Financial Performance - Revenue for the year ended September 30, 2024, was HKD 85,493,000, an increase from HKD 77,886,000 in the previous year, representing a growth of approximately 9.3%[8] - The company reported a net loss of HKD 15,935,000 from other income and losses, compared to a gain of HKD 22,936,000 in the previous year[8] - The total comprehensive loss attributable to owners of the company from continuing operations was HKD 73,064,000, compared to a loss of HKD 18,110,000 in the previous year[12] - The company reported a pre-tax loss of HKD 12,907,000 for the year ended September 30, 2024, compared to a loss of HKD 1,082,000 in the previous year[38][70] - The company incurred employee costs totaling HKD 62,445,000 for the year ended September 30, 2024, down from HKD 88,017,000 in the previous year, a reduction of about 29%[57] - The company reported a loss from discontinued operations of HKD 4,092,000 for the year ended September 30, 2024, compared to a loss of HKD 1,811,000 in the previous year[71][72] - The basic loss per share for the year ended September 30, 2024, was HKD (72,993,000) compared to HKD (17,026,000) for the previous year, indicating a significant increase in losses[85] Revenue Breakdown - Revenue from licensed business in Hong Kong was HKD 71,375,000 for the year ended September 30, 2024, up from HKD 69,321,000 in the previous year, indicating a growth of about 3%[41] - Revenue from non-licensed business was HKD 61,380,000 for the year ended September 30, 2024, a slight decrease from HKD 62,517,000 in the previous year, reflecting a decline of approximately 1.8%[46] - The corporate finance advisory business accounted for approximately 10.5% of the total revenue from continuing operations for the year ending September 30, 2024[128] - The placement and underwriting services contributed about 17.7% to the total revenue from continuing operations for the same period[128] - Business consulting services represented approximately 40.5% of the total revenue from continuing operations for the year[130] - The accounting and tax services accounted for about 18.3% of the total revenue from continuing operations[130] Expenses and Losses - Administrative and other operating expenses decreased to HKD 96,963,000 from HKD 112,950,000, reflecting a reduction of about 14.1%[8] - The impairment loss on goodwill was HKD 37,943,000, which was not present in the previous year[8] - Interest expenses on bank loans for continuing operations were HKD 691,000 for the year ended September 30, 2024, compared to HKD 641,000 in the previous year, an increase of approximately 7.8%[53] - The company reported total other income and losses of HKD (19,587,000) for the year ended September 30, 2024, compared to HKD 23,228,000 in the previous year, indicating a significant decrease in other income[50] Assets and Equity - The company's net assets decreased to HKD 132,180,000 from HKD 198,226,000, indicating a decline of approximately 33.3%[21] - The company's equity attributable to owners increased to HKD 132,180,000 from HKD 199,229,000, reflecting a decrease of about 33.7%[21] - Trade receivables, net of loss provisions, decreased to HKD 13,856,000 in 2024 from HKD 32,436,000 in 2023[99] - The company’s investment in non-listed investment funds decreased to HKD 23,471,000 in 2024 from HKD 31,600,000 in 2023[95] Share and Capital Management - The company issued 38,640,000 shares, representing approximately 4.33% of the expanded issued share capital, to acquire 18,000,000 shares of RC365[117] - The company completed a share consolidation on January 5, 2024, merging every 25 shares of HKD 0.01 into one share of HKD 0.25[118] - The company issued 50,144,000 shares at HKD 0.83 per share to settle outstanding liabilities related to the acquisition of Earning Joy Group[120] - The company plans to issue and allocate a total of 7,136,000 new shares at a subscription price of HKD 1.40 per share, raising approximately HKD 10,000,000 for general working capital[134] - The company aims to raise up to approximately HKD 32,100,000 through the issuance of up to 128,452,080 rights shares at a subscription price of HKD 0.250 per share[143] Strategic Initiatives - The company has agreed to sell its 100% stake in ESGrowth Limited and 70% stake in Hong Kong Sustainability Strategic Advisory Limited for HKD 1, completing the transaction on September 30, 2024[140] - The company has entered into a subscription agreement for convertible bonds with a total principal amount of HKD 5,670,000, with an initial conversion price of HKD 0.315 per share[145] - The company plans to invest approximately USD 5,000,000 in Chromatic Media Ltd. to establish a wholly-owned subsidiary in a gaming-friendly jurisdiction[148] - The company is in discussions for a potential strategic collaboration with Chromatic Media Ltd. following legal due diligence[148] Governance and Compliance - The company has complied with the corporate governance code throughout the year[191] - The audit committee, composed of three independent non-executive directors, oversees the financial reporting and risk management processes[192] - There were no purchases, sales, or redemptions of any listed securities by the company or its subsidiaries during the year[189]

