Financial Performance - For the six months ended June 30, 2019, the Group reported revenue of HK$5,736,405, a decrease of 6.7% compared to HK$6,144,420 for the same period in 2018[9]. - The gross profit for the six months ended June 30, 2019, was HK$960,167, representing a decline of 30.9% from HK$1,388,972 in 2018[9]. - The loss before taxation for the six months ended June 30, 2019, was HK$16,443,530, compared to a loss of HK$12,030,698 for the same period in 2018, indicating a worsening of 36.5%[9]. - The total comprehensive expenses for the period amounted to HK$16,329,750, an increase of 19.0% from HK$13,711,585 in 2018[11]. - The loss attributable to owners of the Company for continuing operations was HK$15,930,014 for the six months ended June 30, 2019, compared to HK$12,043,314 in 2018, reflecting a 32.4% increase[11]. - The company reported a loss of HK$15,624,357 for the six months ended June 30, 2019, compared to a loss of HK$12,990,672 in the same period of 2018, indicating an increase in losses of approximately 20%[17]. - The loss attributable to owners for the six months was HK$15,930,014, compared to HK$12,043,314 in the previous year[79]. Expenses and Costs - Operating expenses for the six months ended June 30, 2019, were HK$11,868,333, down from HK$13,790,443 in 2018, a decrease of 13.9%[9]. - The Group's other income for the six months ended June 30, 2019, was HK$2,901, a significant drop from HK$13,783 in 2018[9]. - The finance costs for the six months ended June 30, 2019, were HK$685,149, compared to HK$2,813 in 2018, indicating a substantial increase[9]. - The equity-settled share-based payment for the period was HK$688,354, reflecting ongoing investment in employee compensation[18]. - The company incurred an impairment loss of HK$4,819,000 on loan receivables and refundable deposits[46]. Assets and Liabilities - As of June 30, 2019, non-current assets totaled HK$7,732,176, a decrease from HK$22,998,591 as of December 31, 2018[14]. - The net current assets increased to HK$5,145,262 as of June 30, 2019, compared to HK$1,844,123 at the end of 2018, reflecting improved liquidity[15]. - Total equity attributable to owners of the Company decreased to HK$12,445,271 as of June 30, 2019, down from HK$27,464,806 at the end of 2018, indicating a significant reduction in shareholder equity[15]. - Current liabilities decreased to HK$19,265,397 as of June 30, 2019, from HK$21,252,108 at the end of 2018, suggesting a reduction in short-term obligations[14]. - The total assets less current liabilities were HK$12,877,438 as of June 30, 2019, down from HK$24,842,714 at the end of 2018, reflecting a decline in overall asset value[15]. - The company has goodwill valued at HK$1,399,146 as of June 30, 2019, unchanged from December 31, 2018, indicating stability in this asset category[14]. - The consolidated assets decreased to HK$32,142,835 from HK$46,094,822, indicating a decline of 30.2%[56]. Cash Flow - The net cash used in operating activities was HK$8,650,310, a significant improvement compared to HK$27,237,082 in the previous year, reflecting a reduction of approximately 68%[18]. - The company incurred a net cash outflow of approximately HK$10,320,428 for the six months ended June 30, 2019, compared to HK$18,868,505 in the same period of 2018, showing a decrease of about 45%[19]. - Cash and cash equivalents decreased to HK$2,528,090 as of June 30, 2019, down from HK$23,084,765 at the end of the previous year, representing a decline of approximately 89%[19]. Shareholder Information - Mr. Tang Yau Sing holds 194,662,700 shares, representing 45.06% of the total shareholding[170]. - As of June 30, 2019, the company has a total of 432,000,000 shares issued[175]. - Shareholder Value Fund and CM Asset Management each hold 128,440,800 shares, accounting for 29.73% of the shareholding[182]. - The company completed a share consolidation on February 20, 2019, consolidating every 20 existing shares of HK$0.001 into one share of HK$0.20[178]. - The total number of share options held by directors as of June 30, 2019, is 360,000[177]. Business Operations - The mobile app business segment was disposed of during the current period, and its results are not included in the segment information[40]. - The Group will focus on the development of its remaining businesses and seek opportunities to diversify its operations[111]. - The company completed the disposal of its 51% equity interest in Qihui Group, which was primarily involved in mobile app development, marking it as a discontinued operation[71]. Governance and Compliance - The company has adopted a code of conduct for securities transactions by directors, confirming compliance during the reporting period[1]. - The directors are not aware of any competing business interests that conflict with the company's operations as of June 30, 2019[1]. - The company has complied with the Corporate Governance Code for the reporting period, except for Code Provision A.2.1[1].

