Financial Performance - The company's revenue for the fiscal year 2025 was approximately HKD 46.8 million, a decrease of about 14.8% from HKD 54.9 million in fiscal year 2024[15]. - The net profit after tax for fiscal year 2025 was HKD 0.1 million, down from HKD 1.9 million in fiscal year 2024[9]. - The decline in revenue was primarily attributed to a decrease in trading volume in both over-the-counter and Hong Kong Stock Exchange transactions[16]. - Total revenue for the fiscal year 2025 was approximately HKD 46,824,000, a decrease of about 14.7% compared to HKD 54,866,000 in fiscal year 2024[17]. - Other income increased from HKD 1.4 million in fiscal year 2024 to approximately HKD 1.7 million in fiscal year 2025, representing a growth of about 21.4%[18]. - Profit for the fiscal year 2025 was approximately HKD 132,000, down from HKD 1.9 million in fiscal year 2024, primarily due to the decrease in revenue[22]. Cost Management - Employee costs decreased from approximately HKD 35.2 million in fiscal year 2024 to about HKD 30.4 million in fiscal year 2025, a reduction of approximately 13.6%[19]. - Operating expenses fell from approximately HKD 17.4 million in fiscal year 2024 to about HKD 16.3 million in fiscal year 2025, a decline of approximately 6.3%[20]. - The company aims to control costs while enhancing the necessary technology to provide tailored services to clients[10]. Market Position and Strategy - The company maintained its position as the most active broker in equity derivatives trading for the year 2024, as recognized by the Hong Kong Stock Exchange[10]. - The company has been actively working to increase its market share in Hong Kong despite the challenging market conditions[10]. - The company is focused on expanding its product portfolio and establishing strategic partnerships to drive growth and create value for customers and shareholders[10]. - The company’s business model has shown resilience and adaptability in a complex global economic landscape[9]. Management and Governance - The company has a strong management team with extensive experience in financial markets and risk management[45]. - Liu Mingyang is responsible for overseeing the overall strategy development and financial performance of the group[40]. - Cai Wenhao manages the daily operations and compliance matters of the group[43]. - Wu Yuhui is focused on expanding client accounts in Asia and Europe[45]. - The company has appointed a new non-executive director, Pang Xinyi, who has over 20 years of management experience[48]. - The management team is committed to enhancing operational efficiency and long-term sustainable development[48]. Corporate Governance - The company has adhered to the corporate governance code principles for the fiscal year 2025[65]. - The board of directors is responsible for leading, controlling, and managing the company, ensuring effective operations and growth[66]. - The board composition includes executive directors and independent non-executive directors, ensuring compliance with GEM listing rules[68]. - The company has established mechanisms to ensure independent opinions and advice are available to the board[69]. - The board held a total of 7 meetings in the fiscal year 2025, with all executive directors attending all meetings[78]. - The company has established a higher standard of written guidelines for employees who may possess insider information regarding the company's securities[83]. Risk Management - The board is responsible for risk management and internal control systems, which are reviewed annually for effectiveness[101]. - No significant internal control deficiencies were reported in FY2025, indicating a robust internal control environment[102]. - The company emphasizes effective communication with shareholders and has a policy in place to ensure shareholder concerns are addressed[107]. Environmental, Social, and Governance (ESG) - The ESG report outlines the company's policies and performance in sustainable development and corporate social responsibility for the period from April 1, 2024, to March 31, 2025[114]. - The board is directly responsible for overseeing ESG-related issues and has set multiple ESG performance goals and indicators to be reviewed annually[124]. - The company aims to reduce greenhouse gas emissions and waste generation while improving resource efficiency[129]. - Total hazardous waste generated in FY2025 was 348 grams, with a per-employee hazardous waste generation of 12.89 grams[132]. - The company has set long-term goals for greenhouse gas reduction, waste management, energy conservation, and water resource management[129]. Employee Management - The employee turnover rate for the fiscal year 2025 is 7%, slightly improved from 8% in fiscal year 2024[147]. - The workforce consists of 27 employees, with a gender distribution of 37% female and 63% male[147]. - The company has not recorded any work-related fatalities or lost workdays due to injuries in the past three years, emphasizing its commitment to employee health and safety[154]. Compliance and Legal - The company has complied with all relevant laws and regulations that significantly impact its operations during the fiscal year[169]. - The company has established a data security protocol to protect customer privacy, ensuring compliance with the Personal Data (Privacy) Ordinance and providing privacy training for employees[156]. - The company has implemented a supplier evaluation mechanism to assess various aspects of suppliers, including timely delivery and product quality[161]. Shareholder Relations - The company will hold its annual general meeting on September 5, 2025, with a record date for shareholders set for September 5, 2025[174]. - Shareholders have the right to propose resolutions at the annual general meeting, with voting results published on the company's website and the stock exchange[109].

