third quarterly results announcement for the nine …€¦ · the greater risk profile and other...

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* For identification purposes only

GET HOLDINGS LIMITED智易控股有限公司 *

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock Code: 8100)

THIRD QUARTERLY RESULTS ANNOUNCEMENTFOR THE NINE MONTHS ENDED 30 SEPTEMBER 2015

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”)

GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement, for which the directors (“Directors”) of GET Holdings Limited (“Company”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (“GEM Listing Rules”) for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

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FINANCIAL HIGHLIGHTS(unaudited)

• TheturnoveroftheGroup(asdefinedbelow)wasapproximatelyHK$245,928,000fortheninemonths ended30September 2015 (“Period”) representing an increaseofapproximately92.5%ascomparedtotheturnoverforthecorrespondingperiodin2014ofapproximatelyHK$127,765,000.

• TheGrouprecordedanetprofitofapproximatelyHK$51,495,000forthePeriod(2014:HK$89,114,000).

• TheGroup recordedaprofitattributable toownersof theCompanyofapproximatelyHK$23,844,000 for thePeriodcompared to theprofit attributable toownersof theCompanyofapproximatelyHK$64,443,000forthesameperiodinlastyear.Theprofitfor thePeriodwasmainly attributable to (i) net profit contributedbyApperienceCorporation (“Apperience”) (anon-whollyownedsubsidiaryof theCompany)and itssubsidiariesof approximatelyHK$58,110,000, (ii) thenetprofit of approximatelyHK$8,074,000contributedby theCorporateManagementSolutionsand I.T.ContractServicesBusiness (as defined below) and (iii) the net profit of approximatelyHK$2,033,000contributedby theSecurities InvestmentBusiness (asdefinedbelow),whichcomprised the fairvaluegainon financialassetsat fairvalue throughprofitorlossofapproximatelyHK$58,893,000during thePeriodand theaggregatenet lossondisposalsofavailable-for-salefinancialassetsandfinancialassetsatfairvaluethroughprofitorlossofapproximatelyHK$49,377,000incurredbytheGroupforthePeriod.

• EarningspershareforprofitattributabletoownersoftheCompanyforthePeriodwereHK4.15cents.

• TheBoard(asdefinedbelow)doesnotrecommendthepaymentofanydividendforthePeriod.

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RESULTS

TheboardofDirectors (“Board”) ofGETHoldingsLimited (“Company”) is pleased toannounce theunauditedcondensedconsolidated resultsof theCompanyand its subsidiaries(collectively referred to as the “Group”) for the threemonths andninemonths ended30September2015,togetherwiththecomparativeunauditedfiguresforthecorrespondingperiodin2014,asfollows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS — UNAUDITEDFor the three months and nine months ended 30 September 2015(Expressed in Hong Kong dollars)

Three months ended30 September

Nine months ended30 September

2015 2014 2015 2014Note HK$’000 HK$’000 HK$’000 HK$’000

Turnover 4 64,158 47,398 245,928 127,765Costofsalesandservicesrendered (32,149) (17,793) (123,594) (35,107)

Grossprofit 32,009 29,605 122,334 92,658Otherrevenueandother gainsandlosses 5 (9,747) 5,433 13,859 45,274Sellingandadministrative expenses (23,872) (15,206) (67,478) (38,013)

(Loss)/profitfromoperations (1,610) 19,832 68,715 99,919Financecosts 6(a) (364) (472) (677) (1,073)Shareofprofitofanassociate 80 – 462 –

(Loss)/profitbeforetaxation 6 (1,894) 19,360 68,500 98,846Incometax 8 (4,917) (2,509) (17,005) (9,732)

(Loss)/profit for the period (6,811) 16,851 51,495 89,114

(Loss)/profit attributable to:OwnersoftheCompany (13,781) 9,343 23,844 64,443Non-controllinginterests 6,970 7,508 27,651 24,671

(6,811) 16,851 51,495 89,114

(Restated) (Restated)(Loss)/earnings per share 9Basic HK(1.65) cents HK3.70cents HK4.15 cents HK29.03centsDiluted HK(1.65) cents HK3.64cents HK4.04 cents HK25.92cents

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CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME — UNAUDITEDFor the three months and nine months ended 30 September 2015(Expressed in Hong Kong dollars)



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000

(Loss)/profit for the period (6,811) 16,851 51,495 89,114

Other comprehensive income for the period:Items that may be reclassified to profit or loss:Exchangedifferencesontranslation offinancialstatementsofoverseas subsidiaries – 154 30 60Fairvalue(loss)/gainon available-for-salefinancialassets (20,036) 5,591 21,459 (6,654)

Other comprehensive income for the period, net of tax (20,036) 5,745 21,489 (6,594)

Total comprehensive income for the period (26,847) 22,596 72,984 82,520

Attributable to:OwnersoftheCompany (33,817) 15,005 45,341 57,813Non-controllinginterests 6,970 7,591 27,643 24,707

(26,847) 22,596 72,984 82,520

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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY — UNAUDITEDFor the nine months ended 30 September 2015 and 30 September 2014(Expressed in Hong Kong dollars)

Attributable to owners of the Company

Sharecapital

Sharepremium

Contributedsurplus

Shareoption

reserve

Convertible note equity

reserveExchange

reserve

Investment revaluation

reserveAccumulated

losses Total

Non-controlling

interestsTotal

equityHK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000

At1January2014 492,562 46,682 414,679 310 13,809 (60) – (414,226) 553,756 35,498 589,254

Profitfortheperiod – – – – – – – 64,443 64,443 24,671 89,114Othercomprehensiveincome fortheperiod – – – – – 24 (6,654) – (6,630) 36 (6,594)

Totalcomprehensiveincome fortheperiod – – – – – 24 (6,654) 64,443 57,813 24,707 82,520

Arisingfromacquisition ofasubsidiary – – – – – – – – – 1,729 1,729Performancesharesissuedon 6June2014 71,552 (38,638) – – – – – – 32,914 – 32,914Shareoptionlapsed – – – (310) – – – 310 – – –Dividendsdeclaredto non-controllinginterests – – – – – – – – – (20,350) (20,350)Shareconsolidationandcapital reductionon18July2014 (550,011) – 550,011 – – – – – – – –Shareissuedforacquisitionof subsidiarieson31July2014 1,860 27,535 – – – – – – 29,395 – 29,395Deemeddisposalofpartialinterest inasubsidiary – – – – – – – 1,026 1,026 976 2,002

Changesinequityfortheperiod (476,599) (11,103) 550,011 (310) – – – 1,336 63,335 (17,645) 45,690

At30September2014 15,963 35,579 964,690 – 13,809 (36) (6,654) (348,447) 674,904 42,560 717,464

At1January2015 19,541 96,846 964,690 – – (83) 5,511 (360,153) 726,352 41,524 767,876

ProfitforthePeriod – – – – – – – 23,844 23,844 27,651 51,495

Othercomprehensiveincome forthePeriod – – – – – 38 21,459 – 21,497 (8) 21,489

Totalcomprehensiveincome forthePeriod – – – – – 38 21,459 23,844 45,341 27,643 72,984

Arisingfromacquisition ofasubsidiary – – – – – – – – – 279 279Shareconsolidationandcapital reductionon24March2015 (note 14(a)) (17,587) – 17,587 – – – – – – – –Performancesharesissuedon 5June2015(note 14(b)) 165 13,000 – – – – – – 13,165 – 13,165Rightsissueshareson16June2015 (note 14(c)) 5,862 190,685 – – – – – – 196,547 – 196,547Dividendspaidtonon-controlling interests – – – – – – – – – (13,828) (13,828)Share-basedpayments – – – 2,839 – – – – 2,839 – 2,839Placingofshares (note 14(d)) 391 17,608 – – – – – – 17,999 – 17,999

ChangesinequityforthePeriod (11,169) 221,293 17,587 2,839 – – – – 230,550 (13,549) 217,001

At30September2015 8,372 318,139 982,277 2,839 – (45) 26,970 (336,309) 1,002,243 55,618 1,057,861

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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFor the nine months ended 30 September 2015(Expressed in Hong Kong dollars)

1. CORPORATE INFORMATION

TheCompanywasincorporatedasanexemptedcompanywithlimitedliabilityintheCaymanIslandson30July2001andcontinuedinBermudaon9January2014(Bermudatime).Theaddressofitsregisteredofficeof theCompany isClarendonHouse,2ChurchStreet,HamiltonHM11,Bermuda.Theprincipalplaceofbusiness inHongKong is locatedatRoom1703,17/F,HarcourtHouse,39GloucesterRoad,Wanchai,HongKong.

TheCompany is listedon theGrowthEnterpriseMarket (“GEM”)ofTheStockExchangeofHongKongLimited (“StockExchange”).Theprincipalactivityof theCompany is investmentholding.TheGroup isprincipally engaged in (i) research, development anddistributionof personal computer performancesoftware,anti-virus software,mobilephoneapplicationsand toolbaradvertisements, (ii) theprovisionofwebsitedevelopment,e-learningproductsandservices, (iii)securities investment, (iv)money lending, (v)provisionof insurance andmandatory provident fund (“MPF”) schemesbrokerage services and (vi)provisionofcorporatemanagementsolutionsandInformationTechnology(“I.T.”)contractservicesduringthePeriod.

Thisunauditedcondensedconsolidated thirdquarterly financial information ispresented in thousandsofunits ofHongKongDollars (“$’000”), unless otherwise stated.HongKong dollars (“HK$”) is theCompany’sfunctionalandtheGroup’spresentationcurrency.

2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS

The unaudited condensed consolidated financial statements of theCompany have been prepared inaccordancewith theHongKongFinancialReportingStandards (“HKFRSs”) issuedby theHongKongInstituteofCertifiedPublicAccountants (“HKICPA”),accountingprinciplesgenerallyaccepted inHongKong, thedisclosure requirementsof theHongKongCompaniesOrdinanceand theRulesGoverning theListingofSecuritiesontheGEMoftheStockExchange(“GEMListingRules”).

TheGroup’s2015 thirdquarterlyunaudited financial statementshavebeenpreparedunder thehistoricalcostconvention,exceptforcertainfinancialassetsandliabilitieswhichhavebeenmeasuredatfairvalues.Theprincipal accountingpoliciesused in thepreparationof theseunaudited condensed consolidatedfinancial statementsareconsistentwith thoseused in theannualconsolidated financial statements for theyearended31December2014except for thenewand revisedstandards,amendmentsand interpretations(“newand revisedHKFRSs”) issuedby theHKICPA that areadopted for the first time for thecurrentperiod’sfinancialstatements.

3. ADOPTION OF NEW AND REVISED HONG KONG FINANCIAL REPORTING STANDARDS

DuringthePeriod,theGrouphasadoptedallthenewandrevisedHKFRSsissuedbytheHKICPAthatarerelevant to itsoperationsandeffective for itsaccountingperiodbeginningon1January2015.HKFRSscomprise Hong Kong Financial Report ing Standards; Hong KongAccounting Standards; andInterpretations.TheadoptionofthesenewandrevisedHKFRSsdidnotresultinsignificantchangestotheGroup’saccountingpolicies,presentationoftheGroup’sfinancialstatementsandamountsreportedforthecurrentandprioraccountingperiods.

TheGrouphasnotearlyappliednewandrevisedHKFRSs thathavebeen issuedbutarenotyeteffectivefor the financial periodbeginning1 January2015.TheDirectors anticipate that thenewand revisedHKFRSswillbeadopted in theGroup’scondensedconsolidated financial statementswhen theybecomeeffective.TheGroup is in theprocessofassessing,whereapplicable, thepotentialeffectofallnewandrevisedHKFRSs thatwillbeeffective in futureperiodsbut isnotyet inaposition to statewhether thesenewandrevisedHKFRSswouldhaveamaterialimpactonitsresultsofoperationsandfinancialposition.

