Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 10,262,000, a significant increase of 216% compared to HKD 3,241,000 for the same period in 2022[8] - The company achieved a profit before tax of HKD 3,036,000 for the six months ended June 30, 2023, compared to a loss of HKD 6,956,000 in the same period of the previous year[8] - The net profit attributable to equity shareholders for the six months ended June 30, 2023, was HKD 2,249,000, a turnaround from a loss of HKD 6,022,000 in the prior year[8] - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.28, compared to a loss per share of HKD 0.75 for the same period in 2022[8] - For the six months ended June 30, 2023, the company reported a total comprehensive income of HKD 2,249,000, compared to a total comprehensive loss of HKD 6,022,000 for the same period in 2022, indicating a significant turnaround[17] - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 9,929,000, a substantial improvement from the cash used of HKD 35,554,000 in the prior year[19] - The company incurred a loss of HKD 6,718,000 for the six months ended December 31, 2022, which contributed to the cumulative loss of HKD 74,466,000 at the start of 2023[17] Assets and Liabilities - As of June 30, 2023, total assets amounted to HKD 84,634,000, a decrease from HKD 89,718,000 as of December 31, 2022[12] - The company's cash and cash equivalents stood at HKD 5,120,000 as of June 30, 2023, down from HKD 5,861,000 at the end of the previous year[11] - The company reported a total equity of HKD 993,000 as of June 30, 2023, recovering from a deficit of HKD 1,256,000 at the end of 2022[12] - The company has maintained a stable share capital of HKD 8,000,000 since the previous reporting period[12] - The company's accounts receivable from contract customers increased to HKD 11,757,000 as of June 30, 2023, compared to HKD 11,878,000 at the end of 2022[46] - The company recorded fixed-rate loans and interest receivable of HKD 14,125,000 as of June 30, 2023, down from HKD 27,813,000 at the end of 2022[50] - Total accounts payable as of June 30, 2023, was HKD 11,513,000, slightly down from HKD 11,834,000 at the end of 2022[58] - The accrued interest on notes payable increased to HKD 1,700,000 from HKD 1,100,000 year-over-year[60] - The company had no bank borrowings as of June 30, 2023, compared to HKD 9,400,000 at the end of 2022, indicating a complete repayment of bank loans[62] Revenue Sources - Total segment revenue for the six months ended June 30, 2023, was HKD 10,262,000, a significant increase from HKD 3,241,000 in the same period of 2022, representing a growth of 216%[31] - Revenue from client contracts for the six months ended June 30, 2023, was HKD 1,885,000, up from HKD 961,000 in the same period of 2022, reflecting an increase of 96%[37] - Interest income from margin financing for the six months ended June 30, 2023, was HKD 248,000, compared to HKD 224,000 in the same period of 2022, showing a growth of 11%[37] - The company reported a total of HKD 5,441,000 in commission income from placement services for the six months ended June 30, 2023, with no comparable income in the same period of 2022[37] Expenses and Cash Flow - The company incurred total operating and administrative expenses of HKD 3,915,000 for the six months ended June 30, 2023, down from HKD 6,423,000 in the same period of 2022, a reduction of 39%[39] - The company’s total unallocated corporate expenses decreased to HKD 4,721,000 for the six months ended June 30, 2023, from HKD 8,360,000 in the same period of 2022, a decrease of 44%[32] - Operating cash flow before changes in working capital was HKD 3,341,000, a significant improvement from a negative cash flow of HKD 4,623,000 in the previous year[56] - The company generated operating cash of HKD 9,929,000, recovering from a cash outflow of HKD 35,554,000 in the prior year[56] Corporate Governance and Shareholder Information - The company has complied with the applicable code provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and the CEO[106] - Mr. Pan Guohua serves as both Chairman and CEO, which the board believes is in the best interest of the company[108] - The company will regularly review and improve its corporate governance practices[109] - No directors or major shareholders have interests in any competing businesses as of June 30, 2023[105] - The company has not granted any share options under the share option scheme since its adoption on December 19, 2017[101] - The board did not declare any dividends for the six months ended June 30, 2023[88] - As of June 30, 2023, the company