Digital Hollywood Interactive Limited — Interim / Quarterly Report 2019

Sep 27, 2019

igital Hollywood Interactive Limited 遊萊互動集團有限公司* D 遊

(Incorporated in the Cayman Islands with limited liability)

(於開曼群島註冊成立的有限公司) Stock Code 股票代碼 : 2022

Interim Report 2019 中期報告 2019

* 僅供識別 For identification purposes only

• DEFINITIONS 釋義 2
• CORPORATE PROFILE 公司資料 5
• FINANCIAL HIGHLIGHTS 財務摘要 8
• FINANCIAL SUMMARY 財務概要 9
• MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 10
• FINANCIAL REVIEW 財務回顧 11
• SUPPLEMENTARY INFORMATION 補充資料 16
• REPORT ON REVIEW OF INTERIM FINANCIAL STATEMENTS 中期財務報表之審閱報告 29
• CONDENSED CONSOLIDATED BALANCE SHEET 簡明合併資產負債表 31
• CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 簡明合併全面收益表 33
• CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明合併權益變動表 35
• CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明合併現金流量表 37
• NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 中期簡明合併財務報表附註 38

In this interim report, unless the context otherwise requires, the following expressions shall have the following meanings:

在本中期報告內,除文義另有規定外,下列詞彙具 有以下涵義:

"Audit Committee"	the audit committee of the Board
「審核委員會」	董事會轄下審核委員會
"Board"	our board of Directors
「董事會」	本公司董事會
"BVI"	British Virgin Islands
「英屬處女群島」	英屬處女群島
"CG Code"	the "Corporate Governance Code" as contained in Appendix 14 to the Listing Rules
「企業管治守則」	上市規則附錄十四所載的「企業管治守則」
"China" or "PRC"	the People's Republic of China, which for the purpose of this interim report and for geographical reference only, excludes Hong Kong, Macau and Taiwan
「中國」	中華人民共和國,僅就本中期報告及地理提述而言,不包括香港、澳門及台灣
"Company", "Group", "we", "our" or "us"	Digital Hollywood Interactive Limited (遊萊互動集團有限公司*), a company incorporated under the laws of Cayman Islands with limited liability on November 24, 2014 and except where the context indicated otherwise (1) our subsidiaries and (2) with respect to the period before our Company became the holding company of our present subsidiaries, the business operated by our present subsidiaries or (as the case may be) their predecessors
「公司」、「集團」或「我們」	Digital Hollywood Interactive Limited(遊萊互動集團有限公司*),一家於二零一四年 十一月二十四日根據開曼群島法律註冊成立的有限公司,以及除文義另有所指外,(1) 我們的附屬公司及(2)就於本公司成為現有附屬公司的控股公司前的期間而言,由現有 附屬公司或(視情況而定)其前身公司所經營的業務
"Director(s)" 「董事」	the director(s) of our Company or any one of them 本公司董事或其中任何一名董事
"HK\$" or "Hong Kong dollars" 「港元」	Hong Kong dollars and cents, both are the lawful currency of Hong Kong 香港法定貨幣港元及港仙
"Hong Kong" 「香港」	the Hong Kong Special Administrative Region of the PRC 中國香港特別行政區

DEFINITIONS (Continued)

釋義(續)

"HTML5" 「HTML5」	Hypertext Markup Language 5 第五版超文本標記語言
"IFRS" 「國際財務報告準則」	International Financial Reporting Standards 國際財務報告準則
"IPO"	the initial public offering of the Company, having become unconditional in all
「首次公開發售」	aspects on December 15, 2017 在各方面成為無條件後,本公司於二零一七年十二月十五日進行的首次公開發售
"Listing Date"	December 15, 2017, on which the Shares were listed and from which dealings
「上市日期」	therein were permitted to take place on the Stock Exchange 二零一七年十二月十五日,即股份於聯交所上市及自此獲准於聯交所進行買賣的日期
"Listing Rules"	the Rules Governing the Listing of Securities on The Stock Exchange of Hong
「上市規則」	Kong Limited (as amended from time to time) 香港聯合交易所有限公司證券上市規則(經不時修訂)
"Model Code"	the "Model Code for Securities Transactions by Directors of Listed Issuers" set out in Appendix 10 to the Listing Rules
「標準守則」	上市規則附錄十所載「上市發行人董事進行證券交易的標準守則」
"Nomination Committee" 「提名委員會」	the nomination committee of the Board 董事會轄下提名委員會
"Post-IPO Share Option Scheme" 「首次公開發售後購股權計劃」	the share option scheme conditionally adopted by the Company on May 27, 2017 本公司於二零一七年五月二十七日有條件採納的購股權計劃
"Prospectus" 「招股章程」	the prospectus of the Company dated December 5, 2017 本公司日期為二零一七年十二月五日的招股章程
"Remuneration Committee" 「薪酬委員會」	the remuneration committee of the Board 董事會轄下薪酬委員會
"Reporting Period" 「報告期」	six months ended June 30, 2019 截至二零一九年六月三十日止六個月

DEFINITIONS (Continued)

釋義(續)

"SFO" 「證券及期貨條例」	the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended, supplemented or otherwise modified from time to time 經不時修訂、補充或以其他方式修改之證券及期貨條例(香港法例第571章)
"Share(s)"	ordinary share(s) of US\$0.001 each in the share capital of the Company
「股份」	本公司股本中每股面值0.001美元的普通股
"Shareholder(s)"	holder(s) of Shares
「股東」	股份持有人
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
「聯交所」	香港聯合交易所有限公司
"U.S. dollars", "USD" or "US\$"	United States dollars, the lawful currency of the United States
「美元」	美國法定貨幣美元
"%"	per cent
「%」	百分比

* For the identification purposes only * 僅供識別

CORPORATE PROFILE 公司資料

BOARD OF DIRECTORS

Executive Directors

Mr. LU Yuanfeng (Chairman and Chief Executive Officer) Mr. HUANG Guozhan Mr. HUANG Deqiang

Independent Non-executive Directors

Mr. Darren Raymond SHAW (resigned with effect from July 5, 2019) Mr. LI Yi Wen Ms. Imma LING Kit-sum

JOINT COMPANY SECRETARIES

Mr. YU Ching Ming Ms. NG Wing Yan (resigned with effect from July 5, 2019) Ms. FOK Po Yi (appointed with effect from July 5, 2019)

AUTHORISED REPRESENTATIVES

Mr. LU Yuanfeng Ms. NG Wing Yan (resigned with effect from July 5, 2019) Ms. FOK Po Yi (appointed on July 5, 2019)

AUDIT COMMITTEE

Ms. Imma LING Kit-sum (Chairman) Mr. Darren Raymond SHAW (resigned with effect from July 5, 2019) Mr. LI Yi Wen

REMUNERATION COMMITTEE

Mr. LI Yi Wen (Chairman) Mr. Darren Raymond SHAW (resigned with effect from July 5, 2019) Mr. LU Yuanfeng

NOMINATION COMMITTEE

Mr. LU Yuanfeng (Chairman) Mr. Darren Raymond SHAW (resigned with effect from July 5, 2019) Mr. LI Yi Wen

董事會 執行董事

陸源峰先生(主席兼首席執行官) 黃國湛先生 黃德強先生

獨立非執行董事

邵在純先生(已於二零一九年七月五日辭任) 李毅文先生 凌潔心女士

聯席公司秘書

余精明先生 伍穎欣女士(已於二零一九年七月五日辭任) 霍寶兒女士(自二零一九年七月五日起獲委任)

授權代表

陸源峰先生 伍穎欣女士(已於二零一九年七月五日辭任) 霍寶兒女士(自二零一九年七月五日起獲委任)

審核委員會

凌潔心女士(主席) 邵在純先生(已於二零一九年七月五日辭任) 李毅文先生

薪酬委員會

李毅文先生(主席) 邵在純先生(已於二零一九年七月五日辭任) 陸源峰先生

提名委員會

陸源峰先生(主席) 邵在純先生(已於二零一九年七月五日辭任) 李毅文先生

CORPORATE PROFILE (Continued)

公司資料(續)

AUDITOR

PricewaterhouseCoopers 22/F, Prince's Building Central Hong Kong

REGISTERED OFFICE

Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands

HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN THE PRC

2nd Floor, No. 368, Jiang Nan Da Dao (South) Haizhu District Guangzhou PRC

PRINCIPAL PLACE OF BUSINESS IN HONG KONG

11/F, Tai Sang Bank Building 784 Nathan Road Kowloon Hong Kong

PRINCIPAL BANKERS

Hongkong and Shanghai Banking Corporation 2/F, 673 Nathan Road Mong Kok, Kowloon Hong Kong

BBVA Compass Bank Plaça de Tetuan, 26 08010, Barcelona Spain

核數師

羅兵咸永道會計師事務所 香港 中環 太子大廈22樓

註冊辦事處

Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands

總部及中國主要營業地點

中國 廣州市 海珠區 江南大道南368號2層

香港主要營業地點

香港 九龍 彌敦道784號 大生銀行大廈11樓

主要往來銀行

香港上海滙豐銀行 香港 九龍旺角 彌敦道673號2樓

BBVA Compass Bank Plaça de Tetuan, 26 08010, Barcelona 西班牙

CORPORATE PROFILE (Continued)

公司資料(續)

HONG KONG LEGAL ADVISER

Wilson Sonsini Goodrich & Rosati Suite 1509, 15/F, Jardine House 1 Connaught Place, Central Hong Kong

P R I N C I PA L S H A R E R E G I S T R A R A N D TRANSFER OFFICE

Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands

HONG KONG BRANCH SHARE REGISTRAR

Tricor Investor Services Limited Level 54, Hopewell Centre 183 Queen's Road East Wanchai Hong Kong

STOCK CODE AND BOARD LOT

Stock code: 2022 Board lot: 4,000

WEBSITE

www.gamehollywood.com

香港法律顧問

威爾遜•桑西尼•古奇•羅沙迪律師事務所 香港 中環康樂廣場1號 怡和大廈15樓1509室

主要股份過戶登記處

Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands

香港股份過戶登記分處

卓佳證券登記有限公司 香港 灣仔 皇后大道東183號 合和中心54樓

股份代號及每手買賣單位

股份代號:2022 每手買賣單位:4,000

網站

www.gamehollywood.com

FINANCIAL HIGHLIGHTS 財務摘要

Revenue for the Reporting Period amounted to approximately US\$9.0 million, representing a decrease of 36.2% from approximately US\$14.1 million for the corresponding period in 2018.

Gross profit for the Reporting Period amounted to approximately US\$4.1 million, representing a decrease of 50.0% from approximately US\$8.2 million for the corresponding period in 2018.

Non-IFRS adjusted loss attributable to owners of the Company for the Reporting Period amounted to approximately US\$3.9 million, as compared to non-IFRS adjusted profit attributable to owners of the Company of approximately US\$3.3 million for the corresponding period in 2018.

Loss attributable to owners of the Company for the Reporting Period amounted to approximately US\$4.8 million, as compared to profit attributable to owners of the Company of approximately US\$2.2 million for the corresponding period in 2018.

報告期的收入約為9.0百萬美元,較二零一八年同期 錄得的約14.1百萬美元減少36.2%。

報告期的毛利約為4.1百萬美元,較二零一八年同期 錄得的約8.2百萬美元減少50.0%。

於報告期,本公司擁有人應佔非國際財務報告準則 經調整虧損約為3.9百萬美元,而二零一八年同期則 錄得本公司擁有人應佔非國際財務報告準則經調整 溢利約3.3百萬美元。

於報告期,本公司擁有人應佔虧損約為4.8百萬美 元,而二零一八年同期則錄得本公司擁有人應佔溢 利約2.2百萬美元。

FINANCIAL SUMMARY 財務概要

For the six months ended June 30

		截至六月三十日六個月
		2019	2018
		二零一九年	二零一八年
		US\$'000	US\$'000
		千美元	千美元
Revenue	收入	8,959	14,104
Gross profit	毛利	4,098	8,183
Profit before income tax	除所得稅前溢利	(4,557)	3,200
Income tax expense	所得稅開支	218	1,005
(Loss)/Profit for the period	期內(虧損)╱溢利	(4,775)	2,194
(Loss)/Profit attributable to:	以下應佔(虧損)╱溢利:
Owners of the Company	本公司擁有人	(4,775)	2,194
Non-Controlling interests	非控股權益	–	–
Non-IFRS adjusted loss/profit attributable	本公司擁有人應佔非國際財務報告準則	(3,895)	3,313
to owners of the Company(1)	經調整虧損╱溢利(1)

		As at	As at
		June 30,	December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		US\$'000	US\$'000
		千美元	千美元
Total assets	總資產	60,693	63,731
Total liabilities	總負債	11,997	10,454
Equity attributable to the owners	本公司擁有人應佔權益
of the company		48,696	53,277

(1) Non-IFRS adjusted loss/profit attributable to owners of the Company was derived from the loss/profit for the period, excluding share-based payments of the Company.

(1) 本公司擁有人應佔非國際財務報告準則經調整虧損/ 溢利乃從期內虧損/溢利計算得出,不包括本公司的 以股份為基礎付款。

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

BUSINESS REVIEW AND FUTURE PROSPECTS

For the Reporting Period, due to changes in the Chinese game market and regulatory environment, the supply of game products from China complying with relevant laws and regulations and available to the Group for release in the overseas markets decreased dramatically, which limited the number of the Group's new game releases in the overseas markets and in turn imposed an adverse effect on the Group's financial performance.

In the face of a complex and changing market environment, we insisted on taking the advantage of global distribution. With respect to our products, the English versions of Legend of Warships (a naval battle strategic game) and Eternal Fury 2 (a massively multiple online roleplay game), both of which are hardcore and select HTML5 games, were launched globally in 2019. Going forward, the Group will launch more HTML5 games and release HTML5 games in more countries and regions.

Looking forward, we will continue to extend our game portfolio, insist on the philosophy of "focusing on products' long lifecycle", and maintain continuous operation with long-term data flow. At the same time, the Group will continue to improve the layout of HTML5 games and take advantage of our global distribution. We will deepen our involvement in the HTML5 game distribution markets and cooperate closely with our outstanding business partners in research and development, distribution and promotion in the global HTML5 field, to vigorously enlarge our market shares in emerging markets for HTML5 games and further strengthen our leading position in overseas distribution.

業務回顧和未來展望

於報告期,因中國遊戲市場及監管環境變化,可供 本集團用於海外市場發行的、來自中國的合規遊戲 產品供應大幅減少,導致本集團在海外市場的新遊 戲發行受限,對本集團財務業績造成不利影響。

面對複雜多變的市場環境,我們堅持發揮自身全球 發行領域的優勢。遊戲產品方面,海上戰鬥策略遊 戲Legend of Warships、大型多人網絡角色扮演遊 戲Eternal Fury 2等精品重度HTML5遊戲的英文版 本已經於今年內在全球範圍上線。集團後續將會推 出更多HTML5遊戲產品,面向更多國家和地區發 行。

展望未來,我們將繼續擴充遊戲組合,堅持產品長 生命週期理念,用長線流量持續運營,同時,順應 全球遊戲技術發展潮流,本集團將繼續完善HTML5 遊戲的佈局,充分發揮自身全球發行領域的優勢, 深化HTML5遊戲發行市場的開拓,與全球HTML5 領域優秀的研發、發行及推廣等商業夥伴緊密合 作,大力增加我們在HTML5遊戲新興市場的市場份 額,進一步鞏固我們在海外發行領域的領先地位。

FINANCIAL REVIEW 財務回顧

OVERVIEW

Non-IFRS adjusted loss attributable to owners of the Company for the Reporting Period amounted to approximately US\$3.9 million, as compared to non-IFRS adjusted profit attributable to owners of the Company of approximately US\$3.3 million for the corresponding period in 2018. Loss attributable to owners of the Company for the Reporting Period amounted to approximately US\$4.8 million, as compared to profit attributable to owners of the Company of approximately US\$2.2 million for the corresponding period in 2018.

REVENUE

During the Reporting Period, revenue of the Group amounted to approximately US\$9.0 million, representing a decrease of approximately US\$5.1 million or 36.2% as compared with approximately US\$14.1 million for the corresponding period in 2018. The decrease in revenue was mainly due to the reasons that (i) certain games entered into the mature stage of their lifecycles and generated less revenue than that of the corresponding period in 2018; (ii) certain newly launched games of the Group failed to achieve the expected performance level; and (iii) the revenue of a one-off licensing fees amounting US\$2.6 million was recognized for the corresponding period in 2018 while there was no such one-off licensing fees recognised for the Reporting Period.

COST OF REVENUE AND GROSS PROFIT MARGIN

For the Reporting Period, cost of revenue of the Group amounted to approximately US\$4.9 million, representing a decrease of approximately US\$1.0 million or 16.9% as compared with approximately US\$5.9 million for the corresponding period in 2018. The resulting gross profit margin decreased to 45.6% in 2019 from 58.0% for the corresponding period in 2018.

