Financial Performance - The Group recorded a loss of approximately HK$15.8 million for the year ended December 31, 2023, a reduction of approximately HK$14.9 million compared to a loss of approximately HK$30.7 million for the previous year[21]. - Total revenue for the year ended December 31, 2023, was approximately HK$150.0 million, a decrease of approximately HK$30.8 million from the previous year[22]. - Revenue from the trading of motor vehicles segment was approximately HK$148.3 million for the year ended December 31, 2023, down from approximately HK$180.4 million in 2022, representing a decrease of approximately HK$32.1 million[23]. - The Group recorded a gain on the disposal of financial assets at fair value through profit or loss, contributing to the reduction in loss for the year[21]. - The Group's financial performance reflects the challenges faced in the automotive sector and the need for strategic adjustments moving forward[21]. - The Group recorded total revenue of approximately HK$150.0 million for the year ended 31 December 2023, a decrease of approximately HK$30.8 million or 17.0% compared to HK$180.8 million in the previous year[35]. - The Group reported a loss of approximately HK$15.8 million for the year, a decrease of approximately 48.5% from a loss of approximately HK$30.7 million in the previous year[36]. - The trading of motor vehicles segment incurred a loss of approximately HK$5.9 million, compared to a loss of approximately HK$1.7 million in the previous year[52]. - The brokerage and securities margin financing service segment recorded total revenue of approximately HK$0.4 million, with losses increasing to approximately HK$3.7 million from HK$0.8 million last year[53]. Revenue Sources - Agency and service fees income from accessories sourcing was approximately HK$1.4 million for the year ended December 31, 2023, compared to approximately HK$8,000 in the previous year[23]. - Nearly 99.8% of the Group's revenue as of December 31, 2023, was derived from the trading of motor vehicles, agency services, and accessories sourcing in the PRC[72]. - The Group's revenue from trading of motor vehicles where it acts as principal was approximately HK$148.3 million for 2023[23]. - Revenue from the trading of motor vehicles decreased by approximately 17.0% to HK$149.7 million for the year, down from HK$180.4 million in the previous year[52]. Market Conditions - The decrease in revenue was primarily due to the impact of the COVID-19 pandemic, the ongoing Sino-US trade war, and changes in PRC government policy affecting the automotive industry[23]. - The Group's performance in the trading of motor vehicles has been significantly affected by market competition and a shift towards new energy vehicles[23]. - The automotive industry is expected to face intensified competition and a shrinking demand for petrol vehicles in the coming years[23]. Assets and Liabilities - The Group's current assets as of 31 December 2023 were approximately HK$220.3 million, an increase from approximately HK$201.3 million as of 31 December 2022[43]. - The liquidity ratio (current assets over current liabilities) decreased to 1.8 times from 2.2 times in the previous year[43]. - Total other borrowings increased to HK$30 million as of 31 December 2023, up from HK$25 million in the previous year[44]. - The gearing ratio as of 31 December 2023 was 106.8%, compared to 69.5% in the previous year[44]. - Equity attributable to the owners of the Company decreased by approximately HK$19.2 million or 14.0% to approximately HK$118.1 million as of 31 December 2023[45]. - The Group's cash and bank balances as of December 31, 2023, were approximately HK$24.8 million, down from approximately HK$38.9 million in the previous year[48]. - The Group's total borrowings amounted to approximately HK$30 million as of December 31, 2023, compared to HK$25 million in 2022, with a capital debt ratio of 106.8% versus 69.5% last year[49]. Corporate Governance - The company is committed to high standards of corporate governance, with a detailed report provided in the annual report[172]. - The board of directors consists of two executive and five non-executive directors, including four independent non-executive directors, ensuring a majority of independent oversight[197]. - The company has adopted a code of conduct for Directors' securities transactions that meets or exceeds the standards set out in GEM Listing