Financial Performance - For the three months ended June 30, 2021, the Group's revenue was HK$3,803,000, a decrease of 49% compared to HK$7,485,000 for the same period in 2020[10]. - For the six months ended June 30, 2021, the Group's revenue was HK$10,572,000, down 39% from HK$17,467,000 in the corresponding period of 2020[10]. - The Group reported a gross profit of HK$982,000 for the three months ended June 30, 2021, a significant decline of 82% from HK$5,361,000 in the same period of 2020[10]. - The loss from operations for the six months ended June 30, 2021, was HK$25,807,000, compared to a loss of HK$14,150,000 for the same period in 2020, representing an increase in losses of 83%[10]. - The loss attributable to owners of the Company for the three months ended June 30, 2021, was HK$4,911,000, compared to HK$6,721,000 for the same period in 2020[12]. - The loss per share for the six months ended June 30, 2021, was HK$2.04, compared to HK$0.88 for the same period in 2020, indicating a worsening financial performance[12]. - The total loss for the period for the six months ended June 30, 2021, was HK$26,641,000, compared to HK$14,073,000 for the same period in 2020, highlighting a significant increase in overall losses[10]. - For the six months ended June 30, 2021, the loss was HK$26,641,000, compared to HK$14,073,000 in the prior year, indicating an increase in loss of 89.5%[14]. - The consolidated net loss attributable to owners of the Company for the Period was approximately HK$25,987,000, representing an increase of approximately 131.2% compared to HK$11,240,000 in 2020[107]. Revenue Breakdown - Revenue for the six months ended June 30, 2021, was HK$10,572,000, a decrease of 39.5% compared to HK$17,467,000 for the same period in 2020[32]. - Revenue from software platform services for the six months ended June 30, 2021, was HK$9,776,000, down 6.0% from HK$10,387,000 in 2020[32]. - Mobile games and applications revenue for the six months ended June 30, 2021, was HK$23,000, a decline of 42.5% from HK$40,000 in 2020[32]. - The decrease in revenue was primarily due to a reduction in interest income from the Money Lending Business, which recorded segment revenue of approximately HK$773,000, down from approximately HK$7,040,000 in 2020[98]. - The Software Platform Business accounted for approximately 92.5% of the Group's total revenue for the Period, despite a slight revenue decrease of approximately 5.9%[129]. - The Money Lending Business experienced a significant revenue decline of approximately 89.0%, contributing only approximately 7.3% to the Group's total revenue, with impairment losses on loans increasing to approximately HK$20,537,000[134]. Expenses and Costs - Research and development expenses for the six months ended June 30, 2021, were HK$1,872,000, down from HK$3,642,000 in the same period of 2020, reflecting a reduction in R&D investment[10]. - Administrative expenses for the six months ended June 30, 2021, increased to HK$28,799,000 from HK$24,662,000 in the same period of 2020, indicating rising operational costs[10]. - Staff costs for the six months ended June 30, 2021, were HK$6,451,000, a decrease of 30.5% from HK$9,322,000 in the same period of 2020[48]. - The cost of sales for the Period amounted to approximately HK$4,827,000, compared to approximately HK$3,611,000 in 2020[99]. - Administrative and other operating expenses increased to approximately HK$31,790,000 from approximately HK$29,418,000 in 2020, largely due to impairment losses on loans and interest receivables totaling approximately HK$20,537,000[105]. Assets and Liabilities - The company's net current assets decreased to HK$33,918,000 as of June 30, 2021, from HK$55,263,000 at the end of 2020, a decline of 38.5%[16]. - Non-current assets decreased to HK$54,256,000 as of June 30, 2021, from HK$59,568,000 at the end of 2020, a reduction of 9.1%[16]. - The company's total equity attributable to owners decreased to HK$88,693,000 as of June 30, 2021, from HK$114,690,000 at the end of 2020, a decline of 22.7%[18]. - The total loans receivable, including secured and unsecured loans, amounted to HK$94,524,000 as of June 30, 2021, compared to HK$104,797,000 as of December 31, 2020, reflecting a decrease of about 9.8%[77]. - The current (not past due) loans receivable decreased to HK$54,606,000 from HK$67,095,000, a decline of approximately 18.6%[81]. - The Group's total assets were approximately HK$135,067,000, while total liabilities were approximately HK$46,893,000, resulting in a gearing ratio of approximately 34.7%[115]. Cash Flow - For the six months ended June 30, 2021, the net cash generated from operating activities was HK$1,357,000, a decrease from HK$2,257,000 in the same period of 2020[22]. - The net cash generated from investing activities was HK$3,052,000, compared to a net cash used of HK$528,000 in the prior year[22]. - The net cash used in financing activities was HK$2,626,000, down from HK$3,462,000 in the previous