香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 GREEN LEADER HOLDINGS GROUP LIMITED 綠領控股集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：61） 截至二零二二年十二月三十一日止年度之 全年業績公告 綠領控股集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二二年十二月三十一日止年度之經審核 綜合全年業績，連同二零二一年同期之比較數字如下： 摘要 財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 千港元 千港元 收入 2,305,799 1,612,858 ...

Financial Performance - For the six months ended June 30, 2022, the profit was approximately HK$864,315,000, a significant increase from HK$164,203,000 for the same period in 2021[22]. - Revenue for the same period was approximately HK$1,163,491,000, up by approximately HK$850,611,000 from HK$312,880,000 in the previous year, primarily driven by increased selling prices and production units in mining operations[22][24]. - Gross profit reached approximately HK$485,490,000 with a gross profit margin of 41.7%, compared to HK$23,553,000 and 7.5% in the prior year, reflecting higher selling prices of mining products[23][25]. - Profit attributable to owners of the Company was approximately HK$304,284,000, significantly up from HK$34,048,000, driven by increased revenue and reversal of impairment losses[33][36]. - Total comprehensive income for the period was HK$842,783,000, significantly higher than HK$156,461,000 in the same period last year[150]. - Profit for the period reached HK$864,315,000, up from HK$164,203,000 in the previous year, reflecting a growth of about 426%[150]. - Basic earnings per share increased to 57.85 HK cents from 6.47 HK cents, marking a significant rise in shareholder value[148]. Operational Updates - The Group operates five coking coal mines, with Fuchang Mine and Liaoyuan Mine fully operational, each with an expected production capacity of 600,000 tonnes per year[10]. - Jinxin Mine, a non-wholly owned subsidiary, was ordered to suspend operations by the PRC government due to restructuring requirements, with a planned capacity increase from 450,000 tonnes to 600,000 tonnes per year[15]. - The Group's coal mining operations are expected to resume in Q1 2023, pending the approval of safety production permits from Chinese authorities[19]. - The Bolong Mine is expected to commence safe production in the first quarter of 2023, while the Fuchang Mine is currently operating[41]. - The Group aims to enhance production efficiency and volume in its coal mines located in Shanxi Province[100]. - The Group will maintain its integrated business model, focusing on coal production, transportation, and sales, while optimizing operational plans to reduce internal transportation costs[101]. Financial Position - As of June 30, 2022, the Group's total assets were approximately HK$9,218,302,000, an increase from approximately HK$8,626,542,000 as of December 31, 2021[43]. - The Group's total liabilities decreased to approximately HK$9,040,958,000 as of June 30, 2022, from approximately HK$9,291,981,000 as of December 31, 2021[43]. - Total equity improved to approximately HK$177,344,000 as of June 30, 2022, compared to total capital deficiencies of approximately HK$665,439,000 as of December 31, 2021[43]. - The Group's cash and cash equivalents decreased to approximately HK$38,064,000 as of June 30, 2022, down from approximately HK$146,141,000 as of December 31, 2021[45]. - The net current liabilities improved to HK$6,774,844,000 as of June 30, 2022, from HK$6,974,559,000 as of December 31, 2021, a reduction of 2.9%[155]. - The company reported an increase in accumulated losses to HK$11,302,307,000 as of June 30, 2022, from HK$11,827,999,000 as of June 30, 2021[160]. Regulatory and Compliance Matters - The penalty imposed on Jinxin Mine by the PRC government was approximately RMB 20,804,000 (approximately HK$ 23,302,000), which has been settled[15]. - The Group did not have any bank borrowings for both reporting periods[45]. - There was no incidence of non-compliance with relevant laws and regulations that significantly impacted the group during the reporting period[98]. - The company has complied with the Corporate Governance Code, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[139]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ended June 30, 2022[142]. Strategic Initiatives - The Group is exploring business opportunities in Cambodia related to cassava-based agricultural and deep processing[17]. - Marketing efforts will be strengthened to expand the customer base and sales network to more cities, increasing market share and competitiveness[100]. - The Group is engaged in coal exploration, IT product sales, and cassava cultivation and processing, indicating diversification in its business activities[167]. Debt and Financing - The outstanding principal amount of the Convertible Bonds is US$40,000,000, which the Company is required to redeem along with all unpaid interest and other amounts due[52]. - A statutory demand was received on 22 July 2022, requiring the Company to pay US$84,943,738.72 under the Convertible Bonds[57]. - The Group's financial obligations include approximately HK$312,000,000 related to convertible loan notes that matured on 10 July 2020[179]. - The Directors believe that the Group will have sufficient working capital to meet its financial obligations for the next twelve months, considering ongoing negotiations with non-controlling interests and the holder of the convertible loan notes[180]. - Significant uncertainties exist regarding the Group's ability to continue as a going concern, dependent on generating adequate financial cash flows[183]. Employee and Operational Metrics - The group employed approximately 1,271 full-time employees in Hong Kong and PRC as of June 30, 2022[93]. - The group had capital commitments for property, plant, and equipment acquisition amounting to approximately HK$615,497,000 as of June 30, 2022[91].