Rules[170]. - The company has maintained a sufficient prescribed public float of its issued shares under the GEM Listing Rules as of the report date[182]. - The Directors have no other financial, business, family, or other material relationships with one another, ensuring independence[200]. Future Plans - The Company plans to introduce more new energy vehicles and expand its duty-free car business in Hainan province to enhance market performance in the coming year[74]. - The Group aims to expand its revenue sources by developing other businesses and seeking new opportunities[81]. - The Group has no concrete plans for other material investments or acquisitions for the year under review[70]. Shareholder Information - The Directors do not recommend the payment of a dividend for the year ended December 31, 2023, consistent with the previous year[111]. - The Company's reserves available for distribution were HK$Nil as of December 31, 2023[114]. - As of December 31, 2023, the company has a distributable reserve of zero HKD, indicating no available funds for dividend distribution to shareholders[121]. - Wang Jiawei, the Chairman and CEO, holds 2,123,395,935 shares, representing approximately 27.40% of the company's total shareholding[131]. - Lai Yuk Mui and Liu Runtong hold 2,780,127 shares (0.04%) and 2,646,000 shares (0.03%) respectively[131]. Legal Matters - Sinofortune Education applied for compulsory execution against Minqin Quantum for failing to repay refundable earnest money of RMB20,000,000 by 31 December 2020[144]. - Minqin Quantum has failed to pay an approximate sum of RMB49,500,000 in penalties and other fees by 31 December 2023 as adjudicated under the Judgement[160]. - Sinofortune Education has the right to apply for compulsory execution for the sale of 100% equity interest of Minqin Quantum due to non-fulfillment of obligations by the Five Defendants[161]. Management and Staff - As of December 31, 2023, the Group's total staff costs amounted to approximately HK$13.7 million, a slight decrease from HK$13.8 million in 2022, with a workforce of 46 employees[71]. - The newly appointed independent non-executive director, Lee Kwun Kwan, joined on May 8, 2023[199].

Financial Performance - The group recorded revenue of approximately HKD 150,039,000 for the year ended December 31, 2023, a decrease of 17% compared to HKD 180,815,000 in 2022[5] - The loss attributable to the owners of the company for the year was approximately HKD 15,777,000, down from HKD 30,660,000 in the previous year, representing a 48% improvement[5] - Basic loss per share was HKD 0.20, compared to HKD 0.40 in 2022, indicating a reduction in losses per share[5] - The total comprehensive loss for the year amounted to HKD 19,190,000, a significant decrease from HKD 41,215,000 in 2022, reflecting a 53% reduction[9] - The group reported a net loss before tax of HKD 15,950,000, down from HKD 30,854,000 in the previous year, showing a 48% improvement[9] - The group experienced a foreign exchange loss of HKD 3,394,000 related to overseas operations, compared to a loss of HKD 10,543,000 in 2022, marking a 68% improvement[9] - The company reported a loss attributable to owners of the company of HKD 15,777,000 for the year, compared to a loss of HKD 30,660,000 in the previous year[110] - The group reported a loss of approximately HKD 15.8 million for the year, a reduction of about 48.5% from a loss of HKD 30.7 million the previous year, primarily due to decreased revenue and increased financing costs[166] Assets and Liabilities - The group’s cash and cash equivalents in general accounts decreased to HKD 19,554,000 from HKD 32,986,000, a decline of 41%[14] - The group’s trade receivables decreased significantly to HKD 340,000 from HKD 2,509,000, indicating a reduction of 86%[14] - The group’s total liabilities increased to HKD 220,349,000 from HKD 201,288,000, reflecting a rise of 9%[14] - The net current assets decreased to HKD 96,936,000 in 2023 from HKD 109,362,000 in 2022, representing a decline of approximately 11.6%[30] - Total assets minus current liabilities decreased to HKD 120,866,000 in 2023 from HKD 140,878,000 in 2022, a decrease of about 14.3%[30] - The company's equity attributable to owners decreased to HKD 118,052,000 in 2023 from HKD 137,218,000 in 2022, reflecting a decline of approximately 13.9%[30] - The total equity of the company decreased to HKD 118,219,000 in 2023 from HKD 137,409,000 