year[22]. - Cash and cash equivalents at the end of the period were HK$5,188,000, a decrease from HK$7,829,000 at the end of June 2020[22]. - The Group had cash and cash equivalents of approximately HK$5,188,000 as of June 30, 2021, an increase from approximately HK$3,415,000 in 2020[108]. Governance and Management - The company has complied with the Corporate Governance Code throughout the period, except for provisions A.2.1, A.4.1, and A.6.7[163]. - All independent non-executive directors have entered into letters of appointment for an initial term of three years, ensuring governance practices are maintained[169]. - The company does not have a separate chairman and CEO; the role of CEO is currently shared among executive directors[165]. - The board believes that the balance of power and authority is maintained through its operations, which include experienced individuals discussing operational issues[165]. - The company will arrange for the appointment of a new chairman and CEO when deemed appropriate[165]. - The governance practices are designed to be no less exacting than those prescribed by the Corporate Governance Code[169]. Future Outlook - The Group expects a challenging recovery path, with performance inevitably affected by the ongoing pandemic and the effectiveness of new vaccines[139]. - The Group will strictly adhere to its cost control policy and swiftly adjust business strategies in response to external environmental changes[141]. - The Group's performance in the upcoming period will depend significantly on the development of the pandemic and the effectiveness of vaccination efforts[141].

Financial Performance - The Group's revenue for the three months ended March 31, 2021, was HK$6,769,000, a decrease of 32.2% compared to HK$9,982,000 for the same period in 2020[10]. - Gross profit for the period was HK$4,763,000, down 43.3% from HK$8,495,000 in the previous year[10]. - Loss from operations increased to HK$21,090,000, compared to a loss of HK$5,906,000 in the same period of 2020, reflecting a significant rise in operational challenges[12]. - Loss before taxation for the period was HK$21,484,000, compared to HK$6,410,000 in the prior year, indicating a worsening financial performance[12]. - The loss attributable to owners of the Company was HK$21,076,000, compared to HK$4,519,000 in the same period last year, highlighting increased financial strain[12]. - Basic and diluted loss per share for the period was HK$1.66, compared to HK$0.36 for the same period in 2020, reflecting a significant decline in shareholder value[12]. - Total comprehensive expense for the period was HK$21,500,000, compared to HK$5,945,000 in the same period last year, reflecting overall financial deterioration[14]. - The company reported a loss for the period of HK$21,076,000, compared to a loss of HK$4,519,000 in the same period last year[26]. - Total comprehensive expense for the period was HK$21,086,000, reflecting a significant increase from HK$4,552,000 in Q1 2020[26]. - As of March 31, 2021, accumulated losses reached HK$357,427,000, up from HK$336,351,000 at the beginning of the year[27]. Revenue Breakdown - Revenue from software platform services was HK$5,986,000, slightly up by 2.5% from HK$5,842,000 in the previous year[27]. - Interest income from money lending decreased significantly to HK$773,000, down 81.3% from HK$4,127,000 in Q1 2020[27]. - Revenue from the Money Lending Business decreased by approximately HK$3,354,000, recording segment revenue of approximately HK$773,000 for the Period compared to approximately HK$4,127,000 in 2020[50]. - Segment revenue from the Software Platform Business increased slightly by approximately HK$144,000 to approximately HK$5,986,000 for the Period compared to approximately HK$5,842,000 in 2020[50]. - The money lending business segment revenue decreased by approximately 81.3%, contributing only about 11.4% to the Group's total revenue for the period[69]. - The Software Platform Business achieved a slight revenue increase of approximately 2.5%, accounting for about 88.4% of the Group's total revenue for the period[62]. Expenses and Costs - Administrative expenses rose sharply to HK$24,924,000, up from HK$11,527,000 in the previous year, indicating increased operational costs[10]. - Research and development expenses decreased to HK$934,000 from HK$2,296,000, suggesting a potential shift in focus or resource allocation[10]. - The cost of sales for the Period amounted to approximately HK$2,006,000, an increase from approximately HK$1,487,000 in 2020[51]. - Impairment losses on loans and interest receivables amounted to HK$20,547,000 for the Period, compared to HK$2,383,000 in 2020[33]. - Administrative and other operating expenses increased significantly to approximately HK$24,924,000, primarily due to impairment losses on loans receivable and interest receivables amounting to approximately HK$20,547,000[57]. Corporate Governance - The company has not applied new