於2022年12月15日，本集團與東方溢進（作為業主）訂立租賃協議，以按月租56,000港元租賃位 於香港西貢的住宅物業作為員工宿舍，自2022年12月15日起為期一年。於2023年12月15日，本 集團與業主重續租賃協議「租賃協議乙」），月租金同樣為56,000港元，自2023年12月15日起，為 期一年。許先生持有東方溢進全部股權，並為東方溢進的董事。由於許先生為執行董事及控股股 東，根據上市規則，東方溢進為關連人士。該租賃的月租由訂約雙方參考臨近類似物業當時應付的 現行市場租金後經公平磋商釐定。 50 華津國際控股有限公司 / 2023年年報 華津國際控股有限公司 / 2023年年報 董事會報告 由於租賃協議甲及租賃協議乙項下擬進行的交易相關適用百分比率的按年基準少於5%，且交易的 總代價低於3百萬港元，根據上市規則第14A.76(1)條，有關交易構成符合最低豁免水平的持續關連 交易，可獲全面豁免有關申報、公告及股東批准的規定。 上述持續關連交易經獨立非執行董事檢討，彼等確認該等交易乃： (1) 於本集團日常及一般業務過程中； (2) 按一般商業條款；及 (3) 根據規管該等交易的條款實屬公平合理且符合 ...

有關截至 2023 年 12 月 31 日止年度之 全年業績公告的澄清公告 該公告中文版本之相關披露事項正確無誤。 香港，2024 年 4 月 1 日 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，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 本公司注意到，由於無心之失，該公告之中文版本第 2 頁至第 4 頁最後兩欄之標題與英文版 本不一致。本公司謹此澄清，該公告中文版本第 2 頁至第 4 頁最後兩欄之標題應修訂及取代 如下（有關修訂已加注劃線以方便閱覽）： 本公司確認上述澄清並不影響該公告所載的其他資料。除上文所披露者外，該公告中英文版 本所載之所有資料維持不變。本澄清公告屬補充性質，應與該公告一併閱讀。 茲提述華津國際控股有限公司（「本公司」）日期為 2024 年 3 月 28 日就本集團截至 2023 年 12 月 31 日止年度的綜合業績刊發的公告（「該公告」）。除另有界定外，本公告所用詞彙與該 公告所界定者具有相同涵義。 於本公告日期，董事會包括執行董事許松慶先生(主席)、許健鴻先生 ...

Financial Performance - The company's revenue increased by approximately RMB 1,926.3 million or 41.3%, from approximately RMB 4,663.6 million in 2022 to approximately RMB 6,589.9 million in 2023[3]. - The group reported a net profit of RMB 85.5 million for the year ended December 31, 2023, compared to a net loss of RMB 165.3 million in 2022[29]. - Basic earnings per share for 2023 were RMB 14.28, compared to a loss per share of RMB 27.55 in 2022[29]. - The net profit attributable to the owners of the company for 2023 was approximately RMB 85.7 million, a significant recovery from a loss of approximately RMB 165.3 million in 2022[156]. - The net profit margin for 2023 was approximately 1.3%, compared to a net loss margin of 3.5% in 2022[157]. - The pre-tax profit for 2023 is RMB 101,161,000, a significant recovery from a loss of RMB 197,418,000 in 2022[76]. Sales and Production - Sales volume of cold-rolled steel products increased by approximately 272,209 tons or 44.2%, reaching about 886,949 tons in 2023 compared to 614,740 tons in 2022[3]. - Sales volume of galvanized steel products increased by approximately 240,052 tons or 69.9%, reaching about 583,438 tons in 2023 compared to approximately 343,386 tons in 2022[3]. - The sales volume of cold-rolled and galvanized steel products in 2023 totaled approximately 1,470,387 tons, representing an increase of about 512,261 tons or 53.5% compared to approximately 958,126 tons in 2022[169]. Costs and Expenses - The cost of sales increased to approximately RMB 6,293.3 million in 2023, an increase of RMB 1,609.6 million or 34.4% from approximately RMB 4,683.7 million in 2022[8]. - Selling expenses rose to approximately RMB 69.0 million in 2023, an increase of 75.1% from RMB 39.4 million in 2022, driven by higher shipping costs due to increased sales volume[21]. - Administrative expenses decreased to approximately RMB 58.6 million in 2023 from RMB 64.8 million in 2022, a decline of about 9.6%[22]. - Financial costs increased to approximately RMB 80.6 million in 2023, up 1.5% from RMB 79.4 million in 2022, mainly due to higher borrowing levels[26]. - Total employee benefits expenses increased to RMB 123,007,000 in 2023 from RMB 116,654,000 in 2022, reflecting a growth