FIRST CREDIT：截至二零二三年九月三十日止九個月第三季度業績公告

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。

（股份代號：8215）（於開曼群島註冊成立並於百慕達存續之有限公司）截至二零二三年九月三十日止九個月第三季度業績公告第一信用金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，本公司及其附屬公司截至二零二三年九月三十日止九個月的未經審核業績。

本公告載有本公司截至二零二三年九月三十日止九個月第三季度報告（「二零二三年第三季度報告」）的全文，符合聯交所的GEM證券上市規則（「GEM上市規則」）有關第三季度業績初步公佈附載資料的相關規定。

二零二三年第三季度報告的印刷本會適時向本公司股東寄發。

代表董事會第一信用金融集團有限公司執行董事及行政總裁何婉薇香港，二零二三年十一月十七日於本公告日期，董事會由執行董事何婉薇女士（行政總裁）、賴思妤女士、呂卓鋒先生及謝絲女士，以及獨立非執行董事蔡思聰先生、馮錦文博士、李龍先生、王志維先生及黃健寧先生組成。

本公告的資料乃遵照GEM上市規則而刊載，旨在提供有關本公司的資料；本公司的董事願就本公告的資料共同及個別地承擔全部責任。

各董事在作出一切合理查詢後，確認就其所知及所信，本公告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致本公告或其所載任何陳述產生誤導。

本公告將由刊登之日起至少七日在聯交所網站()「最新上市公司公告」網頁刊載。

本公告亦會在本公司網站()刊載及保存。

CHARACTERISTICSOFGEMOFTHESTOCKEXCHANGEOFHONG KONGLIMITED (“STOCKEXCHANGE”)GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.This report, for which the directors (“Directors”) of First Credit Finance Group Limited (“Company”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (“GEMListing Rules”) for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.香港聯合交易所有限公司（「聯交所」）GEM的特色GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。

有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。

由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較在主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。

香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。

本報告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關第一信用金融集團有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。

各董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完整，沒有誤導或欺騙成分，且並無遺漏任何其他事項，足以令致本報告或其所載任何陳述產生誤導。

FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 2The board of Directors (“Board”) is pleased to present the unaudited condensed consolidated results of the Company and its subsidiaries (collectively, the “Group”) for the nine months ended 30 September 2023, together with the comparative unaudited figures for the corresponding period in 2022, as follows:Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income未經審核簡明綜合損益及其他全面收益表For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月Three months ended30 SeptemberNine months ended 30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年Note HK$ HK$ HK$ HK$附註港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Revenue收益38,383,58913,878,70925,543,04941,662,304Other income其他收入48,718368,02811,863559,682Other net loss其他虧損淨額5 (760,811) (7,090,113) (2,916,094) (30,090,492) 7,631,4967,156,62422,638,81812,131,494Administrative expenses行政開支(2,825,650) (3,660,829) (8,831,932) (10,237,725)(Impairment loss)/reversal of impairment loss on loans receivables, net應收貸款（減值虧損）╱ 減值虧損回撥淨額(99,216,917) (12,973,643) (130,647,298) 20,418,495Loss arising from the derecognition of loans receivables, net終止確認應收貸款之虧損淨額– – – (15,535,506)Other operating expenses其他經營開支(1,392,633) (2,101,568) (4,253,536) (8,203,463) Loss from operations經營虧損(95,803,704) (11,579,416) (121,093,948) (1,426,705)Finance costs財務費用6 (21,034) (105,869) (123,907) (506,208) Loss before tax除稅前虧損7 (95,824,738) (11,685,285) (121,217,855) (1,932,913)Income tax credit所得稅抵免861,763601,35351,9711,240,539 Loss and total comprehensive expense for the period attributable to the owners of the Company本公司擁有人應佔期內虧損及全面開支總額(95,762,975) (11,083,932) (121,165,884) (692,374)HK cents HK cents HK cents HK cents港仙港仙港仙港仙Loss per share每股虧損Basic基本10 (2.64) (0.31) (3.34) (0.02)Diluted攤薄10 (2.64) (0.31) (3.34) (0.02)董事會（「董事會」）欣然提呈本公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止九個月的未經審核簡明綜合業績，連同二零二二年同期的未經審核比較數字如下：第一信用金融集團有限公司二零二三年第三季度報告3Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月1. BASISOFPREPARATIONThese unaudited condensed consolidated results of the Group for the nine months ended 30 September 2023 have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and the GEMListing Rules.These unaudited condensed consolidated financial statements should be read in conjunction with the annual financial statements for the year ended 31 December 2022. The accounting policies and methods of computation used in the preparation of these unaudited condensed consolidated financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2022 except as stated below.As at the date of approval of these financial statements, the trading of shares of the Company remains suspended.2. ADOPTIONOFNEWANDREVISEDHONG KONGFINANCIALREPORTINGSTANDARDSIn the current period, the Group has adopted all the amended HKFRSs issued by the HKICPA that are relevant to its operations and effective for its accounting year beginning on 1 January 2023. HKFRSs comprise Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards and Interpretations. The adoption of these new and revised HKFRSs had no material impact on the unaudited condensed consolidated financial statements.3. REVENUEThree months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Revenue from other sources:來自其他來源之收益：Interest income from loan facilities (Note)貸款融資的利息收入（附註） 8,383,58913,878,70925,543,04941,662,304Note:Interest income on the credit-impaired loans receivables for the nine months ended 30 September 2023 amounted to HK$20,022,472 (2022: HK$29,272,326).1.編製基準本集團截至二零二三年九月三十日止九個月的未經審核簡明綜合業績乃根據香港會計師公會（「香港會計師公會」）頒佈的所有適用香港財務報告準則（「香港財務報告準則」）及GEM上市規則編製。

