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。 AURUM PACIFIC (CHINA) GROUP LIMITED 奧栢中國集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8148） 二零二三年第一季度業績公佈 奧栢中國集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二三年三月三十一日止三個月之未經審核季度業績。本公 告列載本公司二零二三年第一季度報告全文，並符合香港聯合交易所有限公司（「聯 交所」） GEM的證券上市規則（「GEM上市規則」）中有關季度業績初步公佈附載 資料之要求。本公司之二零二三年第一季度報告將於二零二三年五月十二日在聯 交所網站www.hkexnews.hk及本公司網站www.aurumpacific.com.hk可供閱覽。 承董事會命 奧栢中國集團有限公司 主席 劉冠州 ...

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。 AURUM PACIFIC (CHINA) GROUP LIMITED 奧 栢 中 國 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8148） 有關截至二零二二年十二月三十一日止年度的年度報告的補充公告 茲 提 述 奧 栢 中 國 集 團 有 限 公 司（「 本 公 司 」）日 期 為 二 零 二 三 年 三 月 三十一 日 的 公 告（「 該 公告」），內容有關本公司及其附屬公司（ 統稱「本集團」）截至二零二二年十二月三十 一日止年度 的 經 審 核 綜 合 財 務 業 績 ， 及 本 公 司 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 度 報 告（「年報」）。除另有界定者外，本公告所用詞彙與該公告及年報所界定者具有相 同涵義。 除該公告及年報所披露的資料外，本公司謹向本公司股東及潛在投資者提供以下披露在年報中第 127 頁有關於 2022 年 ...

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。 AURUM PACIFIC (CHINA) GROUP LIMITED 奧栢中國集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8148） 二零二二年全年業績公告 奧栢中國集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二二年十二月三十一日止年度之經審核業績。本公告列載 本公司二零二二年年報全文，並符合香港聯合交易所有限公司（「聯交所」） GEM 的證券上市規則（「GEM上市規則」）中有關全年業績初步公佈附載資料之要求。 本公司之二零二二年年報將於稍後在聯交所網站www.hkexnews.hk及本公司網站 www.aurumpacific.com.hk可供閱覽。 承董事會命 奧栢中國集團有限公司 執行董事 鍾文禮 ...

Financial Performance - For the year ended December 31, 2022, the Group recorded total revenue of approximately HK$21,436,000, representing an increase of approximately HK$1,178,000 or 5.8% compared to HK$20,258,000 in 2021[17]. - The increase in revenue was primarily attributed to the Software Platform Business, which saw a segment revenue increase of approximately HK$1,223,000, reaching approximately HK$21,436,000 for the year[18]. - The Mobile Games and Applications Business reported nil revenue for the year, down from approximately HK$45,000 in 2021, due to the obsolescence of current mobile games and a reassessment of the Group's strategy[19]. - The cost of sales for the year amounted to approximately HK$8,677,000, a decrease of approximately 27.0% from HK$11,889,000 in 2021, as the Group engaged fewer subcontractors and redirected more staff to research and development[20]. - Gross profit increased by approximately 52.5% to approximately HK$12,759,000, up from approximately HK$8,369,000 in 2021[23][28]. - The consolidated net loss attributable to owners from continuing operations was approximately HK$21,299,000, compared to approximately HK$6,328,000 in 2021, mainly due to an impairment loss on goodwill of approximately HK$18,508,000[27][32]. - The profit from discontinued operations was approximately HK$76,000, a significant improvement from a loss of approximately HK$77,009,000 in 2021, due to efforts to recover outstanding loans[26][31]. Expenses and Costs - Administrative and other operating expenses decreased significantly to approximately HK$16,666,000 from approximately HK$28,315,000 in 2021, mainly due to a reduction in depreciation of property, plant, and equipment[24][29]. - Finance costs decreased to approximately HK$274,000 from approximately HK$1,456,000 in 2021, primarily due to the repayment of several bank borrowings[25][30]. - Employee costs for the year ended December 31, 2022, were approximately HK$16,687,000, slightly down from approximately HK$16,791,000 in 2021, with 52 employees as of the reporting date[70][72]. Assets and Liabilities - As of December 31, 2022, the Group's cash and cash equivalents were approximately HK$4,445,000, an increase from approximately HK$3,791,000 in 2021[52][55]. - The Group's total assets were approximately HK$19,570,000, down from approximately HK$35,678,000 in 2021, while total liabilities increased to approximately HK$13,945,000 from approximately