Financial Performance - In the first fiscal quarter of 2020, the company reported corporate advisory income of approximately HKD 150,000, a decrease of 94.3% from HKD 2,640,000 in 2019[8]. - Interest income from lending activities was HKD 410,000, an increase of 10.8% compared to HKD 370,000 in 2019[8]. - The net investment income from fair value changes of financial assets was approximately HKD 830,000, a significant recovery from an investment loss of HKD 1,270,000 in 2019[8]. - Total operating expenses increased to approximately HKD 16,040,000, up 73.5% from HKD 9,240,000 in 2019, primarily due to project costs and increased employee expenses[8]. - The company reported a loss of approximately HKD 11,680,000 for the first fiscal quarter, compared to a loss of HKD 11,270,000 in 2019[8]. - Basic loss per share for the first fiscal quarter was HKD 0.33, slightly higher than HKD 0.32 in 2019[8]. - The total comprehensive loss for the period attributable to owners of the company was HKD 11,680,000, compared to HKD 11,271,000 in 2019[8]. - The company reported a total revenue of 150,000 HKD from corporate advisory services and 405,000 HKD from loan interest income for the three months ended June 30, 2020, compared to 2,638,000 HKD and 366,000 HKD respectively for the same period in 2019[39][40]. - The net loss attributable to the company's owners for the three months ended June 30, 2020, was 11,680,000 HKD, slightly higher than the 11,271,000 HKD loss reported in the same period of 2019[57]. - The company reported a total interest income of 2,972,000 HKD for the three months ended June 30, 2020, down from 3,520,000 HKD in the same period of 2019[48]. Dividends and Shareholder Information - The company did not recommend the payment of dividends for the first fiscal quarter of 2020, consistent with 2019[8]. - Major shareholders include Zhong Zhi Xin Zhuo Capital Company Limited, holding approximately 60.82% of the company's shares[74]. Foreign Exchange and Tax - The company experienced a foreign exchange loss of approximately HKD 160,000, a significant improvement from a loss of HKD 7,290,000 in 2019[8]. - The company incurred a tax loss of approximately 550,012,000 HKD as of June 30, 2020, which can be carried forward indefinitely[53]. Business Strategy and Acquisitions - The company is actively pursuing a potential acquisition of a public company in China that provides internet backend services and smart data solutions, which is expected to diversify its business and revenue sources[61]. - The company aims to diversify its business strategy, focusing on corporate consultancy and financing, which is expected to provide stable income[66]. - Potential acquisitions are being pursued to diversify the company's revenue sources and enhance shareholder value[66]. Audit and Compliance - The audit committee has been established in accordance with GEM listing rules and consists of three independent non-executive directors[80]. - The audit committee reviewed the Q1 financial statements and confirmed compliance with applicable accounting standards and adequate disclosures[81]. Impact of COVID-19 - The company’s financial performance was impacted by the COVID-19 pandemic, leading to delays or cancellations of financing plans by some potential clients[61].

Company Overview - ZZ Capital International Limited is an investment and corporate advisory services firm established in 2010 and listed on GEM of The Stock Exchange of Hong Kong Limited[16]. - The Group's principal operating subsidiary, ZZCI Corporate Finance Limited, is licensed for various regulated activities including dealing in securities and advising on corporate finance[16]. - A subsidiary, Asian Capital (Qianhai) Investment Management Limited, was established in 2016 and approved as a Qualified Foreign Limited Partnership by Shenzhen Municipal Government[17]. - The Group's wholly-owned subsidiary, ZZCI Credit Limited, holds a money lenders license, enhancing its financial services capabilities[18]. - The principal activity of the Company is investment holding, with subsidiaries engaged in corporate advisory services, investment advisory, and asset management services[149]. Financial Performance - The Group's revenue increased to approximately HK$16.97 million for the Year, up from HK$3.94 million in 2019[48]. - Net investment income for the Year was approximately HK$54.28 million, a significant recovery from a net investment loss of HK$84.99 million in 2019[51]. - The Group gained 3 new institutional customers in the investment advisory business, with income