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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . AMBER HILL 安 山 金 控 AMBER HILL FINANCIAL HOLDINGS LIMITED 安 山 金控 股份有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 33 ) SECOND INTERIM RESULTS ANNOUNCEMENT FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2020 The board ( the " Board " ) of directors ( the “ Directors ” ) of Amber Hill Financial Holdings Limited ( the “ Company ” ) would like to announce the unaudited interim results of the Company and its subsidiaries ( collectively referred to as the " Group " ) for the twelve months ended 31 December 2020 ( the " Reporting Period ” ) , together with the comparative figures for the corresponding period in 2019 . CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the twelve months ended 31 December 2020 Notes Twelve months ended 31 December 2020 HK $ ' 000 ( Unaudited ) 2019 HK $ ' 000 ( Audited ) Revenue 4 71,778 135,613 Cost of sales and services ( 48,473 ) ( 105,104 ) Gross profit 23,305 30,509 Other revenue and other net gain 5 2,173 6,625 Fair value gain on contingent consideration receivables 54,510 Operating expenses ( 40,251 ) ( 79,193 ) ( Loss ) / profit from operations ( 14,773 ) 12,451 Finance costs 6 ( a ) ( 14,169 ) ( 15,684 ) Other non - operating expenses 6 ( b ) ( 7,392 ) ( 117,699 ) Impairment losses Share of profit of an associate Loss before tax Income tax ( expense ) / credit Loss for the period 6 ( c ) ( 16,298 ) ( 268,290 ) 5,396 67 ( 52,632 ) ( 3 ) ( 383,826 ) 428 ( 52,635 ) ( 383,398 ) -1-