CORPORATE INFORMATION

公司资料

DIRECTORS AND BOARD COMMITTEES

Directors

Executive Directors

Chan Koung Nam

Chan Kwong Yin William (Chairman)

Tse Pui To (Chief Executive Officer)

Chan Siu Ching

Independent Non-executive Directors

Chu Yat Pang Terry

Cheung Kok Cheong

Wong Kai Man

BOARD COMMITTEES

Audit Committee

Chu Yat Pang Terry (Chairman)

Cheung Kok Cheong

Wong Kai Man

Remuneration Committee

Chu Yat Pang Terry (Chairman)

Chan Koung Nam

Cheung Kok Cheong

Nomination Committee

Chan Kwong Yin William (Chairman)

Chu Yat Pang Terry

Cheung Kok Cheong

COMPANY SECRETARY

Hui Chun Ho Eric

REGISTERED OFFICE

Cricket Square, Hutchins Drive

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

HEADQUARTERS AND

PRINCIPAL PLACE OF BUSINESS

Unit 3410, 34th Floor,

Tower II Lippo Centre

89 Queensway

Admiralty

Hong Kong

董事及董事委员会

董事

执行董事

陈光南

陈光贤（主席）

谢培道（行政总裁）

陈小菁

独立非执行董事

朱逸鹏

张国昌

Wong Kai Man

董事委员会

审核委员会

朱逸鹏（主席）

张国昌

Wong Kai Man

薪酬委员会

朱逸鹏（主席）

陈光南

张国昌

提名委员会

陈光贤（主席）

朱逸鹏

张国昌

公司秘书

许俊浩

注册办事处

Cricket Square, Hutchins Drive

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

总部及

主要营业地点

香港

金钟

金钟道89号

力宝中心二座

34楼3410室

香港信贷集团有限公司

2025 年报

CORPORATE INFORMATION

公司资料

PRINCIPAL BANKERS

DBS Bank (Hong Kong) Limited

Bank of China (Hong Kong) Limited

LEGAL ADVISORS

As to Hong Kong law:

Cheung & Choy Solicitors & Notaries

As to Cayman Islands law:

Conyers Dill & Pearman (Cayman) Limited

AUDITOR

PricewaterhouseCoopers

Certified Public Accountants

Registered Public Interest Entity Auditor

PRINCIPAL SHARE REGISTRAR AND

TRANSFER OFFICE IN CAYMAN ISLANDS

Conyers Trust Company (Cayman) Limited

Cricket Square, Hutchins Drive

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

BRANCH SHARE REGISTRAR AND

TRANSFER OFFICE IN HONG KONG

Union Registrars Limited

Suites 3301-04, 33/F.

Two Chinachem Exchange Square

338 King’s Road

North Point, Hong Kong

STOCK CODE

COMPANY’S WEBSITE

www.hkfinance.hk

主要往来银行

星展银行（香港）有限公司

中国银行（香港）有限公司

法律顾问

香港法律方面：

张世文蔡敏律师事务所

开曼群岛法律方面：

Conyers Dill & Pearman (Cayman) Limited

核数师

罗兵咸永道会计师事务所

执业会计师

注册公众利益实体核数师

开曼群岛股份登记及

过户总处

Conyers Trust Company (Cayman) Limited

Cricket Square, Hutchins Drive

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

香港股份过户登记分处

联合证券登记有限公司

香港北角

英皇道338号

华懋交易广场2期

33楼3301-04室

股份代号

公司网址

www.hkfinance.hk

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

BUSINESS REVIEW AND INDUSTRY OVERVIEW

Our Group primarily operates in the money lending sector, specialising in

providing loans to property owners in Hong Kong under the MLO. Our core

business revolves in secured property mortgage loans. We also diversify our

services by providing unsecured property owner loans products to property

owners, aiming to expand our presence in various money lending market

segments and enhance our overall interest margin. We offer our loan products

under our widely recognised brand name “Hong Kong Finance”.

During the current year, the economic landscape was marked by significant

challenges and complexities. Although the Hong Kong Government has

fully removed property market cooling measures, the anticipated stimulative

effects on property prices and transaction volumes have yet to materialize.

Both the local residential and commercial property markets have remained

stagnant, with prices and trading volumes persisting at low levels. Despite

a decline in global interest rates during the second half of the financial

year, rates remained relatively high, thereby dampening investment and

consumption demand worldwide. Additionally, the new U.S. president

threatening to impose further trade tariffs have contributed to heightened

instability in the global market. These adverse conditions have hindered

market recovery, resulting in persistently weak property sentiment and no

significant improvement in prices or transaction volumes throughout the

current year.

In light of these prevailing economic uncertainties and substantial challenges

encountered, we have consistently adhered to prudent and cautious

strategies in our operational endeavours. These strategies encompassed

the enforcement of rigorous credit policies, the maintenance of stringent

control over loan-to-value ratios, and the implementation of various measures

aimed at safeguarding the quality of our loan portfolio and fostering stable

interest income throughout the current year. Vigilant oversight of customer

creditworthiness and repayment capabilities has been a focal point,

prompting swift action to recall loans from individuals identified as posing

heightened default risks.

As a result, our Group’s overall financial performance was steady during the

current year, achieving our Group’s interest income of HK$156.3 million (2024:

HK$158.9 million), and incurring provision for impairment of loans and interest

receivables and repossessed assets of HK$12.5 million (2024: HK$18.0

million). Our profit attributable to our shareholders reached to HK$46.2 million

(2024: HK$42.7 million), representing a growth of 8.2%.

业务回顾及行业概览

本集团主要从事放债业务，根据放债人条例向香

港业主提供贷款。有抵押物业按揭贷款为我们的

核心业务。我们亦向业主提供无抵押业主贷款产

品以多样化我们的服务，旨在扩大我们在不同放

债市场分部之业务及提高整体息差。我们以深入

民心之「香港信贷」品牌提供我们的贷款产品。

本年度的经济环境充满挑战及复杂性。尽管香港

政策已全面取消房地产市场降温措施，但预期对

房地产价格及交易量的刺激效果尚未显现。本地

住宅及商业房地产市场仍停滞不前，价格及交易

量持续处于低水平。尽管于本财政年度下半年全

球出现降息潮，但利率仍相对高企，从而抑制了

全球投资及消费需求。另外，美国新任总统威胁

施加进一步贸易关税亦加剧了全球市场的不稳定

性。该等不利状况阻碍了市场复苏，导致房地产

情绪持续疲弱，价格或交易量于本年度并无显著

改善。

鉴于所面临的普遍经济不明朗因素及重大挑战，

我们在运营中贯彻遵循审慎策略。该等策略涵盖

实施严格信贷政策、维持对按揭成数之严格控

制，以及于本年度所实施旨在保障贷款组合质量

及产生稳定利息收入之各项措施。我们一直注重

严格监督客户信誉及还款能力，迅速采取行动召

回被认定具有更高违约风险的个人贷款。

因此，于本年度，本集团整体财务表现平

稳，利息收入达156,300,000港元（2024年：

158,900,000港元），并产生应收贷款及利息以

及收回资产之减值拨备12,500,000港元（2024

年：18,000,000港元）。我们的股东应占溢利达

46,200,000港元（2024年：42,700,000港元），

增幅为8.2%。

香港信贷集团有限公司

2025 年报

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

Secured property mortgage loans remained the primary revenue source for

our Group, contributing approximately 67.3% to our total revenue for the

current year. Interest income generated from secured property mortgage

loans increased by 0.8% to HK$105.2 million. As of 31 March 2025, our

gross secured property mortgage loan and interest receivables amounted to

HK$606.1 million. For our unsecured property owner loans business, interest

income dipped by 6.2% to HK$51.1 million, accounting for approximately

32.7% of our Group’s revenue for the current year. As of 31 March 2025,

our gross unsecured property owner loans and interest receivables stood at

HK$198.5 million.

FINANCIAL REVIEW

Interest Income

Our Group’s interest income from our money lending business dipped by

HK$2.6 million or 1.6% from HK$158.9 million for the last year to HK$156.3

million for the current year, and such decrease was mainly derived from the

decline in our interest income from our unsecured property owner loans

business.

Interest income from our secured property mortgage loan business increased

by HK$0.8 million or 0.8% from HK$104.4 million for the last year to

HK$105.2 million for the current year, whereas the interest income from our

unsecured property owner loans business decreased by HK$3.4 million or

6.2% from HK$54.5 million for the last year to HK$51.1 million for the current

year.

Interest expenses

We have incurred interest expenses of HK$15.7 million for the current year

(2024: HK$18.9 million), which mainly comprised of interest on interest

bearing bank and other borrowings and amount due to a fellow subsidiary.

During the current year, amidst elevated interest rates and the volatility of the

global market, we persisted in our efforts to deleverage, thereby reducing our

borrowings and overall interest expenses. Our gearing ratio has recorded a

dip and reached to 0.14 for the current year.

Other income

We have recorded other income and gain of HK$1.4 million (2024: HK$1.6

million) during the current year which mainly comprised of rental income from

our investment properties of HK$1.4 million (2024: HK$1.3 million).

有抵押物业按揭贷款仍为本集团之主要收益来

源，占本集团本年度总收益约67.3%。来自

有抵押物业按揭贷款之利息收入增加0.8%至

105,200,000港元。截至2025年3月31日，

我们的应收有抵押物业按揭贷款及利息总额为

606,100,000港元。我们无抵押业主贷款业务之

利息收入减少6.2%至51,100,000港元，占本

集团本年度收益约32.7%。截至2025年3月31

日，我们的应收无抵押业主贷款及利息总额为

198,500,000港元。

财务回顾

利息收入

本集团放债业务所得利息收入由上年度之

158,900,000港元减少2,600,000港元或1.6%

至本年度之156,300,000港元，有关减少乃主要

由于来自无抵押业主贷款业务之利息收入减少。

来自有抵押物业按揭贷款业务之利息收入由

上年度之104,400,000港元增加800,000港元

或0.8%至本年度之105,200,000港元，来自

无抵押业主贷款业务之利息收入则由上年度之

54,500,000港元减少3,400,000港元或6.2%至

本年度之51,100,000港元。

利息开支

我们于本年度产生利息开支15,700,000港元

（2024年：18,900,000港元），主要包括计息银

行及其他借款之利息以及应付一间同系附属公司

款项之利息。于本年度，于加息及全球市场波动

的情况下，我们坚持努力去杠杆化，从而降低了

我们的借款及整体利息开支。于本年度，我们的

资产负债比率下降至0.14。

其他收入

于本年度，我们录得其他收入及收益1,400,000

港元（2024年：1,600,000港元），主要为投

资物业之租金收入1,400,000港元（2024年：

1,300,000港元）。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

Fair value losses on revaluation of investment properties

During the current year, our Group recorded a loss of HK$4.9 million (2024:

HK$4.6 million) on the revaluation of our investment properties, as a result of

the decline of market values of our Group’s investment properties.

Impairment losses on loans and interest receivables and

repossessed assets, net

We have recorded an impairment losses on loans and interest receivables,

and repossessed assets of HK$12.5 million for the current year (2024:

HK$18.0 million).

Below is the breakdown of impairment losses on loans and interest

receivables and repossessed assets incurred from secured property

mortgage loans and unsecured property owner loans during the current year

and the prior year:

Impairment losses on loans

and interest receivables

应收贷款

及利息减值亏损

Impairment losses on

repossessed assets

收回资产减值亏损

The impairment losses on loans and interest receivables and repossessed

assets recognised during the year were assessed in accordance with the

requirements outlined in HKFRS 9.

重估投资物业之公平值亏损

于本年度，本集团录得重估投资物业亏损

4,900,000港元（2024年：4,600,000港元），此

乃由于本集团投资物业市值下跌。

应收贷款及利息以及收回资产减值亏损

净额

我们于本年度录得应收贷款及利息以及收回资产

减值亏损12,500,000港元（2024年：18,000,000

港元）。

以下为本年度及上年度有抵押物业按揭贷款及无

抵押业主贷款所产生应收贷款及利息以及收回资

产减值亏损之明细：

年内确认的应收贷款及利息以及收回资产减值亏

损乃根据香港财务报告准则第9号之规定评估计

算。

Secured property mortgage loans		Unsecured property owner loans
Year ended 31 March		Year ended 31 March
有抵押物业按揭贷款		无抵押业主贷款
截至3月31日止年度		截至3月31日止年度
2025	2024 2024年 HK$’million 百万港元	2025
2025年		2025年
HK$’million		HK$’million
百万港元		百万港元
12.7 0.6
4.6		5.6
2.3		—
13.3
6.9		5.6

香港信贷集团有限公司

2025 年报

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

Due to the deteriorating conditions in the property market during the current

year and an increase in default loans and interest receivables, we have

recorded an impairment losses of HK$10.2 million on loans and interest

receivables, and of HK$2.3 million on repossessed assets, totalling HK$12.5

million during the current year. This represented a 30.6% decrease as

compared to the impairment losses of HK$18.0 million recorded in the last

year.

Given the risk of declining collateral values and increasing in delinquent

payments, the Group has implemented proactive measures to regularly review

customer repayment records and conducted comprehensive assessments

on the related collaterals. We have also reduced the average loan sizes and

shortened the loan tenors during the current year. These measures have been

put in place to effectively manage credit risk. Additionally, prompt legal action

has been taken to recover loans in default, aiming to minimise potential credit

losses, thereby resulting in reduction of provision for impairments during the

current year.

Other operating expenses

We have incurred other operating expenses of HK$67.6 million for the current

year (2024: HK$66.5 million), which mainly comprised of employee benefit

expenses, advertising and marketing expenses, legal and professional fees,

depreciation of property, plant and equipment and other miscellaneous

expenses.

Net interest margin

The net interest margin of our money lending business was maintained at

16.1% for the current year (2024: 16.0%).

Profit and total comprehensive income

As a result of the foregoing, our profit and total comprehensive income

attributable to owners of our Company improved to HK$46.2 million for the

current year as compared to HK$42.7 million for the last year, representing a

growth of 8.2%.

由于本年度房地产市场状况不断恶化及违约贷款

及应收利息增加，我们于本年度已录得应收贷

款及利息减值亏损10,200,000港元、收回资产

减值亏损2,300,000港元，合共12,500,000港

元，较去年所录得的减值亏损18,000,000港元

减少30.6%。

鉴于抵押品价值下跌及拖欠付款增加的风险，本

集团已实施积极措施，定期审阅客户还款记录及

对相关抵押品进行综合评估。我们亦于本年度削

减平均贷款规模及缩短贷款年期。该等措施乃为

有效管理信贷风险。此外，本集团已及时采取法

律行动收回违约贷款，旨在最大程度减少其潜在

信贷亏损，从而导致本年度的减值拨备减少。

其他经营开支

我们于本年度产生其他经营开支67,600,000港

元（2024年：66,500,000港元），主要包括雇员

福利开支、广告及营销开支、法律及专业费用、

物业、厂房及设备折旧，以及其他杂项开支。

净息差

本年度放债业务之净息差维持在16.1%（2024

年：16.0%）。

溢利及全面收入总额

因上文所述，本年度本公司拥有人应占溢利及全

面收入总额增加至46,200,000港元，较上年度

之42,700,000港元增加8.2%。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

LIQUIDITY AND SOURCES OF FINANCIAL RESOURCES

During the current year, our Group’s operations and capital requirements

were financed principally through retained earnings, advances from a fellow

subsidiary, Tin Ching Industrial Company Limited, as well as banks and

other borrowings. Based on our current and anticipated levels of operations,

barring unforeseeable market conditions, our future operations and capital

requirements will be financed through loans from banks or other financial

institutions that are independent third parties, retained earnings and our share

capital. We had no significant commitments for capital expenditure as at 31

Marh 2025.

Our Group recorded net assets, representing the equity of the Group,

amounting to HK$852.0 million as at 31 March 2025 (2024: HK$816.6

million).

As at 31 March 2025, cash and cash equivalents amounted to HK$33.5

million (2024: HK$28.4 million); amount due to a fellow subsidiary amounted

to HK$50.3 million (2024: HK$60.7 million); interest bearing bank and other

borrowings amounted to HK$105.0 million (2024: HK$246.3 million).

During the current year, all interest bearing bank borrowings were repayable

on demand and were secured by our Group’s investment properties, land and

buildings, certain loans and interest receivables, and a corporate guarantee of

our Company. The amount due to a fellow subsidiary was unsecured, interest

bearing at an effective interest rate of 6.8% per annum and repayable on

demand.

During the current year, none of our banking facilities were subject to any

covenants relating to restricting our Group to undertake additional debt or

equity financing. As at 31 March 2025, our unutilised banking facilities and

other unutilised facility available to our Group for drawdown amounted to

HK$209.8 million and HK$149.7 million, respectively.

流动资金及财务资源之来源

于本年度，本集团营运及资金需求主要由保留盈

利、来自一间同系附属公司天晶实业有限公司之

垫款以及银行及其他借款提供资金。根据我们目

前及预期之营运水平，撇除不可预见之市况，我

们未来营运及资金需求将透过向银行或其他金融

机构（均为独立第三方）筹借贷款、保留盈利及股

本提供资金。于2025年3月31日，我们并无重

大资本开支承诺。

本集团于2025年3月31日录得资产净额（即本集

团权益）852,000,000港元（2024年：816,600,000

港元）。

于2025年3月31日，现金及现金等价物为

33,500,000港元（2024年：28,400,000港元）；

应付一间同系附属公司款项为50,300,000港元

（2024年：60,700,000港元）；计息银行及其他借

款为105,000,000港元（2024年：246,300,000港

元）。

于本年度，所有计息银行借款均须按要求偿还，

并由本集团之投资物业、土地及楼宇、若干应收

贷款及利息以及本公司之企业担保作抵押。应付

一间同系附属公司款项为无抵押，按6.8%之实

际年利率计息，并按要求偿还。

于本年度，银行融资概无涉及有关限制本集团

进行额外债务或股本融资之任何契诺。于2025

年3月31日，可供本集团提取之未动用银行融

资及其他未动用融资分别为209,800,000港元及

149,700,000港元。

香港信贷集团有限公司

2025 年报

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

KEY FINANCIAL RATIOS

The following table sets forth the key financial ratios of our Group during the

years ended 31 March 2025 and 2024 respectively:

Gearing ratio

(1)

负债比率

(1)

Net interest margin ratio

(2)

净息差比率

(2)

Return on equity ratio

(3)

股本回报率

(3)

Interest coverage ratio

(4)

利息覆盖率

(4)

Notes:

(1) Gearing ratio was calculated by dividing net debts (being the total interest bearing bank and

other borrowings, amount due to a fellow subsidiary, less cash and cash equivalents) by total

equity as at the respective year-end date.

(2) Net interest margin ratio was calculated by dividing net interest income (being the interest

income net of interest expenses) by the monthly average balance of loan receivables at the

respective year-end date.

(3) Return on equity ratio was calculated by dividing profit and total comprehensive income for year

attributable to owners of the Company by the total equity as at the respective year-end date.

(4) Interest coverage ratio was calculated by dividing operating profit before interest expenses and

income tax expenses (excluding fair value losses on revaluation of investment properties) by the

interest expenses for the corresponding year.

主要财务比率

下表载列本集团分别于截至2025年及2024年3

月31日止年度之主要财务比率：

附注：

（即计息银行及其

他借款总额、应付一间同系附属公司款项减现金及现金

等价物）除以权益总额计算得出。

（即经扣除

利息开支之利息收入）除以应收贷款平均每月结余计算得

出。

(3) 股本回报率按于各年度结算日之本公司拥有人应占年度

溢利及全面收入总额除以权益总额计算得出。

（不包

括重估投资物业之公平值亏损）前经营溢利除以利息开支

计算得出。

As at 31 March
于3月31日
2025
2025年
0.14

For the year ended 31 March
截至3月31日止年度
2025
2025年
16.1%
5.4%
4.9 times 倍

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

SIGNIFICANT INVESTMENTS HELD, MATERIAL ACQUISITIONS

AND DISPOSALS

Our Group did not have any significant investments held, material acquisitions

and disposals of subsidiaries and associated companies during the current

year.

IMPORTANT EVENTS OCCURRED AFTER THE END OF THE

FINANCIAL YEAR

Our Group did not have any important events affecting our Company and our

subsidiaries since the end of the financial year ended 31 March 2025 and up

to the date of this report.

COMPLIANCE WITH ORDINANCES AND REGULATIONS

Our Group is required to and has, at all times, strictly complied with all

relevant laws and regulations. In the opinion of our Directors, in addition to the

Listing Rules, the MLO and the Anti-Money Laundering and Counter-Terrorist

Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (the “AMLO”)

constituted a significant influence on our Group’s money lending business

during the current year.

The MLO is the principal ordinance governing the money lending business

in Hong Kong and the AMLO governs the matters in relation to the money

laundering and terrorist financing our Group may encounter in our money

lending business. Our money lending business has been conducted through

the subsidiaries of our Company. During the current year, we did not receive

any objection from the Registrar of Money Lenders (“Registrar”) nor the

Commissioner of Police regarding the renewal of the money lenders licence.

We have also established policies and procedures to strictly follow the

Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist

Financing Requirements for Licensed Money Lenders issued by the Registrar

for our money lending business operations so as to mitigate the risks of

money laundering and terrorist financing.

To the best of our knowledge, our Group has complied with the MLO and

AMLO in all material aspects, and that our Directors are not aware of any

matters that might come to their attention that our money lenders licence

would be suspended, terminated or would not be renewed in foreseeable

future.

所持有之重大投资、重大收购及出售事

项

于本年度，本集团概无持有任何重大投资，亦无

有关附属公司及联营公司之重大收购及出售事

项。

财政年度结算日后发生之重要事件

自截至2025年3月31日止财政年度结算日起直

至本报告日期，本集团并无其他会影响本公司及

附属公司的重要事件。

遵守条例及规例

本集团须于并已于任何时间严格遵守所有相关法

律及法规。董事认为，除上市规则外，于本年度

放债人条例及香港法例第615章《打击洗钱及恐

怖分子资金筹集条例》（「打击洗钱及恐怖分子资

金筹集条例」）对本集团之放债业务构成重大影

响。

放债人条例为规管香港放债业务之主要条例，而

打击洗钱及恐怖分子资金筹集条例则为监管本集

团于放债业务可能遇到有关洗钱及恐怖分子资金

筹集之事宜。我们的放债业务乃透过本公司之附

属公司进行。于本年度，我们并无就续领放债人

牌照事宜接获放债人注册处处长（「处长」）或警

务处处长发出之任何反对。我们亦就营运放债业

务制定政策及程序，以严格遵循由处长颁布的持

牌放债人遵从打击洗钱及恐怖分子资金筹集规定

的指引，从而减低洗钱及恐怖分子资金筹集的风

险。

据我们所深知，本集团已于各重大方面遵守放债

人条例及打击洗钱及恐怖分子资金筹集条例，而

董事并不知悉任何事宜可导致我们的放债人牌照

于可见将来遭吊销、终止或不获重续。

香港信贷集团有限公司

2025 年报

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

BUSINESS MODEL AND LOAN PORTFOLIOS

Our Group offers two types of loans which include secured property

mortgage loans and unsecured property owners loans.

For secured property mortgage loans, our Group granted secured loans

to customers and held collaterals against loan receivables in the form

of mortgages over properties owned by these customers. All of these

collaterals were located in Hong Kong, of which more than 80% of them

were residential properties and commercial properties. The gross loans and

interest receivables for secured property mortgage loans was accounted for

approximately 75.3% of the entire gross loan and interest receivables of the

Group as at 31 March 2025 (2024: 78.1%). The interest rates of the secured

property mortgage loans ranged from 11% to 34% (2024: 11% to 31%)

which were mainly determined with reference to the quality, type and location

of the collaterals provided by the customers, type of mortgages, loan-to-value

ratios, loan amounts, tenors, customers’ net worth, etc..

For unsecured property owners loans, our Group granted unsecured loans

to customers who were mainly property owners. The gross loans and

interest receivables for unsecured property owners loans was accounted for

approximately 24.7% of the entire loan and interest receivables of the Group

as at 31 March 2025 (2024: 21.9%). The interest rates of the unsecured

property owners loans were matched and charged to customers of differing

risk levels and ranged from 12% to 44% (2024: 12% to 44%) which were

mainly determined with reference to factors such as the size of the loans,

whether the customers were the property owners with credit history and

rating meeting with the Group’s credit policies, whether customers could

provide income proof or other source of income showing their repayment

abilities.

During the current year, our customers comprised individuals and

corporations in Hong Kong and were all independent third parties (within

the meaning of Chapter 14A of the Listing Rules), and were not connected

persons or senior management of our Group.

As at 31 March 2025, our Group had 782 (2024: 736) active accounts, of

which 744 (2024: 690) of them were individual customers and the remaining

of 38 (2024: 46) were corporate customers; and of which 419 (2024: 376) of

them were secured property mortgage loan customers and 363 (2024: 360)

of them were unsecured property owners loans customers.

During the current year, our top five customers (as determined by interest

income generated) accounted for approximately 8.0% (2024: 8.0%) of our

total revenue, and our single largest customer accounted for approximately

2.5% (2024: 1.9%) of our total revenue.

业务模式及贷款组合

本集团提供两类型贷款，即有抵押物业按揭贷款

及无抵押业主贷款。

就有抵押物业按揭贷款而言，本集团向客户发放

抵押贷款并以该等客户所拥有之物业以质押形式

就应收贷款持有抵押品。全部该等抵押品均位于

香港，其中超过80%为住宅物业及商业物业。

于2025年3月31日，应收有抵押物业按揭贷款

的贷款及利息总额占本集团全部应收贷款及利

息总额约75.3%（2024年：78.1%）。有抵押物

业按揭贷款之利率介乎11%至34%（2024年：

11%至31%），主要参考客户提供之抵押品质

素、类型及位置、按揭类型、按揭成数、贷款金

额、年期及客户资产净值等因素而厘定。

就无抵押业主贷款而言，本集团主要向业主客

户发放无抵押贷款。于2025年3月31日，应

收无抵押业主贷款的贷款及利息总额占本集团

全部应收贷款及利息总额约24.7%（2024年：

21.9%）。无抵押业主贷款之利率获匹配并向不

同风险级别的客户收取，利率介乎12%至44%

（2024年：12%至44%），主要参考如贷款规

模、客户是否为拥有符合本集团信贷政策的信贷

记录及评分之业主、客户是否能够提供收入证明

或其他收入来源显示其还款能力之因素而厘定。

于本年度，客户包括于香港之个人及企业，全部

均为独立第三方（定义见上市规则第14A章），且

并非本集团之关连人士或高级管理层。

于2025年3月31日，本集团拥有782名（2024

年：736名）活跃账户，其中744名（2024年：

690名）为个人客户，其余38名（2024年：46

名）为企业客户；及其中419名（2024年：376

名）为有抵押物业按揭贷款客户及363名（2024

年：360名）为无抵押业主贷款客户。

于本年度，五大客户（按所产生利息收入厘定）占

总收益约8.0%（2024年：8.0%），而单一最大

客户则占总收益约2.5%（2024年：1.9%）。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

CREDIT APPROVAL PROCESSES AND CREDIT RISK

ASSESSMENT POLICIES

All information and data provided by our customers, whether they are

individual customers or corporate customers, for our loan applications

are required to undergo credit assessment and approval procedures in

accordance with respective credit risk policies of loan products as approved

by our Board and/or senior management prior to the terms of different loan

products offered to our customers.

