(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) （於開曼群島註冊成立並於百慕達存續之有限公司） 年 報 ANNUAL REPORT 2024 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED ("STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should m ...

Financial Performance - Revenue for the year ended December 31, 2024, was approximately HK$1.83 million, representing a decrease of approximately 71.18% from HK$6.35 million for the year ended December 31, 2023[28]. - The Group recorded a consolidated loss attributable to owners of approximately HK$85.99 million for the year ended 31 December 2024, a decrease from approximately HK$152.95 million for the year ended 31 December 2023, primarily due to a significant decrease in impairment on loans and interest receivables[71]. - The net interest margin for the year ended December 31, 2024, was approximately 3.74%, down from approximately 12.00% for the previous year[35]. - Unsecured loans' net interest margin decreased from approximately 13.78% in 2023 to approximately 5.90% in 2024[37]. - The Group's other income increased from approximately HK$30,000 for the year ended December 31, 2023, to approximately HK$3.91 million for the year ended December 31, 2024[40]. - The Group recorded other gains of approximately HK$0.87 million for the year ended December 31, 2024, compared to a loss of approximately HK$4.53 million for the year ended December 31, 2023[41]. Loan Activity and Management - The Group's loan balance decreased from approximately HK$96.59 million as of December 31, 2023, to approximately HK$12.29 million as of December 31, 2024, indicating a significant reduction in lending activity[18]. - The Company adopted a more cautious approach to granting new loans due to a deteriorating economic environment, leading to a decrease in interest income during the 2023 and 2024 fiscal years[19]. - The Company plans to focus on identifying high-quality individual customers for personal loans in 2025, implementing more stringent criteria for customer selection to mitigate default risks[21]. - The Group aims to focus resources on developing personal loans for quality individual clients by implementing stricter customer selection criteria[24]. - The Group will continue to monitor credit risk and modify credit assessments as necessary to manage loan receivables[29]. - The total expected credit loss (ECL) on loans receivables for 2024 was approximately (HK$7.03 million), compared to HK$137.07 million for 2023, indicating a significant improvement in credit quality[62]. Economic Environment and Strategy - The management is confident that the Group will navigate through the global economic recession and reach an economic recovery stage in the near future[20]. - The post-COVID recovery in Hong Kong was short-lived, impacting the Group's business and profitability negatively[19]. - The Company is implementing various budget control measures to manage expenses effectively[22]. - The Company plans to maintain adequate funding through various means to capture potential opportunities in the market[27]. Corporate Governance - The Company has complied with the GEM Listing Rules regarding the composition of the Board, which includes at least three independent non-executive Directors, representing at least one-third of the Board[116]. - The Board consists of two executive Directors and three independent non-executive Directors, with independent Directors representing more than one-third of the Board[123]. - The Company has adopted a code of conduct for securities transactions by Directors, with no incidents of non-compliance reported during the year[109]. - The Board is responsible for the strategic development of the company, aiming to maximize long-term shareholder value while balancing broader stakeholder interests[115]. - The Company has maintained sound corporate governance practices, applying principles from the Corporate Governance Code to ensure effective Board operations and transparency[106]. Compliance and Risk Management - The compliance committee was established in 2010 to ensure compliance with relevant laws and regulations, including the Money Lenders Ordinance and GEM Listing Rules[188]. - The compliance committee identified no material compliance issues during the review year and made several recommendations to the Board regarding internal control and corporate governance[196]. - The credit committee was formed in 2007 to manage credit risk and operations, approving and overseeing the Group's credit policy[186]. - The credit review committee conducts periodic reviews of loan cases based on credit risk reports[197]. Operational Efficiency - Administrative expenses decreased to approximately HK$4.85 million for the year ended December 31, 2024, compared to approximately HK$10.12 million for the year ended December 31, 2023[47]. - Other operating expenses decreased to approximately HK$3.72 million for the year ended December 31, 2024, compared to approximately HK$5.29 million for the year ended December 31, 2023, mainly due to reduced debt collection agency service fees[67]. - Finance costs for the year ended 31 December 2024 were approximately HK$0.09 million, a decrease from approximately HK$0.15 million for the year ended December 31, 2023[66]. Share Trading and Communication - Trading of the company's shares has been suspended since November 24, 2017, and will remain suspended until further notice[98]. - The company is actively communicating with the Securities and Futures Commission (SFC) to address concerns and expedite the resumption of trading, although a concrete timeline for resumption is not available at this stage[101].