此等未經審核簡明綜合財務報表應與截至二零二二年十二月三十一日止年度的年度財務報表一併閱讀。

除下述者外，編製此等未經審核簡明綜合財務報表所採用的會計政策及計算方法與截至二零二二年十二月三十一日止年度的年度財務報表所採用者貫徹一致。

於此等財務報表批准日期，本公司股份仍暫停買賣。

2.採納新訂及經修訂香港財務報告準則於本期間，本集團已採納由香港會計師公會頒佈的與其經營相關及於二零二三年一月一日開始的會計年度生效的所有經修訂香港財務報告準則。

香港財務報告準則包括香港財務報告準則、香港會計準則及詮釋。

採納該等新訂及經修訂香港財務報告準則對未經審核簡明綜合財務報表並無重大影響。

3.收益附註：截至二零二三年九月三十日止九個月，已信貸減值的應收貸款的利息收入為20,022,472港元（二零二二年：29,272,326港元）。

FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 4Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註(continued續)For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月4. OTHERINCOMEThree months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Bank interest income銀行利息收入19163,33624Other interest income其他利息收入– 100 – 7,736Dividend income股息收入8,52753,5658,52753,565Government grants政府補助– 312,800 – 496,800Sundry income雜項收入– 1,557 – 1,557 8,718368,02811,863559,6825. OTHERNETLOSSThree months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Loss on disposal of property, plant and equipment出售物業、廠房及設備的虧損(354,999) – (629,750) –Realised (loss)/gain from financial assets at fair value through profit or loss (“FVTPL”)按公平值計入損益（「按公平值計入損益」）的金融資產的已變現（虧損）╱ 收益(24,340) 199,860215,536542,790Fair value loss from financial assets at FVTPL按公平值計入損益的金融資產的公平值虧損(381,472) (7,289,973) (2,501,880) (30,633,282) (760,811) (7,090,113) (2,916,094) (30,090,492)4.其他收入5.其他虧損淨額第一信用金融集團有限公司二零二三年第三季度報告5Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註(continued續)For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月6. FINANCECOSTSThree months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Interest on bond payable應付債券的利息17,00065,72017,000399,693Interest on lease liabilities租賃負債的利息4,03440,149106,907106,515 21,034105,869123,907506,2087. LOSSBEFORETAXThe Group’s loss before tax is stated after charging/(crediting) the following:Three months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Depreciation of property, plant and equipment物業、廠房及設備折舊219,775388,935649,2041,228,455Depreciation of right-of-use assets使用權資產折舊48,547348,215744,9781,044,646Directors’ emoluments:董事酬金：Salaries and allowances薪金及津貼600,000600,0001,800,0001,800,000Performance related bonuses表現相關花紅– – – –Pension scheme contributions退休金計劃供款7,5007,50022,50022,500 607,500607,5001,822,5001,822,500Employee benefits expenses (excluding directors’ emoluments):僱員福利開支（不包括董事酬金）：Salaries and allowances薪金及津貼1,223,0421,969,7694,065,5425,070,588Performance related bonuses表現相關花紅– – – –Pension scheme contributions退休金計劃供款46,19176,539172,139212,111 1,269,2332,046,3084,237,6815,282,699Impairment loss/(reversal of impairment loss) on loans receivables, net應收貸款減值虧損╱ （減值虧損回撥） 淨額99,216,91712,973,643130,647,298 (20,418,495)6.