Financial Performance - Revenue for the six months ended March 31, 2024, was HKD 44,068,000, an increase of 11.7% compared to HKD 39,428,000 for the same period in 2023[9]. - The net loss from continuing operations for the six months was HKD 15,355,000, a reduction of 42.5% from HKD 26,792,000 in the prior year[9]. - Total comprehensive loss for the period was HKD 15,421,000, compared to HKD 21,837,000 in the previous year, indicating a 29.5% improvement[11]. - Basic and diluted loss per share from continuing operations was HKD (0.43), down from HKD (0.86) in the same period last year[11]. - The group reported a loss before tax of HKD 15,350,000 for the six months ended March 31, 2024, compared to a loss of HKD 21,180,000 for the same period in 2023, reflecting an improvement of approximately 27.1%[34][35]. - The group recorded a loss from continuing operations of approximately HKD 15,400,000 for the period, an improvement from a loss of approximately HKD 26,800,000 in the previous period[112]. Revenue Breakdown - The licensed business generated revenue of HKD 14,631,000, while the non-licensed business generated HKD 29,437,000, indicating a shift in revenue distribution[34]. - Revenue from Hong Kong increased to HKD 40,306,000 in 2024 from HKD 34,610,000 in 2023, marking a growth of about 16.5%[36]. - Revenue from licensed businesses rose by approximately HKD 7,300,000 or 107.4% to about HKD 14,100,000, driven mainly by an increase in placement and underwriting services revenue[104]. - Non-licensed business revenue decreased by approximately HKD 2,700,000 or 8.3% to about HKD 30,000,000, primarily due to declines in risk management and ESG consulting services[107]. Expenses and Costs - Administrative and other operating expenses decreased to HKD 55,928,000 from HKD 69,351,000, reflecting a reduction of 19.3%[9]. - Employee costs increased to HKD 33,684,000 from HKD 55,089,000, indicating a reduction of 38.8%[45]. - The financial costs for the six months were HKD 760,000, a decrease from HKD 862,000 in the previous year[43]. - The company recorded a tax expense of HKD 5,000 for the current period, down from HKD 604,000 in the previous year[47]. Assets and Liabilities - Non-current assets totaled HKD 130,159,000 as of March 31, 2024, slightly down from HKD 130,139,000 as of September 30, 2023[12]. - Current assets decreased to HKD 93,264,000 from HKD 142,454,000, a decline of 34.5%[12]. - Current liabilities were reduced to HKD 32,765,000 from HKD 67,123,000, a decrease of 51.2%[12]. - The net asset value decreased to HKD 182,805,000 from HKD 198,226,000, reflecting a decline of 7.8%[13]. - The company’s total liabilities increased, leading to a higher debt-to-equity ratio, reflecting increased financial leverage[20]. Cash Flow - Cash used in operating activities was HKD 11,738,000, an improvement from HKD 18,827,000 in the same period last year[23]. - The company generated a net cash inflow of HKD 5,500,000 from the sale of a subsidiary, compared to HKD 7,000,000 in the previous year[23]. - The company reported a decrease in cash and cash equivalents of HKD 11,726,000, compared to an increase of HKD 8,013,000 in the previous year[23]. Strategic Initiatives - The company plans to continue its market expansion efforts and explore potential acquisitions to enhance its service offerings[24]. - The company has invested in new technology development to improve operational efficiency and service delivery[24]. - The company aims to enhance its asset management services as part of its strategic growth initiatives[24]. - The company is actively exploring new business opportunities, particularly focusing on acquisition targets in the Greater Bay Area to enhance shareholder returns[118]. Share Capital and Options - The total issued and paid-up shares as of March 31, 2024, is 35,681,360, unchanged from the previous period[80]. - The company issued 38,640,000 shares at a price of HKD 386,000 during the reporting period[80]. - The total number of unexercised share options under the share option scheme was 1,767,600, a decrease from 44,600,000 options granted on December 30, 2022[126]. - The company has granted 44,600,000 share options under its share option scheme since its adoption in May 2017, with no expenses recognized in the profit and loss for the period[86]. Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with all applicable code provisions during the reporting period[132]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited results for the period and confirmed compliance with applicable accounting standards[134]. - The board of directors includes three executive directors and three independent non-executive directors as of the report date[136].

Financial Performance - For the six months ended March 31, 2024, the company reported revenue of HKD 44,068,000, an increase of 11.7% compared to HKD 39,428,000 for the same period in 2023[12]. - The net loss from continuing operations for the period was HKD 15,355,000, a decrease of 42.5% from a loss of HKD 26,792,000 in the previous year[12]. - The company recorded a net loss of HKD 15,421,000 for the period, compared to a loss of HKD 21,837,000 in the same period last year, representing a 29.5% improvement[14]. - Basic and diluted loss per share from continuing operations was HKD 0.43, improved from HKD 0.86 in the previous year[14]. - The total comprehensive loss for the period was HKD 15,421,000, compared to HKD 21,837,000 in the previous year, indicating a significant reduction in overall losses[14]. - The financial results reflect the company's efforts to streamline operations and reduce costs, contributing to improved financial health[12]. - The group recorded a loss from continuing operations of approximately HKD 15,400,000, an improvement from a loss of approximately HKD 26,800,000 in the previous period[115]. - The company reported a pre-tax loss of HKD 15,350,000 for the six months ended March 31, 2024, compared to a pre-tax