Financial Performance - The Group reported a comprehensive performance for the year ended December 31, 2023, in compliance with GEM Listing Rules[3]. - The annual report includes a detailed financial summary, highlighting key metrics and performance indicators[12]. - The Board confirms that the information contained in the annual report is accurate and complete in all material respects[9]. - For the year ended December 31, 2023, the Group recorded revenue of approximately HK$156,940,000, representing an increase of 10.5% from HK$141,903,000 in 2022[23]. - The loss attributable to owners of the Company amounted to approximately HK$45,308,000, compared to a loss of HK$18,844,000 in 2022, indicating a significant increase in losses[23]. - Revenue from continuing operations increased by approximately 10.6% to HK$156,940,000 for the year, up from HK$141,903,000 in 2022, with gross profit rising to approximately HK$104,366,000 from HK$95,803,000[49][51]. - The financial services business generated revenue of approximately HK$9,149,000, down 40% from HK$15,214,000 in 2022[30]. - Interest income from the financial services business segment amounted to approximately HK$6,514,000 during the year, down from HK$8,957,000 in 2022[176]. Business Segments - The food and beverage business turnover increased to approximately HK$139,815,000, up 18.9% from HK$117,564,000 in 2022[32]. - The money lending business reported loan interest income of approximately HK$1,111,000, a decrease of 59% from HK$2,713,000 in 2022[24]. - The children education business turnover was approximately HK$4,598,000, slightly up from HK$4,500,000 in 2022[33]. - The food and beverage business generated revenue of approximately HK$139,815,000, an increase from HK$117,564,000 in the previous year, maintaining 11 restaurants in Hong Kong[55][60]. Impairment and Losses - The Group recorded a fair value loss on financial assets through profit or loss of approximately HK$13,232,000[31]. - An impairment loss of approximately HK$2,370,000 on property, plant, and equipment was recorded, with an additional HK$2,028,000 related to right-of-use assets for restaurant leases[57][60]. - The Group recorded an impairment loss on loans and interest receivables of approximately HK$4 million for the year ended December 31, 2023, compared to approximately HK$2 million for the corresponding period in 2022[102]. - The Group has recorded an impairment loss on loans and interest receivables of approximately HK$1.6 million for one loan and HK$2.6 million for another loan in 2023, with both loans fully impaired[113][114]. - The impairment loss of HK$1.3 million was primarily due to an individual with a margin shortfall of HK$3.6 million since January 2022, with an effective interest rate ranging from 13% to 18.9% per annum[165]. Credit Risk Management - The Group will continue to monitor the performance of its investments and adjust strategies to mitigate financial risks[31]. - The Group assesses credit risk by comparing the risk of default at the reporting date with the risk at initial recognition, considering both quantitative and qualitative information[106]. - The Group's internal control measures aim to enhance the recoverability of customers[105]. - The Credit Committee evaluates loan applications based on factors such as income proof, asset proof, and the willingness to provide personal guarantees for individual customers[126]. - The Group has established internal control measures to manage credit risk, including regular analysis of the loan portfolio and monitoring of loans post-drawdown[134][136]. Market Environment - The economic environment remains challenging, with significant declines in IPOs and property transactions in Hong Kong[39]. - The operating environment for the food and beverage industry in Hong Kong is expected to remain challenging, with local consumer spending facing headwinds due to elevated interest rates and a strong Hong Kong dollar[66]. - The operating environment for the Hong Kong restaurant industry is expected to remain challenging, with high interest rates and local consumer spending under pressure[68]. - The company is facing challenges due to significant capital withdrawal from China's economy, impacting interest income from margin financing services[199]. Corporate Governance and Transparency - The Chairman's statement emphasizes the Group's commitment to transparency and accountability to shareholders[22]. - The report outlines the corporate governance structure, including the roles of various committees within the Board[17]. - The Group's management continues to assess market conditions closely to ensure strategic flexibility in capturing growth areas[71]. Future Plans and Strategies - The Group plans to focus resources in Hong Kong and enhance customer satisfaction through various initiatives[38]. - The Group plans to explore prudent expansion opportunities through new brands and strategically located sites to navigate the competitive landscape and rising operating costs[71]. - The Group's management emphasizes comprehensive service delivery to investors, both online and offline, to maintain a strong position despite adverse market conditions[199].

