Financial Performance - The Group recorded revenue of HK$62.4 million for the year ended December 31, 2023, a decrease of 9.5% compared to HK$68.6 million in the previous year[19]. - Gross profit for the year was HK$13.1 million, down from HK$14.2 million in the previous year, reflecting a decline in profitability[19]. - The net loss for the year was HK$65.1 million, an improvement from a net loss of HK$88.3 million in the previous year, indicating a reduction in losses by approximately 26.2%[19]. - The Sports and Entertainment Business recorded revenue of HK$ 61.4 million in the current year, down from HK$ 68.3 million in the corresponding year, reflecting a decline in performance[35]. - The loss before tax for the Sports and Entertainment Business was HK$ 37.4 million, including impairment losses of HK$ 10.7 million, compared to a loss of HK$ 39.6 million in the previous year, which included impairment losses of HK$ 18.7 million[36]. - Other income decreased to HK$8.6 million from HK$12.2 million, primarily due to reduced investment returns and smaller rental concessions, a drop of HK$3.6 million[50][56]. - The Group recorded other gains of HK$4.5 million, contrasting with other losses of HK$0.5 million in the previous year, indicating a positive shift in incidental gains[51][56]. - The net loss after taxation for the current year was HK$65.1 million, a reduction of HK$23.2 million from the previous year's loss, which was significantly impacted by a one-off goodwill impairment[66][72]. - The Group's accumulated loss as of December 31, 2023, amounted to approximately HK$534.6 million, an increase from HK$472.6 million in 2022[141]. Assets and Liabilities - Total assets as of December 31, 2023, were HK$335.2 million, a decrease from HK$386.5 million in 2022[15]. - Total liabilities increased to HK$145.9 million in 2023 from HK$130.9 million in 2022, indicating a rise in financial obligations[15]. - Net assets decreased to HK$189.3 million in 2023 from HK$255.6 million in 2022, reflecting a decline in the company's equity position[15]. - The Group's net cash position as of December 31, 2023, was HK$62.9 million, a decrease from HK$78.5 million in 2022, with cash and bank balances of HK$87.0 million[89]. - The net cash outflow from operating activities for the current year was HK$3.4 million, significantly improved from HK$69.1 million in the previous year[90]. - The Group's total interest-bearing bank and other borrowings were HK$24.1 million, reduced from HK$26.7 million in 2022[89]. - The Group had bank and other borrowings of HK$24.1 million maturing within one year as of December 31, 2023, down from HK$26.7 million in 2022[152]. Business Operations - The Company is focused on the Sports and Entertainment Business, with a subsidiary, MetaSpace, leading in the construction and management of air-dome facilities in China[20]. - The air dome market in China is highly concentrated, with leading enterprises holding competitive advantages, while small and medium-sized enterprises dominate the market[21]. - The Group aims to expand its market presence and enhance its service offerings in the air dome industry, which has significant applications across various sectors[20]. - MetaSpace signed 33 new contracts totaling RMB 220 million in the current year, compared to 28 contracts worth RMB 120 million in the previous year, indicating a significant increase in contract value[34]. - MetaSpace is actively pursuing market expansion into other Asian countries and enhancing brand awareness through professional exhibitions and collaborations[27]. - The Company is committed to improving operational efficiency and exploring new business strategies to drive future growth[19]. Investment and Financial Strategy - The Group's strategy includes long-term holding of corporate bonds to earn substantial returns, with the possibility of selling some before maturity if it aligns with the company's best interests[78]. - The Group's financial assets at fair value through profit or loss included both listed and unlisted equity investments, with a focus on the pharmaceutical industry in China[87]. - Investment income from corporate bonds was HK$1.5 million, with a fair-value loss of HK$6.8 million recognized in equity and an impairment loss of HK$9.3 million in profit or loss[77]. - The overall bond market sentiment has been pessimistic, impacting the prices of the Group's held bonds negatively[78]. Liquidity and Risk Management - As of December 31, 2023, the current ratio decreased to 1.55 from 1.94 in 2022, indicating a decline in liquidity[95]. - The quick ratio also fell to 1.40 in 2023 from 1.71 in the previous year, reflecting a tighter liquidity position[95]. - The gearing ratio increased to 0.13 in 2023 compared to 0.10 in 2022, suggesting a higher level of financial leverage[95]. - The Group's credit risk is well-managed, with no significant concentrations of credit risk across a large number of counterparties and customers[99]. - Liquidity risk is minimal, as a substantial portion of financial assets and liabilities are due within one year, allowing the Group to finance operations from