has a total issued share capital of 800,000,000 shares[96] - Mr. Pan Guohua holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[99] - Mr. Chen Yingliang also holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[99] Future Outlook - The company plans to continue exploring market expansion opportunities and enhancing its product offerings in the upcoming quarters[8] - The management remains optimistic about future growth prospects, supported by improved financial performance and strategic initiatives[8] - The group plans to launch trading services for potential brokerage clients by the end of 2023[79] - The group aims to continue exploring more business opportunities beyond brokerage services to create value for shareholders[76] - The group has no significant investments or acquisitions planned for the future[84]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 Excalibur Global Financial Holdings Limited 駿 溢 環 球 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：8350） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 駿溢環球金融控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈 本公司及其附屬公司（統稱「本集團」）於截至二零二三年六月三十日止六個月 之未經審核綜合業績。本公告載列本公司二零二三年中期報告（「報告」）全文， 並符合聯交所GEM證券上市規則（「GEM上市規則」）內有關中期業績初步公告 附載資料的相關規定。報告之印刷版本載有GEM上市規則所規定之資料，將按 照GEM上市規則所規定之方式適時寄發予本公司股東。 承董事會命 駿溢環球金融控股有限公司 主席 潘國華 ...

Financial Performance - Total revenue for the first quarter of 2023 was approximately HKD 1,471,000, a slight decrease of about HKD 100,000 compared to approximately HKD 1,563,000 in the same period last year[10]. - The company recorded a loss of approximately HKD 1,691,000 for the first quarter of 2023, significantly improved from a loss of approximately HKD 3,734,000 in the same period last year[10]. - For the three months ended March 31, 2023, the company reported a total loss of HKD 1,691,000, compared to a loss of HKD 3,734,000 for the same period in 2022, representing a 54.7% improvement in loss[25]. - Total revenue for the three months ended March 31, 2023, was HKD 1,471,000, a decrease of 5.9% from HKD 1,563,000 in the same period of 2022[25]. - Basic and diluted loss per share for the first quarter of 2023 was HKD 0.21, compared to HKD 0.47 in the same period last year[16]. - The company's basic and diluted loss per share for the three months ended March 31, 2023, was HKD (0.21), an improvement from HKD (0.47) in the same period of 2022[32]. Operating Expenses - Other operating and administrative expenses decreased by approximately HKD 2,700,000 or about 65.8% compared to the same period last year, primarily due to a reduction in one-time relocation expenses[13]. - The financing costs for the first quarter of 2023 were HKD 528,000, compared to HKD 236,000 in the same period last year[16]. - Employee costs for the three months ended March 31, 2023, totaled HKD 1,553,000, slightly higher than HKD 1,525,000 in the same period of 2022, indicating a 1.8% increase[28]. - The company incurred operating lease expenses of HKD 89,000 for the three months ended March 31, 2023, which was not present in the same period of 2022[29]. Revenue Sources - The company generated HKD 856,000 in interest income from lending activities for the three months ended March 31, 2023, which is a significant increase of 158.6% compared to HKD 331,000 in the same period of 2022[25]. - The lending business continued to generate stable interest income during the period[9]. - The company’s interest income from margin financing for the three months ended March 31, 2023, was HKD 122,000, a slight increase from HKD 110,000 in the same period of 2022[25]. Future Outlook - The company expects an increase in commission income in the coming quarters due to the lifting of quarantine measures and the ability of Chinese travelers to open accounts in Hong Kong[14]. - Management anticipates that the increase in new customers and commission income from institutional clients will enhance the company's financial performance in the second half of 2023[14]. - The brokerage business has not yet recovered to management's target levels, with commission income still below that of the fourth quarter of 2022[9]. Corporate Governance - The board of directors is committed to good corporate governance practices, ensuring shareholder interests and enhancing corporate value[51]. - The company has complied with the applicable provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[51]. - Mr. Pan Guohua serves as both the chairman and CEO, which the board believes aligns with the best interests of the company[53]. - The company will regularly review and improve its corporate governance practices