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。 承董事會命 CMON Limited 主席、聯席行政總裁兼執行董事 黃成安 新加坡，二零二五年八月十八日 於本公告日期，執行董事為黃成安先生、建邦先生及許政開先生；非執行董事為蔡 穩健先生及李學瑾女士；而獨立非執行董事為王宇山先生、蔡敏先生及梁毓雄先 生。 （於開曼群島註冊成立的有限公司） CMON LIMITED （股份代號：1792） 董事會會議通告 CMON Limited（「本公司」）董事（「董事」）會（「董事會」）宣佈，董事會會議將於二零 二五年八月二十八日（星期四）於201 Henderson Road, #07/08–01, Apex @ Henderson, Singapore 159545舉行，藉以（其中包括）考慮及批准本公司及其附屬 公司截至二零二五年六月三十日止六個月的中期業績及其發佈，並考慮派發中期股 息（如有）。 ...

CMON(01792)发布公告，(1)许政开先生已提呈辞任执行董事、财务总监及授权代表，自2025年11月14 日起生效;(2)伍秀薇女士已提呈辞任公司秘书、授权代表及法律程序代理人，自2025年8月28日起生效; (3)黄成安先生获委任为授权代表，自2025年11月14日起生效;及(4)黄俊颖先生获委任为公司秘书、授权 代表及法律程序代理人，自2025年8月28日起生效。 ...

執行董事： CMON LIMITED （於開曼群島註冊成立的有限公司） （股份代號：1792） 董事名單與其角色和職能 CMON Limited的董事（「董事」）會（「董事會」）成員載列如下，自二零二五年十一月 十四日起生效： | 董事╱董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 黃成安 | | | | | 建邦 | | | | | 蔡穩健 | | | | | 李學瑾 | | | | | 王宇山 | C | M | M | | 蔡敏 | M | M | C | | 梁毓雄 | M | C | M | 附註： C 相關董事委員會主席 M 相關董事委員會成員 新加坡，二零二五年八月六日 黃成安先生 （主席） 建邦先生 非執行董事： 蔡穩健先生 李學瑾女士 獨立非執行董事： 王宇山先生 蔡敏先生 梁毓雄先生 董事會設有三個委員會。下表載列各董事會成員在該等委員會中所擔任的職位。 ...

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。 （於開曼群島註冊成立的有限公司） CMON LIMITED （股份代號：1792） 執行董事及財務總監辭任 及 公司秘書及法律程序代理人變更 及 授權代表變更 董事會宣佈： (1) 執行董事、財務總監及授權代表辭任 CMON Limited（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）謹此宣佈，由於許政開先生（「許先生」）將需要投入更多時間處理其 自身業務，經審慎考慮後，其已提呈辭任執行董事、本公司財務總監（「財務總 – 1 – (1) 許政開先生已提呈辭任執行董事、財務總監及授權代表，自二零二五年十一 月十四日起生效； (2) 伍秀薇女士已提呈辭任公司秘書、授權代表及法律程序代理人，自二零二五 年八月二十八日起生效； (3) 黃成安先生獲委任為授權代表，自二零二五年十一月十四日起生效；及 (4) 黃俊穎先生獲委任為公司秘書、授權代表及法律程序代理人，自二零二五年 八月二十 ...

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 | 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: | CMON Limited | | | | | | 呈交日期: | 2025年8月6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) | 01792 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 7,600,000,000 | HKD | 0.00005 HKD | | 380,000 | | 增加 / 減少 (-) | 0 | | HKD | | 0 | | 本月底結存 | 7,600,000,000 | ...

