Financial Performance - Revenue for the three months ended March 31, 2023, was HK$8,569,876, a decrease of 40% compared to HK$14,455,165 for the same period in 2022[15] - Loss from operations for Q1 2023 was HK$9,921,921, significantly higher than the loss of HK$1,730,625 in Q1 2022[15] - Loss before tax for the period was HK$9,971,159, compared to a loss of HK$1,939,022 in the prior year[15] - Total comprehensive expense attributable to owners of the Company for Q1 2023 was HK$9,911,431, compared to HK$1,327,808 in Q1 2022[15] - Basic and diluted loss per share for Q1 2023 was HK$0.27, compared to HK$0.04 in the same period last year[15] - The consolidated loss attributable to owners of the Company was approximately HK$9.91 million for the Review Period, compared to a loss of approximately HK$1.33 million for the three months ended 31 March 2022, driven by decreased revenue and increased impairment loss[72] Impairment and Losses - Impairment loss on loans receivables, net, was HK$12,310,381, up from HK$7,642,499 in the previous year[15] - The impairment loss on loans receivables increased significantly to HK$12,310,381, up from HK$7,642,499, reflecting a rise of 61.8%[34] - The increase in impairment loss on loans receivables was principally due to an increase in loans receivables that have past due during the Review Period[64] - The Group performs collective assessments on impairment allowances for loans receivables at least quarterly, categorizing loans by type to calculate expected credit loss (ECL)[65] - The Group also conducts monthly individual assessments for impairment allowances on loans receivables, considering factors such as expected recovery dates and the fair value of collateral[66] Revenue and Interest Income - Interest income from credit-impaired loans receivables was HK$6,419,057 for Q1 2023, down from HK$9,505,808 in Q1 2022[22] - The decrease in revenue was mainly due to a reduction in accrued interest from credit-impaired loans receivables during the Review Period[57] - The revenue from past due loans less than 3 months was approximately HK$0.02 million, while revenue from loans overdue for more than 3 months but not impaired was approximately HK$1.11 million[57] - The Group recorded a net interest margin of approximately 12.19% for the Review Period, slightly up from 12.13% for the same period in 2022[57] Expenses and Cost Management - Other operating expenses decreased to approximately HK$1.22 million for the Review Period, down from approximately HK$4.22 million for the three months ended 31 March 2022, mainly due to a reduction in service fees of debt recovery agencies[72] - The Group's administrative expenses were approximately HK$3.21 million for the Review Period, slightly down from approximately HK$3.22 million for the corresponding period in 2022, primarily due to decreased depreciation charges[72] - The Group's total salaries and allowances for employees (excluding directors' emoluments) rose to HK$1,604,471 from HK$1,465,549, an increase of 9.5%[34] - The Group is committed to controlling expenses through various budget control measures[49] Trading Status and Regulatory Matters - The Group's shares remain suspended from trading as of the date of approval of these financial statements[21] - Trading in the shares of the Company has been suspended since November 24, 2017, and will remain suspended until further notice[84] - The Company is actively communicating with the Securities and Futures Commission (SFC) to address concerns and aims for a resumption of trading as soon as possible[92] - The Company's trade resumption application is still pending, and no concrete timeframe for resumption can be provided at this stage[92] - The Audit Committee, comprising four independent non-executive Directors, has reviewed the unaudited condensed consolidated results for the Review Period[93] Economic Conditions and Business Outlook - The adverse financial and economic conditions caused by the COVID-19 pandemic have negatively impacted the financial position and repayment ability of the Group's customers[48] - The overall economy is picking up as COVID-19 measures have been relaxed, but uncertainties remain in the business environment[52] - The Group aims to maximize shareholder value and enhance its competitive position by maintaining revenue and credit quality[57] - The Group will continue to adopt prudent and cautious approaches during the loan assessment and approval process to maintain its loan portfolio[48]

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） 截至二零二三年三月三十一日止三個月 第一季度業績公告 第一信用金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司截至二零二三年三月三十一日止三個月的未經審核業績。本公 告載列本公司截至二零二三年三月三十一日止三個月的第一季度報告（「二零二三 年第一季度報告」）全文，並符合聯交所GEM證券上市規則（「GEM上市規則」）內 有關第一季度業績初步公告附載資料的相關規定。二零二三年第一季度報告的印 刷版本，將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，二零二三年五月四日 ...

