Annual Report 2024 1 威華達控股有限公司 年度報告2024 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層論述及分析 | 3 | | 董事及公司秘書履歷 | 14 | | 董事會報告 | 17 | | 企業管治報告 | 30 | | 環境、社會及管治報告 | 45 | | 獨立核數師報告書 | 79 | | 綜合損益及其他全面收益表 | 85 | | 綜合財務狀況表 | 87 | | 綜合權益變動表 | 89 | | 綜合現金流量表 | 91 | | 綜合財務報表附註 | 93 | | 財務概要 | 176 | 2 威華達控股有限公司 年度報告2024 公司資料 董事會 執行董事 沈慶祥先生 （主席） 黄蘊文女士 王溢輝先生 獨立非執行董事 陳克勤先生， S.B.S.，J.P. 洪祖星先生， B.B.S. 藍章華先生 余仲良先生 授權代表 黄蘊文女士 王溢輝先生 審核委員會 陳克勤先生， S.B.S.，J.P. 洪祖星先生， B.B.S . 藍章華先生 余仲良先生 （主席） 提名委員會 陳克勤先生， S.B.S.，J.P. 洪祖星先生， B.B.S ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 威華達控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：622） 截至2024年12月31日止年度全年業績 Oshidori International Holdings Limited（威華達控股有限公司*）（「本公司」）董事會 （「董事會」）公佈本公司及其附屬公司（統稱「本集團」）截至2024年12月31日止年度 （「本年度」）之經審核綜合全年業績如下： * 僅供識別 綜合損益及其他全面收益表 截至2024年12月31日止年度 | | | 2024年 | 2023年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收益 | | | | | 顧問、佣金收入及其他費用收入 | | | | | 出售按公平值列賬及列入損益表 | | 1,091 | 3,377 | | （「按公平值列賬及列入損益表」）之 | | | | | 金融資產的（虧損） ...

Financial Performance - The company reported a net loss of HKD 111.7 million for the six months ended June 30, 2024, compared to a net profit of HKD 11.8 million for the same period in 2023, primarily due to unrealized fair value losses of HKD 42.1 million and losses from associates of HKD 41.9 million [3]. - Total revenue for the group during the reporting period was HKD 22,200,000, a decrease of 44.5% compared to HKD 40,000,000 in the previous period [28]. - The group recorded a net loss of HKD 111,700,000, compared to a net profit of HKD 11,800,000 in the previous period, primarily due to unrealized fair value losses of HKD 42,100,000 [28]. - The financial services segment generated revenue of HKD 4,700,000, down from HKD 20,800,000 in the previous period [28]. - The strategic investment segment reported a net loss of HKD 45,300,000, compared to a loss of HKD 20,500,000 in the previous period [28]. - The credit services segment recorded a net loss of HKD 6,700,000, down from a profit of HKD 25,600,000 in the previous period [28]. - Total comprehensive expenses for the period amounted to HKD 557,425,000, an increase from HKD 324,294,000 in the previous year [52]. - The company reported a significant increase in other income to HKD 5,391,000 from HKD 17,907,000, a decrease of 69.9% [51]. - The company reported a pre-tax loss of HKD 111,424 million for the six months ended June 30, 2024, compared to a pre-tax profit of HKD 14,168 million for the same period in 2023 [64][65]. Revenue and Income Sources - Brokerage commission income from securities brokerage services decreased by 66.7% to HKD 200,000, down from HKD 600,000 in the previous period [5]. - Interest income from margin financing services fell by 77.5% to HKD 4.5 million, compared to HKD 20 million in the previous period [5]. - Interest income amounted to HKD 19,301 million, a decrease from HKD 35,199 million in the previous year, reflecting a decline of about 45.1% [64]. - Interest income from bank deposits for the six months ended June 30, 2024, was HKD 4,338,000, up from HKD 2,778,000 in the same period of 2023 [72]. - The company received dividends of HKD 2,806,000 during the reporting period, down from HKD 6,129,000 in the previous year [60]. Credit and Loan Management - The company focuses on providing large loans to high-quality borrowers, including listed companies and individuals with valuable assets, ensuring a low credit risk profile [7]. - The credit committee, composed of two directors with over 20 years of experience in finance and credit, is responsible for assessing credit risk and approving loan applications [7]. - The company has implemented internal controls for credit risk assessment, requiring potential clients to disclose various financial and legal information [8]. - Loan terms are tailored based on the client's financial needs and credit risk assessment, with interest rates determined by market rates and credit risk evaluations [9]. - The company actively monitors loan repayment status daily, with the credit committee communicating with borrowers to ensure timely repayments [11]. - The company has established a credit risk classification system to assess the impairment of receivables based on current and future economic conditions [16]. - Legal actions may be initiated against borrowers who fail to respond positively regarding overdue loans, with considerations for the value of pledged assets [12]. - The impairment provision for outstanding receivables and interest increased to HKD 20,200,000 as of June 30, 2024, up from HKD 11,100,000 on December 31, 2023, reflecting a rise of HKD 9,100,000 [18]. - The company recognized a net impairment loss of approximately HKD 9,093,000 on receivables during the reporting period [92]. Asset and Liability Management - As of June 30, 2024, the group's