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。 綜合環保集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司 將於二零二四年十一月二十九日（星期五）舉行董事會會議，藉以（其中包括） 考慮及（如彼認為適當）批准發佈本公司及其附屬公司截至二零二四年九月三十 日止六個月期間之未經審核綜合中期業績公告以及考慮建議派發股息（如適用）。 Integrated Waste Solutions Group Holdings Limited 綜合環保集團有限公司 (於開曼群島註冊成立的有限公司，股份代號：923) 董事會會議召開日期 承董事會命 綜合環保集團有限公司 主席 鄭志明 香港，二零二四年十一月十八日 於本公告日期，董事會包括兩名執行董事，分別為林景生先生及譚瑞堅先生；兩 名非執行董事，分別為鄭志明先生（主席）及李志軒先生；以及三名獨立非執行 董事，分別為周紹榮先生、黃文宗先生及陳定邦先生。 ...

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。 綜合環保集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司 及其附屬公司（「本集團」）截至二零二四年三月三十一日止年度之綜合業績。本公 司之審核委員會（「審核委員會」）在建議董事會批准本集團截至二零二四年三月 三十一日止年度之業績及綜合財務報表前已作出審閱。 2 年度虧損 (65,019) (40,627) | --- | --- | --- | |--------------------------------|----------|----------| | | | | | | | | | －於香港以外營運之一間聯營公司 | (1,313) | (1,564) | | 年度其他全面收益 | (1,313) | (1,564) | | 年度全面收益總額 | (66,332) | (42,191) | | 以下應佔： | | | | 本公司權益股東 | (66,045) | (41, ...

Financial Performance - For the six months ended September 30, 2023, the company's loss attributable to equity shareholders was HKD 19,700,000, an increase of HKD 5,100,000 or 35.4% compared to the previous period[8]. - The operating segment's performance decreased by HKD 2,300,000 or 28.7%, primarily due to a decline in profitability in the paper recycling and logistics business[8]. - Revenue from paper recycling was approximately HKD 10,100,000, a decrease of HKD 1,300,000 or 11.6%, attributed to an 11.6% drop in sales volume[11]. - The gross profit for the period was HKD 12,700,000, a decrease of HKD 1,100,000 or 7.9%, with the gross margin declining from 62.3% to 61.0%[15]. - The company’s EBITDA loss increased from HKD 4,200,000 in the previous period to HKD 9,700,000 in the current period, an increase of approximately HKD 5,500,000[17]. - The company reported a net loss of HKD 19,829,000 for the period, compared to a loss of HKD 15,140,000 in the previous year, representing a 31.5% increase in losses[45]. - Basic and diluted loss per share was HKD 0.4 cents, compared to HKD 0.3 cents for the same period last year[45]. - The total comprehensive loss for the period amounted to HKD 21,657,000, slightly higher than the HKD 21,079,000 reported in the previous year, indicating a year-over-year increase of about 2.8%[48]. - The company reported a total of HKD 3,367,000 in other income, which contributed positively to the overall financial performance[66]. - The total revenue for the six months ended September 30, 2023, was HKD 20,876,000, a decrease of 6% compared to HKD 22,210,000 for the same period in 2022[64]. Revenue Breakdown - CMDS service revenue increased by HKD 800,000 or 10.2% to approximately HKD 8,700,000, reflecting improved market sentiment and business activity levels[12]. - Logistics service revenue decreased by HKD 1,000,000 or 44.7% to HKD 1,300,000 due to cost optimization strategies implemented by the joint venture[12]. - The segment revenue from Confidential Material Destruction Services (CMDS) was HKD 8,725,000, up 10% from HKD 7,920,000 in the previous year[64]. - The Logistics Services segment reported revenue of HKD 1,261,000, down 44% from HKD 2,279,000 year-on-year[64]. Expenses and Costs - The company’s total sales, distribution, administrative, and other operating expenses were HKD 35,900,000, a slight decrease