Financial Performance - For the nine months ended December 31, 2022, the company reported revenue of approximately HKD 296.7 million, an increase of about 220.7% compared to HKD 92.5 million in the same period of 2021[5]. - The gross profit for the same period was approximately HKD 72.8 million, representing a 124.2% increase from HKD 32.5 million in 2021[5]. - The company recorded a loss of approximately HKD 2.9 million for the nine months, a significant improvement from a loss of HKD 58.9 million in the previous year[5]. - The loss attributable to equity holders of the company for the nine months was approximately HKD 3.5 million, compared to HKD 47.7 million in 2021[5]. - The basic and diluted loss per share for the nine months was approximately HKD 0.15, a decrease from HKD 2.13 in the same period of 2021[5]. - The total comprehensive income for the nine months was a loss of approximately HKD 31.8 million, compared to a loss of HKD 36.6 million in 2021[8]. - The company reported a net loss of HKD 3,527,000 for the nine months ended December 31, 2022, compared to a loss of HKD 47,657,000 for the same period in 2021[34]. - The company’s total comprehensive loss for the nine months ended December 31, 2022, was HKD 28,655,000, including foreign exchange differences[37]. Revenue Breakdown - Revenue from prepaid card and internet payment business for the nine months ended December 31, 2022, was HKD 296,748 thousand, an increase from HKD 92,528 thousand in the same period of 2021, representing a growth of 220%[15]. - The revenue from merchant and technical support services for the nine months ended December 31, 2022, was HKD 289,964 thousand, significantly up from HKD 85,417 thousand in the same period of 2021, marking an increase of 239%[15]. - The company’s total segment revenue for the nine months ended December 31, 2022, was HKD 296,748 thousand, compared to HKD 95,245 thousand in the same period of 2021, indicating a growth of 212%[22]. - The company’s total revenue for the three months ended December 31, 2022, was HKD 119,945 thousand, compared to HKD 63,090 thousand in the same period of 2021, reflecting a growth of 90%[15]. Costs and Expenses - The total cost of services provided was about HKD 223.9 million, reflecting a 272.5% increase from HKD 60.1 million in the previous year[45]. - General administrative expenses decreased by approximately 12.1% to HKD 60.5 million from HKD 68.9 million in the previous year[46]. - Sales and distribution costs were approximately HKD 9.4 million, a decrease of about 47.8% from HKD 18.1 million in the previous year[48]. - Financing costs were around HKD 13.6 million, down 5.2% from HKD 14.4 million in the previous year[49]. - The company’s employee costs, including directors' remuneration and share-based payment costs, amounted to HKD 44,430 thousand for the nine months ended December 31, 2022, compared to HKD 37,875 thousand in the same period of 2021[24]. Taxation - The company reported a tax expense of HKD 0 for the nine months, compared to HKD 7 in the previous year[6]. - The company incurred a tax loss in various jurisdictions, resulting in no provision for Hong Kong profits tax, China corporate income tax, Singapore income tax, and Korean corporate tax for the nine months ended December 31, 2022[28]. - The company’s operating in China is subject to a corporate income tax rate of 25%, while certain subsidiaries benefit from a reduced rate of 15%[27]. - The company’s operations in Singapore and Korea are subject to income tax rates of 17% and between 10% to 25%, respectively[28]. Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules during the review period[60]. - There were no interests or potential conflicts of interest reported by directors or major shareholders in competing businesses during the review period[57]. - The company has established various committees, including a nomination committee and an audit committee, to oversee corporate governance practices[60]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[63]. - The audit committee reviewed the unaudited quarterly performance for the nine months ending December 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[63]. Shareholding and Securities - As of December 31, 2022, major shareholder Sino Starlet Limited holds 437,230,000 shares, representing 18.47% of the total shares[54]. - Zhang Chang, the beneficial owner of Sino Starlet, is deemed to have an interest in the same 437,230,000 shares[59]. - Vered Capital Limited holds a secured interest in 260,090,000 shares, accounting for 10.99% of the total shares[54]. - The company has not purchased, redeemed, or sold any of its listed securities during the review period[58]. - No directors or major executives have any rights to subscribe for shares or bonds of the company or its affiliates during the review period[53]. - The company has adopted trading standards for directors' securities transactions in accordance with GEM Listing Rules[61]. - No new arrangements were made that would allow directors or executives to hold interests in the company's shares or bonds during the review period[53]. Business Expansion - The prepaid card business has expanded to 15 provinces with over 1,600 partner merchants and 11 retail property developers[42]. - The company signed 196 new merchants for its internet payment services during the review period[42]. - The company aims to leverage its resources to expand its prepaid card business nationwide and enhance its consumer-oriented payment services[41]. Other Comprehensive Income - The company recognized other comprehensive income of approximately HKD 36.9 million for the three months ended December 31, 2022, compared to HKD 10.6 million in the same period of 2021[8]. - The company recognized a share-based payment expense of HKD 4,833,000 during the nine months ended December 31, 2022[37].