of approximately 5.8%[95]. Profitability Metrics - Gross profit for 2023 was approximately RMB 296.6 million, compared to a gross loss of approximately RMB 20.1 million in 2022[15]. - The gross margin for 2023 was approximately 4.5%, while the gross loss margin for 2022 was approximately 0.4%[16]. - Average selling price for cold-rolled steel products was RMB 4,174 per ton in 2023, down from RMB 4,644 per ton in 2022, a decrease of about 10.1%[18]. - Average selling price of galvanized steel products decreased to RMB 4,282 per ton in 2023 from RMB 4,524 per ton in 2022[5]. Assets and Liabilities - As of December 31, 2023, the net current liabilities were approximately RMB 266.7 million, a decrease of RMB 185.4 million or 41.0% from RMB 452.1 million on December 31, 2022[1]. - Total assets decreased from RMB 1,977,280,000 in 2022 to RMB 1,810,395,000 in 2023, a decline of approximately 8.4%[33]. - Current liabilities increased from RMB 1,922,144,000 in 2022 to RMB 2,244,015,000 in 2023, representing an increase of about 16.8%[33]. - Non-current liabilities rose significantly from RMB 449,285,000 in 2022 to RMB 1,028,911,000 in 2023, an increase of around 129.5%[52]. - The company's equity attributable to owners increased from RMB 425,338,000 in 2022 to RMB 512,825,000 in 2023, reflecting a growth of approximately 20.5%[35]. Cash Flow and Financing - Cash and cash equivalents increased from RMB 16,093,000 in 2022 to RMB 98,386,000 in 2023, a substantial increase of about 510.5%[33]. - The company reported a net cash outflow of RMB 82,265,000 for the year ended December 31, 2023[56]. - The operating cash flow showed a net outflow of RMB 371,976,000 for the same period[56]. - The total bank financing amount as of December 31, 2023, is approximately RMB 1,649,780,000, with RMB 1,192,201,000 utilized and RMB 457,579,000 unutilized[57]. - The total bank borrowings increased to RMB 2,277.9 million in 2023, compared to RMB 1,516.1 million in 2022[152]. Taxation and Subsidies - The income tax expense for 2023 is RMB 15,681,000, compared to an expense of RMB 32,119,000 in 2022[76]. - The group received a subsidy of RMB 195,000 from local Chinese authorities for business development, down from RMB 865,000 in 2022[72]. - Government grants increased to RMB 8,203,000 in 2023 from RMB 4,165,000 in 2022, representing a growth of 97.8%[88]. Corporate Governance and Compliance - The group has maintained compliance with corporate governance codes throughout the year ending December 31, 2023[166]. - The independent non-executive directors confirmed that the controlling shareholders fully complied with the non-competition agreement for the year ended December 31, 2023[199]. - The company is committed to effective board governance and appropriate independent policies to provide transparency and accountability to shareholders[194]. Future Outlook and Development - The group is developing the Huazhi Metal Industrial Park and plans to construct three berths with a maximum capacity of 30,000 deadweight tons, with the first berth expected to be completed in early 2024[178]. - The group anticipates that the application of other revised Hong Kong Financial Reporting Standards will not have a significant impact on future consolidated financial statements[65].

