Dear All,

On behalf of the board (the “Board”) of directors (each a “Director”) of GoFintech Quantum Innovation Limited (“GoFintech” or the “Company”, together with its subsidiaries collectively referred to as the “Group”), I am pleased to present the annual report of the Group for the year ended 31 March 2025 (the “Reporting Year”).

Over the past year, Hong Kong’s capital market demonstrated robust development momentum, creating expansive opportunities and favorable conditions for our business expansion. Technology stocks repeatedly reached record highs, reflecting the market’s dynamism and potential. Since 2025, market activity has rebounded markedly with average daily trading volume of Hong Kong stocks approaching HK$300 billion, while substantial capital inflows from international investors led to ample market liquidity. As a primary financing hub, Hong Kong has effectively supported the growth of technology enterprises and facilitated the global expansion of Chinese companies. Within this favourable environment, all members of the Group united in proactive efforts to consolidate our presence across fully-licensed financial services, while continuously enhancing products and services, innovating business processes, and optimising business models. These efforts have yielded sustained revenue growth alongside substantial progress across all business segments.

During the Reporting Year, the Company was formally renamed as “GoFintech Quantum Innovation Limited” to crystallise our strategic pivot towards quantum technology. We have deepened our business initiatives integrating Web 3.0 with quantum technology, not only investing heavily in the research and development of underlying blockchain technologies and quantum encryption algorithms, but also exploring practical applications of these innovations within the fintech industry, including advancing quantum-secured virtual asset custody services and initiating strategic investments in compliant virtual asset funds, establishing a robust foundation for the Group’s in-depth development in the convergence frontier of digital economy and quantum technology.

OVERALL PERFORMANCE

We are pleased to announce that we achieved encouraging operating and financial results during the Reporting Year with strong revenue growth and significant improvement in profits and losses. Our business models of client-centered fully-licensed financial services demonstrated strong financial resilience. During the Reporting Year, total revenue and net investment gains increased by 1,887.05% year-on-year to HK$913.55 million. On the other hand, we have consistently focused on cost reduction and efficiency enhancement, improving operational efficiency and profitability. Despite prioritising our investment in the research and development of innovative financial technology (fintech), we were able to significantly narrow our net losses by 91.75% to HK$2.53 million compared to the same period last year.

The Group has been committed to optimising its balance sheet structure, enhancing capital adequacy and improving asset quality. As at the end of the Reporting Year, the Group’s total assets reached HK$4,612.10 million, representing an increase of 322.28% as compared to the end of the previous reporting year. As at the end of the Reporting Year, the Group’s total liabilities amounted to HK$686.47 million, while the debt ratio, defined as total liabilities over total assets, reduced from 27.96% as at the end of the previous reporting year to 14.88% as at the end of the Reporting Year. Total equity amounted to HK$3,925.62 million as at the end of the Reporting Year, representing an increase of 398.91% from the end of the previous reporting year. As at 31 March 2025, our cash and cash equivalents totaled HK$92.19 million, maintaining at a healthy and reasonable level.

STRATEGY AND OPERATION OF THE GROUP

We are keenly aware that the current paradigms of economic growth are rapidly evolving. Technological advancements in artificial intelligence, big data, blockchain, Web 3.0 and other fields are accelerating the restructuring of many industries. Amidst a complex and volatile external environment, we maintain strategic focus and confidence, cultivating key niche sectors whilst capitalising on structural opportunities arising from market adjustments, thereby fortifying foundations for the Group’s long-term sustainable development.

In the field of brokerage services, we have aggressively diversified our client base across domestic and international institutions, corporates and high-net-worth individuals, steadfastly advancing our wealth management capabilities. We are also vigorously advancing our diversified product portfolio strategy, not only deepening presence in traditional investment products such as equity and fixed income offerings with optimised product structures, but also proactively expanding into emerging sectors in response to market trends. Particularly noteworthy is our marked progress in Total Return Swap (TRS) operations. Through in-depth partnerships with globally renowned financial institutions, we have successfully established cross-border TRS channels, enabling clients to access diversified global assets - including equities, bonds and funds - without direct ownership of underlying offshore assets. This effectively circumvents cross-border investment restrictions, enabling globalised asset allocation. Additionally, we have enhanced our client service capabilities across all dimensions. We believe that digital transformation serves as the core driver propelling the evolution of brokerage businesses. As such, we have dedicated substantial resources to upgrade our trading infrastructure, enhancing both transactional efficiency and execution quality while significantly reducing client trading costs, thereby maximising value creation for our clients.

In the field of asset management, we leveraged our in-depth insight into the opportunities in the capital market, and enhanced our business development capabilities in volatile markets by continuously enhancing our capabilities in asset management, sales and services, product offering, compliance and risk control, so as to optimise asset allocation and improve asset returns. Our asset management division possesses cross-border asset management qualifications such as QFII, QFLP and QDIE, and provides investors with the design, management, and services of diverse offshore investment funds. Aligning with market trends, we have included virtual asset funds in our strategic focus and established a quantum technology investment fund in the Cayman Islands as managing shareholder, dedicated to investing in innovative enterprises within the quantum technology sector. This initiative provides additional investment options for our clients to pursue above-market returns, further enriches and optimises our asset allocation framework, propelling our asset management business to its next stage.

In the field of investment banking, we maintained parallel development of equity and debt investment businesses, and vigorously expanded our M&A and restructuring businesses alongside advancing sponsorship and underwriting services. In terms of debt investment business, we actively explored the development of overseas debt markets for Chinese enterprises, deeply tapped into the bond demands of different types of clients, seized the windows of issuance and underwriting to serve our clients and provided integrated equity and debt solutions. During the Reporting Year, the Group provided over 20 corporate clients with corporate financing and consultancy services. Acting as an underwriter, we successfully assisted a variety of domestic and overseas companies in fundraising in the stock market and introduced high-quality investors for enterprises. The Group ranked among the top in the industry in terms of the number of projects and the amount of funds raised.