Financial Performance - The Company reported a loss attributable to owners of approximately HK$29,045,000 for the nine months ended 30 September 2023, compared to a loss of approximately HK$15,220,000 in the same period last year[8]. - For the nine months ended September 30, 2023, the loss increased to HK$29,618,000 from a loss of HK$15,661,000 in the same period of 2022, indicating a worsening financial performance[14]. - The total comprehensive income for the period attributable to owners of the company was a loss of HK$7,576,000 for the three months ended September 30, 2023, compared to a profit of HK$1,354,000 in the same period of 2022[15]. - The loss per share for the nine months ended September 30, 2023, was HK$3.86, compared to HK$2.45 for the same period in 2022, reflecting increased losses per share[15]. - The company experienced a total comprehensive expense of HK$29,338,000 for the nine months ended September 30, 2023, compared to HK$15,852,000 in the same period of 2022[14]. - The profit for the period attributable to owners of the Company for the three months ended 30 September 2023 was a loss of HK$7,576,000, compared to a profit of HK$1,351,000 for the same period in 2022[67]. - For the nine months ended September 30, 2023, the company reported a loss of HK$29,045,000, compared to a loss of HK$15,220,000 for the same period in 2022, representing an increase in loss of 91.5%[87]. - The total comprehensive income/(expense) for the period ended September 30, 2023, was a loss of HK$28,765,000, compared to a loss of HK$15,411,000 for the same period in 2022, indicating a deterioration of 86.1%[87]. - As of September 30, 2023, the accumulated losses stood at HK$333,855,000, an increase from HK$301,186,000 as of September 30, 2022, reflecting a rise of 10.8%[87]. Revenue and Profitability - Revenue from continuing operations was approximately HK$120,859,000 for the Period, representing an increase of approximately HK$19,619,000 from approximately HK$101,240,000 last year[8]. - Revenue for the nine months ended September 30, 2023, increased by 19.5% to HK$120,859,000 from HK$101,240,000 in the prior year[32]. - Revenue from the food and beverage business generated revenue of HK$107,472,000 for the nine months ended September 30, 2023, up from HK$82,725,000 in 2022, representing a growth of 29.9%[30]. - Revenue for the three months ended September 30, 2023, was HK$41,514,000, a slight decrease of 0.12% compared to HK$41,564,000 for the same period in 2022[30]. - Revenue from the provision of children education services was approximately HK$3,360,000, compared to HK$3,131,000 in the previous year[126]. - Revenue from external customers of China Demeter Securities Limited amounted to approximately HK$7,151,000, a decrease from HK$12,194,000 in the same period last year[133]. Expenses and Costs - The cost of sales and services for the nine months ended 30 September 2023 was HK$40,316,000, an increase from HK$33,033,000 in the previous year[12]. - General and administrative expenses for the nine months ended 30 September 2023 were HK$99,209,000, compared to HK$87,644,000 in the same period last year[12]. - Interest on lease liabilities increased to HK$813,000 for the three months ended 30 September 2023, compared to HK$485,000 in the same period last year[48]. - Total finance costs for the three months ended 30 September 2023 were HK$863,000, slightly down from HK$890,000 in the previous year[48]. - The Group's total income tax expense for the nine months ended 30 September 2023 was HK$67,000, compared to HK$18,000 for the same period last year[52]. Dividends and Shareholder Returns - The Board of Directors does not recommend the payment of any interim dividend for the nine months ended 30 September 2023, consistent with the previous year[8]. - The Company did not recommend the payment of any interim dividend for the nine months ended 30 September 2023, consistent with the previous year where no dividend was paid[79]. - The company reported general and administrative expenses of HK$178,000 for the period[63]. Disposals and Acquisitions - The Company completed the disposal of Talent Ford Group Limited for a total cash consideration of HK$1,300,000, resulting in a gain on disposal of HK$316,000[96][104]. - The Company also disposed of Circle Trend Group Limited for HK$925,000, resulting in a gain on disposal of HK$407,000[102][104]. - The Company disposed of 15.93% of its equity interest in Wealthy Leader Limited, reducing its continuing interest to 84.07%, with proceeds of approximately HK$3,000 received in cash[89]. - The cash consideration received from the disposal of the food and beverage business was HK$29,000, while the cash and cash equivalents disposed of amounted to HK$372,000, resulting in a net cash outflow of HK$343,000[64]. Financial Position and Equity - The total equity attributable to owners of the company as of September 30, 2023, was HK$100,036,000, a decrease from HK$132,171,000 as of September 30, 2022, indicating a decline of 24.2%[87]. - The company’s financial position reflects ongoing challenges, with a significant increase in losses and a decrease in total equity, necessitating strategic reassessment[87]. - The company's reserves as of September 30, 2023, included a capital reserve of HK$61,545,000 and a share premium of HK$212,905,000, remaining unchanged from the previous year[87]. Corporate Governance - The company has complied with the Corporate Governance Code as set out in the GEM Listing Rules[195]. - The company has adopted a code of conduct regarding securities transactions by directors, confirming compliance during the period[194]. - The Audit Committee consists of three independent non-executive Directors[200]. - The Audit Committee has reviewed the third quarterly results for the nine months ended 30 September 2023[200]. - The Board comprises three executive Directors and three independent non-executive Directors[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二三年第三季度業績公佈 國農金融投資有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年九月三十日止九個月之未經審核 業績。本公佈載有本公司二零二三年第三季度報告全文，乃符合香港聯合交易 所有限公司GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公佈 附載資料之相關要求。 承董事會命 國農金融投資有限公司 主席 吳文俊 香港，二零二三年十一月十三日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、任亮憲先生及洪君毅先生。 ...

