Financial Performance - The group's revenue for the fiscal year ending September 30, 2023, was approximately HKD 12.3 million, representing a 59.2% increase compared to HKD 7.7 million in 2022[11] - The loss attributable to equity shareholders was approximately HKD 1.9 million, a significant reduction of 79.1% from HKD 9.3 million in the previous fiscal year[11] - Revenue for the year ended September 30, 2023, was approximately HKD 12.3 million, an increase of about HKD 4.6 million or approximately 59.2% compared to HKD 7.7 million in the same period last year[22] - The group reported a net loss of approximately HKD 1.9 million for the year ended September 30, 2023, a significant reduction from a net loss of approximately HKD 9.3 million in the previous year[28] - Other income for the year included bank interest income of approximately HKD 0.5 million, up from HKD 0.1 million in 2022, and government subsidies of approximately HKD 0.03 million, down from HKD 0.3 million in 2022[23] Corporate Finance Advisory Services - The group successfully secured 19 new corporate finance advisory service contracts during the fiscal year, with a total contract value of approximately HKD 10.6 million[17] - The corporate finance advisory services revenue increased by approximately 62.9% compared to the previous year, reflecting the group's effective business strategy adjustments[17] - The group has uncompleted contract amounts exceeding HKD 8.0 million from advisory service contracts during the period from October 1, 2023, to December 20, 2023[18] Business Environment and Strategy - The board noted that the business environment was challenging due to geopolitical tensions and rising interest rates, but opportunities are expected to increase following the lifting of cross-border restrictions between Hong Kong and China[13] - The group aims to maintain competitive pricing strategies while ensuring high-quality service to clients amid intense price competition in the corporate finance sector[17] - The board is optimistic about continued performance improvement in the absence of unforeseen circumstances[16] - The overall economic and financial markets are slowly recovering, with no interest rate hikes from the Federal Reserve since July 2023[13] Human Resources and Employee Welfare - Employee benefit expenses increased to approximately HKD 9.4 million for the year ended September 30, 2023, compared to HKD 8.0 million in 2022, primarily due to higher salaries and performance-related bonuses[24] - The group employed 17 staff members as of September 30, 2023, an increase from 13 in 2022, reflecting a focus on enhancing human resources[43] Risk Management and Corporate Governance - The group is exposed to several risks, including reliance on key authorized personnel and potential adverse economic conditions affecting financial service transactions[44] - The company has complied with all corporate governance codes as outlined in the GEM Listing Rules throughout the year[47] - The board is responsible for maintaining the group's risk management and internal control systems, continuously monitoring risks faced by the group[84] - The company has established a comprehensive risk management approach covering various risk areas, including credit, market, and operational risks[85] - The effectiveness of the risk management and internal control systems was reviewed and deemed sufficient and effective in financial control, operational and compliance control, and risk management functions as of September 30, 2023[90] Board Composition and Diversity - The board of directors consists of five executive directors and three independent non-executive directors, ensuring a balanced composition[50] - The company has established a board diversity policy aimed at enhancing decision-making capabilities and efficiency during organizational changes[51] - The company achieved most measurable targets under its board diversity policy during the fiscal year[57] - The company emphasizes the importance of board diversity for sustainable development and effective decision-making[56] Environmental, Social, and Governance (ESG) Initiatives - The board is responsible for the company's sustainable development strategy and has established an ESG committee to assess and advise on sustainability policies[166] - The company emphasizes stakeholder engagement to identify and assess significant ESG issues impacting stakeholders[169] - The total greenhouse gas emissions for the year 2023 were 19.8 tons of CO2 equivalent, a slight decrease of approximately 4.3% compared to 20.7 tons in 2022[184] - The company is committed to reducing its environmental footprint by implementing energy-saving measures and promoting recycling initiatives[180] - The company aims to engage stakeholders to better understand significant environmental, social, and governance issues[178] Shareholder Communication and Capital Structure - The board has established a shareholder communication policy to maintain ongoing dialogue with shareholders and investment groups, ensuring timely access to publicly available information[92] - The company has maintained sufficient public float as required by GEM listing rules as of the report date[160] - The company did not declare any final dividend for the year[118] - The company has not entered into any equity-linked agreements as of September 30, 2023[144] Future Outlook and Strategic Direction - The company is focused on expanding its market presence and enhancing its corporate governance through the appointment of experienced directors[106] - The company continues to strengthen its leadership team to navigate the complexities of the financial market effectively[109]

Amasse Capital Holdings Limited 寶 積 資 本 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8168） 截 至 2023 年 9月 30日 止 年 度 之 全 年 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，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。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。 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聯交所主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 本公告的資料乃遵照聯交所GEM證券上市規則而刊載，旨在提供有關寶積資本控股有限公司及其 附屬公司的資料，本公司董事願就本公告的資料共同及個別地承擔全部責任。董事經作出一切合理 查詢後確認，就其所 ...