loss of HKD 21,180,000 in the same period last year, showing an improvement of about 27.5%[38]. - The company reported a pre-tax loss of HKD 15,177,000 for the six months ended March 31, 2024, compared to a loss of HKD 26,472,000 for the same period in 2023, indicating a 42.5% improvement in loss[56]. Revenue Breakdown - Total revenue for the six months ended March 31, 2024, was HKD 44,068,000, an increase from HKD 39,428,000 in the same period last year, representing a growth of approximately 12.5%[37]. - Revenue from the Hong Kong market increased to HKD 40,306, up from HKD 34,610, reflecting a growth of about 16.5% year-over-year[39]. - Major client A contributed HKD 7,759,000 to revenue, compared to HKD 7,098,000 in the previous year, indicating a growth of approximately 9.3%[41]. - Revenue from licensed business rose by approximately HKD 7,300,000 or 107.4% to about HKD 14,100,000, driven mainly by an increase in placement and underwriting services[107]. - Revenue from non-licensed business decreased by approximately HKD 2,700,000 or 8.3% to about HKD 30,000,000, primarily due to declines in risk management and internal control consulting services[110]. - The corporate finance advisory business accounted for approximately 8.7% of the total revenue during the six months ending March 31, 2024[100]. - The placement and underwriting services contributed approximately 23.3% to the total revenue during the same period[100]. - Business consulting services represented about 5.9% of the total revenue for the six months ending March 31, 2024[101]. - The accounting and tax services accounted for approximately 39.7% of the total revenue during the same period[101]. Expenses and Cost Management - Administrative and other operating expenses decreased to HKD 55,928,000, down 19.3% from HKD 69,351,000 in the prior period[12]. - Total employee costs for continuing operations amounted to HKD 33,684,000, a decrease of 38.5% from HKD 54,674,000 in the previous year[48]. - Administrative and other operating expenses decreased by approximately HKD 13,500,000 or 19.5% to about HKD 55,900,000, mainly due to the absence of share-based payment expenses related to stock options[113]. Assets and Liabilities - As of March 31, 2024, the total assets amounted to HKD 190,658,000, a decrease of 7.2% from HKD 205,470,000 as of September 30, 2023[15]. - Current liabilities decreased significantly to HKD 32,765,000, down 51.2% from HKD 67,123,000[15]. - The net current assets stood at HKD 60,499,000, reflecting a decline from HKD 75,331,000[15]. - The company's equity attributable to owners decreased to HKD 183,986,000 from HKD 199,229,000, a drop of 7.6%[16]. - The total liabilities decreased to HKD 7,853,000, down from HKD 7,244,000, indicating a slight increase in financial obligations[16]. - The company’s total liabilities decreased from HKD 36,761,000 as of September 30, 2023, to HKD 5,487,000 as of March 31, 2024[78]. Cash Flow and Liquidity - The net cash used in operating activities for the six months ended March 31, 2024, was HKD (11,738) thousand, an improvement from HKD (18,827) thousand in the same period last year, representing a reduction of approximately 37.5%[26]. - Cash generated from investing activities was HKD 3,969 thousand, compared to a cash outflow of HKD (8,060) thousand in the previous year, indicating a significant turnaround[26]. - The net cash used in financing activities was HKD (3,957) thousand, a decrease from HKD 34,900 thousand in the prior year, reflecting a substantial reduction in financing outflows[26]. - The cash and cash equivalents at the end of the period were HKD 8,867 thousand, down from HKD 24,838 thousand at the end of the previous period, indicating a decrease of approximately 64.3%[26]. - The cash and cash equivalents decreased to HKD 8,867,000 from HKD 20,593,000, indicating a liquidity contraction[15]. Strategic Initiatives and Future Outlook - The company has committed to ongoing product development and market expansion strategies to enhance future performance[11]. - The board remains optimistic about future growth opportunities and is focused on strategic initiatives to drive revenue growth[11]. - Future outlook includes potential acquisitions and strategic partnerships to enhance market presence and operational efficiency[20]. - The company is actively exploring new business opportunities, particularly focusing on acquisition targets in the Greater Bay Area[121]. Share Capital and Stock Options - The total issued and paid-up share capital as of March 31, 2024, is HKD 8,920,000, with 35,681,360 shares outstanding[83]. - The company has granted 44,600,000 stock options to directors and employees since the adoption of the stock option plan until March 31, 2024[89]. - No expenses related to the stock option plan were recognized in the profit and loss statement during the period, with an amount of approximately HKD 23,032,000 for 2023[89]. - The total number of stock options granted in 2023 was 15,600,000, with 624,000 options remaining unexercised as of March 31, 2024[130]. - The total number of employee stock options granted was 28,700,000, with 1,143,600 options remaining unexercised as of March 31, 2024[130]. Compliance and Governance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[30]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix C1 and complied with all applicable code provisions during the reporting period[135]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited performance of the group for the period and confirmed compliance with applicable accounting standards and GEM Listing Rules[137].

