy work-life balance, offering various benefits including medical insurance and paid leave[114] - The company has not encountered any significant violations of employment laws and regulations during the reporting period[115] - The company has sponsored various community service activities, including sports teams, to promote employee engagement and well-being[116] Share Options and Remuneration - As of March 31, 2019, the total unexercised share options granted under the share option scheme amounted to 60,000,000 shares, representing approximately 2.73% of the company's equity[149] - The exercise price for the share options is set at HKD 0.2275 per share, valid until April 8, 2023[149] - The company has adopted a share option scheme to incentivize directors and eligible employees, which was established on February 22, 2011[161] - The share option scheme is designed to attract and retain top talent, providing additional rewards to employees, directors, and business partners[161] - The remuneration policy for directors is based on their experience, responsibilities, workload, and time dedicated to the group[157] Audit and Internal Control - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2019, in accordance with Hong Kong Financial Reporting Standards[194] - The assessment of impairment for trade and loan receivables is identified as a key audit matter due to the uncertainty and management judgment involved, which significantly impacts the group's financial performance and capital[197] - The auditor's procedures included evaluating the design and effectiveness of internal controls related to loan and advance monitoring, as well as comparing loan balances with supporting documentation[200]

Financial Performance - For the nine months ended December 31, 2018, the company recorded unaudited revenue of approximately HKD 36,700,000, an increase of about 0.4% compared to the same period last year[3] - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2018, was approximately HKD 19,100,000, representing an increase of about 1.9% year-on-year[3] - Basic and diluted earnings per share for the nine months ended December 31, 2018, were approximately HKD 0.87, compared to HKD 0.85 for the same period in 2017[3] - Total comprehensive income for the nine months ended December 31, 2018, was HKD 19,061,920, compared to HKD 18,701,290 for the same period in 2017[5] - The profit attributable to owners of the company for the nine months ended December 31, 2018, was approximately HKD 19,100,000, an increase from HKD 18,700,000 in 2017[34] Revenue Breakdown - The group's revenue from continuing operations for the nine months ended December 31, 2018, was approximately HKD 39,000,000, an increase of about 0.3% compared to approximately HKD 38,900,000 for the same period in 2017[25] - Securities and futures brokerage income increased approximately 3.6% to about HKD 7,200,000 for the nine months ended December 31, 2018, from approximately HKD 6,900,000 for the same period in 2017[26] - Interest income from loan and financing activities increased to approximately HKD 15,300,000 for the nine months ended December 31, 2018, compared to approximately HKD 12,100,000 for the same period in 2017[28] - The total trading volume for securities transactions was approximately HKD 138,996,200,000 for the nine months ended December 31, 2018, compared to approximately HKD 81,450,100,000 for the same period in 2017[26] Expenses and Losses - The company’s administrative expenses for the nine months ended December 31, 2018, were HKD (17,748,623), compared to HKD (17,487,925) for the same period in 2017[5] - The company experienced a significant decrease of approximately 94.0% in securities advisory service commission, dropping to HKD 60,000 for the nine months ended December 31, 2018, from HKD 1,000,000 for the same period in 2017[29] - The company’s total income from placement and underwriting commissions decreased by approximately 98.2% to about HKD 5,000 for the nine months ended December 31, 2018, from approximately HKD 280,000 for the same period in 2017[30] - The company experienced a net fair value change of HKD (2,817,440) for the three months ended December 31, 2018, compared to HKD 1,467,522 in the same period of 2017[5] - The company’s foreign exchange gains/losses showed a net loss of HKD 39,035 for the three months ended December 31, 2018, compared to a gain of HKD 656 for the same period in 2017[18] Dividends and Share Options - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[3] - The total number of share options granted under the share option scheme as of December 31, 2018, was 100,000,000 shares, representing approximately 4.55% of the issued share capital[41] - The fair value of the share options granted was HKD 8,275,000, calculated using the Black-Scholes model[44] - The company has granted a total of 60,000,000 unexercised share options to directors as of December 31, 2018[47] Corporate Governance - The company has not adopted any new accounting standards that have a significant impact on the unaudited consolidated financial statements for the period[12] - The company has not established a chairman position, with daily operations managed by the CEO and executive directors[57] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2018, ensuring compliance with applicable accounting standards[60] - The company adhered to all corporate governance code provisions during the nine months ended December 31, 2018, with some deviations noted regarding the separation of roles between the chairman and CEO[56] - The company is committed to high standards of corporate governance to protect shareholder interests and assets[56] Future Plans - The company has no significant investment or acquisition plans as of December 31, 2018, but will actively seek investment opportunities to enhance profitability[36] - The company aims to expand its margin and loan financing business as well as securities advisory services to meet client needs[37] Shareholding Structure - As of December 31, 2018, Zillion Profit Limited and Ms. Ou Xueming each held approximately 1,500,000,000 shares, representing 68.18% of the company's total shares[50] - The company has no knowledge of any other individuals holding 5% or more of the issued share capital as of December 31, 2018[51] Compliance and Awareness - No directors were aware of any business or interests that would compete with the group's business during the nine months ended December 31, 2018[53] - The company confirmed compliance with the trading code for directors during the nine months ended December 31, 2018[55] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[52]