Financial Performance - For the fiscal year ending March 31, 2025, the group's revenue was approximately HKD 46.8 million, a decrease of 14.8% compared to HKD 54.9 million in the fiscal year 2024[16]. - The net profit after tax for the fiscal year 2025 was HKD 0.1 million, down from HKD 1.9 million in the fiscal year 2024[16]. - The company noted a decrease in market activity, which negatively impacted financial performance during the fiscal year 2025[16]. - Revenue from the Hong Kong Stock Exchange accounted for 91.4% of total revenue in fiscal year 2025, amounting to HKD 42.8 million, down from HKD 50.2 million in fiscal year 2024[24]. - Other income increased to approximately HKD 1.7 million in fiscal year 2025, representing a growth of about 21.4% from HKD 1.4 million in fiscal year 2024, primarily due to increased bank interest income[25]. - The company recorded a profit of approximately HKD 132,000 in fiscal year 2025, a significant decrease from HKD 1.9 million in fiscal year 2024, primarily due to the decline in revenue[29]. - The company has not made any changes to its charter documents during the fiscal year 2025[118]. - The company has outlined its financial performance and key indicators in the annual report, specifically in sections 51 to 92[177]. Operational Challenges - The challenging financial environment was attributed to geopolitical tensions, trade wars, sanctions, and regulatory penalties, leading to increased operational risks and costs[16]. - The firm highlighted a decline in liquidity levels and widening bid-ask spreads due to risk-averse behavior among institutional investors and hedge funds[16]. - The company emphasized the resilience and adaptability of its brokerage business despite the complex global economic landscape[16]. Employee and Governance - The group has a total of 27 employees as of March 31, 2025, with compensation policies based on performance and market benchmarks[45]. - The company has a strong focus on corporate governance and operational efficiency, as indicated by the diverse backgrounds of its board members[55][57][61][64]. - The board composition includes both executive and independent non-executive directors, ensuring compliance with GEM listing rules regarding board diversity[75]. - The company has a dedicated compliance officer to oversee regulatory activities and ensure adherence to relevant laws[70]. - The company has implemented a comprehensive training program for employees, requiring licensed representatives to complete at least 5 to 6 hours of continuous professional training annually[155]. Risk Management and Internal Controls - The company has a structured approach to risk management and internal controls, which is regularly reviewed by the board[73]. - The board is responsible for the effectiveness of the risk management and internal control systems, which are designed to manage risks rather than eliminate them[108]. - The company has engaged an external professional firm to provide independent reviews of the risk management and internal control systems, with no significant deficiencies reported in fiscal year 2025[109]. - The board, with the support of the audit committee, reviewed the risk management and internal control systems and deemed them effective and sufficient in fiscal year 2025[110]. Environmental, Social, and Governance (ESG) Initiatives - The board is directly responsible for overseeing ESG-related issues, including setting and reviewing ESG goals and strategies[131]. - The company has set multiple ESG performance targets and indicators, which will be reviewed annually to enhance overall ESG performance[131]. - The total energy consumption for the fiscal year 2025 was 57 MWh, a decrease from 59 MWh in fiscal year 2024, with per employee energy consumption at 2.13 MWh[142]. - The company has set long-term goals for greenhouse gas reduction, waste management, energy conservation, and water resource management to support Hong Kong's Climate Action Blueprint 2050[136]. - Total greenhouse gas emissions for the fiscal year 2025 were 39.12 tons of CO2 equivalent, a decrease of 5.04% from 41.20 tons in fiscal year 2024[151]. Shareholder Communication and Meetings - The annual report will be available for shareholders and can be accessed on the company's website and the Hong Kong Stock Exchange website[4]. - The company will suspend shareholder registration from September 2 to September 5, 2025, to determine voting rights for the annual general meeting[6]. - The company emphasizes effective communication with shareholders to enhance investor relations and ensure transparency in disclosing company information[114]. - The company has established a shareholder communication policy that is regularly reviewed for effectiveness, ensuring shareholder concerns are addressed[114]. Corporate Structure and Compliance - The company operates as an investment holding company, primarily providing brokerage services for professional investors in derivative instruments[174]. - The company has undergone a corporate restructuring to become an investment holding company, with shares listed on GEM since August 27, 2018[173]. - The company has established a non-competition agreement with its controlling shareholders, effective from the listing date until the end of the restricted period[199]. - The company is not aware of any issues regarding compliance with the non-competition agreement for the fiscal year 2025[200].

Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 26,725,000, a decrease of 12.9% from HKD 30,721,000 in the same period last year[9] - Profit before tax decreased to HKD 1,044,000, down 54.9% from HKD 2,271,000 year-on-year[9] - Net profit attributable to owners for the period was HKD 931,000, a decline of 54.1% compared to HKD 2,029,000 in the previous year[9] - Basic and diluted earnings per share were HKD 0.12, down from HKD 0.25[8] - The net profit for the six months ended September 30, 2024, is HKD 931,000, compared to HKD 2,029,000 for the same period in 2023, indicating a decline of about 54%[11] - The total comprehensive income for the six months ended September 30, 2024, is HKD 931,000, a significant decrease from HKD 2,029,000 in the same period of 2023[11] - The operating profit before tax for the six months ended September 30, 2024, is HKD 1,044,000, compared to HKD 2,271,000 in 2023, reflecting a decline of about 54%[13] - Profit before tax for the six months ended September 30, 2024, was HKD 113,000, down from HKD 242,000 in 2023, indicating a decline of 53%[24] - The company recorded a profit of approximately HKD 1.0 million for the six months ended September 30, 2024, down from HKD 2.0 million in the same period of 2023[51] Assets and Liabilities - Non-current assets decreased to HKD 1,829,000 from HKD 2,563,000, a reduction of 28.6%[10] - Current assets slightly increased to HKD 89,488,000 from HKD 89,235,000, reflecting a marginal growth of 0.3%[10] - Current liabilities decreased to HKD 4,818,000 from HKD 6,230,000, a decline of 22.6%[10] - Total equity increased to HKD 86,499,000 from HKD 85,568,000, an increase of 1.1%[10] - The total equity as of September 30, 2024, is HKD 86,499,000, an increase from HKD 85,742,000 as of September 30, 2023, reflecting a growth of approximately 0.9%[11] - The total trade receivables as of September 30, 2024, amounted to HKD 10,075,000, down from HKD 11,213,000 as of March 31, 2024, a decrease of 10%[31] - The total lease liabilities as of September 30, 2024, were HKD 685,000, significantly reduced from HKD 1,488,000 as of March 31, 2024, a decrease of 54%[29] - The expected credit loss provision for trade receivables decreased from HKD 14,000 as of March 31, 2024, to HKD 12,000 as of September 30, 2024, a reduction of 14%[35] Cash Flow and Operating Activities - The net cash generated from operating activities for the six months ended September 30, 2024, is HKD 2,661,000, compared to HKD 5,929,000 in 2023, showing a decline of about 55%[13] - Cash and cash equivalents at the end of the period on September 30, 2024, amount to HKD 60,086,000, slightly down from HKD 60,210,000 as of September 30, 2023[13] - Cash and bank balances were approximately HKD 60.1 million as of September 30, 2024, compared to HKD 57.6 million on March 31, 2024, providing sufficient resources for operational needs[53] - The company has no interest-bearing debt as of September 30, 2024, indicating a capital debt ratio that is not applicable[53] Revenue Sources - Revenue from customer contracts under HKFRS 15 for the six months ended September 30, 2024, is HKD 26,725,000, down from HKD 30,721,000 in 2023, representing a decrease of approximately 13%[19] - Revenue from the Hong Kong Stock Exchange was HKD 24.1 million, accounting for 90.2% of total revenue, down from HKD 28.3 million or 92.1% in the previous year[47] - Major customer A contributed HKD 3,975,000 in revenue for the six months ended September 30, 2024, down from HKD 5,733,000 in 2023, a decrease of approximately 30%[21] Expenses and Cost Management - Employee costs decreased from approximately HKD 19.4 million to HKD 17.3 million, a reduction of about 10.8%, primarily due to a decline in bonuses corresponding to the decrease in revenue[48] - Other operating expenses fell from approximately HKD 8.7 million to HKD 8.2 million, a decrease of about 5.7%, attributed to reductions in settlement, error, and marketing expenses[50] - The decrease in settlement expenses was approximately HKD 0.3 million or 10.3%, aligning with the overall revenue decline[50] - The company reported a decrease in operational costs by J%, improving overall profitability margins[80] Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per GEM listing rules during the six months ending September 30, 2024[74] - The major shareholder, Oasis Green Ventures Limited, holds approximately 34.75% of the company's shares[70] - The board decided not to declare an interim dividend for the six months ended September 30, 2024[67] - No dividends were declared or proposed for the six months ended September 30, 2024, consistent with the same period in 2023[25] Future Outlook and Strategic Initiatives - The company continues to focus on enhancing operational efficiency and exploring new market opportunities[6] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[80] - Market expansion efforts are underway, targeting F new regions, which are expected to increase market share by G%[81] - A new marketing strategy has been implemented, aiming to increase brand awareness and customer engagement by I%[81] - Future guidance indicates a commitment to sustainable practices, with plans to reduce carbon emissions by K% over the next five years[81]