of 0.1% due to comprehensive cost control measures implemented by management[16]. - Employee costs for the six months ended September 30, 2023, were HKD 18,900,000, a slight decrease from HKD 19,300,000 in the same period last year[24]. - The company’s financing income increased to HKD 2,755,000 from HKD 1,863,000, a growth of 47.8% year-over-year[45]. Cash Flow and Assets - As of September 30, 2023, the company had unrestricted bank deposits and cash of approximately HKD 73,100,000, down from HKD 74,400,000 as of March 31, 2023, with net current assets increasing to HKD 130,700,000 from HKD 117,600,000[18]. - The company's net cash used in operating activities for the six months was HKD 8,825,000, compared to HKD 5,645,000 in the previous year, representing an increase of approximately 56.5%[53]. - Cash and cash equivalents decreased from HKD 74,399,000 at the beginning of the period to HKD 73,132,000 at the end, a decline of about 1.7%[53]. - Non-current assets decreased from HKD 659,568,000 as of March 31, 2023, to HKD 624,747,000 as of September 30, 2023, reflecting a decline of approximately 5.3%[50]. - Current assets increased from HKD 131,122,000 to HKD 144,253,000, marking an increase of about 10%[50]. Strategic Initiatives - The company plans to adopt a more aggressive strategy to enhance its CMDS business in response to improving market sentiment and business activity levels[7]. - The company expects the electronic waste business to continue growing and contribute more revenue, supported by a diverse customer base including government and private sectors[12]. - The company plans to acquire approximately 13.16% of the shares of Guangdong Anjie Supply Chain Management Co., Ltd. for RMB 50,000,000 (approximately HKD 54,000,000), pending shareholder approval[25]. Shareholder and Governance - The company does not recommend any interim dividend for the six months ended September 30, 2023, consistent with the previous year[27]. - The company has adopted a share option scheme, which was approved by shareholders on August 30, 2023, allowing for the grant of up to 482,300,900 options[30]. - The company’s shareholding structure shows that Cheng Yu Tung Family (Holdings) Limited and its affiliates hold a combined 56.86% of the issued share capital[38]. - The company has committed to integrating Environmental, Social, and Governance (ESG) principles into its operations to ensure sustainable development[36]. Audit and Compliance - The audit committee reviewed the interim financial report in accordance with international auditing standards, ensuring compliance and accuracy[43]. - The company did not apply any new standards or interpretations that would have a significant impact on the financial statements during the reporting period[59]. - The financial risk management policies have remained unchanged since March 31, 2023[60]. - The fair value of financial assets and liabilities as of September 30, 2023, was similar to their carrying amounts[61].

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。 Integrated Waste Solutions Group Holdings Limited 綜合環保集團有限公司 （於開曼群島註冊成立的有限公司，股份代號：923） 截至二零二三年九月三十日止六個月之中期業績公告 財務摘要 截至 截至 二零二三年 二零二二年 九月三十日 九月三十日 止六個月 止六個月 變動 百萬港元 百萬港元 百萬港元 % （未經審核） 收益 20.9 22.2 (1.3) (6.0) 毛利 12.7 13.8 (1.1) (7.9) 本公司權益股東應佔虧損 (19.7) (14.6) (5.1) (35.4) ...