Financial Performance - For the six months ended September 30, 2022, the company's revenue and gross profit were approximately HKD 176.8 million and HKD 41.4 million, representing increases of approximately 500.6% and 154.4% compared to the same period in 2021[4]. - The company recorded a loss attributable to owners of approximately HKD 4.6 million for the review period, compared to a loss of approximately HKD 45.9 million in the same period of 2021[4]. - The basic and diluted loss per share attributable to owners for the review period was approximately HKD 0.19, compared to HKD 2.11 in the same period of 2021[4]. - The total comprehensive loss for the six months ended September 30, 2022, was approximately HKD 68.7 million, compared to HKD 47.2 million in the same period of 2021[10]. - The company reported a pre-tax loss from continuing operations of HKD 2.1 million for the three months ended September 30, 2022, compared to a loss of HKD 26.7 million in the same period of 2021[6]. - The company reported a total loss of HKD 57,148,000 for the period[47]. - The company incurred a loss of HKD 17,420 million for the period, with a pre-tax loss of HKD 17,347 million[71]. - The net loss attributable to equity holders was approximately HKD 4,600,000, significantly reduced from HKD 45,900,000 in the previous year[114]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to approximately HKD 717.0 million, compared to HKD 524.8 million as of March 31, 2022[12]. - Current liabilities increased to HKD 804,726 thousand as of September 30, 2022, compared to HKD 573,491 thousand as of March 31, 2022, reflecting a growth of 40.2%[14]. - The company’s total liabilities increased to HKD 189,949 thousand as of September 30, 2022, remaining unchanged from March 31, 2022[14]. - The company’s total liabilities increased to HKD 599,627 million, reflecting a significant rise compared to previous periods[86]. - The company’s net asset value as of September 30, 2022, was HKD 129,033 thousand, down from HKD 193,914 thousand as of March 31, 2022, reflecting a decrease of 33.5%[14]. - Total assets less current liabilities stood at HKD 143,046 thousand as of September 30, 2022, down from HKD 213,169 thousand as of March 31, 2022, indicating a decrease of 32.8%[14]. Cash Flow - Net cash used in operating activities for the six months ended September 30, 2022, was HKD (3,812) thousand, a significant improvement from HKD (28,004) thousand in the same period of 2021[25]. - The company reported a net cash outflow from financing activities of HKD (3,107) thousand for the six months ended September 30, 2022, compared to a net inflow of HKD 45,084 thousand in the same period of 2021[28]. - The company incurred a net cash outflow from investing activities of HKD (4,103) thousand for the six months ended September 30, 2022, compared to HKD (13,766) thousand in the same period of 2021[25]. - The net cash inflow from operating activities was HKD 8,303 million, while the net cash outflow from investing activities was HKD 12,688 million, resulting in a total cash outflow of HKD 4,948 million[71]. Revenue Segments - Total revenue from prepaid card and online payment business for the six months ended September 30, 2022, was HKD 176,465,000, with a segment profit of HKD 10,596,000[44]. - The company generated revenue of HKD 172,048,000 from merchant and technical support services for the six months ended September 30, 2022, compared to HKD 24,472,000 in the same period of the previous year, reflecting a substantial increase[39]. - Revenue from prepaid card and internet payment business contributed approximately HKD 176,500,000, while high-end equity business generated about HKD 300,000[108]. - Total revenue for the three months ended September 30, 2022, was HKD 53,810,000, compared to HKD 15,784,000 in the same period of the previous year[39]. - Total revenue from prepaid card and online payment business reached HKD 28,850,000 for the period[47]. Shareholder Information - As of September 30, 2022, Zhang Chang holds 437,230,000 shares, representing 18.47% of the total shares[130]. - Vered Capital Limited owns 260,090,000 shares, accounting for 10.99% of the total shares[130]. - The total number of shares that may be issued upon the exercise of options under the share option plan is capped at 30% of the total issued shares[139]. - The maximum number of shares that can be issued upon full exercise of options under the share option plan is 197,301,869, which is approximately 10.00% of the total issued shares[139]. Corporate Governance - The company has complied with all corporate governance codes during the review period[156]. - The audit committee reviewed the unaudited interim results for the six months ending September 30, 2022, and found them to be prepared in accordance with applicable accounting standards[159]. - The board of directors is responsible for overseeing the