HKFRSs that are issued but not yet effective, and is assessing their potential impact[21]. - The financial statements are prepared under the historical cost convention and comply with HKFRSs[18]. - The company has failed to meet the minimum number of independent non-executive directors required under GEM Listing Rules following recent resignations[89]. - The Audit Committee currently comprises two independent non-executive directors, with Mr. Leung Man Chun serving as the chairman[90]. - The company is working to identify suitable candidates to fulfill the independent non-executive director requirements within three months[89]. - The company emphasizes a more prudent approach to resource allocation moving forward[76]. - The company has adopted a code of conduct for securities transactions by directors, adhering to the standards set out in GEM Listing Rules[92]. - The company currently has five directors, with three being executive directors and two independent non-executive directors, which does not meet the minimum requirement under GEM Listing Rules[93]. - The audit committee is composed of two independent non-executive directors and is responsible for reviewing financial reporting and internal controls[94]. Future Outlook - The Group expects the Hong Kong economy to remain challenging in 2021, and will continue to adopt a prudent credit policy in the money lending business[69]. - The Group anticipates that its performance will be affected by the ongoing challenges posed by the COVID-19 pandemic and will adjust its business strategies accordingly[74]. - The company anticipates a challenging recovery path, heavily dependent on the development of the pandemic and the effectiveness of new vaccines[76]. - The group plans to adhere strictly to cost control policies and swiftly adjust business strategies in response to external environmental changes[76]. - The Group plans to seek potential investment opportunities that can create synergies with existing business segments while maintaining cautious resource allocation[75]. Shareholding Structure - As of March 31, 2021, Mr. Chiu Ngai Hung holds 663,477,955 shares, representing approximately 52.13% of the total shareholding[84]. - The total number of shares issued as of March 31, 2021, is 1,272,640,000[85]. - The Board does not recommend the payment of any dividend for the three months ended March 31, 2021 (2020: Nil)[42]. - No purchase, sale, or redemption of the company's listed securities occurred during the reporting period[96]. - The board of directors consists of three executive directors and two independent non-executive directors as of the report date[97].

Financial Performance - For the year ended December 31, 2020, the Group recorded total revenue of approximately HK$31,420,000, representing a decrease of approximately HK$8,653,000 or 21.6% compared to approximately HK$40,073,000 in 2019[17]. - The decrease in revenue was primarily due to a reduction in interest income from the Money Lending Business, which recorded segment revenue of approximately HK$10,690,000 for 2020, down from approximately HK$17,040,000 in 2019, a decline of approximately HK$6,350,000[18]. - Revenue from the Mobile Games and Applications Business decreased by approximately HK$2,599,000, recording segment revenue of approximately HK$327,000 for 2020 compared to approximately HK$2,926,000 in 2019[19]. - The Software Platform Business saw a slight increase in segment revenue of approximately HK$296,000, totaling approximately HK$20,403,000 for 2020, compared to approximately HK$20,107,000 in 2019[20]. - The Group's overall financial performance reflects the challenges faced in 2020, with a focus on adapting to market conditions and managing risks associated with the pandemic[18]. - The Group's gross profit decreased by approximately 44.4% to approximately HK$19,721,000, with the profit margin dropping from approximately 88.5% in 2019 to approximately 62.8% in 2020[24]. - The consolidated net loss attributable to owners of the Company for the year ended December 31, 2020, was approximately HK$71,611,000, an increase of approximately 16.5% compared to HK$61,470,000 in 2019[32]. - Administrative and other operating expenses rose to approximately HK$75,411,000, up from approximately HK$58,257,000 in 2019, largely due to impairment losses totaling approximately HK$27,616,000[25]. - The Money Lending Business segment revenue decreased by approximately 37.3%, contributing approximately 34.0% to the Group's total revenue for the year ended December 31, 2020[41]. - The Mobile Games and Applications Business segment revenue decreased by approximately 88.8%, contributing only approximately 1.0% to the Group's total revenue for the year ended December 31, 2020[42]. - Impairment losses on loans and interest receivables increased to approximately HK$17,159,000 for the year ended December 31, 2020, compared to approximately HK$4,850,000 in 2019[41]. - The additional impairment loss on goodwill