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]

Financial Performance - For the nine months ended December 31, 2019, the group recorded revenue of approximately HKD 20,465,000, an increase of about 94.4% compared to HKD 10,525,000 for the same period in 2018[4] - The unaudited consolidated loss attributable to the owners of the company for the nine months ended December 31, 2019, was approximately HKD 11,702,000, a decrease from HKD 26,248,000 for the same period in 2018[4] - The gross profit for the nine months ended December 31, 2019, was HKD 18,992,000, compared to HKD 8,719,000 for the same period in 2018[7] - The total comprehensive loss for the nine months ended December 31, 2019, was HKD 11,935,000, compared to HKD 25,101,000 for the same period in 2018[9] - The group reported total revenue of HKD 22,882,000 for the nine months ended December 31, 2019, compared to HKD 9,347,000 for the same period in 2018, representing a growth of 144%[23] - The group reported a total income of HKD 7,423,000 for the three months ended December 31, 2019, compared to HKD 2,743,000 for the same period in 2018, an increase of 171%[23] - The company reported a loss attributable to owners of approximately HKD 803,000 for the three months ended December 31, 2019, and HKD 11,702,000 for the nine months ended December 31, 2019, compared to losses of approximately HKD 9,260,000 and HKD 26,248,000 for the same periods in 2018[175] - Other income and losses for the nine months ended December 31, 2019, amounted to approximately HKD 2,417,000, compared to a loss of HKD 1,178,000 in the same period of 2018, marking an increase of about 105.2%[190] Dividends and Recommendations - The board of directors does not recommend the payment of a dividend for the nine months ended December 31, 2019[5] - The company did not recommend the payment of dividends for the nine months ended December 31, 2019, consistent with the previous year[175] Revenue Sources - Revenue from financial information services was HKD 168,000 for the nine months ended December 31, 2019, down from HKD 746,000 in the same period of 2018, a decrease of 77%[23] - The group recognized rental income of HKD 1,560,000 for the nine months ended December 31, 2019, compared to HKD 1,189,000 for the same period in 2018, an increase of 31%[23] - The group’s income from advertising, investor relations, and brand promotion services was HKD 4,442,000 for the three months ended December 31, 2019, compared to HKD 1,703,000 for the same period in 2018, a growth of 161%[23] - Revenue from financial information, advertising, and investor relations services slightly decreased during the fiscal period[187] Expenses and Liabilities - The company incurred bank loan interest expenses of HKD 343,000 for the nine months ended December 31, 2019[172] - The company reported a tax expense of approximately HKD 99,000 for profits generated in Hong Kong for the three months ended December 31, 2019[173] - General and administrative expenses for the nine months ended December 31, 2019, were approximately HKD 32,232,000, a slight decrease of about 1% from HKD 32,590,000 in the same period of 2018[190] - The company’s total liabilities as of December 31, 2019, were reported at HKD 276,584,000[167] Assets and Financial Standards - The company’s total assets as of December 31, 2019, were reported at HKD 321,095,000[167] - The group expects that the adoption of Hong Kong Financial Reporting Standard 16 will lead to an increase in both assets and liabilities, affecting the timing of expense recognition[19] - The group has not yet applied new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their potential impact[18] - The group has chosen to adopt the modified retrospective approach for the initial application of HKFRS 16, recognizing the cumulative effect without restating prior year comparative amounts[20] - The group anticipates that the transitional adjustments from the adoption of HKFRS 16 will not be significant[18] Business Operations and Strategy - The company primarily engages in providing financial information services and technology solutions in Hong Kong and Greater China[11] - The company has not disclosed any new product or technology developments in this report[4] - There are no mentions of market expansion or acquisitions in the current report[4] - The group plans to strengthen its sales and marketing teams to diversify revenue streams and enhance its market share in the media industry in mainland China and Hong Kong[193] - The investor relations business is expected to become a profitable segment for the group in the coming years, covering services for listed companies and pre-IPO tasks[193] - The group continues to expand its securities services, including portfolio management and private fund investment consulting, which is anticipated to generate significant management and performance fee income[194] Employment and Workforce - As of December 31, 2019, the group employed 81 full-time staff in Hong Kong and China, down from 105 as of March 31, 2019[199] - Employee expenses for the nine months ended December 31, 2019, totaled approximately HKD 18,967,000, a decrease from HKD 20,600,000 in the same period of 2018[199] Media and Investment Properties - The company’s media business, operated through Modern Television Limited, continues to grow, with the FinTV brand providing a significant driver for future business growth[183] - The company’s investment properties in China continue to provide stable income and positive contributions to financial performance[185]