概覽

於報告期,本公司擁有人應佔非國際財務報告準則 經調整虧損約為3.9百萬美元,而二零一八年同期則 錄得本公司擁有人應佔非國際財務報告準則經調整 溢利約3.3百萬美元。於報告期,本公司擁有人應佔 虧損約為4.8百萬美元,而二零一八年同期則錄得本 公司擁有人應佔溢利2.2百萬美元。

收入

於報告期,本集團收入約為9.0百萬美元,較二零一 八年同期的約14.1百萬美元減少約5.1百萬美元或 36.2%。收入減少,主要是由於(i)若干遊戲已踏入 生命週期的成熟期,所產生收入較二零一八年同期 為少;(ii)本集團若干新推出遊戲未能達到預期表現 水平;及(iii)於二零一八年同期確認一次性的授權金 收入2.6百萬美元,而報告期並無確認該一次性的授 權金。

收入成本及毛利率

於報告期,本集團的收入成本約為4.9百萬美元,較 二零一八年同期的約5.9百萬美元減少約1.0百萬美 元或16.9%。毛利率則由二零一八年同期的58.0% 下跌至二零一九年的45.6%。

財務回顧(續)

OTHER GAINS, NET

For the Reporting Period, other gains of the Group amounted to approximately US\$0.1 million, representing a decrease of approximately US\$0.4 million or 80.0% as compared with approximately US\$0.5 million for the corresponding period in 2018. The decrease in other gains was mainly due to recognition of a one-off other gain from termination of a licensing agreement for the corresponding period in 2018.

SELLING AND MARKETING EXPENSES

For the Reporting Period, selling and marketing expenses of the Group amounted to approximately US\$1.9 million, representing a decrease of approximately US\$0.7 million or 26.9% from approximately US\$2.6 million for the corresponding period in 2018, primarily due to a decrease in advertising and promotion expenses.

ADMINISTRATIVE EXPENSES

For the Reporting Period, administrative expenses of the Group amounted to approximately US\$5.4 million, which represents an increase of approximately US\$3.4 million or 170.0% from approximately US\$2.0 million for the corresponding period in 2018. The increase in administrative expenses for the Reporting Period was mainly due to: (i) impairment loss arising from the balances due from the Group's customers; and (ii) write-down of prepaid license fees and prepayments for certain newly launched games of the Group, which failed to achieve the expected performance level.

Research and development expenses

For the Reporting Period, research and development expenses of the Group amounted to approximately US\$0.7 million, representing an increase of approximately US\$0.1 million or 16.7% as compared with approximately US\$0.6 million for the corresponding period in 2018. The increase in research and development expenses for the Reporting Period was mainly due to greater staff cost because of more new games under development.

Impairment of investment in an associate

For the Reporting Period, impairment of investment in an associate of the Group amounted to approximately US\$0.7 million, which was nil for the corresponding period in 2018. The impairment of investment in an associate for the Reporting Period was mainly due to the reason that the Group did not anticipate any future cash flow generated from the investment in an associate as the entity has substantially wound down its operations.

其他收益淨額

於報告期,本集團的其他收益約為0.1百萬美元, 較二零一八年同期的約0.5百萬美元減少約0.4百萬 美元或80.0%。其他收益減少,主要由於二零一八 年同期終止特許權協議而確認一次性的其他收益所 致。

銷售及營銷開支

於報告期,本集團的銷售及營銷開支約為1.9百萬美 元,較二零一八年同期的約2.6百萬美元減少約0.7 百萬美元或26.9%,主要由於廣告及推廣費用減少。

行政開支

於報告期,本集團的行政開支約為5.4百萬美元,較 二零一八年同期約2.0百萬美元增加約3.4百萬美元 或170.0%。報告期的行政開支增加,主要由於:(i) 應收本集團客戶款項結餘所產生之減值虧損;及(ii) 本集團若干新上線遊戲因未能達到預期水準,已支 付的特許費及預付分成撇清。

研發開支

於報告期,本集團的研發開支約為0.7百萬美元,較 二零一八年同期的約0.6百萬美元增加約0.1百萬美 元或16.7%。報告期研發開支的增加主要是由於開 發更多新遊戲令員工成本上升所致。

於聯營公司的投資減值

於報告期,本集團於聯營公司的投資減值約為0.7百 萬美元,而於二零一八年同期並無有關減值。於報 告期於聯營公司的投資減值,主要歸因於有關實體 已大幅縮減經營規模,故本集團並不預計會從於聯 營公司的投資產生任何未來現金流量。

財務回顧(續)

Loss/profit attributable to owners of the Company

For the Reporting Period, loss attributable to owners of the Company amounted to approximately US\$4.8 million, as compared to profit attributable to owners of the Company of approximately US\$2.2 million for the corresponding period in 2018. The change of position was mainly due to the following reasons: (i) due to the changes of the Chinese game market and regulatory environment, the supply of the game products from China complying with relevant laws and regulations and available to the Group for release in the overseas markets decreased dramatically in the Reporting Period, which limited the number of the Group's new game releases in the overseas markets and in turn imposed an adverse effect on the Group's financial performance; (ii) impairment loss arising from the balances due from the Group's customers and the Group's investment in an associate; and (iii) write-down of prepaid license fees and prepayments for certain newly launched games of the Group, which failed to achieve the expected performance level.

N on -IFRS adjusted loss / profit attributable to owners of the Company

To supplement this interim report which is presented in accordance with the IFRS, we also use unaudited non-IFRS adjusted profit attributable to owners of the Company as an additional financial measure to evaluate our financial performance by eliminating the impact of items that we do not consider indicative of the performance of our business.

For the Reporting Period, non-IFRS adjusted loss attributable to owners of the Company amounted to approximately US\$3.9 million, as compared to non-IFRS adjusted profit attributable to owners of the Company of approximately US\$3.3 million for the corresponding period in 2018. Our non-IFRS adjusted loss/profit attributable to owners of the Company for the Reporting Period and the corresponding period of 2018 was calculated according to the loss/profit attributable to the owners of the Company for the period, excluding share-based payments of approximately US\$0.9 million for the Reporting Period and approximately US\$1.1 million for the corresponding period of 2018. The reasons for the change of position were elaborated in the sub-section headed "Loss/profit attributable to owners of the Company" above.

本公司擁有人應佔虧損╱溢利

於報告期,本公司擁有人應佔虧損約為4.8百萬美 元,而二零一八年同期則錄得本公司擁有人應佔溢 利約2.2百萬美元。此狀況的變化,主要因以下理由 所致:(i)因中國遊戲市場及監管環境變化,於報告 期,可供本集團用於海外市場發行的、來自於中國 的合規遊戲產品供應大幅減少,導致本集團在海外 市場的新遊戲發行受限,對本集團的財務業績造成 不利影響;(ii)本集團的應收客戶款項及於聯營公司 的投資之減值虧損;及(iii)本集團若干新上線遊戲因 未能達到預期水準,已支付的特許費及預付分成撇 清。

本公司擁有人應佔非國際財務報 告準則經調整虧損╱溢利

為補充此份根據國際財務報告準則呈列的中期報 告,我們亦使用本公司擁有人應佔未經審核非國際 財務報告準則經調整溢利作為額外的財務計量,藉 此消除我們認為對我們的業務表現並無指標意義的 項目之影響,以評估我們的財務業績。

於報告期,本公司擁有人應佔非國際財務報告準則 經調整虧損約為3.9百萬美元,而二零一八年同期則 錄得本公司擁有人應佔非國際財務報告準則經調整 溢利約3.3百萬美元。我們於報告期及二零一八年 同期的本公司擁有人應佔非國際財務報告準則經調 整虧損╱溢利乃根據期內本公司擁有人應佔虧損╱ 溢利計算得出,而不包括報告期的以股份為基礎付 款約0.9百萬美元及二零一八年同期的約1.1百萬美 元。此狀況變化之原因已在上文「本公司擁有人應 佔虧損╱溢利」分節內闡釋。

財務回顧(續)

Income tax expense

For the Reporting Period, income tax expense of the Group amounted to approximately US\$0.2 million, representing a decrease of approximately US\$0.8 million or 80.0% as compared with approximately US\$1.0 million for the corresponding period in 2018. The decrease in income tax expense was primarily due to the decrease of assessable profit.

Liquidity and source of funding and borrowing

As at June 30, 2019, the Group's total bank balances and cash amounted to approximately US\$25.4 million, representing a decrease of approximately 22.1% as compared with approximately US\$32.6 million as at December 31, 2018. The decrease in total bank balances and cash during the Reporting Period was primarily resulted from decrease in revenue income and prepaid royalty fees of new games.

As at June 30, 2019, current assets of the Group amounted to approximately US\$48.7 million, including bank balances and cash of approximately US\$25.4 million and other current assets of approximately US\$23.3 million. Current liabilities of the Group amounted to approximately US\$10.0 million, including trade payables and contract liabilities of approximately US\$7.1 million and other current liabilities of approximately US\$2.9 million. As at June 30, 2019, the current ratio (the current assets to current liabilities ratio) of the Group was 4.9, as compared with 5.0 as at December 31, 2018.

Gearing ratio is calculated on the basis of total borrowings (net of cash and cash equivalents) over the Group's total equity. The Group does not have any bank borrowings and other debt financing obligations as at June 30, 2019 and the resulting gearing ratio is nil (as at December 31, 2018: nil). The Group intends to finance the expansion, investments and business operations with internal resources.

Material investments

The Group did not have any new material investment during the Reporting Period.

Material acquisitions

The Group did not have any material acquisitions for the Reporting Period.

所得稅開支

於報告期,本集團所得稅開支約為0.2百萬美元,較 二零一八年同期的約1.0百萬美元減少約0.8百萬美 元或80.0%。所得稅開支減少主要因應課稅溢利減 少所致。

流動資金及融資和借款來源

於截至二零一九年六月三十日止,本集團的銀行結 餘及現金總額約為25.4百萬美元,較二零一八年十 二月三十一日的約32.6百萬美元減少約22.1%。報 告期內銀行結餘及現金總額減少,主要由於收入減 少及新遊戲的預付版權費所致。

於截至二零一九年六月三十日止,本集團的流動資 產約為48.7百萬美元,包括銀行結餘及現金約25.4 百萬美元以及其他流動資產約23.3百萬美元。本集 團的流動負債約為10.0百萬美元,包括貿易應付款 項及合約負債約7.1百萬美元以及其他流動負債約 2.9百萬美元。於截至二零一九年六月三十日,本集 團的流動比率(按流動資產除以流動負債計算)為 4.9,而於二零一八年十二月三十一日則為5.0。

資產負債比率乃根據借款總額(經扣除現金及現金 等價物)除以本集團的權益總額計算。本集團於二 零一九年六月三十日並無任何銀行借款及其他債務 融資責任,因此資產負債比率為零(於二零一八年 十二月三十一日:零)。本集團有意以內部資源為 擴展、投資及業務營運提供所需資金。

重大投資

本集團於報告期並無任何新進行的重大投資。

重大收購

本集團於報告期並無任何重大收購。

財務回顧(續)

Material disposals

The Group did not have any material disposals of subsidiaries or associated companies for the Reporting Period.

PLEDGE OF ASSETS

As at June 30, 2019, none of the Group's assets was pledged (as at December 31, 2018: nil).

CONTINGENT LIABILITIES

The Group had no material contingent liabilities as at June 30, 2019 (as at December 31, 2018: nil).

FOREIGN EXCHANGE EXPOSURE

As at June 30, 2019, the Group mainly operated in the global market and majority of its transactions were settled in U.S. dollars, being the functional currency of the group entities to which the transactions relate. We currently do not hedge transactions undertaken in foreign currencies but manage our exposure through constant monitoring to limit as much as possible the amount of our foreign currencies exposures. Foreign exchange risk arises when future commercial transactions and recognized assets and liabilities are denominated in a currency that is not the entity's functional currency. We have certain investments in foreign operations, whose net assets are exposed to foreign currency translation risk. Currency exposure arising from the net assets of our foreign operations is not significant. As at June 30, 2019, the Group did not have significant foreign currency exposure from its operations.

重大出售

本集團於報告期並無任何有關附屬公司或聯營公司 的重大出售。

資產抵押

本集團於截至二零一九年六月三十日止並無任何資 產作抵押(於二零一八年十二月三十一日:無)。

或然負債

本集團於截至二零一九年六月三十日止並無重大或 然負債(於二零一八年十二月三十一日:無)。

外匯風險

於截至二零一九年六月三十日止,本集團主要在全 球市場營運,而其大部分交易均以美元結算,而美 元為交易相關的集團實體的功能貨幣。我們現時並 無就以外幣進行的交易進行對沖,而是透過定期監 察管理風險,以盡可能限制外幣風險的金額。當未 來商業交易及經確認資產及負債的計值貨幣並非該 實體的功能貨幣,則會出現外匯風險。我們於境外 營運有若干投資,其淨資產面臨外幣換算風險。由 境外營運淨資產所產生的貨幣風險不大。於截至二 零一九年六月三十日止,本集團並無因其營運而面 對重大外幣風險。

SUPPLEMENTARY INFORMATION 補充資料

USE OF PROCEEDS FROM THE IPO

The net proceeds from the IPO amounted to US\$35.4 million after deducting share issuance costs and listing expenses. During the Reporting Period, the net proceeds from the listing were utilized in accordance with the proposed applications set out in the section headed "Future Plans and Use of Proceeds" in the Prospectus, with the balance amounted to approximately US\$21.9 million. The balance of fund will continue to be utilized according to the manner as disclosed in the Prospectus. The Group held the unutilized net proceeds in short-term deposits with licensed institutions in Hong Kong. In the second half of 2019, the Company will use the proceeds raised from the IPO in accordance with its development strategies, market conditions and intended use of such proceeds. Details are set out in the following table:

首次公開發售所得款項用途

首次公開發售所得款項淨額為35.4百萬美元(扣除 股份發行成本及上市開支)。於報告期,上市所得 款項淨額已根據本公司招股章程「未來計劃及所得 款項用途」一節所載擬定用途使用,款項結餘為約 21.9百萬美元。款項結餘將根據招股章程披露之用 途使用。本集團將未動用所得款項淨額以短期存款 形式存放於香港持牌機構。二零一九年下半年,本 公司將根據其發展策略、市場情況及首次公開發售 所得款項的擬定用途,使用該等款項。詳情請見下 表:

			Actual net
			amount	Actual net
			utilized	amount
		Net amount	during the	utilized	Unutilized
		available as	year ended	during the	amount as
		at December	December	Reporting	at June 30,
		31, 2017	31, 2018	Period	2019
			截至
		截至	二零一八年
		二零一七年	十二月		截至
		十二月	三十一日止	於本報告	二零一九年
		三十一日	年度實際	期內實際	六月三十日
		可供動用淨額	使用淨額	使用淨額	尚未使用金額
		USD'000	USD'000	USD'000	USD'000
		千美元	千美元	千美元	千美元
Investment	投資	14,166.1	421.0	6,308.3	7,436.8
Development and research	開發與研究	8,853.8	780.3	755.6	7,317.9
Expansion of online game business	網絡遊戲業務拓展	5,312.3	1,084.5	796.1	3,431.7
Marketing and advertisement	營銷及宣傳	3,541.5	1,625.3	1,002.7	913.5
Working capital and other general	營運資金及其他一般企業用途
corporate purposes		3,541.5	501.3	273.7	2,766.5
Total	總計	35,415.2	4,412.4	9,136.4	21,866.4

補充資料(續)

HUMAN RESOURCES

As at June 30, 2019, the Group had 188 employees (December 31, 2018: 182), 57 of which were responsible for game development and maintenance, 80 for game operation and offline events organization, 51 for general administration and corporate management. The total remuneration expenses, excluding share-based compensation expense, for the Reporting Period were US\$2.0 million, representing an increase of 25.0% as compared to the corresponding period in 2018. The Group enters into employment contracts with its employees to cover matters such as position, term of employment, wage, employee benefits and liabilities for breaches and grounds for termination.

Remuneration of the Group's employees includes basic salaries, allowances, bonus, share options and other employee benefits, and is determined with reference to their experience, qualifications and general market conditions. The emolument policy for the employees of the Group is set up by the Board on the basis of their merit, qualification and competence. The Group provide regular training to our employees in order to improve their skills and knowledge. The training courses range from further educational studies to skill training to professional development courses for management personnel.

Interim Dividend

The Board has resolved not to declare any interim dividend for the Reporting Period.

人力資源

於二零一九年六月三十日,本集團聘有188名僱員 (二零一八年十二月三十一日:182名),其中57名 負責遊戲開發及維護,80名負責遊戲營運及線下活 動統籌,而51名負責行政及企業管理。報告期的總 薪酬開支(不包括以股份為基礎薪酬開支)約為2.0 百萬美元,較二零一八年同期增加25.0%。本集團 與僱員訂立僱傭合約,訂明職位、僱用年期、工 資、僱員福利、違約責任及終止理由等事宜。

本集團僱員的薪酬包括基本薪金、津貼、花紅、購 股權及其他僱員福利,並參考彼等之經驗、資歷及 一般市場狀況釐定。本集團僱員的薪酬政策由董事 會根據僱員的長處、資歷及能力而制定。本集團向 僱員提供定期培訓,以改善他們的技巧及知識。培 訓課程涵蓋持續教育進修至技能訓練,並為管理人 員提供專業發展課程。

中期股息

董事會已議決不宣派報告期之任何中期股息。

補充資料(續)

Corporate Governance Practices

The Company recognizes the importance of good corporate governance for enhancing the management of the Company as well as preserving the interests of the Shareholders as a whole. The Company has adopted the code provisions as set out in the CG Code as its own code of corporate governance practices.

In the opinion of the Directors, the Company has complied with the relevant code provisions contained in the CG Code during the Reporting Period, save for deviation from code provision A.2.1 of the CG Code.