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability) （於開曼群島註冊成立並於百慕達存續之有限公司） 2024 INTERIM REPORT 中期報告 945.10 and CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED ("STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之 內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 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之任何損失承擔任何責任。 （股份代號：8215） （於開曼群島註冊成立並於百慕達存續之有限公司） 截至二零二四年六月三十日止六個月 中期業績公告 第一信用金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司截至二零二四年六月三十日止六個月的未經審核業績。本公告 載有本公司截至二零二四年六月三十日止六個月中期報告（「二零二四年中期報告」） 的全文，符合聯交所GEM 證券上市規則（「GEM 上市規則」）有關附帶中期業績初 步公告的資料的相關規定。二零二四年中期報告將適時按本公司股東就收取公司 通訊已作出選擇的方式寄發予股東。 代表董事會 第一信用金融集團有限公司 執行董事兼行政總裁 何婉薇 香港，二零二四年八月二十六日 於本公告日期，董事會由執行董事何婉薇女士（行政總裁）、賴思妤女士及呂卓鋒 先生，以及獨立非執行董事馮錦文博士、李龍先生、王志維先生、黃健寧先生及黃 瑞洋先生組成。 本 ...

Financial Performance - The Group's revenue for the year ended December 31, 2023, was approximately HK$6.35 million, representing a decrease of approximately 87.46% from HK$50.69 million for the year ended December 31, 2022[30]. - The revenue from personal loans decreased significantly from HK$43.18 million in 2022 to HK$1.58 million in 2023[36]. - The Group recorded a consolidated loss attributable to owners of approximately HK$152.95 million for the year ended December 31, 2023, a decrease from HK$182.48 million in 2022[89]. - Other income decreased from approximately HK$0.72 million in 2022 to approximately HK$0.03 million in 2023, primarily due to the adjustment of long outstanding temporary receipts[48]. - The Group recorded other losses of approximately HK$4.53 million in 2023, a decrease from approximately HK$29.54 million in 2022, mainly due to a reduction in fair value loss on financial assets[49]. Loan Portfolio and Risk Management - The average loan balance decreased from approximately HK$611.73 million as of December 31, 2022, to approximately HK$595.00 million as of December 31, 2023[21]. - The Group is focused on conducting money lending business by providing both secured and unsecured loans to individuals, corporations, and foreign domestic workers[21]. - The Group aims to maintain its loan portfolio while closely monitoring the repayment performance of its loans[22]. - The Group acknowledges the increased lending risks due to financial difficulties faced by customers[22]. - The Group will continue to monitor credit risk and adjust credit assessments as necessary to maintain revenue and credit quality[31]. - The Group recorded an impairment loss on loans receivables of approximately HK$137.07 million for the year ended December 31, 2023, compared to approximately HK$43.14 million for the corresponding period in 2022, indicating a significant increase in impairment losses[58]. - Expected credit loss (ECL) on individual assessment increased significantly to HK$130.22 million in 2023 from a recovery of HK$0.92 million in 2022[75]. - Total ECL for the year was HK$137.07 million, compared to HK$43.14 million in the previous year, indicating a substantial rise in credit risk[75]. Operational Efficiency - The Company is implementing various measures in budget control to manage expenses effectively[23]. - Administrative expenses decreased to approximately HK$10.12 million for the year ended December 31, 2023 from approximately HK$13.86 million for the year ended December 31, 2022, attributed to lower employment expenses and depreciation charges[55]. - Employment expenses specifically decreased from approximately HK$9.35 million in 2022 to approximately HK$7.04 million in 2023[56]. - Other operating expenses decreased to approximately HK$5.29 million in 2023 from HK$10.10 million in 2022, primarily due to reduced service fees for debt recovery[78]. - Finance costs decreased to approximately