Financial Performance - The total revenue for the group during the reporting period was approximately HKD 10,700,000, with a net loss of about HKD 6,800,000[5]. - The group's revenue for the three months ended March 31, 2022, was approximately HKD 10,700,000, a decrease of about 5% compared to the same period last year[22]. - For the three months ended March 31, 2022, the company reported revenue of HKD 10,657,918, a decrease of 5.3% from HKD 11,255,273 for the same period in 2021[39]. - The gross profit for the same period was HKD 6,770,098, compared to HKD 7,073,943 in the previous year, reflecting a decline of 4.3%[39]. - The group recorded a loss attributable to owners of approximately HKD 6,900,000 for the three months ended March 31, 2022, compared to a loss of approximately HKD 5,300,000 in the same period last year[23]. - The company recorded a loss before tax of HKD (6,550,160), which is an increase of 34.3% from a loss of HKD (4,876,175) in the prior year[39]. - The net loss for the period was HKD (6,754,636), compared to a net loss of HKD (5,119,765) in the same quarter of 2021, representing a year-over-year increase of 32.0%[42]. - Basic and diluted loss per share was HKD (12.05), compared to HKD (9.24) for the same period last year, indicating a deterioration in earnings per share[42]. - The group's EBITDA for the three months ended March 31, 2022, was approximately HKD 3,800,000, compared to approximately HKD 2,200,000 in the previous year[23]. - The company's administrative expenses were HKD (13,004,620), compared to HKD (12,078,439) in the previous year, reflecting a rise of 7.6%[39]. Revenue Breakdown - Revenue from the advertising and media business was approximately HKD 8,600,000, which has not yet recovered to pre-COVID-19 levels[5]. - The advertising and media segment generated revenue of HKD 8,614,294, while the financial services segment contributed HKD 2,043,624[57]. - Revenue from customer contracts was HKD 8,744,580, while revenue from other sources was HKD 1,913,338, leading to total revenue of HKD 10,657,918[52]. - Revenue from Hong Kong customers was HKD 5,723,303, down from HKD 7,094,462, representing a decline of 19.3%[53]. - Revenue from Singapore customers was HKD 4,934,615, an increase of 10.5% compared to HKD 4,466,762 in the previous year[53]. - The financial services segment generated revenue of approximately HKD 2,000,000 during the reporting period[5]. Business Operations and Strategy - The group expanded its digital outdoor media network to cover 1,564 selected locations in Hong Kong and Singapore, an increase from 1,519 locations year-on-year[9]. - The group aims to capitalize on potential high-net-worth clients in China to expand its margin financing business[8]. - The group continues to upgrade flat screens to programmatic digital out-of-home (pDOOH) displays in Singapore, anticipating significant growth in this area over the coming years[11]. - The group holds exclusive advertising sales rights for three LED panels in prime locations in Hong Kong, including Causeway Bay, Tsim Sha Tsui, and Mong Kok, which are among the busiest shopping and dining areas[12]. - The group has established exclusive partnerships for large static screens targeting SMEs at AZ @ Paya Lebar and Ark @ KB, both located in busy commercial and industrial centers[16]. - The group has expanded its partnership with HarbourFront Centre, promoting various advertising formats within this mixed-use development[18]. - The company is exploring various ways to increase financial resources for Cornerstone Securities to support business growth[8]. Capital and Financing - The company proposed a rights issue in January 2022 to raise approximately HKD 65,000,000, which was completed in April 2022[5]. - The group raised approximately HKD 65,380,000 from a rights issue completed on April 26, 2022, issuing 172,063,836 new shares at a subscription price of HKD 0.38 per share[26]. - As of March 31, 2022, the group's net current assets were approximately HKD 156,000,000, down from HKD 165,000,000 as of December 31, 2021[25]. - The group's debt ratio as of March 31, 2022, was approximately 2.2%, slightly down from 2.3% as of December 31, 2021[27]. Shareholder Information - As of March 31, 2022, the company had a total of 57,354,612 shares issued, which increased to 229,418,448 shares after the rights issue completed on April 26, 2022[74][76]. - Anshilei holds 6,800,000 shares, representing approximately 11.86% of the company's equity[72]. - Liu Yanhong holds 5,160,000 shares, which is approximately 9.00% of the company's equity before the rights issue, reducing to about 2.25% after[74]. - Shuxiong Securities Limited and Zhihua Securities Limited each hold 86,031,918 shares, accounting for 37.50% of the company's equity[73]. Compliance and Governance - The audit committee has reviewed the unaudited financial information for the three months ending March 31, 2022, ensuring compliance with applicable accounting standards and legal requirements[82]. - There were no reported conflicts of interest or competitive activities involving directors or major shareholders during the same period[79]. - The company did not redeem any of its listed securities or purchase/sell any listed securities during the three months ending March 31, 2022[77]. Other Information - The company has not reported any new product developments or market expansions during this quarter[46]. - The total capital expenditure for the period was HKD 54,364[57]. - The company has identified its operating segments as advertising and media, financial services, and skincare product retail, with the latter being inactive since 2019[55]. - The company’s total assets and liabilities as of March 31, 2022, were not disclosed in the provided documents[55].