in line with the latest developments[54]. - The company has adopted the trading code of conduct as per GEM Listing Rules 5.48 to 5.67, confirming compliance by all directors as of March 31, 2023[55]. Shareholding and Equity - As of March 31, 2023, Mr. Pan Guohua holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[39]. - The total number of issued shares of the company as of the report date is 800,000,000 shares[42]. - Mr. Pan Guohua's shareholding includes 271,504,060 shares held directly and 287,999,940 shares attributed through Mr. Chen Yingliang as a concert party[50]. - The company’s total equity as of March 31, 2023, was HKD (2,947,000), a decrease from HKD 7,750,000 as of March 31, 2022[17]. Audit and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited performance for the three months ending March 31, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[58]. - The Audit Committee is responsible for reviewing the company's financial reporting, risk management, and internal control systems[58]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the three months ending March 31, 2023[56]. - No directors or major executives have reported any interests in competing businesses as of March 31, 2023[49]. - There are no other reported interests or short positions held by directors or major executives in the company's shares or related securities as of March 31, 2023[41].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 Excalibur Global Financial Holdings Limited 駿 溢 環 球 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：8350） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 的 第 一 季 度 業 績 公 告 駿溢環球金融控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈 本公司及其附屬公司（統稱「本集團」）於截至二零二三年三月三十一日止三個 月之未經審核綜合業績。本公告載列本公司二零二三年第一季度業績報告（「報 告」）全文，並符合聯交所GEM證券上市規則（「GEM上市規則」）內有關季度業績 初步公告附載資料的相關規定。報告之印刷版本載有GEM上市規則所規定之 資料，將按照GEM上市規則所規定之方式適時寄發予本公司股東。 承董事會命 駿溢環球金融控股有限公司 主席 潘國華 香港，二零二 ...

Financial Performance - The group's brokerage income and margin financing interest income decreased by approximately 37.9% from HKD 6,600,000 in the previous year to HKD 4,100,000 in the current year[6]. - The revenue from brokerage and margin financing services for the year ended December 31, 2022, was approximately HKD 4,100,000, a decrease of about HKD 2,500,000 or 37.9% compared to the previous year[22]. - The brokerage commission income from futures and options trading in the Hong Kong market was HKD 1,945,000, down 34.9% from HKD 2,989,000 in the previous year[24]. - The brokerage commission income from overseas markets decreased by 65.6%, from HKD 3,028,000 to HKD 1,043,000[24]. - The total income from brokerage services and margin financing was HKD 4,102,000, representing 100% of total revenue for the year[24]. - The company recorded a loss of approximately HKD 12,700,000 for the year, a decrease from a loss of HKD 20,200,000 in the previous year, primarily due to cost reduction measures[36]. - The company's total revenue for the year ended December 31, 2022, was approximately HKD 7,000,000, a slight increase of about 6.4% compared to HKD 6,600,000 in the previous year[36]. - The company reported a pre-tax loss of HKD 14,384,000 for 2022, an improvement from a loss of HKD 23,069,000 in 2021, reflecting a reduction of 37.0%[197]. - Net loss attributable to owners for the year was HKD 12,740,000, down from HKD 20,167,000 in 2021, indicating a 37.9% improvement[197]. - Basic loss per share improved to HKD 1.59 in 2022 from HKD 2.52 in 2021[197]. Revenue Sources - Interest income from the newly established lending business amounted to approximately HKD 2,900,000, accounting for over 40% of total revenue[6]. - Interest income from margin financing increased by 147.6%, from HKD 187,000 to HKD 463,000[24]. - The company’s interest income from receivables was approximately HKD 2,900,000 for the year[31]. - The company’s other income netted approximately HKD 800,000 for the year, an increase from HKD 300,000 in the previous year, mainly due to increased government subsidies[37]. - The company aims to diversify its product offerings and services for existing clients, with expectations of increased commission income from placements in 2023[48]. Customer Activity - The number of active customers and transaction volume declined compared to the previous year due to intense competition from other internet brokerage firms[6]. - Active customers decreased by approximately 16.1%, from 286 to 240, due to some Chinese customers terminating futures and options contracts[30]. Business Strategy - The business performance is expected to improve in 2023 as Hong Kong