HK$0.15 million in 2023 from HK$0.55 million in 2022, reflecting lower interest expenses on lease liabilities and bonds[85]. Cash and Capital Management - The Group's bank and cash balances were approximately HK$3.74 million as of December 31, 2023, indicating adequate funds to maintain operations[23]. - The Group's capital base as of December 31, 2023, was approximately HK$3.74 million, indicating sufficient funds to maintain operations in the current economic environment[25]. - As of December 31, 2023, the Group's bank and cash balances were approximately HK$3.74 million, down from HK$19.84 million in 2022[93]. - The current ratio decreased to approximately 50.55 times in 2023 from 125.19 times in 2022, mainly due to an increase in bond payable[94]. - The Group recorded a net cash of approximately HK$3.74 million as of December 31, 2023, down from HK$17.93 million in 2022, resulting in a zero gearing ratio for both years[108]. Corporate Governance - The Company has complied with all corporate governance code provisions except for specific deviations noted in the report[132]. - The Board consists of at least three independent non-executive Directors, representing at least one-third of the Board[137]. - Each independent non-executive Director has confirmed their independence in accordance with GEM Listing Rules[138]. - The Board is responsible for the Group's long-term strategy and significant transactions, ensuring effective performance of management[135]. - The roles of Chairman and CEO are separate, but the position of Chairman has remained vacant since March 2020[149]. - The Board continues to function effectively despite the absence of a Chairman, with decisions made collectively[150]. - The company has service agreements with executive Directors for terms of no more than three years[148]. - The audit committee held five meetings during the year ended December 31, 2023, ensuring compliance with the CG Code[176]. - The nomination committee, comprising four independent non-executive Directors, held 2 meetings during the year, focusing on Board composition and succession planning[184]. - The remuneration committee, also consisting of four independent non-executive Directors, is responsible for reviewing and recommending Director remuneration[194]. Staff and Training - The Group employed a total of 12 full-time staff as of 31 December 2023, a reduction from 31 staff in 2022, with total employee remuneration decreasing to approximately HK$6.90 million[105]. - The total employee compensation for the year ended December 31, 2023, was approximately HK$6,900,000, a decrease from approximately HK$9,100,000 in 2022, with a total of 12 full-time employees as of the end of 2023[110]. - The Group has adopted a staff training and development policy to enhance competitiveness in the financial market[110]. Market Conditions - The global economic downturn has adversely affected many businesses in Hong Kong, impacting the loan repayment ability of some customers[22]. - The money lending industry is facing challenges due to the statutory interest rate cap being amended from 60% to 48% per annum since the end of 2022[29]. Trading and Investments - Trading in the shares of the Company has been suspended since November 24, 2017, and will remain suspended until further notice[115]. - The Company has not held any significant investments exceeding 5% of its total assets as of December 31, 2023[109]. - The Group did not hold any significant investments exceeding 5% of total asset value as of December 31, 2023[104]. - There were no material acquisitions or disposals during the year, and no specific future plans for significant investments or capital assets were noted[97].