Financial Performance - The Group's revenue for the year ended December 31, 2022, was approximately HK$50.69 million, representing a decrease of approximately 15.85% from HK$60.24 million in 2021[32]. - Revenue from personal loans decreased from HK$49.12 million in 2021 to HK$43.18 million in 2022[38]. - The Group recorded a consolidated loss attributable to owners of approximately HK$182.48 million for the year ended December 31, 2022, compared to a loss of approximately HK$31.54 million for the year ended 31 December 2021[88]. - The Group's other income increased from approximately HK$0.43 million in 2021 to approximately HK$0.72 million in 2022, mainly due to government subsidies[48]. - The Group recorded an other loss of approximately HK$29.54 million in 2022, compared to an other gain of approximately HK$0.33 million in 2021, primarily due to fair value losses on financial assets[49]. Loan Portfolio and Risk Management - The average loan balance decreased from approximately HK$834.50 million as of December 31, 2021, to approximately HK$611.73 million as of December 31, 2022[22]. - The Group will continue to adopt prudent and cautious approaches during the loan assessment and approval process to maintain its loan portfolio[24]. - The Group is focused on evaluating its risk management measures to ensure a proper balance between return and risk in the long run[24]. - Credit risk assessments are conducted before each loan is advanced, including identity checks and financial background checks on borrowers[69]. - The Group actively monitors loan repayment status and has enhanced collection procedures during the year, especially during the COVID-19 pandemic[71]. Operational Challenges - The Group's money lending business was significantly impacted by the Omicron variant outbreak, affecting customer repayment and visits due to stringent social distancing measures[23]. - The adverse financial conditions caused by the COVID-19 pandemic have negatively impacted the financial position and repayment ability of the Group's customers[24]. - The challenging operational environment is expected to affect loan demand and market risks in the short term[24]. - The Group aims to maintain its services to customers despite the operational challenges posed by the pandemic[23]. Liquidity and Capital Management - The Group's bank and cash balances were approximately HK$19.84 million as of December 31, 2022, indicating sufficient funds to maintain operations[25]. - The Group's liquidity positions and working capital sufficiency were assessed to evaluate the influence of the COVID-19 pandemic on its business[25]. - The Group will continue to monitor its capital base to ensure sufficient funding for potential opportunities[30]. - The Group's liquidity position as of December 31, 2022, included bank and cash balances of approximately HK$19.84 million, deemed sufficient for operations[27]. - The net current assets of the Group amounted to approximately HK$236.62 million as of 31 December 2022, an increase from approximately HK$149.32 million in 2021, with a current ratio of approximately 125.19 times[94]. Administrative and Employment Expenses - The Group's administrative expenses decreased to approximately HK$13.86 million for the year ended 31 December 2022, down from approximately HK$13.92 million in 2021, primarily due to reduced depreciation charges[56]. - Employment expenses increased to HK$9.35 million in 2022 from HK$9.10 million in 2021, while occupancy costs decreased to HK$0.20 million from HK$0.26 million[57]. - Other operating expenses decreased to approximately HK$10.10 million in 2022 from approximately HK$15.04 million in 2021, primarily due to reduced service fees of debt recovery agencies and lower advertising and promotion expenses[78]. Corporate Governance - The company has complied with most provisions of the Corporate Governance Code, with some deviations noted in specific areas[129][130]. - The Board is responsible for the Group's long-term strategy and significant transactions, ensuring effective performance of duties[136]. - The company has adopted a code of conduct for Directors' securities transactions, with no violations reported during the year[134]. - The roles of Chairman and CEO are separate, but the Chairman position has remained vacant since March 2020[150]. - The company received annual confirmations of independence