Prior to accepting loan application from our customers, our Group must

carry out know-your-customer procedures (“KYC procedures”) to verify

the identities of our customers and assess the credit risk associated with

these customers by using documents, data and information obtained from

reliable and independent sources, such as government and public authorities.

Further, our Group must also assess the risk of money laundering and

terrorist financing associated with our customers in accordance with our

established policy and the AML-CTF Guideline. Furthermore, our Group must

verify the ownership of the properties owned and provided by our customers

as collaterals and review the incumbrances of these properties by checking

the public records from the land register of The Land Registry.

With reference to the application information and the results from the

KYC procedures, our credit team would make recommendations to the

management of respective loan products in terms of approvability, loan

amount, interest rate and tenor. The factors mainly being taken into account

in considering the approval of secured property mortgage loan application

included the quality, type and location of the properties provided by

customers as collaterals, type of mortgages (i.e. first mortgage or second

mortgage), loan-to-value ratios, loan amounts, tenors, customers’ net worth,

etc.. As for considering the approval of unsecured property owner loan

application, in additions to the same factors as mentioned-above for the

secured property mortgage loan products, factors being taken also included

customers’ credit history and rating revealed by independent third-party

credit rating agency, income proof (e.g. salary records, bank statements,

tax assessments, audited financial statements, etc.) and/or other source of

income showing repayment abilities of the customers.

信贷审批程序及信贷风险评估政策

向客户（不论是个人客户或企业客户）提供不同贷

款产品的条款之前，客户就申请贷款而提供的所

有资料及数据均须根据贷款产品的相关信贷风险

政策（已获董事会及╱或高级管理层批准）进行信

贷评估及审批程序。

接受客户的贷款申请前，本集团必须执行了解你

的客户程序（「KYC程序」）以核实客户身份，并

利用来自可靠独立来源（如政府及公共机构）的

文件、数据及资料，评估与该等客户相关的信贷

风险。另外，本集团亦必须根据内部既定政策及

AML-CTF指引，评估与客户相关的洗钱及恐怖

分子资金筹集风险。此外，本集团必须核实由客

户拥有并提供作为抵押品的物业的所有权，并透

过查阅土地注册处土地登记册的公开记录，审阅

该等物业的产权负担。

经参考申请资料及KYC程序所得结果，我们的

信贷团队会在批准与否、贷款金额、利率及年期

等方面，就相关贷款产品向管理层提出建议。审

批有抵押物业按揭贷款申请时，考虑的主要因素

包括由客户提供作为抵押品的物业的质素、类型

及位置、按揭类型（即第一按揭或第二按揭）、

贷款价值比率、贷款金额、年期、客户资产净值

等。审批无抵押业主贷款申请时，除了上述有抵

押物业按揭贷款产品所考虑的相同因素外，亦会

考虑由独立第三方信贷评级机构披露的客户信

贷记录及评级、收入证明（如薪水记录、银行结

单、纳税评估、经审核财务报表等）及╱或其他

显示客户还款能力的收入来源。

香港信贷集团有限公司

2025 年报

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

LOAN IMPAIRMENT ASSESSMENT

Our Group has developed policies and procedures to appropriately

assess and measure the Expected Credit Loss (“ECL”) in accordance

with impairment requirements of HKFRS 9. Details of the ECL policy and

measurement, and the movement of provision for impairment and written-

off of loan and interest receivables are disclosed in Note 3.1(b) to the

consolidated financial statements.

EMPLOYEES AND REMUNERATION POLICY

As at 31 March 2025, our Group employed 55 (2024: 49) full time employees.

The total staff costs of our Group for the current year were HK$31.6 million

(2024: HK$31.2 million).

Our Group adopts a remuneration policy covering the position, duties and

performance of our employees. The remuneration of our employees include

salary, overtime allowance, bonus and various subsidies. We conduct

performance appraisal on an annual basis.

CHARGES ON GROUP ASSETS

As at 31 March 2025, our land and buildings of HK$115.0 million (2024:

HK$118.5 million), our investment properties of HK$43.2 million (2024:

HK$48.1 million) and certain gross loans and interest receivables of HK$387.7

million in aggregate (2024: HK$426.0 million) were secured for the Group’s

bank borrowings.

FOREIGN EXCHANGE EXPOSURE

During the current year, the business activities of our Group were

denominated in Hong Kong dollars. Our Directors did not consider our Group

was exposed to any significant foreign exchange risks. Our Group did not use

derivative financial instruments to hedge against the volatility associated with

foreign currency transactions and other financial assets and liabilities arising in

the ordinary course of business.

CONTINGENT LIABILITIES

As at 31 March 2025, our Group had no material contingent liabilities (2024:

Nil).

CAPITAL COMMITMENTS

The Group did not have significant capital commitments as at 31 March 2025

(2024: HK$193,000).

贷款减值评估

本集团已根据香港财务报告准则第9号的减值规

定制定政策及程序，从而对预计信贷损失（「预计

信贷损失」）进行适当的评估及计量。预计信贷

损失政策及计量以及减值拨备及撇销应收贷款及

利息的变动的详情于综合财务报表附注3.1(b)披

露。

雇员及薪酬政策

于2025年3月31日，本集团聘有55名（2024

年：49名）全职雇员。本集团本年度之员工成本

总额为31,600,000港元（2024年：31,200,000

港元）。

本集团采纳与雇员之职位、职责及表现有关之薪

酬政策。雇员之薪酬包括工资、加班津贴、花红

及各种补贴。我们每年进行表现评估。

本集团资产抵押

于2025年3月31日，价值115,000,000港元

（2024年：118,500,000港元）之土地及楼宇、

价值43,200,000港元（2024年：48,100,000港

元）之投资物业以及若干应收贷款及利息总额合

共387,700,000港元（2024年：426,000,000港

元）已用作本集团银行借款之抵押。

外汇风险

于本年度，本集团业务活动以港元计值。董事认

为本集团并无承受任何重大外汇风险。本集团并

无使用衍生金融工具以对冲于日常业务过程中产

生之外币交易及其他金融资产及负债产生之波

幅。

或然负债

于2025年3月31日，本集团并无任何重大或然

负债（2024年：无）。

资本承担

于2025年3月31日，本集团并无重大资本承担

（2024年：193,000港元）。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

MANAGEMENT DISCUSSION AND ANALYSIS

管理层讨论及分析

OUTLOOK

Since the beginning of 2025, the global economy has faced significant

uncertainty due to ongoing challenges such as the US-China trade tariff

tensions, the prolonged Russia-Ukraine and Israel-Gaza conflicts, a

persistently high interest rate environment, and inflationary pressures. These

macroeconomic and geopolitical risks have notably impacted the money

lending sector in Hong Kong, especially property-based lending businesses.

Hong Kong’s property market has experienced reduced transaction volumes

and increased price volatility. Traditional banks have tightened lending

standards, driving some borrowers towards non-bank financial lenders.

The high interest rate environment has raised borrowing costs, increasing

repayment pressures and default risks. At the same time, fluctuations in

collateral property values have complicated risk management for lenders.

Regulatory authorities have also intensified compliance requirements, adding

operational challenges across the industry.

Looking ahead, the money lending industry is expected to consolidate

and professionalize, with stronger capital bases and rigorous risk controls

becoming key competitive advantages. We are dedicated to maintaining a

vigilant approach, rigorously adhering to our robust risk management protocols

and credit assessment procedures. Our strategy involves proactively adjusting

by diversifying our loan portfolio, adapting loan terms, promptly reviewing

and strengthening our credit policies, intensifying our focus on high net-worth

clients, and fine-tuning our product mix. Leveraging our professionalism, the

reputable brand “Hong Kong Finance”, and our extensive experience in the

money lending sector, we are well-positioned to preserve the quality of our

Group’s loan portfolio while capitalizing on growth opportunities to expand

our portfolio. Moreover, initiatives like the Guangdong-Hong Kong-Macao

Greater Bay Area integration and cross-border financial cooperation will

create new growth opportunities. Government support policies targeting real

estate and small-to-medium enterprises could further ease sector pressures

and stimulate market recovery.

展望

自2025年年初起，全球经济因持续面临中美贸

易关税紧张局势、俄乌及以色列－加沙冲突延

续、高企利率环境及通胀压力等挑战而显现重大

不确定性。该等宏观经济及地缘政治风险已对香

港放债业务造成显著影响，特别是以物业作抵押

的贷款业务。

香港房地产市场的交易量减少，价格波动加剧。

传统银行收紧放贷标准，令部分借款人转向非银

行金融放债人。高利率环境推高借款成本，加大

还款压力及违约风险。同时，抵押物业价值波动

使放债人的风险管理变得更为复杂。监管机构亦

加强合规要求，为整个行业的运营带来更多挑

战。

展望未来，放债行业预期将进一步整合及专业

化，而雄厚的资本基础及严格的风险控制将成为

主要竞争优势。我们致力于保持警惕，严格遵循

我们稳健的风险管理条款及信贷评估程序。我们

积极调整战略，多样化贷款组合，调整贷款条

款，及时审阅及加强信贷政策，加强对高净值客

户的关注，并优化我们的产品组合。凭借我们的

专业精神、我们享有声誉的「香港信贷」品牌以及

于放债方面的丰富经验，我们做好准备保障本集

团贷款组合的质量，同时把握增长机遇，扩大我

们的贷款组合。此外，粤港澳大湾区一体化及跨

境金融合作等举措将创造新的增长机遇。政府针

对房地产及中小企业的支持政策可进一步纾缓行

业压力并促进市场复苏。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

CORPORATE GOVERNANCE PRACTICES

Our Group is committed to achieving and maintaining high standards of

corporate governance consistent with the needs and requirements of

our business and our Shareholders for enabling them to evaluate how

the principles of corporate governance have been applied. The corporate

governance principles of our Company emphasize a quality board, sound

internal controls, and transparency and accountability to all Shareholders.

Our Group has adopted and complied with the Code Provisions during the

year ended 31 March 2025.

During the year ended 31 March 2025, the Board had reviewed our

Company’s corporate governance policies. The Directors will carry out a

regular review and will propose any amendment, if and when necessary, to

ensure compliance with the Code Provisions from time to time.

The below sets out the corporate governance principles and practices

adopted by the Group which indicate how the Group has applied relevant

principles in the CG Code.

CORPORATE CULTURE

Aligning the Group’s culture with its purpose, values and

strategy

Our board has established the Group’s purpose, values and strategy, and

satisfy itself that these and the Group’s culture are aligned. All Directors act

with integrity, lead by example, and promote the desired culture. Such culture

instils and continually reinforces across our Group’s values of acting lawfully,

ethically and responsibly.

Culture and values

A healthy corporate culture set up by the Group was vital for the Group to

achieve its vision and mission towards sustainable growth. It is the Board’s

role to foster a corporate culture with core principles to guide the behaviours

of its employees, and ensure that the Group’s vision, values and business

strategies are aligned to it.

企业管治常规

本集团致力达致及维持符合其业务及股东需要及

要求之高水平企业管治，让股东评估企业管治原

则之应用方式。本公司之企业管治原则著眼于高

质素董事会、有效内部监控，以及对全体股东保

持透明及问责。

截至2025年3月31日止年度，本集团已采纳及

遵守守则条文。

截至2025年3月31日止年度，董事会已检讨本

公司之企业管治政策。董事将定期检讨并于有需

要时建议任何修订，以确保遵守不时生效之守则

条文。

下文载列本集团采纳之企业管治原则及常规，显

示本集团应用企业管治守则相关原则之方式。

企业文化

本集团之文化与其使命、信念及策略保

持一致

董事会已制定本集团的使命、信念及策略，并确

保其与本集团的文化一致。所有董事须持正不

阿，以身作则，并致力推广企业文化。而该文化

将向本集团上下灌输，并不断加强本集团行事合

乎法律、道德及负责任的价值观。

文化及价值观

本集团营造健康的企业文化，对于本集团实现其

可持续增长愿景及使命而言十分重要。董事会有

责任营造揉合三项核心原则的企业文化，从而为

员工的行为提供指引，确保本公司的愿景、价值

观及业务策略与本集团文化保持一致。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

The framework of integrity values

Integrity underpins the behaviours of the Group’s employees in working with

each other and conducting business activities with business partners. We

have human resources management policies in place to promote a caring

environment with mutual respect and inclusive atmosphere in the workplace.

Regarding business ethics, the Group’s Code of Conduct has defined the

behavioural guidelines for its employees to ensure that the Group’s values

of acting lawfully, ethically and responsibly are continuously instilled and

reinforced.

The framework of accountability culture

Our Group’s culture of accountability begins from the strong leadership of

the Board, with delegation of authorities to its Board Committees, the senior

management of the respective business units, to every individual employee

throughout the Group. With clear objectives and goals set in our business

plans, budgets and forecast authorised by the Board, augmented by open

communication and fair staff performance evaluation mechanism, our

management and employees are committed to and accountable for achieving

the targets for the long-term success of the Group.

Business strategies and policies enhancement

The Board carries out ongoing comprehensive review of the Group’s

formulation of business strategies and policies, which covers the Group’s

position in the major markets and service lines, leading drivers of change

in the industry and markets, and marketing strategies to seize business

opportunities in long run.

WHISTLEBLOWING AND ANTI-CORRUPTION

Whistleblowing mechanism

Our Group has established a whistleblowing policy and administrative

measures on handling staff reporting of irregularities to ensure employees

can whistle blow through proper channels under confidence when suspected

misconducts occurred or may occur which relate to the business or other

aspects, and such reports are handled and followed- up appropriately,

without risk of retaliation or revenge. Our Group will take appropriate actions

against any improprieties and, where appropriate, report the cases to the

relevant enforcement authorities.

Our Group regularly reviews the whistle-blowing mechanism, related policies

and administrative measures to ensure their effectiveness.

诚信价值观框架

诚信是本集团员工在相互合作及与商业伙伴开展

业务活动过程中应遵循的基本守则。本集团已制

定人力资源管理政策，在工作场所营造相互尊

重、包容及友善的氛围。就商业道德而言，本集

团的行为守则和反贪污政策中已订明员工的行为

指引，确保不断加强本集团行事合乎法律、道德

及负责任的价值观。

责任承担文化框架

本集团的责任承担文化以董事会的有力领导为基

础，将权力下放至董事委员会、各业务分部的高

级管理层，以及本集团内每一位员工。在经董事

会批准的业务计划、预算及预测中已订明公司的

宗旨及目标，加上公司设有开放的沟通及公平的

员工绩效评估机制，因此本集团的高级管理层及

员工均努力并肩负起责任推动本公司实现在长远

上取得成功的目标。

改进商业策略及政策

董事会持续对本集团业务战略及政策的制定进行

全面检视，涵盖本集团在主要市场及服务类别中

的地位，推动行业与市场变化的主要因素，以及

为长远把握商机而制定营销策略。

举报及反贪污

举报机制

本集团已制定举报政策及管理办法，确保员工可

以在保密环境下就业务或其他方面发生或可能发

生的不正当行为通过适当渠道进行举报并获适当

处理及跟进，而不会有被追究或遭报复的风险。

本集团对任何不当行为将采取合适行动，适当时

向有关部门举报该等情况。

本集团定期检讨举报机制和相关政策及管理办法

以确保其有效性。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

Anti-corruption measures

Our Group has adopted the Anti-Corruption and Bribery Policy which

provides guidance to our employees on how to recognise and deal with

bribery and corruption. Every employee has a duty to report any potential

violations of the policy to the Group through the channels set out therein.

Our Group also strives to uphold all relevant anti-bribery and corruption laws

and regulations in Hong Kong and ensures that a robust anti- bribery and

corruption control framework is implemented to strengthen the standards of

conduct of its employees. The overall anti-bribery and corruption framework

is jointly supervised by the Board, its designated board committees and the

senior management. Our Group conducts regular anti-bribery and corruption

risk assessment to evaluate the effectiveness of the framework and ensure it

is properly and adequately managed and implemented.

BOARD INDEPENDENCE MECHANISM

Our Group has established mechanisms to ensure independent views and

input are available to the Board and conducted review of the implementation

and effectiveness of such mechanisms on an annual basis. The Directors are

entitled to seek, at the Group’s expense, independent professional advice

reasonably necessary for discharging their duties as Directors. The Company

Secretary will make necessary arrangements when the Directors wish to seek

such independent professional advice.

The Board authorises the management to implement the business strategies

and has formulated clear written guidelines which stipulate the circumstances

where the management should report to and obtain prior approval from

the Board before making decisions or entering into any contracts and

commitments on behalf of the Group. The Board will conduct regular reviews

on these authorisation and guidelines.

Our Group has received confirmation in writing of independence from

each of the independent non-executive Directors and considers them to

be independent of the management and free of any relationship that could

materially interfere with the exercise of their independent judgement.

反贪污办法

本集团已采取反贪污及贿赂政策，并就如何辨识

以及处理贿赂及贪污为员工提供指引。每位员工

均有义务透过指定的渠道向本集团举报任何可能

违反政策的行为。

本集团亦致力于遵守香港的所有反贪腐反贿赂法

律和法规，并确保实施一套严谨健全的机制加强

对其员工的指导及规范。整个反贪腐反贿赂计划

由董事会、其辖下委员会及高级管理层共同监

督，本集团定期进行反贪腐反贿赂管理有效性评

估，并确保计划得以恰当及充分地管理及实施。

董事会独立机制

本集团已订立相关机制以确保董事可获得独立观

点及意见并就相关机制的实施及有效性进行年度

重检。董事有权为履行他们作为董事的职责而寻

求所需的独立专业意见，费用由本集团承担。公

司秘书会于董事需寻求该等独立专业意见时作出

所需的安排。

董事会特别授权管理层执行业务策略及订立了清

晰的书面指引，特别明确管理层应向董事会汇报

的各种情况，以及管理层应取得董事会批准后才

可以代表本集团作出的各种决定或订立的各种承

诺等。董事会将对这些授权和指引进行定期重

检。

本集团已接获各独立非执行董事发出之独立性确

认函，并认同独立非执行董事乃独立于管理层，

且并无任何足以重大干预彼等进行独立判断之关

系。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

BOARD OF DIRECTORS

Board composition

The Board currently comprises seven Directors, including four executive

Directors and three independent non-executive Directors, with a variety and a

balance of skills and experience in accounting, business, marketing, finance,

investment and legal profession. During the year and up to the date of this

report, the composition of the Board was as follows:

Executive Directors:

执行董事：

Mr. Chan Koung NamMember of Remuneration Committee

陈光南先生薪酬委员会成员

Mr. Chan Kwong Yin William (Chairman of the Board)Chairman of Nomination Committee

陈光贤先生（董事会主席）提名委员会主席

Mr. Tse Pui To (Chief Executive Officer)

谢培道先生（行政总裁）

Ms. Chan Siu Ching

陈小菁女士

Independent Non-executive Directors:

独立非执行董事：

Mr. Chu Yat Pang TerryChairman of Audit Committee

朱逸鹏先生审核委员会主席

Chairman of Remuneration Committee

薪酬委员会主席

Member of Nomination Committee

提名委员会成员

Mr. Cheung Kok CheongMember of Audit Committee

张国昌先生审核委员会成员

Member of Remuneration Committee

薪酬委员会成员

Member of Nomination Committee

提名委员会成员

Mr. Wong Kai ManMember of Audit Committee

Wong Kai Man先生审核委员会成员

The Chairman of the Board is Mr. Chan Kwong Yin William and the Chief

Executive Officer of the Company and of the Group is Mr. Tse Pui To. The

roles of the Chairman of the Board and the Chief Executive Officer are

separate and exercised by different individuals.

董事会

董事会成员

董事会目前由七名董事组成，包括四名执行董事

及三名独立非执行董事，彼等拥有多样化之均衡

技术及经验，涵盖会计、商业、营销、金融、投

资及法律专业。于年内及直至本报告日期，董事

会现任成员列载如下：

董事会主席为陈光贤先生，而本公司及本集团之

行政总裁为谢培道先生。董事会主席及行政总裁

之职责有所区分，由不同人士承担。

Directors	Membership of Board Committee(s)
董事	董事委员会成员职务

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

During the year, the Chairman has met with all three independent non-

executive Directors without the executive Directors presence and this was in

compliance with the Code Provisions.

Our Company has complied with Rules 3.10(1) and (2), and 3.10A of

the Listing Rules, requiring that the Board should contain at least three

independent non-executive Directors representing at least one-third of

the Board, and at least one of whom must have appropriate professional

qualifications, accounting or related financial management expertise.

The independent non-executive Directors have dedicated to provide

our Group with professional advice with respect to the steady operation

and development of our Group. They have also exercised supervision

and coordination to safeguard the interests of our Company and our

Shareholders.

Mr. Chu Yat Pang Terry (independent non-executive Director and Chairman

of the Audit Committee and Remuneration Committee) is regarded as

the appropriate person to fulfill such qualifications of having appropriate

professional qualifications, accounting or related financial management

expertise as required under the Listing Rules.

Each of the independent non-executive Directors has confirmed in writing to

our Company their independence during the year ended 31 March 2025 in

particularly in regard to the requirements under Rule 3.13 of the Listing Rules.

The Board considers that the independent non-executive Directors are free

from any business or other relationship that may influence their exercise of

independent judgement and are considered to be independent in accordance

with the guidelines set out in Rule 3.13 of the Listing Rules.

Mr. Chu Yat Pang Terry and Mr. Cheung Kok Cheong have served as

independent non-executive Directors for more than nine years and the

Nomination Committee and the Board have reviewed and assessed their

independence pursuant to code provision B.2.3 of the CG Code. Given that (a)

Mr. Chu Yat Pang Terry and Mr. Cheung Kok Cheong meet the independence

factors set out in Rule 3.13 of the Listing Rules and have provided written

confirmation of independence to the Company; (b) they do not have any

interest in the business activities of the Group, nor any relationships which

would interfere with the exercise of their independent judgment; and (c) they

continue to demonstrate the attributes of independent non-executive director

to be able to exercise their independent professional judgment and draw upon

their extensive knowledge, expertise and experience and there is no evidence

that their tenure has had any impact on their independence, the Board is of

the opinion that Mr. Chu Yat Pang Terry and Mr. Cheung Kok Cheong remain

independent notwithstanding the length of their service. In addition, taking

into account their in-depth knowledge in the Group’s business together with

their professional knowledge and expertise and general business acumen, the

Board considers that Mr. Chu Yat Pang Terry and Mr. Cheung Kok Cheong

should be re-elected as the Company’s independent non-executive Directors

to continue making contributions to the Group.

于年内，主席在执行董事并无列席之情况下与全

体三名独立非执行董事会面，其符合守则条文。

本公司已遵守上市规则第3.10(1)及(2)条以及第

3.10A条，其规定董事会须设有最少三名独立非

执行董事，占董事会成员人数至少三分之一，及

其中最少一名独立非执行董事必须具备适当专业

资格，或具备适当会计或相关财务管理专长。独

立非执行董事致力向本集团提供专业意见，让本

集团可稳定经营及发展。彼等亦已作出监督及协

调，以保障本公司及股东利益。

朱逸鹏先生（独立非执行董事兼审核委员会及薪

酬委员会主席）被视为适当人选，彼符合该等资

格，拥有上市规则规定之适当专业资格、会计或

CORPORATE GOVERNANCE REPORT

企业管治报告

The operation of the Board

The Board’s main task is to supervise and direct the management of our

Group to operate under good corporate governance, in order to maximise

value of our Shareholders while balancing the interest of our various

stakeholders.

The Board holds meetings to monitor the performance of our Group and

to be briefed with market developments, to discuss and decide on major

corporate, strategic and operational issues, and to appraise any good

investment opportunities available.

The major duties performed by our Board are as follows:

’s values and standards, the objectives of our Group

and responsibilities of the Board and its various committees;

;

3. setting targets for and monitoring the performance of the management

of our Group;

;

5. ensuring that a framework of prudent and effective internal control is in

place to assess and manage the risk of our Group and implementing

appropriate systems to manage these risks;

6. overseeing the relationships between our Company and our

Shareholders, customers, the community, various government

authorities, interest groups and others who have a legitimate interest in

the responsible conduct of our Group’s business;

7. identifying and assessing any matters involving a conflict of interest for

a substantial Shareholder or a Director;

disposals of assets, investments, capital, projects, authority levels,

major treasury policies, risk management policies and key human

resources issues; and

9. considering and determining issues which are the responsibilities of the

Board pursuant to the Articles of Association and the relevant laws and

regulations in force by which our Company is governed from time to

time.

董事会运作

董事会之主要职务为监督及指导本集团管理层根

据良好企业管治运作，以为股东争取最大价值，

同时平衡各持份者之利益。

董事会举行会议，以监察本集团之表现及获简介

市场发展、讨论及决定重大公司、策略及营运事

宜，以及评核任何现有投资良机。

董事会履行之主要职责如下：

、本集团之目

标，以及董事会及其各个委员会之职责；

，以

评估及管理本集团之风险，并实施适当制

度以管理该等风险；

、客户、社区、各个政

府机构、权益群体及其他对本集团以负责

任态度经营业务拥有合法权益之其他人士

之关系；

7. 识别及评估任何涉及主要股东或董事之利

益冲突之事宜；

（如有及可获得）重大收购及╱或资产

出售、投资、资本、项目、权力水平、重

大库务政策、风险管理政策及主要人力资

源事宜；及

9. 考虑及决定根据组织章程细则以及不时规

管本公司之有关法律及法规属董事会责任

之事宜。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

The Board is also responsible for the following corporate governance duties:

’s policies and practices on

corporate governance and making recommendations on any

amendments or updates (if any);

2. reviewing and monitoring the training and continuous professional

development of Directors and our Group’s senior management;

’s policies and practices on

compliance with legal and regulatory requirements;

, reviewing and monitoring the code of conduct and

compliance manual (if any) applicable to our Group’s employees and

Directors;

’s compliance with the CG Code and disclosure

in the Corporate Governance Report under the CG Code; and

6. being responsible for performing any other corporate governance

duties and functions set out in the CG Code and the Listing Rules

(as amended from time to time), or delegating the responsibility to a

committee or committees (if applicable).