Business Performance and Strategy - The group reported a stable collection of waste electrical and electronic products during the reporting period, positively influenced by the Hong Kong government's consumption voucher scheme[6]. - The group's CMDS (Confidential Material Destruction Services) business segment remains a significant source of revenue, with plans for more aggressive strategies to enhance business performance[6]. - The hazardous waste treatment project in mainland China has achieved new milestones, with cautious optimism regarding growth potential despite intense competition[7]. - The group has suspended its production of household paper products, with the board reviewing the direction of this business segment[7]. - The company aims to provide long-term value to shareholders by actively building a solid pipeline of new projects[7]. - The group will continue to monitor developments in recycling regulations and adjust services to explore new revenue opportunities while improving environmental outcomes[7]. - The economic activities of the group have increased post-pandemic, contributing positively to business operations[6]. - The group emphasizes the importance of adapting to customer expectations for increased waste recycling and compliance with evolving regulations[7]. - The company is committed to closely monitoring market developments to identify opportunities for expanding its service offerings[7]. - The company is a major solid waste solution provider in Hong Kong, specializing in waste collection, recycling, and treatment services[26]. - The hazardous waste treatment project in Lianyungang, Jiangsu Province has been fully operational, enhancing the total processing capacity[26]. - A second hazardous waste treatment plant in Kaifeng, Henan Province commenced operations in January 2023[26]. - The company is diversifying its waste management and recycling business, expanding into mainland China[26]. - The recent waste management policy measures by the Hong Kong government, such as the producer responsibility scheme, present new opportunities for the recycling industry[27]. - The company maintains a cautiously optimistic outlook on the potential recovery of processing volumes post-pandemic[27]. Financial Performance - For the fiscal year ending March 31, 2023, the company reported a loss attributable to equity shareholders of HKD 39,800,000, an increase of HKD 12,200,000 compared to the previous fiscal year[28]. - Operating segment performance improved by HKD 2,426,000 or 30.8%, attributed to government subsidies of HKD 2,600,000 received during the fiscal year[32]. - The company's net corporate expenses increased by HKD 7,941,000 or 20.1%, primarily due to a foreign exchange loss of HKD 4,200,000, compared to a foreign exchange gain of HKD 2,000,000 in the previous year[28]. - The company recorded a gross profit of HKD 25,000,000, a decrease of HKD 200,000 or 0.6% from the previous fiscal year, with a slight decline in gross margin from 59.7% to 59.0%[43]. - Revenue from the recycling paper business increased by HKD 1,800,000 or 9.2%, despite a 3.2% decrease in sales volume, due to a 12.8% increase in product prices[35]. - The joint venture with Eurogreen Group contributed revenue of HKD 12,300,000, an increase of HKD 1,800,000 or 17.4% compared to the previous fiscal year[38]. - CMDS service revenue slightly decreased by HKD 100,000 or 0.6% to approximately HKD 15,800,000, with expectations for steady recovery in the upcoming periods[36]. - The company recognized an impairment loss of HKD 16,700,000 for property, plant, and equipment in its joint venture, leading to a share of joint venture losses of HKD 8,200,000[40]. - As of March 31, 2023, the company had cash and cash equivalents of approximately HKD 74,400,000, a decrease from HKD 76,500,000 in the previous year[49]. - The current ratio as of March 31, 2023, was 9.7, down from 11.4 in the previous year, indicating a decrease in liquidity[49]. - The group recorded a net foreign exchange loss of HKD 4,200,000 for the year ended March 31, 2023, compared to a foreign exchange gain of HKD 2,000,000 in 2022, primarily due to the depreciation of the Renminbi[50]. - Capital expenditure related to the headquarters in Tseung Kwan O, Hong Kong, was approximately HKD 1,700,000 for the fiscal year[51]. - As of March 31, 2023, the group had capital commitments of approximately HKD 600,000, mainly related to the acquisition of IT infrastructure[51]. - The group employed 98 staff members as of March 31, 2023, with total employee costs amounting to HKD 40,400,000, down from HKD 44,700,000 in the previous fiscal year[60]. Sustainability and Compliance - The group has implemented a solar system expansion with an additional 430 solar panels on the rooftop, enhancing its sustainability efforts[58]. - The group is committed to providing effective waste management services while adhering to environmental laws and regulations, with no known violations reported during the reporting period[58]. - The group collaborates with NGOs to provide free waste collection services, aiming to expand this service in the future[67]. - The company remains optimistic about sales recovery despite uncertainties related to COVID-19 variants and other pandemic situations[68]. - The company anticipates stable