Financial Performance - The Company reported a loss attributable to owners of approximately HK$21,469,000 for the six months ended 30 June 2023, compared to a loss of approximately HK$16,571,000 in the same period last year, representing an increase in loss of about 29%[9]. - Revenue from continuing operations was approximately HK$79,345,000 for the Period, an increase of approximately HK$19,669,000 or 32.9% compared to HK$59,676,000 in the same period last year[9]. - Gross profit from continuing operations for the Period was approximately HK$53,304,000, compared to approximately HK$40,390,000 in the same period last year, indicating a growth of about 32%[9]. - Loss before tax for the six months was approximately HK$21,624,000, compared to a loss of HK$17,701,000 in the same period last year, indicating an increase in loss of about 22%[13]. - The total comprehensive expense for the period attributable to owners of the company for the six months ended June 30, 2023, was HK$21,189,000, compared to HK$16,765,000 in 2022, reflecting a 26% increase[15]. - The company reported a total comprehensive expense of HK$9,631,000 for the three months ended June 30, 2023, compared to HK$3,204,000 in 2022, a significant increase of 201%[15]. - The loss per share for the six months ended June 30, 2023, was HK$2.85, compared to HK$2.70 in the same period of 2022, indicating a 6% increase in loss per share[16]. - For the three months ended June 30, 2023, the company reported a loss of HK$9,911,000 compared to a loss of HK$3,203,000 in the same period of 2022, representing an increase in loss of 209%[14]. Revenue Segments - Total revenue for the six months included contributions from various segments, with the food and beverage business generating approximately HK$69,793,000, up from HK$47,120,000 in the same period last year, reflecting a growth of about 48%[13]. - Segment revenue from alcoholic beverages distribution increased to HK$1,024,000 in 2023 from HK$608,000 in 2022, a growth of 68%[43]. - Revenue from food and beverage segment rose to HK$69,793,000 in 2023, compared to HK$47,120,000 in 2022, marking a 48% increase[43]. - Revenue from financial services, including commissions from securities dealing, totaled HK$1,036,000 for the six months ended June 30, 2023, down from HK$2,828,000 in 2022, a decline of 63.4%[56]. Expenses and Costs - General and administrative expenses increased to approximately HK$65,408,000 for the six months ended 30 June 2023, compared to HK$56,507,000 in the same period last year, representing an increase of about 15.5%[13]. - The cost of sales for the six months ended June 30, 2023, was HK$26,041,000, compared to HK$19,259,000 in 2022, representing a 35.2% increase[83]. - Central administration costs decreased to HK$5,743,000 in 2023 from HK$7,308,000 in 2022, showing improved cost management[43]. Cash Flow and Assets - The company's cash and cash equivalents decreased to HK$26,029,000 as of June 30, 2023, down from HK$42,325,000 at the end of 2022, a decline of 38%[18]. - Trade receivables decreased to HK$57,672,000 as of June 30, 2023, from HK$80,097,000 at the end of 2022, representing a reduction of 28%[18]. - The company's non-current assets totaled HK$62,653,000 as of June 30, 2023, compared to HK$40,253,000 at the end of 2022, an increase of 56%[18]. - Total assets less current liabilities decreased to HK$129,328,000 as of June 30, 2023, down from HK$142,560,000 as of December 31, 2022, representing a decline of approximately 9.5%[19]. - Net assets decreased to HK$107,967,000 as of June 30, 2023, compared to HK$129,371,000 as of December 31, 2022, indicating a reduction of about 16.5%[19]. Dividends and Share Capital - The Board of Directors does not recommend the payment of any interim dividend for the six months ended 30 June 2023, consistent with the previous year where no dividend was paid[9]. - The issued and fully paid share capital remained at 752,902,000 shares as of June 30, 2023, unchanged from the previous period[178]. Financial