致：香港交易及結算所有限公司 公司名稱: Chuang's China Investments Limited (莊士中國投資有限公司) 呈交日期: 2025年9月3日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00298 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 18,000,000,000 | HKD | | 0.05 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 18,000,000,000 | HK ...

Core Viewpoint - The recent trading activities of renowned fund manager Feng Liu reveal significant adjustments in holdings, particularly in Angel Yeast and Dongcheng Pharmaceutical, indicating a strategic shift among institutional investors during the semi-annual report disclosure period [1][2][5]. Group 1: Angel Yeast (600298) - Angel Yeast reported a revenue of approximately 7.899 billion yuan for the first half of the year, reflecting a year-on-year growth of 10.1%, and a net profit attributable to shareholders of about 799 million yuan, up 15.66% [3][4]. - Feng Liu's Gao Yi Lin Shan No. 1 Fund increased its stake in Angel Yeast by 3.5 million shares in Q2, bringing the total holdings to 35 million shares, valued at over 1.2 billion yuan [2][3]. - The company has shown signs of fundamental recovery, with domestic business growth in Q2 and sustained high growth in overseas markets, while its valuation remains at a historically low level [4]. Group 2: Dongcheng Pharmaceutical - In contrast to the increase in Angel Yeast, Feng Liu's fund reduced its holdings in Dongcheng Pharmaceutical by 4 million shares in Q2, bringing the total to 17.5 million shares [5][6]. - Dongcheng Pharmaceutical's market capitalization is approximately 14.925 billion yuan, with a share price of 18.10 yuan [6]. Group 3: Institutional Investment Trends - The semi-annual report period is often a window for institutional investors to adjust their portfolios, with a focus on sectors like traditional consumption, non-bank financials, innovative pharmaceuticals, and technology stocks [1][4]. - Data shows that 12 major private equity firms have disclosed holdings in 18 A-share listed companies, with a total market value of 18.785 billion yuan, indicating a trend towards increasing positions in the pharmaceutical and technology sectors [7].

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 佈 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佈全部或 任何部份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。 授出豁免嚴格遵守上市規則第14.41 (A)條及 延遲寄發通函 茲提述由Chuang's China Investments Limited（ 莊士中國投資有限公司 ）（「本公司」）及 Chuang's Consortium International Limited（ 莊士機構國際有限公司 ）日期為2025年 7 月 30 日之 聯合 公佈（「該 公 佈」）， 內容 有 關轉 讓事 項（ 定 義見 該公 佈 ），根 據 上市 規則第14章構成本公司之主要交易。除文義另有所指外，本公佈所用詞彙與該公 佈所界定者具相同涵義。 根據上市規則第14.41 (a)條，一份載有（ 其中包括）轉讓事項之進一步資料及上市規 則規定之其 他資料之通函（「通函」）須 於刊發該公佈後15個 營業日內（ 即於2025 年 8月20日或之前）寄發予本公司股東。 由 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Chuang's China Investments Limited (莊士中國投資有限公司) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00298 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 18,000,000,000 | HKD | | 0.05 HKD | | 900,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 18,000,000,000 | HKD | | 0.05 HKD | ...

Core Viewpoint - Zhuangshi China (00298.HK) has announced a debt transfer agreement that allows the company to convert a high-risk, illiquid asset into immediate cash, thereby improving its financial position and focusing on core business activities [1] Debt Transfer Details - The debt being transferred amounts to approximately RMB 152,500,000, which includes investment costs, rent, and loans, with accrued interest and other costs [1] - As of the announcement date, approximately RMB 15,400,000 has already been recovered from the debt [1] - The final amount of the debt will be subject to further interest accrual until the actual repayment date by the debtor [1] Financial Implications - The transfer price of RMB 95,000,000 was determined through fair negotiation, considering the prospects of recovering the debt and associated risks [1] - This transaction allows Zhuangshi China to reduce legal and execution risks while enhancing its financial health [1] - The board of Zhuangshi China believes that the terms of the debt transfer agreement are fair and reasonable, aligning with the overall best interests of the company and its shareholders [1]

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聯合公佈之內容概不 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聯合公佈 全部或任何部份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。 須予披露交易： 債權轉讓 主要交易： 債權轉讓 之有關聯合公佈 莊士中國投資有限公司之財務顧問 債權轉讓合同 莊 士 機 構 董 事 會 及 莊 士 中 國 董 事 會 宣 佈 ， 於 2025 年 7 月 30 日（ 交 易 時 段 後 ）， 轉 讓人（ 各自為莊士中國之間接全資附屬公司 ）、承讓人及擔保人訂立債權轉讓合 同，據此，轉讓人已同意轉讓而承讓人已同意接納債權轉讓。 債權源自有關莊士中國集團於成都項目持有51 %權益之中國法律訴訟，該等法 律訴 訟早 前已於 莊士 中國 及莊 士機構 日期 為2016 年5 月 31 日、2018 年6 月 1 日、 2019 年12 月12 日、2019 年12 月31 日及2021 年2 月10 日之聯合 公佈以及 莊士中國 及莊士機構過往年度之年報中披露。 代價人民幣95,000,000元（ 相等於約103,600,000港元 ）乃轉讓人與承讓人 ...