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4. TURNOVER

Turnoverrepresentsthesalesvalueofgoodsandservicessuppliedtocustomers.AnanalysisoftheGroup’sturnoverfortheperiodsisasfollows:

Three months ended 30 September

Nine months ended 30 September

2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000

(Unaudited) (Unaudited) (Unaudited) (Unaudited) Salesofcomputerandmobilephone softwareandtoolbaradvertisement 29,761 30,275 101,480 107,559Loaninterestincome 1,593 153 3,113 555Provisionofinsuranceandmandatoryprovident fundschemesbrokerageservices 7,764 14,150 55,584 14,664Provisionofwebsitedevelopmentfore-commerce business – – – 500Revenueandcommissionincomefrom onlineshoppingbusiness 535 801 2,496 2,468Provisionofcorporatemanagement solutionsandI.T.contractservices 24,505 2,019 83,255 2,019

64,158 47,398 245,928 127,765

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5. OTHER REVENUE AND OTHER GAINS AND LOSSES



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000

Note (Unaudited) (Unaudited) (Unaudited) (Unaudited) Other revenueBankinterestincome 8 2 15 4Fairvaluegainonfinancialassets atfairvaluethroughprofitorloss 12 8,941 – 58,893 9Otherinvestmentinterestincome 1 – 2 –Rentalincome – 225 – 675I.T.maintenanceserviceincome – – 2,328 –Dividendincome 347 – 358 –Others 46 15 452 42

9,343 242 62,048 730

Other gains and losses, netLossondisposalsofavailable-for- salefinancialassets,net (9,394) – (23,744) –Lossondisposalsofsubsidiaries – (326) – (326)Lossondisposalsoffinancial assetsatfairvaluethrough profitorloss (9,751) – (25,633) –Writtenoffofproperty,plantand equipment – – (53) –Fairvaluegainon investmentproperty – 1,300 – 1,300Fairvaluegainonperformanceshares 13 – 4,236 1,166 48,629Foreignexchangelosses,net (9) (19) (79) (3)Impairmentlossonproperty, plantandequipment – – – (169)Impairmentlossonintangibleassets – – – (4,887)Netsundryincome 64 – 154 –

(19,090) 5,191 (48,189) 44,544

Other revenue and other gains and losses (9,747) 5,433 13,859 45,274

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6. (LOSS)/PROFIT BEFORE TAXATION

(Loss)/profitbeforetaxationhasbeenarrivedatafter(crediting)/charging:



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (a) Finance costs:

Interestonotherborrowingsandnotes payable—whollyrepayablewithin5years 332 194 382 264Effectiveinterestonconvertiblenotes – 278 – 809Loaninterestpaid 32 – 295 –

364 472 677 1,073

(b) Staff costs (including directors’ remuneration):

Salaries,wagesandotherbenefits 7,220 2,999 20,735 6,496Retirementschemecontributions 315 102 897 201

7,535 3,101 21,632 6,697

(c) Other items:

Amortisationofintangibleassets 4,358 4,407 12,211 12,271Auditor’sremuneration 184 143 600 474Depreciation 343 225 980 386Reversalofcommissionclawbackprovision (92) – (942) –Operatingleasecharges: minimumleasepayments —hireofofficepremises 1,211 514 3,605 716Lossondisposalsofavailable-for-sale financialassets,net 9,394 – 23,744 –Lossondisposalsoffinancial assetsatfairvaluethroughprofitorloss 9,751 – 25,633 –Impairmentlossonproperty, plantandequipment – – – 169Impairmentlossonintangibleassets – – – 4,887Legalandprofessionalfees 1,432 1,706 5,346 4,703

7. COMPARATIVE FIGURES

Certain comparative figureshavebeen reclassified to conform to thePeriod’spresentation.Segmentrevenueandsegmentresultsdisclosedinthesegmentreportinghavebeenreclassifiedwhicharedisclosedin note 10 to the condensed consolidated financial statements. TheDirectors considered that thereclassificationwould result inmoreappropriatemanner to reflect thecorebusinessof theGroup.Thesereclassificationhaveno impacton theGroup’s total equity as at 30September2015and2014or theGroup’sprofitorlossfortheperiodsended30September2015and2014.

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8. INCOME TAX

Incometaxintheunauditedcondensedconsolidatedstatementofprofitorlossrepresents:



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Current tax —HongKongProfitsTax Provisionfortheperiod(Note 1) 5,150 2,864 17,706 10,601 Overprovisioninrespectofprioryear – (63) – (63) —Withholdingtaxfortheperiod(Note 2) 27 25 81 89Deferred tax (Note 3) (260) (317) (782) (895)

4,917 2,509 17,005 9,732

Note 1: Provision for theHongKongProfitsTax iscalculatedat16.5%(2014:16.5%)of theestimatedassessableprofitsforthePeriod.

Note 2: WithholdingtaxinJapan,regardingtheexternalsalesforwhichcustomersarelocatedinJapan,ischargedattheappropriatecurrentratesoftaxationrulinginJapan.

Note 3: Deferred tax isarisingfromthe taxeffecton the temporarydifferenceon intangibleassetsof theGroupforthePeriod.

TheGroup’s shareof anassociate’sprofit for thePeriod includes shareof the associate’s taxationofapproximatelyHK$21,000(2014:HK$Nil).

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9. (LOSS)/EARNINGS PER SHARE

(a) Basic (loss)/earnings per share

Thecalculationofbasic(loss)/earningspershareisbasedonthe(loss)/profitattributabletoownersoftheCompanyandtheweightedaveragenumberofordinarysharesinissueduringtheperiods.



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000


(Loss)/earnings(Loss)/profitattributabletoownersofthe Companyand(loss)/profitforthepurposeof calculatingbasic(loss)/earningspershare (13,781) 9,343 23,844 64,443

’000 ’000 ’000 ’000(Restated) (Restated)

Number of sharesWeightedaveragenumberofordinaryshares forthepurposeofcalculatingbasic (loss)/earningspershare 834,212 252,474 574,904 222,002

Basic(loss)/earningspershare(HKcents) (1.65) 3.70 4.15 29.03

Note: Theweightednumberofordinaryshares in2014hasbeen retrospectivelyadjusted for theshareconsolidationscompletedon24March2015andtherights issuewascompletedon16June2015.

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(b) Diluted (loss)/earnings per share

Noadjustmenthasbeenmade to thebasic lossper sharepresented for the threemonthsended30September2015inrespectofadilutionastheimpactofshareoptionsoutstandingasat30September2015hadnodilutiveeffect.

Thecalculationofdiluted(loss)/earningspershareisbasedonthe(loss)/profitattributabletoownersoftheCompanyandtheweightedaveragenumberofordinarysharesinissueduringtheperiods.



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000


(Loss)/earnings(Loss)/profitattributabletoownersof theCompanyand(loss)/profitfor thepurposeofcalculating basic(loss)/earningspershare (13,781) 9,343 23,844 64,443

Financecostssavingonconversion ofconvertibleloansoutstanding – 278 – 809

(Loss)/profitattributabletoownersof theCompanyand(loss)/profitfor thepurposeofcalculating diluted(loss)/earningspershare (13,781) 9,621 23,844 65,252

’000 ’000 ’000 ’000(Restated) (Restated)

Number of sharesWeightedaveragenumberofordinaryshares forthepurposeofcalculating basic(loss)/earningspershare 834,212 252,474 574,904 222,002

Effectofdilutivepotentialordinaryshares Convertiblenotes – 6,335 – 6,335 Performanceshares – 5,201 15,361 23,406

Weightedaveragenumberofordinaryshares forthepurposeofcalculating diluted(loss)/earningspershare 834,212 264,010 590,265 251,743

Diluted(loss)/earningspershare(HKcents) (1.65) 3.64 4.04 25.92

Note: Theweightedaveragenumberofordinaryshares in2014hasbeen retrospectivelyadjustedfortheshareconsolidationscompletedon24March2015andtherightsissuewascompletedon16June2015.

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10. SEGMENT REPORTING

TheGroupmanagesitsbusinessesbydivisions,whichareorganisedbyamixtureofbothbusinesslinesandgeographical locations.Inamannerconsistentwith thewayinwhichinformationisreportedinternally totheGroup’smost seniorexecutivemanagement for thepurposesof resourcesallocationandperformanceassessment,theGrouphadfive(2014:five)reportablesegmentsduringtheperiods:

— Research, development anddistributionof personal computer performance software, anti-virussoftware,mobilephoneapplicationsandtoolbaradvertisements(“SoftwareBusiness”)

— Securitiesinvestment(“SecuritiesInvestmentBusiness”)

— Moneylending(“MoneyLendingBusiness”)

— ProvisionofinsuranceandMPFschemesbrokerageservices(“InsuranceandMPFSchemesBrokerageBusiness”)

— Provisionof corporatemanagement solutionsand I.T. contract services (“CorporateManagementSolutionsandI.T.ContractServicesBusiness”)

TheGroup’sotheroperatingsegments include (i)websitedevelopment,e-learningproductsandservices(“E-learningBusiness”); and (ii)provisionofonline shoppingbusiness (“OnlineShoppingBusiness”),which do notmeet any of the quantitative thresholds for determining as reportable segments. Theinformationoftheseotheroperatingsegmentsisincludedinthe“Others”column.

DuringthePeriod,theDirectorsreviewedthebusinesssegmentsoftheGroupandconsideredtherevenue,results,assetsandliabilitiesinrelationtotheE-learningBusinesswerelessthan10%oftheGroup’stotalrevenue, total results, total assets and liabilities for theninemonthsended30September2014and30September2015.TheDirectorsconsidered that re-classifyingE-learningBusiness toothersegmentwouldresult in amoreappropriatemanner to reflect the corebusinessof theGroup.Asa result,E-learningBusiness previouslywasdesignated as a single reporting segment in prior period andnowhas beencombinedintothe“Others”segment.Revenueandresultspresentedinthesegmentreportingfortheperiodended30September2014havebeenreclassifiedtoconformwiththePeriod’snewpresentation.

(a) Segment results

Forthepurposesofmonitoringsegmentperformancesandallocatingresourcesamongsegments:

— Segmentprofit/(loss)representsprofitearnedby/(lossfrom)eachsegmentwithoutallocationofcentraladministrationcosts,financecostsandincometaxexpense.

— Segment revenue reportedbelowrepresents revenuegenerated fromexternalcustomers. Inter-segment revenue ispricedwith reference topricescharged toexternal customers for similarorders.

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InformationregardingtheGroup’sreportablesegmentsfortheperiodended30September2015issetoutbelow.

Nine months ended 30 September 2015

SoftwareBusiness

Securities Investment

Business

MoneyLendingBusiness

Insuranceand MPFSchemes

BrokerageBusiness

CorporateManagement

Solutions andI.T. Contract

ServiceBusiness Others Consolidated

HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

TurnoverRevenuefromexternalcustomers 101,480 – 3,113 55,584 83,255 2,496 245,928Inter-segmentrevenue – – – – 1,012 – 1,012

Reportablesegmentrevenue 101,480 – 3,113 55,584 84,267 2,496 246,940

Reconciliation:Eliminationofintersegment revenue (1,012)

Revenue 245,928

ResultsSegmentresults 64,421 9,422 2,411 3,280 7,208 (4,274) 82,468

Reconciliation:Interestincome 15Unallocatedincome—Fairvaluegainon performanceshares 1,166—Otherincome 1Unallocatedexpenses—Corporateexpenses (14,935)

Profitfromoperations 68,715Financecosts (677)Shareofprofitofanassociate 462

Profitbeforetaxation 68,500Incometax (17,005)

ProfitforthePeriod 51,495

Other segment information:Amortisationofintangibleassets (11,028) – – – (1,183) – (12,211)Depreciation – (45) (8) (245) (372) (310) (980)Lossondisposalsofavailable- for-salefinancialassets,net – (23,744) – – – – (23,744)Lossondisposalsoffinancial assetsatfairvaluethrough profitorloss – (25,633) – – – – (25,633)Writtenoffofproperty,plantand equipment – – – – – (53) (53)Legalandprofessionalfees (1,268) – (18) (18) (37) (4,005) (5,346)

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InformationregardingtheGroup’sreportablesegmentsfortheperiodended30September2014issetoutbelow.

Ninemonthsended30September2014

SoftwareBusiness

SecuritiesInvestmentBusiness

MoneyLendingBusiness

InsuranceandMPFSchemes

BrokerageBusiness

CorporateManagementSolutionsandI.T.Contract

ServiceBusiness Others Consolidated

HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

TurnoverRevenuefromexternalcustomers 107,559 – 555 14,664 2,019 2,968 127,765Inter-segmentrevenue – – – – 60 – 60

Reportablesegmentrevenue 107,559 – 555 14,664 2,079 2,968 127,825

Reconciliation:Eliminationofintersegmentrevenue (60)

Revenue 127,765

ResultsSegmentresults 56,674 (249) 504 3,328 (580) (1,455) 58,222

Reconciliation:Interestincome 4Unallocatedincome—Fairvaluegainonperformance shares 48,629—Fairvaluegainoninvestmentproperty 1,300—Rentalincome 675—Otherincome 20Unallocatedexpenses—Corporateexpenses (8,605)—Lossondisposalofsubsidiaries (326)

Profitfromoperations 99,919Financecosts (1,073)

Profitbeforetaxation 98,846Incometax (9,732)

Profitfortheperiod 89,114

Other segment information:Amortisationofintangibleassets (11,989) – – – (282) – (12,271)Depreciation – (45) – (70) (56) (215) (386)Fairvaluegainonfinancialassets atfairvaluethroughprofitorloss – 9 – – – – 9Impairmentlossonintangibleassets (4,887) – – – – – (4,887)Legalandprofessionalfees (1,975) (50) – (6) – (2,672) (4,703)

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(b) Geographical information

ThefollowingtablessetoutinformationaboutthegeographicallocationoftheGroup’srevenuefromexternal customers.Thegeographical locationof customers isbasedon the locationatwhich theserviceswereprovidedorthegoodsdelivered.