revenue from high-quality confidential material destruction services and efficient logistics fleet[68]. - The joint ventures in e-waste and hazardous waste management are expected to provide stable income sources[68]. - Continuous investment in technology, infrastructure, and talent development is planned to enhance capabilities and maintain competitive advantage[68]. - The company emphasizes its commitment to sustainability and strong relationships with stakeholders to address future challenges[68]. Corporate Governance - The company reported no dividend distribution for the fiscal year ending March 31, 2023, consistent with the previous year[79]. - The distributable reserves as of March 31, 2023, were approximately HKD 376.44 million, down from HKD 420.29 million in 2022[83]. - The company's remuneration policy for directors and senior management is based on their experience, responsibilities, and overall market conditions[101]. - As of March 31, 2023, there were no significant transactions or contracts involving directors that had a direct or indirect interest related to the group's business[102]. - As of March 31, 2023, no directors or senior management held any shares or bonds in the company that required disclosure under the Securities and Futures Ordinance[103]. - The company has a share option scheme adopted on March 11, 2010, which allows for the issuance of options to employees, including executive and non-executive directors[109]. - The total number of options granted under the share option scheme cannot exceed 10% of the total issued shares immediately following the completion of the IPO and capitalization issue[109]. - Any options granted to directors or major shareholders require prior approval from independent non-executive directors[110]. - If options granted to major shareholders exceed 0.1% of the issued shares or have a total value exceeding HKD 5,000,000, shareholder approval is required[110]. - The exercise price for options granted under the scheme is determined by the board and cannot be lower than the higher of the par value of the shares or the closing price on the day of the offer[111]. - The company has not established any arrangements that would allow directors to acquire rights to profit from the purchase of shares or bonds[106]. - There were no rights granted to directors or their family members to profit from the acquisition of shares or bonds during the fiscal year ending March 31, 2023[106]. - A total of 157,850,000 share options were granted under the share option scheme, with 152,150,000 options accepted by the grantees[112]. - The exercise price for each share option is HKD 0.128, and the options can be exercised from September 7, 2017, to September 6, 2022[112]. - As of March 31, 2023, no share options were granted, exercised, or cancelled[112]. - The board proposed a new share option scheme to be presented at the 2023 annual general meeting for shareholder approval[114]. - Cheng Yu Tung Family (Holdings) Limited and its affiliates hold a combined 56.86% of the company's issued share capital, totaling 2,742,514,028 shares[117]. - Chow Tai Fook Capital Limited, a controlled entity, also holds 56.86% of the company's shares, indicating significant ownership concentration[117]. - The total procurement price paid by Xinmin to Tianeng under the manufacturing and supply agreement was HKD 192,000, with an annual cap of HKD 8,600,000[125]. - The manufacturing and supply agreement is effective from April 1, 2021, to March 31, 2024, covering various paper products[121]. - Independent non-executive directors reviewed the related party transactions and confirmed compliance with regulations[125]. - The share option scheme has expired, and no shares can be issued under it as of the report date[112]. Risk Management - The total audited net income of Lianyungang Greenrun Environmental Technology Co., Ltd. during the agreement period was approximately RMB 69,123,780, which is below the RMB 90,000,000 threshold[128]. - The company is entitled to receive approximately RMB 4,258,749 from Dugong Limited due to the shortfall in net income, equivalent to about HKD 4,868,000[128]. - The largest customer accounted for 29% of the company's sales, while the top five customers combined represented 49%[133]. - The largest supplier accounted for 19% of the company's purchases, with the top five suppliers together making up 46%[135]. - The company has confirmed that it has sufficient public float, with over 25% of its issued shares held by the public[134]. - The audit committee, composed of three independent non-executive directors and two non-executive directors, reviewed the audited financial statements for the year ending March 31, 2023[138]. - The company has maintained compliance with the corporate governance code throughout the fiscal year ending March 31, 2023[142]. - The company has not entered into any management or administrative contracts for its overall business during the year[132]. - The company has not received any dividends or distributions from the target company during the reporting year[128]. - The company will closely monitor the payment of the agreed amount from Dugong based on future dividend declarations[128]. - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors[145]. - The roles of Chairman and CEO are held