Revenue Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 2,316,000, a 116% increase compared to HKD 1,072,000 for the same period in 2022[6]. - For the nine months ended June 30, 2023, total revenue reached HKD 7,435,000, up 37% from HKD 5,441,000 in the previous year[6]. - Revenue for the nine months ended June 30, 2023, was approximately HKD 7.4 million, an increase of about HKD 2.0 million or approximately 37.0% compared to HKD 5.4 million in the same period last year[37]. Loss and Financial Performance - The company incurred a pre-tax loss of HKD 990,000 for the three months ended June 30, 2023, significantly improved from a loss of HKD 2,500,000 in the same quarter of 2022[6]. - The net loss attributable to equity shareholders for the nine months ended June 30, 2023, was HKD 3,394,000, compared to a loss of HKD 6,331,000 for the same period in 2022[6]. - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.09, an improvement from HKD 0.25 in the same quarter of 2022[6]. - The company’s total net loss for the three months ended June 30, 2023, was HKD 990,000, an improvement from a loss of HKD 2,500,000 in the same quarter of 2022, reflecting a 60% reduction[23]. - The net loss for the nine months ended June 30, 2023, was approximately HKD 3.4 million, a decrease from HKD 6.3 million in the previous year, primarily due to increased revenue and reduced other losses[42]. Other Income and Expenses - The company reported other income of HKD 175,000 for the three months ended June 30, 2023, compared to HKD 124,000 in the same period of 2022[6]. - The company generated other income of HKD 687,000 for the nine months ended June 30, 2023, significantly up from HKD 193,000 in the same period of 2022, marking a 256% increase[19]. - Total operating expenses for the three months ended June 30, 2023, were HKD 2,634,000, compared to HKD 2,469,000 in the same quarter of 2022[6]. - The company’s employee benefit expenses, including directors' remuneration, rose to HKD 7,215,000 for the nine months ended June 30, 2023, compared to HKD 6,251,000 in the previous year, indicating a 15% increase[19]. - The company’s financial expenses related to lease liabilities interest increased to HKD 63,000 for the nine months ended June 30, 2023, compared to HKD 35,000 in the previous year, a rise of 80%[19]. Corporate Developments - The company successfully secured three new corporate finance advisory contracts totaling approximately HKD 1.2 million during the three months ended June 30, 2023[30]. - The company has not provided specific guidance for future performance or new product developments in the current report[6]. - The group plans to focus on securing significant transaction projects to generate higher fee income[34]. - The group has engaged in securities trading advisory services and reached an agreement with a private company for Asian portfolio trading and management services[33]. Shareholder Information - As of June 30, 2023, Ms. Xie and Mr. Lin each hold 562,000,000 shares, representing 51.09% of the company's ordinary shares[55]. - Access Cheer Limited, beneficially owned by Ms. Xie, holds 562,000,000 shares, also representing 51.09% of the total[58]. - No other directors or senior executives held any interests or short positions in the company's shares as of June 30, 2023[57]. Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the nine months ended June 30, 2023[67]. - The audit committee consists of three independent non-executive directors, with Mr. Li as the chairman[64]. - The company has established an audit committee in compliance with GEM Listing Rules[66]. - The board of directors includes both executive and independent non-executive members, ensuring governance compliance[68]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[61]. - No stock options were granted, exercised, cancelled, or lapsed under the stock option scheme during the reporting period[63]. - The company’s stock option plan, effective from February 26, 2018, will remain valid for ten years[62].

