Economic Environment - The company reported a challenging global economic environment in 2024, with ongoing geopolitical tensions and supply chain disruptions impacting recovery efforts[8]. - The company reported a decline in consumer confidence in China, influenced by the ongoing real estate debt crisis and the depreciation of the Renminbi against the US dollar[8]. - The company anticipates that the global economy in 2025 will be influenced by geopolitical tensions, trade relations, inflation, and rapid digital transformation[9]. Operational Strategy - The company aims to enhance operational efficiency by focusing on cost reduction and budget management, which is expected to improve profitability[9]. - The company plans to integrate artificial intelligence technology into its operations to adapt to the rapidly changing business environment and improve customer service[10]. - The company plans to leverage artificial intelligence and big data analytics to enhance service offerings and improve operational efficiency in response to market changes[20]. - The company is committed to strengthening post-loan management and optimizing collateral portfolios to enhance capital strength and risk management capabilities[9]. - The company emphasizes the importance of maintaining compliance and enhancing internal controls to manage risks effectively[9]. Financial Performance - Total revenue for the year ended December 31, 2024, was approximately HKD 18,863,000, a decrease of about HKD 17,370,000 compared to HKD 36,233,000 in 2023, primarily due to reduced interest income from short-term financing services in China[14]. - The expected credit loss provision for customer loans increased to approximately HKD 5,257,000, up about HKD 2,650,000 from HKD 2,607,000 in 2023, attributed to challenging market conditions in the short-term financing service sector in China[15]. - Administrative and other expenses decreased from approximately HKD 29,302,000 in 2023 to about HKD 23,172,000 in 2024, reflecting effective cost control measures implemented by the company[15]. - Financial costs decreased by approximately HKD 7,343,000 to about HKD 8,148,000 in 2024, down from HKD 15,491,000 in 2023, mainly due to the redemption of convertible bonds[16]. - The company recorded a pre-tax profit of approximately HKD 5,015,000 from short-term financing services, down from HKD 21,056,000 in 2023, primarily due to the significant revenue decline[19]. Debt and Cash Management - As of December 31, 2024, the company's debt-to-equity ratio was approximately 1.9, down from 2.2 in 2023, indicating improved financial stability[21]. - Cash and cash equivalents amounted to approximately HKD 72,243,000 as of December 31, 2024, down from HKD 93,183,000 in 2023, reflecting the need for ongoing cash flow management[21]. - The company anticipates utilizing internal cash flow and external fundraising activities to meet future cash flow requirements[21]. - The company issued new promissory notes amounting to HKD 13,650,000 to repay the outstanding principal of HKD 13,000,000 and a redemption premium of HKD 650,000 for the convertible bonds maturing on December 24, 2023[25]. - The company raised approximately HKD 7,800,000 from the placement of 15,640,000 shares at a price of HKD 0.5 per share, with a net amount of approximately HKD 7,500,000 after expenses[31]. Environmental and Social Responsibility - The company is committed to environmental and social responsibilities as part of its strategy to create value for stakeholders[48]. - The company aims to reduce greenhouse gas emissions and improve waste management as part of its environmental goals[49]. - The company has established a dedicated ESG working group to enhance transparency and accountability in its environmental, social, and governance practices[50]. - Stakeholder engagement is crucial for the company to identify significant ESG issues and set actionable goals[51]. - The company emphasizes compliance with environmental and social laws and regulations as part of its operational strategy[52]. Employee Management - The total number of employees as of December 31, 2024, is 39, unchanged from 2023[89]. - The employee turnover rate for 2024 is 15%, a significant decrease from 54% in 2023[96]. - The company has established employment policies that include equal opportunities and anti-discrimination measures, ensuring a fair workplace environment[86]. - The company provides competitive compensation and regularly reviews it to align with the job market[87]. - The company has implemented internal policies for employee training and development to enhance skills and knowledge[109]. Corporate Governance - The board of directors believes that sound corporate governance practices are essential for the company's sustainable development and the protection of stakeholder interests[140]. - The company has complied with all provisions of the corporate governance code as outlined in the GEM Listing Rules Appendix C1 during the fiscal year ending December 31, 2024[140]. - The board consists of six directors, including three executive directors and three independent non-executive directors[142]. - The company has established mechanisms to ensure the board can obtain independent opinions, enhancing its independence and effectiveness[151]. - The company is committed to providing transparent and timely financial information to stakeholders in accordance with GEM listing rules[185].