Financial Performance - For the fiscal year ended December 31, 2021, the company reported total revenue of approximately HKD 56,133,391, an increase from HKD 50,973,229 in 2020, representing an increase of 2.3%[6] - The company incurred a net loss of HKD 14,301,244 for the fiscal year, a significant improvement compared to a net loss of HKD 59,198,261 in 2020[6] - The financial services segment reported total revenue of approximately HKD 12,700,000 for the fiscal year[13] - The company's revenue for the year ended December 31, 2021, was approximately HKD 56,100,000, representing an increase of about 10% compared to the previous year[41] - Revenue from advertising and media services increased by approximately 16% to about HKD 43,400,000, although it has not yet recovered to pre-COVID-19 levels[41] - The financial services segment generated approximately HKD 12,700,000 in revenue, which included margin loan interest income of about HKD 9,700,000[41] - The group's gross profit for the year ended December 31, 2021, was approximately HKD 37,000,000, an increase of about 14% compared to the previous year, with a gross margin rising from 64% to 66%[43] - The group's EBITDA for the year ended December 31, 2021, was approximately HKD 1,300,000, down from approximately HKD 14,900,000 in the previous year[43] - The loss attributable to equity holders of the parent for the year ended December 31, 2021, was approximately HKD 15,500,000, a significant reduction from HKD 58,100,000 in the previous year, primarily due to improved revenue and gross profit[43] Business Segments - The advertising and media business generated revenue of approximately HKD 43,400,000, which has not yet recovered to pre-COVID-19 levels of HKD 77,600,000 as of December 31, 2019[12] - The company plans to continue focusing on its advertising and media business while exploring opportunities from its film assets in the current challenging business environment[12] - The company is actively seeking new business opportunities in financial services, including acting as placement agents and underwriters[12] - The company's subsidiary, Cornerstone Securities, contributed over 76% of the group's revenue from margin financing interest income during the fiscal year[16] Impact of COVID-19 - The overall performance and financial results of the company were impacted by the ongoing COVID-19 pandemic, which has created economic uncertainty[12] - The advertising and media business continues to be significantly impacted by the COVID-19 pandemic, particularly due to the Omicron variant and related restrictions in Hong Kong and Singapore[28] - Future performance is contingent on the lifting of social distancing and work-from-home restrictions in Hong Kong and Singapore[29] Assets and Liabilities - Total assets were valued at HKD 240,426,903, while total liabilities amounted to HKD 69,778,071, resulting in a net asset value of HKD 170,648,832[6] - As of December 31, 2021, the company had margin financing loans amounting to approximately HKD 90,100,000 granted to margin account clients[13] - The net current assets as of December 31, 2021, were approximately HKD 165,000,000, compared to HKD 177,000,000 in 2020, with cash and cash equivalents at HKD 102,000,000, up from HKD 83,000,000[60] - The debt ratio as of December 31, 2021, was approximately 2.3%, an increase from 1.6% in 2020[61] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 throughout the fiscal year ending December 31, 2021[88] - The board of directors held a total of 10 meetings during the fiscal year, including four regular meetings[94] - Attendance rates for board meetings were high, with the chairman attending 9 out of 10 meetings and the vice chairman attending all 10 meetings[96] - The company has appointed independent non-executive director Huang Minkang on July 16, 2021, enhancing the board's governance structure[90] - The company has established a clear separation of roles between the chairman and the CEO to ensure effective management and oversight[100] - The board is committed to continuously improving the efficiency and effectiveness of corporate governance practices[88] - The company has implemented a code of conduct for securities trading in compliance with GEM Listing Rules[89] - The audit committee held five meetings during the fiscal year, with all members actively participating[114] - The audit committee reviewed the effectiveness of the company's internal control and risk management systems[115] Environmental, Social, and Governance (ESG) - The company aims to reduce energy consumption and carbon