Coal Mining Operations - The Group focused on coal mining business, with full construction work commencing at Fuchang Mine and Liaoyuan Mine, expecting steady cash inflow once all mines are operational[9]. - The Group has five coking coal mines, with Fuchang Mine and Liaoyuan Mine in full operation, each with an expected production capacity of 600,000 tonnes per year[48][50]. - Jinxin Mine's production capacity is set to increase from 450,000 tonnes per year to 600,000 tonnes per year following restructuring, but operations are currently suspended due to government orders[53][56]. - The Group's coal mining operations faced delays and suspensions due to COVID-19 and government policies, leading to uncertainties in construction timelines[47][50]. - Penalties of approximately RMB 20,804,000 (around HK$ 23,302,000) were imposed on Jinxin Mine for non-compliance, which have been settled[53][56]. - Fuchang Mine was recognized as a "Second Class Safe Productions Standardisation Coal Mine" with a valid period of three years from July 2020[48][50]. - The coal mines in full operation passed completion inspections in January 2017 and December 2018, respectively[48][50]. - Jinxin Mine is expected to resume operations in the third quarter of 2022, pending the reinstatement of its Permit for Safe Production[54][57]. - The Group's focus remains on coal exploration, development, and related services, alongside cassava cultivation and IT services[46][49]. - The construction of coal mines has faced significant uncertainties, impacting the overall effectiveness of the construction period[47][50]. Financial Performance - For the year ended December 31, 2021, the Group recorded a profit of approximately HK$751,507,000, a turnaround from a loss of approximately HK$660,458,000 in 2020[62]. - Revenue for the year ended December 31, 2021, was approximately HK$1,612,858,000, representing an increase of approximately HK$309,062,000 or 23.7% compared to HK$1,303,796,000 in 2020[62]. - Gross profit for the year ended December 31, 2021, was approximately HK$347,773,000 with a gross profit ratio of 21.6%, up from approximately HK$127,867,000 and 9.8% in 2020[66]. - Administrative and other operating expenses for the year ended December 31, 2021, were approximately HK$387,582,000, an increase from approximately HK$283,442,000 in 2020[67]. - The reversal of impairment loss recognized in respect of mining rights and property, plant, and equipment was approximately HK$959,527,000 for the year ended December 31, 2021, compared to an impairment loss of approximately HK$170,267,000 in 2020[68]. - Finance costs for the year ended December 31, 2021, amounted to approximately HK$229,315,000, a decrease of approximately HK$132,350,000 from approximately HK$361,665,000 in 2020[74]. - Profit attributable to owners of the Company for the year ended December 31, 2021, was approximately HK$265,672,000, compared to a loss of approximately HK$312,362,000 in 2020[75]. - The expected cleaned coal price increased to RMB1,357 per tonne as of December 31, 2021, up from RMB877 per tonne in 2020[76]. - The Group's five coal mines located in Shanxi saw an increase in estimated value due to the overall increase in coal prices during the year[68]. - The revenue growth rate for the year ended December 31, 2021, was 23.7%, down from 38.1% in 2020[92]. - The gross profit margin improved to 21.6% in 2021 from 9.8% in 2020[92]. - Profit before taxation for 2021 was HK$998,967,000, a significant recovery from a loss of HK$852,913,000 in 2020[92]. - The current ratio increased to 0.07 in 2021 from 0.04 in 2020, indicating improved short-term debt obligation management[92]. - The Group had total cash and cash equivalents of approximately HK$146,141,000 as of December 31, 2021, up from approximately HK$48,097,000 in 2020[89]. - The Group recorded total liabilities of approximately HK$9,291,981,000 as of December 31, 2021, compared