in 2022, a decrease of about 13.9%[30] - The total accounts receivable from automotive trading amounted to HKD 1,892,000 as of December 31, 2023, down from HKD 3,490,000 in 2022, with confirmed impairment losses of HKD 1,672,000 compared to HKD 1,296,000 in the previous year[126] - The company confirmed an impairment loss on trade receivables of approximately HKD 400,000 for the review year, compared to HKD 1,300,000 in the previous year[135] - The group’s total liabilities were approximately HKD 126.1 million, resulting in a capital debt ratio of 106.8%, up from 69.5% the previous year[152] Revenue Segments - The segment revenue from automotive trading was HKD 148,322 thousand, down from HKD 180,391 thousand in the previous year, reflecting a decline of approximately 18%[64] - The automotive trading and agency services segment recorded revenue of approximately HKD 149.7 million, a decrease of about 17.0% from HKD 180.4 million the previous year, with a loss of approximately HKD 5.9 million[155] - The automotive trading segment's revenue from the group's principal activities was approximately HKD 148.3 million, down from HKD 180.4 million the previous year, indicating intensified market competition[167] Investments and Development - The company entered into a sale agreement to sell a 50% investment in a limited partnership for RMB 15,000,000 due to project delays caused by COVID-19 and increased R&D costs[132] - As of December 31, 2023, one new drug has entered the second phase of clinical trials, while other new drugs remain in the research stage[132] - The group recorded a fair value loss of approximately HKD 3.7 million from investments in new drug development projects, an improvement from a loss of HKD 6.2 million the previous year[171] - The group is closely monitoring the new drug development market in China to diversify its business, particularly in the pharmaceutical sector[177] Employee and Operational Costs - The total employee cost for the year ended December 31, 2023, was approximately HKD 13,700,000, a slight decrease from HKD 13,800,000 in 2022[193] - The group has a total of 46 employees as of December 31, 2023, down from 50 in the previous year[193] Corporate Governance - The group has established an audit committee to oversee financial reporting and compliance, consisting of three independent non-executive directors[196] - The group has adopted a code of conduct for directors regarding securities trading, which meets or exceeds the standards set by GEM listing rules[182] Market Position and Risks - The company is listed on the GEM of the Hong Kong Stock Exchange, indicating its status as a growth-oriented enterprise[33] - GEM provides a market for small and medium-sized companies to go public, which carries higher investment risks compared to other companies listed on the exchange[200] - Investors should understand the potential risks associated with investing in these companies and make decisions after careful consideration[200]

Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 106,767,000[6]. - The loss attributable to the owners of the company for the nine months ended September 30, 2023, was approximately HKD 20,855,000, with a basic loss per share of HKD 0.27[7]. - Revenue from automobile sales for the nine months ended September 30, 2023, was HKD 105,640,000, a decrease from HKD 138,814,000 in the same period of 2022, representing a decline of approximately 23.9%[15]. - The company reported a total comprehensive loss of HKD 26,676,000 for the nine months ended September 30, 2023, compared to HKD 30,028,000 for the same period in 2022[10]. - The company reported a loss of approximately HKD 20.87 million for the nine months ended September 30, 2023, compared to a loss of HKD 16.21 million for the same period in 2022, representing an increase in loss of approximately 28.8%[67]. - The company recorded an unaudited loss of approximately HKD 20.87 million for the nine months ended September 30, 2023, compared to an unaudited loss of approximately HKD 16.21 million in the same period last year[71]. - The basic loss per share attributable to the owners of the company was approximately HKD 0.27, compared to HKD 0.21 in the same period last year[71]. - Revenue for the three months ended September 30, 2023, was HKD 23,387 thousand, a decrease of 70.0% compared to HKD 80,654 thousand in the same period of 2022[95]. - The net loss before tax for the