2015 2014 2015 2014HK$’000 HK$’000 HK$’000 HK$’000


Revenue from external customersUnitedStatesofAmerica 13,031 14,919 45,334 55,175Germany 1,558 1,097 5,256 3,930UnitedKingdom 2,506 2,036 8,509 7,108HongKong 34,777 17,680 121,671 20,903Australia 1,333 1,285 4,344 4,278Canada 1,119 1,042 3,897 3,890Russia 864 1,333 26,357 4,262Japan 1,214 910 3,724 3,571Others(includingMainlandChina) 7,756 7,096 26,836 24,648

64,158 47,398 245,928 127,765

11. DIVIDENDS

TheBoarddoesnotrecommendthepaymentofanydividendinrespectofthePeriod(2014:Nil).

12. FAIR VALUE GAIN ON FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Nine months ended 30 September2015 2014

HK$’000 HK$’000(Unaudited) (Unaudited)

Financial assets at fair value through profit or lossPurchaseoflistedsecurities 94,134 44Fairvaluegainonfinancialassetsatfairvaluethroughprofitorloss 58,893 9Disposalduringtheperiods (139,818) (53)

Balanceat30September 13,209 –

ThefairvaluesoflistedsecuritiesforthePeriodarebasedontheirclosingpricesasat30September2015ontheStockExchange.

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13. FAIR VALUE GAIN ON PERFORMANCE SHARES

Nine months ended 30 September2015 2014


Performance sharesBalanceat1January 14,331 104,568Issueofsharesduringtheperiod (13,165) (32,914)Fairvaluegainonperformanceshares (1,166) (48,629)

Balanceat30September – 23,025

14. SHARE CAPITAL

Nominal value per share

Numberof share Amount

Note HK$ ’000 HK$’000

Authorised:At1January2015 0.01 80,000,000 800,000Shareconsolidation (a)(i) 0.10 (72,000,000) –Capitalreductionandsharesubdivision (a)(ii) 0.01 72,000,000 –

At30September2015(Unaudited) 0.01 80,000,000 800,000

Issued and fully paid:At1January2015 0.01 1,954,125 19,541Shareconsolidation (a)(i) 0.10 (1,758,713) –Capitalreductionandsharesubdivision (a)(ii) 0.01 – (17,587)Performancesharesissued (b) 0.01 16,456 165Rightsissueofshares (c) 0.01 586,238 5,862Placingofshares (d) 0.01 39,080 391

At30September2015(Unaudited) 0.01 837,186 8,372

(a) 2015 Capital Reorganisation

Reference ismade to thecircularof theCompanydated26February2015 in respectof thecapitalreorganisation (“2015CapitalReorganisation”).Unlessotherwisespecifiedherein,capitalised termsusedinthisnoteshallhavethesamemeaningsasthosedefinedinsuchcircular.

–18–

The2015CapitalReorganisationwasapprovedbytheshareholdersoftheCompany(“Shareholders”)at thespecialgeneralmeetingof theCompanyheldon23March2015andbecameeffectiveon24March2015.The2015CapitalReorganisationinvolvedthefollowing:

(i) Share consolidation

Pursuanttotheshareconsolidation(“2015ShareConsolidation”),everytenissuedandunissuedshares of theCompanyofHK$0.01 eachwere consolidated intoone consolidated shareofHK$0.10 each (each, a “2015Consolidated Share”) and the total number of the 2015ConsolidatedSharesintheissuedsharecapitaloftheCompanyimmediatelyfollowingthe2015ShareConsolidationwas roundeddown toawholenumberbycancellingany fraction in theissuedsharecapitaloftheCompanyarisingfromthe2015ShareConsolidation.

(ii) Capital reduction and share subdivision

— the issuedsharecapitalof theCompanyhasbeen reduced throughacancellationof thepaid-up capital of theCompany to the extent ofHK$0.09on eachof the issued2015ConsolidatedShares such that thenominalvalueofeach issued2015ConsolidatedSharehasbeenreducedfromHK$0.10toHK$0.01(“2015CapitalReduction”);

— immediately following the2015CapitalReduction, eachof theauthorisedbutunissued2015ConsolidatedSharesofHK$0.10eachwassub-dividedinto10newsharesofHK$0.01eachoftheCompany;and

— thecreditsarisinginthebooksoftheCompanyfrom(i)thecancellationofanyfractionintheissuedsharecapitaloftheCompanyarisingfromthe2015ShareConsolidation;and(ii)the2015CapitalReductionofapproximatelyHK$17,587,000havebeencredited to thecontributedsurplusaccountoftheCompanywithinthemeaningoftheCompaniesAct1981ofBermuda.

Immediatelyafter the2015CapitalReorganisationbecomingeffectiveon24March2015, theauthorised share capitalof theCompanywasHK$800,000,000divided into80,000,000,000sharesofHK$0.01each,ofwhich195,412,487shareswere in issueand theaggregatenominalvalueoftheissuedsharecapitalwasHK$1,954,124.87.

(b) Issuance of performance shares

Reference ismade to the Company’s circular dated 23 February 2013 and the Company’sannouncementdated28May2015inrelationtotheverysubstantialacquisitionof50.5%oftheissuedsharecapitalofApperience.Capitalisedtermsusedinthisparagraphshallhavethesamemeaningsasdefinedinsuchcircular.InaccordancewiththeAcquisitionAgreement,subjecttotheTargetProfitIIbeingequaltoormorethanUS$10million,theCompanyshallallotandissue,creditedasfullypaid,anaggregateof18,154,282TrancheIIPerformanceShares(afterbeingadjustedby the2015CapitalReorganisation)totheVendors.WheretheTargetProfitIIislessthanUS$10millionbutisapositivefigure,thenumberoftheTrancheIIPerformanceSharestobeallottedandissuedbytheCompanytotheVendors shallbe18,154,282sharesof theCompanymultipliedby theauditedconsolidatednetprofitsofApperienceafter taxationadjustedby theAdjusted ItemsanddividedbyUS$10million,being the targetconsolidatednetprofitsofApperienceafter taxationadjustedby theAdjusted ItemsfortheTargetProfitPeriodII.

On5June2015,theCompanyallottedandissued16,455,916TrancheIIPerformanceShares,creditedas fullypaid, to theVendors to settlepartof theconsideration for theacquisitionofApperience.Detailsof the issueofTranche IIPerformanceSharesare setout in theCompany’sannouncementdated28May2015.

–19–

(c) Rights issue of shares

On24February2015, theBoardproposeda rights issueon thebasisof threerightsshares foreveryoneshare(“RightsIssue”)heldon21May2015(“RecordDate”)atthesubscriptionpriceofHK$0.35per rightsshare.TheRights Issuewasapprovedby theShareholdersasanordinaryresolutionat thespecialgeneralmeetingof theCompanyheldon11May2015.Completionof theRights Issue tookplaceon16June2015.

UponthecompletionoftheRightsIssue,586,237,461ordinarysharesoftheCompanywereissuedatthepriceofHK$0.35each.ThenetproceedsarisingfromtheRightsIssueamountedtoapproximatelyHK$196.5million.Detailsof theRightsIssuearesetout in theCompany’sannouncementsdated24February2015,20March2015,10April2015,11May2015,12May2015and15June2015, theCompany’scirculardated22April2015andtheCompany’sprospectusdated22May2015.

(d) Placing of shares

On22June2015,theCompanyenteredintoaplacingagreementwithaplacingagentinrelationtotheplacingofup to39,080,000ordinary sharesof theCompanyundergeneralmandateat apriceofHK$0.49perplacingshare(“Placing”).CompletionofthePlacingtookplaceon8July2015.Thenetproceeds from thePlacing (afterdeductionofcommissionandotherexpensesof thePlacing)wereapproximatelyHK$18,350,000,whichwereexpectedtobeusedas investment insecurities(listedornon-listedsecurities).Detailsof thePlacingare setout in theCompany’sannouncementsdated22June2015and8July2015.

15. RESERVES

Theamountsof theGroup’s reservesand themovements therein for thePeriodand the sameperiodofpreviousyeararepresentedintheunauditedcondensedconsolidatedstatementofchangesinequity.

16. COMMITMENTS

Capitalcommitmentsattheendofthereportingperiodsareasfollows:

30 September 2015

30September2014


Contracted but not provided for:—acquisitionofsubsidiaries(note a) 42,000 –—acquisitionofsubsidiaries(note b) 180,416 –—acquisitionofavailable-for-salefinancialassets(note c) 60,000 –—developmentcostsforintangibleassets 4,484 4,653

286,900 4,653

–20–

Note a: On2February2015,asubsidiaryoftheCompanyandavendorenteredintoamemorandumofunderstanding (“MOU”) in relation toaproposedacquisitionby theGroupof100%of theissued share capi tal of Trendmode Holdings Limited (“Trendmode”) (“TrendmodeAcquisition”).Trendmodehas the following twowholly-owned subsidiarieswhichwereincorporatedinHongKong.

1. GETWealthManagementLimited is amemberofTheHongKongConfederationofInsuranceBrokersand ispermitted tocarryonbusinesses ingeneral insuranceand longterm (including linked long term) insurance. It is also registeredas aMPFCorporateIntermediarywiththeMandatoryProvidentFundSchemesAuthority;and

2. GETConsultingCompanyLimited isprincipallyengaged in theprovisionofconsultingservices(includingbusinessreferralservices)inHongKong.

TheGrouppaidHK$10million as refundabledeposit to thevendor immediately after thesigningoftheMOU.

On1April 2015, theGroupentered into a sale andpurchase agreement in relation to theTrendmodeAcquisition at themaximum consideration ofHK$52million (subject toadjustments).

TheTrendmodeAcquisitionwasapprovedbytheShareholdersatthespecialgeneralmeetingoftheCompanyheldon13 July2015 and its completion is still subject to other conditionsprecedent.Asat thedateof thisannouncement,completionof theTrendmodeAcquisitionhasnot yet taken place.Details of theTrendmodeAcquisition are set out in theCompany’sannouncementsdated2February2015,1April2015,8May2015,22May2015,8June2015,19June2015,13July2015and30September2015andtheCompany’scirculardated22June2015.

Note b: On13August2015and16September2015, theCompanyentered intoaconditional saleandpurchase agreement and a supplemental agreement respectively for the acquisition of anaggregateof14.677%oftheequityinterestinBoomMaxInternationalLimited(“BoomMax”)at theconsiderationofHK$180,416,400,whichwillbesatisfiedpartly incash,partlyby thecreationandissueoftheconvertiblenotesandpartlybytheallotmentandissueofthesharesbytheCompany.Theacquisitionissubjecttoanumberofconditionsprecedent.Asatthedateofthis announcement, completionof suchacquisitionhasnotyet takenplace.Detailsof suchacquisitionaresetout in theCompany’sannouncementsdated13August2015,16September2015,16October2015and6November2015.

Note c: Reference ismade to theCompany’s announcement dated31 July2015 in relation to theacquisitionof listedsharesand issueofnewsharesunder specificmandate.Unlessotherwisespecified,thecapitalisedtermsusedinthisnoteshallhavethesamemeaningasdefinedinsuchannouncement.

On31July2015, theCompanyandChinaNewEconomyFundLimited(“ChinaNew”)(stockcode:80)entered into theSPAgreementpursuant towhich theCompanyhasconditionallyagreed topurchase andChinaNewhas conditionally agreed to sell theSaleShares (being27,298,000ordinarysharesof theTarget,namelyChinaParentingNetworkHoldingsLimited中國育兒網絡控股有限公司,theissuedsharesofwhicharelistedonGEM(stockcode:8361))at theConsiderationofHK$60,000,000,whichwouldbe satisfiedby theCompanyby theallotmentand issueof146,699,266ConsiderationSharesat the IssuePriceofHK$0.409perConsiderationShare,creditedasfullypaid,toChinaNewattheCompletion.TheTargetGroupisanonlineplatformfocusingontheCBM(children,babies,andmaternity)marketinthePRCand ismainlyengaged in (i)provisionofmarketingandpromotional service; (ii)e-commercebusiness;and(iii)licensingofsmart-hardwaredevicesthroughitslargeandengageduserbaseofCBMconsumers.

Thecompletionof suchacquisition tookplaceon7October2015.Detailsof suchacquisitionaresetoutintheCompany’sannouncementsdated31July2015,27August2015,25September2015and7October2015andtheCompany’scirculardated7September2015.

– 21 –

17. EVENTS AFTER THE REPORTING PERIOD

(a) Major transaction: Trendmode Acquisition

On1April2015,theGroupenteredintoasaleandpurchaseagreementinrelationtotheTrendmodeAcquisitionatamaximumconsiderationofHK$52,000,000(subjecttoadjustments).