財務費用7.除稅前虧損本集團除稅前虧損已扣除╱（記入）下列各項：FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 6Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註(continued續)For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月8. INCOMETAX (CREDIT)/EXPENSEThree months ended30 SeptemberNine months ended30 September截至九月三十日止三個月截至九月三十日止九個月2023202220232022二零二三年二零二二年二零二三年二零二二年HK$ HK$ HK$ HK$港元港元港元港元(unaudited) (unaudited) (unaudited) (unaudited)（未經審核） （未經審核） （未經審核） （未經審核）Current tax – Hong Kong Profits Tax即期稅項－香港利得稅Provision for the period期內撥備– 8,868 – 27,820 – 8,868 – 27,820Deferred tax遞延稅項(61,763) (610,221) (51,971) (1,268,359) (61,763) (601,353) (51,971) (1,240,539)Under the two-tiered profits tax rates regime, the first HK$2 million of assessable profits of a corporation will be taxed at 8.25%, and assessable profits above HK$2 million will be taxed at 16.5%. For the nine months ended 30 September 2023 and 2022, Hong Kong Profits Tax of the nominated Group company is calculated in accordance with the two-tiered profits tax rates regime. The assessable profits of other Group companies in Hong Kong will continue to be taxed at the tax rate of 16.5%.8.所得稅（抵免）╱開支根據利得稅兩級制，公司首2,000,000港元應評稅利潤之稅率為8.25%，而超過2,000,000港元應評稅利潤之稅率為16.5%。

於截至二零二三年及二零二二年九月三十日止九個月，獲提名集團公司的香港利得稅乃按照利得稅兩級制計算。

其他本集團的香港公司的應評稅利潤繼續按16.5%的稅率繳稅。

第一信用金融集團有限公司二零二三年第三季度報告7Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註(continued續)For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月9. DIVIDENDSThe Directors did not recommend the payment of any dividend to shareholders for the nine months ended 30 September 2023 (2022: Nil).10. LOSSPERSHAREBASICLOSSPERSHAREThe calculation of basic loss per share is based on the loss for the nine months and three months ended 30 September 2023 attributable to owners of the Company of HK$121,165,884 and HK$95,762,975 (for the nine months and three months ended 30 September 2022: loss of HK$692,374 and HK$11,083,932), and the weighted average number of ordinary shares of 3,628,800,000 (for the nine months and three months ended 30 September 2022: 3,628,800,000) in issue during the period.DILUTEDLOSSPERSHAREDiluted loss per share for the loss for the period attributable to the owners of the Company was the same as basic loss per share, as the Company did not have any dilutive potential ordinary shares during the nine months ended 30 September 2023 and 2022.9.股息董事不建議就截至二零二三年九月三十日止九個月向股東派付任何股息（二零二二年：無）。

10.每股虧損每股基本虧損每股基本虧損乃基於截至二零二三年九月三十日止九個月及三個月本公司擁有人應佔虧損分別121,165,884港元及95,762,975港元（截至二零二二年九月三十日止九個月及三個月：分別錄得虧損692,374港元及11,083,932港元）及期內已發行普通股加權平均股數3,628,800,000股（截至二零二二年九月三十日止九個月及三個月：3,628,800,000股）計算。