three months ended September 30, 2023, was HKD 7,234 thousand, compared to a loss of HKD 2,730 thousand in the same period of 2022, representing a 165.5% increase in losses[95]. - The company reported a net loss of HKD 20,866 thousand for the nine months ended September 30, 2023, compared to a loss of HKD 16,211 thousand in the same period of 2022, indicating a 28.8% increase in losses[95]. Dividends and Share Information - The company does not recommend the payment of dividends for the nine months ended September 30, 2023[28]. - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[42]. - The number of issued ordinary shares as of September 30, 2023, remained at 7,748,958,000 shares[19]. Assets and Liabilities - As of September 30, 2023, the company's net current assets were approximately HKD 197.64 million, down from HKD 201.29 million as of December 31, 2022[49]. - The liquidity ratio as of September 30, 2023, was 1.7 times, compared to 2.2 times as of December 31, 2022, indicating a decrease in liquidity[49]. - As of September 30, 2023, the total borrowings of the group amounted to HKD 25 million, with a debt-to-equity ratio of 106.40%, up from 69.52% as of December 31, 2022[72]. - The company’s equity attributable to owners was approximately HKD 110.56 million as of September 30, 2023, a decrease of 19.43% from HKD 137.22 million as of December 31, 2022[51]. Business Operations and Strategy - The automotive segment accounted for approximately 99.74% of the group's revenue as of September 30, 2023[73]. - The company has seven models of imported National VI standard vehicles that have received ecological environment certification, with more expected to follow, which may improve business performance[52]. - The company aims to continue developing other businesses and seek opportunities to expand its revenue sources[53]. - The group plans to monitor changes in the business environment and government policies in China to formulate appropriate business strategies[73]. - The group is focused on diversifying its business in the new drug development market in China, which has seen stable growth due to regulatory reforms[74]. - The group is actively involved in the development of new drugs for lymphoma, cell tumors, colorectal cancer, and drug-resistant tuberculosis, with one drug currently in Phase II clinical trials[68]. - A memorandum of understanding was signed for the potential sale of Sinofortune Financial Holdings (BVI) Limited for HKD 4.30 million, plus the net asset value of approximately HKD 15.70 million[69]. Other Financial Information - The group experienced a foreign exchange loss of HKD 5,810,000 for the nine months ended September 30, 2023, compared to a loss of HKD 13,817,000 in the same period of 2022[10]. - The group recorded unrealized losses of approximately HKD 0.01 million from trading listed securities during the review period[45]. - Other income and losses for the three months ended September 30, 2023, showed a net loss of HKD 560 thousand, a significant decline from a gain of HKD 2,665 thousand in the same period of 2022[97]. - Employee benefits expenses for the three months ended September 30, 2023, were HKD 3,364 thousand, slightly down from HKD 3,418 thousand in the same period of 2022[95]. - Financing costs increased to HKD 630 thousand for the three months ended September 30, 2023, compared to HKD 245 thousand in the same period of 2022, marking a 157.1% rise[95]. - The company recorded a significant decrease in finished goods inventory changes, with a loss of HKD 22,592 thousand for the three months ended September 30, 2023, compared to a loss of HKD 78,861 thousand in the same period of 2022[95]. - The company reported a decrease in bank deposit interest income to HKD 29 thousand for the three months ended September 30, 2023, from HKD 23 thousand in the same period of 2022[97]. - The company is listed on the GEM of the Hong Kong Stock Exchange, indicating its commitment to maintaining transparency and regulatory compliance[100].

華 億 金 控 集 團 有 限 公 司 SINOFORTUNE FINANCIAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 08123 （股份代號： ） 截至二零二三年九月三十日止九個月之 第三季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 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公佈之內容概不負責、對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 GEM GEM 本公佈的資料乃遵照聯交所 證券上市規則（「 上市規則」）而刊載，旨在提供有關華億 金控集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司之董事 ...