The Board delegates to the management of the Group in respect of the major

corporate matters as stated below:

1. preparing of the annual and interim results of the Group to be approved

by the Board;

2. giving clear directions to the management team as to their powers

of management, and circumstances in which the management team

should report back;

3. implementing of sufficient systems of internal control and risk

management procedures of the Group;

4. executing of the corporate strategies and directions of the Group

adopted by the Board; and

, administration and operation of

the Group, etc.

董事会亦负责处理以下企业管治职务：

1. 制定及检讨本集团之企业管治政策及常

规，并就任何修订或更新（如有）作出推荐

建议；

2. 检讨及监督董事及本集团高级管理层之培

训及持续专业发展；

3. 检讨及监督本集团政策及常规是否遵守法

律及监管规定；

、检讨及监督适用于本集团雇员及董

事之行为守则及合规手册（如有）；

5. 检讨本公司就企业管治守则之合规情况及

根据企业管治守则于企业管治报告所作披

露；及

（经不时

修订）所载之任何其他企业管治职务及职

能，或将职责授予一个或多个委员会（如适

用）。

董事会将以下所述有关主要企业事宜授予本集团

管理层处理：

1. 编制将由董事会批准之本集团年度及中期

业绩；

2. 就管理团队之管理权力及管理团队须汇报

之情况向其发出清晰指示；

3. 实行本集团之充足内部监控及风险管理制

度；

4. 执行董事会所采纳之本集团企业策略及方

针；及

、行政及营运等工作。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

The Board members are required to meet regularly at least four times a year. The

attendance of each Director at these meetings are stated as follows:

Executive Directors:

执行董事：

Mr. Chan Koung Nam3/41/1

陈光南先生

Mr. Chan Kwong Yin William (Chairman of the Board)4/41/1

陈光贤先生（董事会主席）

Mr. Tse Pui To (Chief Executive Officer)4/41/1

谢培道先生（行政总裁）

Ms. Chan Siu Ching3/41/1

陈小菁女士

Independent Non-executive Directors:

独立非执行董事：

Mr. Chu Yat Pang Terry4/41/1

朱逸鹏先生

Mr. Cheung Kok Cheong4/41/1

张国昌先生

Mr. Wong Kai Man 4/41/1

Wong Kai Man先生

Board meetings regularly held during the year were scheduled in advance,

and notices of not less than fourteen days were given to all Directors so as to

give them an opportunity to attend. Board papers were circulated to Directors

not less than three days in advance before the date of each Board meeting

to enable the Directors to be well informed on matters to be raised and

discussed at the Board meetings. All Directors were given an opportunity to

include matters in the agenda for the Board meetings.

In addition, the Directors had full and timely access at all times to all

information of our Group and may seek independent professional advice at

our Company’s expense in carrying out their functions after making a request

to the Board.

董事会须每年至少举行四次常规会议。各董事出

席该等会议之情况载列如下：

于年内举行之董事会常规会议均提早作出安排，

并至少向全体董事发出不少于14日通知，让彼

等安排出席。董事会文件于董事会会议举行日期

前不少于3日向董事传阅，以便董事得悉将于董

事会会议提出及讨论之事宜。全体董事均可以于

董事会会议议程加入讨论事项。

此外，董事可随时全面及适时地得悉本集团所有

资讯，并可于履行职能时向董事会提出要求后寻

求独立专业意见，费用由本公司承担。

	Attendance/	Attendance/
	Number of	Number of
	Board meetings	annual general
Members of the Board	regularly held	meeting held
	出席次数╱	出席次数╱
	董事会常规	股东周年大会
董事会成员	会议举行次数	举行次数

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

The Chairman of the Board, Mr. Chan Kwong Yin William, is the brother

of Mr. Chan Koung Nam, and both of them are the executive Directors

and substantial Shareholders of the Company. Ms. Chan Siu Ching is an

executive Director and the daughter of Mr. Chan Koung Nam. Save as

disclosed above or elsewhere in this annual report, the Board members do

not have any family, financial, business or other material/relevant relationship

with each other and in particular, between the Chairman of the Board and the

Chief Executive Officer as disclosed therein.

Biographical details of the Directors are set out in the section headed

“Directors and Senior Management”. The list of Directors and their roles and

functions have been published on the websites of our Company and of the

Stock Exchange pursuant to the Listing Rules from time to time.

Appointment and re-election of Directors

Each of the executive Directors has entered into a service agreement with our

Company for an initial term of three years and shall continue thereafter unless

terminated by not less than three (3) months’ prior notice in writing, and each

of the independent non-executive Directors has been appointed for an initial

term of two years and shall continue thereafter unless terminated by not less

than three (3) months’ prior notice in writing.

Pursuant to Article 84 of the Articles of Association, at each annual general

meeting one third of the directors for the time being (or, if their number is not

a multiple of three, the number nearest to but not less than one-third) shall

retire from office by rotation, provided that every director shall be subject

to retirement at an annual general meeting at least once every three years.

Any Director appointed by the Board pursuant to Article 83(3) shall not be

taken into account in determining which particular Directors or the number

of Directors who are to retire by rotation. A retiring director shall be eligible

for re-election at such meeting. Accordingly, Ms. Chan Siu Ching (executive

Director), Mr. Chu Yat Pang Terry (independent nonexecutive Director) and

Mr. Cheung Kok Cheong (independent nonexecutive Director) will retire at the

AGM and, being eligible, offer themselves for re-election.

Training and support for Directors

During the year ended 31 March 2025, seminars, webinar, briefings and

reading materials had been provided and funded by our Group to develop

and refresh the Directors’ knowledge and skills (including but not limited

to corporate governance matters and any development or updates on

the Listing Rules and other relevant regulatory requirements) as their

continuous professional development so as to keep abreast of their collective

responsibilities and to emphasis on the roles, functions and duties of a

director of a listed company.

董事会主席陈光贤先生为陈光南先生之胞弟，彼

等均为本公司执行董事兼主要股东。陈小菁女士

为执行董事且为陈光南先生之女儿。除上述或在

本年报其他章节所披露者外，董事会成员之间概

无任何家族、财务、业务或其他重大╱相关关

系，尤其是董事会主席与行政总裁（见该部分所

披露者）。

董事之履历详情载于标题为「董事及高级管理层」

内。董事名单与其角色及职能已不时根据上市规

则刊载于本公司及联交所网站。

委任及重选董事

各执行董事已与本公司订立服务协议，初步为期

三年，并可续任直至透过不少于三(3)个月之事

先书面通知终止。各独立非执行董事已按初步任

期两年获委任，并可续任直至透过不少于三(3)

个月之事先书面通知终止。

根据组织章程细则第84条，占当时三分之一的

董事（或倘人数并非三之倍数，则按最接近但不

少于三分之一之人数计）将于每届股东周年大会

轮席告退，惟每名董事须至少每三年于股东周年

大会退任一次。根据组织章程细则第83(3)条获

董事会委任的任何董事在厘定轮值退任的特定董

事或董事数目时不应考虑在内。退任董事将符合

资格于会上接受重选。因此，陈小菁女士（执行

董事）、朱逸鹏先生（独立非执行董事）及张国昌

先生（独立非执行董事）将于本公司应届股东周年

大会退任，并符合资格重选连任。

董事培训及支援

截至2025年3月31日止年度，本集团已为董事

提供研讨会、网上研讨会、简介及阅读资料并承

担有关费用，以增进及重温彼等知识及技能（包

括但不限于企业管治事宜以及有关上市规则及其

他有关监管规定之任何发展或最新资料），作为

董事之持续专业发展，让彼等充分了解彼等整体

职责，以及突出上市公司董事之角色、职能及职

责。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

During the year ended 31 March 2025, all Directors had participated in the

continuous professional development, by attending external seminars or

webinar or reading materials on various topics covering regulations, corporate

governance, finance and business, etc. and the individual training record of

each Director is summarised below:

Executive Directors:

执行董事:

Mr. Chan Koung Nam✔

陈光南先生

Mr. Chan Kwong Yin William (Chairman of the Board)✔

陈光贤先生（董事会主席）

Mr. Tse Pui To (Chief Executive Officer)✔

谢培道先生（行政总裁）

Ms. Chan Siu Ching✔

陈小菁女士

Independent Non-executive Directors:

独立非执行董事:

Mr. Chu Yat Pang Terry✔

朱逸鹏先生

Mr. Cheung Kok Cheong✔

张国昌先生

Mr. Wong Kai Man ✔

Wong Kai Man先生

Our Company will also continuously update our Directors on the latest

developments regarding the Listing Rules and other applicable regulatory

requirements, to ensure compliance and enhance their awareness of good

corporate governance practices, and to ensure that their contribution to the

Board remains informed and relevant.

COMPLIANCE WITH THE MODEL CODE FOR SECURITIES

TRANSACTIONS

The Board has adopted the Model Code to monitor the code of conduct

regarding securities transactions by our Directors.

Having made specific enquiry of all Directors, they all have confirmed that

they have complied with the required standards as set out in the Model Code

at all the applicable time throughout their tenure during the year under review.

截至2025年3月31日止年度，全体董事已参与

持续专业发展，当中包括出席外部研讨会、网上

研讨会或阅读涵盖规例、企业管治、财务及业务

等不同议题之材料，而各董事之个别受训记录概

述如下：

本公司亦将持续知会董事有关上市规则及其他适

用监管规定之最新发展，从而确保彼等遵守及培

养良好企业管治常规之意识，并确保彼等持续对

董事会作出知情及相关之贡献。

遵守证券交易之标准守则

董事会已采纳标准守则作为规范董事进行证券交

易之行为守则。

经向所有董事查询后，彼等确认于回顾年度内于

其任期的所有适用时间一直遵守标准守则所规定

之准则。

Attending external seminars or
webinar/reading
relevant materials
出席外部研讨会或网上
研讨会╱阅读相关的材料

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

BOARD COMMITTEES

The Board has established three committees, namely the Audit Committee,

the Remuneration Committee and the Nomination Committee to oversee

the relevant aspects of our Group’s affairs. The three Board committees are

provided with sufficient resources to discharge their duties.

Audit Committee

The Audit Committee of our Company was established with specific written

terms of reference in compliance with the Listing Rules.

During the year, the roles and functions of the Audit Committee included:

(a) making recommendations to the Board on the appointment, re-

appointment and removal of the external auditor, and approving the

remuneration and other terms of engagement of the external auditor,

and any questions of its resignation or dismissal;

(b) reviewing and monitoring the external auditor’s independence and

objectivity and the effectiveness of the audit process in accordance

with applicable standards;

supply non-audit services;

(d) monitoring the integrity of our Company’s financial statements and

annual report and accounts, interim report, and reviewing significant

financial reporting judgments contained therein;

(e) reviewing our Group’s financial controls, risk management and internal

control systems;

(f) discussing the risk management and internal control systems with

management to ensure that management has performed its duty to

have effective systems;

(g) considering major investigation findings on risk management and

internal control matters as delegated by the Board or on its own

initiative and management’s response to these findings;

(h) reviewing our Group’s financial and accounting policies and practices;

(i) reviewing our external auditor’s management letter, any material

queries raised by the auditor to management about accounting

records, financial accounts or systems of risk management and control

and management’s response;

董事委员会

董事会已成立三个委员会，即审核委员会、薪酬

委员会及提名委员会，以监督本集团事务之有关

方面。三个董事委员会获提供充裕资源以履行职

责。

审核委员会

本公司审核委员会已成立，具体书面职权范围符

合上市规则。

于年内，审核委员会之角色及职能包括：

(a) 就外聘核数师之委任、续聘及罢免向董事

会提出推荐建议，批准外聘核数师之薪酬

及其他聘用条款，以及处理任何有关核数

师辞任或解聘之问题；

(b) 按适用标准检讨及监察外聘核数师是否独

立客观以及核数程序是否有效；

策，并予以执行；

(d) 监察本公司之财务报表以及年报及账目及

中期报告之完整性，并审阅报告及账目所

载有关财务汇报之重大判断；

(e) 检讨本集团之财务监控、风险管理及内部

监控制度；

(f) 与管理层讨论风险管理及内部监控制度，

确保管理层已履行职责建立有效制度；

(g) 应董事会之委派或主动就有关风险管理及

内部监控事宜之重要调查结果及管理层对

调查结果之回应进行研究；

(h) 检讨本集团之财务及会计政策以及常规；

(i) 审阅外聘核数师监控建议函件、核数师就

会计记录、财务账目或风险管理及监控制

度向管理层提出之任何重大疑问以及管理

层之回应；

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

(j) ensuring that the Board will provide a timely response to the issues

raised in the external auditor’s management letter;

(k) reporting to the Board on the matters set out above;

(l) reviewing arrangements employees of our Group can use, in

confidence, to raise concerns about possible improprieties in financial

reporting, risk management, internal control or other matters as well as

our whistleblowing policy;

(m) acting as the key representative body for overseeing our Company’s

relations with the external auditor; and

(n) considering other matters, as defined or assigned by the Board from

time to time.

The Audit Committee discharged its responsibilities as required in accordance

with its terms of reference during the year ended 31 March 2025 and the

major of which are stated as:

, annual

results and financial statements of our Company and our Group

and reviewing significant financial reporting judgments, and making

recommendations to the Board for approval;

, accounting and financial

policies and practices of our Group;

, annual report, and results announcements

of our Company;

4. considering and recommending to the Board for the re- appointment of

our Company’s independent external auditors;

;

and

6. reviewing the effectiveness of the risk management and internal

control systems of the Group, and reviewing the works performed by

the independent internal control advisor, namely, APAC Compliance

Consultancy and Internal Control Services Limited (“APAC”), on the risk

management and internal control systems.

(j) 确保董事会及时回应于外聘核数师给予管

理层之函件中提出之事宜；

(k) 就上述事宜向董事会汇报；

(l) 检讨安排使本集团员工可以私下就财务汇

报、风险管理、内部监控或其他方面可能

发生之不正当行为提出关注以及举报政

策；

(m) 担任本公司与外聘核数师间关系之主要代

表组织；及

(n) 考虑董事会不时界定或委派之其他事项。

截至2025年3月31日止年度，审核委员会根据

职权范围履行职责，主要职责如下：

、年

度业绩及财务报表之完整性，并检讨重大

财务申报判断以及作出推荐建议以获董事

会批准；

、会计及财务政

策及常规；

、年报及业绩公

布；

，并就此

向董事会提出推荐建议；

；及

6. 检讨本集团风险管理及内部监控制度之成

效，并检讨独立内部监控顾问亚太合规顾

问及内控服务有限公司（「亚太」）对风险管

理及内部监控制度进行之工作。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

The members of the Audit Committee comprise Mr. Chu Yat Pang Terry

(Chairman of the Audit Committee), Mr. Cheung Kok Cheong and Mr. Wong

Kai Man, all of them are independent non-executive Directors whereas Mr.

Chu Yat Pang Terry possesses the appropriate professional qualifications

and experience in accounting or related financial management expertise as

required under the Listing Rules.

During the year ended 31 March 2025, two meetings of the Audit Committee

were held, with all member and our Company’s external auditor in attendance,

in compliance with the Code Provisions and the Audit Committee’s terms of

reference. The attendance of each member at these meetings is stated as

follows:

Independent Non-executive Directors:

独立非执行董事：

Mr. Chu Yat Pang Terry (Chairman of the Audit Committee)2/2

朱逸鹏先生（审核委员会主席）

Mr. Cheung Kok Cheong2/2

张国昌先生

Mr. Wong Kai Man2/2

Wong Kai Man先生

The Audit Committee has reviewed the contents of this annual report. The

Audit Committee has also discussed and reviewed with the management and

external auditor of our Company the matters regarding the internal controls,

risk management, and financial reporting including the accounting principles

and practices related to the preparation of the consolidated financial

statements for the year ended 31 March 2025, and recommended them to

the Board for approval.

The terms of reference of the Audit Committee are available on the websites

of our Company and the Stock Exchange, respectively.

审核委员会成员为朱逸鹏先生（审核委员会主

席）、张国昌先生及Wong Kai Man先生，彼等

均为独立非执行董事，朱逸鹏先生拥有上市规则

规定之会计或相关财务管理专长之适当专业资格

及经验。

截至2025年3月31日止年度，全体审核委员会

成员已举行两次会议（本公司外聘核数师已经出

席，符合守则条文及审核委员会职权范围）。各

成员于该等会议之出席记录如下：

审核委员会已审阅本年报之内容。审核委员会亦

已与本公司管理层及外聘核数师讨论及检讨有关

内部监控、风险管理及财务申报事宜，包括与编

制截至2025年3月31日止年度之综合财务报表

有关之会计原则及常规，并建议董事会通过。

审核委员会职权范围分别于本公司及联交所网站

可供查阅。

Attendance/
Number of Audit
Members of the Audit Committee	Committee meetings held
Members of the Audit Committee	出席次数╱
审核委员会成员	审核委员会会议举行次数

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

Auditor’s Remuneration and Auditor Related Matters

The Audit Committee of our Company is responsible for considering

the appointment and re-election of our Company’s external auditor

and reviewing any non-audit services provided by our external auditor.

During the year, our Group has paid or payable to our external auditor,

PricewaterhouseCoopers, the audit service in relation to the audit of annual

consolidated financial statements for the year ended 31 March 2025 of

HK$640,000 (2024: HK$740,000) and the non-audit service in relation to

the review of interim condensed consolidated financial statements for the

six-month ended 30 September 2024 and agreed-upon procedures on the

preliminary announcement of results of the Group for the year ended 31

March 2025, totaling of HK$360,000 (30 September 2023: HK$350,000),

totalling HK$1,000,000 (2024: HK$1,090,000) in aggregate. The Audit

Committee considered that the non-audit service has no adverse effect on

the independence of the auditor. There was no disagreement between the

Board and the Audit Committee on the selection, appointment, resignation or

dismissal of the external auditor.

Remuneration Committee

The Remuneration Committee of our Company was established with specific

written terms of reference in compliance with the Listing Rules.

The roles and functions of the Remuneration Committee include:

(a) making recommendations to the Board on our Company’s policy and

structure for all Directors’ and senior management remuneration and on

the establishment of a formal and transparent procedure for developing

the Remuneration Policy;

(b) reviewing and approving the management’s remuneration proposals

with reference to the Board’s corporate goals and objectives;

executive directors;

(d) considering salaries paid by comparable companies, time commitment

and responsibilities and employment conditions elsewhere in our

Group;

(e) reviewing and approving compensation payable to executive Directors

and senior management for any loss or termination of office or

appointment to ensure that it is consistent with contractual terms and

is otherwise fair and not excessive;

核数师酬金及核数师相关事宜

本公司审核委员会负责考虑委任及续聘本公司外

聘核数师，以及审阅外聘核数师提供之任何非审

核服务。于年内，本集团就审核服务向外聘核数

师罗兵咸永道会计师事务所已付或应付款项涉及

有关审核截至2025年3月31日止年度之年度综

合财务报表之审核服务640,000港元（2024年：

740,000港元），以及有关审阅截至2024年9月

30日止六个月之中期简明综合财务报表之非审

核服务及就本集团截至2025年3月31日止年度

的初步业绩公告之协定程序，合共360,000港

元（2023年9月30日：350,000港元），合共为

1,000,000港元（2024年：1,090,000港元）。审

核委员会认为，非审核服务对核数师之独立身份

并无不利影响。于外聘核数师挑选、委任、辞任

或罢免方面，董事会与审核委员会之间并无意见

分歧。

薪酬委员会

本公司薪酬委员会已成立，具体书面职权范围符

合上市规则。

薪酬委员会之角色及职能包括：

(a) 就本公司全体董事及高级管理人员之薪酬

政策及架构，及就制定薪酬政策设立正规

而具透明度之程序，向董事会提出推荐建

议；

(b) 因应董事会所订企业方针及目标而检讨及

批准管理人员之薪酬建议；

议；

(d) 考虑同类公司支付之薪酬、须付出之时间

及职责以及集团内其他职位之雇佣条件；

(e) 检讨及批准向执行董事及高级管理人员就

其失去或终止职务或委任而须支付之赔

偿，以确保该等赔偿与合约条款一致；若

未能与合约条款一致，赔偿亦须公平合

理，不致过多；

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

(f) reviewing and approving compensation arrangements relating to

dismissal or removal of directors for misconduct to ensure that they are

consistent with contractual terms and are otherwise reasonable and

appropriate; and

(g) ensuring that no Director or any of his/her associates is involved in

deciding his/her own remuneration.

During the year ended 31 March 2025, the Remuneration Committee (i) had

determined the remuneration packages and bonus of executive Directors

and our Company’s senior management in relation to the terms of their

service agreements and in accordance with the written remuneration policy

of the Company (which had been reviewed during the said year); (ii) had

assessed the performance of executive Directors and the Company’s senior

management; (iii) had reviewed the Group’s remuneration policy; and (iv) had

reviewed the Directors’ fees of other existing independent non-executive

Directors.

Our Company has adopted and the Remuneration Committee has been

delegated with responsibility by the Board to determine the remuneration

packages of individual executive Directors and the senior management of our

Company.

We have an established practice in determining our independent non-

executive Directors’ fees, which does not involve equity-based remuneration

with performance-related elements, with an aim to avoid leading to bias in

their decision-making and compromise their objectivity and independence.

The members of the Remuneration Committee include Mr. Chu Yat Pang

Terry (Chairman of the Remuneration Committee) and Mr. Cheung Kok

Cheong, both are independent non-executive Directors, and Mr. Chan Koung

Nam, an executive Director.

(f) 检讨及批准因董事行为失当而解雇或罢免

有关董事所涉及之赔偿安排，以确保该等

安排与合约条款一致；若未能与合约条款

一致，有关赔偿亦须合理适当；及

(g) 确保任何董事或其任何联系人不得参与厘

定其本身薪酬。

截至2025年3月31日止年度，薪酬委员会(i)已

就服务协议之条款及根据本公司已于上述年度检

讨之书面薪酬政策，厘定执行董事及本公司高级

管理人员之薪酬组合及花红；(ii)评估执行董事及

本公司高级管理人员之表现；(iii)检讨本集团之

薪酬政策；及(iv)已检讨其他现有独立非执行董

事之董事酬金。

本公司已采纳及薪酬委员会已获董事会授予职责

厘定本公司个别执行董事及高级管理层之薪酬组

合。

我们于厘定独立非执行董事酬金方面拥有既定惯

例，其中不涉及有关业绩的股权薪酬，旨在避免

彼等于决策时存在偏见并损害其客观性及独立

性。

薪酬委员会成员包括独立非执行董事朱逸鹏先生

（薪酬委员会主席）及张国昌先生，以及执行董事

陈光南先生。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

During the year ended 31 March 2025, one meeting of the Remuneration

Committee was held, with all members in attendance. The attendance of

each member is stated as follows:

Independent Non-executive Directors:

独立非执行董事：

Mr. Chu Yat Pang Terry (Chairman of Remuneration Committee)1/1

朱逸鹏先生（薪酬委员会主席）

Mr. Cheung Kok Cheong1/1

张国昌先生

Executive Director:

执行董事：

Mr. Chan Koung Nam1/1

陈光南先生

The terms of reference of the Remuneration Committee are available on the

websites of our Company and of the Stock Exchange.

Nomination Committee

The Nomination Committee of our Company was established with specific

written terms of reference in compliance with the Listing Rules.

The roles and functions of the Nomination Committee include:

(a) reviewing the structure, size and composition (including the skills,

knowledge and experience) of the Board at least annually and

making recommendations on any proposed changes to the Board to

complement our Group’s corporate strategy;

(b) identifying individuals suitably qualified to become members of the

Board and selecting or making recommendations to the Board on the

selection of individuals nominated for directorships;

directors;

截至2025年3月31日止年度，全体薪酬委员会

成员已举行一次会议。各成员于该会议之出席记

录如下：

薪酬委员会职权范围分别于本公司及联交所网站

可供查阅。

提名委员会

本公司提名委员会已成立，具体书面职权范围符

合上市规则。

提名委员会之角色及职能包括：

(a) 至少每年检讨董事会之架构、人数及组成

（包括技能、知识及经验），并就任何为配

合本集团之企业策略而拟对董事会作出之

变动提出推荐建议；

(b) 物色具备合适资格可担任董事会成员之人

士，并挑选提名有关人士出任董事或就此

向董事会提出推荐建议；

Attendance/
Number of Remuneration
Members of the Remuneration Committee	Committee meetings held
Members of the Remuneration Committee	出席次数╱
薪酬委员会成员	薪酬委员会会议举行次数

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

(d) making recommendations to the Board on the appointment or

reappointment of directors and succession planning for directors in

particular the chairman and the chief executive; and

(e) reviewing regularly the Nomination Policy and Board Diversity Policy

of the Company to ensure the effectiveness of these policies and

reviewing any progress on achieving those objectives in these policies.

The members of the Nomination Committee include Mr. Chan Kwong Yin

William, an executive Director and Chairman of the Board (Chairman of

the Nomination Committee), Mr. Chu Yat Pang Terry and Mr. Cheung Kok

Cheong, both are independent non-executive Directors.

Our Nomination Committee, which comprised a majority of independent non-

executive Directors, was chaired by the Chairman of the Board during the

year ended 31 March 2025.

Our Company has complied with Rules 3.27A of the Listing Rules, requiring

that the Nomination Committee should be chaired by the Chairman of the

Board or an independent non-executive director and comprised of a majority

of independent non-executive directors.

During the year ended 31 March 2025, one meeting of the Nomination

Committee was held to (i) assess the independence of other independent

non-executive Director; (ii) review the re-appointment of retiring Directors at

the 2024 annual general meeting of the Company; (iii) review the structure,

size, diversity and composition of the Board and determine the policy; (iv)

review the roles of the existing Directors and ascertain whether any conflict

of interests had been arisen for the Directors; (v) review the appointment and

independence of independent non-executive directors who have serviced

for more than nine years; and (vi) review the Nomination Policy and Board

Diversity Policy of the Company to ensure their effectiveness.