by different individuals to ensure a balance of power, with Zheng Zhiming as Chairman and Lin Jingsheng as CEO[146]. - The board has complied with listing rules by appointing at least three independent non-executive directors, constituting at least one-third of the board[149]. - Independent non-executive directors confirmed their ability to dedicate sufficient time to fulfill their duties and responsibilities[151]. - The attendance record for board meetings shows that Lin Jingsheng and Tan Ruijian attended 100% of the meetings[156]. - The company has established formal and informal channels to ensure the board receives independent opinions and information[150]. - The nomination committee is responsible for reviewing board composition and assessing the independence of independent non-executive directors[155]. - The company has a whistleblowing policy allowing employees to report misconduct confidentially to the audit committee[150]. - The term for directors is three years, with one-third of the directors required to retire and seek re-election at each annual general meeting[153]. - The company will publish a circular detailing the re-election of retiring directors in conjunction with the annual report[155]. - The board of directors received training to ensure understanding of the company's operations and regulatory responsibilities[159]. - The audit committee, consisting of five members, reviewed financial statements and compliance with accounting principles[164]. - The remuneration committee established transparent procedures for determining director and senior management compensation[170]. - The company adopted a whistleblowing policy for confidential reporting of misconduct by employees and stakeholders[169]. - The executive committee, led by Mr. Lin, oversees the execution of strategic plans and daily operations[163]. - The audit committee held two meetings with external auditors without the presence of executive directors[169]. - The company provided training for directors on corporate governance and compliance with legal regulations[167]. - The audit committee reviewed the effectiveness of the company's risk management and internal control systems[167]. - The remuneration committee reviewed the company's governance practices and made recommendations for improvements[171]. - The board committees are authorized to seek independent professional advice as needed[162]. - The company established a nomination committee consisting of four members, including independent non-executive directors, to review board composition and develop nomination procedures[173]. - The nomination committee reviewed and discussed the remuneration policies for directors and senior management, including performance bonuses and recommendations for executive director contracts[174]. - The board diversity policy aims to enhance gender diversity, with a target to appoint at least one female board member by the end of 2024[182]. - As of March 31, 2023, 75.5% of the company's employees were male, reflecting the nature of the business[182]. - The company has implemented a code of conduct for employees regarding securities trading, adhering to standards to prevent insider trading[186]. - The board is responsible for preparing financial statements in accordance with statutory requirements and applicable accounting standards, ensuring no significant doubts about the company's going concern[187]. - The company has purchased appropriate liability insurance for its directors and officers to cover costs and liabilities arising from their duties[183]. - The nomination committee is tasked with monitoring the effectiveness of the board diversity policy and setting measurable targets for diversity[175]. - The company recognizes the importance of anti-corruption measures as part of good corporate governance and has established relevant policies[186]. - The external auditor, KPMG, received a total fee of HKD 1,940,000 for the annual audit and HKD 478,000 for non-audit services, which mainly included the review of interim reports and tax advisory services[190]. - The board is responsible for assessing the nature and extent of risks the group is willing to accept to achieve strategic and business objectives, with reviews conducted at least annually[191]. - The group employs both qualitative and quantitative risk management methods to evaluate risks that may hinder the achievement of business objectives, focusing on strategic, operational, market, financial, and legal compliance risks[194]. - The internal audit function independently evaluates the effectiveness of the group's risk management and internal control systems, reporting significant findings directly to the audit committee every six months[200]. - The internal audit department assesses the accuracy and effectiveness of the group's financial activities and data, ensuring compliance with regulatory guidelines and laws[200].

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。 Integrated Waste Solutions Group Holdings Limited 綜合環保集團有限公司 （於開曼群島註冊成立的有限公司，股份代號：923） 截至二零二三年三月三十一日止年度之 年度業績 年度業績 • 收益增加0.5%至42,300,000港元 • 毛利率由59.7%減少至59.0% • 本公司權益股東應佔虧損增加44.3%至39,800,000港元 • 每股基本虧損為0.8港仙（二零二二財政年度：0.6港仙） 董事會不建議就截至二零二三年三月三十一日止年度派發任何股息。 綜合環保集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司 及其附屬公司（「本集團」）截至二零二三年三月三十一日止年度之綜合業績。本公 ...