Financial Performance - For the six months ended September 30, 2019, the group recorded revenue of approximately HKD 15,270,000, an increase of about 94.5% compared to HKD 7,851,000 for the same period in 2018[5] - The unaudited consolidated loss attributable to owners of the company for the six months ended September 30, 2019, was approximately HKD 10,900,000, compared to a loss of HKD 16,988,000 for the same period in 2018[5] - The group reported a gross profit of HKD 13,968,000 for the six months ended September 30, 2019, compared to HKD 6,465,000 for the same period in 2018[7] - The group incurred a loss before tax of HKD 11,633 thousand for the six months ended September 30, 2019, compared to a loss of HKD 16,800 thousand for the same period in 2018[40] - The company reported a loss attributable to owners of approximately HKD 2,468,000 for the three months ended September 30, 2019, and HKD 10,900,000 for the six months ended September 30, 2019, compared to losses of HKD 6,514,000 and HKD 16,988,000 for the same periods in 2018[58] Revenue Breakdown - Revenue from financial information services increased to HKD 100 thousand for the six months ended September 30, 2019, up from HKD 427 thousand in the same period of 2018[33] - Advertising, investor relations, and brand promotion service revenue surged to HKD 14,292 thousand for the six months ended September 30, 2019, compared to HKD 6,350 thousand in the previous year, marking a growth of 125.7%[33] - The company reported a total revenue of HKD 320,095,000 for the period, with a notable increase in user engagement metrics[16] Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 125,461,000, an increase from HKD 120,723,000 as of March 31, 2019[11] - The total liabilities as of September 30, 2019, were HKD 66,147,000, compared to HKD 56,381,000 as of March 31, 2019[13] - The net asset value as of September 30, 2019, was HKD 57,314,000, a decrease from HKD 68,342,000 as of March 31, 2019[13] - The group’s total assets as of September 30, 2019, amounted to HKD 125,461 thousand, while total liabilities were HKD 68,147 thousand[46] Cash Flow and Financing - For the six months ended September 30, 2019, the net cash outflow from operating activities was HKD (8,812,000), compared to a net inflow of HKD 36,000 in the same period of 2018[19] - The net cash inflow from financing activities was HKD 14,618,000, a significant increase from a net outflow of HKD (1,141,000) in the previous year[19] - The total cash and cash equivalents at the end of the period increased to HKD 18,373,000 from HKD 17,904,000 year-on-year[19] - The group's cash and cash equivalents were approximately HKD 18,373,000 as of September 30, 2019, compared to HKD 12,749,000 as of March 31, 2019[86] Expenses - The group’s administrative expenses for the six months ended September 30, 2019, were HKD 24,968,000, compared to HKD 21,697,000 for the same period in 2018[7] - The company reported a total depreciation expense of HKD 1,953,000 for the six months ended September 30, 2019, compared to HKD 1,480,000 for the same period in 2018[53] - General and administrative expenses increased by approximately 15.1% to HKD 24,968,000 compared to HKD 21,697,000 in the previous year, primarily due to increased provisions for trade receivables and other operational costs[83] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[120] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[114] - No major interests were held by directors or management in contracts significant to the group's business during the reporting period[116] Strategic Focus and Development - The company is focusing on expanding its financial information services and technology solutions in the Greater China region[21] - The company is actively pursuing new product development and technological advancements to enhance service offerings[21] - The company continues to implement its growth strategy in the Internet, mobile, and media sectors, focusing on the development of the "FinTV" brand[76] - The investment relations business is expected to become a profitable segment for the group in the coming years, covering services for listed companies and pre-IPO tasks[90] Employee and Shareholder Information - As of September 30, 2019, the group had 111 full-time employees, an increase from 105 as of March 31, 2019[96] - Major shareholder Ms. Lau holds 43,458,058 shares, representing approximately 6.57% of the total equity[104] - Pablos and Maxx Capital collectively own 343,997,678 shares, accounting for 51.61% of the total equity[104] - The company granted a total of 17,160,000 share options during the six months ended September 30, 2019[109]

手 財華社 FINET 財華社集團有限公司 (於百慕逵存續之有限公司) (股份代號: 08317) | --- | --- | |----------------------|-----------------------------| | | | | · 香港 • 深圳 · 北京 | | | | 財華盡顯 展望未來 | | | 第 一 季 度 報 告 2019/2020 | 香港聯合交易所有限公司（「聯交所」）GEM的特點 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資者應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方作出投資決定。GEM的較高風險及其他特色， 表示GEM較適合專業及其他資深投資者。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 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 ...