Amasse Capital Holdings Limited 寶 積 資 本 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8168） 截 至 2023 年 6月 30日 止 九 個 月 之 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，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。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。 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聯交所主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關寶積資本控股有 限公司（「本公司」）及其附屬公司（統稱「本集團」）的資料，本公司董事（「董事」）願就本公 ...

Financial Performance - For the six months ended March 31, 2023, the company reported total revenue of HKD 5,119,000, an increase of 17.1% compared to HKD 4,369,000 for the same period in 2022[8]. - The company recorded a net profit attributable to equity shareholders of HKD 575,000 for the three months ended March 31, 2023, compared to a loss of HKD 2,753,000 in the same period of 2022[8]. - The company reported a loss of HKD 2,404,000 for the six months ended March 31, 2023, compared to a loss of HKD 3,831,000 for the same period in 2022, representing a 37% improvement in loss[16]. - For the six months ended March 31, 2023, the company's revenue was approximately HKD 5.1 million, an increase of about HKD 0.7 million or approximately 15.9% compared to HKD 4.4 million in the same period last year[64]. - The group reported a net loss of approximately HKD 2.4 million for the six months ended March 31, 2023, a decrease from a net loss of HKD 3.8 million in the same period last year, primarily due to an increase in revenue of approximately HKD 0.7 million and a reduction in other losses by approximately HKD 0.6 million[69]. Cash and Assets - The company's cash and cash equivalents increased to HKD 22,933,000 as of March 31, 2023, up from HKD 17,482,000 as of September 30, 2022, representing a growth of 31.3%[10]. - The company's total assets less current liabilities increased to HKD 30,163,000 as of March 31, 2023, compared to HKD 23,470,000 as of September 30, 2022, reflecting a growth of 28.6%[10]. - The company’s financial assets at fair value through profit or loss amounted to HKD 11,564,000 as of March 31, 2023, down from HKD 14,319,000 as of September 30, 2022, indicating a 19% decrease[43]. - Cash and cash equivalents were approximately HKD 22.9 million as of March 31, 2023, compared to HKD 17.5 million as of September 30, 2022, with a current ratio of approximately 5.0 times[70]. Equity and Liabilities - The company's total equity increased to HKD 29,880,000 as of March 31, 2023, compared to HKD 22,609,000 as of September 30, 2022, representing a growth of 32.2%[12]. - The group’s debt-to-equity ratio improved to approximately 24.6% as of March 31, 2023, down from approximately 48.0% as of September 30, 2022, due to a reduction in loans from a securities broker[70]. - The company’s accumulated losses increased to HKD 21,094,000 as of March 31, 2023, from HKD 18,690,000 as of September 30, 2022[14]. Operational Efficiency - The company continues to focus on expanding its market presence and enhancing its operational efficiency to drive future growth[8]. - The company has maintained competitive pricing strategies while ensuring high-quality service to clients amid intense price competition in the corporate finance industry[57]. - The company is actively exploring and expanding new business areas, including securities trading advisory services, and has reached an agreement with a private company for Asian portfolio trading and management advisory services[60]. Employee Expenses - The company incurred employee benefit expenses of HKD 5,290,000 for the six months ended March 31, 2023, compared to HKD 4,438,000 for the same period in 2022, an increase of 19.3%[8]. - Employee benefits expenses amounted to approximately HKD 5.3 million, an increase of approximately HKD 0.9 million compared to HKD 4.4 million for the six months ended March 31, 2022, mainly due to higher performance-related bonuses[66]. Shareholder Information - As of March 31, 2023, the major shareholders include Ms. Xie and Mr. Lin, each holding 682,000,000 shares, representing 62.00% of the total shares[93]. - Access Cheer Limited, a major shareholder, holds 682,000,000 shares, accounting for 62.00% of the total shares, while Mr. Luo holds 118,000,000 shares, representing 10.73%[95]. - The group did not declare any dividends for the six months ended March 31, 2023, consistent with the previous year[85]. Corporate Actions - The company issued shares resulting in net proceeds of HKD 9,675,000 during the reporting period[14]. - The group completed a placement of 100,000,000 new shares at HKD 0.10 per share on December 5, 2022, raising approximately HKD 9.7 million for general working capital[86]. - The company has not granted, exercised, canceled, or allowed any stock options to expire under the stock option plan since its adoption[99]. Audit and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended March 31, 2023[101].