每股攤薄虧損由於本公司分別於截至二零二三年及二零二二年九月三十日止九個月並無任何潛在攤薄普通股，故本公司擁有人應佔期內虧損之每股攤薄虧損與每股基本虧損相同。

FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 8Notes to the Unaudited Condensed Consolidated Financial Statements未經審核簡明綜合財務報表附註(continued續)For the nine months ended 30 September 2023截至二零二三年九月三十日止九個月11.儲備變動11. MOVEMENTOFRESERVESAttributable to owners of the Company本公司擁有人應佔Share capitalShare premiumCapital reserveContributed surplus FVTOCIreserveAccumulated losses Total股本股份溢價資本儲備繳入盈餘按公平值計入其他全面收入的儲備累計虧損總額HK$ HK$ HK$ HK$ HK$ HK$ HK$港元港元港元港元港元港元港元At 1 January 2022 (audited)於二零二二年一月一日（經審核） 72,576,000356,661,862141,829,615213,460,470 (574,000) (324,121,566) 459,832,381Loss and total comprehensive expense for the period期內虧損及全面開支總額– – – – – (692,374) (692,374) Changes in equity for the period期內權益變動– – – – – (692,374) (692,374) At 30 September 2022 (unaudited)於二零二二年九月三十日（未經審核） 72,576,000356,661,862141,829,615213,460,470 (574,000) (324,813,940) 459,140,007At 1 January 2023 (audited)於二零二三年一月一日（經審核） 72,576,000356,661,862141,829,615213,460,4701,678,000 (506,603,055) 279,602,892Loss and total comprehensive expense for the period期內虧損及全面開支總額– – – – – (121,165,884) (121,165,884) Changes in equity for the period期內權益變動– – – – – (121,165,884) (121,165,884) At 30 September 2023 (unaudited)於二零二三年九月三十日（未經審核） 72,576,000356,661,862141,829,615213,460,4701,678,000 (627,768,939) 158,437,008第一信用金融集團有限公司二零二三年第三季度報告9Management Discussion and Analysis管理層討論及分析Management Discussion and Analysis管理層討論及分析BUSINESSREVIEWANDPROSPECTSFor the nine months ended 30 September 2023 (“Review Period”), the Group continued to focus on conducting money lending business by providing both secured and unsecured loans to customers, including individuals, corporations and foreign domestic workers.Due to the global economic downturn and poor market sentiment, many of the businesses operated in Hong Kong are adversely affected. Some of the Group’s customers encountered financial difficulties and liquidity problems which adversely impact their loan repayment ability. All the above impose challenges on the Group’s business and increased the lending risks of the Group. Therefore, the Group will continue to evaluate its risk management measures and ensure a proper balance between return and risk in the long run. To maintain its loan portfolio, the Group will continue to adopt prudent and cautious approaches, in particular, during the loan assessment and approval process. The Group will also keep on closely monitoring the repayment performance of its loan portfolio and evaluating the repayment ability of the customers.At the same time, the Group has endeavoured to control its expenses by taking various measures in budget control.業務回顧及展望截至二零二三年九月三十日止九個月（「回顧期間」），本集團繼續專注於經營放債業務，向客戶（包括個人、公司及外籍家庭傭工）提供有抵押及無抵押貸款。

由於全球經濟逆轉及市況低迷，不少在港經營的業務受到不利影響。

本集團部分客戶遇到財務困難及周轉問題，對其貸款的償還能力造成負面影響。

上述種種問題均為本集團的業務帶來挑戰，及使本集團的借貸風險增加。

因此，本集團將持續評估其風險管理措施，確保長遠而言在回報與風險之間取得適當平衡。

為維持貸款組合，本集團將繼續採取審慎嚴謹的態度，尤其在貸款評估及審批過程方面。

本集團亦將持續密切監察貸款組合的還款表現及評估客戶的還款能力。

與此同時，本集團已透過採取各種預算控制措施努力控制其開支。

FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 10Management Discussion and Analysis管理層討論及分析(continued續)財務回顧收益本集團於回顧期間的收益來自向其客戶提供各類貸款產品而收取的利息。