to approximately HK$8,502,219,000 as of December 31, 2020[84]. - The Group's total capital deficiencies decreased to approximately HK$665,439,000 as of December 31, 2021, from approximately HK$1,423,988,000 as of December 31, 2020[84]. - The Group had capital commitments for the acquisition of property, plant, and equipment amounting to approximately HK$759,442,000 as of December 31, 2021, down from HK$917,233,000 in 2020[113]. - The capital deficit attributable to owners of the Company was HK$2,351,061,000 in 2021, a decrease from HK$2,620,904,000 in 2020, showing an improvement of approximately 10.3%[127]. - The Group's overall financial condition and future expansion plans will influence any potential dividend declarations[144]. Management and Governance - Mr. Tse has over 30 years of experience in corporate management across agriculture, manufacturing, mining, and mergers and acquisitions[25]. - Mr. Ho has over 28 years of experience in finance and accounting, including roles in initial public offerings and debt restructuring[29]. - Mr. Tian holds a Master's Degree in Business Administration and has over 30 years of experience in banking and finance[36]. - Mr. Shen has over 25 years of managerial experience in the hotel and real estate industries[39]. - PINE Technology Holdings Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited with stock code 1079[22]. - Mr. Tse was re-appointed as an executive director on September 1, 2016, and serves as the chairman and CEO[24]. - Mr. Ho was appointed as an independent non-executive director on August 5, 2020, and is the chairman of the audit committee[29]. - Mr. Tian was appointed as an independent non-executive director on July 4, 2017, and is a member of multiple committees[37]. - Mr. Shen was appointed as an independent non-executive director on November 2, 2020, and is involved in various committees[39]. - The company has a diverse board with members holding significant experience in various sectors, enhancing its governance and strategic direction[25]. - The Board consists of five directors, including the Executive Chairman and CEO, with all retiring directors eligible for re-election[187]. - The Company has complied with Listing Rules regarding the independence of INEDs as of December 31, 2021[189]. - The Board has reviewed the independence of all Independent Non-Executive Directors (INEDs) and concluded that all are independent as per Listing Rules[185]. - The Company has taken out directors' liability insurance to provide appropriate cover for its directors and those of its subsidiaries[156][159]. - The management monitors changes in the regulatory environment to manage legal and regulatory risks effectively[100]. Business Strategy and Risk Management - The Group is exploring agro-related business opportunities in Cambodia while streamlining its existing IT-related business to focus on other potential investments[16]. - The Group is exploring business opportunities related to cassava-based agricultural and deep processing in Cambodia[55][58]. - The Company is adjusting its business strategy in response to macroeconomic risks and uncertainties in Mainland China[97]. - The Group is closely monitoring existing mines for major technical renovations to ensure compliance with stringent safety and environmental regulations imposed by the state[95]. - The Company is enhancing its risk control capabilities in response to significant fluctuations in international coal prices, particularly due to the COVID-19 pandemic[97]. - The management is closely monitoring interest rate exposure and will consider hedging if necessary[97]. - The Company has implemented measures to manage credit risk by categorizing customers based on internal credit ratings and not accepting bills from low-rated customers[97]. - The Group plans to strengthen safety awareness among employees to ensure production safety and will monitor economic