Financial Performance - The Group's revenue for the year ended December 31, 2023, was approximately HK$6.35 million, representing a decrease of approximately 87.46% from HK$50.69 million for the year ended December 31, 2022[29]. - Revenue from personal loans dropped from HK$43.18 million in 2022 to HK$1.58 million in 2023, while corporate loans decreased from HK$3.56 million to HK$1.55 million[31]. - The Group recorded a net interest margin of approximately 12.00% for the year ended 31 December 2023, compared to 12.06% for the previous year[35][36][37]. - The net interest margin for unsecured loans increased from approximately 12.42% in 2022 to approximately 13.78% in 2023, while the margin for secured loans decreased from approximately 10.22% to 8.73%[38][39]. - The Group recorded other losses of approximately HK$4.53 million in 2023, a decrease from approximately HK$29.54 million in 2022, mainly due to reduced fair value losses on financial assets[45]. - The company reported a loss before tax of HK$152,934,687 for the year ended December 31, 2023, an improvement from a loss of HK$182,684,775 in 2022, indicating a reduction in losses by approximately 16.3%[112]. - Cash used in operating activities amounted to HK$24,834,979, significantly higher than HK$3,937,119 used in the previous year, reflecting increased operational challenges[112]. - Impairment loss on loans receivables reached HK$137,068,822, a substantial increase from HK$43,143,818 in 2022, highlighting deteriorating credit conditions[112]. Risk Management - The company operates in a market designed for small and mid-sized companies, which may carry higher investment risks[4]. - There is a risk that securities traded on GEM may be more susceptible to high market volatility compared to those on the Main Board[5]. - The Group will continue to adopt prudent risk management measures to balance return and risk in the long run[22]. - The decrease in revenue was mainly due to a reduction in accrued interest from credit-impaired loans receivables[29]. - The Group will modify its credit assessments and control measures as necessary to manage credit risk effectively[29]. - The Group performs collective assessment on impairment allowance for loans receivables at least quarterly, calculating expected credit losses (ECL) based on loan types and historical repayment performance[57]. - Individual assessment of impairment allowance is conducted monthly, considering factors such as expected recovery date and fair value of collateral[58]. - The Group assesses credit risk based on both quantitative and qualitative information, including historical experience and forward-looking data available without undue cost[149]. Compliance and Governance - The board of directors confirmed that the information in the annual report is accurate and complete in all material respects[7]. - The company emphasizes the importance of accurate and complete information in its annual report to avoid misleading statements[7]. - The Group has not received any service-related complaints during 2023, indicating a strong customer satisfaction level[60]. - There were no material breaches of relevant laws and regulations found during the year, demonstrating compliance with the Money Lenders Ordinance[60]. - The Group values customer privacy and complies with the Personal Data (Privacy) Ordinance, ensuring proper handling of personal data[60]. - An anti-fraud policy has been established to detect and prevent fraud, with a whistle-blowing policy allowing anonymous reporting of misconduct[61]. - The Group maintains high ethical standards and does not tolerate corruption, encouraging staff to report any unethical behavior[62]. - The Nomination Committee was established in 2011 and consists of four independent non-executive directors, ensuring compliance with corporate governance codes[188]. Financial Reporting and Audit - The Group's consolidated financial statements were prepared in compliance with Hong Kong Financial Reporting Standards (HKFRSs) and the Hong Kong Companies Ordinance[66]. - The audit concluded that the consolidated financial statements provide a true and fair view of the Group's financial position as of December 31, 2023[66]. - The overall presentation and structure of the consolidated financial statements were evaluated to ensure fair representation of underlying transactions[2]. - The Group's expected credit loss is calculated as the difference between all contractual cash flows due and the expected cash flows[178]. - The Group's current tax liability is calculated based on taxable profit for the year, which differs from loss before taxation due to various taxable and deductible items[196]. - The Group's liability for current tax is determined using tax rates that have been enacted or substantively enacted by the end of the reporting period[197]. Operational Changes - The average loan balance decreased from approximately HK$611.73 million as of December 31, 2022, to approximately HK$595.00 million as of December 31, 2023, reflecting a decline due to economic challenges[22]. - Administrative expenses decreased to approximately HK$10.12 million in 2023 from approximately HK$13.86 million in 2022, attributed to lower employment expenses and depreciation charges[47][48]. - Employment expenses decreased from approximately HK$9.35 million in 2022 to approximately HK$7.04 million in 2023[49]. - The Group's financial performance indicates a strategic focus on managing credit risk and optimizing operational costs[50]. - The Group plans to closely monitor its capital base to ensure adequate funding for potential opportunities[29]. Changes in Accounting Policies - The amendments to HKFRSs clarify the classification of liabilities as current or non-current, based on rights existing at the end of the reporting period[4]. - The application of the amendments will not result in reclassification of the Group's liabilities as of December 31, 2023[5]. - Right-of-use assets are depreciated from the commencement date to the end of their useful life if ownership is reasonably certain to be obtained[6]. - Lease liabilities are adjusted by interest accretion and lease payments after the commencement date[7]. - The Group's accounting policy change regarding long service payment scheme does not significantly impact the cumulative loss or equity components as of December 31, 2022[168].