於回顧期間，收益減少至約25,540,000港元（截至二零二二年九月三十日止九個月：約41,660,000港元），此乃來自其放債業務的貸款利息收入。

收益減少主要是由於回顧期間已信貸減值的應收貸款所產生的應計利息減少所致。

於回顧期間，逾期不足三個月及超過三個月但並未減值貸款的收益分別為150,000港元及零元。

淨息差本集團於回顧期間就放債業務錄得淨息差約14.0%。

上述淨息差指於回顧期末時淨利息收入對應收貸款總額平均結餘（經扣除於回顧期間已到期或已減值的若干逾期應收貸款金額）的比率。

去年同期以相同基準計算的淨息差為約11.9%。

FINANCIALREVIEWREVENUEThe Group’s revenue for the Review Period was derived from interest received from the provision of various types of loan products to its customers.For the Review Period, the revenue decreased to approximately HK$25.54 million (for the nine months ended 30 September 2022: approximately HK$41.66 million) which represented loan interest income derived from its money lending business.The decrease in revenue was mainly attributable to the decrease in accrued interest from credit-impaired loans receivables during the Review Period.For the Review Period, the revenue of past due less than 3 months and over 3 months but not impaired loans was approximately HK$0.15 million and Nil respectively.NETINTERESTMARGINThe Group recorded a net interest margin of approximately 14.0% for the Review Period in respect of its money lending business.The above net interest margin represented the ratio of net interest income to the average balance of gross loans receivables as at the end of the Review Period after deducting certain amount of the past due loans receivables which were matured or impaired during the Review Period. The net interest margin calculated on the same basis for the corresponding period last year was approximately 11.9%.第一信用金融集團有限公司二零二三年第三季度報告11Management Discussion and Analysis管理層討論及分析(continued續)其他收入本集團於回顧期間的其他收入減少約550,000港元，此乃主要由於回顧期內香港政府根據保就業計劃由抗疫基金發放的政府補助減少所致。

其他虧損淨額於回顧期間，本集團錄得其他虧損淨額約2,920,000港元，而二零二二年同期則錄得其他虧損淨額約30,090,000港元。

其他虧損淨額減少是主要由於投資於上市證券（即按公平值計入損益的金融資產）之公平值虧損減少。

行政開支本集團於回顧期間的行政開支主要包括僱員福利開支、辦公室租用成本以及折舊費用。

僱員福利開支包括董事酬金、僱員薪金及津貼、退休金計劃供款以及僱員的保險費用等。

租用成本包括管理費、地租及差餉以及水電費用。

行政開支亦包括維修與保養及一般保險費用等。

於回顧期間，本集團的行政開支減少並錄得約8,830,000港元，而於二零二二年同期則約10,240,000港元。

行政開支減少主要是由於回顧期間的僱員開支及折舊支出減少所致。

OTHERINCOMEThe Group’s other income recorded a decrease of approximately HK$0.55 million for the Review Period mainly due to the decrease in the government grants received under the Employment Support Scheme launched by the Government of Hong Kong under “Anti-epidemic Fund” during the Review Period.OTHERNETLOSSFor the Review Period, the Group recorded other net loss of approximately HK$2.92 million as compared to other net loss of approximately HK$30.09 million for the corresponding period in 2022. The decrease in other net loss was mainly attributable to the decrease in fair value loss from investment in listed securities (i.e. financial assets at fair value through profit or loss).ADMINISTRATIVEEXPENSESThe Group’s administrative expenses for the Review Period mainly comprised employee benefits expenses, occupancy costs for its offices and depreciation charges. Employee benefits expenses included directors’ emoluments, employees’ salaries and allowances, pension scheme contributions and insurance premium for employees, etc. Occupancy costs included management fees, government rent and rates as well as utilities expenses. Administrative expenses also included repair and maintenance and general insurance premiums, etc.For the Review Period, the Group’s administrative expenses decreased and recorded at approximately HK$8.83 million as compared to approximately HK$10.24 million for the corresponding period in 2022. The decrease in administrative expenses was mainly attributable to the decrease in employment expenses and depreciation charges for the Review Period.FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 12Management Discussion and Analysis管理層討論及分析(continued續)IMPAIRMENTLOSSONLOANSRECEIVABLESThe Group’s impairment losses mainly relate to expected credit loss (“ECL”) allowance for loans receivables. Generally speaking, ECL assessment is done based on the Group’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. The ECL on loans receivables are assessed individually for debtors with significant balances and/or collectively using a provision matrix with appropriate groupings.For the Review Period, the Group recorded an impairment loss on loans receivables of approximately HK$130.65 million as compared to net reversal of impairment loss of approximately HK$20.42 million for the corresponding period in 2022. The increase in impairment loss on loans receivables is principally due to an increase of loans receivables which have past due during the Review Period.The Group performs collective assessment on impairment allowance for the loans receivables at least on a quarterly basis by dividing its loans receivables into different groups according to the loan types, with each loan type sharing similar credit risk characteristics, and calculates the ECL for each loan type. The measurement of impairment allowance for collective assessment is mainly based on the amount of loans receivables of each loan type at a point of time and will take into account the probability of default (which may be affected by the duration of delinquency and is calculated by using the adjusted transition rate as the key input from the Markov Chain Model) and loss given default (i.e. the magnitude of the loss if there is a default which is estimated with reference to the loans receivables’ historical bad debt recovery rate and cash flows from the realisation of its collateral, if any) pertaining to that particular loan type, which are derived from the assessment made by the external professional valuer as at the latest year-end date based on the historical repayment performance of different loan types and adjusted by forward-looking information such as the economic and financial environment and expected unemployment rate, etc.The Group also performs monthly individual assessment on impairment allowance for the loans receivables. For individual assessment, the amount of impairment allowance on loans receivables will be considered on a case-by-case basis by way of discounted cash flow, taking into account, among other factors, the expected date of recovery and the fair value of the collateral (if any).應收貸款減值虧損本集團的減值虧損主要與應收貸款預期信貸虧損（「預期信貸虧損」）撥備有關。

