2023 年 報 * 僅供識別 China e-Wallet Payment Group Limited 中國錢包支付集團有限公司 ANNUAL REPORT 2024 年報 目錄 目錄 2 五年財務概要 3 董事報告 4 管理層討論及分析 10 企業管治報告 20 董事會報告 26 董事及高級管理層 27 獨立核數師報告 31 綜合損益表 32 綜合損益及其他全面收益表 33 綜合財務狀況表 35 綜合權益變動表 36 綜合現金流量表 37 綜合財務報表附註 92 公司資料 五年財務概要 | | | | 截至12月31日止年度 | | | | --- | --- | --- | --- | --- | --- | | | 2024年 | 2023年 | 2022年 | 2021年 | 2020年 | | | 千港元 | 千港元 | 千港元 | 千港元 | 千港元 | | 業績 | | | | | | | 收入 | 40,542 | 70,959 | 89,094 | 101,924 | 60,324 | | 年度虧損 | (344,705) | (31,212) | (68,703) | (32,701) ...

Revenue Performance - For the fiscal year ending December 31, 2024, the group's total revenue was approximately HKD 40.54 million, a decrease of 42.8% compared to HKD 70.96 million in 2023[5]. - Revenue from mobile application development and settlement services was HKD 8.99 million, down from HKD 49.38 million in the previous year, indicating a significant decline of 81.8%[5][6]. - Revenue from beauty, computer, and mobile-related electronic products and services increased to HKD 31.56 million, up 46.3% from HKD 21.58 million in 2023[5][7]. Product Focus - Approximately 86.8% of the electronic products sold were beauty-related, primarily supplied to seven leading medical beauty service providers in Hong Kong[7]. - The group plans to continue focusing on the design and distribution of beauty-related electronic products in 2025 due to strong business growth[7]. Management and Expertise - The management team has over 20 years of experience in IT software and application development, enhancing the group's capability in project-based services[6]. - The group is recognized for its expertise in designing and installing high-quality interactive projection mapping systems, enhancing its market presence[6]. Strategic Changes - The group has terminated its loss-making settlement application services to concentrate on software and application development and consulting services[6]. Governance and Compliance - The audit committee has reviewed the accounting principles and practices adopted by the group, ensuring compliance and risk management[8]. - The board of directors remains unchanged, with key members including Executive Director Lin Zhi Jia and independent non-executive directors[12].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 40,542,000, a decrease of 42.6% compared to HKD 70,959,000 in 2023[3]. - The cost of sales for the year was HKD 35,770,000, resulting in a gross profit of HKD 4,772,000, down from HKD 25,202,000 in the previous year[3]. - The company incurred a total comprehensive loss of HKD 305,758,000 for the year, significantly higher than the loss of HKD 31,170,000 in 2023[4]. - The operating loss for the year was HKD 342,965,000, compared to an operating loss of HKD 30,481,000 in the prior year, indicating a substantial decline in operational performance[3]. - The company reported a basic and diluted loss per share of HKD 57.10, compared to HKD 5.32 in 2023, indicating a significant increase in losses per share[3]. - The company recognized a loss of HKD 346,985,000 from the termination of consolidation of subsidiaries, which was not present in the previous year[3]. - The company reported a pre-tax loss of HKD 344,618,000 for 2024, compared to a loss of HKD 32,118,000 in 2023, reflecting a significant increase in losses[22]. - The company incurred a loss of approximately HKD 344.7 million for the year, significantly higher than the loss of HKD 31.2 million in 2023, primarily due to the loss from the termination of consolidation of certain subsidiaries[41]. - The loss attributable to the owners of the company increased from approximately HKD 32.1 million in 2023 to approximately HKD 344.6 million in 2024[42]. - The termination of consolidation of certain subsidiaries resulted in a loss of approximately HKD 347.0 million for the year ended December 31, 2024[39]. Revenue Breakdown - The company's revenue from mobile application development and related services decreased to HKD 8,987,000 in 2024 from HKD 49,380,000 in 2023, representing a decline of approximately 82.8%[13]. - Revenue from beauty, computer, and mobile-related electronic products and services increased to HKD 31,555,000 in 2024 from HKD 21,579,000 in 2023, showing a growth of about 46.3%[13]. - Total revenue for 2024 was HKD 40,542,000, down from HKD 70,959,000 in 2023, indicating a decrease of approximately 42.8%[14]. - Major customers contributed 42.1% of total revenue in 2024, with Customer A contributing HKD 17,055,000 and Customer B contributing HKD 11,878,000[15]. - The company reported total revenue of approximately HKD 40.5 million for the year ended December 31, 2024, a decrease of 42.8% compared to HKD 71.0 million in the same period of 2023[35]. Assets and Liabilities - The company's total assets decreased to HKD 61,132,000 from HKD 381,547,000 in 2023, reflecting a reduction of approximately 