Z Fin Limited reports revenue surge, significant loss, and board changes

Z Fin Limited, formerly Sinolink Worldwide Holdings Limited, reported a 60.9% increase in revenue to HK$289.3 million for the six months ended June 30, 2025. However, the company experienced a loss attributable to owners of HK$507.1 million, a notable rise from HK$150.5 million in the prior year, primarily due to a fair value loss of HK$497.9 million on convertible bonds. Basic loss per share amounted to HK$1.59. The company's name change became effective on August 18, 2025, reflecting its strategic focus on the FinTech sector.

The board also announced changes to its leadership and committees, effective August 30, 2025. Ms. Chen Hui resigned as an independent non-executive director, while Mr. Cheung Adrian Jeremy Ka Hing was appointed as an independent non-executive director, and Ms. Xu Xiujuan as a non-executive director. Mr. Cheung will also join the Audit, Remuneration, and Nomination Committees.

Post-reporting period, on July 25, 2025, Asia Pacific Promotion Limited converted HK$200,000,000 of convertible bonds into 117,647,058 ordinary shares, reducing total liabilities and strengthening equity. Additionally, a new syndicated loan of RMB1,950,000,000 was drawn to repay an existing loan.