股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 本月底法定/註冊股本總額： HKD 1,000,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 澳門勵駿創建有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01680 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | ...

澳门励骏(01680)发布公告，股份于联交所买卖的每手买卖单位亦将由1000股现有股份更改为4000股合 并股份，由2025年8月15日(星期五)上午九时正起生效。 ...

智通财经APP讯，澳门励骏(01680)发布公告，股份于联交所买卖的每手买卖单位亦将由1000股现有股份 更改为4000股合并股份，由2025年8月15日(星期五)上午九时正起生效。 ...

格隆汇7月30日丨澳门励骏(01680.HK)公告，董事会欣然宣布于2025年7月30日(星期三)举行的股东特别 大会上提呈的普通决议案以投票方式获正式通过。由于该通函所载股份合并的所有条件均获达成，董事 会亦欣然宣布股份合并将于2025年8月1日(星期五)生效。股份于联交所买卖的每手买卖单位亦将由1,000 股现有股份更改为4,000股合并股份，由2025年8月15日(星期五)上午九时正起生效。 ...

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。 Macau Legend Development Limited 澳門勵駿創建有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01680） 由於該通函所載股份合併的所有條件均獲達成，董事會亦欣然宣佈股份合併將於二零二五年八月 一日（星期五）生效。 股份於聯交所買賣的每手買賣單位亦將由1,000股現有股份更改為4,000股合併股份，由二零二五 年八月十五日（星期五）上午九時正起生效。 (1)於二零二五年七月三十日舉行的 股東特別大會投票結果； (2)股份合併於二零二五年八月一日生效； 及(3)更改每手買賣單位 董事會欣然宣佈於二零二五年七月三十日（星期三）舉行的股東特別大會上提呈的普通決議案以投 票方式獲正式通過。 兹提述澳門勵駿創建有限公司（「本公司」）日期為二零二五年七月十四日的通函（「該通函」）及日期為二 零二五年七月十四日的股東特別大會（「股東特別大會」）通告。除另有界定者外，本公告所用 ...

[Supplementary Announcement: Explanation on Going Concern for the 2024 Annual Report](index=1&type=section&id=%E8%A1%A5%E5%85%85%E5%85%AC%E5%91%8A%EF%BC%9A%E5%85%B3%E4%BA%8E2024%E5%B9%B4%E6%8A%A5%E6%8C%81%E7%BB%AD%E7%BB%8F%E8%90%A5%E8%83%BD%E5%8A%9B%E7%9A%84%E8%AF%B4%E6%98%8E) This announcement addresses the auditor's disclaimer of opinion on the company's going concern and outlines remedial actions [Background and Purpose](index=1&type=section&id=%E8%83%8C%E6%99%AF%E4%B8%8E%E7%9B%AE%E7%9A%84) This announcement provides additional context on the auditor's disclaimer of opinion regarding the company's going concern - This announcement aims to supplement the 2024 annual report regarding the auditor's issuance of a 'disclaimer of opinion' on the company's going concern[3](index=3&type=chunk) [Audit Committee's Opinion on the Disclaimer](index=1&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83%E5%B0%8D%E6%9C%89%E9%97%9C%E5%85%8D%E8%B2%AC%E8%81%B2%E6%98%8E%E7%9A%84%E6%84%8F%E8%A6%8B) The Audit Committee supports management's use of the going concern basis due to operational stability and improved financial performance - The Audit Committee concurs with management's use of the going concern basis for financial statements, citing normal operations and improved financial performance[4](index=4&type=chunk) Adjusted EBITDA Performance | Metric | FY2024 | YoY Change | | :--- | :--- | :--- | | Adjusted EBITDA | Profit of approx. HK$159.8 million | Increase of approx. 65.1% | - The committee finds adopting a liquidation basis unreasonable, given ongoing remedial actions and constructive bank cooperation[5](index=5&type=chunk) [Action Plan to Address Going Concern Uncertainty](index=2&type=section&id=%E8%A1%8C%E5%8B%95%E8%A8%88%E5%8A%83%E5%8F%8A%E6%8E%AA%E6%96%BD) The company is addressing liquidity challenges through bank loan restructuring and securing financial support from a major shareholder [Overview of Liquidity Issues](index=2&type=section&id=%E6%B5%81%E5%8A%A8%E6%80%A7%E9%97%AE%E9%A2%98%E6%A6%82%E8%BF%B0) The company faced significant liquidity pressure at year-end 2024, with cash insufficient to cover short-term debt obligations Liquidity Position as of December 31, 2024 | Item | Amount (HKD) | | :--- | :--- | | Cash and bank balances | Approx. 52.3 million | | Bank borrowings due/repayable within 12 months | 2.0664 billion | | Shareholder loans due/repayable within 12 months | 339.4 million | [Bank Loan Restructuring](index=2&type=section&id=%E9%8A%80%E8%A1%8C%E5%80%9F%E6%AC%BE%E9%87%8D%E7%B5%84) The company successfully restructured two key bank loans, significantly extending repayment timelines and easing short-term debt pressure - An agreement was reached for an outstanding bank loan of **HK$85.5 million**, extending the repayment date to October 2026[7](index=7&type=chunk) - A new amendment was signed for the remaining **~HK$2.0 billion** in bank loans, deferring installments to September 2026 with full repayment by September 2027[7](index=7&type=chunk) [Major Shareholder Support](index=3&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E6%94%AF%E6%8C%81) A major shareholder has provided a written financial support commitment, deferring loan repayment and offering additional