Financial Performance - Revenue for the year ended March 31, 2019, was HKD 19,637,000, an increase from HKD 18,774,000 in 2018, representing a growth of 4.6%[16] - Loss attributable to owners of the company for the year was HKD (28,870,000), an improvement from a loss of HKD (35,814,000) in the previous year[16] - The group's revenue for the fiscal year ending March 31, 2019, was approximately HKD 19,637,000, representing an increase of about 4.6% compared to HKD 18,774,000 in the previous year[28] - The advertising and investor relations service revenue increased by approximately HKD 1,787,000, contributing to over 80% of total revenue, which grew by 13% year-on-year[19] - The group reported a net loss attributable to owners of approximately HKD 28,870,000, an improvement from a loss of HKD 35,814,000 in the previous year[34] Assets and Liabilities - Total assets as of March 31, 2019, were HKD 120,723,000, down from HKD 145,787,000 in 2018, indicating a decrease of 17.2%[16] - Total liabilities increased to HKD 52,381,000 in 2019 from HKD 42,335,000 in 2018, reflecting a rise of 23.8%[16] - Net asset value decreased to HKD 68,342,000 in 2019 from HKD 103,452,000 in 2018, a decline of 33.9%[16] - Cash and cash equivalents as of March 31, 2019, were HKD 12,749,000, down from HKD 20,331,000 in 2018, a decrease of 37.1%[16] - The net current assets decreased by 80.2% to HKD 4,373,000 from HKD 22,072,000[36] - Total equity decreased by approximately HKD 35,110,000 to about HKD 68,342,000, a reduction of about 33.9% from HKD 103,452,000[38] Operational Efficiency - The cost of sales decreased by approximately 19.3% to HKD 2,201,000 from HKD 2,726,000 in the previous year[33] - General and administrative expenses decreased by about 4.9% to approximately HKD 44,241,000 from HKD 46,523,000 in the previous year[33] - The group plans to increase IT investment to enhance marketing solutions and integrate various media resources effectively[21] Strategic Focus - The company continues to focus on expanding its financial information services and online trading business segments[6] - The group continues to expand its media business through the FinTV brand, which is expected to be a major driver of future growth[23] - The group is focusing on property investment, which continues to provide stable income and positively contributes to financial performance[25] - The group aims to leverage the advantages of the 5G era to enhance its market share and provide timely, professional information to enterprises and investors[21] Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[4] - The board held four formal meetings during the year ended March 31, 2019, with a 100% attendance rate from all executive and independent non-executive directors[114] - The audit committee, composed of three independent non-executive directors, held four meetings and reviewed the company's financial reporting procedures and internal control systems[122] - The board is committed to maintaining high standards of corporate governance, focusing on transparency and accountability to all shareholders[114] - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted regarding the roles of the chairman and CEO[114] Shareholder Information - The board of directors did not recommend a final dividend for the year ending March 31, 2019[90] - The company reported a reserve available for dividend distribution of approximately HKD 39,931,000 as of March 31, 2019, down from HKD 84,581,000 in 2018[172] - The board of directors did not recommend the payment of dividends for the fiscal year ending March 31, 2019, consistent with the previous year[171] Employee and Operational Metrics - The total employee cost for the year was approximately HKD 26.64 million, down from HKD 27.71 million in 2018[85] - The group had 105 full-time employees as of March 31, 2019, compared to 128 in 2018[84] Related Party Transactions - The company’s independent non-executive directors reviewed and confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[198] - The auditor issued an unqualified opinion on the group’s related party transactions, confirming compliance with GEM Listing Rules[198]

Financial Performance - For the nine months ended December 31, 2018, the group recorded revenue of approximately HKD 10,525,000, a decrease of about 16.1% compared to HKD 12,545,000 for the same period in 2017[4] - The group reported an unaudited consolidated loss attributable to owners of the company of approximately HKD (26,248,000) for the nine months ended December 31, 2018[6] - The basic and diluted loss per share for the nine months ended December 31, 2018, was HKD (3.94), compared to HKD (4.65) for the same period in 2017[6] - The gross profit for the nine months ended December 31, 2018, was HKD 8,719,000, down from HKD 10,574,000 in the same period of 2017[6] - The total comprehensive loss for the nine months ended December 31, 2018, was HKD (25,101,000), compared to HKD (25,136,000) for the same period in 2017[8] - Revenue for the three months ended December 