Huajin International Holdings Limited 華津國際控股有限公司 ttp thi ku the and thi 華津國際控股有限公司 / 2023年中期報告 截至6月30日止六個月 收益（人民幣百萬元） 2,976.8 1,991.9 +49.4% （人民幣百萬元） 39.4 (58.9) Huajin International Holdings Limited 華津國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 2738 （於開曼群島註冊成立的有限公司） 股票代號：2738 中 期 報 告 華津國際控股有限公司 / 2023年中期報告 （未經審核） （未經審核） 毛利（毛損）率(%) 4.7% (0.3%) 淨利潤（虧損）率(%) 1.3% (3.0%) 每股攤薄盈利（虧損）（人民幣分） 6.57 (9.82) 每噸平均加工費（人民幣元）（附註2） 441 396 +11.4% | --- | --- | --- | --- | |--------------- ...

Financial Position - As of June 30, 2023, the net carrying amount of goodwill is HK$18,476,000, with no impairment losses recognized during the period[13][15]. - The carrying amount of interests in associates at the end of the period is HK$157,477,000, reflecting a share of post-acquisition gains of HK$6,637,000[19]. - The Group's total assets as of June 30, 2023, are reported at HK$1,000,000,000, reflecting a stable financial position[7]. - The Group's total equity as of June 30, 2023, was approximately HK$3,801.88 million, down from HK$3,869.61 million as of December 31, 2022[119]. - The Group's net current assets as of June 30, 2023, were approximately HK$2,410.39 million, with a current ratio of approximately 12.99% compared to 8.94% as of December 31, 2022[119]. - The Group's cash and cash equivalents included bank deposits of RMB25,599,000 (equivalent to HK$27,672,000) as of 30 June 2023, reflecting currency exchange restrictions[92]. - The Group's total trade and other receivables as of June 30, 2023, were HK$256,553,000, compared to HK$254,640,000 as of December 31, 2022, showing a slight increase[79]. - The Group's total trade and other payables amounted to HK$106.92 million as of June 30, 2023, a significant decrease from HK$219.26 million as of December 31, 2022[128]. Revenue and Profitability - The Group generated a total turnover of approximately HK$1,539.64 million for the six months ended June 30, 2023, representing an increase of 152.5% compared to HK$609.71 million in 2022[62]. - The operating loss for the same period was approximately HK$8.19 million, a decrease of approximately 110.5% from an operating income of HK$77.99 million in 2022[62]. - The net loss recorded was approximately HK$59.90 million, down from HK$123.11 million in 2022, indicating a significant reduction in losses[62]. - Basic and diluted loss per share were 0.13 Hong Kong cents, compared to 0.27 Hong Kong cents in the previous year[62]. - The financial services segment contributed approximately HK$36.77 million in operating income, a decrease of 62.7% or HK$61.81 million from HK$98.58 million in 2022[65]. - The Group's loss attributable to the financial services business segment was HK$3.05 million, reduced from HK$5.27 million in 2022 due to strict control on staff expenses[65]. - The Group's total operating income from financing services was approximately HK$9.52 million, representing an increase of 28.7% compared to HK$7.40 million in 2022[97]. - The net profit from financing services decreased to approximately HK$5.45 million from HK$9.09 million in 2022, primarily due to a decrease in the reversal of impairment loss[97]. Investments and Assets - The total cost of intangible assets as of June 30, 2023, is HK$437,343,000, with accumulated amortization and impairment at HK$380,398,000[17]. - The Group holds a 42.87% equity interest in Pangenia Inc, valued at HK$94,536,000 as of June 30, 2023, which provides pre-natal and oncology-related genetic diagnostics services[19][20]. - The fair value of unlisted equity securities is HK$842,008,000 as of June 30, 2023, slightly up from HK$836,618,000 as of December 31, 2022[32]. - The fair value of equity securities listed in and outside Hong Kong held for trading was HK$558,600,000[182]. - The fair value of unlisted equity securities not held for trading was HK$13,192,000, classified as financial assets at FVTPL[182]. - The fair value of unlisted equity securities classified as financial assets