83.9%[5]. - The total equity attributable to the owners of the company fell to HKD 27,657,000, down from HKD 331,992,000 in the previous year, representing a decline of about 91.7%[5]. - Cash and bank balances decreased to HKD 6,176,000 from HKD 12,813,000, indicating a decline of approximately 51.8%[5]. - Trade receivables at the end of 2024 amounted to HKD 6,170,000, down from HKD 46,119,000 in 2023, after accounting for expected credit loss provisions[24]. - Trade payables decreased to HKD 10,584,000 in 2024 from HKD 13,062,000 in 2023, indicating a reduction of approximately 18.6%[25]. - The group’s debt ratio as of December 31, 2024, was approximately 161.8%, significantly up from 14.6% in 2023, with total liabilities of HKD 37.7 million and total equity of HKD 23.3 million[47]. Cash Flow and Investments - The company has not made any significant changes to its cash flow sources during the review period, relying on operating income and interest income[44]. - As of December 31, 2024, the group had cash and cash equivalents of approximately HKD 6.1 million, down from HKD 12.8 million in 2023[45]. - The group reported a total of HKD 44.8 million in financial assets measured at fair value through profit or loss as of December 31, 2024, with significant investments including China Investment Group and Hui Long Holdings[53]. - The group will continue to maintain a diversified investment portfolio and closely monitor market trends to adjust its investment strategies accordingly[54]. - The group has not purchased, sold, or redeemed any of its listed securities during the year ended December 31, 2024[52]. Corporate Governance - The Audit Committee monitored risk management, internal controls, and the quality of financial reporting for the fiscal year ending December 31, 2024[58]. - The company has complied with the Corporate Governance Code throughout the fiscal year ending December 31, 2024[59]. - All directors confirmed compliance with the Standard Code for securities trading during the fiscal year ending December 31, 2024[60]. - Changes in the board included the appointment of new executive and independent non-executive directors following a special general meeting on January 31, 2024[61]. Future Outlook - The company has not provided specific guidance for future performance or strategic initiatives in the earnings announcement[3]. - The group aims to leverage existing technological knowledge to enhance revenue streams and is focused on sustainable development and potential growth opportunities[51]. - The group has no contingent liabilities as of December 31, 2024, and has not acted as a guarantor for any interest-bearing borrowings[48]. - The group has no capital commitments as of December 31, 2024, maintaining a position of zero capital commitments since 2023[46]. - The group has no foreign exchange risk hedging instruments in place but monitors foreign exchange risks and may consider hedging significant currency risks when necessary[49]. Employee and Operational Metrics - The total employee cost for the year ended December 31, 2024, was approximately HKD 2.1 million, slightly decreased from HKD 2.2 million in 2023, with 15 employees as of December 31, 2024, compared to 21 in 2023[50]. - Selling and administrative expenses accounted for 13.1% of the company's annual revenue, down from 53.5% in 2023, reflecting a decrease from approximately HKD 38.0 million to about HKD 5.3 million[40]. Subsidiary Performance - Milan Station reported a revenue of approximately HKD 111.9 million and a loss of HKD 26.4 million for the fiscal year ending December 31, 2024[57]. - Harbour Digital recorded a revenue of approximately HKD 1.2 million and a loss of HKD 16.8 million for the fiscal year ending December 31, 2024[57]. - Asia Groceries achieved a revenue of approximately HKD 148.3 million and a loss of HKD 0.1 million for the six months ending September 30, 2024[57]. - The company held approximately 21,500,000 shares (about 2.0%) in Milan Station as of December 31, 2024[57]. - The company held approximately 5,800,000 shares (about 1.6%) in Harbour Digital as of December 31, 2024[57]. - The company held approximately 13,000,000 shares (about 1.1%) in Asia Groceries as of December 31, 2024[57].