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。 （於開曼群島註冊成立的有限公司） CMON LIMITED （股份代號：1792） 情況分析報告結果 茲提述CMON Limited（「本公司」，連同其附屬公司統稱「本集團」）日期為二零二五 年五月二十二日、二零二五年六月二十五日及二零二五年七月十四日的公告，內容 有關內部控制審查專家將提交之情況分析報告結果（「該等公告」）。除另有界定者 外，本公告所用詞彙與該等公告所界定者具有相同涵義。 本公司謹此向股東及本公司潛在投資者更新有關內部控制審查專家的觀察及建議 （已於二零二五年七月二十九日由內部控制審查專家發佈），其概要載列如下： 發行認購股份 (1) 未有遵守內部控制政策 觀察： 根據本公司政策及本公司與聯交所的往來函件，配發認 購股份的決定已授權予許政開先生，而在核實股份認購 資金收訖後，彼應遵循本公司政策，取得聯席行政總裁 的確認。然而，在發行及配發股份前，許政開先生並無 遵守本公司政策，1）未能確 ...

Revenue and Financial Performance - Revenue decreased by approximately 17.1% from about $45.1 million in the fiscal year ending December 31, 2023, to about $37.4 million in the fiscal year ending December 31, 2024[14]. - The company reported a total comprehensive loss of approximately $3.0 million for the fiscal year, down from a profit of about $0.8 million in the previous year[14]. - Total revenue for the year ended December 31, 2024, was approximately $37.35 million, a decrease of about 17.1% from $45.05 million in 2023[20]. - Gross profit decreased by approximately 23.8% to about $18.0 million for the year ended December 31, 2024, compared to approximately $23.6 million in 2023, with a gross margin decline of 4.2 percentage points to 48.2%[23]. - The company shipped crowdfunding projects contributing approximately $20.0 million in revenue for the year ended December 31, 2024, down from $26.3 million in 2023[37]. - Cash and cash equivalents were approximately $2.1 million as of December 31, 2024, compared to $3.2 million in 2023[30]. - The company reported a total comprehensive loss attributable to equity holders of approximately $3.0 million for the year ended December 31, 2024, down from a profit of about $0.8 million in 2023, primarily due to decreased sales[29]. Sales and Market Dynamics - Revenue from wholesale sales decreased by approximately 9.7% from about $18.6 million to $16.8 million[17]. - Crowdfunding revenue dropped from approximately $26.4 million to about $20.0 million, primarily due to lower sales from five crowdfunding projects in 2024 compared to six in 2023[17]. - Board games accounted for 81.1% of total revenue in 2024, down from 85.8% in 2023, with revenue of approximately $30.3 million[18]. - North America and Europe accounted for approximately 76.1% and 84.1% of total revenue for the fiscal years ending December 31, 2024, and 2023, respectively[17]. Operational Strategies and Future Plans - The company plans to focus on fewer but higher-impact projects to align with market demand and its creative strengths[11]. - The company aims to expand its wholesale market in Europe and initiate small game productions to reduce operational logistics costs[15]. - The group has no specific major investment plans as of the report date, but aims to acquire quality games to increase market share, primarily funded through internal resources and external borrowing[41]. Employee and Management Information - The company had 81 employees as of December 31, 2024, down from 87 employees in 2023, with total employee costs remaining around $4.0 million[39]. - The company is dependent on key executives and has implemented measures to retain them, including performance-based compensation and training potential new management members[47]. - The company has a strong leadership team with over 25 years of experience in accounting and finance, including roles in major firms like KPMG and Ernst & Young[62]. Corporate Governance and Compliance - The company emphasizes corporate governance and has established committees for audit, remuneration, and nominations to ensure transparency and accountability[63][65]. - The company has confirmed the independence of its independent non-executive directors as of December 31, 2024, ensuring they provide valuable independent judgment and advice[93]. - The board consists of three executive directors, two non-executive directors, and three independent non-executive directors, ensuring compliance with listing rules[139]. - The company has established appropriate liability insurance for directors, which will be reviewed annually[138]. Financial Health and Risk Management - The group has a robust liquidity position, which is critical for meeting short-term obligations and supporting ongoing operations[196]. - The board is responsible for ensuring that the financial statements are free from material misstatement due to fraud or error, emphasizing the importance of internal controls[197]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position and performance in accordance with International Financial Reporting Standards[190]. Shareholder Information and Dividends - The board does not recommend a final dividend for the year ending December 31, 2024, compared to zero in 2023[50]. - The company has adopted a dividend policy to allow shareholders to benefit from profits while retaining liquidity for future opportunities[181]. - The group is subject to regulatory restrictions that may impact dividend payments, which could affect shareholder returns[197]. Environmental and Social Responsibility - The company has implemented environmental protection measures, including reducing paper usage and encouraging energy-saving practices[79]. - The company maintains good working relationships with employees, with no labor disputes reported during the year ending December 31, 2024[82]. Audit and Internal Controls - The audit committee, composed of three independent non-executive directors, reviewed the financial performance and internal controls of the company for the year ending December 31, 2024[130]. - The company has engaged an independent third party to review its internal control system for effectiveness and adequacy for the fiscal year ending December 31, 2024[173]. - The audit committee regularly reviews the effectiveness of the company's risk management and internal control systems[175].