Financial Performance - The company reported a loss attributable to equity shareholders of HKD 14,600,000 for the six months ended September 30, 2022, consistent with the loss of HKD 14,600,000 for the same period in 2021[10]. - For the six months ended September 30, 2022, total revenue was HKD 22,210,000, a slight decrease of 0.13% compared to HKD 22,239,000 for the same period in 2021[102]. - The company incurred an operating loss of HKD 21,705,000, compared to an operating loss of HKD 20,680,000 in the previous year, indicating a deterioration in operational performance[67]. - The net loss for the period was HKD 15,140,000, a slight improvement from a net loss of HKD 15,473,000 in the prior year[69]. - Total comprehensive loss for the period amounted to HKD 21,079,000, compared to HKD 15,428,000 in the same period last year, reflecting increased losses[69]. Revenue Breakdown - Revenue from the recycling paper business rose to approximately HKD 11,400,000, an increase of about HKD 1,400,000 or 13.7%, driven by a 23.1% increase in average selling prices[18]. - CMDS service revenue was HKD 7,900,000, a decrease of HKD 1,100,000 or 12.1%, impacted by the severe effects of the COVID-19 pandemic since February 2022[19]. - The joint venture for the treatment and recycling of waste electrical and electronic products contributed HKD 6,600,000 in revenue, an increase of HKD 600,000 or 10.0%[19]. - The Logistics Services segment reported revenue of HKD 2,279,000, a decrease of 3.5% from HKD 2,363,000 year-on-year[102]. - The Life Paper Products segment's revenue decreased to HKD 520,000, down 34.5% from HKD 795,000 in the previous year[102]. Operating Expenses - Operating expenses increased by HKD 4,100,000 or 17.9%, primarily due to a foreign exchange loss of HKD 6,000,000 from the depreciation of the Renminbi[10]. - Total sales, distribution, administrative, and other operating expenses amounted to HKD 35,900,000, a decrease of HKD 2,200,000 compared to the previous period due to ongoing cost control measures implemented by management[23]. - Employee costs for the six months ended September 30, 2022, were HKD 19,300,000, a decrease from HKD 21,600,000 in the same period last year, with approximately 102 employees employed[33]. Cash Flow and Liquidity - As of September 30, 2022, the group had unrestricted bank deposits and cash of approximately HKD 79,600,000, up from HKD 76,500,000 as of March 31, 2022, with a current ratio of 11.5[25]. - The company's cash and cash equivalents stood at HKD 79,602,000, up from HKD 76,462,000 as of March 31, 2022[73]. - The net cash generated from investing activities was HKD 8,398,000, a decrease from HKD 16,929,000 in the previous year[84]. - Operating cash outflow before changes in working capital was HKD 4,234,000, an improvement from HKD 7,957,000 in the prior year[86]. Future Outlook - The company anticipates continued growth in the waste electrical and electronic products business, which is expected to contribute more revenue[19]. - The hazardous waste treatment business is expected to improve due to enhanced operational efficiency and the commencement of new projects in the coming year[34]. - The company anticipates continued uncertainty in business operations due to strict COVID-19 control measures in mainland China, while optimistic about growth in Hong Kong as restrictions ease[34]. Corporate Governance and Compliance - The company has adopted the Corporate Governance Code and has complied with its provisions for the six months ending September 30, 2022[53]. - All directors confirmed compliance with the Securities Trading Code during the six months ending September 30, 2022[55]. - The company has implemented a self-regulatory code for employees regarding securities trading, with no violations reported during the six months ending September 30, 2022[56]. - The audit committee reviewed the interim financial report for the six months ended September 30, 2022, ensuring compliance with accounting principles and standards[63]. Shareholder Information - The board does not recommend any interim dividend for the six months ended September 30, 2022, consistent with the previous year[35]. - The issued share capital as of September 30, 2022, is 4,823,009,000 shares, amounting to HKD 482,301,000, unchanged from March 31, 2022[142]. - As of September 30, 2022, Cheng Yu Tung Family (Holdings) Limited and its affiliates collectively hold 2,742,514,028 shares, representing 56.86% of the company's issued share capital[48]. Other Financial Metrics - EBITDA improved slightly by HKD 400,000 to HKD 4,200,000 from HKD 4,600,000 in the previous period[24]. - The company's total equity decreased to HKD 798,233,000 from HKD 819,312,000, reflecting a decline in shareholder value[76]. - The company reported a pre-tax loss of HKD 14,553,000 for the six months ended September 30, 2022, compared to a loss of HKD 14,590,000 for the same period in 2021[122].