Financial Performance - For the six months ended September 30, 2024, the total revenue and other income amounted to HKD 27,361,000, a decrease of 12.5% compared to HKD 31,218,000 for the same period in 2023[4] - The profit attributable to the owners of the company for the period was HKD 931,000, down 54.1% from HKD 2,029,000 in the previous year[4] - Basic and diluted earnings per share were HKD 0.12, a decrease of 52% from HKD 0.25 in the same period last year[4] - Revenue for the six months ended September 30, 2024, was HKD 26,725,000, a decrease of 12.9% compared to HKD 30,721,000 for the same period in 2023[14] - The company reported a net profit before tax of approximately HKD 931,000 for the six months ended September 30, 2024, compared to HKD 2,029,000 for the same period in 2023[21] - The group recorded a profit of approximately HKD 1.0 million for the six months ended September 30, 2024, compared to HKD 2.0 million for the same period in 2023, reflecting a significant decline due to reduced revenue[48] Assets and Liabilities - The total assets as of September 30, 2024, were HKD 171,169,000, compared to HKD 171,573,000 as of March 31, 2024[5] - The company reported a decrease in trade receivables to HKD 10,063,000 from HKD 11,199,000 as of March 31, 2024[5] - Non-current assets decreased to HKD 1,829,000 from HKD 2,563,000 as of March 31, 2024[5] - The total lease liabilities as of September 30, 2024, amounted to approximately HKD 685,000, a decrease from HKD 1,488,000 as of March 31, 2024[24] - As of September 30, 2024, the current ratio was approximately 18.6 times, up from 14.3 times as of March 31, 2024, indicating strong financial stability[50] Cash Flow - Cash and cash equivalents increased to HKD 60,086,000 from HKD 57,639,000 at the beginning of the period[8] - The net cash generated from operating activities was HKD 2,661,000, a decrease of 55.1% compared to HKD 5,929,000 in the previous year[8] - Cash and bank balances as of September 30, 2024, were approximately HKD 60.1 million, an increase from HKD 57.6 million as of March 31, 2024, demonstrating sufficient resources for operational needs[50] Share Capital and Dividends - The company did not declare or propose any dividends for the six months ended September 30, 2024, consistent with the same period in 2023[20] - The total issued and paid-up share capital as of September 30, 2024, is HKD 8,000,000, with 800,000,000 shares issued[32] - The company has not issued any stock options under the share option plan since its adoption on July 30, 2018, and there are no outstanding options as of September 30, 2024[34] - The share award plan, adopted on April 4, 2019, aims to recognize and reward contributions to the group's growth, with a maximum of 15% of the issued share capital available for awards[35] - The company granted a total of 88,000,000 shares under the share incentive plan, with a total value of HKD 5,984,000[37] Employee Costs and Expenses - Employee costs decreased from approximately HKD 19.4 million to HKD 17.3 million, a reduction of about 10.8%, primarily due to a decline in bonuses corresponding to reduced revenue[44] - Other operating expenses decreased from approximately HKD 8.7 million for the six months ended September 30, 2023, to approximately HKD 8.2 million for the six months ended September 30, 2024, a decline of about 5.7%[46] - Settlement expenses for the six months ended September 30, 2024, were approximately HKD 2.6 million, down from approximately HKD 2.9 million in the same period of 2023, a decrease of 10.3%[46] Credit and Receivables - The aging analysis of trade receivables shows that HKD 4,423,000 (43.9%) is within 30 days, while HKD 2,429,000 (24.1%) is overdue by more than 120 days[29] - The expected credit loss provision for trade receivables decreased from HKD 14,000 as of March 31, 2024, to HKD 12,000 as of September 30, 2024, indicating a reduction of approximately 14.3%[31] - The average credit period extended to customers is 30 days, with credit limits determined based on the credit quality of potential clients[28] - The expected loss rates for trade receivables are 0.01% for current receivables and increase to 0.37% for receivables overdue by more than 90 days[30] - The company has a credit loss provision methodology that considers historical default records and current financial conditions of debtors[30] Corporate Governance - The board believes the company has complied with the corporate governance code during the six months ending September 30, 2024[70] - The company has maintained a high level of corporate governance, which is deemed essential for sustainable growth[70] - The audit committee, established on July 30, 2018, consists of three independent non-executive directors and is responsible for reviewing financial information and risk management systems[75] Business Operations - The company’s main business involves providing brokerage services for derivative instruments, with all revenue generated from commission income[41] - The company has established arrangements with several executing brokers to provide derivative services for listed derivatives on the Singapore Exchange[42] - The company has not made any significant changes to its business and future development since the publication of its annual report for the year ended March 31, 2024[42] - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2024[56] Shareholder Information - As of September 30, 2024, major shareholders include Oasis Green Ventures Limited with 278,000,000 shares, representing 34.75% of the company's equity[64] - The total number of shares held by directors and senior management amounts to 68,000,000, which is approximately 8.50% of the company's equity[62] - The beneficial ownership of shares by major shareholders includes 96,000,000 shares held by Jolly Ocean Global Limited, representing 12.00% of the company's equity[64] - The total shares held by the spouse of a major shareholder amount to 16,000,000, representing 2.00% of the company's equity[64] Compliance and Regulations - The company has adopted the trading standards as per GEM Listing Rules 5.48 to 5.67, confirming compliance with no irregularities reported by all directors for the six months ending September 30, 2024[71] - The stock option plan, adopted on July 30, 2018, allows for the issuance of up to 80,000,000 shares, representing 10% of the total issued share capital as of the announcement date, with approximately 4 years remaining in its validity[72] - As of the announcement date, no further awards can be granted under the share award plan, which expired on April 3, 2024, while the stock option plan can still authorize up to 120,000,000 shares, representing 15% of the total issued shares[74]