and intangible assets for the mobile games and applications business reached approximately HK$38,558,000, compared to approximately HK$44,975,000 in 2019[44]. Economic Impact - The COVID-19 pandemic significantly impacted the Hong Kong economy, increasing risks and uncertainties in the lending market, leading to a prudent credit policy and fewer new loans being approved during the year[18]. - The financial review indicates a need for strategic adjustments in response to market volatility and changing consumer behaviors due to the pandemic[18]. Strategic Initiatives - Management is currently developing new mobile games, as existing titles are nearing the end of their life-cycles, contributing to lower revenue in the Mobile Games and Applications Business[19]. - The Group's management has expressed a commitment to exploring new strategies and technologies to enhance future growth and revenue streams[19]. - The Group aims to leverage its existing technology and software capabilities to improve service offerings and expand market reach in the coming years[20]. Corporate Governance - The Company has complied with most provisions of the Corporate Governance Code throughout the year ended December 31, 2020, with exceptions explained in the report[78]. - The Company had no Chairman during the year ended December 31, 2020, which affected compliance with certain corporate governance provisions[79]. - The Board comprises six Directors, including four executive Directors and two independent non-executive Directors, ensuring a balanced composition[88]. - The Company has measures in place to ensure corporate governance practices meet or exceed regulatory standards[104]. - The Company adopted a code of conduct for securities transactions by Directors, with no non-compliance reported for the year ended December 31, 2020[190]. Board and Committees - The Board of Directors held 7 meetings during the year ended December 31, 2020, to discuss overall strategy and financial performance[92]. - The Remuneration Committee held two meetings during the year ended December 31, 2020, with full attendance from the INEDs[124]. - The Audit Committee held four meetings during the year ended December 31, 2020, with full attendance from its members[158]. - The Nomination Committee held two meetings in the year ended December 31, 2020, with full attendance from its members[134]. Financial Position - As of December 31, 2020, the Group's cash and cash equivalents were approximately HK$3,415,000, a decrease from approximately HK$9,610,000 in 2019[48]. - The Group's total assets were approximately HK$159,519,000, down from approximately HK$260,698,000 in 2019, while total liabilities decreased to approximately HK$44,688,000 from approximately HK$57,979,000[49]. - The gearing ratio increased to approximately 28.0% as of December 31, 2020, compared to approximately 22.2% in 2019[49]. - The Company had three Independent Non-Executive Directors (INEDs) during the financial year ended December 31, 2020, with at least one possessing appropriate professional accounting or financial management expertise[110]. Risk Management - The Board is responsible for evaluating risks and ensuring effective risk management and internal control systems to safeguard shareholder interests[174]. - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[175]. - Related party transactions were periodically reviewed and approved by the Audit Committee for the year ended December 31, 2020[192].

Financial Performance - The Group's revenue for the three months ended June 30, 2020, was HK$7,485,000, a decrease of 33.5% compared to HK$11,263,000 for the same period in 2019[11]. - For the six months ended June 30, 2020, the Group's revenue was HK$17,467,000, down 18.3% from HK$21,402,000 in the prior year[11]. - The gross profit for the three months ended June 30, 2020, was HK$5,361,000, representing a decline of 46.6% from HK$10,038,000 in the same period of 2019[11]. - The loss from operations for the three months ended June 30, 2020, was HK$8,244,000, compared to a loss of HK$2,454,000 for the same period in 2019, indicating a significant increase in operational losses[11]. - The loss before taxation for the six months ended June 30, 2020, was HK$15,130,000, which is a 66.8% increase from HK$9,051,000 in the previous year[11]. - The loss attributable to owners of the Company for the six months ended June 30, 2020, was HK$11,240,000, compared to HK$5,928,000 for the same period in 2019, indicating a worsening financial position[12]. - The basic and diluted loss per share for the six months ended June 30, 2020, was HK$0.88, compared to HK$0.47 in the previous year, representing an increase of 87.2%[12]. - The company reported a loss of HK$8,190,000 for the three months ended June 30, 2020, compared to a loss of HK$2,469,000 for the same period in 2019, representing an increase in loss of 231%[14]. - For the six months ended June 30, 2020, the loss was HK$14,073,000, up