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告的內容概不負責， 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告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 FINET GROUP LIMITED 財 華 社 集 團 有 限 公 司 （於開曼群島註冊成立並於百慕達存續之有限公司） 8317 （股份代號： ） 截至二零二三年六月三十日止三個月 第一季度業績公告 財華社集團有限公司（分別為「本公司」及連同其附屬公司統稱「本集團」）董事（「董 事」）會宣佈本集團截至二零二三年六月三十日止三個月的未經審核綜合財務業績。 本公告載有本公司二零二三年第一季度報告（「二零二三年第一季度報告」）全文，其 遵守香港聯合交易所有限公司GEM證券上市規則（分別為「GEM」及「GEM上市規 則」）有關附帶季度業績初步公告資料的相關規定。載有GEM上市規則所規定資料 的二零二三年第一季度報告印刷本將寄發予本公司股東，並在香港聯合交易所有限 公司網站www.hkexnews.hk之「最新上市公司公告」一頁及本公司網站www.finet.hk 可供瀏覽。 代表 財華社集團有限公司 主席兼執 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company reported revenue of HKD 12,864,000, a decrease of 9.7% from HKD 14,254,000 in the previous year[10]. - The company recorded a loss attributable to shareholders of HKD 16,341,000, compared to a loss of HKD 9,100,000 in the prior year, indicating a significant increase in losses[10]. - Total assets decreased to HKD 62,100,000 from HKD 68,150,000, reflecting a decline of approximately 8.5%[10]. - Total liabilities increased to HKD 43,046,000 from HKD 33,906,000, representing a rise of about 27%[10]. - The company's net asset value dropped to HKD 19,054,000 from HKD 34,244,000, a decrease of approximately 44.5%[10]. - Cash and cash equivalents fell to HKD 8,022,000 from HKD 17,584,000, a decline of about 54.4%[10]. - Basic and diluted loss per share for the year was HKD 0.02, compared to HKD 0.01 in the previous year, indicating a worsening of per-share losses[10]. - The company reported a net loss of approximately HKD 16,234,000 for the fiscal year ending March 31, 2023, an increase from the previous year's loss of HKD 8,622,000[31]. - Non-controlling interests' share of profit for 2023 was approximately HKD 107,000, a decrease from HKD 478,000 in 2022[33]. - The company reported a consolidated loss attributable to owners of approximately HKD 16,341,000 for the year ended March 31, 2023, compared to a loss of HKD 9,100,000 in 2022[33]. Revenue and Business Strategy - The company aims to optimize management and enhance efficiency through a multi-location strategy, focusing on Hong Kong, Beijing, and Shenzhen[13]. - The easing of COVID-19 restrictions in the second half of 2023 is expected to improve the overall business environment and consumer market, positively impacting the company's performance[12]. - Revenue from advertising and investor relations services decreased due to the impact of COVID-19, contributing to an overall revenue decline of about 9.8% compared to the previous year[29]. - The company plans to strengthen its financial news service and expand its digital marketing business to diversify revenue streams[50]. - The company expects its investor relations business to become a profitable segment in the coming years, covering services for listed companies and pre-IPO projects[50]. - The company reported a total revenue of HKD 150 million for the fiscal year ending March 31, 2023, representing a year-over-year increase of 15%[57]. - The company has provided a revenue guidance of HKD 180 million for the next fiscal year, indicating a projected growth of 20%[57]. - New product launches are expected to contribute an additional HKD 30 million in revenue, with a focus on enhancing user engagement[57]. - The company is investing HKD 10 million in R&D for new technologies aimed at improving service efficiency[57]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[57]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of HKD 50 million allocated for potential deals[57]. Governance and Compliance - The board held nine meetings during the fiscal year, with all directors confirming compliance with trading regulations[68]. - The company has maintained a conservative management policy, with no current plans for directors' liability insurance[64]. - The company achieved a 100% attendance rate for executive directors at board meetings, reflecting strong governance practices[68]. - The audit committee held four meetings during the fiscal year ending March 31, 2023, with attendance records showing full participation from the chairman and other members[74]. - The remuneration committee conducted three meetings in the same period, with all members present at least twice, indicating active engagement in reviewing compensation policies[77]. - The nomination committee also held three meetings, with the chairperson attending all sessions, reflecting a commitment to board composition and governance[78]. - The company has adopted a board diversity policy, emphasizing the importance of diversity in maintaining competitive advantage and ensuring a balanced board composition[82]. - The audit committee reviewed the consolidated financial statements for the fiscal year, which were audited by Guo Fu Hao Hua (Hong Kong) CPA Limited, with a recommendation for reappointment at the upcoming annual general meeting[75]. - The company has a minimum of three independent non-executive directors, ensuring compliance with GEM listing rules and maintaining governance standards[70]. - The remuneration committee is responsible for formulating the company's compensation policies and reviewing the performance of executive directors[77]. - The company’s governance committees, including the audit, remuneration, and nomination committees, are composed entirely of independent non-executive directors, enhancing oversight and accountability[73][78][80]. - The board of directors is responsible for overall management and has delegated daily management powers to executive directors and the management team[69]. - The company emphasizes compliance with legal and regulatory requirements as part of its governance practices, ensuring adherence to corporate governance codes[83]. - The board consists of members with diverse professional expertise, including management, finance, and marketing, ensuring a balanced skill set[84]. - The company has not set measurable diversity targets for the board, but the nomination committee believes the current diversity is sufficient[85]. - The board's nomination policy includes criteria for assessing candidates' suitability and contributions, focusing on diversity in gender, age, and professional