Financial Performance - The company reported a loss attributable to equity holders of HKD 394.9 million for the year ended March 31, 2025[3]. - Revenue for the year was HKD 86.044 million, a decrease from HKD 90.607 million in the previous year, representing a decline of approximately 5.8%[4]. - The gross loss was HKD 48.475 million, improved from a gross loss of HKD 116.951 million in the prior year[4]. - Operating loss for the year was HKD 426.253 million, compared to HKD 338.493 million in the previous year, reflecting a worsening operational performance[4]. - The basic and diluted loss per share was HKD 0.1683, compared to HKD 0.1367 in the previous year, indicating an increase in losses per share[4]. - Total comprehensive loss for the year was HKD 441.145 million, slightly improved from HKD 476.030 million in the previous year[5]. - The company reported a significant decrease in other comprehensive income, with a net exchange difference of HKD (3.944) million compared to HKD (120.065) million in the previous year[5]. - The fair value change of financial assets amounted to HKD (38.926) million, worsening from HKD (19.744) million in the prior year[5]. - The net loss for the year 2025 is projected at HKD (396,466) million, compared to HKD (323,043) million in 2024, representing an increase in losses of approximately 22.8%[17][18]. Assets and Liabilities - Total assets decreased from HKD 3,918,718,000 in 2024 to HKD 3,406,041,000 in 2025, a decline of approximately 13.0%[6]. - Non-current assets decreased from HKD 2,158,980,000 in 2024 to HKD 1,723,753,000 in 2025, a reduction of about 20.2%[6]. - Current assets decreased from HKD 2,525,227,000 in 2024 to HKD 1,893,938,000 in 2025, representing a decline of approximately 25.0%[6]. - Total liabilities decreased from HKD 776,269,000 in 2024 to HKD 211,650,000 in 2025, a significant reduction of about 72.8%[7]. - Cash and cash equivalents dropped from HKD 920,141,000 in 2024 to HKD 367,783,000 in 2025, a decrease of approximately 60.0%[6]. - The company's equity decreased from HKD 3,428,956,000 in 2024 to HKD 2,987,811,000 in 2025, a decline of about 12.8%[7]. - The company’s non-current liabilities decreased from HKD 489,762,000 in 2024 to HKD 418,230,000 in 2025, a decline of approximately 14.6%[7]. Revenue Breakdown - Revenue from sales of goods was HKD 49,723,000, up from HKD 44,077,000, indicating a growth of about 12.0%[14]. - Rental income and management fees amounted to HKD 19,579,000, slightly down from HKD 20,089,000, reflecting a decrease of approximately 2.5%[14]. - Revenue from asset sales was HKD 18,307,000, down from HKD 21,288,000, showing a decline of about 13.9%[14]. - The total revenue from the Hong Kong region for 2025 is HKD 49,579 million, a decrease from HKD 10,258 million in 2024, reflecting a decline of approximately 51.6%[19]. Accounting Standards and Compliance - The group has assessed the impact of new accounting standards and interpretations, concluding that they will not have a significant effect on performance or financial position[11]. - The group plans to adopt new accounting standards effective from April 1, 2025, but does not expect significant changes in financial reporting[12]. - The group is currently evaluating the potential impact of new standards that will take effect from January 1, 2026, and anticipates no major changes in financial performance[13]. - The group has not adopted certain new standards and interpretations early, which will be mandatory from April 1, 2025[12]. - The group has adhered to the listing rules and established an audit committee to oversee financial reporting and risk management[65]. Operational Insights - The main operating decisions are made by the executive directors and senior management, who evaluate performance based on internal reports[15]. - The group operates in various segments, including property development, investment, and cemetery operations, which are assessed for performance and resource allocation[15]. - The group will optimize its business operations and seek opportunities to increase cash reserves for maximum shareholder returns[61]. Market and Economic Outlook - The group has a cautious outlook on the global economic environment, particularly in China, where government support policies are stabilizing the real estate market[61]. - The real estate market in Hong Kong is expected to gradually recover due to government measures and interest rate reductions[61]. Employee and Corporate Governance - As of March 31, 2025, the group employed 72 staff members and offers various employee benefits, including discretionary bonuses and medical insurance[63]. - The group will suspend share registration procedures from September 10 to September 15, 2025, for the annual general meeting[62]. - The preliminary announcement of the group's performance for the year ending March 31, 2025, has been agreed upon by the auditors[68]. Investment and Asset Management - The company holds a 61.15% stake in Profit Stability Investments Limited, a subsidiary registered in the British Virgin Islands[9]. - The group holds approximately 19.35% interest in Beihai Group and 0.6% in Zhongqi Group, with total investment value of approximately HKD 84.2 million as of March 31, 2025[54]. - The group has a total investment of HKD 124 million, including HKD 26.6 million in listed company bonds and HKD 200,000 in securities listed on the exchange[55]. - The group recorded a pre-tax loss of HKD 7.9 million from investments, including HKD 600,000 from bond interest and other income[56].