from all independent non-executive Directors[139]. Board and Committee Activities - The Board of Directors held a total of four meetings during the year, with all directors attending all meetings, indicating strong engagement and governance[167]. - The audit committee, consisting of four independent non-executive directors, held four meetings during the year ended December 31, 2022, ensuring compliance and oversight[177]. - The nomination committee, comprising four independent non-executive Directors, held 2 meetings during the year, with full attendance from all members[186]. - The remuneration committee held 5 meetings during the year, with all members present at each meeting[199]. - The audit committee reviewed the Group's quarterly, interim, and annual financial results, ensuring the integrity of financial statements and compliance with financial reporting standards[179]. Staff and Training - The Group has adopted a staff training and development policy to enhance competitiveness in the financial market, focusing on money lending, anti-money laundering, and anti-corruption[106][110]. - As of December 31, 2022, the Group employed a total of 31 staff, an increase from 28 staff in 2021, with total employee remuneration approximately HK$9.10 million, up from HK$8.79 million in 2021[105][110]. - All directors participated in continuous professional development during the year, enhancing their knowledge and skills relevant to their roles[170]. Future Plans and Investments - The Group has no specific future plans for material investments or capital assets as of 31 December 2022[100]. - The Group did not hold any significant investments exceeding 5% of the total asset value as of 31 December 2022[104]. - The Group's treasury policy aims to utilize surplus funds for long-term capital appreciation through diversified investment products[95].

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） 截至二零二二年十二月三十一日止年度 全年業績公告 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二零二二年十二月三十一日止年度的經審核全年業績。本公 告載有本公司截至二零二二年十二月三十一日止年度年報（「二零二二年年報」） 的全文，符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）有 關附帶全年業績初步公告的資料的相關規定。本公司二零二二年年報的印刷本會 於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 執行董事兼行政總裁 何婉薇 香港，二零二三年三月二十三日 ...

(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） 2022 THIRD QUARTERLY REPORT 第三季度報告 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 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$27,783,595, a slight increase of 1.25% compared to HK$27,438,408 in the same period of 2021[19]. - Profit before tax for the six months ended June 30, 2022, was HK$11,691,394, compared to a profit of HK$1,254,584 in the same period of 2021[19]. - For the six months ended June 30, 2022, the total comprehensive income was HK$10,391,558, compared to a total comprehensive expense of HK$56,874,902 for the same period in 2021[25]. - The Group reported a net loss of HK$19,844,422 from financial assets at fair value through profit or loss (FVTPL) for the three months ended 30 June 2022[44]. - The Group recorded an unaudited consolidated profit attributable to owners of approximately HK$10.39 million for the Review Period, a significant improvement from a loss of approximately HK$56.87 million for the six months ended 30 June 2021[158]. Assets and Liabilities - Total non-current assets decreased to HK$283,414,544 as of June 30, 2022, from HK$311,171,195 as of December 31, 2021, representing a decline of approximately 8.9%[22]. - Current assets increased to HK$193,141,915 as of June 30, 2022, compared to HK$160,956,695 as of December 31, 2021, reflecting an increase of about 19.9%[22]. - Total equity as of June 30, 2022, was HK$470,223,939, an increase from HK$459,832,381 as of December 31, 2021, showing a rise of about 2.5%[22]. - The Company reported a retained loss of HK$(313,730,008) as of June 30, 2022, compared to a retained loss of HK$(349,459,498) as of June 30, 2021[25]. - As of June 30, 2022, cash and cash equivalents at the end of the period were HK$14,571,193, down from HK$15,066,117 at the end of June 30, 2021[28]. Operational Efficiency - The company has achieved a 30% reduction in operational costs through efficiency improvements and strategic partnerships[9]. - Administrative expenses for the six months ended June 30, 2022, were HK$6,576,896, a decrease from HK$7,879,535 in the same period of 2021[19]. - The Group's