funds - A major shareholder, holding **HK$205 million (60.4% of total)** in shareholder loans, has provided a written financial support confirmation[8](index=8&type=chunk) - The shareholder committed to not demanding repayment until the company is financially capable and will provide additional support to ensure going concern until March 31, 2026[8](index=8&type=chunk) [Conclusion and Outlook](index=3&type=section&id=%E7%BB%93%E8%AE%BA%E4%B8%8E%E5%B1%95%E6%9C%9B) Management will engage with the auditor to resolve the disclaimer of opinion based on recent remedial actions and shareholder support - Management will leverage the loan restructuring and shareholder support to engage with the auditor, aiming to resolve the disclaimer of opinion in future reports[8](index=8&type=chunk) - Shareholders and potential investors are advised to exercise caution when dealing in the company's shares[9](index=9&type=chunk)

Financial Restructuring - The company has reached a preliminary consensus with banks on a transitional restructuring arrangement, addressing material uncertainties related to going concern[10] - A substantial shareholder confirmed in writing that no demand for repayment of HK$205 million in shareholder loans, representing 60.4% of total current shareholder loans, will be made until the group is capable of repayment[10] - The company will continue to actively communicate with banks to confirm details regarding the repayment of outstanding loan principal while monitoring liquidity closely[13] - The company is focused on maintaining normal business operations while addressing financial restructuring[13] Shareholder Information - The company’s executive director and a former co-chairman transferred a total of 589,112,776 shares to Elite Success International Limited, representing approximately 9.5% of the issued shares[11] - Elite Success International Limited now holds beneficial interest in 1,601,715,526 shares, representing approximately 25.83% of the issued shares[14] Revenue and Financial Performance - For the year ended 31 December 2024, the Group achieved total reported revenue from continuing operations of approximately HK$771.5 million, representing an increase of approximately HK$31.8 million or approximately 4.3% over the previous year[44] - The Group recorded total gaming revenue from continuing operations of approximately HK$393.1 million, an increase of approximately HK$57.4 million or approximately 17.1% compared to the previous year[45] - The total amount wagered on mass market tables increased by 12.9% to HK$4,353.5 million in 2024 from HK$3,855.3 million in 2023[48] - The net win from mass market tables rose by 17.6% to HK$714.8 million in 2024, up from HK$607.7 million in 2023[48] - The average net win per table per day increased by 15.7% to HK$59,000 in 2024 from HK$51,000 in 2023[48] - For the year ended 31 December 2024, the Group recorded total non-gaming revenue from continuing operations of approximately HK$378.3 million, representing a decrease of approximately HK$25.7 million or approximately 6.4% compared to the previous year[52] - Income from hotel rooms decreased from HK$218.6 million in 2023 to HK$197.5 million in 2024, a decline of approximately 9.7%[54] - Adjusted EBITDA for continuing operations increased to approximately HK$159.8 million in 2024 from approximately HK$96.8 million in 2023, an increase of approximately 65.1%[56] - The Group's loss for the year ended 31 December 2024 increased significantly to approximately HK$622.6 million, compared to a loss of approximately HK$4.9 million in the previous year[63] - Total revenue from gaming services increased by approximately HK$24.4 million or 25.7% from HK$94.9 million in 2023 to HK$119.2 million in 2024[69] Visitor Statistics - Visitor arrivals in Macau increased from 28.2 million in 2023 to 34.9 million in 2024, although a downward trend in visitor spending was noted[34] - The total number of visitors to Macau increased by 23.8% from 28.2 million in 2023 to 34.9 million in 2024[69] Operational Developments - The Group plans to optimize facilities at Macau Fisherman's Wharf, including the re-activation of the Roman Amphitheatre and the renovation of "The French Terrace" for various events[36] - The Group aims to explore new event types such as mini concerts and sports competitions to enhance its offerings and