Financial Performance - Total revenue for the year ended March 31, 2021, was HKD 977 million, a decrease of 13% compared to HKD 1,123 million in 2020[26] - Operating profit increased by 30% to HKD 779 million from HKD 599 million in the previous year[26] - Net profit attributable to shareholders rose by 62% to HKD 622 million, compared to HKD 383 million in 2020[26] - Basic earnings per share increased by 62% to HKD 30.8 from HKD 19.0 in the prior year[26] - The group's revenue for the fiscal year ending March 31, 2021, was HKD 977 million, a decrease of 13% compared to the previous year[35] - The net profit attributable to shareholders increased by 62% to HKD 622 million, primarily due to increased interest income from financial investments and reduced net financing costs[35] - Revenue for the fiscal year ended March 31, 2021, was HKD 977 million, a decrease of 13% from HKD 1,123 million in the previous year[57] - Net profit attributable to shareholders for the fiscal year was HKD 622 million, compared to HKD 383 million in the previous year, representing a significant increase[57] Asset and Liability Management - Total assets increased by 13% to HKD 12,110 million from HKD 10,689 million[26] - Net asset value rose by 44% to HKD 5,078 million compared to HKD 3,519 million in 2020[26] - Net debt decreased by 22% to HKD 5,054 million from HKD 6,458 million[26] - The debt-to-revalued net asset ratio improved to 37% from 52% in the previous year, a reduction of 15%[26] - The group's total assets as of March 31, 2021, were valued at HKD 12,110,000,000, up from HKD 10,689,000,000 a year earlier[47] - The net asset value of the group increased to HKD 5,078,000,000, primarily due to gains recognized from the valuation of listed debt securities[47] - The group's net debt amounted to HKD 5,054,000,000, a decrease from HKD 6,458,000,000 the previous year[48] - The debt-to-asset ratio, expressed as net debt to revalued net asset value, was 37% as of March 31, 2021, down from 52% a year earlier[49] Hotel Business Impact - The hotel business was severely impacted by strict travel restrictions due to the COVID-19 pandemic, leading to a significant decrease in revenue and gross profit[35] - The number of overnight visitors in Hong Kong plummeted by 99% from April 2020 to March 2021 due to pandemic-related travel restrictions[39] - The occupancy rate and average room rate of the Royal Garden Hotel decreased by 43% and 56% respectively, leading to an overall operational revenue decline of about 90%[39] - The total supply of hotel rooms in Hong Kong reached approximately 85,700, an increase of 3% compared to the previous year[39] Environmental Performance - Environmental performance showed a reduction in greenhouse gas emissions, with total emissions decreasing from 9,969 tons in 2020 to 7,736 tons in 2021[66] - Construction and demolition waste increased to 134 tons in 2021 from 119 tons in 2020, representing a 12.6% rise[69] - Total direct energy consumption from electricity decreased to 10,779,000 kWh in 2021 from 13,628,000 kWh in 2020, a reduction of 21.5%[71] - Indirect energy consumption from fuel dropped to 2,838,000 MJ in 2021 from 5,211,000 MJ in 2020, a decrease of 45.4%[71] - Water consumption reduced to 73,000 cubic meters in 2021 from 108,000 cubic meters in 2020, reflecting a 32.4% decline[71] - The company has implemented a water-saving plan by reducing the frequency of changing bed linens, aiming to decrease water usage[73] - The company has upgraded to energy-efficient equipment in various areas, including ventilation and kitchen appliances, to enhance energy savings[70] - The company monitors energy and fuel consumption daily to identify potential savings opportunities[70] - The company has adopted a strict standard for construction materials used in property development, focusing on environmentally friendly products[85] - The company encourages the use of electronic communication and documentation to reduce paper consumption[73] Corporate Governance - The board held four meetings during the year to review long-term business direction and strategies[105] - The board consists of six executive directors and three independent non-executive directors, ensuring a separation of roles between the chairman and the CEO[101] - The group aims to maintain high standards of corporate governance through transparency, independence, accountability, and fairness[100] - The company emphasizes the importance of board diversity, considering factors such as gender, age, cultural background, and industry experience in its evaluation process[107] - The remuneration committee, chaired by an independent non-executive director, aims to provide fair market compensation to attract and retain high-quality employees[109] - The audit committee conducted two meetings during the year to review the company's annual and interim financial statements, ensuring compliance with financial reporting procedures[110] - The