Pursuant to code provision A.2.1 of the CG Code, the responsibility between the chairman and chief executive officer should be segregated and should not be performed by the same individual. However, the Company does not have a separate chairman and chief executive officer and Mr. LU Yuanfeng currently performs these two roles. The Board considers that vesting the roles of chairman and chief executive officer in the same person is beneficial to the management of the Group. The balance of power and authority is ensured by the operation of the senior management and the Board, which comprises experienced individuals. The Board currently comprises three executive Directors (including Mr. LU Yuanfeng) and two independent non-executive Directors and therefore has a fairly strong independence element in its composition.

Upon the resignation of Mr. Darren Raymond SHAW as an independent non-executive Director with effect from July 5, 2019, (i) the Board comprises only three executive Directors and two independent nonexecutive Directors; and (ii) there are only two members in each of the Audit Committee, Remuneration Committee and Nomination Committee (collectively, the "Board Committees"). Therefore, the composition of the Board and the Board Committees does not meet the requirements under Rule 3.10(1), Rule 3.21 and Rule 3.25 of the Listing Rules and Code Provision A.5.1 of the CG Code. The Company will identify a suitable candidate for the position of independent non-executive Director as well as members of each of the Board Committees within three months from the effective date of the resignation of Mr. Darren Raymond SHAW to comply with the requirements of Rule 3.10(1), Rule 3.21, Rule 3.25 of the Listing Rules and Code Provision A.5.1 under the CG Code.

The Board will continue to review and monitor the practices of the Company with an aim to maintaining a high standard of corporate governance.

企業管治常規

本公司確認,良好的企業管治對於增強本公司的管 理及保障股東的整體利益而言意義重大。本公司已 採納企業管治守則所載的守則條文,以作為本身規 管其企業管治的守則。

董事認為,於報告期內,本公司已遵守企業管治守 則所載相關守則條文,惟企業管治守則的守則條文 第A.2.1條有所偏離除外。

根據企業管治守則的守則條文第A.2.1條,主席與行 政總裁的角色應有區分,並不應由一人同時兼任。 然而,本公司並無區分主席與行政總裁,現時由陸 源峰先生同時擔任該兩個職位。董事會認為,將主 席及首席執行官的角色授予同一人兼任有利於本集 團的管理。高級管理層及董事會(由經驗豐富的個 別人士組成)的運作確保權力與權限的平衡。董事 會現時由三名執行董事(包括陸源峰先生)及兩名 獨立非執行董事組成,因此其組成具有頗強的獨立 元素。

於邵在純先生自二零一九年七月五日退任獨立非執 行董事後,(i)董事會僅包括三名執行董事及兩名獨 立非執行董事;及(ii)審核委員會、薪酬委員會及提 名委員會(統稱「董事委員會」)均只有兩名成員。 因此,董事會及董事委員會的組成不符合上市規則 第3.10(1)、3.21及3.25條及企業管治守則的守則條 文第A.5.1條之規定。本公司將於邵在純先生辭任的 生效日期起計三個月內,物色適合人選出任獨立非 執行董事以及各董事委員會的成員,以符合上市規 則第3.10(1)、3.21及3.25條及企業管治守則的守則 條文第A.5.1條之規定。

為維持高標準的企業管治,董事會將不斷檢討及監 察本公司的慣例。

補充資料(續)

MODEL CODE FOR SECURITIES TRANSACTIONS

The Company has adopted the Model Code as its own code of conduct regarding dealings in the securities of the Company by the Directors and the Group's senior management who, because of his/her office or employment, is likely to possess inside information in relation to the Company or its securities.

Upon specific enquiry, all Directors confirmed that they have complied with the Model Code during the Reporting Period. In addition, the Company is not aware of any non-compliance of the Model Code by the senior management of the Group during the Reporting Period.

PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SHARES

Neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company's listed securities during the Reporting Period.

REVIEW OF FINANCIAL INFORMATION

Audit Committee

The Audit Committee, comprising Ms. Imma LING Kit-sum and Mr. LI Yi Wen, has discussed with the management and the external auditor and reviewed the unaudited interim condensed consolidated financial information of the Group for the Reporting Period and confirms that the applicable accounting principles, standards and requirements have been compiled with, and that adequate disclosures have been made.

Auditor

In addition, the Company's external auditor, PricewaterhouseCoopers, has performed an independent review of the Group's unaudited interim condensed consolidated financial information for the Reporting Period in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity".

證券交易之標準守則

本公司已採納標準守則,以作為本公司的董事及本 集團高級管理層(彼等因有關職位或受僱工作而可 能擁有有關本公司或其證券之內幕消息)買賣本公 司證券的行為守則。

經作出具體查詢後,全體董事均確認彼等於報告期 已遵守標準守則。此外,本公司並未獲悉本集團高 級管理層於報告期有任何不遵守標準守則之情況。

購買、出售或贖回本公司上市股 份

於報告期,本公司及其任何附屬公司概無購買、出 售或贖回本公司任何上市證券。

審閱財務資料 審核委員會

審核委員會(成員為凌潔心女士及李毅文先生)已 與管理層及外聘核數師進行討論,並審閱本集團於 報告期之未經審核中期簡明合併財務資料,確認已 遵守適用的會計原則、準則及規定以及已作出適當 披露。

核數師

此外,本公司的外聘核數師羅兵咸永道會計師事務 所已根據國際審閱應聘服務準則第2410號「實體的 獨立核數師對中期財務資料的審閱」對本集團於報 告期的未經審核中期簡明合併財務資料進行獨立審 閱。

補充資料(續)

CHANGES in MEMBERS OF THE Board AND/ or Update on Directors' Information Pursuant to Rule 13.51B(1) of the Listing Rules

During the Reporting Period, there was no change in members of the Board and/or update on the Directors' information.

Subsequent to the Reporting Period, on July 5, 2019, Mr. Darren Raymond SHAW resigned as an independent non-executive Director, and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee, as he wishes to devote more time in his other commitments. Details of such changes are set out in the announcement of the Company dated July 5, 2019.

Save as disclosed above, there was no change in members of the Board and/or update on Directors' information pursuant to Rule 13.51B(1) of the Listing Rules.

Continuing Disclosure Obligations Pursuant to the Listing Rules

The Company does not have any other disclosure obligations under Rules 13.20, 13.21 and 13.22 of the Listing Rules.

董事會成員變動及╱或根據上市 規則第13.51B(1)條對董事資料的 更新

於報告期內,概無董事會成員變動及╱或對董事資 料的更新。

於報告期後,由於邵在純先生欲投放更多時間於其 個人的其他事務,因此邵先生於二零一九年七月五 日已辭任獨立非執行董事以及審核委員會、薪酬委 員會及提名委員會各自之成員。有關變動詳情載於 本公司日期為二零一九年七月五日之公告。

除上文披露者外,概無董事會成員變動及╱或根據 上市規則第13.51B(1)條對董事資料的更新。

根據上市規則之持續披露責任

本公司並無上市規則第13.20、13.21及13.22條項 下的任何其他披露責任。

補充資料(續)

Interests of Directors and Chief Executive in Securities

As at June 30, 2019, the interests or short positions of the Directors and chief executive of the Company in the shares, underlying shares and debentures of the Company or its associated corporations (within the meaning of Part XV of the SFO), which (a) were required to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions which he/ she was taken or deemed to have under such provisions of the SFO); or (b) were required, pursuant to section 352 of the SFO, to be recorded in the register referred to therein; or (c) were required to be notified to the Company and the Stock Exchange pursuant to the Model Code, were as follows:

董事及行政總裁於證券的權益

於二零一九年六月三十日,本公司董事及行政總裁 於本公司或其相聯法團(定義見證券及期貨條例第 XV部)股份、相關股份及債券中擁有(a)根據證券及 期貨條例第XV部第7及第8分部須知會本公司及聯 交所(包括根據證券及期貨條例的條文,被當作或 視為擁有的權益或淡倉);(b)或根據證券及期貨條 例第352條須記入該條例所指的登記冊中;(c)或根 據標準守則須知會本公司及聯交所的權益或淡倉如 下:

Interest in Shares or Underlying Shares of our Company

於本公司股份或相關股份的權益

Name of Director	Nature of Interest	Number of ordinary shares interested(1) 擁有權益的	Approximate percentage of the Company's total issued share capital 佔本公司已發行
董事姓名	權益性質	普通股數(1)	總股本的概約百分比
Mr. LU Yuanfeng(2) 陸源峰先生(2)	Interest in controlled corporation, interest of spouse, interest held jointly with another person 受控制法團權益、配偶權益、與另一人士 共同持有的權益	947,958,387 (L)	47.40%
Mr. HUANG Guozhan(3) 黃國湛先生(3)	Interest in controlled corporation, interest held jointly with another person 受控制法團權益、與另一人士共同持有的權益	947,958,387 (L)	47.40%
Mr. HUANG Deqiang(4) 黃德強先生(4)	Interest in controlled corporation, interest held jointly with another person 受控制法團權益、與另一人士共同持有的權益	947,958,387 (L)	47.40%

補充資料(續)

Notes:

• (1) The letter "L" denotes the person's long position in the Shares.
• (2) Under the SFO, Mr. LU Yuanfeng is deemed to be interested in all Shares held by LYF Digital Holdings Limited, a company which is wholly owned by him. Mr. LU is also deemed to be interested in all Shares held by (1) Ms. LUO Simin, as Ms. LUO is the spouse of Mr. LU; and (2) Mr. HUANG Guozhan and Mr. HUANG Deqiang, as they are parties acting in concert.
• (3) Under the SFO, Mr. HUANG Guozhan is deemed to be interested in all Shares held by (1) LXT Digital Holdings Limited, a company which is wholly owned by him; and (2) Mr. LU Yuanfeng, Ms. LUO Simin and Mr. HUANG Deqiang, as they are parties acting in concert.
• (4) Under the SFO, Mr. HUANG Deqiang is deemed to be interested in all Shares held by (1) HDQ Digital Holdings Limited, a company which is wholly owned by him; and (2) Mr. LU Yuanfeng, Ms. LUO Simin and Mr. HUANG Guozhan, as they are parties acting in concert.

Interest in associated corporations

附註:

• (1) 字母「L」指該人士於股份的好倉。
• (2) 根據證券及期貨條例,陸源峰先生被視為於LYF Digital Holdings Limited(彼全資擁有的公司)所 持全部股份中擁有權益。陸先生亦被視為於(1)駱 思敏女士(由於駱女士為陸先生的配偶);及(2)黃 國湛先生及黃德強先生(由於彼等為一致行動人 士)所持有的全部股份中擁有權益。
• (3) 根據證券及期貨條例,黃國湛先生被視為於(1) LXT Digital Holdings Limited(彼全資擁有的公 司);及(2)陸源峰先生、駱思敏女士及黃德強先生 (由於彼等為一致行動人士)所持全部股份中擁有 權益。
• (4) 根據證券及期貨條例,黃德強先生被視為於(1) HDQ Digital Holdings Limited(彼全資擁有的公 司);及(2)陸源峰先生、駱思敏女士及黃國湛先生 (由於彼等為一致行動人士)所持全部股份中擁有 權益。

於相聯法團的權益

Name of Director	Associated Corporation	Capacity/nature of interest	Number of Shares	Approximate percentage of shareholding interest 概約股權
董事姓名	相關法團	身份╱權益性質	股份數目	百分比
Mr. LU Yuanfeng 陸源峰先生	LYF Digital Holdings Limited LYF Digital Holdings Limited	Beneficial owner 實益擁有人	100	100%
Mr. HUANG Guozhan 黃國湛先生	LXT Digital Holdings Limited LXT Digital Holdings Limited	Beneficial owner 實益擁有人	100	100%
Mr. HUANG Deqiang 黃德強先生	HDQ Digital Holdings Limited HDQ Digital Holdings Limited	Beneficial owner 實益擁有人	100	100%
Note:		附註:

(1) Under the SFO, a holding company is regarded as an "associated corporation." As of June 30, 2019, LYF Digital Holdings Limited, LXT Digital Holdings Limited and HDQ Digital Holdings Limited will hold 27.64%, 2.85% and 4.91% of our issued share capital and thus are our associated corporations.

⁽¹⁾ 根 據 證 券 及 期 貨 條 例, 控 股 公 司 被 視 為「相 聯 法團」。於二零一九年六月三十日,LYF Digital Holdings Limited、LXT Digital Holdings Limited 及HDQ Digital Holdings Limited持有我們的已發 行股本的27.64%、2.85%及4.91%,因此是我們 的相聯法團。

補充資料(續)

Save as disclosed above and in the section headed "Post-IPO Share Option Scheme" and to the best knowledge of the Directors, as at June 30, 2019, none of the Directors or the chief executive of the Company has any interests and/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 SFO) which were required to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions which he/she was taken or deemed to have under such provisions of the SFO) or which were required, pursuant to section 352 of the SFO, to be entered in the register referred to therein or which were required, pursuant to the Model Code, to be notified to the Company and the Stock Exchange.

除上文及「首次公開發售後購股權計劃」一節披露 者及據董事所深知,於二零一九年六月三十日, 概無本公司董事或行政總裁於本公司及其相聯法 團(定義見證券及期貨條例第XV部)的股份、相關 股份及債券中擁有根據證券及期貨條例第XV部第 7及第8分部須知會本公司及聯交所(包括根據證券 及期貨條例的條文,被當作或視為擁有的權益或淡 倉)、根據證券及期貨條例第352條須記入該條例所 指的登記冊中及根據標準守則須知會本公司及聯交 所的權益及╱或淡倉。

Substantial Shareholders' Interests in Securities

As at June 30, 2019, the following corporations/persons had interests of 5% or more in the issued shares of the Company according to the register of interests required to be kept by the Company under section 336 of the SFO:

主要股東於證券的權益

按本公司根據證券及期貨條例第336條須存置的登 記冊所載,於二零一九年六月三十日,以下法團╱ 人士擁有本公司5%或以上已發行股份之權益:

Long position in ordinary Shares

普通股的好倉

			Approximate
			percentage of
		Number of	the Company's
		ordinary shares	total issued share
Name of Shareholder	Nature of Interest	interested(1)	capital
		擁有權益的	佔本公司已發行
股東姓名	權益性質	普通股數目(1)	總股本的概約百分比
Mr. LU Yuanfeng(2)	Interest in a controlled corporation; interests of	947,958,387 (L)	47.40%
	spouse; interest held jointly with another person
陸源峰先生(2)	受控制法團權益;配偶權益;與另一人士
	共同持有的權益
LYF Digital Holdings Limited	Beneficial owner; interests held jointly with	947,958,387 (L)	47.40%
	another person
LYF Digital Holdings Limited	實益擁有人;與另一人士共同持有的權益
Ms. LUO Simin(3)	Interest in a controlled corporation; interests of	947,958,387 (L)	47.40%
	spouse; interest held jointly with another person
駱思敏女士(3)	受控制法團權益;配偶權益;與另一人士
	共同持有的權益

補充資料(續)

			Approximate
			percentage of
		Number of	the Company's
		ordinary shares	total issued share
Name of Shareholder	Nature of Interest	interested(1)	capital
		擁有權益的	佔本公司已發行
股東姓名	權益性質	普通股數目(1)	總股本的概約百分比
Angel Age Limited	Beneficial owner; interests held jointly	947,958,387 (L)	47.40%
	with another person
Angel Age Limited	實益擁有人;與另一人士共同持有的權益
Mr. HUANG Guozhan(4)	Interest in a controlled corporation;	947,958,387 (L)	47.40%
	interest held jointly with another person
黃國湛先生(4)	受控制法團權益;與另一人士共同持有的權益
LXT Digital Holdings Limited	Beneficial owner; interests held jointly with	947,958,387 (L)	47.40%
	another person
LXT Digital Holdings Limited	實益擁有人;與另一人士共同持有的權益
Mr. HUANG Deqiang(5)	Interest in a controlled corporation;	947,958,387 (L)	47.40%
	interest held jointly with another person
黃德強先生(5)	受控制法團權益;與另一人士共同持有的權益
HDQ Digital Holdings Limited	Beneficial owner; interests held jointly with	947,958,387 (L)	47.40%
	another person
HDQ Digital Holdings Limited	實益擁有人;與另一人士共同持有的權益
7Road Holdings Limited(6)	Interest in a controlled corporation	310,496,901 (L)	15.52%
第七大道控股有限公司(6)	受控制法團權益
7Road International	Beneficial owner	310,496,901 (L)	15.52%
Group Limited
7Road International	實益擁有人
Group Limited
The Core Trust Company	Trustee	149,999,973 (L)	7.50%
Limited(7) The Core Trust Company	受託人
Limited(7)
Epic City Limited(7)	Nominee for another person	149,999,973 (L)	7.50%
Epic City Limited(7)	另一人士的代名人

補充資料(續)

Notes:

• (1) The letter "L" denotes the person's long position in the Shares.
• (2) Under the SFO, Mr. LU Yuanfeng is deemed to be interested in all Shares held by LYF Digital Holdings Limited, a company which is wholly owned by him. Mr. LU is also deemed to be interested in all Shares held by (i) Ms. LUO Simin, as Ms. LUO is the spouse of Mr. LU; and (ii) Mr. HUANG Guozhan and Mr. HUANG Deqiang, as they are parties acting in concert.
• (3) Under the SFO, Ms. LUO Simin is deemed to be interested in all Shares held by Angel Age Limited, a company which is wholly owned by her. Ms. LUO is also deemed to be interested in all Shares held by (i) Mr. LU Yuanfeng, as Mr. LU is the spouse of Ms. LUO; and (ii) Mr. HUANG Guozhan and Mr. HUANG Deqiang, as they are parties acting in concert.
• (4) Under the SFO, Mr. HUANG Guozhan is deemed to be interested in all Shares held by (i) LXT Digital Holdings Limited, a company which is wholly owned by him; and (ii) Mr. LU Yuanfeng, Ms. LUO Simin and Mr. HUANG Deqiang, as they are parties acting in concert.
• (5) Under the SFO, Mr. HUANG Deqiang is deemed to be interested in all Shares held by (i) HDQ Digital Holdings Limited, a company which is wholly owned by him; and (ii) Mr. LU Yuanfeng, Ms. LUO Simin and Mr. HUANG Guozhan, as they are parties acting in concert.
• (6) Under the SFO, 7Road Holdings Limited is deemed to be interested in all Shares held by 7Road International Group Limited, a company wholly owned by 7Road Holdings Limited.
• (7) The Core Trust Company Limited, being the trustee of Post-IPO Share Option Scheme, directly holds the entire issued share capital of Epic City Limited, which holds Shares underlying the options to be granted under the scheme for the benefit of eligible participants pursuant to such scheme.