(d) 就董事委任或连任以及董事（尤其是主席及

最高行政人员）继任计划向董事会提出推荐

建议；及

(e) 定期检讨本公司之提名政策及董事会成员

多元化政策，确保该等政策行之有效，并

检讨达成该等政策目标之任何进展。

提名委员会成员包括执行董事兼董事会主席陈光

贤先生（提名委员会主席）、独立非执行董事朱逸

鹏先生及张国昌先生。

截至2025年3月31日止年度，提名委员会由大

多数独立非执行董事组成，并由董事会主席担任

主席。

本公司已遵守上市规则第3.27A条，当中规定提

名委员会须由董事会主席或一名独立非执行董事

担任主席，并须由大多数独立非执行董事组成。

截至2025年3月31日止年度，提名委员会曾举

行一次会议，以(i)评估其他独立非执行董事之独

立身份；(ii)检讨于本公司2024年股东周年大会

再度委任退任董事之事宜；(iii)检讨董事会之架

构、人数、成员多元化及组成并厘定政策；(iv)

检讨现任董事之角色及查明董事有否任何利益冲

突；(v)检讨服务超过九年的独立非执行董事的

委任及其独立性；及(vi)检讨本公司之提名政策

及董事会成员多元化政策，确保该等政策行之有

效。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

During the year ended 31 March 2025, one meeting of the Nomination

Committee was held, with all members in attendance. The attendance of

each member is stated as follows:

Executive Director:

执行董事：

Mr. Chan Kwong Yin William (Chairman of the Nomination Committee)1/1

陈光贤先生（提名委员会主席）

Independent Non-executive Directors:

独立非执行董事：

Mr. Chu Yat Pang Terry1/1

朱逸鹏先生

Mr. Cheung Kok Cheong1/1

张国昌先生

The terms of reference of the Nomination Committee are available on the

websites of our Company and of the Stock Exchange, respectively.

Nomination policy

The Board has adopted a “Nomination Policy” which governs the criteria,

procedures and process of nomination of Directors, so as to ensure that

the Board should (i) have a balance of skills and experience; (ii) always

maintain the minimum number of independent non-executive Directors as

required under the Listing Rules; and (iii) ensure the independency of those

independent non-executive Directors.

When identifying, assessing and recommending suitable candidates for

directorship for the Board’s consideration, the Nomination Committee will

take into account our Group’s current needs and qualities needed for the

Board’s service, including but not limited to:

(a) his/her ethical, integrity and maturity characters, educational and

professional backgrounds, experience in money lending business or

other relevant industry, and expertise in that area;

(b) his/her willingness to devote the required amount of time to carrying

out the duties and responsibilities of the Board and various committees’

membership for multiple terms. In this regards, the numbers of offices

held by the candidates in other public companies or organisations, and

other significant commitments, etc. will be considered;

截至2025年3月31日止年度，全体提名委员会

成员已举行一次会议。各成员于该会议之出席记

录如下：

提名委员会职权范围分别于本公司及联交所网站

可供查阅。

提名政策

董事会已采纳「提名政策」，规管提名董事之准

则、程序及流程，从而确保董事会将(i)具备均衡

之技能与经验；(ii)时刻保持上市规则所规定最少

数目之独立非执行董事；及(iii)确保该等独立非

执行董事具备独立身份。

于物色、评估及推荐合适出任董事之人选以供董

事会考虑时，提名委员会将考虑本集团现行需要

及为董事会服务所需具备之质素，包括但不限

于：

(a) 彼之道德、诚信及成熟性格、教育及专业

背景、于放债业务或其他相关行业之经验

以及于该范畴之专业知识；

(b) 彼就于多个任期内履行董事会职务及职责

以及担任各委员会成员投放所需时间之意

愿。就此而言，候选人于其他公众公司或

组织担任之职务数目以及其他重大承担将

纳入考虑；

Attendance/
Number of Nomination
Members of the Nomination Committee	Committee meeting held
Members of the Nomination Committee	出席次数╱
提名委员会成员	提名委员会会议举行次数

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

assessment of the independence if he/she is appointed as independent

non-executive Directors; and

(d) his/her willingness to comply with the Listing Rules and other regulatory

requirements in full for discharging his/her obligations.

For those potential candidates who appear upon first consideration to meet

the above criteria, the Nomination Committee will conduct appropriate

inquiries and arrange for in-person meeting with such candidates. Depending

on the results of such inquiries and interviews, the Nomination Committee will

propose this candidate to the Board for election at the forthcoming annual

general meeting of the Company.

Board diversity

The Board has adopted a “Board Diversity Policy”, which requires the

Nomination Committee of our Company to review annually the structure,

size, diversity and composition of the Board and where appropriate, make

recommendations on any proposed changes to the Board for achieving

diversity to our Board members, so as to enhance the quality of our

performance. In relation to reviewing and assessing the Board’s composition,

the Nomination Committee has considered a number of aspects, including

but not limited to gender, age, cultural and educational background,

professional qualifications, skills, knowledge and industry and regional

experience.

During the year, the Company’s implementation of the Board Diversity

Policy incorporated the measurement of female Board representation as a

quantifiable objective. The Company has appointed Ms. Chan Siu Ching as its

first female executive Director and as of 31 March 2025, the Board was made

up of one female and six male Directors, reflecting the Company’s on-going

belief to achieve gender diversity. The Company shall continue to uphold the

appointment based on merit principle while adhering to the Board Diversity

Policy on the whole, and aim to maintain a comparable level of female

representation on the Board.

Further, as at 31 March 2025, the workforce (including executive Directors

and senior management) has accomplished a gender ratio of 49 (2024:

48) males: 51 (2024: 52) females, which represented a measurable goal

for gender diversity of the Group. For more information concerning the

composition of the Group’s workforce, please refer to the section named

“Social Aspects” under the Environmental, Social and Governance Report.

与本集团业务产生之利益冲突及评估彼之

独立身份；及

(d) 彼全面遵守上市规则及其他监管规定或履

行彼之责任之意愿。

就于首轮考虑中似乎符合上述标准之潜在候选人

而言，提名委员会将作出适当查询，并安排亲身

与该名候选人会面。提名委员会将视乎有关查询

及面谈结果而向董事会建议该名候选人于本公司

应届股东周年大会接受选举。

董事会成员多元化

董事会已采纳「董事会成员多元化政策」。本公

司提名委员会须就此每年检讨董事会架构、人

数、成员多元化及组成，并就（如适用）任何为

达致董事会成员多元化而拟对董事会作出之变动

提出推荐建议，从而提升本公司表现水平。就检

讨及评估董事会组成而言，提名委员会已考虑多

项因素，包括但不限于性别、年龄、文化及教育

背景、专业资格、技能、知识以及行业及地区经

验。

年内，本公司在实行董事会成员多元化政策时，

将女性纳入为董事会代表之衡量作为可量化目

标。本公司委任陈小菁女士为其首位女性执行董

事，截至2025年3月31日，董事会由一名女性

董事以及六名男性董事组成，反映本公司达致性

别多元化之持续信念。本公司将继续秉持任人唯

贤之原则，同时整体上遵守董事会成员多元化政

策，致力维持董事会有女性代表之水平。

此外，截至2025年3月31日，员工队伍（包括

执行董事和高级管理人员）之性别比率为男性49

（2024年：48）：女性51（2024年：52），代表

本集团性别多元化之可衡量目标。有关本集团员

工构成之更多信息，请参阅环境、社会及管治报

告中名为「社会方面」的部分。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

Apart from the gender diversity, the Board and the Nomination Committee

will also consider all other measurable objectives that have been set for

implementing the Board Diversity Policy for achieving diversity on the

Board and recommend them to the Board as selection criteria for potential

candidate to the Board. The Company aims to build and maintain an

appropriate balance of diversity perspectives of the Board that are considered

beneficial to the Company, and will regularly review the progress on achieving

those measurable objectives set out in the Board Diversity Policy.

The Board and Nomination Committee have reviewed and will continue

to review the implementation and effectiveness of this policy on an annual

basis, as appropriate, and discuss any revisions that may be required, and

recommend any such revisions to the Board for consideration and approval.

ACCOUNTABILITY AND AUDIT

Financial reporting

The financial results of our Group are announced in a timely manner in

accordance with all statutory requirements, particularly the timeframe as

stipulated in Rule 13.49(1) and Rule 13.49(6) of the Listing Rules.

All Directors acknowledged their responsibility for preparing the financial

statements of our Group on a going concern basis, with supporting

assumptions or qualifications as necessary, for each financial period which

gives a true and fair view of our Group’s financial affairs for the year ended 31

March 2025.

The statement of the auditors about their reporting responsibilities on

the financial statements of our Group is set out in the section headed

“Independent Auditor’s Report”.

Risk management and internal control

The maintenance of a sound and effective risk management and internal

control systems in our Group is important to safeguard our Shareholders’

investment and our Group assets.

The Board acknowledges that it is its duty to oversee our Group’s risk

management and internal control systems on an ongoing basis and to review

their effectiveness at least annually. These systems are designated to manage

rather than eliminate the risk of failure to achieve our business objectives, and

could only provide reasonable but not absolute assurance against material

misstatement or loss.

除了性别多元化之外，董事会及提名委员会将考

虑所有其他就实行董事会成员多元化政策而制定

之可计量目标，务求达致董事会成员多元化，并

向董事会建议该等目标，作为董事会对候选人之

遴选准则。本公司拟建立及适当平衡董事会成员

多元化观点，此举对本公司有利，并将定期检讨

达致董事会成员多元化政策所载该等可计量目标

之进展。

提名委员会已检讨并将继续检讨（视适用情况而

定）此政策及讨论任何须对此政策作出之修订，

并向董事会提出修订建议，以供董事会考虑及批

准。

问责及审核

财务申报

本集团之财务业绩根据所有法律规定（尤其是上

市规则第13.49(1)及13.49(6)条指明之时限），

在适当时间公布。

全体董事确认彼等有责任就各个财政期间，按持

续经营基准编制本集团之财务报表，连同佐证假

设或资历（倘需要），以真实及公平地反映本集团

截至2025年3月31日止年度之财政事务。

核数师就其对本集团财务报表之申报责任发表之

声明载于标题为「独立核数师报告」章节内。

风险管理及内部监控

本集团维持稳建及有效之风险管理及内部监控制

度对保障股东投资及本集团资产而言极为重要。

董事会深明其有责任持续监督本集团之风险管理

及内部监控制度，并至少每年检讨其成效。此等

制度旨在管理而非消除无法达成业务目标之风

险，并仅就避免出现重大错误陈述或损失提供合

理而非绝对保证。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

During the year, with the assistance from APAC, our Group has identified

and evaluated the relevant risks of our Group through a series of interviews.

During the risk identification and evaluation processes, relevant risks were

identified, evaluated and categorised into four sections, namely financial,

compliance, strategic and operational, and our Group maintained a risk

Audit Committee and our management a profile of those major and significant

risks and a record of management’s action taken to mitigate these risks.

Each risk is evaluated at least annually based on its likelihood of occurrence

and potential impact to our Group. This risk register is updated by our

management as the risk owners with addition of new risks and/or removal of

existing risks, if applicable, at least annually, after the annual risk evaluation

and review have been performed.

The following principal and significant risks of the Group, identified and

classified into strategic risk, operational risk, compliance risks and financial

risk were as follows:

Strategic risk:

Unfavourable macro-economic conditions and the diverse factors, such

as ongoing interest rate hikes in the U.S., prolonged geopolitical tensions,

deceleration in China’s economic growth, etc. may affect the economic and

business conditions. Hence, cost of funding, revenue, financial performance,

operational results and business prospects may be materially and adversely

affected.

On the other hand, keen competition in the money lending industry may

impact the business, financial performance and operational results of the

Group.

Operational risk:

The decline in the value or residual value of mortgaged property will lead

to the reduction of the safety margin of the loan, and the risk of recovering

the full amount of the loan receivables will be increased when they come to

default.

于年内，在亚太之协助下，本集团透过进行一连

串会面而识别及评估本集团之相关风险。于风险

识别及评估过程中，相关风险已获识别及评估，

并分为财务、合规、策略及营运四类。本集团设

有风险记录以追踪所有已识别风险，为董事会、

审核委员会及管理层提供该等主要及重大风险概

要，并记录管理层为减轻该等风险而采取之行

动。各项风险根据其发生可能性及对本集团之潜

在影响至少每年进行评估。进行年度风险评估及

检讨后，风险记录至少每年由管理层以风险拥有

人身份更新，加入新风险及╱或移除现有风险

（如适用）。

下列本集团之主要及重大风险乃按下列方式识别

分类为策略风险、经营风险、合规风险及财务风

险：

策略风险：

不利的宏观经济状况以及美国持续加息、持久的

地缘政治紧张局势、中国经济增长减速等多种因

素或会影响经济及商业状况。因此，资金成本、

收益、财务表现、经营业绩及业务前景可能会受

到重大不利影响。

另一方面，放债行业竞争激烈可能会影响本集团

之业务、财务表现及经营业绩。

经营风险：

按揭物业之价值或剩余价值下跌将导致贷款之安

全保证额减少，并且当应收贷款违约时，收回全

额之风险将会增加。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

Compliance risk:

Apart from the MLO and the Listing Rules, the Group also placed significant

awareness on the compliance of Anti-Money Laundering (“AML”) and

Counter-Terrorist Financing (“CTF”). Any non-compliance and/or violation

with the relevant guidelines on AML-CTF matters may expose significant

compliance risk to the Group and the Group may commit offences under

the laws of Hong Kong. Besides, the resource and cost in managing and

minimising the compliance risk of AML and CTF may also be high to the

Group.

Financial risk:

Delay or default in payments by the customers may affect the Group’s

financial position and cash flow. Subordinate property mortgage loans have

a higher credit risk than first property mortgage loans, and credit risk and

recoverability of provision of loans may incur bad debts during downturn

of economy. An increase in credit defaults may be resulted from various

negative market sentiments.

During the year, the Board has appointed APAC to review and assess our

Group’s effectiveness of the risk management and internal control systems,

covering all material controls, including financial, operational, and compliance

controls, with a view to ensure the adequacy of resources, staff qualification

and experience, training programmes and budget of our accounting and

financial reporting functions. APAC had prepared the risk assessment report

and internal control report to the Audit Committee and the Board for their

review, which covered all material controls, including financial, operational,

compliance and strategical controls and risk management function and

control of our Group. Moreover, improvements in internal control systems

as recommended by APAC to enhance the risk management and internal

control systems of our Group were also adopted by the Board. Based on

the review findings and recommendation of APAC as well as the comments

and suggestion of our Audit Committee, our Board considered the risk

management and internal control systems are effective and adequate.

Function of internal audit

Currently our Group has no internal audit function. The Board has discussed

and reviewed the need for an internal audit function and is of the view that

in light of the size, nature and complexity of the business of our Group, it

would be more cost effective to appoint external independent professionals

to perform our internal audit functions and to review, at least annually, our

risk management and internal control systems. Although our Group did not

establish internal audit function during the year, the Board will continue to

review a least annually the need for the function of internal audit.

合规风险：

除放债人条例及上市规则外，本集团亦高度

重视打击洗钱（「AML」）及恐怖分子资金筹集

（「CTF」）条例。任何不遵守及╱或违反有关

AML-CTF事宜之相关指引可能给予本集团构成

重大合规风险，以及本集团可能触犯香港法律项

下罪行。此外，本集团可能需要耗费大量资源及

成本去管理及降低AML及CTF合规风险。

财务风险：

客户的延迟或拖欠付款可能会影响本集团的财务

状况及现金流量。次级物业按揭贷款较第一物业

按揭贷款拥有更高的信贷风险，且提供贷款的信

贷风险及可收回性可能会在经济衰退时出现坏

账。各种负面的市场情绪可能会导致信贷违约增

加。

于年内，董事会已委聘亚太检讨及评估本集团风

险管理及内部监控制度之成效，涵盖所有重大监

控方面，包括财务、营运及合规监控，务求确保

资源、员工资历及经验、培训计划以及会计及财

务申报职能之预算充分。亚太已编制风险评估报

告及内部监控报告以供审核委员会及董事会审

阅，当中涵盖本集团所有重大监控方面，包括财

务、营运、合规及策略监控以及风险管理职能及

监控。此外，董事会亦已采纳亚太建议之内部监

控制度改善措施，以提升本集团风险管理及内部

监控制度。根据亚太之检讨结果及推荐建议以及

审核委员会之意见及建议，董事会认为风险管理

及内部监控制度有效及充分。

内部审计职能

本集团目前不设内部审计职能。董事会已讨论及

检讨是否需要设立内部审计职能，并基于本集团

业务规模、性质及复杂程度，认为委聘外聘独立

专业人士至少每年履行内部审计职能以及检讨风

险管理及内部监控制度更符合成本效益。尽管本

集团于年内不设内部审计职能，惟董事会将继续

至少每年检讨是否需要设立内部审计职能。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

Inside information

The Board has implemented procedures and internal controls for the handling

and dissemination of inside information. Our Group has adopted the inside

information policy which aims to set out guidelines to the Group’s directors,

officers and all relevant employees to ensure inside information (as defined

below) of the Group is to be disseminated to the public in an equal and timely

manner in accordance with the applicable laws and regulations.

The term “relevant employee” refers to employee of the Group, because of

his office or employment, who is likely to be in possession of the unpublished

inside information (as defined below).

Under the new Part XIVA of the SFO, inside information is the specific

information about the Company, its Shareholders or officers or its listed

securities or derivatives, which is not generally known to the persons who are

accustomed, or would be likely, to deal in the company’s listed securities but

would, if generally known to them, be likely to materially affect the price of the

Company’s listed securities.

During the year ended 31 March 2025, the Board had reviewed the

Company’s inside information policy, no matters arose from the review.

COMPANY SECRETARY

During the year ended 31 March 2025, our Company Secretary undertook no

less than 15 hours of relevant professional training.

COMMUNICATION WITH SHAREHOLDERS AND INVESTOR

RELATIONS

The Board has established a Shareholders’ communication policy for

maintaining an on-going dialogue with our Shareholders and other

stakeholders and encouraging them to communicate actively with our

Company.

This policy sets out the principles of our Company in relation to Shareholders’

communications, with the objective of ensuring that the communications with

our Shareholders and other stakeholders (including potential investors) with

ready, equal and timely access to balanced and understandable information

about our Group (including its financial performance, strategic goals and

plans, material developments, corporate governance and risk profile), in

order to enable our Shareholders and other stakeholders to exercise their

rights in an informed manner mainly through our Company’s corporate

communications (such as interim reports and annual reports, announcements

and circulars, and notices of meetings), annual general meetings and other

general meetings, as well as disclosure on the websites of our Company and

of the Stock Exchange, respectively.

内幕消息

董事会已就处理及发布内幕消息实施程序及内部

监控。本集团已采纳内幕消息政策，旨在为本集

团董事、高级职员及所有相关雇员制定指引，确

保本集团之内幕消息（定义见下文）根据适用之法

律及法规，以平等基准适时发放予公众。

「相关雇员」一词指本集团之雇员，因为其职务或

委聘，可能持有未经公布之内幕消息（定义见下

文）。

根据证券及期货条例全新第XIVA部，内幕消息

指关于公司、其股东或高级职员，或其上市证券

或衍生工具并非普遍为惯常（或相当可能会）买卖

公司上市证券之人士所知之特定资料，但如普遍

为彼等所知，则相当可能会对公司上市证券之价

格造成重大影响。

截至2025年3月31日止年度，董事会已检讨本

公司之内幕消息政策，有关检讨概无注意到任何

事宜。

公司秘书

截至2025年3月31日止年度，公司秘书已接受

不少于15个小时之相关专业培训。

与股东沟通及投资者关系

董事会已制定股东通讯政策以与股东及其他持份

者持续对话，以及鼓励彼等积极与本公司沟通。

此政策载列本公司有关股东通讯之原则，旨在确

保与股东及其他持份者（包括潜在投资者）保持

沟通，并容易、公平及适时取得平衡及易于理解

之本集团资料（包括其财务表现、策略目标及计

划、重大发展、企业管治及风险概况），以确保

股东及其他持份者主要透过本公司之公司通讯

（例如中期报告及年报、公布及通函以及大会通

告）、股东周年大会及其他股东大会，以及分别

于本公司及联交所网站上之披露资料，在知情之

情况下行使其权利。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

Announcements, interim reports, annual reports and circulars and associated

explanatory documents etc. are published on the websites of our Company

and of the Stock Exchange under a dedicated “Investor Relations” section

thereon as soon as practicable in plain language and in both English and

Chinese versions or where permitted, in single language, and will be updated

on a regular basis and in a timely manner.

Our Company’s website provides our Shareholders and other stakeholders

with the corporate information, such as our principal business activities and

products, the development of corporate governance and the corporate social

responsibilities of our Group, etc.

Our Company continues to commit to a proactive policy of promoting investor

relations and effective communication with our Shareholders and analysts

by maximising the use of our Company’s website as a channel to disclose

our Group’s updated information and corporate communications to our

Shareholders, stakeholders and the public on a timely basis. Our Company

also encourages our Shareholders to attend shareholders’ meetings to stay

informed of our Group’s businesses and convey any concerns they may have

to the Directors and senior management.

Our Company has reviewed the implementation and effectiveness of the

Shareholders’ communication policy during the year. The senior management

discussed any revisions that may be required, and recommended any such

revisions to the Board for consideration and approval on the aspects including

(i) how to ensure the Company to provide shareholders and the investment

community with equal and timely access to the information about the Group,

and (ii) the ways to enhance effective communication with shareholders

through various platforms and channels specified in the policy.

Shareholders’ rights

1. Procedures for Shareholders to convene an extraordinary general

meeting

Pursuant to Article 58 of the Articles of Association, any one or more

Shareholders holding, at the date of deposit of the requisition, not less

than one tenth of the paid up capital of our Company carrying the right

of voting at general meetings of our Company, shall at all times have

the right to require an extraordinary general meeting (the “EGM”) to be

called by the Board.

Such requisition shall be made in writing to the Board or the Company

Secretary of our Company at our principal place of business in Hong

Kong for the purpose of requiring an EGM of our Company to be called

by the Board for the transaction of any business or resolution specified

in such requisition.

公布、中期报告、年报及通函，以及相关解释文

件已在切实可行之情况下尽快以浅白语言，并以

中英文（或在许可情况下以单一语言）刊载于本公

司及联交所网站内标题为「投资者关系」内，并将

定时及适时更新。

本公司网站向其股东及其他持份者提供主要业务

活动及产品、企业管治之发展以及本集团之企业

社会责任等公司资料。

本公司继续奉行积极进取之政策，尽量使用本公

司网站作为适时向股东、持份者及公众披露本集

团最新资料及公司通讯之渠道，促进投资者关系

以及与股东及分析员间有效沟通。本公司亦鼓励

股东出席股东大会，以紧贴有关本集团业务之资

讯，并向董事及高级管理层提出彼等之关注。

于年内，本公司检讨了股东通讯政策的实施及有

效性。高级管理层已讨论任何或须作出的修订，

并向董事会提出修订建议及批准，包括：(i)如何

确保本公司让股东及投资者能公平及适时地查阅

本集团资料，及(ii)透过该政策指定的多个平台

及途径与股东进行有效沟通的方法。

股东之权利

1. 股东召开股东特别大会之程序

根据组织章程细则第58条，任何一名或以

上于递交呈请日期持有本公司缴入股本（附

带于本公司股东大会之表决权）不少于十分

之一之股东，有权随时要求董事会召开股

东特别大会（「股东特别大会」）。

有关呈请须以书面形式寄至香港主要营业

地点向董事会或本公司之公司秘书作出，

以要求董事会就处理该呈请列明之任何事

务或决议召开本公司股东特别大会。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

Such EGM will be held within two months after the deposit of such

requisition.

If the requisition is in order, an EGM will be convened by serving

sufficient notice in accordance with the requirements under the Articles

of Association and the Listing Rules to all Shareholders. On the

contrary, if the requisition is invalid, the Shareholders concerned will be

advised of this outcome and accordingly, an EGM will not be convened

as requested.

Depending on the nature of the proposals, any EGM of our Company

at which the passing of a special resolution is to be considered shall

be called by notice of not less than twenty- one clear days. All other

EGM of our Company may be called by notice of not less than fourteen

clear days (whereas the notice shall be exclusive of the day on which it

is served or deemed to be served and of the day for which it is given),

together with the accompanying circular which also sets out details of

each proposed resolution and other relevant information as required

under the Articles of Association and the Listing Rules.

2. Procedures for raising enquiries

Shareholders may direct their queries such as their shareholdings,

share transfer and registration, change of name or address, loss of

share certificates or dividend warrants, registration and payment of

dividend, etc. to our Company’s branch share registrar and transfer

office in Hong Kong, Union Registrars Limited:

Address:Suites 3301–04, 33/F.

Two Chinachem Exchange Square

338 King’s Road

North Point, Hong Kong

Email:info@unionregistrars.com.hk

Tel:(852) 2849 3399

Fax:(852) 2849 3319

有关股东特别大会须于该呈请递交后两个

月内举行。

倘要求适当，将根据组织章程细则及上市

规则之规定向全体股东发出充分通知后召

开股东特别大会。相反，倘要求无效，相

关股东将获告知此结果，亦不会应要求召

开股东特别大会。

按建议之性质，将于会上考虑通过特别决

议案之本公司任何股东特别大会须透过发

出不少于二十一个完整日子之通知召开。

本公司所有其他股东特别大会可借由发出

不少于十四个完整日子之通知召开（通知

期不包括送达或被视为送达当日及发送当

日），连同随附之通函，当中亦载列各项建

议决议案之详情以及组织章程细则及上市

规则规定之其他相关资料。

2. 查询程序

股东可将彼等持股权、股份转让及登记、

更改姓名或地址、遗失股票或股息证、登

记及派付股息等查询发送至本公司之香港

股份过户登记分处联合证券登记有限公

司：

地址：香港北角

英皇道338号

华懋交易广场2期

33楼3301-04室

电邮：info@unionregistrars.com.hk

电话：(852) 2849 3399

传真：(852) 2849 3319

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

CORPORATE GOVERNANCE REPORT

企业管治报告

Shareholders and other stakeholders may also raise enquiries in

respect of our Group’s matters in writing to the Board or the Company

Secretary whose contact details are as follow:

Address:Unit 3410, 34th Floor

Tower II, Lippo Centre

89 Queensway, Admiralty, Hong Kong

Email:ir@hkfinance.com.hk

Tel:(852) 2525 3535

Fax:(852) 2525 3534

3. Procedures for putting forward proposals at shareholders’

meetings

(i) Proposal for election of a person other than a Director as a

Director:

Pursuant to Articles 83(2) and 85 of the Articles of Association

and the “Procedures for Shareholders to Propose a Person for

Election as a Director of the Company”, which is available at our

Company’s website, a Shareholder who wishes to propose a

person other than a retiring Director for election to the office of

Director at any general meeting should lodge:

(a) notice in writing signed by him/her concerned of his/

her intention to propose a candidate for election as a

Director which must include the personal particulars of this

nominated candidate as required by Rule 13.51(2) of the

Listing Rules; and

(b) notice in writing signed by this nominated candidate to

be proposed indicating his/her willingness to be elected

and his/her consent to publish his/her information on our

Company’s announcement.