company has established a risk management framework to achieve its business objectives, with the audit committee reviewing the effectiveness of the risk management system at least once per fiscal year[115] - Internal controls are in place to identify and manage risks that could impede the company's business goals, providing reasonable assurance against operational failures and fraud[116] - The internal audit function employs a risk-based approach, focusing on high-risk areas of the business and reporting findings to senior management[117] - The company strictly prohibits unauthorized access to insider information and evaluates potential insider information for necessary disclosures[119] Social Responsibility - The group has not received any reports of corruption or violations of anti-corruption regulations during the reporting year[91] - The group donated a total of HKD 249,000 to various charitable organizations during the reporting year[97] - The group has been recognized for over ten years as a "Caring Company" and will continue to contribute to society and the community[98] - The group actively practices corporate social responsibility, focusing on urgent social issues and supporting those in need[92] - The group has collaborated with local rehabilitation service organizations since 1999 to support children with special needs[95] - The group provided anti-epidemic supplies to a local rehabilitation organization, including 7,500 disposable children's masks and 150 bottles of hand sanitizer[96] Shareholder Engagement - The company is committed to providing high transparency to shareholders and investors, holding multiple meetings with local and institutional investors throughout the year[134] - The company encourages continuous professional development for its directors, with various training sessions attended, ensuring compliance with corporate governance standards[131] - Shareholders can propose resolutions at the annual general meeting if they represent at least 1/20 of the voting rights or a minimum of 100 shareholders[123] - The company has a dedicated website for shareholders and investors to access timely information about its performance[134] - The company has established procedures for shareholders to submit inquiries to the board, ensuring open communication[135] Management and Team Structure - The company has a strong management team with extensive experience in project management and finance, including the CFO who has over 30 years of experience[146] - The company is focused on business development and project management, with key executives responsible for these areas having relevant educational backgrounds and experience[141][142] - The independent non-executive directors bring over 25 years of legal and financial experience, enhancing the company's governance[147][151] - The management team includes individuals with significant experience in engineering, project management, and finance, contributing to strategic decision-making[140][145] - The board of directors is composed of experienced professionals from various fields, ensuring a well-rounded governance structure[144][149] Dividend Policy - The company may declare dividends in the future based on operational, profit, financial condition, cash needs, and other relevant factors, with the amount subject to board discretion[136] - The company reported a final dividend of HKD 0.65 per share for the year ended March 31, 2021, totaling HKD 13,117,000, with no interim dividend declared for the previous year[163] - The company has no mid-term dividends declared for the year, consistent with the previous year[163] - The company has a commitment to maintaining compliance with Bermuda Company Law and its own organizational documents regarding dividend declarations[136] - The company emphasizes the importance of shareholder approval for any future dividend declarations, reflecting a commitment to corporate governance[136]

Financial Performance - Total revenue for the six months ended September 30, 2020, was HKD 494 million, a decrease of 23% compared to HKD 643 million in the same period last year[7]. - Operating profit was HKD 378 million, slightly up by 1% from HKD 377 million year-on-year[7]. - Profit attributable to shareholders increased by 19% to HKD 302 million, compared to HKD 254 million in the previous year[7]. - Basic earnings per share rose to HKD 15.0, up 19% from HKD 12.6 in the prior year[7]. - Net profit for the period increased to HKD 302.7 million, compared to HKD 253.9 million in 2019, reflecting a growth of 19.2%[39]. - Total comprehensive income for the period reached HKD 1,000,784,000, a significant recovery from a loss of HKD 5,459,000 in the prior period[42]. - The profit before tax was reported at HKD 293,256,000, showcasing the company's ability to maintain profitability despite challenging market conditions[76]. Assets and Liabilities - Total assets increased by 11% to HKD 11,914 million