Financial Performance - For the three months ended March 31, 2019, the Group reported revenue of HK$1,129,935, an increase of 18.4% compared to HK$954,638 in the same period of 2018[8] - The cost of sales for the same period was HK$1,085,367, resulting in a gross profit of HK$44,568, a significant decrease from HK$493,707 in 2018[8] - The loss before tax for the period was HK$6,437,775, compared to a loss of HK$4,715,116 in the previous year, indicating a deterioration in financial performance[9] - The total comprehensive expense for the period was HK$6,665,691, slightly higher than HK$6,270,027 in the same period of 2018[9] - The loss attributable to the owners of the Company for continuing operations was HK$5,936,022, compared to HK$4,715,116 in 2018, reflecting a 25.8% increase in losses[12] - The basic and diluted loss per share for the period was HK$1.38, compared to HK$1.25 in the previous year, indicating a worsening loss per share[12] - The Group incurred finance costs of HK$300,000 during the period, which was not present in the previous year[8] - Other income decreased to HK$2,475 from HK$14,467 in the same period of 2018, showing a decline of 82.9%[8] - The operating expenses increased to HK$6,150,778 from HK$5,353,060, representing a rise of 14.8% year-on-year[8] - The Group's accumulated losses increased to HK$85,503,633 as of 31 March 2019, compared to HK$79,551,848 at the beginning of the year[13] Discontinued Operations - The Group's loss for discontinued operations was HK$30,909, a significant reduction from HK$1,353,888 in the previous year, indicating improved performance in this segment[9] - The Group disposed of its 51% equity interest in Qihui Group (International) Limited in April 2019, classifying it as a discontinued operation[33] - The Group completed the disposal of 51% equity interest in Qihui Group (International) Limited, resulting in the discontinuation of the mobile apps business[48] Equity and Share Information - The Group's total equity as of 31 March 2019 was HK$21,987,362, down from HK$27,464,806 at the beginning of the year[13] - The Group's non-controlling interest decreased to HK$3,232,190 as of 31 March 2019, compared to HK$2,622,092 at the beginning of the year[13] - As of March 31, 2019, the company had a total of 432,000,000 shares issued[75] - Mr. Tang Yau Sing holds an interest in 194,662,700 shares, representing 45.06% of the company's shareholding[70] - The company granted a total of 148,800,000 share options under its share option scheme, which were consolidated to 7,440,000 options following a share consolidation approved on February 19, 2019[65] - The share options held by directors as of March 31, 2019, totaled 360,000 for each of the directors listed, with an exercise price of HK$1.3 per share[77] - The company completed a share consolidation on February 20, 2019, consolidating every twenty existing shares into one share[78] - Shareholder Value Fund and CM Asset Management each hold 128,440,800 shares, representing approximately 29.73% of the Company's shares[86] - Noble Gate holds 194,662,700 shares, accounting for 45.06% of the Company's shares[86] - GF Securities (Hong Kong) Brokerage Limited and its affiliates have a combined interest in 341,103,500 shares, representing 78.96% of the Company's shares[87] Compliance and Governance - The Group's financial results were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRS) and GEM Listing Rules[16] - The Audit Committee reviewed the unaudited consolidated financial results for the three months ended March 31, 2019, prior to Board approval[98] - The consolidated financial results for the period have not been audited by the Company's auditor[100] - There were no competing business interests reported by Directors or controlling shareholders during the three months ended March 31, 2019[93] - No other persons had any interest or short position in the shares of the Company that required disclosure as of March 31, 2019[90] Dividends - No dividend has been paid or proposed by the Group for the three months ended March 31, 2019[37]

Financial Performance - The Group recorded a total revenue of approximately HK$17,000,000 for FY2018, representing a decrease of approximately 43% from HK$29,734,000 in FY2017[21] - The Group's total gross profit increased to HK$3,622,000 for FY2018, up approximately 22% from HK$2,976,000 in FY2017[21] - The net loss for the Group increased to approximately HK$38,681,000 in FY2018 from HK$16,977,000 in FY2017[21] - Loss per share for the Group was approximately HK0.43 cents for FY2018[21] - Total revenue decreased by approximately 43% from approximately HK$29,734,000 in 2017 to approximately HK$17,000,000 in 2018[40] - Revenue from the exhibition and trade show business amounted to HK$13,475,000, representing 79% of the total revenue[41] - Revenue from the magazines and advertising business decreased by approximately 94% to HK$1,311,000 due to the shrinking print media market[30] - Revenue from mobile apps development decreased by approximately 74% to HK$2,215,000[31] - Gross profit from the exhibition and trade show business was HK$4,318,000, while the magazines and advertising business incurred a gross loss of HK$953,000[44] - The Group's loss attributable to owners increased to approximately HK$37,464,000 for the year ended 31 December 2018, up from HK$21,241,000 in 2017, primarily due to increased operating expenses and impairment losses on trade and loan receivables[64] Business Acquisitions and Strategies - The Group acquired an exhibition and trade show business in March 2018, contributing to the increase in gross profit[14] - Subsequent to year-end, the Group entered into an agreement to acquire an associate engaged in online advertising and gaming, aimed at enriching investment portfolios[15] - The Group acquired 67% of the issued share capital of TBC to expand its exhibition and trade show business[23] - The Group acquired a 67% equity interest in to be Concepts Limited for HK$3.1 million in March 2018, aimed at broadening revenue