TheTrendmodeAcquisitionwasapprovedby theShareholdersat thespecialgeneralmeetingof theCompanyheldon13July2015anditscompletionissubjecttoanumberofconditionsprecedent.Asat thedateof thisannouncement,completionof theTrendmodeAcquisitionhasnotyet takenplace.Detailsof theTrendmodeAcquisitionaresetout intheCompany’sannouncementsdated2February2015,1April2015,8May2015,22May2015,8 June2015,19 June2015,13 July2015and30September2015and theCompany’scirculardated22June2015.Please refer tonote16(a) to thecondensedconsolidatedfinancialstatementsforfurtherdetails.

(b) Acquisition of listed shares and issue of new shares under specific mandate

On31July2015,theGroupenteredintoasaleandpurchaseagreementtoacquire27,298,000issuedordinarysharesofChinaParentingNetworkHoldingsLimited (listedon theStockExchange, stockcode:8361)at theconsiderationofHK$60,000,000whichwillbesatisfiedby theCompanyby theallotmentand issueof146,699,266newsharesat the issuepriceofHK$0.409pernewshare.Thecompletionof such acquisition tookplace on7October 2015.Please refer to note 16(c) to thecondensedconsolidatedfinancialstatementsforfurtherdetails.

(c) Acquisition of 14.677% of the equity interest in a non-wholly owned subsidiary

On13August2015, theCompanyentered intoaconditional saleandpurchaseagreement for thepurchaseofanaggregateof14.677%oftheissuedsharecapitalofBoomMax.BoomMaxisawholly-ownedsubsidiaryofApperience,whichisinturnindirectlyownedasto50.5%bytheCompany.Thecompletionof theacquisition isconditionalupon,amongotherconditions, the restructuringexercise(“Restructuring”)totheeffectthatBoomMaxwillceasetobeheldbyApperienceandwillbeheldbythe existing shareholders ofApperience.On 16September 2015, theCompany entered into asupplemental agreement in relation thereto.The total considerationofHK$180,416,400will besatisfiedpartly incash,partlyby thecreationand issueof theconvertiblenotesandpartlyby theallotmentandissueofthesharesbytheCompany.Theacquisitionissubjecttoanumberofconditionsprecedent.Asat thedateof thisannouncement, completion of suchacquisitionhasnotyet takenplace.DetailsofsuchacquisitionaresetoutintheCompany’sannouncementsdated13August2015,16September2015,16October2015and6November2015.

(d) Issue of the 9% per annum notes (“Aug 2015 Notes”)

On20August2015, theCompanyas issuerandJunYangSecuritiesCompanyLimitedasplacingagent(“Aug2015PlacingAgent”)enteredintoaplacingagreement(“Aug2015PlacingAgreement”),pursuanttowhichtheAug2015PlacingAgentagreed,onabestendeavourbasis,toprocureplacee(s)who(and its/his/her/their respectiveultimatebeneficialowner(s), ifapplicable) shallbe thirdpartiesindependentof,andnotconnectedwith theCompany, itsconnectedpersons (within themeaningoftheGEMListingRules)and their respectiveassociates, to subscribe for theAug2015Notes tobeissuedby theCompany inanaggregateprincipalamountofup toHK$300,000,000maturingon thesecondanniversaryafter the issuedateof theAug2015Notesat theplacingpriceequal to100%oftheprincipalamountoftheAug2015Notes(‘‘Aug2015Placing’’).

TheplacingperiodfortheAug2015PlacingcommencedonthedayimmediatelyfollowingthedateoftheAugPlacingAgreementandup to (and including) thedate fallingon the15thdayof thesixthmonthafter thedateof theAug2015PlacingAgreement. Issueof theAug2015Notesmay takemultiple tranches.TheCompanymay,atany timeafter the firstanniversaryof the issuedateof theAug2015Notes,redeemtheAug2015Notesoranypart thereofoutstandingbygivingnot lessthanonemonth’spriorwrittennoticetotheholdersoftheAug2015Notes.

– 22 –

At the date of this announcement, theAug 2015Notes in an aggregate principal amount ofHK$183,000,000wereissuedtocertainsubscriberswhosubscribedfortheAug2015Notesduringtheperiodupto15October2015.DetailsoftheissueoftheAug2015NotesaresetoutintheCompany’sannouncementsdated20August2015,30September2015and2November2015.

(e) Disposal of a property

On6October2015, theCompanyand thepurchaser entered into a sale andpurchase agreementpursuant towhich theCompanyhasconditionallyagreed tosell,and thepurchaserhasconditionallyagreedtopurchasethesaleshares,representing100%oftheissuedsharecapitalofBonusFirstGroupLimited(“BonusFirst”)whoseprincipalassetisacommercialunitlocatedinCentral,HongKong,attheconsiderationofHK$62,000,000(“DisposalofBonusFirst”).Asatthedateofthisannouncement,completionof theDisposalofBonusFirsthasnotyet takenplace.Detailsof theDisposalofBonusFirstaresetoutintheCompany’sannouncementdated6October2015.

(f) Acquisition of listed shares

On16October2015,theGroupenteredintoaplacingagreementtosubscribefor650,000,000issuedordinarysharesofConvoyFinancialHoldingsLimited (listedon theStockExchange, stockcode:1019)atacashconsiderationofapproximatelyHK$227,500,000.Thecompletionoftheplacingtookplaceon29October2015.

(g) Issue of new shares of Lujolujo Asia Limited

On31October2015, theGroup issuedshares representing83.33%of theenlargedsharecapitalofLujolujoAsiaLimited (anon-whollyowned subsidiaryof theCompany immediatelybefore thecompletionof thesubscriptionand itsprincipalactivitiesareprovisionofonlineshoppingbusinessunder thenameof“Funshare.com”) toan independent thirdpartyatanaggregateconsiderationofHK$8,500,000.

–23–

MANAGEMENT DISCUSSIONS AND ANALYSIS

BUSINESS REVIEW

Software Business

TheGroupexpanded itsbusiness in softwaremarketviaholding50.5%of the issuedsharecapitalofApperience,which isprincipallyengaged invariousaspectsof the I.T. industryincludingresearchanddevelopment,andprogression to thefinaldistributionofsoftwareforpersonal computer performances, anti-virus software,mobile applications and toolbaradvertisements.

Despitebeingbenefited from the stunningperformanceofApperienceand its subsidiaries(“ApperienceGroup”), the SoftwareBusiness recorded a turnover of approximatelyHK$101,480,000forthePeriod,representingadecreaseofapproximately5.7%overthesameperiodlastyear,andthesegmentprofitfortheSoftwareBusinessamountedtoapproximatelyHK$64,421,000 for thePeriod, representingan increaseof approximately13.7%over thesameperiodlastyear.

Inthefaceofever-evolvingsecuritythreatsandcounteractnewvirus,malwareandspyware,theApperienceGroup continues to closelymonitor the trend of I.T., and focus ondevelopmentandupgradeofitsproducts,includingbutnotlimitedtoAdvancedSystemCare,DriverBooster,SmartDefrag,GameBooster,MacBoosterandRandomPasswordGenerator.Theversion9.0of its flagshipanti-virusproduct,AdvancedSystemCare,which isa systemutilitysoftwarehelpinguserstoprotecttheirpersonalcomputersfromspywareandvirusanddetect and solve issues regarding computer security and performance, is planned to belaunchedattheendof2015.

On13August2015and16September2015,theCompanyenteredintoaconditionalsaleandpurchase agreement anda supplemental agreement respectively for the acquisitionof anaggregateof14.677%of theequity interest inBoomMax, awholly-owned subsidiaryofApperience,atcompletionconditionalupon,amongotherconditions,theRestructuring.BoomMaxholdsanumberof subsidiaries (“BoomMaxGroup”)whichareprincipallyengaged intheSoftwareBusiness.TakingintoaccountthestablefinancialperformanceoftheBoomMaxGroupinthepast,theDirectorsbelievethattheacquisitionwillincreasetheGroup’ssharesinthefinancialresultsoftheBoomMaxGroupandstrengthenthefinancialperformanceoftheGroup.Theacquisition issubject toanumberofconditionsprecedent.Asat thedateof thisannouncement, completion of such acquisition has not yet taken place.Details of suchacquisitionaresetoutintheCompany’sannouncementsdated13August2015,16September2015,16October2015and6November2015.

–24–

Money Lending Business

CitiProfitFinanceLimited(an indirectwholly-ownedsubsidiaryof theCompany)andGEOFinanceLimited (an indirectnon-wholly-ownedsubsidiaryof theCompany)areholdersofmoney lenders licencesunder theMoneyLendersOrdinance (Chapter163of theLawsofHongKong).TheGrouphas adoptedmoney lendingpolicyandproceduremanualwhichprovideguidelinesonthehandlingand/ormonitoringofmoneylendingproceduresaccordingtotheMoneyLendersOrdinance.

TheGroup’sMoneyLendingBusinesshaskeptgrowingsteadilyduring thePeriodafter itsacquisitionof51%oftheissuedsharecapitalofGEOFinanceLimitedon12March2015.

TheGroup recordeda substantialgrowth in turnoverandsegmentprofitunder thisbusinesssegment,whichamounted toapproximatelyHK$3,113,000andHK$2,411,000 respectivelyduring thePeriod.Theoutstandingprincipalamountof loan receivablesasat30September2015wasapproximatelyHK$50,935,000.During thePeriod, theGroupdidnot recordanydoubtfulorbaddebtinitsmoneylendingactivities.

Insurance and MPF Schemes Brokerage Business

During the Period, theGroup actively diversified its products and services to includeinvestment-linkedinsuranceanddevelopedourownnewsalesteamsforthepromotionofitsservices andproducts.For thePeriod, theunaudited turnover and segmentprofit of thisbusinesswereapproximatelyHK$55,584,000andHK$3,280,000respectively.

On1April2015, theGroupentered into thesaleandpurchaseagreement in relation to theTrendmodeAcquisition.ItwasapprovedbytheShareholdersatthespecialgeneralmeetingoftheCompanyheldon13July2015and isstillsubject toanumberofconditionsprecedents.Asat thedateof thisannouncement,completionof theTrendmodeAcquisitionhasnotyettaken place. Detai ls of the Trendmode Acquisi t ion are set out in the Company’sannouncementsdated2February2015,1April2015,8May2015,22May2015,8June2015,19June2015,13July2015and30September2015andtheCompany’scirculardated22June2015.

Resignation and appointment of the chief executive of GET Mdream Wealth Management Limited (“GMD”)

GMDisprincipallyengagedintheInsuranceandMPFSchemesBrokerageBusinessinHongKongandamemberoftheProfessionalInsuranceBrokersAssociation(“PIBA”).Theformerchief executiveofGMDresignedas thechief executiveofGMDon31 July2015due topersonalreason.Asrequiredby thePIBA,GMDwasnotallowedtoenter intonewbusinesscontractswith clients until the appointment of a new chief executive ofGMD.On 17September2015,with theapprovalof thePIBA,Mr.TseWingFungwasappointedas thechief executive ofGMD, followingwhich,GMD is allowed to enter into newbusinesscontractswithitsclients.DetailsoftheresignationandappointmentofthechiefexecutivearesetoutintheCompany’sannouncementsdated30July2015and17September2015.

–25–

Corporate Management Solutions and I.T. Contract Services Business

On31July2014,theGroupcompletedtheacquisitionof100%equityinterestine-PerfectITLimited(“e-Perfect”)ataconsiderationofHK$48million(“e-PerfectAcquisition”).e-Perfectisprincipallyengagedin(i)provisionofcorporatemanagementsolutions;(ii)provisionofI.T.contract services; and (iii) re-saleofhardwareandsoftware inHongKong.Detailsof thee-PerfectAcquisitionaredisclosedintheCompany’sannouncementsdated10June2014and31July2014.Thee-PerfectAcquisitionoffersnewbusinessopportunities to theGroupandtheGroup starts toprovidecorporatemanagement solutions and I.T. contract services tocorporateclientsinHongKongandthePeople’sRepublicofChina(“PRC”).

On31December2014, theGroupcompleted theacquisitionof100%of the issued sharecapitalofWaferSystems(HongKong)Limited(“WaferHK”)bye-PerfectataconsiderationofHK$18,000,000 (“WaferHKAcquisition”).WaferHK isprincipallyengaged innetworksystem integration, includingprovisionof network infrastructure solutions andnetworkprofessionalservicesinHongKongandthePRC.DetailsoftheWaferHKAcquisitionaresetout in theCompany’s announcementsdated31October2014,30December2014and31December2014andtheCompany’scirculardated11December2014.

DuringthePeriod,theGroupemergedasacomprehensiveI.T.businessplatformasitfurthersteppedintothefieldofI.T.project implementationbusiness.Themanagementbelieves thate-PerfectandWaferHKwillprovidestrongsupport to theSoftwareBusinessdevelopmentandplayamoreprominentroleinenhancingthefinancialperformanceoftheGroup.

The turnoverderived from thisbusiness segmentand thesegmentprofit for thePeriodwereapproximatelyHK$84,267,000andHK$7,208,000respectively.