total interest expenses for the six months ended June 30, 2022 were HK$400,339, down from HK$458,379 in 2021, indicating a reduction of 12.7%[46]. - The Group recorded a reversal of impairment loss on loans receivables of approximately HK$33.39 million, a significant decrease from a net impairment loss of approximately HK$63.85 million in the corresponding period of 2021[147]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[9]. - Market expansion efforts include targeting Southeast Asia, with an expected increase in market share by 10% within the next two years[9]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market presence, with a focus on companies in the fintech sector[9]. - A new product line is set to launch in Q4 2022, anticipated to contribute an additional $2 million in revenue[9]. Corporate Governance - The Company is committed to high standards of corporate governance, complying with all code provisions of the Corporate Governance Code except for specific provisions related to the chairman's role[187]. - The position of the chairman of the Board has remained vacant since the passing of the former chairman on March 9, 2020[187]. - The Board of Directors is composed of experienced members who can make significant decisions collectively, ensuring effective and efficient operations despite the absence of a Chairman[189]. Market Conditions - The ongoing COVID-19 pandemic has negatively impacted customer repayment and reduced customer visits, leading to uncertainties in business performance[132]. - The Group continues to focus on conducting money lending business, providing both secured and unsecured loans to individuals, corporations, and foreign domestic workers[131]. - The Group has implemented measures to maintain hygiene standards and has processed most loan applications online during the Review Period[133]. Share Trading and Compliance - The trading of the Company's shares remains suspended as of the date of the financial statements approval[31]. - The trading of the Company's shares has been suspended since November 24, 2017, and will remain suspended until further notice[200]. - The Company continues to communicate with the Securities and Futures Commission (SFC) to address concerns and aims for a resumption of trading as soon as possible[200].

Financial Performance - Revenue for the three months ended March 31, 2022, was HK$14,455,165, representing an increase of 11.4% compared to HK$12,981,842 for the same period in 2021[9] - Loss before tax for the period was HK$1,939,022, significantly reduced from a loss of HK$54,426,801 in the previous year, indicating improved financial performance[9] - The loss attributable to owners of the Company for the period was HK$1,327,808, a substantial improvement from HK$56,302,524 in the prior year[9] - Basic and diluted loss per share for the period was HK$0.04, compared to HK$1.55 in the same period last year, reflecting a significant reduction in losses per share[9] - The total comprehensive expense for the period ended March 31, 2022 was HK$1,327,809, compared to HK$56,302,524 for the same period in 2021, indicating a substantial decrease in overall losses[42] - The consolidated loss attributable to owners of the Company was approximately HK$1.33 million for the Review Period, significantly reduced from approximately HK$56.30 million for the same period in 2021[70] Asset Quality and Impairment - Impairment loss on loans receivables, net, was HK$7,642,499, a significant decrease from HK$52,865,407 in the same period last year, indicating improved asset quality[9] - The impairment loss on loans receivables for the three months ended March 31, 2022 was HK$7,642,499, significantly lower than HK$52,865,407 for the same period in 2021, reflecting improved asset quality[30] - The Group performs collective assessments on impairment allowances for loans receivables at least quarterly, categorizing loans by type to calculate expected credit losses (ECL)[65] - Individual assessments for impairment allowances are conducted monthly, considering factors such as expected recovery dates and the fair value of collateral[66] - The Group's effective risk management measures contributed to the significant decrease in impairment loss on loans receivables during the Review Period[65] - The assessment of impairment allowances incorporates forward-looking information, including