Financial Performance - The company experienced a significant negative impact on its financial performance due to the COVID-19 pandemic, leading to a decrease in demand for waste management services [9]. - The company reported a loss attributable to equity shareholders of HKD 27,600,000 for the fiscal year 2022, an increase of HKD 3,700,000 or 15.4% compared to the previous fiscal year [40]. - Revenue from the CMDS (Confidential Materials Destruction Services) segment decreased to approximately HKD 15,900,000, representing a decline of 22.0% [46]. - The company’s gross profit for the fiscal year 2022 was HKD 25,200,000, a decrease of HKD 3,900,000 or 13.5% compared to the previous year, while the gross profit margin increased from 56.7% to 59.7% [59]. - The company’s operating segment performance showed a decline in profit of HKD 6,129,000 or 43.8% compared to the previous fiscal year [40]. - The company’s logistics service revenue decreased by HKD 5,000,000 or 53.0%, primarily due to lower collection rates for waste electrical and electronic products [54]. - The group recorded a loss before interest, tax, depreciation, and amortization of HKD 7,100,000 for the fiscal year 2022, compared to a loss of HKD 1,000,000 in the fiscal year 2021, with HKD 7,900,000 attributed to government subsidies received [61]. - The group recorded a net foreign exchange gain of HKD 2,000,000 for the fiscal year 2022, up from HKD 1,200,000 in the previous year, primarily due to the appreciation of the Renminbi [63]. Business Operations - The recycling business for paper benefited from rising product prices, while sales of household paper increased due to enhanced marketing efforts [9]. - The collection of discarded electrical and electronic products remained stable, driven by a government consumption voucher scheme encouraging consumers to purchase new appliances [9]. - Losses in the plastic waste recycling segment were significantly reduced due to adjustments in the scope of operations as an OEM service provider [9]. - The hazardous waste treatment business in China was adversely affected by local pandemic measures, but growth is expected once production and business activities normalize [9]. - The company anticipates a gradual recovery in its business and is committed to providing long-term value to shareholders [10]. - The company will continue to monitor regulatory developments related to waste recycling and reduction to align its services and explore new revenue opportunities [10]. - The company has invested in a hazardous waste treatment project in Lianyungang, Jiangsu Province, which commenced full production in March 2022, with a second phase expected to start operations in 2023 [36]. - The company’s joint venture in mainland China for hazardous waste treatment is expected to become a major profit contributor due to favorable environmental policies [56]. - The company’s revenue from the sale of other waste materials increased by 105.9% to HKD 70,000 [42]. Corporate Governance - The company has committed to maintaining high levels of corporate governance and has adhered to the principles and code provisions of the corporate governance code throughout the financial year ended March 31, 2022 [161]. - The board regularly reviews the corporate governance code and has established various policies focusing on risk management, internal communication, and internal control mechanisms [161]. - The audit committee consists of three independent non-executive directors and two non-executive directors, and has reviewed the audited consolidated financial statements for the year ended March 31, 2022 [156]. - The company has established four standing board committees: Executive Committee, Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of business [185]. - The company has a robust internal control system to ensure effective risk management and compliance with relevant regulations [190]. - The audit committee is responsible for reviewing financial statements and reports before submission to the board, ensuring compliance with accounting standards [190]. - The company has established formal and transparent procedures for determining the remuneration of directors, with the human resources department managing relevant data [198]. Shareholder Information - As