The above-mentioned notices should be lodged and addressed

to the Chairman of the Board or Chief Executive Officer of our

Company at our principal place of business in Hong Kong, and

the period for lodgment of these notices shall commence on the

day after the dispatch of the notice of the general meeting and

end no later than fourteen (14) days prior to the date of such

general meeting.

股东及其他持份者可将有关本集团之查询

以书面形式发送至董事会或公司秘书，联

系详情如下：

地址：香港金钟金钟道89号

力宝中心二座

34楼3410室

电邮：ir@hkfinance.com.hk

电话：(852) 2525 3535

传真：(852) 2525 3534

3. 于股东大会上提呈建议之程序

(i) 建议推选董事以外之人士担任董事：

根据组织章程细则第83(2)及85条，

以及「股东提名人选参选为公司董事

的程序」（可于本公司网站查阅），股

东如欲建议退任董事以外之人士于

任何股东大会上参选董事，应递交：

(a) 由有意建议候选人参选董事之

人士签署之通知书，必须载列

上市规则第13.51(2)条所规定

该提名候选人之详情；及

(b) 获建议推选之该提名候选人签

署之通知书，表明其参选意愿

及同意于本公司公布上刊发其

资料。

上述通知书须提交并寄至香港主要

营业地点予本公司董事会主席或行

政总裁，该等通知书之递交期由寄

发股东大会通告翌日开始，并于有

关股东大会日期前不迟于十四(14)天

结束。

香港信贷集团有限公司

2025 年报

CORPORATE GOVERNANCE REPORT

企业管治报告

(ii) Procedures for putting other forward proposals at general

meetings:

To put forward proposals other than the above at a general

meeting, Shareholders should submit a written notice of those

proposals with their detailed contact information to our Company

Secretary at the principal place of business of our Company in

Hong Kong. The notice period to be given to all Shareholders

for consideration of the proposal raised by the Shareholders

concerned at general meetings varies according to the nature of

the proposal.

Constitutional Documents

On 6 September 2022, our Shareholders have approved and adopted the

amended Articles of Association. Details of the amendments to the Articles of

Association are set out in the circular of the Company dated 20 July 2022.

Our Company’s latest versions of Articles of Association are available on the

websites of our Company and of the Stock Exchange, respectively.

Dividend policy

The Board has adopted a dividend policy to allow Shareholders to participate

in our Group’s profit whilst retaining adequate reserves for our Group’s future

growth. Any distribution of dividends shall be in accordance with the Articles

of Association and with the applicable laws and regulations. The Board may

distribute dividends by way of cash, shares, or by other means as the Board

considers as appropriate.

Profit distribution shall achieve continuity, stability and sustainability and

should take into account of (i) the earning per share of our Group; (ii)

reasonable return in investment of the investors and the shareholders; (iii)

general financial conditions, cash flow situation, and business plan, future

operations and earnings, capital requirements and surplus of our Group; (iv)

any restrictions on payment of dividends by our Company’s or the Group’s

lenders; (v) the general market sentiment and circumstances; and (vi) other

factors the Board deems appropriate.

The Board will continue to review this policy as appropriate, and may declare

and distribute final dividends, interim dividends or special dividends from time

to time.

(ii) 于股东大会提出其他建议之程序：

拟在股东大会上提出上述以外之提

案，股东须提交该等建议之书面通

知，连同详细联络资料，送交本公

司在香港之主要营业地点予公司秘

书。就有关股东提出于股东大会考

虑之提案而向全体股东发出通告之

通知期因应建议之性质而有所不同。

宪章文件

于2022年9月6日，本公司股东批准并采纳经

修订组织章程细则。经修订组织章程细则之详情

载于本公司日期为2022年7月20日之通函。

本公司组织章程细则之最新版本分别于本公司及

联交所网站可供查阅。

股息政策

董事会已采纳股息政策，以便与股东分享本集团

溢利，同时为本集团日后发展保留充足储备。任

何股息分派均须符合组织章程细则以及适用法律

及规例之规定。董事会可以现金、股份或董事会

认为适当之其他方式分派股息。

溢利分派应实现持续、稳定及可持续发展，并应

计及(i)本集团每股盈利；(ii)投资者及股东之合理

投资回报；(iii)整体财务状况、现金流量状况以

及本集团业务计划、未来营运及盈利、资金需要

及盈余；(iv)本公司或本集团贷款人对股息派付

之限制；(v)整体市场氛围及情况；及(vi)董事会

视为适当之其他因素。

董事会将继续于适当时候检讨此政策，并可能不

时宣派及分派末期股息、中期股息或特别股息。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

INTRODUCTION

Since the establishment of our Group more than 20 years ago, our Group

has been principally engaged in the money lending business of providing

secured property mortgage loans and unsecured property owners loans in

Hong Kong. In October 2013, our Group was listed on the Main Board of the

Stock Exchange and we are the first Hong Kong listed company specialising

in secured property mortgages with a solid financial background and high

transparency. We are still focusing on our core business in secured property

mortgage loans under our well-known and highly recognised brand name

“Hong Kong Finance”. We also expanded our money lending business in

unsecured property owners loans in order to diversify ourselves in different

money lending market segments, capture new market opportunities and to

enhance our overall interest margin.

We aim to provide “professional, reliable and flexible” mortgage services

to our customers. Our experienced sales managers provide customised

solutions based on the specific needs of customers. In order to build a

harmonious community, our Group strives to maintain a sustainable business

and contribute to society.

Sustainable development is an integral part of our business strategy in order

to achieve business excellence and to enhance capabilities for long-term

competitiveness. Our Group is committed to maintaining our operation in a

manner that is economically, socially and environmentally sustainable while

balancing the interests of our various stakeholders and fostering a positive

impact on society. Our sustainability strategy is based on compliance with

the applicable legal requirements, principles of sustainability and opinions

from stakeholders. We have established and implemented various policies

to manage and monitor the risks related to the environment, employment,

operating practices and community. Details of the management approach to

the sustainable development of different areas are illustrated in this report.

STAKEHOLDER ENGAGEMENT AND MATERIALITY

ASSESSMENT

The Group understands the success of the Group’s business depends on the

support from its key stakeholders, who (a) have invested or will invest in the

Group; (b) have the ability to influence the outcomes within the Group; and

impact of the Group’s activities, products, services and relationships. It allows

the Group to understand risks and opportunities. The Group will continue to

ensure effective communication and maintain good relationship with each of

its key stakeholders.

绪言

自本集团成立二十多年以来，本集团主要于香港

从事提供有抵押物业按揭贷款及无抵押业主贷款

之放债业务。于2013年10月，本集团于联交所

主板上市，为首间专门从事有抵押物业按揭之香

港上市公司，具有稳健财务背景及高透明度。我

们仍以知名及深入民心之「香港信贷」品牌专注经

营有抵押物业按揭贷款之核心业务。我们亦扩充

旗下无抵押业主贷款之放债业务，借以多元发展

不同放债市场分部，从而把握市场新机遇及提高

整体息差。

我们之目标乃为客户提供「专业、可靠及灵活」之

按揭服务。我们经验丰富之销售经理根据客户个

别需要提供度身制定之解决方案。为创建和谐社

区，本集团矢志维持可持续发展业务，并为社会

作出贡献。

可持续发展为我们业务策略其中一部分，借以取

得卓越业务表现以提升长远竞争力。本集团锐意

以经济、社会及环境可持续之方式营运，同时兼

顾各持份者之利益，并为社会带来积极影响。可

持续策略乃基于遵守适用法律规定、可持续原则

及持份者之意见。我们已制定及实施各项政策管

理及监察有关环境、雇佣、营运惯例及社区之风

险。有关不同范畴可持续发展之管理方针详情于

本报告中详述。

持份者参与及重大性评估

本集团深明本集团业务成功有赖(a)现已投资或

将投资本集团；(b)能够影响本集团内部成果；

及(c)于本集团活动、产品、服务及关系中拥有

权益或受到或可能会受到有关影响之主要持份者

之支持，让本集团了解所涉及风险及掌握机遇。

本集团将继续确保与各主要持份者有效沟通及维

持良好关系。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Stakeholders are prioritised from time to time in view of the Group’s roles

and duties, strategic plan and business initiatives. The Group engages with

its stakeholders to develop mutually beneficial relationships and to seek

their views on its business proposals and initiatives as well as to promote

sustainability in the marketplace, workplace, community and environment.

The Group acknowledges the importance of intelligence gained from

the stakeholders’ insights, inquiries and continuous interest in the

Group’s business activities. The Group has identified key stakeholders

that are important to our business and established various channels for

communication. The following table provides an overview of the Group’s key

stakeholders, and various platforms and methods of communication are used

to reach, listen and respond.

基于本集团之角色与职责、策略规划及业务计

划，持份者不时获优先考虑。本集团与持份者合

作发展互利关系，并向彼等征询有关业务建议及

计划之意见，以及促进市场、工作场所、社区及

环境可持续发展。

本集团明白到向持份者了解彼等对本集团业务活

动之见解、疑问及持续权益攸关重要。本集团已

识别对我们业务至关重要之主要持份者，并设立

各种沟通渠道。下表概述本集团主要持份者以及

用以联络、聆听及回应之各个平台和沟通方法。

Stakeholders	Issues of concern	Engagement channels
持份者	关注事项	接触渠道
Government and regulatory authorities 政府及监管机关	• Comply with the laws and regulations • Proper tax payment • Promote regional economic development and employment • 遵守适用法律及法规 • 依法纳税 • 推动区域经济发展及就业	• On-site inspections and checks • Research and discussion through work conferences, work reports preparation and submission for approval • Annual reports and announcements • Company website • 实地检验及检查 • 透过工作会议、编制工作报告及提交批准展开研究及讨论 • 年报及公布 • 本公司网站
Shareholders and Investors 股东及投资者	• Return on the investment • Information disclosure and transparency • Protection of interests and fair treatment of shareholders • 投资回报 • 资料披露及透明度 • 保障股东利益及公平待遇	• Annual general meeting and other shareholder meetings • Annual reports and announcements • Newsletter • Meeting with investors and analysts • Websites of the Company and of the Stock Exchange • Company contact information • 股东周年大会及其他股东大会 • 年报及公布 • 通讯 • 与投资者及分析员会面 • 本公司网站及联交所网站 • 本公司联络资料

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Stakeholders	Issues of concern	Engagement channels
持份者	关注事项	接触渠道
Employees 雇员	• Safeguard the rights and interests of employees • Working environment • Career development opportunities • Self-actualisation • Occupational health and safety • Staff remuneration, benefits and well- being • 保障雇员权利及权益 • 工作环境 • 事业发展机会 • 自我实现 • 职业健康与安全 • 员工薪酬、福利及福祉	• Meetings and conferences • Trainings, seminars, briefing sessions • Entertainment, cultural and sport activities • Feedback box • 会面及会议 • 培训、研讨会及简介会 • 娱乐、文化及体育活动 • 意见反馈箱
Customers 客户	• Legal and high-quality products • Stable relationship • Information transparency • Business ethics • 合法及优质产品 • 稳定关系 • 资料透明 • 商业道德	• Email and customer service hotline • Visits and meetings • 电邮及客户服务热线 • 观访及会面
Bank 银行	• To repay loans on schedule, monitor operating conditions and risks and operate with honesty and credibility • 按时偿还贷款、监察营运状况及风险，并以诚信方式营运	• Work conferences • On-site visits, post-loan tracking and various business communication • 工作会议 • 实地访查、贷后追踪及各种商业通讯
Financial Institution 财务机构	• Compliance with the laws and regulations • 遵守适用法律及法规	• Work conferences • On-site visits, post-loan tracking and various business communication • 工作会议 • 实地访查、贷后追踪及各种商业通讯
Peer/Industry associations 同业╱行业协会	• Experience sharing and cooperation • Fair competition • 经验分享与合作 • 公平竞争	• Industry conference and seminars • Site visit • Website of the Company • 行业会议及研讨会 • 实地访查 • 公司网址
Media 传媒	• Transparent information • Communication with media • 资料透明 • 媒体交流	• Media • Interviews • Media conference • Media gathering • 传媒 • 访问 • 传媒座谈会 • 传媒聚会
Public and Communities 公众人士及社区	• Community involvement • Social responsibilities • 社区参与 • 社会责任	• Volunteering • Charity and social investment • Annual reports • 义工服务 • 慈善及社会投资 • 年报

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Through general communication with stakeholders, the Group understands

the expectations and concerns from stakeholders. The feedbacks obtained

allow the Group to make more informed decisions, and to better assess and

manage the resulting impact.

The Group has adopted the principle of materiality in ESG reporting by

understanding the key ESG issues that are important to the business of the

Group. All the key ESG issues and key performance indicators (KPIs) are

reported in this report according to recommendations of the ESG Reporting

Guide (Appendix C2 of the Listing Rules) and the GRI Guidelines.

The Group has evaluated the materiality and importance of ESG aspects

through the following steps:

Step 1: Identification – Industry Benchmarking

• Relevant ESG areas were identified through the review of relevant ESG

reports of the local and international industry peers

• The materiality of each ESG area was determined based on the

importance of each ESG area to the Group through internal discussion

of the management and the recommendation of the ESG Reporting

Guide (Appendix C2 of the Listing Rules).

Step 2: Prioritisation – Stakeholder Engagement

• The Group discussed with key stakeholders on key ESG areas

identified above to ensure all the key aspects were covered.

Step 3: Validation – Determining Material Issues

• Based on the discussion with key stakeholders and internal discussion

among the management, the Group’s management ensured that all

the key and material ESG areas, which were important to the business

development, were reported and in compliance with the ESG Reporting

Guide.

As a result of this process carried out in the year ended 31 March 2025,

those important ESG areas to the Group were discussed in this report.

藉著与持份者之平常沟通，本集团理解到持份者

之期望与关注，而所获得反馈意见让本集团得以

作出更明智决策以及更有效评估及管理因此产生

之影响。

本集团了解对本集团业务至关重要之关键环

境、社会及管治事宜，故于此报告中采取重大

性原则。根据上市规则附录C2《环境、社会及

管治报告指引》及《全球报告倡议组织指引》(GRI

Guidelines)之建议，于本报告中汇报所有关键环

境、社会及管治事宜以及关键绩效指标（「关键绩

效指标」）。

本集团透过以下步骤评估环境、社会及管治范畴

之重大性及重要性：

第一步：识别－行业基准

‧ 透过检视本地及国际同业之有关环境、社

会及管治报告识别相关环境、社会及管治

范畴

‧ 基于透过管理层内部讨论得出对本集团至

关重要之各环境、社会及管治范畴以及上

市规则附录C2《环境、社会及管治报告指

引》之建议，厘定各环境、社会及管治范畴

之重大性。

第二步：优先考虑－持份者参与

‧ 本集团与主要持份者讨论上述所识别关键

环境、社会及管治范畴，以确保涵盖所有

关键范畴。

第三步：有效验证－厘定重要议题

‧ 基于与主要持份者之讨论及管理层间之内

部讨论，本集团管理层确保就所有对业务

发展至关重要之关键及重大环境、社会及

管治范畴作出报告并符合《环境、社会及管

治报告指引》规定。

基于截至2025年3月31日止年度进行了以上程

序，故于本报告内讨论该等对本集团至关重要之

环境、社会及管治范畴。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

ESG GOVERNANCE

Board’s oversight of ESG issues

Board’s overall vision and strategy in managing ESG issues

The Board has a primary role in overseeing the management of the Group’s

sustainability issues. During the year, the Board spent time in evaluating

the impact of ESG-related risks on our operation and formulating relevant

policy in dealing with the risks. The oversight of the Board is to ensure the

management has all the right tools and resources to oversee the ESG issues

in the context of strategy and long-term value creation.

ESG Working Group

The Group attaches great importance to ESG work. Under the leadership

of the Board, a working group has been set up (“ESG Working Group”)

to implement specific safety and environmental protection work so as to

comply with government requirements, implement the concept of “safety and

environmental protection” in its operation and fulfil its social responsibilities.

The ESG Working Group is primarily responsible for reviewing and supervising

the ESG process and its risk management of the Group. Different ESG issues

were reviewed by the ESG Working Group at the meeting, which is held

once per year. During the reporting period, the ESG Working Group and the

management reviewed the ESG governance and different ESG issues. The

ESG Working Group mainly consisted of an Executive Director and two senior

managers of the Group.

Board’s ESG management approach and strategy for material ESG-

related issues

In order to better understand the opinions and expectations of different

stakeholders on our ESG issues, a materiality assessment is conducted

each year. We ensure various platforms and channels of communication are

used to reach, listen and respond to our key stakeholders. Through general

communication with stakeholders, the Group understands the expectations

and concerns of stakeholders. The feedbacks obtained allow the Group

to make more informed decisions, and to better assess and manage the

resulting impact.

环境、社会及管治

董事会对环境、社会及管治事宜之监管

董事会在管理环境、社会及管治事宜方面的整体

愿景及策略

董事会在监督本集团的可持续发展事宜方面担当

主要角色。于年内，董事会花费时间评估环境、

社会及管治相关风险对营运的影响，并制定相关

政策以处理相关风险。董事会的督导确保管理层

拥有一切合适的工具及资源，以便因应策略及创

造长期价值方面督导环境、社会及管治事宜。

环境、社会及管治工作小组

本集团非常重视环境、社会及管治工作。在董事

会的领导下，一个工作小组已被成立（「环境、社

会及管治工作小组」），以实行具体的安全及环保

工作，例如遵守政府规定、于营运中落实「安全

及环保」概念及履行其社会责任。

环境、社会及管治工作小组主要负责检讨及监管

本集团的环境、社会及管治流程以及其风险管

理。环境、社会及管治工作小组在每年举行一次

的会议上审视不同的环境、社会及管治事宜。于

报告期内，环境、社会及管治工作小组与管理层

审视环境、社会及管治的治理以及不同的环境、

社会及管治事宜。环境、社会及管治工作小组主

要由本集团一名执行董事及两名高级管理人员组

成。

董事会的环境、社会及管治管理方针和对重大环

境、社会及管治相关事宜的策略

为更深入了解不同持份者对我们环境、社会及管

治事宜的意见和期望，我们每年进行重要性评

估。我们确保利用各种沟通平台和管道来接触、

聆听及回应主要持份者。通过与持份者进行一般

沟通，本集团可了解持份者的期望和关注事宜。

获得的回馈意见有助本集团作出更明智的决策，

以及更妥善评估及管理由此产生的影响。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The Group has evaluated the materiality and importance of ESG aspects

through the steps: (1) material ESG area identification by industry

benchmarking; (2) key ESG area prioritisation with stakeholder engagement;

and (3) validation and determining material ESG issues based on results

of communication among stakeholders and the management. Hence, this

can enhance understanding of their degree and change of attention to each

significant ESG issue and can enable us to more comprehensively plan our

sustainable development work in the future. Those important and material

ESG areas identified during our material assessment were discussed in this

report.

A. ENVIRONMENTAL ASPECTS

The Group is mainly involved in office operations and its business

activities do not have significant impact on the environment or natural

resources. In spite of this, as a financial services provider, we recognise

that we have an obligation to reduce the impact of our operations on

the environment and be accountable for the resources and materials

that are used in our daily operations. We are committed to continuously

improving our environmental sustainability by responsibly managing

our operation, reducing our carbon footprint and using resources

effectively.

Throughout the year, the Group fully complied with all of the relevant

environmental laws and regulations in Hong Kong, such as the Air

Pollution Control Ordinance (Cap. 311), the Sewage Services Ordinance

(Cap. 463) and the Waste Disposal Ordinance (Cap. 354). Besides, no

concluded case regarding environmental issues was brought against

us or our employees. We also regularly update itself with the latest

developments of the applicable laws and regulations on environmental

protection.

Apart from complying with the environmental protection rules and

standards, the Group emphasises environmental protection and

seeks ways to enhance efficiency in the use of natural resources and

reduce the environmental impact of its business operation. We take

the initiative to formulate and implement the “Corporate Environmental

Policy” to establish relevant emissions reduction and energy-saving

initiatives internal policies and campaigns to facilitate the effective use

of natural resources and eco-friendly operations. We also encourage

employees to build up environmental-friendly habits through notice and

promotion to save resources and minimise pollution.

本集团已透过以下步骤评估环境、社会及管治层

面的重要性及重大性：(1)参考行业基准识别重

大环境、社会及管治范畴；(2)在持份者参与下

按优次排定主要环境、社会及管治范畴；及(3)

根据持份者与管理层之间的沟通结果确认和厘定

重大环境、社会及管治事宜。因此，此可以加强

了解彼等对各项重大环境、社会及管治事宜的关

注程度和变化，使我们能更全面规划未来的可持

续发展工作。我们在本报告中对重要性评估所识

别重要和重大的环境、社会及管治范畴进行讨

论。

A. 环境方面

本集团主要于办公室进行业务且业务活动

对环境或天然资源并无重大影响。尽管如

此，我们作为金融服务供应商明白到有义

务减少营运对环境之影响，并须对我们日

常营运中使用之资源及材料负责。我们致

力以负责任方式管理业务、减少碳足迹及

善用资源，不断改善环境方面之可持续发

展。

本集团于整个年度一直全面遵守香港所有

相关环境法律及法规，例如《空气污染管

制条例》（第311章）、《污水处理服务条

例》（第463章）及《废物处置条例》（第354

章）。此外，概无任何针对我们或我们之雇

员提出有关环境事宜之已终结案件。我们

亦定期获取有关适用环保法律及法规最新

发展之资料。

除遵守环保规则及标准外，本集团亦重视

环保，并寻求提高天然资源使用效率及减

少业务营运对环境影响之方法。我们主动

制定并实施「公司环境政策」，制定相关减

排及节能举措内部政策和运动，以促进善

用天然资源及以对生态友善之方式营运。

我们亦透过通知及宣传鼓励雇员养成环保

习惯，从而节省资源及尽量减少污染。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

A1. EMISSIONS

Air Pollutant Emissions

Air pollutant emissions control is essential to mitigate the impact

on the environment and to protect the health of employees.

As the Group is mainly involved in general office activities, the

amount of air pollutant emissions is insignificant. Our air pollutant

emissions are mainly generated from mobile sources. We take

the initiative to formulate plans in transportation management

for the reduction of air pollutant emissions in our daily business

operation, for example encouraging employees and clients to

take video conferences instead of unnecessary transportation.

The air pollutant emissions in 2025 decreased was due to the

reduction of vehicle usage in business operations during the year.

Furthermore, the Group targets to manage the reduction of air

pollutants emissions to be in line with the growth of our Group’s

money lending business or the increase of employee number in

the medium to long term time horizon in future. The details of air

pollutant emissions of the Group during the reporting period were

as follows:

Type of Air Pollutant EmissionUnit

空气污染物排放类别单位

Nitrogen oxides (NO

)kg

氮氧化物(NO

)公斤

Sulphur dioxide (SO

)kg

二氧化硫(SO

)公斤

Particulate matter (PM)kg

悬浮粒子(PM)公斤

Greenhouse Gas (“GHG”) Emission

GHG is considered as one of the major contributors to the

climate change and global warming. The Group recognises that

climate change is gradually concerned by the community as it

affects our daily life and poses a risk to its business. Hence, we

are committed to mitigating the effects of climate change and to

protecting the health of employees.

A1. 排放物

空气污染物排放

控制空气污染物排放乃减轻对环境之影响

及保障雇员健康之重要一环。由于本集团

主要涉及一般办公室活动，故空气污染物

排放量甚微。我们之空气污染物排放主要

源自移动源。我们主动制定交通管理计

划，以减少日常业务中之空气污染物排

放，例如鼓励雇员和客户采用视像会议取

替不必要交通安排。2025年空气污染物排

放量之减少，乃由于年内业务运作中车辆

使用量的降低。此外，本集团的目标为管

理减少空气污染物排放，使其与本集团放

债业务的增长或未来中长期内员工人数的

增加保持一致。于报告期内，本集团空气

污染物排放详情如下：

温室气体（「温室气体」）排放

温室气体被视为造成气候变化及全

球暖化之其中一项主要因素。由于

气候变化影响我们日常生活及对本

集团业务构成风险，故本集团深明

气候变化日渐备受社会关注。因

此，我们致力尽量将气候变化之影

响降至最低，并保障雇员健康。

For the year ended 31 March
截至3月31日止年度
2025
2025年
6.26
0.12
0.46

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The major sources of our GHG emissions are the fuel used by

vehicles and indirect emissions through electricity consumption

for our office operations. The Group strives to improve energy

efficiency and reduce energy consumption so as to minimise GHG

emissions by adopting energy-saving initiatives mentioned in the

section “Use of Resources” of this ESG Report. The GHG Scope 1

emissions for the year ended 31 March 2025 decreased was due

to the reduction of vehicle usage in business operations during the

year. Furthermore, the decrease in GHG Scope 2 emissions was

mainly attributable to the decrease in electricity consumption in the

office during the reporting period. The Group will strive to reduce

the GHG emissions to be in line with the growth of our Group

money lending business or increase of employee number in the

medium to long term time horizon in future.

The detail of GHG emissions of the Group during the reporting

period was as follows:

Type of GHG EmissionsUnit

温室气体排放类别单位

Scope 1

tonnes of CO

范围1

吨二氧化碳当量

Scope 2

tonnes of CO

范围2

吨二氧化碳当量

Total GHG emissiontonnes of CO

温室气体总排放量吨二氧化碳当量

GHG emission intensitytonnes of CO

e/area in sq. ft.

温室气体排放密度吨二氧化碳当量╱每平方呎面积

Scope 1: Direct emission from sources that are owned or controlled by our Group.

Scope 2: Indirect emissions from the generation of purchased electricity consumed by our Group.

我们之温室气体排放主要源自汽车

所用燃料及透过办公室营运耗电的

间接排放。本集团致力透过采纳本

环境、社会及管治报告内「资源使

用」一节所述节能措施，提高能源效

益及减少耗用能源，从而尽量减少

温室气体排放。截至2025年3月31

日止年度，温室气体范围1排放量之

减少，乃由于年内业务运作中车辆

使用量的降低。此外，范围2排放量

之减少，主要由于报告期间办公室

用电量的减少。本集团致力减少温

室气体排放，使其与本集团放债业

务的增长或未来中长期内员工人数

的增加保持一致。

于报告期内，本集团温室气体排放

详情如下：

范围1：来自本集团拥有或控制来源之直接排放。

范围2：来自产生本集团所用购入电力之间接排放。

For the year ended 31 March
截至3月31日止年度
2025
2025年
21.24
22.33
43.57
0.01

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Hazardous and Non-hazardous Wastes

Waste management is considered as one of the material topics in

environmental protection. The Group recognises the importance

of waste reduction. Waste management measures have been

introduced and implemented to minimise the amount of waste

generated and the impact on the environment. With our business

nature, no hazardous waste is generated or discharged during

the office operation.