Save as disclosed above and to the best knowledge of the Directors, as at June 30, 2019, no person had registered an interest or a short position in the shares or underlying shares of the Company as recorded in the register required to be kept by the Company under section 336 of the SFO.

附註:

• (1) 字母「L」表示該人士於股份中的好倉。
• (2) 根據證券及期貨條例,陸源峰先生被視為於LYF Digital Holdings Limited(彼全資擁有的公司)持 有的全部股份中擁有權益。陸先生亦被視為於(i)駱 思敏女士(由於駱女士為陸先生的配偶)及(ii)黃國 湛先生及黃德強先生(由於彼等為一致行動人士) 持有的全部股份中擁有權益。
• (3) 根據證券及期貨條例,駱思敏女士被視為於Angel Age Limited(彼全資擁有的公司)持有的全部股份 中擁有權益。駱女士亦被視為於(i)陸源峰先生(由 於陸先生為駱女士的配偶)及(ii)黃國湛先生及黃德 強先生(由於彼等為一致行動人士)持有的全部股 份中擁有權益。
• (4) 根據證券及期貨條例,黃國湛先生被視為於(i)LXT Digital Holdings Limited(彼全資擁有的公司)及 (ii)陸源峰先生、駱思敏女士及黃德強先生(由於彼 等為一致行動人士)持有的全部股份中擁有權益。
• (5) 根據證券及期貨條例,黃德強先生被視為於(i) HDQ Digital Holdings Limited(彼全資擁有的公 司)及(ii)陸源峰先生、駱思敏女士及黃國湛先生 (由於彼等為一致行動人士)持有的全部股份中擁 有權益。
• (6) 根據證券及期貨條例,第七大道控股有限公司被視 為於7Road International Group Limited(第七大 道控股有限公司全資擁有的公司)持有的全部股份 中擁有權益。
• (7) The Core Trust Company Limited(即首次公開 發售後購股權計劃的受託人)直接持有Epic City Limited的全部已發行股本,而Epic City Limited則 根據該計劃為合資格參與者的利益持有根據該計劃 將授出的購股權涉及的股份。

除上文所披露者外,就董事所深知,於二零一九年 六月三十日按本公司根據證券及期貨條例第336條 須存置的登記冊所記錄,並無任何人士登記本公司 股份或相關股份之權益或淡倉。

補充資料(續)

Post-IPO Share Option Scheme

On May 27, 2017, the Company adopted the Post-IPO Share Option Scheme approved by the resolutions of our Shareholders. The purpose of the Share Option Scheme is to attract, retain and motivate employees, Directors and other participants, and to provide a means of compensating them through the grant of options (the "Options") pursuant to the terms of the Post-IPO Share Option Scheme for their contribution to the growth and profits of the Group, and to allow such employees, Directors and other persons to participate in the growth and profitability of the Group.

Our Board has appointed The Core Trust Company Limited as the trustee (the "Trustee") for the administration of the Post-IPO Share Option Scheme and to hold the Shares which may be granted under the Options through Epic City Limited (the "Nominee"), a wholly-owned subsidiary of the Trustee. The Trustee shall act in accordance and cooperate with the Board for the purpose of the Post-IPO Share Option Scheme. The Company will use Shares held by the Nominee and new Shares to be allotted by us to satisfy the Options upon exercise.

Existing Shares held by the Nominee

The Shares which may be transferred from the Nominee upon exercise of all Options to be granted under the Post-IPO Share Option Scheme shall not exceed 149,999,973 Shares (i.e. being the Shares held by the Nominee representing 7.5% of the enlarged issued share capital of our Company as of the Listing Date). Options lapsed in accordance with the terms of the Post-IPO Share Option Scheme shall not be counted for the purpose of calculating this limit. For the avoidance of doubt, Chapter 17 of the Listing Rules only applies to the grant of options over new shares or other new securities of a listed issuer or its subsidiaries. For the Options to be satisfied by transfer of the existing Shares from the Nominee to the relevant participants of the Post-IPO Share Option Scheme upon exercised, as there will be no new Share allotted by the Company to satisfy these Options, such grants of Options were not and will not be governed by Chapter 17 of the Listing Rules.

New Shares to be issued by our Company

The new Shares which may be issued by our Company upon exercise of Options to be granted under the Post-IPO Share Option Scheme and other share option schemes of our Company (and to which the provisions of the Listing Rules are applicable) shall not exceed 200,000,000 Shares (i.e. 10% of the aggregate of the Shares in issue on the Listing Date (the "Scheme Mandate Limit")), and such grants of options will be governed by Chapter 17 of the Listing Rules. Options lapsed in accordance with the terms of the Post-IPO Share Option Scheme shall not be counted for the purpose of calculating this Scheme Mandate Limit.

首次公開發售後購股權計劃

於二零一七年五月二十七日,本公司採納首次公開 發售後購股權計劃並經股東通過決議案批准。此購 股權計劃旨在吸引、挽留及鼓勵僱員、董事及其他 參與者,並透過根據首次公開發售後購股權計劃的 條款授出購股權(「購股權」)酬謝彼等對本集團的 增長及溢利所作出的貢獻,以及讓該等僱員、董事 及其他人士參與本集團的增長及盈利能力。

董事會已委任The Core Trust Company Limited 作為受託人(「受託人」),管理首次公開發售後購股 權計劃及透過Epic City Limited(「代名人」,受託 人的全資附屬公司)持有根據購股權可能授出的股 份。受託人須根據董事會就首次公開發售後購股權 計劃的目的行事及與董事會合作。本公司將使用由 代名人持有的股份及將由我們配發的新股份,滿足 行使購股權時的需要。

代名人持有的現有股份

因行使根據首次公開發售後購股權計劃將予授出的 所有購股權而可能從代名人轉讓的股份數目不得超 過149,999,973股股份(即由代名人持有的股份, 相當於截至上市日期本公司經擴大已發行股本的 7.5%)。根據首次公開發售後購股權計劃的條款失 效的購股權不被納入此上限的計算內。為免存疑, 上市規則第17章僅適用於授出涉及上市發行人或 其附屬公司的新股份或其他新證券的購股權。就於 行使時從代名人轉讓現有股份至首次公開發售後購 股權計劃的有關參與者以滿足有關行使的購股權而 言,由於本公司將不會配發新股份以滿足該等購股 權,因此在此情況下授出購股權並無亦不會受到上 市規則第17章的規管。

本公司將發行的新股份

本公司因行使根據首次公開發售後購股權計劃及 本公司其他購股權計劃(及上市規則條文適用者) 將予授出的購股權而可能發行的新股份不得超過 200,000,000股股份(即上市日期已發行股份總數 的10%)(「計劃授權上限」),而上述授出購股權將 受到上市規則第17章的規管。根據首次公開發售後 購股權計劃的條款失效的購股權不被納入此計劃授 權上限的計算內。

補充資料(續)

The total number of Shares issued and to be issued upon the exercise of the Options granted to or to be granted to each eligible person under the Post-IPO Share Option Scheme (including exercised, cancelled and outstanding options) in any 12-month period shall not exceed 1% of the Shares in issue.

An Option may be exercised in accordance with the terms of the Post-IPO Share Option Scheme at any time during the period to be determined by our Board at its absolute discretion and notified by our Board to each grantee of the Options (the "Grantee") as being the period during which an Option may be exercised and in any event, such period shall not be longer than 10 years from the date upon which any particular Option is granted in accordance with the Post-IPO Share Option Scheme. Options may be vested over such period(s) as determined by the Board in its absolute discretion subject to compliance with the requirements under any applicable laws, regulations or rules.

The exercise price (the "Exercise Price") shall be such price as determined by the Board in its absolute discretion at the time of the grant of the relevant Option (and shall be stated in the letter containing the offer of the grant of the Option), but in the case that any new Share would be allotted and issued to a Grantee upon the exercise of an Option in accordance with the terms of the Post-IPO Share Option Scheme, the Exercise Price shall not be less than the higher of (a) the closing price of the Shares as stated in the daily quotation sheet of the Stock Exchange on the date of grant, which must be a business day, (b) the average closing price of the Shares as stated in the daily quotation sheets of the Stock Exchange for the five (5) business days immediately preceding the date of grant, and (c) the nominal value of a Share. For the avoidance of doubt, in the case that the existing Share would be transferred from the Trustee to a Grantee upon the exercise of an Option in accordance with the terms of the Post-IPO Share Option Scheme, the Exercise Price shall be determined by the Board, as it may think fit taking into account the Grantee's contribution to the development and growth of the Group.

A summary of the terms of the Post-IPO Share Option Scheme has been set out in the section headed "D. Share Incentive Scheme" in Appendix IV of the Prospectus.

On February 15, 2018, the Board approved to grant Options under the Post-IPO Share Option Scheme to eligible employees for their past contribution to the success of the Group, and to provide incentives to them to further contribute to the Group, the details of which are set out in the announcement of the Company dated February 20, 2018.

於任何12個月期間,因行使根據首次公開發售後購 股權計劃授予或將授予各合資格人士的購股權(包 括已行使、已註銷及未行使的購股權)而已發行及 將予發行的股份總數,不得超過已發行股份的1%。

購股權可於董事會全權酌情釐定及向各購股權承授 人(「承授人」)通知的期間(即購股權可行使期間) 內任何時間,隨時根據首次公開發售後購股權計劃 的條款行使;於任何情況下,該期間將不超過任何 個別購股權根據首次公開發售後購股權計劃授出當 日起計10年。購股權可於董事會全權酌情釐定的期 間歸屬,惟須遵守任何適用法律、法規或規則的規 定。

行使價(「行使價」)須為由董事會於授出有關購股 權當時全權酌情釐定的有關價格(且應在載有授出 購股權要約的函件內註明),惟倘於根據首次公開 發售後購股權計劃的條款行使購股權後,將向承授 人配發及發行任何新股份,則行使價不得低於以下 的較高者:(a)股份於授出日期在聯交所每日報價表 所列的收市價,而該日須為營業日;(b)緊接授出日 期前五(5)個營業日,股份於聯交所每日報價表所列 的平均收市價;及(c)股份面值。為免生疑問,倘於 根據首次公開發售後購股權計劃的條款行使購股權 後,現有股份將由受託人轉讓予承授人,董事會於 計及承授人對本集團發展及增長作出的貢獻後釐定 其可能認為適當的行使價。

首次公開發售後購股權計劃條款之概要載於招股章 程附錄四「D. 股份獎勵計劃」一節。

於二零一八年二月十五日,董事會批准因合資格僱 員過往對本集團成功所作貢獻,而從首次公開發售 後購股權計劃向彼等授出購股權,並激勵彼等對本 集團作一步貢獻,有關詳情載於本公司日期為二零 一八年二月二十日之公告。

補充資料(續)

The Options are conditionally vested upon satisfying specified service vesting condition, which is mutually agreed by the employees and the Company. The Group has no legal or constructive obligations to repurchase or settle the Options in cash.

On February 15, 2018, 49,498,610 Options, which are to be satisfied solely by the existing Shares held by the Nominee when they are exercised, were granted under the Post-IPO Share Option Scheme. No new Share will be allotted to satisfy such Options. The vesting period of the Options granted is three years and the vesting schedule is 33.33% after twelve months from the grant date, 33.33% after twentyfour months from the grant date, and 33.34% after thirty-six months from the grant date. The Exercise Price is HK\$0.0074 per Share (in respect of 21,419,696 share options), or US\$0.0074 per Share (in respect of 28,078,914 share options) (equivalent to HK\$0.0579 per Share based on the exchange rate of HK\$1.00 to US\$0.1279). As no new Shares will be allotted by the Company to satisfy the Options, the grant of the Options is not governed by Chapter 17 of the Listing Rules.

No Option has been granted under the Post-IPO Share Option Scheme to a Director, chief executive or substantial shareholder of the Company or an associate of any of them (as defined in the Listing Rules) since its adoption and up to the date of this interim report.

The Company has not granted any Options to be satisfied by new Shares under the Post-IPO Share Option Scheme. Details of movements of the number of the Options to be satisfied by existing Shares held by the Nominee under the Post-IPO Share Option Scheme for the six months ended June 30, 2019 are set out below:

購股權乃於符合由僱員及本公司雙方協定的特定服 務歸屬條件後方會歸屬。本集團並無以現金購回或 結算購股權之法律或推定責任。

於二零一八年二月十五日,本公司已根據首次公開 發售後購股權計劃授出49,498,610份購股權,而於 獲行使時將僅以代名人持有的現有股份滿足,而不 會配發新股份以滿足該等購股權的需要。該等購股 權的歸屬期為三年,而歸屬時間表如下:於授出日 期起計十二個月歸屬33.33%,於授出日期起計二 十四個月歸屬33.33%,而於授出日期起計三十六 個月歸屬33.34%。行使價為每股股份0.0074港元 (就21,419,696份購股權而言)或每股股份0.0074 美 元(就28,078,914份 購 股 權 而 言)(根 據1.00港 元兌0.1279美元之匯率相等於每股股份0.0579港 元)。由於本公司不會配發新股份以滿足購股權的 需要,故授出購股權不受上市規則第17章規管。

自首次公開發售後購股權計劃採納後及直至本中期 報告,概無根據首次公開發售後購股權計劃向本公 司董事、行政總裁或主要股東或任何上述各方的聯 繫人士(定義見上市規則)授出購股權。

本公司未有根據首次公開發售後購股權計劃授出任 何將以新股份滿足行使的購股權。於截至二零一九 年六月三十日止六個月,首次公開發售後購股權計 劃項下將以代名人所持的現有股份滿足行使的購股 權數目變動如下:

Outstanding as at January 1, 2019 於二零一九年 一月一日	Exercised during the period	Cancelled during the period	Lapsed during the period	Outstanding as at June 30, 2019 於二零一九年 六月三十日	Exercise Price
尚未行使	已於期內行使	已於期內註銷	已於期內失效	尚未行使	行使價
42,655,123	0	0	(212,758)	42,442,365	HK\$0.0074 or US\$0.0074 0.0074港元或0.0074美元

Report on Review of Interim Financial Statements 中期財務報表之審閱報告

To the Board of Directors of Digital Hollywood Interactive Limited (incorporated in the Cayman Islands with limited liability)

Introduction

We have reviewed the interim financial statements set out on pages 31 to 76, which comprises the condensed consolidated balance sheet of Digital Hollywood Interactive Limited (the "Company") and its subsidiaries (together, the "Group") as at June 30, 2019 and the condensed consolidated statement of comprehensive income, the condensed consolidated statement of changes in equity and the condensed consolidated statement of cash flows for the six months then ended, and a summary of significant accounting policies and other explanatory notes. The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited require the preparation of a report on interim financial statements to be in compliance with the relevant provisions thereof and International Accounting Standard 34 "Interim Financial Reporting" issued by the International Auditing and Assurance Standards Board. The directors of the Company are responsible for the preparation and presentation of this interim financial statements in accordance with International Accounting Standard 34 "Interim Financial Reporting". Our responsibility is to express a conclusion on these interim financial statements based on our review and to report our conclusion solely to you, as a body, in accordance with our agreed terms of engagement and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial statements Performed by the Independent Auditor of the Entity" issued by the International Auditing and Assurance Standards Board. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

致遊萊互動集團有限公司董事會

(於開曼群島註冊成立之有限公司)

引言

本核數師(以下簡稱「我們」)已審閱列載於第31至 76頁的中期財務報表,此中期財務報表包括遊萊互 動集團有限公司(「貴公司」)及其附屬公司(以下 合稱「貴集團」)於二零一九年六月三十日的簡明合 併資產負債表與截至該日止六個月的簡明合併全面 收益表、簡明合併權益變動表及簡明合併現金流量 表,以及主要會計政策概要及其他解釋附註。香港 聯合交易所有限公司證券上市規則規定,就中期財 務報表編製的報告必須符合以上規則的有關條文以 及國際審計及鑒證準則理事會頒佈的國際會計準則 第34號「中期財務報告」。 貴公司董事須負責根據 國際會計準則第34號「中期財務報告」編製及列報 該等中期財務報表。我們的責任是根據我們的審閱 對該等中期財務報表作出結論,並按照委聘之條款 僅向整體董事會報告,除此之外本報告別無其他目 的。我們不會就本報告的內容向任何其他人士負上 或承擔任何責任。

審閱範圍

我們已根據國際審計及鑒證準則理事會頒佈的國際 審閱委聘準則第2410號「由實體的獨立核數師執行 中期財務報表審閱」進行審閱。審閱中期財務報表 包括主要向負責財務及會計事務的人員作出查詢, 及應用分析性及其他審閱程序。審閱的範圍遠較根 據國際審計準則進行審核的範圍為小,故不能令我 們可保證我們將知悉在審核中可能被發現的所有重 大事項。因此,我們不會發表審核意見。

Report on Review of Interim Financial Statements (Continued)

中期財務報表之審閱報告(續)

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the interim financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34 "Interim Financial Reporting".