and mainland China resume cross-border travel, potentially increasing brokerage income from Chinese clients[7]. - The company plans to explore more opportunities beyond brokerage services, such as placements and other corporate financing activities, to achieve further revenue growth[7]. - The company has initiated several measures to promote brokerage services and develop new distribution channels, expecting these initiatives to yield results in the coming year[22]. - The company is focused on expanding its brokerage business and enhancing its service offerings to improve financial performance[22]. - The management team is optimistic about the future outlook and believes that the implemented strategies will lead to recovery in the upcoming fiscal year[22]. Credit Risk Management - The management will adopt a cautious approach regarding the renewal of loans for borrowers primarily operating in the property market in China to minimize credit risk[7]. - The expected credit loss ratio for corporate structured loans is 5.6%, while the ratio for mortgage loans is 0%[33]. - The credit loss provision of HKD 1,441,000 has been recognized in the consolidated profit and loss and other comprehensive income statement for the year ended December 31, 2022[185]. - The company’s management regularly reviews overdue receivables and assesses the expected credit loss provision[187]. - The credit loss provision is based on the expected credit loss model as per Hong Kong Financial Reporting Standards No. 9[185]. Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors[61]. - The company has adopted the GEM Listing Rules regarding securities trading standards, confirming compliance by all directors for the year ended December 31, 2022[59]. - The company has established a board independence assessment mechanism, with satisfactory results reported for the year ended December 31, 2022[67]. - All independent non-executive directors have submitted annual confirmations of their independence, and the company believes they are all independent individuals[66]. - The chairman and CEO roles are held by the same person, Mr. Pan Guohua, which the board believes is in the best interest of the company[65]. - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Risk Management Committee to oversee specific aspects of its affairs[78]. - The Audit Committee held five meetings during the year ended December 31, 2022, to review financial performance and internal controls[79]. - The Remuneration Committee conducted one meeting to review and recommend salary adjustments for directors and senior management for 2022[82]. - The Nomination Committee held one meeting to review the board's diversity policy and the independence of non-executive directors[84]. - The company provides tailored training for new directors to ensure understanding of business operations and regulatory responsibilities[78]. Financial Position - The total liabilities of the group as of December 31, 2022, amounted to approximately HKD 1,256,000[180]. - The total borrowings of the group were approximately HKD 49,400,000, with cash and cash equivalents of only about HKD 5,861,000[180]. - The company’s total equity decreased to HKD (1,256,000) in 2022 from HKD 11,484,000 in 2021, indicating a significant decline[199]. - The company has a cash and cash equivalents balance of HKD 5,861,000 as of December 31, 2022, compared to HKD 5,637,000 in 2021, showing a slight increase of 4.0%[199]. Shareholder Information - The company has adopted a dividend policy without a preset payout ratio, allowing the board to declare dividends based on various factors including financial performance and cash flow[123]. - No final dividend was recommended for the fiscal year, consistent with the previous year where no dividend was declared[130]. - As of December 31, 2022, the total distributable reserves available to shareholders were zero HKD, compared to approximately 3,239,000 HKD in the previous year[137]. - The company's major clients accounted for approximately 7.2% and 31.1% of total revenue for the fiscal year[139].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Excalibur Global Financial Holdings Limited 駿 溢 環 球 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：8350） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 全 年 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，乃為相比起其他於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，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買 賣的證券承受較大的市場波動風險，同時無法保證於GEM買賣的證券會有高 流通量的市場。 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 提供有關駿溢環球金融控股有限公司（「本公司」）的資料；本 ...