existing resources[106]. - The Group is exposed to foreign currency risk primarily with respect to Renminbi and United States dollar, but management considers this risk to be insignificant[108]. Employment and Corporate Governance - As of December 31, 2023, the Group employed 127 full-time employees, a decrease from 141 in 2022, reflecting a potential restructuring or efficiency drive[112]. - The Board does not recommend the payment of any final dividend for the current year, with future dividends dependent on operational results and financial conditions[114]. - The Group complied with all relevant laws and regulations during the year ended December 31, 2023, with no material breaches reported[130]. - The Group's environmental policy emphasizes sustainable development and compliance with environmental protection laws in China[122]. Share Options and Directors - As of December 31, 2023, there are 35,142,000 outstanding share options, representing approximately 2.50% of the total number of shares in issue, which is 1,408,019,000 shares[193]. - The Company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 104,659,900 shares, representing approximately 7.50% of the total number of shares in issue as of December 31, 2023[193]. - The maximum number of shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the total number of ordinary shares in the capital of the Company[191]. - The Share Option Scheme allows for the issuance of options to selected eligible persons, including employees and directors, as incentives or rewards for their contributions[187]. - The maximum number of shares issued and to be issued upon exercise of share options in any 12-month period shall not exceed 1% of the shares in issue from time to time[188]. - An option granted under the Share Option Scheme is personal to the grantee and shall not be assignable or transferable[192]. - The exercise price for options is determined by the Board and must be at least the higher of the closing price on the date of the offer or the average closing price for the preceding five business days[199]. - The Company approved the termination of the existing share option scheme and the adoption of a new share option scheme on June 18, 2021[186].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 62,388,000, a decrease of 9.8% compared to HKD 68,571,000 in 2022[3] - Gross profit for the same period was HKD 13,117,000, down from HKD 14,171,000, reflecting a gross margin of approximately 21.0%[3] - The company reported a net loss of HKD 65,102,000 for 2023, compared to a net loss of HKD 88,319,000 in 2022, indicating an improvement of 26.3%[3] - The group's total revenue was HKD 62.4 million this year, a decrease of 9.0% from HKD 68.6 million last year, with a gross margin of 21.0%[68] - The net loss for the year was HKD 65.1 million, a reduction of HKD 23.2 million compared to last year, mainly due to a significant one-time goodwill impairment last year[78] Assets and Liabilities - Total assets decreased to HKD 335,205,000 in 2023 from HKD 386,524,000 in 2022, representing a decline of 13.3%[5] - Current liabilities increased to HKD 141,525,000 in 2023 from HKD 122,201,000 in 2022, representing a growth of 15.9%[7] - Total assets minus current liabilities decreased to HKD 193,680,000 in 2023 from HKD 264,323,000 in 2022, a decline of 26.7%[7] - Non-current liabilities decreased significantly to HKD 4,366,000 in 2023 from HKD 8,716,000 in 2022, a reduction of 50%[7] - Total equity dropped to HKD 189,314,000 in 2023 from HKD 255,607,000 in 2022, reflecting a decrease of 26%[7] Cash Flow and Financing - Cash and bank balances were HKD 87,023,000 as of December 31, 2023, down from HKD 105,259,000 in the previous year, a decrease of 17.3%[5] - The company incurred financing costs of HKD 1,729,000, reduced from HKD 2,394,000 in 2022, showing a decrease of 27.8%[3] - The group's operating cash outflow for the year was HKD 18.3 million, significantly improved from HKD 69.1 million last year[90] - The total cash and bank balances were HKD 87.0 million, down from HKD 105.3 million in 2022[90] Revenue Sources - Revenue from membrane construction services was HKD 60,836,000 in 2023, down from HKD 67,794,000 in 2022, indicating a decline of approximately 10.8%[29] - Revenue from other Asian countries was HKD 0 in 2023, down from HKD 7,357,000 in 2022, indicating a complete loss of this revenue stream[24] - Major customers contributed significantly to the group's revenue, with Customer A generating HKD 8,034,000, Customer B HKD 7,428,000, and Customer C HKD 6,558,000 in 2023[26] Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming year[3] - The company aims to enhance operational efficiency and reduce costs in response to the challenging market conditions[3] - The company aims to integrate sustainable development concepts into all aspects of its operations, including R&D and manufacturing[60] - The company is actively seeking opportunities to expand its business into other Asian countries[60] Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[11] - The board does not recommend any final dividend for the year, with future