rising from HK$1.63 million to HK$15.02 million[39]. - Interest income from structured deposits was approximately HK$8.83 million, compared to nil in 2019[51]. - The Group's financial advisory service income amounted to HK$0.37 million, with 2 new institutional customers acquired during the Year[40]. - The Group's interest income from bank deposits decreased to approximately HK$5.32 million, down from HK$9.01 million in 2019[51]. - The Group's corporate advisory fee income increased to approximately HK$15.39 million, up from HK$1.63 million in 2019[48]. - The Group reported a profit of approximately HK$1.59 million for the year, a turnaround from a loss of approximately HK$284.71 million in the previous financial year[56]. - Basic and diluted earnings per share for the year were both approximately HK$0.04, compared to losses per share of HK$8.02 in 2019[56]. - Operating expenses decreased to approximately HK$64.39 million from HK$186.90 million in 2019, mainly due to reductions in staff costs, rental expenses, and professional fees[55]. Assets and Liabilities - As of March 31, 2020, the Group's net current assets were approximately HK$686.34 million, with a current ratio of approximately 37.22[64]. - Total liabilities increased to approximately HK$21.96 million from HK$9.70 million in 2019, primarily due to the recognition of lease liabilities under HKFRS 16[59]. - The Group's net asset value increased to approximately HK$709.89 million as of March 31, 2020, compared to HK$705.18 million in 2019, with a net asset value per share of approximately HK$19.99[60]. - The Group maintained a nil gearing ratio as of March 31, 2020, indicating no borrowings, consistent with the previous year[65]. - As of March 31, 2020, the Group had no material contingent liabilities, consistent with the previous year[84]. Management and Governance - The Board of Directors collectively accepts full responsibility for the report's contents, ensuring compliance with the listing rules[9]. - The Group's leadership team includes directors with diverse backgrounds in finance, law, and management, contributing to a well-rounded governance structure[121]. - The Group's compliance and governance are overseen by experienced professionals, ensuring adherence to regulatory standards and best practices[122]. - The independent non-executive Directors play a crucial role in providing oversight and strategic guidance, enhancing the Group's accountability and transparency[128]. - The remuneration package for Mr. Niu Zhanbin increased from HK$1,800,000 to approximately HK$3,140,000 per annum effective from November 22, 2019[146]. - Mr. Niu Zhanbin ceased to act as Chief Executive Officer of the Company effective from March 26, 2020[146]. Strategic Initiatives - The Group aims to provide a diversified range of corporate advisory and asset management services[16]. - The Group is actively negotiating a potential acquisition of a public company in China, which aims to diversify its business and revenue sources[34]. - The Group plans to acquire a Target Company that provides internet back-office services, which may present new development opportunities despite the pandemic[104]. - The Group intends to improve operating conditions and efficiency through the acquisition of quality assets[108]. - The Group has implemented a new business strategy following an internal restructuring, leading to improved business results[159]. Operational Challenges - The COVID-19 pandemic has introduced uncertainties affecting the Group's business expansion and strategy[160]. - The Group is facing challenges related to talent retention and may not cover long-term capital expenditures and technology upgrades with future revenue[159]. - The Group has implemented a business continuity plan (BCP) to address operational challenges posed by the COVID-19 pandemic[152]. - The Group is actively managing risks and uncertainties related to operational sustainability[151]. Stakeholder Relations - The Group has maintained productive relationships with stakeholders, enhancing transparency and communication through its professional board and financial reports[180][185]. - The controlling shareholder has been supportive in growing the business while being mindful of all shareholders' interests[180]. Compliance and Environmental Policies - The Group has established adequate policies to ensure compliance with applicable laws and regulations, including a whistleblowing policy[174]. - The Group's environmental policies include green office practices and resource conservation initiatives[167].