Securities Investment Business

During thePeriod, the segmentprofit amounted to approximatelyHK$9,422,000 (2014:segmentlossofapproximatelyHK$249,000)andthecomprehensiveincomeoffairvaluegainonavailable-for-salefinancialassetswasapproximatelyHK$21,459,000(2014:fairvaluelossofapproximatelyHK$6,654,000).

–26–

ThesegmentprofitofapproximatelyHK$9,422,000 for thePeriodcomprised the fairvaluegainon financialassetsat fairvalue throughprofitor lossofapproximatelyHK$58,893,000and theaggregatenet lossondisposalsofavailable-for-sale financial assetsand financialassets at fair value throughprofit and loss (“FVTPL financial assets”)of approximatelyHK$49,377,000incurredbytheGroupforthePeriod.SuchnetlossondisposalsoffinancialassetsduringthePeriodwasmainlyattributabletothedisposalsofsharesinTargetInsurance(Holdings)Limited (Stockcode:6161) (whichwereclassifiedasFVTPLfinancialassets),DX.comHoldingsLimited (Stockcode:8086)andFinsoftCorporation InvestmentHoldingsLimited (Stockcode:8018) (bothwereclassifiedasavailable-for-sale financialassets).Thenetlossonsuchdisposals,inaggregate,amountedtoapproximatelyHK$45,100,000.Asat30September 2015, the total fair valueof the investment portfolio held by theGroupwasapproximatelyHK$221,840,000 (as at 31December 2014:HK$73,150,000) and suchinvestmentportfolio comprised10 investment items including shares listedon theStockExchangeandnon-listed investment funds, approximatelyHK$13,209,000ofwhichwereclassifiedasFVTPLfinancialassetsand the remainingofapproximatelyHK$208,631,000wereclassifiedasavailable-for-salefinancialassets.

To furtherdiversify thesecurities investmentportfolio,on31July2015, theGroupenteredintoasaleandpurchaseagreementtopurchase27,298,000ordinarysharesofChinaParentingNetworkHoldingsLimited(stockcode:8361)attheconsiderationofHK$60,000,000,whichwillbesatisfiedbytheCompanybytheallotmentandissueof146,699,266newshares.Thecompletionof theacquisition tookplaceon7October2015.Thedetailsof such investmentare set out in theCompany’s announcements dated 31 July 2015, 27August 2015, 25September2015and7October2015, theCompany’scirculardated7September2015andnote16(c)tothecondensedconsolidatedfinancialstatements.

On16October2015,theGroupenteredintoaplacingagreementtosubscribefor650,000,000issuedordinarysharesofConvoyFinancialHoldingsLimited(listedontheStockExchange,stockcode:1019)atacashconsiderationofapproximatelyHK$227,500,000, including therelatedcharges,feeandcommission.Thecompletionoftheplacingtookplaceon29October2015.

E-learning Business

During thePeriod,E-learningBusinessperformance tumbledunderkeencompetitionwithinthe industry.Bykeeping theShareholders’best interest inmind, theGroupwillcontinue tocloselymonitorthisbusiness’sperformance.DuringthePeriod,thisbusinessrecordedaminorlossofapproximatelyHK$33,000.

–27–

FINANCIAL REVIEW

Turnover

For thePeriodunder review, the turnoverof theGroupwasapproximatelyHK$245,928,000representingan increaseofapproximately92.5%comparedwith the turnover for theninemonthsperiodended30September2014ofapproximatelyHK$127,765,000.Theturnoverforthe Periodwasmainly contributed by the turnovers of (i) the SoftwareBusiness ofapproximatelyHK$101,480,000,(ii) theInsuranceandMPFSchemesBrokerageBusinessofapproximatelyHK$55,584,000 and (iii) theCorporateManagement Solutions and I.T.ContractServicesBusinessofapproximatelyHK$83,255,000.

Gross profit

The gross profit of theGroup for the Period increased by approximately 32.0% toapproximatelyHK$122,334,000 fromapproximatelyHK$92,658,000 for thecorrespondingperiodin2014.

Profit for the Period

TheGroup recorded anet profit of approximatelyHK$51,495,000 for thePeriod (2014:HK$89,114,000).ThenetprofitforthePeriodwasmainlycontributedby(i)thenetprofitoftheApperienceGroupofapproximatelyHK$58,110,000, (ii) thenetprofitofapproximatelyHK$8,074,000contributedbytheCorporateManagementSolutionsandI.T.ContractServicesBusinessand(iii)thenetprofitofapproximatelyHK$2,033,000contributedbytheSecuritiesInvestmentBusiness.

The profit attributable to owners of theCompany for the Periodwas approximatelyHK$23,844,000 comparedwith the profit attributable to owners of theCompany ofapproximatelyHK$64,443,000forthecorrespondingperiodin2014.

ThedecreaseinnetprofitforthePeriodascomparedwiththatforthecorrespondingperiodin2014wasmainlyattributable to thecombinedeffectsof (1) thesubstantialdecrease in fairvaluegainonperformanceshares (whichamounted toapproximatelyHK$48,629,000 in thecorrespondingperiodin2014)inthePeriod(whichamountedtoapproximatelyHK$1,166,000for the Period). Such performance shareswere allotted and issued to the vendors ofApperienceduringthePeriodtosatisfypartoftheconsiderationfortheacquisitionof50.5%oftheissuedsharecapitalofApperience,whichwascompletedon31March2013;(2)thenetprofitof approximatelyHK$2,033,000contributedby theSecurities InvestmentBusinessduring the Period as comparedwith the net loss of approximatelyHK$520,000 in thecorrespondingperiod in2014; (3) thenetprofitofapproximatelyHK$8,074,000contributedby theCorporateManagementSolutionsand I.T.ContractServiceBusiness,which isanewbusiness segment of theGroup commencingduring thePeriod; and (4) thenet profit ofapproximatelyHK$58,893,000contributedbytheApperienceGroupascomparedwiththatofapproximatelyHK$51,261,000inthecorrespondingperiodin2014.

–28–

Liquidity, financial resources and capital structure

As at 30September 2015, theGroup’s cash and cash equivalents and pledged depositamounted toapproximatelyHK$305,800,000 (asat31December2014:HK$151,337,000),whichwereprincipallydenominatedinRenminbi,UnitedStatesdollarandHongKongdollar(2014:Renminbi,UnitedStatesdollarandHongKongdollar).

TheGroupgenerallyfinancesitsoperationby(1)internallygeneratedresources,(2)proceedsraised from theRights Issueand (3)proceeds raised from issuesofnotesby theCompanyduringthePeriod.

Rights Issue

On24February2015,theBoardproposedtheRightsIssueonthebasisofthreerightsshares(“RightsShares”) foreveryoneshareheldon theRecordDateat thesubscriptionpriceofHK$0.35perRightsShare to raise approximatelyHK$205.2millionbeforedeductionofexpenses by issuing586,237,461RightsShares to the qualifyingShareholders.ThenetproceedsoftheRightsIssuewereapproximatelyHK$196.5million.

TheRights Issuewas approvedby theShareholders at a special generalmeetingof theCompanyheldon11May2015.CompletionoftheRightsIssuetookplaceon16June2015.Detailsof theRights Issueare setout in theCompany’sannouncementsdated24February2015,20March2015,10April2015,11May2015,12May2015and15 June2015, theCompany’scirculardated22April2015andtheCompany’sprospectusdated22May2015.

TheactualuseofthenetproceedsoftheRightsIssueasat30September2015wasasfollows:

Intended use of the net proceedsActual use of the net proceeds as at30 September 2015

NetproceedsfromtheRightsIssueofapproximatelyHK$196.5millionwasintendedtobeusedinthefollowingmanner:

(i) ApproximatelyHK$20millionforfundingtheincorporationofacompanyinHongKongwhichistobewhollyownedbytheGrouptocarryonType1regulatedactivity(dealinginsecurities)undertheSFO(asdefinedbelow);

ApproximatelyHK$18,000usedforthelegalandprofessionalfeeregardingtheincorporationofacompanyinHongKong

(ii) ApproximatelyHK$50millionforfundingtheMoneyLendingBusiness;

ApproximatelyHK$36.7millionusedfortheMoneyLendingBusinesswhichisoneoftheprincipalbusinessactivitiesoftheGroup

–29–

Intended use of the net proceedsActual use of the net proceeds as at30 September 2015

(iii)ApproximatelyHK$42millionforfuturepotentialacquisitionsorinvestmentswhicharerelatedtoInsuranceandMPFSchemesBrokerageBusiness(note a);

ApproximatelyHK$1.0millionusedforthelegalandprofessionalfeeregardingtheTrendmodeAcquisition

(iv)ApproximatelyHK$17.9millionforsettlingpartofthepurchasepriceofthePropertyAcquisition(asdefinedbelow)(note a);

ApproximatelyHK$17.9millionusedforpayingpartoftheconsiderationofthePropertyAcquisition

(v) ApproximatelyHK$20.1millionforotherfutureinvestmentopportunitiesoftheGroup(note a);

ApproximatelyHK$20.1millionusedforpayingpartofthedepositoftheacquisitionof14.677%oftheissuedsharecapitalofBoomMax

(vi)ApproximatelyHK$36millionforfuturepotentialacquisitionofproperties;and

ApproximatelyHK$36millionusedforpayingpartoftheconsiderationofthePropertyAcquisition

(vii)ApproximatelyHK$10.5millionforgeneralworkingcapitaloftheGroup

ApproximatelyHK$10.5millionusedforinvestmentinlistedsecuritiesandunlistedinvestmentfundswhichisoneoftheprincipalbusinessactivitiesoftheGroup

Theremainingunutilizedproceedswillbeutilisedasintended.

Note a: Itwasdisclosed in theCompany’sprospectusdated22May2015 that, amongothers, theRelevantProceeds(asdefinedintheCompany’sannouncementdated10August2015)wouldbeusedforfuturepotentialacquisitionsorinvestmentswhichwererelatedtotheInsuranceandMPFSchemesBrokerageBusiness.Asat thedateof thisannouncement, theGroupdidnot identifyanypotential investmentopportunitywhichwas related to the InsuranceandMPFSchemesBrokerageBusinessand theGroupchanged theuseof theRelevantProceeds.DetailsofchangeofuseofRelevantProceeds fromRightIssuesaredisclosedintheCompany’sannouncementdated10August2015.

Placing of new shares under general mandate

On22June2015, theCompanyandWinFungSecuritiesLimitedasplacingagent (“PlacingAgent”)entered intoaplacingagreement,pursuant towhich thePlacingAgentwillprocurenot less than sixplaceeswhoandwhoseultimatebeneficialowners shallbe thirdpartiesindependentof theGroupandnotconnectednoracting inconcertwithanyof theconnectedpersonsoftheGrouporanyoftheirrespectiveassociates,onabesteffortbasis,tosubscribeforupto39,080,000ordinarysharesofHK$0.01eachoftheCompany(“PlacingShares”)atapriceofHK$0.49perPlacingShare.

–30–

TheDirectorsconsideredthatthePlacingcouldstrengthenthefinancialpositionoftheGroupand provide additional funding to theGroup’s investment in theSecurities InvestmentBusiness.TheDirectorsalsoconsidered that thePlacing representedgoodopportunities tobroadentheShareholders’baseandcapitalbaseoftheCompanyandraiseadditionalfundsata reasonablecost.Completionof thePlacing tookplaceon8 July2015.Anaggregateof39,080,000PlacingShareswereallottedandissuedpursuanttothegeneralmandategrantedtotheDirectorsattheannualgeneralmeetingheldon4June2015.Theaggregatenominalvalueof the Placing Shares was HK$390,800. The net proceeds from the Placing wereapproximatelyHK$18,350,000(afterdeductionofcommissiontothePlacingAgentandotherexpensesof thePlacing), and thenet issuepricewasapproximatelyHK$0.47perPlacingShare.TheCompany intended toapplysuchnetproceeds towards investment in securities(listedornon-listed securities).Asat thedateof this announcement, thenetproceedsofapproximatelyHK$18,350,000wereusedfortheinvestmentinlistedsecurities.DetailsofthePlacingaresetoutintheCompany’sannouncementsdated22June2015and8July2015.

Issue of the 6% per annum notes (“Feb 2015 Notes”) in an aggregate principal amount of up to HK$50,000,000

On5February2015,theCompanyasissuerandGEOSecuritiesLimitedasplacingagent(“Feb2015PlacingAgent”), entered intoaplacingagreement (“Feb2015PlacingAgreement”)pursuant towhichtheFeb2015PlacingAgentagreedtoprocure theplacee(s)whoandwhoserespectiveultimatebeneficialowner(s)shallbethirdpartiesindependentof,andnotconnectedwith theCompany, its connectedpersonsand their respectiveassociates (eachwithin themeaningof theGEMListingRules),onabestendeavourbasis, tosubscribefor theFeb2015Notes tobe issuedbytheCompanyinanaggregateprincipalamountofup toHK$50,000,000maturingonthesecondanniversaryoftherespectiveissuedate(s)oftheFeb2015Notesattheplacingprice equal to 100%of theprincipal amount of theFeb2015Notes (“Feb2015Placing”).

