Financial Performance - For the six months ended September 30, 2019, the company's revenue was HKD 42,256,000, a decrease of 27% compared to HKD 57,953,000 for the same period in 2018[5]. - Gross profit for the same period was HKD 13,187,000, down 19% from HKD 16,404,000 year-over-year[5]. - The company reported a loss of HKD 521,000 for the six months ended September 30, 2019, compared to a loss of HKD 1,460,000 in the same period of 2018[5]. - Total comprehensive loss for the period was HKD 1,358,000, compared to a loss of HKD 2,293,000 in the prior year[7]. - The company reported a basic and diluted loss per share of HKD 0.05 for the six months ended September 30, 2019, compared to a loss of HKD 0.19 in the same period of 2018[5]. - The company reported a total comprehensive loss of HKD 2,293,000 for the six months ended September 30, 2019, compared to a loss of HKD 1,460,000 in the previous period[15]. - The company recorded a net profit attributable to owners of approximately HKD 0.07 million, compared to a net loss of HKD 1.5 million in the same period of 2018[99]. Assets and Liabilities - Non-current assets increased to HKD 31,077,000 as of September 30, 2019, from HKD 25,005,000 as of March 31, 2019[9]. - Current assets decreased to HKD 80,210,000 from HKD 112,043,000 over the same period[9]. - The company's total assets less current liabilities stood at HKD 91,456,000 as of September 30, 2019, compared to HKD 90,175,000 as of March 31, 2019[11]. - The company's equity total was HKD 83,607,000 as of September 30, 2019, an increase from HKD 82,627,000 as of March 31, 2019[11]. - Trade receivables as of September 30, 2019, were HKD 11,445,000, a decrease from HKD 42,970,000 as of March 31, 2019, indicating a reduction in outstanding receivables[54]. - Trade payables as of September 30, 2019, were HKD 14,048,000, down from HKD 44,516,000 as of March 31, 2019, showing a decrease in liabilities[59]. - The total assets and total liabilities were approximately HKD 111.3 million and HKD 27.7 million, respectively, as of September 30, 2019[100]. Cash Flow and Financing - Cash generated from operating activities for the six months ended September 30, 2019, was HKD 2,388,000, a decrease from HKD 2,740,000 in the same period of 2018[21]. - The net cash used in investing activities was HKD 3,730,000 for the six months ended September 30, 2019, compared to HKD 2,815,000 in the previous year[21]. - The cash and cash equivalents at the end of the reporting period were HKD 50,159,000, compared to HKD 17,884,000 at the end of the previous period[21]. - The company incurred financing costs of HKD 321,000 for the six months ended September 30, 2019, compared to HKD 88,000 in the same period of 2018[5]. - The financing cost for financial liabilities was HKD 307 for the six months ended September 30, 2019, up from HKD 88 in 2018[41]. - The company incurred capital expenditures of approximately HKD 3,423,000 on property, plant, and equipment for the six months ended September 30, 2019, compared to HKD 2,603,000 in the same period of 2018[51]. Revenue Sources - Revenue from external customers in Thailand for the six months ended September 30, 2019, was HKD 42,256, a decrease of 27% compared to HKD 57,953 for the same period in 2018[36]. - Merchant acquiring transaction fee income was approximately HKD 31.9 million, down about 29.3% from HKD 45.1 million in 2018, primarily due to a decrease in the number of Chinese tourists visiting Thailand[91]. - Forex discount income was approximately HKD 9.4 million, a decrease of about 26.6% from HKD 12.8 million in 2018[91]. - General administrative expenses increased by approximately 64.6% to HKD 7.9 million, primarily due to increased salaries and benefits for directors and employees[95]. Employee and Management Costs - Employee costs, including management remuneration, totaled HKD 4,050 for the six months ended September 30, 2019, compared to HKD 2,014 in 2018, indicating a significant increase[41]. - The total employee cost for the six months ended September 30, 2019, was approximately HKD 4.1 million, compared to HKD 2.0 million in 2018[113]. - The company’s management personnel compensation for the six months ended September 30, 2019, totaled HKD 1,244,000, an increase from HKD 288,000 in the same period of 2018[76]. - The company employed a total of 26 employees as of September 30, 2019, an increase from 23 employees as of March 31, 2019[113]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, with a deviation noted in section A.2.1 regarding the roles of the Chairman and CEO[126]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ended September 30, 2019, confirming compliance with applicable accounting standards[136]. - No share options have been granted since the adoption of the share option scheme on September 18, 2018, and there were no outstanding share options as of September 30, 2019[134]. Future Plans and Investments - The company plans to expand its payment processing services to other payment network organizations, with an allocated budget of HKD 15.1 million, of which HKD 6.0 million has been utilized[115]. - The company aims to expand into Cambodia with a budget of HKD 6.6 million, which has not yet been utilized[115]. - The company has entered into a conditional share purchase agreement to acquire 33% of the issued share capital of a target company for a total consideration of HKD 2.2 million, which is engaged in developing e-commerce applications[85].