of March 31, 2022, the company's distributable reserves amounted to approximately HKD 420,290,000, a slight decrease from HKD 421,412,000 in the previous year [97]. - The board does not recommend a dividend for the year ending March 31, 2022, consistent with the previous year where no dividend was declared [93]. - Major shareholders as of March 31, 2022, include Cheng Yu Tung Family (Holdings) Limited, holding 2,742,514,028 shares, representing 56.86% of the issued share capital [132]. - Chow Tai Fook Capital Limited also holds 2,742,514,028 shares, equivalent to 56.86% of the issued share capital, indicating significant control by related entities [132]. - Victory Day Investments Limited and Smart On Resources Ltd. collectively hold 732,550,000 shares, representing 15.19% of the issued share capital [132]. - The company confirmed that it has sufficient public float, with shares held by the public exceeding 25% of the total issued shares [153]. Management and Directors - Mr. Zeng Anye has over 20 years of experience in international capital markets and previously served as Managing Director at Deutsche Bank in Hong Kong [19]. - Mr. Li Zhixuan has over 15 years of professional experience in corporate finance, investment, and asset management, and is currently Senior Vice President at Chow Tai Fook Enterprises [23]. - Mr. Zhou Shaorong is an independent non-executive director and has been with the company since October 2013, holding a law degree and extensive experience in legal and corporate governance [26]. - Mr. Huang Wenzong has over 30 years of experience in auditing, taxation, and corporate restructuring, and is a senior member of multiple accounting associations [27]. - Mr. Chen Dingbang has a rich background in corporate strategy and planning, with experience in various industries and has been with the company since May 2018 [31]. - As of March 31, 2022, the compensation policy for directors and senior management is linked to the group's financial performance and individual performance [113]. - As of March 31, 2022, directors and senior management hold approximately 0.31% of the company's shares, with individual holdings of 15,000,000 shares each for four directors [118]. Employee and Stakeholder Engagement - The group is committed to environmental sustainability and has integrated ESG considerations into daily operations, aligning with customer demands for increased waste recycling [70]. - The group has established communication channels with stakeholders to understand the impact of its operations on decision-making processes [76]. - The group emphasizes the importance of employee safety and adheres to occupational health and safety regulations, with a focus on training and development programs [77]. - The company has adopted a whistleblowing policy for employees, customers, suppliers, and other stakeholders to report suspected misconduct confidentially [197]. Audit and Compliance - The audit committee held two meetings with external auditors without the presence of executive directors or senior management [197]. - The committee reviewed the external audit scope, audit plan, and auditor fees [194]. - The company is considering appointing an internal auditor to enhance its internal audit capabilities [194]. - The audit committee's findings and recommendations were reported to the board for further action [197].

iws Integrated Waste Solutions Group Holdings Limited 綜合環保集團有限公司 (於開曼群島註冊成立之有限公司) 股份代號：923 dhallo O 2021/22 中期報告 目 錄 1 | --- | --- | |--------------------------|-------| | | | | 公司資料 | | | 管理層討論及分析 | | | 其他資料 | | | 綜合損益及其他全面收益表 | | | 綜合財務狀況表 | | | 綜合權益變動表 | | | 簡明綜合現金流量表 | | | 未經審核中期財務報告附註 | | | 獨立核數師審閱報告 | | o 綜合環保集團有限公司 | 2021/22 中期報告 公司資料 | --- | --- | |-------------------------|--------------------------------| | | | | 董事 | 開曼群島註冊辦事處 | | 執行董事 | Windward 3 | | 林景生先生 （行政總裁） | Regatta Office Park | | 譚瑞堅先生 ...

IWS Integrated Waste Solutions Group Holdings Limited 綜合環保集團有限公司 (於開曼群島註冊成立之有限公司) 股份代號：923 dhall o O =文字= ○ 202 年報 目 錄 公司資料 2 主席報告 3 董事及高級管理層 5 管理層討論及分析 10 董事會報告 19 企業管治報告 34 獨立核數師報告 53 綜合損益及其他全面收益表 59 綜合財務狀況表 61 綜合權益變動表 63 綜合現金流量表 64 財務報表附註 65 五年財務概要 136 db all a C O 綜合環保集團有限公司 | 2021年報 | --- | --- | |---------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------| | | | | 公司資料 | | | | | | 董事 | 公司秘 ...