Revenue and Sales Performance - The group recorded revenue of approximately HKD 83.38 million for the six months ended June 30, 2023, a significant increase of about 24.94 million compared to HKD 58.44 million for the same period in 2022[33]. - Revenue from automotive sales was HKD 82.78 million for the six months ended June 30, 2023, compared to HKD 58.25 million in the same period of 2022, reflecting a growth of approximately 42.3%[13]. - Revenue for the three months ended June 30, 2023, was HKD 26,703,000, a decrease of 38.3% compared to HKD 43,363,000 in the same period of 2022[77]. - Revenue for the six months ended June 30, 2023, was HKD 83,380,000, a decrease of 42.8% compared to HKD 58,439,000 in the same period of 2022[77]. - Revenue from Hong Kong for the six months ended June 30, 2023, was HKD 210,000, while revenue from China (excluding Hong Kong) was HKD 83,170,000, totaling HKD 83,380,000, compared to HKD 58,439,000 in the same period of 2022, indicating significant growth in the Chinese market[116]. - The automotive sales and agency services segment accounted for approximately 99.7% of the group's revenue as of June 30, 2023[171]. Financial Losses and Expenses - The group reported a loss of approximately HKD 13.60 million for the six months ended June 30, 2023, compared to a loss of about HKD 13.48 million in the same period of 2022[33]. - The group reported an unaudited loss of approximately HKD 13.60 million for the six months ended June 30, 2023, compared to an unaudited loss of approximately HKD 13.48 million in the same period of 2022[37]. - The net loss for the three months ended June 30, 2023, was HKD 5,727,000, compared to a net loss of HKD 6,725,000 in the same period of 2022, showing an improvement of 14.8%[77]. - The net loss for the six months ended June 30, 2023, was HKD 13,604,000, compared to a net loss of HKD 13,481,000 in the same period of 2022, indicating a slight increase in losses[77]. - Total other income and net losses for the six months ended June 30, 2023, was HKD 1,696,000, compared to a loss of HKD 44,000 in the same period of 2022[77]. - Employee benefits expenses for the six months ended June 30, 2023, were HKD 7,048,000, an increase of 0.8% from HKD 6,992,000 in the same period of 2022[77]. - Financing costs for the six months ended June 30, 2023, were HKD 1,242,000, significantly higher than HKD 478,000 in the same period of 2022, reflecting an increase of 160.5%[77]. Assets and Liabilities - The group’s total assets as of June 30, 2023, were approximately HKD 161.51 million, compared to HKD 160.63 million as of December 31, 2022[27]. - As of June 30, 2023, the group's net current assets were approximately HKD 195.03 million, a decrease from approximately HKD 201.29 million as of December 31, 2022[39]. - The group's liquidity, as indicated by the current ratio, was 1.9 times as of June 30, 2023, down from 2.2 times as of December 31, 2022[39]. - The equity attributable to the owners of the company was approximately HKD 118.48 million as of June 30, 2023, a decrease of 13.7% or approximately HKD 18.74 million from December 31, 2022[40]. - The group’s contract liabilities related to automotive trading amounted to HKD 11.20 million as of June 30, 2023, slightly down from HKD 11.73 million at the end of 2022[31]. - The total borrowings of the group amounted to HKD 25 million, with an asset-to-equity ratio of 89.7%, up from 69.5% as of December 31, 2022[174]. Dividends and Share Capital - The group did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[32]. - The company does not recommend the payment of dividends for the six months ended June 30, 2023[73]. - The company's issued share capital is approximately HKD 77.49 million, consisting of 7,748,958,120 shares with a par value of HKD 0.01 each[184]. Business Strategy and Development - The company plans to potentially divest its non-profitable business and reallocate resources to new investment opportunities in the Chinese new drug development market[35]. - The group continues to monitor the new drug development market in China to diversify its business[39]. - The company has engaged in joint development agreements for three new drugs with a business partner, focusing on new drug development projects in China[122]. - One of the new drugs developed in collaboration with partners has entered the second phase of clinical trials as of June 30, 2023[167]. - The group is actively seeking opportunities to expand its revenue sources to enhance overall earnings[139]. - The group has improved its customer base, increasing the number of customers to 100, while negotiating with an additional 38 customers to reduce reliance on a few key clients[172]. Compliance and Governance - The audit committee has reviewed the financial statements for the six months ended June 30, 2023, confirming compliance with applicable accounting standards[183]. - The group has established an audit committee to oversee financial reporting and internal control processes, consisting of three independent non-executive directors[192].

華 億 金 控 集 團 有 限 公 司 SINOFORTUNE FINANCIAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 08123 （股份代號： ） 截至二零二三年六月三十日止六個月之 中期業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 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公佈之內容概不負責、對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 GEM GEM 本公佈的資料乃遵照聯交所 證券上市規則（「 上市規則」）而刊載，旨在提供有關華億 金控集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司之董事（「 ...