一般而言，預期信貸虧損評估乃根據本集團過往信貸虧損經驗進行，並根據債務人特定因素、整體經濟狀況以及於報告日期對當前狀況及未來狀況預測的評估（包括貨幣時間價值（如適用））作出調整。

應收貸款的預期信貸虧損乃就具有重大結餘的債務人進行個別評估及╱或使用具有適當分組的撥備矩陣進行集體評估。

於回顧期間，本集團錄得應收貸款減值虧損約130,650,000港元，而二零二二年同期減值虧損回撥淨額則約20,420,000港元。

應收貸款減值虧損增加主要由於回顧期內逾期的應收貸款增加所致。

本集團至少每季對應收貸款的減值撥備進行集體評估，方式為按貸款類別將應收貸款分為不同組別（同類貸款須具備相似的信貸風險特質），再按不同貸款類別計算預期信貸虧損。

於集體評估時，本集團主要根據某一時間點各類貸款的應收貸款金額計量減值撥備，並將計及有關貸款類別的違約概率（可能受逾期日數影響並以經調整的轉移率作為馬爾可夫鏈模型的主要輸入數據進行計算）及違約損失率（即出現違約時虧損的程度，乃參考應收貸款之過往壞賬收回率及變現其抵押品所產生的現金流（如有）進行估計），以上兩項均源自外聘專業估值師於最新年結日作出的評估，而其評估則以各類貸款的過往還款表現為基礎，並按前瞻性資料（例如經濟與金融環境以及預期失業率等）作出調整。

本集團亦對應收貸款的減值撥備進行每月獨立評估。

於獨立評估時，以折現現金流方式個別考慮應收貸款的減值撥備金額，並將計及（其中包括）預期收回日期及抵押品的公平值（如有）。

第一信用金融集團有限公司二零二三年第三季度報告13Management Discussion and Analysis管理層討論及分析(continued續)其他經營開支本集團於回顧期間的其他經營開支主要包括法律及專業費用、審計費用以及其他一般開支。

與二零二二年同期約8,200,000港元相比，其他經營開支於回顧期間減少至約4,250,000港元，主要由於債務追收代理服務費減少所致。

財務費用本集團於回顧期間的財務費用包括租賃負債的利息及應付債券的利息。

回顧期間的財務費用錄得約120,000港元，而二零二二年同期則約510,000港元。

期內虧損於回顧期間，本集團錄得本公司擁有人應佔未經審核綜合虧損約121,170,000港元，而二零二二年同期則約690,000港元，此乃主要由於回顧期內(i)應收貸款減值虧損增加及(ii)收益減少所致（如上文「收益」及「應收貸款減值虧損」各段所披露）。