Financial Performance - For the fiscal year ending December 31, 2024, CMON Limited reported total revenue of $37,353,249, a decrease of 17.1% from $45,051,708 in the previous year[4] - The cost of sales for the year was $19,355,755, resulting in a gross profit of $17,997,494, down 23.7% from $23,615,284 in 2023[4] - The company incurred an operating loss of $2,559,878 compared to an operating profit of $1,831,106 in the prior year, indicating a significant decline in operational performance[4] - Net loss for the year was $3,049,380, compared to a profit of $755,948 in 2023, reflecting a substantial downturn in profitability[5] - Basic and diluted loss per share was $(0.0015), compared to earnings of $0.0004 per share in the previous year[5] - The company reported a total comprehensive loss of $3,046,767 for the year, compared to a comprehensive income of $745,392 in the previous year[4] - The company reported a net loss of $3,047,341 for 2024, compared to a profit of $755,948 in 2023, indicating a shift in financial performance[23] - Revenue for the fiscal year decreased to approximately $37.4 million from about $45.1 million in the previous fiscal year, with a comprehensive loss of approximately $3.0 million compared to a profit of about $0.8 million in 2023[39] Assets and Liabilities - Total assets decreased to $21,486,975 from $25,298,248, a decline of approximately 15% year-over-year[7] - Non-current assets decreased to $25,842,055 from $28,776,392, primarily due to reductions in property, plant, and equipment[6] - Total non-current assets decreased from $19,926,924 in 2023 to $18,485,283 in 2024, a decline of approximately 7.2%[17] - The company’s total liabilities for lease liabilities interest increased from $25,554 in 2023 to $71,254 in 2024, an increase of approximately 178%[19] - Trade receivables decreased from $375,608 in 2023 to $0 in 2024, indicating a significant reduction in outstanding customer payments[25] - Prepayments and deposits decreased from $2,288,692 in 2023 to $762,899 in 2024, a decline of approximately 66.7%[29] - The group's bank and cash balance as of December 31, 2024, is $88,857, a decrease from $168,082 in 2023[30] - Bank borrowings decreased to $4,006,147 in 2024 from $5,806,654 in 2023, with $2,956,437 due within one year[32] - As of December 31, 2024, the group had total bank borrowings of approximately $3.0 million (short-term) and $1.0 million (long-term), compared to $4.3 million and $1.5 million respectively in 2023[65] - The group's debt-to-asset ratio as of December 31, 2024, was approximately 47.6%, slightly down from 48.1% in 2023[65] Revenue Breakdown - Revenue from North and South America was $15,699,195, down 31.1% from $22,828,405 in 2023, indicating a significant market contraction[13] - Revenue decreased by approximately 17.1% from about $45.1 million for the year ended December 31, 2023, to about $37.4 million for the year ended December 31, 2024, primarily due to a decline in confirmed crowdfunding game sales[42] - Revenue from wholesale sales decreased by approximately 9.7% from about $18.6 million to about $16.8 million for the same periods[42] - Crowdfunding revenue decreased from approximately $26.4 million to about $20.0 million, attributed to lower sales from five crowdfunding projects in 2024 compared to six in 2023[42] - Board games accounted for approximately 81.1% of total revenue in 2024, generating about $30.3 million, down from 85.8% and about $38.6 million in 2023[43] Expenses and Costs - The cost of goods sold decreased from $14,745,602 in 2023 to $13,093,441 in 2024, a reduction of approximately 11.2%[21] - The company’s marketing expenses decreased from $1,086,526 in 2023 to $920,943 in 2024, a reduction of approximately 15.3%[21] - The company’s total financing costs decreased from $468,624 in 2023 to $435,633 in 2024, a decline of approximately 7%[19] - Total operating expenses decreased from about $21.8 million in 2023 to about $20.7 million in 2024, with selling and distribution expenses dropping from about $9.6 million to about $7.2 million[50] - Total employee costs for the year ending December 31, 2024, were approximately $4.0 million, consistent with the previous year[62] Share Capital and Dividends - The company did not recommend any dividends for the year ending December 31, 2024, consistent with 2023[22] - The company's issued share