sins 新 龍 國 際 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號:00529) 中 期 報 告 ngangage 网站交易网站网 1 新龍國際集團有限公司 目錄 2 公司資料 3 主席兼行政總裁致辭 6 簡明綜合損益表 7 簡明綜合損益及其他全面收益表 8 簡明綜合財務狀況表 10 簡明綜合權益變動表 12 簡明綜合現金流轉表 13 簡明綜合財務報表附註 30 中期股息 30 財務回顧及分析 32 其他資料 二零二二年中期報告 新龍國際集團有限公司 2 | --- | --- | |-----------------------------|--------------------------------------| | | | | 公司資料 | | | 董事 | 核數師 | | 執行董事： | 德勤 • 關黃陳方會計師行 | | 林嘉豐 （主席兼行政總裁） | （註冊公眾利益實際核數師） | | 林家名 （副主席） | | | 林惠海 | 主要往來銀行 | | 林慧蓮 | 星展銀行有限公司 | | | 恒生銀行有限公司 | | 獨立非執行董事： | 香港上海滙豐銀行有限公司 | ...

Financial Performance - The company reported a revenue increase of 45% to HKD 10,999 million for the fiscal year ending December 31, 2021[30]. - Gross profit increased by 8% compared to the previous year[30]. - The company recorded a post-tax profit of HKD 211,321,000, significantly improved from a loss of HKD 556,649,000 in the previous fiscal year due to changes in the fair value of investment properties[30]. - Distribution business revenue increased by 47% to HKD 10,728,610,000, driven by growth in Thailand and Hong Kong[32]. - Classified profit from distribution business rose by 42% to HKD 300,025,000[32]. - Rental and hotel operation income decreased by 5% to HKD 270,632,000, with classified profit (excluding property fair value changes) down 39% to HKD 77,803,000[33]. - Securities investment recorded classified profit of HKD 14,302,000, up from HKD 9,605,000 in the previous year[35]. - The retained earnings as of December 31, 2021, were HKD 1,025,844,000, down from HKD 1,037,478,000 in 2020[127]. - The total distributable reserves available to shareholders as of December 31, 2021, were HKD 1,055,030,000, compared to HKD 1,066,664,000 in 2020[127]. - The company reported a revenue of approximately HKD 10,687,049,000 from the sale of goods for the fiscal year ending December 31, 2021[192]. Assets and Liabilities - Total assets increased by 6% to HKD 9,638 million[31]. - Net asset value per share rose from HKD 13.4 to HKD 14.0[31]. - The group has a cash deficit of HKD 2,842,027,000 as of December 31, 2021[43]. - The asset-liability ratio stands at 107% as of December 31, 2021, unchanged from the previous year[43]. - As of December 31, 2021, the carrying value of investment properties was HKD 4,110,724,000, representing about 43% of the total assets[191]. - A net loss of HKD 21,639,000 was recognized in the consolidated income statement for changes in the fair value of investment properties for the fiscal year[191]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors, ensuring diverse business experience and expertise[50]. - The company has adopted a nomination policy for directors, considering factors such as character, qualifications, and industry knowledge[53]. - As of the end of 2021, two out of seven board members are female, reflecting the company's commitment to board diversity[57]. - The audit committee is composed entirely of independent non-executive directors, with Ms. Wang Wei Ling serving as the chair[59]. - The chairman and CEO positions are held by the same individual, Mr. Lin Jia Feng, who is responsible for the group's corporate strategy and development direction[52]. - The company has established measures to ensure corporate governance standards meet or exceed those set by the relevant codes[51]. - The board's composition is reviewed to maintain a balance of skills, experience, and diversity, which is considered essential for competitive advantage[57]. - The company’s governance practices are aligned with the Hong Kong Stock Exchange's requirements, ensuring compliance and transparency[51]. - The board has established a risk management and internal control system, which was reviewed three times during the year, and deemed effective and sufficient[74]. - The company has maintained appropriate insurance coverage for the responsibilities of directors and senior officers throughout the year[134]. Environmental Impact - Total energy consumption for the year 2021 was 10,817,000 kWh, an increase from 9,377,000 kWh in 2020[90]. - Water consumption for the year 2021 was 39,872 cubic meters, down from 44,167 cubic meters in 2020[90]. - Indirect energy emissions reached 4,795 tons of CO2 in 2021, compared to 4,068 tons in 2020[88]. - Other indirect emissions were 15 tons of CO2 in 2021, slightly up from 14 tons in 2020[88]. - Non-hazardous waste