Financial Performance - The company recorded a loss of approximately HKD 14,300,000 for the fiscal year ending September 30, 2023, compared to a loss of approximately HKD 8,200,000 for the previous year, indicating an increase in losses [11]. - Revenue increased by approximately 17.0% from about HKD 73,000,000 for the year ending September 30, 2022, to about HKD 85,400,000 for the current year [11]. - Administrative and other operating expenses increased by approximately HKD 49,500,000 or 67.5% to about HKD 122,800,000, mainly due to increased employee costs [61]. - The net loss margin for the year was approximately 16.8%, compared to 11.2% in 2022, indicating a deterioration in profitability [71]. - The adjusted EBITDA increased from approximately 11,400,000 HKD in 2022 to about 15,500,000 HKD in 2023, representing a growth of approximately 36.8% [70]. - Income tax expenses rose from approximately HKD 750,000 to about HKD 1,400,000, due to profits generated by certain subsidiaries [63]. Revenue Breakdown - The corporate finance advisory business accounted for approximately 13.6% of total revenue for the fiscal year ending September 30, 2023, while underwriting and placement services contributed about 4.3% and asset management services contributed about 0.1% [18]. - Business consulting services accounted for approximately 44.5% of the total revenue for the year [20]. - Accounting and tax services contributed about 17.2% to the total revenue [20]. - Revenue from licensed business increased by approximately HKD 1,800,000 or 13.1% to about HKD 15,500,000, driven by an increase in placement and underwriting services [58]. - Revenue from non-licensed business rose by approximately HKD 10,600,000 or 17.9% to about HKD 69,900,000, mainly due to contributions from business consulting and accounting services after the acquisition of Earning Joy [59]. - Other income increased significantly from approximately HKD 849,000 to about HKD 23,000,000, primarily due to gains from the sale of financial assets and unrealized gains [60]. Strategic Acquisitions and Partnerships - The company completed the acquisition of 100% of Earning Joy Development Limited, enhancing its strategy to become a one-stop integrated financial service provider [10]. - The company completed the acquisition of Earning Joy Development Limited for HKD 38 million, enhancing its one-stop financial service strategy [22]. - The company entered into a subscription agreement to acquire 18,000,000 shares of RC365 Holding Plc at a price of GBP 0.20 per share, totaling approximately HKD 34.8 million [31]. - The strategic alliance with RC365 will allow the company to share industry expertise and knowledge [31]. - The company entered into a non-binding memorandum of understanding with RC365 on February 13, 2023, to explore potential strategic business cooperation in developing fintech solutions, particularly smart algorithm technology for asset management [32]. - A memorandum of understanding was established with Smart Auto on March 22, 2023, to support cross-border acquisition activities and assist in raising approximately HKD 15 million in capital [35]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has complied with all applicable provisions for the year ending September 30, 2023 [123]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure [124]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee to oversee specific aspects of governance [129]. - The chairman and CEO roles are separated to ensure clear delineation of responsibilities, enhancing the independence of both positions [127]. - The company has a strong focus on corporate governance, with regular reviews of financial and non-financial performance measures by the board [129]. - The company has established a dividend policy that considers various factors before declaring dividends [150]. Risk Management and Compliance - Compliance and risk management have been prioritized, with new measures implemented to ensure adherence to regulatory standards [101]. - The internal audit team conducted an annual review of the risk management and internal control systems, which were deemed effective [158]. - The board has authorized the audit committee to review the effectiveness of the risk management and internal control systems annually [154]. - Major identified ESG risks include cybersecurity threats and data privacy issues, with measures in place to protect sensitive information and ensure proper access controls [190]. - The company has implemented risk management procedures to identify and assess risks affecting its objectives [156]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers significant ESG performance for the year, accounting for about 90.5% of the group's total revenue [171]. - The group is committed to sustainable business growth while supporting diverse stakeholder interests [179]. - The ESG strategy includes four key focus areas aimed at achieving sustainable growth and integrating sustainability into all business aspects [184]. - The company actively seeks to reduce emissions and conserve natural resources, aligning with local environmental standards and international benchmarks [187]. - The company has established an Environmental, Social, and Governance (ESG) policy emphasizing its commitment to environmental protection, climate change, employee health and safety, and community engagement [183]. - The board is responsible for overseeing ESG strategies, goals, and progress [180].

Financial Performance - The group recorded a loss of approximately HKD 14.3 million for the year ending September 30, 2023, compared to a loss of approximately HKD 8.2 million for the previous year, indicating an increase in losses [15]. - Revenue increased by approximately 17.0% from about HKD 73 million for the year ending September 30, 2022, to about HKD 85.4 million for the current year [15]. - The company recorded a total revenue increase of approximately 17.0% to about HKD 85,400,000 for the year, compared to HKD 73,000,000 in the previous year [58]. - Revenue from licensed business increased by approximately HKD 1,800,000 or 13.1% to about HKD 15,500,000, driven by an increase in placement and underwriting services [61]. - Revenue from non-licensed business rose by approximately HKD 10,600,000 or 17.9% to about HKD 69,900,000, mainly due to contributions from business consulting and accounting services after the acquisition of Earning Joy [62]. - Other income increased significantly from approximately HKD 849,000 to about HKD 23,000,000, primarily due to gains from the sale of financial assets and unrealized gains [63]. - Administrative and other operating expenses rose by approximately HKD 49,500,000 or 67.5% to about HKD 122,800,000, mainly due to increased employee costs [64]. - Financial costs decreased from approximately HKD 2,500,000 to about HKD 1,700,000, attributed to a reduction in the outstanding principal amount of convertible bonds [65]. - Income tax expenses increased from approximately HKD 750,000 to about HKD 1,400,000 due to profits generated by certain subsidiaries [66]. - The net loss margin for the year was approximately 16.8%, compared to 11.2% in 2022, indicating a deterioration in profitability [74]. Strategic Acquisitions and Partnerships - The company completed the acquisition of 100% of Earning Joy Development Limited, enhancing its strategy to become a one-stop comprehensive financial service provider [14]. - The company completed the acquisition of Earning Joy Development Limited for HKD 38 million, enhancing its position as a one-stop financial service provider [26]. - The company sold 85% of its stake in Fortune Securities Limited for HKD 14 million, which was completed on December 23, 2022 [14]. - The company entered into a strategic alliance with RC365 Holding Plc, agreeing to subscribe for 18,000,000 shares at a price of GBP 0.20 each, totaling approximately HKD 34.8 million [35]. - The company entered into a non-binding memorandum of understanding with RC365 on February 13, 2023, to explore potential strategic business cooperation in developing fintech solutions, particularly smart algorithm technology for investment advice in asset management [36]. - The