Financial Performance - The company reported revenue of HKD 21,537,000 for the three months ended June 30, 2019, a decrease of 32.8% compared to HKD 32,093,000 in the same period of 2018[5] - Gross profit for the same period was HKD 6,730,000, representing a gross margin of approximately 31.2%, down from HKD 9,054,000 in 2018[5] - The company recorded a net profit of HKD 592,000 for the three months ended June 30, 2019, a decline of 66.9% from HKD 1,791,000 in the prior year[5] - Basic and diluted earnings per share were both HKD 0.06, compared to HKD 0.24 in the same quarter of 2018[5] - Total comprehensive income for the period was HKD 2,338,000, significantly up from HKD 479,000 in the previous year, driven by foreign exchange gains[7] - Merchant acquiring transaction fee income was HKD 16,169,000, down 35.2% from HKD 24,912,000 year-on-year[44] - For the three months ended June 30, 2019, the company recorded total revenue of approximately HKD 21.5 million, a decrease of about 33.1% compared to HKD 32.1 million in the same period of 2018[65] - Merchant acquiring transaction fee income was approximately HKD 16.2 million, down from HKD 24.9 million, representing a decrease of about 34.5% year-on-year[65] - Forex discount income decreased to approximately HKD 4.9 million from HKD 7.2 million, a decline of about 31.9% compared to the previous year[65] - Gross profit for the period was approximately HKD 6.7 million, down about 26.4% from HKD 9.1 million in the same period last year[67] - The company recorded a net profit attributable to owners of approximately HKD 0.6 million, a decrease of about 66.7% from HKD 1.8 million in the same period of 2018[72] Expenses and Costs - The company incurred administrative expenses of HKD 3,483,000, an increase from HKD 2,362,000 in the same period last year[5] - Employee costs increased to HKD 1,791,000 from HKD 975,000, reflecting a rise of 83.6% year-on-year[46] - General administrative expenses increased by approximately 45.8% to HKD 3.5 million from HKD 2.4 million, primarily due to increased salaries and benefits for directors and administrative staff[69] - The company’s financing costs were HKD 157,000, compared to HKD 44,000 in the previous year, indicating increased borrowing costs[5] Tax and Financial Management - The income tax expense for the period was HKD 309,000, a decrease of 49.6% from HKD 615,000 in the previous year[48] - Bank interest income increased to HKD 57,000 from HKD 22,000, representing a growth of 159.1% year-on-year[44] - The group maintained a prudent financial management policy and a robust liquidity position throughout the reporting period[77] Corporate Strategy and Development - The company plans to expand its market presence in Thailand, focusing on merchant acquiring services[35] - The company is exploring new product development opportunities to enhance its service offerings in the payment processing sector[35] - The company plans to maintain cost awareness through strict cost control measures to enhance business performance[63] - The company will actively seek business opportunities that can contribute to future development and provide better returns to shareholders[63] Restructuring and Compliance - The company has undergone a restructuring to optimize its group structure, which was completed prior to its listing on the GEM[35] - The group recognized lease liabilities of approximately HKD 1,351,000 upon the initial application of HKFRS 16, with related interest expenses of about HKD 5,000 during the period[42] - The group applied a single discount rate for lease liabilities with similar characteristics, which is a significant change under HKFRS 16[40] - The group did not reclassify or adjust the opening balance of equity as the cumulative effect of adopting HKFRS 16 was not significant[39] - The group has chosen not to reassess whether contracts contain leases at the date of initial application, relying instead on previous assessments[42] - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the three months ended June 30, 2019, and confirmed compliance with applicable accounting standards[99] Shareholder Information - As of June 30, 2019, major shareholders included Mei Ya Group Limited holding 525,000,000 shares (52.50%) and Straum Investments holding 157,500,000 shares (15.75%)[84] - The total number of issued shares as of June 30, 2019, was 1,000,000,000[86] - The company did not purchase, sell, or redeem any of its listed securities during the review period[88] - The company did not recommend the payment of dividends for the three months ended June 30, 2019, consistent with the previous year[55] - No significant investments, acquisitions, or disposals were made by the group during the three months ended June 30, 2019, aside from restructuring activities related to the listing of the company's shares[79] - No share options have been granted since the adoption of the share option scheme on September 18, 2018, and there were no outstanding share options as of June 30, 2019[98] Market Conditions - The company continues to face uncertainties related to the Thai economy and the impact of the US-China trade war on Chinese tourist spending in Thailand[62]