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 18,863,000, a decrease of 48.1% compared to HKD 36,233,000 in 2023[5] - Other income and gains for the same period were HKD 5,177,000, down 48.3% from HKD 10,017,000 in the previous year[5] - Loss before tax for the year was HKD 16,753,000, compared to a loss of HKD 1,617,000 in 2023, representing a significant increase in losses[5] - The net loss for the year was HKD 19,786,000, which is a 115.5% increase from HKD 9,196,000 in the previous year[5] - Basic loss per share for the year was HKD 18.63, compared to HKD 12.18 in 2023, reflecting a 53.7% increase in loss per share[5] - Customer loan interest income for 2024 was HKD 9,163 thousand, down from HKD 36,233 thousand in 2023, indicating a decrease of 74.7%[29] - The group reported a net loss before tax, with significant finance costs and employee expenses contributing to the overall financial performance[30] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 117,753,000, down 36% from HKD 183,950,000 in 2023[7] - Current liabilities decreased to HKD 74,666,000 from HKD 127,570,000 in 2023, a reduction of 41.5%[8] - The company's net asset value decreased to HKD 72,148,000 from HKD 89,512,000, a decline of 19.4%[8] - The total amount of customer loans was HKD 153,890,000 in 2024, down from HKD 199,439,000 in 2023, indicating a significant contraction in lending activity[42] - The net amount of customer loans decreased from HKD 89,833,000 in 2023 to HKD 48,784,000 in 2024, reflecting a significant decline[42] Provisions and Expenses - The expected credit loss provision increased to HKD 5,257,000, up 101.5% from HKD 2,607,000 in 2023[5] - The company incurred a loss of HKD 8,819 thousand during the year, contributing to a cumulative loss of HKD 1,095,958 thousand[9] - The company expects to report a loss of HKD 16,905 thousand, which will further increase the cumulative loss to HKD 1,106,796 thousand[10] - Employee costs (excluding directors' remuneration) totaled HKD 13,643 thousand in 2024, slightly down from HKD 14,176 thousand in 2023, a decrease of 3.8%[30] - The company's administrative and other expenses decreased from approximately HKD 29,302,000 in 2023 to about HKD 23,172,000 in 2024, a reduction of approximately HKD 6,130,000[43] Share Capital and Equity - The issued share capital increased to HKD 938,000 from HKD 782,000, reflecting a growth of 19.9%[8] - For the year ended December 31, 2023, the company reported a total equity of HKD 89,512 thousand, down from HKD 101,315 thousand in the previous year, reflecting a decrease of approximately 11.6%[9] - The company issued new shares during the year, raising HKD 4,119 thousand through a placement[9] - The total net proceeds from the placement of 15,640,000 shares at HKD 0.5 per share amounted to approximately HKD 7,511,000, which was fully utilized to repay short-term debts[59] Taxation - The income tax expense for the year ended December 31, 2024, is HKD 3,033,000, a decrease of 60% from HKD 7,579,000 in 2023[35] - The company's deferred tax expense for the year ended December 31, 2024, is HKD 283,000, compared to a tax credit of HKD 1,084,000 in 2023[35] - The total income tax expense for the year includes withholding tax on dividends of HKD 1,629,000, slightly down from HKD 1,650,000 in 2023[35] Financial Stability - The debt-to-equity ratio improved to approximately 1.9 in 2024 from 2.2 in 2023, indicating better financial stability[48] - As of December 31, 2024, the company had no outstanding bank borrowings, maintaining a debt-free status compared to the previous year[51] - The company has no significant contingent liabilities as of December 31, 2024, similar to the previous year[64] Corporate Governance - The company has adhered to the GEM Listing Rules Appendix C1 Corporate Governance Code throughout the year ended December 31, 2024[69] - The company has adopted a code of conduct for directors' securities transactions equivalent to GEM Listing Rules 5.48 to 5.67, confirming compliance for the year ended December 31, 2024[70] - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2024, and provided recommendations to the board[71] - The external auditor confirmed that the financial figures in the announcement are consistent with the audited consolidated financial statements for the year ended December 31, 2024[72] Future Plans - The company plans to upgrade its service platform by incorporating technologies such as big data analytics and artificial intelligence to enhance operational efficiency and customer satisfaction[47] - The company aims to diversify its revenue sources by actively seeking potential merger and acquisition opportunities in China and/or Hong Kong[47]