Theplacingperiod (“PlacingPeriod”) for theFeb2015Placing commencedon the dayimmediately following thedateof theFeb2015PlacingAgreementandendedon thedatefallingonthe15thdayofthesixthmonthafterthedateoftheFeb2015PlacingAgreement.ThePlacingPeriodendedon15August2015.NosecurityorpledgewasofferedbytheGroupforissuingtheFeb2015Notes.

TheDirectors considered that theFeb2015Placing representedanopportunity toobtainfunding,whichwas intended tobeused to financeanypotential investmentopportunitiesoftheGroupthatmightarisefromtimetotimeandforthegeneralworkingcapitaloftheGroup.

AsdisclosedintheannouncementsoftheCompanydated1April2015and1May2015,theFeb2015Notes inanaggregateprincipalamountofHK$4,500,000were issued tocertainsubscriberswhosubscribedfortheFeb2015Notesduringtheperiodfrom6February2015to15April 2015.As at the date of this announcement, the net proceeds of approximatelyHK$4,171,000(afterdeductionofcommissiontoFeb2015PlacingAgentandotherexpensesoftheFeb2015Placing)wereusedfortheinvestmentinlistedsecurities.DetailsoftheissueoftheFeb2015NotesaresetoutintheCompany’sannouncementsdated5February2015,1April2015,1May2015and17August2015.

–31–

Issue of the 10% per annum notes (“Jun 2015 Notes”) in an aggregate principal amount of up to HK$30,000,000

On26June2015,theCompanyasissuerandGEOSecuritiesLimitedasplacingagent(“Jun2015PlacingAgent”) entered intoaplacingagreement (“Jun2015PlacingAgreement”),pursuanttowhichtheJun2015PlacingAgentagreedtoprocuretheplacee(s)whoandwhoserespectiveultimatebeneficialowner(s)shallbethirdpartiesindependentof,andnotconnectedwith theCompany, its connectedpersonsand their respectiveassociates (eachwithin themeaningoftheGEMListingRules),onabestendeavourbasis,tosubscribefortheJun2015NotestobeissuedbytheCompanyinanaggregateprincipalamountofuptoHK$30,000,000maturingonthesecondanniversaryoftheissuedateoftheJun2015Notesattheplacingpriceequalto100%oftheprincipalamountoftheJun2015Notes(“Jun2015Placing”).

Theplacingperiod for theJun2015Placingshall last foraperiodcommencingon thedayimmediatelyfollowingthedateoftheJun2015PlacingAgreementandupto(andincluding)thedate fallingon the15thdayof the sixthmonthafter thedateof the Jun2015PlacingAgreement.

On3August2015,theCompanyandtheJun2015PlacingAgententeredintoasupplementalplacingagreement(“SupplementalPlacingAgreement”),pursuanttowhichtheCompanyandtheJun2015PlacingAgentagreedtoamendthedateofclosing(s)forthesubscriptionoftheJun 2015Notes. Under the Jun 2015 Placing Agreement (as supplemented by theSupplementalPlacingAgreement),subjecttothefulfilmentoftheconditionsprecedenttothesubscriptionandprovidedthattheJun2015PlacingAgenthasprocuredtheplacee(s)fortheJun2015Notes, theJun2015PlacingAgent isentitled to issuea7-daypriornotice to theCompanyspecifying,amongothermatters,theproposeddateofclosing(s)(whichshallbethe1stbusinessdayorthe15thday(ifthisisnotabusinessday,thenextbusinessdaythereafter)oftherelevantcalendarmonth).

As at 30 September 2015, the Jun 2015Notes in an aggregate principal amount ofHK$17,500,000were issued tocertain subscriberswhosubscribed for the Jun2015Notesduringtheperiodfrom27June2015to7September2015.Atthedateofthisannouncement,thenetproceeds(afterdeductionofcommissiontoJun2015PlacingAgentandotherexpensesof theJun2015Placing)ofapproximatelyHK$9,900,000wereused forpayingpartof thedeposit of the acquisition of 14.677%of the issue share capital ofBoomMax, and ofapproximatelyHK$6,565,000wereusedfortheinvestmentinlistedsecurities.DetailsoftheissueoftheJun2015NotesaresetoutintheCompany’sannouncementsdated26June2015,3August2015,17August2015,1September2015and15September2015.

–32–

Issue of the Aug 2015 Notes in an aggregate principal amount of up to HK$300,000,000

On20August2015,theCompanyasissuerandJunYangSecuritiesCompanyLimitedasAug2015PlacingAgententeredintotheAug2015PlacingAgreement.Pleaserefertonote17(d)tothecondensedconsolidatedfinancialstatementsforfurtherdetails.

As at 30 September 2015, theAug 2015Notes in an aggregate principal amount ofHK$13,500,000were issued tocertainsubscriberswhosubscribed for theAug2015Notesduring the period from10September 2015 to 22 September 2015.At the date of thisannouncement, the net proceeds of approximatelyHK$12,995,000 (after deduction ofcommission toAug2015PlacingAgentandotherexpensesof theAug2015Placing)wereusedfortheinvestmentinlistedsecurities.DetailsoftheissueoftheAug2015NotesaresetoutintheCompany’sannouncementsdated20August2015and30September2015.

Capital reorganisation and change in board lot size in March 2015

InMarch2015, theCompanycompleted the2015CapitalReorganisationasdescribed in thecircularoftheCompanydated26February2015.

The2015CapitalReorganisationwasapprovedbytheShareholdersbyaspecialresolutionbyaspecialgeneralmeetingoftheCompanyheldon23March2015andbecameeffectiveon24March2015.

Uponthe2015CapitalReorganisationbecomingeffective,theboardlotsizefortradingofthesharesoftheCompanyhasbeenchangedfrom20,000to5,000.

As at the date of this announcement, the issued share capital of the CompanywasHK$9,838,851.3divided into983,885,130 shares ofHK$0.01 each.Details of the2015Capital Reorganisation and change of board lot size are disclosed in theCompany’sannouncementsdated2February2015,17February2015and23March2015,theCompany’scircular dated26February2015 andnote14(a) to the condensed consolidated financialstatements.

Issue of Tranche II Performance Shares in June 2015

For thedetailsof issueofTranche IIPerformanceShares,please refer tonote14(b) to thecondensedconsolidatedfinancialstatements.

Gearing ratio

Asat30September2015,thetotalassetsoftheGroupwereapproximatelyHK$1,360,897,000(asat31December2014:HK$942,389,000),whereasthetotalliabilitieswereapproximatelyHK$303,036,000(asat31December2014:HK$174,513,000).ThegearingratiooftheGroup,calculatedastotalliabilitiesovertotalassets,was22.3%(asat31December2014:18.5%).

Interim dividend

TheBoardhasresolvednottodeclareanyinterimdividendforthePeriod(2014:Nil).

–33–

Charges on the Group’s Assets

Asat30September2015, theGroup’spledgedbankdepositsofapproximatelyUS$80,000,HK$1,009,000 andHK$100,000 (in aggregate, approximatelyHK$1,731,000 (as at 31December2014:HK$1,626,000)) representeddepositspledged tobanks to securebankingfacilitiestotheextentofHK$1,600,000(asat31December2014:HK$1,500,000)grantedtotheGroup.Thedeposits are inUnitedStatesdollars,HongKongdollars andHongKongdollarswithtermsof6months,1monthand1monthrespectivelyandatfixedinterestratesof0.05%perannum,0.5%perannumand0.01%perannumrespectively.

Asat30September2015,theGrouphadpledgedbankdepositofapproximatelyHK$807,000asguaranteedfundatbankfortheVisa/MasterCardmerchantaccountoftheOnlineShoppingBusiness.ThedepositisinHongKongdollarsatafixedinterestrateof0.2%perannum.

As at 30September 2015, theGroup had undrawnbanking facilities of approximatelyHK$1,408,000(asat31December2014:HK$855,000).

Asat30September2015,listedsecuritiesheldbytheGroupwithatotalcarryingamountofapproximatelyHK$55,913,000 (asat31December2014:HK$42,929,000)wascharged infavourofabrokerage firmascollateral for theGroup’s liabilities in respectof itsmargintradingaccount.Asat30September2015,theGroupdidnotusethecreditlimit.

Foreign exchange exposure

During thePeriod, thebusinessactivitiesof theGroupweremainlydenominated inHongKongdollarsandUnitedStatesdollars.

FollowingthecompletionoftheacquisitionofApperience,UnitedStatesdollarshasbecomethemaincurrency transactedby theGroup.SinceHongKongdollars remainpegged to theUnitedStatesdollarswithinadefined range, theGroup isnot exposed to any significantforeignexchange riskagainst theUnitedStatesdollarsandhasnotentered intoany foreignexchange contract as hedgingmeasures.TheDirectors did not consider theGroupwassignificantlyexposed toany foreigncurrencyexchange risk.Notwithstanding theabove, theGroupmanages its foreigncurrency riskagainstothercurrenciesbycloselymonitoring themovementof the foreigncurrency rates andmayusehedgingderivative, suchas foreigncurrencyforwardcontract,tomanageitsforeigncurrencyriskasappropriate.

Financial risk

TheGroup’savailable-for-sale financialassetsandFVTPLfinancialassetsaremeasuredatfair value at the endof each reportingperiod.Therefore, theGroup is exposed to equitysecuritypriceriskduetothefluctuationoffairvalueofavailable-for-salefinancialassetsandFVTPLfinancialassets.TheDirectors regularly review theexposure to theequitysecuritypriceriskontheavailable-for-salefinancialassetsandFVTPLfinancialassets.

–34–

Operation risk

GMDisaregisteredmemberofthePIBAtocarryoutlongterm(includinglinkedlongterm)Insuranceandgeneralinsurancelinesofbusiness.TheinsuranceandMPFSchemesBrokerageBusinessmay expose theGroup to additional risks, for example, penalty and potentialliabilities.Thisbusiness relieson theGroup’s consultants to carryout the sale function.Although theGrouphasprovidedsuitable training to theconsultantsandadoptedsuitableguidelineandpolicy, theGroupcannot ruleout thepossibility that theconsultants,whoareregisteredwithPIBAastechnicalrepresentativesandengagedbytheGroup,maybeinvolvedin improperconductduring theprocessofnegotiatingandsellingof insuranceproductsand,insomecases,MPFschemes,whichmayexposetheGrouptoliabilities.TheGroupmayalsobeexposedtocomplianceriskas insurancebrokerageisahighlyregulated industry inHongKong.TheGroupwillneed to incuradditionalcosts toensurecompliancewith the relevantrules and regulations.Non-compliancewith such rules and regulationsmay result insignificantpenaltyorotherpotentialliabilitiestotheGroup.

Trendmode Acquisition

On1April2015, theGroupentered into a sale andpurchaseagreement to acquire100%equity interest ofTrendmode. Please refer to the section headed “BusinessReview—InsuranceandMPFSchemesBrokerageBusiness”ofthisannouncementandnote16(a)tothecondensedconsolidatedfinancialstatementsforfurtherdetails.

Acquisition of listed shares and issue of new shares under specific mandate

On31July2015,theGroupenteredintoasaleandpurchaseagreementtoacquire27,298,000issuedordinary sharesofChinaParentingNetworkHoldingsLimited (listedon theStockExchange,stockcode:8361)attheconsiderationofHK$60,000,000whichwillbesatisfiedbytheCompanyby the allotment and issueof146,699,266newshares at the issuepriceofHK$0.409pernewshare.Pleaserefertonotes16(c)and17(b)tothecondensedconsolidatedfinancialstatementsforfurtherdetails.

Property Acquisition and Disposal of Bonus First

On8August2015,BonusFirst,currentlyawholly-ownedsubsidiaryoftheCompany,enteredintoaprovisionalsaleandpurchaseagreementinrespectofthepurchaseofacommercialunitinCentral,HongKong at a consideration of approximatelyHK$54,000,000 (“PropertyAcquisition”).CompletionofthePropertyAcquisitiontookplace30September2015.

On6October2015, theCompanyenteredintoasaleandpurchaseagreementinrespectof theDisposalofBonusFirst.Thedisposal representsanopportunity for theGroup to realise itsinvestmentinBonusFirst,andtherebyutilisesuchfinancialresourcesforfinancingotherfuturepotential investmentopportunitiesand/orworkingcapitalof theGroup.Asat thedateof thisannouncement,completionoftheDisposalofBonusFirsthasnotyettakenplace.Pleaserefertonote17(e)tothecondensedconsolidatedfinancialstatementsforfurtherdetails.

–35–

Material acquisitions and disposals

Apartfromthosedisclosedinthesectionsheaded“BusinessReview”,“TrendmodeAcquisition”,“Acquisitionof listedsharesand issueofnewsharesunderspecificmandate”and“PropertyAcquisitionandDisposalofBonusFirst” in thisannouncement, theGrouphadnomaterialacquisitionordisposalduringthePeriod.