Financial Performance - For the third quarter of 2019, ZZ Capital International Limited reported corporate advisory income of HKD 3,640,000, a significant increase from HKD 480,000 in 2018[8] - Interest income from loan operations for the third quarter of 2019 was HKD 420,000, up from HKD 250,000 in the same period of 2018[8] - Interest income from bank deposits rose to approximately HKD 3,790,000 in the third quarter of 2019, compared to HKD 2,430,000 in 2018[8] - The total comprehensive loss for the third quarter of 2019 was HKD 7,624,000, a decrease from HKD 38,405,000 in the same quarter of 2018[11] - Operating expenses for the third quarter of 2019 decreased to HKD 15,690,000 from HKD 34,890,000 in 2018, primarily due to reduced employee costs and professional fees[8] - The basic loss per share for the nine months ended December 31, 2019, was HKD 0.76, compared to HKD 5.11 in the same period of 2018[8] - The total revenue for the nine months ended December 31, 2019, was HKD 12,748,000, up from HKD 758,000 in 2018[11] - The total comprehensive loss for the nine months ended December 31, 2019, was HKD 26,601,000, a reduction from HKD 181,814,000 in 2018[11] - The company recorded a total comprehensive loss of HKD 26,600,000 for the nine months ended December 31, 2019, down from HKD 181,810,000 in the same period of 2018[67] - Operating expenses for the nine months ended December 31, 2019, decreased to HKD 37,280,000 from HKD 176,050,000 in 2018, primarily due to reduced employee costs and project expenses[67] Revenue Sources - Investment advisory revenue for the three months ended December 31, 2019, was HKD 3,567,000, a significant increase from HKD 475,000 in the same period of 2018, representing a growth of 651%[26] - Total revenue for the nine months ended December 31, 2019, reached HKD 12,748,000, compared to HKD 758,000 for the same period in 2018, marking a substantial increase of 1,578%[26] - Loan interest income for the three months ended December 31, 2019, was HKD 418,000, up from HKD 253,000 in the same period of 2018, reflecting a growth of 65%[26] - Interest income from loan activities increased to HKD 420,000 for the third fiscal quarter of 2019, up from HKD 250,000 in 2018, and totaled HKD 1,170,000 for the nine months ended December 31, 2019, compared to HKD 280,000 in 2018[66] - Interest income from bank deposits rose to approximately HKD 10,830,000 for the nine months ended December 31, 2019, compared to HKD 5,940,000 in 2018[66] Shareholder Information - Zhong Zhi Xin Zhuo Capital Company Limited holds 60.82% of the company's shares, totaling 2,159,552,102 shares[78] - Xizang Kangbang Shengbo Enterprise Management Limited controls 73.66% of the company's shares, amounting to 2,615,372,627 shares[81] - The major shareholder structure indicates significant control by related parties, with multiple entities holding substantial stakes[83] - The total shares held by major shareholders reflect a concentrated ownership structure, which may impact corporate governance[84] - No other individuals were reported to have significant interests in the company's shares as of December 31, 2019, apart from disclosed parties[85] Corporate Strategy and Future Outlook - The company is pursuing a potential acquisition of a public company in China that provides internet backend services and smart data solutions, which is expected to diversify its business and revenue sources[63] - The company anticipates that the global economy and trade growth may improve in 2020, with expected GDP growth in mainland China around 6%[68] - The company aims to continue its diversified development strategy, focusing on corporate advisory and financing services to generate stable income[68] - The company plans to enter two new international markets by the end of the fiscal year, targeting an additional $2 billion in revenue[93] Audit and Compliance - The audit committee reviewed the third-quarter financial statements and confirmed compliance with applicable accounting standards[91] - The company has established an audit committee in accordance with GEM listing rules to oversee financial reporting and risk management[89] Investment and Market Activities - The group had no plans for investments in alternative investments during the reporting period[23] - The company is engaged in private equity investment, private placements, overseas mergers and acquisitions, which may compete with its business[88] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ending December 31, 2019[87] Product and Market Performance - The company reported a revenue of $18 billion for the quarter, reflecting a year-over-year increase of 10%[93] - User data showed an increase in active users to 150 million, representing a growth of 15% compared to the previous year[93] - The company provided guidance for the next quarter, expecting revenue to be between $19 billion and $20 billion, indicating a potential growth of 5% to 11%[93] - New product launches contributed to a 25% increase in sales, with the latest product line accounting for $4.5 billion in revenue[93] - The company invested $500 million in research and development for new technologies, aiming to enhance product features and user experience[93] - Market expansion efforts led to a 30% increase in sales in the Asia-Pacific region, contributing significantly to overall growth[93] - The company completed a strategic acquisition for $1 billion, expected to enhance its market position and product offerings[93] - A new marketing strategy was implemented, resulting in a 20% increase in customer engagement metrics[93] - The gross margin improved to 45%, up from 42% in the previous quarter, indicating better cost management[93]