at FVOCI was HK$836,618,000, using significant observable inputs[182]. - The total fair value of financial assets at FVOCI was HK$842,008,000, using the market approach[180]. Operational Efficiency - The Group achieved significant improvements in operational efficiency, resulting in a substantial reduction in losses in the first half of 2023 compared to previous years[52]. - The Group's management focused on sustainable and efficient operations to navigate the challenging market environment, emphasizing the integration of internal resources in financial services[53]. - The Group has adopted diversified cost-cutting measures, which have led to significant results in reducing operational costs[48]. - The Group has reorganized underperforming business segments and terminated investments in non-controlling platforms to enhance operational efficiency[51]. - The Group's management is committed to exploring new income sources and optimizing internal processes to respond to market challenges[45]. Market Strategy and Outlook - The Group's revenue growth strategy includes market expansion and potential acquisitions to enhance service offerings[9]. - The Group's future outlook includes continued investment in technology and new product development to drive growth[12]. - The Group is cautiously optimistic for 2023, aiming to expand its market share in securities margin financing and other secured lending businesses despite economic challenges[113]. - The Group anticipates capturing new market opportunities in the dynamic Mainland China market through various wealth management platforms[116]. - The Group's strategy includes innovation in services, products, and operations to seek market opportunities and enhance its reputation[53]. Governance and Compliance - The company has established a management committee to oversee daily operations and implement strategies set by the board, enhancing governance and operational efficiency[171]. - The audit committee has reviewed the unaudited interim results for the period, ensuring compliance with financial reporting standards[173]. - The company has complied with all code provisions of the Corporate Governance Code during the period, demonstrating commitment to governance standards[171]. Credit and Risk Management - The Group maintains a large and unrelated customer base, which limits the concentration of credit risk[81]. - Management regularly monitors overdue balances to minimize credit risk associated with outstanding accounts receivable[81]. - The Group's credit terms for trade receivables generally range from 30 to 60 days[81]. - The allowance for impaired debts is determined based on the evaluation of collectability and ageing analysis of accounts receivable[81]. - The expected credit loss allowance at the beginning of the reporting period was HK$25,011,000, increasing to HK$26,236,000 by the end of the period[86].

本公司已應用良好的企業管治原則並採納上市規則附錄十四所載企業 管 治 守 則（「企 業 管 治 守 則」）所 載 守 則 條 文 為 其 企 業 管 治 守 則。於 截 至 2023年6月30日 止 六 個 月，本 公 司 已 遵 守 上 市 規 則 附 錄 十 四 所 載 企 業 管 治 守 則 的 適 用 守 則 條 文。 根 據 本 公 司 可 得 公 開 資 料 及 據 董 事 於 本 公 告 日 期 所 知，截 至2023年6月 30日 止 六 個 月 及 截 至 本 公 告 日 期，本 公 司 已 維 持 上 市 規 則 規 定 之 指 定 公 眾 持 股 量。 本 公 司 審 核 委 員 會（「審 核 委 員 會」）聯 同 本 公 司 外 聘 核 數 師 已 審 閱 本 集 團截至2023年6月30日 止 六 個 月 的 未 經 審 核 簡 明 綜 合 財 務 報 表。根 據 有 關 審 閱 及 與 管 理 層 的 討 論，審 核 委 員 會 確 信 未 經 審 核 簡 明 綜 合 財 務 報 表 是 按 適 用 的 會 計 準 則 編 製，並 公 平 呈 列 了 本 集 團 截 至2023年6 ...

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，概不就因本公 告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 MASON GROUP HOLDINGS LIMITED 茂 宸 集 團 控 股 有 限 公 司 （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） （股份代號：273） 中期業績公告 截至二零二三年六月三十日止六個月 中期業績 茂 宸 集 團 控 股 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 宣 佈 ， 本 集 團 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 （「 本期間 」）之 未 經 審 核 簡 明 綜 合 中 期 業 績 如 下 ： 簡明綜合全面收益表 截至二零二三年六月三十日止六個月 未經審核 截至六月三十日止六個月 | --- | --- | --- | --- | |--------------------------------------|-------|----- ...