Financial Performance - For the nine months ended September 30, 2022, the group recorded total revenue of approximately HKD 5,300,000, a slight decrease of about HKD 14,000 compared to approximately HKD 5,400,000 for the same period last year[13]. - The group reported a loss of approximately HKD 7,900,000 for the period, compared to a loss of approximately HKD 13,900,000 for the same period last year, indicating an improvement in financial performance[13]. - Basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.99, compared to HKD 1.74 for the same period last year[18]. - For the nine months ended September 30, 2022, the total loss amounted to HKD 7,888,000, compared to a loss of HKD 13,912,000 for the same period in 2021, representing a decrease of approximately 43.5%[23][26]. - The company reported a basic and diluted loss per share of HKD (0.99) for the nine months ended September 30, 2022, compared to HKD (1.74) for the same period in 2021, reflecting an improvement of approximately 43%[40]. Revenue and Income Sources - Total revenue for the nine months ended September 30, 2022, was HKD 5,344,000, slightly down from HKD 5,358,000 in the same period of 2021, indicating a decrease of about 0.3%[34]. - Commission income from brokerage business showed signs of improvement, with management believing that the group could benefit from increased trading activity due to market volatility[12]. - The brokerage commission income from futures and options trading in the Hong Kong market was HKD 1,539,000 for the nine months ended September 30, 2022, down from HKD 2,442,000 in 2021, a decline of approximately 37%[34]. - Interest income from margin financing for the nine months ended September 30, 2022, was HKD 342,000, significantly up from HKD 80,000 in the same period of 2021, representing an increase of 327.5%[34]. - The net income from other income and gains was HKD 287,000 for the nine months ended September 30, 2022, compared to HKD 138,000 for the same period last year[18]. Expenses and Cost Management - Operating and administrative expenses decreased by approximately HKD 6,000,000 or about 40.8% compared to the same period last year, primarily due to reduced marketing expenses and cost-cutting measures implemented since the end of 2021[15]. - Salary and other benefits decreased by approximately HKD 1,500,000 or about 25.0%, primarily due to cost-cutting measures implemented in 2021[13]. - Total operating and administrative expenses for the nine months ended September 30, 2022, were HKD 4,571,000, down from HKD 6,093,000 in 2021, a reduction of about 25%[36]. - The company incurred a total of HKD 1,168,000 in transaction-related expenses for the nine months ended September 30, 2022, compared to HKD 1,925,000 in 2021, indicating a decrease of approximately 39%[37]. - Financing costs increased by approximately HKD 900,000 or about 131.2% compared to the same period last year, mainly due to interest expenses from notes issued for funding existing and new lending businesses[15]. Shareholder Information - The total issued share capital of the company as of the report date is 800,000,000 shares[57]. - Major shareholders, including Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold 69.94% of the company's issued share capital[56]. - No dividends were declared for the nine months ended September 30, 2022, consistent with the previous period[43]. - The weighted average number of ordinary shares used for calculating basic and diluted loss per share remained constant at 800,000,000 shares[42]. Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules, with the exception of the separation of roles between the Chairman and CEO, which is not currently implemented[64]. - The audit committee has reviewed the unaudited performance for the nine months ending September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[71]. - The audit committee consists of three independent non-executive directors, ensuring appropriate professional accounting qualifications and financial management expertise[71]. - The company emphasizes the importance of good corporate governance to protect shareholder interests and enhance corporate value[64]. - The company is committed to regularly reviewing and improving its corporate governance practices in line with the latest developments[67]. Business Outlook - Management anticipates further growth in commission income from brokerage services in the last quarter of 2022, although growth may be slow until the removal of mandatory quarantine for travelers from China[16]. - The company aims to continue seeking opportunities to expand its business scope to enhance financial performance and deliver greater value to shareholders[16]. Other Information - The company received government grants totaling HKD 324,000 for the nine months ended September 30, 2022, compared to HKD 60,000 in the same period of 2021, an increase of 440%[34]. - The company’s total assets as of September 30, 2022, were reported at HKD 3,596,000, down from HKD 11,484,000 at the beginning of the year, a decrease of approximately 68.7%[26]. - The company’s total equity as of September 30, 2022, was HKD 3,596,000, down from HKD 17,739,000 as of September 30, 2021, reflecting a decline of about 79.7%[24]. - The company reported a loss attributable to equity shareholders of (1,866) million for the current period, compared to (3,262) million in the previous period[42]. - There were no significant events related to the company's business or financial performance known to the directors after the reporting period[48]. - The company has not granted any share options under the share option scheme since its adoption on December 19, 2017[60]. - No arrangements were made that would give directors or key executives rights to acquire shares or bonds of the company or its subsidiaries during the nine months ended September 30, 2022[61]. - There were no interests held by directors or major shareholders in any competing businesses during the reporting period[62]. - The company did not make any adjustments to the basic loss per share for the nine months ended September 30, 2022, as there were no potential dilutive ordinary shares[42]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending September 30, 2022[69]. - The company has established a framework for risk management and internal control systems, overseen by the audit committee[71].