結論

按照我們的審閱,我們並無發現任何事項,令我們 相信中期財務報表在各重大方面未有根據國際會計 準則第34號「中期財務報告」編製。

PricewaterhouseCoopers Certified Public Accountants

Hong Kong August 30, 2019

羅兵咸永道會計師事務所 執業會計師

香港 二零一九年八月三十日

CONDENSED CONSOLIDATED BALANCE SHEET

簡明合併資產負債表

As at June 30, 2019 於二零一九年六月三十日

			As at	As at
			June 30,	December 31,
			2019	2018
			於二零一九年	於二零一八年
			六月三十日	十二月三十一日
		Note	USD	USD
		附註	美元	美元
			(Unaudited)	(Audited)
			(未經審核)	(經審核)
Assets	資產
Non-current assets	非流動資產
Property, plant and equipment, net	物業、廠房及設備淨額	7	2,138,696	2,107,128
Right-of-use assets Intangible assets, net	使用權資產 無形資產淨額	8	1,950,998 2,218,327	– 2,316,324
Investment in an associate	於聯營公司的投資	11	–	640,233
Prepayments and other receivables	預付款及其他應收款項	14	3,696,385	4,342,699
Deferred income tax assets	遞延所得稅資產	12	123,702	173,875
Financial assets at fair value through	以公平值計量且其變動計入
other comprehensive income	其他全面收益的金融資產	9	1,905,366	2,670,518
			12,033,474	12,250,777
	流動資產
Current assets Contract costs	合約成本		688,874	695,396
Trade receivables	貿易應收款項	13	2,341,792	3,625,121
Prepayments and other receivables	預付款及其他應收款項	14	20,198,995	14,561,573
Cash and cash equivalents	現金及現金等價物		25,429,447	32,598,242
			48,659,108	51,480,332
Total assets	總資產		60,692,582	63,731,109
EQUITY AND LIABILITIES	權益及負債
Equity attributable to owners	本公司擁有人
of the Company	應佔權益
Share capital	股本	15	2,000,000	2,000,000
Shares held for the Share Option Scheme	就購股權計劃持有的股份	15	(150,000)	(150,000)
Reserves	儲備	16	38,539,712	38,282,476
Retained earnings	保留盈利		8,306,013	13,144,180
Total equity	總權益		48,695,725	53,276,656

CONDENSED CONSOLIDATED BALANCE SHEET (Continued)

簡明合併資產負債表(續)

As at June 30, 2019 於二零一九年六月三十日

			As at	As at
			June 30,	December 31,
			2019 於二零一九年	2018
			六月三十日	於二零一八年 十二月三十一日
		Note	USD	USD
		附註	美元	美元
			(Unaudited)	(Audited)
			(未經審核)	(經審核)
Liabilities	負債
Non-current liabilities	非流動負債
Lease liabilities	租賃負債		1,923,849	–
Deferred income tax liabilities	遞延所得稅負債	12	70,025	56,021
			1,993,874	56,021
Current liabilities	流動負債
Trade payables	貿易應付款項	18	3,486,066	3,177,289
Contract liabilities	合約負債		3,662,196	3,806,299
Lease liabilities	租賃負債		228,303	–
Receipt in advance	預收款項		175,874	136,193
Other payables and accruals	其他應付款項及應計費用		2,049,250	2,652,333
Current income tax liabilities	即期所得稅負債		401,294	626,318
			10,002,983	10,398,432
Total liabilities	總負債		11,996,857	10,454,453
Total equity and liabilities	總權益及負債		60,692,582	63,731,109
The above interim condensed consolidated balance sheet should be read in conjunction with the accompanying notes.		閱讀。	以上中期簡明合併資產負債表應與隨附的附註一併

The interim financial statements on pages 31 to 76 were approved by the Board of Directors on August 30, 2019 and were signed on its behalf.

第31至76頁的中期財務報表已由董事會於二零一九

年八月三十日批准並代為簽署。

Director Director 董事 董事

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 簡明合併全面收益表

For the six months ended June 30, 2019 截至二零一九年六月三十日止六個月

			Six months ended June 30,
			截至六月三十日止六個月
			2019	2018
			二零一九年	二零一八年
		Note	USD	USD
		附註	美元	美元
			(Unaudited)	(Unaudited)
			(未經審核)	(未經審核)
Revenue	收入	6	8,958,904	14,103,874
Cost of revenue	成本	20	(4,860,543)	(5,920,545)
Gross profit	毛利		4,098,361	8,183,329
Selling and marketing expenses	銷售及營銷開支	20	(1,935,402)	(2,565,375)
Administrative expenses	行政開支	20	(5,382,466)	(2,033,052)
Research and development expenses	研發開支	20	(731,754)	(584,118)
Impairment of investment in an associate	於聯營公司的投資之減值	20	(652,596)	–
Other gains, net	其他收益淨額	19	117,674	523,319
Operating (loss)/profit	經營(虧損)╱溢利		(4,486,183)	3,524,103
Finance income	財務收入	21	13,271	1,997
Finance costs	財務成本	21	(83,600)	(328,916)
Finance costs, net	財務成本淨額	21	(70,329)	(326,919)
Share of profit of an associate	分佔聯營公司的溢利		–	2,360
(Loss)/Profit before income tax	除所得稅前(虧損)╱溢利		(4,556,512)	3,199,544
Income tax expense	所得稅開支	22	(218,165)	(1,005,439)
(Loss)/Profit for the period	期內(虧損)╱溢利		(4,774,677)	2,194,105
Other comprehensive Income	其他全面收益
Items that may be reclassified subsequently to	可能於期後重新分類至
profit or loss	損益的項目
– Currency translation differences	-貨幣換算差額		113,952	(148,435)
Items that may not be reclassified	其後未必會重新分類至
subsequently to profit or loss	損益的項目
– Changes in fair value of investment in	-股本證券投資的
equity securities	公平值變動		(743,813)	–

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Continued)

簡明合併全面收益表(續)

For the six months ended June 30, 2019 截至二零一九年六月三十日止六個月

	Six months ended June 30,
截至六月三十日止六個月
2019	2018
二零一九年	二零一八年
Note USD	USD
附註 美元	美元
(Unaudited)	(Unaudited)
(未經審核)	(未經審核)
期內全面(虧損)╱ Total comprehensive (loss)/income
收益總額 for the period (5,404,538)	2,045,670
以下應佔(虧損)╱溢利: (Loss)/Profit attributable to:
本公司擁有人 Owners of the Company (4,774,677)	2,194,105
以下應佔全面(虧損)╱ Total comprehensive (loss)/income
收益總額: attributable to:
本公司擁有人 Owners of the Company (5,404,538)	2,045,670
每股(虧損)╱盈利 (Losses)/Earnings per share
(以每股美仙列示) 23 (expressed in USD cents per share)
– Basic -基本 (0.26)	0.12
-攤薄 – Diluted (0.26)	0.12
Dividends 股息 24 –	–

The above interim condensed consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.

以上中期簡明合併全面收益表應與隨附的附註一併 閱讀。

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明合併權益變動表

For the six months ended June 30, 2019 截至二零一九年六月三十日止六個月

			Attributable to owners of the Company 本公司擁有人應佔
				Shares held for
				the Share
(Unaudited)			Share capital	Option Scheme	Reserves	Retained earnings	Total
				就購股權計劃
(未經審核)			股本	持有的股份	儲備	保留盈利	總計
		Note	USD	USD	USD	USD	USD
		附註	美元	美元	美元	美元	美元
Balance at January 1, 2019	於二零一九年一月一日的結餘		2,000,000	(150,000)	38,282,476	13,144,180	53,276,656
Change in accounting policy	會計政策之變動	3(b)	–	–	–	(63,490)	(63,490)
Restated total equity at January 1, 2019	於二零一九年一月一日重列之總權益		2,000,000	(150,000)	38,282,476	13,080,690	53,213,166
Loss for the period	期內虧損		–	–	–	(4,774,677)	(4,774,677)
Other comprehensive income	其他全面收益
– net losses from changes in fair value of	-以公平值計量且其變動計入
financial assets at fair value through	其他全面收益的金融資產的
other comprehensive income	公平值變動虧損淨額		–	–	(743,813)	–	(743,813)
– currency translation differences	-貨幣換算差額	16	–	–	113,952	–	113,952
Total comprehensive loss for the period	期內全面虧損總額		–	–	(629,861)	(4,774,677)	(5,404,538)
Transaction with owners in their	與擁有人(以擁有人身份)
capacity as owners	的交易
The Share Option Scheme	購股權計劃
– value of employee services	-僱員服務的價值	16	–	–	887,097	–	887,097
Balance at June 30, 2019	於二零一九年六月三十日的結餘		2,000,000	(150,000)	38,539,712	8,306,013	48,695,725

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Continued)

簡明合併權益變動表(續)

For the six months ended June 30, 2019 截至二零一九年六月三十日止六個月

			Attributable to owners of the Company
			本公司擁有人應佔
				Shares
				held for
				the Share
			Share	Option		Retained
(Unaudited)			capital	Scheme 就購股權計劃	Reserves	earnings	Total
(未經審核)			股本	持有的股份	儲備	保留盈利	總計
		Note	USD	USD	USD	USD	USD
		附註	美元	美元	美元	美元	美元
Balance at January 1, 2018	於二零一八年一月一日的結餘		2,000,000	(150,000)	35,933,689	12,279,521	50,063,210
Profit for the period	期內溢利		–	–	–	2,194,105	2,194,105
Other comprehensive income	其他全面收益
– currency translation differences	-貨幣換算差額	16	–	–	(148,435)	–	(148,435)
Total comprehensive income	期內全面收益總額
for the period			–	–	(148,435)	2,194,105	2,045,670
Transaction with owners in their	與擁有人(以擁有人身份)
capacity as owners	的交易
Appropriation to statutory reserves	轉撥至法定儲備	16(a)	–	–	159,542	(159,542)	–
The Share Option Scheme	購股權計劃
– value of employee services	-僱員服務的價值	16	–	–	1,118,861	–	1,118,861
Balance at June 30, 2018	於二零一八年六月三十日的結餘		2,000,000	(150,000)	37,063,657	14,314,084	53,227,741

The above interim condensed consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

以上中期簡明合併權益變動表應與隨附的附註一併 閱讀。

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明合併現金流量表

For the six months ended June 30, 2019 截至二零一九年六月三十日止六個月

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Cash flows from operating activities	來自經營活動的現金流量
Cash generated from operations	經營所得現金	(6,118,136)	2,691,975
Interest received	已收利息	13,271	–
Interest paid	已付利息	(54,018)	–
Income tax paid	已付所得稅	(368,363)	(617,733)
Net cash (used in)/generated from	經營活動(所用)╱
operating activities	所得現金淨額	(6,527,246)	2,074,242
Cash flows from investing activities	來自投資活動的現金流量
Purchases of property, plant and equipment	購買物業、廠房及設備	(215,661)	(1,938,489)
Purchases of intangible assets	購置無形資產	(276,589)	(2,415,775)
Prepayment for investment	投資預付款	–	(3,500,000)
Net cash used in investing activities	投資活動所用現金淨額	(492,250)	(7,854,264)
Cash flows from financing activities	來自融資活動的現金流量
Payment for IPO costs	首次公開發售成本付款	(19,327)	(240,499)
Principal elements of lease payments	租賃付款的本金成份	(116,387)	–
Net cash used in financing activities	融資活動所用現金淨額	(135,714)	(240,499)
Net decrease in cash and cash equivalents	現金及現金等價物減少淨額	(7,155,210)	(6,020,521)
Cash and cash equivalents at beginning of period	期初的現金及現金等價物	32,598,242	43,997,614
Exchange losses on cash and cash equivalents	現金及現金等價物的匯兌虧損	(13,585)	(316,740)
Cash and cash equivalents at end of the period	期末的現金及現金等價物	25,429,447	37,660,353

The above interim condensed consolidated statement of cash flows should be read in conjunction with the accompanying notes.

以上中期簡明合併現金流量表應與隨附的附註一併 閱讀。

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 中期簡明合併財務報表附註

1 General information

Digital Hollywood Interactive Limited (the "Company") was incorporated in the Cayman Islands on November 24, 2014 as an exempted company with limited liability. The address of the Company's registered office is Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands.

The Company is an investment holding company. The Company and its subsidiaries (together, the "Group") are principally engaged in the development, operations and publishing of web-based games and mobile games business ("Game Business") in North America, Europe, The People's Republic of China (the "PRC") and other regions.

The financial statements are presented in the United States Dollars ("USD"), unless otherwise stated, and have been approved for issue by the Company's Board of Directors on August 30, 2019.

2 Basis of preparation

This condensed consolidated interim financial statements for the six months ended June 30, 2019 has been prepared in accordance with International Accounting Standard ("IAS") 34, "Interim financial reporting". The condensed consolidated interim financial statements should be read in conjunction with the annual financial statements for the year ended December 31, 2018, which have been prepared in accordance with International Financial Reporting Standards ("IFRSs").

1 一般資料

遊萊互動集團有限公司(「本公司」)於二零一 四年十一月二十四日在開曼群島註冊成立為 獲豁免有限公司。本公司的註冊辦事處地址 為Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman KY1-1111 Cayman Islands。

本公司為一家投資控股公司。本公司及其附 屬公司(統稱為「本集團」)主要於北美洲、歐 洲、中華人民共和國(「中國」)及其他地區從 事網頁遊戲及手機遊戲的開發、經營及發行業 務(「遊戲業務」)。

除另有指定外,財務報表以美元(「美元」)呈 列,並已於二零一九年八月三十日由本公司董 事會批准刊發。

2 編製基準

截至二零一九年六月三十日止六個月的中期簡 明綜合財務報表乃按國際會計準則(「國際會 計準則」)第34號「中期財務報告」編製。中期 簡明綜合財務報表應與截至二零一八年十二月 三十一日止年度的全年財務報表一併閱讀,而 後者乃按國際財務報告準則(「國際財務報告 準則」)編製。

中期簡明合併財務報表附註(續)

3 Change of accounting policies

The accounting policies applied are consistent with those of the annual financial statements for the year ended December 31, 2018, as described in those annual financial statements, except for the following:

(a) The following amendments to standards have been adopted by the Group for the first time for the financial year beginning on or after January 1, 2019:

3 會計政策變動

所應用的會計政策與截至二零一八年十二月三 十一日止年度的全年財務報表所使用並在該等 財務報表所述者一致,惟以下會計政策除外:

(a) 以下準則的修訂由本集團於 二零一九年一月一日或之後 開始的財政年度首次採納:

Annual Improvements to IFRSs 2015-2017 Cycle	Previously held interest in a joint operation, income tax consequences of payments on financial instruments	January 1, 2019
	classified as equity and borrowing costs eligible for
	capitalisation
國際財務報告準則二零一五年至	過往在合營業務中持有的權益、就分類為權益的金融工具	二零一九年一月一日
二零一七年週期的年度改進	付款的所得稅後果,以及合資格資本化的借貸成本
IAS 19(Amendments)	Plan Amendment, Curtailment or settlement	January 1, 2019
國際會計準則第19號(修訂版)	計劃修訂、削減或結算	二零一九年一月一日
IAS 28(Amendments)	Long-term Interests in Associates and Joint Ventures	January 1, 2019
國際會計準則第28號(修訂版)	於聯營公司及合營企業的長期權益	二零一九年一月一日
IFRIC 23	Uncertainty over Income Tax Treatments	January 1, 2019
國際財務報告詮釋委員會詮釋第23號	所得稅處理的不確定性	二零一九年一月一日
IFRS 16	Leases	January 1, 2019
國際財務報告準則第16號	租賃	二零一九年一月一日

Amendments to IFRSs effective for the financial year beginning on or after January 1, 2019 do not have a material impact on the Group's accounting policies and did not require retrospective adjustments, except for IFRS 16. The impact of the adoption of IFRS 16 are disclosed in note (b) below.

於二零一九年一月一日或之後開始的財 政年度生效的國際財務報告準則的修 訂,除國際財務報告準則第16號外,對 本集團的會計政策並無重大影響,亦無 需作出追溯調整。採納國際財務報告準 則第16號的影響在下文附註(b)披露。

中期簡明合併財務報表附註(續)

3 會計政策變動(續) 3 Change of accounting policies (Continued)

(b) Impact of adoption of IFRS 16

The group has adopted IFRS 16 retrospectively from January 1, 2019, but has not restated comparatives for the 2018 reporting period, as permitted under the specific transitional provisions in the standard. The reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on January 1, 2019.

(i) Adjustments recognised on adoption of IFRS 16

On adoption of IFRS 16, the group recognised lease liabilities in relation to leases which had previously been classified as 'operating leases' under the principles of IAS 17 Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of January 1, 2019. The weighted average lessee's incremental borrowing rate applied to the lease liabilities on January 1, 2019 were 5.6% for leases below 5 years (inclusive) and 5.8% for leases over 5 years.