dividends to be determined based on various financial factors[103] - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual, Liu Xueheng, as of December 31, 2023[105] - The Audit Committee, consisting of three independent non-executive directors, has reviewed and approved the consolidated financial statements for the year ending December 31, 2023[106] Other Financial Metrics - The total tax expense for the year amounted to HKD 4,194,000, compared to a tax credit of HKD 682,000 in 2022[41] - The estimated taxable profit in Hong Kong is subject to a tax rate of 16.5%, with the first HKD 2,000,000 taxed at a reduced rate of 8.25%[37] - The current ratio decreased to 1.55 in 2023 from 1.94 in 2022, indicating a decline in liquidity[91] - The quick ratio also decreased to 1.40 in 2023 from 1.71 in 2022, reflecting a tighter liquidity position[91]

Financial Performance - The Group recorded a revenue of HK$68.6 million for the year ended December 31, 2022, a decrease of 68.7% compared to HK$218.7 million in the previous year[16]. - Gross profit for the year was HK$14.2 million, down from HK$56.7 million in the previous year, reflecting a gross margin decline[16]. - The net loss for the year was HK$88.3 million, compared to a net loss of HK$41.6 million in the previous year, indicating a worsening financial performance[16]. - The Group's sports and entertainment business recorded revenue of HK$68.3 million in the Current Year, a significant decrease of approximately 69% from HK$218.7 million in the Corresponding Year[23][36]. - Gross profit dropped to approximately HK$14.2 million, with a gross profit margin of 20.7%, down from HK$56.7 million and 25.9% respectively in the Corresponding Year[36][40]. - The loss before tax was HK$39.6 million, compared to a net loss of HK$1.1 million in the Corresponding Year, with a one-off non-cash impairment loss on goodwill of HK$29.1 million[24][26]. - The Group recorded a net loss of HK$88.3 million in the Current Year, an increase from HK$41.6 million in the Corresponding Year, primarily due to a significant decrease in revenue and gross profit contribution from the sports and entertainment business by approximately HK$150 million and more than HK$42.5 million respectively[54][56]. Assets and Liabilities - Total assets decreased to HK$386.5 million as of December 31, 2022, down from HK$557.6 million in 2021, representing a decline of 30.7%[14]. - Total liabilities were HK$130.9 million, reduced from HK$194.9 million in the previous year, showing a decrease of 32.9%[14]. - Net assets stood at HK$255.6 million, down from HK$362.7 million in 2021, reflecting a decrease of 29.5%[14]. - The Group's interest-bearing borrowings were approximately HK$26.7 million as of December 31, 2022, down from HK$39.3 million as of December 31, 2021[72]. - The gearing ratio was 6.9% as of December 31, 2022, slightly down from 7.1% as of December 31, 2021[72]. - The current assets were approximately HK$237.3 million as of December 31, 2022, compared to approximately HK$349.8 million as of December 31, 2021[73]. - The current ratio was 1.94 as of December 31, 2022, down from 2.02 as of December 31, 2021[73]. Business Strategy and Outlook - The Company aims to leverage its position as a leading integrated service provider of air dome facilities in China to meet the growing demand for indoor sports facilities[17]. - Future strategies may include market expansion and the development of new technologies related to air dome facilities[17]. - The Group is optimistic about business volume improvement next year due to secured reserve contracts and potential contracts in the pipeline[25][27]. - The Group is focusing on optimizing its business model and strengthening risk management, particularly regarding trade receivables[25][29]. Subsidiaries and New Ventures - The Group established a new 51%-owned subsidiary in the PRC for manufacturing and selling white pigment powder, with a registered capital of RMB10 million[30][33]. - The Group's subsidiary, MetaSpace (Beijing) Air Dome Corp, is positioned to capitalize on the increasing popularity of eco-friendly and cost-effective sports facilities[17]. Income and Expenses - Other income and gains increased to HK$11.7 million from HK$3.1 million in the Corresponding Year, primarily due to a decrease in fair value loss on unlisted equity investments[37][41]. - Selling expenses decreased by HK$2.3 million or 22.5%, mainly due to reduced payroll costs from decreased revenue[38][42]. - Administrative expenses remained stable at approximately HK$44 million across both years, with specific costs such as wages at HK$21.2 million and professional fees at HK$5.7 million in the Current Year[43]. - The Group recorded a net cash outflow from operating activities of approximately HK$(69.1) million for the current year, compared to an inflow of approximately HK$21.7 million in the corresponding year[71]. Impairment and Losses - Impairment loss on goodwill related to the sports and entertainment business was approximately HK$29.1 million in the Current Year, whereas no such item was recognized in the Corresponding Year[56]. - Impairment