SOLAI Ltd 6-K, filed Apr 25, 2022

SOLAI Ltd (SLAIY)

6-K 2022-04-25 For: 2022-04-25

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Added on April 08, 2026

About this 6-K

SOLAI Ltd filed this 6-K on April 25, 2022.

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	BIT Mining Limited

	By:		/s/ Xianfeng Yang
	Name:		Xianfeng Yang
	Title:		Chief Executive Officer

Our audit procedures included, among others:

	- Assessing the identification of the related cash generating units;

	- Assessing the arithmetical accuracy of the value-in-use calculations;

	- Comparing the actual cash flows with the cash flow projection;

	- Assessing the reasonableness of the key assumptions (including revenue growth, profit margins, terminal growth rates and discount rates); and

	- Checking input data to supporting evidence.

We consider that the Group's impairment test for property, plant and equipment is supported by the available evidence.

Loan receivables

Refer to note 24 to the consolidated financial statements.

The Group tested the amount of loan receivables for impairment. This impairment test is significant to our audit because the balance of loan receviables of approximately HK$30,000,000 as at 31 December 2021 is material to the consolidated financial statements. In addition, the Group's impairment test involves application of judgement and is based on estimates.

Our audit procedures included, among others:

	- Assessing the Group's relationship and transaction history with the borrower;

	- Evaluating the Group's impairment assessment;

	- Assessing ageing of the debts;

	- Checking subsequent settlements from the borrowers; and

	- Assessing the disclosure of the Group's exposure to credit risk in the consolidated financial statements.

We consider that the Group's impairment test for loan receivables is supported by the available evidence.

Trade receivables

Refer to note 25 to the consolidated financial statements.

The Group tested the amount of trade receivables for impairment. This impairment test is significant to our audit because the balance of trade receivables of approximately HK$10,125,000 as at 31 December 2021 is material to the consolidated financial statements. In addition, the Group’s impairment test involves application of judgement and is based on estimates.

Our audit procedures included, among others:

	- Assessing the Group’s procedures on granting credit limits and credit periods to customers;

	- Assessing the Group’s relationship and transaction history with the customers;

	- Evaluating the Group’s impairment assessment;

	- Assessing ageing of the debts;

	- Assessing creditworthiness of the customers;

	- Checking subsequent settlements from the customers; and

	- Assessing the disclosure of the Group’s exposure to credit risk in the consolidated financial statements.

We consider that the Group’s impairment test for trade receivables is supported by the available evidence.

RESPONSIBILITIES OF DIRECTORS FOR THE CONSOLIDATED FINANCIAL STATEMENTS

The directors are responsible for the preparation of the consolidated financial statements that give a true and fair view in accordance with IFRSs issued by the IASB and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the Directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, the directors are responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITY FOR THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. We report our opinion solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

	- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. the risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

	- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.

	- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

	- Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

	- Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

	- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with Audit and Compliance Committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide Audit and Compliance Committee with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate treats of safeguards applied.

From the matters communicated with Audit and Compliance Committee, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

		2020			2021
	Notes	HK$'000			HK$'000
REVENUE	8		382,955			180,721
Cost of sales and service rendered			(342,213	)		(194,487	)
Gross profit/(loss)			40,742			(13,766	)
Interest income			444			291
Other income and gains	9		1,773			2,717
Selling expenses			(105	)		(28	)
Administrative expenses			(75,178	)		(56,714	)
Impairment of property, plant and equipment			-			(212,361	)
Impairment of right-of-use assets			-			(3,018	)
Impairment of goodwill			-			(11,867	)
Impairment of intangible assets			-			(433	)
Impairment of trade and other receivables			(1,905	)		-
Other expenses			(4,568	)		(574	)
Share of (loss)/profit of associates			(1,112	)		1,230
Finance costs	10		(448	)		(584	)
LOSS BEFORE TAX			(40,357	)		(295,107	)
Income tax (expense)/credit	12		(2,898	)		2,771