HK$8,796,000[53][56]. - The gearing ratio as of December 31, 2022, was approximately 71.3%, significantly higher than 24.7% in 2021, indicating increased financial leverage[53][56]. - The current ratio as of December 31, 2022, was approximately 0.86, down from approximately 1.68 in 2021, indicating potential liquidity concerns[53][56]. Business Strategy and Market Trends - The Group continues to focus on two principal businesses: Software Platform Business and Mobile Games and Applications Business[35][40]. - The COVID-19 pandemic has delayed revenue recognition for ongoing projects by an estimated 3 to 4 months on average due to quarantine measures and limited human resources[36][37]. - The increasing adoption of IT solutions among SMEs in Hong Kong is expected to drive market growth, with a focus on ERP and CRM solutions[44]. - The adoption of Big Data solutions is a key trend contributing to market growth, as enterprises seek to optimize production and improve decision-making[45]. Corporate Governance - The company does not have a Chairman during the Reporting Period, and the company secretary reported to the executive Directors since April 1, 2020, following the resignation of the previous CEO[85]. - The Board comprises six Directors, including two executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring a balanced composition for effective independent judgment[95]. - The company has adopted anti-corruption and whistleblowing policies to uphold business integrity and provide forums for reporting misconduct[93]. - The Board recognizes the importance of regular performance evaluations and is satisfied with its composition and effectiveness[89]. - The company is committed to improving operational efficiency and strengthening risk control measures as core competitiveness[94]. - The company has not identified any violations of the securities trading code by its Directors or employees[81]. - The company will arrange for new appointments of the Chairman and CEO when deemed appropriate[104]. - The company has three independent non-executive Directors, with at least one possessing appropriate professional accounting expertise[106]. - The Board will continue to review and monitor its corporate governance practices to ensure compliance with the CG Code[87]. - The company emphasizes the importance of a healthy corporate culture for achieving sustainable long-term success[94]. Board and Director Responsibilities - The Board is collectively responsible for directing and supervising the Company's affairs, ensuring effective internal control and risk management systems[120]. - The Company has established insurance coverage for directors and senior management against legal actions arising from corporate activities, reviewed annually[127]. - Continuous professional development is emphasized for all directors to keep them informed of regulatory changes and business developments[130]. - Newly appointed directors receive comprehensive induction to understand the Company's operations and their responsibilities under GEM Listing Rules[129]. - The Audit Committee reviewed quarterly, interim, and annual financial reports, ensuring completeness, accuracy, and fairness of financial statements[137]. - The Audit Committee held four meetings during the reporting period, with full attendance from all members[144]. - The Remuneration Committee is responsible for recommending remuneration packages for Directors and senior management, considering market conditions and individual responsibilities[148]. - Directors' emoluments for the year ended December 31, 2022, are detailed in note 8 of the consolidated financial statements[149]. - The Audit Committee oversees the relationship with external auditors and evaluates the effectiveness of internal control and risk management systems[136]. - The