For non-hazardous waste, the waste is mainly generated from

daily office operations. The Group takes the initiative to reduce

waste by formulating effective measures. Generally, we have

engaged qualified recycling companies to collect and handle the

waste in accordance with the Waste Disposal Ordinance (Cap.

354) in Hong Kong. The major source of our non-hazardous

waste is paper waste.

With the aim to reduce the amount of waste generated, the

Group endeavours to cultivate environmental awareness

among employees. In order to reduce paper consumption, we

encourage our employees to consider environmentally friendly

printing such as double-sided printing and copying. We also

encourage employees to reuse single non-confidential printouts.

The waste paper is reused as fillers for packing when practicable.

有害及无害废弃物

废弃物管理被视为重要环保议题之

一。本集团深明减少废弃物攸关重

要，已推行及实施废弃物管理措

施，务求尽量减少所产生废弃物量

及对环境之影响。基于我们之业务

性质，于办公室营运期间并无产生

或排放任何有害废弃物。

就无害废弃物而言，废弃物主要源

自日常办公室营运。本集团透过制

定有效措施，主动减少废弃物。一

般而言，我们已聘请合资格回收公

司根据香港《废物处置条例》（第354

章）收集及处理废弃物。我们之无害

废弃物来源主要为废纸。

为减少所产生废弃物量，本集团致

力加强雇员之环保意识。为减少用

纸，我们鼓励雇员考虑采用双面打

印及复印等环保印刷措施。我们亦

鼓励雇员重用经单面非机密打印之

纸张，并在切实可行情况下，重用

废纸作为包装填充物。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

On top of that, the Group actively promotes electronic

communication such as emails to reduce the amount of paper

used. In addition to paper saving, we also encourage employees

to reuse stationery such as envelopes and use reusable items

such as reusable cutleries and cups. All these measures are

geared at reducing waste such as paper waste which can

help mitigate the global greenhouse effect as well. Recycling

bags are available for paper collection. All paper boxes, paper,

newspapers and magazines are collected for recycling purpose.

The amount of non-hazardous waste generated for the year

ended 31 March 2025 dropped due to the implementation of

effective waste-saving policies during the year. The Group has

set comprehensive reduction target on non-hazardous waste

generation to be in line with the growth of our Group’s money

lending business or increase of employee number in medium

to long term time horizon in future. The detail of nonhazardous

waste generated by the Group during the reporting period was

as follows:

Type of Wastes DisposalUnit

处置废弃物类别单位

Non-hazardous waste disposedtonnes

处置无害废弃物吨

Non-hazardous waste intensitytonnes/employee

无害废弃物密度吨╱雇员

During the reporting period, non-hazardous waste recycled by

the Group was as follows:

Type of Wastes RecycledUnit

回收废弃物类别单位

Paper recycledtonnes

回收纸张吨

Paper recycled intensitytonnes/employee

回收纸张密度吨╱雇员

更重要的是，本集团积极推广使用

电邮等电子通讯方式，以减少用纸

量。除节省用纸外，我们亦鼓励雇

员重用信封等文仪用品，并使用可

重复使用之餐具及水杯等可重用物

品。所有此等措施均旨在减少废纸

等废弃物，此举有助减轻全球温室

效应。我们设有环保袋收集纸张。

我们收集所有纸箱、纸张、报纸和

杂志作回收之用。截至2025年3月

31日止年度，无害废弃物量有所下

降，此乃由于年内实施有效的废弃

物节约政策。本集团已设立无害废

弃物相关的全面减排目标，使其与

本集团放债业务的增长或未来中长

期内员工人数的增加保持一致。于

报告期内，本集团所产生无害废弃

物详情如下：

于报告期内，本集团所回收无害废

弃物情况如下：

For the year ended 31 March
截至3月31日止年度
2025
2025年
2.20
0.04

For the year ended 31 March
截至3月31日止年度
2025
2025年
0.45
0.01

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

A2. USE OF RESOURCES

The Group considers environmental protection as an essential

component of a sustainable and responsible business. We have

an in-depth understanding of the importance of safeguarding

sustainable development of the environment and this to attach

importance to efficient utilisation of resources by introducing

various measures in daily office operation. We understand that

staff participation is the key to achieve such goals. We strive

to build up a working environment that emphasises the “green

office” policy such as a set of guidelines to improve the efficient

use of resources for long-term sustainability. We also motivate

our employees to participate in resources conservation activities

to promote resources saving.

Energy Consumption

The Group considers environmental protection as an essential

component of a sustainable and responsible business. With

aims of resource saving and implementation of energy saving

measures, we actively promote the concept of energy saving

and emission reduction into the entire process of its business

development and operation and implements different energy

saving measures.

Regarding energy consumption of the Group, petrol and

purchased electricity mainly result from fuel used by vehicles

and premises operation respectively. The Group endeavors to

reduce the energy consumption by advocating various energy

conservation strategies. For examples, we choose to use power-

saving facilities and reduce the number of equipment used.

Computers are switched to energy-saving mode when they

are not in use for a long period of time. All power supply in the

area is switched off while idle. Besides, the temperature of air-

conditioners is maintained at an energy-efficient level to reduce

the energy consumption. Energy conservation reminders are

placed to increase employees’ awareness of energy saving. We

will consistently seek ways to improve energy efficiency and

reduce energy consumption in our facilities in the future. The

decrease in energy consumption for the year ended 31 March

2025 was mainly attributable to the reduction of vehicle usage in

business operations and the decrease in electricity consumption

in the office during the reporting period. The Group has set an

inclusive total energy consumption reduction target to be in

line with the growth of our Group’s money lending business

or increase of employee number in medium to long term time

horizon in future.

A2. 资源使用

本集团视环保为可持续及负责任企

业之重要元素。我们深明保障环境

可持续发展至关重要，故于日常办

公室营运中推行各项措施，重视有

效运用资源。我们明白到达致该等

目标之关键在于员工参与。我们努

力为实现长期可持续发展营造强调

「绿色办公室」政策之工作环境，有

关政策包括一套旨在更有效运用资

源之指引。我们亦鼓励雇员参与资

源保护活动，以促进节约资源。

能源耗用

本集团视环保为可持续及负责任企

业之重要元素。为节约资源及实施

节约能源措施，我们于整个业务发

展及营运过程中积极推广节约能源

及减少排放物概念，并实施不同节

约能源措施。

关于本集团能源耗用方面，汽油及

购入电力分别主要源自汽车所用燃

料及物业营运。本集团致力藉倡导

各项节能策略减少能源耗用。举例

而言，我们选择使用省电设施并减

少所用设备数量；将长时间未使用

之电脑切换至节能模式；关闭区内

所有闲置电源。此外，我们将空调

温度维持在节能水平，以减少能源

耗用。我们设有节能提示，以提高

雇员之节能意识。我们日后将不断

寻求各种方法，以提高设施之能源

效益及减少能源耗用。截至2025年

3月31日止年度能源耗用减少，主

要由于报告期间业务运作中车辆使

用量的降低，以及办公室用电量的

减少。本集团已设定总括性的整体

能源耗用减少目标，使其与本集团

放债业务的增长或未来中长期内员

工人数的增加保持一致。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The details of energy consumption of the Group during the

reporting period were as follows:

Type of EnergyUnit

能源类别单位

Purchased electricityMWh

购入电力兆瓦时

PetrolMWh

汽油兆瓦时

Total energy consumptionMWh

能源总耗量兆瓦时

Energy consumption intensityMWh/area in sq. ft.

能源耗用密度兆瓦时╱每平方呎面积

Water Consumption

Water is another important resource used during the daily

operations. The business of our Group is operated in office

premises where the water supply is solely controlled by and

centrally managed by the respective property management of the

building. In this case, it is not feasible for the Group to provide all

relevant water consumption data as there is no separate meter

for the individual office unit to record water usage. In spite of this,

we strive to prevent unnecessary water consumption by promptly

reporting to the relevant department in case of a leaking faucet.

We also actively raise employees’ awareness of water saving

through green office policies such as reminding employees to

turn faucets off tightly and conducting regular inspections and

maintenance of water facilities.

于报告期内，本集团能源耗用详情

如下：

用水

水乃于日常营运中使用之另一重要

资源。本集团于办公室物业经营业

务，而物业内之供水乃由楼宇各自

之物业管理全权控制及集中管理。

在此情况下，本集团无法提供所有

相关用水数据，原因为个别办公室

单位并无独立仪表记录用水数据。

尽管如此，我们致力透过即时向相

关部门报告水龙头渗漏情况，避免

不必要用水。我们亦藉著绿色办公

室政策积极提高雇员之节水意识，

例如提醒雇员关紧水龙头以及定期

检查及维护供水设施。

For the year ended 31 March
截至3月31日止年度
2025
2025年
37.22
70.98
108.20
0.02

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

A3. THE ENVIRONMENT AND NATURAL RESOURCES

The Group’s two main operating segments: (i) property mortgage

loans and (ii) personal loans have no significant impact on

the environment and natural resources. Notwithstanding, we

continue to enhance the environmental awareness of our

employees, customers, shareholders and business partners and

enlist their support in improving our environmental performance.

With the integration of policies and measures to reduce air

pollutants and GHG emissions, waste generation and resource

consumption, we strive to enhance environmental sustainability

and minimise our impacts on the environment. We will review

our environmental policy from time to time and will consider

implementing further eco-friendly measures and practices in

order to enhance environmental sustainability.

A4. CLIMATE CHANGE

Governance

Our Group addresses climate-related risks based on the nature

of the risk to our operations. The physical impacts of climate

change, including extreme weather events, or damage to

facilities have immediate operational impacts and are treated

as operational risks. Long-term challenges, such as emerging

ESG issues and climaterelated risks and opportunities, may be

discussed by the ESG Working Group.

Supported by our ESG Working Group, our Board oversees

climate-related issues and risks regularly during board meetings

and ensures that they are incorporated into our strategy.

To ensure our Board to keep up with the latest trend of

climaterelated issues, climate competence training will be

provided to ensure it has the necessary expertise and skills to

oversee the management of climate-related issues. Our Board

also seeks professional advice from external experts when

necessary to better support the decision-making process.

A3. 环境及天然资源

本集团旗下两大经营分部（即(i)物业

按揭贷款及(ii)私人贷款）对环境及

天然资源均无任何重大影响。尽管

如此，我们不断提高雇员、客户、

股东及业务伙伴之环保意识，争取

其支持改善环境绩效。随著纳入政

策及措施以减少空气污染物及温室

气体排放、废弃物产生以及资源耗

用，我们矢志加强环境可持续发展

及尽量降低对环境带来之影响。我

们将不时检讨环境政策，并将考虑

实施其他环保措施及惯例，务求加

强环境可持续发展。

A4. 气候变化

管治

本集团按营运风险的性质来处理气

候相关的风险。气候变化（包括极端

天气事件）的实际影响或设施遭到破

坏会即时影响营运，一概视作营运

风险处理。环境、社会及管治工作

小组会讨论长远挑战，比如新出现

的环境、社会及管治事宜、与气候

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Our ESG Working Group provides effective governance for

integrating and addressing ESG issues, including climate change,

within our business. The ESG Working Group is responsible

for approving operational emissions targets for the Group and

commissioning an ESG benchmarking, as well as gap analysis

exercise to identify gaps in both disclosure and policy relative to

the best practice standards. Moreover, the ESG Working Group

works closely with the Group’s different operation departments,

with an aim to develop consistent and enhanced approaches on

addressing ESG risk issues and report to the management.

Strategy

Climate change risk forms part of our overall risk profile through

its role in increasing the frequency and intensity of certain

diseases, and the health and mortality impacts resulting from

natural disasters. We assess the overall level of risk by taking into

consideration a range of diverse risk factors across the many

categories in our product or services range. This diversity of risk

is combined with our business strategy and broad geographic

footprint helps us distribute risk and provide protection against

the impacts of short-term climate change effects.

Our services continue to provide protection for people in our

communities against weather and heat-related disease. Besides,

we continue to explore opportunities to engage our business

partners and encourage them to develop climate resilience

and reduce their operational carbon footprint by taking into

consideration of different climate-related scenarios, including a

“2℃ or lower scenario” through the following steps:

Step 1: Set Future Images Assuming Climate Change Effects

As climate change measures proceeds, there is a possibility

that the industry will be exposed to substantial changes, such

as stricter policies including the introduction of and increases in

carbon pricing, as well as advances in technology and changes

in customer awareness. In light of these climate change effects,

based on the International Energy Agency (“IEA”) scenarios and

others, we developed multiple future images as the external

environment that will surround our Group.

环境、社会及管治工作小组在我们

的业务范围内为整合及解决环境、

社会及管治问题（包括气候变化）

进行有效管治。环境、社会及管治

工作小组负责批准本集团的运营排

放目标，制定环境、社会及管治的

基准，并进行差距分析，找寻本集

团在披露以及政策方面距离最佳常

规准则不足的地方。此外，环境、

社会及管治工作小组与本集团不同

的运营部门紧密合作，旨在制定一

致、更完善的方法来处理环境、社

会及管治风险问题，并向管理层报

告。

策略

气候变化风险构成我们整体风险的

一部分，因其增加若干疾病发生率

及强度以及自然灾害对健康及死亡

的影响。我们于评估整体风险水平

时，会考虑到我们的产品或服务范

围内多个类别的一系列不同风险因

素。风险的多样性与我们的业务战

略及广泛的地理分布相结合，有助

于我们分散风险，并针对短期气候

变化的影响提供保障。

我们的服务持续为我们所处社区的

大众提供气候及高温相关疾病的保

障。此外，我们不断发掘机会，与

我们的业务伙伴合作，并通过以下

措施鼓励彼等考虑各种气候相关情

景（包括「摄氏2度或以下的情景」），

从而积极应对气候变化并减少营运

中的碳排放足迹：

第一步：设定气候变化影响可能造

成的未来场景

随著应对气候变化措施的持续落

实，行业可能面临重大变化，例如

推出及上调碳定价等更严厉的政

策，以及技术进步和客户观念的变

化。鉴于该等气候变化影响，我们

基于国际能源署（「IEA」）发布的情景

及其他情景设定了本集团将面对的

外部周围环境的多种未来场景。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

With regard to the IEA scenarios, we put focus on the 2℃

scenario (2DS) and pictured future images in case climate

change measures do not progress and where such measures

progress further “Beyond 2℃ scenario”.

Step 2: Consider the Impacts

We considered the impacts on our Group for each of the future

images developed in Step 1. We believe that it will be possible to

expedite carbon dioxide reduction effects in our society.

With regard to the effects on raw material procurement and

production, the introduction of and increases in carbon pricing

is anticipated in accordance with the global advance of climate

change measures, leading to the possibility of higher raw material

procurement and production costs.

On the other hand, in the case where climate change measures

are not adequate throughout society, production interruptions

and supply chain disruptions are likely to increase as a result of

higher frequency and intensification of natural disasters such as

flooding.

Step 3: Respond to the Strategies

Our Group will begin promoting the reduction of non-renewable

energy in our daily operation. This strategy will allow for flexible

and strategic responses to each demand for the regions where

the emission factors of purchased electricity consumptions are

high. By promoting real carbon emissions reductions throughout

the world through these types of initiatives, we are working to

achieve zero carbon emission in our business.

We minimize carbon emissions through comprehensive energy-

saving and introduction of renewable energy. With respect

to renewable energy, in particular, we have set a new target,

achieve a reduction rate for purchased electricity in coming few

years.

With regard to the ongoing confirmation of the suitability and

progress of the Group’s strategies, we believe that we will have

opportunities for stable funding and sustainable increases in

corporate value through appropriate information disclosure,

dialogue with institutional investors and other stakeholders.

关于IEA情境，我们重点关注摄氏2

度情景(2DS)，并分别制作在气候变

化应对措施并无进展及该等措施进

展逾越「摄氏2度情景以外」两种情况

下的未来场景。

第二步：考虑影响

我们已考虑第一步所设定的各种未

来场景对本集团造成的影响。我们

认为在社会环境中，可能须加大二

氧化碳减排力度。

就对原材料采购及生产的影响而

言，随著全球加强气候变化应对措

施，预计将推出及上调碳定价，进

而可能推高原材料采购和生产成本。

另一方面，当针对整个社会的气候

变化应对措施不足时，因洪水等自

然灾害发生的频率变高且程度加剧

而导致生产停顿和供应链中断的可

能性将会增加。

第三步：战略对策

本集团将开始在日常营运中推广减

少不可再生能源的使用。该策略可

以灵活及策略性地应对外购用电的

排放系数较高地区的需求。这些举

措促进了全世界碳排放的真正减

少，同时，我们正致力于业务内实

现零碳排放。

我们通过全面节能及引入可再生能

源以减少碳排放。具体而言，于可

再生能源方面，我们已设定于未来

数年减少外购电量的新目标。

对于持续确认本集团策略的适切性

和进展，我们相信通过适当的资料

披露、与机构投资者及其他持份者

的沟通，我们将有机会获得稳定资

金及实现企业价值的可持续增长。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Risk Management

Our Group identifies the climate change related risks or to test

the existing risk management strategies under climate change

with the aid of risk assessment. Hence, the areas where new

strategies are needed could be identified.

The risk assessment takes a standard risk-based approach using

national data, local information and expert knowledge, which

can identify how climate change may compound existing risks or

create new ones. The risk assessment is conducted through the

following steps:

Step 1: Establish the context

/goal

• Scale

• Time frame

• Climate change scenario for most climate variables and

sea level

Step 2: Identify existing risk (past and current)

• Identify the record of occurrence of climatic hazard in the

past in the area

• Risk management strategies in place to tackle future

occurrence of the hazard

Step 3: Identify future risk and opportunities

• Explore climate change projections for the selected time

frame(s) and emission scenario(s)

• Identify potential hazards

• Investigate whether any existing risk from Step 2 may get

worse under future projected changes

• Identify new risks that can emerge under future projected

changes

风险管理

本集团已确定气候变化相关风险或

借助风险评估测试在气候变化下现

有的风险管理策略。因此能够发现

需要实施新策略的领域。

风险评估采用基于风险的标准方

法，并利用国家数据、本地资料及

专家知识，能够识别气候变化如何

加剧现有风险或产生新风险。该风

险评估按以下步骤进行：

第一步：建立背景

‧ 目标╱愿景

‧ 规模

‧ 时间表

‧ 根据多数气候可变因素及海平

面设定的气候变化情景

第二步：确定现有风险（过去及现

在）

‧ 搜集本地区过去发生气候灾害

的记录

‧ 现有可应对未来灾害的风险管

理策略

第三步：确定未来的风险及机遇

‧ 探索选定时间范围内及排放情

景下的气候变化预测

‧ 识别潜在危害

‧ 根据未来预测变化分析第二步

的任何现有风险是否可能加剧

‧ 识别未来预测变化中可能出现

的新风险

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Step 4: Analyse and evaluate risk

Identify a set of decision areas or systems (i.e. geographical

areas, business operation, assets, ecosystems, etc.) that has the

potential to be at risk in future.

As outlined within the Governance section above, the Group

has robust risk management and business planning processes

that are overseen by the Board in order to identify, assess

and manage climate-related risks. The Group engages with

government and other appropriate organizations in order to

keep abreast of expected and potential regulatory and/or fiscal

changes.

We continue to raise awareness of climate change in regard to

monitoring of carbon and energy footprint in our daily operation.

However, there remains gaps in understanding how such climate

risks and opportunities may impact our operations, assets and

profits. Our Group assesses how the business addresses climate

change risks and opportunities and takes the initiative to monitor

and reduce their environmental footprint.

第四步：分析及评估风险

确定一组未来可能存在风险的决策

领域或系统（如地区、业务运营、资

产、生态系统等）。

诚如上文管治一节所述，本集团拥

有稳健有效的风险管理及业务规划

流程，该等流程受董事会监督，以

识别、评估及管理气候相关风险。

本集团将与政府及其他合适的机构

合作，与时俱进，掌握预期及可能

作出的监管及╱或财政政策变动。

我们不断加强有关气候变化的意

识，于日常营运中监控碳及能源足

迹。然而，在理解该等气候风险及

机遇可能如何影响我们的营运、资

产及溢利方面仍存在不足之处。本

集团评估业务如何应对气候变化的

风险及机遇，并采取措施以监控并

减少其环境影响。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Significant Climate-related Issues

During the reporting period, the significant climate-related

physical risks and transition risks, which have impacted and/or

may impact our Group’s business and strategy in (i) operations,

products and services, (ii) supply chain and value chain, (iii)

adaptation and mitigation activities, (iv) investment in research

and development, and (v) financial planning, as well as the steps

taken to manage these risks, are as follows:

重大气候相关事宜

于报告期内，已经及╱或可能对本

集团在(i)营运、产品及服务；(ii)供

应链及价值链；(iii)适应及舒缓活

动；(iv)研发投资；及(v)财务规划各

方面产生影响的气候相关的重大实

体风险及过渡风险，以及为管理该

等风险而采取的措施载列如下：

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Physical Risk Acute physical risks • Increased severity and frequency of extreme weather events such as cyclones, floods and earthquakes, the frequency and severity of traffic accidents. These have the potential to cause both idiosyncratic and systematic risks, resulting in non-favourable financial impacts. • Increased likelihood and severity of wildfire. Financial loss occurs as there are interruptions of supply chain, logistics and transportation. 实体风险急性实体风险 • 极端天气事件（如气旋、洪水及地震）的严重性和频率、交通事故的严重性和频率增加。该等情况均可能导致特殊性及系统性的风险，从而产生不利财务影响。 • 发生山火的可能性及严重性增加。供应链、物流及运输中断可能引致财务损失。	• Operating cost increases • Revenue decreases • 营运成本增加 • 收益减少	• Planned to adopt scenario analysis to disclose an organization’s planning under future scenarios, most notably one with in a 2℃ scenario. • Planned to establish a natural disasters emergency plan and to provide certain trainings to the staff. • 计划采用情景分析以披露组织应对未来情景的计划，重点关注摄氏2度情景中的应对计划。 • 计划制定自然灾害应急方案及向员工提供若干培训。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Chronic physical risks • Extreme variability in weather patterns. Frequent extreme weather events and rising in sea levels are likely to pose disruptions to communities across the region over the long term, affecting economic output and our service continuity. • The scarcity of natural resources due to deforestation may lead to the increase in the cost of material consumed in our business operation. 慢性实体风险 • 天气趋势的极端可变性。从长远来看，频繁的极端天气事件及海平面上升可能会对整个地区的社区造成干扰，影响经济产出及我们的服务连续性。 • 由于森林砍伐造成的自然资源稀缺可能导致我们业务营运所耙用的材料成本上涨。	• Revenue reduces from decreased service capacity and the negative impacts of workforce • Operating cost increases • 服务能力下降及工人受到的负面影响导致收益减少 • 营运成本增加	• Planned to develop a Board- authorized risk tolerance statement or system, including a written climate risk management policy. • Engaged with local or national governments and local stakeholders on local resilience. • Further enhanced the climate- related risk policies, and included the measurement, monitoring and management of the climate-related risks. • 计划制定董事会授权的风险承受能力声明或系统，包括书面气候风险管理政策。 • 就地方适应力与地方或国家政府以及当地持份者接洽。 • 进一步改善气候相关的风险政策，包括气候相关风险的计量、监察及管理。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Transitional Risk Policy risk • The government may restrict the use of the traditional fuel vehicles by the environmental services sector and provide the allowances to those entities which purchase hybrid vehicles. 过渡风险政策风险 • 政府或会透过环境服务部门限制使用传统燃油的汽车，并对购买混合动力汽车的单位给予补贴。	• Operating cost increases for the increased insurance premiums paid by the Group. • 本集团所付保险费增加导致营运成本增加。	• Planned to acquire more hybrid vehicles for the business operations to obtain the corresponding allowances and subsidies. • Monitor the updates of the relevant laws and agreements, to avoid the unnecessary increase in cost and expenditure due to non- compliance. • 计划购买更多混合动力汽车用于业务运营，以获得相应的补贴和补助。 • 监察相关法例及协议的更新情况，避免因违规令不必要的成本及开支增加。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Legal risk • Exposure to litigation risk. We have to adapt the tightened law and regulations issued by the government due to climate change. Our Group is exposed to the risk of litigation once we fail to obligate the new rules. • Enhanced emissions-reporting obligations. We may have to spend much time on fulfilling the ESG reporting standards to comply with the new regulation. 法律风险 • 诉讼风险。由于气候变化，我们必须适应政府颁布的更严格的法律及法规，一旦未能遵守新规则，则本集团面临诉讼风险。 • 加强排放报告义务。我们可能需要花费大量时间达致环境、社会及管治报告准则，以遵守新的规例。	• Operating cost increases for high compliance costs and increased insurance premiums for the Group. • 合规成本较高及本集团保险费增加致使营运成本增加。	• Monitored the updates of environmental laws and regulations and implemented GHG emissions calculations in advance. • 监察环境法律及法规的更新情况，提前进行温室气体排放的计算。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Technology risk • More green building strategies with low-carbon, energy-saving technologies are adopted by industry peers. Lagging behind may weaken our competitive edges. 技术风险 • 更多具备低碳、节能技术的绿色建设策略被业内同行采纳。策略滞后可能会削弱我们的竞争优势。	• Capital investment in technology development increases. • Operating cost increases due to the adoption of green technologies. • 技术开发的资本投资增加。 • 采用绿色技术致使营运成本增加。	• Examined the feasibility and efficiency of applying the latest environmental technologies, to raise the feasibility and scientific efficiency of energy saving for the business operations. • 审查应用最新环保技术的可行性和效能，提高业务营运中节能的可行性及科学效能。
Market risk • The government and environmental services sector are considering climate-related risks and opportunities, which may lead to changes in customers preference. • Inability to attract co-financiers and/or investors due to uncertain risks related to the climate. 市场风险 • 政府及环境服务部门正在考虑气候相关的风险及机遇，这可能会导致客户偏好产生变化。 • 由于气候相关的不确定风险，无法吸引融资合作伙伴及╱或投资者。	• Revenue decreases for the change in revenue mix and sources. • Operating cost increases as abrupt and unexpected shifts in energy costs. • 收益因收益组合及来源的变化而减少。 • 运营成本因能源成本的突然及意外变化而增加。	• Fulfil the climate-related regulations by the government. • Make climate change as a high concern in the market decisions to show to the customers that our Group is concerned about the problem of climate change. • 履行政府所颁布的气候相关的规例。 • 将气候变化作为市场决策中的高度关注点，向客户表明本集团对气候变化问题的关注。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Climate-related risks description	Financial Impact	Steps taken to manage the risks
气候相关风险的描述	财务影响	为管理该等风险而采取的措施
Reputational risk • Shifts in consumer preferences: More customers are considering climate-related risks and opportunities, potentially favoring environmentally-friendly businesses. • Stigmatization of our business sector, such as more negative stakeholder feedback. • Negative press coverage related to support of business activities with negative impacts on the climate (e.g., GHG emissions, deforestation, water stress). 声誉风险 • 消费者偏好的转变；更多客户考虑气候相关风险及机遇，可能有利于环保业务。 • 我们的业务领域担受污名，例如持份者的负面反馈增多。 • 与支持对气候有负面影响的商业活动相关的负面新闻报导（例如，温室气体排放、森林砍伐、用水紧张）。	• Revenue decreases from decreased demand for services and the decrease in service capacity. • Operating costs increases from negative impacts on workforce management and planning. • 服务需求减少及服务能力下降导致收益减少。 • 劳动力管理及规划的负面影响致使营运成本增加。	• Fulfilled the social responsibility by organizing more activities or executing actions to demonstrate how we place importance on climate change. • Avoided of supporting the projects or activities which may have detrimental effects to the climate. • 组织更多活动或采取行动证明我们如何重视气候变化，以此履行社会责任。 • 避免支持可能对气候产生不利影响的项目或活动。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