(b) 採納國際財務報告準則第16 號之影響

本集團自二零一九年一月一日起追溯採 用國際財務報告準則第16號,但未根據 準則中的特定過渡性條文所允許對二零 一八年報告期間的比較數字進行重列。 因此,新租賃規則所產生的重新分類及 調整於二零一九年一月一日的期初資產 負債表中確認。

(i) 於採納國際財務報告準則第16 號時確認的調整

於採納國際財務報告準則第16號 時,本集團已就先前根據國際會計 準則第17號租賃的原則分類為「經 營租賃」的租賃確認租賃負債。該 等負債按剩餘租賃付款的現值計 量,並使用承租人於二零一九年一 月一日的增量借款利率貼現。於二 零一九年一月一日適用於該等租賃 負債的加權平均承租人增量借款 利率,就5年或以下的租賃而言為 5.6%,而就5年以上的租賃而言為 5.8%。

中期簡明合併財務報表附註(續)

3	Change (Continued)	of accounting	policies	3	會計政策變動(續)
		(b) Impact of adoption of IFRS 16 (Continued)			(b) 採納國際財務報告準則第16 號之影響(續)
	(i) (Continued)	Adjustments recognised on adoption of IFRS 16		(i)	於採納國際財務報告準則第16 號時確認的調整(續)
					2018 二零一八年 USD 美元
		Operating lease commitments disclosed as at		於二零一八年十二月三十一日
		December 31, 2018		披露的經營租賃承擔	2,877,310
		Discounted using the lessee's incremental		使用承租人於首次應用日期的
		borrowing rate of at the date of initial application		增量借款利率貼現	2,295,267
		Less: short-term leases recognised on a		減:以直線法將短期租賃
		straight-line basis as expense		確認為開支	(28,461)
		Lease liability recognised as at		於二零一九年一月一日
		January 1, 2019		確認的租賃負債	2,266,806
		Of which are:		其中為:
		Current lease liabilities		流動租賃負債	224,760
		Non-current lease liabilities		非流動租賃負債	2,042,046
					2,266,806

中期簡明合併財務報表附註(續)

3 會計政策變動(續) 3 Change of accounting policies (Continued)

(b) Impact of adoption of IFRS 16 (Continued)

(i) Adjustments recognised on adoption of IFRS 16 (Continued)

The associated right-of-use assets for property leases were measured on a retrospective basis as if the new rules had always been applied. There were no onerous lease contracts that would have required an adjustment to the right-of-use assets at the date of initial application.

The recognised right-of-use assets relate to the following type of assets:

• (b) 採納國際財務報告準則第16 號之影響(續)
• (i) 於採納國際財務報告準則第16 號時確認的調整(續)

有關物業租賃的相關使用權資產按 追溯基準確認,猶如經已應用新規 則。概無須要對於首次應用日期 的使用權資產作調整的繁重租賃合 約。

確認的使用權資產與以下資產種類 有關:

As at June 30,	As at January 1,
2019	2019
於二零一九年	於二零一九年
六月三十日	一月一日
USD	USD
美元	美元

Properties	物業	1,950,998	2,090,782
items in the balance sheet on January 1, 2019:	The change in accounting policy affected the following		會計政策變動影響下列於二零一九 年一月一日的資產負債表項目:
•	right-of-use assets – increase by USD2,090,782	• 使	用 權 資 產-增 加 2,090,782美元
•	lease liabilities – increase by USD2,266,806	• 美元	租賃負債-增加2,266,806
• USD112,534	Other payables and accruals -decrease by	•	其他應付款項及應計費用- 減少112,534美元
was a decrease of USD63,490.	The net impact on retained earnings on January 1, 2019		對於二零一九年一月一日的保留盈 利的淨影響為減少63,490美元。

中期簡明合併財務報表附註(續)

3 會計政策變動(續) 3 Change of accounting policies (Continued)

(b) Impact of adoption of IFRS 16 (Continued)

(ii) The group's leasing activities and how these are accounted for

The group leases various offices. Rental contracts are typically made for fixed periods of 1 to 9 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants, but leased assets may not be used as security for borrowing purposes.

By December 31, 2018, leases of property, plant and equipment were classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on a straight-line basis over the period of the lease.

From January 1, 2019, leases are recognised as a rightof-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the fixed payments (including in-substance fixed payments) less any lease incentives receivable.

• (b) 採納國際財務報告準則第16 號之影響(續)
• (ii) 本集團的租賃活動及其會計方 法

本集團租賃多間辦公室。租約一般 固定為期1至9年。租賃條款按個別 基準協商且包含多種不同條款及條 件。租賃協議並無施加任何契約, 惟租賃資產不得用作借款的擔保 品。

截至二零一八年十二月三十一日, 物業、廠房及設備租賃分類為經營 租賃。根據經營租賃作出的付款 (經扣除從出租人收取的任何獎勵) 於租賃期內以直線法自損益扣除。

自二零一九年一月一日起,租賃於 租賃資產可供本集團使用之日確認 為使用權資產及相應負債。每筆 租賃付款在負債及融資成本之間作 分配。融資成本於租期內自損益扣 除,藉此制定各期間負債結餘的固 定週期利率。使用權資產按資產可 使用年期或租期(以較短者為準) 以直線法折舊。

租賃產生的資產及負債初步按現值 計量。租賃負債包括固定付款(包 括實質固定付款)減任何收取的租 賃獎勵的淨現值。

中期簡明合併財務報表附註(續)

3 會計政策變動(續) 3 Change of accounting policies (Continued)

(b) Impact of adoption of IFRS 16 (Continued)

(ii) The group's leasing activities and how these are accounted for (Continued)

The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee's incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions.

Right-of-use assets are measured at cost comprising the following:

• the amount of the initial measurement of lease liability
• any lease payments made at or before the commencement date less any lease incentives received

Payments associated with short-term leases are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.

• (b) 採納國際財務報告準則第16 號之影響(續)
• (ii) 本集團的租賃活動及其會計方 法(續)

租賃付款採用租賃隱含的利率貼 現。倘無法釐定該利率,則使用承 租人的增量借款利率,即承租人在 類似經濟環境中按類似條款及條件 借入獲得類似價值資產所需資金所 須支付的利率。

使用權資產按成本計量,包括以下 各項:

• 租賃負債的初步計量金額
• 於開始日期或之前所作的任 何租賃付款,減任何收取的 租賃獎勵

與短期租賃相關的付款以直線法於 損益確認為開支。短期租賃指租賃 期為12個月或以下的租賃。

中期簡明合併財務報表附註(續)

3 會計政策變動(續) 3 Change of accounting policies (Continued)

• (c) The f ollowing ne w s ta nda r ds a nd amendments to existing standards have been issued but are not effective for the financial year beginning January 1, 2019 and have not been early adopted:
• (c) 以下新準則及現有準則的修 訂經已頒佈但於二零一九年 一月一日開始的財政年度尚
• 未生效而未有提早採納:

Effective for annual periods beginning

		on or after
		於下列日期開始的
		年度期間生效
Conceptual Framework for	Revised conceptual framework for	January 1, 2020
Financial Reporting 2018	financial reporting
二零一八年財務報告概念框架	經修訂財務報告概念框架	二零二零年一月一日
IFRS 3 (Amendment)	Definition of a Business	January 1, 2020
國際財務報告準則第3號(修訂)	業務的定義	二零二零年一月一日
IAS 1 and IAS 8 (Amendment)	Definition of Material	January 1, 2020
國際會計準則第1號及國際會計準則第8號(修訂) 重要的定義		二零二零年一月一日
IFRS 10 and IAS 28	Sale or Contribution of Assets between an	To be determined
(Amendments) (Note(i))	Investor and its Associate or Joint Venture
國際財務報告準則第10號及	投資者與其聯營公司及合營企業之間資產	待定
國際會計準則第28號(修訂)(附註(i))	出售或注資

• (i) The Group has already commenced an assessment of the impact of these new or revised standards, and amendments, certain of which are relevant to the Group's operations. According to the preliminary assessment made by the directors, no significant impact on the financial performance and positions of the Group is expected when they become effective.
• (i) 本集團已開始評估該等新訂或經修 訂準則及修訂(部份與本集團的業 務相關)的影響。根據董事作出的 初步評估,於上述準則及修訂生效 時,預期對本集團的財務表現及狀 況並無重大影響。

中期簡明合併財務報表附註(續)

4 Estimates

The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.

In preparing this interim condensed consolidated financial statements, the significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements for the year ended December 31, 2018.

5 Financial risk management and financial instruments

5.1 Financial risk factors

The Group's activities expose it to a variety of financial risks: market risk (including currency risk and interest rate risk), credit risk and liquidity risk.

The interim condensed consolidated financial statements do not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual financial statements as at December 31, 2018.

There have been no changes in the risk management department or in any risk management policies since the year end.

4 估計

中期財務報表的編製須要管理層作出判斷、估 計及假設,而會影響會計政策的應用及資產與 負債、收入及開支的列報金額。實際結果可能 會與該等估計出現差別。

在編製本中期簡明合併財務報表時,管理層在 應用本集團會計政策過程中所作的重要判斷以 及估計不確定性的主要來源,與適用於截至二 零一八年十二月三十一日止年度的合併財務報 表者相同。

5 財務風險管理及金融工具

5.1 財務風險因素

本集團的活動涉及多種財務風險:市場 風險(包括貨幣風險及利率風險)、信貸 風險及流動資金風險。

中期簡明合併財務報表並無載列全年財 務報表所需的所有財務風險管理資料及 披露,故應與本集團截至二零一八年十 二月三十一日的全年財務報表一併閱讀。

自年末起,風險管理部門或任何風險管 理政策並無變動。

中期簡明合併財務報表附註(續)

5 財務風險管理及金融工具(續) 5 Financial risk management and financial instruments (Continued)

5.2 Liquidity risk

The Group aims to maintain sufficient cash and cash equivalents. Due to the dynamic nature of the underlying businesses, the Group's finance department maintains flexibility in funding by maintaining adequate cash and cash equivalents.

The table below analyses the Group's non-derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

5.2 流動資金風險

本集團旨在保持足夠的現金及現金等價 物。由於相關業務的動態性質,本集團 的財務部透過保持足夠的現金及現金等 價物,以維持資金靈活性。

下表按於結算日至合約到期日的剩餘期 間分析本集團按相關到期組別劃分的非 衍生金融負債。表內披露的金額為合約 未貼現現金流量。

		Less than 1 year 少於1年 USD 美元	Between 1 year and 2 years 1年至2年 USD 美元	Between 2 year and 5 years 2年至5年 USD 美元	Total 總計 USD 美元
At June 30, 2019 Trade and other payables and accruals (excluding salary and staff welfare payables and taxes payable)	於二零一九年六月三十日 貿易及其他應付款項及應計 費用(不包括應付薪金及 員工福利及應繳稅項)	4,016,130	169,694	480,693	4,666,517
At December 31, 2018 Trade and other payables and accruals (excluding salary and staff welfare payables and taxes payable)	於二零一八年六月三十日 貿易及其他應付款項及應計 費用(不包括應付薪金及 員工福利及應繳稅項)	3,837,631	350,284	459,022	4,646,937

5.3 Fair value estimation

The Group's financial instruments are carried at fair value as at balance sheet dates, by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorised into three levels within a fair value hierarchy as follows:

5.3 公平值估算

本集團的金融工具乃根據用以計量公平 值的估值法的輸入值等級按結算日的公 平值列賬。該等輸入值於公平值等級制 內分類為三個等級如下:

中期簡明合併財務報表附註(續)

5 Financial risk management and financial instruments (Continued)

5.3 Fair value estimation (Continued)

• Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).
• Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).
• Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).

No asset instruments carried are categorised in level 2 or level 3 for the six months ended June 30, 2019. The following table presents the Group's financial instruments that are measured at fair value using level 1 inputs:

5 財務風險管理及金融工具(續)

5.3 公平值估算(續)

• 相同資產或負債於活躍市場的報價 (未經調整)(第一級)。
• 該資產或負債的可觀察輸入值(不 包括第一級所包括的報價),不論 直接(即價格)或間接(即源自價 格)(第二級)。
• 就該資產或負債而非基於可觀察的 市場數據的輸入值(即不可觀察輸 入值)(第三級)。

截至二零一九年十二月三十一日止年 度,並無結轉的資產工具分類為第二級 或第三級。下表列示本集團使用第一級 輸入值按公平值計量的金融工具:

		As at	As at
		June 30,	December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
Financial assets	金融資產
– Financial assets at	-按公平值計量且其變動計入
FVOCI (Note 9)	其他全面收益的金融資產(附註9)	1,905,366	2,670,518

The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet dates. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm's length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1.

於活躍市場買賣的金融工具的公平值乃 按於結算日的市場報價計算。倘報價隨 時及定期可從交易所、交易商、經紀 行、行業團體、定價服務,或監管機關 取得,而該等價格代表按公平原則實際 及定期發生的市場交易,則市場被視為 活躍。就本集團所持有的金融資產採用 的市場報價乃指當前買入價。該等工具 計入第一級內。

中期簡明合併財務報表附註(續)

5 財務風險管理及金融工具(續) 5 Financial risk management and financial instruments (Continued)

5.3 Fair value estimation (Continued)

The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in level 2.

If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Specific valuation techniques used to value financial instruments include:

• Dealer quotes for similar instruments; and
• The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves; and
• Other techniques, such as discounted cash flow analysis, are used to determine fair value for financial instruments.

5.3 公平值估算(續)

並非於活躍市場買賣的金融工具的公平 值乃採用估值法釐定。該等估值法盡量 使用可觀察的市場數據(如有)及盡可 能不依賴實體特定估計。倘評估金融工 具公平值所需的所有重大輸入值均可觀 察,該工具則計入第二級內。

倘一項或以上的重大輸入值並非基於可 觀察的市場數據,該工具計入第三級內。

用於評估金融工具價值的具體估值法包 括:

• 交易商就同類工具的報價;及
• 利率掉期的公平值乃根據可觀察的 孳息曲線,計算為估計未來現金流 量的現值;及
• 其他方法,如貼現現金流量分析, 乃用於釐定金融工具的公平值。

中期簡明合併財務報表附註(續)

6 Revenue and segment information

6 收入及分部資料

		Six months ended June 30,
			截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Service	服務
Online game revenue	網絡遊戲收入	8,881,414	11,438,835
Licensing revenue	特許權收入	73,333	2,656,100
Server rental revenue	伺服器租賃收入	–	4,079
Advertising revenue	廣告收入	4,157	4,860
		8,958,904	14,103,874

For management purpose, the executive directors of the Company consider that the Group generates revenue primarily from the provision of game services. The executive directors of the Company review the operating results of the business as one segment to make strategic decisions about resources to be allocated. Therefore, the executive directors of the Company consider that there is only one segment of the Group.

就管理目的而言,本公司執行董事認為本集團 主要通過提供遊戲服務產生收入。本公司執行 董事將業務作為一個分部而審閱經營業績,以 作出有關資源分配的策略性決定。因此,本公 司執行董事認為本集團僅有一個分部。

中期簡明合併財務報表附註(續)

Property , plant	and equipment		7	物業、廠房及設備
(Unaudited)		Office equipment 辦公室設備 USD	Computers 電腦 USD	Leasehold improvements 租賃物業裝修 USD	Motor vehicles 汽車 USD	Total 總計 USD
(未經審核)		美元	美元	美元	美元	美元
Six months ended June 30, 2019	截至二零一九年六月三十日止六個月
Opening net book amount	期初賬面淨值	43,479	142,376	1,921,273	–	2,107,128
Additions	添置	2,248	7,063	88,852	109,137	207,300
Depreciation charge	折舊費用	(13,087)	(31,612)	(135,054)	(7,276)	(187,029)
Currency translation differences	貨幣換算差額	372	964	9,961	–	11,297
Closing net book amount	期末賬面淨值	33,012	118,791	1,885,032	101,861	2,138,696
At June 30, 2019	於二零一九年六月三十日
Cost	成本	113,625	408,699	2,177,855	109,137	2,809,316
Accumulated depreciation	累計折舊	(80,613)	(289,908)	(292,823)	(7,276)	(670,620)
Net book amount	賬面淨值	33,012	118,791	1,885,032	101,861	2,138,696
		Office			Leasehold
		equipment		Computers	improvements	Total
		辦公室設備		電腦	租賃物業裝修	總計
(Unaudited)		USD		USD	USD	USD
(未經審核)		美元		美元	美元	美元
Six months ended June 30, 2018	截至二零一八年六月三十日止六個月
Opening net book amount	期初賬面淨值	32,231		106,344	132,017	270,592
Additions	添置	9,830		77,830	2,100,909	2,188,569
Depreciation charge	折舊費用	(2,302)		(9,258)	(242,109)	(253,669)
Currency translation differences	貨幣換算差額	(825)		(3,953)	(21,819)	(26,597)
Closing net book amount	期末賬面淨值	38,934		170,963	1,968,998	2,178,895
At June 30, 2018	於二零一八年六月三十日
Cost	成本	99,253		384,604	2,468,429	2,952,286
Accumulated depreciation	累計折舊	(60,319)		(213,641)	(499,431)	(773,391)
Net book amount	賬面淨值	38,934		170,963	1,968,998	2,178,895

中期簡明合併財務報表附註(續)

8 Intangible assets 8 無形資產

中期簡明合併財務報表附註(續)

9 Financial assets at fair value through other comprehensive income

Financial assets at fair value through other comprehensive income ("FVOCI") comprise:

• (i) Equity securities which are not held for trading, and which the Group has irrevocably elected at initial recognition to recognise in this category. These are strategic investments and the Group considers this classification to be more relevant.
• (ii) Debt securities where the contractual cash flows are solely principal and interest and the objective of the Group's business model is achieved both by collecting contractual cash flows and selling financial assets.