Financial Performance - The company reported unaudited consolidated revenue of HKD 5,968,000 for the six months ended June 30, 2024, a decrease of 72.1% compared to HKD 21,466,000 in the same period of 2023[2]. - Other income and gains for the same period were HKD 3,820,000, down from HKD 4,485,000 year-on-year[2]. - The company incurred a loss before tax of HKD 9,779,000, compared to a profit of HKD 9,483,000 in the previous year[2]. - The net loss attributable to the owners of the company was HKD 12,030,000, a significant decline from a profit of HKD 2,822,000 in the prior year[2]. - Basic and diluted loss per share was HKD 29.53, compared to earnings of HKD 4.24 per share in the same period last year[2]. - The company recorded a net loss of 78,819 million for the six months ending June 30, 2024, compared to a loss of 89,423 million for the same period in 2023, indicating an improvement of about 12.5%[6]. - The total comprehensive income for the first half of 2024 was reported at (15,215) million, an improvement from (17,330) million in the previous year, indicating a positive trend[5]. - The company reported a loss attributable to shareholders of HKD 12,030,000 for the six months ended June 30, 2024, compared to a profit of HKD 2,822,000 for the same period in 2023[19]. Assets and Liabilities - Total assets decreased to HKD 144,232,000 as of June 30, 2024, from HKD 183,950,000 at the end of 2023[4]. - Current liabilities were reduced to HKD 97,249,000 from HKD 127,570,000 at the end of 2023[4]. - The company's net asset value decreased to HKD 77,434,000 from HKD 89,512,000 at the end of 2023[4]. - The company’s cash and cash equivalents stood at HKD 88,250,000, down from HKD 93,183,000 at the end of 2023[4]. - As of June 30, 2024, the total customer loans amounted to HKD 158,055,000, a decrease of 20.8% from HKD 199,439,000 as of December 31, 2023[24]. - The net amount of customer loans after loss provisions was HKD 54,735,000, down 39.2% from HKD 89,833,000 as of December 31, 2023[24]. - The company’s total cash and cash equivalents decreased by HKD 2,982,000 for the six months ended June 30, 2024, compared to a decrease of HKD 23,194,000 in 2023[7]. - As of June 30, 2024, the group had other debts of approximately HKD 88,465,000, down from HKD 113,796,000 as of December 31, 2023[58]. Cash Flow and Financing Activities - Operating cash generated for the six months ended June 30, 2024, was HKD 21,985,000, compared to HKD 12,524,000 for the same period in 2023, representing a 75.5% increase[7]. - Net cash generated from operating activities for the six months ended June 30, 2024, was HKD 18,707,000, up from HKD 9,939,000 in 2023, indicating an increase of 88.0%[7]. - The company reported a net cash outflow from financing activities of HKD 21,689,000 for the six months ended June 30, 2024, compared to HKD 35,508,000 in 2023, reflecting a 38.9% improvement[7]. - The company incurred a foreign exchange loss of HKD 1,951,000 for the six months ended June 30, 2024, compared to a loss of HKD 3,461,000 in 2023, indicating a 43.6% reduction in losses[7]. - The company received a loan of HKD 170,000 from a director during the financing activities for the six months ended June 30, 2024[7]. Employee and Operational Costs - Employee costs (excluding directors' remuneration) decreased to HKD 6,313,000 in the first half of 2024 from HKD 7,743,000 in the same period of 2023, a decline of about 18%[16]. - The company’s deferred tax expense for the first half of 2024 was HKD 918,000, compared to HKD 1,863,000 in the same period of 2023, indicating a reduction of approximately 51%[17]. - The income tax expense for the first half of 2024 was HKD 3,427,000, down from HKD 5,860,000 in the same period of 2023, reflecting a decrease of approximately 42%[17]. - The company has confirmed compliance with the GEM Listing Rules regarding securities trading standards by all directors during the interim period[73]. Market Strategy and Future Outlook - The company is focused on improving its financial performance and exploring new strategies for market expansion and product development[2]. - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the report[6]. - The company’s future outlook remains cautious, with a focus on improving operational efficiency and user engagement strategies[6]. - The company is exploring potential mergers and acquisitions to enhance its market position and diversify its offerings[6]. - The company plans to explore potential acquisition opportunities in China and/or Hong Kong to diversify revenue sources[55]. Share Capital and Equity - The average number of ordinary shares outstanding for the six months ended June 30, 2024, was 40,733,333 shares, down from 66,568,000 shares in the same period of 2023[20]. - The company completed a capital reorganization on February 23, 2023, reducing the par value of shares from HKD 1.00 to HKD 0.01, resulting in a total of 100,000,000,000 shares[45]. - The company issued 10,110,000 new shares at a placement price of HKD 0.42 per share on May 24, 2023, raising approximately HKD 4,246,000[46]. - A subsequent placement of 15,640,000 shares at HKD 0.50 per share was completed on March 14, 2024, generating around HKD 7,820,000[46]. - The equity portion at the end of the reporting period was HKD 8,510,000, down from HKD 10,769,000[41]. Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements, confirming compliance with applicable accounting standards and sufficient disclosure[77]. - The company has not engaged in any arrangements allowing directors or executives to benefit from purchasing shares or debt securities during the reporting period[69]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the interim period[76].