Reporting and Compliance - The audit committee of the Board has reviewed the interim results, which are unaudited but presented in compliance with the GEM Listing Rules[10]. - The interim financial statements for the six months ended June 30, 2023, have been prepared in accordance with HKAS 34 and GEM Listing Rules[30]. - The financial statements are unaudited but have been reviewed by the Audit Committee, ensuring compliance with accounting standards[32]. Strategic Moves and Disposals - The company disposed of 15.93% of its equity interest in Wealthy Leader Limited, reducing its continuing interest to 84.07%, with proceeds from the disposal amounting to approximately HK$3,000,000[22]. - The company completed the disposal of Talent Ford Group Limited for a cash consideration of HK$1,300,000 on March 10, 2023[183]. - The company completed the disposal of its 100% equity interest in Surplus Jade International Limited for a cash consideration of HK$450,000, resulting in a gain on disposal of HK$450,000[186]. - The company also disposed of Circle Trend Group Limited for HK$925,000, achieving a gain on disposal of HK$407,000 after accounting for net assets disposed of HK$518,000[189]. Risk Management - The Company emphasizes the importance of understanding the potential risks associated with investing in small and mid-sized companies listed on GEM[2]. - The Group considers that the adoption of new HKFRSs effective from January 1, 2023, will not have a material impact on its financial results[35]. - The Group is assessing the impact of new financial reporting standards on its results and financial position, indicating proactive management[35].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二三年中期業績公佈 國農金融投資有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年六月三十日止六個月之未經審核 業績。本公佈載有本公司二零二三年中期報告全文，乃符合香港聯合交易所有 限公司GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載資料 之相關要求。 承董事會命 國農金融投資有限公司 主席 吳文俊 香港，二零二三年八月十一日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、任亮憲先生及洪君毅先生。 ...

Financial Performance - The Company reported a loss attributable to owners of approximately HK$11,596,000 for the three months ended 31 March 2023, compared to a loss of approximately HK$13,592,000 in the same period last year, representing a reduction of about 14.7%[8]. - Revenue from continuing operations was approximately HK$39,218,000 for the Period, an increase of approximately HK$17,304,000 compared to HK$21,914,000 in the same period last year, reflecting an increase of about 78.9%[8]. - Gross profit from continuing operations for the Period was approximately HK$26,479,000, compared to HK$15,217,000 in the same period last year, indicating an increase of approximately 74.0%[8]. - Loss before tax for the Period was HK$11,750,000, a decrease from HK$14,506,000 in the same period last year, showing an improvement of about 19.1%[12]. - Loss for the period from continuing operations was HK$11,776,000, compared to HK$14,515,000 in the same period last year, representing a decrease of approximately 18.9%[12]. - Total comprehensive expense for the period was HK$11,776,000, compared to HK$13,580,000 in the same period last year, indicating a reduction of about 13.3%[12]. - The loss per share for continuing operations was HK$1.54 for the three months ended March 31, 2023, compared to HK$2.40 for the same period in 2022, indicating a reduction in loss per share by approximately 35.8%[14]. - The total comprehensive expense for the period attributable to owners of the Company was HK$11,596,000, compared to HK$13,785,000 in the previous year, showing a reduction of approximately 15.9%[14]. - For the period ending March 31, 2023, the company reported a loss of HK$11,596,000, compared to a loss of HK$13,592,000 for the same period in 2022, representing a 14.7% improvement in loss[74]. Revenue and Business Segments - Revenue from the food and beverage business significantly increased to HK$34,023,000 in Q1 2023, up from HK$16,032,000 in Q1 2022, marking a growth of approximately 112.5%[27]. - The