Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 10.56 million, a decrease of about 23.64% compared to HKD 13.83 million for the same period in 2022[7]. - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 4.21 million, compared to a loss of approximately HKD 2.83 million for the same period in 2022[7]. - For the three months ended September 30, 2023, the loss attributable to owners of the company was approximately HKD 0.56 million, contributing to an overall loss of approximately HKD 4.21 million for the nine months[7]. - The group reported a pre-tax loss of approximately HKD 4.21 million for the nine months ended September 30, 2023, compared to a pre-tax loss of approximately HKD 2.83 million for the same period in 2022[10]. - The total comprehensive loss for the nine months ended September 30, 2023, was approximately HKD 4.28 million, compared to HKD 2.84 million for the same period in 2022[10]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 6.1 cents, compared to HKD 4.4 cents for the same period in 2022[10]. Equity and Dividends - The board of directors does not recommend the payment of a dividend for the nine months ended September 30, 2023, consistent with the previous year[7]. - The group has not declared any dividends for the nine months ended September 30, 2023, consistent with the previous year[20]. - As of September 30, 2023, the total equity attributable to owners of the company was approximately HKD 22.30 million, down from HKD 28.60 million as of September 30, 2022[11]. - The group issued ordinary shares amounting to HKD 1.28 million during the reporting period, increasing total equity[11]. - The total number of ordinary shares of the group as of September 30, 2023, was 76,800,000 shares[27]. Market Conditions and Future Outlook - Hong Kong's IPO activity remains low, with only 42 companies raising approximately USD 3.13 billion in the first nine months of 2023, a 65% year-on-year decline, marking the lowest level since 2003[21]. - Management expects improvements in the Chinese economy in the fourth quarter of 2023 and 2024, which may benefit the group's business performance[24]. - The group has faced challenges in marketing and due diligence due to the COVID-19 pandemic, impacting its operational performance[22]. - The group has maintained frequent communication with existing and potential clients regarding corporate financing opportunities despite a competitive environment[22]. Corporate Governance - The audit committee reviewed the financial statements for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards[41]. - The company has established a remuneration committee to review and recommend remuneration policies for directors and senior management[39]. - The company has a nomination committee responsible for developing nomination policies and making recommendations to the board[40]. - The board has maintained a governance structure in compliance with GEM listing rules[38]. - No conflicts of interest were reported among directors and management regarding competitive businesses[33]. Shareholding Structure - Mr. Li Junwei holds 13,879,000 shares, representing 18.07% of the company's equity[31]. - Kerry Investment holds 18,790,000 shares, accounting for 24.47% of the company's equity[32]. - No share options were granted during the reporting period[34]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2023[35].

Financial Performance - For the six months ended June 30, 2023, the group recorded revenue of approximately HKD 6.22 million, a decrease of 39.5% compared to HKD 10.35 million for the same period in 2022[7] - The loss attributable to owners of the company for the six months ended June 30, 2023, was approximately HKD 3.65 million, compared to a loss of HKD 1.24 million for the same period in 2022, representing an increase of 194.4%[7] - For the three months ended June 30, 2023, the loss attributable to owners was approximately HKD 1.22 million, contributing to the overall loss for the six months[7] - The company’s total comprehensive expenses for the six months ended June 30, 2023, were approximately HKD 3.81 million, compared to HKD 1.27 million for the same period in 2022[10] - The basic and diluted loss per share for the six months ended June 30, 2023, was HKD 5.6 cents, compared to HKD 2.0 cents for the same period in 2022[10] - The company reported a total loss of HKD (3,647,000) for the six months ended June 30, 2023, compared to a loss of HKD (1,239,000) in the same period of 2022[21] Equity and Cash Position - As of June 30, 2023, the total equity amounted to HKD 22.77 million, a decrease from HKD 24.06 million as of December 31, 2022[11] - The net cash and cash equivalents as of June 30, 2023, were HKD 8.65 million, down from HKD 13.51 million at the end of 2022[11] - Cash and cash equivalents decreased to HKD 8,645,000 at the end of June 30, 2023, from HKD 16,112,000 at the end of June 30, 2022[13] - The company's net current assets as of June 30, 2023, were approximately HKD 18.74 million, slightly down from approximately HKD 19.89 million as of December 31, 2022[42] - The company has maintained a healthy cash position and sufficient operating funds as of June 30, 2023[42] Revenue Breakdown - The segment revenue from corporate finance advisory services decreased to HKD 5,892,000, a decline of 43.5% compared to HKD 10,347,000 in the prior year[21] - Revenue from external customers in Hong Kong was HKD 4,748,000, down 49.3% from HKD 9,345,000 in the same period of 2022[25] - The company incurred a segment loss of HKD (1,050,000) from corporate