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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對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的任何損失承擔任何責任。 WISDOM SPORTS GROUP 智美體育集團 （於開曼群島註冊成立的有限公司） （股份代號：1661） 截至2022年12月31日止年度之全年業績公告 合併業績 智美體育集團（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公司（統稱 「本集團」）截至2022年12月31日止年度（「報告期間」）經審核合併業績如下： ...

WISDOM SPORTS GROUP 2022 WISDOM SPORTS GROUP 智美體育集團 股份代號：1661 （於開曼群島註冊成立的有限公司） 中期報告 l w t 目錄 公司資料2 管理層討論與分析3 披露權益資料 11 重要事項 14 企業管治及其他資料 18 簡明合併損益及其他綜合收益表 19 簡明合併財務狀況表 21 簡明合併權益變動表 23 簡明合併現金流量表 24 中期財務資料附註 26 公司資料 | --- | --- | |-------------------------------------------|---------------------------------------------------------------------------| | | | | 執行董事 | 公司總部及中國的主要營業地點 | | 任文女士（亦稱任國尊女士） （主席） | 中國北京市朝陽區 | | 盛杰先生 （副主席） 宋鴻飛先生 （總裁） | 新源里 16 號 1 座 7 樓 | | 郝彬女士 | 香港的主要營業地點 | | 獨立非執行董事 | 香港 九龍 | | 陳志堅先生 葉國 ...

2021 8*4%0. 410354(3061 ᮧ㒻倁㗟䯳 㗎ЪА㮌喟 喍䪸ᰩ㓑ሣ㽨ڷ⮱⿸ᰶ䭽ڙथ喎 ᎡᏓ൞ॷ t 0 5 % e 目錄 公司資料2 主席報告3 管理層討論與分析5 企業管治報告 13 環境、社會及管治報告 29 董事會報告 57 董事、高級管理層及僱員 79 獨立核數師報告 82 合併損益及其他綜合收益表 86 合併財務狀況表 88 合併權益變動表 90 合併現金流量表 91 合併財務報表附註 95 五年財務概要 170 的快乐 公司資料 | --- | --- | |-----------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | | | | 執行董事 | 公司總部及中國的主要營業地點 | | 任文女士（亦稱任國尊女士） （主席） 盛杰先生 （副主席） 宋鴻飛先生 （總裁） | ...

Event Operations and Marketing - The group successfully obtained the operation rights for the Tumushuke Marathon in May 2021, marking a significant achievement amidst ongoing pandemic challenges [11]. - The group plans to operate multiple large-scale marathons in the second half of 2021, including events in Nanchang, Shenzhen, Jinan, and Liu'an, maintaining its leading position in the domestic marathon operation sector [16]. - The group is actively communicating with local governments to explore new event opportunities and diversify its service offerings in response to the ongoing pandemic [12]. - The group emphasizes the importance of safety measures and health protocols in organizing events to ensure a safe experience for participants amid the pandemic [17]. - The group has strengthened its event safety measures in response to a tragic incident during a trail running event in Gansu Province in May 2021, highlighting the need for improved safety protocols [11]. - The group remains committed to enhancing its event execution capabilities to ensure high-quality and safe events for sports enthusiasts [15]. - The group aims to provide a variety of products and services to meet the growing demand for sports and health among consumers as the sports industry continues to develop [12]. Financial Performance - The group's revenue increased by approximately 20.0% from RMB 1.0 million for the six months ended June 30, 2020, to RMB 1.2 million for the six months ended June 30, 2021 [22]. - Revenue from the event operation and marketing segment rose from RMB 0 to RMB 0.8 million, attributed to corporate sponsorship income from online marathons held in the first half of 2021 [22]. - Revenue from the sports services segment decreased by approximately 60.0% from RMB 1.0 million to RMB 0.4 million, primarily due to the sale of a subsidiary in the second half of 2020 [22]. - The group's service costs decreased by approximately 77.4% from RMB 5.3 million to RMB 1.2 million, mainly due to the same subsidiary sale [24]. - The group recorded a gross profit of RMB 0 for the six months ended June 30, 2021, compared to a gross loss of approximately RMB 4.3 million for the same period in 2020, resulting in a gross profit margin of 0.0% [25]. - Other income increased by approximately 20.9% from RMB 6.7 million to RMB 8.1 million, mainly due to increased dividend income from a financial asset measured at fair value [28]. - The group's pre-tax loss decreased by approximately 10.0% from RMB 26.9 million to RMB 24.2 million for the six months ended June 30, 2021 [32]. - The total comprehensive income for the period was RMB (5,576) thousand, compared to RMB (15,455) thousand in the same period of 2020, showing an improvement of 63.9% [108]. - The total loss for the period was RMB 21,343,000, reflecting a slight improvement from the