Company reported a revenue of HK$636,000 from alcoholic beverage distribution and miscellaneous business in Q1 2023, a significant increase from HK$170,000 in Q1 2022, representing a growth of approximately 274.1%[27]. - Revenue from the provision of children education services was approximately HK$1,373,000, down from HK$1,508,000 year-on-year[104]. - CD Securities recorded revenue from external customers of approximately HK$2,851,000, a decline from HK$3,413,000 in the previous year[109]. - The average daily transactions on the Hong Kong exchange declined by 12.8% to HK$127.82 billion during the first quarter[110]. Expenses and Costs - General and administrative expenses increased to HK$32,531,000 from HK$26,734,000 in the same period last year, reflecting an increase of approximately 21.6%[12]. - Finance costs for Q1 2023 totaled HK$1,093,000, an increase from HK$950,000 in Q1 2022, driven by higher interest on other borrowings[40]. - The current tax expense for Q1 2023 was HK$26,000, up from HK$9,000 in Q1 2022, reflecting increased profitability[42]. - The Group recorded a loss from changes in fair value of financial assets through profit or loss of approximately HK$6,218,000, compared to a loss of HK$4,099,000 in the previous year[116]. Dividends and Share Capital - The Board does not recommend the payment of any interim dividend for the three months ended 31 March 2023[8]. - The total number of shares issued by the Company as of March 31, 2023, was 752,901,672[155]. - The total number of issued and fully paid shares increased to 752,902,000 as of March 31, 2023, from 612,118,000 as of January 1, 2022[76]. - The company’s authorized share capital remains at HK$1,000,000,000, with an authorized share count of 100,000,000 shares[76]. Corporate Governance and Compliance - The financial statements for the three months ended March 31, 2023, are unaudited but have been reviewed by the Audit Committee, ensuring compliance with Hong Kong Accounting Standards[19]. - The Audit Committee consists of three independent non-executive Directors and has reviewed the first quarterly results for the three months ended March 31, 2023[177]. - The Company aims to comply with all Code Provisions and will regularly review and update its corporate governance practices[175]. Market and Economic Conditions - Hong Kong's economy showed visible improvement in the first quarter, driven by strong recovery in inbound tourism and domestic demand[119]. - The Group acknowledges significant challenges in the global economy, including tightening liquidity and inflation due to geopolitical tensions[120]. - The interest rate spread between the Hong Kong dollar and the United States dollar is expected to widen due to interest rate hikes in developed countries, potentially leading to gradual outflows of funds from the Hong Kong dollar to the United States dollar[124]. Business Strategy and Future Outlook - The company plans to optimize its store network and adapt to market changes to maintain competitiveness amid rising costs and increased competition[98]. - The Group plans to refine its marketing strategy through comprehensive data analysis to attract more customer visits[121]. - The Group will continue to optimize its store network and re-examine geographical advantages to achieve steady growth[121]. - The Group plans to regularly review and adjust its business strategies with a prudent and balanced risk management approach for its margin financing and money lending businesses[124]. - The Group faces uncertainties in education services, particularly in retaining students due to a decline in the student population caused by emigration[124].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二三年第一季度業績公佈 國農金融投資有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年三月三十一日止三個月之未經審 核業績。本公佈載有本公司二零二三年第一季度報告全文，乃符合香港聯合交 易所有限公司GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公 佈附載資料之相關要求。 承董事會命 國農金融投資有限公司 主席 吳文俊 香港，二零二三年五月十二日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、任亮憲先生及洪君毅先生。 ...