sources[88] - The Group acquired 67% equity interest in Du Bi Planning Limited for HK$3,100,000 in March 2018, which is expected to expand the Group's revenue sources[94] - The Group aims to explore suitable business opportunities to maximize returns for shareholders and investors[15] - The Group plans to proactively identify new business opportunities to broaden its existing businesses and enhance growth[32] Operating Expenses and Financial Health - Operating expenses increased by approximately 57% from HK$20,267,000 in 2017 to HK$31,856,000 in 2018, primarily due to share options and increased staff costs[51] - Operating expenses rose by approximately 57% from HK$20,267,000 in 2017 to HK$31,856,000 in 2018, driven by stock options granted to consultants and increased employee costs[57] - Finance costs decreased significantly to approximately HK$121,000 in 2018 from HK$2,202,000 in 2017, mainly due to the absence of imputed interest on promissory notes[54] - The Group recognized an impairment loss of HK$9,627,000 on loan receivables as of 31 December 2018[53] - The current ratio dropped to approximately 1.1 times as of 31 December 2018, compared to 7.9 times in 2017, indicating a decline in liquidity[70] - Cash and cash equivalents decreased to approximately HK$10,687,000 in 2018 from HK$41,955,000 in 2017[71] - The gearing ratio increased to approximately 52% as of 31 December 2018, compared to 0% in 2017, reflecting a rise in total borrowings[75] - Trade receivables decreased from approximately HK$3,658,000 in 2017 to approximately HK$2,359,000 in 2018, but the trade receivable turnover days increased from approximately 45 days to 51 days[76] Dividend and Reserves - The Directors do not recommend the payment of a final dividend for FY2018[21] - The Group's reserves available for distribution to shareholders as of December 31, 2018, amounted to approximately HK$10,059,872[187] - As of December 31, 2018, the distributable reserves available to shareholders were approximately HKD 10,059,872[193] Risk Management and Internal Controls - The Group's credit risk concentration was 24% from the largest customer and 73% from the largest five customers as of the reporting period[120] - The group has implemented a credit policy to monitor credit risks associated with trade and other receivables[124] - The credit risk is primarily influenced by the individual characteristics of customers, with lower impact from the default risk of the industries in which they operate[124] - The management regularly assesses the financial status of major customers to mitigate credit risks[124] - The company does not require collateral for its financial assets[124] - The management believes that the concentrated credit risk will not pose significant default risk to the group[124] - The Group's liquidity policy involves regular monitoring of liquidity requirements to maintain sufficient cash and funding lines[122] - The Group's risk management framework includes risk identification, assessment, treatment, and monitoring[102] - The group has a policy of regularly monitoring current and expected working capital requirements[126] Corporate Governance and Management - Mr. Tse has over 25 years of experience in auditing, accounting, and finance, having worked in various international accounting firms and listed companies[152] - Mr. Tse served as Chief Financial Officer and Company Secretary of Vinda International Holdings Limited from April 2007 to September 2013[149] - Mr. Tse is currently an executive director and Chief Financial Officer of China Information Technology Development Limited, listed on GEM[153] - Mr. Tse was an independent non-executive director of Sunac China Holdings Limited from December 2012 to December 2017, which faced censure for misleading announcements[158] - During his tenure at Greens Holdings Ltd., the company filed for winding up due to inability to repay debts[157] - Mr. Tse confirmed no wrongful acts on his part leading to the winding up petitions during his directorship at Greens[157] - Mr. Tse is a fellow member of the Association of Chartered Certified Accountants in the UK and a member of the Hong Kong Institute of Certified Public Accountants[152] - Mr. Tse has been involved in significant corporate financing transactions, including IPOs and mergers[149] - Mr. Tse's current roles include serving as an independent non-executive director for several companies listed on the Stock Exchange[155] - Mr. Tse graduated with a bachelor's degree in social sciences from the University of Hong Kong in December 1989[152] Environmental, Social, and Governance (ESG) Initiatives - The Group's business operations focused on minimizing environmental damage and ensuring employee wellbeing, with no recorded non-compliance in environmental and social aspects[176] - Stakeholder engagement raised concerns on key issues including employee health and safety, labor standards, intellectual property rights, customer data protection, and anti-corruption[176] - The Group will publish an Environmental, Social and Governance Report within three months after the annual report, detailing compliance with relevant laws and regulations[177] - The Group's continuous efforts in business operations aim to reduce environmental impact and enhance governance management[176] Summary and Reporting - The Board is pleased to present the audited consolidated financial statements for the year ended December 31, 2018[173] - The summary of the Group's results, assets, and liabilities for the last five financial years is provided on page 176 of the annual report[184] - The Group's management discussion and analysis includes an analysis of performance using key financial performance indicators[175] - Sales to the Group's five largest customers accounted for approximately 52% of total sales for the year, with the largest customer contributing about 25%[199] - Purchases from the Group's five largest suppliers represented approximately 54% of total purchases for the year, with the largest supplier accounting for about 19%[199]