emissions, focusing on sustainable operational models[177] - The company has established effective management policies and internal control systems regarding environmental, social, and governance matters[173] - The company complies with significant environmental laws and regulations in Hong Kong, with no major violations reported during the reporting period[178] - The company emphasizes stakeholder engagement and considers their expectations in operational strategies and governance measures[169] - The environmental, social, and governance report is prepared according to the GEM listing rules guidelines[163] - The company has implemented measures to manage greenhouse gas emissions and non-hazardous waste during its operations[177] - The company recognizes the importance of integrating environmental, social, and governance principles into its risk management system[161] - The company has not faced significant concerns from government departments regarding pollution control during the reporting period[178] - Total greenhouse gas emissions for the year ended December 31, 2021, were approximately 37.9 tons, a decrease from 46.1 tons in 2020, with emissions per employee rising to 0.70 tons from 0.66 tons[185] - The company generated 0.2 tons of paper waste and 8.4 toner cartridges in 2021, compared to 0.3 tons of paper waste and 9.2 toner cartridges in 2020, indicating a reduction in both categories[180]

Financial Performance - For the period ending September 30, 2021, Cornerstone Financial Holdings Limited reported total revenue of approximately HKD 40,000,000 and a net loss of approximately HKD 13,000,000[5]. - The group's revenue for the nine months ended September 30, 2021, was approximately HKD 40,169,006, representing a 6% increase compared to HKD 37,766,238 in the same period last year[25]. - Gross profit for the same period was approximately HKD 26,420,047, also reflecting a 6% increase from HKD 24,990,593 year-on-year[25]. - The group recorded a net loss of approximately HKD 13,063,014 for the nine months ended September 30, 2021, an improvement from a net loss of HKD 20,951,465 in the previous year[25]. - The company incurred a loss before tax of HKD 11,816,760 for the nine months ended September 30, 2021, compared to a loss of HKD 19,707,465 for the same period in 2020, reflecting an improvement of approximately 40.1%[43]. - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 13,133,437, a decrease from HKD 21,359,804 for the same period in 2020, showing a reduction of about 38.5%[45]. - The company’s total comprehensive income attributable to owners of the parent for the nine months ended September 30, 2021, was HKD (13,644,019), compared to HKD (20,974,393) for the same period in 2020, showing an improvement of approximately 34.9%[45]. - The company reported a total administrative expense of HKD 38,203,319 for the nine months ended September 30, 2021, compared to HKD 44,818,981 for the same period in 2020, a decrease of about 14.9%[43]. - The group’s cash and cash equivalents as of September 30, 2021, were approximately HKD 75,000,000, down from HKD 83,000,000 as of December 31, 2020[30]. - The group maintained a debt ratio of approximately 1.6% as of September 30, 2021, consistent with the previous year[31]. - The group reported a loss per share of approximately HKD 0.2379, an improvement from HKD 0.3657 in the same period last year[29]. Revenue Segmentation - The advertising and media business generated revenue of approximately HKD 31,000,000 during the reporting period, compared to HKD 28,000,000 for the same period in 2020, but still below the pre-COVID-19 level of approximately HKD 62,000,000[5]. - The financial services segment recorded total revenue of approximately HKD 10,000,000 with a pre-tax operating profit of approximately HKD 3,000,000[8]. - The financial services segment generated revenue of HKD 9,616,120, while the Advertising and Media segment contributed HKD 30,552,886 for the same period[64]. - The group reported revenue from customer contracts of HKD 32,622,900 for the nine months ended September 30, 2021, representing an increase of 17.3% compared to HKD 27,728,096 for the same period in 2020[58]. - The overall revenue from advertising and media services increased by approximately 11% year-on-year, driven by a stable pandemic situation in Hong Kong[26]. Advertising and Media Expansion - As of September 30, 2021, the company has installed brand display screens in 1,549 buildings across Hong Kong and Singapore[11]. - The company holds exclusive advertising sales rights for four large LED panels in