Financial Performance - The company reported a net loss of RMB 165.3 million for the year 2022, compared to a profit of RMB 62.0 million in 2021, indicating a significant decline in performance [23]. - The company's revenue for 2022 was approximately RMB 4,663.6 million, a decrease of RMB 629.4 million or 11.9% compared to RMB 5,293.0 million in 2021 [50]. - The loss attributable to the company's owners for 2022 was approximately RMB 165.3 million, while in 2021, the profit attributable to the company's owners was approximately RMB 62.0 million [50]. - The financial performance in 2022 reflects the adverse effects of the economic environment related to the COVID-19 pandemic in mainland China [10]. - The group experienced negative impacts during the review period due to economic changes related to COVID-19 in mainland China, resulting in reduced revenue and increased losses [170]. Operational Efficiency - The average processing cost per ton decreased by 37.3% to RMB 336 in 2022, down from RMB 536 in 2021 [24]. - Despite an increase in sales volume of processed steel and galvanized steel products, the company's revenue was negatively impacted by a sluggish market environment [27]. - The company faced increased unit costs of sales, administrative expenses, and financial costs, contributing to the overall net loss [27]. - The company plans to continue focusing on improving operational efficiency and managing costs in response to market challenges [27]. Corporate Governance - The company has adopted corporate governance principles and complied with the applicable code provisions throughout the fiscal year ending December 31, 2022 [72][73]. - The board believes sufficient measures have been taken to ensure the company's corporate governance practices meet or exceed the standards set forth in the corporate governance code [73]. - The board consists of a sufficient number of independent non-executive directors, meeting the requirements of the Listing Rules [101]. - The company has appointed independent non-executive directors who provide oversight and ensure compliance with corporate governance standards [89]. - The board is collectively responsible for leading and supervising the company's affairs, focusing on strategic decisions and performance [85]. Shareholder Communication - The company is committed to ensuring adequate shareholder communication and will provide sufficient notice for shareholder meetings as per regulations [161]. - The board is committed to ensuring timely, fair, accurate, and complete disclosure of information to enable informed decision-making by shareholders and the public [187]. - The board has established a mechanism for shareholders to submit inquiries and concerns, ensuring transparency and communication [184]. Risk Management - The board emphasizes the importance of a robust risk management and internal control system to mitigate major risks, which includes a clear management structure and risk assessment models [165]. - The board has confirmed the effectiveness of the risk management and internal control systems during the review period, with no significant concerns affecting financial, operational, compliance, or risk management functions identified [167]. - The company has established a whistleblowing policy allowing employees and stakeholders to report potential misconduct confidentially [168]. Employee Engagement and Diversity - The company is committed to encouraging employee participation in community service initiatives [11]. - The company recognizes the importance of maintaining gender diversity in its workforce and will continue to consider this in recruitment processes [144]. - The board's composition includes 7 male directors and 0 female directors, highlighting a significant gender imbalance [144]. - As of December 31, 2022, the gender ratio among employees was 79.9% male and 20.1% female, indicating a need for gender diversity in recruitment [144]. Future Plans - The company aims to enhance its market position through strategic initiatives and potential expansions in the future [27]. - The company plans to propose a dividend, indicating a potential return to shareholders [52]. - The company intends to propose a dividend distribution of approximately 30% of the net distributable profits for the fiscal year ending December 31, subject to shareholder approval [187]. - The board does not recommend the payment of a final dividend for 2022 [199].

14 Mason Group Holdings Limited / Annual Report 2022 | --- | --- | --- | --- | |------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|----------------------------------------------------------------------------------| | | | | | | Collateral (if any) and its fair value as at 31 December | Personal g ...