Company has adopted the corporate governance code provisions regarding the structure and responsibilities of the Audit and Remuneration Committees[147]. - The Audit Committee comprises three Independent Non-Executive Directors (INEDs), chaired by Mr. Tai Man Tai[142]. - The Company provides training and development opportunities for Directors to enhance their knowledge and skills in corporate governance[133]. - The Audit Committee's terms of reference align with the Corporate Governance Code and are available on the Company's and Stock Exchange's websites[147]. - The Company encourages all Directors to participate in relevant training courses, with costs covered by the Company[133]. - The Remuneration Committee held one meeting during the year ended December 31, 2022, with full attendance from all members[158]. - The Nomination Committee also conducted one meeting in the same period, with all members present[164]. - The Nomination Committee reviewed the Board's structure, size, and composition, assessing the independence of Independent Non-Executive Directors (INEDs) and making recommendations for re-election of retiring Directors[167]. - The Company adopted a Board Diversity Policy on September 1, 2013, focusing on diversity in gender, age, ethnicity, knowledge, and length of service[175]. - The Nomination Committee monitors the implementation of the Board Diversity Policy annually, ensuring a diverse Board composition[178]. - The Nomination Policy was adopted in February 2019, outlining the criteria for selecting candidates based on character, integrity, qualifications, and diversity[168]. - The Company emphasizes meritocracy in Board appointments, considering candidates' contributions and diversity perspectives[176]. - The Remuneration Committee reviewed the remuneration policy and packages for all Directors during 2022[158]. - No material matters related to share schemes were reviewed or approved by the Remuneration Committee during the reporting period[159]. - The Nomination Committee will regularly review the Nomination Policy or as necessary[170]. - The Nomination Committee has reviewed and confirmed the effectiveness of the Board Diversity Policy, indicating that the Group has achieved its diversity goals[184]. - The Board held a total of 4 meetings during the reporting period, with active participation from the majority of Directors[187]. Dividend Policy - The Company follows a continuity-based dividend policy aimed at allowing shareholders to participate in profits while retaining adequate reserves for future growth[195]. - In determining dividend proposals, the Board considers operating results, expected financial performance, retained earnings, and the Group's debt to equity ratios[196]. - The Board will review and update the Dividend Policy as necessary to reflect the Company's financial situation and strategic goals[197]. Compliance and Risk Management - The Group's compliance with legal and regulatory requirements is regularly reviewed as part of its corporate governance practices[186]. - The Board is responsible for evaluating risks associated with achieving strategic objectives and ensuring effective risk management and internal control systems are in place[199]. - The Group has established anti-corruption and whistleblowing policies to support compliance with laws and regulations, allowing confidential reporting of concerns[198].

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。 AURUM PACIFIC (CHINA) GROUP LIMITED 奧栢中國集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8148） 二零二二年全年業績公告 奧栢中國集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二二年十二月三十一日止年度之經審核業績。本公告列載 本公司二零二二年年報全文，並符合香港聯合交易所有限公司（「聯交所」） GEM 的證券上市規則（「GEM上市規則」）中有關全年業績初步公佈附載資料之要求。 本公司之二零二二年年報將於稍後在聯交所網站www.hkexnews.hk及本公司網站 www.aurumpacific.com.hk可供閱覽。 承董事會命 奧栢中國集團有限公司 執行董事 鍾文禮 ...