from HK$7,992,000 in 2019, indicating a 76% increase in loss year-over-year[14]. - Total comprehensive expense for the three months ended June 30, 2020, was HK$8,174,000, compared to HK$2,532,000 in 2019, reflecting a 222% increase[14]. Expenses and Costs - The total administrative expenses for the six months ended June 30, 2020, were HK$24,662,000, up from HK$23,371,000 in the same period of 2019[11]. - Research and development expenses for the six months ended June 30, 2020, amounted to HK$3,642,000, compared to HK$3,124,000 in the prior year, reflecting an increase of 16.6%[11]. - Total staff costs for the six months ended June 30, 2020, amounted to HK$9,322,000, slightly up from HK$9,278,000 in 2019, reflecting a marginal increase of 0.5%[51]. - Amortization of intangible assets for the six months ended June 30, 2020, was HK$6,418,000, unchanged from the same period in 2019[53]. - Depreciation of property, plant, and equipment for the six months ended June 30, 2020, was HK$3,052,000, down from HK$3,800,000 in 2019, representing a decrease of 19.7%[53]. - Impairment losses on loans and receivables for the six months ended June 30, 2020, were HK$6,005,000, compared to HK$13,000 in 2019, indicating a significant increase in impairment losses[53]. Assets and Liabilities - The company's net assets decreased to HK$188,600,000 as of June 30, 2020, down from HK$202,719,000 at the end of 2019, a decline of 7%[17]. - Current assets decreased to HK$131,709,000 as of June 30, 2020, from HK$139,766,000 at the end of 2019, a reduction of 6%[16]. - The company's cash and cash equivalents were HK$7,829,000 as of June 30, 2020, down from HK$9,610,000 at the end of 2019, a decrease of 18.5%[16]. - Trade and other receivables increased to HK$24,836,000 as of June 30, 2020, compared to HK$14,188,000 at the end of 2019, representing a 75% increase[16]. - The company’s total equity attributable to owners decreased to HK$174,969,000 as of June 30, 2020, from HK$186,544,000 at the end of 2019, a decline of 6.3%[17]. - Non-current assets decreased to HK$110,174,000 as of June 30, 2020, from HK$120,932,000 at the end of 2019, a decrease of 9%[16]. - The Group's total assets were approximately HK$241,883,000, down from HK$260,698,000 as of December 31, 2019, while total liabilities were approximately HK$53,283,000, compared to HK$57,979,000 in the previous year[150]. - The Group's debt ratio, calculated as total liabilities divided by total assets, was approximately 22% as of June 30, 2020, slightly down from 22.2% at the end of 2019[150]. Cash Flow and Financing - Net cash generated from operating activities was HK$2,257,000 for the six months ended June 30, 2020, compared to a net cash used of HK$10,422,000 in the same period of 2019[21]. - The company experienced a net decrease in cash and cash equivalents of HK$1,733,000 for the six months ended June 30, 2020, compared to a decrease of HK$3,065,000 in the same period of 2019[21]. - Cash and cash equivalents at the end of the period were HK$7,829,000, down from HK$11,879,000 at the end of June 30, 2019[21]. - The Group's secured loans amounted to HK$98,270,000 as of June 30, 2020, down from HK$110,565,000 as of December 31, 2019, a decrease of about 11.1%[85]. - The loss allowance for loans receivable increased to HK$5,342,000 from HK$4,520,000, indicating a rise of approximately 18.2%[85]. - The Group's current (not past due) loans receivable decreased to HK$73,099,000 from HK$81,625,000, a decline of about 10.4%[89]. Strategic Adjustments and Governance - The Company has acknowledged the need for strategic adjustments in response to the financial challenges faced during the reporting period[9]. - The Group plans to implement strict cost control policies and adjust business strategies in response to external environmental changes amid economic challenges[148]. - The Company is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code provisions throughout the period, except for specific provisions A.2.1, A.4.1, and A.6.7[190]. - The roles of chairman and CEO are currently shared among executive directors following the resignations of previous officeholders, ensuring a balance of power and authority within the Board[192]. - The Board is independent of the boards of competing businesses, allowing the Company to operate its business independently[187]. Shareholder Information - As of June 30, 2020, Mr. Chiu Ngai Hung holds 663,477,955 shares, representing approximately 52.13% of the total shareholding[173]. - The total number of shares issued as of June 30, 2020, is 1,272,640,000[174]. - The Company has not granted any options under the Share Option Scheme during the reporting period, with a total of 127,264,000 options available for granting, representing 10% of the shares in issue[180]. - The Company has not been notified of any other interests or short positions in its shares by individuals other than directors and substantial shareholders as of June 30, 2020[175].

