2020/21 年報 GREEN ENERGY GROUP LIMITED 綠色能源科技集團有限公司 股份代號 : 979 目 錄 頁次 公司資料 2 主席報告 3 董事及高級管理人員履歷詳情 7 管理層討論及分析 10 董事會報告書 16 企業管治報告 23 環境、社會及管治報告 37 獨立核數師報告書 63 綜合全面收益表 69 綜合財務狀況表 71 綜合權益變動表 73 綜合現金流量表 74 綜合財務報表附註 76 五年財務概要 152 公司資料 獨立非執行董事 譚鎮華先生 施祥鵬先生 公司秘書 吳志強先生 董事 執行董事 黃世雄先生（主席） 羅賢平先生 何偉雄先生 劉家榮先生 審核委員會 譚鎮華先生（主席） 施祥鵬先生 劉家榮先生 薪酬委員會 譚鎮華先生（主席） 施祥鵬先生 劉家榮先生 提名委員會 黃世雄先生（主席） 譚鎮華先生 施祥鵬先生 核數師 中審眾環（香港）會計師事務所有限公司 （於二零二一年五月二十四日獲委任） 鄭鄭會計師事務所有限公司 （於二零二一年五月二十四日辭任） 法律顧問 康德明律師事務所 主要往來銀行 華僑永亨銀行有限公司 交通銀行股份有限公司（香港分行） 集友銀行有限公司 中國銀 ...

[Cover and Table of Contents](index=1&type=section&id=Cover) The report is the 2020 interim report published by Green Energy Group Limited (Stock Code: 979) - The report is the 2020 interim report published by Green Energy Group Limited (Stock Code: 979)[2](index=2&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) [Key Company Information](index=3&type=section&id=Company%20Information) This section provides basic company information, including board members, committee structures, registered office, principal place of business, share registrar, and principal bankers - Executive Directors include Mr. Wong Sai Hung (Chairman), Mr. Lo Yin Ping, and Mr. Ho Wai Hung[6](index=6&type=chunk) - The company's auditor is Cheng & Cheng Limited[5](index=5&type=chunk)[6](index=6&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended December 31, 2020, the company's revenue decreased by 46.1% year-on-year to HKD 40.16 million, while loss attributable to owners narrowed by 31.4% to HKD 8.14 million due to exchange gains Summary of Consolidated Statement of Comprehensive Income (For the six months ended December 31) | Indicator | 2020 (HKD thousands) | 2019 (HKD thousands) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Revenue | 40,159 | 74,597 | -46.1% | | Loss before income tax | (9,114) | (12,085) | -24.6% | | Loss for the period | (9,119) | (12,090) | -24.6% | | Loss attributable to owners of the Company | (8,136) | (11,833) | -31.2% | | Basic loss per share (HK cents) | 0.72 | 1.06 | -32.1% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of December 31, 2020, total assets were HKD 104.4 million and net assets were HKD 93.65 million, both slightly decreased from June 30, 2020, with cash and cash equivalents reducing to HKD 62.08 million Summary of Statement of Financial Position | Indicator | December 31, 2020 (HKD thousands) | June 30, 2020 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Non-current assets | 35,560 | 30,543 | +16.4% | | Current assets | 68,843 | 78,749 | -12.6% | | **Total assets** | **104,403** | **109,292** | **-4.5%** | | Current liabilities | 10,755 | 8,162 | +31.8% | | **Net assets** | **93,648** | **101,130** | **-7.4%** | | Cash and cash equivalents | 62,079 | 70,133 | -11.5% | [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended December 31, 2020, total equity decreased due to the loss for the period, with no share issuance activities unlike the prior year's HKD 22.4 million share placement - During the period, the company's total equity decreased from **HKD 101 million** at the beginning of the period to **HKD 93.65 million** at the end, primarily due to a total comprehensive loss of **HKD 7.49 million** for the period[11](index=11&type=chunk)[13](index=13&type=chunk) - Unlike the prior period's **HKD 22.4 million** raised through share placement, no share issuance activities occurred in this reporting period[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash outflow from operating activities improved to HKD 5.82 million, and with no financing activities, cash and cash equivalents decreased by HKD 9.95 million to HKD 62.08 million at period-end Summary of Cash Flow Statement (For the six months ended December 31) | Indicator | 2020 (HKD thousands) | 2019 (HKD thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | (5,815) | (13,004) | | Net cash (used in)/from investing activities | (3,501) | 3,100 | | Net cash (used in)/from financing activities | (632) | 21,741 | | Net (decrease)/increase in cash and cash equivalents | (9,948) | 11,837 | | Cash and cash equivalents at end of period | 62,079 | 43,571 | [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [Revenue and Segment Information](index=9&type=section&id=3.