Amasse Capital Holdings Limited 寶 積 資 本 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8168） 截 至 2023 年 3月 31 日 止 六 個 月 之 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，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。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。 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聯交所主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關寶積資本控股有 限公司（「本公司」）及其附屬公司（統稱「本集團」）的資料，本公司董事（「董事」）願就本公告共同 ...

Financial Performance - Total revenue for the three months ended December 31, 2022, was HKD 1,799,000, a decrease of 26.3% compared to HKD 2,441,000 for the same period in 2021[6] - The company reported a pre-tax loss of HKD 2,979,000 for the three months ended December 31, 2022, compared to a pre-tax loss of HKD 1,078,000 for the same period in 2021, representing an increase in loss of 176.5%[6] - Basic and diluted loss per share for the period was HKD 0.29, compared to HKD 0.11 for the same period in 2021, indicating a significant increase in loss per share[6] - The company reported a loss attributable to shareholders of HKD 2,979,000 for the three months ended December 31, 2022, compared to a loss of HKD 1,078,000 for the same period in 2021[21] - The group recorded a net loss of approximately HKD 3.0 million for the three months ended December 31, 2022, compared to a net loss of HKD 1.1 million for the same period in 2021[41] Employee Expenses - Employee benefit expenses increased to HKD 3,411,000 for the three months ended December 31, 2022, from HKD 2,605,000 in the same period of 2021, reflecting a rise of 30.9%[6] - Employee benefit expenses increased to approximately HKD 3.4 million, up by about HKD 0.8 million from HKD 2.6 million in the same period of 2021, primarily due to increased performance-related bonuses[38] Other Income and Expenses - Other income for the three months ended December 31, 2022, was HKD 216,000, compared to HKD 39,000 in the same period of 2021, showing a substantial increase[16] - The company incurred a net loss of HKD 841,000 from other income and expenses for the three months ended December 31, 2022, compared to a gain of HKD 26,000 in the same period of 2021[16] - Other income included bank interest income of approximately HKD 0.08 million and government subsidies of approximately HKD 0.03 million, while net losses from financial assets amounted to approximately HKD 1.0 million[37] - Other operating expenses for the three months ended December 31, 2022, were approximately HKD 0.4 million, a decrease of HKD 0.2 million from HKD 0.6 million in the same period of 2021[39] Equity and Capital - The company’s total equity as of December 31, 2022, was HKD 29,305,000, an increase from HKD 30,816,000 as of December 31, 2021[8] - The company raised HKD 9,675,000 through the issuance of shares during the period, contributing to the increase in total equity[8] - As of December 31, 2022, the group's equity investment portfolio had a total book value of approximately HKD 1.3 million, down from HKD 14.3 million as of September 30, 2022[43] - The group completed a placement of 100,000,000 new shares at HKD 0.10 per share on December 5, 2022, raising net proceeds of approximately HKD 9.7 million for general working capital[48] - The group will adopt a cautious approach to capital investments in light of ongoing global stock market volatility[47] Business Environment and Strategy - The company faced a challenging business environment due to the COVID-19 pandemic, the war between Russia and Ukraine, and rising interest rates by the US Federal Reserve[25] - The company is actively exploring and expanding new business areas, including asset management advisory services and securities trading advisory services[32] - The company has adopted a competitive pricing strategy while maintaining high-quality service to clients amid intense price competition in the corporate finance sector[29] - The company believes that its current underperformance is temporary and expects gradual improvement in performance as the pandemic recedes and travel restrictions ease[34] - The company’s financial performance indicates a need for strategic reassessment to address the significant increase in losses and declining revenues[6] Corporate Governance - The company has established an Audit Committee in compliance with GEM Listing Rules, focusing on financial reporting and risk management[62] - The Audit Committee, composed of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ended December 31, 2022[64] - The company maintains compliance with the Securities and Futures Ordinance regarding shareholder disclosures[63] - The report was issued on February 13, 2023, indicating ongoing corporate governance practices[65] - The company is led by a diverse board of directors, including both executive and independent non-executive members[65] Dividends