experience[89]. - The external auditor received approximately HKD 600,000 for audit services with no fees for non-audit services during the fiscal year ending March 31, 2023[94]. - The board is responsible for evaluating and maintaining effective risk management and internal control systems, with annual reviews conducted by the audit committee[98]. - The internal audit function reports directly to the audit committee, ensuring independence and focusing on significant risk areas identified through comprehensive risk analysis[100]. - The company emphasizes gender diversity at all levels, including senior management, and continues to promote equal treatment in hiring practices[91]. - The board has established clear authority and responsibilities for departments to ensure adequate checks and balances within the internal control system[99]. - The company secretary has completed over 15 hours of relevant professional training to comply with GEM listing rules[97]. - The board has reviewed the effectiveness of the internal control system and found it to be effective and adequate as of the report's publication date[100]. - The group has adopted a whistleblowing policy to maintain high levels of transparency, integrity, and accountability, with no significant fraud or misconduct reported affecting financial statements as of March 31, 2023[102]. - The anti-corruption policy aims to prevent, detect, and report fraud, including fraudulent financial reporting, applicable to directors, senior officers, and employees[103]. - The group has established procedures for handling inquiries from external parties regarding market rumors and other matters[105]. - The group has a dividend policy without a predetermined payout ratio, allowing the board to propose dividends based on financial conditions and other factors[112]. - The group confirmed compliance with the GEM Listing Rules regarding related party transactions and has received annual confirmations of independence from its independent non-executive directors[150][152]. - There were no management or administrative contracts established during the reporting period that pertain to the company's overall or any major part of its business[151]. Environmental and Social Responsibility - The company has implemented a series of policies and measures to enhance environmental protection and fulfill social responsibilities, emphasizing sustainable development[159]. - The company encourages employees to use public transportation and video conferencing to reduce carbon emissions[165]. - The company has established various communication channels to engage with stakeholders, including employees, customers, investors, and the media[160]. - The company reported a total greenhouse gas emissions of 86,774.4 kg for the year ending March 31, 2023, a decrease from 88,366.1 kg in the previous year, indicating a reduction of approximately 1.8%[167]. - The company has zero direct emissions (Scope 1) and a density of 1,549.5 kg per employee for indirect emissions (Scope 2) in 2023[167]. - The group utilized approximately 131,740 kWh of electricity for office properties during the reporting period, a decrease from 134,875 kWh in 2022[175]. - The group used 98,738 sheets of A4 paper, an increase from 82,067 sheets in 2022[175]. - The group implemented a paperless electronic payroll system to reduce paper usage[169]. - The group emphasizes the importance of waste management through reduction, reuse, and recycling initiatives[169]. - The group adheres to the Employment Ordinance and Labor Law, ensuring compliance with labor regulations[179]. - The group provides social insurance and housing fund contributions for employees in China, and Mandatory Provident Fund contributions for employees in Hong Kong[181]. - The group conducts regular monitoring of indoor air quality to ensure a healthy work environment[178]. - The group encourages energy-saving practices, such as using energy-efficient lighting and maintaining office temperatures around 25.5ºC[172]. - The group promotes equal employment opportunities and prohibits discrimination in hiring and employment practices[186]. - The group offers comprehensive onboarding training to enhance employees' understanding of the business and corporate culture[190]. - The group has maintained good relations with employees, recognizing them as key to sustainable development, and provides clear career development paths and skill enhancement opportunities[122]. - The company has not identified any significant air, water, or land pollution issues arising from its business operations during the reporting period[166]. - The company emphasizes customer privacy and has implemented measures to protect customer data[192]. - The company encourages employee participation in community and charitable activities[198]. Employee and Workforce Information - Total number of employees is 56, with 54 general employees and 2 contract employees[200]. - Employee turnover is 39, resulting in a turnover rate of 57.8%[200]. - Gender distribution shows 26 female employees (46.4%) and 30 male employees (53.6%)[200]. - Age distribution includes 14 employees under 30, 37 employees aged 31 to 50, and 5 employees aged 51 or above[200]. - Employee distribution by location indicates 23 employees in Hong Kong and 33 in China[200]. - Management comprises 4 employees, while 52 are general staff[200]. - The company has not received any complaints related to intellectual property infringement or customer data leakage during the reporting period[193]. - The company adheres to labor laws and regulations, ensuring compliance with employment standards[191].

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告的內容概不負責，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告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 FINET GROUP LIMITED 財 華 社 集 團 有 限 公 司 （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：8317） 年度業績公告 截至二零二三年三月三十一日止年度 財華社集團有限公司（「本公司」及其附屬公司「本集團」）董事（「董事」）會（「董事會」）謹此 宣佈本集團截至二零二三年三月三十一日止年度之經審核全年業績。 本公告（載有本公司二零二三年年報（「二零二三年年報」）全文）符合聯交所GEM證券上 市規則（分別為「GEM」及「GEM上市規則」）有關年度業績初步公告隨附資料之相關規 定。載有GEM上市規則所規定資料之二零二三年年報印刷本將在適當時候按GEM上市 規則所規定之方式寄發予本公司股東，並可供於聯交所網站(www.hkexnews.hk)及本公司 網站(www.finet.hk)瀏覽。 承董事會命 財華社集團有限公司 主席 勞玉儀 ...