Financial Performance - The group recorded a revenue growth of approximately 5.4% to HKD 111.8 million for the year ended March 31, 2019, compared to HKD 106.1 million in 2018[13] - The loss attributable to equity holders was approximately HKD 8.1 million, an increase from HKD 1.1 million in 2018, primarily due to increased listing expenses of about HKD 14.6 million[13] - For the fiscal year ended March 31, 2019, the group recorded total revenue of approximately HKD 111.8 million, an increase of about 5.3% from HKD 106.1 million in 2018[21] - Merchant acquiring transaction fee income was approximately HKD 86.3 million, up about 5.9% from HKD 81.5 million in 2018[21] - The cost of services provided totaled approximately HKD 79.2 million, reflecting an increase of about 4.6% compared to HKD 75.7 million in 2018[23] - Gross profit for the fiscal year was approximately HKD 32.6 million, representing an increase of about 7.2% from HKD 30.4 million in 2018[24] - General administrative expenses rose to approximately HKD 11.8 million, a significant increase of about 42.2% from HKD 8.3 million in 2018[25] - The group recorded a net loss attributable to owners of approximately HKD 8.1 million, compared to a net loss of HKD 1.1 million in 2018[28] Business Operations - The group’s revenue sources include merchant acquiring transaction fee income, foreign exchange discount income, and marketing and distribution service income[19] - The company’s merchant acquiring business processes transactions through sales points, charging a percentage based on transaction value[19] - The foreign exchange discount income is derived from daily settlements with UnionPay International, benefiting from favorable exchange rates[19] - The group will continue to closely monitor market conditions and adjust its business strategies in response to fluctuations in transaction values from its merchant network[19] - The group is actively seeking business opportunities to promote and sustain future development for better returns to shareholders[14] Cash Flow and Capital Management - The funds raised from the listing have strengthened the group's cash flow and will be used to implement future plans and business strategies outlined in the prospectus[13] - As of March 31, 2019, the group had current assets of approximately HKD 112.0 million, up from HKD 74.3 million in 2018[31] - The total assets and total liabilities were approximately HKD 137.0 million and HKD 54.4 million, respectively, compared to HKD 88.0 million and HKD 56.3 million in 2018[31] - The net proceeds from the share offering amounted to approximately HKD 51.1 million, with HKD 17.3 million already utilized and a remaining balance of HKD 33.8 million[41] Employee and Talent Management - The total employee cost for the year ending March 31, 2019, was approximately HKD 5.8 million, an increase from HKD 3.6 million in the previous year[42] - The company employed a total of 23 employees as of March 31, 2019, up from 20 employees a year earlier[42] - The company has a strategy to recruit new talent with a budget of HKD 2.2 million, which remains unspent[41] Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules since its listing date on October 16, 2018[64] - The board of directors consists of 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a diverse and experienced leadership team[67] - The company has complied with the corporate governance code applicable from the listing date until March 31, 2019[65] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the company due to the founder's extensive experience[77] - The company has appointed at least three independent non-executive directors as required by GEM listing rules, ensuring compliance with independence guidelines[78] - The board has established a diversity policy to enhance the composition of its members based on various factors including gender, age, and professional experience[73] - The company has maintained a high attendance rate at board meetings, with all directors present at 100% of the meetings held[75] Environmental and Social Responsibility - The group reported a total greenhouse gas emission of 34,161 kg CO2e for the year ended March 31, 2019, with a density of 1,485 kg CO2e per person[113] - The group has implemented energy efficiency measures, including the installation of high-performance electrical equipment and encouraging employees to turn off unnecessary devices[114] - The group focuses on sustainable development and adheres to the environmental, social, and governance reporting guidelines as per GEM listing rules[105] - The company is committed to maintaining a zero-discrimination work environment and complies with relevant labor laws[131] - The group actively encourages community engagement and employee volunteerism to contribute to local development[137] Customer Concentration - The largest customer accounted for approximately 47.6% of the total revenue for the year ended March 31, 2019, compared to 48.4% in 2018[151] - The top five customers contributed about 80.6% of the total revenue for the year ended March 31, 2019, down from 81.9% in 2018[151] Compliance and Legal Matters - The company has made appropriate insurance arrangements to cover any legal actions against directors, reviewed annually[173] - The company has no significant violations of applicable laws and regulations that would