economic conditions and expected unemployment rates[64] - The Group's approach to impairment assessment includes using a Markov Chain Model to estimate probabilities of default and loss given default[65] Expenses and Cost Management - Administrative expenses decreased to HK$3,222,863 from HK$4,399,177, showing a reduction of approximately 26.7%[9] - Other operating expenses decreased to approximately HK$4.22 million from approximately HK$6.13 million for the three months ended March 31, 2021, mainly due to a reduction in service fees of debt recovery agencies[70] - Total finance costs for the three months ended March 31, 2022 amounted to HK$208,397, a decrease from HK$229,413 in the same period of 2021[27] - Interest on bond payable decreased to HK$177,534 for the three months ended March 31, 2022, down from HK$197,260 in the same period of 2021[27] - The Group's finance costs remained stable at approximately HK$0.21 million for the Review Period, compared to approximately HK$0.23 million for the three months ended March 31, 2021[70] Revenue Sources - Interest income from credit-impaired loans receivables amounted to HK$9,505,808 for the three months ended March 31, 2022, compared to HK$8,958,831 in 2021, reflecting a year-over-year increase of 6.1%[20] - For the three months ended 31 March 2022, the Group's revenue increased to approximately HK$14.46 million, up from approximately HK$12.98 million for the same period in 2021, primarily due to an increase in overdue interest from loans receivables[51] - Revenue from past due loans less than 3 months was approximately HK$0.65 million, while revenue from loans overdue for more than 3 months but not impaired was approximately HK$1.45 million during the Review Period[51] Compliance and Governance - The financial results were prepared in accordance with applicable Hong Kong Financial Reporting Standards and GEM Listing Rules, ensuring compliance and accuracy[14] - The Group has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on the financial statements[15] - The audit committee comprises four independent non-executive Directors, and the financial information has been reviewed for compliance with applicable accounting standards[94] Strategic Focus and Future Outlook - The Company continues to focus on improving operational efficiency and reducing costs to enhance profitability in future periods[9] - The Group will continue to adopt prudent approaches in loan assessment and approval processes to maintain its loan portfolio amidst challenging market conditions[51] - The Group expects that the ongoing COVID-19 pandemic may continue to adversely impact loan demand and market risks in the short term[47] - The Group will closely monitor its capital base to ensure sufficient funding for capturing potential opportunities in the competitive money lending industry[51] - The Group's risk management measures will be continuously evaluated to ensure a proper balance between return and risk in the long run[47] Shareholder and Director Information - As of March 31, 2022, no Directors or chief executives had any interests or short positions in the shares of the Company[78] - As of March 31, 2022, the Company did not have a share option scheme[87] - During the review period, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[87] - The Company has been under a trading suspension since November 24, 2017, as directed by the Securities and Futures Commission[89] - The Company's application for trade resumption is still pending, with no concrete timeframe provided at this stage[90] - The Company confirmed that there were no competing interests among the Directors and their close associates during the review period[87] - The Company did not have any controlling shareholder during the review period, eliminating issues of competing interests from controlling shareholders[87]