generated in 2021 was 3,215 kg, an increase from 2,963 kg in 2020[86]. - The company has been actively monitoring and reducing the environmental impact of its hotel operations[83]. - The company has implemented energy-saving systems in its iconic building in Japan since 2015[83]. - The company encourages employees to reduce, reuse, and recycle materials to minimize waste generation[93]. - The company complies with statutory requirements regarding the disposal of waste electrical and electronic products[93]. Employee and Training - Employee count increased to 838 from 765, with total employee compensation rising to HKD 203,173,000[45]. - The company employed a total of 231 full-time employees as of December 31, 2021, a slight decrease from 234 in 2020, with 49% located in Hong Kong[94]. - The employee training hours increased to 530 hours in 2021, up from 323 hours in 2020, with 54% of employees receiving training[100]. - The average training time per employee was 4 hours in 2021, compared to 3 hours in 2020[100]. - The company maintains a diverse workforce, with 52% male and 48% female employees overall, and a total of 41 employees under 30 years old[95]. - The company has a low employee turnover rate and has not reported any significant work-related injuries[99]. - The company has implemented a stock option plan to incentivize directors and senior employees[94]. - The company ensures compliance with labor laws in Hong Kong, Singapore, and Japan, with no employees under the age of 18[104]. Shareholder Engagement - The company has established multiple communication channels to enhance engagement with investors and shareholders[79]. - The board is committed to maintaining effective communication among shareholders, management, and the board itself[52]. - The company has a policy to declare dividends based on its financial performance and the interests of shareholders[128]. - The company's ability to declare dividends depends on its operating performance, profitability, capital requirements, overall financial condition, and current economic environment[128]. Audit and Compliance - The Audit Committee held three meetings during the year ending December 31, 2021, and reviewed the management accounts and financial performance of the group[60]. - The external auditor, Deloitte, provided audit services for a fee of HKD 4,532,000, tax advisory services for HKD 14,000, and other services for HKD 522,000 for the year ending December 31, 2021[72]. - The Nomination Committee met once during the year to review the composition of the board and assess the independence of non-executive directors[63]. - The Remuneration Committee held one meeting during the year to review the remuneration policies and determine the compensation for executive directors and senior management[64]. - The company ensured compliance with Hong Kong Financial Reporting Standards in preparing its financial statements[185]. - The board is responsible for preparing true and fair consolidated financial statements according to Hong Kong Financial Reporting Standards and the Companies Ordinance[198]. - The management is tasked with overseeing the financial reporting process of the group[199]. - The auditors aim to obtain reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[200].

s tle 新 龍 國 際 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) ( 股份代號 : 00529) 中 期 報 告 2021 THOUSE FOR THE W 1 新龍國際集團有限公司 目錄 2 公司資料 3 主席兼行政總裁致辭 6 簡明綜合損益表 7 簡明綜合損益及其他全面收益表 8 簡明綜合財務狀況表 10 簡明綜合權益變動表 12 簡明綜合現金流轉表 13 簡明綜合財務報表附註 30 中期股息 30 財務回顧及分析 32 其他資料 二零二一年中期報告 新龍國際集團有限公司 2 | --- | --- | --- | |-----------------------------|------------------------------|--------------------------------------| | 公司資料 | | | | 董事 | 核數師 | | | 執行董事： | 德勤 • 關黃陳方會計師行 | | | 林嘉豐 （主席兼行政總裁） | （註冊公眾利益實際核數師） | | | 林家名 （副主席） | | | | 林惠海 | 法律顧問 | | | 林慧蓮 | 佳利（ ...

elle 新 龍 國 際 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號 : 00529) 年 報 2020 ILLULARD THE R 新龍國際集團有限公司 年報2020 目錄 | --- | --- | --- | --- | |-------|----------------------|-------|----------------------------| | | | | | | 2 | 公司資料 | 45 | 綜合損益表 | | 3 | 財務摘要 | 46 | 綜合損益及其他全面收益報表 | | 4 | 歷史及里程碑 | 47 | 綜合財務狀況表 | | 6 | 主席兼行政總裁致辭 | 49 | 綜合權益變動表 | | 8 | 管理層討論及分析 | 50 | 綜合現金流轉表 | | 10 | 企業管治報告 | 52 | 綜合財務報表附註 | | 19 | 環境、社會與管治報告 | 144 | 財務概要 | | 25 | 董事履歷 | 145 | 投資物業詳情 | | 27 | 董事會報告 | | | | 39 | 獨立核數師報告 | | | 1 新龍國際集團有限公司 年報2 ...