During the reporting period, the primary climate-related

opportunities and the corresponding financial impacts were as

follows:

于报告期间，与气候相关的主要机

遇及相应的财务影响如下：

Detailed description of climate-related opportunities	Financial Impact
气候相关机遇的详细描述	财务影响
Resource efficiency • Reduce water consumption 资源效率 • 减少水资源的消耗	• Operating cost reduces through efficiency gains and cost reductions • 透过降本增益减少营运成本
Energy source • Use of lower-emission fuel sources • Use of supportive policy incentives • Use of new technologies 能源来源 • 使用低排放燃料来源 • 使用扶持性政策措施 • 使用新技术	• Operating cost reduces through use of lowest cost abatement • Returns on investment in low-emission technology increases • 透过使用低成本减排减少营运成本 • 低排放技术投资回报增加
Products and services • Development of climate adaptation and insurance risk solutions • Ability to diversify business activities 产品及服务 • 制定气候适应及保险风险解决方案 • 多元化业务活动的能力	• Revenue increases through new solutions to adaptations needs, such as insurance risk transfer products and services • 透过保险风险转移产品及服务等适应需求的新解决方案增加收益
Markets • Access to new markets 市场 • 进入新市场	• Revenue increases through access to new and emerging markets • 透过进入新的及新兴市场增加收益
Resilience • Participation in renewable energy programs and adoption of energy-efficiency measures • Resource substitution or diversification 弹性 • 参与可再生能源计划及采取节能措施 • 资源替代或多元化	• Market valuation increases through resilience planning, such as infrastructure, land and buildings • Reliability of supply chain and ability to operate under various condition increases • Revenue increases through new products and services related to ensuring resiliency • 透过如基础设施、土地及楼宇等弹性规划增加市场估值 • 供应链可靠性及在各种条件下营运的能力增强 • 透过确保弹性相关的新产品及服务增加收益

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Metrics and Targets

Our Group adopts the key metrics to assess and manage

climaterelated risks and opportunities. The energy consumption

and greenhouse gas (GHG) emissions indicators are the key

metrics used to assess and manage relevant climate-related

risks where we consider such information is material and crucial

for evaluating the impact of our operation on global climate

change during the year. Our Group regularly tracks our energy

consumption and GHG emissions indicators to assess the

effectiveness of emission reduction initiatives, as well as set

targets to contribute our effort to have minimal impact on global

warming.

The details of time frames over which the target applies and

base year from which progress is measured are described in

the section A1: “Emissions” and section A2: “Use of Resources”

of this Report. Our Group adopts absolute target to manage

climate-related risks, opportunities and performance.

B. SOCIAL ASPECTS

EMPLOYMENT AND LABOUR PRACTICES

B1. EMPLOYMENT

The Group believes people are our most important asset to the

continuing development and success of our Group. As such, we

aim to attract and motivate talents, maintain a safe and equal

working environment and promote health and well-being of our

employees. We pay special attention to its employees’ rights and

strictly complies with the Employment Ordinance, the Minimum

Wage Ordinance, and other relevant regulations in Hong Kong.

The staff handbook covers our Group’s standard in respect

of compensation and dismissal, recruitment and promotion,

working hours, rest periods, equal opportunity, diversity, anti-

discrimination and other benefits and welfare.

The Group strives to construct a diverse and inclusive workplace

where all our employees are treated with dignity and respect.

We strongly oppose to all discriminatory behaviour against any

individual on their gender, age, nationality, race, colour, disability,

creed, religion, sexual orientation, marital status or family status.

The principle of equal opportunities is applied in all employment

practices, including but not limited to recruitment, promotion and

transfer, work allocation, benefits and training and development.

衡量标准及目标

本集团采纳关键衡量标准以评估及

管理气候相关风险及机遇。倘我们

认为有关资料就评估我们业务于年

内对全球气候变化的影响而言属重

大及关键，则能源消耗及温室气体

（温室气体）排放指标乃用于评估及

管理有关气候相关风险的关键衡量

标准。本集团定期追踪能源消耗及

温室气体排放指标以评估减排措施

的效益，并设定目标，为尽量减低

对全球变暖的影响作出贡献。

关于实践目标的时间及计量进度的

基准年度详情载述于本报A1：「排

放」及A2：「资源使用」两节。本集团

已采纳绝对目标以管理气候相关的

风险及机遇以及表现。

B. 社会方面

雇佣及劳工常规

B1. 雇佣

本集团深信，员工为本集团持续发

展及迈向成功之最重要资产。因

此，我们努力吸引及留聘人才，并

营造安全及平等的工作环境以及促

进雇员身心健康。我们尤其注重雇

员权利，并严格遵守《雇佣条例》、

《最低工资条例》及香港其他相关规

例。员工手册载列本集团有关薪酬

及解雇、招聘及晋升、工作时数、

假期、平等机会、多元化、反歧视

以及其他待遇及福利之标准。

本集团竭力建立多元化及共融的工

作环境，礼待及尊重全体雇员。我

们强烈反对一切因任何个别人士之

性别、年龄、国籍、种族、肤色、

伤健、信仰、宗教、性取向、婚

姻状况或家庭状况而出现之歧视行

为。所有雇佣常规均应用平等机会

原则，包括但不限于招聘、晋升及

调迁、工作分配、福利以及培训及

发展。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The Group has formulated competitive remuneration packages

to retain and motivate employees in achieving key goals of our

Group. We provide remuneration for our employees according

to their qualifications, experience, performance, job duties and

service years as well as to the market benchmark. We perform

salary reviews on an annual basis to ensure our remuneration

practices are competitive and aligned with market rates. In

addition to salary, we provide mandatory provident fund,

allowances, required social security benefits, medical benefits

and variable incentive-based remuneration such as discretionary

bonus to our employees. Employees are also entitled to various

types of leave including annual leave, sick leave, maternity leave

and paternity leave.

The Group acknowledges the importance of work-life balance

and strives to maintain a supportive and relaxing working

environment for our employees. We organise activities (when

appropriate) for employees to relax and to strengthen their sense

of belonging. In addition to those specified in the Employment

Ordinance, we provide paid or partially paid leave and support

services or activities for our employees to handle urgent personal

or family matters. We also provide family care and supports to

our employees and/or their family members to bring a positive

impact on their family life.

We are committed to building a pleasant working environment

to enhance the happiness of our employees. Our principal

subsidiary, Hong Kong Finance has received the “Happy

Company” 2023 logo issued by the Promoting Happiness Index

Foundation and the Hong Kong Productivity Council as an

encouragement for our commitment to create a happy workplace

for our employees.

During the reporting period, we were not aware of any non-

compliance (2024: nil) with the relevant laws and regulations that

had significant impact on our Group relating to compensation

and dismissal, recruitment and promotion, working hours, rest

periods, equal opportunity, diversity, anti-discrimination and other

benefits and welfare. Any changes of employment terms will be

notified to staff and agreed in writing to protect the lawful rights

and interests of all employees.

本集团已制定具竞争力之薪酬组合

以留聘及激励雇员达成本集团之主

要目标。我们根据雇员之资历、经

验、表现、工作职责及年资以及市

场标准提供薪酬。我们每年检讨薪

资，确保其薪酬常规具竞争力及符

合市场水平。除薪金外，我们为雇

员提供强制性公积金、津贴、必要

社会保障福利、医疗福利及浮动奖

励酬金（如酌情花红）。雇员亦有权

享有各类假期，包括年假、病假、

产假及侍产假。

本集团了解工作与生活平衡至关重

要，致力为雇员营造充满支持及轻

松的工作环境。我们在合适时举办

活动，以供雇员放松心情及增强其

归属感。除《雇佣条例》所订明者

外，我们向雇员提供有薪或部分带

薪休假，并提供支援服务或活动，

以便其处理紧急个人或家庭事务。

我们亦向雇员及╱或其家庭成员提

供家庭护理及支援，对彼等之家庭

生活产生积极影响。

我们锐意打造愉快的工作环境，为

雇员谋求幸福。旗下主要附属公司

香港信贷已获香港提升快乐指数基

金与香港生产力促进局颁发2023

「开心工作间」标志，鼓励我们致力

为雇员营造愉快的工作环境。

于报告期内，我们并不知悉任何未

遵守有关薪酬及解雇、招聘及晋

升、工作时数、假期、平等机会、

多元化、反歧视以及其他待遇及福

利之相关法律及法规而对本集团产

生重大影响之情况（2024年：无）。

雇佣条款如有任何变动，将会通知

员工并以书面协定，以保障所有雇

员之法定权利及权益。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

As at 31 March 2025, the employee compositions (in percentage)

by gender, employee category, age group, geographical region,

employment category and employment mode were as follows:

Employee compositions

雇员组成情况

By gender

按性别划分

• Male

男性

• Female

女性

By age group

按年龄组别划分

• Age 30 or below

30岁或以下

• Age 31-40

31至40岁

• Age 41-50

41至50岁

• Age 51 or above

51岁或以上

By geographical region

按地区划分

• Hong Kong

香港

By employment category

按雇佣类别划分

• Senior management

高级管理层

• Middle management

中级管理层

• General staff

普通雇员

By employment mode

按雇佣模式划分

• Full-time staff

全职员工

• Part-time staff

兼职员工

于2025年3月31日，按性别、雇员

类别、年龄组别、地区、雇佣类别

及雇佣模式划分之雇员组成情况（按

百分比计算）如下：

For the year ended 31 March
截至3月31日止年度
2025
2025年
49%
51%
11%
40%
26%
23%
100%
14%
16%
70%
100%
—

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The employee turnover rates by gender, age group and

geographical region at the end of the reporting period were as

follows:

Turnover rates (%)

流失比率(%)

By gender

按性别划分

• Male

男性

• Female

女性

By age group

按年龄组别划分

• 30 years old or below

30岁或以下

• 31-40 years old

31至40岁

• 41-50 years old

41至50岁

• 51 years old or above

51岁或以上

Overall

总计

B2. HEALTH AND SAFETY

The Group takes into consideration every precaution to establish

a healthy and safe working environment for its employees. We

place the highest priority on securing the health and safety of all

employees. In order to ensure occupational health and safety of

our employees, we strictly comply with the rules and guidelines

stipulated in the Occupational Safety and Health Ordinance by

the Labour Department in Hong Kong and any other applicable

laws and regulations.

Besides, with the aim to provide and maintain a safe and healthy

working environment for employees, the Group implements

“Occupational Safety and Health Policy” to protect them from

work-related injury. We support a culture that enhances the

health and safety awareness of our employees in order to

minimise the risk of work-related injury. We also provide medical

benefits for our employees and establish work arrangement

for typhoon and rainstorm warning. Besides, we place great

emphasis on the employees’ mental wellness. We provide

information and services regarding stress management and

mental wellness counselling for our employees to relieve stress

and to promote mental wellness.

于报告期末，按性别、年龄组别及

地区之雇员流失比率如下：

B2. 健康与安全

本集团会考虑一切预防措施，以为

雇员营造健康及安全之工作环境。

我们将确保所有雇员之健康与安全

置于首位。为确保雇员之职业健康

与安全，我们严格遵守香港劳工处

之《职业安全及健康条例》内订定之

规则及指引以及任何其他适用法律

及法规。

此外，本集团奉行「职业安全及健康

政策」，以保障雇员免受工伤，务

求为雇员提供及维持安全健康之工

作环境。我们推举提高雇员健康与

安全意识之文化，尽量降低工伤风

险。我们亦为雇员提供医疗福利，

并制定台风及暴雨警告下之工作安

排。此外，我们非常重视雇员心理

健康。我们为雇员提供有关压力管

理及心理健康咨询之资讯及服务，

以舒缓压力并促进心理健康。

For the year ended 31 March
截至3月31日止年度
2025
2025年
24%
30%
86%
21%
7%
25%
27%

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

During the reporting period, our Group was not aware of any

non-compliance (2024: nil) with the relevant laws and regulations

that had significant impact on our Group in providing a safe and

healthy working environment.

During the reporting period, there was no employee (2024: nil)

injured and no lost day (2024: nil) due to work-related injuries.

There was no fatality case (2024: nil, 2023: nil) during the year.

The Group will continue to improve the safety management

system in order to protect employees’ health and safety in the

workplace.

B3. DEVELOPMENT AND TRAINING

The Group believes that the knowledge and skills of our

employees are vital to our continued business growth and

success. We have established a “Staff Training and Development

Policy” to support our employees in the performance of their

designated roles and help them to fulfil their potential during the

course of their employment. We provide diversified on-the-job

training for our employees and continue to improve the training

system in order to enhance their requisite knowledge and skills in

discharging their duties.

During the reporting period, the percentage of employees trained

by gender and employment category was as follows:

Percentage of employees trained

受训雇员百分比

By gender

按性别划分

• Male

男性

• Female

女性

By employment category

按雇佣类别划分

• Senior management

· 高级管理层

• Middle management

中级管理层

• General staff

普通雇员

Overall

总计

于报告期内，本集团并不知悉对本

集团提供安全健康的工作环境产生

重大影响的有关法律法规的不合规

行为（2024年：无）。

于报告期内，并无雇员因工受伤

（2024年：无）及并无工伤所导致的

损失天数（2024年：无）。于年内

并无死亡案件（2024年：无，2023

年：无）。本集团将继续完善安全管

理体系，保护雇员工作场所的健康

及安全。

B3. 发展及培训

本集团相信，雇员之知识及技能对

业务蒸蒸日上及迈向成功至关重

要。我们已制定「员工培训及发展政

策」，支持雇员于受雇期间履行指定

职责并协助彼等发挥潜力。我们为

雇员提供多元化在职培训，并持续

改善培训制度，务求增进其履行职

责所需知识及技能。

于报告期内，按性别及雇佣类别划

分之受训雇员百分比如下：

For the year ended 31 March
截至3月31日止年度
2025
2025年
72%
75%
67%
—
94%
74%

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The detailed breakdown for employees trained in each of the

gender and employment categories and the average training

hours completed per employee by gender and employee

category was as follows:

Training

培训

By gender

按性别划分

• Male

男性

• Female

女性

By employment category

按雇佣类别划分

• Senior management

高级管理层

• Middle management

中级管理层

• General staff

普通雇员

B4. LABOUR STANDARDS

The Group respects the human rights of employees and is

strongly against the employment of child labour and forced

labour. We strictly emphasise the prohibition of engaging in child

labour and forced labour. Adhering to the Employment Ordinance

and the Employment of Children Regulations in Hong Kong, we

strictly prohibit the recruitment of individuals under the age of

15. According to our “Human Resources Policy Guidelines”, job

applicants are required to present their identity documents for

age verification during recruitment process.

The Group is committed to respecting the freedom of employees

and prohibiting all forms of forced labour. All work should be

performed on a voluntary basis and the working hours are

regulated in the staff handbook.

During the reporting period, our Group was not aware of any

non-compliance (2024: nil) with relevant laws and regulations

related to recruitment of child labour or forced labour practices.

按性别及雇佣类别划分之受训雇员

明细及按性别及雇员类别划分之每

名雇员完成之平均培训时数明细详

列如下：

B4. 劳工标准

本集团尊重雇员人权，并强烈反对

雇用童工及强制劳工。我们严格禁

止雇用童工及强制劳工。我们遵

循香港《雇佣条例》及《雇用儿童规

例》，严禁雇用未满15岁之人士。根

据「人力资源政策指引」，求职者须

于招聘过程中出示其身份证明文件

以供核实年龄。

本集团致力尊重雇员之自由，并禁

止一切形式之强制劳工。所有工作

均为自愿执行，而工作时间则受到

员工手册规管。

于报告期内，本集团并不知悉任何未

遵守有关雇用童工或强制劳工之相关

法律及法规之情况（2024年：无）。

For the year ended 31 March
截至3月31日止年度
Average training hours (hours/employee)		Percentage of employee trained (%)
平均培训时数（小时╱雇员）		受训雇员百分比(%)
2025	2024 2024年	2025
2025年		2025年
1.1		47%
1.1		53%
1.0		13%
—		—
1.4		87%

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

OPERATING PRACTICES

B5. SUPPLY CHAIN MANAGEMENT

As a financial services provider, the Group mainly works with

third-party services providers which provide services such as

information technology services, property management services,

advertising service and legal and consulting services. We also

work with suppliers that supply office equipment, printing

and stationery. During the primary engagement process, we

select more than one service provider for comparison purpose

and to ensure fair selection. With the implementation of our

“Environmental Procurement Policy”, we strive to minimise our

impacts on the environment by supporting and giving priority to

purchasing recycled and environmentally friendly products.

B6. PRODUCT RESPONSIBILITY

The Group regards service quality as a key competitive

advantage of its business. We continue to provide high quality

services in order to enhance customer satisfaction. We strictly

comply with relevant laws and regulations, including but not

limited to the Money Lenders Ordinance, the Personal Data

(Privacy) Ordinance, the Trade Description Ordinance and the

our Group was not aware of any non-compliance (2024: nil)

regarding product responsibility.

Quality Management

The Group has implemented a “Quality Management Policy”

to ensure the continual delivery of high-quality services to our

customers. We continuously provide value-added features on

our websites, such as a mortgage calculator, online property

valuation and online loan application, aiming to offer excellent

customer experience and surpass customers’ expectations

where possible.

The Group believes the opinions from customers can drive

our continuous improvement and are essential to our pursuit

for excellence. We welcome the opinions of customers by

establishing various communication channels with customers,

such as customer service hotline, email, WhatsApp, WeChat and

Facebook. We have also established a customer service survey

form on our website to understand the needs of our customers

and improve our service quality.

营运惯例

B5. 供应链管理

作为金融服务供应商，本集团主要

与提供资讯科技服务、物业管理服

务、广告服务、法律及咨询服务等

服务之第三方服务供应商合作。本

集团亦与供应办公设备、印刷及文

具之供应商合作。在初步委聘过程

中，我们会选择多于一名服务供应

商以作比较及确保公平甄选。透过

推行「环境采购政策」，并支持优先

采购回收及环保产品，我们尽量减

低对环境带来之影响。

B6. 产品责任

本集团视服务质素为旗下业务之主

要竞争优势。我们不断提供优质服

务，借以提高客户满意程度。我们

严格遵守相关法律及法规，包括但

不限于香港《放债人条例》、《个人资

料（私隐）条例》、《商品说明条例》及

《版权条例》。于报告期内，本集团

并不知悉任何有关产品责任之违规

情况（2024年：无）。

质量管理

本集团已实施「质量管理政策」，确

保持续向客户提供优质服务。我们

努力不懈透过旗下网站提供按揭计

算器、网上物业估值及网上贷款申

请等增值功能，旨在为客户提供最

佳体验并尽可能超越客户期望。

本集团深信，客户提出之意见推动

我们不断进步，对我们追求卓越至

关重要。我们透过设立客户服务热

线、电邮、WhatsApp、微信及脸书

等与客户沟通之渠道，鼓励客户提

出意见。我们亦于网站设有客户服

务调查表格，以期了解客户需要及

改善服务质素。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

Complaint Handling

The Group adheres to stringent customer-compliant operational

procedures as stipulated in the “Customer Complaint Handling

System” to ensure the customers’ opinions are handled and

responded to. All customers’ complaints are considered and

carefully followed up by responsible departments within a

reasonable timeframe. Relevant investigation is carried out and

improvement measure is implemented to improve the service

quality and customer experience. During the reporting period, no

complaint case (2024: nil) related to the money lending business

was received. The Group believes that complaints are valuable

opportunities to obtain feedback from customers so as to identify

the need for quality and policy improvements.

Customer Data Protection and Privacy

The Group acknowledges that data privacy is a critical issue for

the financial services industry and we place great importance on

the data protection of our customers. We adhere to the Personal

Data (Privacy) Ordinance in Hong Kong and take high precautions

in ensuring data confidentiality to avoid misuse or leakage of

personal data. The confidential personal data is handled with

due care and kept in a locked cabinet. We have incorporated

our requirements into staff handbook and requires employees to

abide by the guidance on prohibiting any unauthorised disclosure

of confidential information. In addition, we have included the

purpose of personal data collection in the loan application form

to ensure our customers are aware of it.

B7. ANTI-CORRUPTION

The Group is committed to upholding the high standards of

business ethics and integrity in the conduct of our Group’s

business and operation. We strictly comply with all applicable

laws and regulations, including the Prevention of Bribery

Ordinance in Hong Kong. Our standards towards anti-corruption

and business ethics, incorporated into the staff handbook, are

communicated and reinforced to our employees. Employees

shall not solicit or accept any forms of bribing benefits, including

banquets, cash, gifts, rebates and commissions. If any case of

suspected corruption or other criminal offence is discovered,

it will be reported to the Independent Commission Against

Corruption or other relevant authorities.

投诉处理

本集团严格遵守「客户问题处理制

度」订明之客户投诉操作程序，确保

客户之意见得到处理及回应。所有

客户投诉由负责部门于合理时间内

考虑及认真跟进。我们进行相关调

查，实施改进措施，提升服务质量

及客户体验。于报告期内，并无收

到与放债业务有关之投诉（2024年：

无）。本集团认为，投诉乃获得客户

反馈之宝贵机会，从而发现需要进

行改善之质量及政策。

客户资料保护及私隐

本集团深明资料私隐乃金融服务业

之关键议题，并极为重视保护客户

资料。我们遵循香港《个人资料（私

隐）条例》，采取高度预防措施确保

资料保密，以免滥用或泄露个人资

料。机密个人资料均获审慎处理，

并存置在上锁的文件柜内。我们已

将其规定载入员工手册，并要求雇

员遵守指引，禁止出现任何未经授

权披露机密资料之情况。此外，我

们于贷款申请表格载列以确保客户

知悉收集个人资料之目的。

B7. 反贪污

本集团矢志在业务营运过程中秉持

高水平之商业道德及诚信。我们严

格遵守所有适用法律及法规，包括

香港《防止贿赂条例》。我们有关反

贪污及商业道德之标准已载入员工

手册，并与雇员沟通及加强有关方

面。雇员不得索取或收受任何形式

之贿赂利益，包括宴请、现金、礼

物、回扣及佣金。如发现任何怀疑

干犯贪污或其他刑事罪行之情况，

将向廉政公署或其他相关当局举报。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

The Group aims to avoid being directly or indirectly involved in

corrupt practices. Hence, we have established a “Guideline on

Anti-Money Laundering and Counter-Terrorist Financing”, which

covers procedures for customer due diligence and reporting

suspicious transaction, to prevent and detect any money

laundering and terrorist financing.

Customer Due Diligence

Prior to accepting customers’ loan applications, the Group

carries out Know-Your-Client procedures to verify the identity of

customers and assess the risks associated with the customers

by using documents, data and information obtained from

reliable and independent sources, such as government and

public authorities. We verify the identity of individual customers

by inspecting their Hong Kong Identity Cards and proofs of

residential address. For corporate customers, we verify their

identity by inspecting their Certificates of Incorporation and/or

Business Registration Certificates.

In addition, the Group conducts checking on land registers to

verify the ownership of the properties and ascertain whether

the properties are under any charges. For body corporate

customers, we enquire about the ownership structures of the

body corporate. We do not allow anonymous customer accounts

to be set up, and loan repayments from customers are mainly

made by cheques or bank direct transfers with their own bank

accounts and payable to us or our solicitors.

Suspicious Transactions Reporting

Upon any suspected or confirmed case of property representing

the proceeds of crime or terrorist property, employees are

required to immediately report to the Group’s top management

in accordance with our internal guidelines. The Group will

promptly report the suspicious transactions to the Joint

Financial Intelligence Unit3 using the standard form or e-channel

“STREAMS”.

The Group’s “Complaints Reporting and Whistleblower

Protection System” encourages and enables employees to report

on observed and suspected non-compliance and questionable

practices. The Group has also established a confidentiality

mechanism to protect whistleblowers against intimidation and

reprisals.

本集团之目标为避免直接或间接参

与贪污行为。因此，我们已制定「反

洗黑钱及反恐怖分子融资活动指

引」，其中涵盖客户尽职审查及报告

可疑交易程序，以防止及发现任何

洗黑钱及恐怖分子融资活动。

客户尽职审查

在接受客户之贷款申请前，本集团

会执行「认识你的客户」程序，使

用来自政府及公营机构等可靠及独

立渠道之文件、数据及资料，以核

实客户身份及评估与客户有关之风

险。我们透过检查个人客户之香港

身份证及住址证明，并透过检查企

业客户之公司注册证书及╱或商业

登记证书，以核实客户身份。

此外，本集团会进行土地查册，以

核实物业之拥有权及确定有关物业

是否涉及任何抵押。就法团客户而

言，我们将查询该法团之拥有权架

构。我们不容许设立匿名客户账

户，因此客户主要使用其本身银行

账户开出之支票或银行直接转账向

我们或我们的律师偿还贷款。

报告可疑交易

根据我们的内部指引，当雇员怀疑

或确定任何物业为犯罪得益或恐怖

分子物业，须即时向本集团高级管

理层汇报。本集团将从速采用标准

形式或电子渠道「可疑交易报告管理

系统」向联合财富情报组3报告可疑

交易。

本集团之《投诉及举报保护制度》鼓

励及让雇员报告观察到及有怀疑之

不合规及可疑做法。本集团亦制定

保密机制，以保障举报人免遭威胁

及报复。

香港信贷集团有限公司

2025 年报

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

During the reporting period, the Group was not aware of any

non-compliance (2024: nil) with the relevant laws and regulations

that had a significant impact on the Group relating to bribery,

extortion, fraud and money laundering. There was no legal case

regarding corruption practices brought against our Group during

the reporting period.