company completed the subscription with RC365 on April 13, 2023, enhancing its ability to serve existing clients and attract new clients across different industries [36]. - A memorandum of understanding was signed with Smart Auto on March 22, 2023, to support Smart Auto in cross-border acquisition activities and assist in raising approximately HKD 15 million in capital [39]. - The company signed a letter of intent with Cloudnifier on April 4, 2023, to develop and distribute big data platforms and integrated solutions for financial institutions, leveraging Cloudnifier's expertise in AI and blockchain [41]. - An AI development memorandum of understanding was established with Regal Crown on June 1, 2023, to explore the application of AI solutions in digital wealth management [45]. - The company agreed to fund HKD 15 million for the development of the RC3.0 application, which aims to provide financial institutions with virtual banking financing and ERP functionalities [47]. Financing and Capital Management - The company issued 25,072,000 shares at HKD 0.70 each to settle promissory notes, totaling approximately HKD 17.6 million [29]. - A placement of up to 57,000,000 shares was successfully completed at a price of HKD 0.69 per share, raising approximately HKD 39.3 million in total proceeds [31]. - The net proceeds from the placement are intended for establishing an investment fund and general working capital [31]. - The company aims to strengthen its financial position and expand its shareholder base through various financing strategies [31]. - The board proposed a share consolidation on October 6, 2023, merging every 25 existing shares into one new share, subject to shareholder approval [52]. - Following the share consolidation, the trading unit will remain at 5,000 shares [52]. Governance and Compliance - The company has maintained compliance with the corporate governance code as of September 30, 2023, adhering to all applicable provisions [126]. - The board of directors consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure [127]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee to oversee specific aspects of governance [132]. - The chairman and CEO roles are separated to ensure clear delineation of responsibilities, enhancing corporate governance [130]. - The company has appointed independent non-executive directors to provide independent opinions on conflicts of interest, strategy, performance, resources, and ethical standards [115]. - The company secretary and compliance officer roles are filled by experienced individuals to ensure adherence to regulatory requirements [123][124]. - The company has implemented a robust risk management framework to monitor financial and non-financial performance measures [132]. - The board actively reviews monthly updates and audit reports to oversee the management's performance effectively [132]. - The company has purchased appropriate liability insurance for its directors and senior management to mitigate risks [129]. - The company has appointed three independent non-executive directors, ensuring compliance with GEM Listing Rule 5.05, with at least one possessing relevant professional qualifications in accounting or financial management [134]. - The independent non-executive directors bring significant experience to the board, enhancing oversight in financial and mandatory reporting [134]. - The nomination committee, consisting of three independent non-executive directors, held two meetings this year to review board structure and assess the independence of directors [141]. - The remuneration committee, comprising one executive director and three independent non-executive directors, held one meeting to review director remuneration and reappointment [142]. - The audit committee, made up of three independent non-executive directors, conducted four meetings to review the group's annual and interim financial results, ensuring effective risk management and internal controls [144]. - The board of directors consists of at least three independent non-executive directors, accounting for over 33% of the board [148]. - The auditor's fees for the year amounted to HKD 1,330,000 for audit services [150]. - The company has established a dividend policy that considers various factors before declaring dividends [151]. - The board has conducted a review of the risk management and internal control systems, confirming their effectiveness [161]. - The company has a structured process for risk identification, assessment, and mitigation to manage operational risks [159]. - All directors participated in continuous professional development during the year, enhancing their knowledge and skills [155]. - The board has authorized the audit committee to review the effectiveness of the risk management and internal control systems annually [157]. - The company has mechanisms in place to ensure compliance with insider trading regulations among employees [160]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of submission [162]. - The board will continuously review the dividend policy and does not guarantee the payment of dividends for any specific period [153]. - The board currently consists of six members, all of whom are male, with a plan to appoint a qualified female director by December 31, 2024 [167]. - As of September 30, 2023, the workforce comprises approximately 40% male and 60% female employees, indicating gender diversity at the employee level [167]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers significant ESG performance for the fiscal year from October 1, 2022, to September 30, 2023, accounting for about 90.5% of the group's total revenue [175]. - The ESG report was prepared in accordance with the GEM Listing Rules and includes principles of materiality, consistency, balance, and quantification [177]. - The board is responsible for overseeing ESG strategies, goals, and indicators, ensuring accountability for climate-related matters [184]. - The ESG committee, composed of senior management, is tasked with managing the group's sustainable development and climate-related issues [185]. - The company emphasizes the importance of effective ESG management systems to drive strategic and long-term development [183]. - The company has established measurable targets for board diversity and has reviewed its diversity policy to ensure effectiveness [167]. - The company is committed to maintaining appropriate balance in diversity perspectives related to business growth [167]. - The company welcomes feedback and suggestions regarding its ESG performance and sustainability initiatives [182]. - The company has established an Environmental, Social, and Governance (ESG) policy emphasizing its commitment to environmental protection, climate change, employee health and safety, and community engagement [187]. - The ESG strategy includes four key focus areas aimed at achieving sustainable growth and integrating sustainability into all business aspects [188]. - The company actively seeks to reduce emissions and conserve natural resources, aligning with local environmental standards and international benchmarks [191]. - A series of activities and training have been initiated to integrate ESG values into daily operations and fulfill corporate responsibility commitments [191]. - The board is responsible for maintaining effective risk management, with significant ESG risks identified including cybersecurity and data privacy [194]. - The company engages with stakeholders through various channels, including annual performance evaluations and community investment projects, to enhance ESG management and performance [198]. - An independent third-party consultant assisted in a three-step materiality assessment to identify important ESG issues for strategy development [199]. - The company aims to achieve the United Nations Sustainable Development Goals and will establish indicators aligned with global agendas [192]. - Regular training is provided to key personnel to ensure they possess the necessary skills and knowledge to meet business objectives [194]. - The company encourages employee participation in local community activities and volunteer work to foster positive community relations [191].