Financial Performance - The company reported unaudited revenue of HKD 5,968,000 for the six months ended June 30, 2024, a decrease of 72.1% compared to HKD 21,466,000 in the same period of 2023[4]. - Other income and gains for the same period were HKD 3,820,000, down from HKD 4,485,000, representing a decline of 14.8%[4]. - The loss before tax for the period was HKD 9,779,000, compared to a profit of HKD 9,483,000 in the prior year, marking a substantial shift in performance[4]. - The net loss attributable to owners of the company was HKD 12,030,000, contrasting with a profit of HKD 2,822,000 in the same period last year[4]. - The company reported a total comprehensive loss of HKD 17,330,000 for the period, compared to a total comprehensive income of HKD 7,981,000 in the previous year[5]. - For the six months ended June 30, 2024, the company reported a loss attributable to shareholders of HKD 12,030,000 compared to a profit of HKD 2,822,000 for the same period in 2023, indicating a significant decline in performance[24]. Assets and Liabilities - Total assets decreased to HKD 176,578,000 as of June 30, 2024, down from HKD 219,253,000 at the end of 2023, reflecting a decline of 19.4%[6][7]. - Current liabilities were reported at HKD 97,249,000, a decrease from HKD 127,570,000, indicating a reduction of 23.7%[7]. - The company's cash and cash equivalents stood at HKD 88,250,000, down from HKD 93,183,000, a decrease of 5.0%[6]. - The net asset value attributable to owners decreased to HKD 41,173,000 from HKD 51,136,000, representing a decline of 19.5%[7]. - As of June 30, 2024, the company's other debts amount to approximately HKD 88,465,000, down from HKD 113,796,000 as of December 31, 2023[58]. - The debt-to-equity ratio is approximately 2.1 as of June 30, 2024, down from 2.2 as of December 31, 2023[58]. Cash Flow and Operating Activities - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 18,707,000, an increase from HKD 9,939,000 in the previous year[11]. - The company reported a decrease in cash and cash equivalents of HKD 2,982,000 for the six months ended June 30, 2024, compared to a decrease of HKD 23,194,000 in the prior year[11]. - The company’s cash and cash equivalents at the end of the reporting period were HKD 88,250,000, up from HKD 78,503,000 in the previous year[11]. Credit Loss Provisions - The company incurred an expected credit loss provision of HKD 2,460,000, significantly reduced from HKD 7,452,000 in the previous year, indicating a 67.0% improvement[4]. - The expected credit loss provision for customer loans as of June 30, 2024, was HKD 103,320,000, representing approximately 65.4% of the total customer loans, compared to 55.0% as of December 31, 2023[34]. - The overdue loans exceeding 90 days amounted to HKD 111,332,000 as of June 30, 2024, an increase from HKD 106,435,000 as of December 31, 2023[32]. Employee Costs - Employee costs (excluding directors' remuneration) decreased to HKD 6,313,000 for the six months ended June 30, 2024, from HKD 7,743,000 in 2023, indicating an 18% reduction[20]. - As of June 30, 2024, the group employed 43 staff members, an increase from 39 staff members as of December 31, 2023[67]. Convertible Bonds and Debt Management - The company issued two series of zero-coupon convertible bonds totaling HKD 285,240,000, with maturity dates in December 2023 and August 2024, and a conversion price of HKD 0.05 per share[40]. - The company confirmed the issuance of new convertible bonds, which allowed for the early redemption of previous bonds, effectively restructuring its debt obligations[41]. - The company redeemed HKD 13,650,000 of the new 2022 convertible bonds through the issuance of acceptances, with a gain of approximately HKD 11,000 recognized in profit and loss[43]. - The effective interest rate for the new 2022 and 2023 convertible bonds ranges from 10.67% to 10.95%[44]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the interim period, ensuring compliance with applicable accounting standards and GEM Listing Rules[82]. - The company is committed to continuously improving its corporate governance practices and has adhered to all provisions of the GEM Listing Rules Appendix C1 during the interim period[81]. - The company has adopted a code of conduct for directors that is no less stringent than the GEM Listing Rules, confirming compliance during the interim period[77]. Future Outlook and Strategy - The company anticipates a challenging global economic environment in 2024 due to geopolitical issues and ongoing conflicts in Europe and the Middle East[55]. - The company plans to explore potential acquisition opportunities in China and/or Hong Kong to diversify revenue sources[55]. - The company aims to enhance market competitiveness and reduce customer acquisition costs while improving risk management[55].