company's overall strategy and development, as well as monitoring internal control policies[155]. - The company has established various committees, including a nomination committee, remuneration committee, audit committee, internal control committee, and compliance committee[155]. - The company is committed to ensuring the accuracy of financial reporting and compliance with relevant regulations[155]. Strategic Initiatives - The company is actively negotiating with bondholders regarding existing and future settlement schedules, aiming to secure necessary financial support[38]. - The company is implementing cost control measures to enhance profitability and improve future cash flows[38]. - The company plans to continue enhancing its payment network systems and expanding its market presence through strategic investments and partnerships[75]. - The company aims to provide a one-stop solution combining payment, benefits, and credit services to its users[105]. - The company plans to leverage resources from its subsidiaries to expand the prepaid card business nationwide[106]. - The company has established partnerships with major commercial and retirement property developers to support strong business growth[106].

Financial Performance - For the three months ended June 30, 2022, the group reported revenue from continuing operations of approximately HKD 122,990,000, an increase of about 801% compared to HKD 13,654,000 in the same period of 2021[5] - The gross profit for the same period was approximately HKD 21,980,000, representing an increase of about 79% from HKD 12,263,000 in the previous year[5] - The loss from continuing operations for the three months ended June 30, 2022, was approximately HKD 2,260,000, a significant reduction from a loss of HKD 12,990,000 in the same period of 2021[5] - The loss attributable to equity holders of the company for the same period was approximately HKD 2,160,000, compared to HKD 15,790,000 in the previous year[5] - The basic and diluted loss per share attributable to equity holders of the company from continuing operations was HKD 0.09, down from HKD 0.41 in the same period of 2021[10] - The total comprehensive loss for the period was HKD 16,172,000, compared to HKD 9,765,000 in the previous year[12] - The company recorded a net loss attributable to equity holders of approximately HKD 2,200,000, with a basic loss per share of HKD 0.09[59] Revenue Sources - For the three months ended June 30, 2022, the company reported total revenue of HKD 122,993, an increase from HKD 13,654 in the same period of 2021[19] - The prepaid card and internet payment business generated revenue of HKD 122,869, while the high-end equity business contributed HKD 124[24] - Revenue from prepaid card and internet payment services accounted for approximately HKD 122,900,000, while high-end benefits business contributed about HKD 100,000[54] - The prepaid card and internet payment business achieved a robust growth of approximately 810% during the review period[52] Expenses and Costs - The total operating expenses, including employee costs, amounted to HKD 14,957 for the current period, up from HKD 12,130 in the previous year[30] - General administrative expenses decreased to HKD 19,169,000 from HKD 20,636,000 in the previous year[7] - General administrative expenses were approximately HKD 19,200,000, a decrease of about 7.1% compared to the previous period[56] - Sales and distribution costs were approximately HKD 3,100,000, reflecting an increase of about 39.4% due to the expansion of prepaid card and internet payment services[57] - Financing costs were approximately HKD 4,500,000, a decrease of about 9.8% due to a reduction in bond principal[58] Taxation - The company did not recognize any Hong Kong profits tax provision due to tax losses carried forward from previous years[32] - The group operates under a 25% corporate income tax rate in China, with certain subsidiaries benefiting from a reduced rate of 15%[33] - The group has a tax rate of 17% for operations in Singapore, and 10% to 25% for operations in South Korea[34] - The group did not recognize any tax provisions for corporate income tax in China, Singapore, or South Korea for the three months ended June 30, 2022, due to ongoing tax losses[34] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules during the review period[73] - The Audit Committee has reviewed the unaudited quarterly results and confirmed compliance with applicable accounting standards and GEM Listing Rules[76] - The company has established various committees, including the Audit Committee, to oversee financial reporting and risk management[73] - No interests or potential conflicts of interest were reported by directors or major shareholders in competing businesses during the review period[71] - The board of directors is responsible for overseeing the company's overall strategy and development, ensuring