previous year's loss of RMB 22,984,000 [188]. Assets and Liabilities - Cash and cash equivalents were approximately RMB 136.8 million as of June 30, 2021, compared to RMB 137.7 million as of December 31, 2020 [35]. - The group's net current assets decreased by approximately 7.2% from RMB 319.8 million as of December 31, 2020, to RMB 296.8 million as of June 30, 2021 [36]. - Non-current assets totaled RMB 257,389 thousand as of June 30, 2021, an increase of 7.4% from RMB 239,979 thousand at the end of 2020 [112]. - Current assets decreased to RMB 340,807 thousand from RMB 367,922 thousand, reflecting a decline of 7.4% [112]. - The total assets of the company were RMB 598,196 thousand, down from RMB 607,901 thousand, indicating a decrease of 1.2% [112]. - Current liabilities totaled RMB 43,959 thousand, down from RMB 48,088 thousand, reflecting a decrease of 8.5% [115]. Investments and Acquisitions - The group completed the acquisition of a 49% stake in YTO Global Financial Group for HKD 53.41 million on March 26, 2021 [44][46]. - The group invested RMB 40.0 million in the Chang'an Trust Plan on April 7, 2020, and subsequently reinvested RMB 50.0 million on April 12, 2021 [47][49]. - The company invested RMB 50 million in a private equity fund managed by Ningbo Guanshi Investment Management Co., Ltd. on July 5, 2021 [93]. - On September 1, 2021, the company further invested RMB 12.5 million in another private equity fund managed by Ningbo Guanshi, indicating ongoing investment strategies [96]. Shareholder and Corporate Structure - As of June 30, 2021, the company’s major shareholder, Ren Wen, holds 602,780,000 shares, representing 37.84% of the total shares [60]. - The company has established a series of structural contracts to control Beijing Zhimei Media, as foreign investment in certain business activities is restricted under Chinese law [57]. - The company’s structural contracts transfer all economic benefits and risks from Beijing Zhimei Media to the group [57]. - The company’s major shareholders include Queen Media, which holds 602,780,000 shares, also representing 37.84% [71]. Cash Flow and Financial Management - The net cash used in operating activities was RMB (8,073) thousand, a significant improvement from RMB (30,425) thousand in the same period of 2020, representing a reduction of approximately 73% [121]. - The net cash generated from investing activities was RMB 8,118 thousand, compared to a net cash used of RMB (114,184) thousand in the prior year, indicating a turnaround in investment cash flow [121]. - The company maintains a prudent financial management policy to ensure strong liquidity for daily operations and future development [39]. - The company has not faced any significant operational or liquidity issues due to exchange rate fluctuations as of June 30, 2021 [40]. Legal and Compliance - The company is involved in ongoing legal proceedings with claims totaling approximately RMB 38 million against a subsidiary, reflecting potential financial risks [97]. - The company has received exemptions from the Stock Exchange regarding strict compliance with certain listing rules related to the structural contracts [57]. Stock Options and Dividends - The company did not declare or pay any dividends for the six months ended June 30, 2021 [89]. - As of June 30, 2021, there were no shares issued or repurchased under the stock option plan during the six months [80]. - The maximum number of shares that can be issued under the stock option plan is 160,000,000, which represents 10.04% of the total issued shares as of the mid-term report date [75].

智美體育集團 （Incorporated in the Cayman Islands with limited liability） ANNUAL REPORT 2020 WISDOM SPORTS GROUP Stock Code:1661 2020 WISDOM SPORTS GROUP 智美體育集團 股份代號：1661 （於開曼群島註冊成立的有限公司） 年度報告 l w t 目錄 公司資料2 主席報告3 管理層討論與分析5 企業管治報告 14 環境、社會及管治報告 30 董事會報告 47 董事、高級管理層及僱員 69 獨立核數師報告 72 合併損益及其他綜合收益表 77 合併財務狀況表 79 合併權益變動表 81 合併現金流量表 82 合併財務報表附註 86 五年財務概要 166 the was the see and the see and the see and the see and the see and the see and the see and the see and the see and the 公司資料 | --- | --- | |------------------------ ...