Financial Performance - The company's revenue for 2021 was HKD 210.95 million, representing a 41% increase compared to the previous year[2]. - The Group's revenue for the year ended December 31, 2021, was approximately HK$60.24 million, representing an increase of approximately 58.46% from HK$38.02 million in 2020[54]. - The increase in revenue was mainly due to the rise in accrued interest from credit-impaired loans receivables during the year[54]. - The revenue from unsecured loans totaled HK$57.01 million in 2021, up from HK$32.32 million in 2020[57]. - The Group recorded a consolidated loss attributable to owners of approximately HK$31.54 million for the year ended December 31, 2021, a significant decrease from approximately HK$367.61 million for the year ended 31 December 2020[100]. Assets and Liabilities - The total assets of the company amounted to HKD 149.16 million as of the end of 2021[2]. - As of December 31, 2021, the Group's bank and cash balances were approximately HK$23.43 million, indicating sufficient funds to maintain operations under the current economic environment[45]. - The Group's net current assets amounted to approximately HK$149.32 million as of December 31, 2021, down from approximately HK$237.71 million as of December 31, 2020, with a current ratio of approximately 13.84 times[105]. - The Group recorded a net cash position of approximately HK$11.13 million as of December 31, 2021, compared to a net debt of approximately HK$2.20 million as of December 31, 2020, resulting in no gearing ratio as of December 31, 2021[113]. Risk Management - The adverse financial and economic conditions caused by the COVID-19 pandemic have negatively impacted the repayment ability of the Group's customers, which may continue to affect business performance in the short term[45]. - The Group will continue to evaluate its risk management measures to ensure a proper balance between return and risk in the long run[45]. - The Group's credit risk assessments included identity checks and financial background checks on borrowers, ensuring satisfaction with their creditworthiness and repayment ability[84]. - The Group will continue to monitor the credit risk of loans receivables and adjust credit assessments as necessary[54]. Corporate Governance - The Company has complied with GEM Listing Rules, ensuring at least three independent non-executive Directors, representing at least one-third of the Board[128]. - The Board is responsible for the strategic development of the Company, aiming to maximize long-term shareholder value while balancing broader stakeholder interests[128]. - The audit committee is chaired by Mr. Choy Sze Chung Jojo, ensuring oversight of financial reporting[37]. - The Company confirmed compliance with the CG Code provisions regarding director training and development during the review year[155]. Operational Changes - Most loan applications have been processed online during the year under review, reflecting a shift in operational practices due to the pandemic[45]. - The Group has implemented various budget control measures to manage expenses in response to the negative impacts of COVID-19[47]. - The Group has taken extra care to raise hygiene standards in its premises to protect the health of customers and employees[45]. Board Composition and Meetings - The Company has five independent non-executive directors, each appointed for a term of two years[143]. - Regular board meetings are scheduled quarterly, with at least 14 days' notice provided to directors[144]. - The audit committee held four meetings during the year ended December 31, 2021, with all members attending all meetings[159]. - The nomination committee held two meetings during the year ended December 31, 2021, with all members attending both meetings[165]. Financial Management - The Group's average loan balance decreased from approximately HK$941.11 million as of December 31, 2020, to approximately HK$834.50 million as of December 31, 2021, representing a decline of about 11.3%[45]. - The Group recorded a reversal of impairment loss on loans receivables of approximately HK$10.81 million for the year ended December 31, 2021, compared to a net impairment loss of approximately HK$360.19 million for the corresponding period in 2020[74]. - The Group's total impairment loss on loans receivables for the year was recorded at a net amount of HK$10.81 million, a significant reduction compared to the previous year[90]. Compliance and Regulations - The compliance committee is responsible for ensuring the Group's compliance with relevant laws and regulations, including the Money Lenders Ordinance and GEM Listing Rules[182][187]. - The compliance committee identified no material compliance issues during the review year and made several recommendations to the Board and management[194]. - The Company has acted and will continue to act on the recommendations of the compliance committee[194].

