Prosperous Future Holdings Ltd. Stock List: 1259.hk

Chief Executive Officer’s Statement

Dear Shareholders,

 

On behalf of the board (the “Board”) of directors (the “Director(s)”) of Prosperous Future Holdings Limited (the “Company”, together with its subsidiaries, the “Group”, stock code: 1259.HK), I would like to extend my sincere gratitude to all shareholders and all sectors of the community for your constant support, and present the financial results and operating performance of the Group for the year ended 31 December 2022 (the “Reporting Period”) to the shareholders.

 

During the Reporting Period, the Group disposed certain subsidiaries that were engaged in manufacturing and sale of personal care products, compliance advisory services as well as finance leasing and factoring, which have been presented as discontinued operations in the consolidated financial statements. The revenue of the Group’s continuing operations was approximately HK$509.4 million, representing a decrease of approximately 15.5% from HK$602.7 million for the year ended 31 December 2021. Loss attributable to equity holders of the Company amounted to approximately HK$88.9 million as compared to loss of HK$104.9 million for the corresponding period in 2021; basic loss per share attributable to equity holders of the Company was HK$3.9 cents as compared to basic loss per share of HK$5.1 cents for the corresponding period in 2021.

 

Looking forward in 2023, the Group will adhere to its strategy of strengthening and diversifying its business portfolio in a sustainable manner. In light of the slow recovery following the prolonged outbreak of the COVID-19 pandemic, the on-going geopolitical conflicts and rising global inflation, the Group will continue to evaluate its existing businesses’ performance and to adopt a prudent approach for the development of its businesses, including provision of food and beverage services, provision of financial business, properties holding, provision of temperature-controlled storage and ancillary services and investment holding. With Hong Kong’s unique advantage as serving a bridge for businesses between China and the rest of the world, the Group will keep on exploring opportunities to further expand its investments in financial business.

 

On behalf of the Board, I would like to take this opportunity to express my gratitude to all of our employees and the management for their hard work and contribution in the past year. I would also like to extend my appreciation again to all our shareholders for your support, as well as your kind understanding and recognition of the Group’s future development plan.

 
Prosperous Future Holdings Limited
Mr. Lau Ka Ho
Chief Executive Officer



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