finance advisory services for the six months ended June 30, 2023, compared to a profit of HKD 5,934,000 in the same period of 2022[21] Shareholder Information - The company did not recommend the payment of any dividend for the six months ended June 30, 2023, consistent with the previous year[7] - The basic loss per share for the six months ended June 30, 2023, was HKD (0.054) based on a weighted average of 67,235,165 shares[28] - The company issued ordinary shares amounting to HKD 2.56 million during the reporting period, increasing the share capital to HKD 7.68 million[12] - As of June 30, 2023, Mr. Li Junwei held 13,879,000 shares, representing an 18.07% stake in the company[53] Operational Insights - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (5,938,000), an improvement from HKD (7,915,000) in the same period of 2022[13] - The company completed a placement of 12,800,000 new shares at a price of HKD 0.20 per share, raising approximately HKD 2.53 million after expenses, which remains unused as of June 30, 2023[45] - The company has no borrowings as of June 30, 2023, maintaining a debt ratio that is not applicable[42] Governance and Compliance - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[64] - The company has complied with the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual due to the company's relatively small size[60] - The audit committee reviewed the financial statements for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards and full disclosure[68] - The board of directors consists of executive directors Li Junwei and Ji Yi, non-executive director Dr. Liang Jianchang, and independent non-executive directors Cai Dehui, Li Peizhen, and Liu Meixue[69] - The company is committed to adhering to the corporate governance code as per GEM Listing Rules Appendix 15[68] Future Outlook - The company plans to adopt a conservative and prudent business strategy to support daily operations while exploring other potential opportunities for diversification and new revenue sources[40] - The company expects the Hong Kong IPO market to recover in the second half of 2023, supported by favorable regulations and improved economic conditions in China[40] Other Information - There were no significant contingent liabilities as of June 30, 2023[49] - The group did not hold any significant investments as of June 30, 2023[50] - There were no major acquisitions or disposals during the six months ending June 30, 2023, and no specific future plans for significant investments or capital assets[51] - The company had no major events occurring after June 30, 2023, up to the report date[52] - As of June 30, 2023, the group had 15 employees, with total employee costs amounting to approximately HKD 5.8 million, a decrease from HKD 8.42 million in the previous year[48] - The company did not buy, sell, or redeem any of its listed securities during the six months ending June 30, 2023[58]

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 2.91 million, a decrease of 42.5% compared to HKD 5.08 million for the same period in 2022[7] - The loss attributable to owners of the company for the three months ended March 31, 2023, was approximately HKD 2.43 million, compared to a profit of approximately HKD 0.12 million for the same period in 2022[7] - The basic and diluted loss per share for the current quarter was HKD 3.79, compared to earnings of HKD 0.18 per share in the same quarter of 2022[10] - Operating expenses for the three months ended March 31, 2023, were HKD 5.34 million, an increase of 7.6% from HKD 4.96 million in the same period of 2022[10] - The group experienced increased operating expenses due to the establishment of a new representative office in Singapore and the leasing of two new offices in Hong Kong and Singapore, leading to higher depreciation and employee costs[25] - As of March 31, 2023, the total equity amounted to approximately HKD 21.85 million, down from HKD 24.05 million as of January 1, 2023[21] Dividend Policy - The group did not recommend the payment of any dividend for the three months ended March 31, 2023[7] - The company does not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[19] Business Operations - The group’s main activities involve providing financial services in Hong Kong, with revenue derived from corporate finance advisory services[15] - The group reported a foreign exchange gain of HKD 0.22 million from the translation of overseas operations[10] - The group has no significant contingent liabilities as of March 31, 2023[27] Corporate Governance - The company has adopted a code of conduct for directors' securities trading that is not more lenient than the GEM Listing Rules[37] - The company has complied with the corporate governance code and report during the three months ended March 31, 2023, with some deviations noted[39] - The roles of Chairman and CEO are held by the same individual due to the company's size, which is deemed appropriate[40] - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[42] - The company has formed a nomination committee to develop nomination policies and make recommendations regarding director appointments[44] - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[45] Future Outlook - Management remains optimistic about the medium to long-term prospects of the financial services industry in Hong Kong despite uncertainties in the post-pandemic recovery[23] - The group plans to adopt a conservative and prudent business strategy to support daily operations and address recent economic uncertainties[23] - Management highlighted the potential for new business opportunities arising from the new listing regime for specialized technology companies effective from March 31, 2023[23] Share Information - The weighted average number of ordinary shares in issue during the period was 64 million shares, unchanged from the same period in 2022[17] - The total number of ordinary shares as of March 31, 2023, was 64,000,000 shares[26] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2023[36]