losses on financial and contract assets included expected credit loss of trade receivables and contract assets of HK$18.7 million, down from HK$21.6 million in the Corresponding Year, and expected credit loss on debt investments of HK$6.4 million, down from HK$16.4 million[45][49]. - Other expenses included an impairment loss on property, plant, and equipment of HK$3.5 million, direct operating expenses of a leasing air dome stadium of HK$1.8 million, and an impairment loss on right-of-use assets of HK$1.1 million[46][50]. Share Capital and Options - As of December 31, 2022, there are 35,142,000 outstanding share options, representing approximately 2.50% of the total number of Shares in issue, which is 1,408,019,000[185]. - The Company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 104,659,900 shares, representing approximately 7.50% of the total number of Shares in issue as of December 31, 2022[185]. - The maximum number of shares that may be issued upon exercise of all share options must not exceed 30% of the total number of ordinary shares in the capital of the Company[183]. - The New Share Option Scheme will expire on June 17, 2031, unless terminated earlier by a general meeting[191]. - The exercise price for share options must be at least the higher of the closing price on the date of the offer or the average closing price for the five business days preceding the date of grant[190]. Compliance and Governance - The Group complied with all relevant laws and regulations in the PRC and Hong Kong that significantly impact the Group during the year ended December 31, 2022[118]. - The company has confirmed the independence of all independent non-executive directors as per the Listing Rules[151]. - No significant transactions or contracts involving directors were reported during the year ended December 31, 2022[159]. - The directors' remuneration policy is subject to shareholders' approval, with other emoluments determined by the Board based on performance and recommendations from the remuneration committee[157]. Employee and Shareholder Information - The Group has a total of 141 full-time employees as of December 31, 2022, an increase from 132 employees in the previous year[99]. - The Board does not recommend the payment of any final dividend for the current year, with future dividends dependent on the Group's operational results and financial conditions[101]. - The Group's accumulated loss as of December 31, 2022, amounted to approximately HK$472.5 million, an increase from approximately HK$395.5 million in 2021[128]. - Sales to the Group's five largest customers accounted for 69.5% of total sales for the year, with the largest customer contributing 21.9%[129].

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，並明確表示概不會對因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 （於開曼群島註冊成立的有限公司） （股份代號：1803） 2022年 年 度 業 績 公 告 北京體育文化產業集團有限公司（「本公司」）董事會（「董事會」及「董事」）宣佈本 公司及其附屬公司（統稱「本集團」）截至2022年12月31日止年度（「本年度」）的綜 合年度業績，連同去年同期之比較數字如下： 綜合損益及其他全面收益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收益 4 68,571 218,721 銷售成本及建造服務成本 (54,400) (162,020) ...

Financial Performance - The Group recorded revenue of HK$23.5 million for the six-month period ended 30 June 2022, a decrease of 73.5% compared to HK$88.9 million in the corresponding period of 2021[9]. - Gross profit for the Current Period was HK$3.0 million, down from HK$16.2 million in the corresponding period, resulting in a gross profit margin decline from 18.2% to 12.8%[9]. - The sports and entertainment business generated revenue of HK$23.2 million from air dome construction services, a significant drop from HK$73.5 million in the corresponding period[9]. - Revenue from related consultation and management services was HK$0.3 million, compared to HK$15.4 million in the corresponding period, indicating a substantial decrease[9]. - The decline in revenue was primarily due to the reduction in new construction projects and delays caused by the resurgence of Covid-19 in various provinces of the PRC[9]. - The net loss for the Current Period was HK$24.9 million, compared to a net loss of HK$1.1 million in the corresponding period[9]. - Other income and gains or losses decreased to approximately HK$5.9 million from HK$9.6 million in the corresponding period, primarily due to a HK$4.1 million decrease in foreign exchange gains[23]. - Selling expenses decreased by 23.0% to approximately HK$4.0 million, accounting for 17.0% of the Group's revenue in the current period[24]. - Administrative expenses increased by approximately 15.5% to HK$22.3 million, driven by a HK$1.8 million increase in research and development costs[25]. - The Group recorded a loss attributable to owners of the Company of HK$17.1 million, compared to a loss of approximately HK$1.2 million in the corresponding period[32]. - Basic loss per share was approximately HK$1.21 cents, compared to HK$0.08 cents in the corresponding period[32]. Cash Flow and Liquidity - As of June 30, 2022, the Group had cash and bank balances of approximately HK$77.6 million, down from HK$79.7 million as of December 31, 2021[35]. - The net cash outflow from operating activities for