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 3,241,000, a decrease of 19.2% compared to HKD 4,013,000 for the same period in 2021[9] - The net loss for the six months ended June 30, 2022, was HKD 6,022,000, compared to a net loss of HKD 10,650,000 for the same period in 2021, representing a 43.5% improvement[9] - The company reported a total comprehensive loss of HKD (6,022,000) for the six months ended June 30, 2022, compared to a loss of HKD (10,650,000) for the same period in 2021, showing an improvement of approximately 43.5%[20] - The company reported a significant improvement in overall profitability, with a profit of HKD 1,199,000 for the six months ended June 30, 2022, compared to a loss of HKD 2,532,000 in the same period of the previous year[35] - The company incurred a pre-tax loss of HKD 6,956,000 for the six months ended June 30, 2022, an improvement from a pre-tax loss of HKD 12,258,000 in the same period of the previous year[35] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 8,340,000 as of June 30, 2022, from HKD 5,637,000 as of December 31, 2021, reflecting a 47.7% increase[12] - Cash used in operating activities for the six months ended June 30, 2022, was HKD (35,554,000), a significant increase from HKD (8,904,000) for the same period in 2021, representing a deterioration of approximately 299.5%[22] - The net cash generated from financing activities was HKD 38,481,000 for the six months ended June 30, 2022, compared to a cash outflow of HKD (1,443,000) in the same period of 2021[22] - As of June 30, 2022, the company's cash and cash equivalents amounted to HKD 8,340,000, an increase from HKD 5,637,000 as of December 31, 2021[58] Assets and Liabilities - Total assets less current liabilities amounted to HKD 57,616,000 as of June 30, 2022, compared to HKD 24,532,000 as of December 31, 2021, indicating a significant improvement in financial position[12] - The company’s total liabilities increased to HKD 52,154,000 as of June 30, 2022, from HKD 13,048,000 as of December 31, 2021, indicating a significant rise in financial obligations[12] - As of June 30, 2022, total equity decreased to HKD 5,462,000 from HKD 11,484,000 as of December 31, 2021, reflecting a decline of approximately 52.3%[13] - The accumulated losses increased to HKD 67,748,000 as of June 30, 2022, compared to HKD 61,726,000 as of December 31, 2021, indicating a rise of about 9.8%[13] Revenue Segments - Total revenue for the brokerage and margin financing segment was HKD 2,109,000 for the six months ended June 30, 2022, while the debt issuance segment generated HKD 1,132,000, leading to a total of HKD 3,241,000[31] - The company’s total revenue from brokerage commissions for the six months ended June 30, 2022, was HKD 3,241,000, a decrease from HKD 4,013,000 in the previous year[42] - Interest income from margin financing for the six months ended June 30, 2022, was HKD 224,000, compared to HKD 52,000 in the previous year, indicating a substantial increase[42] - Interest income from the newly established lending business amounted to approximately HKD 1,100,000, accounting for about 34.9% of the total revenue for the period[82] Expenses - The company reported a decrease in operating and administrative expenses to HKD 6,423,000 for the six months ended June 30, 2022, down from HKD 11,190,000 in the same period of 2021, a reduction of 42.5%[9] - The company’s total operating and administrative expenses for the six months ended June 30, 2022, were HKD 5,193,000, down from HKD 6,124,000 in the previous year[35] - Other operating and administrative expenses decreased to approximately HKD 6,400,000, primarily due to a reduction in marketing expenses by HKD 3,000,000 following the cessation of most marketing activities in China[85] Shareholder Information - The major shareholders, including Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold approximately 69.94% of the company's issued share capital[104] - The total number of issued shares as of the report date is 800,000,000 shares[112] - The controlling shareholders collectively own 69.94% of the issued share capital of the company[112] Compliance and Governance - The audit committee has reviewed the unaudited results for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[126]