LOSS FOR THE YEAR	13		(43,255	)		(292,336	)

OTHER COMPREHENSIVE INCOME
Other comprehensive (loss)/income for the year, net of tax:
Items that will not be reclassified to profit or loss:
Fair value changes of equity investments at fair value through other comprehensive income			(83	)		14,397

			(83	)		14,397

Items that may be reclassified to profit or loss:
Exchange differences on translation of foreign operations			16,727			7,414
			16,727			7,414

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX			16,644			21,811
TOTAL COMPREHENSIVE LOSS FOR THE YEAR			(26,611	)		(270,525	)

LOSS FOR THE YEAR ATTRIBUTABLE TO:
Owners of the Company			(46,767	)		(286,686	)
Non-controlling interests			3,512			(5,650	)
			(43,255	)		(292,336	)

TOTAL COMPREHENSIVE LOSS FOR THE YEAR ATTRIBUTABLE TO:
Owners of the Company			(31,261	)		(264,640	)
Non-controlling interests			4,650			(5,885	)
			(26,611	)		(270,525	)

LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY (HK cents)	15
— Basic and diluted			(14.16	)		(56.54	)

LOTO INTERACTIVE LIMITED
乐透互娱有限公司
CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

The consolidated financial statements on pages 5 to 54 were approved and authorised for issue by the board of directors on 23 March 2022 and are signed on its behalf by:

Approved by:
	Yan Hao	Huang Lilan
	Director	Director

	Attributable to owners of the Company
	Issued capital		Share premium^#		Share-based payment reserve^#			Other reserve*^#			Exchange reserve^#		Equity investment revaluation reserve^#			Accumulated losses^#			Total			Non-controlling interests			Total equity
	HK$'000		HK$'000		HK$'000			HK$'000			HK$'000		HK$'000			HK$'000			HK$'000			HK$'000			HK$'000
At 1 January 2020		31,586		329,194		20,881			(5,255	)		3,692		(12,570	)		(37,657	)		329,871			12,876			342,747

(Loss)/Profit for the year		-		-		-			-			-		-			(46,767	)		(46,767	)		3,512			(43,255	)
Other comprehensive income/(loss) for the year		-		-		-			-			15,589		(83	)		-			15,506			1,138			16,644
Total comprehensive income/(loss) for the year		-		-		-			-			15,589		(83	)		(46,767	)		(31,261	)		4,650			(26,611	)

Issue of shares on placement (Note 32(b))		6,316		9,712		-			-			-		-			-			16,028			-			16,028
Equity-settled share-based payment expense (Note 34)		-		-		4,028			-			-		-			-			4,028			-			4,028
Cancellation of share option scheme		-		-		(15,539	)		-			-		-			15,539			-			-			-
Non-controlling interests arising from increase in paid-up capital		-		-		-			-			-		-			-			-			78,895			78,895
Loss on deregistration of subsidiaries		-		-		-			-			-		-			-			-			(5,377	)		(5,377	)
At 31 December 2020		37,902		338,906		9,370			(5,255	)		19,281		(12,653	)		(68,885	)		318,666			91,044			409,710

At 1 January 2021		37,902		338,906		9,370			(5,255	)		19,281		(12,653	)		(68,885	)		318,666			91,044			409,710

Loss for the year		-		-		-			-			-		-			(286,686	)		(286,686	)		(5,650	)		(292,336	)
Other comprehensive income/(loss) for the year		-		-		-			-			7,649		14,397			-			22,046			(235	)		21,811
Total comprehensive income/(loss) for the year		-		-		-			-			7,649		14,397			(286,686	)		(264,640	)		(5,885	)		(270,525	)

Issuance of shares on subscription (Note 32(c))		16,936		83,618		-			-			-		-			-			100,554			-			100,554
Purchase of non-controlling interests (Note 35(a))		-		-		-			-			-		-			(18,966	)		(18,966	)		(85,391	)		(104,357	)
Equity-settled share-based payment expense		-		-		1,619			-			-		-			-			1,619			-			1,619
Disposal of equity investments at fair value through other comprehensive income		-		-		-			-			-		(1,744	)		1,744			-			-			-
At 31 December 2021		54,838		422,524		10,989			(5,255	)		26,930		-			(372,793	)		137,233			(232	)		137,001

^*	Other reserve represents the difference between the adjustment to non-controlling interests and the consideration paid arising in equity transactions.