capital has decreased from 2,167,200,000 shares to 1,806,000,000 shares following the cancellation of subscription shares[76] - After the cancellation, Huang Cheng'an's shareholding increased from 20.79% to 24.95%, while Jianbang's shareholding rose from 12.76% to 15.31%[77] Future Plans and Strategies - The company plans to focus on the development and operation of already launched games to reduce development costs amid trade war uncertainties[41] - The company aims to expand its wholesale market in Europe and initiate small game production in Europe to lower operational logistics costs[41] - The group plans to expand its game portfolio through acquisitions or licensing to increase market share, primarily funded by internally generated funds and external borrowings[64] Risks and Governance - The group has identified key risks including reliance on a limited number of outsourced manufacturers and the potential loss of key personnel[69] - The company is hiring an internal control review expert to assess its internal control policies regarding the issuance of subscription shares and the delayed publication of financial results for the year ending December 31, 2024[78] - The audit committee has reviewed the accounting policies and practices adopted by the group and discussed internal controls and financial reporting matters[82] Miscellaneous - The company has not recognized the net proceeds from the subscription shares, which were canceled following legal advice and agreements with the subscribers[36] - The group had no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures for the year ending December 31, 2024[61] - The group has no significant contingent liabilities as of December 31, 2024, remaining unchanged from the previous year[67] - The company has not engaged in any business that directly or indirectly competes with its group business during the year ending December 31, 2024[81] - No purchases, sales, or redemptions of the company's listed securities occurred during the year ending December 31, 2024[79] - The annual report for the year ending December 31, 2024, is expected to be sent to shareholders and published on the company's website by May 30, 2025[85] - Trading of the company's shares was suspended on April 1, 2025, pending the announcement of audited financial results[86] - The audit firm has confirmed that the financial figures in the annual performance announcement align with the audited consolidated financial statements for the year ending December 31, 2024[84]

Financial Performance - Revenue for the six months ended June 30, 2024, was $15,916,225, a decrease of 25.5% compared to $21,188,346 for the same period in 2023[1] - Gross profit for the period was $8,452,034, down 13.3% from $9,751,878 in the previous year[1] - Operating profit decreased to $305,353, a decline of 47.5% from $582,010 in the prior year[2] - Profit before tax was $202,774, down 46.5% from $376,785 in the same period last year[2] - Net profit after tax was $174,141, a decrease of 39.7% compared to $289,120 in the previous year[2] - Total revenue for the six months ended June 30, 2024, was $15,916,225, down 25.0% from $21,188,346 in the same period of 2023[11] - Sales of products decreased to $13,917,637, a decline of 30.7% from $20,083,473 in the previous year[11] - The group reported a net profit attributable to equity holders of $174,141 for the six months ended June 30, 2024, compared to $286,982 in the same period of 2023, representing a decrease of 39.2%[14] - Basic earnings per share for the six months ended June 30, 2024, was $0.00009, down from $0.00016 in the same period of 2023[14] Assets and Liabilities - Total assets increased to $39,720,522 as of June 30, 2024, compared to $37,305,721 at the end of 2023[3] - Non-current assets rose to $28,497,630 from $28,776,392 at the end of 2023[3] - Current assets increased to $11,222,891, up from $8,529,329 at the end of 2023[3] - Total liabilities amounted to $18,776,884, an increase from $17,944,904 at the end of 2023[4] - Total equity reached $20,943,638, up from $19,360,817 at the end of 2023[4] - Total bank borrowings as of June 30, 2024, were approximately $4.4 million, down from about $5.8 million as of December 31, 2023[33] - The company's debt structure included short-term and long-term bank borrowings of approximately $2.8 million and $1.7 million, respectively, as