Revenue and Financial Performance - Revenue for the nine months ended September 30, 2021, was HK$42,839,032, representing an increase of 65% compared to HK$25,946,071 for the same period in 2020[8]. - Interest income from loan facilities amounted to HK$42,839,032, up from HK$25,946,071 in 2020, with credit-impaired loans contributing HK$30,771,356[13][17]. - The profit before tax for the period was HK$391,650, a turnaround from a loss of HK$198,945,602 in 2020[8]. - Basic loss per share improved to HK$0.21 from HK$5.88 in 2020, reflecting better financial performance[8]. - The total comprehensive loss for the period ended September 30, 2021, was HK$7,739,220, compared to a total comprehensive loss of HK$213,354,848 for the same period in 2020[41]. - The Group recorded a consolidated loss attributable to owners of the Company of approximately HK$7.74 million for the Review Period, significantly reduced from approximately HK$213.35 million for the same period in 2020[92]. - The Group's overall financial performance improved due to increased revenue and a significant decrease in impairment losses during the Review Period[92]. Expenses and Cost Management - Other income decreased significantly to HK$425,410 from HK$1,944,107 in the previous year, primarily due to the absence of government subsidy income in 2021[20]. - Administrative expenses were reduced to HK$10,942,619 from HK$20,087,993, indicating a cost control strategy[8]. - Other operating expenses increased to approximately HK$11.91 million for the Review Period, compared to approximately HK$6.56 million for the nine months ended September 30, 2020, primarily due to increased service fees for debt recovery agencies and legal fees[88]. - Total finance costs for the nine months ended September 30, 2021, amounted to HK$687,938, compared to HK$233,029 in 2020, reflecting an increase of approximately 195%[27]. - The increase in finance costs was primarily due to interest expenses on lease liabilities and consideration payable[92]. Impairment and Credit Risk Management - The Group experienced a reversal of impairment loss on loans receivables of approximately HK$16.02 million, a significant improvement compared to a net impairment loss of approximately HK$197.18 million for the same period in 2020[78]. - The Group's impairment loss on loans receivables significantly decreased during the Review Period due to effective bad debt control policies[81]. - The Group conducts collective assessments of impairment provisions for receivables at least quarterly, categorizing loans by type and calculating expected credit losses based on historical repayment performance and forward-looking data[82]. - The Group performs independent monthly assessments of impairment provisions for receivables, considering expected recovery dates and the fair value of collateral[82]. Shareholder and Market Information - The Group did not recommend any dividend payment to shareholders for the nine months ended September 30, 2021, consistent with the previous year[36]. - As of September 30, 2021, Xiao Guoliang held 1,070,400,000 ordinary shares, representing approximately 29.50% of the Company's issued share capital[99]. - The maximum number of ordinary shares that may be issued under the Share Option Scheme is 362,880,000 shares, representing 10% of the issued ordinary shares of the Company as of the report date[103]. - No share options have been granted under the Share Option Scheme since its adoption on November 24, 2011[103]. - Trading in the shares of the Company has been suspended since November 24, 2017, and will remain suspended until further notice[113]. - The Company is actively communicating with the Securities and Futures Commission (SFC) to address concerns and aims for a resumption of trading as soon as possible[116]. - The Company's trade resumption application is still pending, and no concrete resumption timeframe can be provided at this stage[116]. Future Strategies and Market Opportunities - The Group continues to focus on enhancing its loan facilities and managing credit risks effectively to improve financial outcomes[8]. - Future strategies may include exploring new market opportunities and potential product innovations to drive growth[8]. - The Group is actively exploring further potential investment opportunities, including bonds and listed equity securities, to maximize shareholder value[4]. - The Group will continue to monitor its capital base to ensure sufficient funding for capturing different potential opportunities in the market[4]. - The Group's focus remains on maintaining revenue growth and credit quality in the competitive money lending industry[4]. Compliance and Governance - The Group has adopted all relevant amended Hong Kong Financial Reporting Standards effective from January 1, 2021, with no significant impact on the financial statements[12]. - The Audit Committee, comprising four independent non-executive Directors, has reviewed the Group's unaudited condensed consolidated results for the Review Period[118]. - The Board believes that the preparation of financial information complies with applicable accounting standards and GEM Listing Rules[118]. - The Company did not have any controlling shareholder during the Review Period, thus no competing interests were reported[110]. - The Company has not disclosed any new product or technology developments, market expansions, or mergers during the Review Period[110].