Financial Performance - For the interim period of 2019, ZZ Capital International Limited reported investment advisory income of HKD 7,850,000, financial advisory income of HKD 100,000, and interest income from lending activities of HKD 750,000, compared to zero in 2018 for both advisory incomes [9]. - The company recorded a loss before tax of HKD 19,090,000 for the interim period, a substantial improvement from a loss of HKD 145,920,000 in the same period of 2018 [9]. - Total comprehensive loss for the second fiscal quarter of 2019 was HKD 8,050,000, down from HKD 38,730,000 in 2018, while the total comprehensive loss for the interim period was HKD 18,980,000, compared to HKD 143,410,000 in 2018 [9]. - The group reported a pre-tax loss of HKD 7,822,000 for the six months ended September 30, 2019, compared to a loss of HKD 143,256,000 for the same period in 2018 [102]. - The company reported a comprehensive loss of HKD 18,980,000 for the first half of 2019, compared to HKD 143,410,000 in the same period of 2018 [171]. Assets and Liabilities - As of September 30, 2019, total assets were approximately HKD 700,700,000, down from HKD 714,880,000 as of March 31, 2019 [9]. - The net asset value as of September 30, 2019, was approximately HKD 686,180,000, compared to HKD 705,180,000 as of March 31, 2019 [9]. - Total non-current liabilities amounted to 4,984 million HKD [18]. - Total current liabilities were 9,545 million HKD, a decrease from 9,702 million HKD [18]. - Net current assets stood at 663,010 million HKD, down from 685,988 million HKD [18]. Cash Flow - The company reported a net cash outflow from operating activities of 4,618 million HKD for the six months ended September 30, 2019 [23]. - Cash and cash equivalents decreased to 477,891 million HKD from 525,124 million HKD [24]. - The company generated a net cash inflow from investing activities of 9,650 million HKD [24]. - The group had cash and bank deposits of HKD 3,519,000 as of September 30, 2019, compared to HKD 2,930,000 as of March 31, 2019 [91]. - The company reported a bank balance and cash of HKD 296,637,000 as of September 30, 2019, compared to HKD 270,384,000 as of March 31, 2019, indicating an increase of approximately 9.8% [128]. Employee Expenses - The group reported employee benefit expenses of HKD 4,940,000 for the three months ended September 30, 2019, down from HKD 13,419,000 for the same period in 2018 [94]. - The total employee costs for the interim period were approximately HKD 9,950,000, significantly lower than HKD 64,470,000 in 2017 [180]. - The company’s short-term employee benefits amounted to HKD 1,888,000 for the three months ended September 30, 2019, down from HKD 4,366,000 in the same period of 2018 [139]. Dividends - The company did not recommend the payment of an interim dividend for the period, consistent with 2018 [9]. - The group did not recommend an interim dividend for the six months ended September 30, 2019, consistent with no dividend in 2018 [105]. - The board does not recommend the payment of an interim dividend for the 2019 interim period [192]. Accounting Policies - The company adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, impacting accounting policies [29]. - The company has adopted the new and revised Hong Kong Financial Reporting Standards, specifically HKFRS 16, which has led to significant changes in accounting policies related to leases [39]. - The cumulative impact of the initial application of HKFRS 16 was recognized on the first application date, April 1, 2019, without restating comparative information [60]. - The company will present right-of-use assets as a separate item in the consolidated statement of financial position [45]. Business Operations - The company’s business primarily focuses on providing corporate advisory and loan financing services [81]. - The company is pursuing a potential acquisition of a public company in China, which provides internet backend services and smart data solutions, to diversify its business and revenue sources [162]. - The group plans to enhance its corporate advisory and financing services, having already signed several service contracts expected to generate stable income in the second half of the year [189]. - The group has no plans for significant investments or acquisitions of capital assets, but will seek investment and lending opportunities to enhance profitability [187]. Investment Income - The group’s net investment (loss) income was a loss of HKD 179,000 for the three months ended September 30, 2019, compared to a net income of HKD 6,826,000 for the same period in 2018 [91]. - The company experienced a net investment loss of approximately HKD 1,330,000 for the first half of 2019, compared to a net income of HKD 7,410,000 in the same period of 2018 [167]. - Total revenue from investment advisory services was HKD 5,207,000 for the six months ended September 30, 2019, compared to HKD 8,693,000 for the same period in 2018 [86].