high-traffic shopping and dining areas in Hong Kong[11]. - The group continues to hold exclusive advertising sales rights for multiple strategic LED panels located in high-traffic areas, including Mong Kok and Tsim Sha Tsui, targeting both local residents and tourists[16][17]. - The group has expanded its outdoor media network in Singapore, now owning a total of 12 outdoor locations, including new partnerships with prominent commercial properties[17][21]. - The group has established exclusive partnerships with various commercial developments, such as HarbourFront Centre and Waterway Point, to promote diverse advertising formats[21]. - The LED advertising space at Galaxis, located above One-North MRT station, is part of a strategic initiative to connect various commercial buildings within the One-North business hub[20]. - The group has maintained its advertising rights for key locations in Singapore's Orchard Road area, targeting shoppers in a high-traffic underground passage[20]. - The group continues to focus on expanding its digital outdoor media network, gradually increasing selected locations and seeking new static/LED outdoor sites[21]. - The advertising panel at AZ @ Paya Lebar is strategically positioned to capture traffic from a major highway, enhancing visibility to a dense flow of vehicles[19]. - The group holds exclusive advertising rights for LED panels in various high-traffic commercial areas, ensuring a strong presence in the market[16][17]. Cost Management and Operational Efficiency - Administrative expenses decreased by approximately 15% to HKD 38,200,000, primarily due to reduced operating costs, particularly in employee and marketing expenses[28]. - The group's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the nine months was approximately HKD (3,395,649), compared to HKD 1,832,735 in the previous year, indicating a significant operational challenge[25]. - Operational efficiency improvements have led to a reduction in costs by G%, enhancing overall profitability[92]. Future Outlook and Strategic Initiatives - The management remains cautiously optimistic about economic recovery and is exploring fundraising opportunities to support business expansion[5]. - The company plans to explore opportunities in film assets due to the recent release of superhero movies[5]. - Future outlook indicates a projected revenue growth of B% for Q4 2021, driven by new product launches and market expansion strategies[92]. - The company is investing in R&D for innovative financial technologies, with a budget allocation of C million for the upcoming fiscal year[92]. - Market expansion efforts include entering D new regions, aiming to increase market share by E%[92]. - Cornerstone Financial is exploring potential acquisitions to enhance its service offerings and customer base, with a focus on companies in the fintech sector[92]. - The company has introduced a new product line that is expected to contribute F million in revenue over the next year[92]. - The management team emphasized the importance of strategic partnerships to drive growth and innovation in the financial services industry[92]. - Cornerstone Financial Holdings Limited remains committed to shareholder value, with plans to increase dividends by H% in the next quarter[92]. Shareholder Information - The company did not propose any dividends for the nine months ended September 30, 2021, consistent with the previous year[36]. - The company had no repurchase of its listed securities during the nine months ended September 30, 2021[86]. - The board approved the unaudited condensed consolidated financial information for the third quarter on November 11, 2021[70]. - As of September 30, 2021, the company had a total of 57,354,612 shares issued, with major shareholders holding significant stakes[76]. - Anson Lee held 6,800,000 shares, representing approximately 11.86% of the company's equity[74]. - Liu Yan Hong held 10,200,000 shares, accounting for approximately 17.78% of the company's equity[82]. - The company did not adopt any new share option plans or grant any share options during the nine months ended September 30, 2021[80]. Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial information for the nine months ended September 30, 2021, ensuring compliance with applicable accounting standards[90]. - There were no transactions involving the company's securities that violated the GEM Listing Rules during the nine months ended September 30, 2021[88]. - The company maintained compliance with corporate governance principles and standards throughout the reporting period[89].