unaudited total assets were HKD 3,356,500,000, down from HKD 3,888,400,000 as of December 31, 2023 [29]. - The group's unaudited net assets as of June 30, 2024, were HKD 3,173,600,000, compared to HKD 3,731,000,000 as of December 31, 2023 [29]. - The company's total liabilities increased, leading to a cumulative loss of HKD (394,702,000) as of June 30, 2024 [54]. - The total liabilities as of June 30, 2024, were HKD 182,895,000, compared to HKD 157,345,000 as of December 31, 2023, indicating an increase in liabilities [70]. - The company's cash and cash equivalents decreased by HKD 79,582,000 during the reporting period, resulting in a balance of HKD 268,429,000 at the end of June 2024 [60]. - The company's cash and cash equivalents as of June 30, 2024, were HKD 70,380,000, down from HKD 280,614,000 as of December 31, 2023 [70]. Share Capital and Equity - The group issued 75,000,000 new ordinary shares under the share incentive plan adopted in December 2019 [29]. - The total number of shares issued by the company is 6,184,259,139 shares [39]. - The total issued and paid-up share capital as of June 30, 2024, was HKD 309,213,000, an increase from HKD 305,463,000 as of December 31, 2023, representing a growth of approximately 0.57% [97]. - The company did not recommend any interim dividend for the reporting period [34]. - The board of directors did not recommend any interim dividend for the reporting period [34]. - The company has not granted any new options under the 2012 Share Option Scheme during the six months ended June 30, 2024 [42]. - The 2012 Share Option Scheme was adopted to recognize contributions and attract qualified personnel, but it expired on May 17, 2022, with no further options to be granted [41]. - The company has not reported any options granted, exercised, canceled, or lapsed under the 2012 Share Option Scheme during the six months ended June 30, 2024 [42]. - The 2022 Share Option Scheme allows for a maximum of 610,925,913 shares to be granted, representing approximately 10% of the total issued shares as of June 30, 2024 [43]. - No share options were granted, exercised, cancelled, or lapsed under the 2022 Share Option Scheme during the six months ending June 30, 2024 [43]. Management and Governance - The management will continue to adopt a cautious approach in response to the challenging global business environment [33]. - The company expresses gratitude to all employees for their efforts and contributions during the reporting period [38]. - The company has confirmed that all directors complied with the trading standards during the reporting period [38]. - There have been no changes in director information since the company's annual report date up to the date of this interim report [48]. Investment and Market Outlook - The company aims to build a resilient and robust investment portfolio to create value for shareholders despite an uncertain overall economic outlook [27]. - Future Capital and Hope Capital are expected to benefit from favorable government policies aimed at stimulating the real estate market and attracting family offices to Hong Kong [26][27]. - The company continues to engage in strategic investments and financial services, including securities brokerage and asset management, despite the challenging market conditions [63]. - The report indicates that the company is adopting new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial performance for the current period [63]. - Future outlook and specific strategies for market expansion or new product development were not detailed in the provided documents [66]. Fair Value Measurements - The fair value measurement of assets and liabilities is classified into three levels, with Level 1 being the highest, based on observable market data [104]. - The fair value of listed equity securities as of June 30, 2024, was HKD 976,343,000, down from HKD 1,251,030,000 as of December 31, 2023 [81]. - The fair value of non-listed equity securities is HKD 550,541,000, down from HKD 645,727,000 as of December 31, 2023 [105]. - The fair value of investment properties remains unchanged at HKD 86,530,000 as of June 30, 2024 [105]. - The fair value of listed equity securities designated at fair value through other comprehensive income in Hong Kong is HKD 941,273,000 and in the US is HKD 35,070,000, compared to HKD 1,220,886,000 and HKD 30,144,000 respectively as of December 31, 2023 [105].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 威華達控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：622） 截至2024年6月30日止六個月的 中期業績 威華達控股有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司（統 稱「本集團」）截至2024年6月30日止六個月（「報告期間」）的未經審核簡明綜合中期 業績如下： 簡明綜合損益及其他全面收益表 截至2024年6月30日止六個月 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|---------------------------------|-----------------------------| | | 附註 | 2024 年 千港元 （未經審核 ...