OTHEROPERATINGEXPENSESThe Group’s other operating expenses for the Review Period mainly comprised legal and professional fees, audit fees and other general expenses.As compared to approximately HK$8.20 million for the corresponding period in 2022, other operating expenses decreased to approximately HK$4.25 million for the Review Period, which was mainly attributable to the decrease in service fees of debt recovery agencies.FINANCECOSTSThe Group’s finance costs for the Review Period comprised interest on lease liabilities and interest on bond payable. Finance costs was recorded at approximately HK$0.12 million for the Review Period, as compared to approximately HK$0.51 million for the corresponding period in 2022.LOSSFORTHEPERIODFor the Review Period, the Group recorded an unaudited consolidated loss attributable to owners of the Company of approximately HK$121.17 million as compared to approximately HK$0.69 million for the corresponding period in 2022, which is principally due to (i) an increase in impairment loss on loans receivables and (ii) a decrease in revenue for the Review Period as disclosed under the paragraphs headed “Revenue” and “Impairment Loss on Loans Receivables” above.FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 14Management Discussion and Analysis管理層討論及分析(continued續)DIRECTORS’ ANDCHIEFEXECUTIVE’S INTERESTSANDSHORTPOSITIONSIN SHARES, UNDERLYINGSHARESAND DEBENTURESAs at 30 September 2023, none of the Directors and the chief executive of the Company had any interests or short positions in the shares, underlying shares or debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (“SFO”)) as recorded in the register required to be kept under section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the required standard of dealings by Directors as referred to in Rule 5.46 of the GEMListing Rules.SUBSTANTIALSHAREHOLDERS’ ANDOTHER PERSONS’ INTERESTSANDSHORTPOSITIONS INSHARESANDUNDERLYINGSHARESAs at 30 September 2023, the interests and short positions of the persons (other than the Directors and the chief executive of the Company) in the shares or underlying shares of the Company as recorded in the register required to be kept under section 336 of the SFO were as follows:LONGPOSITIONName Nature of interestNumber ofordinary shares heldApproximate percentage of theCompany’s issued share capital姓名權益性質所持普通股數目佔本公司已發行股本的概約百分比Xiao Guoliang Beneficial owner 1,070,400,00029.50%肖國良實益擁有人Save as disclosed above, the Directors are not aware of any other person (other than the Directors and the chief executive of the Company) who/which had any interests or short positions in the shares or underlying shares of the Company as recorded in the register required to be kept under section 336 of the SFO as at 30 September 2023.董事及最高行政人員於股份、相關股份及債權證中的權益及淡倉於二零二三年九月三十日，本公司董事及最高行政人員概無於本公司或其相聯法團（定義見香港法例第571章《證券及期貨條例》（「證券及期貨條例」）第XV部）的股份、相關股份或債券中擁有記錄於根據證券及期貨條例第352條規定須予存置的登記冊或根據GEM上市規則第5.46條所述董事進行交易的必守準則須知會本公司及聯交所的任何權益或淡倉。

主要股東及其他人士於股份及相關股份中的權益及淡倉於二零二三年九月三十日，有關人士（本公司董事及最高行政人員除外）於本公司股份或相關股份中擁有記錄於根據證券及期貨條例第336條須予存置的登記冊的權益及淡倉如下：好倉除上文所披露者外，於二零二三年九月三十日，董事並不知悉任何其他人士（本公司董事及最高行政人員除外）於本公司股份或相關股份中擁有記錄於根據證券及期貨條例第336條規定須予存置的登記冊中的任何權益或淡倉。

第一信用金融集團有限公司二零二三年第三季度報告15Management Discussion and Analysis管理層討論及分析(continued續)購股權計劃於二零二三年九月三十日，本公司沒有購股權計劃。

購買、出售或贖回上市證券於回顧期間，本公司或其任何附屬公司概無購買、出售或贖回本公司的任何上市證券。

競爭權益董事確認，於回顧期間董事及彼等各自之緊密聯繫人擁有任何會或可能會與本集團的業務造成直接或間接競爭或與本集團有任何利益衝突的業務或業務權益。

暫停買賣根據香港證券及期貨事務監察委員會（「證監會」）按香港法例第571V章《證券及期貨（在證券市場上市）規則》第8(1)條作出的指示，本公司股份已自二零一七年十一月二十四日起暫停買賣，且將維持暫停買賣直至另行通知為止。

本公司已根據GEM上市規則第17.26A條，於二零一八年八月一日、二零一八年十一月一日、二零一九年二月一日、二零一九年五月二日、二零一九年八月一日、二零一九年十一月一日、二零二零年一月三十一日、二零二零年四月二十九日、二零二零年七月三十一日、二零二零年十月三十日、二零二一年二月一日、二零二一年四月三十日、二零二一年七月三十日、二零二一年十月二十九日、二零二二年一月二十八日、二零二二年四月二十八日、二零二二年七月二十八日、二零二二年十月二十八日、二零二三年一月二十七日、二零二三年四月二十七日、二零二三年七月二十七日及二零二三年十月二十五日刊發公告。