contribute to Macau's development as a "City of Performing Arts" and a "City of Sports"[36] - The Group will implement new sustainability measures, including switching to eco-friendly materials and reducing plastic use in the coming year[36] Employee Information - As of December 31, 2024, the Group had a total of 1,149 employees, a significant decrease from 2,273 employees in 2023, primarily due to the disposal of operations in Lao PDR[98] - The Group recognizes the importance of maintaining a stable staff force, with remuneration based on qualifications, performance, and market trends[99] - The Group offers various benefits to eligible employees, including retirement benefits, subsidized medical care, and sponsorship for education and training[99] Corporate Governance - The company is actively involved in corporate governance, ensuring compliance with listing rules and regulations[146] - The Company has complied with the Corporate Governance Code and Listing Rules requirements for the year ended 31 December 2024, except for code provision C.2.1 which states that the roles of chairman and chief executive should be separate[150] - The Board is composed of executive directors, non-executive directors, and independent non-executive directors, ensuring a balance of skills and experience appropriate for the Group's business needs[163] - The Company has established a Nomination Committee to identify suitable candidates for directorships, including independent non-executive directors, and assesses their independence annually[165] - The Company emphasizes the importance of good corporate governance practices for maintaining investor confidence and sustainable growth[149] Audit and Compliance - The Audit Committee conducted significant work during the year ended December 31, 2024, including discussions with external auditors regarding audit and financial reporting issues[200] - The Audit Committee comprises four members, including three independent non-executive Directors and one non-executive Director, ensuring compliance with the Listing Rules[197] - The main duties of the Audit Committee include reviewing financial information and reports, considering significant items raised by financial officers or external auditors, and reviewing the Company's financial reporting system[198] - The Company has no disagreements with the Audit Committee regarding the appointment of Ernst & Young as the external auditor for the year ended December 31, 2024[200]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 771,465,000, an increase of 4.4% from HKD 739,656,000 in 2023[4] - The cost of sales and services decreased to HKD 675,780,000 from HKD 697,256,000, resulting in a gross profit of HKD 95,685,000, compared to HKD 42,400,000 in the previous year[4] - The company reported a total comprehensive loss of HKD 667,238,000 for the year, compared to a loss of HKD 2,983,000 in 2023[5] - The company reported a significant loss of approximately HKD 622.6 million for the year, compared to a loss of about HKD 4.9 million in the previous year, mainly due to impairment losses on non-financial assets[50] - The group incurred a total depreciation expense of HKD 260,075,000 for property and equipment in the fiscal year 2024[31] - Adjusted EBITDA for continuing operations was approximately HKD 159.8 million, up from HKD 96.8 million in the previous year, primarily due to revenue increases and cost control measures[49] Losses and Liabilities - The loss from continuing operations before tax increased to HKD 741,102,000, up 57.4% from HKD 470,978,000 in 2023[5] - The net loss for the year from continuing operations was HKD 697,662,000, compared to a loss of HKD 49,882,000 in the previous year[5] - The company has a net current liability of approximately HKD 2,512,960,000 as of December 31, 2024[9] - Current liabilities increased significantly to HKD 2,672,646,000 from HKD 1,010,020,000, largely due to bank borrowings[6] - The company has a net current liability of HKD 2,513,000,000 and total bank borrowings of HKD 2,405,800,000 due within 12 months[41] Asset Management - Total non-current assets decreased to HKD 5,721,522,000 from HKD 6,652,164,000, primarily due to a reduction in property and equipment[6] - The company's net asset value decreased to HKD 3,037,991,000 from HKD 3,705,229,000, reflecting a decline in reserves[7] - As of December 