Financial Performance - For the nine months ended December 31, 2022, the group recorded revenue of approximately HKD 14,021,000, an increase of about 25.7% compared to HKD 11,151,000 for the same period in 2021[4] - The group reported an unaudited consolidated loss attributable to owners of the company of approximately HKD 3,641,000 for the nine months ended December 31, 2022, compared to a loss of HKD 9,406,000 for the same period in 2021[4] - For the three months ended December 31, 2022, the group recorded revenue of HKD 655,000, compared to HKD 2,771,000 for the same period in 2021[5] - The gross profit for the nine months ended December 31, 2022, was HKD 13,034,000, compared to HKD 10,546,000 for the same period in 2021[5] - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 4,230,000, compared to a loss of HKD 7,506,000 for the same period in 2021[6] - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 0.55, compared to HKD 1.41 for the same period in 2021[5] - Total revenue for the three months ended December 31, 2022, was HKD 1,806,000, a decrease of 84.7% compared to HKD 11,839,000 for the same period in 2021[14] - The company reported a loss attributable to owners of approximately HKD 2,330,000 for the three months ended December 31, 2022, compared to a profit of HKD 2,562,000 for the same period in 2021[18] - The company recorded a total loss of HKD 3,641,000 for the nine months ended December 31, 2022, compared to a loss of HKD 9,406,000 for the same period in 2021[18] Income and Expenses - The group experienced a significant reduction in administrative expenses, which decreased from HKD 28,315,000 in the previous year to HKD 21,858,000 for the nine months ended December 31, 2022[5] - The group’s financing costs for the nine months ended December 31, 2022, were HKD 587,000, slightly down from HKD 612,000 in the previous year[5] - The group’s other income and gains for the nine months ended December 31, 2022, were HKD 4,604,000, compared to HKD 10,913,000 for the same period in 2021[5] - Interest expenses for bank borrowings were HKD 493,000 for the nine months ended December 31, 2022, down 15.4% from HKD 583,000 in 2021[17] - Total income from other income and gains was HKD 1,151,000 for the three months ended December 31, 2022, compared to HKD 9,068,000 in the same period of 2021[14] - Rental income from investment properties decreased to HKD 952,000 for the nine months ended December 31, 2022, down 18.0% from HKD 1,159,000 in 2021[14] - The cost of sales for the nine months ended December 31, 2022, was approximately HKD 987,000, an increase of about 63.1% from approximately HKD 605,000 in the same period of 2021[29] - Other income and gains for the nine months ended December 31, 2022, amounted to approximately HKD 4,604,000, a decrease from approximately HKD 10,913,000 in the same period of 2021, primarily due to reduced gains from the sale of a subsidiary[29] - General and administrative expenses for the nine months ended December 31, 2022, were approximately HKD 21,858,000, a decrease of about 22.8% compared to approximately HKD 28,315,000 for the same period in 2021[29] Dividends and Shareholder Information - The board of directors did not recommend the payment of dividends for the nine months ended December 31, 2022[4] - The company did not declare any dividends for the nine months ended December 31, 2022, consistent with the previous year[17] - As of December 31, 2022, the company had 666,538,774 issued ordinary shares[40] - Ms. Lau holds 391,597,678 shares, representing 65.27% of the total issued shares[40] - Major shareholder Pablos holds 391,597,678 shares, accounting for approximately 58.75% of the existing equity[42] - Broadgain International Limited holds 47,052,000 shares, which is 7.06% of the total[42] - The company granted stock options totaling 16,900,000, with a remaining balance of 11,500,000 after 5,400,000 were forfeited[47] Corporate Governance - The company has complied with the corporate governance code, with the exception of the separation of the roles of Chairman and CEO[55] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting[49] - There were no reported conflicts of interest or competitive activities involving directors or major shareholders during the reporting period[48] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with regulations[52] Future Plans and Business Development - The group plans to continue allocating resources to strengthen its leading position in providing financial news services and enhance its digital marketing business development[32] - The group aims to expand its investor relations business, which is expected to become a profitable segment in the coming years, covering services for listed companies and pre-IPO tasks[32] - The group continues to host the Hong Kong Top 100 Companies Awards, establishing a solid foundation for its event management business and gaining wide recognition in China and Hong Kong[33] Employment Information - The group has reduced its full-time employees to 56 as of December 31, 2022, down from 79 as of March 31, 2022, with total employee expenses for the nine months amounting to approximately HKD 13,888,000[37]

Financial Performance - For the six months ended September 30, 2021, the group recorded revenue of approximately HKD 8,380,000, a decrease of about 14.7% compared to HKD 9,819,000 for the same period in 2020[7]. - The group reported an unaudited consolidated loss attributable to owners of approximately HKD 11,968,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,074,000 for the same period in 2020[7]. - The gross profit for the six months ended September 30, 2021, was HKD 8,020, compared to HKD 9,333 for the same period in 2020[9]. - The group incurred a loss before tax of HKD 10,308,000 for the six months ended September 30, 2021, compared to a loss of HKD 3,528,000 for the same period in 2020[9]. - The group reported a basic and diluted loss per share of HKD 1.8 for the six months ended September 30, 2021, compared to HKD 0.61 for the same period in 2020[9]. - The group reported a loss of HKD 10,384,000 for the period, which is a significant increase compared to the loss of HKD 3,603,000 in the previous year[34]. - The company reported a net loss attributable to shareholders of approximately HKD 11,968,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,074,000 in the same period of 2020[73]. Revenue Breakdown - Revenue from advertising and investor relations services was HKD 7,301,000, down 12.7% from HKD 8,366,000 in the previous year[29]. - The financial information, advertising, and investor relations services segment generated revenue of HKD 7,491,000, while the securities business contributed HKD 106,000, and the loan business brought in HKD 15,000[34]. - The company’s income from financial services was HKD 190,000 for the six