materially affect its business and operations for the year ending March 31, 2019[176] - The company has not recorded any work-related injuries or lost days due to accidents[126] - The company has not issued any bonds for the year ended March 31, 2019[154] Future Plans and Allocations - The allocation of net proceeds includes HKD 12.8 million for increasing inventory and enhancing the functionality of smart point-of-sale terminals, with only HKD 0.7 million utilized[41] - HKD 8.1 million is designated for further development of the acquiring host system, with HKD 5.5 million already spent, leaving HKD 2.6 million remaining[41] - The company plans to expand its marketing activities with an allocation of HKD 1.2 million, which has not yet been utilized[41] - Expansion into Cambodia is supported by an allocation of HKD 6.6 million, which has not yet been utilized[41]

Financial Performance - The company recorded a revenue growth of approximately 5.4% to HKD 111.8 million for the year ending March 31, 2019, compared to HKD 106.1 million in 2018[13] - The loss attributable to equity holders was approximately HKD 8.1 million, an increase from HKD 1.1 million in 2018, primarily due to increased listing expenses of about HKD 14.6 million[13] - For the fiscal year ending March 31, 2019, the group's total revenue from merchant acquiring business was approximately HKD 111.8 million, an increase of about 5.3% from HKD 106.1 million in 2018[21] - Merchant acquiring transaction fee income was approximately HKD 86.3 million, up about 5.9% from HKD 81.5 million in 2018[21] - The cost of services provided totaled approximately HKD 79.2 million, reflecting an increase of about 4.6% compared to HKD 75.7 million in 2018[23] - Gross profit for the fiscal year was approximately HKD 32.6 million, representing an increase of about 7.2% from HKD 30.4 million in 2018[24] - General administrative expenses rose to approximately HKD 11.8 million, a significant increase of about 42.2% from HKD 8.3 million in 2018[25] - The group recorded a net loss attributable to owners of approximately HKD 8.1 million, compared to a net loss of HKD 1.1 million in 2018, primarily due to non-recurring listing expenses[28] Revenue Sources - The company’s revenue sources include merchant acquiring transaction fee income, foreign exchange discount income, and marketing and distribution service income[19] - The company’s foreign exchange discount income is derived from daily settlements with UnionPay International, benefiting from favorable exchange rates[19] - The company’s marketing and distribution service income is generated through its merchant network to expand the use of payment service systems[19] Business Strategy and Development - The company aims to maintain cost awareness through strict cost control measures to enhance business performance[14] - The company will actively seek business opportunities that promote and sustain future development for better returns to shareholders[14] - The company is committed to closely monitoring market conditions and adjusting its business strategies in response to fluctuations in transaction values from its merchant network[19] Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules since its listing on October 16, 2018[64] - The company has complied with applicable corporate governance codes from the listing date until March 31, 2019[65] - The board of directors consists of experienced members, including one non-executive director and three independent non-executive directors, ensuring effective management and business development[77] - The company has appointed at least three independent non-executive directors as required by GEM listing rules, with at least one possessing professional qualifications in accounting or related financial management[78] - The company has implemented a board diversity policy, considering various factors such as gender, age, and professional experience to achieve diversity[73] - The board is responsible for overseeing the company's business strategies and performance, ensuring effective internal controls and risk management[68] - The company has not held any shareholder meetings during the reporting year, with all directors attending board meetings[75] Financial Oversight - The financial director has over 17 years of experience in auditing, accounting, and financial management, enhancing the company's financial oversight[58] - The company has a structured approach to appointing directors, ensuring compliance with its articles of association regarding rotation and re-election[72] - The audit committee held two meetings during the fiscal year ending March 31, 2019, with all members attending both meetings[82] - The remuneration committee conducted one meeting during the fiscal year, reviewing the company's remuneration policies and providing recommendations on executive compensation[84] - The nomination committee held one meeting during the fiscal year, assessing the board's structure, size, and diversity[87] Environmental and Social Responsibility - The group reported a total greenhouse gas emission of 34,161 kg CO2e for the year ended March 31, 2019, with a density of 1,485 kg CO2e per person[113] - Scope 2 emissions accounted for 25,967 kg CO2e, while Scope 3 emissions were 8,194 kg