compliance with internal controls and financial performance evaluation[73] Shareholder Information - As of June 30, 2022, Mr. Zhang holds approximately 437,230,000 shares, representing 18.47% of the company's equity[68] - Vered Capital Limited has a secured interest in 260,090,000 shares, accounting for 10.99% of the total[68] - The weighted average number of ordinary shares issued for the three months ended June 30, 2022, was 2,367,618,693 shares, compared to 1,977,354,957 shares for the same period last year[40] Dividends - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2022, consistent with the previous year[5] - No dividends were recommended for the three months ended June 30, 2022, consistent with the previous year[36] Business Focus - The group’s operational focus remains on the prepaid card and internet payment business in China, as well as the high-end equity business[21] - The prepaid card business has expanded to 15 provinces with over 1,600 partner merchants and 11 retail property developers[52] - The company is focusing on establishing partnerships with major commercial and retirement property developers to support strong business growth[54] Other Income - The group recorded other income of HKD 1,874,000 for the three months ended June 30, 2022, compared to HKD 954,000 in the same period of 2021[7] - The company reported a total of HKD 1,874 in unallocated other income for the current period[24]

Financial Performance - For the fiscal year ending March 31, 2022, the company reported total revenue of HKD 185,387,000, a significant increase from HKD 55,673,000 in the previous year, representing a growth of 233%[6] - The gross profit for the same period was HKD 53,393,000, compared to HKD 28,245,000 in the prior year, indicating a year-over-year increase of 89%[6] - The company incurred a loss from continuing operations before tax of HKD 53,382,000, an improvement from a loss of HKD 92,410,000 in the previous year, reflecting a reduction of 42%[6] - The total comprehensive loss for the year was HKD 86,788,000, down from HKD 117,271,000 in the previous year, marking a decrease of 26%[13] - The company reported a basic loss per share from continuing operations of HKD 0.54, compared to HKD 0.31 in the previous year[8] - The company reported a total loss for the year of HKD 86,788, with a pre-tax loss of HKD 86,688[44] - The financing costs for continuing operations amounted to HKD 24,639 thousand in 2022, a decrease of 19% from HKD 30,316 thousand in 2021[64] - The tax expense for continuing operations was HKD 27 thousand in 2022, compared to a tax credit of HKD 1,243 thousand in 2021[63] - The company reported a pre-tax loss of HKD 53,382 thousand in 2022, an improvement from a pre-tax loss of HKD 92,410 thousand in 2021[71] - The net loss attributable to equity holders of the company was approximately HKD 68,000,000, with a basic loss per share of HKD 0.0298, compared to HKD 0.0573 in the previous fiscal year[135] Assets and Liabilities - The company's total assets as of March 31, 2022, amounted to HKD 524,797,000, compared to HKD 484,264,000 in the previous year, showing an increase of 8%[15] - The net asset value attributable to equity holders of the company was HKD 147,031,000, up from HKD 129,444,000 in the previous year, representing an increase of 14%[22] - As of March 31, 2022, the group's current liabilities exceeded current assets by approximately HKD 48,694,000, raising concerns about the ability to continue as a going concern[33] - Total assets as of March 31, 2022, were HKD 786,660, with total liabilities of HKD 592,746, resulting in a net asset position of HKD 193,914[49] - The company’s debt-to-asset ratio was approximately 24%, a slight decrease from 25% in the previous year[138] - The net current liabilities were approximately HKD 49,000,000, down from HKD 118,000,000 in the previous year, with a current ratio of approximately 0.92 compared to 0.80 previously[138] Business Operations and Strategy - The company has terminated its merchant acquiring business in Thailand and internet micro-lending business in China, focusing on prepaid card and internet payment services in China[26] - The company plans to continue exploring market expansion opportunities and new product development in the prepaid card and internet payment sectors[26] - The group has identified its operating segments, including prepaid card and internet payment business in China, and high-end equity business in China[39] - The company plans to focus on expanding its prepaid card and internet payment services, aiming to enhance market penetration and customer engagement[44] - The company is exploring new strategies for market expansion and potential mergers and acquisitions to strengthen its competitive position[44] - The company aims to leverage its resources to expand its prepaid card business nationwide and deepen its partnerships in the