Business Operations and Strategy - The company established a new representative office in Singapore to enhance communication with existing and potential clients in Southeast Asia[9] - The company was granted licenses for regulated activities in asset management and securities advisory, which are expected to provide stable management fee income[9] - The company anticipates a recovery in business operations following the lifting of COVID-19 restrictions in early 2023, which is expected to facilitate business expansion[11] - The company aims to strengthen its core business by improving service quality, expanding its business scope, and focusing on high-quality clients[14] - The company is focused on providing corporate finance-related services, including advisory, placement, and underwriting[9] - The group will continue to focus on corporate financing advisory services and IPO-related projects to ensure sustainable business operations[33] - The management plans to adopt a conservative and prudent business strategy to navigate economic uncertainties[33] - The company is exploring other business opportunities in the financial services sector to enhance shareholder value[33] Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately HKD 16.76 million, a decrease of about 9.8% compared to HKD 18.58 million in 2021[15] - The loss attributable to the owners of the company for the year was approximately HKD 7.57 million, compared to a profit of HKD 5.83 million in 2021[15] - The expected credit loss provision for trade receivables increased to approximately HKD 645,000, reflecting a significant rise in credit risk since initial recognition[16] - As of December 31, 2022, the total assets of the group were approximately HKD 32.16 million, down from HKD 38.51 million in 2021[16] - The net asset value of the group as of December 31, 2022, was approximately HKD 24.06 million, compared to HKD 31.44 million in 2021[47] - The group's current assets net value was HKD 19.89 million, a decrease from HKD 27.71 million in 2021[47] - The current ratio of the group was 6.3 times as of December 31, 2022, compared to 6.8 times in 2021[47] - The company proposed a share consolidation, merging every ten existing shares into one share with a par value of HKD 0.10, which was approved by shareholders[19] - The group has maintained a zero debt ratio, indicating a strong financial position with no borrowings[18] Employee and Workforce Management - The total employee costs for the year amounted to approximately HKD 13.83 million, an increase from HKD 8.14 million in 2021, with 17 employees as of December 31, 2022[23] - The employee turnover rate for the year ended December 31, 2022, was 37.0%, a significant increase from 17.4% in 2021[107] - The company had a total of 17 employees as of December 31, 2022, with 15 based in Hong Kong and 2 in Singapore[107] - The company provides competitive compensation and benefits, including medical plans and mandatory provident fund contributions[107] - The company has established a mechanism for employee promotion and career development[99] - The company has implemented a training program to enhance employee safety awareness[100] - In 2022, all professional employees received an average training duration of 12 hours, achieving a 100% training participation rate across gender and employment categories[109] Compliance and Governance - The company recognizes the importance of compliance with regulatory requirements and has not experienced any significant violations during the year[77] - The board of directors includes a beneficial owner holding 21.69% of the company's shares, totaling 13,879,000 shares[72] - The company has maintained appropriate directors' liability insurance, which is currently in effect[90] - The board has established three committees: Nomination Committee, Remuneration Committee, and Audit Committee, all adhering to corporate governance principles[154] - The company has a system in place for internal controls to ensure checks and balances within the governance structure[149] - The company is committed to maintaining high levels of transparency and timely disclosure of relevant information to shareholders[186] - The board encourages ongoing dialogue with shareholders through various means, including annual general meetings and reports[188] Environmental and Social Responsibility - The company is committed to sustainable development and has implemented significant measures regarding employment practices, operational management, and environmental protection[94] - The company aims to integrate environmental and social factors into its business considerations to promote sustainable development[102] - The company has made steady progress in reducing its carbon footprint by encouraging employees to use public transport and minimizing unnecessary business travel[134] - The company has implemented a waste management strategy based on the "3R" principles, focusing on reducing, reusing, and recycling office waste[130] - The company reported a total greenhouse gas emissions reduction target, with specific steps outlined to achieve these