%20Revenue%20and%20Segment%20Information) Group revenue primarily from five business segments, with renewable energy (recycled oil/biodiesel trading) being the largest but experiencing a 50.4% year-on-year decline, while a new healthcare business was launched for diversification Revenue by Business Segment (For the six months ended December 31) | Business Segment | 2020 (HKD thousands) | 2019 (HKD thousands) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Recycled oil/biodiesel trading | 33,649 | 67,806 | -50.4% | | Construction waste trading and processing services | 2,418 | 2,585 | -6.5% | | Plastic recycling/metal scrap | 3,681 | 2,706 | +36.0% | | Money lending services | – | 1,500 | -100.0% | | Healthcare services | 411 | – | N/A | | **Total** | **40,159** | **74,597** | **-46.1%** | - The Group newly launched healthcare business, including laboratory diagnostic services and clinical health services, during the reporting period, disclosed as a separate business segment[21](index=21&type=chunk) [Interim Dividend](index=12&type=section&id=6.%20Interim%20Dividend) The Board of Directors does not recommend an interim dividend for the six months ended December 31, 2020 - The company's directors do not recommend an interim dividend for the six months ended December 31, 2020 (2019 corresponding period: nil)[32](index=32&type=chunk) [Share Capital](index=15&type=section&id=12.%20Share%20Capital) As of December 31, 2020, the company's total issued ordinary shares were 1,136,308,176, with no changes during the reporting period, unlike a share placement in the prior year - As of December 31, 2020, the company's issued and fully paid share capital was **1,136,308 thousand shares**, with a total par value of **HKD 113,631 thousand**, unchanged during this reporting period[37](index=37&type=chunk) - The note mentions that the company placed **189,380,000 new shares** at **HKD 0.12 per share** in July 2019, raising net proceeds of approximately **HKD 22.5 million**[38](index=38&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=16&type=section&id=Business%20Review) During the reporting period, total group revenue decreased by 46.1% year-on-year, but net loss narrowed by 31.4% mainly due to exchange gains from USD depreciation, with varied performance across segments and a new healthcare business launched [Operating Results](index=16&type=section&id=Operating%20Results) For the six months ended December 31, 2020, group revenue was approximately HKD 40.2 million, a 46.1% year-on-year decrease, with net loss attributable to owners of approximately HKD 8.1 million, a 31.4% decrease, primarily due to HKD 2.4 million exchange gains - The reduction in loss was primarily due to approximately **HKD 2.4 million** exchange gains from the depreciation of the US dollar, compared to an exchange loss of **HKD 1.9 million** in the prior period[41](index=41&type=chunk) - The reduction in loss was partially offset by increased losses in the plastic recycling segment due to plummeting crude oil prices, market stagnation, and raw material shortages[41](index=41&type=chunk) [Segment Information](index=16&type=section&id=Segment%20Information) Business segments were significantly impacted by macroeconomic conditions, with renewable energy revenue halved, plastic recycling losses expanding, construction waste stable, money lending paused, and new healthcare business showing initial results - **Renewable Energy**: Revenue decreased by approximately **50%** year-on-year to **HKD 33.6 million**, mainly due to reduced demand for transport fuel from the pandemic, lower crude oil prices weakening competitiveness, and surging freight costs due to international container shortages[42](index=42&type=chunk) - **Plastic Recycling/Metal Scrap**: Revenue increased to **HKD 3.7 million**, but segment loss expanded to **HKD 4.4 million**, primarily affected by global oil price declines, recycled plastic price wars, European pandemic lockdowns, and raw material shortages in Japan[46](index=46&type=chunk)[47](index=47&type=chunk) - **Money Lending Business**: Due to deteriorating economic conditions and rising delinquency rates, the Group adopted a cautious approach, with no new transactions and zero revenue during the period[47](index=47&type=chunk) - **Healthcare Business**: As part of business diversification, the Group commenced this new business in December 2020, providing laboratory diagnostic services, generating approximately **HKD 0.4 million** in revenue during the