Financial Performance - The interim financial report for First Credit Finance Group Limited shows a total revenue of 26,465.54 million for the period ending June 30, 2021[1]. - Revenue for the six months ended June 30, 2021, was HK$27,438,408, representing a 30.2% increase from HK$21,066,098 in the same period of 2020[19]. - Profit before tax for the six months ended June 30, 2021, was HK$1,254,584, compared to a loss of HK$53,172,217 in the same period of 2020[19]. - Loss attributable to owners of the Company for the period was HK$56,874,902, a significant improvement from a loss of HK$159,584,965 in the prior year[19]. - The Group reported a profit before tax of HK$10,984,002 for the six months ended June 30, 2021, compared to a loss of HK$159,416,918 in 2020[57]. - The unaudited consolidated loss attributable to owners of the Company was approximately HK$56.87 million for the Review Period, a decrease from approximately HK$159.58 million for the same period in 2020[134]. Assets and Liabilities - Total non-current assets as of June 30, 2021, amounted to HK$268,874,482, an increase from HK$256,269,234 as of December 31, 2020[22]. - Current assets decreased to HK$181,696,902 as of June 30, 2021, down from HK$252,247,435 at the end of 2020[22]. - Net current assets were HK$167,533,889, a decrease from HK$237,709,673 at the end of 2020[22]. - Total equity as of June 30, 2021, was HK$435,068,449, down from HK$491,943,351 at the end of 2020[22]. - Total loans receivables amounted to HK$956,835,935 as of June 30, 2021, a decrease from HK$966,628,879 as of December 31, 2020[71]. - The impairment allowance on individual assessment increased to HK$441,053,690 as of June 30, 2021, compared to HK$360,257,902 as of December 31, 2020[71]. Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2021, was HK$20,246,853, a significant increase from HK$3,241,857 in the same period of 2020[29]. - Net cash used in investing activities was HK$18,049,091, compared to HK$492,970 in the prior year, indicating increased investment activity[29]. - Cash and cash equivalents at the end of the period were HK$15,066,117, down from HK$16,877,964 at the end of the previous period[29]. - The net increase in cash and cash equivalents for the six months was HK$688,162, contrasting with a decrease of HK$203,926 in the same period of 2020[29]. Corporate Governance - The directors of the company accept full responsibility for the accuracy and completeness of the information provided in the report[5]. - The Company has complied with all code provisions of the Corporate Governance Code except for A.2.1 to A.2.9 due to the vacancy of the chairman position[168]. - The Board received adequate information and relevant documents before meetings, ensuring informed discussions and prompt decision-making[169]. - The Company is committed to maintaining high standards of corporate governance to safeguard shareholders' interests[168]. Market and Investment Risks - The company acknowledges the higher investment risks associated with small and mid-sized companies listed on GEM, which may lead to increased market volatility[2]. - There is no assurance of a liquid market for securities traded on GEM, highlighting potential challenges for investors[3]. - The Group is actively exploring potential investment opportunities, including bonds and equity securities, to maximize shareholder value[102]. - The Group will continue to monitor its capital base to ensure sufficient funding for various potential opportunities[102]. Operational Highlights - The report does not disclose any new product developments or technological advancements during the reporting period[1]. - There are no mentions of market expansion or mergers and acquisitions in the interim report[1]. - The company has not provided specific future outlook or performance guidance in the available content[1]. - The company maintained strict control over outstanding loans receivables to minimize credit risk, with overdue balances regularly reviewed by management[73]. Shareholder Information - The Group's issued and fully paid share capital consisted of 3,628,800,000 ordinary shares at HK$0.02 each as of June 30, 2021[90]. - The maximum number of ordinary shares that may be issued under the Share Option Scheme is 362,880,000, representing 10% of the issued ordinary shares as of the report date[167]. - No share options have been granted under the Share Option Scheme since its adoption on November 24, 2011[167]. - The Company has not purchased, sold, or redeemed any of its listed securities during the Review Period[167]. Trading Status - The Company has been suspended from trading since November 24, 2017, under the direction of the Securities and Futures Commission of Hong Kong and will remain suspended until further notice[187]. - The Company continues to communicate with the SFC to address concerns and aims for a resumption of trading as soon as possible, with the resumption application still pending[190].