Financial Performance - The company's revenue for the fiscal year 2024 was approximately HKD 54.9 million, a decrease of about 3.5% from HKD 56.9 million in fiscal year 2023[14]. - The revenue breakdown shows that HKD 50.175 million (91.4%) came from the Hong Kong Stock Exchange, while HKD 4.206 million (7.7%) was from over-the-counter transactions[16]. - Other income increased from HKD 692,000 in fiscal year 2023 to approximately HKD 1.4 million in fiscal year 2024, representing a growth of about 102.3% due to increased bank interest income[18]. - The decrease in revenue was primarily attributed to a reduction in trading volume in both over-the-counter and Hong Kong Stock Exchange transactions[15]. - The group recorded a profit of approximately HKD 1.9 million in FY2024, down from HKD 3.9 million in FY2023, primarily due to decreased revenue and increased depreciation and operating expenses[23]. - Cash and bank balances were approximately HKD 57.6 million as of March 31, 2024, compared to HKD 54.6 million as of March 31, 2023[25]. - The current ratio improved to approximately 14.3 times as of March 31, 2024, compared to 10.1 times as of March 31, 2023, indicating strong financial health[25]. Cost Management - Employee costs decreased from approximately HKD 36.5 million in FY2023 to about HKD 35.2 million in FY2024, a reduction of approximately 3.6%[19]. - Depreciation increased from approximately HKD 126,000 in FY2023 to HKD 1.5 million in FY2024, an increase of approximately 1,090.5%[20]. - Other operating expenses rose from approximately HKD 17.2 million in FY2023 to about HKD 17.4 million in FY2024, an increase of approximately 1.2%[21]. - Marketing expenses increased to approximately HKD 1.9 million in FY2024, up from about HKD 1.4 million in FY2023, representing a rise of approximately 35.7%[21]. Strategic Initiatives - The company aims to expand its product portfolio and establish strategic partnerships to drive growth and create value for customers and shareholders[9]. - The company is focused on cost control while enhancing the necessary technology to provide tailored services to clients[9]. - The company has expressed optimism about future business opportunities despite the challenging economic environment in Hong Kong[9]. - The company is actively expanding its market presence and client base in Asia and Europe, aiming to enhance its competitive edge in the derivatives market[49]. - The management team is focused on compliance and risk management, ensuring adherence to regulatory standards and internal controls[45]. Corporate Governance - The company has adhered to all principles outlined in the corporate governance code for the fiscal year 2024[75]. - The board consists of four executive directors and three independent non-executive directors, complying with GEM listing rules[78]. - The company’s board is responsible for leading, controlling, and managing the company, ensuring effective operations and growth[76]. - The board has a clear division of responsibilities between the chairman and the CEO to maintain balanced judgment[83]. - The company has established mechanisms to ensure independent opinions and advice are available to the board[79]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and corporate social responsibility, as outlined in its Environmental, Social, and Governance (ESG) report for the fiscal year 2023-2024[128]. - The total greenhouse gas emissions for the fiscal year 2024 were 41.20 tons of CO2 equivalent, a decrease of 10% from 45.73 tons in fiscal year 2023[144]. - The company has set multiple ESG performance goals and indicators, which will be reviewed annually to ensure alignment with overall ESG performance[142]. - The board of directors is directly responsible for overseeing ESG-related issues, including the establishment and review of ESG goals and strategies[138]. - The company has implemented policies to regulate waste management and the use of water, energy, and resources in its operations[143]. Employee Management - Employee count increased from 26 in FY2023 to 27 in FY2024, with a turnover rate reduced from 15% to 8%[157]. - Average training hours per employee were 3 hours for females (30% trained) and 6 hours for males (59% trained) in FY2024[158]. - The company maintains a competitive compensation structure, ensuring fair treatment based on skills and contributions, with annual performance evaluations conducted[159]. - All employees are required to follow strict health and safety policies, with regular safety checks conducted to ensure compliance[163]. Risk Management - The board is responsible for risk management and internal control systems, which are designed to manage risks rather than eliminate them[115]. - The company has established risk management procedures and guidelines, conducting annual self-assessments to ensure compliance with monitoring policies[116]. - No significant internal control deficiencies were reported in fiscal year 2024, indicating effective risk management practices[116]. Shareholder Communication - The company emphasizes effective communication with shareholders, ensuring transparency and timely disclosure of information to facilitate informed investment decisions[121]. - The company has a shareholder communication policy that is regularly reviewed for effectiveness, with measures in place to provide quality information on developments[121]. Dividend Policy - The company does not recommend the payment of any final dividend for the fiscal year 2024, consistent with the previous fiscal year 2023, which also had no dividend declared[182]. - The company maintains a dividend policy that requires sufficient cash reserves to meet operational needs and future business growth, with no predetermined payout ratio[183].