Financial Performance - In Q1 2019, ZZ Capital International Limited reported corporate advisory income of HKD 2,640,000, compared to zero in Q1 2018[9]. - Interest income from lending activities reached HKD 370,000 in Q1 2019, also compared to zero in the same period last year[9]. - The company incurred a net investment loss of approximately HKD 1,270,000 in Q1 2019, a decline from a net income of HKD 590,000 in Q1 2018[9]. - Interest income from bank deposits increased significantly to approximately HKD 3,520,000, up from HKD 580,000 in Q1 2018[9]. - The total comprehensive loss for Q1 2019 was HKD 10,920,000, a substantial decrease from HKD 104,680,000 in Q1 2018[9]. - Operating expenses were significantly reduced to HKD 9,240,000 in Q1 2019, down from HKD 102,400,000 in the same quarter of 2018[9]. - The basic loss per share for Q1 2019 was HKD 0.32, compared to HKD 2.94 in Q1 2018[9]. - The company experienced a net loss of HKD 11,271,000 for the first fiscal quarter of 2019, compared to a loss of HKD 104,417,000 in the same period of 2018[43]. - The company reported a fair value loss of HKD 1,273,000 on financial assets measured at fair value through profit or loss for the three months ended June 30, 2019[31]. Dividend Policy - The company did not recommend the payment of dividends for Q1 2019, consistent with the previous year[9]. - The company did not recommend any dividend payment for the first fiscal quarter of 2019, consistent with the previous year[44]. Asset Management - As of June 30, 2019, the net asset value was HKD 694,230,000, a slight decrease from HKD 705,180,000 as of March 31, 2019[9]. - The company’s tax losses amounted to approximately HKD 541,756,000 as of June 30, 2019, with no deferred tax asset recognized due to unpredictable future profits[42]. - The company’s basic loss per share for the first fiscal quarter of 2019 was calculated based on 3,550,496,836 shares, the same as in 2018[43]. Business Development - The company anticipates uncertainty in business opportunities in consulting, financing, and asset management due to the economic slowdown and trade tensions[60]. - The company aims to continue developing investment consulting and explore diversification opportunities[60]. - The company added three institutional clients in Q1 2019, contributing to improved business development[55]. Corporate Governance - The audit committee has reviewed the first-quarter financial statements, confirming compliance with applicable accounting standards[99]. - The company has a structured audit committee consisting of three independent non-executive directors[99]. - The company has disclosed all relevant information as required by the GEM listing rules[100]. Shareholder Information - The company holds a controlling interest of 73.66% in the shares, amounting to 2,615,372,627 shares[75]. - The major shareholders include Xizang Kangbang, Changzhou Jingjiang, and Zhongzhi Capital, each holding the same number of shares[75]. - The company is indirectly owned 73.66% by Zhongzhi Capital through its wholly-owned subsidiaries[98]. - The company does not foresee any competition or conflicts of interest with its major shareholders as of June 30, 2019[98]. Compliance and Accounting - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and the GEM Listing Rules[2]. - The company’s accounting policies remained consistent with those used in the annual financial statements for the year ended March 31, 2019[21]. - No purchases, sales, or redemptions of the company's listed securities occurred during the first fiscal quarter[95].