Employees and remuneration policies

Asat30September2015, theGrouphadapproximately119employees (asat31December2014: 111 employees) inHongKong and thePRC.TheGroup’s remunerationpolicy isreviewedperiodicallyanddeterminedby reference tomarket terms,companyperformance,individualqualificationsandperformance,andinaccordancewith thestatutoryrequirementsoftherespectivejurisdictionwheretheemployeesareengaged.

Contingent liabilities

Asat30September2015, theGroupdidnothaveanysignificantcontingent liabilities(asat31December2014:Nil).

Capital commitments

As at 30 September 2015, the capital commitments contributed but not provided foracquisitionofsubsidiaries,acquisitionofavailable-for-sale financialassetsanddevelopmentcostsofintangibleassetswereapproximatelyHK$286,900,000(asat31December2014:fordevelopmentcosts for intangibleassetsofapproximatelyHK$21,715,000).Please refer tonote16tothecondensedconsolidatedfinancialstatementsfordetails.

OUTLOOK

In the lastquarterof2015, theSoftwareBusiness isexpected tocontinuallybeoneof thepillarbusinessesoftheGroup.DuringthePeriod,theGroupcontinuedtoleadthepeersinI.T.fieldofpersonal computers, anti-virus softwareandmobileapplications leveragingon itsstrong foundation, including extensive experience in softwaremarket, teamof talentedprofessionalsandbroadcustomerbaseoftheApperienceGroup.WiththeApperienceGroup’sstrong financialperformanceduring thePeriod, theBoard firmlybelieves in itsbusinessprospect and expects revenue from theApperienceGroupwill continue to contributesignificantlytotheGroup’sincome.

During the Period, the further diversification of products and services portfolio anddevelopmentofnewsalesteamsforthepromotionofitsservicesandproductswerebeginningtoyieldpositiveresultsintheInsuranceandMPFSchemesBrokerageBusiness.TheBoardisoptimisticinthemarketprospectandtheGroup’sbusinessdevelopment.

–36–

As to theMoneyLendingBusiness,acquisitionof51%of the issuedsharecapitalofGEOFinanceLimitedhasenabledtheGrouptoofferanewtypeofproductstoitscustomers.Apartfromsecuredand/orunsecured loans, theGroup intends to furtherdevelop themarketofsubordinatepropertymortgage loan.During thePeriod, theGroupcompleted reviewing theappropriatenessandefficiencyof internalcontrolproceduresofGEOFinanceLimitedandupdatingitsinternalcontrolproceduresasneeded.

In thenear future, theGroupwill continue to strengthen theMoneyLendingBusinessbybroadening the customerbase toboth individual and corporate customers.As theGroupforesees a strongpotential of themortgage refinancingdrivenbycontinuingdemand forlandedproperty, theGroupwill focusonprovidingservices includingsubordinatepropertymortgageloanandtheGroupexpectsasatisfactoryreturnfromsuchbusiness.

Looking ahead, theGroupwill spare no effort in seeking investmentswith the viewofgeneratingpositiveimpactsandprofittoincreaseitsShareholders’value.

OTHER INFORMATION

DEALINGS FOR SECURITIES TRANSACTIONS BY DIRECTORS

TheCompanyhas adoptedRules5.48 to5.67of theGEMListingRules as the requiredstandardofdealings in respect toanydealings in theCompany’ssecuritiesby theDirectors.Generalandspecificenquirieshavebeenmade toallDirectorsand theyallconfirmed theyhadcompliedwiththesaidGEMListingRulesduringthePeriod.

DIRECTORS’ INTERESTS IN CONTRACT OR ARRANGEMENTS

Acopyright licence agreement (“NewCopyrightLicenceAgreement”)was entered intoamongBothTalent InternationalLimited (“BothTalent”), a subsidiaryofApperience, aslicensee,ChengduAOBI InformationTechnologyCo.,Ltd. (“PRCCompany”),as licensor,andApperienceon1July2014pursuanttowhichthePRCCompanygrantedBothTalentanexclusive licence touse thecopyrightof“AdvancedSystemCare” registered in thenameofthePRCCompany in thePRC for aperiod from thedateof theNewCopyrightLicenceAgreementtothelaterof(i)thecompletionofregistrationoftheassignmentofthecopyrighttoBothTalentinChina;and(ii)thecompletionofregistrationofthecopyrightof“AdvancedSystemCare” in thenameofBothTalent in theUnitedStatesaspartof theGroup’s internalreorganisation.Mr.XueQiushi(anexecutiveDirector)(“Mr.Xue”) is interestedthroughhisshareholdinginthePRCCompany.SuchtransactiondoesnotconstitutenotifiabletransactionunderChapter19oftheGEMListingRulesandisfullyexemptfromtherequirementsunderChapter20oftheGEMListingRules.

–37–

Aconditionalsaleandpurchaseagreementdated13August2015(asvariedandsupplementedby a supplemental agreementdated16September2015) (“AcquisitionAgreement”)wasentered into among theCompany, thevendors and thewarrantors in relation to sale andpurchase of an aggregate of 14.677%of the issued share capital ofBoomMax,whichacquisitionwouldbe conditional upon, amongother conditions, theRestructuring.SuchacquisitionconstitutesamajortransactionfortheCompanyundertheGEMListingRulesandis subject to thenotification, announcement and shareholders’ approval requirementsofChapter19of theGEMListingRules.Mr.Xue,beingoneof thewarrantors, is interestedasoneofthevendorsAceSourceInternationalLimitediswhollyandbeneficiallyownedbyhim.DetailsoftheacquisitionaresetoutintheCompany’sannouncementsdated13August2015,16September2015,16October2015and6November2015.

Save for theNewCopyright LicenceAgreement, theAcquisitionAgreement and theRestructuring, noneof theDirectors is orwasmaterially interested,whether directlyorindirectly,inanycontractofsignificanceorarrangementsubsistingduringorattheendofthePeriodwhichissignificantinrelationtothebusinessoftheGroup,norhadanyDirectorhadanydirector indirect interests inanyassetswhichhavebeenacquiredordisposedofbyorleased to,orareproposed tobeacquiredordisposedofbyor leased to,anymemberof theGroupattheendofthePeriodoratanytimeduringthePeriod.

–38–

DIRECTORS’ AND CHIEF EXECUTIVE’S INTERESTS OR SHORT POSITIONS IN THE SHARES, UNDERLYING SHARES OR DEBENTURES OF THE COMPANY OR ANY ASSOCIATED CORPORATIONS

Asat 30September 2015, the interests or short positionsof theDirectors and the chiefexecutiveof theCompany in theshares,underlyingsharesordebenturesof theCompanyoranyof its associated corporations (within themeaningofPartXVof theSecurities andFuturesOrdinance (“SFO”),Chapter 571of the lawsofHongKong) as recorded in theregister required to be kept under section 352 of theSFO, or otherwise notified to theCompanyandtheStockExchangepursuant to therequiredstandardofdealingsbyDirectorsasreferredtoinRule5.46oftheGEMListingRules,wereasfollows:

Long positions in ordinary shares and underlying shares of the Company

Name of Director Capacity

Number of shares/underlying shares

of the Companyheld

Approximatepercentage of

the total issuedshare capital

of the Company(Note 1)

XueQiushi Interestofacontrolledcorporation andinterestsdeemedundersections 317(1)(a)and318oftheSFO

524,677,156(Note 2)

62.67%

KuangHaoKun Giovanni(“Mr.Kuang”)

Beneficial owner 6,155,000(Note 3)

0.74%

Notes:

1. Thetotalnumberofthe837,185,864sharesoftheCompanyinissueasat30September2015hasbeenusedforthecalculationoftheapproximatepercentage.

2. SuchshareswereheldbyAceSourceInternationalLimited(“AceSource”).AceSourcewasinterestedin296,710,183 shares/underlying shares in the capacity of the beneficial owner andwasdeemed to beinterested in227,966,973shares/underlyingshares inaccordancewithsections317(1)(a)and318of theSFO.Mr.XuewasdeemedtobeinterestedinallthesharesoftheCompanyheldbyAceSourceunderPartXVof theSFOgiven thatMr.Xue isbeneficially interested in100%of the issuedsharecapitalofAceSource.Amongthese524,677,156shares/underlyingshares,250,693,999ofwhichwereunderlyingshareswithanexerciseperiodfrom31December2015to31December2017atanexercisepriceofHK$0.3pershare.

3. On2July2015,theCompanygranted6,155,000shareoptionstoMr.Kuang.

–39–

Long positions in shares of associated corporation of the Company

Name of Director

Name of theassociatedcorporation

Capacity in whichthe shares are held

Number ofshares

Approximatepercentage ofthe associatedcorporation’s

issuedshare capital

XueQiushi ApperienceCorporation Interestinacontrolled corporation(Note)

3,882,391 18.79%

Note: AceSourceiswhollyandbeneficiallyownedbyMr.Xue.Assuch,Mr.Xueisdeemedtobeinterestedinall thesharesheldbyAceSource inApperience (beinganassociatedcorporationof theCompany)pursuanttoPartXVoftheSFO.

Saveasdisclosedabove,asat30September2015,noneof theDirectorsnorchiefexecutiveof theCompanyhadorwasdeemed tohaveany interestsor shortpositions in the shares,underlyingsharesanddebentureoftheCompanyoranyofitsassociatedcorporations(withinthemeaningofPartXVof theSFO)as recorded in the register required tobekeptundersection 352of theSFO, or otherwise notified to theCompany and theStockExchangepursuanttotherequiredstandardofdealingsbytheDirectorsasreferredtoinRule5.46oftheGEMListingRules.

DIRECTORS’ AND CHIEF EXECUTIVES’ RIGHTS TO ACQUIRE SHARES OR DEBT SECURITIES

Save for theperformancesharesallottedand issuedby theCompany inaccordancewith theterms and conditions of the acquisition agreement in relation to the very substantialacquisitionof50.5%oftheissuedsharecapitalofApperienceinwhichMr.Xueisinterested(throughhisholdingofsharesinAceSource,beingoneofthevendorsofApperience),atnotimeduringthePeriodwastheCompanyoranyofitssubsidiariesapartytoanyarrangementstoenabletheDirectorsandchiefexecutives,theirrespectivespousesorchildrenundertheageof18toacquirebenefitsbymeansofacquisitionofsharesinordebenturesoftheCompanyoranyotherbodycorporate.

SHARE OPTION SCHEME

On24December2007, theshareoptionscheme(“ShareOptionScheme”)wasapprovedbyShareholders inanextraordinarygeneralmeeting.TheShareOptionSchemeis toenable theCompanytograntoptiontoeitherDirectorsoremployeesoftheGroupinordertorecogniseandmotivate theircontribution, toprovide incentivesand tohelp theGroup in retaining itsexistingemployeesand recruitingadditionalqualityemployeessoas toprovide themwithadirecteconomicinterestinattainingthelongtermbusinessobjectivesoftheGroup.

–40–

Uponacceptanceofanoption to subscribe for sharesgrantedpursuant to theShareOptionScheme, theeligibleparticipantshallpayHK$1.00 to theCompanybywayofconsiderationforthegrant.Suchoptionwillbeofferedforacceptanceforaperiodof7daysfromthedateonwhichtheofferismade.Thetotalnumberofsharesissuedandtobeissueduponexerciseof theoptionsgranted toeachparticipantorgrantee (includingexercisedandoutstandingoptions) inany12monthperiodup to thedateofgrantshallnotexceed1%of theshares inuseatthedateofgrant.TheexercisepriceforsharesundertheShareOptionSchememaybedeterminedby theBoardat itsabsolutediscretionbut inanyeventwillnotbe less than thehighestof: (i) theclosingpriceof the sharesas stated in thedailyquotations sheetof theStockExchangeon thedateofgrant,whichmustbea tradingday; (ii) theaverageclosingpriceofthesharesasstatedinthedailyquotationssheetsoftheStockExchangeforthefivetradingdays immediatelypreceding thedateofgrant; (iii) theaverageclosingpriceof thesharesas stated in thedailyquotationsheetsof theStockExchange for the ten tradingdaysimmediatelyprecedingthedateofgrant;and(iv)thenominalvalueoftheshareonthedateofgrant.

On2 July2015, theCompanygranted12,310,000 shareoptions (“Options”).Among theOptionsgranted, (i)Option entitling theholder thereof to subscribe for an aggregateof6,155,000 shareswasgranted toMr.Kuang, the chairmanof theBoardandanexecutiveDirector and (ii)Options entitling the holders thereof to subscribe for an aggregate of6,155,000sharesweregrantedtotwodirectorsofsubsidiariesoftheCompany(oneofwhomisalsothecompanysecretaryandfinancialcontrolleroftheCompany).