slile 新 龍 國 際 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代赋:00529) 中 期 報 告 2020 肥 法 我 新 期 服 服 日 o 1 新龍國際集團有限公司 目錄 2 公司資料 3 主席兼行政總裁致辭 6 簡明綜合損益表 7 簡明綜合損益及其他全面收益表 8 簡明綜合財務狀況表 10 簡明綜合權益變動表 11 簡明綜合現金流轉表 12 簡明綜合財務報表附註 28 中期股息 28 財務回顧及分析 30 其他資料 二零二零年中期報告 - 新龍國際集團有限公司 2 | --- | --- | --- | |---------------------------|--------------------|---------------------------------------------------------| | | | | | 公司資料 | | | | 董事 | | 核數師 | | 執行董事： | | 德勤 • 關黃陳方會計師行 | | 林嘉豐 | （主席兼行政總裁） | （註冊公眾利益實體核數師） | | 林家名 （副主席） | | | | 林惠海 | | 法律顧 ...

Financial Performance - The company's revenue increased by HKD 37 million to HKD 6,416 million for the year ended December 31, 2019[24]. - Net profit decreased by 63% to HKD 121 million, primarily due to a decline in property and securities investment valuations[24]. - Total assets increased by 11% to HKD 9,329 million[25]. - Net asset value per share rose from HKD 13.9 to HKD 14.3[25]. - Rental income from real estate investment increased by 6% to HKD 279,400,000, generating a profit of HKD 145,500,000 compared to HKD 130,400,000 last year[26]. - The total market value of investment properties in Hong Kong, Singapore, and Thailand was HKD 1,793,000,000, with a fair value gain of HKD 10,700,000, down from HKD 158,900,000 last year[26]. - The group's securities investment portfolio had a book value of HKD 282,000,000, with a fair value loss of HKD 31,000,000 compared to a gain of HKD 7,000,000 last year[32]. - As of December 31, 2019, the total assets were HKD 9,329,183,000, with a current ratio of approximately 0.93, up from 0.87 in 2018[38]. - The group had a cash deficit of HKD 2,860,715,000 as of December 31, 2019, compared to HKD 2,335,406,000 in 2018[38]. - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 5,559,000 for shareholders registered by July 3, 2020[130]. - The company’s ability to declare dividends is contingent upon its operating performance, capital requirements, and overall financial condition[137]. Investments and Acquisitions - The company acquired a hotel property in Okinawa and a hostel in Kyoto in 2019[20]. - The company rebranded the Rinku Space Tower to SiS Rinku Tower and opened a hotel with 258 rooms[20]. - The company holds additional equity in SiS Thailand, making it a subsidiary[20]. - The company has expanded its hotel portfolio in Japan, acquiring multiple properties from 2012 to 2019[20]. - The company established a hotel group to manage all Japanese properties[21]. - The company invested HKD 406,855,000 in investment properties and HKD 25,068,000 in property, plant, and equipment during the year[133]. - The company reported a fair value loss of HKD 13,115,000 from the revaluation of investment properties, which was directly deducted from the consolidated income statement[133]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors, ensuring a diverse range of business experience and expertise[48]. - The company has adopted a board diversity policy, recognizing the importance of diverse skills, backgrounds, and experiences among board members to maintain competitive advantage[56]. - The chairman and CEO positions are held by the same individual, Mr. Lin Ka-fung, who is responsible for formulating the group's corporate strategy and development direction[51]. - The company has implemented a director nomination policy effective from January 1, 2019, which includes criteria such as character, integrity, qualifications, and industry knowledge[52]. - The company believes that its corporate governance practices meet or exceed the standards set by the relevant codes[49]. - The board is committed to ensuring that one-third of the directors retire and seek re-election at each annual general meeting, promoting accountability[49]. - The Audit Committee held four meetings during the year ending December 31, 2019, reviewing the group's financial performance and internal controls[60]. - The external auditor, Deloitte, provided audit services for a fee of HKD 2,638,000, tax advisory services for HKD 14,000, and other services for HKD 