威華達控股有限公司* 1 威華達控股有限公司 年度報告2023 （百慕達法律） Conyers Dill & Pearman 業務回顧 (i) 業務模式 4 威華達控股有限公司 年度報告2023 本集團於進行信貸業務時已採取以下內部監控措施： d) 法律搜尋的結果，例如對潛在客戶的訴訟（或不存在）；及 每名潛在客戶的要求均獨一無二。貸款條款乃根據潛在客戶的財務需求（例如貸款類型、資金 需求及貸款期限）、潛在客戶的信貸風險評估及其還款能力而釐定。貸款利率乃根據信貸風險 評估的結果並參考市場利率而釐定。 a) 收集潛在客戶的資料； • 能力乃衡量收入及償還貸款或信貸額度的能力； f) 準備所有相關貸款文件並向潛在客戶解釋貸款條款及相關貸款文件； 當有貸款逾期時，本集團將聯絡借款人及擔保人（如有），提醒他們可能採取的執法行動及還 款時間，並尋找延遲還款的原因。本集團亦會向借款人發出催款函。倘本集團未收到借款人的 任何正面答覆，本集團將指示法律顧問採取法律行動收回未償還貸款本金及應計利息。 2023 年度報告 | --- | --- | |--------------------------|-------| | | ...

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 60,224,000, a decrease of 44.8% compared to HKD 109,193,000 in 2022[13]. - The company reported a net loss of HKD 84,486,000 for the year, compared to a loss of HKD 81,088,000 in 2022, reflecting a 4.9% increase in losses[13]. - The company’s total interest income for 2023 was 10,291,000 HKD, down from 13,902,000 HKD in 2022, indicating a decline of approximately 26.5%[35]. - The company recorded a net loss of HKD 84,500,000 for the year, compared to a net loss of HKD 81,100,000 in the previous year, with basic and diluted loss per share at HKD 0.0138[142]. - The company recognized a loss from the fair value of financial assets amounting to approximately 5,152,000 HKD in 2023, compared to a loss of 266,894,000 HKD in 2022[33]. Assets and Liabilities - The total assets decreased to HKD 2,743,941,000 from HKD 3,921,321,000, representing a decline of 30%[21]. - The total liabilities decreased significantly to HKD 152,022,000 from HKD 474,508,000, a reduction of 68%[21]. - The net asset value decreased to 3,731,045,000 HKD in 2023 from 5,278,315,000 HKD in 2022, indicating a decline of about 29.3%[41]. - The group’s total liabilities decreased to HKD 1,481,217,000 in 2023 from HKD 402,241,000 in 2022, indicating a significant increase in liabilities[124]. - The group held secured bank loans of HKD 51,235,000 as of the reporting period, compared to HKD 53,199,000 in 2022[200]. Cash and Cash Equivalents - The company’s cash and cash equivalents stood at HKD 348,050,000, a slight decrease from HKD 368,819,000 in the previous year[21]. - The group’s cash and cash equivalents were reported at HKD 425,000 as of December 31, 2023, compared to HKD 5,472,000 in 2022, showing a decrease of approximately 92.2%[119]. Revenue Segments - Interest income from margin clients increased to 22,315,000 HKD in 2023, compared to 18,907,000 HKD in 2022, representing a growth of approximately 17.4%[48]. - The financial services segment generated revenue of 3,377,000 HKD in 2023, down from 3,992,000 HKD in 2022, a decrease of about 15.4%[34]. - The financial services segment reported a profit of HKD 7,500,000, down from HKD 8,800,000 in the previous year, while the tactical and strategic investment segment incurred a loss of HKD 50,800,000, an improvement from a loss of HKD 73,900,000[142]. Expenses - The company incurred total operating expenses of HKD 46,617 million in 2023, down from HKD 59,935 million in 2022, showing a reduction in costs[57]. - Employee benefit expenses, including directors' remuneration, decreased to HKD 16,900 million in 2023 from HKD 24,534 million in 2022, reflecting cost-cutting measures[71]. - The company’s legal and professional fees for marketing expenses totaled HKD 4,192 million in 2023, compared to HKD 8,306 million in 2022, indicating a strategic reduction in marketing costs[57]. Equity and Shareholder Information - The total equity decreased from 5,278,315,000 HKD in 2022 to 3,731,045,000 HKD in 2023, a reduction of about 29.3%[41]. - The basic and diluted loss per share for 2023 was HKD (1.38), slightly worse than HKD (1.33) in 2022[73]. - The company did not recommend any dividend payment for the year ended December 31, 2023, consistent with the previous year[72]. Investment and Fair Value - The company recognized a fair value loss of approximately HKD 140,000,000 on its investment in Future Capital Group Limited during the year, consistent with the previous year's loss of HKD 31,000,000[98]. - The company reported a significant unrealized loss on financial assets of HKD (46,427) million in 2023, compared to HKD (92,557) million in 2022, suggesting a reduction in market volatility impact[70]. - The company held a 7.88% stake in Co-Lead Holdings Limited as of December 31, 2023, up from 2.18% in 2022, with a fair value loss of approximately HKD 9,877,000 recognized during the year[92]. Future Outlook and Management - The company plans to continue prudent capital management and liquidity risk management policies to navigate future challenges[140]. - The company plans to maintain a conservative and balanced risk management approach while regularly reviewing and adjusting business strategies[184].