Thegrantof theOption toMr.Kuanghasbeen reviewedandapprovedby the independentnon-executiveDirectorsinaccordancewithRule23.04(1)oftheGEMListingRules.

Thedetailsof theOptionsgrantedby theCompanyhavebeendisclosed in theCompany’sannouncementdated2July2015.

–41–

Detailsof themovements in theOptionsgrantedunder theShareOptionSchemeduring thePeriodareasfollow:

Date of grant Grantees Exercise period

Exerciseprice

per Share

Outstandingas at

1 January2015

Grantedduring the

Period

Cancelled/exercised

duringthe Period

Lapsedduring

the Period

Outstandingas at

30 September2015

2July2015 Mr.Kuang 15July2015to 14July2018

HK$0.551 – 6,155,000 – – 6,155,000

2July2015 Twodirectorsof subsidiariesof theCompany

15July2015to 14July2018

HK$0.551 – 6,155,000 – – 6,155,000

Total – 12,310,000 – – 12,310,000

Asat thedateof thisannouncement, the totalnumberofsharesavailablefor issueunder theShareOptionSchemeundertheexisting10%limitis4,052.

INTERESTS DISCLOSEABLE UNDER THE SFO AND SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS INTEREST IN SECURITIES

Substantial shareholders

Asat30September2015, the followingpersons (other thanDirectorsorchiefexecutivesoftheCompany)had,orweredeemedortakentohaveinterestsorshortpositionsinthesharesorunderlyingsharesoftheCompanywhichwouldfalltobedisclosedtotheCompanyandtheStockExchangeunder theprovisionsofDivisions2and3ofPartXVof theSFOor,whichwererecordedintheregisterrequiredtobekeptbytheCompanyunderSection336ofSFO:

Long positions in ordinary shares of the Company

Shareholders CapacityNumber ofshares held


the total issuedshare capital of

the Company(Note 1) (Note 2) Note

DX.comHoldingsLimited Beneficialowner 74,418,600(L) 8.89%

ChinaNewEconomyFundLimited Beneficialowner 146,699,266(L) 17.52%

FastekInvestmentsLimited (“Fastek”)

Beneficialowner 118,600,000(L) 14.17% (3)

–42–

Shareholders CapacityNumber ofshares held


the total issuedshare capital of

the Company(Note 1) (Note 2) Note

RosyLaneInvestmentsLimited (“RosyLane”)

Interestofacontrolled corporation

159,560,788(L) 19.06% (3)

HongKongEducation(Int’l) InvestmentsLimited (“HKEDUINTL”)


159,560,788(L) 19.06% (3)

AccessMagicLimited (“AccessMagic”)

Beneficialownerand interestsdeemed undersections 317(1)(a)and318 oftheSFO

524,677,156(L) 62.67% (4)

DongYuguo(“Mr.Dong”) Interestofacontrolled corporationand interestsdeemedunder sections317(1)(a)and 318oftheSFO

524,677,156(L) 62.67% (4), (5)

AceSourceInternational Limited(“AceSource”)

Beneficialownerand interestsdeemed undersections 317(1)(a)and318 oftheSFO

524,677,156(L) 62.67% (6)

TencentHoldingsLimited (“Tencent”)

Interestofacontrolled corporationand interestsdeemedunder sections317(1)(a)and 318oftheSFO

524,677,156(L) 62.67% (7)

MIHTCHoldingsLimited (“MIHTCHoldings”)


524,677,156(L) 62.67% (7), (8)

NaspersLimited(“Naspers”) Interestofacontrolled corporation

524,677,156(L) 62.67% (7), (8),(9)

Notes:

1. Theletter“L”denotesalongpositioninthesharesoftheCompany.

2. Thetotalnumberofthe837,185,864sharesoftheCompanyinissueasat30September2015hasbeenusedforthecalculationoftheapproximatepercentage.

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3. WiseActionLimited (“WiseAction”)andFastekarewhollyandbeneficiallyownedbyRosyLane.RosyLane iswholly-ownedbyHKEDU INTL.EachofHKEDU INTLandRosyLanewasdeemed tobeinterestedinthe40,960,788sharesand118,600,000sharesoftheCompanyheldbyWiseActionandFastekrespectivelypursuanttoPartXVoftheSFO.

4. AccessMagicwas interested in176,099,398 shares/underlying shares in thecapacityas thebeneficialownerandwasdeemedtobeinterestedin348,577,758shares/underlyingsharesinaccordancewithsections317(1)(a)and318oftheSFO.

5. AccessMagiciswhollyandbeneficiallyownedbyMr.Dong,adirectorofasubsidiaryoftheCompany.Assuch,Mr.Dongwasdeemed tobe interested inall the shares/underlying sharesheldbyAccessMagicpursuanttoPartXVoftheSFO.

6. AceSourcewasinterestedin296,710,183shares/underlyingsharesinthecapacityasthebeneficialownerandwasdeemed tobe interested in227,966,973 shares/underlying shares in accordancewith sections317(1)(a)and318oftheSFO.AceSourceiswhollyandbeneficiallyownedbyMr.Xue.Assuch,Mr.Xuewasdeemedtobeinterestedinalltheshares/underlyingsharesheldbyAceSource.Mr.XueisadirectorofAceSource.

7. Basedon the corporate substantial shareholdernotice filedbyTencenton13October2015,THLA1Limited (‘‘THL’’) iswhollyownedbyTencentandas such,Tencentwasdeemed tobe interested inall524,677,156shares/underlyingsharesheldby itscontrolledcorporationTHLpursuant toPartXVof theSFO.THLhadadirectinterestof698,553shares/underlyingsharesandanindirectinterestof523,978,603shares/underlyingshares.

8. BasedonthecorporatesubstantialshareholdernoticefiledbyMIHTCHoldingson19October2015,THLiswhollyownedbyTencent andTencent is 33.52%ownedbyMIHTCHoldings.As such,MIHTCHoldingswasdeemedtobeinterestedinallthe524,677,156shares/underlyingsharesheldbyitscontrolledcorporationsTHLandTencentpursuanttoPartXVoftheSFO.

9. BasedonthecorporatesubstantialshareholdernoticefiledbyNasperson19October2015,THLiswhollyownedbyTencent,Tencent is33.52%ownedbyMIHTCHoldings,whichis in turn90%ownedbyMIH(Mauritius)Limited (‘‘MIHMauritius’’).MIHMauritius iswhollyownedbyMIHMingHeHoldingsLimited(‘‘MIHMingHe’’),whichisinturnwhollyownedbyMIHHoldingsProprietaryLimited(‘‘MIHProprietary’’).MIHProprietaryiswhollyownedbyNaspers.Basedontheaboverelationship,eachofMIHMauritius,MIHMingHe,MIHProprietaryandNasperswasdeemedtobeinterestedinallthe524,677,156shares/underlyingsharesheldbyitscontrolledcorporationspursuanttoPartXVoftheSFO.

10. PursuanttothetermsandconditionsofthesaleandpurchaseagreemententeredintobetweentheCompanyaspurchaser,AccessMagic (a companywhollyownedbyMr.Dong),AceSource (a companywhollyownedbyMr.Xue),WealthyHopeLimited(acompanywhollyownedbyMr.ChenLiang)andWellPeaceGlobalLimited (acompanywhollyownedbyMr.LianMing)asvendors,andMr.Dong,Mr.Xue,Mr.ChenLiangandMr.LianMingaswarrantors (as supplementedandvariedbya supplementalagreementdated16September2015madebythesameparties) inrelationtotheproposedacquisitionof14.677%oftheissuedsharecapitalofBoomMaxInternationalLimited(“BoomMaxAcquisitionAgreement”),anon-wholly-ownedsubsidiaryof theCompany,eachofWealthyHopeLimitedandWellPeaceGlobalLimitedwouldhaveanotifiableinterest(withinthemeaningoftheSFO)intheCompany.TakingintoaccountthesharesoftheCompanywhichmayfalltobeallottedandissuedtoAccessMagicandWealthyHopeLimitedpursuanttotheBoomMaxAcquisitionAgreement,eachofWealthyHopeLimitedandWellPeaceGlobalLimitedshouldbeinterestedin524,677,156sharesoftheCompany(inthecapacityofbeneficialownerandinterestsdeemedundersections317(1)(a)and318oftheSFO)andsuchsharesrepresented62.67%oftheissuedsharecapitalof theCompanyasat30September2015.Byvirtueof the relationshipbetween (i)WealthyHopeLimitedandMr.ChenLiang;and (ii)WellPeaceGlobalLimitedandMr.LianMingasdescribedabove,Mr.ChenLiang (in thecapacityas interest inacontrolledcorporation) isdeemed tobeinterestedinwhichWealthyHopeLimitedisinterestedandMr.LianMing(inthecapacityasinterestinacontrolledcorporation)isdeemedtobeinterestedinwhichWellPeaceLimitedisinterested.

–44–

Save as disclosed above, theDirectorswere not aware of any other person (other thanDirectorsor chief executiveof theCompany)who, as at30September2015,hadorwasdeemedtohaveinterestsorshortpositionsinthesharesorunderlyingsharesoftheCompany,whichwouldfalltobedisclosedtotheCompanyandtheStockExchangeundertheprovisionsofDivisions2and3ofPartXVoftheSFOor,whichwererecordedintheregisterrequiredtobekeptbytheCompanyunderSection336oftheSFO.

APPOINTMENT AND RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr.LamKitSun resignedasan independentnon-executiveDirector, thechairmanof theRemunerationCommittee and amember of theAuditCommittee and theNominationCommittee of theCompanywith effect from 23April 2015 due to his other businesscommitmentswhich requiremoreofhis time.ProfessorChuiTsanKitwasappointedasanindependentnon-executiveDirector, the chairmanof theRemunerationCommittee andamemberof theAuditCommitteeandtheNominationCommitteeof theCompanywitheffectfrom23April2015andhisbiographicaldetailsaresetout in theCompany’sannouncementdated23April2015.

Mr.YipChiFaiStevensresignedasanindependentnon-executiveDirector, thechairmanoftheAuditCommittee andamemberof theRemunerationCommittee and theNominationCommitteeof theCompanywitheffect from1September2015due tohisotherbusinesscommitmentswhichrequiremoreofhistime.ProfessorLeeT.S.,alias,LeeTien-sheng,wasappointed as an independent non-executiveDirector, the chairmanof theRemunerationCommittee andamemberof theAuditCommittee and theNominationCommitteeof theCompanywitheffect from1September2015andhisbiographicaldetailsare setout in theCompany’s announcement dated 1 September 2015. ProfessorChui TsanKitwas re-designated as the chairmanof theAuditCommittee and amemberof theRemunerationCommitteewitheffectfrom1September2015.

PURCHASE, SALE OR REDEMPTION OF SHARES

Neither theCompany,nor anyof its subsidiariespurchased, soldor redeemedanyof theCompany’slistedsecuritiesduringthePeriod.

COMPETING INTEREST

NoneoftheDirectors,northeirrespectivecloseassociates(asdefinedundertheGEMListingRules)hadanyinterestinabusiness,apartfromthebusinessoftheGroup,whichcompetesoris likely tocompete,eitherdirectlyor indirectly,with thebusinessof theGroupduring thePeriod.

CORPORATE GOVERNANCE

DuringthePeriod,theCompanycompliedwiththecodeprovisionssetoutinAppendix15totheGEMListingRules.

–45–

AUDIT COMMITTEE

TheCompanyestablishedanAuditCommitteewithwrittentermsofreferenceinaccordancewithRules5.28to5.33oftheGEMListingRules.TheAuditCommitteecurrentlycomprisesthethreeindependentnon-executiveDirectors,namely,Ms.XiaoYiming,ProfessorLeeT.S.andProfessorChuiTsanKit(thechairmanoftheAuditCommittee).TheAuditCommittee’sprincipaldutiesaretoreviewandsupervisethefinancialreportingprocessandinternalcontrolproceduresoftheGroup.

TheGroup’sunauditedconsolidated results for thePeriodhavebeen reviewedby theAuditCommittee.

SUFFICIENCY OF PUBLIC FLOAT

BasedontheinformationthatispubliclyavailabletotheCompanyandwithintheknowledgeoftheDirectors,asatthedateofthisannouncement,theCompanymaintainedtheprescribedpublicfloatundertheGEMListingRules.

OnbehalfoftheBoard,IwouldliketotakethisopportunitytoexpressmysinceregratitudetoallshareholdersfortheirsupporttotheCompany.

OnbehalfoftheBoardGET Holdings Limited

Kuang Hao Kun GiovanniChairman

12November2015

As at the date of this announcement, the Board consists of two executive Directors, namely Mr. Kuang Hao Kun Giovanni and Mr. Xue Qiushi; and three independent non-executive Directors, namely Professor Lee T.S., Ms. Xiao Yiming and Professor Chui Tsan Kit.

This announcement will remain on the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the date of its publication and on the website of the Company at www.geth.com.hk.

third quarterly results announcement for the nine …€¦ · the greater risk profile and other...

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