Offering and Proceeds - The company completed its offering on September 16, 2022, which included 100,100,000 Class A shares at a price of HKD 10.00 per share and 40,040,000 listed warrants[16]. - The total proceeds from the offering amounted to HKD 1,001.0 million, which has been held in a restricted bank account[16]. - The company received total proceeds of HKD 1,001.0 million from the issuance, held in a custodial account for specific acquisition transactions and shareholder redemption requests[25]. - The total amount raised from the sale was HKD 1,001.0 million, held in a restricted bank balance in a custodial account[178]. Financial Performance - The company recorded a total comprehensive loss of approximately HKD 139.1 million during the reporting period, primarily due to expenses related to the sponsor shareholders[17]. - The company did not engage in any business operations during the reporting period and generated no revenue, aside from interest income of HKD 2.6 million[20]. - Operating expenses for the company during the reporting period amounted to HKD 2.3 million, resulting in an operating loss of HKD 96.3 million[20]. - As of December 31, 2022, the company's liabilities amounted to HKD 116.2 million[22]. - As of December 31, 2022, the company had current liabilities of HKD 1,130.4 million, mainly consisting of Class A shares valued at HKD 1,001.0 million[26]. - As of December 31, 2022, the company's accrued expenses and other payables amounted to HKD 4.5 million, primarily including accrued listing expenses and other operating expenses[105]. - The company has no contingent liabilities as of December 31, 2022[108]. - There are no assets pledged as collateral as of December 31, 2022[109]. - There are no distributable reserves as of December 31, 2022, and details of reserve changes are included in the financial statements[187]. Acquisition Strategy - The company has not identified any specific acquisition targets or entered into any binding agreements for potential mergers or acquisitions during the reporting period[17]. - The company’s only activity since its incorporation has been related to the offering and seeking potential acquisition targets[17]. - The company aims to identify acquisition targets with strong and sustainable growth prospects in the coming months[57]. - The company may not complete the merger with a special purpose acquisition company due to limited resources and intense competition for such opportunities[67]. - The total expenses related to the merger with a special purpose acquisition company, including legal, accounting, and due diligence costs, are currently unestimable[69]. - The company plans to conduct comprehensive due diligence on potential acquisition targets and expects significant costs related to legal, financial reporting, accounting, and audit compliance[106]. - The company has not selected any specific acquisition targets and has not engaged in substantial discussions regarding mergers or acquisitions as of the report date[124]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors[112]. - The company has established a board of independent non-executive directors, with each receiving an annual director's fee of HKD 150,000[171]. - The company has obtained liability insurance to provide appropriate protection for its directors[186]. - The company has not entered into any arrangements allowing directors to benefit from purchasing shares or debt securities of the company or any other entity during the reporting period[192]. Employee and Operational Matters - The company does not plan to hire any full-time employees until the merger with a special purpose acquisition company is completed[84]. - The company has no full-time employees and did not incur any employee costs during the reporting period[107]. - The company has no full-time employees and therefore does not operate any pension plans for employees as of December 31, 2022[180]. - The management emphasizes the importance of maintaining good relationships with employees and stakeholders to achieve short-term and long-term goals[133]. Compliance and Regulations - The company has complied with applicable environmental protection laws and regulations in its operations[127]. - The company has not recorded any serious breaches or non-compliance with applicable laws and regulations during the reporting period[151]. - The company has not conducted any related party transactions that would require disclosure under the listing rules during the reporting period, except for loan financing[154]. Future Outlook - The company has not provided any specific performance guidance or future outlook in the report[126]. - The company plans to gradually utilize the remaining unutilized funds within 36 months after the completion of a merger with a special purpose acquisition company[142]. - The company will continue to focus on the business strategies outlined in the listing documents[110]. Miscellaneous - The company has not made any charitable donations during the reporting period[184]. - The board has not proposed any final dividends for the reporting period prior to the completion of the merger with the special purpose acquisition company[185]. - The company has not issued any new shares or repurchased any listed securities from the listing date to December 31, 2022[164]. - Primavera LLC holds 15,015,000 Class B shares, representing 60% of the relevant class and 12% of the total issued shares[196]. - ABCI AM Acquisition holds 10,010,000 Class B shares, representing 40% of the relevant class and 8% of the total issued shares[196].
INTERRA ACQ-Z(07801) - 2022 - 年度财报