CO2e[113] - The group has implemented energy efficiency measures in multiple office locations to reduce greenhouse gas emissions, including installing high-performance electrical equipment and encouraging employees to turn off unnecessary devices[114] - The group generated no hazardous solid waste during the year ended March 31, 2019, only managing household solid waste[112] - Water consumption was minimal, and the group encourages employees to adopt water-saving behaviors[117] - The group is committed to sustainable development and has published an environmental, social, and governance report in accordance with GEM listing rules[105] - The group has established a health and safety management system to ensure a safe working environment[126] - There were no recorded work-related injuries or lost days due to accidents during the fiscal year ending March 31, 2019[126] - The group emphasizes employee training and development, conducting annual performance evaluations[129] - The group adheres to local labor laws and maintains a zero-discrimination policy in the workplace[131] - The group actively engages in community investment and encourages employees to volunteer their time and skills[137] Shareholder Information - The largest customer accounted for approximately 47.6% of the total revenue for the year ended March 31, 2019, compared to 48.4% in 2018[151] - The top five customers contributed about 80.6% of total revenue for the year ended March 31, 2019, down from 81.9% in 2018[151] - The company had distributable reserves of approximately HKD 38.4 million as of March 31, 2019, compared to none in 2018[156] - The net proceeds from the issuance of new shares, after deducting underwriting fees and other expenses, amounted to approximately HKD 51.1 million[164] - The board does not recommend the payment of a final dividend for the year ended March 31, 2019[148] - The company has not issued any bonds for the year ended March 31, 2019[154] - There were no purchases, sales, or redemptions of the company's listed securities during the year ended March 31, 2019[159] - The company has a stock option plan that allows for the issuance of up to 100,000,000 shares, representing 10% of the existing issued share capital as of the report date[161] - The company has not made any charitable donations of HKD 10,000 or more during the year ended March 31, 2019[163] Compliance and Legal Matters - The company has received independence confirmation from all independent non-executive directors as per GEM Listing Rules[170] - As of March 31, 2019, the company had a total of 1,000,000,000 shares issued, with Mr. Yu holding 157,500,000 shares, representing 15.75% of the total issued shares[179] - Meiya Group Limited holds 525,000,000 shares, accounting for 52.50% of the total issued shares[184] - The company has no significant violations of applicable laws and regulations that would materially affect its business and operations for the year ending March 31, 2019[176] - The company has made appropriate insurance arrangements to cover any legal actions against directors, reviewed annually[173] - There were no management or administrative contracts established regarding the overall or any significant part of the group's business during the year[188] - The company is committed to environmental protection and compliance with relevant laws and regulations[175] - No significant related party transactions were reported that constitute connected transactions under the listing rules[178] - The company has achieved compliance with the corporate governance code as per GEM listing rules, except for minor deviations[174] - As of March 31, 2019, there were no other directors or key executives holding shares or related securities in the company or its affiliates[180] - The company encourages environmental awareness among employees and adheres to environmental protection laws and regulations[175] - The company has maintained sufficient public float since its listing date according to GEM listing rules[191] - The independent non-executive directors have confirmed compliance with the non-competition agreement established on September 18, 2018[190] - The consolidated financial statements for the year ended March 31, 2019, have been audited by Zhongzhengzhonghuan (Hong Kong) CPA Limited[195] - No significant events requiring disclosure have occurred from March 31, 2019, to the date of the report[196] - The company has appointed Prosperous Finance Limited as its compliance advisor to provide guidance on applicable laws and GEM listing rules[192]