goals[138] - The company has not reported any significant violations regarding waste and greenhouse gas emissions regulations in Hong Kong and Singapore[133] Customer Relations and Service Quality - The company emphasizes high-quality service delivery, believing that market reputation and customer confidence are key to success[115] - There were no service-related complaints reported in 2022, indicating a strong customer satisfaction level[117] - The company has a robust anti-corruption policy in place, with no legal cases related to corruption or misconduct reported in the year[122] Audit and Financial Reporting - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022, in accordance with Hong Kong Financial Reporting Standards[197] - Key audit matters identified include revenue recognition related to corporate finance advisory services and the assessment of impairment for trade receivables[199]

Zijing International Financial Holdings Limited 紫 荊 國 際 金 融 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8340） 截至二零二二年十二月三十一日止年度之 年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板本交易 所上市的公司帶有較高投資風險的公司提供一個上市的市場。有意投資的人士應了解投 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。 由於創業板GEM上市公司普遍為中小型公司新興的性質所然，在創業板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，同時無法保證在創業板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聯交所對本公告之內容概不負責，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公告全部或任何部分內容而產生或因依賴該等 內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照聯交所GEM證券上市規則《GEM上市規則》而刊載，旨在提供有關 紫荊國際金融控股有限公司（「本公 ...

REPORT ZIJING INTERNATIONAL 2022年 第三季度報告 ZIJING INTERNATIONAL FINANCIAL HOLDINGS LIMITED 紫荊國際金融控股有限公 司 2022 THIRD QUARTERLY FINANCIAL HOLDINGS LIMITED 紫荊國際金融控股有限公 司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 主板本交易所上市的公司帶有較高投資風險的公司提供一個上市的市場。有 意投資的人士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。 由於GEM上市公司普遍為中小型公司新興的性質所然，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公告 全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 本報告的資料乃遵照聯交所的《GEM證券 ...

Financial Performance - For the six months ended June 30, 2022, the group recorded revenue of approximately HKD 10.35 million, compared to HKD 4.90 million for the same period in 2021, representing an increase of 111%[6] - The loss attributable to owners of the company for the six months ended June 30, 2022, was approximately HKD 1.24 million, an increase from a loss of HKD 606,000 in the same period of 2021[6] - For the three months ended June 30, 2022, the loss attributable to owners was approximately HKD 1.36 million, compared to a profit of HKD 118,000 for the three months ended March 31, 2022[6] - Total revenue for the six months ended June 30, 2022, was HKD 10,347,000, a 111% increase from HKD 4,895,000 in the same period of 2021[20] - The company reported a loss of HKD (1,239,000) for the six months ended June 30, 2022, compared to a loss of HKD (606,000) in the same period of 2021[20] - The group reported a basic and diluted loss per share of HKD 0.19 for the six months ended June 30, 2022, compared to a loss of HKD 0.09 for the same period in 2021[9] Assets and Liabilities - As of June 30, 2022, the total assets amounted to HKD 57.10 million, a decrease from HKD 64.00 million as of December 31, 2021[10] - The company's total equity as of June 30, 2022, was HKD 30.17 million, a slight decrease from HKD 31.44 million as of December 31, 2021[10] - The company's total liabilities increased to HKD 8,944,000 as of June 30, 2022, from HKD 7,067,000 as of December 31, 2021[22] - The net cash and cash equivalents as of June 30, 2022, were HKD 16.11 million, down from HKD 27.13 million as of December 31, 2021, indicating a decrease of 40.7%[10] - The total cash and cash equivalents decreased to HKD 16,112,000 as of June 30, 2022, from HKD 23,395,000 as of June 30, 2021[12] - As of June 30, 2022, the group's current assets net value was approximately HKD 24.62 million, down from HKD 27.71 million as of December 31, 2021[45] Operational Highlights - The company has not disclosed any new product developments or market expansion strategies in the interim report[6] - The company has expanded its operations into Singapore, generating HKD 1,002,000 in revenue for the six months ended June 30, 2022[25] - The group established a new wholly-owned subsidiary in Singapore to address travel restrictions, which may incur additional operational costs temporarily affecting financial performance[38] - The asset management business is still in its early development stage, with plans to introduce related products and services to enhance financial performance in the long term[43] - Revenue from corporate finance advisory services increased by approximately 111.4% compared to the same period last year, despite the challenging economic environment[40] Cash Flow and Expenses - The net cash used in operating activities for the six months ended June 30, 2022, was HKD (7,915,000), compared to HKD (1,142,000) for the same period in 2021, indicating a significant increase in cash outflow[12] - Employee costs for the half-year period amounted to approximately HKD 8.42 million, compared to HKD 3.58 million for the same period in 2021[49] - Operating expenses increased significantly due to the establishment costs of a new representative office in Singapore and increased employee costs, including those for the new office[44] Corporate Governance - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[67] - The company has a nomination committee responsible for developing nomination policies and making recommendations regarding the appointment of