Financial Performance - For the nine months ended September 30, 2023, the Group reported a revenue of HK$25,543,049, a decrease of 38.7% compared to HK$41,662,304 in the same period of 2022[2]. - The loss from operations for the nine months ended September 30, 2023, was HK$121,093,948, compared to a loss of HK$1,426,705 in the same period of 2022[2]. - The loss before tax for the nine months ended September 30, 2023, was HK$121,217,855, compared to a loss of HK$1,932,913 in the same period of 2022[2]. - The basic loss per share for the nine months ended September 30, 2023, was HK$3.34, compared to HK$0.02 in the same period of 2022[2]. - The Group's total comprehensive expense attributable to the owners for the period was HK$121,165,884, compared to HK$692,374 in the same period of 2022[2]. - The total revenue for the nine months ended September 30, 2023, was HK$11.86 million, a decrease from HK$559.68 million in the same period of 2022[29]. - For the nine months ended 30 September 2023, the Group reported a loss attributable to owners of HK$121,165,884, compared to a loss of HK$692,374 for the same period in 2022[103]. - The unaudited consolidated loss attributable to owners of the Company for the Review Period was approximately HK$121.17 million, compared to HK$0.69 million in the same period of 2022[140]. - The increase in loss was primarily due to an increase in impairment loss on loans receivables and a decrease in revenue during the Review Period[140]. Interest Income and Expenses - Interest income on credit-impaired loans receivables decreased to HK$20,022,472 for the nine months ended September 30, 2023, down from HK$29,272,326 in 2022, representing a decline of 31.5%[4][17]. - For the three months ended September 30, 2023, the company reported interest income from loan facilities of HK$8.38 million, a decrease of 39.5% compared to HK$13.88 million in the same period of 2022[26]. - The bank interest income for the three months ended September 30, 2023, was HK$0.19 million, significantly up from HK$0.006 million in the same period of 2022[29]. - The company recorded a net interest margin of approximately 14.0% for the review period, compared to 11.9% for the corresponding period last year[42][55]. - The Group's finance costs for the nine months ended September 30, 2023, were HK$123,907, compared to HK$506,208 in the same period of 2022[2]. - The Group recorded finance costs of approximately HK$0.12 million for the Review Period, a decrease from HK$0.51 million in the corresponding period in 2022[140]. Administrative and Other Expenses - Administrative expenses for the nine months ended September 30, 2023, were HK$8,831,932, a decrease from HK$10,237,725 in the same period of 2022[2]. - The Group's other operating expenses for the nine months ended September 30, 2023, were HK$4,253,536, down from HK$8,203,463 in the same period of 2022[2]. - Other operating expenses decreased to approximately HK$4.25 million for the Review Period, down from approximately HK$8.20 million for the corresponding period in 2022, mainly due to a decrease in service fees of debt recovery agencies[71]. - Administrative expenses decreased to approximately HK$8.83 million for the review period, down from approximately HK$10.24 million in the same period of 2022, primarily due to lower employee costs and depreciation[59]. Impairment Losses - As of September 30, 2023, the Group recorded an impairment loss on loans receivables of approximately HK$130.65 million, compared to a net reversal of impairment loss of approximately HK$20.42 million for the corresponding period in 2022[69]. - The increase in impairment loss on loans receivables is primarily due to an increase in loans receivables that have past due during the Review Period[69]. - The impairment loss on loans receivables for the three months ended September 30, 2023, was HK$1,269,233, a decrease from HK$2,046,308 in the previous year[100]. - The Group assesses expected credit loss (ECL) based on historical credit loss experience, adjusted for specific debtor factors and economic conditions[69]. - The Group performs collective assessment on impairment allowance for loans receivables at least on a quarterly basis, categorizing loans into different groups based on credit risk characteristics[69]. - The Group conducts monthly