and policy changes to adjust business strategies accordingly[121]. Employee and Operational Insights - The total staff costs for the year ended December 31, 2021, were approximately HK$114,091,000, an increase from approximately HK$71,356,000 in the previous year[175][178]. - The group employed approximately 1,236 full-time employees in Hong Kong and PRC as of December 31, 2021[174][178]. - Sales to the group's largest customer accounted for approximately 32% of total sales in 2021, while sales to the five largest customers accounted for approximately 93%[164][170]. - Purchases from the five largest suppliers accounted for 100% of total purchases in 2021[164][170]. - The company maintained a sufficient public float of not less than 25% of the total issued share capital throughout the year ended December 31, 2021[162][168]. Compliance and Social Responsibility - The Group maintained compliance with all relevant laws and regulations, emphasizing its commitment to environmental and social responsibility[61]. - The Company is continuously improving management rules and promoting energy saving and emission reduction to address environmental risks[100]. - No charitable donations were made by the group during the year, consistent with the previous year[181]. - There were no management and administrative contracts regarding major businesses entered into during the year under review[166][171]. - The Group had no material contingent liabilities as of December 31, 2021[113]. - No director had a material beneficial interest in any significant contracts related to the Group's business during the year[194]. - There were no competing interests from directors or substantial shareholders that could significantly compete with the Group's business[195]. - No rights to acquire shares or debentures were granted to directors or their immediate family members during the year[196].

CONTENTS 目錄 | Corporate Information | | --- | | 公司資料 | | Management Discussion and Analysis | | 管理層討論及分析 | | Other Information | | 其他資料 | | Condensed Consolidated Statement of Profit or Loss | | 簡明綜合損益表 | | Condensed Consolidated Statement of | | Profit or Loss and Other Comprehensive Income | | 簡明綜合損益及其他全面收益表 | | Condensed Consolidated Statement of Financial Position | | 簡明綜合財務狀況表 | | Condensed Consolidated Statement of Changes in Equity | | 簡明綜合權益變動表 | | Condensed Consolidated Statement of Cash Flows | | ...

CONTENTS 目錄 | CORPORATE INFORMATION | 公司資料 | 2 | | --- | --- | --- | | CHAIRMAN'S STATEMENT | 主席報告 | 5 | | BIOGRAPHICAL DETAILS OF DIRECTORS | 董事履歷詳情 | 7 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | 10 | | SUMMARY FINANCIAL INFORMATION | 財務資料概要 | 27 | | REPORT OF DIRECTORS | 董事會報告 | 28 | | CORPORATE GOVERNANCE REPORT | 企業管治報告 | 57 | | INDEPENDENT AUDITOR'S REPORT | 獨立核數師報告 | 85 | | CONSOLIDATED STATEMENT OF | 綜合損益表 | 88 | | PROFIT OR LOSS | | | | CONSOLIDATED STATEMENT OF PROFIT OR | 綜合損益及其他全面收益表 | 8 ...

CONTENTS 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 5 | Management Discussion and Analysis | 管理層討論及分析 | | 22 | Other Information | 其他資料 | | 34 | Condensed Consolidated Statement of | 簡明綜合損益表 | | | Profit or Loss | | | 35 | Condensed Consolidated Statement of | 簡明綜合損益及其他全面收益表 | | | Profit or Loss and Other Comprehensive Income | | | 36 | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | | Financial Position | | | 39 | Condensed Consolidated Statement of | 簡明綜合權益變動表 | | | Changes in Equit ...

CONTENTS 目錄 GREEN LEADER HOLDINGS GROUP LIMITED 綠領控股集團有限公司 01 2 Corporate Information 公司資料 Board's Profile 董事會簡介 4 Chairman's Statement 主席報告 7 Management Discussion and Analysis 管理層討論及分析 9 Report of Directors 董事會報告 19 Corporate Governance Report 企業管治報告 38 Independent Auditor's Report 獨立核數師報告 58 Consolidated Statement of Profit or Loss 綜合損益表 61 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 62 Consolidated Statement of Financial Position 綜合財務狀況表 63 Consolidated Statement ...