and Shareholder Information - The company has not declared any dividends for the three months ended December 31, 2022, consistent with the previous year[19] - The board did not recommend the declaration of a dividend for the three months ended December 31, 2022[42] - No major shareholders or other individuals were reported to have interests in the company's shares as of December 31, 2022[60] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[61] - As of December 31, 2022, Access Cheer holds 750,000,000 shares, representing 68.18% of the total shares[58] - China Economic Special Zone Development Limited and Standard Capital Group Limited each hold 100,000,000 shares, accounting for 9.09% of the total shares[58] Contractual Agreements - The company successfully secured 8 new corporate finance advisory contracts with a total contract value of approximately HKD 3.4 million during the three months ended December 31, 2022[29] - As of February 13, 2023, the total value of unfinished corporate finance advisory contracts reached approximately HKD 9.1 million, exceeding the revenue for the fiscal years ended September 30, 2021, and September 30, 2022[34] - The investment advisory services generated revenue of HKD 300,000 for the fiscal year ended September 30, 2022[30] Future Developments - The company has engaged legal advisors to prepare documentation for an equity investment fund, with negotiations expected to resume in early 2023[32] - The company has not disclosed any new product developments or market expansion strategies in the current report[64]

Financial Performance - For the fiscal year ending September 30, 2022, the group's revenue was approximately HKD 7.7 million, compared to HKD 5.6 million in 2021, representing a year-over-year increase of about 37.5%[23] - The loss attributable to equity shareholders was approximately HKD 9.3 million for the fiscal year, slightly improved from a loss of HKD 9.4 million in the previous year[23] - The company's revenue for the year ended September 30, 2022, was approximately HKD 7.7 million, an increase of about 37.5% compared to HKD 5.6 million in the previous year, primarily due to an increase in institutional financing advisory transactions[40] - The institutional financing advisory services generated a total of approximately HKD 6.9 million in outstanding contract fees as of December 20, 2022, representing about 123.2% and 89.6% of the revenues for the fiscal years ended September 30, 2021, and 2022, respectively[38] - The company achieved a significant improvement in its corporate finance advisory services, with revenues growing nearly 33.7% for the year ended September 30, 2022[33] - The company reported a net loss of approximately HKD 9.3 million for the year ended September 30, 2022, compared to a net loss of about HKD 9.4 million for the year ended September 30, 2021[49] Impact of COVID-19 - The group faced adverse impacts from the COVID-19 pandemic, including the fifth wave outbreak in Hong Kong and lockdowns in major Chinese cities, which limited business opportunities and reduced transaction volumes[28] - The board noted that several significant transactions pursued by the group were delayed or canceled due to tightened measures in Hong Kong and the pandemic's impact on clients[29] - The group is optimistic about future business prospects as the Hong Kong government significantly relaxed pandemic measures in September 2022, and the Chinese government began easing restrictions in December 2022[29] Cash and Liquidity - As of September 30, 2022, the group's cash and cash equivalents were approximately HKD 17.5 million, down from HKD 18.9 million in 2021[51] - The current ratio was approximately 3.2 times as of September 30, 2022, compared to 3.9 times in 2021[51] - The debt-to-equity ratio increased to approximately 48.0% in 2022 from 31.8% in 2021[51] - The group pledged approximately HKD 14.3 million of listed stocks for loans as of September 30, 2022, down from HKD 21.2 million in 2021[56] - The total value of the equity investment portfolio was approximately HKD 14.3 million as of September 30, 2022, compared to HKD 21.2 million in 2021[62] Corporate Governance - The board is committed to maintaining high corporate governance standards and has complied with all provisions of the GEM Listing Rules throughout the year[93] - The board consists of five executive directors and three independent non-executive directors, ensuring a balanced composition[96] - The company has adopted a dividend policy that requires maintaining sufficient reserves to meet current and future operational and capital requirements[102] - The nomination committee has been established to review the board's structure and composition, ensuring diversity and independence among directors[103] - The company has achieved most measurable targets under its board diversity