Financial Performance - The Group's revenue for the three months ended September 30, 2022, was HK$4,209,000, a decrease of 22.6% compared to HK$5,443,000 for the same period in 2021[10] - Gross profit for the three months ended September 30, 2022, was HK$2,823,000, representing a significant increase of 168.5% from HK$1,050,000 in the previous year[10] - The loss from operations for the three months ended September 30, 2022, was HK$992,000, an improvement compared to a loss of HK$3,585,000 in the same period of 2021[10] - The total loss for the period from continuing operations for the three months ended September 30, 2022, was HK$1,067,000, compared to a loss of HK$3,993,000 in the same period of 2021[10] - Loss for the three months ended 30 September 2022 was HK$1,051,000, a decrease of 73.9% compared to HK$4,028,000 for the same period in 2021[13] - Loss for the nine months ended 30 September 2022 was HK$820,000, a significant improvement from HK$30,669,000 in the previous year, representing a reduction of 97.3%[13] - Total comprehensive expense for the three months ended 30 September 2022 was HK$1,051,000, down from HK$4,028,000 in the same period of 2021[13] - Total comprehensive expense for the nine months ended 30 September 2022 was HK$819,000, compared to HK$30,685,000 for the same period in 2021, indicating a decrease of 97.3%[13] - The Group's total loss for the nine months ended September 30, 2022, was HK$820,000, a significant reduction from HK$30,669,000 in the same period of 2021[11] - The consolidated net loss attributable to owners of the Company for the Period was approximately HK$804,000, a significant improvement compared to approximately HK$29,863,000 for the same period in 2021, mainly due to reduced administrative and operating expenses[70] Revenue and Income - Revenue from software platform services for the three months ended September 30, 2022, was HK$4,209,000, a decrease of 22.3% compared to HK$5,423,000 in the same period of 2021[27] - For the nine months ended September 30, 2022, revenue from software platform services increased to HK$16,493,000, up 8.5% from HK$15,199,000 in 2021[27] - The Group's total revenue for the nine months ended September 30, 2022, was HK$16,493,000, compared to HK$15,242,000 for the same period in 2021, reflecting a growth of 8.2%[27] - The Group's other income for the nine months ended September 30, 2022, was HK$1,029,000, compared to HK$246,000 in the same period of 2021, indicating a significant increase[30] - Other income for the three months ended September 30, 2022, was HK$653,000, compared to HK$8,000 in the same period of 2021[10] - The Group received government grants totaling HK$653,000 for the three months ended September 30, 2022, compared to no grants in the same period of 2021[30] Expenses and Costs - Research and development expenses for the nine months ended September 30, 2022, totaled HK$7,570,000, which is an increase of 141.5% from HK$3,135,000 in the previous year[10] - The administrative expenses for the three months ended September 30, 2022, were HK$1,362,000, a decrease from HK$2,813,000 in the previous year[10] - Total staff costs for the three months ended September 30, 2022, were HK$4,200,000, an increase of 42.8% from HK$2,941,000 in the same period of 2021[35] - Administrative and other operating expenses amounted to approximately HK$13,292,000 for the Period, a decrease from approximately HK$15,968,000 in 2021, primarily due to a significant reduction in depreciation expenses[67] - Finance costs decreased to approximately HK$182,000 for the Period, down from approximately HK$1,242,000 in 2021, primarily due to the repayment of several bank borrowings[73] Shareholder Information - As of September 30, 2022, Mr. Chiu Ngai Hung holds 663,477,955 shares, representing approximately 52.13% of the total shareholding[100] - The total number of shares in issue as of September 30, 2022, is 1,272,640,000[100] - The weighted average number of ordinary shares in issue during the Period remained constant at 1,272,640,000 shares[55] - The Board does not recommend the payment of any dividend for the nine months ended September 30, 2022, consistent with the previous year[49] Business Operations and Strategy - The Group did not renew its money lender license after its expiration on June 2, 2021, and ceased the Money Lending Business in September 2021 due to market competition and risks associated with loan defaults[40] - The Group plans to focus on growth prospects in fast-growing segments while maintaining its position in slow-growing segments to recover from the post-COVID-19 impact[91] - Increased adoption of IT solutions among Hong Kong SMEs is expected to drive growth in the IT market, with a focus on ERP and CRM software[87] - The adoption of Big Data solutions is