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 ...

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 ...

Financial Performance - For the nine months ended September 30, 2022, the Group reported revenue of HK$41,662,304, a decrease of 7.3% compared to HK$42,839,032 for the same period in 2021[7]. - The Group incurred a loss from operations of HK$1,426,705 for the nine months ended September 30, 2022, compared to a profit of HK$1,079,588 in the same period of 2021[7]. - The loss before tax for the nine months ended September 30, 2022, was HK$1,932,913, a significant decline from a profit of HK$391,650 in the corresponding period of 2021[7]. - The total comprehensive loss attributable to the owners of the Company for the period was HK$692,374, compared to a profit of HK$7,739,220 in the same period of 2021[7]. - Basic loss per share for the nine months ended September 30, 2022, was HK$0.02, compared to earnings of HK$1.35 per share in the same period of 2021[7]. - The Group reported a net loss before tax of HK$12,973,643 for the three months ended September 30, 2022, compared to a loss of HK$79,872,882 in the same period of 2021[30]. - The Group recorded an unaudited consolidated loss attributable to owners of approximately HK$0.69 million for the Review Period, significantly improved from a loss of approximately HK$7.74 million in the corresponding period in 2021, primarily due to a significant decrease in income tax expense[79]. Expenses and Costs - The Group's administrative expenses for the nine months ended September 30, 2022, amounted to HK$10,237,725, slightly improved from HK$10,942,619 in the same period of 2021[7]. - The Group's other operating expenses for the nine months ended September 30, 2022, totaled HK$15,535,506, compared to HK$8,203,463 in the same period of 2021[7]. - The total finance costs for the three months ended September 30, 2022, were HK$105,869, while for the nine months, they were HK$506,208, compared to HK$229,559 and HK$687,938 in 2021, respectively[27]. - Finance costs for the Review Period were recorded at approximately HK$0.51 million, compared to approximately HK$0.69 million for the same period in 2021, reflecting a decrease in interest expenses[79]. - Other operating expenses decreased to approximately HK$8.20 million for the Review Period, down from approximately HK$11.91 million in the corresponding period in 2021, mainly due to a reduction in legal and professional fees and debt recovery agency service fees[77][78]. Impairment and Recovery - The Group recognized an impairment loss on loans receivables of HK$20,418,495 for the nine months ended September 30, 2022, compared to HK$16,023,473 in the same period of 2021[7]. - The impairment loss on loans receivables for the nine months ended September 30, 2022, was HK$5,282,699, compared to HK$5,384,976 in 2021, indicating a slight improvement[30]. - The increase in reversal of impairment loss was mainly due to recovery of impairment allowances and significant improvement in bad debt control[72]. - The Group performs collective assessment on impairment allowance for loans receivables at least quarterly, based on loan types and their credit risk characteristics[72]. Share Trading and Corporate Governance - As of the date of approval of these financial statements, the trading of shares of the Company remains suspended[12]. - Trading in the shares of the Company has been suspended since November 24, 2017, and will remain suspended until further notice[92]. - The Company is actively communicating with the Securities and Futures Commission (SFC) to address concerns and aims to resume trading of its shares as soon as possible, with the resumption application still pending[94]. - The audit committee consists of four independent non-executive directors, ensuring compliance with applicable accounting standards and GEM listing rules[97]. - The financial information presented has been reviewed and deemed to meet legal requirements and adequate disclosure standards[97]. Operational Environment and Strategy - The company continues to focus on money lending, providing both secured and unsecured loans, despite challenges posed by the COVID-19 pandemic[46]. - The operational environment has been significantly impacted by the fifth wave of COVID-19, affecting customer repayment capabilities[47]. - Most loan applications were processed online during the review period to ensure safety amid the pandemic[48]. - The company is committed to maintaining a prudent approach in loan assessments and monitoring repayment performance closely[48]. - The company is exploring further investment opportunities in listed securities, bonds, and debt instruments, considering market conditions[50]. - The company is actively controlling expenses through budget measures to mitigate the financial impact of the pandemic[49]. Other Income and Grants - Interest income from credit-impaired loans for the nine months ended September 30, 2022, was HK$29,272,326, a decrease of 4.9% from HK$30,771,356 in 2021[19]. - Government grants received amounted to HK$312,800 for the three months ended September 30, 2022, and HK$496,800 for the nine months, with no grants reported in the same periods of 2021[23]. - The Group's total other income for the nine months ended September 30, 2022, was HK$559,682, an increase from HK$425,410 in 2021[23]. - Other income increased from approximately HK$0.43 million to approximately HK$0.56 million, mainly due to government grants received under the Employment Support Scheme[61].

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]