Financial Performance - The group's revenue for the fiscal year ending March 31, 2024, was approximately HKD 54.9 million, a decrease of 3.5% compared to HKD 56.9 million in the previous fiscal year[16]. - The after-tax profit for the fiscal year was approximately HKD 1.9 million, down from HKD 3.9 million in the previous fiscal year[16]. - Revenue for the fiscal year 2024 was approximately HKD 54.9 million, a decrease of about 3.5% from HKD 56.9 million in fiscal year 2023[21]. - The decline in revenue was primarily attributed to a decrease in trading volume in both over-the-counter and Hong Kong Stock Exchange transactions[22]. - The company recorded a profit of approximately HKD 1.9 million in fiscal year 2024, down from HKD 3.9 million in fiscal year 2023, primarily due to decreased revenue and increased operating expenses[30]. Revenue Breakdown - Revenue breakdown for fiscal year 2024 included HKD 50.175 million (91.4%) from Hong Kong Stock Exchange, HKD 4.206 million (7.7%) from over-the-counter transactions, and HKD 485,000 (0.9%) from Singapore Exchange[23]. - Other income increased from HKD 692,000 in fiscal year 2023 to approximately HKD 1.4 million in fiscal year 2024, representing a growth of about 102.3% due to increased bank interest income[25]. Cost Management - The company has focused on cost control while enhancing necessary technologies to provide tailored services to clients[16]. - Employee costs decreased from approximately HKD 36.5 million in fiscal year 2023 to about HKD 35.2 million in fiscal year 2024, a reduction of approximately 3.6%[26]. - Other operating expenses increased from approximately HKD 17.2 million in fiscal year 2023 to about HKD 17.4 million in fiscal year 2024, a rise of approximately 1.2%[28]. Financial Health - As of March 31, 2024, the current ratio was approximately 14.3, up from 10.1 in the previous year, indicating strong financial health[32]. - Cash and bank balances as of March 31, 2024, were approximately HKD 57.6 million, compared to HKD 54.6 million in the previous year, providing sufficient resources for operational needs[34]. - The company maintains a prudent financial policy regarding inventory management, ensuring a stable liquidity position throughout the fiscal year 2024[37]. Corporate Governance - The company is committed to maintaining high standards of governance and accountability through its independent directors and committees[60][66][70]. - The management team includes individuals with significant experience in finance, law, and corporate governance, enhancing the company's strategic direction[60][66][70]. - The company has implemented corporate governance principles in the fiscal year 2024, ensuring compliance with all relevant codes[82]. - The board of directors consists of four executive directors and three independent non-executive directors, meeting GEM listing rules requirements[85]. - The company emphasizes the importance of good corporate governance to maintain transparency and accountability[81]. Risk Management - The board acknowledges its responsibility for risk management and internal control systems, which are designed to manage risks rather than eliminate them, ensuring reasonable assurance against material misstatements or losses[122]. - The company has engaged an external professional firm to provide independent reviews of its risk management and internal control systems, with no significant control deficiencies identified in fiscal year 2024[123]. Employee Management - The company has a total of 27 employees as of March 31, 2024, an increase from 26 employees the previous year[47]. - Employee headcount increased from 26 in FY2023 to 27 in FY2024, with a turnover rate reduced from 15% to 8%[164]. - Average training hours per employee were 6 hours for males and 3 hours for females in FY2024, with 59% of males and 30% of females receiving training[165]. - The company provides competitive compensation and various benefits, including public holidays, annual leave, sick leave, maternity leave, and medical subsidies[168]. Environmental, Social, and Governance (ESG) - The ESG report outlines the company's policies and performance in sustainable development and corporate social responsibility for the period from April 1, 2023, to March 31, 2024[135]. - The total greenhouse gas emissions for the fiscal year 2024 were 41.20 tons of CO2 equivalent, a decrease of 9.0% from 45.73 tons in fiscal year 2023[151]. - The company has identified 10 key ESG-related issues, including environmental compliance and employee compensation and benefits[149]. - The company has set long-term goals to reduce greenhouse gas emissions and promote sustainable practices among employees[151]. Shareholder Communication - The company has established a shareholder communication policy to ensure effective communication with shareholders, which is regularly reviewed for effectiveness[128]. - The company will provide detailed answers to inquiries and requests during the annual general meeting, with board members and senior staff present to address shareholder questions[129]. - Shareholders holding at least 10% of the company's paid-up capital have the right to request a special general meeting within two months if the board does not convene within 21 days of the request[130].