^#	These reserve accounts comprise the consolidated reserves in the consolidated statement of financial position.

LOTO INTERACTIVE LIMITED
乐透互娱有限公司

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2021

Leasehold improvement	20	%	-75	%
Machinery and equipment	20	%	-33.33	%
Furniture, fixtures and equipment	20	%	-50	%
Motor vehicles	10	%	-20	%

Category	Definition	Loss provision
Performing	Low risk of default and strong capacity to pay	12 month expected losses
Non-performing	Significant increase in credit risk	Lifetime expected losses

	Less than 1 year		Total
At 31 December 2020	HK$'000		HK$'000
Trade payables		4,611		4,611
Accruals and other payables		25,734		25,734
Amount due to a related company		467		467

		30,812		30,812

		2020		2021
	Notes	HK$'000		HK$'000
NON-CURRENT ASSETS
Property, plant and equipment	16		263,269		43,069
Right-of-use assets	17		6,409		4,185
Goodwill	18		11,703		-
Intangible assets	19		-		-
Investments in associates	21		2,431		3,698
Investment in a joint venture	22		-		-
Equity investments at fair value through other comprehensive income	23		5,057		-
Loan receivables	24		30,000		-
			318,869		50,952

CURRENT ASSETS
Loan receivables	24		-		30,000
Trade receivables	25		8,400		10,125
Prepayments, deposits and other receivables	26		83,018		38,600
Cash and cash equivalents	27		44,252		35,843
			135,670		114,568

CURRENT LIABILITIES
Trade payables	28		4,611		1,982
Accruals and other payables	29		25,734		14,650
Lease liabilities	30		3,360		5,851
Amount due to a related company	31		467		-
Tax payable			7,421		3,278
			41,593		25,761

NET CURRENT ASSETS			94,077		88,807

TOTAL ASSETS LESS CURRENT LIABILITIES			412,946		139,759

NON-CURRENT LIABILITIES
Lease liabilities	30		3,236		2,758
			3,236		2,758
NET ASSETS			409,710		137,001

EQUITY
Equity attributable to owners of the Company
Share capital	32		37,902		54,838

Land use rights			50	%
Land and buildings			33.33% - 58.53%

	2020		2021
Financial assets:	HK$'000		HK$'000
Equity investments at fair value through other comprehensive income		5,057		-
Financial assets at amortised cost:
Loan receivables		30,000		30,000
Trade receivables		8,400		10,125
Financial assets included in prepayments, deposits and other receivables		34,114		13,106
Cash and cash equivalents		44,252		35,843
Total		121,823		89,074

Financial liabilities:
Financial liabilities at amortised cost:
Trade payables	4,611	1,982
Financial liabilities included in accruals and other payables	25,734	14,650
Amount due to a related company	467	-
Total	30,812	16,632

	Fair value measurements using:		2020
Description	Level 1		Total
Recurring fair value measurements:	HK$'000		HK$'000
Equity investments at fair value through other comprehensive income
Listed securities in United States of America ("US")		5,057		5,057

Total recurring fair value measurements		5,057		5,057

	Fair value measurements using:		2021
Description	Level 1		Total
Recurring fair value measurements:	HK$'000		HK$'000
Equity investments at fair value through other comprehensive income
Listed securities in US		-		-