period[47](index=47&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) The Group maintains a healthy financial position with a current ratio of 6.4 and no external borrowings, with HKD 8 million of the HKD 22.5 million raised from the July 2019 share placement still unused, earmarked for renewable energy business expansion - As of December 31, 2020, the Group's current ratio was approximately **6.4** (June 30, 2020: 9.6), with no external borrowings and sufficient capital[48](index=48&type=chunk) Use of Proceeds from Share Placement (As of December 31, 2020) | Planned Use | Planned Amount (HKD millions) | Actual Use (HKD millions) | Unused Amount (HKD millions) | | :--- | :--- | :--- | :--- | | Development of plastic recycling business | 10.0 | 10.0 | 0.0 | | Expansion of renewable energy business and future opportunities | 8.0 | 0.0 | 8.0 | | Additional general working capital | 4.5 | 4.5 | 0.0 | | **Total** | **22.5** | **14.5** | **8.0** | [Business Outlook and Future Prospects](index=19&type=section&id=Business%20Outlook%20and%20Future%20Prospects) Looking ahead, the Group anticipates continued macroeconomic pressure in H1 2021 but remains cautiously optimistic about economic recovery, focusing on strict cost control, prudent development of existing businesses, and leveraging high-grade plastic recycling in Japan and new healthcare ventures for growth - The Group will continue to strictly control expenses, optimize liquidity, and prudently develop existing and new businesses to broaden revenue streams[59](index=59&type=chunk) - The Japanese subsidiary will focus on improving the quality and technology of high-grade plastic waste recycling to meet increasingly stringent import requirements[59](index=59&type=chunk) - The Group is optimistic about the demand in the healthcare and diagnostic testing industry, believing the new business launched in Q4 2020 can capture market share[59](index=59&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Major Shareholders' Interests](index=20&type=section&id=Major%20Shareholders'%20Interests) As of December 31, 2020, New Glory Business Corporation and Rich Bay Global Limited were the company's major shareholders, holding 23.57% and 12.96% of the issued ordinary shares, respectively Major Shareholders' Shareholdings (As of December 31, 2020) | Shareholder Name | Number of Shares Held | Approximate Percentage | | :--- | :--- | :--- | | New Glory Business Corporation | 267,829,436 | 23.57% | | Rich Bay Global Limited | 147,244,000 | 12.96% | [Corporate Governance](index=21&type=section&id=Corporate%20Governance) The company complied with most corporate governance code provisions during the reporting period, with one deviation: the roles of Chairman and Chief Executive are not separate, both held by Mr. Wong Sai Hung, which the Board believes enhances leadership and efficiency - The company deviated from Corporate Governance Code provision A.2.1, which states that the roles of chairman and chief executive should be separate, as Mr. Wong Sai Hung, the company's chairman, also performs the duties of chief executive[72](index=72&type=chunk)[73](index=73&type=chunk) - The Board believes that combining the two roles in one person strengthens and unifies leadership, and allows for more effective planning and implementation of business decisions[73](index=73&type=chunk)

U GREEN ENERGY GROUP LIMITED 綠 色 能 源 科 技 集 團 有 限 公 司 ( 於 百 翡 迷 註 冊 成 立 之 有 限 公 司 ) 股份代號：979 2019/20 年 報 1 綠色能源科技集團有限公司 年 報 2019/20 目 錄 頁次 公司資料 2 主席報告 3 董事及高級管理人員履歷詳情 7 管理層討論及分析 10 董事會報告書 14 企業管治報告 21 環境、社會及管治報告 35 獨立核數師報告書 58 綜合全面收益表 64 綜合財務狀況表 66 綜合權益變動表 68 綜合現金流量表 69 綜合財務報表附註 71 五年財務概要 160 綠色能源科技集團有限公司 年 報 2019/20 公司資料 董事 執行董事 黃世雄先生（主席） （於二零一九年十二月一日由獨立非執行董事調 任，並獲委任為主席） 羅賢平先生（於二零一九年十二月一日辭任主席） 何偉雄先生 獨立非執行董事 譚鎮華先生 施祥鵬先生 劉家榮先生（於二零二零年二月二十六日獲委任） 審核委員會 譚鎮華先生（主席） 施祥鵬先生 | --- | --- | |----------------------------- ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) The report outlines the company's basic information, including board members, registered office, principal place of business, share registrar, auditor, and principal bankers - The report provides an overview of the company's fundamental details, such as its board of directors, registered office, principal place of business, share registrar, auditor, and principal bankers[4](index=4&type=chunk)[5](index=5&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents the company's condensed