directors[68] - The company has established an audit committee to oversee financial reporting and internal control systems[69] - The board will continue to monitor and review the corporate governance structure to ensure compliance with corporate governance norms[64] - The company has complied with the corporate governance code except for the combined roles of chairman and CEO due to its relatively small size[63] Future Outlook - Management believes that once the pandemic is under control, the group's performance will gradually improve[37] - The board is confident in the sustainability and growth potential of the group's business despite challenges posed by the pandemic and global uncertainties[42] Shareholder Information - As of June 30, 2022, Mr. Li Junwei holds 138,790,000 shares, representing 21.69% of the company's equity[57] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2022[61] - There are no known conflicts of interest involving directors, supervisors, or management shareholders in competitive businesses as of June 30, 2022[59] - The company has not granted, exercised, or canceled any share options under the share option scheme as of the report date[60] Dividend Policy - The company did not recommend the payment of dividends for the six months ended June 30, 2022, consistent with the previous year[6] - The group did not recommend any dividend payment for the six months ended June 30, 2022, consistent with the previous year[36]

Financial Performance - The company recorded a revenue of approximately HKD 5.08 million for the three months ended March 31, 2022, compared to HKD 1.15 million for the same period in 2021, representing a growth of 340%[5] - The profit attributable to the owners of the company for the three months ended March 31, 2022, was approximately HKD 120,000, a significant improvement from a loss of HKD 1.77 million in the same period of 2021[5] - The basic and diluted earnings per share for the first quarter of 2022 were HKD 0.02, compared to a loss per share of HKD 0.28 in the same period of 2021[17] - The company’s financial performance reflects a recovery from previous losses, indicating potential for future growth and stability[5] - The management believes that the financial performance has improved due to newly signed potential projects and advisory-related transactions[24] Operating Expenses - The operating expenses for the three months ended March 31, 2022, were HKD 4.96 million, compared to HKD 2.92 million for the same period in 2021, indicating an increase of 70%[8] Dividend Policy - The company did not recommend the payment of any dividend for the three months ended March 31, 2022[5] - The board of directors did not recommend any dividend for the three months ended March 31, 2022, consistent with the previous year[19] Business Operations - The company primarily provides financial services in Hong Kong, with no significant business or geographical segment analysis presented due to its focused operations[14] - The company’s income is derived from corporate finance advisory services, with no income tax expenses reported for the quarter[13][16] - The group aims to diversify its business and create new revenue sources by exploring other potential opportunities[22] - The group has obtained licenses under the Securities and Futures Ordinance for regulated activities in asset management, which is expected to expand the revenue base through management fees and performance-based income[23] COVID-19 Impact - The ongoing COVID-19 pandemic and regulatory policies are expected to impact the group's operations and future prospects, leading to a conservative business strategy to navigate economic uncertainties[22] - The group will continue to monitor the developments of the pandemic and enhance cost control and resource management to maintain competitiveness in the market[22] Corporate Governance - The company has adopted a code of conduct for securities trading that is less stringent than the GEM Listing Rules, with no known violations reported by the board of directors[35] - The company has complied with the corporate governance code and report, with deviations only noted in specific areas, such as the roles of the chairman and CEO being held by the same individual due to the company's size[36][37] - The remuneration committee has been established to review and recommend the remuneration policies for directors and senior management, including one executive director and two independent non-executive directors[38] - The nomination committee has been formed to develop nomination policies and make recommendations regarding the appointment of directors, comprising one executive director and two independent non-executive directors[40] - The audit committee has been established to review and monitor the financial reporting process and internal control systems, consisting of three independent non-executive directors[41] - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended March 31, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[41] - The board of directors is composed of two executive directors, one non-executive director, and three independent non-executive directors as of the report date[42] Share Information - The weighted average number of ordinary shares in issue during the period was 640 million, consistent with the previous year[17] - As of March 31, 2022, the total number of ordinary shares issued by the group was 640,000,000 shares[25] - The group has no significant contingent liabilities as of March 31, 2022[26]