from HKD 10,689 million year-on-year[7]. - The total asset value as of September 30, 2020, was HKD 11,914,000,000, compared to HKD 10,689,000,000 as of March 31, 2020[21]. - The group's net debt amounted to HKD 6,541,000,000 as of September 30, 2020, slightly up from HKD 6,458,000,000 as of March 31, 2020[24]. - The total liabilities were HKD 6,630,522,000, with borrowings accounting for HKD 3,452,197,000, reflecting a significant portion of the company's financial structure[80]. - The asset-liability ratio was 50% as of September 30, 2020, down from 52% as of March 31, 2020[25]. - The company's total liabilities stood at HKD 6,630,522 as of September 30, 2020, compared to HKD 6,576,953 as of March 31, 2020[146]. Investment and Financial Portfolio - As of September 30, 2020, the financial investment portfolio amounted to HKD 7,162,000,000, an increase from HKD 6,052,000,000 as of March 31, 2020, primarily due to fair value gains and net securities increases[20]. - Interest income for the investment portfolio totaled HKD 474,000,000, up from HKD 422,000,000 in 2019, attributed to new investments in the debt portfolio[20]. - The fair value of financial assets measured at fair value through other comprehensive income was HKD 7,036,324,000 as of September 30, 2020, compared to HKD 5,882,258,000 as of March 31, 2020, marking an increase of approximately 19.6%[67]. - The company reported a net loss on financial assets at fair value through profit or loss of HKD 34,185,000 as of September 30, 2020, compared to HKD 34,201,000 as of March 31, 2020, showing a slight improvement[67]. - The company’s cash flow hedge recorded a fair value loss of HKD 50,568,000 for the period ended September 30, 2020[67]. Hotel Operations - The number of overnight visitors to Hong Kong decreased by 99.5%, with only 60,000 visitors recorded during the period[14]. - The hotel occupancy rate and average room rate fell by 82% and 66% respectively, leading to a significant revenue drop of approximately 92% in hotel operations[14]. - The hotel business generated revenue of HKD 12,438,000, while property development and financial investments contributed HKD 497,000 and HKD 474,349,000 respectively[76]. - Management is actively preparing measures to mitigate the impact of the pandemic on hotel operations, with a cautious optimism regarding future performance[8]. Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2020, consistent with the previous year[106]. - The issued and fully paid shares remained at 2,018,040,477 with a total value of HKD 40,361 as of both September 30, 2020, and March 31, 2020[152]. - The Sai Group Limited holds 1,298,709,227 shares, representing 64.35% of the issued share capital[186]. - Asia Orient Holdings (BVI) Limited has a stake of 1,346,158,049 shares, accounting for 66.70% of the issued share capital[186]. Cost Management and Future Outlook - The company continues to monitor macroeconomic trends and future risks while maintaining a focus on cost management and efficiency improvements[8]. - The company anticipates a rapid recovery of economic activities in 2021, benefiting from the reopening of borders between Hong Kong and mainland China[8]. - The company plans to continue focusing on its core hotel and property development businesses while exploring opportunities for market expansion and new product development[76].

Financial Performance - The company reported a net profit of approximately HKD 383 million for the year, an increase of 13% from HKD 340 million in the previous year[15]. - Revenue decreased by 6% to HKD 1,123 million compared to HKD 1,199 million in the previous year[9]. - Operating profit increased by 12% to HKD 599 million, up from HKD 537 million in the previous year[9]. - Basic earnings per share rose to HKD 0.190, compared to HKD 0.168 in the previous year, reflecting a 13% increase[9]. - Profit attributable to shareholders increased by 13% to HKD 383,000,000, primarily due to a significant increase in operating profit from financial investments[26]. - The group's revenue for the fiscal year ending March 31, 2020, was HKD 1,123,000,000, a decrease of 6% compared to the previous year[26]. - The group reported a net profit attributable to shareholders of HKD 383 million for the year, an increase of 12.6% from HKD 340 million in the previous year[52]. Asset and Liability Management - The revalued net asset value decreased by 9% to HKD 12.4 billion[15]. - The total asset value decreased by 7% to HKD 10,689 million from HKD 11,512 million[9]. - The net asset value decreased to HKD 3,519 million as of March 31, 2020, down from HKD 4,193 million a year earlier, primarily due to losses recognized on listed debt securities[40]. - The group's revalued total assets amounted to HKD 19,527 million, a decline of 6.5% from HKD 20,892 million as of March 31, 2019[52]. - The net debt position was HKD 6,458 million as of March 31, 2020, compared to HKD 6,639 million in the previous