31, 2024, the company's net asset value attributable to owners decreased to approximately HKD 3,038,000,000, down by about HKD 667,200,000 from HKD 3,705,200,000 as of December 31, 2023, primarily due to a loss of approximately HKD 622,600,000 during the year[54] Revenue Breakdown - Total revenue from gaming-related operations for 2024 was HKD 771,465,000, an increase from HKD 739,656,000 in 2023[19] - Non-gaming total revenue decreased to HKD 378,326,000 in 2024 from HKD 403,993,000 in 2023[19] - Hotel room revenue for 2024 was HKD 197,467,000, down from HKD 218,570,000 in 2023[19] - For the fiscal year ending December 31, 2024, the total external revenue was HKD 771,465,000, with the gaming segment contributing HKD 393,139,000 and the non-gaming segment contributing HKD 378,326,000[22] - The total segment loss for the same period was HKD 487,963,000, with the gaming segment reporting a profit of HKD 51,572,000 and the non-gaming segment reporting a loss of HKD 539,535,000[22] Operational Challenges - The company is in discussions with banks regarding compliance with loan covenants due to a breach related to the sale of its business in Laos[10] - The group is actively seeking continued support from banks to avoid immediate repayment demands due to loan covenant breaches[14] - The board believes that achieving sufficient financing and operating cash flow is critical for the group's ability to continue as a going concern for at least the next 12 months[13] - The company’s ability to continue as a going concern is under significant doubt due to various uncertainties, including non-compliance with loan covenants[42] Employee and Operational Metrics - The total employee costs for the fiscal year 2024 amounted to HKD 209,876,000, down from HKD 225,902,000 in 2023[31] - The group had a significant reduction in employee count to 1,149 as of December 31, 2024, down from 2,273 in the previous year, mainly due to the sale of its business in Laos[61] - The average occupancy rate for hotels was 91.8% for the year, with average daily room rates decreasing from HKD 1,043 to HKD 965[48] Shareholder and Governance - The group repaid part of the shareholder loans, reducing the balance by HKD 125,600,000 as of December 31, 2024[12] - The group is seeking continued support from major shareholders to avoid repayment of HKD 339,400,000 in shareholder loans[15] - The board will not declare any final dividend for the year ended December 31, 2024[51] - The company has not declared or proposed any dividends for the year, consistent with the previous year[35] - The company has adhered to the corporate governance code, except for the provision regarding the separation of the roles of Chairman and CEO[63][64] Impairment and Financial Adjustments - The group recognized an impairment loss of HKD 376,239,000 on non-financial assets, with HKD 330,354,000 attributed to assets in Macau and HKD 45,885,000 related to projects in Cape Verde[29] - The group’s total impairment loss on deposits paid was HKD 15,098,000 for the gaming segment and HKD 12,360,000 for the non-gaming segment[23] Miscellaneous - The company has not recognized any impact from the revised Hong Kong Financial Reporting Standards on its financial position or performance[17] - The company did not purchase, sell, or redeem any shares during the year ended December 31, 2024[59] - There were no significant events after the reporting period that would require adjustments to the financial statements or significantly impact the understanding of the group's current situation[62] - The financial statements for the year ended December 31, 2024, were reviewed by the audit committee, which consists of independent non-executive directors[65] - The figures in the preliminary announcement for the year ended December 31, 2024, were verified against the draft financial statements by Ernst & Young, the company's auditors[66] - The company operates under the name 澳門漁人碼頭集團, which includes its subsidiaries[68] - The revenue per available room (RevPAR) metric is a key performance indicator for the company, reflecting its operational efficiency[68]

Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 390,401,000, an increase of 16.5% compared to HKD 335,002,000 for the same period in 2023[1] - Revenue from gaming-related operations for the six months ended June 30, 2024, was HKD 390,401,000, compared to HKD 335,002,000 for the same period in 2023, representing an increase of approximately 16.5%[11] - For the six months ended June 30, 2024, the total revenue from the gaming segment was HKD 208,511,000, while the non-gaming segment generated HKD 199,612,000, resulting in a total segment revenue of HKD 408,123,000[13] - Total reported revenue for the six months ended June 30, 2024, was approximately HKD 390.4 million, an increase of about HKD 55.4 million or 16.5% compared to HKD 335 million in the same period last year[31] - The group reported a significant increase in revenue, with a year-over-year growth of 25% in Q2 2024[55] Profit and Loss - The cost of sales and services was HKD 342,389,000, resulting in a gross profit of HKD 48,012,000, compared to a gross loss of HKD 1,404,000 in the previous year[1] - The net loss for the period was HKD 109,925,000, a decrease from a loss of HKD 182,498,000 in the same period last year[2] - The company reported a basic loss per share of HKD 1.77 for the period, compared to HKD 2.94 in the previous year[2] - The group reported a segment loss of HKD 68,969,000 for the six months ended June 30, 2024, with the gaming segment contributing a profit of HKD 39,973,000 and the non-gaming segment incurring a loss of HKD 108,942,000[13] - The group recorded a pre-tax loss from continuing operations of HKD 187,818,000 for the six months ended June 30, 2024, compared to a loss of HKD 215,885,000 for the same period in 2023, indicating an improvement of about 13%[14][18] Financial Position - The total non-current assets decreased to HKD 6,259,620,000 from HKD 6,652,164,000 as of December 31, 2023[3] - Current liabilities increased significantly to HKD 2,673,894,000 from HKD 1,010,020,000, primarily due to reclassification of bank borrowings[4] - The net current liabilities amounted to HKD 2,497,300,000, indicating a significant liquidity challenge for the company[6] - The total assets less current liabilities stood at HKD 3,762,320,000, down from HKD 5,852,596,000[4] - The company currently lacks sufficient financial resources to meet the repayment obligation of HKD 135,000,000 due in September 2024, raising significant doubts about its ability to continue as a going concern[8] Cash Flow and Liquidity - The company’s cash and cash equivalents were HKD 65,141,000, which raises concerns about its ability to meet upcoming financial obligations[6] - The total amount of bank and other borrowings due within one year is HKD 339,400,000, which includes HKD 50,000,000 from the company's controlling shareholder and HKD 289,400,000 from other major shareholders[7] - The company is actively seeking continued support from banks and shareholders to avoid repayment of the total HKD 339,400,000 in shareholder loans[8] - The company has not received any immediate repayment demands from banks due to covenant breaches, but the situation remains uncertain[8] - The company is facing significant uncertainties regarding its ability to continue as a going concern due to various factors, including non-compliance with loan covenants[29] Operational Performance - The company has implemented cost control measures to reduce unnecessary cash outflows in response to the current business environment[8] - The average occupancy rate for the hotel was 90.8% for the six months ended June 30, 2024, compared to 90.2% in the same period last year[34] - The average daily room rate decreased to HKD 951 from HKD 1,044 in the same period last year[34] - The total number of visitors to Macau increased by 42.7%, from 11.7 million in the first half of 2023 to 16.7 million in the first half of 2024[39] - The company expects to continue optimizing resources and enhancing facilities in Macau to better capture opportunities and address challenges in the second half of 2024[39] Strategic Initiatives - The company is considering asset sales outside of Macau to improve operational cash flow[8] - The group decided to terminate its operations in Laos by selling MLD Resorts Laos Limited to focus resources on its operations in Macau[20] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[55] - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration[55] - Research and development investments have increased by 30%, focusing on innovative technologies[55] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the provision C.2.1, which states that the roles of chairman and CEO should be separate[48][49] - The independent audit committee reviewed the unaudited interim condensed consolidated financial information for the six months ended June 30, 2024, ensuring compliance with relevant accounting standards[52] - There were no significant events after the reporting period that would require adjustments to the financial statements or significantly impact the understanding of the group's current situation[51]