policy during the year[104] - The Nomination Committee held one meeting during the fiscal year ending September 30, 2022, to consider the re-election of directors and to review the board's structure and composition[107] - The Remuneration Committee, consisting of three members, reviewed the company's remuneration policy and the compensation of executive directors and senior management during one meeting in the fiscal year ending September 30, 2022[112] - The Audit Committee conducted four meetings in the fiscal year ending September 30, 2022, to discuss the reappointment of external auditors and to review the financial statements for the year ended September 30, 2021, and the unaudited financial statements for the three, six, and nine months ending December 31, 2021, March 31, 2022, and June 30, 2022, respectively[115] Risk Management - The company faces significant risks including reliance on key authorized personnel, potential client withdrawals, defaults, and adverse economic conditions affecting financial service transactions[90] - The group has established a risk management system to balance client interests with the safety and soundness of the group[139] - The audit committee reviewed the risk management and internal control systems for the year ended September 30, 2022, and found them sufficient and effective in financial, operational, and compliance controls[143] - The company has not identified any significant control deficiencies based on the risk management and internal control review conducted during the year[144] Employee and Training - Employee benefit expenses for the year ended September 30, 2022, were approximately HKD 8.0 million, a decrease of about HKD 2.5 million from HKD 10.5 million in the previous year[42] - The group employed 13 staff members as of September 30, 2022, down from 16 in 2021[89] - The company views employees as a valuable asset and adheres to labor laws, providing good benefits and ongoing professional training[194] - The company secretary has completed over 15 hours of relevant professional training to update skills and knowledge as required by GEM listing rules[150] Shareholder Communication - The board has established a shareholder communication policy to maintain ongoing dialogue with shareholders and investor groups, ensuring timely access to publicly available information[145] - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting within two months of submission[148] Donations and Social Responsibility - The group made donations totaling approximately HKD 0.3 million during the year, down from HKD 0.5 million in 2021[185] Miscellaneous - The company did not recommend the declaration of a final dividend for the year ended September 30, 2022[50] - The group did not have any significant capital commitments or contingent liabilities as of September 30, 2022[59] - The group did not have any specific major investment or capital asset plans as of September 30, 2022[57] - The company has not purchased, sold, or redeemed any of its listed shares during the year[131] - The group reported no issuance of debt securities for the year ended September 30, 2022[184] - The financial performance and position of the group as of September 30, 2022, are detailed in the consolidated financial statements on pages 69 to 71[173] - The group’s reserves underwent changes as detailed in the consolidated statement of changes in equity on page 72[178] - The company has complied with all relevant laws and regulations with no significant violations reported for the fiscal year ending September 30, 2022[193] - The board is responsible for the group's environmental, social, and governance (ESG) strategy and reporting, ensuring compliance with ESG risk management and internal control systems[192] - The remuneration policy for executive directors is based on skills, knowledge, performance, and market conditions[127] - The company has delegated its internal audit function to an independent external verification provider[140] - The board regularly reminds management of the GEM listing rules regarding the handling and disclosure of inside information[140] - The external auditor's fee for audit services provided to the group for the year ended September 30, 2022, was HKD 250,000[124] - The board confirmed its responsibility for preparing the consolidated financial statements for the year ended September 30, 2022, ensuring they reflect the group's financial position fairly and accurately[125] - The group maintained a public float of at least 25% of its total issued shares as required by GEM listing rules[128] - The company has a diverse board with members holding various professional qualifications and extensive experience in finance and corporate governance[159] - The total distributable reserves as of September 30, 2022, amounted to approximately HKD 12.6 million, a decrease from HKD 21.9 million in 2021[179] - The top five customers contributed approximately 65.0% of total revenue for the year ended September 30, 2022, compared to 56.3% in 2021[186] - The largest customer accounted for about 19.4% of total revenue in the year ended September 30, 2022, up from 18.3% in 2021[186] - The company adopted a share option scheme in February 2018, but no options have been granted under the scheme since its adoption[200]

