Loan Portfolio - As of December 31, 2021, the total outstanding loans for individual clients amounted to approximately HKD 445,611,400, with interest rates ranging from 5% to 7%[3] - The total outstanding loans for corporate clients reached approximately HKD 79,500,000, all at an interest rate of 7%[3] - The total principal amount of outstanding loans across all clients is approximately HKD 525,111,400[8] - The company has 17 individual clients and 4 corporate clients with outstanding loans, indicating a diversified client base[3] Risk Management - The company has established a credit committee to oversee lending policies and procedures, ensuring robust risk management[20] - The credit committee is responsible for reviewing significant loan transactions that account for 5% or more of the group's total assets[23] - The company conducts mid-term and annual reviews of borrowers' financial status to identify potential repayment issues[29] - Loan renewals are contingent upon the borrower's repayment history and current financial strength[30] - The company emphasizes that all existing clients are referred by executive directors, ensuring a network of reliable borrowers[25] - The company does not engage in cash disbursements for loans, minimizing fraud risks and avoiding involvement in money laundering activities[28] Loan Repayment Policies - The company allows customers to repay loans early with a written notice of at least one business day[31] - Accounting personnel monitor each loan for timely repayments, with reminders issued for delays exceeding two days[32] - The company reserves the right to demand repayment of loans and accrued interest with prior written notice[34] Financial Management - Financial expenses related to borrowing at interest rates between 9% to 12% amounted to approximately HKD 5,483,000 in 2021[35] - The company emphasizes a balanced approach in budget management across different business areas to ensure overall efficiency and cost-effectiveness[35] Corporate Governance - The board of directors remains unchanged as of the announcement date, with key members listed[37]
中达集团控股(00139) - 2022 Q3 - 季度财报