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 56,682,000, compared to HKD 15,076,000 for the same period in 2022, representing an increase of 276%[32] - The total comprehensive loss for the period was approximately HKD 6,609,000, compared to a loss of HKD 5,795,000 in the previous year, indicating a deterioration in performance[11] - The loss attributable to owners of the company for the three months ended March 31, 2023, was approximately HKD 7,876,000, compared to HKD 6,749,000 in the same period of 2022[14] - Basic loss per share for the period was HKD 0.10, compared to HKD 0.09 for the same period last year[40] - The group reported other income and losses net amounting to HKD 493,000, a significant improvement from a loss of HKD 15,000 in the previous year[32] - The group incurred financing costs of HKD 615,000, which increased from HKD 239,000 in the previous year, reflecting higher borrowing costs[32] - The group experienced a foreign exchange gain of HKD 1,268,000 for the period, compared to a gain of HKD 961,000 in the same period last year, indicating favorable currency movements[32] - The company recorded an unaudited loss of approximately HKD 7.88 million for the three months ended March 31, 2023, compared to an unaudited loss of approximately HKD 6.76 million in the same period last year[83] - The company's loss per share for the period was approximately HKD 0.10, compared to a loss of approximately HKD 0.09 in the same period last year[83] Dividends - The group did not recommend the payment of dividends for the three months ended March 31, 2023[4] - The company does not recommend the payment of dividends for the period ended March 31, 2023[52] Revenue Sources - The automotive sales segment generated revenue of approximately HKD 56.55 million for the three months ended March 31, 2023, a significant increase of about HKD 41.58 million compared to approximately HKD 14.97 million in the same period last year[54] - In the first quarter of 2023, the automotive sales segment in China accounted for approximately 99.76% of the group's revenue[86] - The company continues to focus on expanding its operations in the securities and futures trading services in Hong Kong and sales of automobiles in mainland China[43] - The group plans to continue developing other businesses and seek opportunities to expand its revenue sources[88] Financial Position - The total borrowings of the company as of March 31, 2023, amounted to HKD 25 million, which is due for repayment in October 2023[58] - The company's debt-to-equity ratio as of March 31, 2023, was 68.81%, calculated as total liabilities of approximately HKD 89.88 million divided by equity attributable to the owners of approximately HKD 130.61 million[58] - The equity attributable to the owners of the company was approximately HKD 130.61 million, a decrease of 4.82% or about HKD 6.61 million compared to December 31, 2022[85] - As of March 31, 2023, the group's current assets were approximately HKD 189.63 million, with a current ratio of 2.19[84] - The group maintains a bank balance and cash of approximately HKD 32.88 million, of which about HKD 5.30 million is held in trust accounts for clients[84] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[20] - The audit committee has reviewed the financial statements for the three months ending March 31, 2023, and confirmed compliance with applicable accounting standards[97] - The company has established an audit committee to oversee financial reporting and internal control processes[96] - The company has adopted strict guidelines for directors' securities trading, ensuring compliance with GEM listing rules[95] Strategic Focus - The company has six imported National VI standard vehicle models certified by the Ministry of Ecology and Environment of China, which is expected to improve the performance of the automotive sales segment[59] - The company plans to monitor the certification process for additional National VI standard vehicles to enhance its sales performance in China[59] - The group is closely monitoring the business environment and changes in Chinese government policies to formulate appropriate business strategies[86] Leadership - The chairman and CEO, Mr. Wang Jiawei, has extensive experience in project management and securities investment, overseeing the company's overall corporate strategy and business development[94]

華 億 金 控 集 團 有 限 公 司 SINOFORTUNE FINANCIAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 08123 （股份代號： ） 截至二零二三年三月三十一日止三個月之 第一季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 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公佈之內容概不負責、對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 GEM GEM 本公佈的資料乃遵照聯交所 證券上市規則（「 上市規則」）而刊載，旨在提供有關華億 金控集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司之董 ...