Financial Performance - For the first quarter ended March 31, 2022, the total revenue recorded was approximately HKD 1,563,000, a decrease of about HKD 400,000 or 19.5% compared to HKD 2,049,000 in the same period last year[12][17]. - The group reported a loss of approximately HKD 3,734,000 for the period, an improvement from a loss of HKD 6,455,000 in the same period last year, representing a reduction of about 42.3%[12][17]. - For the three months ended March 31, 2022, the company reported a total loss of HKD 3,734,000, compared to a loss of HKD 6,455,000 for the same period in 2021, representing a 42.5% improvement in loss[19]. - Total revenue for the three months ended March 31, 2022, was HKD 1,563,000, down 23.7% from HKD 2,049,000 in the same period of 2021[27]. - The company reported a basic and diluted loss per share of HKD 0.47 for the three months ended March 31, 2022, an improvement from HKD 0.81 in the same period of 2021[33]. Expenses and Cost Management - Salary and other benefits decreased by approximately HKD 707,000 or 31.7%, primarily due to cost-cutting measures implemented in the previous year[12][14]. - Other operating and administrative expenses decreased by approximately HKD 3,000,000 or 42.2%, mainly due to a reduction in marketing expenses of about HKD 2,700,000[12][14]. - Total operating and administrative expenses for the three months ended March 31, 2022, were HKD 1,525,000, down from HKD 2,232,000 in the same period of 2021, indicating a reduction of 31.6%[29]. Income Sources - Interest income from the newly launched lending business was approximately HKD 300,000 during the period[11]. - Interest income from margin financing increased to HKD 110,000, up from HKD 26,000 in the same period last year, marking a significant growth[27]. - The lending business is anticipated to continue growing, providing stable interest income that will benefit the group's financial performance[15]. Shareholder Information - As of March 31, 2022, the company had a total issued share capital of 800,000,000 shares[49]. - Mr. Pan Guohua holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[48]. - Mr. Chen Yingliang also holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[48]. - The beneficial ownership of Mr. Pan includes 271,504,060 shares directly held and 287,999,940 shares attributed through Mr. Chen[51]. Corporate Governance - The company has complied with the applicable provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[56]. - Mr. Pan Guohua serves as both the chairman and CEO, responsible for overall strategic planning and business development[58]. - The company will regularly review and improve its corporate governance practices[59]. - No directors or major shareholders have interests in competing businesses as of March 31, 2022[54]. - The company has adopted the trading regulations standards as per GEM Listing Rules 5.48 to 5.67 for directors' securities transactions[60]. Audit and Compliance - The Audit Committee has reviewed the unaudited performance of the group for the three months ended March 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[62]. - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[36]. - The net foreign exchange loss for the three months ended March 31, 2022, was HKD 42,000, compared to a loss of HKD 2,000 in the same period last year[27]. - The company’s total equity as of March 31, 2022, was HKD 7,750,000, down from HKD 11,484,000 as of January 1, 2022[19]. - The company’s total accumulated losses increased to HKD 65,460,000 as of March 31, 2022, from HKD 61,726,000 as of January 1, 2022[19]. Securities Transactions - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries for the three months ended March 31, 2022[60]. - There were no arrangements made that would allow directors or key executives to acquire shares or bonds of the company during the three months ending March 31, 2022[53]. - The company has not granted any share options under the share option plan since its adoption on December 19, 2017[52].