Economic Environment - The global economic environment remains uncertain due to geopolitical tensions, including the prolonged Russia-Ukraine conflict, which has impacted economic recovery [8] - In 2023, the Chinese economy faced challenges with weak consumer confidence and a declining RMB against the USD, exacerbated by the debt crisis among real estate developers [9] - The outlook for 2024 indicates a challenging operating environment for short-term financing due to ongoing geopolitical issues and competition in the financial market [12] - The group anticipates a challenging global economic environment in 2024 due to geopolitical issues and competition in the financial market [25] Company Strategy and Performance - The company aims to maintain competitiveness by focusing on cost reduction, budget management, and enhancing internal controls to improve operational efficiency and profitability [10] - The company plans to explore new business opportunities and seek potential acquisition projects in China and/or Hong Kong to diversify revenue sources and create long-term sustainable value for shareholders [12] - The group plans to maintain a flexible lending strategy to enhance competitiveness in the challenging short-term financing market [25] - The group aims to explore new business opportunities and seek suitable potential acquisition projects in China and/or Hong Kong to diversify revenue sources [25] Financial Results - For the year ended December 31, 2023, the group recorded total revenue of approximately HKD 36,233,000, a decrease of about HKD 10,250,000 compared to HKD 46,483,000 in 2022 [16] - The group generated approximately HKD 9,392,000 from the settlement of non-performing loans, which was not recorded in the year ended December 31, 2023 [16] - Expected credit loss provisions for customer loans were approximately HKD 2,607,000, a decrease of about HKD 3,474,000 from HKD 6,081,000 in 2022 [17] - The fair value loss on financial assets measured at fair value through profit or loss was approximately HKD 190,000 for the year ended December 31, 2023, compared to an unrealized fair value loss of approximately HKD 8,562,000 in 2022 [18] - Financial costs decreased to approximately HKD 15,491,000 from HKD 25,678,000, a reduction of about HKD 10,187,000 [21] - The operating profit before tax for short-term financing services was approximately HKD 21,056,000, down from HKD 24,298,000 in 2022 [23] Debt and Equity - As of December 31, 2023, the group's other debts amounted to approximately HKD 113,796,000, a decrease from HKD 174,987,000 in 2022 [26] - The group's cash and cash equivalents were approximately HKD 93,183,000 as of December 31, 2023, down from HKD 105,158,000 in 2022 [26] - The debt-to-equity ratio improved to approximately 2.2 as of December 31, 2023, compared to 2.9 in 2022 [26] - The debt ratio was approximately 0.59 as of December 31, 2023, down from 0.66 in 2022 [26] Share Placement and Capital Structure - The company raised approximately HKD 4,119,000 from the placement of 10,110,000 shares at HKD 0.42 per share, completed on May 24, 2023 [36] - The proceeds from the share placement were fully utilized to repay short-term debts [38] - The company may adjust dividend amounts or issue new shares to maintain or adjust its capital structure [27] Employee and Workforce - The total employee cost (excluding directors' remuneration) for the year ended December 31, 2023, was approximately HKD 14,176,000, down from HKD 19,363,000 in 2022, reflecting a reduction in the number of employees from 49 to 39 [48] - As of December 31, 2023, the total number of employees in the group is 39, a decrease from 49 in 2022, indicating a stable human resources structure [112] - The employee turnover rate for females is 52% in 2023, up from 30% in 2022, while for males it is 56%, an increase from 41% [121] - The group had a total of 21 employees leave in 2023, representing 54% of the total turnover rate, compared