year[43]. - The debt-to-equity ratio increased to 52%, up from 49% in the previous year[8]. - The asset-liability ratio increased to 52% as of March 31, 2020, compared to 49% a year earlier[45]. Investment and Development - The total sales contracts for residential units in the Landmark on Robson project reached approximately CAD 140 million as of March 31, 2020[15]. - The total sales contracts for residential units at the Empire Landmark hotel project in Vancouver reached approximately CAD 140,000,000 as of March 31, 2020[36]. - The financial investment portfolio amounted to HKD 6,052,000,000, down from HKD 6,987,000,000 the previous year[39]. - The group is actively seeking quality and large residential development opportunities in Vancouver to expand its real estate business[21]. - The group is focused on expanding its hotel business in prime locations in Hong Kong, targeting business travelers and visitors from mainland China[20]. Economic Outlook - The company remains cautiously optimistic about the global economic recovery in the next six to twelve months[15]. - The company expects a strong rebound in the Hong Kong economy post-COVID-19, driven by the Belt and Road Initiative and the Greater Bay Area growth[48]. Environmental Initiatives - The total greenhouse gas emissions for the group in 2020 were 9,969 tons, a decrease of 6% from 10,601 tons in 2019[65]. - The group reduced direct energy consumption from electricity to 13,628,000 kWh in 2020, down from 14,577,000 kWh in 2019, representing a 6.5% decrease[69]. - Water consumption decreased to 108,000 cubic meters in 2020 from 161,000 cubic meters in 2019, indicating a reduction of approximately 33%[69]. - The group has implemented energy-efficient systems, including replacing air conditioning systems in hotels, contributing to reduced energy consumption[66]. - The group encourages employees to adopt energy-saving measures and has implemented various environmental initiatives in hotel operations[71]. - The group has not faced any penalties for environmental protection violations during the reporting year[62]. Corporate Governance - The board consists of six executive directors and three independent non-executive directors, with the chairman and CEO being different individuals[102]. - The board held three meetings during the year, with all directors attending all meetings[106]. - The remuneration committee, chaired by an independent non-executive director, reviewed and approved the remuneration packages for directors and senior management[111]. - The audit committee, composed of all independent non-executive directors, held two meetings to review the financial reporting process and internal controls[112]. - The company confirmed compliance with the standard code for securities trading by all directors during the fiscal year[113]. - The board has a diversity policy that considers various factors such as gender, age, and industry experience when assessing its composition[107]. - The board reviewed the contributions of retiring directors and recommended their re-election at the upcoming annual general meeting[110]. - The management team is authorized to make decisions under the leadership of the CEO, ensuring daily operations align with the board's adopted strategies[103]. - The company is committed to providing fair market remuneration to attract and retain high-quality employees[111]. - The board has reviewed corporate governance policies and ensured compliance with relevant laws and regulations[103]. Shareholder Engagement - The company allows shareholders to propose resolutions at the annual general meeting, requiring a minimum of 1/20 of the total voting rights or at least 100 shareholders to make a request[125]. - The company emphasizes high transparency to shareholders and investors, holding multiple meetings with local and institutional investors throughout the year[138]. - The board of directors is committed to providing clear and comprehensive performance information through interim and annual reports, announcements, circulars, and press releases[138]. - The company has a dedicated website for shareholders, investors, and the public to access timely information[139]. Employee Welfare - The company provided medical insurance and competitive benefits to ensure employee health and safety[73]. - The company conducted various training programs to enhance occupational safety and customer service skills[75]. - The company complied with all relevant laws regarding the prevention of child labor and forced labor[77]. Charitable Contributions - The company donated a total of HKD 1,097,000 to various charitable organizations during the reporting year[97]. - The group made charitable and other donations of HKD 1,097,000 during the year, compared to HKD 684,000 in 2019[178]. - The company received the "10 Years+ Caring Company" award from the Hong Kong Council of Social Service, recognizing its contributions to social welfare[97].