Financial Performance - Revenue for the year was RMB 177,400,000, while the cost of sales was RMB (190,846,000), resulting in a net loss of RMB (11,429,000) for the year ending December 31, 2022[1]. - The group reported a basic loss per share of RMB (25.65) for the year 2022, compared to a profit of RMB 62,039,000 in 2021[20]. - The company reported a loss attributable to owners of approximately RMB 165.3 million in 2022, compared to a profit of approximately RMB 62.0 million in 2021[77]. - The group reported a loss before tax of RMB 197.4 million for 2022, compared to a profit of RMB 77.0 million in 2021, indicating a significant decline in profitability[107]. - The net loss for the year was RMB 165.3 million, compared to a profit of RMB 62.0 million in the previous year, reflecting a substantial downturn in financial performance[110]. - Basic loss per share for the year was RMB (27.55), compared to earnings per share of RMB 10.34 in 2021, highlighting a negative shift in shareholder value[110]. Revenue and Sales - Sales of cold-rolled steel products decreased to RMB 4,663,563,000 in 2022 from RMB 5,293,037,000 in 2021, representing a decline of approximately 11.9%[9]. - Sales of galvanized steel products increased significantly to RMB 1,553,571,000 in 2022, up from RMB 928,363,000 in 2021, marking a growth of approximately 67.2%[9]. - The group's revenue from China (including Hong Kong) was RMB 4,642,217,000 in 2022, down from RMB 5,277,610,000 in 2021, a decrease of approximately 12.1%[10]. - The group's total revenue for the year ended December 31, 2022, was RMB 208,750,000, with a gross loss of RMB (20,132,000)[127]. - The total revenue for the group did not have any customer contributing over 10% of the total revenue for the years ended December 31, 2022, and 2021[176]. Costs and Expenses - The gross loss margin for 2022 was approximately 0.4%, compared to a gross profit margin of 3.9% in 2021[42]. - The net loss margin for 2022 was approximately 3.5%, while the net profit margin for 2021 was 1.2%[48]. - The sales expenses decreased to approximately RMB 39.4 million in 2022, down from RMB 41.7 million in 2021, representing a reduction of about RMB 2.3 million or 5.5%[45]. - Direct labor costs increased to approximately RMB 88.6 million in 2022, up by about RMB 9.8 million or 12.4% from RMB 78.8 million in 2021[40]. - The average selling price of processed steel products decreased to RMB 4,644 per ton in 2022 from RMB 5,516 per ton in 2021, while the average selling price of galvanized steel products fell to RMB 4,524 per ton from RMB 5,888 per ton[67]. - The cost of sales in 2022 decreased to approximately RMB 4,683.7 million, down RMB 400.6 million or 7.9% from RMB 5,084.3 million in 2021[69]. Assets and Liabilities - As of December 31, 2022, the total borrowings amounted to approximately RMB 1,516.1 million, an increase from RMB 1,229.6 million in 2021, resulting in a debt-to-equity ratio of approximately 3.56 times[49]. - As of December 31, 2022, the company's current liabilities net amount was approximately RMB 452.1 million, up from RMB 229.6 million in 2021, and the net asset value was approximately RMB 425.3 million, down from RMB 587.0 million in 2021[78]. - The company's liquidity ratio as of December 31, 2022, was 76.5%, compared to 83.8% on December 31, 2021[78]. - The total amount of trade payables due within 30 days was RMB 89,101,000 in 2022, a significant increase from RMB 18,387,000 in 2021[189]. - The company's total liabilities due within one year increased to RMB 950,307,000 in 2022 from RMB 683,930,000 in 2021, representing an increase of 39.0%[166]. Government Support and Financial Position - The group received government subsidies amounting to RMB 865,000 in 2022, compared to RMB 237,000 in 2021, indicating a substantial increase in financial support[12]. - The company reported a tax credit of RMB 32.1 million in 2022, compared to a tax expense of RMB 15.0 million in 2021, suggesting a change in tax position[107]. - Government subsidies increased to RMB 4,165,000 in 2022 from RMB 3,537,000 in 2021, reflecting a growth of 17.7%[149]. - The company believes it has sufficient financial resources to meet its obligations as they fall due in the foreseeable future[117]. Operational Insights - The contribution of domestic sales in the Chinese market (including Hong Kong) accounted for over 99% of total revenue, with the remainder coming from sales to Southeast Asian customers[37]. - The group’s non-current assets are primarily located in China, emphasizing its operational focus in the region[173]. - The group faced negative impacts from the economic environment related to COVID-19 in mainland China, resulting in reduced revenue and increased losses[197]. - The group recognized deferred income of RMB 33,000,000, with RMB 3,300,000 recognized in profit or loss for the year ended December 31, 2022[177]. Changes in Accounting and Governance - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a stable accounting policy environment[2]. - The company adopted corporate governance practices in line with the applicable rules, ensuring compliance and transparency in operations[99]. - The group expects that the application of the revised accounting standards will not have a significant impact on its financial position or performance[124].