Contents 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 4 | Management Discussion and Analysis | 管理層討論及分析 | | 14 | Other Information | 其他資料 | | 22 | Condensed Consolidated Statement of | 簡明綜合損益表 | | | Profit or Loss | | | 23 | Condensed Consolidated Statement of | 簡明綜合損益及其他全面收益表 | | | Profit or Loss and Other Comprehensive Income | | | 24 | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | | Financial Position | | | 27 | Condensed Consolidated Statement of | 簡明綜合權益變動表 | | | Changes in Equit ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million for the fiscal year, representing a 25% growth compared to the previous year[12]. - For the year ended December 31, 2018, the Group recorded a revenue of approximately HK$1,004,636,000, representing a significant growth of approximately HK$489,727,000 or 95% compared to HK$514,909,000 in 2017[122]. - The sales amount of mining products increased significantly from approximately HK$381,766,000 to approximately HK$980,902,000, mainly contributed by Fuchang Mine, which commenced commercial operation in November 2017[122]. - Revenue from cassava starch operation sharply decreased from approximately HK$70,080,000 in 2017 to approximately HK$603,000 in 2018 after the completion of the pilot cassava trading project[122]. - The Group reported a loss before taxation of HK$3,153,345,000 for 2018, compared to a profit of HK$753,080,000 in 2017[198]. - The net loss attributable to owners of the Company was HK$1,182,062,000 in 2018, a decline from a profit of HK$94,108,000 in 2017[198]. - The gross profit for the year was approximately HK$136,761,000, with a gross profit margin of 14%, down from HK$140,897,000 and 27% in 2017, mainly due to a decrease in coking coal prices at Fuchang Mine[127]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to $180 million[12]. - New product launches are expected to contribute an additional $20 million in revenue, with a focus on eco-friendly technologies[12]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[12]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration[12]. - The Group's management is optimistic about the impact of the Belt and Road Initiative on its cassava business expansion in ASEAN countries[40]. - The Group's strategic partnerships and agro-business platform development are expected to continue gaining momentum in 2019[175]. Corporate Governance - The company has strengthened its corporate governance framework, ensuring compliance with international standards[12]. - The board comprises members with diverse backgrounds in finance, public administration, and mining, enhancing the company's strategic decision-making capabilities[24]. - The company emphasizes the importance of independent directors in its governance structure, with members serving on various committees including audit and risk management[25]. - The board's collective experience spans over several decades, contributing to the company's operational and strategic insights[28]. - The board's profile reflects a strong commitment to ethical governance and financial oversight, essential for investor confidence[24]. Operational Developments - The Group's coal mining business has shown promising financial performance in 2018, with five coking coal mines in Shanxi Province, one of which commenced full operations in November 2017[67]. - The Group's coal mining operations are undergoing construction delays but are still expected to meet production targets[71]. - The Group's coal mines under construction faced delays due to stricter safety and environmental regulations, extending the construction periods[76]. - The Group anticipates that all mines will be fully operational, significantly improving its overall financial position amidst external economic pressures[35]. - The Group plans to complete its Processing Plant and commence trial production in the third quarter of 2019, with an annual production capacity of 150,000 tonnes for cassava starch in various provinces in Cambodia[180]. Environmental and Social Responsibility - The Group is committed to ensuring that existing mines comply with stringent safety and environmental regulations as part of the PRC's ecological civilization goals[38]. - The Group has received full support from Cambodian governmental bodies and the UNDP to promote sustainable agricultural development, advocating poverty alleviation through innovative schemes[45]. - The Group's management emphasizes the importance of environmental protection as a foundation for sustainable development[54]. Employee and Community Engagement - The Group employed approximately 655 full-time employees across Hong Kong, Cambodia, and the PRC as of December 31, 2018[169]. - The Group's contract farming model not only provides a formal buy-sell contract but also a partnership scheme to mitigate production and market risks for farmers[101]. - The forums organized with UNDP and government agencies help farmers understand the benefits of entering contract farming schemes with the Group[101].