individual assessments on impairment allowance for loans receivables, considering factors such as expected recovery dates and fair value of collateral[69]. Trading and Regulatory Matters - The trading of shares of the Company remains suspended as of the date of approval of these financial statements[11]. - The Company has been in communication with the Securities and Futures Commission (SFC) to address concerns and aims for a resumption of trading of its shares[87]. - Trading in the Company's shares has been suspended since November 24, 2017, and will remain suspended until further notice[87]. - The Company is currently unable to provide a concrete timeframe for the resumption of trading of its shares[87]. - The audit committee, comprising four independent non-executive Directors, has reviewed the Group's unaudited condensed consolidated results for the Review Period[81]. - The Company has made adequate disclosures in compliance with applicable accounting standards and GEM Listing Rules[81]. Government Grants and Other Income - The company did not record any government grants for the three months ended September 30, 2023, compared to HK$312.8 million in the same period of 2022[29]. - The Group's other income decreased by approximately HK$0.55 million due to a reduction in government grants received under the Employment Support Scheme during the Review Period[136]. Strategic Focus - The Group has faced increased lending risks due to financial difficulties encountered by some customers, impacting their loan repayment ability[130]. - The Group will continue to adopt prudent risk management measures to balance return and risk in the long term[130]. - The overall financial strategy includes a focus on managing credit risk and optimizing operational expenses to enhance profitability[71]. - The Group has implemented various budget control measures to manage its expenses effectively[116].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之 內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 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之任何損失承擔任何責任。 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8215） 截至二零二三年九月三十日止九個月 第三季度業績公告 第一信用金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，本公 司及其附屬公司截至二零二三年九月三十日止九個月的未經審核業績。本公告載 有本公司截至二零二三年九月三十日止九個月第三季度報告（「二零二三年第三季 度報告」）的全文，符合聯交所的GEM證券上市規則（「GEM上市規則」）有關第三 季度業績初步公佈附載資料的相關規定。二零二三年第三季度報告的印刷本會適 時向本公司股東寄發。 代表董事會 第一信用金融集團有限公司 執行董事及行政總裁 何婉薇 香港，二零二三年十一月十七日 ...

Financial Performance - For the six months ended June 30, 2023, the Group reported interest income from loan facilities of HK$17,159,460, a decrease of 38.4% compared to HK$27,783,595 for the same period in 2022[22]. - The Group's revenue for the Review Period decreased to approximately HK$17.16 million, down from approximately HK$27.78 million for the same period last year, representing a decline of about 38%[32]. - The Group recorded a loss before tax of approximately HK$15.42 million for the three months ended June 30, 2023, compared to a profit before tax of approximately HK$11.69 million for the same period in 2022[39]. - The Group's total comprehensive loss attributable to the owners of the Company for the six months ended June 30, 2023, was approximately HK$25.40 million, compared to a profit of approximately HK$10.39 million for the same period in 2022[39]. - The Group's basic loss per share for the six months ended June 30, 2023, was HK$0.43, compared to earnings per share of HK$0.32 for the same period in 2022[39]. - The Group recorded an unaudited consolidated loss attributable to owners of approximately HK$25.40 million for the Review Period, compared to a profit of approximately HK$10.39 million for the six months ended 30 June 2022[80]. Asset Valuation - As of June 30, 2023, the fair value of equity securities listed in Hong Kong was HK$3,444,518, down from HK$12,131,676 as of December 31, 2022, representing a decline of 71.5%[15]. - The Group's financial assets mandatorily measured at FVTPL included equity securities listed in Hong Kong, which were valued at HK$3,444,518 as of June 30, 2023[15]. - The Group's financial assets mandatorily measured at fair value through profit or loss decreased to HK$3.44 million as of June 30, 2023, from HK$12.13 million as of December 31, 2022[45]. - As of June 30, 2023, total non-current assets amounted to