Financial Performance - The group's revenue for the year was approximately HKD 18.58 million, compared to HKD 8 million in 2020, representing a significant increase[14]. - The profit attributable to owners for the year was approximately HKD 5.83 million, a turnaround from a loss of HKD 2.77 million in 2020, indicating a recovery in financial performance[14]. - The group anticipates that its business will return to normal and expand once the pandemic is under control[10]. - The group believes that its financial performance will continue to improve in the long term as it adopts new strategies and adapts to the new normal[14]. - The management expressed a cautious outlook due to the ongoing COVID-19 pandemic and anticipated economic uncertainties in Hong Kong[27][28]. - The management remains optimistic about the medium to long-term prospects of the financial services industry despite current challenges[28]. Business Operations - The group completed over 27 projects by December 31, 2021, despite the ongoing challenges posed by the pandemic[10]. - The group aims to enhance service quality, expand business scope, and focus on high-quality clients to strengthen its market position in Hong Kong[13]. - The group has shifted resources to focus on projects in Hong Kong and China that require less overseas travel, adapting to the new normal[14]. - The group remains focused on providing corporate finance advisory services in Hong Kong and exploring opportunities in other Asian countries, such as mainland China and Singapore[13]. - The group plans to focus on corporate finance advisory services and projects related to initial public offerings, while exploring other financial service opportunities[28]. Assets and Liabilities - As of December 31, 2021, the total assets of the group were approximately HKD 38.51 million, an increase from HKD 26.41 million in 2020[15]. - The net asset value of the group as of December 31, 2021, was approximately HKD 31.44 million, up from HKD 25.61 million in 2020[15]. - The group maintained a healthy cash position with cash and cash equivalents of approximately HKD 27.13 million as of December 31, 2021[15]. - The group had no borrowings, resulting in a debt-to-equity ratio of zero[15]. - The current ratio for the group in 2021 was 6.8 times, compared to 42 times in 2020[45]. - The group had no significant investments or contingent liabilities as of December 31, 2021[22][23]. Employee Information - Employee costs for the year amounted to approximately HKD 8.14 million, compared to HKD 7.19 million in 2020, with the number of employees increasing from 15 to 19[20]. - Employee turnover rate for the year ended December 31, 2021, was 17.4%, compared to 0% in 2020[103]. - The company maintained good working relationships with employees, with no labor disputes affecting operations during the year[58]. - The company has established a competitive salary and benefits system for employees, ensuring a safe working environment and career development opportunities[95]. - All employees received more than 5 hours of training, with a training participation rate of 100% across all categories[105]. Environmental and Social Responsibility - The company has implemented various policies and measures for sustainable development, focusing on environmental, social, and governance (ESG) factors[89]. - The company aims to create continuous value for stakeholders by integrating ESG factors into its operations[90]. - The company is committed to providing green financial services to protect and improve the ecological environment[98]. - The company has a commitment to environmental protection, aiming to reduce its carbon footprint and improve energy efficiency[121]. - The company has implemented a waste management strategy based on the "3R" principle (Reduce, Reuse, Recycle) and provided recycling bins for used paper products[126]. Corporate Governance - The company reported a commitment to maintaining high standards of corporate governance to protect shareholder interests and uphold business integrity[141]. - The board of directors held a total of 11 meetings during the fiscal year ending December 31, 2021, with attendance rates for executive directors ranging from 9 out of 9 to 6 out of 9[146]. - The company has three independent non-executive directors who are responsible for formulating the group's development strategy and ensuring compliance with regulatory standards[148]. - The company has established three committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee, all operating under the principles of the corporate governance code[148]. - The company has implemented internal control systems to ensure checks and balances within its governance structure[143]. Audit and Financial Reporting - The financial statements for the year ended December 31, 2021, have been audited by the company's auditor, KPMG[87]. - The independent auditor's report confirms that the consolidated financial statements of the company as of December 31, 2021, fairly reflect its financial position and comply with Hong Kong Financial Reporting Standards[190]. - The auditor's report indicates that sufficient and appropriate audit evidence was obtained to support the opinion on the financial statements[191]. - The audit identified revenue recognition for corporate finance advisory services as a key audit matter, emphasizing the importance of significant judgment in measuring and recognizing revenue[195]. - The company’s revenue recognition policy is based on completed performance measurements and milestone achievements, using an output method for revenue recognition[194].