Financial Performance - For the nine months ended June 30, 2023, Hatcher Group Limited reported revenue of approximately HKD 60,300,000, an increase of about 3.6% compared to HKD 58,200,000 for the same period in 2022[7]. - The company recorded a loss of approximately HKD 15,400,000 for the nine months ended June 30, 2023, a significant improvement from a loss of HKD 78,000,000 for the same period in 2022[7]. - Basic and diluted loss per share for the nine months ended June 30, 2023, was approximately HKD 1.88, compared to HKD 0.02 for the same period in 2022[7]. - Total comprehensive loss for the nine months ended June 30, 2023, was HKD 15,493,000, compared to a total comprehensive loss of HKD 1,588,000 for the same period in 2022[10]. - The company reported a net loss of 1,510 million HKD, which is an improvement from the previous loss of 1,588 million HKD[11]. - The company reported a loss of HKD 7,212,000 for the nine months ended June 30, 2023, compared to a loss of HKD 15,209,000 in the same period last year, indicating an improvement[14]. - The total comprehensive loss for the period was HKD 191,598,000, compared to a loss of HKD 15,493,000 in the previous period[15]. Revenue and Income Sources - The company reported an increase in other income of approximately HKD 10,700,000 for the nine months ended June 30, 2023[7]. - Total revenue for the period reached 42,623 million HKD, reflecting a significant increase compared to previous periods[11]. - Total income from non-licensed businesses for the nine months ended June 30, 2023, was HKD 49,844,000, an increase of 3% from HKD 48,390,000 in the same period of 2022[24]. - Revenue from licensed businesses rose by approximately HKD 730,000 or 7.1% to about HKD 10,500,000, driven mainly by increases in corporate finance advisory services and placement and underwriting services[87]. - Non-licensed business revenue increased by approximately HKD 1,500,000 or 2.9% to about HKD 49,800,000 for the period, compared to HKD 48,400,000 in 2022[88]. Expenses and Costs - Administrative and other operating expenses increased by approximately HKD 35,700,000 compared to the same period in 2022[7]. - Employee benefits expenses for the nine months ended June 30, 2023, increased to HKD 45,382,000, a rise of 60% from HKD 28,222,000 in the same period last year[33]. - The company reported a pre-tax loss for the nine months ended June 30, 2023, with total employee costs amounting to HKD 70,396,000, compared to HKD 30,945,000 in the same period of 2022[33]. - Interest expenses on bank borrowings for the nine months ended June 30, 2023, increased to HKD 650,000, up 29% from HKD 503,000 in the same period last year[30]. - Administrative and other operating expenses for the nine months ended June 30, 2023, were HKD 3,041,000, compared to HKD 778,000 for the same period in 2022, indicating a significant increase[43]. - Financing costs decreased from approximately HKD 2,100,000 to about HKD 1,200,000, mainly due to a reduction in the outstanding principal amount of convertible bonds[93]. Strategic Initiatives and Future Outlook - Future guidance projects a revenue growth of approximately 15% for the next quarter, aiming for 49,000 million HKD[11]. - The company is investing in new product development, with a budget allocation of 7,550 million HKD for R&D initiatives[11]. - Market expansion strategies include targeting new regions, with an expected increase in market share by 5% in the upcoming fiscal year[11]. - The company plans to pursue strategic acquisitions to enhance its technology portfolio, with a focus on companies valued under 1 billion HKD[11]. - The company is actively exploring new business opportunities, particularly in the Greater Bay Area, following the easing of quarantine measures in China[97]. Shareholder and Capital Management - The company issued 50,144,000 shares at HKD 0.70 per share to settle convertible notes, raising a total of HKD 35,100,000[17]. - The company also issued 57,000,000 shares at HKD 0.69 per share, generating HKD 39,330,000 in capital[17]. - The total number of issued shares as of June 30, 2023, is 892,034,000[107]. - Tanner Enterprises holds 113,730,000 shares, representing approximately 12.75% of the company's issued share capital as of June 30, 2023[106]. - The net proceeds from the placement are intended for establishing an investment fund and general operational funding[66]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[21]. - The audit committee consists of three independent non-executive directors, overseeing financial reporting and risk management[115]. - The company has complied with the corporate governance code as per GEM listing rules[113]. - No interests or potential conflicts of interest were reported among directors and major shareholders as of June 30, 2023[112]. Discontinued Operations - The company recognized a gain of approximately HKD 5,600,000 from the sale of discontinued operations during the nine months ended June 30, 2023[7]. - The net loss from discontinued operations for the nine months ended June 30, 2023, was HKD 610,000, compared to HKD 2,260,000 for the same period in 2022[10]. - The company reported a total loss from discontinued operations of HKD 1,222,000 for the nine months ended June 30, 2023, compared to HKD 2,051,000 in the same period of 2022[30]. - The company completed the sale of 85% of its subsidiary, 富滙證券有限公司, for a consideration of HKD 14,000,000 on December 23, 2022[41]. - The net loss from discontinued operations for the three months ended June 30, 2023, was HKD 682,000, compared to a loss of HKD 610,000 for the same period in 2022[43].