Financial Performance - For the year ended December 31, 2022, the Group recorded revenue of approximately HK$141,903,000, a decrease of 13.8% from HK$164,764,000 in 2021[18]. - Loss attributable to owners of the Company amounted to approximately HK$18,844,000, compared to HK$20,558,000 in 2021, indicating a reduction in losses[18]. - The impairment loss on goodwill was approximately HK$5,168,000, contributing to the net loss for the year[18]. - General and administrative expenses were approximately HK$121,686,000, which significantly impacted overall profitability[18]. - The Group's financial performance reflects ongoing challenges but shows some improvement in specific business segments[18]. - The Group recorded a net loss attributable to owners of approximately HK$18,844,000 for the year ended December 31, 2022, compared to a loss of HK$20,558,000 in 2021[37]. - Revenue from continuing operations decreased by approximately 13.9% to approximately HK$141,903,000, down from HK$164,764,000 in 2021[38]. - The Group recorded a fair value gain on financial assets through profit or loss of approximately HK$3,341,000[37]. - General and administrative expenses decreased to approximately HK$121,686,000 from HK$124,991,000 in 2021[41]. Revenue Breakdown - Revenue from the financial services business amounted to approximately HK$15,214,000, an increase from HK$12,777,000 in 2021[25]. - Income from the food and beverage business was approximately HK$117,564,000, which was a significant contributor to total revenue[18]. - The food and beverage business reported a turnover of approximately HK$117,564,000, down from HK$144,067,000 in 2021[38]. - The alcoholic beverage distribution and miscellaneous business saw revenue rise to approximately HK$1,596,000 from HK$1,264,000 in 2021[38]. - The children education business generated revenue of approximately HK$4,500,000, slightly up from HK$4,448,000 in 2021[38]. - Revenue from the food and beverage business amounted to approximately HK$117,564,000 for the year, a decrease from approximately HK$144,067,000 in the previous year[177]. - Revenue from the distribution of alcoholic beverages and miscellaneous business amounted to approximately HK$1,596,000, an increase from HK$1,264,000 in the previous year[195]. Government Support - The Group received government grants of approximately HK$6,598,000 related to COVID-19 subsidies, aiding financial performance[18]. - The Hong Kong government lifted all COVID-19 measures at the beginning of 2023, leading to a recovery in revenue for the food and beverage segment[180]. Money Lending Business - Loan interest income from the money lending business increased to approximately HK$2,713,000 in 2022, up from HK$2,006,000 in 2021[19]. - As of December 31, 2022, the total amount of loans and interest receivable in the Group's money lending segment was approximately HK$14.2 million, with personal loans representing approximately 100% of the total active and outstanding loan portfolio[55]. - The effective interest rate for the Group's active and outstanding loans ranged from approximately 10% to 18% per annum, with unsecured loans accounting for approximately 83.3% of the total number of loans and approximately 88.8% of the total value of the loan portfolio[56]. - The Group's money lending services include personal loans, business loans, and mortgage loans, with interest rates and repayment terms varying across different loan categories[49]. - The Group's money lending business primarily targets well-heeled and reputable individuals and established companies, with all customers being either Hong Kong or PRC residents or companies operating in these regions[64]. - The Group extended a loan of approximately HK$786,000 to a former executive director at an interest rate of 9% per annum for a term of six months, which was fully repaid during the year[50]. - Approximately 100% of the outstanding loan balance as of December 31, 2022, was repayable within one year, indicating a focus on short-term lending[55]. - The Group may request personal or corporate guarantees for loans on a case-by-case basis, with mortgage-backed loans representing approximately 16.7% of the total number of loans and approximately 11.2% of the total value of the loan portfolio[62]. - The majority of loans granted by the Group are short-term loans, with borrowers typically not providing collateral due to the nature of their financial needs[57]. - The Group recorded an impairment loss on loans and interest receivables of approximately HK$2 million for the year ended December 31, 2022, a significant increase from approximately HK$0.4 million in the previous year[71]. - The impairment loss represented approximately 11.9% of gross loans and interest receivables as of December 31, 2022[72]. - The Group's loans to major customers had a credit period ranging from 6 months to 1 year, negotiated based on commercial practices and the Group's credit policy[67]. - The Group will continue to implement risk control and management strategies while broadening its customer base[68]. Credit Risk Management - The Credit Committee is responsible for approving and overseeing the credit policy and monitoring the loan portfolio[87]. - The Group has