31, 2018, was HKD 2,743,000, a decrease of 40.7% compared to HKD 4,626,000 for the same period in 2017[17] - Total revenue for the nine months ended December 31, 2018, was HKD 9,347,000, down 57.8% from HKD 22,143,000 in the previous year[17] - The group reported a loss of HKD 1,178,000 for the nine months ended December 31, 2018, compared to a profit of HKD 9,598,000 in the previous year[17] - The company recorded a revenue of approximately HKD 10,525,000 for the nine months ended December 31, 2018, a decrease of about 16.1% compared to HKD 12,545,000 for the same period in 2017[64] - Other income and losses for the nine months ended December 31, 2018, resulted in a loss of approximately HKD 1,178,000, a significant decrease of about 112.3% compared to a gain of HKD 9,598,000 in 2017[64] - The company reported a tax expense of approximately HKD 231,000 for the nine months ended December 31, 2018, compared to HKD 107,000 in 2017, primarily due to net rental income from investment properties in China[45] Expenses and Costs - The group experienced a significant increase in selling and marketing expenses, totaling HKD (32,590,000) for the nine months ended December 31, 2018[6] - Administrative expenses shared income for the nine months ended December 31, 2018, was HKD 1,688,000, down from HKD 2,120,000 in the previous year[17] - The cost of sales for the nine months ended December 31, 2018, was approximately HKD 1,806,000, down 8.4% from HKD 1,971,000 in the previous year[64] - General and administrative expenses for the nine months ended December 31, 2018, were approximately HKD 32,590,000, a reduction of about 21.0% from HKD 41,243,000 in the previous year[65] - The financing cost for the nine months ended December 31, 2018, was approximately HKD 343,000, compared to HKD 6,902,000 for the same period in 2017, which included convertible bond interest expenses of about HKD 6,366,000 and bank loan interest expenses of about HKD 536,000[67] Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the nine months ended December 31, 2018[4] - The company did not recommend any dividend for the nine months ended December 31, 2018, consistent with the previous year[47] - As of December 31, 2018, the company had 666,538,774 issued ordinary shares with a par value of HKD 0.01 each[89] - Ms. Lau holds 43,458,058 shares, representing 65.27% of the total issued shares[88] - Maxx Capital and Pablos collectively own 343,997,678 shares, accounting for 51.61% of the total issued shares[88] - Broadgain International Limited holds 43,800,000 shares, which is 6.57% of the total issued shares[88] - Hong Kong Central Clearing and Settlement System holds 39,000,000 shares, representing 5.85% of the total issued shares[88] - The company has not repurchased any shares during the nine months ending December 31, 2018[101] - There are no unexercised share options or warrants as of December 31, 2018[92][93] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO due to a vacancy in the CEO position[104] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[98] - No significant contracts involving directors' interests were established during the nine months ending December 31, 2018[99] Business Operations and Market Conditions - The group is primarily engaged in providing financial information services and technology solutions in Hong Kong and Greater China[10] - The company continues to develop its "FinTV" brand, which is expected to be a major driver of future business growth[57] - The company faced challenges in improving its loan business due to intense market competition[60] - The company experienced a decrease in revenue from its securities and futures business due to reduced income from special administrative services related to stock processing[63] - The group relocated its PCB production activities to a newly renovated facility, which is expected to enhance production efficiency despite initial disruptions and increased production costs[75] - The group is closely monitoring the performance of its equity investments to mitigate potential financial risks associated with market fluctuations[77] Fair Value and Financial Assets - The group reported a fair value loss of HKD 2,899,000 on financial assets measured at fair value through profit or loss for the nine months ended December 31, 2018[17] - As of December 31, 2018, the group held financial assets measured at fair value with changes recognized in profit or loss amounting to approximately HKD 1,419,000, down from HKD 5,813,000 as of March 31, 2018[68] - The group recognized a loss of HKD 2,415,000 from the sale of 11,500,000 shares of Da Chang Micro Line Group Limited for the nine months ended December 31, 2018, compared to a gain of HKD 75,000 in 2017[69] Adoption of Accounting Standards - The group adopted HKFRS 15 from April 1, 2018, with no significant impact on financial performance[14] - The group has not yet applied new or revised HKFRS that have been issued but are not yet effective, and is currently assessing their potential impact[15]