months, a slight increase from HKD 171,000 in the previous year[29]. - The company reported a decrease in rental income from investment properties to HKD 768,000 from HKD 696,000 year-over-year[29]. - The company’s interest income for the six months was HKD 15,000, compared to no income in the same period last year[29]. Assets and Liabilities - The total assets as of September 30, 2021, amounted to HKD 112,343,000, a decrease from HKD 119,303,000 as of March 31, 2021[14]. - The net asset value as of September 30, 2021, was HKD 32,667,000, down from HKD 43,363,000 as of March 31, 2021[16]. - Total liabilities were HKD 79,676,000, resulting in a net asset position of HKD 32,667,000[40]. - The total outstanding bank borrowings amounted to approximately HKD 12,024,000 as of September 30, 2021, down from HKD 23,540,000 as of March 31, 2021[76]. - The company's debt-to-equity ratio was approximately 119.6% as of September 30, 2021, compared to 92.2% as of March 31, 2021[78]. Cash Flow - Operating cash flow for the six months ended September 30, 2021, was a net outflow of HKD 6,439,000, compared to a net inflow of HKD 2,753,000 in 2020[21]. - The company reported a net decrease in cash and cash equivalents of HKD 9,261,000 for the period, compared to an increase of HKD 3,438,000 in the prior year[21]. - The total cash and cash equivalents at the end of the period were HKD 8,483,000, down from HKD 10,964,000 at the end of the previous year[21]. - Cash and cash equivalents amounted to HKD 8,483,000 as of September 30, 2021, compared to HKD 18,059,000 as of March 31, 2021[55]. Employee and Administrative Expenses - The company’s employee benefits expenses, including directors' remuneration, amounted to HKD 12,281,000 for the six months ended September 30, 2021, compared to HKD 10,592,000 in the previous year, indicating an increase of approximately 16%[43]. - Total employee costs for the six months ended September 30, 2021, amounted to approximately HKD 12,281,000, up from HKD 10,592,000 in 2020, representing a year-on-year increase of about 15.9%[87]. - The company’s total administrative expenses decreased to HKD 1,816,000 from HKD 2,661,000 in the previous year[29]. - General and administrative expenses increased by approximately 13.2% to HKD 19,673,000 from HKD 17,379,000 in the previous year[72]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[101]. - The company has complied with the corporate governance code as per GEM listing rules, with the exception of the separation of roles between the Chairman and CEO[106]. - The Chairman, Ms. Lau, has been managing the group's business since 2011, providing consistent leadership[106]. - The board believes that the dual role of Chairman and CEO is beneficial for the group's management and business development[106]. Shareholder Information - As of September 30, 2021, the company had 666,538,774 issued ordinary shares[91]. - Pablos and Maxx Capital each held 343,997,678 shares, representing approximately 51.61% of the total issued shares[93]. - Executive Director Ms. Lau held 43,458,058 shares directly and had control over 391,597,678 shares, amounting to 65.27% of the issued shares[89]. - The average number of issued shares for the periods ended September 30, 2021, remained at 666,538,774 shares[47]. Dividends and Recommendations - The board of directors does not recommend the payment of any dividend for the six months ended September 30, 2021[7]. - The company did not recommend the payment of dividends for the six months ended September 30, 2021[47].

Financial Performance - For the fiscal year ending March 31, 2021, the company reported revenue of HKD 17,901,000, a decrease of 31% from HKD 25,991,000 in the previous year[15] - The loss attributable to the company's owners for the year was HKD 12,830,000, compared to a loss of HKD 20,293,000 in the prior year, indicating an improvement[15] - Total assets increased to HKD 119,303,000 from HKD 112,143,000 year-over-year, reflecting a growth of approximately 6%[15] - Total liabilities rose significantly to HKD 75,940,000 from HKD 56,032,000, marking an increase of about 36%[15] - The company's net asset value decreased to HKD 43,363,000 from HKD 56,111,000, a decline of approximately 23%[15] - Cash and cash equivalents improved to HKD 18,059,000 from HKD 8,296,000, showing a substantial increase of 118%[15] - Other income for the fiscal year was approximately HKD 9,725,000, an increase from HKD 3,885,000 in the previous year, driven by government subsidies and increased administrative expense income[33] - The company's loss was reduced by 35% due to ongoing improvements in operational cost control and efficiency[18] - General and administrative expenses for the year ended March 31, 2021, were approximately HKD 37,636,000, a decrease of about 18.2% compared to HKD 46,014,000 in 2020[34] - The after-tax loss for the year ended March 31, 2021, was approximately HKD 12,571,000, down from HKD 19,288,000 in 2020, indicating improved financial performance[37] Business Strategy and Outlook - The company plans to focus on expanding its financial information services and advertising sectors in the Greater China region[6] - Future outlook includes the development of new financial technology applications to enhance service offerings[6] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service capabilities[6] - The company plans to expand its customer base to include companies listed in the US and China, aiming to enhance revenue sources and competitiveness[22] - The company is focusing on capital investments in software, hardware, and IT to drive new product and sales solutions[22] - The company aims to implement a new ERP and management system to streamline business processes and increase automation[22] - The company plans to strengthen its position in financial news services and expand its digital marketing business[54] - The investor relations business is expected to become a profitable segment in the coming years, covering services for listed companies and pre-IPO projects[54] - The company continues to expand its securities services, including portfolio management and private fund investment consulting[55] Corporate Governance - The board held 5 meetings during the fiscal year ending March 31, 2021, with all directors attending at least 4 out of 5 meetings[70] - The company has adopted a set of trading standards for directors in compliance with GEM Listing Rules, ensuring all directors adhered to these standards throughout the fiscal year[66] - The board emphasizes high-quality governance and has reviewed its practices, confirming compliance with the corporate governance code, except for the separation of the roles of Chairman and CEO[65] - The company has no current insurance for legal actions against directors, as it has adopted a conservative management policy[65] - The