The Group organised training sessions of anti-corruption for

employees provided by The Association of Financing Industry

Practitioners. At the end of the reporting period, the number

of employees received anti-corruption training and the training

hours by employment category were as follows:

Anti-corruption training

反贪污培训

Number of employees received training

受训雇员人数

• Board of directors and Senior management

董事会及高级管理层

• Middle management

中级管理层

• General

普通雇员

Total employees

雇员总人数

Number of training hours

受训时数

• Board of directors and Senior management

董事会及高级管理层

• Middle management

中级管理层

• General

普通雇员

Total training hours

受训总时数

于报告期内，本集团并不知悉任何

未遵守有关贿赂、勒索、欺诈及洗

黑钱之相关法律及法规而对本集

团产生重大影响之情况（2024年：

无）。于报告期内，本集团亦无牵涉

任何有关贪污之法律案件。

本集团已为雇员举办由融资行业从

业员协会提供之反贪污培训。于报

告期末，按雇佣类别划分参与反贪

污培训之雇员人数及受训时数详情

如下：

For the year ended 31 March
截至3月31日止年度
2025
2025年
5
—
34
39
7.5
—
51.0
58.5

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

COMMUNITY

B8. COMMUNITY INVESTMENT

As a socially responsible corporate citizen, the Group strives to

contribute back to society and bring a positive impact on the

community. A “Community Involvement Policy” is in place to

encourage and support community development initiatives. Our

principal subsidiary, HK Finance, has been awarded the “Caring

Company” logo by the Hong Kong Council of Social Service

for four consecutive years in recognition of our contribution

to society and serving the community by donating to different

institutions.

In addition, the Group encourages its employees to dedicate

their time and skills to participate in different voluntary activities

and be aware of community needs. We also encourage our

employees, customers and business partners to make donations

in supporting the sustainable development of the community.

During the reporting period, the Group made donations to

various charities or foundations. The donation amount in HK

dollars is below:

Po Leung Kuk保良局98,000

St. Paul’s College Foundation Limited圣保罗书院基金有限公司20,000

Million Hearts Charity Services万爱慈善服务18,000

Total总计136,000

社区

B8. 社区投资

作为对社会负责任之企业公民，本

集团致力回馈社会，并为社区带来

积极影响。我们已制定「社区参与政

策」，以鼓励及支援社区发展措施。

旗下主要附属公司香港信贷已连续

四年获得香港社会服务联会之「商界

展关怀」标志，表扬我们通过向不同

机构捐款对社会作出贡献及服务社

区。

此外，本集团鼓励雇员奉献其时间

及技能参与不同义工活动，并了解

社区需求。我们亦鼓励雇员、客户

及业务伙伴捐款，以支持社区可持

续发展。

于报告期内，本集团向多个慈善机

构或基金会进行了捐赠。捐赠金额

（港元）如下所示：

Name of Charity/Foundation	慈善机构╱基金会名称	HK$
Name of Charity/Foundation	慈善机构╱基金会名称	港元

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

香港信贷集团有限公司

2025 年报

EXECUTIVE DIRECTORS

Mr. Chan Koung Nam, aged 69, is our executive Director who was

appointed to the Board in 2013. Mr. Chan is also acting as a director of

various subsidiaries of our Company. He is the brother of Mr. Chan Kwong

Yin William and one of the founders of our Group. Mr. Chan is also the

father of Ms. Chan Siu Ching. He has extensive experience in money lending

business and is responsible for the strategic planning and overall development

of our Group.

Mr. Chan is one of the substantial Shareholders (as defined under the Listing

Rules). He owns 50% of the issued share capital of Tin Ching Holdings which

is one of the substantial Shareholders. Details of his interest in the Shares and

underlying Shares have been disclosed in the section headed “Report of the

Directors” under the sub-sections headed “Directors’ and Chief Executive’s

Interests and/or Short Positions in Shares and underlying Shares or any other

associated corporation” and “Substantial Shareholders’ Interests and/or short

positions in Shares and underlying Shares” respectively.

Mr. Chan Kwong Yin William, aged 60, is our executive Director who

was appointed to the Board in 2013. Mr. Chan is also acting as a director

of various subsidiaries of our Company and is the Chairman of the Board.

He is the brother of Mr. Chan Koung Nam and one of the founders of our

Group. Mr. Chan has extensive experience in money lending business and is

responsible for overseeing our Group’s business operation and development

as well as monitoring our Group’s corporate strategy and administration. He

also supervises the formulation of our Group’s marketing strategy and the

execution of the relevant marketing programs.

Mr. Chan is one of the substantial Shareholders (as defined under the Listing

Rules). He owns 50% of the issued share capital of Tin Ching Holdings which

is one of the substantial Shareholders. Details of his interest in the Shares and

underlying Shares have been disclosed in the section headed “Report of the

Directors” under the sub-sections headed “Directors’ and Chief Executive’s

Interests and/or Short Positions in Shares and underlying Shares or any other

associated corporation” and “Substantial Shareholders’ Interests and/or short

positions in Shares and underlying Shares” respectively.

Mr. Tse Pui To, aged 59, is our executive Director and the Chief Executive

Officer who was appointed to the Board in 2013. Mr. Tse joined our Group

in 2002 and is responsible for managing our Group’s business operation

with focus on our loan sales, aftersales activities and other administrative

functions. Prior to joining our Group, he worked as and held senior positions

in various financial institutions. Mr. Tse possesses extensive experience in

corporate finance activities and business promotions.

执行董事

陈光南先生，69岁，于2013年获委任加入董事

会为我们的执行董事。陈光南先生亦出任本公司

多间附属公司之董事。彼为陈光贤先生之胞兄并

为本集团创办人之一。陈光南先生为陈小菁女士

之父亲。彼在放债业务方面具备丰富经验，负责

本集团策略性规划及整体发展。

陈光南先生为其中一名主要股东（定义见上市规

则）。彼于其中一名主要股东天晶控股之已发行

股本中拥有50%权益。有关彼于股份及相关股

份的权益详情分别于标题为「董事会报告」项下

「董事及最高行政人员于股份及相关股份或任何

其他相联法团之权益及╱或淡仓」及「主要股东于

股份及相关股份之权益及╱或淡仓」分节内披露。

陈光贤先生，60岁，于2013年获委任加入董事

会为我们的执行董事。陈光贤先生亦出任本公司

多间附属公司之董事，并担任董事会主席。彼为

陈光南先生之胞弟并为本集团创办人之一。陈光

贤先生在放债业务方面具备丰富经验，负责监管

本集团之业务营运和发展，并监察本集团之企业

策略和管理。彼亦负责监督本集团营销策略的制

订及相关营销计划的执行。

陈光贤先生为其中一名主要股东（定义见上市规

则）。彼于其中一名主要股东天晶控股之已发行

股本中拥有50%权益。有关彼于股份及相关股

份的权益详情分别于标题为「董事会报告」项下

「董事及最高行政人员于股份及相关股份或任何

其他相联法团之权益及╱或淡仓」及「主要股东于

股份及相关股份之权益及╱或淡仓」分节内披露。

谢培道先生，59岁，于2013年获委任加入董

事会为我们的执行董事兼行政总裁。谢先生于

2002年加入本集团，负责管理本集团之业务营

运，主要管理我们之贷款销售、售后活动及其他

行政职务。加入本集团之前，彼曾任职于若干金

融机构，并担任高级职位。谢先生于企业融资活

动及业务推广方面拥有丰富经验。

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

Ms. Chan Siu Ching, aged 43, is our executive Director who was appointed

to the Board in 2022. Ms. Chan joined our Group in 2016 and is mainly

responsible for the overall business development of the Group’s money

lending business. Prior to joining our Group, she acted as the managing

director of another money lending company in Hong Kong. Ms. Chan is the

daughter of Mr. Chan Koung Nam.

Ms. Chan obtained a degree of bachelor of management in tourism and

hospitality from University of Technology, Sydney. She has also completed a

programme in executive master of business administration and has obtained

a degree of master of business administration from The Chinese University of

Hong Kong.

INDEPENDENT NON-EXECUTIVE DIRECTORS

Mr. Chu Yat Pang Terry, aged 53, is our independent non-executive

Director who was appointed to the Board in 2013. Currently Mr. Chu is an

independent non-executive director of each of Ten Pao Group Holdings

Limited (stock code: 1979) and AB Builders Group Limited (stock code:

1615), the shares of these two companies are listed on the Main Board of the

Stock Exchange. He is also a managing director of Halcyon Capital Limited

which specialises in initial public offerings and corporate advisory in mergers

and acquisitions.

Mr. Chu possesses solid experience in corporate finance and auditing. He

has worked for an international accounting firm and other corporate finance

departments of listed financial institutions in Hong Kong.

Mr. Chu graduated from The University of Western Ontario in Canada with a

bachelor of arts degree, and from The University of Hull in the United Kingdom

with a master of business administration (investment and finance) degree.

He also obtained a diploma in accounting from the School of Business and

Economics of the Wilfrid Laurier University in Canada. Mr. Chu is a member of

HKICPA.

Mr. Cheung Kok Cheong, aged 67, is our independent non-executive

Director who was appointed to the Board in 2013. Mr. Cheung is also a

practicing solicitor of the High Court of Hong Kong since 1993. Currently he

is a partner of S. H. Chan & Co., a solicitors’ firm in Hong Kong.

Mr. Cheung obtained a bachelor of arts degree from the University of Hong

Kong and a bachelor of laws degree from the University of London. He was

thereafter awarded the postgraduate certificate in laws by the University of

Hong Kong.

陈小菁女士，43岁，于2022年获委任加入董事

会为我们的执行董事。陈女士于2016年加入本

集团，主要负责本集团放债业务的整体业务发

展。于加入本集团前，彼担任香港另一间放债公

司的总经理。陈女士为陈光南先生之女儿。

陈女士拥有悉尼科技大学旅游及酒店管理学士学

位。其亦于香港中文大学完成行政人员工商管理

硕士课程，且已取得工商管理硕士学位。

独立非执行董事

朱逸鹏先生，53岁，于2013年获委任加入董事

会为我们的独立非执行董事。目前，朱先生为天

宝集团控股有限公司（股份代号：1979）及奥邦

建筑集团有限公司（股份代号：1615）各自之独

立非执行董事。此两间公司之股份皆在联交所主

板上市。彼亦为铠盛资本有限公司之董事总经

理，该公司致力于首次上市公开发售以及为企业

提供并购咨询。

朱先生在企业融资及审计方面累积扎实经验。彼

曾于一间国际会计师事务所及其他香港上市金融

机构之企业融资部任职。

朱先生毕业于加拿大西安大略大学，获文学士学

位，并毕业于英国赫尔大学，获工商管理硕士

（投资及财务学）学位。彼亦于加拿大威尔弗雷德

劳里埃大学获经商学院之会计文凭。朱先生为香

港会计师公会会员。

张国昌先生，67岁，于2013年获委任加入董事

会为我们的独立非执行董事。张先生自1993年

起亦为香港高等法院之执业律师。目前，彼为香

港律师事务所陈淑雄律师行之合伙人。

张先生于香港大学取得文学学士学位，并於伦敦

大学取得法学学士学位。彼随后获香港大学颁授

法学专业证书。

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

香港信贷集团有限公司

2025 年报

Mr. Wong Kai Man, aged 58, is our independent non-executive Director

who was appointed to the Board in 2022. Mr. Wong resigned as a managing

director, chief executive officer and company secretary of Mariner Corporation

Limited, a company listed on the Australian Stock Exchange (ASX) (stock

code: MCX) in Australia, with effect from 4 January 2024.

He has obtained a master of business administration from the Murdoch

University in Australia. He has solid experience in global investment banking,

corporate finance and executive management.

SENIOR MANAGEMENT

Mr. Hui Chun Ho Eric, aged 50, is the Financial Controller and Company

Secretary of our Group. Mr. Hui joined our Group in 2012 and is responsible

for the overall financial accounting and reporting, taxation, corporate finance

and corporate governance matters of our Group.

Mr. Hui possesses solid experience in auditing, financial accounting and

reporting, taxation, corporate governance and corporate finance matters.

Prior to joining our Group, he worked for an international accounting firm and

held several senior positions in other listed companies in Hong Kong.

Mr. Hui is a fellow member of both The Association of Chartered Certified

Accountants and HKICPA, and an associate of The Taxation Institute of Hong

Kong. He obtained a bachelor of arts degree in accountancy from The Hong

Kong Polytechnic University and a master of business administration with

distinction from The University of Manchester, United Kingdom.

Ms. Wong Sze, aged 39, is the Managing Director – Head of Personal Loan

of our Group. Ms. Wong joined our Group in 2017 and is responsible for

managing, developing and administering our Group’s operation in personal

loan business.

Ms. Wong possesses extensive experience in money lending industry, its

development and administration. Prior to joining our Group, she worked for

and held a senior position in a well-known money lending company in Hong

Kong.

Ms. Wong obtained a bachelor of arts degree with first class honours in social

policy and administration from The Hong Kong Polytechnic University.

Mr. Choi Tak On Jobby, aged 56, is the Senior Mortgage Sales Manager

of our Group. Mr. Choi joined our Group in 2005 and is responsible for

administering the mortgage loan sales and credit assessment of our Group’s

lending business.

Wong Kai Man先生，58岁，于2022年获委任

加入董事会为我们的独立非执行董事。自2024

年1月4日起生效，Wong Kai Man先生辞任

Mariner Corporation Limited（一间于澳大利亚证

券交易所(ASX)（股份代号：MCX）上市的公司）

的总经理、行政总裁及公司秘书职务。

其拥有澳大利亚默多克大学工商管理硕士学位。

于全球投资银行、企业融资及行政管理方面拥有

丰富经验。

高级管理层

许俊浩先生，50岁，为本集团的财务总监及公

司秘书。许先生于2012年加入本集团，负责本

集团之整体财务会计及报告、税务、企业融资及

企业管治事宜。

许先生在审计、财务会计及报告、税务、企业管

治及企业融资方面拥有扎实经验。在加入本集团

之前，彼曾于一间国际会计师事务所任职，并曾

于其他香港上市公司担任若干高级职位。

许先生为特许公认会计师公会资深会员、香港会

计师公会资深会员及香港税务学会会员。彼于香

港理工大学取得会计学文学士学位，并以优异成

绩获英国曼彻斯特大学颁授工商管理硕士学位。

王诗女士，39岁，为本集团的董事总经理－私

人贷款主管。王女士于2017年加入本集团，负

责本集团私人贷款业务之营运管理及开发。

王女士于放债行业之开发及管理有丰富经验。在

加入本集团之前，彼曾于香港一间知名的放债人

公司担任高级职务。

王女士于香港理工大学取得社会政策及行政一级

荣誉文学士学位。

蔡德安先生，56岁，为本集团的高级按揭销售

经理。蔡先生于2005年加入本集团，负责管理

本集团放债业务之按揭贷款销售及信贷评估。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

REPORT OF THE DIRECTORS

董事会报告

Our Directors are pleased to present the report of the Directors together with

the audited financial statements of our Group for the year ended 31 March

2025.

PRINCIPAL ACTIVITIES

The principal activity of our Company is investment holding. The principal

activities of our subsidiaries are set out in Note 18 to the financial statements.

There were no significant changes in the nature of our Group’s principal

activities during the year.

RESULTS

The results of our Group for the year ended 31 March 2025 are set out in the

“Consolidated Statement of Comprehensive Income”.

ANNUAL GENERAL MEETING

The AGM will be held on Wednesday, 3 September 2025. The notice of AGM,

which constitutes part of the circular to the Shareholders, will be published

on the websites of our Company and the Stock Exchange respectively in due

course.

DIVIDENDS

An interim dividend of HK1.3 cents per Share for the six months ended 30

September 2024 had been paid to our Shareholders on 14 January 2025.

The Board recommended the payment of a final dividend of HK1.3 cents per

Share for the year ended 31 March 2025, subject to shareholders’ approval

at the AGM. The proposed final dividend will be paid on Friday, 10 October

2025.

CLOSURES OF REGISTER OF MEMBERS

The register of members of the Company will be closed during the following

periods, and no transfers of shares of the Company will be effected during

such periods:

(i) from Friday 29 August 2025 to Wednesday, 3 September 2025, both

days inclusive, for the purpose of ascertaining shareholders’ entitlement

to attend and vote at the AGM. The record date for the AGM will be

Wednesday, 3 September 2025. In order to be entitled to attend and

vote at the AGM, all transfers of ordinary shares of the Company,

duly accompanied by the relevant share certificates, must be lodged

with the Hong Kong branch share registrar and transfer office of the

Company, Union Registrars Limited (the “Branch Share Registrar”), at

Suites 3301–04, 33/F., Two Chinachem Exchange Square, 338 King’s

Road, North Point, Hong Kong for registration no later than 4:00 p.m.

on Thursday, 28 August 2025; and

董事欣然呈报董事会报告，连同本集团截至

2025年3月31日止年度之经审核财务报表。

主要业务

本公司主要业务为投资控股。附属公司主要业务

详情载于财务报表附注18。年内，本集团主要

业务之性质并无任何重大变动。

业绩

本集团截至2025年3月31日止年度之业绩载于

「综合全面收入表」。

股东周年大会

本公司股东周年大会将于2025年9月3日（星期

三）举行。股东周年大会之通告（构成致股东通函

之一部分）将于适当时候分别刊载于本公司网站

及联交所网站。

股息

截至2024年9月30日止六个月之中期股息每股

1.3港仙已于2025年1月14日派付予股东。董

事会建议就截至2025年3月31日止年度派发末

期股息每股1.3港仙，惟须待股东于股东周年大

会上批准后方可作实。建议末期股息将于2025

年10月10日（星期五）派付。

暂停办理股份过户登记

本公司之股东名册将于下列期间暂停办理股份过

户登记，期间将不会办理股份之过户：

(i) 由2025年8月29日（星期五）至2025年9

月3日（星期三）（包括首尾两日），以确定

股东可出席股东周年大会并于会上投票之

资格。股东周年大会的登记日期为2025年

9月3日（星期三）。为符合出席股东周年

大会并于会上投票之资格，所有本公司普

通股过户文件连同有关股票，必须不迟于

2025年8月28日（星期四）下午4时正前送

交本公司之香港股份过户登记分处联合证

券登记有限公司（「股份过户登记分处」）办

理登记，地址为香港北角英皇道338号华

懋交易广场2期33楼3301-04室；及

香港信贷集团有限公司

2025 年报

REPORT OF THE DIRECTORS

董事会报告

(ii) from Wednesday, 10 September 2025 to Friday, 12 September 2025,

both days inclusive, for the purpose of ascertaining shareholders’

entitlement to the proposed final dividend for the year ended 31

March 2025. The record date for the final dividend will be Friday, 12

September 2025. In order to determine entitlements to the proposed

final dividend, all transfers of ordinary shares of the Company, duly

accompanied by the relevant share certificates, must be lodged with

the Branch Share Registrar at the address set out above for registration

no later than 4:00 p.m. on Tuesday, 9 September 2025.

DONATIONS

Charitable and other donations made by our Group during the year amounted

to HK$136,000 (2024: HK$222,000).

BUSINESS REVIEW

Details of our business review as at 31 March 2025 are set out in the

preceding section headed “Management Discussion and Analysis”. These

discussions form part of this “Report of the Directors”.

PRINCIPAL PROPERTIES

Details of our principal properties held for investment purposes are set out in

the section headed “Schedule of Investment Properties”.

SHARE ISSUED IN THE YEAR

Details of the share issued in the year ended 31 March 2025 are set out in

Note 26 to the financial statements.

DISTRIBUTABLE RESERVES

Distributable reserves of our Company at 31 March 2025, calculated under

the legislation applicable in Company’s place of incorporation, amounted to

HK$397,560,000 (2024: HK$390,178,000) before the proposed final dividend

for the year ended 31 March 2025.

PRE-EMPTIVE RIGHTS

There is no provision for pre-emptive rights under the Articles of Association

and there was no restriction against such rights under the laws of Cayman

Islands, which would oblige our Company to offer new shares on a pro-rata

basis to existing Shareholders.

(ii) 由2025年9月10日（星期三）至2025年9

月12日（星期五）（包括首尾两日），以确定

股东可享有截至2025年3月31日止年度

建议末期股息之资格。末期股息的登记日

期为2025年9月12日（星期五）。为厘定

可享有建议末期股息之资格，所有本公司

普通股过户文件连同有关股票，必须不迟

于2025年9月9日（星期二）下午4时正前

送交股份过户登记分处办理登记，地址如

上载述。

捐款

年内，本集团作出慈善及其他捐款136,000港元

（2024年：222,000港元）。

业务回顾

于2025年3月31日之业务回顾详情载于前部标

题为「管理层讨论及分析」内。此等讨论构成本

「董事会报告」之一部分。

主要物业

持作投资用途之主要物业详情载于标题为「投资

物业列表」内。

年内发行股份

截至2025年3月31日止年度发行股份之详情载

于财务报表附注26。

可分派储备

于2025年3月31日，按照本公司注册成立地

点适用法律计算，本公司扣除截至2025年3月

31日止年度建议末期股息前之可分派储备为

397,560,000港元（2024年：390,178,000港

元）。

优先购买权

组织章程细则并无优先购买权之规定，开曼群岛

法律亦无限制有关权利，致使本公司毋须按持股

比例向现有股东发售新股。

Hong Kong Finance Group Limited

ANNUAL REPORT 2025

REPORT OF THE DIRECTORS

董事会报告

FIVE-YEAR FINANCIAL SUMMARY

A summary of the results and of the assets and liabilities of our Group for

the last five financial years is set out section headed “Five-year Financial

Summary”.

PURCHASE, SALE OR REDEMPTION OF OUR COMPANY’S

LISTED SECURITIES

Neither our Company nor any of our subsidiaries purchased, sold or

redeemed any of our Company’s listed securities during the year ended 31

March 2025.

DIRECTORS

The Directors of our Company during the year and up to the date of this

annual report were:

Executive Directors:

Mr. Chan Koung Nam

Mr. Chan Kwong Yin William (Chairman)

Mr. Tse Pui To (Chief Executive Officer)

Ms. Chan Siu Ching

Independent Non-executive Directors:

Mr. Chu Yat Pang Terry

Mr. Cheung Kok Cheong

Mr. Wong Kai Man

Pursuant to Article 84 of the Articles of Association, at each annual general

meeting one third of the directors for the time being (or, if their number is not

a multiple of three, the number nearest to but not less than one-third) shall

retire from office by rotation, provided that every director shall be subject

to retirement at an annual general meeting at least once every three years.

Any Director appointed by the Board pursuant to Article 83(3) shall not be

taken into account in determining which particular Directors or the number

of Directors who are to retire by rotation. Accordingly, Ms. Chan Siu Ching

(executive Director), Mr. Chu Yat Pang Terry (independent non-executive

Director) and Mr. Cheung Kok Cheong (independent non-executive Director)

will retire at the AGM and, being eligible, offer themselves for re-election.

Our Company has received, from each of the independent non-executive

Directors, an annual confirmation of his independence pursuant to Rule 3.13

of the Listing Rules. Our Company considers all of the independent non-

executive Directors to be independent during the year ended 31 March 2025

and up to the date of this Directors’ Report.

五年财务概要

本集团于过去五个财政年度之业绩以及资产及负

债概要载于标题为「五年财务概要」内。

购买、出售或赎回本公司上市证券

本公司或其任何附属公司于截至2025年3月31

日止年度概无购买、出售或赎回本公司任何上市

证券。

董事

本公司于年内及直至本年报日期之董事如下：

执行董事：

陈光南先生

陈光贤先生（主席）

谢培道先生（行政总裁）

陈小菁女士

独立非执行董事：

朱逸鹏先生

张国昌先生

Wong Kai Man先生

根据本公司组织章程细则第84条，占当时三分

之一的董事（或倘人数并非三之倍数，则按最接

近但不少于三分之一之人数计）将于每届股东周

年大会轮席告退，惟每名董事须至少每三年于

股东周年大会退任一次。根据组织章程细则第

83(3)条获董事会委任的任何董事在厘定轮值退

任的特定董事或董事数目时不应考虑在内。退任

董事将符合资格于会上接受重选。因此，陈小菁

女士（执行董事）、朱逸鹏先生（独立非执行董事）

及张国昌先生（独立非执行董事）将于本公司应届

股东周年大会退任，并符合资格重选连任。

根据上市规则第3.13条，各独立非执行董事已

向本公司发出年度独立确认书。本公司认为所有

独立非执行董事于截至2025年3月31日止年度

及截至本董事会报告日期均属独立人士。

香港信贷集团有限公司

2025 年报

REPORT OF THE DIRECTORS

董事会报告

DIRECTORS’ SERVICE AGREEMENTS

Each of the executive Directors has entered into a service agreement with

our Company for an initial term of three years and shall continue thereafter

unless terminated by not less than three (3) months’ prior notice in writing or

otherwise in accordance with the service agreement. Each of the executive

Directors will receive a monthly salary subject to annual review by the Board

and the remuneration committee of the Board. Each of the executive Directors

is also entitled to a discretionary bonus as may be determined by the Board

and the remuneration committee of the Board after each completed year of

service provided that the aggregate amount of discretionary bonuses payable

in each financial year to all executive Directors shall not exceed five per cent

of the audited consolidated net profit attributable to owners of our Company

but before extraordinary or exceptional items of the relevant financial year.

Each of the executive Directors is also entitled to a guaranteed bonus which

is equivalent to one-month salary.

Our Group has provided quarters located in Hong Kong to executive

Directors, namely Mr. Chan Koung Nam and Mr. Chan Kwong Yin William as

part of the remuneration of their directorships in our Group.

Each of the independent non-executive Directors has signed a service

agreement with our Company for an initial term of two years and shall

continue thereafter unless terminated by not less than three (3) months’

prior notice in writing or otherwise in accordance with the relevant service

agreement. The annual fee payable by our Company to each of the

independent non-executive Directors is an aggregate amount according to

the service agreement.