to 35% in 2022 [121] - The number of full-time employees decreased from 45 in 2022 to 35 in 2023, while the number of part-time employees remained constant at 4 [113] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the group's performance in these areas for the year ending December 31, 2023 [61] - The group aims to integrate environmental and social factors into its business objectives, focusing on reducing greenhouse gas emissions and improving waste management [66] - Stakeholder engagement is crucial for defining the company's ESG strategy and setting priorities based on stakeholder feedback [68] - The company has established a dedicated ESG working group to enhance transparency and accountability in its operations [67] - The group is committed to minimizing its ecological impact and recognizes the importance of protecting the natural environment for human well-being [70] Training and Development - Total training hours provided to employees increased from 121.5 hours in 2022 to 320 hours in 2023, reflecting a significant rise [136] - The percentage of trained employees rose from 65% in 2022 to 82% in 2023 [136] - Average training hours per employee increased from 2 hours in 2022 to 8 hours in 2023 [136] - The percentage of trained female employees increased from 50% in 2022 to 53% in 2023, while trained male employees decreased from 50% to 47% [136] Corporate Governance - The company has adhered to the GEM Listing Rules and Corporate Governance Code, with a notable exception regarding the separation of the roles of Chairman and CEO, which has been maintained since December 1, 2015 [171] - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure [173] - The company has established a mechanism to ensure independent opinions are obtained for board decisions, with at least three independent non-executive directors on the board [183] - The independent non-executive directors have confirmed their independence annually, and the board has concluded that all meet the independence criteria set by GEM Listing Rules [182] - The board is responsible for overseeing the company's financial performance and strategic plans, including major transactions such as acquisitions and capital expenditures [180]

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 36,233,000, a decrease of 22% compared to HKD 46,483,000 in 2022[5] - The total loss for the year was HKD 9,196,000, compared to a loss of HKD 4,281,000 in the previous year, indicating a 115% increase in losses[6] - The company reported a loss of HKD 8,819,000 for the year ending December 31, 2023, compared to a loss of HKD 7,626,000 in the previous year, indicating an increase in losses of approximately 15.7%[13] - Total comprehensive expenses for the year amounted to HKD 15,030,000, which includes the annual loss and other comprehensive expenses[13] - The income tax expense increased to HKD 7,579,000 in 2023 from HKD 2,996,000 in 2022, reflecting a rise of 153.5%[41] - The total loss before tax was HKD 1,617,000 in 2023, compared to a loss of HKD 1,285,000 in 2022, indicating a worsening financial position[46] - The net loss attributable to shareholders for 2023 was HKD 8,819,000, compared to a loss of HKD 7,626,000 in 2022[49] Assets and Liabilities - The company's net assets decreased to HKD 89,512,000 from HKD 101,315,000, a decline of 12%[9] - Current assets dropped to HKD 183,950,000 from HKD 255,487,000, reflecting a decrease of 28%[8] - The total liabilities increased to HKD 127,570,000 from HKD 65,371,000, marking a significant rise of 95%[9] - The company's total equity, including non-controlling interests, was HKD 89,512,000 as of December 31, 2023, compared to HKD 101,315,000 at the start of the year, a decrease of approximately 11.8%[13] - The company's debt-to-equity ratio improved to approximately 2.2 as of December 31, 2023, compared to 2.9 in 2022[62] - The total liabilities amounted to approximately HKD 113,796,000 as of December 31, 2023, down from HKD 174,987,000 in 2022[60] Revenue Sources - Revenue from customer loan interest decreased to HKD 36,233,000 in 2023 from HKD 36,900,000 in 2022, representing a decline of 1.8%[37] - The company reported no revenue from external customers in Hong Kong for the year ended December 31, 2023[36] - Customer A contributed HKD 5,853,000 to the revenue in 2023, while Customer B contributed HKD 4,734,000, marking significant