Financial Performance - The company reported a loss attributable to equity holders of HKD 176.2 million for the six months ended September 30, 2024, a decrease of approximately 15.7% compared to a loss of HKD 209 million in the same period last year[26]. - Total revenue decreased by 70.4% to approximately HKD 20.9 million, down from HKD 70.6 million in 2023, primarily due to the absence of property sales recorded in the previous year[21]. - The gross profit for the period was HKD 10.9 million, compared to a gross loss of HKD 47.3 million in 2023, resulting in a gross margin of 52.1%[25]. - Other income and net gains recorded approximately HKD 14.4 million, compared to a net loss of HKD 55.2 million in 2023[25]. - The operating loss for the six months was HKD 206,526,000, an improvement from a loss of HKD 226,208,000 in the previous year[76]. - The net loss attributable to equity holders for the period was HKD 176,184,000, compared to HKD 209,010,000 in the prior year, indicating a reduction in losses[76]. - Basic and diluted loss per share was HKD 7.51, an improvement from HKD 8.91 in the same period last year[76]. - Other comprehensive income for the period totaled HKD 72,657,000, a significant recovery from a loss of HKD 167,147,000 in the previous year[78]. - Total comprehensive loss for the period was HKD 104,673,000, down from HKD 376,621,000 in the prior year, indicating a 72.1% reduction in total losses[78]. Revenue Sources - Rental and management fee income was approximately HKD 10.3 million, an increase from HKD 9.9 million in 2023[21]. - Sales of cemetery assets generated revenue of HKD 10,255,000, an increase from HKD 9,060,000 in the previous year, indicating a growth of approximately 13.2%[108]. - Revenue from customer contracts for 2024 amounted to HKD 10,388,000, with additional income from other sources totaling HKD 9,529,000[113]. - The company generated HKD 11,235,000 in revenue from Malaysia, with total revenue from Hong Kong reaching HKD 3,295,000[120]. Assets and Liabilities - The company’s cash reserves totaled HKD 541 million, including HKD 22.3 million in bonds and securities investments, with bank borrowings amounting to HKD 253 million[20]. - Non-current assets decreased to HKD 1,955,881,000 from HKD 2,158,980,000, reflecting a decline of 9.4%[81]. - Current assets also decreased to HKD 2,218,365,000 from HKD 2,525,227,000, a reduction of 12.1%[82]. - The company’s total equity as of September 30, 2024, was HKD 3,324,283,000, down from HKD 3,428,956,000 at the end of March 2024[82]. - The company reported total assets as of September 30, 2024, were valued at HKD 2,389,736,000, with total liabilities amounting to HKD 518,657,000[113]. Investment Properties - The fair value loss on investment properties was HKD 154.2 million, primarily from properties in Anshan, Liaoning Province, China[25]. - The valuation of the property in Anshan, Liaoning has decreased to RMB 380,000,000 (approximately HKD 423,300,000) due to a sluggish economy and real estate market[31]. - The hotel and resort villas in Xiamen, Fujian, valued at RMB 383,200,000 (approximately HKD 426,000,000), generated an annual rental income of approximately RMB 18,500,000 (about HKD 20,600,000)[34]. - The commercial property in Dongguan has a valuation of RMB 34,200,000 (approximately HKD 38,100,000) and an annual rental income of about RMB 700,000 (approximately HKD 800,000)[38]. - The office building in Kuala Lumpur has a valuation of MYR 158,800,000 (approximately HKD 300,000,000) with an occupancy rate of 57% and annual rental income of MYR 5,400,000 (approximately HKD 10,200,000)[38]. Cash Flow and Financing - The group holds cash and bank balances of HKD 518,700,000, down from HKD 920,100,000 as of March 31, 2024, indicating a decrease of approximately 43.6%[57]. - The company reported net cash used in operating activities of HKD 45,695,000, an improvement from HKD 117,557,000 in the previous year[85]. - As of September 30, 2024, the group’s bank borrowings amounted to HKD 253,000,000, significantly reduced from HKD 652,300,000 as of March 31, 2024[57]. - Long-term bank borrowings increased to HKD 234,074,000 from HKD 157,788,000, indicating a rise of 48.3%[82]. Strategic Initiatives - The company decided not to declare an interim dividend for the six months ended September 30, 2024, maintaining a prudent cash position in the current uncertain business environment[29]. - The company is actively seeking opportunities to sell investment properties to strengthen cash reserves and financial position[39]. - The company plans to promote and lease remaining vacant units in various properties to increase rental income[35]. - The group anticipates a gradual recovery in the Hong Kong real estate market due to government measures and lower interest rates, while remaining cautious about the global economic outlook[61]. Employee and Governance - As of September 30, 2024, the company employed 79 staff members and provided various employee benefits, including discretionary bonuses and medical insurance[73]. - The company has established an audit committee to oversee financial reporting and risk management, ensuring compliance with the relevant regulations[70]. - Major shareholders include Profit Stability Investments Limited, holding 1,435,314,923 shares, representing a significant ownership stake[68].