2020 8*4%0. 410354(3061 ᮧ㒻倁㗟䯳 㗎ЪА㮌喟 喍䪸ᰩ㓑ሣ㽨ڷ⮱⿸ᰶ䭽ڙथ喎 ͚൞ॷ Ma t 公司資料 2 主席報告 3 管理層討論與分析 4 披露權益資料 15 重要事項 18 企業管治及其他資料 23 簡明合併損益及其他綜合收益表 25 簡明合併財務狀況表 27 簡明合併權益變動表 29 簡明合併現金流量表 30 中期財務資料附註 31 公司資料 | --- | --- | |-----------------------------------------------------------------------------|-----------------------------------------| | | | | 執行董事 | 公司總部及中國的主要營業地點 | | 任文女士（亦稱任國尊女士） （主席） 盛杰先生 （副主席） 宋鴻飛先生 （總裁） | 中國北京市朝陽區 新源里 16 號 1 座 7 樓 | | 郝彬女士 | 香港的主要營業地點 | | 獨立非執行董事 | 香港 | | 陳志堅先生 葉國安先生 | 皇后大道東 183 號 合和中心 54 樓 | | 金 ...

Financial Performance - The group's revenue decreased by approximately 65.1% from RMB 455.4 million in 2018 to RMB 159.0 million in 2019[34]. - Revenue from event operations and marketing fell by about 58.6% to RMB 74.2 million, primarily due to the loss of exclusive operation rights for the "Run China" marathon series[34]. - Sports services revenue decreased by approximately 55.8% to RMB 84.8 million, mainly due to a reduction in marathon events[34]. - The company recorded a gross loss of RMB 27.7 million for the year ended December 31, 2019, compared to a gross profit of RMB 125.8 million for the year ended December 31, 2018, representing a decrease of approximately 122.0%[37]. - The gross loss margin for the year ended December 31, 2019, was approximately 17.4%, down from a gross profit margin of 27.6% for the year ended December 31, 2018[37]. - The sports service segment reported a gross profit of RMB 21.2 million for the year ended December 31, 2019, down approximately 79.4% from RMB 102.8 million for the year ended December 31, 2018, with a gross profit margin of 25.0%[37]. - The company reported a loss attributable to owners of the company of RMB 455.1 million for the year ended December 31, 2019, compared to a profit of RMB 46.4 million for the year ended December 31, 2018[46]. - Cash and cash equivalents decreased to approximately RMB 167.3 million as of December 31, 2019, from RMB 417.4 million as of December 31, 2018[47]. - Net cash used in operating activities was RMB 56.0 million for the year ended December 31, 2019, compared to net cash generated of RMB 97.0 million for the year ended December 31, 2018[50]. - The company's current assets decreased by approximately 60.6% to RMB 312.1 million as of December 31, 2019, from RMB 791.9 million as of December 31, 2018[53]. Strategic Focus and Development - The company is focusing on three core strategies: "high frequency," "intelligent," and "lifestyle," to develop a large consumer platform in the sports health sector[17]. - The company is actively seeking new development paths and channels, including building domestic and international financial investment platforms[17]. - The company anticipates a surge in demand for sports health products and services post-pandemic, preparing to leverage its "real economy + finance" model[17]. - The restructuring of the internal management framework aims to optimize personnel and event costs to recover from the performance downturn[21]. - The company has accumulated experience from operating over 200 marathon events, which it plans to utilize in expanding its service offerings[21]. - The company is exploring investments in cross-sector areas of the sports industry to establish a foundation for consumer product development[21]. - The group plans to enhance its product and service offerings in the health and sports consumption market post-pandemic, focusing on personalized products[30]. - The group aims to leverage big data technology to provide customized insurance products for sports enthusiasts[30]. - The company is actively promoting large-scale marathons and other sports events, with a focus on developing products and services in the sports health consumer market[160]. - The company has completed preliminary strategic planning for the sports health consumer market, marking an evolution towards a diversified development model[160]. Competition and Market Challenges - The company faced a challenging year in 2019 due to a slowdown in China's economic growth and increased competition in the marathon industry, leading to a decline in overall industry profit margins[21]. - The company faces increased competition in the marathon event sector, with a notable rise in the number of operators, impacting market share[126]. - The overall marketing market for marathons has become more transparent, leading to a decrease in industry gross margins and profit margins[128]. - The company is enhancing event quality and optimizing service offerings to mitigate customer attrition risks[128]. - There is a risk of losing professional management talent due to intense market competition, prompting the company to focus on talent retention strategies[128]. Governance and Management - The board held four meetings throughout the year ending December 31, 2019[74]. - The board consists of at least three independent non-executive directors, representing no less than one-third of the board, with one possessing appropriate professional qualifications or financial management expertise[80]. - All directors, including independent non-executive directors, bring valuable business experience and expertise to ensure efficient and effective board operations[84]. - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, each with clear written terms of reference[95]. - The audit committee held three meetings during the year to review the annual