Company Overview - ZZ Capital International Limited is an investment and corporate investment advisory services firm headquartered in Hong Kong, listed on GEM of The Stock Exchange of Hong Kong Limited[13]. - The Group's principal operating subsidiary, ZZCI Corporate Finance Limited, is licensed for type 1, type 4, type 6, and type 9 regulated activities, providing a diversified range of corporate advisory and asset management services[15]. - The Group established a subsidiary in 2016, approved as a Qualified Foreign Limited Partnership, to enhance its business operations in Shenzhen[16]. - The Group's wholly-owned subsidiary, ZZCI Credit Limited, holds a money lenders license, allowing it to provide financing against marketable securities[17]. - The company was formerly known as Asian Capital Holdings Limited and changed its name following its acquisition by Zhongzhi Capital in 2016[14]. Financial Performance - The report includes a consolidated statement of profit or loss and other comprehensive income, which is essential for assessing the Group's financial performance[61]. - The report also features a consolidated statement of financial position, providing insights into the Group's assets and liabilities[62]. - The Group's five-year financial summary is included, offering a historical perspective on its financial performance[156]. - The Group reported a revenue of HK$1.63 million from corporate advisory services provided to four new institutional clients during the Year[45]. - The Group's revenue for the Year dropped to approximately HK$3.94 million, down from HK$246.45 million in 2018, primarily due to the expiration of the investment advisory and management agreement with Zhongzhi Capital[57][58]. - A net investment loss on financial assets amounted to approximately HK$84.99 million, compared to a net investment income of HK$6.28 million in the previous year, largely due to a fair value loss on convertible loan receivable[59][61]. - Interest income from bank deposits increased to approximately HK$9.01 million, up from HK$1.02 million in 2018[59][61]. - Operating expenses decreased to approximately HK$186.90 million from HK$229.24 million, with significant reductions in staff costs and rental expenses[60][62]. - The pre-tax loss for the Year was approximately HK$283.90 million, compared to a pre-tax profit of approximately HK$26.82 million in the last financial year[61][62]. - Total comprehensive loss for the Year amounted to approximately HK$285.23 million, compared to total comprehensive income of HK$18.17 million recorded in the last financial year[65][66]. Assets and Liabilities - The Group's net assets value decreased to approximately HK$705.18 million as at 31 March 2019, down from HK$990.41 million in 2018[67][69]. - The Group maintained net current assets of approximately HK$685.99 million as at 31 March 2019, compared to HK$508.70 million in 2018, with a current ratio of approximately 71.71[72]. - The Group had no borrowings, resulting in a nil gearing ratio as at 31 March 2019[73]. - The capital source of the Company comprises only ordinary shares, with total equity attributable to owners amounting to approximately HK$705.18 million as at 31 March 2019[75]. - The total equity attributable to owners as of March 31, 2019, was approximately HK$705.18 million, down from HK$990.41 million in 2018, primarily due to a decrease in retained earnings during the year[77]. - The Group's operating lease commitment decreased to HK$11.13 million as of March 31, 2019, from HK$100.99 million in the previous financial year, due to the termination of lease agreements in the US and UK[78]. - The Group had no material contingent liabilities as of March 31, 2019, consistent with the previous year[82]. Strategic Initiatives - The Company aims to leverage Hong Kong's geographical advantages under the Greater Bay Area plan to optimize resources and develop sustainable growth strategies[51]. - The Group actively adjusted its overseas strategy, focusing on project divestiture, team restructuring, and cost reduction due to the PRC government's foreign exchange policy[35]. - The Group plans to leverage its strategic location in Hong Kong and connectivity with Mainland China to diversify across geographies, sectors, and asset classes[87]. - The Group aims to pursue investment and lending opportunities to enhance profitability, despite having no plans for significant investments or acquisitions of capital assets[89]. - The Group's revenue improved in the second half of the year following the first stage of internal reorganization and new business strategy implementation[143]. Governance and Management - The Board of Directors confirms the accuracy and completeness of the information contained in the report, ensuring transparency for investors[6]. - The Group has engaged Corporate Governance Professionals Limited as its internal auditor to enhance corporate governance and internal control processes[50]. - The Group's governance structure was further improved with the appointment of a non-executive director in March 2019[43]. - The Company is focused on expanding its market presence and enhancing its investment strategies through experienced leadership[107]. - The management team includes professionals with advanced degrees from prestigious universities, enhancing the Company's governance and strategic direction[98][100]. - The Group has established a competitive remuneration structure to attract and retain talent, with no major recruitment or operational disruptions reported[158]. Risks and Challenges - The Group faced operational risks due to reliance on a significant external client, which impacted profitability during the Year[139]. - The Group is facing challenges related to talent retention and may not cover long-term capital expenditure and technology upgrades with future revenue[143]. - Compliance with relevant laws and regulations is a cornerstone of the Group's operations, with ongoing challenges due to changes in laws and regulations[151]. - The Group's operational flexibility is affected by China's capital control restrictions and exchange rate fluctuations between Renminbi and Hong Kong dollar[143]. - The Group's deposits with licensed banks in Hong Kong pose counterparty risks, although these are with well-capitalized institutions[145]. Shareholding Structure - As of March 31, 2019, Jinhui Capital Company Limited holds 2,159,552,102 shares, representing approximately 60.82% of the company's shareholding[198]. - Jinhui Capital Company Limited is identified as the beneficial owner of the shares held[198]. - Zhongzhi Capital (HK) Company Limited and Shenzhen Qianhai Zhongzhi Jinhui Investment Management Partnership also have interests in the same number of shares, indicating controlled corporation interests[198].