established standardized credit policies for loan approval procedures[86]. - The Credit Committee consists of two members, including an executive director and a finance manager with over ten years of experience[88]. - The Group applies various factors to assess potential customers on a case-by-case basis[89]. - Strict credit assessment procedures are in place to verify the creditworthiness of customers before loan approval[90]. - The Group has refined loan approval procedures and is taking a cautious approach to credit risk management due to unclear economic outlook[107]. - The Credit Committee evaluates loan applications based on factors such as income proof, asset proof, and the ability to provide personal guarantees for individual customers[95]. - For corporate customers, the evaluation focuses on revenue stream, track record, and asset proof, with no restrictions on industry or principal business location[96]. - The Group requires customers to provide signed and post-dated bank cheques according to tailored repayment schedules to manage credit risk[106]. - The Group conducts regular analysis and review of its loan portfolio and compliance matters to control credit risk[106]. - Legal searches are conducted on potential borrowers to ascertain their creditworthiness and repayment ability[99]. - The Group has implemented debt recovery procedures to monitor and recover late payments or defaults effectively[106]. - The Group presumes a significant increase in credit risk when contractual payments are more than 365 days past due, unless there is reasonable evidence to the contrary[140]. - Management assesses the market values of pledged securities for clients with margin shortfalls, concluding that expected credit losses for receivables from margin clients are insignificant[144]. - The Group considers various factors, including external credit ratings and market indicators, when assessing whether credit risk has increased significantly[138]. - The Group's internal control includes a thorough credit risk assessment process before granting credit limits to customers, ensuring financial capacity is verified[147]. - Regular updates on loan limit reports and margin lists are provided to directors for ongoing monitoring of credit risks associated with margin clients[148]. - The Group's credit risk assessment includes evaluating historical status of margin calls and clients' financial documents to ensure robust risk management[149]. Business Strategy and Future Outlook - The Group plans to focus resources on Hong Kong following the disposal of its food and beverage business in Singapore[27]. - The Group will continue to monitor economic uncertainties and adjust strategies to ensure growth and profitability[33]. - The Group is committed to developing its brand portfolio by refining existing brands and launching new ones[188]. - The group plans to build a competent sales team while minimizing costs to address the weakening performance in the alcoholic beverage segment[195]. - The Group's margin financing services and brokerage services are expected to face challenges due to global inflation pressures and a shift toward higher interest rates[165]. - The Group will continue to monitor its margin financing portfolio closely and adopt risk control strategies while expanding its customer base[130]. Asset Management and Investments - The Group's diversified securities investment portfolios include both listed and non-listed companies and debt securities to increase returns to shareholders[166]. - The Group's financial assets at fair value through profit or loss are all shares of listed companies in Hong Kong[166]. - The Group is enhancing its securities service mobile application to improve user experience and competitiveness in the financial services segment[165]. - The Group's expected credit loss (ECL) assessment is based on historical credit loss experience and adjusted for specific debtor factors, with a loss allowance equal to 12 months ECL unless there is a significant increase in credit risk since initial recognition[136]. - For the years ended December 31, 2022, and 2021, no impairment loss was recognized on loans to margin clients, indicating stable credit risk management[136]. - Interest income from the financial service business segment amounted to approximately HK$8,957,000 for the year, an increase from HK$7,640,000 in 2021, reflecting growth in this segment[143]. Operational Changes - The group has discontinued its food and beverage business in Singapore following the disposal of Amber Glory and its subsidiary[187]. - The food and beverage industry in Hong Kong remains challenging due to intense competition and rising operating costs[188]. - The company operates the Hong Kong Nobel Preschool, which is a registered kindergarten providing preschool education[200]. - The company became a 51% owned subsidiary of the Group in October 2018[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 經審核全年業績公告 截至二零二二年十二月三十一日止年度 國農金融投資有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二二年十二月三十一日止年度之經審核 綜合業績。本公告載有本公司二零二二年年度報告全文，乃符合香港聯合交易 所有限公司GEM證券上市規則（「GEM上市規則」）中有關全年業績初步公佈附載 資料之相關要求。 承董事會命 國農金融投資有限公司 主席 吳文俊 香港，二零二三年三月二十四日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 ...