Total recurring fair value measurements		-		-

	PRC Big Data			Money Lending
	Centre Services			Business			Total
Year ended 31 December 2020	HK$'000			HK$'000			HK$'000
Revenue from external customers		379,658			2,250			381,908
Segment loss		(4,766	)		(203	)		(4,969	)
Depreciation		39,087			-			39,087
Additions to segment non-current assets		121,661			-			121,661
As at 31 December 2020
Segment assets		350,053			32,258			382,311
Segment liabilities		(29,310	)		-			(29,310	)

	Non-PRC Big
	Data Centre			PRC Big Data			Money Lending
	Services			Centre Services			Business			Total
Year ended 31 December 2021	HK$'000			HK$'000			HK$'000			HK$'000
Revenue from external customers		5,655			171,721			3,000			180,376
Segment profit/( loss)		97			(267,329	)		342			(266,890	)
Depreciation		273			30,249			-			30,522
Impairment of property, plant and equipment		-			210,536			-			210,536
Impairment of right-of-use assets		-			263			-			263
Impairment of goodwill		-			11,867			-			11,867
Impairment of intangible assets		-			433			-			433
Additions to segment non-current assets		12,012			3,309			-			15,321
As at 31 December 2021
Segment assets		14,911			104,383			32,292			151,586
Segment liabilities		(29	)		(11,501	)		(42	)		(11,572	)

(c) Information about major customers
Revenue from major customers, each of whom amounted to 10% or more of the total revenue, is set out below:
	2020		2021
	HK$'000		HK$'000
Customer A		N/A#		37,886
Customer B		63,167		19,972
Customer C		73,407		N/A*
Customer D		56,243		N/A*
Customer E		42,455		N/A*

		235,272		57,858

Segments	Big Data		Online Game				2020
	Centre Services		Business		Lottery Business		Total
Geographical markets		HK$'000		HK$'000		HK$'000		HK$'000
The PRC		379,658		1,017		30		380,705
Major products/service
Provision of big data centre services		379,658		-		-		379,658
Distribution of mobile gaming		-		1,017		-		1,017
Provision of services and solutions for the distribution
of lottery products		-		-		30		30

		379,658		1,017		30		380,705
Timing of revenue recognition
At a point in time		-		1,017		30		1,047
Over time		379,658		-		-		379,658

		379,658		1,017		30		380,705

					For the year ended 31 December 2020
			Salaries,				Pension		Equity-settled share
			allowances and				scheme		based payment
	Fees		benefits in kind		Bonus^#		contributions		expense		Total emoluments
		HK$'000		HK$'000		HK$'000		HK$'000		HK$'000		HK$'000
Independent non-executive directors:
Dr. Lu Haitian		250		-		-		-		47		297
Mr. Lin Sen		250		-		-		-		47		297
Mr. Huang Jian¹		-		-		-		-		16		16
		500		-		-		-		110		610
Executive directors:
Ms. Huang Lilan²		250		250		21		13		234		768
		250		250		21		13		234		768
Non-executive directors:
Mr. Pan Zhengming³		-		-		-		-		94		94
Mr. Yuan Qiang⁷		250		-		-		-		724		974
Ms. Zhang Jing⁴		250		-		-		-		354		604
		500		-		-		-		1,172		1,672
Chief executive:
Mr. Wang Bingzhong⁵		250		1,958		-		15		724		2,947
Mr. Yan Hao⁶		250		500		-		6		279		1,035
		500		2,458		-		21		1,003		3,982
		1,750		2,708		21		34		2,519		7,032

	Number of employees
	2020		2021
Nil - HK$1,000,000		-		2
HK$1,000,001 - HK$1,500,000		-		-
HK$1,500,000 - HK$2,000,000		-		-
HK$2,000,001 - HK$2,500,000		-		-
HK$2,500,000 - HK$3,000,000		1		1

								Furniture,
	Construction in			Leasehold		Machinery and		fixtures and
	progress			improvements		equipment		equipment		Motor vehicles		Total
	HK$'000			HK$'000		HK$'000		HK$'000		HK$'000		HK$'000
As at 31 December 2020
COST:
At 1 January 2020		70,836			6,628		104,124		478		2,530		184,596
Additions		117,270			4,332		3,567		187		105		125,461
Transfer		(188,387	)		6,192		182,195		-		-		-
Exchange realignment		580			427		16,813		29		49		17,898