Equity investments at fair value through other comprehensive income

Equity investments at FVOCI comprise the following investment:

9 按公平值計量且其變動計入其 他全面收益的金融資產

按公平值計量且其變動計入其他全面收益的金 融資產包括:

• (i) 並非持作買賣且本集團已於初始確認時 不可撤回地選擇在此類別內確認的股本 證券。此等證券乃策略性投資,而本集 團認為此類別更為適切。
• (ii) 合約現金流量純粹為本金及利息的債券 證券,而本集團的業務模式乃透過收取 合約現金流量及出售金融資產而達致。

於按公平值計量且其變動計入其 他全面收益的股本投資

於按公平值計量且其變動計入其他全面收益的 股本投資包括以下投資:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
Non-current assets	非流動資產
Listed securities	上市證券
FingerTango Inc. (Note a)	指尖悅動控股有限公司(附註a)	1,905,366	2,670,518

中期簡明合併財務報表附註(續)

9 Financial assets at fair value through other comprehensive income (Continued)

Equity investments at fair value through other comprehensive income (Continued)

(a) The Group acquired approximately 0.6% of the common stocks of FingerTango Inc., a company listed in Hong Kong which is principally engaged in the development, operation and publishing mobile game business in the PRC.

The following table presents the changes in FVOCI:

9 按公平值計量且其變動計入其 他全面收益的金融資產(續)

於按公平值計量且其變動計入其 他全面收益的股本投資(續)

(a) 本集團已收購指尖悅動控股有限公司約 0.6%的普通股。該公司在香港上市,主 要在中國從事開發、營運及發行手機遊 戲業務。

下表呈列按公平值計量且其變動計入其 他全面收益的金融資產之變動:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
Opening balance	期初結餘	2,670,518	–
Addition	添置	–	2,559,607
(Loss)/Gain recognised in other	於其他全面收益
comprehensive income	確認的(虧損)╱收益	(765,152)	110,911
Closing balance	期末結餘	1,905,366	2,670,518

During the six months ended June 30, 2019, the Group did not have any investment in debt securities.

於截至二零一九年六月三十日止六個 月,本集團並無任何債務證券投資。

中期簡明合併財務報表附註(續)

10 按類別劃分的金融工具 10 Financial instruments by categories

				As at June 30, As at December 31,
			2019	2018
			於二零一九年	於二零一八年
			六月三十日	十二月三十一日
		Note	USD	USD
		附註	美元	美元
			(Unaudited)	(Audited)
			(未經審核)	(經審核)
Financial assets	金融資產
Financial assets at amortised cost	按攤銷成本計量的金融資產
– Trade and other receivables	-貿易及其他應收款項
(excluding prepayments and	(不包括預付款及按金)
deposits)		13, 14	15,992,339	16,644,000
– Cash and cash equivalents	-現金及現金等價物		25,429,447	32,598,242
			41,421,786	49,242,242
Financial asset at fair value through	按公平值計量且其變動計入
other comprehensive income	其他全面收益的金融資產
– Investment in equity securities	-於股本證券的投資	9	1,905,366	2,670,518
Financial liabilities	金融負債
Liabilities at amortised cost	按攤銷成本計量的負債
– Trade and other payables and	-貿易及其他應付款項和應
accruals (excluding salary and	計費用(不包括應付薪金
staff welfare payables and taxes	及員工福利及應繳稅項)
payable) (Note (a))	(附註(a))	18	4,666,517	4,646,937

(a) Excluding non-financial liabilities

(a) 不包括非金融負債

中期簡明合併財務報表附註(續)

11 Investment in an associate

11 於聯營公司的投資

The amounts recognised in the balance sheet are as follows:

於資產負債表內確認的金額如下:

		As at December 31,
		2018
		於二零一八年
		十二月三十一日
		USD
	美元	美元
		(Audited)
	(未經審核)	(經審核)
聯營公司	–	640,233
於損益表內確認的
溢利╱(虧損)如下:
聯營公司溢利╱(虧損)		3,355
		As at June 30, 2019 於二零一九年 六月三十日 USD (Unaudited) –

Investment in an associate

Set out below are the details of the associate of the Group. The associate as listed below has share capital consisting solely of registered capital, which is held directly by the Group.

Details of investment in an associate as at June 30, 2019 and December 31, 2018:

於聯營公司的投資

以下載列本集團聯營公司的資料。下文所列聯 營公司的股本僅包括註冊股本,有關註冊股本 由本集團直接持有。

於二零一九年六月三十日及二零一八年十二月 三十一日於一家聯營公司的投資詳情:

	Place of
	business/	% of
	country of	ownership	Nature of the	Measurement
Name of entity	incorporation	interest	relationship	method
	營業地點╱	所有權權益
實體名稱	註冊成立國家	百分比(%)	關係性質	計量方法
上海集鷹科技有限公司(Shanghai Jiying	The PRC	20	(i) and(ii)	Equity
Technology Company Limited,
"Shanghai Jiying")
上海集鷹科技有限公司(「上海集鷹」)	中國	20	(i)及(ii)	權益

中期簡明合併財務報表附註(續)

11 Investment in an associate (Continued) Investment in an associate (Continued)

(i) The Group has designated a member in the Board of Directors which enables the Group to exercise significant influence in Shanghai Jiying through the participation in operational, investing and financing actions. Consequently, Shanghai Jiying has been accounted for as an associate.

Shanghai Jiying is a private company engaged in game operation and there is no quoted market price available for its equity.

(ii) There were no contingent liabilities relating to the Group's interest in the associate.

Movement of investment in associate is analysed as follows:

11 於聯營公司的投資(續) 於聯營公司的投資(續)

(i) 本集團已於董事會指派一名成員,使本 集團可透過參與營運、投資及融資行動 於上海集鷹行使重大影響力。因此,上 海集鷹已列作一家聯營公司入賬。

上海集鷹為一家從事遊戲營運的私營公 司,其股票並無市場報價。

(ii) 概無涉及本集團於聯營公司的權益的或 然負債。

於聯營公司的投資的變動分析如下:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
At beginning of period	期初	640,233	681,625
Share of profit/(losses)	所佔溢利╱(虧損)	–	3,355
Impairment charge (Note (a))	減值開支(附註(a))	(652,596)	–
Currency translation differences	貨幣換算差額	12,363	(44,747)
Carrying value	賬面值	–	640,233

(a) Full impairment of investment of USD652,596 was made during the six months ended June 30, 2019, because the Group did not anticipate any future cash flow generated from Shanghai Jiying's operation as the entity has substantially wound down its operations. As a result, an impairment charge of USD261,000 was also made against the full amount of a prepaid royalty fee to Shanghai Jiying (Note 20(a)).

(a) 於截至二零一九年六月三十日止六個月 作出全數投資減值652,596美元,原因 為上海集鷹已大幅縮減經營規模,故本 集團並不預計會從上海集鷹的營運中產 生任何未來現金流量。因此,對預付予 上海集鷹的版權費作出全數減值開支 261,000美元(附註20(a))。

中期簡明合併財務報表附註(續)

12 Deferred income tax 12 遞延所得稅

		(Unaudited)
		(未經審核)
		Deferred income	Deferred income
		tax assets	tax liabilities
		遞延所得稅資產	遞延所得稅負債
		USD	USD
		美元	美元
As at January 1, 2019	於二零一九年一月一日	173,875	(56,021)
Recognised in profit or loss (Note 22)	於損益中確認(附註22)	(51,550)	(35,693)
Recognised in other comprehensive income	於其他全面收益確認	–	21,339
Currency translation differences	貨幣換算差額	1,377	350
As at June 30, 2019	於二零一九年六月三十日	123,702	(70,025)
As at January 1, 2018	於二零一八年一月一日	239,452	(43,573)
Recognised in profit or loss (Note 22)	於損益中確認(附註22)	25,474	(30,535)
Currency translation differences	貨幣換算差額	(1,845)	236
As at June 30, 2018	於二零一八年六月三十日	263,081	(73,872)

中期簡明合併財務報表附註(續)

13 Trade receivables

13 貿易應收款項

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
Trade receivables	貿易應收款項	5,303,664	5,260,697
Less: allowance for impairment of trade	減:貿易應收款項
receivables	減值撥備	(2,961,872)	(1,635,576)
		2,341,792	3,625,121

Trade receivables are arising from the development and operation of online game business. The credit terms of trade receivables granted to the Platforms and third party payment vendors are usually zero to 120 days and zero to 30 days, respectively. Aging analysis based on invoice date of the gross trade receivables at the respective balance sheet dates is as follows:

貿易應收款項來自網絡遊戲業務的開發及營 運。授予平台及第三方付款服務供應商的貿易 應收款項信貸期通常分別為零至120日及零至 30日。於各有關結算日基於貿易應收款項總 額發票日期的賬齡分析如下:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
0-30 days	0至30日	1,499,211	1,085,622
31-90 days	31至90日	322,121	1,106,756
91-180 days	91至180日	862,999	764,506
Over 180 days	超過180日	2,619,333	2,303,813
		5,303,664	5,260,697

中期簡明合併財務報表附註(續)

13 Trade receivables (Continued)

Movements in the provision for impairment of trade receivables that are assessed for impairment collectively are as follows:

13 貿易應收款項(續)

整體進行減值評估的貿易應收款項之減值撥備 變動如下:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
At beginning of the period/year	於期╱年初	1,635,576	1,698,689
Provision for/(Reversal of) impairment	於期╱年內確認的
recognised during the period/year	減值撥備╱(撥備撥回)
(Note (a))	(附註(a))	1,401,001	(33,113)
Receivables written off during the period/year	作為不可收回而於期╱
as uncollectible	年內撇銷的應收款項	(74,705)	(30,000)
At end of the period/year	於期╱年末	2,961,872	1,635,576

(a) The impairment is based on expected credit loss model. During the six months ended June 30, 2019, provisions of USD1,401,001 were made for trade receivables from certain distributors, which were deemed to be impaired after repeated efforts to collect the balances, and that no co-operation of new games with such distributors will be expected in the forseeable future (Note 20(a)).

(a) 減值乃根據預期信貸虧損模式作出。於 截至二零一九年六月三十日止六個月, 就應收若干分銷商的貿易應收款項作出 撥備1,401,001美元,此乃被視為經不斷 嘗試收回結餘後作出減值,而預期於可 見將來不會與該等分銷商進行有關新遊 戲的合作(附註20(a))。

中期簡明合併財務報表附註(續)

14 Prepayments and other receivables 14 預付款及其他應收款項

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
Included in non-current assets	計入非流動資產
Prepayment for equity investments (Note (a))	股本投資預付款(附註(a))	3,550,000	3,550,000
Prepayment for game development (Note 20(a))	遊戲開發預付款(附註20(a))	92,660	504,193
Prepayment for intangible assets (Note 20(a)) 無形資產預付款(附註20(a)) Deposits	按金	700	235,700 52,806
		53,025
		3,696,385	4,342,699
Included in current assets	計入流動資產
Receivables relating to payment channels	有關付款渠道的應收款項
(Note (b))	(附註(b))	13,552,495	12,864,097
Prepaid royalty fees (Note (c), Note 20(a))	預付版權費(附註(c)、
	附註20(a))	6,440,055	1,310,731
Prepaid advertising charges	預付廣告費用	37,876	51,307
Deposits (to be recovered within 12 months)	按金(將於12個月內收回)	12,826	60,577
Prepaid server rental expenses	預付伺服器租賃開支	57,691	120,079
Others	其他	98,052	154,782
		20,198,995	14,561,573
		23,895,380	18,904,272

中期簡明合併財務報表附註(續)

14 預付款及其他應收款項(續) 14 P repayments and other receivables (Continued)

• (a) Two prepayments for equity investments:
• Prepayment for the right to equity purchase of certain shares of a company engaged in game operation, which are to be determined at a later stage.
• On April 20, 2018, the Company made a prepayment to the shares to be issued by Nouveau Capital Partners Corp. ("Nouveau") to the Company, which is a company established with limited liability in accordance with the laws of BVI, and is principally engaged in investment holding, at a total consideration of USD3,500,000. As at the date of this report, to the best of the Directors' knowledge, Nouveau held approximately 16.27% of the issued share capital in Bright Idea Life Company Limited (頑石生活股份有限公司, "Bright Idea Life"). Bright Idea Life is a company established with limited liability in accordance with the laws of Taiwan district, which is principally engaged in the provision of cultural and art promotion services via multimedia, animation, games and virtual reality technologies. The right to purchase of the shares will be effective when the Investment Commission in Taiwan approves this transaction.
• (b) Receivables relating to payment channels mainly represent the balances in PayPal and Skrill (formerly Moneybookers), for cash collection from game players for games operated on the Group's websites.

• (c) As at June 30, 2019, prepaid royalty fees mainly represent the prepayments of approximately USD6.2 million to certain game developers for nine mobile games. During the six months ended June 30, 2019, provisions totalling USD751,205 were made for to certain games since they were taken offline and such prepayments were considered uncollectible. A provision of USD261,000 was also made against a prepaid royalty fee to Shanghai Jiying for reasons described in Note 11.

• (a) 兩項股本投資的預付款:

• 就收購一家從事遊戲營運的公司若 干股份的股權購買權的預付款,將 於較後階段釐定。
• 於二零一八年四月二十日,本公 司 就Nouveau Capital Partners Corp.(「Nouveau」)將 向 本 公 司 發行的股份作出預付款,總代價為 3,500,000美元。Nouveau為一家 根據英屬處女群島法律成立的有限 公司,主要從事投資控股。截至本 報告日期,就董事所知,Nouveau 持有頑石生活股份有限公司(「頑 石生活」)已發行股本約16.27%。 頑石生活為一家根據台灣區法律成 立的有限公司,主要從事透過多媒 體、動畫、遊戲及虛擬現實技術提 供文化及藝術推廣服務。當台灣投 資委員會批准此項交易後,購買股 份的權利將告生效。
• (b) 有關付款渠道的應收款項主要指於 PayPal及Skrill(前 稱Moneybookers) 內的結餘,乃就於本集團網站營運的遊 戲而向遊戲玩家收取的現金。
• (c) 於二零一九年六月三十日,預付版權費 主要指就九款手機遊戲向若干遊戲開發 商預付的款項約6.2百萬美元。於截至二 零一九年六月三十日止六個月,已就若 干遊戲作出合共751,205美元撥備,原 因是該等遊戲已下線而有關預付款被認 為不可收回。就附註11所述理由,亦對 預付予上海集鷹的版權費作出261,000 美元撥備。

中期簡明合併財務報表附註(續)

股份 15 Share capital and shares held for the Share Option Scheme

The total authorised share capital of the Company comprises 4,000,000,000 ordinary shares (December 31, 2018: 4,000,000,000 ordinary shares) with par value of USD0.001 per share (December 31, 2018: USD0.001 per share).

As at June 30, 2019, the total number of issued ordinary shares of the Company was 2,000,000,000 shares (December 31, 2018: 2,000,000,000 shares) which included 149,999,973 shares (December 31, 2018: 149,999,973) held under the share incentive scheme. They have been fully paid up.

A summary of movements in the Company's share capital and shares held for the Share Option Scheme are as follows:

15 股本及就購股權計劃持有的

本公司的總法定股本包括4,000,000,000 股 普 通 股(二 零 一 八 年 十 二 月 三 十 一 日: 4,000,000,000股 普 通 股), 而 每 股 面 值 為 0.001美元(二零一八年十二月三十一日:每 股0.001美元)。

於二零一九年六月三十日,本公司已發行普通 股總數為2,000,000,000股(二零一八年十二 月三十一日:2,000,000,000股),包括就股 份激勵計劃持有的149,999,973股股份(二零 一八年十二月三十一日:149,999,973股)。 該等股份已繳足股款。

本公司股本及就購股權計劃持有的股份之變動 概要如下:

				Shares held
		Number of		for the Share
		shares in issue	Share capital	Option Scheme
		已發行		就購股權計劃
		股份數目	股本	持有的股份
			USD	USD
			美元	美元
				(Note (a))
				(附註(a))
As at December 31, 2018	於二零一八年十二月三十一日
and June 30, 2019	及二零一九年六月三十日	2, 000,000,000	2,000,000	(150,000)

• (a) According to the written resolutions of all the members of the Company dated November 2, 2015 and capitalisation issue dated November 24, 2017, an aggregate of 150,000,000 ordinary shares were authorised and reserved for the issuance to the employees, directors of the Group and other persons pursuant to the share incentive scheme (the "Share Option Scheme") to be adopted by the Company.
• (a) 根據日期為二零一五年十一月二日本公 司全體股東的書面決議案及日期為二零 一七年十一月二十四日的資本化發行, 合共150,000,000股普通股已獲授權及 保留以根據本公司將予採納的股份獎勵 計劃(「購股權計劃」)發行予本集團的僱 員、董事及其他人士。

中期簡明合併財務報表附註(續)

15 Share capital and shares held for the Share Option Scheme (Continued)

The Company has appointed Core Trust Company Limited as the trustee to assist with the administration and vesting of options granted pursuant to the Share Option Scheme. On May 27, 2017, the Company allotted and issued shares to Epic City Limited ("Share Scheme Trust"), a wholly-owned subsidiary of Core Trust Company Limited, which are or will be used to satisfy the options upon exercise. The shares held by Share Scheme Trust are presented as a deduction in equity as shares held for the Share Option Scheme.