consolidated financial statements, including comprehensive income, financial position, and cash flows [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended December 31, 2019, turnover significantly increased by 108.3% to HKD 74.6 million, but loss for the period expanded to HKD 12.09 million due to increased operating expenses Summary of Consolidated Statement of Comprehensive Income (For the six months ended December 31) | Indicator | 2019 (HKD Thousands) | 2018 (HKD Thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Turnover (Continuing Operations)** | **74,597** | **35,809** | **+108.3%** | | Changes in inventories of finished goods | (69,026) | (31,140) | - | | Staff costs | (8,005) | (5,420) | +47.7% | | Other operating expenses | (9,290) | (8,302) | +11.9% | | **Loss before income tax** | **(12,085)** | **(9,782)** | **+23.5%** | | **Loss for the period** | **(12,090)** | **(9,668)** | **+25.1%** | | Loss attributable to owners of the Company | (11,833) | (9,004) | +31.4% | | Basic loss per share (HK cents) | (1.06) | 0.95 | - | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of December 31, 2019, total assets increased to HKD 119.8 million, and net assets to HKD 116.7 million, with a strong current ratio indicating good short-term solvency Summary of Statement of Financial Position | Indicator | As at December 31, 2019 (HKD Thousands) | As at June 30, 2019 (HKD Thousands) | Change | | :--- | :--- | :--- | :--- | | **Total assets** | **119,781** | **110,482** | **+8.4%** | | Non-current assets | 27,884 | 34,635 | -19.5% | | Current assets | 91,897 | 75,847 | +21.2% | | **Total liabilities** | **3,127** | **4,919** | **-36.4%** | | Current liabilities | 2,790 | 4,919 | -43.3% | | **Net assets** | **116,654** | **105,563** | **+10.5%** | | Equity attributable to owners of the Company | 115,066 | 103,721 | +10.9% | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash outflow from operating activities was HKD 13 million, while net cash inflow from investing activities was HKD 3.1 million and from financing activities was HKD 21.74 million, increasing period-end cash to HKD 43.57 million Summary of Cash Flow Statement (For the six months ended December 31) | Indicator | 2019 (HKD Thousands) | 2018 (HKD Thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | (13,004) | (35,264) | | Net cash from/(used in) investing activities | 3,100 | (350) | | Net cash from financing activities | 21,741 | 5,245 | | **Net increase/(decrease) in cash and cash equivalents** | **11,837** | **(30,369)** | | Cash and cash equivalents at beginning of period | 31,563 | 52,537 | | **Cash and cash equivalents at end of period** | **43,571** | **20,732** | [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section details the accounting policies adopted, revenue and segment information, dividends, loss per share, and the impact of subsidiary disposals [Accounting Policies](index=9&type=section&id=Accounting%20Policies) The Group adopted HKFRS 16 "Leases" from July 1, 2019, recognizing right-of-use assets and lease liabilities of approximately HKD 2.54 million, with other accounting policies remaining consistent - Effective July 1, 2019, the Group first applied HKFRS 16 "Leases," recognizing leases previously classified as "operating leases" as right-of-use assets and lease liabilities[16](index=16&type=chunk)[17](index=17&type=chunk) Impact of Adopting HKFRS 16 (July 1, 2019) | Item | Impact Amount (HKD Thousands) | | :--- | :--- | | Increase in non-current assets - right-of-use assets | 2,536 | | Increase in liabilities - lease liabilities | 2,536 | [Revenue and Segment Information](index=10&type=section&id=Revenue%20and%20Segment%20Information) Total revenue increased by 108.3% to HKD 74.6 million, driven by renewable energy, while plastic/metal waste recycling revenue significantly declined, resulting in an overall operating loss Revenue by Business Segment (For the six months ended December 31) | Business Segment | 2019 (HKD Thousands) | 2018 (HKD Thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Recyclable oil/biodiesel trading | 67,806 | 27,077 | +150.4% | | Construction waste trading and waste treatment services | 2,585 | 1,993 | +29.7% | | Plastic/metal waste recycling business | 2,706 | 5,239 | -48.4% | | Money lending services | 1,500 | 1,500 | 0% | | **Total** | **74,597** | **35,809** | **+108.3%** | Segment