890,000, totaling HKD 3,542,000 for the year[73]. - The Nomination Committee met once in 2019 to review the board's structure and assess the independence of non-executive directors[63]. - The Remuneration Committee held one meeting during the year to review the remuneration policies for directors and senior management[64]. - The board of directors has a high attendance rate, with all executive directors attending 100% of board meetings[74]. - The company has established an internal audit function to regularly assess the effectiveness of its risk management and internal control systems[76]. - The company has implemented a code of conduct for directors regarding securities trading, ensuring compliance with regulatory standards[70]. - Independent non-executive directors are required to submit annual confirmations of their independence, ensuring compliance with listing rules[48]. Environmental Impact - The total energy consumption for the year 2019 was 8,500,000,000 kWh, an increase from 8,476,000,000 kWh in 2018[93]. - The total water consumption for 2019 was 166,022 cubic meters, slightly down from 166,311 cubic meters in 2018[93]. - The company generated 4,738 kg of non-hazardous waste in 2019, compared to 3,015 kg in 2018[91]. - Indirect energy emissions amounted to 4,547,015 tons of CO2 in 2019, a slight increase from 4,532,526 tons in 2018[90]. - Other indirect emissions reached 51 tons of CO2 in 2019, up from 48 tons in 2018[90]. - The company has implemented measures to monitor and reduce the environmental impact of its hotel operations[87]. Employee and Workforce - The employee count increased to 700 from 652, with total salaries and benefits amounting to HKD 179,333,000, up from HKD 153,042,000 in the previous year[41]. - As of December 31, 2019, the company employed a total of 163 full-time employees, an increase from 158 in 2018, with 71% located in Hong Kong[97]. - The company provided training to 74% of its employees in 2019, totaling 576 hours, an increase from 445 hours in 2018, averaging 5 hours of training per employee[103]. - The company has a diverse workforce, with 54% of employees being female and 46% male, and a significant portion of employees aged 30 and below[99]. - The company has a low employee turnover rate and has not reported any days lost due to work-related injuries[102]. - The company encourages employees to balance work and life, promoting a healthy lifestyle[97]. Community Engagement and Social Responsibility - The company has a strong focus on community engagement through donations and contributions, although no donations were made in the past year[116]. - Due to an uncertain business environment, the company did not make any charitable donations in 2019[117]. - The company is committed to strict confidentiality regarding personal data and has policies in place to protect such information[113]. Risk Management and Compliance - The company does not currently have a comprehensive currency hedging policy but monitors currency fluctuation risks and has established foreign currency forward contracts[45]. - The company has a clear code of conduct regarding conflicts of interest, intellectual property, and anti-corruption measures[114]. - There were no reports of corruption incidents received by the company during the year[115]. - The company has not encountered any intellectual property infringement cases related to its distributed products during the year[113]. Shareholder Information - The company’s directors hold a combined total of 185,973,108 shares, representing 66.90% of the issued share capital[145]. - Major shareholders as of December 31, 2019, included Yang Shengcong and Lin Meihua, each holding 5.06% of the issued share capital[175]. - The top five customers accounted for less than 30% of the total revenue, while the top five suppliers accounted for approximately 46% of the total purchase value, with the largest supplier contributing 15%[178]. - The company has established a remuneration committee since September 2005 to oversee compensation policies[179].