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 12,180,000, a decrease of 71.8% compared to HKD 43,280,000 for the same period in 2023[3] - Gross profit for the same period was HKD 726,000, down 96.4% from HKD 20,022,000 in 2023[3] - The net loss for the six months ended June 30, 2024, was HKD 23,930,000, an improvement of 26.9% compared to a net loss of HKD 32,700,000 in 2023[4] - The company reported a basic and diluted loss per share of HKD 3.97 for the six months ended June 30, 2024, compared to HKD 5.40 in 2023[3] - The company's loss attributable to owners decreased from approximately HKD 32.6 million for the six months ended June 30, 2023, to approximately HKD 23.9 million for the same period in 2024[43] - The revenue from mobile application development and settlement services was HKD 525 thousand, down from HKD 11,655 thousand in the previous year[18] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 358,345,000, a decrease from HKD 381,547,000 as of December 31, 2023[6] - Total liabilities increased to HKD 49,409,000 as of June 30, 2024, compared to HKD 48,672,000 as of December 31, 2023[7] - The company's equity attributable to owners was HKD 308,025,000, down from HKD 331,992,000 at the end of 2023[6] - Cash and bank balances decreased to HKD 7,286,000 from HKD 12,813,000 as of December 31, 2023[6] - Trade receivables increased to HKD 49,594,000 from HKD 46,119,000 as of December 31, 2023[6] - Total liabilities as of June 30, 2024, were approximately HKD 49.4 million, with a debt ratio of about 15.9%, compared to 14.6% on December 31, 2023[44] Cash Flow - For the six months ended June 30, 2024, the net cash used in operating activities was HKD (4,353) thousand, compared to HKD (367) thousand for the same period in 2023[13] - The net cash used in investing activities was HKD 1 thousand, a significant improvement from HKD (3,896) thousand in the previous year[13] - The net cash used in financing activities was HKD (1,217) thousand, with no financing cash flow reported in the same period last year[13] - As of June 30, 2024, cash and cash equivalents decreased to HKD 7,286 thousand from HKD 12,813 thousand at the beginning of the period[13] Operational Challenges - The company faced significant economic challenges in the first half of 2024, impacting its operational environment and necessitating adjustments to its core business and delivery[37] - Sales and administrative expenses for the period were approximately HKD 2.7 million, a reduction of about HKD 36.18 million from HKD 38.8 million in the previous year[41] Investments and Financial Assets - The company reported a pre-tax loss of HKD 21,496 thousand due to unrealized losses on financial assets measured at fair value[23] - The group held financial assets at fair value through profit or loss amounting to approximately HKD 21.3 million as of June 30, 2024, with a total loss of HKD 21.5 million recorded[50] - The major investments included a loss of HKD 10.6 million from China Investment Group and a loss of HKD 3.1 million from Hui Long Holdings[50][51] - The group has no significant plans for major investments or capital assets as of June 30, 2024[55] Governance and Shareholder Information - The company has adopted corporate governance codes and has complied with them throughout the reporting period[57] - The board of directors includes two executive directors and three independent non-executive directors, ensuring a balanced governance structure[68] - The audit committee consists of three members, including independent non-executive director Huang Sile as chairman, and has reviewed the accounting principles and practices adopted by the group[65] - The company expresses gratitude to shareholders, business partners, and customers for their continued support and acknowledges the efforts of the management team and employees[70] Employment and Staffing - The group employed 19 staff as of June 30, 2024, a decrease from 21 staff as of December 31, 2023[53] Dividends and Share Activity - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[28] - No shares of the company were purchased, redeemed, or sold by the company or its subsidiaries during the six months ended June 30, 2024[58] - The company has 45,318,000 shares held by Song Qifeng, representing 7.5% of the issued share capital, and 31,000,000 shares held by Huang Hao, representing 5.1%[62] - As of June 30, 2024, there are 114,126,000 unexercised options under the stock option plan that have expired, with no options granted, exercised, or canceled during the six months ending June 30, 2024[64] Trading and Regulatory Issues - The company's shares were suspended from trading on April 2, 2024, due to the auditor's inability to express an opinion on the financial statements for the year ending December 31, 2023[66] - There have been no significant events after June 30, 2024, up to the date of this report[67] Contingent Liabilities - The group reported no contingent liabilities as of June 30, 2024, consistent with the previous period[46]

