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 2024 (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$148.21 million (2023: loss of approximately HK$217.90 million) which is primarily attributable to the net valuation
losses on fair value of financial asset at fair value through profit or loss amounted to approximately HK$160.58
million (2023: net valuation losses on fair value of financial asset at fair value through profit or loss of approximately
HK$287.70 million) netted off by the general and administrative expenses incurred during the Year of approximately
HK$16.34 million (2023: approximately HK$12.68 million). The finance income for the Year was approximately
HK$5.70 million (2023: approximately HK$1.06 million). The Group’s net valuation losses on fair value of financial
assets at fair value through profit or loss for the Year amounted to approximately HK$160.58 million (2023: loss
of approximately HK$287.70 million). The general and administrative expenses of the Group for the Year were
approximately HK$16.34 million (2023: approximately HK$12.68 million). The increase mainly resulted from the
increase in business and management fees during the Year. The finance expense for the Year was approximately
HK$0.21 million (2023: Nil). The Group’s net asset value decreased to approximately HK$994.13 million (2023:
approximately HK$1,142.33 million). Loss per share for the Year amounted to approximately HK$5.11 cents (2023:
loss per share approximately HK$7.51 cents).