Financial Performance - Sales revenue decreased from HKD 3,208,364,000 in the same period last year to HKD 3,056,270,000, representing a decline of approximately 4.7%[6] - Net profit attributable to shareholders decreased by 2% to HKD 139,594,000[6] - The company's profit for the six months ended June 30, 2019, was HKD 159,876,000, a decrease of 2.0% from HKD 164,196,000 in 2018[24] - Total comprehensive income for the period was HKD 201,710,000, up 17.9% from HKD 171,104,000 in the previous year[24] - Basic earnings per share decreased to 50.2 HK cents from 51.4 HK cents in the previous year[21] - Total revenue for the group reached HKD 3,056,270,000 with a profit of HKD 249,316,000[93] - The pre-tax profit for the period was HKD 201,007,000[93] - The basic and diluted earnings per share were based on a profit attributable to shareholders of HKD 139,594,000[108] Revenue Sources - The real estate investment portfolio's total revenue increased by 8% to HKD 141,200,000, with a classified profit of HKD 58,212,000 compared to HKD 47,620,000 in the previous year[11] - The total value of the hotel properties in Japan increased to 19 after the acquisition of a hotel in Kyoto, contributing HKD 119,048,000 in revenue[11] - Distribution business classified profit increased by 28% to HKD 66,577,000, primarily driven by contributions from Thailand[13] - Revenue from mobile and IT products amounted to HKD 2,900,662,000, while hotel operations generated HKD 14,879,000[85] - The company’s revenue from Thailand was HKD 2,455,338,000, while revenue from Hong Kong was HKD 459,732,000[85] - The company reported a total of HKD 126,321,000 from rental income of investment properties during the same period[85] Assets and Liabilities - The company's non-current assets increased to HKD 6,194,218,000 as of June 30, 2019, compared to HKD 5,734,753,000 at the end of 2018, reflecting a growth of 8.0%[27] - Investment properties rose to HKD 5,086,207,000, an increase of 10.6% from HKD 4,598,274,000[27] - Current assets increased to HKD 2,983,816,000, up from HKD 2,634,379,000, representing a growth of 13.2%[27] - The company's total liabilities increased to HKD 3,273,058,000, compared to HKD 3,033,444,000, indicating a rise of 7.9%[30] - The net assets of the company stood at HKD 4,016,078,000, an increase of 4.2% from HKD 3,855,164,000[30] - The total value of investment properties was HKD 4,795,346,000 as of June 30, 2019, compared to HKD 4,361,882,000 as of December 31, 2018[129] Cash Flow and Financing - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 55,005,000, compared to a net cash used of HKD 21,482,000 in the same period of 2018[36] - Cash used in investing activities amounted to HKD 225,809,000, a decrease from HKD 359,960,000 year-over-year[36] - New bank borrowings for the period were HKD 1,648,647,000, an increase from HKD 1,503,620,000 in the prior year[36] - The net cash from financing activities was HKD 222,237,000, down from HKD 330,752,000 in the previous year[36] - The company has a current liability exceeding current assets by HKD 289,242,000 as of June 30, 2019, but expects to continue receiving existing loan financing[38] - The net cash deficit amounted to HKD 2,631,507,000 as of June 30, 2019, compared to HKD 2,335,406,000 as of December 31, 2018[153] Dividends and Share Options - The company declared dividends amounting to HKD 19,458,000 during the period[32] - The company declared a final dividend of HKD 0.07 per share, totaling HKD 19,458,000[113] - The company has a total of 4,200,000 unexercised share options as of June 30, 2019[173] - The total number of share options granted to directors and their associates amounts to 990,000[180] - The total number of share options granted to employees and other eligible persons is 1,260,000, leading to a cumulative total of 2,250,000 share options[183] Accounting Policies and Compliance - The application of HKFRS 16 resulted in changes to accounting policies, impacting the recognition of lease liabilities and right-of-use assets[47] - The company recognized a new lease liability and right-of-use asset amounting to HKD 79,085,000 as of January 1, 2019, following the application of HKFRS 16[70] - The company will apply HKFRS 15 to allocate consideration to lease and non-lease components of contracts effective from January 1, 2019[64] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange Listing Rules throughout the period ending June 30, 2019[189] - The audit committee, composed entirely of independent non-executive directors, reviewed the interim report for the six months ending June 30, 2019, including the accounting policies adopted[191] Employee and Management Information - The group employed 670 staff as of June 30, 2019, up from 637 a year earlier, with total employee compensation amounting to HKD 87,381,000 compared to HKD 77,066,000 in the previous year[157] - The remuneration paid or payable to directors was HKD 9,262,000, down from HKD 10,184,000 for the same period last year[133] - The group has made additional provisions for long-term employee benefits due to changes in Thai labor laws during the period[157] - The group’s compensation policy links performance to rewards and is reviewed annually without significant changes from the previous year[157]