Financial Performance - For the six months ended June 30, 2024, the revenue of China e-Wallet Payment Group Limited was HKD 12,180,000, a decrease of 71.8% compared to HKD 43,280,000 for the same period in 2023[2] - The gross profit for the same period was HKD 726,000, down 96.4% from HKD 20,022,000 in 2023[2] - The net loss for the six months ended June 30, 2024, was HKD 23,930,000, an improvement of 26.9% compared to a net loss of HKD 32,700,000 in 2023[3] - The total comprehensive loss for the period was HKD 23,939,000, compared to HKD 33,043,000 in the same period of 2023[3] - The company reported a basic and diluted loss per share of HKD 3.97 for the six months ended June 30, 2024, compared to HKD 5.40 in 2023[2] - The company reported a pre-tax loss of HKD 23,958,000 for the six months ended June 30, 2024, compared to a loss of HKD 32,609,000 in the same period of 2023[26] - For the six months ended June 30, 2024, the company recorded revenue of approximately HKD 12.2 million, a decrease of about 71.86% compared to approximately HKD 43.3 million for the same period in 2023[38] - The gross profit for the same period was approximately HKD 0.7 million, down from approximately HKD 20.0 million in 2023, consistent with the decline in revenue[39] - The company's loss for the six months ended June 30, 2024, was approximately HKD 23.9 million, an improvement from a loss of approximately HKD 32.7 million in the same period of 2023[41] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 358,345,000, a decrease from HKD 381,547,000 as of December 31, 2023[5] - The company's cash and bank balances decreased to HKD 7,286,000 from HKD 12,813,000 as of December 31, 2023[5] - The total equity attributable to the owners of the company was HKD 308,025,000, down from HKD 331,992,000 at the end of 2023[5] - The total liabilities increased to HKD 49,409,000 from HKD 48,672,000 as of December 31, 2023[6] - The company's total equity as of June 30, 2024, was HKD 331,002,000, reflecting a decrease from HKD 364,045,000 at the beginning of the year[8] - The debt ratio as of June 30, 2024, was approximately 15.9%, compared to 14.6% as of December 31, 2023, with total debts and capital amounting to approximately HKD 49.4 million and HKD 308.9 million, respectively[43] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2024, was HKD (4,353,000), a significant increase from HKD (367,000) in the previous year[12] - The cash and cash equivalents decreased by HKD 5,569,000 during the six months ended June 30, 2024, compared to a decrease of HKD 4,263,000 in the same period of 2023[12] - The company reported cash and cash equivalents of HKD 7,286,000 as of June 30, 2024, up from HKD 2,393,000 a year earlier[12] - The company’s financing activities resulted in a net cash outflow of HKD (1,217,000) for the six months ended June 30, 2024, compared to no cash outflow in the same period of 2023[12] Revenue Sources - The revenue from mobile application development and related services was HKD 525,000, while the revenue recognized at a point in time was HKD 12,180,000 for the first half of 2024[17] - The company operates primarily in two regions: Hong Kong and China, with revenue from Hong Kong amounting to HKD 12,180,000 for the six months ended June 30, 2024[19] - The company had no single customer contributing 10% or more to total revenue for the periods ended June 30, 2024, and 2023[20] Employee and Governance - As of June 30, 2024, the group had 19 employees, a decrease from 21 employees as of December 31, 2023[52] - The board consists of two executive directors and three independent non-executive directors[67] - The company has adopted the corporate governance code as per the listing rules and has complied with it during the reporting period[56] Other Information - The company has adopted all new and revised International Financial Reporting Standards effective from January 1, 2024, with no significant impact on the financial statements reported[16] - The company has no capital commitments as of June 30, 2024[34] - No significant investments or capital asset plans were reported as of June 30, 2024[54] - There were no major acquisitions or disposals during the six months ending June 30, 2024[55] - No shares of the company were purchased, redeemed, or sold by the company or its subsidiaries during the six months ending June 30, 2024[57] - The company has a total of 114,126,000 unexercised options under the share option plan as of June 30, 2024[63] - The audit committee reviewed the accounting principles and practices adopted by the group and discussed financial reporting matters for the six months ending June 30, 2024[64] - Trading of the company's shares was suspended on April 2, 2024, due to the auditor's inability to express an opinion on the financial statements[65] - No significant events occurred after June 30, 2024, up to the date of this report[66] - The company expresses gratitude to shareholders, business partners, and customers for their ongoing support[69] - The management team and employees are acknowledged for their efforts towards the long-term development of the group[69]