HK$37,629,433, a decrease of 12.4% from HK$42,982,168 as of December 31, 2022[135]. - Current assets totaled HK$217,738,295, down 8.7% from HK$238,526,035 as of December 31, 2022[135]. - The net assets as of June 30, 2023, were HK$254,199,983, a decline of 9.1% from HK$279,602,892 as of December 31, 2022[135]. Impairment and Losses - The Group recorded an impairment loss on loans receivables of approximately HK$31.43 million, compared to a net reversal of impairment loss of approximately HK$17.86 million for the same period in 2022, attributed to an increase in past due loans[78]. - The Group's impairment losses on loans receivables were primarily due to an increase in overdue loans during the Review Period[78]. - The Group recorded an impairment loss on loans receivables of HK$2,968,448 for the six months ended June 30, 2023, compared to HK$3,236,391 in the same period of 2022, indicating a reduction in impairment[188]. Revenue Sources - The Group's interest income from loans offered to customers was the primary source of revenue, reflecting the integrated nature of its resources[47]. - For the six months ended 30 June 2023, all of the Group's revenue was generated from credit financing in Hong Kong, with no revenue from a single external customer amounting to 10% or more of the Group's revenue[47]. - The Group's revenue from other sources, specifically interest income from loan facilities, was HK$8,589,584 for the three months ended June 30, 2023, down from HK$13,328,430 for the same period in 2022[22]. Expenses and Costs - Administrative expenses for the six months ended June 30, 2023, included an impairment loss of approximately HK$2.80 million, compared to a reversal of impairment loss of approximately HK$3.35 million for the same period in 2022[39]. - The Group's other income decreased by approximately HK$0.19 million due to a reduction in government grants received under the Employment Support Scheme during the Review Period[61]. - Administrative expenses decreased to approximately HK$6.01 million from approximately HK$6.58 million in the corresponding period of 2022, mainly due to lower employment expenses and depreciation charges[61]. - Finance costs decreased to approximately HK$0.10 million for the Review Period, down from approximately HK$0.40 million for the six months ended June 30, 2022[80]. Cash Flow and Liquidity - The net cash used in operating activities was HK$20,812,486 for the six months ended 30 June 2023, compared to HK$5,686,314 for the same period in 2022, indicating a significant increase in cash outflow[157]. - The net cash generated from investing activities for the same period was HK$7,072,379, up from HK$3,022,565 in 2022, reflecting improved investment performance[157]. - The cash and cash equivalents at the end of the period stood at HK$5,261,618, down from HK$14,571,193 at the end of June 2022, indicating a decline in available cash[157]. - The Group's net cash was approximately HK$4.09 million as of June 30, 2023, down from approximately HK$17.93 million as of December 31, 2022, indicating no gearing as of the reporting date[70]. Risk Management and Future Outlook - The Group expects that the challenging economic environment may affect loan demand and market risks in the short term[121]. - The Group is committed to maintaining prudent risk management measures to balance return and risk in the long run[121]. - The overall economy in Hong Kong and Mainland China is recovering, but uncertainties remain due to the impacts of COVID-19[121]. Corporate Governance - The Group's audit committee comprises four independent non-executive Directors, ensuring compliance with applicable accounting standards[113]. - The Company did not have a share option scheme as of June 30, 2023, indicating a focus on other forms of compensation[108].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之 內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 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之任何損失承擔任何責任。 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8215） 截至二零二三年六月三十日止六個月 中期業績公告 第一信用金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司截至二零二三年六月三十日止六個月的未經審核業績。本公告 載有本公司截至二零二三年六月三十日止六個月中期報告（「二零二三年中期報告」） 的全文，符合聯交所GEM證券上市規則（「GEM上市規則」）有關附帶中期業績初 步公告的資料的相關規定。二零二三年中期報告的印刷本，將於適時寄發予本公 司股東。 代表董事會 第一信用金融集團有限公司 執行董事兼行政總裁 何婉薇 香港，二零二三年八月三日 ...