Financial Performance - For the period ending June 30, 2021, the total revenue of Cornerstone Financial Holdings Limited was approximately HKD 26,600,000, a slight increase from HKD 26,200,000 in the same period last year, reflecting ongoing challenges from the COVID-19 pandemic[7]. - The group's revenue for the six months ended June 30, 2021, was approximately HKD 26,600,000, representing a year-on-year increase of about 1.5%[29]. - The group reported total revenue of HKD 26,644,274 for the six months ended June 30, 2021, an increase from HKD 26,238,516 for the same period in 2020, representing a growth of 1.55%[45]. - Revenue from customer contracts amounted to HKD 21,651,927 for the six months ended June 30, 2021, up from HKD 19,607,835 in 2020, reflecting a growth of 10.4%[73]. - The revenue breakdown by segment shows advertising and media services generated HKD 10,299,087, while financial services contributed HKD 1,555,947 for the six months ended June 30, 2021[73]. Profitability and Loss - Gross profit for the same period was approximately HKD 17,700,000, with a gross margin of about 66%[29]. - The net loss attributable to shareholders for the six months was approximately HKD 5,900,000, a significant improvement from a loss of approximately HKD 14,800,000 in the same period last year[32]. - The net loss attributable to equity holders for the six months ended June 30, 2021, was HKD 5,854,365, compared to a loss of HKD 14,789,652 in the same period of 2020, showing an improvement of 60.5%[48]. - The company reported a pre-tax loss of HKD 4,619,478 for the six months ended June 30, 2021, a significant improvement from a loss of HKD 14,040,295 in the same period of 2020[86]. Expenses and Cost Management - The group's administrative expenses decreased by approximately 24% to about HKD 22,900,000, primarily due to a reduction in operating costs, particularly employee costs[29]. - The total employee costs for the six months were approximately HKD 13,000,000, down from HKD 20,000,000 in the previous year[40]. - The company’s management compensation decreased to HKD 1,184,363 for the six months ended June 30, 2021, from HKD 1,413,221 in the same period of 2020, a reduction of approximately 16%[122]. Assets and Liabilities - The group's current assets as of June 30, 2021, were approximately HKD 172,000,000, with cash and cash equivalents around HKD 80,000,000[33]. - The total assets as of June 30, 2021, amounted to HKD 200,249,087, a decrease from HKD 210,487,210 as of December 31, 2020, representing a decline of 4.9%[50]. - Current liabilities increased to HKD 65,751,777 as of June 30, 2021, compared to HKD 40,582,677 at the end of 2020, indicating a rise of 62.0%[50]. - Total liabilities increased to HKD 27,881,921 as of June 30, 2021, compared to HKD 19,365,711 at the end of 2020, marking an increase of approximately 44%[111]. Market and Business Outlook - The management remains cautiously optimistic about the future economic direction, anticipating that the business outlook will stabilize as vaccination efforts continue[7][12]. - The company plans to explore various financing options to support and expand its business amid the ongoing pandemic challenges[12]. - The management team is confident that the financial services division will continue to deliver positive results, supported by an experienced management team[12]. Advertising and Media Segment - The advertising and media business, which is a major revenue contributor, showed a slight recovery with revenues increasing from approximately HKD 19,500,000 in 2020 to HKD 20,000,000 in 2021, although it has not fully returned to pre-pandemic levels[7]. - The group continues to hold exclusive advertising sales rights for four LED panels located in prime shopping areas such as Causeway Bay, Tsim Sha Tsui, and Mong Kok, which are among the busiest shopping and dining districts in Hong Kong[15]. - The group has expanded its outdoor media network in Singapore to a total of twelve locations, including three key sites in the Raffles Green area, enhancing its market presence[20]. Share Capital and Governance - The total issued and paid-up share capital remains at HKD 573,546 as of June 30, 2021, unchanged from December 31, 2020[116]. - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[159]. - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards[160]. Cash Flow and Financing Activities - The company reported a net cash inflow from operating activities of HKD 1,654,801 for the six months ended June 30, 2021, a decrease of 75% compared to HKD 6,622,221 for the same period in 2020[58]. - The company reported a net cash outflow from financing activities of HKD 4,363,288 for the six months ended June 30, 2021, compared to HKD 7,926,206 for the same period in 2020[58].

基 石 金 融 控 股 有 限 公 司 CORNERSTONE FINANCIAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：8112 annumme WILLIAM UNITED A WILLIAN HINDIA ITTITUTION WANTH PHOTO THE PERSONAL WAS OF LESCRIPTI US UNITIS SUFFICIAL 1st Quarterly Repor 香港聯合交易所有限公司（「聯交所」）GEM之特點 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的中小型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。 鑒於GEM上市公司通常為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波 動風險，同時無法保證在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及聯交所對本報告的內容概不負責，對其準確性或完 ...

基 石 金 融 控 股 有 限 公 司 CORNERSTONE FINANCIAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：8112 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | THE PERFECT PARTY ...