Financial Performance - The total revenue for the year ended December 31, 2023, was approximately HKD 70.96 million, a decrease of 20.3% compared to HKD 89.09 million in 2022[16]. - The gross profit for 2023 was HKD 25.2 million, down from HKD 40.9 million in 2022, consistent with the revenue decline[17]. - The net loss for the year was approximately HKD 31.21 million, significantly reduced from HKD 68.70 million in 2022[19]. - The loss attributable to the owners of the company decreased from HKD 67.46 million in 2022 to HKD 32.12 million in 2023[20]. - Sales and administrative expenses accounted for 53.5% of total revenue in 2023, down from 89.9% in 2022, reflecting a reduction from approximately HKD 80.1 million to HKD 38.0 million[18]. - As of December 31, 2023, total assets were HKD 381.55 million, a decrease from HKD 399.73 million in 2022[5]. - The total liabilities increased to HKD 48.67 million in 2023 from HKD 35.69 million in 2022, resulting in a debt ratio of 14.6%[24]. - Cash and cash equivalents as of December 31, 2023, were approximately HKD 12.8 million, up from HKD 6.7 million in 2022[22]. - The company did not declare any dividends for the year ended December 31, 2023, maintaining a cautious approach[15]. - The company has adopted a dividend policy that allows for the payment of dividends in any currency, subject to the board's discretion and financial performance considerations[92]. - The company reported an audit fee of approximately HKD 680,000 for the fiscal year ending December 31, 2023, for services provided by the auditor, Long Green[81]. Business Strategy and Operations - The company continues to focus on diversifying its business into the settlement application market, which has been a key driver of revenue[16]. - The group aims to enhance its revenue streams by leveraging existing technological knowledge and programs for sustainable development[29]. - The group plans to explore business opportunities in interactive virtual reality games related to anime culture, leveraging its understanding of the market[30]. - The company primarily engages in providing internet and mobile applications, developing interactive virtual reality technology, and distributing related electronic products and accessories[105]. - The company focuses on providing mobile platform programming and promotion solutions to offices in Hong Kong and China, with extensive experience in developing mobile applications and interactive virtual reality technology for well-known companies[157]. - The business goal is to achieve sustainable growth in business and financial performance while actively expanding and strengthening market position[158]. - The company emphasizes sustainable development as crucial for creating long-term value for shareholders, customers, employees, and other stakeholders[112]. Governance and Compliance - The company faced a non-standard audit opinion due to the inability to confirm the accuracy and completeness of certain subsidiaries' financial records[39]. - The expected loss from the termination of consolidation of certain subsidiaries is approximately HKD 308 million, which will be recognized in the consolidated financial statements for the year ending December 31, 2024[44]. - The audit issues are anticipated to be resolved by the end of 2024, and the non-standard audit opinion will be removed from the consolidated financial statements for the year ending December 31, 2026[44]. - The company has been seeking legal advice to retrieve necessary documents and records from several subsidiaries to address the audit issues[43]. - The board of directors underwent significant changes, with new appointments and resignations occurring in late 2023[37]. - The board has authorized the management to handle daily operations, with major strategic decisions requiring board approval[57]. - The company ensures compliance with board meeting procedures and provides independent professional advice when necessary[56]. - The company has adopted a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, with no recorded incidents during the reporting period[84]. - The company’s governance policies are regularly reviewed and assessed for effectiveness[73]. - The company has established a clear nomination policy to ensure that appointed directors possess relevant business, financial, and management skills[69]. - The company has established a remuneration committee to review and approve the remuneration of directors based on operational performance and market trends[140]. Human Resources and Employee Welfare - The company experienced a significant reduction in employee count from 45 in 2022 to 21 as of December 31, 2023[28]. - The total number of employees as of December 31, 2023, is 21, a decrease from 45 in 2022[182]. - The overall employee turnover rate for 2023 is 72.73%[183]. - The turnover rate for employees aged 30 and below is notably high at 120.00%[183]. - The company has a commitment to providing a healthy and safe working environment for all employees[110]. - The company recorded zero work-related