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 643 million, an increase of 18% compared to HKD 543 million in 2018[7]. - Operating profit rose to HKD 377 million, reflecting a 75% increase from HKD 215 million in the previous year[7]. - Profit attributable to shareholders increased by 98% to HKD 254 million, up from HKD 128 million in 2018[7]. - Basic earnings per share reached HKD 12.6, a 97% increase compared to HKD 6.4 in the same period last year[7]. - Total revenue for the six months ended September 30, 2019, was HKD 642.863 million, an increase of 18.5% from HKD 542.543 million in the same period of 2018[35]. - Operating profit for the same period was HKD 377.464 million, up 75.2% from HKD 215.418 million year-on-year[35]. - Net profit for the period was HKD 253.889 million, compared to HKD 128.486 million in the previous year, representing a growth of 97.7%[35]. - The group reported a net profit of HKD 253,518,000 for the period, compared to HKD 128,258,000 in the previous year, representing a year-on-year increase of approximately 97%[49]. Assets and Liabilities - Total assets as of September 30, 2019, were HKD 11,013 million, a decrease of 4% from HKD 11,512 million[7]. - Net asset value decreased by 1% to HKD 4,158 million from HKD 4,193 million[7]. - The group's net liabilities amounted to HKD 6,165,000,000 as of September 30, 2019, compared to HKD 6,639,000,000 as of March 31, 2019[20]. - The group's current asset net value was HKD 5,595,000,000 as of September 30, 2019, an increase from HKD 5,231,000,000 as of March 31, 2019[20]. - The total liabilities decreased to HKD 5,184,004,000 from HKD 4,781,340,000, reflecting a reduction in overall debt levels[43]. - The company's total liabilities amounted to HKD 6,226,321, a decrease of 7.3% from HKD 6,719,055 on March 31, 2019[157]. Debt and Equity - The debt-to-equity ratio improved to 45% from 49% in the previous period[7]. - The debt-to-equity ratio was 45% as of September 30, 2019, down from 49% as of March 31, 2019[20]. - Total bank borrowings amount to 11% in revolving loans (10% secured), 68% in secured term loans, and 21% in unsecured term loans[22]. - 21% of borrowings are due within one year, 24% within one to two years, and 55% within three to five years[22]. - The company's equity attributable to shareholders decreased slightly to HKD 4,159,322,000 from HKD 4,194,917,000, indicating a minor decline in shareholder value[49]. - The company's total equity as of September 30, 2019, is HKD 4,118,961, reflecting a decrease from HKD 4,154,556 on March 31, 2019[164]. Investment and Market Performance - The financial investment portfolio was valued at HKD 6,395,000,000 as of September 30, 2019, down from HKD 6,987,000,000 as of March 31, 2019, primarily due to net securities disposals and fair value losses[18]. - The group recognized a net investment income of HKD 43,217,000 from the sale of equity and debt securities during the period[99]. - The group reported a net investment loss of HKD 27,480,000 for the period, contrasting with a net gain of HKD 19,865,000 in the previous year[95]. - The group reported a total investment cost of HKD 6,568,836,000 for debt securities as of September 30, 2019[141]. - The market value of the debt securities held was HKD 6,123,442,000 as of September 30, 2019[141]. Operational Insights - The average occupancy rate and average room rate in Hong Kong decreased by 13% and 17% respectively, negatively impacting gross profit[12]. - The number of visitors to Hong Kong decreased by 8% to 29,000,000, while overnight visitors dropped by 14% to 12,000,000, with mainland China visitors accounting for 69% of total arrivals[12]. - The group continues to take short-term and long-term actions to control costs and improve efficiency in the hotel business due to a slow recovery in the tourism market[26]. - The strong and recurring earnings from the fixed income investment portfolio are sufficient to offset negative impacts from the hotel business[26]. Future Outlook - The company plans to continue expanding its market presence and enhancing its service offerings in the hospitality sector[9]. - Management maintains a cautiously optimistic outlook on the group's performance amid macroeconomic uncertainties[24]. - Future outlook includes potential market expansion and new product development, although specific figures were not disclosed in the report[80]. Shareholder Information - The company’s shareholding structure shows that Pan Zheng holds 66.71% of the issued shares, indicating significant control[174]. - Major shareholder Sai Group Limited holds 1,298,709,227 shares, representing 64.35% of the issued share capital[194]. - The company has 2,692,316,098 convertible bonds held by Pan Zheng, redeemable at HKD 0.453 per bond until February 23, 2047[189]. - The company has 2,597,418,454 convertible bonds held by Sai Group, representing significant equity interest[197].