誠如本公司日期為二零一九年六月二十四日之公告所披露，儘管本公司股份於二零一九年七月三十一日仍然暫停買賣，但聯交所保留行使其將本公司除牌的權利。

因此，本公司股份將繼續暫停買賣，直至另行通知為止。

SHAREOPTIONSCHEMEThe Company did not have a share option scheme as at 30 September 2023.PURCHASE, SALEORREDEMPTIONOFLISTED SECURITIESNeither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company’s listed securities during the Review Period.COMPETINGINTERESTSThe Directors confirm that none of the Directors and their respective close associates had any business or interest in business which competes or may compete, either directly or indirectly, with the business of the Group or had any other conflicts of interest with the Group during the Review Period.SUSPENSIONOFTRADINGTrading in the shares of the Company has been suspended since 24 November 2017 pursuant to the direction of the Securities and Futures Commission of Hong Kong (“SFC”) made under Section 8(1) of the Securities and Futures (Stock Market Listing) Rules (Chapter 571V of the Laws of Hong Kong) and will remain suspended until further notice.Announcements were made by the Company on 1 August 2018,1 November 2018,1 February 2019,2 May 2019,1 August 2019,1 November 2019, 31 January 2020,29 April 2020,31 July 2020,30 October 2020,1 February 2021,30 April 2021,30 July 2021,29 October 2021,28 January 2022, 28 April 2022,28 July 2022,28 October 2022,27 January 2023,27 April 2023,27 July 2023 and 25 October 2023 pursuant to Rule 17.26A of the GEM Listing Rules.As disclosed in the announcement of the Company dated 24 June 2019, the Stock Exchange has withheld exercising its right to delist the Company although trading in its shares remained suspended on 31 July 2019. As such, trading in the shares of the Company will continue to be suspended until further notice.FIRSTCREDITFINANCEGROUPLIMITEDThird Quarterly Report 2023 16Management Discussion and Analysis管理層討論及分析(continued續)As disclosed in the announcement of the Company dated 25 October 2023, the Company has continued its effort in communicating with and addressing the concern of the SFC with a view to achieving a resumption of trading of its shares as soon as possible. The Company’s trade resumption application is still pending and the Company is not in a position to provide any concrete resumption timeframe at this stage. The Company and its legal representatives will closely follow up with this matter.AUDITCOMMITTEEAs at the date of this report, the audit committee of the Company (“Audit Committee”) comprises four independent non-executive Directors, namely, Mr. Choy Sze Chung Jojo (chairman of the Audit Committee), Dr. Fung Kam Man, Mr. Wang Zhiwei and Mr. Wong Kin Ning. This report and the Group’s unaudited condensed consolidated results for the Review Period have been reviewed by the Audit Committee. The Board is of the opinion that the preparation of such financial information has complied with the applicable accounting standards, the requirements under the GEMListing Rules and any other applicable legal requirements, and that adequate disclosures have been made.For and on behalf of the BoardFirst Credit Finance Group LimitedHo Yuen May MayExecutive Director & Chief Executive OfficerHong Kong,17 November 2023誠如本公司日期為二零二三年十月二十五日的公告所披露，本公司繼續努力與證監會溝通及回應其質詢，以求盡快恢復股份買賣。

本公司的復牌申請現時仍待批核，本公司現階段無法提供任何具體復牌時間表。

本公司及其法律代表將密切跟進此事。

審核委員會於本報告日期，本公司審核委員會（「審核委員會」）由四名獨立非執行董事組成，即蔡思聰先生（審核委員會主席）、馮錦文博士、王志維先生及黃健寧先生。

審核委員會已審閱本報告及本集團於回顧期間的未經審核簡明綜合業績。

董事會認為，該等財務資料的編製已符合適用的會計準則、GEM上市規則下的規定及任何其他適用的法律規定，且已作出充足披露。

代表董事會第一信用金融集團有限公司執行董事及行政總裁何婉薇香港，二零二三年十一月十七日