Financial Performance - For the year ended December 31, 2019, the Group recorded total revenue of approximately HK$40,073,000, a decrease of approximately HK$13,895,000 or 25.7% compared to HK$53,968,000 in 2018[16] - Interest income from the Money Lending Business increased significantly to approximately HK$17,040,000, up from approximately HK$13,473,000 in 2018[16] - Revenue from the Software Platform Business was approximately HK$20,107,000, compared to approximately HK$18,603,000 in 2018, indicating positive growth[16] - The decline in total revenue was partially offset by growth in the Money Lending and Software Platform segments[16] - The Group's performance in the Mobile Games and Applications Business saw a decrease in segment revenue, contributing to the overall revenue decline[16] - The loss attributable to owners of the Company increased by approximately 57.7% to approximately HK$61,470,000, compared to approximately HK$38,967,000 in 2018, mainly due to decreased revenue in the Mobile Games and Applications Business and an impairment loss of approximately HK$44,975,000 related to goodwill[25] - Revenue from the Mobile Games and Applications Business decreased by approximately HK$18,966,000 from approximately HK$21,892,000 in 2018 to approximately HK$2,926,000 in 2019[39] - The Money Lending Business generated an increment of approximately 26.5% in segment revenue, contributing approximately 42.5% to the Group's total revenue for the year ended December 31, 2019[41] Cost and Profitability - The cost of sales for the Group amounted to approximately HK$4,598,000, down from approximately HK$9,124,000 in 2018[17] - Gross profit decreased by approximately 20.9% to approximately HK$35,475,000, while maintaining a high gross profit margin of approximately 88.5%[18] - The Group's gross profit decreased by approximately 20.9% to approximately HK$35,475,000 for the year ended December 31, 2019, while maintaining a high gross profit margin of approximately 88.5%[21] - Administrative and other operating expenses amounted to approximately HK$58,275,000, a slight decrease from approximately HK$59,208,000 in 2018, primarily due to a minor reduction in research and development expenses[23] Assets and Liabilities - The Group's cash and cash equivalents as of December 31, 2019, were approximately HK$9,610,000, down from approximately HK$14,948,000 in 2018[52] - The total assets of the Group were approximately HK$260,698,000 as of December 31, 2019, compared to approximately HK$324,784,000 in 2018, indicating a decrease in total assets[53] - The Group's gearing ratio increased to approximately 22.2% as of December 31, 2019, up from approximately 16.7% in 2018[53] - The Group's outstanding loans receivable, net of provisions, decreased to approximately HK$106,045,000 as of December 31, 2019, from approximately HK$108,519,000 in 2018[50] - The Group's provision for loan losses increased to approximately HK$4,520,000 as of December 31, 2019, compared to approximately HK$80,000 in 2018[50] - The loss allowance related to loans receivable increased to approximately HK$4,520,000 as of December 31, 2019, compared to approximately HK$80,000 in 2018[46] Corporate Governance - The Company is committed to high standards of corporate governance, emphasizing integrity, transparency, and accountability to maximize shareholder returns[76][82] - The Company complied with most provisions of the Corporate Governance Code, with exceptions explained in the report[77][83] - The Board comprises seven directors, including three executive directors and three independent non-executive directors, ensuring a balanced composition for independent judgment[79][80] - The Company plans to appoint a new Chairman when deemed appropriate, following the resignation of the previous deputy chairman[95] - The roles of Chairman and CEO are currently separated, with the CEO responsible for day-to-day management[92][93] - The Company has established clear written terms of reference for each committee, available on its website and GEM website[107] - The Company emphasizes meritocracy in Board appointments while considering diversity benefits[138] Risk Management - The Group will continue to adopt a prudent credit policy and risk management approach to mitigate potential bad debts and losses in the Money Lending Business[47] - The Board is responsible for evaluating risks associated with achieving strategic objectives and ensuring effective risk management systems[161] - The internal control system was reviewed annually, covering financial, operational, and compliance controls, with no major issues identified for the year ended December 31, 2019[162] Future Strategies - The Company continues to focus on developing and marketing patented technologies and software solutions to enhance revenue streams[16] - Future strategies may include further expansion in the Money