a key trend contributing to market growth, as Hong Kong enterprises utilize these tools to optimize operations and enhance decision-making[88] - The Group has not planned to cease the development of its mobile games, with the postponement being a strategic reassessment rather than a cessation[80] - The Group's Software Platform Business faced revenue recognition delays of approximately 3 to 4 months due to the impact of COVID-19 quarantine measures[78] Governance and Compliance - The Audit Committee comprises three independent non-executive Directors, responsible for reviewing financial reporting and internal controls[106] - The Company has adopted a code of conduct regarding securities transactions by Directors, with no reported non-compliance during the Period[108] - The Company did not purchase, sell, or redeem any of its listed securities during the Period[109] - There were no arrangements enabling Directors or chief executives to acquire benefits through shares or debt securities during the Period[95] - No Directors have interests in any competing business as of the report date[102] - The Company had no substantial changes in Directors' interests in shares or debentures as of September 30, 2022[99] - The Company has not been notified of any other interests or short positions in shares by any person other than Directors, chief executives, and substantial shareholders as of September 30, 2022[101] - The Company has not applied new and revised HKFRSs that have been issued but are not yet effective, and is assessing their potential impact[20] - The financial statements are prepared under the historical cost convention and comply with accounting standards issued by the HKICPA[17]

Financial Performance - The Group's revenue for the three months ended March 31, 2022, was HK$6,163,000, an increase of 2.8% compared to HK$5,986,000 for the same period in 2021[10] - Gross profit for the period was HK$4,621,000, representing a gross margin of approximately 75% compared to HK$3,990,000 in the previous year[10] - The Group reported a profit from operations of HK$248,000, a significant improvement from a loss of HK$1,481,000 in the same period last year[10] - Profit before taxation was HK$207,000, compared to a loss of HK$1,875,000 in the prior year[10] - The profit for the period from continuing operations was HK$207,000, a recovery from a loss of HK$1,875,000 in the previous year[11] - The profit attributable to owners of the Company from discontinued operations was HK$27,000, compared to a loss of HK$19,609,000 in the same period last year[11] - Basic and diluted earnings per share from continuing operations was HK$0.02, a recovery from a loss of HK$0.12 per share in the previous year[11] - Total comprehensive income for the period was HK$235,000, compared to a total comprehensive loss of HK$21,500,000 in the same period last year[13] - The company reported a profit of HK$240,000 for the period, contrasting with a loss of HK$21,076,000 in the previous year[15] - Total comprehensive income for the period was HK$241,000, compared to a total comprehensive expense of HK$21,500,000 in the same period last year[15] Expenses and Cost Management - Research and development expenses increased to HK$2,468,000 from HK$934,000 in the previous year, reflecting the Company's commitment to innovation[10] - Administrative expenses decreased significantly to HK$1,329,000 from HK$4,242,000, indicating improved cost management[10] - Administrative and other operating expenses for the Period were approximately HK$4,373,000, down from approximately HK$5,727,000 in 2021, primarily due to reduced depreciation and staff costs[59] - Staff costs increased to HK$4,063,000 in Q1 2022 from HK$3,393,000 in Q1 2021, reflecting a rise of approximately 19.7%[31] - Interest on lease liabilities rose to HK$15,000 in Q1 2022 from HK$7,000 in Q1 2021, marking an increase of 114.3%[31] - The company recorded finance costs of HK$41,000 in Q1 2022, a decrease of 89.6% from HK$394,000 in Q1 2021[31] - The depreciation of property, plant, and equipment significantly decreased to HK$41,000 in Q1 2022 from HK$1,259,000 in Q1 2021, a reduction of approximately 96.7%[31] Revenue Sources - The company did not generate revenue from mobile games and applications in the first quarter of 2022, compared to HK$10,000 in the same period of 2021[26] - Revenue from the Software Platform Business increased by approximately HK$177,000 to approximately HK$6,163,000 for the Period, compared to approximately HK$5,986,000 for the same period in 2021[55] - The segment revenue from the Mobile Games and Applications Business was nil for the Period, down from approximately HK$10,000 in 2021 due to the obsolescence of current mobile games and a reassessment of the Group's strategy[56] Business Strategy and