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 30,721,000, representing a 35.5% increase compared to HKD 22,639,000 for the same period in 2022[11] - The net profit attributable to owners for the six months ended September 30, 2023, was HKD 2,029,000, a slight increase from HKD 1,985,000 in the same period last year, reflecting a 2.2% growth[11] - Basic and diluted earnings per share for the six months ended September 30, 2023, were HKD 0.25, unchanged from the previous year[11] - Total comprehensive income for the three months ended September 30, 2023, was HKD 1,553,000, compared to HKD 2,122,000 for the same period in 2022, indicating a decrease of 26.8%[11] - The company reported a profit of HKD 2,029 thousand for the six months ended September 30, 2023, compared to HKD 1,985 thousand for the same period in 2022, indicating a growth of approximately 2.2%[14] - The company reported a pre-tax profit of HKD 1,000,000 for the six months ended September 30, 2023, compared to HKD 800,000 in the same period of 2022, indicating a growth of 25%[29] Expenses and Costs - Employee costs for the six months ended September 30, 2023, increased to HKD 19,409,000 from HKD 13,419,000 in the previous year, marking a 44.7% rise[11] - The total operating expenses for the six months ended September 30, 2023, were HKD 8,739,000, compared to HKD 7,567,000 in the previous year, indicating a 15.4% increase[11] - Other operating expenses increased by approximately 14.5% to HKD 8.7 million from HKD 7.6 million, driven by higher settlement, error, and marketing expenses[60] - The company reported a financing cost of HKD 83,000 for the six months ended September 30, 2023, compared to HKD 68,000 in the previous year, which is a 22.1% increase[11] Assets and Liabilities - As of September 30, 2023, the company's total assets amounted to HKD 93,407 thousand, a decrease from HKD 94,024 thousand as of March 31, 2023, reflecting a decline of approximately 0.65%[13] - The company's cash and cash equivalents increased to HKD 60,210 thousand from HKD 54,624 thousand, representing an increase of about 10.3%[16] - The total equity increased to HKD 85,742 thousand as of September 30, 2023, up from HKD 83,713 thousand as of March 31, 2023, marking an increase of about 2.4%[13] - Trade receivables decreased to HKD 10,314 thousand from HKD 14,840 thousand, a reduction of approximately 30.5%[13] - The company’s current liabilities decreased to HKD 6,980 thousand from HKD 8,823 thousand, reflecting a decrease of about 20.9%[13] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 5,929 thousand, a significant improvement compared to a net cash used of HKD 1,100 thousand in the same period of 2022[16] - Cash and bank balances were approximately HKD 60.2 million as of September 30, 2023, compared to HKD 54.6 million as of March 31, 2023[64] Share and Equity Management - The company has not issued any shares under the share award scheme during the six months ended September 30, 2023, compared to 8,400,000 shares issued in the same period of 2022[14] - The company has a share option scheme in place since July 30, 2018, allowing for the granting of options not exceeding 10% of the issued shares at any time[43] - The total number of shares awarded under the share award plan is 88,000,000, with a total fair value of approximately HKD 5,984,000[50] - The company has no unvested award shares as of September 30, 2023, indicating effective management of the share award scheme[94] Corporate Governance - The company is committed to maintaining compliance with the GEM listing rules and ensuring the accuracy of its financial reporting[9] - The company has complied with the corporate governance code as of September 30, 2023, indicating a commitment to high standards of corporate governance[89] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2023[96] - All directors have confirmed compliance with the trading standards set out in the GEM Listing Rules for the six months ending September 30, 2023, with no irregularities reported[90] Market and Business Strategy - The company has not provided specific guidance for future performance but continues to focus on market expansion and new product development strategies[11] - The company focused on providing brokerage services, with all assets located in Hong Kong and all major revenues sourced from the same region[25] - Revenue from the Hong Kong Stock Exchange accounted for 92.1% of total revenue, amounting to HKD 28.3 million, up from 89.8% or HKD 20.3 million in the previous year[57] Employee and Management - The total remuneration for key management personnel for the six months ended September 30, 2023, was HKD 10,361,000, compared to HKD 7,057,000 for the same period in 2022, reflecting a 46.5% increase[54] - The total number of employees increased from 25 to 27 as of September 30, 2023[78] Other Information - The company did not recognize any government grants during the six months ended September 30, 2023, compared to HKD 454 thousand recognized in the same period of 2022[16] - The company received a government subsidy of HKD 454,000 under the "Employment Support" scheme for the six months ended September 30, 2022, which was not applicable in 2023[27] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2023[87] - The company believes that foreign exchange risk has a minimal impact on its operations[76]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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。 DLC Asia Limited 衍 匯 亞 洲 有 限 公 司* （於開曼群島註冊成立的有限公司） （股份代號 ：8210） 截至二零二三年九月三十日止六個月的 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。 本公告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 衍匯亞洲有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本公告的資料共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就其所深知 ...