Lending and Software Platform sectors to drive growth[16] - The Group plans to utilize approximately HK$1,458,000 of unutilized proceeds from a previous placing for investments in environmental-related projects in the coming year[60] Employee and Board Composition - As of December 31, 2019, the Group had 58 employees, a decrease from 66 employees in 2018, with total staff costs approximately HK$18,570,000, down from HK$21,238,000 in 2018[72][74] - The biographies of executive directors highlight extensive experience in finance, accounting, and corporate governance[188][190][191] - The company has a strong focus on R&D in software system design, led by Mr. Zheng, who has over 18 years of experience in software engineering[195] - The board comprises members with diverse backgrounds in finance, accounting, and technology, enhancing strategic decision-making capabilities[194] Audit and Compliance - The Audit Committee is responsible for recommending the appointment and removal of external auditors and ensuring the accuracy of financial statements[142] - The Audit Committee reviewed quarterly, interim, and annual results, ensuring compliance with accounting standards and GEM Listing Rules[152] - External auditor remuneration for audit services was HK$868,000 and for non-audit services was HK$45,000 for the year ended December 31, 2019[160] - Related party transactions were periodically reviewed and approved by the Audit Committee during the year[176]

Revenue Performance - The Group's revenue for the three months ended September 30, 2019, was HK$8,302,000, a decrease of 52.5% compared to HK$17,457,000 for the same period in 2018[10]. - For the nine months ended September 30, 2019, the Group's revenue was HK$29,704,000, down 24.2% from HK$39,196,000 in the previous year[10]. - Revenue includes sales from software platform services, mobile game development, and interest income from money lending[42]. - For the three months ended September 30, 2019, the revenue from software platform provision was HK$3,792,000, a decrease of 40% compared to HK$6,313,000 in the same period of 2018[43]. - Mobile gaming and application revenue significantly dropped to HK$20,000 from HK$7,906,000 year-over-year for the three months ended September 30, 2019[43]. - Interest income from money lending business increased to HK$4,490,000 for the three months ended September 30, 2019, up 38.8% from HK$3,238,000 in the same period of 2018[43]. - Total revenue for the nine months ended September 30, 2019, was HK$29,704,000, a decrease of 24.2% compared to HK$39,196,000 in the same period of 2018[43]. - Interest income from the Money Lending Business increased significantly to approximately HK$14,737,000, up from approximately HK$9,047,000 in 2018, contributing approximately 49.6% to total revenue[76][99]. - Revenue from the Software Platform Business was approximately HK$13,534,000, an increase of approximately 10.0% compared to HK$12,301,000 in 2018, accounting for approximately 45.6% of total revenue[76][88]. Profit and Loss - The gross profit for the three months ended September 30, 2019, was HK$7,392,000, representing a decline of 54.5% from HK$16,285,000 in the same period of 2018[10]. - The loss from operations for the three months ended September 30, 2019, was HK$4,184,000, compared to a loss of HK$1,426,000 for the same period in 2018[11]. - The loss for the period attributable to owners of the Company for the three months ended September 30, 2019, was HK$2,849,000, compared to a loss of HK$3,646,000 in the previous year[11]. - The basic and diluted loss per share for the three months ended September 30, 2019, was HK$0.22, an improvement from HK$0.29 in the same period of 2018[11]. - The Group reported a loss before taxation of HK$4,711,000 for the three months ended September 30, 2019, compared to a loss of HK$1,657,000 in the previous year[11]. - The company reported a loss of HK$4,182,000 for the three months ended September 30, 2019, compared to a loss of HK$2,357,000 in the same period of 2018, representing an increase in loss of approximately 77.4%[13]. - For the nine months ended September 30, 2019, the total loss was HK$12,174,000, a decrease of 11.5% compared to a loss of HK$13,761,000 in the same period of 2018[13]. - The total comprehensive expense for the three months ended September 30, 2019, was HK$4,178,000, compared to HK$3,682,000 for the same period in 2018, indicating an increase of 13.5%[13]. - The company attributed a loss of HK$2,827,000 to owners of the Company for the three months ended September 30, 2019, down from HK$4,971,000 in the same period of 2018, a reduction of 43.2%[13]. - The company reported a total comprehensive expense of HK$12,229,000 for the nine months ended September 30, 2019, compared to HK$15,534,000 for the same period in 2018, reflecting a decrease of 21.5%[13]. Expenses - The Group's administrative