fatalities and zero lost workdays due to injuries in 2023, resulting in a work-related fatality rate of 0%[185]. - 100% of employees received training during the reporting period, with equal participation across gender and employee levels[190]. - A total of 442 hours of training were organized and sponsored, benefiting 21 employees across various levels[187]. - The average training hours completed per employee was 21.05 hours, with management-level employees averaging 88.40 hours[191]. - The company promotes resource efficiency and recycling in its operations[172]. - The company has maintained a supplier base of 42 vendors, including 8 from Hong Kong and 34 from China, ensuring compliance with environmental and social regulations[198]. Environmental, Social, and Governance (ESG) Matters - The company emphasizes transparency, fairness, legality, and social responsibility in its operations, focusing on minimizing environmental and social impacts[163]. - The board of directors regularly reviews important ESG aspects and engages with stakeholders to understand their views and concerns[160]. - The company has identified significant ESG issues, including employee welfare, product quality, and corporate governance, and manages them according to established policies[163]. - The environmental, social, and governance report is prepared in accordance with the Hong Kong Stock Exchange's listing rules and guidelines[165]. - The company has implemented internal controls and formal audit procedures to ensure the accuracy and reliability of the information presented in the report[168]. - The report covers the company's sustainable development performance, achievements, and challenges in Hong Kong and China for the reporting period[164]. - The company has no significant violations of environmental laws during the reporting period[170]. - The company has implemented measures to reduce waste, although no specific waste reduction targets have been set[172]. - The company has no significant air or greenhouse gas emissions due to the nature of its operations[170]. - The company has no water supply issues and promotes water conservation among employees[174]. - The company has not experienced any product recalls or complaints related to health and safety issues during the reporting period[200]. - The company emphasizes investment in new technology research and development to enhance product quality and safety[199]. Shareholder and Market Relations - The board has actively communicated with institutional investors and analysts as part of its investor relations program[93]. - The group reported that sales to the top five customers accounted for approximately 26.3% of total annual sales, with the largest customer contributing about 8.38%[117]. - The group maintains a strong relationship with suppliers, with purchases from the top five suppliers accounting for approximately 37.9% of total annual purchases, and the largest supplier contributing about 4.4%[117]. - The company has not engaged in any related party transactions that require disclosure during the year[139]. - The company has not made any charitable contributions during the review year, maintaining a record of zero contributions[145].

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 70,959,000, a decrease of 20.3% compared to HKD 89,094,000 in 2022[3] - The gross profit for 2023 was HKD 25,202,000, down 38.3% from HKD 40,858,000 in the previous year[3] - The operating loss for the year was HKD 30,481,000, significantly improved from a loss of HKD 67,316,000 in 2022, representing a reduction of 54.7%[3] - The net loss for the year was HKD 31,212,000, compared to a net loss of HKD 68,703,000 in 2022, indicating a 54.5% improvement[4] - The company reported a basic and diluted loss per share of HKD 5.32 for 2023, an improvement from HKD 11.18 in 2022[3] - The gross profit for 2023 was HKD 25.2 million, down from HKD 40.9 million in 2022, aligning with the revenue decline[40] - The net loss for the year was approximately HKD 31.2 million, a reduction from HKD 68.7 million in 2022, primarily due to lower expected credit losses and reduced selling and administrative expenses[42] - The loss attributable to the owners of the company decreased from approximately HKD 67.5 million in 2022 to about HKD 32.1 million in 2023[43] Assets and Liabilities - The total assets as of December 31, 2023, were HKD 381,547,000, a decrease from HKD 399,732,000 in 2022[6] - The total liabilities increased to HKD 48,672,000 in 2023 from HKD 35,687,000 in 2022, marking a rise of 36.3%[8] - Trade receivables at the end of 2023 amounted to HKD 78,446,000, with expected credit loss provisions of HKD 32,327,000[25] - Trade payables at the end of 2023 were HKD 13,062,000, compared to HKD 2,215,000 in 2022[26] - As of December 31, 2023, total assets were approximately HKD 320.7 million, with