Financial Performance - The company reported a loss attributable to equity holders of HKD 176,200,000 for the six months ended September 30, 2024[2]. - Revenue for the six months ended September 30, 2024, was HKD 20,940,000, a decrease from HKD 70,601,000 in the same period of 2023, representing a decline of approximately 70.3%[6]. - The gross profit for the period was HKD 10,915,000, compared to a gross loss of HKD 47,254,000 in the previous year[6]. - The operating loss for the period was HKD 206,526,000, slightly improved from a loss of HKD 226,208,000 in the prior year[6]. - The basic and diluted loss per share was HKD 0.0751, compared to HKD 0.0891 in the same period last year[6]. - Total comprehensive loss for the period amounted to HKD 104,673,000, down from HKD 376,621,000 in the previous year[13]. - The company reported a net loss of HKD 177,330 million for the period, with a substantial operating loss of HKD 206,526 million[36]. - The group reported a net loss of HKD 176,184,000 for the period, an improvement from a loss of HKD 209,010,000 in 2023[50]. - The company reported a loss attributable to equity holders of HKD 176,200,000, a reduction of approximately 15.7% from HKD 209,000,000 in 2023, with a loss per share of HKD 0.0751[67]. Cash and Liquidity - The group recorded a cash net amount of HKD 288,000,000, with total cash reserves of HKD 541,000,000, and bank borrowings of HKD 253,000,000[2]. - The company reported a net cash position of HKD 518,693,000 as of September 30, 2024, down from HKD 920,141,000 at the end of the previous fiscal year[17]. - Cash and bank balances amount to HKD 518,700,000, a decrease from HKD 920,100,000 as of March 31, 2024[96]. - The group has a net cash position of HKD 288,000,000 as of September 30, 2024, compared to HKD 286,500,000 as of March 31, 2024[96]. Assets and Liabilities - The company's total assets less current liabilities stood at HKD 3,868,721,000 as of September 30, 2024[17]. - As of September 30, 2024, total equity amounted to HKD 3,428,956,000, an increase from HKD 3,324,283,000[18]. - Non-current liabilities, including long-term bank loans and deferred tax liabilities, totaled HKD 489,762,000, compared to HKD 544,438,000 in the previous period[18]. - Total assets as of March 31, 2024, were HKD 4,694,987 million, with total liabilities at HKD 1,266,031 million, indicating a stable financial position[38]. - The group reported a net asset value attributable to equity holders of HKD 3,235,800,000, with a net asset value per share of HKD 1.38 as of September 30, 2024[95]. Revenue Breakdown - Total revenue for the period was HKD 20,940,000, a decrease from HKD 70,601,000 in the previous year[33]. - Rental income and management fees amounted to HKD 10,388,000, up from HKD 9,902,000 year-over-year, representing a growth of approximately 4.9%[33]. - Sales of cemetery assets reached HKD 10,255,000, compared to HKD 9,060,000 in the prior year, indicating an increase of about 13.2%[33]. - Revenue for Hong Kong in 2024 was HKD 3,295,000, down 44.8% from HKD 5,979,000 in 2023[40]. - Revenue from China increased to HKD 11,235,000 in 2024, up 12.4% from HKD 9,995,000 in 2023[40]. Impairments and Expenses - The company recognized a significant impairment loss of HKD 154,186 million on investment properties, impacting overall financial performance[36]. - Administrative expenses and other operating costs were approximately HKD 65,700,000, up from HKD 38,800,000 in 2023, with a significant impairment provision of HKD 35,700,000 recorded for a project in Anshan[65]. - The fair value loss on investment properties was HKD 154,200,000, compared to HKD 74,100,000 in 2023, primarily from properties in Anshan, Liaoning Province[64]. Investments and Future Plans - The company holds a portfolio of investment properties in Hong Kong, China, and Malaysia, providing stable and recurring rental income[69]. - The company plans to explore suitable opportunities to sell investment properties to strengthen cash reserves and financial position[80]. - The company is preparing to rent out several residential units in "Xian Gan" to generate rental income and improve utilization[81]. - The company has obtained comprehensive sales licenses for "Ju Fu Bao," allowing sales not only in China but also to overseas Chinese and residents in Hong Kong, Macau, and Taiwan[90]. Governance and Compliance - The company has complied with the listing rules and established an audit committee to oversee financial reporting and risk management[104]. - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure[107].

Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 110,500,000, a significant increase from HKD 63,000,000 in 2023[5] - The loss attributable to equity holders was HKD 320,700,000, compared to a loss of HKD 328,700,000 in 2023, with a loss per share of HKD 0.1367[9] - Cash reserves totaled HKD 938,800,000, including HKD 18,700,000 from bond and securities investments, while bank borrowings amounted to HKD 652,300,000[5] - Property sales for the year reached approximately HKD 49,700,000, a substantial increase from HKD 1,400,000 in 2023[6] - Rental and management fee income was approximately HKD 19,600,000, down from HKD 23,400,000 in 2023, primarily due to the sale of properties in Dongguan, China[6] - The group recorded a gross loss of HKD 97,100,000 due to impairment provisions for properties in Ap Lei Chau, compared to a gross loss of HKD 41,100,000 in 2023[7] - Selling and promotional expenses increased by approximately 97.7% to HKD 25,300,000, while administrative expenses remained stable at around HKD 82,700,000[8] - The fair value loss from investment properties was HKD 76,100,000, slightly improved from HKD 78,900,000 in 2023[7] - The board decided not to recommend a final dividend for the year ended March 31, 2024, maintaining a prudent cash position[10] Property Valuation and Development - The valuation of the group's property in Anshan, China, decreased to approximately RMB 541,700,000 (approximately HKD 584,000,000) as of March 31, 2024[18] - The hotel and resort villas in Xiamen have a total estimated value of RMB 383,200,000, with the hotel valued at RMB 171,200,000 and the 30 villas valued at RMB 212,000,000[22] - The annual rental income from the hotel and resort villas is approximately RMB 18,700,000, equivalent to about HKD 20,200,000[25] - The commercial property in Dongguan has an estimated value of RMB 36,300,000, with recorded rental income of approximately RMB 700,000 during the review period[29] - The valuation of the office building in Kuala Lumpur has decreased to MYR 158,800,000, with an average rental price of MYR 814 per square foot[31] - The property development project in Ap Lei Chau has a total floor area of approximately 40,000 square feet, with 4 units pre-sold generating total sales of approximately HKD 15,400,000[34] - The company has incurred an impairment provision of approximately HKD 154,800,000 for the property development project due to market downturn and high interest rates[34] - The company is seeking suitable opportunities to sell its investment properties to strengthen its financial position[32] - The company holds a 69% interest in a property development project in Changsha, with total historical investment costs of approximately HKD 23,300,000[42] - The group holds a 51% interest in a project in Chengdu, with a book cost of approximately RMB 126 million (about HKD 135.8 million), including a provision of HKD 7.9 million for slow progress on a court judgment[43] Employee and Management Information - The group employed 89 staff members as of March 31, 2024, and provides various benefits including discretionary bonuses and medical insurance[62] - The company emphasizes talent training and development to create a vibrant work atmosphere[62] - The board expressed gratitude to all employees for their dedication and contributions during the year[63] - The chairman, Chuang Ka Fung, has over 20 years of experience in property business and corporate management[71] - The vice-chairman, Li Mei Sin, has over 38 years of experience in finance, corporate finance, and management[71] - The managing director, Chuang Ka Fung, has over 14 years of experience in construction and interior design[72] - The executive director, Chuang Ka Gan, has accumulated 15 years of experience in finance and corporate management[72] - The company is committed to providing employee training programs as needed[62] Corporate Governance - The company is focused on maintaining high levels of corporate governance to protect and enhance shareholder interests[86] - The company has