Financial Performance - For the year ended December 31, 2022, the Group recorded total revenue of approximately HK$180.8 million, an increase of approximately HK$156.6 million compared to the previous year[193]. - The sales of motor vehicles and related agency services generated approximately HK$180.4 million for the year ended December 31, 2022, compared to approximately HK$23.3 million for the previous year, representing an increase of approximately 674.8%[193]. - The Group incurred a loss of approximately HK$30.7 million for the year ended December 31, 2022, a decrease of approximately HK$1.4 million from a loss of approximately HK$32.1 million in the previous year[194]. - The decline in profits from the motor vehicle sales segment was attributed to marked down selling prices aimed at boosting sales and clearing inventories[193]. - The performance of the automotive sales segment was severely impacted by COVID-19 pandemic control measures and trade tensions, with sales revenue of approximately HK$180.4 million for the year ended December 31, 2022, compared to approximately HK$21.6 million in the previous year[195]. - The Group's agency and service fee income from accessories sourcing was approximately HK$8,000 for the year ended December 31, 2022, compared to approximately HK$1.7 million in the previous year[195]. - The increase in financing costs across various business segments contributed to the overall loss for the year[194]. - The Group plans to continue expanding its financial services and automotive sales despite the challenges faced in the previous year[193]. Share Capital and Dividends - As of December 31, 2022, the issued share capital of the company was 7,748,958,120 shares with a par value of HK$0.01 per share[1]. - As of December 31, 2022, the company did not recommend the payment of a dividend, nor the transfer of any amount to reserves for the year[18]. - The company's reserves available for distribution were HK$Nil as of December 31, 2022[19]. - The company has zero reserves available for distribution as of December 31, 2022[39]. Corporate Governance - The board consists of two executive directors and four non-executive directors, including three independent non-executive directors[59]. - The company has received annual confirmations of independence from all independent non-executive directors[59]. - The company has not entered into any management contracts involving significant parts of its business as of December 31, 2022[35]. - The Company’s remuneration policies are based on the contributions of staff and Directors, including long-term incentive schemes such as share options and cash bonuses[76]. - The Audit Committee reviewed the consolidated financial statements for the year ended December 31, 2022, and confirmed compliance with applicable accounting standards[90]. - The Audit Committee recommended the reappointment of CCTH CPA Limited as auditors at the forthcoming annual general meeting[95]. - The Nomination Committee consists of four Directors, with three being independent non-executive Directors, ensuring a majority of independent oversight[79]. - The Company has established a board diversity policy aimed at enhancing board efficiency and corporate governance[85]. - The attendance of Directors at the general meeting was 100%, with all members attending[79]. - The Company aims to ensure that only candidates with integrity and the ability to enhance its value are considered for nomination to the Board[105]. Risk Management - The Company has adopted a three-line risk management approach to identify, assess, and manage various risks[122]. - The Board conducted an annual review of the effectiveness of the Group's risk management and internal control systems, considering reports from independent internal control consultants[124][127]. - The Company emphasizes a robust internal control system to mitigate key risk exposures, ensuring reasonable assurance against material misstatement or loss[148][151]. - The internal audit function assists the Audit Committee in reviewing risk management and internal control systems, with a risk register compiled for continuous assessment[145]. - The risk register, which includes identified risks and mitigation actions, was distributed to key personnel and management for discussion and assessment[122]. - The Company is committed to enhancing control measures to rectify any identified internal control weaknesses[151]. Future Outlook - The company is optimistic about the prospects of the China and Hong Kong stock markets and aims to expand its revenue sources[7]. - The company plans to improve the performance of its vehicle segment as more National VI standard vehicles become available for sale in China[8]. - The Group's commitment to sustainable development is highlighted in its Environmental, Social and Governance (ESG) Report, which covers initiatives and performances for the year ended December 31, 2022[178]. - The Group aims to enhance communication with shareholders through timely disclosures and updates on its website[175].

華 億 金 控 集 團 有 限 公 司 SINOFORTUNE FINANCIAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 08123 （股份代號： ） 截至二零二二年十二月三十一日止年度之 全年業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 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公佈之內容概不負責、對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 GEM GEM 本公佈的資料乃遵照聯交所 證券上市規則（「 上市規則」）而刊載，旨在提供有關華億 金控集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料；本公司之董事（ ...