net assets of HKD 308.0 million[34] - The debt ratio as of December 31, 2023, was approximately 14.6%, up from 9.8% in 2022, with total liabilities of about HKD 48.7 million[47] Cash Flow and Financial Health - The cash and bank balances improved to HKD 12,813,000 in 2023, up from HKD 6,656,000 in 2022, reflecting a 92.5% increase[6] - Cash and cash equivalents as of December 31, 2023, were approximately HKD 12.8 million, an increase from HKD 6.7 million in 2022[45] - The expected credit loss provision decreased to HKD 13,515,000 in 2023 from HKD 23,068,000 in 2022, a reduction of 41.6%[3] Revenue Breakdown - Revenue from mobile application development and related services was HKD 49,380,000, down from HKD 89,094,000 in the previous year[19] - Revenue from computer and mobile-related electronic products and services was HKD 21,579,000, with no revenue reported in 2022[19] - Revenue from Hong Kong increased significantly to HKD 27,679,000 from HKD 4,306,000 in 2022, while revenue from China decreased to HKD 43,280,000 from HKD 84,788,000[20] Expenses and Cost Management - Selling and administrative expenses accounted for 53.5% of the annual revenue in 2023, a significant reduction from 89.9% in 2022, decreasing from approximately HKD 80.1 million to HKD 38.0 million[41] Dividend and Shareholder Information - The company did not recommend any dividend distribution for the year ended December 31, 2023[24] - The company decided not to recommend any dividend for the fiscal year ending December 31, 2023, consistent with the previous year[38] Audit and Governance - The independent auditor issued a disclaimer of opinion on the consolidated financial statements for the year ended December 31, 2023[29] - The group has adopted the corporate governance code and has complied with its provisions throughout the year ending December 31, 2023[59] - The group faced challenges in obtaining complete accounting records from certain subsidiaries, impacting the audit process and financial reporting[31] Human Resources - The total number of employees as of December 31, 2023, is approximately 21, down from 45 in 2022, with total employee costs amounting to approximately HKD 2.2 million compared to HKD 9.0 million in 2022[50] Investment Strategy - The group aims to improve its financial condition by leveraging existing technological knowledge and programs to enrich revenue streams, focusing on sustainable development and potential growth opportunities[51] - The group holds financial assets at fair value amounting to approximately HKD 42.8 million, with significant investments including a loss of HKD 6.5 million from Hui Long Holdings and a profit of HKD 6.1 million from China Investment Finance Group[54] - The group's investment portfolio includes a total loss of HKD 5.1 million for the year, with a total asset value of HKD 42.8 million representing 11.2% of total assets[54] - The group will continue to maintain a diversified investment portfolio and closely monitor investment performance and market trends to adjust its investment strategies accordingly[56] Board of Directors - The group has undergone significant changes in its board of directors, with several resignations and new appointments effective January 31, 2024[62] - Mr. Huang Sile was appointed as an independent non-executive director on February 29, 2024[63] - The board of directors consists of executive directors Mr. Pan Junyan and Mr. Lin Zhijia, and independent non-executive directors Ms. Peng Jingyi, Mr. Xie Dongliang, and Mr. Huang Sile[66] Reporting - The performance announcement and annual report will be published on the Hong Kong Stock Exchange website and the company's website[64]

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 43,280,000, a decrease of 4.1% compared to HKD 45,124,000 in the same period of 2022[4] - Gross profit for the same period was HKD 20,022,000, down 7.5% from HKD 21,654,000 year-over-year[4] - The net loss for the six months ended June 30, 2023, was HKD 32,700,000, an improvement of 8.2% compared to a net loss of HKD 35,664,000 in the prior year[4] - Operating loss decreased to HKD 32,260,000 from HKD 34,871,000, reflecting a reduction of 7.5% year-over-year[4] - The company reported a total comprehensive loss of HKD 33,043,000 for the period, compared to HKD 35,664,000 in the previous year, indicating a 7.4% improvement[8] - The company reported a pre-tax loss of HKD 32,609,000 for the six months ended June 30, 2023, compared to a loss of HKD 35,526,000 in 2022[31] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 365,972,000, down from HKD 399,732,000 at the end of 2022, representing a decrease of 8.4%[10] - The company’s equity attributable to owners decreased to HKD 331,116,000 from HKD 364,068,000, a reduction of 9.1%[10] - The company’s total liabilities as of June 30, 2023, were HKD 34,970,000, slightly