Financial Performance - For the third quarter of 2018, ZZ Capital International Limited reported investment consulting and management fee income of HKD 480,000, a significant decrease from HKD 224,940,000 in 2017[6]. - The company did not recognize any corporate advisory income for the nine months ended December 31, 2018, compared to HKD 16,150,000 in 2017[6]. - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 181,814,000, compared to a profit of HKD 81,130,000 in 2017[6]. - The basic loss per share for the nine months ended December 31, 2018, was HKD 5.11, compared to earnings of HKD 2.33 in 2017[6]. - The company reported a pre-tax loss of HKD 184,061,000 for the nine months ended December 31, 2018, compared to a profit in the previous year[22]. - The group reported a total loss of HKD 181,810,000 for the nine months ended December 31, 2018, compared to a profit of HKD 81,130,000 in 2017[51]. - The group reported a basic loss per share of HKD 0.0511 for the nine months ended December 31, 2018, compared to earnings of HKD 0.0233 in 2017[51]. Revenue and Income - The company's revenue for the three months ended December 31, 2018, was a loss of HKD 3,254,000, compared to revenue of HKD 225,997,000 for the same period in 2017[19]. - For the nine months ended December 31, 2018, the total revenue was a loss of HKD 8,009,000, down from HKD 250,717,000 in the previous year[19]. - Investment advisory and management income for the three months ended December 31, 2018, was HKD 475,000, significantly lower than HKD 224,941,000 in the same period of 2017[19]. - The total revenue and other losses for the nine months ended December 31, 2018, amounted to a loss of HKD 8,010,000, compared to revenue of HKD 250,720,000 in 2017[6]. Operating Expenses - Operating expenses for the third quarter of 2018 were HKD 34,890,000, down from HKD 62,390,000 in 2017, primarily due to significant reductions in professional fees and employee costs following layoffs in the US and UK[6]. - Operating expenses for the third fiscal quarter were HKD 34,890,000, down from HKD 62,390,000 in 2017, primarily due to significant reductions in professional fees and employee costs following office closures in the US and UK[50]. Tax and Equity - The tax credit for the nine months ended December 31, 2018, was HKD 2,640,000, compared to an expense of HKD 1,340,000 in 2017[6]. - As of December 31, 2018, the company's total equity attributable to ordinary shareholders was HKD 808,600,000, down from HKD 1,053,372,000 in 2017[10]. Foreign Exchange - The company reported a foreign exchange gain of HKD 2,080,000 for the third quarter of 2018, contrasting with a loss of HKD 380,000 in 2017[6]. - The group incurred a foreign exchange loss of HKD 13,590,000 for the nine months ended December 31, 2018, compared to a gain of HKD 1,130,000 in 2017[50]. Dividends - The board of directors did not recommend the payment of any dividends for the nine months ended December 31, 2018[6]. - The group did not declare any dividends for the nine months ended December 31, 2018, consistent with the previous year[54]. - The company did not recommend any dividend for the nine months ended December 31, 2018, consistent with the previous year[42]. Business Segments - The company has three main reportable segments: corporate advisory services, asset management, and proprietary investment and lending[21]. - The company experienced a significant loss in the "other" segment, amounting to HKD 176,940,000 for the nine months ended December 31, 2018[22]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the third-quarter financial statements and confirmed compliance with applicable accounting standards[70]. - The company has established an audit committee in accordance with GEM listing rules to oversee financial reporting and risk management[70]. - The audit committee has confirmed that the financial statements are adequately disclosed and comply with applicable accounting standards[71]. Shareholding Structure - The company has a controlling interest of 73.66% held by Zhongzhi Capital Management Limited and its subsidiaries, amounting to 2,615,372,627 shares[62]. - The company’s controlling shareholder, Zhongzhi Capital, is indirectly owned through its wholly-owned subsidiaries, Jinhui and Kangbang[67]. - No other individuals were reported to have interests in the company's shares that require disclosure under the Securities and Futures Ordinance as of December 31, 2018[64]. Strategic Focus - The group has completed adjustments to its overseas business and is focusing on development opportunities in the Greater China region, particularly in Hong Kong and domestic markets[52]. - The group aims to leverage its financial advantages to provide guarantee loans to quality enterprises while also investing in consulting and management services[52].