At 31 December 2020		299			17,579		306,699		694		2,684		327,955

ACCUMULATED DEPRECIATION:
At 1 January 2020		-			4,147		15,520		164		245		20,076
Provided during the year		-			3,310		37,949		182		239		41,680
Exchange realignment		-			63		2,856		8		3		2,930

At 31 December 2020		-			7,520		56,325		354		487		64,686
CARRYING AMOUNT:
At 31 December 2020		299			10,059		250,374		340		2,197		263,269

- Less than 1 year	3,610	6,125
- Between 1 and 2 years	2,916	2,801
- Between 2 and 5 years	400	-
- Over 5 years	-	-
	6,926	8,926

18. GOODWILL
	HK$'000
Cost
At 1 January 2020		10,996
Exchange realignment		707

At 31 December 2020 and 1 January 2021		11,703
Exchange realignment		344

At 31 December 2021		12,047
Accumulated impairment losses
Impairment loss recognised in the year ended 31 December 2020 and balance at 31 December 2020 and 1 January 2021		-

Impairment loss recognised in the current year		11,867
Exchange differences		180

At 31 December 2021		12,047
Carrying amount
At 31 December 2020		11,703
At 31 December 2021		-

			Data analysis
			system
	Lease benefit		(purchased)		Total
	HK$'000		HK$'000		HK$'000
COST:
At 1 January 2020		4,612		2,088		6,700
Additions		-		-		-
Acquisition of subsidiaries		-		-		-
Disposal		-		-		-
Exchange realignment		6		134		140

At 31 December 2020 and 1 January 2021		4,618		2,222		6,840
Additions		-		611		611
Exchange realignment		142		74		216

At 31 December 2021		4,760		2,907		7,667

ACCUMULATED AMORTISATION AND IMPAIRMENT:
At 1 January 2020		487		558		1,045
Amortisation for the year		4,125		1,542		5,667
Exchange realignment		6		122		128

At 31 December 2020 and 1 January 2021		4,618		2,222		6,840
Amortisation for the year		-		178		178
Impairment loss		-		433		433
Exchange realignment		142		74		216