down from HKD 35,687,000 as of December 31, 2022[25] - The company's total liabilities as of June 30, 2023, were approximately HKD 34.9 million, resulting in a debt ratio of about 10.6%, compared to 9.8% as of December 31, 2022[54] Cash Flow - Cash and cash equivalents decreased to HKD 2,393,000 from HKD 6,656,000, a decline of 64.0%[10] - The company incurred a cash outflow from operating activities of HKD 367,000, compared to a cash inflow of HKD 5,443,000 in the same period last year[16] Investments - Financial assets at fair value through profit or loss decreased to HKD 34,009,000 from HKD 43,977,000, a decline of 22.5%[10] - The significant investments included a loss of HKD 13.8 million, with the largest losses from 汇隆控股有限公司 (HKD 2.4 million) and 中国投融资集团有限公司 (HKD 2.9 million)[63] - 汇隆控股有限公司 reported revenue of approximately HKD 145.9 million and a loss of HKD 105.3 million for the year ending April 30, 2023[63] - 中国投融资集团有限公司 had revenue of approximately HKD 3.6 million and a loss of HKD 41.2 million for the year ending March 31, 2023[64] - 港湾数字产业资本有限公司 reported revenue of approximately HKD 5.9 million and a loss of HKD 44.1 million for the year ending December 31, 2022[65] Operational Highlights - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[33] - Interest income from bonds increased to HKD 373,000 in 2023 from HKD 324,000 in 2022[26] - Trade receivables as of June 30, 2023, totaled HKD 72,821,000, an increase from HKD 65,582,000 in 2022[34] - Sales and administrative expenses accounted for 89.8% of the company's revenue during the period, with expenses related to promotional incentives amounting to HKD 25.7 million[51] - The company has not incurred any significant capital expenditures during the review period[57] - The company has no contingent liabilities as of June 30, 2023[59] Employee and Governance - As of June 30, 2023, the group had approximately 41 employees, a decrease from 45 employees as of December 31, 2022[68] - The audit committee consists of three members, including the chairman, Mr. Kwan King Wah, and two independent non-executive directors, Mr. Cheng Shui Hung and Ms. Lo Shuet Lei[86] - The board of directors includes three executive directors and three independent non-executive directors, ensuring a balanced governance structure[87] - The company expresses gratitude to shareholders, business partners, and customers for their ongoing support and acknowledges the efforts of the management team and employees[88] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the six months ending June 30, 2023[72] Stock Options - As of June 30, 2023, the total unexercised stock options granted under the stock option plan amounted to 120,126,000 shares[84] - The stock options granted to employees include 4,966,000 shares from July 28, 2017, with an exercise price of HKD 0.995, and 60,340,000 shares from May 10, 2022, with an exercise price of HKD 0.33[84] - The stock options granted to directors total 18,000,000 shares, all granted on May 18, 2021, with an exercise price of HKD 0.565[84] - The exercise period for the stock options granted to employees ranges from July 28, 2017, to May 9, 2025[84] - The company has not reported any exercised or lapsed stock options during the period[84] - The total number of stock options granted remains unchanged at 120,126,000 as of June 30, 2023[84] Future Outlook - The group aims to diversify its investment portfolio and closely monitor market trends to adjust its investment strategies[66] - The group is focused on leveraging existing technological knowledge to enhance revenue streams and build a solid platform for sustainable growth[69] - The group has obtained a license from Japan's largest anime studio for interactive anime exhibitions in Hong Kong, aiming to explore this business opportunity further[69]

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，概不會就本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China e-Wallet Payment Group Limited 中 國 錢 包 支 付 集 團 有 限 公 司* （於百慕達註冊成立的有限公司） （股份代號：802） 有關2022年報的補充公告 茲提述中國錢包支付集團有限公司（「本公司」）截至2022年12月31日止年度的年度 報告（「2022年報」）。除文義另有所指外，本公告所用詞彙與2022年報所界定者具有 相同含義。 除2022年報所載的資料外，本公司謹向本公司股東及潛在投資者提供以下補充資料。 有關購股權計劃的補充資料 於截至2022年12月31日止年度，根據購股權計劃授出的購股權的變動如下： 於2022年 於2022年 緊接授出 1月1日 於股份 12月31日 股份合併前 股份合併後 於授出日期 日期前的 授出日期 尚未行使 已授出 已行使 已失效 已註銷 合併時調整 尚未行使 歸屬期 行使期 行使價 行使價 的公平值 股份收市價 ...

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，概不會就本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China e-Wallet Payment Group Limited 中 國 錢 包 支 付 集 團 有 限 公 司* （於百慕達註冊成立的有限公司） （股份代號：802） 截至2023年6月30日止六個月中期業績公告 中國錢包支付集團有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司 及其附屬公司（統稱「本集團」）截至2023年6月30日止六個月之未經審核綜合中期業 績連同比較數據。本公告載有本公司2023年中期報告全文，符合香港聯合交易所有 限公司（「聯交所」）證券上市規則有關隨附中期業績初步公告資料的相關規定。本 公告刊載於聯交所網站(www.hkexnews.hk)及本公司網站(www.hklistco.com/802)。本 公司中期報告的印刷版將適時寄發予本公司股東及可於上述網站查閱。 承董事會命 中國錢包支付集團有限公司 執行董事 李景龍 ...