board consists of experienced members, including independent non-executive directors with extensive backgrounds in finance and law[61][62][63] - The company has been actively involved in corporate governance practices, ensuring transparency and accountability to all shareholders[65] - The board is responsible for the overall management of the company and has delegated daily management powers to executive directors and management teams[71] - The company has a diverse board with members holding various significant positions in other listed companies, enhancing its governance structure[62][63][64] - The company has maintained a commitment to high standards of corporate governance, focusing on internal controls and shareholder transparency[65] - The audit committee held four meetings during the fiscal year ending March 31, 2021, with all members attending all meetings[76] - The remuneration committee conducted one meeting during the fiscal year, with full attendance from all members[80] - The nomination committee also held one meeting during the fiscal year, with all members present[81] - The corporate governance committee held one meeting during the fiscal year, with all members attending[84] - The audit committee reviewed the consolidated financial statements for the fiscal year ending March 31, 2021, which were audited by Guowei CPA[77] - The company has adopted a board diversity policy to enhance its competitive advantage, focusing on various aspects such as gender, age, and professional qualifications[85] - The nomination committee believes the board currently has sufficient diversity and has not set measurable targets[86] - The remuneration committee is responsible for reviewing and approving the remuneration policies for directors and senior management[78] - The company has at least three independent non-executive directors, with one possessing relevant financial expertise[75] - The audit committee has recommended the reappointment of Guowei CPA as the company's auditor at the upcoming annual general meeting[77] - The company’s external auditor received approximately HKD 565,000 for audit services for the year ended March 31, 2021, with no fees for non-audit services[96] - The board is responsible for evaluating the nature and extent of risks the company is willing to take to achieve its strategic objectives, ensuring effective risk management and internal control systems are in place[99] - The internal audit function reports directly to the audit committee to maintain independence and focuses on significant risk areas identified through comprehensive risk analysis[102] - The company encourages directors to participate in ongoing professional development programs to maintain their responsibilities and knowledge[93] Shareholder Communication and Rights - Shareholders holding at least 10% of the paid-up capital with voting rights can request the board to convene a special general meeting[103] - The company maintains multiple channels for communication with shareholders, including corporate publications and a dedicated website[106] - The board reviews the effectiveness of the risk management and internal control systems annually, covering all significant controls[101] - The nomination committee will review the board nomination policy to ensure its effectiveness[92] - The company secretary has completed no less than 15 hours of relevant professional training as required by GEM listing rules[98] - The latest version of the company's articles of association is available on the company and stock exchange websites[105] - The company has adopted a dividend policy without a predetermined payout ratio, with the board able to propose dividends based on financial conditions and other factors[108] - As of March 31, 2021, the distributable reserves for dividends amounted to approximately HKD 22,722,000, a decrease from HKD 26,004,000 in 2020[121] - The board does not recommend the payment of dividends for the fiscal year ending March 31, 2021, consistent with the previous year[119] Environmental Sustainability - The total greenhouse gas emissions for the year 2021 were 92,833.7 kg CO2, an increase of 7.7% from 86,169.7 kg CO2 in 2020[172] - The density of greenhouse gas emissions per employee was 1,079.5 kg in 2021, compared to 1,038.2 kg in 2020, indicating a slight increase[172] - The company has implemented a paperless electronic payroll system to reduce paper usage, promoting sustainability[175] - The company encourages employees to use public transportation to reduce vehicle emissions, aiming to minimize environmental impact[168] - Energy-saving light bulbs and appliances are used in office spaces to reduce electricity consumption[177] - The company has not reported any significant air, water, or land pollution incidents during the reporting period[170] - The company emphasizes waste management through reduction, reuse, and recycling initiatives to minimize landfill waste[175] - The company maintained a stable resource usage strategy, focusing on minimizing electricity, water, and paper consumption[176] - The company encourages double-sided printing to further reduce paper waste[183] - The company has established stakeholder engagement channels to align long-term sustainability goals with stakeholder expectations[161] - The annual electricity consumption for the office property leased by the company was approximately 140,687 kWh, an increase from 118,640 kWh in 2020[185] - The annual usage of A4 paper was 151,306 sheets, up from 129,200 sheets in 2020[185] - The company is committed to reducing resource utilization through environmentally friendly procurement practices, including the purchase of eco-friendly furniture and stationery[187] - The company adheres to industry best practices to minimize natural resource consumption and effectively manage emissions[187] Employee Relations and Workplace Environment - The company provides comprehensive onboarding training to enhance employees' understanding of the business and corporate culture[200] - The company complies with local labor laws and regulations, ensuring timely payment of salaries, social insurance, and provident fund contributions[197] - The company emphasizes the importance of a safe and healthy work environment to improve product and service quality[199] - The company regularly monitors and measures indoor air quality to ensure a healthy workplace for employees[188] - The company has implemented a compensation system based on various factors, including salary, bonuses, and benefits, to attract and retain talent[190] - The company follows a principle of equal opportunity in recruitment and employment practices, prohibiting discrimination based on various factors[196] Market Competition and Risks - The company faces significant competition in its media, advertising, and investor relations services, necessitating improvements in its website and mobile applications to attract more viewers[114] - The financial services, brokerage, and fund management businesses are at risk due to potential declines in financial markets influenced by various economic and political factors[114] - The company has maintained compliance with relevant laws and regulations throughout the year[116] - The company has not purchased, sold, or redeemed any of its listed shares during the fiscal year ending March 31, 2021[123] - The company continues to recruit experienced journalists and anchors to enhance the quality of its financial news, which is critical for success[114]