Financial Performance - The revenue from continuing operations for the period was approximately HK$101,240,000, representing a decrease of approximately HK$15,953,000 compared to approximately HK$117,193,000 in the same period last year[10]. - Gross profit from continuing operations for the period was approximately HK$68,207,000, compared to approximately HK$78,629,000 in the same period last year[12]. - The company reported a loss attributable to owners of the Company of approximately HK$15,220,000 for the nine months ended 30 September 2022, compared to a loss of approximately HK$1,683,000 in the same period last year[11]. - Total revenue for the nine months ended 30 September 2022 was HK$101,240,000, down from HK$117,193,000 in the same period last year[17]. - Profit before tax for the nine months was a loss of HK$16,771,000, compared to a loss of HK$94,000 in the same period last year[17]. - The total comprehensive income for the nine months ended September 30, 2022, was a loss of HK$15,852,000, compared to a loss of HK$1,460,000 in the same period of 2021[21]. - The company reported a total comprehensive income of HK$932,000 for the nine months ended September 30, 2022, compared to a loss of HK$1,460,000 in the same period of 2021[21]. - The company’s total profit for the period was HK$929,000 for Q3 2022, compared to a loss of HK$1,017,000 in Q3 2021[21]. - For the nine months ended September 30, 2022, the company recorded a loss of HK$15,220,000, an increase from a loss of HK$1,683,000 in the same period of 2021[79]. - The Company reported a loss of HK$1,128,000 from discontinued operations for the nine months ended September 30, 2022, compared to a profit of HK$879,000 in 2021[86]. Revenue Breakdown - Revenue from alcoholic beverage distribution and miscellaneous business for the nine months ended September 30, 2022, was HK$747,000, a decrease of 32.6% from HK$1,109,000 in 2021[40]. - Revenue from food and beverage business for the nine months ended September 30, 2022, was HK$82,725,000, down 19.1% from HK$102,235,000 in 2021[40]. - Total revenue for the nine months ended September 30, 2022, was HK$92,025,000, a decrease of 16.7% from HK$110,445,000 in 2021[40]. - Revenue from the food and beverage business was approximately HK$82,725,000, down from HK$102,235,000 in the previous year, reflecting the impact of COVID-19 restrictions[118]. - Revenue from the provision of children education services amounted to approximately HK$3,131,000, up from HK$3,004,000 year-on-year[132]. - Revenue from external customers of China Demeter Securities Limited was approximately HK$12,194,000, compared to HK$9,162,000 in the same period last year[136]. Expenses and Costs - The cost of sales and services for the nine months was HK$33,033,000, compared to HK$38,564,000 in the previous year[17]. - General and administrative expenses from continuing operations decreased to approximately HK$87,644,000 from HK$90,819,000, mainly due to reduced salaries and utility expenses in the food and beverage business[113]. - Finance costs for the nine months were HK$2,726,000, down from HK$3,039,000 in the previous year[17]. - Total finance costs for the nine months ended September 30, 2022, were HK$2,726,000, compared to HK$3,039,000 in 2021, indicating a decrease of 10%[56]. Dividends and Share Capital - The board of Directors does not recommend the payment of any interim dividend for the nine months ended 30 September 2022, consistent with the previous year[12]. - The Company did not recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[90]. - As of September 30, 2022, the company's total share capital was HK$7,529,000, with 752,902,000 shares issued and fully paid[105]. - The company issued 15,300,000 ordinary shares upon the exercise of share options, raising net proceeds of approximately HK$1,913,000[110]. - The company completed a placement of 125,483,612 ordinary shares at a price of HK$0.10 per share, with net proceeds of approximately HK$12,172,000[111]. Discontinued Operations - The profit for the period from discontinued operations was a loss of HK$615,000 for Q3 2022, while it was a profit of HK$1,128,000 for the same period in 2021[21]. - Loss from discontinued operations for the three months ended September 30, 2022, was HK$615,000, compared to a profit of HK$1,128,000 in the same period of 2021[86]. - The revenue from the discontinued food and beverage business in Singapore was HK$0 for the three months ended September 30, 2022, down from HK$2,681,000 in 2021[70]. - The cost of sales for the discontinued operation was HK$0 for the three months ended September 30, 2022, compared to HK$1,173,000 in 2021[70]. - The Group disposed of its wholly-owned subsidiary engaged in food and beverage in Singapore on 14 January 2022, discontinuing its operations in that market[125]. Future Outlook and Strategy - The Group expects to recognize future revenue from existing customer contracts, applying the practical expedient in HKFRS 15[45]. - The Group plans to continue developing its brand portfolio and exploring new restaurant locations despite the challenging food and beverage industry in Hong Kong[124]. - The Group is taking a cautious approach to credit risk management in the money lending business due to the uncertain economic outlook[130]. - The management plans to exercise caution in opening and investing in new restaurants due to changing consumer spending patterns and rising vacancy rates in shopping centers[153]. Other Income and Financial Position - The company recorded other income of HK$9,606,000 for the nine months, compared to HK$7,009,000 in the previous year[17]. - The Group's total other income for the three months ended September 30, 2022, was HK$5,723,000, significantly higher than HK$1,082,000 in 2021[49]. - The Group's accounting policies remain consistent with those followed in the preparation of the financial statements for the year ended December 31, 2021[34]. - The Group did not record any share of loss from a joint venture in Singapore during the period, maintaining a zero loss compared to HK$Nil in the previous year[145]. - The Company’s financial position remains stable, with no dilutive potential ordinary shares for the three months ended September 30, 2022[88].