Future Outlook - The Group continues to focus on two principal businesses: Software Platform Business and Mobile Games and Applications Business[70] - The Group is shifting its mobile game business strategy to an IP-based approach to enhance competitiveness and operational flexibility[83] - The COVID-19 pandemic has caused delays in revenue recognition for ongoing projects by an estimated 3 to 4 months on average due to quarantine measures and work-from-home arrangements[71] - The Group expects to recognize more revenue from signed contracts and pipeline inquiries as the business environment improves following the recent COVID-19 situation[79] Shareholder Information - As of March 31, 2022, Mr. Chiu Ngai Hung holds 663,477,955 shares, representing approximately 52.13% of the total shareholding[93] - The total number of shares issued as of March 31, 2022, is 1,272,640,000[94] - The weighted average number of ordinary shares for the purposes of basic and diluted earnings/(loss) per share remained at 1,272,640,000 shares for both periods[50] Corporate Governance - The Audit Committee consists of three independent non-executive Directors, responsible for reviewing financial reporting and internal controls[99] - The Company has adopted a code of conduct for securities transactions by Directors, with no reported non-compliance during the period[101] - The Audit Committee has reviewed the accounting principles and practices adopted by the Company[100] - The Company did not purchase, sell, or redeem any of its listed securities during the reporting period[102] - There were no interests reported by Directors in any competing business during the period[95] - The Company has not been notified of any other interests or short positions in its shares by persons other than Directors and substantial shareholders as of March 31, 2022[96] Taxation and Regulatory Compliance - No provision for Hong Kong Profits Tax was made for both Q1 2022 and Q1 2021 due to tax losses exceeding assessable profits[34] - The total actual tax for the group was HK$0 for both Q1 2022 and Q1 2021, as there were no assessable profits[33] - The company has adopted all new and revised HKFRSs effective from January 1, 2022, with no significant impact on its financial statements[19] - The company is currently assessing the impact of new HKFRSs that have been issued but are not yet effective[20]

Financial Performance - For the year ended December 31, 2021, the Group recorded total revenue of approximately HK$20,258,000, representing a decrease of approximately HK$472,000 or 2.3% compared to HK$20,730,000 in 2020[15]. - Revenue from the Mobile Games and Applications Business decreased by approximately HK$282,000, with segment revenue of approximately HK$45,000 for the year ended December 31, 2021, down from approximately HK$327,000 in 2020[16]. - The Software Platform Business recorded a slight decrease in revenue of approximately HK$190,000, totaling approximately HK$20,213,000 for the year ended December 31, 2021, compared to approximately HK$20,403,000 in 2020[17]. - The Group's gross profit for the year ended December 31, 2021, decreased by approximately 7.3% to approximately HK$8,369,000 compared to approximately HK$9,031,000 in 2020[22][28]. - The consolidated net loss attributable to owners of the Company for the year ended December 31, 2021, was approximately HK$83,337,000, representing an increase of approximately 16.4% compared to approximately HK$71,611,000 in 2020[27][32]. - The loss from discontinued operations for the year ended December 31, 2021, was approximately HK$77,009,000, a significant increase of approximately HK$68,564,000 compared to approximately HK$8,445,000 in 2020, mainly due to decreased revenue and increased impairment losses[26][31]. Cost and Expenses - The Group's cost of sales for the year ended December 31, 2021, amounted to approximately HK$11,889,000, representing a slight increase of 1.6% from approximately HK$11,699,000 in 2020[18]. - Administrative and other operating expenses for the year ended December 31, 2021, amounted to approximately HK$28,315,000, a significant decrease from approximately HK$56,329,000 in 2020, primarily due to reduced impairment losses and staff costs[23][29]. - Finance costs for the year ended December 31, 2021, were approximately HK$1,456,000, down from approximately HK$1,828,000 in 2020[24][30]. Business Strategy and Outlook - The Group's financial performance reflects challenges in the gaming sector, necessitating strategic adjustments to enhance revenue streams[15]. - The decrease in revenue highlights the need for innovation and market expansion strategies to revitalize the Mobile Games and Applications Business[16]. - The Group's management is focused on developing new technologies and products to improve