C. 戰術及╱或戰略投資 本集團從事多元化投資組合之戰術及╱或戰略投資，由持有證券及期貨條例下第1類（證券交易）、第 2類（期貨合約交易）、第4類（就證券提供意見）及第9類（資產管理）牌照之專業投資團隊監督。報告 期間來自此分部之負收入為13,000,000港元（上一期間：21,900,000港元）。 本集團之願景是透過建構一個成功的投資組合，即有彈性、穩健而對本公司股東具有價值的組合而 落實我們的企業戰略。 重大投資 賬面值佔本集團資產總值5%或以上之投資於本中期報告中被視為重大投資，統稱為該等重大投資。截至 2023年6月30日，有關該等重大投資之明細載列如下： b) 於報告期間內，已就新的應收貸款及利息207,300,000港元（於2023年6月30日）（分類為 履約）計提虧損撥備4,100,000港元。 期內其他全面虧損總額 - (833) 贸擁有人端行之交易： 1. 公司資料 投資於金融工具 從長遠角度而言，盛京銀行之前景良好，而本公司認為其於盛京銀行之投資具策略性投資價值。 從長遠角度而言，眾安在綫之前景良好，而本公司認為其於眾安在綫之投資具策略性投資價值。 3. Future Capital G ...

威華達控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：622） 截至2023年6月30日止六個月的 中期業績 簡明綜合損益及其他全面收益表 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|------------------------------------------------|------------------------------------------| | | 附註 | 截至 6 月 30 \n2023 年 千港元 （未經審核） | 日止六個月 \n2022 年 千港元 （未經審核） | | 收益 | | | | | 顧問、佣金收入及其他費用收入 出售按公平值列賬及列入損益表 （「 按公平值列賬及列入損益表 」）之 | | 631 | 346 | | 金融資產的（虧損）收益淨額 | | (2,001) | 38,697 | | 利息收入 | | 35,199 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 獨立非執行董事： 陳克勤先生，S.B.S，J.P. 洪祖星先生，B.B.S 藍章華先生 余仲良先生 承董事會命 威華達控股有限公司 執行董事 黃藴文 執行董事： 沈慶祥先生（主席） 黄 文女士 王溢輝先生 威華達控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：622） 澄清公告 謹此提述威華達控股有限公司（「本公司」）日期為2023年1月20日有關截至2021年12 月31日止年度之年報之補充公告（「該公告」）。除文義另有所指外，本公告所採用 之詞彙與該公告所界定者具有相同涵義。 本公司謹此澄清，截至2021年12月31日止年度向信貸服務業務之客戶提供之現金 回佣之正確金額應為61,000,000港元，而非該公告第6頁「利息收入－(a)信貸服務」 一段所述之54,000,000港元，造成差異之原因是由於無意遺漏。 除上文所披露者外，該公告之所有其他資料維持不變。 香港，2023年7月10日 ...

非執行董事： 沈慶祥先生 獨立非執行董事： 陳克勤先生，S.B.S，J.P. 洪祖星先生，B.B.S 藍章華先生 盧永仁博士，J.P 余仲良先生 謹此提述威華達控股有限公司（「本公司」）於2023年4月27日刊載於香港聯合交易 所有限公司及本公司網站之截至2022年12月31日止年度之年報（「年報」）。除文義 另有所指外，本公告所採用之詞彙與年報所界定者具有相同涵義。 除年報第27頁及第28頁「董事會報告」一節之「股份獎勵計劃」分節所披露者外，本 公司謹此向本公司股東及公眾人士提供以下有關本公司股份獎勵計劃（「股份獎勵 計劃」）之額外資料。 根據股份獎勵計劃授出獎勵之歸屬期（如有）由董事會全權酌情釐定。股份獎勵計 劃本身並無指定任何歸屬期。選定承授人於接納獎勵時毋須支付任何款項。獎勵 股份將免費配發予選定承授人。 * 僅供識別 1 截至2022年12月31日止年度初及年末，根據股份獎勵計劃可授出之最高獎勵股份 數目分別為183,408,274股及183,277,774股，佔於該日期之本公司已發行股份總數 之3%。根據股份獎勵計劃並無設定服務提供者分項限額。於截至2022年12月31日 止年度期間，並無根據股份 ...