of June 30, 2024[41] - The debt-to-asset ratio was approximately 49.0% as of June 30, 2024, compared to 48.1% as of December 31, 2023[41] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2024, was $2,585,480, a decrease of 42.5% compared to $4,527,069 for the same period in 2023[6] - Cash and cash equivalents decreased by $1,254,189, ending at $1,925,054 as of June 30, 2024, compared to $4,083,221 at the end of the same period in 2023[6] - As of June 30, 2024, the total cash and cash equivalents were approximately $2.1 million, down from $3.4 million as of December 31, 2023[34] Expenses - The cost of goods sold was $4,752,893, down 42.4% from $8,208,838 in the prior year[12] - Sales and distribution expenses decreased from approximately $3.4 million for the six months ended June 30, 2023, to about $2.1 million for the six months ended June 30, 2024, mainly due to a reduction in merchant account fees[31] - The total employee costs for the six months ended June 30, 2024, were approximately $1.6 million, compared to $2.3 million for the same period in 2023[38] Other Income and Expenditures - Other income decreased from $20,719 for the six months ended June 30, 2023, to $13,276 for the six months ended June 30, 2024, primarily due to a reduction in patent income[30] - The group incurred capital expenditures of approximately $2.4 million for property, plant, and equipment during the six months ended June 30, 2024, compared to $2.0 million in the same period of 2023[16] Strategic Initiatives - The company launched four crowdfunding games in the six months ended June 30, 2024, as part of its strategy to attract new players and enhance revenue[26] - The company aims to expand into Asian markets and enhance game design capabilities to achieve long-term growth[26] - The company has no significant investment plans but intends to acquire more quality games to increase market share[40] Dividends and Shareholder Information - The group did not declare any interim dividends for the six months ended June 30, 2024, consistent with the same period in 2023[15] - The board did not declare any interim dividends for the six months ended June 30, 2024[44] - The interim report for the six months ending June 30, 2024, will be sent to shareholders and published on the company's website and the designated exchange website[51] Governance and Compliance - The audit committee consists of three independent non-executive directors: Mr. Wang Yushan (Chairman), Mr. Cai Min, and Mr. Liang Yuxiong[50] - The executive directors include Mr. Huang Cheng'an, Mr. Jian Bang, Mr. David Preti, and Mr. Xu Zhengkai, while the non-executive director is Mr. Cai Wanjian[52] - The company has no significant contingent liabilities as of June 30, 2024[43] - The company has no foreign currency hedging policy but will continue to monitor foreign exchange risks[42] - The company expects that the newly issued accounting standards will not have a significant impact on its financial statements[9] Contractual Obligations - Contract liabilities increased from approximately $6.7 million as of December 31, 2023, to about $9.1 million as of June 30, 2024[23] - There were no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2024[37]

Financial Performance - In 2023, CMON Limited's gross margin improved by over 20%, and net profit increased by nearly 50% compared to 2022[8]. - Total revenue for the fiscal year decreased by approximately 0.6% to about $45.1 million from approximately $45.3 million in the previous fiscal year[14]. - Revenue from wholesale sales decreased by about 0.6% to approximately $18.6 million, down from about $19.8 million in the previous year[14]. - Revenue generated from Kickstarter projects increased from approximately $25.1 million to about $26.4 million, attributed to higher sales from six projects in 2023 compared to five in 2022[14]. - Total revenue for the year ended December 31, 2023, was approximately $45.05 million, a decrease of about 0.6% from $45.34 million in 2022[17]. - Gross profit increased by approximately 28.2% to about $23.6 million for the year ended December 31, 2023, compared to approximately $18.4 million in 2022, with a gross margin improvement of 11.8 percentage points to 52.4%[20]. - The company reported a net profit attributable to equity holders of approximately $0.8 million for the year ended December 31, 2023, up