| 15. |
RELATED
PARTY BALANCE AND TRANSACTIONS |
Nature
of relationships with related parties
SCHEDULE OF NATURE OF RELATIONSHIPS
WITH RELATED PARTIES
| Name |
|
Relationship |
| Mr.
Zhao |
|
Chairman
and Executive Director of the Company |
| Mr.
Ting Kin Cheung (“Mr. Cheung”) |
|
Chief
Executive Officer and Executive Director of the Company |
| Plutus
Guardians Fund SPC (“Fund SPC”) and its subsidiaries |
|
Entity
of which Plutus AM holds management share |
| Divine
Star Ventures Limited |
|
Shareholder
of the Company |
| Radiant
Global Ventures Limited |
|
Shareholder
of the Company |
| Golden
Harvest Trust Limited |
|
Associate
of the Company |
| HBV
Special Opportunities Limited Partner |
|
Shareholder
of the Company |
| Magic
Town Investments Limited |
|
Controlled
by shareholder of the Company |
PLUTUS
FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
Balances
with related parties
Other
than the disclosed in elsewhere of the consolidated financial statements, the balances with related parties were as follows:
SCHEDULE OF RELATED PARTY TRANSACTIONS
| | |
2024 | | |
2025 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Loans to customers, net: | |
| | | |
| | | |
| | |
| Golden Harvest Trust Limited | |
| - | | |
| 4,108 | | |
| 528 | |
| | |
| | | |
| | | |
| | |
| Receivables from customers, net: | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 343 | | |
| 62 | | |
| 8 | |
| Golden Harvest Trust Limited |
|
|
- |
|
|
|
29 |
|
|
|
4 |
| | |
| | | |
| | | |
| | |
| Payables to customers: | |
| | | |
| | | |
| | |
| Mr. Zhao | |
| 59 | | |
| 99 | | |
| 13 | |
| Mr. Cheung | |
| 85 | | |
| 524 | | |
| 67 | |
| Fund SPC and its subsidiaries | |
| 5,289 | | |
| 3,060 | | |
| 393 | |
| Golden Harvest Trust Limited | |
| - | | |
| 127 | | |
| 17 | |
| HBV Special Opportunities Limited Partner | |
| - | | |
| 1,109 | | |
| 142 | |
| | |
| | | |
| | | |
| | |
| Amounts due from related parties: | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries * | |
| 376 | | |
| - | | |
| - | |
| Divine Star Ventures Limited * | |
| 16 | | |
| 31 | | |
| 4 | |
| Radiant Global Ventures Limited * | |
| 16 | | |
| 28 | | |
| 4 | |
| | |
| | | |
| | | |
| | |
| Amounts due to a related party: | |
| | | |
| | | |
| | |
| Magic Town Investments Limited # | |
| - | | |
| 6,000 | | |
| 771 | |
| * | It mainly comprised advances made, reimbursement of expenses paid on behalf of related parties. The amount
is unsecured, interest-free and repayable on demand. |
| # |
The loan from a related company was unsecured, interest rate 12% per annum and repayable on demand. |
Transactions
with related parties
Other than the disclosed in elsewhere of the consolidated financial statements,
the transactions with related parties were as follows:
SCHEDULE OF TRANSACTIONS WITH
RELATED PARTIES
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
HKD’000 | | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Securities brokerage commission: | |
| | | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 466 | | |
| 421 | | |
| 245 | | |
| 31 | |
| Mr. Cheung | |
| - | | |
| 89 | | |
| 40 | | |
| 5 | |
| Golden Harvest Trust Limited | |
| - | | |
| - | | |
| 165 | | |
| 22 | |
| | |
| | | |
| | | |
| | | |
| | |
| Securities brokerage handling fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fund SPC and its subsidiaries |
|
|
- |
|
|
|
- |
|
|
|
56 |
|
|
|
7 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset management fee: | |
| | | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 1,003 | | |
| 1,350 | | |
| 595 | | |
| 76 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest income: | |
| | | |
| | | |
| | | |
| | |
| Mr. Cheung | |
| 416 | | |
| 452 | | |
| 17 | | |
| 2 | |
| Fund SPC and its subsidiaries | |
| - | | |
| - | | |
| 5 | | |
| 1 | |
| Golden Harvest Trust Limited | |
| - | | |
| - | | |
| 389 | | |
| 51 | |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Magic Town Investments
Limited |
|
|
- |
|
|
|
- |
|
|
|
120 |
|
|
|
15 |
|
Amounts
due from related parties are unsecured, non-interest bearing of which no interest income was recognized on the funds advanced, and repayable
on demand. These balances are non-trade in nature.
Remuneration
to directors and senior management were:
SCHEDULE OF REMUNERATION TO SENIOR MANAGEMENT
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
HKD’000 | | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| | |
| | |
| | |
| | |
| |
| Salaries and other short term employee benefits | |
| 4,956 | | |
| 5,220 | | |
| 8,510 | | |
| 1,093 | |
| Payments to defined contribution pension schemes | |
| 71 | | |
| 72 | | |
| 72 | | |
| 9 | |
| Total | |
| 5,027 | | |
| 5,292 | | |
| 8,582 | | |
| 1,102 | |
PLUTUS
FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
|