Results by Business Segment (For the six months ended December 31) | Business Segment | 2019 (HKD Thousands) | 2018 (HKD Thousands) | | :--- | :--- | :--- | | Renewable energy | 917 | 409 | | Construction waste and waste treatment services | 295 | 283 | | Money lending services | 215 | 214 | | Plastic/metal waste recycling business | (2,909) | (3,215) | | **Total segment results** | **(1,482)** | **(2,309)** | - Due to unsatisfactory performance, the biological clean materials trading business was discontinued as of June 30, 2019[21](index=21&type=chunk) [Dividends and Loss Per Share](index=13&type=section&id=Dividends%20and%20Loss%20Per%20Share) The Board did not recommend an interim dividend, and the loss attributable to owners was HKD 11.83 million, resulting in a basic loss per share of 1.06 HK cents - The Board did not recommend an interim dividend for the period[27](index=27&type=chunk) Loss Per Share Calculation | Indicator | For the six months ended December 31, 2019 | | :--- | :--- | | Loss attributable to owners of the Company (HKD Thousands) | (11,833) | | Weighted average number of ordinary shares in issue (shares) | 1,112,506,318 | | **Basic and diluted loss per share (HK cents)** | **(1.06)** | [Disposal of Subsidiaries](index=17&type=section&id=Disposal%20of%20Subsidiaries) The Group disposed of its interests in Upframe Limited and Almoray Limited, generating a gain of HKD 0.438 million and a net cash inflow of HKD 3.055 million - The Group disposed of its entire interests in Upframe Limited and Almoray Limited, whose principal businesses were holding freehold land in Germany and investment holding[39](index=39&type=chunk) Financial Impact of Subsidiary Disposal | Item | Amount (HKD Thousands) | | :--- | :--- | | Consideration received | 3,780 | | Net assets disposed of | (3,379) | | Release of exchange reserve | 37 | | **Gain on disposal of subsidiaries** | **438** | | **Net cash inflow from disposal of subsidiaries** | **3,055** | [Management Discussion and Analysis](index=18&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, segment analysis, financial review, and future strategic outlook [Business Review and Operating Results](index=18&type=section&id=Business%20Review%20and%20Operating%20Results) During the period, turnover increased by 108.3% to HKD 74.6 million, but net loss attributable to owners expanded by 31.1% to HKD 11.83 million due to product mix and operational inefficiencies Half-Yearly Performance Comparison | Indicator | First Half of FY2019/20 | First Half of FY2018/19 | | :--- | :--- | :--- | | Turnover | Approx. HKD 74,597,000 | Approx. HKD 35,809,000 | | Net loss attributable to owners of the Company | Approx. HKD 11,833,000 | Approx. HKD 9,000,000 | - The primary reasons for the expanded loss include: (i) an unfavorable product mix with a higher proportion of low-margin products; (ii) low utilization of the German recycled plastic production facility due to scheduled maintenance; and (iii) a **HKD 2.6 million increase** in staff costs and related bonuses to support business growth[43](index=43&type=chunk) [Segment Performance Analysis](index=18&type=section&id=Segment%20Performance%20Analysis) Renewable energy drove significant growth, while plastic/metal waste recycling declined due to China's import policies, prompting strategic shifts towards Japan and cautious expansion in money lending - **Renewable energy** revenue reached **HKD 67.81 million** (compared to HKD 27.08 million in the prior period), benefiting from joint ventures, with plans to explore new markets like Malaysia and Taiwan[45](index=45&type=chunk) - **Construction waste and waste treatment** revenue increased by **29.7% to HKD 2.585 million**, supported by solid relationships with local construction companies and government agencies[45](index=45&type=chunk) - **Plastic/metal waste recycling** revenue decreased by **48.18% to HKD 2.706 million** due to China's "Ban on Foreign Waste Imports" policy; in response, the Group established a joint venture in Japan for advanced plastic waste recycling, expected to commence operations in Q1 2020[47](index=47&type=chunk)[48](index=48&type=chunk) - **Money lending services** revenue remained stable at **HKD 1.5 million**, with management adopting a cautious approach while considering steady business expansion[49](index=49&type=chunk) [Financial Review](index=20&type=section&id=Financial%20Review) As of December 31, 2019, the Group maintained a strong financial position with a current ratio of approximately 32.8 and no external borrowings, having raised HKD 22.5 million from new share placements Liquidity Indicators (As at December 31, 2019) | Indicator | Amount (HKD Thousands) | | :--- | :--- | | Total current assets | 91,897 | | Total current liabilities | 2,790 | | **Current Ratio** | **Approx. 