financial performance and reports for the year ended December 31, 2018, and the interim financial performance for the six months ended June 30, 2019[98]. - The audit committee is responsible for independent reviews of the group's financial reporting processes, internal controls, and risk management systems[98]. - The company has appropriate insurance coverage for directors and senior management against legal actions arising from corporate activities, reviewed annually[89]. - The company has established a formal and transparent process for determining compensation policies to avoid conflicts of interest[101]. - The company has established a risk management framework to identify and monitor significant risks, ensuring they remain within acceptable levels[122]. - The company is committed to complying with external regulatory requirements and internal policies to ensure effective risk management[122]. Environmental and Social Responsibility - The company reported sulfur oxides (SOx) emissions of 0.82 kg in 2019, an increase from 0.12 kg in 2018[165]. - Nitrogen oxides (NOx) emissions were recorded at 2.34 kg in 2019, down from 3.25 kg in 2018[165]. - GHG emissions totaled 189.50 tons of CO2 equivalent in 2019, a decrease of approximately 9.3% from 208.94 tons in 2018[169]. - Scope 1 direct emissions increased by about 38% due to increased vehicle usage, while purchased electricity emissions decreased by 66% due to office relocation[169]. - The intensity of GHG emissions per employee rose significantly to 2.756 tons of CO2 equivalent, up from 1.12 tons in 2018, due to a reduction in total employees from 187 to 69[173]. - Total energy consumption decreased by approximately 23% to 143,493 kWh in 2019 from 185,923 kWh in 2018, with a notable 64% reduction in purchased electricity[186]. - The company aims to reduce emissions by encouraging public transport use and limiting business travel through enhanced management policies[179]. - The total amount of paper waste increased by approximately 84% to 0.577 tons due to higher paper usage in offices[177]. - The company has implemented an office automation system to promote paperless operations and reduce waste generation[182]. - The company collaborates with government departments to select suitable marathon routes to minimize environmental impact[200].

Financial Performance - The group's revenue decreased approximately 70.7% from RMB 148.7 million in the first half of 2018 to RMB 43.5 million in the first half of 2019[34]. - Revenue from the event operation and marketing segment fell about 86.7% from RMB 62.5 million to RMB 8.3 million, primarily due to a reduction in marathon events[34]. - The sports service segment's revenue decreased approximately 39.0% from RMB 57.7 million to RMB 35.2 million, also due to fewer marathon events[34]. - The group reported a loss before tax of RMB 319.7 million for the six months ended June 30, 2019, compared to a profit before tax of RMB 90.5 million for the same period in 2018, representing a change of approximately 453.3%[45]. - The group recorded a gross loss of RMB 27.1 million for the six months ended June 30, 2019, compared to a gross profit of RMB 56.6 million for the same period in 2018, representing a change of approximately 147.9%[37]. - The total comprehensive loss for the period was RMB 284,097 thousand, compared to a comprehensive income of RMB 36,129 thousand in the same period last year[107]. - Basic and diluted loss per share was RMB 0.17, compared to earnings of RMB 0.03 per share in the previous year[107]. - The company reported a significant increase in impairment provisions for accounts receivable, amounting to RMB (4,218) thousand for the six months ended June 30, 2019, compared to RMB (144) thousand in the same period of 2018[177]. - The company reported a net loss attributable to shareholders of RMB (270,703,000) for the six months ended June 30, 2019, compared to a profit of RMB 46,061,000 in 2018[200]. Strategic Focus - The company is focusing on three core strategies: "high frequency," "intelligent," and "lifestyle," to build a large consumption platform in the sports health sector[14]. - The company aims to leverage its accumulated sports health data to upgrade from event operations to a broader sports health consumption model[21]. - The company is committed to investing in cross-sector areas of the sports industry chain to create a market for incremental sports consumption[21]. - The strategic upgrade is expected to enhance the company's ability to provide richer and more professional sports services to the public[21]. - The company emphasizes the importance of adapting to market demands and industry trends to ensure sustainable growth[14]. - The company is determined to continue its strategic upgrades to navigate through the current economic challenges and seize new opportunities[14]. Operational Challenges - In the first half of 2019, the company faced significant challenges due to a slowdown in the Chinese economy and increased competition in the marathon market, leading to a decline in traditional road running business[14]. - The company plans to optimize its internal management structure and conduct comprehensive personnel optimization and cost control to address short-term operational challenges[21]. - The service cost decreased approximately 23.3% from RMB 92.1 million to RMB 70.6 million, with