Financial Performance - The company reported a net profit of approximately HKD 340 million for the year, up from HKD 172 million the previous year, representing a 98% increase[19]. - Revenue increased by 42% to HKD 1,199 million, compared to HKD 843 million in the previous year[15]. - Operating profit surged by 107% to HKD 537 million, up from HKD 260 million in the prior year[15]. - Basic earnings per share rose to HKD 16.8 cents, a 98% increase from HKD 8.5 cents in the previous year[15]. - Total assets increased by 26% to HKD 11,512 million, compared to HKD 9,101 million in the previous year[15]. - The net asset value increased by 7% to HKD 4,193 million, up from HKD 3,919 million[15]. - The company’s debt net increased by 42% to HKD 6,639 million, compared to HKD 4,675 million in the previous year[15]. - Total liabilities rose to HKD 7,319 million, up 41.2% from HKD 5,182 million in 2018[54]. - The total equity attributable to shareholders was HKD 4,193 million, up from HKD 3,919 million, primarily due to increased income from the expanded debt securities investment portfolio[45]. Hotel Operations - Shareholders' profit increased by 98% to HKD 340,000,000, primarily due to improved average daily room rates in the hotel business[33]. - The average daily room rate increased by 10% year-on-year, with an occupancy rate of 93% for the group's hotels in Hong Kong[37]. - The group launched a new hotel in Tsim Sha Tsui in December 2018, achieving over 90% occupancy within four months of operation[40]. - The group anticipates strong demand for hotel rooms in Hong Kong due to rising tourist numbers and improved travel infrastructure[50]. - The total hotel room supply in Hong Kong was approximately 83,000, a 5% increase compared to the same period last year[37]. Development Projects - The company plans to develop two buildings at 1468 Alberni Street in Vancouver, with total sales contracts for residential units amounting to approximately HKD 823 million[23]. - The group has ongoing development projects, including Landmark on Robson in Vancouver, expected to be completed in 2023, with a total floor area of 400,000 square feet[58]. - The residential sales contract amount for the Empire Landmark hotel project reached CAD 140,000,000 (approximately HKD 823,000,000) as of March 31, 2019[40]. - The group completed the acquisition of a property on Alberni Street for CAD 130,000,000 (approximately HKD 764,000,000) to develop high-end residential units[41]. Environmental Initiatives - The total greenhouse gas emissions for the year were 10,601,000 kg, a decrease from 10,976,000 kg in 2018[68]. - The total direct energy consumption from electricity was 14,577,000 kWh, a reduction from 15,068,000 kWh in 2018[75]. - Water consumption decreased from 184,000 cubic meters in 2018 to 161,000 cubic meters in 2019, representing a reduction of approximately 12.5%[76]. - The company has implemented energy-saving measures, including upgrading to water-cooled air conditioning systems in key hotels[71]. - The company has implemented an eco-friendly program to reduce linen changes in guest rooms, aiming to lower water usage[78]. Community Engagement - The company has actively engaged in community investment initiatives, including the "Art for Children" program, which supports children with special needs[99]. - The company received the "10 Years + Caring Company" award from the Hong Kong Council of Social Service for its contributions to social responsibility[101]. - The company donated a total of HKD 684,000 to various charitable organizations during the reporting year[109]. - The company organized two "Festival Craft Workshops" for 24 pairs of students and parents from the Hong Kong Society for the Blind, promoting community engagement[108]. - The company held a "Table Etiquette Class" for students from the Hong Kong Society for the Blind, enhancing their social skills[106]. Corporate Governance - The company is committed to maintaining high corporate governance standards through transparency, accountability, and fairness[113]. - The board consists of six executive directors and three independent non-executive directors, ensuring a balanced governance structure[114]. - The remuneration committee, chaired by an independent non-executive director, is responsible for recommending and approving the remuneration policies for directors and senior management, ensuring fair market compensation to attract and retain high-quality employees[123]. - The audit committee, composed of independent non-executive directors, reviews and supervises the financial reporting process, risk management, and internal controls, holding at least two meetings annually to assess the effectiveness of these systems[124]. - The company has established a risk management framework to achieve business objectives, with the board responsible for maintaining an effective risk management and internal control system[129]. Shareholder Information - The company proposed a final dividend of HKD 0.65 per share for the year ended March 31, 2019, totaling HKD 13,117,000, an increase from HKD 12,915,000 in 2018[184]. - The company has a dedicated website for shareholders and the public to access timely information[152]. - The board may declare dividends in the future based on the group's operations, profitability, financial condition, and cash needs[156]. - The company encourages continuous professional development for all directors, with various training categories recorded[150]. - The company has maintained its commitment to director and senior management liability insurance[199].