At 31 December 2021		4,760		2,907		7,667

CARRYING AMOUNT:
At 31 December 2020		-		-		-
At 31 December 2021		-		-		-

			Percentage of
	Place of		equity interests
	incorporation/	Registered share capital/	attributable to
Company name Directly held:	registration	issued ordinary	the Company			Principal activities
Brighten Express Limited	Hong Kong	HK$1		100	%	Investment holding
Rising Move International Limited	BVI	US$100		100	%	Investment holding
Interactive Lab Limited	BVI	US$100		100	%	Exploring cutting-edge technologies and
						applications
Indirectly held:
Precious Success Holdings Limited	BVI	US$200		51	%	Investment holding
("Precious Success")
PAL Development Limited	Hong Kong	HK$250,000,000		51	%	Investment holding
Global Score Asia Limited	BVI	US$20,000		100	%	Investment holding
Trade Express Services Inc.	BVI	US$20,000		100	%	Investment holding
Rise Accord Holdings Limited	BVI	US$100		100	%	Investment holding
China Excellent Net Technology Investment Limited	Hong Kong	HK$3,194,581		95	%	Provision of services for distribution of mobile lottery products
Hong Kong Interactive Lab Limited	Hong Kong	HK$1		100	%	Exploring cutting-edge technologies and applications
Virtual Asset Ratings Limited	BVI	US$50,000		100	%	Exploring cutting-edge technologies and applications
Loto Interactive Information Technology	PRC	RMB200,000,000/		100	%	Investment holding
(Shenzhen) Limited^{*^} ("Loto Shenzhen")		RMB147,996,271
Shenzhen Lewanwuxian Information	PRC	RMB10,000,000/		100	%	Operating online games
Technology Co., Ltd.*^# ("Shenzhen Lewanwuxian")		RMB5,100,000
Chengdu Keying Interactive Information Technology Limited*	PRC	RMB10,000,000/RMB Nil		100	%	Providing data analysis, storage services and ancillary administrative and
						consulting services
Chengdu Yilaike Technology Co., Ltd.* ("Chengdu Yilaike")	PRC	RMB10,000,000/RMB50,000		100	%	Providing data analysis, storage services and ancillary administrative and
						consulting services
Ganzi Changhe Hydropower Consumption Service Co., Ltd* ("Ganzi Changhe Hydropower")	PRC	RMB180,000,000/RMB150,000,000		100	%	Providing data analysis, storage services and ancillary administrative and
Sichuan Lecaiyuntian Internet Technology Co., Ltd@ (“Sichuan Lecaiyuntian”)	PRC	RMB60,000,000/RMB Nil		100	%	Providing data analysis, storage services and ancillary administrative and consulting services
Interactive Medical Lab Limited	BVI	US$100		100	%	Investment holding
Interactive Medical Lab Corporation	Delaware	US$100		100	%	Investment holding
Might Winner Limited	Hong Kong	HK$1		100	%	Money lending
H.K CB. Cute Technology Co., Limited	Hong Kong	HK$10,000		100	%	Investment holding
Shenzhen Quanjing Financial Leasing Co., Ltd *	PRC	RMB 20,000,000/ RMB Nil		100	%	Investment holding

	Ganzi Changhe
Name	Hydropower
	2020

Principal place of business/country of incorporation	PRC

% of ownership interests/voting rights held by NCI	49%/8.4%

	HK$'000
At 31 December:

Non-current assets		180,654
Current assets		27,845
Current liabilities		(22,128	)

Net assets		186,371

Accumulated NCI		91,322

Year ended 31 December:

Revenue		164,208
Total expenses		(155,292	)
Profit for the year		8,916
Total comprehensive income		8,916
Profit allocated to NCI		3,678
Net cash generated from operating activities		22,886
Net cash used in investing activities		(117,602	)
Net cash generated from financing activities		89,157
Effect of foreign exchange rate changes, net		(310	)
Net decrease in cash and cash equivalents		(5,869	)

	Place of	Percentage of equity interests
	incorporation	attributable to the Company
Company name	/registration	2020			2021			Principal activities
ChariLot Company Limited ("ChariLot")	Hong Kong		40	%		40	%	Investment holding and provision of services for the distribution of lottery products
Guangzhou Sentai Information Technology Co., Ltd.^* ("Guangzhou Sentai")	PRC		20	%		20	%	Self-media

Name	Guangzhou Sentai
	2020			2021
Principal place of business/country of incorporation	PRC/PRC			PRC/PRC
Principal activities	Self-media
% ownership interests/voting rights held by the Group	20%/20%
At 31 December:	HK$'000			HK$'000
Non-current assets		21,616			22,488
Current assets		6,392			7,882
Current liabilities		(6,470	)		(7,366	)

Net assets		21,538			23,004
Group's share of net assets		4,308			4,601
Goodwill		1,282			1,319
Impairment losses		(3,159	)		(2,222	)

Group's share of carrying amount of interest		2,431			3,698
Year ended 31 December:
Reveune		1,797			5,317
Profit/(Loss) from continuing operations		(341	)		836
Total comprehensive income/(loss)		(341	)		836

	Place of		Proportion of ownership						Proportion of voting rights
	incorporation	Class of	interest held by the Group						held by the Group						Principal
Company name	and operation	shares held	2020			2021			2020			2021			activities
PALTECH Company Limited	Hong Kong	Ordinary		60	%		60	%		60	%		60	%	Inactive

	2020		2021
Equity security, at fair value	HK$'000		HK$'000
Listed outside Hong Kong – company A		5,057		-
Analysed as:
Non-current assets		5,057		-