contributions from these clients[36] - Financial consulting income was not recognized in 2023, compared to HKD 191,000 in 2022, indicating a complete drop in this revenue stream[37] Expenses and Cost Management - Employee costs, excluding director remuneration, decreased to HKD 14,176,000 in 2023 from HKD 19,363,000 in 2022, a reduction of approximately 26.8%[39] - The actual interest expense on convertible bonds decreased significantly to HKD 15,320,000 in 2023 from HKD 25,485,000 in 2022, a decline of 39.9%[39] - Administrative and other expenses decreased from approximately HKD 35,767,000 in 2022 to about HKD 29,302,000 in 2023, primarily due to reduced employee costs[53] - The company experienced a decrease in bad debt asset settlement income, which was approximately HKD 9,392,000 in 2023, compared to previous recoveries in 2022[53] Credit and Risk Management - The expected credit loss provision decreased significantly to HKD 2,607,000 from HKD 6,081,000, representing a reduction of 57%[5] - The expected credit loss provision for customer loans was HKD 2,607,000 in 2023, down from HKD 6,081,000 in 2022, indicating improved credit quality[54] - The company has no significant contingent liabilities as of December 31, 2023[82] Shareholder and Capital Management - The company issued new shares during the year, raising HKD 4,119,000 through a placement[13] - The total amount raised from the placement of shares was approximately HKD 4,200,000, with a net amount of HKD 4,100,000 after expenses[72] - The actual net proceeds from the placement of 10,110,000 shares were approximately HKD 4,119,000, fully utilized to repay short-term debts[74] - The company’s share capital restructuring was approved on February 21, 2023, resulting in 63,091,461 issued consolidated shares[86] Future Outlook and Strategy - The company plans to explore new business opportunities and actively seek suitable potential acquisition projects in China and/or Hong Kong[59] - The company anticipates that the global economic environment will remain challenging in 2024 due to geopolitical issues and ongoing recovery from the pandemic in China and Hong Kong[59] - The company aims to enhance market competitiveness, reduce customer acquisition costs, and improve risk management[59] Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with GEM listing rules[17] - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO, which is currently held by the same individual[94] - The company’s audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2023, and recommended them for board approval[97] - The company’s external auditor confirmed that the financial figures in the announcement are consistent with the audited consolidated financial statements[98]

Financial Performance - For the three months ended September 30, 2023, the company reported total revenue of HKD 4,200,000, a decrease of 37% compared to HKD 6,657,000 for the same period in 2022[4] - The net loss for the three months ended September 30, 2023, was HKD 5,662,000, compared to a profit of HKD 22,421,000 in the same period last year[5] - For the nine months ended September 30, 2023, total revenue was HKD 25,666,000, down 18% from HKD 31,215,000 in the prior year[4] - The total comprehensive loss for the three months ended September 30, 2023, was HKD 6,882,000, compared to a comprehensive income of HKD 4,065,000 in the same period last year[5] - The company reported a loss of HKD 7,030,000 for the period, contributing to a total comprehensive expense of HKD 35,312,000[9] - The company recorded a loss attributable to shareholders of approximately HKD 2,473,000 for the nine months ended September 30, 2023, a decrease from HKD 7,030,000 in the same period last year[42] Revenue and Income - For the three months ended September 30, 2023, customer loan interest income was HKD 4,200,000, a decrease of 36.7% from HKD 6,630,000 in the same period of 2022[21] - For the nine months ended September 30, 2023, customer loan interest income increased by 19.4% to HKD 25,666,000 from HKD 21,451,000 in the same period of 2022[21] - The total revenue for the three months ended September 30, 2023, was HKD 4,200,000, down from HKD 6,657,000 in the same period of 2022, reflecting a decline of 37.0%[21] - The total revenue for the nine months ended September 30, 2023, was HKD 25,666,000, compared to HKD 31,215,000 in the same period of 