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 2021 (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, BDO Limited.
For the Year, the Group recorded a loss for the Year attributable to owners of the Company of approximately
HK$14.12 million (2020: profit of approximately HK$53.16 million) which is primarily attributable to the net
valuation gains on fair value of financial asset at fair value through profit or loss amounted to approximately
HK$0.34 million (2020: Net valuation losses on fair value of financial asset at fair value through profit or loss
of approximately HK$162.45 million) and the realised gain on disposal of financial asset at fair value through
profit or loss amounted to approximately HK$6.09 million (2020: approximately HK$211.60 million) netted
off by the general and administrative expenses of approximately HK$18.04 million (2020: approximately
HK$18.95 million). The finance income for the Year was approximately HK$0.27 million (2020: approximately
HK$0.12 million). The Group’s net valuation gains in fair value of financial assets at fair value through profit or
loss for the Year amounted to approximately HK$0.34 million (2020: net loss of approximately HK$162.45
million). The general and administrative expenses of the Group for the Year were approximately HK$18.04
million (2020: approximately HK$18.95 million). The decrease was mainly resulted from the increase in
employee benefits expenses netted off by the decrease in legal and professional fees during the Year.
The finance expenses for the Year were approximately HK$7.06 million (2020: approximately HK$13.88
million). The Group’s net asset value decreased to approximately HK$1,831.84 million (2020: approximately
HK$1,845.95 million). Loss per share for the Year was amounted to approximately HK$0.49 cents (2020:
earnings per share approximately HK$1.83 cents).