competitive positioning in the market[16]. - Future outlook includes ongoing development of new mobile games and potential enhancements in software platform services to drive growth[16]. - The existing mobile games are approaching the end of their life-cycles, resulting in low segment revenue for the year ended December 31, 2021[16]. - New mobile games are still under development, indicating potential future revenue growth once launched[16]. - The mobile game industry is expected to see a decline in daily active users and average online time, leading to a more conservative business strategy for mobile games owned and under development by the Group[37][41]. Corporate Governance - The company did not have a Chairman during the year ended December 31, 2021, which is a deviation from CG Code provision A.2.1[91]. - The company has implemented corporate governance measures focusing on shareholder integrity, quality of information disclosure, transparency, and accountability[94]. - The roles of Chairman and CEO are required to be separate under CG Code provision A.2.1, which the company did not comply with due to the absence of a Chairman[111]. - The company held its annual general meeting on May 27, 2021, with Mr. Chow Yik acting as the chairman in the absence of a designated Chairman[92]. - The Board comprises five Directors, including two executive Directors and three independent non-executive Directors, ensuring a balanced composition[99]. - The company aims to maintain high standards of corporate governance throughout its operations[96]. - The company currently has no Chairman and CEO following the resignations of Mr. Chan Wai Kit and Mr. Chan Kwun Chung on November 1, 2018, and April 1, 2020, respectively[116]. - The company received annual confirmations of independence from all INEDs, affirming their compliance with GEM Listing Rules[122]. Risk Management and Internal Control - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[192]. - The Board is responsible for evaluating the risks the Company is willing to take to achieve its strategic objectives[191]. - The Company’s external auditor was Baker Tilly Hong Kong Limited, with no non-audit services provided during the year[183]. - The Board conducted an annual review of the internal control system, concluding that the Group had established a sound control environment[193]. - The Audit Committee reviewed financial reporting matters including quarterly, interim, and annual results, and evaluated the effectiveness of risk management and internal control systems[175]. Human Resources - As of December 31, 2021, the Group had 53 employees, with total staff costs amounting to approximately HK$16,791,000, an increase from approximately HK$14,724,000 in 2020[81][87]. - The Group's remuneration policy is periodically revised based on market conditions and individual performance[82]. Financial Position - As of December 31, 2021, the Group's total assets were approximately HK$35,678,000, a decrease from approximately HK$159,519,000 in 2020, while total liabilities were approximately HK$8,796,000, down from approximately HK$44,688,000 in 2020[64][68]. - The Group's gearing ratio improved to approximately 24.7% in 2021 from 28.0% in 2020, and the current ratio decreased to approximately 1.68 from 2.24 in the previous year[64][68]. - The Group's cash and cash equivalents as of December 31, 2021, were approximately HK$3,791,000, an increase from approximately HK$3,415,000 in 2020[59]. - The Group's funding strategy focuses on maintaining a healthy liquidity position through internally generated resources and equity or debt financing[77]. Lending Operations - The Group decided to cease the Money Lending Business segment upon the expiry of the money lending license on June 2, 2021, due to economic challenges and the impact of COVID-19[35][42]. - The Group plans to cease its lending operations after the expiration of its license on June 2, 2021, due to ongoing economic challenges[46]. - The Group has implemented strict credit assessment procedures to ensure comprehensive risk management in its lending operations[47]. - The Group is actively reviewing the recoverability of outstanding loans and formulating measures to minimize impairment losses, including legal actions if necessary[56]. - The methodology for measuring expected credit loss (ECL) is based on lifetime expected losses, reflecting the remaining lifetime of the financial asset[55]. Shareholder Matters - The Group did not recommend the payment of any final dividend for the year ended December 31, 2021[34][38]. - The Group's net proceeds from a previous share placement were approximately HK$32,337,000, with HK$30,879,000 utilized by December 31, 2021, leaving HK$1,458,000 unutilized[72][76].

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].