Financial Performance - For the nine months ended December 31, 2020, the group recorded revenue of approximately HKD 15,401,000, a decrease of about 24.7% compared to HKD 20,465,000 for the same period in 2019[5] - The group reported an unaudited consolidated loss attributable to owners of the company of approximately HKD 4,352,000 for the nine months ended December 31, 2020, compared to a loss of HKD 11,702,000 for the same period in 2019[5] - For the three months ended December 31, 2020, the group achieved revenue of HKD 5,582,000, compared to HKD 5,195,000 for the same period in 2019[7] - The gross profit for the nine months ended December 31, 2020, was HKD 14,508,000, down from HKD 18,992,000 in the same period of 2019[7] - The group incurred total comprehensive expenses of HKD 8,248,000 for the nine months ended December 31, 2020, compared to HKD 11,935,000 for the same period in 2019[9] - The basic and diluted loss per share attributable to owners of the company for the nine months ended December 31, 2020, was HKD 0.65, compared to HKD 1.76 for the same period in 2019[7] - The group reported a loss before tax of HKD 4,174,000 for the nine months ended December 31, 2020, compared to a loss of HKD 11,733,000 for the same period in 2019[7] - Total revenue for the nine months ended December 31, 2020, was HKD 21,990,000, a decrease of 3.9% compared to HKD 22,882,000 for the same period in 2019[17] - The company reported a basic loss per share of approximately HKD 4,352,000 for the nine months ended December 31, 2020, compared to HKD 11,702,000 for the same period in 2019[23] Dividends and Shareholder Returns - The board of directors does not recommend the payment of a dividend for the nine months ended December 31, 2020[5] - The company did not recommend any dividend for the nine months ended December 31, 2020, consistent with the previous year[23] Income and Expenses - The group’s other income and losses for the nine months ended December 31, 2020, amounted to HKD 6,589,000, compared to HKD 2,417,000 in the same period of 2019[7] - The group’s financing costs for the nine months ended December 31, 2020, were HKD 307,000, compared to HKD 352,000 for the same period in 2019[7] - Rental income for the nine months ended December 31, 2020, was HKD 1,076,000, down 30.9% from HKD 1,560,000 for the same period in 2019[17] - Interest expenses for bank loans for the nine months ended December 31, 2020, were HKD 275,000, a decrease from HKD 324,000 in the same period of 2019[21] - Other income and losses amounted to approximately HKD 6,589,000 for the nine months ended December 31, 2020, compared to HKD 2,417,000 for the same period in 2019, primarily due to an increase in fair value gains and government subsidies[35] - General and administrative expenses were approximately HKD 24,812,000 for the nine months ended December 31, 2020, a decrease of about 23.0% from HKD 32,232,000 in the same period of 2019[35] Government Support - Government subsidies received amounted to HKD 2,208,000 for the nine months ended December 31, 2020, with no subsidies reported in the same period of 2019[17] Equity and Shares - The total equity as of December 31, 2020, was HKD 47,593,000, a decrease from HKD 68,342,000 as of April 1, 2019[19] - The company had 666,538,774 issued ordinary shares with a par value of HKD 0.01 as of December 31, 2020[52] - Major shareholder Pablos International Limited held 343,997,678 shares, representing 51.61% of the total issued shares[55] - The company’s executive director, Ms. Lau, owned 43,458,058 shares, which accounted for 65.27% of her controlled corporation's shares[48] - The total number of stock options granted as of December 31, 2020, was 21,000,000, with a remaining balance after cancellations of 21,000,000[59] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2020[64] - There were no competitive businesses or conflicts of interest reported among directors or major shareholders during the nine months ending December 31, 2020[62] - The company has adopted a code of conduct for directors' securities trading, compliant with GEM Listing Rules, with all directors adhering to the trading standards during the nine-month period ending December 31, 2020[66] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15, with the exception of the separation of roles between the Chairman and CEO, which is currently held by the same individual[69] Employee Information - As of December 31, 2020, the total employee expenses for the nine months amounted to approximately HKD 15,746,000, a decrease of 17.5% compared to HKD 18,967,000 in 2019[44] - The company maintained a consistent workforce of 84 full-time employees in Hong Kong and China as of December 31, 2020[44] - The company provided additional employee benefits including mandatory provident fund contributions and medical insurance[44] Future Outlook - The company plans to continue allocating resources to strengthen its position in providing financial news services and enhance its digital marketing business development[38] - The investor relations business is expected to become a profitable segment for the company in the coming years, covering services related to listed companies and IPO tasks[38] - The company continues to expand its securities business, which includes portfolio management and private fund investment consulting, anticipating significant management and performance fee income in the near future[39] Impact of COVID-19 - The company has granted several months of rent reductions to tenants during the COVID-19 pandemic, resulting in decreased revenue from property investments[31] Accounting Standards - The company expects that the adoption of new accounting standards will not have a significant impact on its performance and financial position[16] Share Transactions - No shares of the company were purchased, sold, or redeemed by the company or its subsidiaries during the nine-month period ending December 31, 2020[67]