Financial Performance - The company's revenue decreased from approximately HKD 10,600,000 in the previous year to about HKD 6,600,000, representing a decline of approximately 37.8%[8] - The group's revenue for the year ended December 31, 2021, was approximately HKD 6,600,000, a significant decrease of about 37.8% compared to HKD 10,600,000 for the previous year[29] - The group recorded a loss of approximately HKD 20,200,000 for the year, compared to a loss of HKD 21,700,000 in the previous year, indicating a reduction in losses[30] - The loss attributable to equity shareholders for the year was approximately HKD 20,200,000, down from HKD 21,700,000 in the previous year[30] - The basic and diluted loss per share for the year was approximately HKD 0.0252, compared to HKD 0.0272 in the previous year[30] - The decline in revenue was primarily due to weak market conditions in Hong Kong and overseas, leading to reduced brokerage income from the futures market[29] - The brokerage commission income from futures and options trading decreased significantly, with a total of HKD 6,017,000, down 38.5% from HKD 9,791,000 in the previous year[36] - Other net income for the year was approximately HKD 300,000, a significant decrease from HKD 2,500,000 in the previous year, mainly due to the absence of a one-time government subsidy[44] Business Strategy and Opportunities - In January 2022, the company completed the placement of notes amounting to approximately HKD 40,000,000 to support future growth in existing and new lending businesses[9] - The management is exploring various business opportunities to diversify revenue sources beyond just futures and securities brokerage income[9] - The company aims to continue seeking opportunities to enhance shareholder value and expand its revenue sources in 2022[9] - The company has implemented measures to develop new distribution channels and provide futures and options brokerage services to other licensed securities and futures brokers[8] - The group plans to diversify its product offerings and develop new distribution channels to improve financial performance over the next 24 months[71] Operational Challenges - The ongoing COVID-19 pandemic, particularly the Omicron variant, has significantly impacted the company's operations and the broader brokerage industry in Hong Kong[9] - The ongoing mandatory quarantine measures for non-Hong Kong residents were identified as a significant barrier for potential clients in China to complete account opening procedures[29] - The company implemented several measures to mitigate the decline in the number of Chinese clients since mid-2020, but total revenue was still significantly impacted[29] - Active customers decreased to 286, down 6.5% from 306 active customers as of December 31, 2020, primarily due to a reduction in trading activity from clients in China[43] Cost Management - The management has strictly controlled operating expenses to navigate the challenging business environment[8] - Employee costs decreased due to a one-time bonus of HKD 2,000,000 paid to executive directors in the previous year[30] - Other operating and administrative expenses decreased by approximately HKD 8,500,000, mainly due to reduced marketing expenses[30] - General and administrative expenses were approximately HKD 17,900,000, a decrease of about 32.2% from HKD 26,400,000 in the previous year[46] - Marketing expenses for the year amounted to approximately HKD 3,500,000, a significant decrease of about HKD 7,600,000 compared to the previous year, representing 19.4% of general and administrative expenses[50] Corporate Governance - The board of directors is committed to ensuring the accuracy and completeness of the information presented in the annual report[3] - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code and has complied with applicable provisions, except for a deviation regarding the separation of roles between the Chairman and CEO[73] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring compliance with GEM Listing Rules[79] - The company has received annual confirmations of independence from all independent non-executive directors, affirming their status as independent individuals[83] - The board is responsible for leading and controlling the company, overseeing business strategies and performance, and making objective decisions in the best interest of the company[87] Environmental, Social, and Governance (ESG) Practices - The company is committed to sustainable development, emphasizing the importance of environmental, social, and governance (ESG) practices in its operations[144] - The company has established a governance framework for environmental, social, and governance (ESG) commitments, integrating these into decision-making processes[153] - The ESG working group, composed of senior management, is responsible for collecting and analyzing ESG data and ensuring compliance with relevant laws and regulations[153] - The company reported a carbon emission of 90 tons of CO2 equivalent for the year 2021, compared to 86 tons in 2020, indicating a slight increase in emissions[160] - The company aims to maintain or reduce the total greenhouse gas emission intensity (tons of CO2 equivalent per employee) over the next three years[159] Employee Management and Culture - The company promotes a "people-oriented" corporate culture, focusing on creating a safe working environment and providing equal opportunities for all employees[178] - The employee turnover rate for the year was approximately 37%, a significant increase from 5% in 2020[184] - The company has a zero-tolerance policy towards workplace harassment and discrimination, ensuring equal opportunities for all employees[180] - The company provides a minimum of 7 days of annual leave along with additional leave types, including maternity and compassionate leave[184] - The company conducts annual performance evaluations to assess employee progress and determine promotions based on merit[183]