Financial Performance - For the nine months ended September 30, 2021, the group recorded revenue of approximately HKD 12.82 million, an increase of 84.5% compared to HKD 6.94 million for the same period in 2020[5] - For the nine months ended September 30, 2021, the profit attributable to owners of the company was approximately HKD 4.58 million, compared to a loss of approximately HKD 1.35 million for the same period in 2020[5] - For the three months ended September 30, 2021, the profit attributable to owners of the company was approximately HKD 5.18 million, a significant improvement from a loss of approximately HKD 1.41 million for the same period in 2020[8] - The basic and diluted earnings per share for the three months ended September 30, 2021, was HKD 0.81, compared to a loss of HKD 0.22 for the same period in 2020[8] - The group reported a pre-tax profit of approximately HKD 4.78 million for the nine months ended September 30, 2021, compared to a pre-tax loss of approximately HKD 1.35 million for the same period in 2020[8] - The group reported a profit attributable to the company's owners of approximately HKD 5.18 million for the three months ended September 30, 2021, compared to a loss of approximately HKD 606,000 for the six months ended June 30, 2021[29] Equity and Dividends - The total equity attributable to owners of the company as of September 30, 2021, was approximately HKD 30.18 million, an increase from HKD 25.61 million at the beginning of the year[9] - The group did not recommend the payment of any dividend for the nine months ended September 30, 2021[5] - The company did not recommend any dividend payment for the nine months ended September 30, 2021, consistent with the previous year[22] Operating Expenses - The operating expenses for the nine months ended September 30, 2021, were approximately HKD 8.04 million, a decrease from HKD 8.73 million for the same period in 2020[8] Business Operations - The group primarily provides financial services in Hong Kong, with revenue derived from corporate finance advisory services[14] - The group successfully completed approximately 14 consultancy-related projects despite the ongoing impact of the COVID-19 pandemic[25] - The management is actively seeking opportunities for diversification and has signed multiple new projects in Hong Kong and the domestic market[25] - The group aims to adjust its business strategies to respond flexibly to uncertainties and to pursue more consultancy-related transactions requiring less overseas travel[27] Market Conditions - The company expects the business environment in Hong Kong to remain challenging due to the emergence of new COVID-19 variants, but anticipates gradual improvement in 2022 as vaccination efforts continue globally[27] Share Information - As of September 30, 2021, the total number of ordinary shares issued by the group was 640,000,000[30] - As of September 30, 2021, Mr. Li Junwei holds 138,790,000 shares, representing 21.69% of the company's equity[33] - No other directors or senior management have disclosed any interests or short positions in the company's shares or related securities as of September 30, 2021[35] - The company did not grant or formally adopt any stock options during the nine months ended September 30, 2021[37] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the nine months ended September 30, 2021[38] Compliance and Audit - The audit committee reviewed the unaudited consolidated results for the nine months ended September 30, 2021, and confirmed compliance with applicable accounting standards and GEM listing rules[45] Financial Reporting Standards - The group’s financial statements are prepared in accordance with applicable Hong Kong Financial Reporting Standards[10]