Business Operations - The Group operates the Macau Fisherman's Wharf, a waterfront integrated gaming, hotel, convention, and entertainment complex, aligning with the Macau government's policy on leisure and tourism [16]. - The Group provides gaming services to SJM for the operation of Legend Palace Casino [17]. - The Group operates a casino within the Savan Legend Resorts Hotel and Entertainment Complex in Laos [17]. - The Group's business includes the operation of hotels, entertainment, and leisure facilities within its properties [17]. - The Group is one of the leading owners of entertainment and casino gaming facilities in Macau [16]. - The Group's operations contribute to the diversification of the local economy in Macau [16]. - The Group's headquarters is located in Macau, with significant operations in the region [15]. - The Group's strategic focus includes enhancing its gaming and entertainment offerings to attract more visitors [16]. - The Group aims to expand its market presence through potential new developments and partnerships in the region [16]. Financial Performance - In 2023, total reported revenue was approximately HK$901.6 million, an increase of about HK$190.0 million or approximately 26.7% compared to HK$711.6 million in 2022 [28]. - The total gross gaming revenue in Macau surged from HK$41 billion in 2022 to approximately HK$177.7 billion in 2023 [25]. - Adjusted EBITDA for the year was a profit of approximately HK$185.9 million, significantly improved from a loss of approximately HK$218.8 million in the previous year [25]. - The number of recorded visits to Macau increased from about 5.7 million in 2022 to approximately 28.2 million in 2023 [25]. - The Group's revenue from gaming services included service income from SJM for mass market tables and casino operations in Laos [29]. - The net win from mass market tables was HK$607.7 million, a 269.7% increase from HK$164.4 million in the previous year [30]. - The average number of gaming tables in operation at year-end was 33, with a net win per table of HK$51, a 218.8% increase from HK$16 [30]. - For the year ended 31 December 2023, the Group's gaming revenue decreased by approximately HK$26.0 million or 5.0% compared to the previous year [46]. - The total gaming revenue decline was primarily due to the termination of contracts with New Legend and the cessation of operations at Babylon Casino, resulting in a loss of approximately HK$356.2 million in total gaming revenue [46]. - Improvements in the mass market tables operation at Legend Palace Casino and overall gaming operations at Savan Legend Casino helped recover approximately HK$331.3 million in total gaming revenue [46]. - As of 31 December 2023, the Group operated 33 gaming tables in Macau, a significant increase from zero tables as of 31 December 2022 [47]. - The Group recorded a total non-gaming revenue of approximately HK$408.5 million for the year ended 31 December 2023, representing an increase of approximately HK$216.0 million or 112.2% from HK$192.5 million in the previous year [48]. - The company reported a loss attributable to owners of HK$13,171,000 for 2023, a significant recovery from a loss of HK$758,053,000 in 2022 [61]. Non-Gaming Operations - Hotel room income increased to HK$218,570,000 in 2023 from HK$49,677,000 in 2022, marking a substantial rise driven by increased tourist visitation [51]. - The occupancy rate for Legend Palace Hotel reached 89.7% in 2023, up from 60.2% in 2022, while the average daily rate (ADR) increased to HK$1,043 from HK$580 [58]. - Non-gaming revenue growth was primarily attributed to the relaxation of travel restrictions in January 2023, leading to higher occupancy rates and average room rates [52]. - The income from food and beverage operations rose to HK$107,385,000 in 2023, compared to HK$67,043,000 in 2022, indicating a growth of approximately 