During the six months ended June 30, 2019, the Share Scheme Trust has not transferred any ordinary shares of the Company (June 30, 2018: nil) to the grantees vesting of the awarded shares (Note 17).

15 股本及就購股權計劃持有的 股份(續)

本公司已委任Core Trust Company Limited 作為受託人以協助管理及歸屬根據購股權計 劃授出的購股權。於二零一七年五月二十七 日,本公司向Epic City Limited(「股份計劃信 託」),Core Trust Company Limited的全資 附屬公司)配發及發行股份,用以或將用以滿 足購股權獲行使時的需要。股份計劃信託持有 的股份以就購股權計劃持有的股份呈列為權益 減少。

於截至二零一九年六月三十日止六個月期間, 股份計劃信託並無向承授人轉讓本公司任何普 通股(二零一八年六月三十日:無),以歸屬 獲獎勵的股份(附註17)。

中期簡明合併財務報表附註(續)

16 Reserves 16 儲備

			Share-based		Currency
		Share	payment	Statutory	translation	Fair value	Other
		premium	reserves	reserves	difference	reserve	reserves	Total
			以股份為基礎
		股份溢價	的付款儲備	法定儲備	貨幣換算差額	公平值儲備	其他儲備	總計
(Unaudited)		USD	USD	USD	USD	USD	USD	USD
(未經審核)		美元	美元	美元	美元	美元	美元	美元
Balance at January 1, 2019	於二零一九年一月一日的結餘	35,603,166	3,245,184	945,312	(858,426)	89,572	(742,332)	38,282,476
The Share Option Scheme	購股權計劃
– value of employee services	-僱員服務的價值	–	887,097	–	–	–	–	887,097
Net losses from changes in fair value of	按公平值計量且其變動計入其他
financial assets at fair value through	全面收益的金融資產的公平值
other comprehensive income	變動虧損淨額	–	–	–	–	(743,813)	–	(743,813)
Currency translation differences	貨幣換算差額	–	–	–	113,952	–	–	113,952
Balance at June 30, 2019	於二零一九年六月三十日的結餘	35,603,166	4,132,281	945,312	(744,474)	(654,241)	(742,332)	38,539,712
(Unaudited)
(未經審核)
Balance at January 1, 2018	於二零一八年一月一日的結餘	35,603,166	612,443	872,867	(412,455)	–	(742,332)	35,933,689
Appropriation to statutory reserves (Note (a))	轉撥至法定儲備(附註(a))	–	–	159,542	–	–	–	159,542
The Share Option Scheme	購股權計劃
– value of employee services	-僱員服務的價值	–	1,118,861	–	–	–	–	1,118,861
Currency translation differences	貨幣換算差額	–	–	–	(148,435)	–	–	(148,435)
Balance at June 30, 2018	於二零一八年六月三十日的結餘	35,603,166	1,731,304	1,032,409	(560,890)	–	(742,332)	37,063,657

16 Reserves (Continued)

(a) In accordance with the relevant laws and regulations in the PRC and the Articles of Association of subsidiaries located in the PRC, it is required to appropriate 10% of the annual statutory net profits after offsetting any prior years' losses as determined under the PRC accounting standards, to the statutory surplus reserve fund before distributing the net profit. When the balance of the statutory surplus reserve fund reaches 50% of the share capital, any further appropriation is at the discretion of shareholders. The statutory surplus reserve fund can be used to offset prior years' losses, if any, and may be converted into share capital by issuing new shares to shareholders in proportion to their existing shareholding or by increasing the par value of the shares currently held by them, provided that the remaining balance of the statutory surplus reserve fund after such issue is no less than 25% of share capital.

16 儲備(續)

(a) 根據中國的相關法律法規及位於中國內 地的附屬公司的組織章程細則,於分派 淨溢利前,須於抵銷按照中國會計準則 釐定的任何過往年度虧損後,將年度法 定淨溢利的10%撥至法定盈餘公積金。 當法定盈餘公積金結餘達到股本的50% 時,是否作出進一步轉撥由股東酌情決 定。法定盈餘公積金可用於抵銷過往年 度的虧損(如有),亦可透過按照現有持 股比例向股東發行新股份或增加彼等目 前持有的股份面值而轉換為股本,惟該 項發行後法定盈餘公積金的結餘不得低 於股本的25%。

中期簡明合併財務報表附註(續)

17 Share-based payments

On February 15, 2018, 21,419,696 and 28,078,914 shares options were granted under the Share Option Scheme, with exercise price of Hong Kong Dollar 0.0074 and USD0.0074 per share, respectively. The vesting period of the share options granted is three years and the vesting schedule is 33.33% after twelve months from the grant date, 33.33% after twenty-four months from the grant date, and 33.34% after thirty-six months from the grant date.

The directors have used the Binomial option-pricing model to determine the fair value of the share options as at the grant date. Key assumptions, such as risk-free interest rate, expected volatility and dividend yield, are required to be determined by the directors with best estimates. The risk-free interest rate, expected volatility and dividend yield were assessed to be 2.65%, 54.58% and 0%, respectively.

Movements of the number of share options outstanding and their related weighted average exercise prices are as follows:

17 以股份為基礎付款

於二零一八年二月十五日,21,419,696份及 28,078,914份購股權分別根據購股權計劃授 出,行使價分別為每股0.0074港元及0.0074 美元。所授出購股權的歸屬期為三年,而 歸屬時間為於授出日期起十二個月後歸屬 33.33%,於授出日期起二十四個月後歸屬 33.33%,及於授出日期起三十六個月後歸屬 33.34%。

董事已使用二項式期權定價模式來釐定購股權 於授出日期的公平值。董事須以最佳估算來釐 定無風險利率、預期波幅及收益率等主要假 設。無風險利率、預期波幅及收益率分別評估 為2.65%、54.58%及0%。

尚未行使購股權的數目變動及該等購股權的相 關加權平均行使價如下:

Number of shares under the option

Six months ended June 30,

		購股權項下股份數目
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
	Average exercise price	(Unaudited)	(Unaudited)
	平均行使價	(未經審核)	(未經審核)
At beginning of the period		42,655,123	–
期初
Granted	USD0.0046	–	49,498,610
授出	0.0046美元
Forfeited	USD0.0074	(212,758)	(6,656,109)
沒收	0.0074美元
At end of the period		42,442,365	42,842,501
期末
Vested	USD0.0009	7,139,185	–
已歸屬	0.0009美元

中期簡明合併財務報表附註(續)

18 Trade payables

18 貿易應付款項

The aging analysis of trade payables based on invoice date is as follows:

貿易應付款項的賬齡分析(根據發票日期)如 下:

		As at June 30,	As at December 31,
		2019	2018
		於二零一九年	於二零一八年
		六月三十日	十二月三十一日
		USD	USD
		美元	美元
		(Unaudited)	(Audited)
		(未經審核)	(經審核)
0-90 days	0至90日	933,287	1,043,598
91-180 days	91至180日	824,709	978,536
181-360 days	181至360日	1,077,683	345,849
Over 360 days	超過360日	650,387	809,306
		3,486,066	3,177,289

中期簡明合併財務報表附註(續)

19 Other gains, net 19 其他收益淨額

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Other gains	其他收益
Initial license fee forfeited	特許營運商放棄的
by a licensee	最初特許權費用	–	500,000
Foreign exchange gain, net	匯兌收益淨額	–	12,333
Others	其他	125,998	12,038
		125,998	524,371
Other losses	其他虧損
Foreign exchange losses, net	匯兌虧損淨額	(8,311)	–
Others	其他	(13)	(1,052)
		(8,324)	(1,052)
Other gains, net	其他收益淨額	117,674	523,319

中期簡明合併財務報表附註(續)

20 Expenses by nature

20 按性質劃分的開支

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Commission charges by Platforms and	平台及第三方付款服務
third party payment vendors	供應商收取的佣金費用	3,416,822	4,463,487
Employee benefits expenses	僱員福利開支	2,916,010	2,686,961
Impairment charge	減值開支
–Impairment/(reversal) of trade	-貿易應收款項減值╱
receivables (Note 13)	(撥回)(附註13)	1,401,001	(103,522)
–Impairment of prepayment for royalty	-版權費預付款、特許權
fees, license fees and game	費用及遊戲開發的
development(Note(a))	減值(附註(a))	1,350,005	–
–Impairment of intangible assets	-無形資產減值	89,481	–
–Impairment of other receivables	-其他應收款項減值	78,347	–
Advertising expenses	廣告開支	979,190	1,635,729
Servers rental expenses	伺服器租賃開支	787,535	907,434
Impairment of investment in associate	於聯營公司的投資之減值	652,596	–
Depreciation and amortisation	折舊及攤銷	569,836	467,231
Royalty fees	版權費	355,886	285,487
Other professional service fees	其他專業服務費	236,554	89,267
Office charges	辦公室費用	140,286	48,165
Office rental expenses	辦公室租賃開支	22,635	206,463

• (a) The amount represents the impairment charges of prepayment for royalty fees of USD751,205 (Note 14(c)), license fees of USD190,000, game development of USD147,800, as well as prepaid royalty fees to Shanghai Jiying of USD261,000 (Note 11).
• (a) 該金額指版權費預付款的減值開支 751,205美元(附註14(c))、特許權費用 190,000美元及遊戲開發147,800美元, 以及向上海集鷹的預付版權費261,000 美元(附註11)。

中期簡明合併財務報表附註(續)

21 Finance costs - net 21 財務成本淨額

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Finance income	財務收入
Interest income	利息收入	13,271	1,997
Finance costs	財務成本
Interest expense	利息開支	(54,018)	–
Foreign exchange losses, net	匯兌虧損淨額	(29,582)	(328,916)
		(83,600)	(328,916)
Finance costs- net	財務成本淨額	(70,329)	(326,919)

中期簡明合併財務報表附註(續)

22 Income tax expense

22 所得稅開支

The income tax expense of the Group for the six months ended June 30, 2019 and 2018 is analysed as follows:

本集團於截至二零一九年及二零一八年六月三 十日止六個月的所得稅開支分析如下:

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Current income tax	即期所得稅
–PRC and Hong Kong	-中國及香港	16,923	837,057
–Overseas withholding income tax	-海外預扣所得稅	113,999	163,321
Deferred tax (Note 12)	遞延稅項(附註12)	87,243	5,061
		218,165	1,005,439

中期簡明合併財務報表附註(續)

23 (loss)/Earnings per share

Basic

Basic (losses)/earnings per share ("EPS") is calculated by dividing the loss attributable to owners of the Company by the weighted average number of ordinary shares in issue less shares held for the Share Option Scheme during the six months ended June 30, 2019.

23 每股(虧損)╱盈利

基本

於截至二零一九年六月三十日止六個月,每股 基本(虧損)╱盈利乃按本公司擁有人應佔虧 損除以已發行的加權平均普通股數減就購股權 計劃持有的股份計算。

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
(Loss)/Profit attributable to owners of the	本公司擁有人應佔
Company (USD)	(虧損)╱溢利(美元)	(4,774,677)	2,194,105
Weighted average number of ordinary shares	已發行的加權平均普通股數
in issue less shares held for the Share	減就購股權計劃持有的
Option Scheme (Note a)	股份(附註a)	1,850,000,027	1,850,000,027
– Basic EPS (in cents/share)	-每股基本(虧損)╱
	盈利(仙╱股)	(0.26)	0.12

The EPS is based on that 1,850,000,027 and 1,850,000,027 shares were the weighted average number of ordinary shares in issue excluding the 149,999,973 (June 30, 2018:149,999,973) shares held for the Share Option Scheme for the six months ended June 30, 2019, without taking into account any shares which may be granted and issued by the Company pursuant to the Share Option Scheme.

每股盈利乃按照已發行的加權平均普通股數為 1,850,000,027股及1,850,000,027股(不包括 截至二零一九年六月三十日止六個月就購股權 計劃持有的149,999,973股(二零一八年六月 三十日:149,999,973股))計算,當中不計及 本公司根據購股權計劃可授出及發行的任何股 份。

中期簡明合併財務報表附註(續)

23 (loss)/Earnings per share (Continued)

Diluted

The share options and awarded shares granted by the Company have potential dilutive effect on the EPS. Diluted EPS is calculated by adjusting the weighted average number of ordinary shares in issue less shares held for the Share Option Scheme outstanding by the assumption of the conversion of all potential dilutive ordinary shares arising from share options and awarded shares granted by the Company (collectively forming the denominator for computing the diluted EPS). No adjustment is made to (loss)/earnings (numerator).

23 每股(虧損)╱盈利(續)

攤薄

本公司授出的購股權及獎勵股份對每股(虧 損)╱盈利有潛在攤薄作用。每股攤薄(虧 損)╱盈利乃就已發行普通股的加權平均數減 就購股權計劃持有的發行在外股份數目作調整 而計算,而此乃假設本公司授出的購股權及獎 勵股份所產生的所有潛在攤薄普通股均獲轉換 (合共組成計算每股攤薄(虧損)╱盈利的分 母)。(虧損)╱盈利(分子)並無作調整。

		Six months ended June 30, 截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
(Loss)/Profit attributable to owners of the	本公司擁有人應佔
Company (USD)	(虧損)╱溢利(美元)	(4,774,677)	2,194,105
Weighted average number of ordinary	已發行普通股加權平均數
shares in issue less shares held for the	減就購股權計劃持有
Share Option Scheme	的股份	1,850,000,027	1,850,000,027
Adjustments for share options and	就購股權及獎勵股份
awarded shares	作調整	–	5,013,127
– Diluted EPS (in cents/share)	-每股攤薄(虧損)╱
	盈利(仙╱股)	(0.26)	0.12

No adjustment has been made to basic EPS to derive at the diluted EPS for the six months ended June 30, 2019. The share options are not included in the calculation of diluted EPS because they are antidilutive for the six months ended June 30, 2019.

於計算截至二零一九年六月三十日止六個月的 每股攤薄(虧損)╱盈利時,並無對每股基本 (虧損)╱盈利作調整。由於購股權對截至二 零一九年六月三十日止六個月有反攤薄效應, 因此計算每股攤薄(虧損)╱盈利時並無將購 股權計算在內。

中期簡明合併財務報表附註(續)

24 Dividend

The directors of the Company did not recommend the payment of any dividend for the six months ended June 30, 2019 (June 30, 2018: same).

25 S ignificant related party transactions

(a) Key management personnel compensations

The compensations paid or payable to key management personnel (including directors, chief executive officer and other senior executives) for employee services are shown below:

24 股息

本公司董事不建議派付截至二零一九年六月三 十日止六個月之任何股息(二零一八年六月三 十日:相同)。

25 重大關聯方交易

(a) 關鍵管理層人員的薪酬

就僱員服務已付或應付關鍵管理層人員 (包括董事、首席執行官及其他高級行政 人員)的薪酬列示如下:

		Six months ended June 30,
		截至六月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		USD	USD
		美元	美元
		(Unaudited)	(Unaudited)
		(未經審核)	(未經審核)
Wages and salaries	工資及薪金	114,586	110,215
Pension costs – defined	養老金成本-界定
contribution plans	供款計劃	7,121	11,994
Other social security costs, housing	其他社會保障成本、住房
benefits and other employee benefits	福利及其他僱員福利	8,770	15,707
		130,477	137,916

中期簡明合併財務報表附註(續)

25 重大關聯方交易(續) 25 S ignificant related party transactions (Continued)

(b) Other transactions and outstanding balance with related parties

During the six months ended June 30, 2019, Shanghai Jiying, an associate of the Group provided game development services to the Group. The balance of prepayment as at June 30, 2019 was nil (December 31, 2018: USD261,000), representing prepaid royalty fees to Shanghai Jiying for a virtual reality game. The balance of USD261,000 as at December 31, 2018 was fully impaired during the period (Note 11).

During the six months ended June 30, 2019, Mr. Yu Ching Ming, a shareholder of the Company, paid various office expenses including primarily rental and travel expenses totalling USD58,219 (2018 – nil) of the Hong Kong office on behalf of the Group and for reimbursement subsequently.

Balances with related parties were unsecured, interest-free and repayable according to agreed credit term.

26 Contingent liabilities

There were no significant contingent liabilities as at June 30, 2019.

(b) 與關聯方的其他交易及未清 結餘

於截至二零一九年六月三十日止六個 月,上海集鷹(本集團的聯營公司)向本 集團提供遊戲開發服務。於二零一九年 六月三十日的預付款結餘為零(二零一 八年十二月三十一日:261,000美元), 乃就虛擬現實遊戲向上海集鷹預付的版 權費。於二零一八年十二月三十一日的 結餘261,000美元已於期內全數減值(附 註11)。

於截至二零一九年六月三十日止六個 月,本公司股東余精明先生代表本集團 支付多項辦公室開支,包括香港辦事處 的主要租賃及差旅開支共58,219美元 (二零一八年:無),本集團將於期後償 付。

與關聯方的結餘為無抵押、免息及根據 協定的信貸條款償還。

26 或然負債

於二零一九年六月三十日並無重大或然負債。