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佈的內容概不負責，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佈全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HATCHER GROUP LIMITED 亦 辰 集 團 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8365） 截至二零二三年六月三十日止九個月 第三季度業績公佈 亦辰集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 截至二零二三年六月三十日止九個月的未經審核簡明綜合業績。本公佈載列本公司截至 二零二三年六月三十日止九個月的第三季度報告（「第三季度報告」）全文，符合香港聯合 交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初 步公佈附載資料的相關規定。第三季度報告的印刷版本將適時寄發予本公司股東，並刊 載於聯交所網站www.hkexnews.hk 及本公司網站www.hatcher-group.com 供閱覽。 承董事會命 亦辰集團有限公司 執行董事 許永權 香港，二零二三年八月十四日 ...

Financial Performance - The company recorded revenue of approximately HKD 39,600,000 for the six months ended March 31, 2023, representing an increase of about 31.6% compared to HKD 30,100,000 for the same period in 2022[8]. - The loss for the six months ended March 31, 2023, was approximately HKD 21,800,000, compared to a loss of HKD 4,400,000 for the same period in 2022, primarily due to increased administrative and operational expenses[8]. - Basic and diluted loss per share for the six months ended March 31, 2023, was approximately HKD 2.78, compared to HKD 0.72 for the same period in 2022[8]. - The total comprehensive loss for the six months ended March 31, 2023, was HKD 21,837,000, compared to HKD 2,616,000 for the same period in 2022[12]. - The company reported a net loss attributable to owners of the company of HKD 21,464,000 for the six months ended March 31, 2023, compared to HKD 4,345,000 for the same period in 2022[12]. - The total comprehensive loss for the period was HKD 21,464,000, indicating a significant impact on the company's financial performance[21]. - The pre-tax loss for the period was HKD 21,180,000, compared to a loss of HKD 4,238,000 for the same period in 2022[40]. Revenue Breakdown - Revenue from continuing operations for the six months ended March 31, 2023, was HKD 39,428,000, up from HKD 29,603,000 in the same period of 2022[10]. - Total revenue for the six months ended March 31, 2023, was HKD 39,588,000, an increase of 31.3% compared to HKD 30,137,000 for the same period in 2022[40]. - The licensed business generated revenue of HKD 6,759,000, up from HKD 6,217,000, reflecting an 8.7% increase year-over-year[40]. - Non-licensed business revenue rose significantly to HKD 32,669,000 from HKD 23,386,000, marking an increase of 39.9%[40]. - Revenue from Hong Kong for the six months ended March 31, 2023, was HKD 34,610,000, up from HKD 26,543,000, representing a 30.4% increase[42]. Expenses and Liabilities - Administrative and other operating expenses increased to HKD 69,351,000 for the six months ended March 31, 2023, compared to HKD 30,175,000 for the same period in 2022[10]. - Employee benefits expenses for continuing operations increased to HKD 30,666,000 for the six months ended March 31, 2023, up from HKD 18,458,000 in 2022, representing a 66.5% increase[57]. - The total interest expenses for continuing operations decreased to HKD 862,000 for the six months ended March 31, 2023, from HKD 1,626,000 in 2022, a reduction of 47%[54]. - The group incurred a tax expense of HKD 604,000 for the six months ended March 31, 2023, while no tax was recorded for the same period in 2022[60]. - The group’s total employee costs for continuing operations reached HKD 54,674,000 for the six months ended March 31, 2023, compared to HKD 18,998,000 in 2022, marking a 187% increase[57]. Assets and Equity - Non-current assets increased significantly to HKD 112,719,000 in March 2023 from HKD 72,982,000 in September 2022, representing a growth of approximately 54%[13]. - Current assets net increased to HKD 66,351,000 in March 2023 from HKD 10,844,000 in September 2022, marking a substantial increase of about 511%[15]. - Total liabilities decreased to HKD 41,096,000 in March 2023 from HKD 181,415,000 in September 2022, a reduction of approximately 77%[15]. - The company's equity attributable to owners rose to HKD 169,645,000 in March 2023 from HKD 69,840,000 in September 2022, reflecting an increase of about 143%[15]. - The goodwill increased to HKD 84,831,000 in March 2023 from HKD 43,671,000 in September 2022, indicating a growth of approximately 94%[13]. Cash Flow and Financing - The net cash used in operating activities for the six months ended March 31, 2023, was HKD (18,827) thousand, compared to HKD (14,830) thousand for the same period in 2022[26]. - The cash inflow from financing activities amounted to HKD 34,900 thousand, a significant increase from HKD (4,250) thousand in the prior period[26]. - The company issued new shares generating proceeds of HKD 39,330 thousand during the financing activities[26]. - The company has a government loan of approximately HKD 240,000,000, which is interest-free and due for repayment by December 31, 2023[106]. Share Capital and Options - The company's share capital increased to HKD 8,533,000 in March 2023 from HKD 7,212,000 in September 2022, reflecting an increase of approximately 18%[15]. - The company granted 44,600,000 share options to directors and employees as of December 30, 2022, with a fair value of approximately HKD 23,032,000[123]. - The exercise price of the share options is set at HKD 0.88, with an expected price volatility of 99.53% over a projected term of 10 years[126]. - No share options were exercised, cancelled, or lapsed during the period, and the related expenses of HKD 23,032,000 were recognized in profit or loss[128]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[197]. - The board of directors includes both executive and independent non-executive members, ensuring a balanced governance structure[198]. - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[194]. Strategic Initiatives - The company plans to enhance its strategy to become a comprehensive one-stop financial service provider following the acquisition of Earning Joy[118]. - The company has entered into a letter of intent with Cloudnifier Corporation Limited to develop and distribute big data platforms for financial institutions[156]. - The company plans to continue seeking opportunities in both licensed and non-licensed businesses, with a focus on acquisitions in the Greater Bay Area[175].