specific increases in event operation costs due to quality upgrades[35]. - The company has experienced a strategic transformation since its listing on the Hong Kong Stock Exchange in 2013, becoming a leader in the Chinese sports industry[14]. Cash Flow and Assets - Cash and cash equivalents as of June 30, 2019, were approximately RMB 308.2 million, down from RMB 417.4 million as of December 31, 2018[48]. - The net current assets decreased by approximately 19.9% from RMB 791.9 million as of December 31, 2018, to RMB 634.7 million as of June 30, 2019[50]. - Non-current assets decreased to RMB 260,495 thousand as of June 30, 2019, down from RMB 402,574 thousand at the end of 2018[112]. - Current assets totaled RMB 695,879 thousand, a decrease from RMB 904,845 thousand at the end of 2018[112]. - Total assets amounted to RMB 956,374 thousand, down from RMB 1,307,419 thousand at the end of 2018[112]. Shareholding and Corporate Governance - The company has a competitive salary policy, providing commissions and discretionary bonuses based on performance[61]. - The company has complied with the corporate governance code principles as of June 30, 2019, except for the separation of the roles of Chairman and CEO[97]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial information for the six months ended June 30, 2019[99][100]. - The company has no significant related party transactions that are exempt from ongoing disclosure requirements[65]. Financial Reporting Standards - The company has adopted the revised Hong Kong Financial Reporting Standard 16 from January 1, 2019, affecting the financial statements presentation[108]. - The company incurred financial expenses of RMB 29 thousand related to lease liabilities for the six months ended June 30, 2019[178]. - The company reported a total cash and cash equivalents of RMB 308,248,000 as of June 30, 2019, down from RMB 417,355,000 at the beginning of the year[122]. - The company’s total liabilities increased due to the recognition of lease liabilities under the new accounting standard[127].

Event Management and Operations - In 2018, Wisdom Sports Group organized over 30 marathon events, with the "Run China" series featuring 28 events and attracting over 2 million participants, significantly boosting local tourism economies [22]. - The company acquired First Intelligent Sports Technology (Shenzhen) Co., Ltd., enhancing its full industry chain operational system, integrating event operations, sports marketing, live broadcasting, and sports technology [17]. - The "Run China" series achieved over 70 hours of live broadcasting, reaching nearly 400 million people, addressing the growing demand for fitness among the public [22]. - The marathon timing chip developed by First Intelligent has been certified by the Chinese Athletics Association and is now widely used in various events [23]. - The group has established a comprehensive operational model that includes event operations, sports marketing, sports services, live broadcasting, and sports technology [22]. - The "Marathon Event Management Platform" developed by First Intelligent is set to trial in the second half of the year, integrating management across security, medical, volunteer, and supply areas [23]. - In 2018, the group operated 8 gold, 3 silver, and 4 bronze medal city marathon events, enhancing its reputation in the sports event sector [31]. - The group expanded its overseas sports tourism segment, providing services for over 30 international marathon events, serving more than 2,000 runners by year-end [34]. Financial Performance - The group's revenue increased by approximately 22.6% from RMB 371.5 million in 2017 to RMB 455.4 million in 2018 [41]. - The sports service segment's revenue rose by about 68.8% from RMB 113.6 million in 2017 to RMB 191.7 million in 2018, primarily due to an increase in marathon events [41]. - The group's gross profit decreased by approximately 3.7% from RMB 130.6 million in 2017 to RMB 125.8 million in 2018, with a gross margin decline from 35.2% to 27.6% [45]. - Operating expenses for sales and distribution decreased by approximately 44.5% from RMB 24.5 million in 2017 to RMB 13.6 million in 2018 [46]. - General and administrative expenses increased by approximately 11.2% from RMB 51.1 million in 2017 to RMB 56.8 million in 2018, mainly due to acquisitions [47]. - Other income surged by approximately 237.2% from RMB 26.1 million in 2017 to RMB 88.0 million in 2018, primarily from early settlement agreements [48]. - The group's cash and cash equivalents increased from RMB 324.4 million in 2017 to RMB 417.4 million in 2018 [54]. - The group reported a pre-tax profit increase of approximately 76.4% from RMB 67.7 million in 2017 to RMB 119.4 million in 2018 [51]. - Net cash generated from operating activities decreased from RMB 76.9 million in 2017 to RMB 53.0 million in 2018, primarily due to increased tax payments [56]. - Net cash used in investing activities decreased from RMB 190.3 million in 2017 to RMB 137.9 million in 2018, attributed to increased net proceeds from the sale of financial products and higher interest income [59]. - Net cash used in financing activities increased from RMB 85.6 million in 2017 to RMB 98.8 million in 2018, mainly for dividend payments approved at the annual general meeting [60]. Strategic Focus and Innovation - Wisdom Sports Group plans to focus on "thematic innovation, standard innovation, technological innovation, and communication innovation" for comprehensive upgrades in the running industry in 2019 [14]. - The company aims to solidify its industry advantage by expanding superior event resources and innovating products and services that meet user needs [17]. - The company plans to expand its "Sports + Technology" strategy and develop new fitness events to meet diverse consumer demands [38]. - The company aims to strengthen its management systems and optimize resource allocation in sports technology and the internet in 2019, focusing on the "Sports + Technology" strategic development plan [166]. Corporate Governance - The company has complied with corporate governance codes, with a noted exception regarding the separation of the roles of Chairman and CEO [75]. - The board held four meetings during the year ending December 31, 2018 [80]. - The company has appointed at least three independent non-executive directors, constituting over one-third of the board [84]. - The company emphasizes the importance of separating the roles of the chairman and CEO, although the current structure has not been deemed detrimental to governance [82]. - All independent non-executive directors confirmed their independence in accordance with listing rules [84]. - The company provides training for new directors to ensure they understand their responsibilities and the company's operations [94]. - The board collectively oversees the company's business strategies and performance, ensuring decisions are made in the company's best interest [87]. - The company has appropriate insurance coverage for directors and senior management against legal claims arising from corporate activities [93]. - The company has established a whistleblowing arrangement for employees to report potential misconduct related to financial reporting and internal controls [104]. Risk Management - The company faced increased competition risk due to the rise of major brand IP events in the industry [132]. - The company has established a risk management framework to identify and assess major risks annually [132]. - The company is committed to maintaining an effective risk management and internal control system [123]. - The company has implemented a risk response plan to manage significant risks effectively [128]. - The company is focused on continuous monitoring and reporting of risks through various mechanisms [129]. - The company aims to ensure compliance with external regulations and internal policies as part of its risk management objectives [129]. Environmental, Social, and Governance (ESG) Initiatives - The company reported a total greenhouse gas (GHG) emission of 208.94 tCO2e for the reporting period, with 41% from purchased electricity and 49% from paper disposal [172]. - The company disposed of a total of 311.38 kg of waste paper during the reporting period, with approximately 73.85 tons of plastic water bottles and other waste collected from marathon events [176]. - The company emphasizes the importance of stakeholder feedback in its ESG performance and regularly consults with various stakeholders on operational and performance aspects [162]. - The company is committed to improving its ESG management opportunities and developing supportive policies to address future challenges [166]. - The company operates under strict compliance with environmental laws, ensuring no significant environmental threats arise from its operations [170]. - The company has established rules and guidelines for vehicle fuel usage and emissions monitoring during marathon events [171]. - The company aims to promote public fitness through marathon events, contributing to sustainable business development [166]. - The total energy consumption during the reporting period was 185,923.07 kWh, with an energy intensity of 11,620.19 kWh per marathon event [183]. - The company has implemented measures to promote resource efficiency, including the use of energy-saving devices and management regulations for lighting [185]. - The company has adopted new technologies and eco-friendly materials to minimize waste generation during marathon events [179]. - The company has established a paperless office initiative and encourages double-sided printing and recycling among employees [178]. - The company has committed to managing and operating marathon events with a focus on promoting green, healthy, and low-carbon living concepts [192]. Human Resources and Talent Management - The company is experiencing a growing demand for mid-to-senior management talent as its business expands, posing a risk of talent recruitment and retention [132]. - The company has increased its workforce by 131% compared to December 31, 2017, with a total of 187 employees as of December 31, 2018, due to business expansion and new acquisitions [196]. - The group provides competitive salaries and contributes to various social insurances including pension, basic medical, unemployment, work injury, and maternity insurance [198]. - Performance evaluations are conducted fairly, with outstanding employees being promoted, ensuring equal and strategic career development opportunities [199]. - The group adheres to the Labor Law of the People's Republic of China, limiting employee work hours to 8 hours per day or 40 hours per week, with paid leave rights including annual leave [200].