Financial Performance - Total revenue for the nine months ended June 30, 2022, was HKD 5,441,000, an increase of 19.1% compared to HKD 4,566,000 for the same period in 2021[10] - The company reported a net loss attributable to equity shareholders of HKD 6,331,000 for the nine months ended June 30, 2022, compared to a loss of HKD 4,883,000 for the same period in 2021, representing a 29.6% increase in losses[10] - Revenue from financial advisory services was HKD 4,521,000 for the nine months ended June 30, 2022, up 16.7% from HKD 3,873,000 in the same period of 2021[19] - The company incurred total operating expenses of HKD 6,251,000 for the nine months ended June 30, 2022, a decrease of 26.9% from HKD 8,562,000 in the previous year[10] - The basic and diluted loss per share for the nine months ended June 30, 2022, was HKD 0.63, compared to HKD 0.49 for the same period in 2021, indicating a worsening in per-share performance[10] - Other income for the nine months ended June 30, 2022, was HKD 193,000, down 67.5% from HKD 594,000 in the same period of 2021[10] - The company’s total comprehensive loss for the nine months ended June 30, 2022, was HKD 6,331,000, compared to a total comprehensive loss of HKD 4,883,000 for the same period in 2021[12] - The company reported a pre-tax loss of HKD 2,500,000 for the three months ended June 30, 2022, compared to a profit of HKD 2,440,000 for the same period in 2021[28] - The company's total revenue from corporate finance advisory services increased by approximately 12.6% for the nine months ended June 30, 2022, compared to the previous year[35] - The company recorded a loss of HKD 3,348,000 from financial assets measured at fair value through profit or loss for the nine months ended June 30, 2022[21] - The group incurred a net loss of approximately HKD 6.3 million for the nine months ended June 30, 2022, compared to a net loss of approximately HKD 4.9 million in the previous year[47] Equity and Dividends - The company’s total equity as of June 30, 2022, was HKD 25,563,000, a decrease from HKD 31,894,000 as of October 1, 2021[12] - The company did not declare any dividends for the nine months ended June 30, 2022, consistent with the previous year[26] - No dividends were declared for the nine months ended June 30, 2022, consistent with the previous year[52] Operating Environment - The company experienced significant delays and cancellations of major transactions due to the tightening measures in Hong Kong and lockdowns in China, impacting business opportunities[34] - The company faced challenges in its business environment due to the ongoing COVID-19 pandemic and geopolitical tensions, leading to a cautious outlook for future operations[34] Employee and Operating Expenses - Employee benefit expenses were approximately HKD 6.3 million, a decrease of about HKD 2.3 million from HKD 8.6 million for the nine months ended June 30, 2021[45] - Other operating expenses for the nine months ended June 30, 2022, were approximately HKD 1.5 million, down from HKD 2.2 million in the same period last year[46] Investment and Future Plans - The total return from the securities market investments since the initial investment date in March 2020 until June 30, 2022, was approximately HKD 3.4 million, with a return rate of about 28.3%[37] - The group expects to establish an equity investment fund with a target size between HKD 100 million and HKD 150 million, which could generate significant management fee income if successfully launched[38] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ending June 30, 2022, with some deviations explained[54] - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[72] - The audit committee has reviewed the unaudited consolidated results for the nine months ending June 30, 2022[75] Shareholding and Securities - As of June 30, 2022, Ms. Xie and Mr. Lin each hold 750,000,000 shares, representing 75% of the total shares of the company[62][63] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[69] - The stock option plan, effective from February 26, 2018, remains valid for ten years, allowing the company to grant options to specified participants[70] - No stock options have been granted, exercised, canceled, or lapsed under the stock option plan as of the end of the reporting period[71] - The company has not disclosed any interests or short positions in shares or debentures that require notification under the Securities and Futures Ordinance as of June 30, 2022[66]