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佈的內容概不負責，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佈全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HATCHER GROUP LIMITED 亦 辰 集 團 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8365） 截至二零二三年三月三十一日止六個月 中期業績公佈 亦辰集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 截至二零二三年三月三十一日止六個月的未經審核簡明綜合業績。本公佈載列本公司截 至二零二三年三月三十一日止六個月的中期報告（「中期報告」）全文，符合香港聯合交易 所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附 載資料的相關規定。中期報告的印刷版本將適時寄發予本公司股東，並刊載於聯交所網 站www.hkexnews.hk 及本公司網站www.hatcher-group.com 供閱覽。 承董事會命 亦辰集團有限公司 執行董事 許永權 香港，二零二三年五月十五日 ...

Financial Performance - The company recorded revenue of approximately HKD 20,300,000 for the three months ended December 31, 2022, an increase of about 53.8% compared to HKD 13,200,000 for the same period in 2021[7]. - The company reported a loss of approximately HKD 15,300,000 for the three months ended December 31, 2022, compared to a loss of HKD 1,500,000 for the same period in 2021, primarily due to increased administrative and operational expenses[7]. - Basic and diluted loss per share for the three months ended December 31, 2022, was approximately HKD 2.10, compared to HKD 0.27 for the same period in 2021[7]. - Total comprehensive loss for the period was HKD 15,498,000, compared to HKD 242,000 for the same period in 2021[9]. - The group recorded a loss of HKD 20,222,000 for continuing operations for the three months ended December 31, 2022, compared to a loss of HKD 830,000 in the same period in 2021, indicating a deterioration in performance[38]. - The group reported a total employee cost of HKD 38,569,000 for the three months ended December 31, 2022, compared to HKD 8,406,000 in the same period of 2021, representing an increase of 359%[32]. Revenue Breakdown - Revenue from continuing operations was HKD 20,161,000, compared to HKD 12,874,000 for the same period in 2021[8]. - Revenue from corporate finance advisory services was HKD 5,120,000, up 47.2% from HKD 3,477,000 year-over-year[26]. - The asset management services revenue decreased to HKD 23,000 from HKD 50,000, indicating a decline of 54%[26]. - Accounting and tax services generated HKD 9,675,000, a significant increase of 140.5% compared to HKD 4,035,000 in the previous year[26]. - Business consulting services revenue decreased to HKD 1,829,000 from HKD 2,585,000, reflecting a decline of 29.3%[26]. - Environmental, social, and governance consulting services revenue increased to HKD 1,670,000, up 24.2% from HKD 1,344,000[26]. - Risk management and internal control consulting services revenue decreased to HKD 507,000 from HKD 762,000, a decline of 33.4%[26]. - The company reported a total of HKD 15,018,000 from non-licensed businesses, which is a 60.5% increase from HKD 9,347,000[26]. Operational Expenses - Administrative and other operating expenses increased by approximately HKD 30,700,000 compared to the same period in the previous year[7]. - Employee costs for continuing operations increased to HKD 38,154,000 in the three months ended December 31, 2022, from HKD 7,813,000 in the same period of 2021, reflecting a rise of 387%[32]. - Administrative and other operating expenses rose approximately 222.5% from about HKD 13,800,000 to approximately HKD 44,500,000, primarily due to an increase in employee costs[63]. Strategic Initiatives - The company anticipates a revenue growth of 5,296 million in the upcoming quarter, indicating a positive outlook[11]. - New product development efforts are focused on enhancing user experience, with an investment of HKD 1,222 million allocated for R&D[11]. - The company plans to expand its market presence, targeting a 15% increase in market share over the next fiscal year[11]. - A strategic acquisition is in progress, expected to enhance the company's technological capabilities and market reach[11]. - The company is exploring partnerships to enhance its product offerings and expand its customer base[11]. - A focus on sustainability initiatives is being prioritized, with plans to invest HKD 5,296 million in green technologies[11]. Shareholder Information - Major shareholders include Ms. Yin Ke Xin with 19.20% and Jayden Wealth Limited with 19.18% of the shares[74]. - The total number of shares issued as of December 31, 2022, was 746,200,000[71]. - The total number of issued shares as of December 31, 2022, was 746,200,000[75]. - As of December 31, 2022, there were no interests held by directors or major shareholders in any competing businesses[78]. Compliance and Governance - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[23]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[83]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[81].