In the field of technological innovation investment, we leveraged on our synergy in “investment + investment banking + management” and constantly improved our investment capability and knowledge in Web 3.0, quantum technology, blockchain, intelligent investment advisory, clean energy, tech-innovative healthcare, etc. With a focus on such areas, we carried out in-depth business planning, completed investments in various technology innovation enterprises such as RD Technologies and MaiCapital, empowering the investee enterprises by providing all-round support in finance, management and human resources, and at the same time, strengthening synergy with investment banking and other business lines to assist the investee companies in development and capital appreciation.

HARNESSING FRONTIER TECHNOLOGIES FOR NEW GROWTH DRIVERS

We are fully aware that technological innovation serves as the core engine driving the Group’s long-term development. Hong Kong, globally recognised as an international financial centre and a fintech hub, has emerged as an ideal base for global fintech advancement, underpinned by its continuously enhanced digital infrastructure and regulatory frameworks. Most notable is the Hong Kong Government’s robust support for technological innovation. In May 2025, Hong Kong enacted the Stablecoin Bill following its legislative process, instituting a licensing regime for issuers. This landmark legislation constitutes a significant advancement in the territory’s regulatory framework for stablecoins, establishing a structured pathway for market development. During the Reporting Year, the Group decisively pivoted towards quantum technology - a frontier field with transformative potential, and actively invested in R&D for quantum encryption algorithms and quantum communication technologies, exploring their applications in financial security, particularly for safeguarding stablecoin transactions. Furthermore, leveraging our first-mover advantage through early-stage investments in RD Technologies, a Hong Kong-based stablecoin issuer, we played a proactive role in shaping the city’s stablecoin ecosystem. By refining cross-border payment services and preemptively capturing market share, we have pioneered a leading business model in this nascent sector, unlocking new growth drivers for the Group.

REFINING STRATEGIC INVESTMENTS TO EMPOWER IN-DEPTH BUSINESS INTEGRATION

Over the past year, the Company has anchored its actions in the strategic development framework, leveraging capital operations as the engine and business consolidation as the key driver to achieve dual breakthroughs in asset structure optimisation and core competitiveness enhancement. This has injected robust momentum into the Group’s high-quality development. In capital operations, while maintaining efficient financing strategies, the Company successfully acquired a 22.5% equity stake in CSOP Asset Management Limited (“CSOP”), Asia’s preeminent asset management institution, through issuance of consideration shares. As a top player in Asia’s asset management sector, CSOP’s established ETF ecosystem, global market channels and professional investment research team would generate profound synergies with the Group’s existing operations. This acquisition has diversified the Group’s asset allocation structure. Going forward, the Group will fully harness both parties’ resource advantages to focus on product innovation, client resource integration, and cross-border business synergies and accelerate the in-depth integration of fintech and asset management. Meanwhile, the Group will explore new frontiers in asset management by leveraging quantum technology and stablecoins as innovation catalysts, consistently unlocking capital value.

OUTLOOK

Looking forward, the Group will establish a self-reinforcing industrial ecosystem, anchored in quantum technology as its core, built upon financial qualifications as its foundation, and propelled by cultural creativity and trade as dual growth engines, thereby driving the upgrading of Hong Kong’s value as an international hub. Across the four business domains of technology, finance, cultural creativity and trade, we will establish a closed-loop integration of technology, capital, scenarios and channels. This will lay a solid and long-term foundation for the Group to build a quantum industry ecosystem platform and emerge as a benchmark entity aligned with Hong Kong’s positioning as a “Four-Center Hub”.

On the technology-driven front, the Group will harness quantum technology as its core engine and concentrate on innovation in foundational technologies such as quantum computing, communications, and encryption, aiming to drive the innovative applications of quantum technology across diverse sectors and provide robust technological supports for major business segments.

On the finance-driven front, the Group will leverage its comprehensive financial licenses to deepen its foothold in digital assets, capitalizing on Hong Kong’s robust regulatory framework and global financial market influence to attract worldwide digital asset investors. Meanwhile, we will pioneer applications of quantum technology in fintech, such as risk modeling and encrypted trading, to deliver safer and more efficient financial services, solidifying its role as an innovative participant in Hong Kong’s fintech ecosystem.

On the cultural creativity front, we will harness our technology-enabled advantages to vigorously promote the integration of “Quantum + Digital Art”, establishing an integrated service system encompassing art auctions, financing, and real-world asset tokenization. This strategic move will expand our foothold in the high-value-added cultural creativity and finance market, pioneering new frontiers at the nexus of culture and technology.

On the trade-driven front, we will build a quantum-enabled cross-border trade support service system. Leveraging Hong Kong’s position as an international trade hub, we will cooperate deeply with global trade partners to provide safer and more efficient operation services for cross-border trade, integrate various business links in the supply chain such as logistics and capital, and empower participants at all nodes of the supply chain.

Harmonizing divergent market forces will propel synchronized growth. Looking ahead to 2025, the Group will anchor our long-term growth strategy in four core business segments. We will strengthen strategic guidance and enablement for business development, transforming the Group into a comprehensively developed, ecologically synergistic and integrated industrial ecosystem platform, delivering sustainable value creation for our shareholders, clients, and partners.

CHAN Kin Sang
Chairman

Hong Kong, 30 June 2025