60% [51]. - Licensing income from investment properties increased to HK$38,866,000 in 2023 from HK$32,157,000 in 2022, reflecting a growth of about 20.5% [51]. - The company’s total revenue for 2023 was HK$408,512,000, compared to HK$192,486,000 in 2022, representing an increase of approximately 112.3% [51]. Environmental and Sustainability Initiatives - The company generated 26,445.11 tons of CO2 equivalent greenhouse gases during the reporting period, with electricity consumption being the largest source of carbon emissions [95]. - The company has converted approximately 99% of non-LED lights to LED and optimized lighting schedules to ensure only necessary lights are on [101]. - The company has stopped operating boilers and replaced them with heat pumps for generating hot water for guest rooms, casinos, and restaurants [101]. - The company is investing in energy efficiency to lower its carbon footprint and achieve environmental protection [97]. - The company acknowledges the increasing importance of identifying and mitigating ESG risks, integrating ESG factors into existing risk management and control [110]. - The company aims to reduce carbon emission intensity (Scope 1 and Scope 2, per million HK$ revenue) by 15% by the target year 2025 [113]. - Water consumption intensity (per million HK$ revenue) is targeted to decrease by 10% by 2025 [113]. - Energy consumption intensity (per million HK$ revenue) is set to be reduced by 15% by 2025 [113]. - The Group has implemented energy-saving devices that can save 25% of energy consumption by replacing high energy consumption AC motors with energy-efficient DC motors [125]. - The Group has developed a centralized waste treatment and recycling center to enhance waste management practices [135]. - The Group encourages guests to participate in sustainability efforts, such as minimizing the replacement of bed linens and towels [163]. - The Group strategically placed recycling bins during the Mid-Autumn Festival to support sustainable waste management initiatives [167]. Corporate Governance - The company has received written annual confirmation from each independent non-executive Director of their independence, considering all independent non-executive Directors to be independent according to the Listing Rules [106]. - The Board has established a Nomination Committee to identify suitable candidates for Directors, including independent non-executive Directors, and will assess their independence annually [106]. - On January 1, 2023, Mr. Li Chu Kwan was appointed as the Chief Executive Officer, also serving as Chairman, which deviates from the corporate governance code but is deemed appropriate by the Board [108]. - The Board believes that the current structure of having the same individual as both Chairman and CEO provides strong and consistent leadership for the Group [108]. - The independent non-executive Directors contribute to the effective direction of the Company and provide adequate checks and balances to safeguard the interests of the Group and shareholders [106]. - The independent non-executive Directors are appointed for terms of two or three years, renewable automatically unless terminated with prior notice [108]. - The Group's overall management and control are vested in the Board, which is responsible for enhancing shareholder value through strategic policy approval [190]. - The Company has complied with the Corporate Governance Code and Listing Rules requirements for the year ended December 31, 2023, except for the separation of the roles of chairman and chief executive [190]. Management and Leadership - The Group's human resources management and strategy are overseen by experienced professionals in various industries, including gaming and hospitality [185]. - The senior management is delegated authority by the Board for day-to-day operations, with periodic reviews of delegated functions [190]. - The Group collaborates with 1,796 suppliers from various regions and countries during the reporting period [197]. - The Group sets standards for consumables and other supplies to prevent over-purchasing and excess storage, reviewed and adjusted every two years based on actual consumption [194]. - The Group considers ESG factors when selecting suppliers, making their ESG performance a significant part of the evaluation criteria during the bidding process [196].