Financial Performance - The company reported revenue of HKD 14,339,000 for the three months ended June 30, 2023, representing a 45.5% increase compared to HKD 9,855,000 in the same period of 2022[8]. - Total revenue and other income reached HKD 14,552,000, a 45.0% increase from HKD 10,023,000 in the previous year[8]. - For the three months ended June 30, 2023, the company's revenue was approximately HKD 14.3 million, an increase of about 44.4% compared to approximately HKD 9.9 million for the same period in 2022[23]. - Commission income from futures non-settlement brokerage for the three months ended June 30, 2023, was HKD 14,339,000, compared to HKD 9,855,000 for the same period in 2022[16]. - The company achieved a profit before tax of HKD 528,000, compared to a loss of HKD 137,000 in the same quarter of 2022[8]. - The net profit attributable to owners of the company was HKD 476,000, a significant recovery from a loss of HKD 137,000 in the prior year[8]. - The company recorded a pre-tax profit of approximately HKD 476,000 for the three months ended June 30, 2023, compared to a loss of approximately HKD 137,000 for the same period in 2022[20]. - The basic and diluted earnings per share were HKD 0.06, compared to a loss per share of HKD 0.02 in the same quarter of 2022[8]. Expenses - Employee costs increased to HKD 9,398,000, up 39.5% from HKD 6,736,000 in the previous year[8]. - Other operating expenses rose to HKD 4,211,000, an increase of 24.5% from HKD 3,380,000 year-on-year[8]. - Employee costs rose from approximately HKD 6.7 million to approximately HKD 9.4 million, an increase of about 40.3%, primarily due to bonuses linked to revenue growth[27]. - Other operating expenses increased from approximately HKD 3.4 million to approximately HKD 4.2 million, a rise of about 23.5%, driven by increases in settlement, error, and marketing expenses[29]. - Settlement expenses for the three months ended June 30, 2023, were approximately HKD 1.4 million, up 43.4% from approximately HKD 976,000 in the same period last year[29]. Equity and Shareholder Information - The company’s total equity as of June 30, 2023, was HKD 84,189,000, compared to HKD 79,797,000 a year earlier, reflecting a growth of 5.0%[10]. - As of June 30, 2023, Oasis Green Ventures Limited holds 278,000,000 shares, representing approximately 34.75% of the company's total issued shares[49]. - The total number of shares held by major shareholders, including related interests, amounts to 294,000,000 shares, which is approximately 36.75% of the company's total issued shares[49]. - The company has a stock option plan that allows for the issuance of up to 80,000,000 shares, which represents 10% of the total issued share capital as of the report date[56]. - The stock option plan has a remaining validity of approximately 5 years from the adoption date[56]. - The number of shares available for issuance under the share incentive plan is 120,000,000, representing 15% of the total issued share capital as of the report date[58]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the three months ending June 30, 2023[54]. - The company has maintained a high level of corporate governance, which is deemed essential for sustainable development and growth[54]. - The audit committee was established on July 30, 2018, and consists of three independent non-executive directors[59]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023[59]. - The company has confirmed that all directors have adhered to the trading standards set forth in the GEM listing rules during the reporting period[55]. - No directors or major shareholders have any competing business interests or conflicts of interest with the company's operations as of June 30, 2023[52]. Dividends and Future Plans - The company did not declare or propose any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[19]. - The company has not disclosed any new product developments or market expansion strategies in the current report[7]. - There have been no significant changes in the company's business and future development since the publication of the annual report for the year ended March 31, 2023[23]. - As of June 30, 2023, the company had no significant investments or capital asset plans[39]. Risk Management - The company reported no foreign exchange risk impact on its operations, primarily conducted in HKD and USD[42]. - The company maintained a stable liquidity position, monitoring cash flow daily to meet funding needs and regulatory requirements[34]. Other Information - The report will be available on the Stock Exchange's website for at least seven days from the date of publication[60]. - The executive directors include Liu Mingyang, Cai Wenhao, Wu Yuhui, and Shao Jinwen[60]. - The independent non-executive directors include Wen Xianfu, Ke Yanfeng, and Wu Binglin[60]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending June 30, 2023[53]. - No new shares have been granted under the stock option plan since its adoption[56]. - A total of 88,000,000 incentive shares have been granted under the share incentive plan, all of which have vested to the relevant participants[58]. - No incentive shares were granted, cancelled, lapsed, or vested during the three months ended June 30, 2023[58].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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。 DLC Asia Limited 衍 匯 亞 洲 有 限 公 司* （於開曼群島註冊成立的有限公司） （股份代號 ：8210） 截至二零二三年六月三十日止三個月的 第一季度業績公告 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。 本公告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關 衍匯亞洲有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本公告的資料共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就其所 ...