Loan Clients and Types - The group has a total of 927 loan clients, consisting of 907 personal loans and 20 corporate loans[18]. - Among the secured loans, there are 14 secured by property and 7 secured by project collateral[18]. - The company has provided secured and unsecured loans to a total of 927 customers as of December 31, 2023[30]. Credit Risk Management - The credit risk management system includes a multi-level assessment and approval process for loan applications[3]. - The credit risk assessment policy includes ongoing monitoring of loan recoverability and collection strategies[25]. - The group has established a credit risk assessment system that involves extensive documentation review and due diligence procedures[26]. - The group has implemented appropriate collection actions based on client consultations, including legal proceedings and loan restructuring arrangements[29]. - As of December 31, 2023, the company recorded a loan impairment loss of approximately HKD 235 million, with about HKD 222 million classified as Stage 3 due to negative impacts from the pandemic and adverse market conditions[32]. Funding and Client Focus - The group primarily funds its lending business through internal resources[10]. - The group focuses on high-net-worth and reputable clients for personal loans, including executives, businessmen, and professionals[24]. Share Option Plan - The group has adopted a stock option plan allowing for the issuance of up to 67,414,998 shares, representing approximately 10% of the company's issued share capital[21]. - The total number of shares available for issuance under the share option plan is 67,380,000 shares, representing approximately 9.99% of the weighted average number of shares issued for the year ended December 31, 2023[33]. Interest Rate Management - The group regularly reviews market interest rates and regulatory updates to adjust loan rates accordingly[7].
合富辉煌(00733) - 2024 - 年度业绩