The board of directors (the “Board” or “Directors”) of the Company announces the audited consolidated results of the Group for
the year ended 31 December 2020 (the “Year”). The audited consolidated results for the Year have been reviewed by the audit
committee of the Company (the “Audit Committee”) and audited by the auditor of the Company, PricewaterhouseCoopers.
For the Year, the Group recorded a profit for the year attributable to equity holders of the Company of
approximately HK$53.16 million (2019: HK$176.05 million) which is primarily attributable to the gain on
disposal of financial asset at fair value through profit or loss and the gain on disposal of an associate for
the Year. The finance income for the Year was approximately HK$0.12 million (2019: HK$0.07 million).
Though the net valuation losses on fair value of financial assets at fair value through profit or loss amounted
to approximately HK$162.45 million (2019: net valuation gains on fair value of financial asset at fair value
through profit or loss of HK$214.61 million), the realised gain on disposal of financial assets at fair value
through profit or loss amounted to approximately HK$211.60 million (2019: Nil) and the gain on disposal
of an associate amounted to approximately HK$35.46 million (2019: Nil) was recorded in the Year. The
general and administrative expenses of the Group for the Year were approximately HK$18.95 million (2019:
HK$18.26 million). The increase was mainly resulted from the increase in employee benefits expenses and
bank charges incurred during the Year. The finance expenses for the Year were approximately HK$13.88
million (2019: HK$21.44 million). The Group’s net asset value increased to approximately HK$1,845.95
million (2019: HK$1,798.48 million). Earnings per share for the Year was amounted to approximately
HK$1.83 cents (2019: HK$6.07 cents).