Financial Performance - Revenue for the six months ended March 31, 2022, was HKD 4,369,000, compared to HKD 1,970,000 for the same period in 2021, representing a 121% increase[17]. - The net loss before tax for the six months ended March 31, 2022, was HKD 3,831,000, a reduction from a loss of HKD 7,323,000 in the same period of 2021, indicating a 48% improvement[17]. - The company reported a basic and diluted loss per share of HKD 0.38 for the six months ended March 31, 2022, compared to HKD 0.73 for the same period in 2021, indicating a 48% improvement[17]. - For the six months ended March 31, 2022, the company reported a loss attributable to equity shareholders of HKD 3,831,000, compared to a loss of HKD 7,323,000 for the same period in 2021, representing a 47.7% improvement in losses year-over-year[52]. - The net loss for the six months ended March 31, 2022, was approximately HKD 3.8 million, a decrease from HKD 7.3 million in 2021, attributed to increased revenue and reduced employee benefit expenses[88]. Assets and Liabilities - Total assets as of March 31, 2022, were HKD 37,125,000, down from HKD 41,836,000 as of September 30, 2021, reflecting a decrease of 11.5%[20]. - The total equity as of March 31, 2022, was HKD 28,063,000, down from HKD 31,894,000 as of September 30, 2021, representing a decrease of 12.2%[23]. - The company’s non-current assets decreased to HKD 302,000 from HKD 1,036,000, a decline of 70.9%[20]. - The company’s cash and cash equivalents decreased to HKD 14,700,000 from HKD 18,904,000, a decline of 22%[20]. - The company had cash and cash equivalents of HKD 14,700,000 as of March 31, 2022, down from HKD 18,904,000 as of September 30, 2021, indicating a decrease of 22.4%[61]. Revenue Sources - Major clients contributing over 10% of total revenue included Client A with HKD 1,050,000, Client B with HKD 820,000, and Client C with HKD 710,000 for the six months ended March 31, 2022[46]. - The company's corporate finance advisory services revenue increased by approximately 106.5% for the six months ended March 31, 2022, compared to the same period last year[75]. - The asset management advisory services generated revenue of HKD 0.3 million for the three months ended March 31, 2022[77]. Expenses and Cost Management - Employee benefit expenses for the six months ended March 31, 2022, were HKD 4,438,000, a reduction from HKD 6,507,000 in the same period of 2021, showing a 31.8% decrease[17]. - The financial costs for the six months ended March 31, 2022, were HKD 40,000, down from HKD 71,000 in the same period of 2021, indicating a 43.7% reduction[17]. - The company paid no dividends during the six months ended March 31, 2022, compared to HKD (4,000) thousand paid in the same period of 2021[35]. - The company did not declare any dividends for the six months ended March 31, 2022, consistent with the previous year[50]. Investment and Market Performance - The total return from the company's equity investment fund since its initial investment date in March 2020 was approximately HKD 4.4 million, representing a return rate of about 36.7%[77]. - The Hang Seng Index declined by approximately 15.8% from February 28, 2020, to March 31, 2022, while the company outperformed the market with a return of 36.7%[78]. - The company is in the process of establishing an equity investment fund with a target size between HKD 100 million and HKD 150 million, which is expected to generate significant management fee income[78]. - The group plans to continue cautious investment decisions in securities trading due to anticipated market volatility stemming from global events[104]. Challenges and Future Outlook - The ongoing COVID-19 pandemic and geopolitical uncertainties have negatively impacted the company's performance, but management believes this is temporary[80]. - Future performance will depend on the recovery speed from the pandemic and the successful implementation of the company's business plans and strategies[80]. - The company has faced delays in several significant transactions due to tightening measures in Hong Kong and lockdowns in mainland China[74]. - The company is actively maintaining communication with clients and adjusting its business strategies to improve performance in a competitive environment[75]. Governance and Compliance - The board confirmed compliance with the corporate governance code during the reporting period, with some deviations explained[108]. - The audit committee, composed of three independent non-executive directors, is responsible for reviewing the group's annual, semi-annual, and quarterly reports, as well as overseeing risk management and internal control systems[123]. - The audit committee reviewed the unaudited consolidated performance of the group for the six months ending March 31, 2022[124].