2022, representing a decrease of 17.8%[21] Expenses and Costs - The company recorded a financial cost of HKD 3,571,000 for the three months ended September 30, 2023, compared to HKD 5,714,000 in the same period of 2022, reflecting a decrease of 37%[4] - The company reported a significant increase in administrative and other expenses, totaling HKD 5,448,000 for the three months ended September 30, 2023, compared to HKD 6,848,000 in the same period of 2022[4] - Employee costs (excluding directors' remuneration) for the nine months ended September 30, 2023, were HKD 9,508,000, down 12.6% from HKD 10,880,000 in the same period of 2022[29] - The actual interest expenses for convertible bonds for the three months ended September 30, 2023, were HKD 3,536,000, a decrease of 37.5% compared to HKD 5,666,000 in the same period of 2022[28] - The actual interest expenses for lease liabilities for the nine months ended September 30, 2023, were HKD 120,000, a decrease from HKD 151,000 in the same period of 2022[28] Equity and Liabilities - The company’s total equity attributable to owners as of September 30, 2023, was HKD 56,393,000, a decrease from HKD 60,250,000 at the beginning of the year[7] - The group’s total liabilities related to bonds and convertible bonds were approximately HKD 288,598,000 as of the reporting date[27] - The company’s accumulated losses reached HKD 1,094,230,000, indicating ongoing challenges in profitability[9] Strategic Focus and Future Outlook - The company has indicated a focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[4] - The company anticipates a challenging global economic environment due to ongoing inflation and geopolitical tensions, particularly in relation to the US-China political situation[43] - The company plans to maintain market competitiveness and seek long-term business development and profit growth opportunities, focusing on diversifying revenue sources[43] Share Capital and Securities - The company completed a share capital reorganization on February 23, 2023, reducing the par value of shares from HKD 1.0 to HKD 0.01, which aims to provide greater flexibility for future fundraising activities[48] - The company raised approximately HKD 4,200,000 from the placement of 10,110,000 shares at HKD 0.42 per share, with net proceeds of about HKD 4,100,000 after expenses[51] - As of September 30, 2023, the company has a total of 78,201,461 shares issued, with key shareholders holding significant stakes, including Mr. Meng Chang Le with 16.62% (13,000,000 shares) and Mr. Zhang Wei with 8.01% (6,268,896 shares)[55] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements, confirming compliance with applicable accounting standards and sufficient disclosure[64] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[61] - The company has not engaged in any arrangements allowing directors or executives to benefit from purchasing shares or debt securities during the reporting period[57]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，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佈全部或任何部分內容而產生或因 依賴該等內容而引致之任何損失承擔任何責任。 Capital Finance Holdings Limited 首都金融控股有限公司 （於開曼群島註冊成立及於百慕達存續之有限公司） 8239 （ 股份代號： ） 第三季業績公佈 截至二零二三年九月三十日止九個月 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 之定位，乃為相比起其他於聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮 後方作出投資決定。 GEM GEM 由於在 上市之公司通常為中小型公司，在 買賣之證券可能會較於主板買賣之證券 GEM 承受較大之市場波動風險，同時無法保證在 買賣之證券會有高流通量之市場。 GEM GEM 本公佈乃遵照聯交所 證券上市規則（「 上市規則」）之規定提供有關首都金融控股有 ...

Interim Report 2023 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他於聯交所上市之公司帶有較高投資風險之中小型公司提供 一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳 之考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司以及聯交所對本報告之內容概不負責，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報告全部或任何部分內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「 GEM上市規則」）之規定提供有關首都金融控 股有限公司（「本公司」）之資料。本公司董事（「董事」）願共同及個別對此負全責。董事經作 出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確完 整，且無誤導或欺詐成分，本報告亦無遺漏任何其他事實，致使本報告所載任何聲明或本 報告產生誤導。 1 首都金融控股有限公司 中期報告 2023 本 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 Capital Finance Holdings Limited 首都金融控股有限公司 （於開曼群島註冊成立及於百慕達存續之有限公司） 8239 （ 股份代號： ） 中期業績公佈 截至二零二三年六月三十日止六個月 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 之定位，乃為相比起其他於聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮 後方作出投資決定。 GEM GEM 由於 上市公司一般為中小型公司，在 買賣之證券可能會較於主板買賣之證券承受 GEM 較大之市場波動風險，同時無法保證在 買賣之證券會有高流通量之市場。 GEM GEM ...