Financial Performance - For the period ending September 30, 2020, Cornerstone Financial Holdings Limited reported total revenue of approximately HKD 38,000,000 and a loss attributable to shareholders of approximately HKD 21,000,000[11]. - Revenue from continuing operations for the nine months ended September 30, 2020, was approximately HKD 37,800,000, a decrease of about 48% compared to the same period last year[35]. - The group recorded a net loss attributable to owners of the parent of approximately HKD 21,000,000 for the nine months ended September 30, 2020, compared to a loss of approximately HKD 6,300,000 in the same period last year[36]. - The company reported a loss before tax of HKD 19,707,465 for the nine months ended September 30, 2020, compared to a loss of HKD 3,914,025 in the same period of 2019[53]. - The total comprehensive loss for the nine months ended September 30, 2020, was HKD 21,359,804, compared to HKD 5,812,632 in the previous year[56]. - The company reported a loss attributable to owners of the parent of HKD 20,974,393 for the nine months ended September 30, 2020, compared to a loss of HKD 6,340,633 for the same period in 2019[85]. - Basic and diluted loss per share for the nine months ended September 30, 2020, was HKD 0.37, compared to HKD 0.11 for the same period in 2019[56]. - Total revenue for the nine months ended September 30, 2020, was HKD 37,766,238, a decrease from HKD 73,149,829 for the same period in 2019, representing a decline of approximately 48.3%[75]. Business Segments - The financial services segment generated total revenue of approximately HKD 10,000,000, with a pre-tax operating profit of about HKD 1,000,000, primarily impacted by changes in the fair value of listed equity investments[11]. - The advertising and media business remains the primary source of revenue for the group, with a well-established digital outdoor media network operating in Hong Kong and Singapore[11]. - The segment profit from advertising and media services was HKD 10,596,681, while the financial services segment reported a profit of HKD 19,861,130, contributing to the overall performance[75]. - The company plans to continue focusing on financial services, including securities trading and brokerage services, as well as advertising and media services[61]. Operational Developments - The number of selected locations for digital outdoor media screens increased to 1,562 as of September 30, 2020, compared to 1,460 in the same period last year[17]. - The company has initiated a large outdoor media network in Hong Kong, which includes ten locations, eight of which are large LED panels[18]. - The company has expanded its digital media panel operations by adding two larger LED panels, bringing the total to eight strategically located panels in key areas such as Central, Causeway Bay, Tsim Sha Tsui, Mong Kok, and Kwun Tong[20]. - Exclusive advertising sales rights have been secured for LED panels at Hilton Tower in Tsim Sha Tsui and at 655 Nathan Road in Mong Kok, both of which are positioned in high-traffic areas attracting thousands of pedestrians daily[20][21]. - The company has established a partnership for outdoor advertising locations in Singapore, including three key sites in the Raffles Green area, enhancing its presence in the financial district[25]. - The company is targeting small and medium enterprises with large static screens in strategic locations like AZ @ Paya Lebar and Ark @ KB, which are situated in busy commercial and industrial centers[26]. - The company anticipates a gradual recovery in its advertising and media business following the COVID-19 pandemic, with expectations for improvement in Q4 2020 if no further large-scale outbreaks occur in Singapore and Hong Kong[30]. Financial Position - As of September 30, 2020, the group's current assets net value was approximately HKD 198,000,000, compared to HKD 219,000,000 as of December 31, 2019[37]. - The group's debt ratio as of September 30, 2020, was approximately 0.7%, unchanged from December 31, 2019[38]. - The company’s total equity as of September 30, 2020, was HKD 222,870,078, a decrease from HKD 259,310,982 at the end of 2019[58]. - The group had a total employee cost of approximately HKD 28,000,000 for the nine months ended September 30, 2020, down from HKD 32,000,000 in the same period last year[46]. - The group held listed investments of approximately HKD 700,000 as of September 30, 2020, down from HKD 7,100,000 as of December 31, 2019[47]. Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules throughout the nine months ending September 30, 2020[111]. - The audit committee has reviewed the unaudited consolidated financial information for the nine months ending September 30, 2020, ensuring compliance with applicable accounting standards[112]. - No directors or major shareholders engaged in any business that competes with the group during the nine months ending September 30, 2020[108]. - The company is committed to improving corporate governance principles and practices continuously[111]. Future Outlook - Management maintains a cautiously optimistic outlook for business recovery post-COVID-19, supported by an experienced management team and a good industry reputation[15]. - The company plans to explore financing opportunities to enhance the capital base for its securities brokerage and margin financing businesses[15]. - Management will closely monitor market conditions and may adjust the development strategy for its asset management business accordingly[12]. - The company has not initiated any asset management business following the approval from the Securities and Futures Commission due to the uncertain global economic environment[12].