independent non-executive directors with extensive experience across various sectors, contributing to strategic decision-making[78] - The financial director has over 19 years of experience in finance, accounting, and auditing, ensuring sound financial management[81] - The company has implemented a new board diversity policy to promote a varied and inclusive leadership structure[87] - The company is committed to continuous improvement in corporate governance practices in line with the Hong Kong Stock Exchange's guidelines[86] - The board consists of 8 members, including the Chairman, Vice Chairman, and Managing Director, with a balanced composition reflecting diverse knowledge and experience relevant to the company's business[95] - The nomination committee has established a formal and transparent process for the appointment and removal of directors, ensuring that all newly appointed directors are elected at the first shareholder meeting following their appointment[98] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance from all directors[105] Risk Management - The company has implemented a robust risk management process to identify, assess, and manage significant risks, including a risk register that is reviewed annually[118] - The risk management framework includes daily operational management, compliance oversight, and independent assurance to safeguard shareholder interests[116] - The company conducts continuous and regular risk monitoring to ensure the effectiveness of risk management strategies[119] - The board believes that the risk management and internal control systems are operating effectively and adequately[123] Environmental, Social, and Governance (ESG) Initiatives - Chuang's China Investments Limited focuses on property development, investment, hotel management, cemetery development, and securities trading[156] - The company emphasizes sustainable development as a key factor in its growth strategy, integrating environmental, social, and governance (ESG) considerations into its business operations[158] - The board of directors reviews and approves the company's ESG goals annually, ensuring effective risk management and internal control systems are in place[159] - The company is committed to green building development and green financing, with plans to obtain green building certifications for its projects[165] - Employee welfare and occupational health and safety are prioritized to attract and retain talent, ensuring a safe working environment[165] - The company actively engages stakeholders through various communication channels to understand their expectations and improve operations[161] - The company has implemented measures to optimize resource efficiency and address climate change, aiming to build sustainable cities and communities[165] - The company has established a robust corporate governance strategy to mitigate corruption risks and ensure compliance with anti-corruption laws[165] Community Engagement and Social Responsibility - The company donated approximately HKD 959,000 to various organizations, including HKD 423,000 to support the Hong Kong Customs Youth Development Program[198] - The company actively promotes volunteerism as part of its corporate culture to give back to the community[198] - The company has established a whistleblowing system for reporting misconduct, with cases reviewed by the audit committee[197] Environmental Impact and Sustainability Metrics - Nitrogen oxides emissions decreased to 13.70 kg in 2024 from 16.17 kg in 2023, representing a reduction of approximately 15.5%[200] - Total greenhouse gas emissions (Scope 1 and 2) reduced to 1,565 metric tons CO2 equivalent in 2024 from 1,614 metric tons in 2023, a decrease of about 3.0%[200] - Total energy consumption decreased to 2,315 MWh in 2024 from 3,043 MWh in 2023, a reduction of around 23.9%[200] - Total paper consumption decreased to 519 kg in 2024 from 673 kg in 2023, reflecting a decline of approximately 22.9%[200] - Total water consumption decreased to 44,614 cubic meters in 2024 from 49,290 cubic meters in 2023, a reduction of about 9.3%[200] - Total floor area per square meter greenhouse gas emissions improved to 11.54 kg CO2 equivalent/sqm in 2024 from 11.91 kg in 2023, showing an improvement of approximately 3.1%[200] - Total floor area per square meter total energy consumption remained stable at 0.02 MWh/sqm in both 2024 and 2023[200] - Sulfur oxides emissions slightly decreased to 0.26 kg in 2024 from 0.27 kg in 2023, a minor reduction of about 3.7%[200] - Particulate matter emissions decreased to 0.90 kg in 2024 from 0.96 kg in 2023, representing a reduction of approximately 6.3%[200]