Financial Performance - For the six months ended September 30, 2020, the group recorded revenue of approximately HKD 9,819,000, a decrease of about 35.7% compared to HKD 15,270,000 for the same period in 2019[5] - The group reported an unaudited consolidated loss attributable to owners of approximately HKD 4,074,000 for the six months ended September 30, 2020, compared to a loss of HKD 10,900,000 for the same period in 2019[5] - For the three months ended September 30, 2020, the group recorded revenue of HKD 4,240,000, down from HKD 10,956,000 for the same period in 2019[7] - The gross profit for the six months ended September 30, 2020, was HKD 9,333,000, compared to HKD 13,968,000 for the same period in 2019[7] - The group’s total comprehensive loss for the six months ended September 30, 2020, was HKD 4,454,000, compared to HKD 11,717,000 for the same period in 2019[9] - The group’s basic and diluted loss per share for the six months ended September 30, 2020, was HKD 0.61, compared to HKD 1.64 for the same period in 2019[7] - The group reported a loss before tax of HKD 3,528,000 for the six months ended September 30, 2020, compared to a loss of HKD 11,633,000 for the same period in 2019[30] - The company recorded a loss of HKD 10,900,000 during the period, compared to a loss of HKD 11,666,000 in the prior period, indicating a slight improvement in performance[15] Revenue Breakdown - The revenue from financial information services increased to HKD 171,000 for the six months ended September 30, 2020, compared to HKD 100,000 in the same period last year, representing a growth of 71%[25] - Advertising and investor relations service revenue decreased to HKD 8,366,000 for the six months ended September 30, 2020, down from HKD 14,292,000, a decline of approximately 41.5%[25] - The financial information, advertising, and investor relations services segment generated revenue of HKD 8,537,000, down 40.0% from HKD 14,392,000 in the previous year[30] - The company’s investment property rental income for the six months ended September 30, 2020, was HKD 696,000, down from HKD 877,000 in the previous year, a decrease of approximately 20.6%[25] - The group’s revenue from advertising and investor relations services experienced a significant decline due to the impact of COVID-19, which led to the postponement of events and reduced related income[64] Cash Flow and Assets - For the six months ended September 30, 2020, the company reported a net cash inflow from operating activities of HKD 2,753,000, a significant improvement from a net outflow of HKD 8,812,000 in the same period last year[17] - The group’s cash and cash equivalents increased to HKD 10,964,000 as of September 30, 2020, compared to HKD 8,296,000 as of March 31, 2020[11] - The total assets as of September 30, 2020, amounted to HKD 112,946,000, slightly up from HKD 112,143,000 as of March 31, 2020[11] - The net asset value as of September 30, 2020, was HKD 51,838,000, down from HKD 56,111,000 as of March 31, 2020[13] - The group’s total liabilities increased from HKD 56,032,000 as of March 31, 2020, to HKD 61,108,000 as of September 30, 2020[36] Shareholder Information - The group’s total issued and paid-up ordinary shares remained at 15,000,000,000 with a par value of HKD 0.01 per share as of both September 30, 2020, and March 31, 2020[54] - Major shareholder Pablos holds 343,997,678 shares, accounting for 51.61% of the total equity[93] - Ms. Lau holds 43,458,058 shares and has a controlled interest of 391,597,678 shares, representing 65.37% of the issued shares[88] - The company did not engage in any purchase, sale, or redemption of its listed shares during the six months ending September 30, 2020[105] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[100] - There were no reported conflicts of interest involving directors, management shareholders, or major shareholders during the reporting period[99] - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted[106] - The roles of the Chairman and CEO are currently held by the same individual, which the board believes benefits management and business development[107] - The board will continue to review the situation and consider separating the roles of Chairman and CEO when appropriate[107]

Financial Performance - The group recorded a revenue of approximately HKD 5,579,000 for the three months ended June 30, 2020, representing an increase of about 29.3% compared to HKD 4,314,000 for the same period in 2019[5]. - The unaudited consolidated loss attributable to the owners of the company for the three months ended June 30, 2020, was approximately HKD 2,781,000[5]. - The gross profit for the period was HKD 5,401,000, with a loss before tax of HKD 2,105,000[9]. - The total comprehensive loss for the period was HKD 2,138,000, compared to a loss of HKD 8,096,000 for the same period in 2019[11]. - The company reported a basic and diluted loss per share of HKD 0.42 for the period[9]. - The group reported a basic loss per share of HKD 4.17, down from a loss of HKD 12.65 per share in the same period last year, showing an improvement in loss per share[28]. - The group incurred a tax expense of approximately HKD 33,000 in China, a decrease from HKD 41,000 in the same period of 2019[26]. Revenue Breakdown - Revenue from financial information services was HKD 98,000, up from HKD 33,000 in the previous year, indicating a significant increase of 197%[23]. - Advertising and investor relations service revenue reached HKD 4,704,000, compared to HKD 3,872,000 in the prior year, reflecting a growth of 21.5%[23]. - The group's revenue for the three months ended June 30, 2020, was HKD 5,579,000, an increase from HKD 4,314,000 in the same period of 2019, representing a growth of approximately 29.3%[23]. - Other income and losses amounted to approximately HKD 1,367,000, an increase of about 173.9% from HKD 499,000 in 2019, primarily due to fair value gains on financial assets and government subsidies[46]. Expenses and Costs - The group incurred general and administrative expenses of HKD 8,647,000 during the period[9]. - The cost of sales decreased by 80.6% to approximately HKD 178,000 from HKD 918,000 in the same period last year, mainly due to reduced event organization costs[46]. - General and administrative expenses were approximately HKD 8,647,000, a decrease of about 24.6% from HKD 11,473,000 in 2019, attributed to lower employee costs and professional fees[46]. - Financing costs for the three months ended June 30, 2020, included interest expenses of approximately HKD 97,000 on bank borrowings and HKD 14,000 on lease liabilities, down from HKD 126,000 and HKD 21,000 respectively in 2019[47]. - Total employee expenses for the three months ended June 30, 2020, were approximately HKD 5,297,000, down from HKD 7,447,000 in 2019[54]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2020[5]. - The group did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[27]. Financial Assets and Fair Value - The fair value change of financial assets measured at fair value through profit or loss was HKD 237,000, compared