Financial Performance - For the period ending June 30, 2020, Cornerstone Financial Holdings Limited reported total revenue of approximately HKD 26,000,000 and a net loss attributable to shareholders of approximately HKD 15,000,000[5]. - Revenue from continuing operations for the six months ended June 30, 2020, was approximately HKD 26,200,000, a decrease of about 46% compared to the same period last year[24]. - The group recorded a loss attributable to equity holders of approximately HKD 14,800,000 for the six months ended June 30, 2020, compared to a loss of approximately HKD 1,300,000 in the same period last year[27]. - The total comprehensive loss for the period was HKD 15,654,544, compared to a comprehensive income of HKD 370,092 in the previous year[44]. - The company reported a loss from continuing operations of HKD 14,829,295 for the six months ended June 30, 2020, compared to a profit of HKD 36,597 in 2019[44]. - The total comprehensive loss for the period was HKD (15,615,737) for the six months ended June 30, 2020, compared to a total comprehensive loss of HKD (1,527,682) in the same period of 2019[54]. - The company reported a pre-tax loss of HKD 14,040,295 for the six months ended June 30, 2020, compared to a profit of HKD 734,597 in the same period of 2019[82]. - The company reported a loss attributable to owners of the parent of HKD 14,789,652 for the six months ended June 30, 2020, compared to a loss of HKD 1,310,995 for the same period in 2019, indicating a significant increase in losses[101]. Revenue Breakdown - For the six months ended June 30, 2020, total revenue was HKD 26,238,516, with advertising and media contributing HKD 19,501,599 and financial services contributing HKD 6,736,917[75]. - The geographical revenue breakdown shows that Hong Kong generated HKD 16,542,980 and Singapore HKD 9,695,536 for the six months ended June 30, 2020[85]. - Revenue from customer contracts for the six months ended June 30, 2020, was HKD 19,607,835, down from HKD 41,480,379 in 2019, representing a decline of 52.8%[90]. - The company's segment performance showed a significant drop in advertising and media revenue, which was HKD 9,941,286 for the six months ended June 30, 2020, compared to HKD 17,108,536 in 2019, a decline of 42.5%[93]. Financial Position - As of June 30, 2020, the group's current assets net value was approximately HKD 205,000,000, down from HKD 219,000,000 as of December 31, 2019[28]. - The company's net asset value decreased to HKD 228,575,338 from HKD 244,229,882 at the end of 2019, representing a decline of 6.4%[52]. - Total assets as of June 30, 2020, amounted to HKD 308,794,360, with segment assets for advertising and media at HKD 63,497,151 and financial services at HKD 236,286,177[75]. - Non-current assets decreased to HKD 43,390,089 as of June 30, 2020, from HKD 47,695,120 as of December 31, 2019, reflecting a decline of 9.7%[49]. - The company's cash and cash equivalents as of June 30, 2020, were approximately HKD 56,000,000, compared to HKD 61,000,000 as of December 31, 2019[28]. Operational Highlights - The financial services segment generated total revenue of approximately HKD 6,700,000, with a pre-tax operating profit of about HKD 160,000, primarily impacted by fair value changes in listed equity investments[5]. - Margin financing business provided approximately HKD 165,000,000 in margin loans to clients as of June 30, 2020[5]. - The management remains cautiously optimistic about the recovery of the economy post-COVID-19 and expects the financial services division to continue contributing stable revenue[5]. - The advertising and media business operates as a leading digital outdoor media company in Hong Kong and Singapore, with a significant network of display screens[10]. - The group has established brand display screens in 1,565 offices, commercial, and residential buildings in Hong Kong and Singapore as of June 30, 2020[12]. Impact of COVID-19 - The advertising and media business was severely impacted by the COVID-19 pandemic, particularly due to the lockdown in Singapore during April, May, and June[20]. - The group anticipates a gradual recovery of its Singapore business in the second half of the year, provided there are no sudden outbreaks of COVID-19[20]. - The management is actively monitoring market conditions and may adjust the development strategy for asset management business based on risk management and business returns[6]. Corporate Governance - The company has adopted the corporate governance principles and practices as per the GEM Listing Rules[160]. - The audit committee has been established to review risk management and internal control systems, consisting of three independent non-executive directors[162]. - The interim financial data for the six months ending June 30, 2020, has been reviewed by the audit committee and management, confirming compliance with applicable accounting standards and legal requirements[162]. - The company emphasizes full disclosure in its financial reporting as per the audit committee's recommendations[162]. Shareholder Information - As of June 30, 2020, the company had issued and fully paid ordinary shares totaling 57,354,612, with a share capital of HKD 114,709,224[116]. - Mr. An Xilei holds 17,000,000 shares, representing approximately 29.64% of the company's equity[146]. - The company did not recommend any dividend payment for the six months ended June 30, 2020, which was also the case for the same period in 2019[101].