from about $0.6 million in 2022[26]. Revenue Sources - Board games accounted for approximately 85.8% of total revenue in 2023, generating about $38.6 million, compared to 86.5% and approximately $39.2 million in 2022[15]. - The company shipped Kickstarter projects contributing approximately $26.3 million in revenue for the year ended December 31, 2023, compared to $25.1 million in 2022[35]. - The company launched four Kickstarter games in 2023, raising approximately $4.8 million, $3.8 million, $0.7 million, and $2.6 million respectively[11]. Expenses and Costs - Sales and distribution expenses rose to approximately $9.6 million in 2023 from about $7.8 million in 2022, partly due to an increase in patent fees and salary expenses[22]. - General and administrative expenses increased to approximately $12.2 million in 2023 from about $9.3 million in 2022, primarily driven by higher game development costs[23]. - Other income decreased to $62,898 in 2023 from $138,628 in 2022, mainly due to a reduction in patent income[21]. Market Strategy and Growth - CMON Limited plans to expand its market presence in Asia and diversify its product offerings to achieve long-term growth[12]. - The company aims to introduce new games based on its proprietary IP and popular licensed IPs in 2024, enhancing its revenue base and competitive position[12]. - The group has identified potential crowdfunding platforms other than Kickstarter for game launches, enhancing internal capabilities for launching games on its own website if necessary[47]. Financial Position - Cash and cash equivalents were approximately $3.2 million as of December 31, 2023, compared to $3.9 million as of December 31, 2022[27]. - The total bank borrowings of the company were approximately $5.8 million as of December 31, 2023, down from $7.3 million in 2022[31]. - The asset-liability ratio as of December 31, 2023, was approximately 48.1%, a decrease from 50.6% in 2022[40]. - As of December 31, 2023, the company's distributable reserves for equity holders were approximately $18.5 million, an increase from $17.8 million as of December 31, 2022[87]. Corporate Governance - The board of directors includes experienced professionals with extensive backgrounds in finance and management, enhancing the company's governance[64]. - The company has established compliance procedures to ensure adherence to relevant laws and regulations in Cayman Islands, Singapore, China, the United States, and Hong Kong[78]. - The audit committee consists of three independent non-executive directors who reviewed the group's accounting policies and financial reporting matters[130]. - The company has adopted a board diversity policy to enhance the effectiveness of the board[142]. Employee and Labor Relations - As of December 31, 2023, the total employee cost amounted to approximately $4.0 million, compared to $3.9 million in 2022, with the number of employees increasing from 78 to 87[37]. - There were no labor disputes reported, indicating good working relationships with employees during the fiscal year ending December 31, 2023[79]. Environmental Commitment - The company is committed to providing an environmentally friendly atmosphere while balancing environmental and economic needs[75]. - The group encourages environmentally friendly practices, including double-sided printing and the use of recycled paper[76]. - The group emphasizes environmental considerations in product design and production, aiming to minimize waste and packaging materials[76]. Shareholder Relations - The company emphasizes effective communication with shareholders to enhance investor relations and ensure timely and transparent information disclosure[186]. - The company has established a shareholder communication policy to facilitate two-way communication with shareholders[186]. - Shareholders have the right to propose matters for consideration at the general meeting, provided they hold at least 10% of the voting shares[192]. Risk Management - The company continues to monitor foreign exchange risks and may consider hedging significant foreign currency risks as needed[42]. - Major operational units are responsible for daily risk management activities, including identifying and mitigating significant risks[180]. - The risk management and internal control systems are deemed effective and adequate for the year ending December 31, 2023[182].