Financial Performance - For the nine months ended December 31, 2018, the group reported total revenue of HKD 81,713,000, an increase of 18% compared to HKD 69,892,000 for the same period in 2017[5] - The gross profit for the nine months ended December 31, 2018, was HKD 23,343,000, representing a 14% increase from HKD 20,419,000 in the same period of 2017[5] - The net loss attributable to equity holders for the nine months ended December 31, 2018, was HKD 10,174,000, compared to a profit of HKD 1,204,000 in the same period of 2017[5] - The basic loss per share for the nine months ended December 31, 2018, was HKD (1.24), compared to earnings of HKD 0.16 per share in the same period of 2017[5] - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 11,082,000, compared to a total comprehensive income of HKD 2,410,000 in the same period of 2017[7] - For the nine months ended December 31, 2018, the company reported merchant acquiring transaction fee income of HKD 63,454,000, a significant increase of 194% compared to HKD 21,599,000 for the same period in 2017[32] - Foreign exchange discount income for the same period was HKD 18,021,000, up 189% from HKD 6,257,000 in the previous year[32] - The group recorded a net loss attributable to owners of approximately HKD 10.2 million for the nine months ended December 31, 2018, compared to a profit of HKD 1.2 million in 2017[63] Expenses and Liabilities - The group incurred administrative expenses of HKD 8,480,000 for the nine months ended December 31, 2018, compared to HKD 8,541,000 in the same period of 2017[5] - Employee costs for the nine months ended December 31, 2018, amounted to HKD 2,980,000, an increase of 19.4% from HKD 2,496,000 in the same period of 2017[41] - The company incurred a total income tax expense of HKD 1,861,000 for the nine months ended December 31, 2018, compared to HKD 1,638,000 for the same period in 2017, representing an increase of 13.6%[37] - The group's total liabilities increased to HKD 25,214,000 as of December 31, 2018, compared to HKD 19,068,000 as of December 31, 2017[12] - General administrative expenses rose by approximately 45.65% to HKD 8.5 million, primarily due to increased employee costs and office expenses[60] - Sales and distribution costs increased by approximately 32.95% to HKD 8.5 million, driven by higher advertising and promotional expenses[61] Corporate Actions and Governance - The company listed its shares on the GEM of the Hong Kong Stock Exchange on October 16, 2018[19] - The company underwent a group restructuring prior to its listing to rationalize its corporate structure, effective September 18, 2018[18] - The company has adopted the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of Chairman and CEO[78][80] - The company has appointed Prosperous Finance Limited as its compliance advisor to ensure adherence to applicable laws and GEM Listing Rules[85] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2018, and found them to comply with applicable accounting standards[88] - The audit committee is chaired by Mr. Zhong Weiquan, ensuring oversight of the company's financial reporting and internal control procedures[88] Shareholder Information - As of December 31, 2018, the company had a total of 1,000,000,000 shares issued[75] - Mr. Yu holds 157,500,000 shares, representing 15.75% of the company's issued share capital[70] - Major shareholder Meiya owns 525,000,000 shares, accounting for 52.50% of the issued shares[73] - The company did not purchase, redeem, or sell any of its listed securities during the review period[77] - The company has established a non-competition agreement with its major shareholders to protect its interests[82] - The company has no knowledge of any other individuals holding interests in its shares that require disclosure under the Securities and Futures Ordinance[76] Accounting Standards and Financial Reporting - The financial statements for the nine months ended December 31, 2018, were prepared in accordance with the Hong Kong Financial Reporting Standards[19] - The implementation of HKFRS 9 is not expected to have a significant impact on the company's financial performance due to the high credit ratings of its major debtors[24] - The company has adopted HKFRS 15, which is not anticipated to materially affect revenue recognition policies[26] - The company has not made any provisions for Hong Kong profits tax for the period due to the offset of prior year tax losses[38] - The company has not granted any stock options since the adoption of the stock option plan on September 18, 2018, and there were no outstanding stock options as of December 31, 2018[87] Other Financial Metrics - The company reported depreciation of property, plant, and equipment amounting to HKD 2,900,000 for the nine months ended December 31, 2018, compared to HKD 1,969,000 in the same period of 2017, reflecting a 47.2% increase[41] - The cost of services provided increased by approximately 17.98% to HKD 58.4 million, consistent with revenue growth[57] - The capital reserve as of December 31, 2018, was approximately HKD 25,214,000, significantly up from HKD 4,736,000 in 2017, indicating a substantial increase in contributions from China Payment[48] - A special dividend of HKD 5,000,000 was declared on September 18, 2018, prior to the completion of the restructuring[44] - The company did not declare or pay any other dividends for the nine months ended December 31, 2018, and 2017[44] Market Strategy - The company plans to continue exploring market expansion opportunities and new product development to enhance its competitive position in the industry[17] - The company continues to focus on expanding its merchant acquiring business in Thailand[18] - The group maintained a prudent treasury policy and monitored its liquidity position closely throughout the reporting period[65] - As of December 31, 2018, the group had outstanding foreign exchange forward contracts amounting to USD 2.0 million (approximately HKD 15.7 million) to manage foreign exchange risk[66]