Financial Performance - For the period ending March 31, 2020, Cornerstone Financial Holdings Limited reported total revenue of approximately HKD 15,800,000 and a net loss attributable to shareholders of approximately HKD 9,000,000[5]. - Revenue for the first quarter of 2020 was HKD 15,768,471, a decrease of 37% compared to HKD 24,966,446 in the same period of 2019[24]. - The company reported a net loss of HKD (9,202,607) for the first quarter of 2020, compared to a loss of HKD (5,784,172) in the same quarter of 2019[24]. - For the three months ended March 31, 2020, total revenue was HKD 15,768,471, with advertising and media services contributing HKD 12,447,732 and financial services contributing HKD 3,320,739[60]. - The loss attributable to equity holders of the parent for the three months was approximately HKD 9,000,000, compared to a loss of HKD 5,900,000 in the same period last year[29]. - The company reported a total comprehensive loss of HKD 10,193,655 for the period, which includes a loss of HKD 9,014,105[60]. - The company’s cumulative losses reached HKD 274,912,075 as of March 31, 2020[60]. - The company did not recommend any dividend for the three months ended March 31, 2020, consistent with the previous year[31]. Revenue Sources - The advertising and media business remains the primary source of revenue for the group, with a well-established digital outdoor media network in Hong Kong and Singapore[11]. - The financial services segment generated total revenue of approximately HKD 3,320,000, with a pre-tax operating loss of approximately HKD 1,980,000 during the reporting period[5]. - The adjusted profit before tax for the financial services segment was HKD 2,987,552, while the overall adjusted profit before tax for the group was HKD 8,043,798[60]. Operational Developments - The number of selected locations for digital outdoor media screens increased to 1,523 as of March 31, 2020, compared to 1,450 in the same period last year, representing a growth of approximately 5%[12]. - The company has expanded its outdoor media network in Singapore to a total of ten locations, enhancing its presence in key areas[16]. - The company aims to expand its digital outdoor media network by gradually adding selected locations and new static/LED outdoor sites[21]. - The company has a strategic focus on enhancing its outdoor media operations through partnerships with leading outdoor media owners in Thailand[21]. - The company continues to hold exclusive advertising sales rights for four LED panels in strategic locations in Hong Kong, including Causeway Bay and Tsim Sha Tsui[15]. Strategic Initiatives - The group plans to explore financing opportunities to enhance the capital base of its securities brokerage and margin financing businesses[10]. - The company is adjusting its corporate strategy by selling its asset management business, pending regulatory approval[6]. - The company plans to review its business strategy in the film development and production sector due to significant industry downturns and resource allocation[22]. - The company plans to implement a capital reorganization involving a share consolidation and reduction of share capital, as announced on April 7, 2020[75]. Financial Position - The net current assets as of March 31, 2020, were approximately HKD 209,000,000, down from HKD 219,000,000 as of December 31, 2019[30]. - As of March 31, 2020, total equity amounted to HKD 233,848,121, with non-controlling interests at HKD 18,020,447[60]. - The company’s share capital remained at HKD 114,709,224 as of March 31, 2020[60]. - The total employee costs for the three months ended March 31, 2020, were approximately HKD 9,900,000, down from HKD 11,200,000 in the same period last year[32]. Management Outlook - Management maintains a cautiously optimistic outlook for business recovery post-COVID-19, anticipating gradual improvement in the global business environment[9]. - The management team is confident that the financial services division will continue to contribute stable revenue to the group[10]. Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ended March 31, 2020[94]. - The audit committee has reviewed the unaudited condensed consolidated financial information for the three months ended March 31, 2020, ensuring compliance with applicable accounting standards[95]. - The company has established an audit committee to oversee risk management and internal control systems[95].

基石金融控股有限 公 司 Stock Code 股份代號：8112 (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) CORNERSTONE FINANCIAL HOLDINGS LIMITED Annual Report 年度報告 香港聯合交易所有限公司（「聯交所」）GEM之特點 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的中小型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。 鑒於GEM上市公司通常為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波動風險， 同時無法保證在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及聯交所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。 基石金融控股有限公司（「本公司」）各董事（「董事」）願就本報告所載內容共同及個別承擔全部責任。本報告乃遵照聯交 所GEM證 ...