Loan Issuance and Interest Rates - For the fiscal year ended December 31, 2021, the group issued loans ranging from HKD 10 million to HKD 42 million, with interest rates between 4% and 48%[7]. - The highest interest rate for a single loan was 48%, while most unsecured loans had rates between 7% and 15%, indicating competitive market rates[7]. Loan Concentration and Client Focus - As of December 31, 2021, outstanding loans were concentrated among seven clients, with the largest single loan and the top five loans accounting for approximately 21% and 83% of total receivables, respectively[8]. - The company focuses on high-quality clients, primarily providing large loans of HKD 5 million or more, and evaluates each borrower on a case-by-case basis rather than relying solely on credit scores[11][15]. Credit Risk Management - The internal monitoring policies are in place to continuously assess credit risk and ensure compliance with lending regulations[11]. - The company has established a loan monitoring mechanism to track loan recoverability and address potential issues proactively[16]. - The company’s loan approval process includes a thorough assessment of the applicant's financial status, collateral availability, and past payment records[12][13]. - The company will regularly review the loan amounts and terms based on changes in its circumstances and the current economic environment[4]. Collection Methods - The company employs various collection methods for overdue loans, including reminders and potential legal action if necessary[16]. Corporate Governance - The board of directors includes Kitchell Osman Bin as the chairman and several executive and independent non-executive directors[18]. Market Expansion - The company is focused on expanding its market presence and enhancing its product offerings[19].
意马国际(00585) - 2022 Q3 - 季度财报