Financial Performance - Revenue increased by 531% to HKD 6,379,000,000 for the year ended December 31, 2018[19] - Net profit decreased by 11.0% to HKD 329,500,000 for the same period[19] - Total asset value increased by 11.5% to HKD 8,369,000,000, with property revaluation gains of HKD 220,800,000 recorded[19] - Net asset value per share rose from HKD 12.7 to HKD 13.9[19] - Real estate investment segment revenue increased by 7.4% to HKD 262,600,000, generating a profit of HKD 130,400,000[20] - Revenue from Japanese real estate grew by 7.0% compared to the previous year[20] - Revenue from the Hong Kong distribution business increased by 11.6% to HKD 854,900,000, with a reduction in classified losses compared to the previous year[23] - SiS Distribution (Thailand) contributed revenue of HKD 5,261,600,000 and reported a profit of HKD 140,700,000 in 2018, driven by increased demand in Thailand for business, smartphones, and consumer goods[23] Assets and Liabilities - As of December 31, 2018, the total assets of the group were HKD 8,369,132,000, with total liabilities of HKD 4,513,968,000, resulting in a current ratio of approximately 0.87[32] - The debt-to-equity ratio was 87% as of December 31, 2018, compared to 82% in the previous year[33] - The group had a cash deficit of HKD 2,335,406,000 at the end of 2018, an increase from HKD 1,782,219,000 in 2017[32] Corporate Governance - The board consists of four executive directors and three independent non-executive directors, ensuring diverse business experience and knowledge[45] - The independent non-executive directors have confirmed their independence according to the listing rules, with one having over 20 years of experience in corporate banking and finance[45] - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in board member selection[54] - The audit committee is composed entirely of independent non-executive directors, with Ms. Wang Wei Ling serving as the chair[56] - The company has established a nomination policy effective from January 1, 2019, to guide the nomination and reappointment of directors[49] - The board is responsible for formulating business strategies and monitoring performance, with most decisions made by the board rather than management[45] - The company recognizes the importance of a diverse board as a competitive advantage and aims to balance various differences among board members[54] - The chairman and CEO roles are held by the same individual, Mr. Lin Jia Feng, who is responsible for the company's strategic direction[48] - The company has measures in place to ensure corporate governance standards meet or exceed those set by the listing rules[46] Environmental Impact - The total energy consumption for 2018 was 8,476,000,000 kWh, an increase from 8,390,000,000 kWh in 2017, representing a rise of approximately 1.03%[83] - The total water consumption in 2018 was 166,311 cubic meters, slightly down from 167,644 cubic meters in 2017, indicating a decrease of about 0.79%[83] - The carbon dioxide emissions for 2018 were 4,532,574 tons, a slight increase of 0.9% from 4,490,823 tons in 2017[82] - The company generated 3,015 kg of non-hazardous waste in 2018, up from 2,833 kg in 2017, reflecting an increase of approximately 6.4%[82] - The company has implemented measures to monitor and minimize the environmental impact of its hotel operations[79] Employee and Workforce - The number of employees decreased to 652 from 702 in the previous year, with total employee compensation and benefits amounting to HKD 153,042,000[37] - The company employed a total of 158 full-time employees as of December 31, 2018, an increase from 147 in 2017, with 69% located in Hong Kong[87] - The company provided training to 65% of its employees in 2018, totaling 445 hours, averaging 4 hours per employee, a decrease from 692 hours in 2017[94] - The employee turnover rate is low, with no reported days lost due to work-related injuries[92] - The company encourages employees to balance work and life, promoting a healthy lifestyle[87] Investment and Growth Strategy - The company has established three core businesses: real estate investment, distribution, and IT investment, which are expected to drive future growth[19] - The company aims to continue building a large property portfolio with long-term capital appreciation potential[22] - The group plans to continue evaluating and selecting investments in promising securities and companies[26] - The management remains cautiously optimistic about growth opportunities in the real estate and hotel sectors in Japan and the electronic payment market in Bangladesh[27] Shareholder Information - The group proposed a final dividend of HKD 0.07 per share, totaling HKD 19,458,000 for shareholders registered on July 5, 2019[122] - The company's distributable reserves as of December 31, 2018, amounted to HKD 1,091,322,000, a decrease from HKD 1,103,638,000 at the beginning of the year, reflecting a reduction of approximately 1.1%[131] - The retained earnings as of December 31, 2018, were HKD 1,062,136,000, down from HKD 1,074,452,000 at the start of the year, indicating a decline of about 3.6%[131] - The company has a dividend policy that depends on its operating performance, capital requirements, and overall financial condition, with no dividends declared if it cannot meet its liabilities[133] - The company’s ability to declare dividends is contingent upon its profitability and the economic environment, which may affect shareholder interests[133] Audit and Financial Reporting - The board is responsible for preparing true and fair consolidated financial statements according to Hong Kong Financial Reporting Standards and the Companies Ordinance[195] - The management is tasked with overseeing the financial reporting process of the group[196] - The independent auditor aims to obtain reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[199] - The audit process involves identifying and assessing risks of material misstatement and designing audit procedures to address these risks[200] - The auditor's report is issued solely to the shareholders and cannot be used for other purposes[199]