expenses for the three months ended September 30, 2019, were HK$8,740,000, down from HK$11,354,000 in the previous year[10]. - Research and development expenses for the three months ended September 30, 2019, were HK$2,290,000, compared to HK$2,146,000 in the same period of 2018[10]. - Salaries, wages, and other benefits for the three months ended September 30, 2019, were HK$4,908,000, a slight decrease from HK$5,019,000 in the same period of 2018[58]. - Administrative and other operating expenses decreased to approximately HK$39,257,000 from approximately HK$43,225,000 in 2018, primarily due to reductions in administrative and research and development expenses[79][83]. - The total finance charges for the nine months ended September 30, 2019, were HK$1,864,000, an increase from HK$1,809,000 in the same period of 2018[54]. Taxation - The income tax credit for the three months ended September 30, 2019, was HK$529,000, compared to an expense of HK$700,000 in the same period of 2018[11]. - The deferred tax credit for the nine months ended September 30, 2019, was HK$1,588,000, compared to a deferred tax expense of HK$908,000 in the same period of 2018[63]. - The company did not make any provision for Hong Kong Profits Tax or PRC Enterprise Income Tax due to tax losses carried forward[63][64]. Equity and Shares - The company’s accumulated losses increased to HK$211,547,000 as of September 30, 2019, compared to HK$202,770,000 at the beginning of the year[15]. - The total equity attributable to owners of the Company as of September 30, 2019, was HK$239,569,000, a decrease from HK$248,383,000 at the beginning of the year[15]. - The company issued shares worth HK$32,337,000 during the period, contributing to changes in equity[15]. - The total number of ordinary shares in issue as of September 30, 2019, was 1,272,640,000, unchanged from the previous quarter[71][74]. - The total number of shares issued as of September 30, 2019, was 1,272,640,000[118]. - Mr. Chiu Ngai Hung holds a beneficial ownership of 687,177,955 shares, representing approximately 54.00% of the total shareholding[117]. Business Strategy and Outlook - The Group has adopted a more conservative sales strategy for the Mobile Gaming and Application Business to reduce investment costs amid fierce competition and regulatory challenges[95][96]. - The Money Lending Business has become a main source of income for the Group, achieving a revenue increase of approximately 62.9%[99]. - The company anticipates a continued downward trend in the lending market through the fourth quarter of 2019 due to market competition and the Sino-US trade war[101]. - The company expects Hong Kong's economy to slow down amid ongoing uncertainties, impacting business strategies and cost control measures[102]. - The company will remain cautious in resource allocation while seeking potential investment opportunities to create synergies with existing business segments[103]. Risk Management and Governance - The company has adopted a prudent credit policy to mitigate risks associated with impairment and bad debts in its personal loan portfolio[101]. - The management will continue to review and tighten credit policies to prevent potential losses from bad debts[105]. - The Audit Committee consists of three independent non-executive Directors: Mr. Leung Man Chun, Mr. Fok Kin Fung Eric, and Dr. Lee G. Lam[126]. - The Audit Committee is responsible for reviewing the financial reporting process, risk management, and internal control of the Group[126]. - The Company has not purchased, sold, or redeemed any of its listed securities during the Period[129]. - The Company has adopted a code of conduct regarding securities transactions by directors, with no reported non-compliance during the Period[128]. - The Board comprises two executive Directors, one non-executive Director, and three independent non-executive Directors as of the report date[130]. - The Company reviewed its accounting principles and practices, discussing internal controls and financial reporting matters with the Board[127]. - The Group is capable of conducting its business independently and at arm's length from the interests of the mentioned companies[123]. - No Directors have interests in any competing businesses as per the disclosures[124]. - The Company is listed on the GEM of the Stock Exchange[123]. - The report is dated November 8, 2019, indicating the financial performance for the third quarter of 2019[130].

Aurum Pacific (China) Group Limited 奧栢中國集團有限公司 ( 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: 8148 香港聯合交易所有限公司（「聯交所」）GEM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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於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之任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關奧栢中國集團有限公司（「本公司」）的資 料；本公司的董事（「董 ...

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