industry[117] - The company is exploring new opportunities in the health and medical sector through information technology solutions and smart terminal devices[121] Revenue Sources - For the year ended March 31, 2022, total revenue from prepaid card and internet payment business was HKD 183,971, while high-end equity business generated HKD 1,416, and merchant acquiring business contributed HKD 3,200, leading to a consolidated revenue of HKD 188,587[44] - The revenue from prepaid card and internet payment business increased to HKD 174,608 thousand in 2022 from HKD 26,604 thousand in 2021, representing a growth of 558%[55] - The income from prepaid card management fees rose to HKD 8,496 thousand in 2022, up from HKD 6,247 thousand in 2021, marking an increase of 36%[55] - The total revenue for the reporting period was approximately HKD 189,000,000, representing an increase of about 128% compared to the previous fiscal year (HKD 83,000,000) due to significant growth in prepaid card and internet payment businesses[128] - The total income from high-end equity card issuance decreased significantly to HKD 1,416 thousand in 2022 from HKD 21,967 thousand in 2021, reflecting a decline of 93%[55] Employee and Corporate Governance - As of March 31, 2022, the group had a total of 161 employees, a decrease from 192 employees in 2021, with 16 in Hong Kong and 145 in China[142] - The board of directors includes four executive directors and three independent non-executive directors[164] - The board of directors did not recommend the payment of a final dividend for the reporting period[141] Regulatory and Compliance - The group’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with no significant impact from newly adopted standards[32][36] - The company holds one of only six national payment business licenses in China, focusing on providing integrated payment, loyalty, and credit services[117] - The company has received regulatory recognition for its stable and compliant operations in the internet payment sector[117] Capital and Financing - The company issued bonds with a principal amount of USD 32,000,000 (approximately HKD 248,000,000) at an annual interest rate of 9%, which were completed in August 2016[99] - As of March 31, 2022, the remaining principal amount of bonds was approximately USD 24,352,000 (approximately HKD 189,949,000), down from USD 26,972,000 (approximately HKD 210,385,000) in the previous year[100] - The company increased its authorized share capital from HKD 20,000,000 to HKD 100,000,000, allowing for the issuance of an additional 8,000,000,000 shares[103] - The total issued and paid-up shares as of March 31, 2022, were 2,367,618,693 shares, an increase from 1,973,018,693 shares in the previous year[107] - The net proceeds from the first placement of shares were approximately HKD 51,888,000, used to repay part of the current liabilities, including bonds and accrued interest[107] Future Outlook - The financial results indicate a need for strategic adjustments to improve profitability and reduce losses in the upcoming fiscal year[44] - The group expects the audit process for the financial results for the year ending March 31, 2022, to be completed within two weeks, with the annual report to be issued shortly thereafter[160] - The group will publish further announcements regarding the audited financial results and any significant differences compared to the unaudited results by the end of July 2022[162]

Financial Performance - For the nine months ended December 31, 2021, the company's revenue and gross profit were approximately HKD 95,250,000 and HKD 33,530,000, representing an increase of about 61.53% and 4.54% compared to the same period in 2020[5]. - The company recorded a loss of approximately HKD 58,880,000 for the nine-month period, an improvement from a loss of HKD 65,040,000 in the same period of 2020[5]. - The loss attributable to equity holders of the company for the nine months was approximately HKD 47,660,000, compared to HKD 53,390,000 in 2020[5]. - The basic and diluted loss per share attributable to equity holders for the nine months was approximately HKD 2.01, down from HKD 3.25 in the previous year[9]. - For the three months ended December 31, 2021, the company reported revenue of HKD 63,682,000, compared to HKD 29,629,000 in the same period of 2020, marking a significant increase[7]. - The gross profit for the three-month period was HKD 16,441,000, compared to HKD 14,743,000 in the same period of 2020[7]. - The total comprehensive income for the nine months was a loss of HKD 36,592,000, compared to a loss of HKD 4,711,000 in the same period of 2020[11]. - The company reported a total loss before tax of HKD 58,803 thousand for the nine months ended December 31, 2021, compared to a loss of HKD 65,044 thousand in the same period of 2020, indicating a slight improvement[24]. - The total comprehensive loss for the nine