to a loss of HKD 111,000 in the previous year[23]. - As of June 30, 2020, the group held financial assets measured at fair value of approximately HKD 1,250,000, up from HKD 1,013,000 on March 31, 2020, representing about 1.1% of total assets[48]. - The net fair value gain on financial assets for the three months ended June 30, 2020, was approximately HKD 237,000, compared to a loss of HKD 111,000 in 2019[48]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2020[78]. - The company confirmed that all directors complied with the trading standards and conduct rules during the three months ended June 30, 2020[83]. - The company has maintained compliance with the corporate governance code as per GEM listing rules, with some deviations noted regarding the roles of the chairman and CEO[79]. - The company has adopted a set of terms regarding directors' securities trading behavior in compliance with GEM listing rules[83]. Business Operations and Strategy - The group aims to enhance operational efficiency and reduce costs through technological advancements in its financial public relations and investor interaction services[39]. - The group’s property investment business continues to provide stable income, although there was a moderate decrease in revenue due to adjustments in rental income during the COVID-19 pandemic[41]. - The group’s securities business faced challenges due to intense market competition, with revenue primarily derived from securities trading services[42]. Management and Leadership - The company is in the process of identifying a suitable candidate for the CEO position, which has been vacant since June 28, 2020[79]. - There were no significant contracts in which directors had a direct or indirect interest during the three months ended June 30, 2020[80]. - The company has not engaged in any business that constitutes or may constitute competition with its group business as of June 30, 2020[74]. - The company granted a total of 9,160,000 stock options as of June 30, 2020, with an exercise price of HKD 0.49[72]. - The stock options granted on April 17, 2019, have a validity period until September 3, 2024, with a vesting period of 3 years[73]. - There were no transactions involving the purchase, sale, or redemption of the company's listed shares during the three months ended June 30, 2020[84].

Financial Performance - The company reported revenue of HKD 25,991,000 for the year ending March 31, 2020, an increase of 32.5% compared to HKD 19,637,000 in 2019[20] - The loss attributable to the company's owners was HKD 20,293,000 in 2020, a decrease from a loss of HKD 28,870,000 in 2019, representing a 29.5% improvement[20] - The company's overall business revenue increased by 30% year-on-year, rising from 19 million to 25.99 million, with digital advertising, public relations, and online live broadcast revenue contributing 23.75 million[23] - The group's revenue for the year ended March 31, 2020, was approximately HKD 25,991,000, an increase of about 32.4% compared to HKD 19,637,000 in 2019[41] - The net loss attributable to the owners of the company for the year was approximately HKD 20,293,000, a significant decrease from HKD 28,870,000 in 2019[46] Assets and Liabilities - Total assets decreased to HKD 112,143,000 in 2020 from HKD 120,723,000 in 2019, reflecting a decline of 7.4%[20] - Total liabilities increased to HKD 56,032,000 in 2020 from HKD 52,381,000 in 2019, marking a rise of 7.3%[20] - The net asset value dropped to HKD 56,111,000 in 2020 from HKD 68,342,000 in 2019, a decrease of 17.9%[20] Cash Flow and Expenses - Cash and cash equivalents decreased to HKD 8,296,000 in 2020 from HKD 12,749,000 in 2019, a decline of 34.7%[20] - The group's general and administrative expenses increased by approximately HKD 1,773,000 to about HKD 46,014,000, an increase of about 4.0% from HKD 44,241,000 in the previous fiscal year[42] - The total employee costs for the year were approximately HKD 26,162,000, a slight decrease from HKD 26,635,000 in 2019[54] Business Strategy and Growth - The company is focused on expanding its financial information services and online trading business segments[6] - Future strategies include enhancing multimedia services and exploring potential mergers and acquisitions to drive growth[6] - The company plans to launch an online self-service advertising product called "Advertising Freedom," targeting small and medium-sized enterprises at a significantly lower cost[25] - The company aims to become a trusted partner in brand marketing recognized in international markets, focusing on serving both listed and unlisted SMEs[27] - The investor relations business is expected to become a profitable segment for the company in the coming years, covering services such as promotional video production and investor meetings[61] Market Conditions and Challenges - The pandemic has led to a reduction in advertising budgets among clients, but the company remains confident in the growth potential of its new product offerings[26] - The COVID-19 outbreak has severely impacted economic activities in China and globally, leading to reduced demand for marketing expenditures[61] - The company continues to face intense competition from traditional television and other online platforms, impacting its financial services, brokerage, and fund management businesses[118] Corporate Governance - The board does not recommend the payment of a final dividend for the year ended March 31, 2020, compared to no dividend in 2019[58] - The board has confirmed compliance with the GEM Listing Rules Corporate Governance Code, with the exception of the separation of roles between the chairman and CEO[75] - The company has established a remuneration policy that is reviewed annually based on corporate objectives and performance[85] - The company has adopted a board nomination policy to ensure a balanced skill set and experience among board members[95] Environmental Responsibility - The total greenhouse gas emissions for 2020 were 27,892.3 kg, a decrease from 29,027.7 kg in 2019, representing a reduction of approximately 3.9%[181] - The company encourages employees to use public transportation to reduce vehicle emissions and promote environmental awareness[177] - The company has implemented a paperless electronic payroll system to minimize paper usage[185] - The company adheres to the 4R principles (Reduce, Reuse, Recycle, Replace) to promote sustainable operations[175] Shareholder Relations - The company has established multiple communication channels with shareholders, including regular briefings and a dedicated investor relations website[111] - The company has maintained compliance with GEM listing rules regarding sufficient public float[130] - The company has not purchased, sold, or redeemed any of its listed shares during the fiscal year ending March 31, 2020[125]