32.8** | - In July 2019, the company raised **HKD 22.5 million** net from a new share placement, with approximately **HKD 10.5 million** allocated to plastic recycling business development and general working capital, while some funds remain unutilized[52](index=52&type=chunk) - The Group faces risks from USD and EUR exchange rate fluctuations but has not used any derivative financial instruments for hedging[53](index=53&type=chunk) [Future Outlook](index=21&type=section&id=Future%20Outlook) The Group plans to allocate more resources to its money lending business in Hong Kong and upgrade German facilities while focusing on the Japanese plastic recycling joint venture to address new waste import regulations and seek acquisition opportunities - Given increased lending demand, the Group plans to allocate more resources to its money lending business to generate stable profits and diversify risks[57](index=57&type=chunk) - To comply with stricter waste import standards in China, the Group plans to upgrade existing equipment to produce high-end products and views the new joint venture in Japan as a significant growth driver[58](index=58&type=chunk) - The Group will continue to review costs, manage cash resources, and seek acquisition opportunities in new business areas and geographical markets[59](index=59&type=chunk) [Other Information](index=23&type=section&id=Other%20Information) This section covers major shareholders' interests and the company's corporate governance practices, including deviations from code provisions [Major Shareholders and Interests](index=23&type=section&id=Major%20Shareholders%20and%20Interests) As of December 31, 2019, major shareholders included New Glory Business Corporation with 23.57% and Rich Bay Global Limited with 12.96%, with Leyou Technologies Holdings Limited holding approximately 5.28% Major Shareholder Holdings (As at December 31, 2019) | Shareholder Name | Number of Shares Held | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | | New Glory Business Corporation | 267,829,436 | 23.57% | | Rich Bay Global Limited | 147,244,000 | 12.96% | | Leyou Technologies Holdings Limited | 60,000,000 | 5.28% | [Corporate Governance](index=24&type=section&id=Corporate%20Governance) The company largely complied with corporate governance codes, but deviated on the separation of Chairman and CEO roles and temporary non-compliance with independent non-executive director requirements - There was a deviation from Corporate Governance Code Provision A.2.1, where the roles of Chairman and Chief Executive Officer were held by the same individual, Mr. Wong Sai Hung[68](index=68&type=chunk) - Between December 1, 2019, and February 26, 2020, the company did not meet the Listing Rules' requirements for the number of independent non-executive directors (at least three) and Audit Committee members (at least three), but this issue was subsequently resolved[71](index=71&type=chunk)

GREEN ENERGY GROUP LIMITED 綠 色 能 源 科 技 集 團 有 限 公 司 ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) 股份代號：979 2018/19 | --- | --- | --- | --- | --- | |---------|----------------|---------------|-------|-----------| | | | | | | | BIOFUEL | 000 BIOFUEL 4 | 000 BIOFUEL 4 | | BIOFUEL 4 | 1 綠色能源科技集團有限公司 年 報 2018/19 目 錄 | --- | --- | |----------------------------|-------| | | | | | 頁次 | | 公司資料 2 | | | 主席報告 3 | | | 董事及高級管理人員履歷詳情 | 8 | | 管理層討論及分析 11 | | | 董事會報告書 16 | | | 企業管治報告 24 | | | 環境、社會及管治報告 | 35 | | 獨立核數師報告書 42 | | | 綜合全面收益表 49 ...

| --- | --- | --- | --- | --- | --- | --- | |-------------------|--------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | LIMITED | 綠色能源科技集團有限公司 | | | | | | | | | | | | | | | | | 報 | 告 | | | | | 第 二 份 中 | 期 | | | | 8 8 | | | | 2 2 | | 0 0 | | 1 1 | | 目 錄 2 公司資料 3 簡明綜合全面收益表 4 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合財務報表附註 5 6 8 16 20 管理層討論及分析 其他資料 第二份中期報告 2018 | 綠色能源科技集團有限公司 2 公司資料 | --- | --- | |------------------------------------------ ...