months ended December 31, 2021, included a total expenditure of HKD 47,657,000[56]. Revenue Segmentation - Revenue for the nine months ended December 31, 2021, was HKD 95,245 thousand, an increase from HKD 58,965 thousand in the same period of 2020, representing a growth of 61.5%[18]. - The segment revenue from prepaid card and internet payment business was HKD 91,444 thousand for the nine months ended December 31, 2021, compared to HKD 29,617 thousand in 2020, reflecting a significant increase of 208.5%[24]. - The company’s total revenue from merchant acquiring business was HKD 2,717 thousand for the nine months ended December 31, 2021, compared to HKD 10,435 thousand in the same period of 2020, reflecting a decline of 73.9%[24]. - The company’s total revenue from foreign exchange discount income was HKD 504 thousand for the nine months ended December 31, 2021, compared to HKD 1,977 thousand in the same period of 2020, indicating a decrease of 74.5%[18]. - Revenue from prepaid card and internet payment business accounted for approximately HKD 91,400,000, while revenue from merchant acquiring business in Thailand was about HKD 2,700,000, and high-end benefits business contributed around HKD 1,100,000[87]. Cost and Expenses - The company has been focusing on improving operational efficiency and reducing administrative expenses, which decreased to HKD 85,384,000 from HKD 86,324,000 year-over-year[7]. - The cost of services provided was approximately HKD 61,700,000, reflecting an increase of about 130% compared to the previous period, consistent with the revenue growth[88]. - General administrative expenses for the review period were approximately HKD 85,400,000, showing a decrease of about 1% compared to the same period last year[89]. - Employee costs, including directors' remuneration and share-based payment expenses, totaled HKD 48,469,000 for the nine months ended December 31, 2021, up from HKD 37,820,000 in 2020, reflecting a 28.5% increase[32]. - The financing costs for the nine months ended December 31, 2021, amounted to HKD 18,948 thousand, down from HKD 23,312 thousand in the same period of 2020, showing a reduction of 18.8%[30]. Corporate Governance - The board of directors is responsible for overseeing the company's overall strategy and development, as well as monitoring internal control policies and evaluating financial performance[111]. - The company has complied with all applicable provisions of the corporate governance code during the review period[112]. - The company has established various committees, including a nomination committee, remuneration committee, audit committee, internal control committee, and compliance committee, to enhance corporate governance[111]. - The Audit Committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors, with Dr. Yuan Shumin as the chairman[115]. - The Audit Committee reviewed the unaudited quarterly performance for the nine months ending December 31, 2021, confirming compliance with applicable accounting standards and sufficient disclosure[115]. Strategic Initiatives - The company is actively exploring investment opportunities in the fintech and information technology sectors in the Greater Bay Area of China, considering favorable policies and the rapid recovery of the Chinese economy from the pandemic[83]. - The company is shifting its business focus from the Thai merchant acquiring market to other segments, such as prepaid card and internet payment businesses in China, due to skepticism about future growth in the Thai market[84]. - The company is closely monitoring the development of the COVID-19 pandemic and its impact on financial performance, taking necessary actions to maintain business stability and sustainability[83]. - The company has engaged an IT firm to explore software development related to payment services, focusing on local consumption in the Asia-Pacific region and cross-border e-commerce payment expansion[81]. - The company is actively expanding its prepaid card business and has completed system integration for cross-border RMB services with several banks[75]. Shareholder Information - As of December 31, 2021, major shareholder Zhang Chang holds 437,230,000 shares, representing 18.47% of the total shares[105]. - Vered Capital Limited holds a secured interest in 260,090,000 shares, representing 10.99% of the total shares[105]. - The company issued 200,000,000 new ordinary shares at a subscription price of HKD 0.078 per share, representing 20% of the total issued share capital as of August 31, 2021[66]. - The company will see its equity in Oriental Payment diluted from 32.5% to approximately 27.08% following the issuance of 200,000,000 subscription shares[68]. - After the completion of the subscription, Oriental Payment will no longer be a subsidiary of the company, and its financial performance will not be consolidated into the group's financial statements[69].