the current period was approximately HK$37.9 million, compared to an inflow of approximately HK$12.9 million in the corresponding period[35]. - The Group's interest-bearing borrowings were approximately HK$32.1 million as of June 30, 2022, down from HK$39.3 million as of December 31, 2021, with a gearing ratio of 6.8%[38]. - Current assets were approximately HK$282.9 million and current liabilities were approximately HK$126.1 million, resulting in a current ratio of 2.24 as of June 30, 2022, compared to 2.02 as of December 31, 2021[40]. - The fair value loss on debt investments recognized in the statement of other comprehensive income amounted to HK$3.8 million, compared to HK$0.1 million in the corresponding period, indicating credit deterioration[42]. Investments and Assets - The Group's total assets as of June 30, 2022, were impacted by the fair value changes of corporate bonds, with specific issuers showing significant impairments[46]. - The investment return from wealth management products recognized in the profit or loss statement amounted to approximately HK$1.5 million, a significant increase from HK$0.1 million in the corresponding period[51]. - The fair value of wealth management products as of June 30, 2022, was RMB 6,001,000, representing 1.48% of the Group's total assets[53]. - The yield on the wealth management product from China Minsheng Bank was 4.53%, with an investment cost of RMB 7,000,000[55]. - The total investment cost for various wealth management products amounted to RMB 18,753,000, with a fair value change of (4,590) thousand HKD recognized over six months[48]. - The investment cost for the wealth management product from China Merchants Bank was RMB 4,000,000, yielding 3.40%[55]. Corporate Governance - The Board includes four independent non-executive Directors out of a total of eight Directors, ensuring good corporate governance practices[71]. - The Company has complied with all provisions of the Corporate Governance Code throughout the Current Period, with one noted deviation regarding the roles of the chairman and chief executive[71]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all Directors throughout the Current Period[74]. - The company confirms that all directors have complied with the trading standards set out in the standard code during the reporting period[77]. - The company is committed to adhering to the corporate governance standards as outlined in the relevant regulations[96]. Employee and Staff Information - As of June 30, 2022, the Group had 144 full-time employees, an increase from 132 employees as of December 31, 2021[63]. - Staff costs for the Current Period were approximately HK$10.8 million, down from approximately HK$12.9 million in the corresponding period[65]. Share Capital and Options - The maximum number of Shares that may be issued upon exercise of all share options under the Share Option Scheme must not exceed 10% of the Shares in issue on the date of approving the Share Option Scheme[102]. - The total number of ordinary shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the total number of ordinary shares in the capital of the Company in issue from time to time[102]. - As of June 30, 2022, there are 36,732,000 outstanding share options, representing approximately 2.61% of the total number of shares in issue[104]. - The company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 140,801,900 shares, which represents approximately 12.61% of the total number of shares in issue as of June 30, 2022[104]. - No share options were exercised during the current period, and the total number of share options remains unchanged[107]. Operational Challenges - The Group's strategy is to hold corporate bonds for long-term purposes to earn attractive yields, but it does not preclude the possibility of disposing of some bonds before maturity if it serves the best interest of the company[45]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic acquisitions and investments[141]. - The total comprehensive loss for the period amounted to HK$35,426,000, compared to a loss of HK$1,602,000 in the same period of 2021, marking an increase in total losses[125]. - The company reported a loss before tax of HK$24,392,000 for the six-month period ended June 30, 2022, compared to a loss of HK$779,000 in the same period of 2021[140].

Financial Performance - The Group's turnover for 2021 was HK$218,721,000, an increase of 81.1% compared to HK$120,877,000 in 2020[13] - The loss for the year was HK$41,566,000, which is a 20.5% increase from the loss of HK$34,534,000 in 2020[13] - For the year ended December 31, 2021, the Group's revenue increased from approximately HK$120.9 million to approximately HK$218.7 million, representing an increase of approximately 80.9%[25] - Gross profit rose to approximately HK$56.7 million, compared to approximately HK$11.2 million in the prior year, resulting in a gross profit margin increase from approximately 9.3% to approximately 25.9%[44] - The loss attributable to owners of the Company was approximately HK$38.8 million, compared to approximately HK$11.9 million in the year ended 31 December 2020, with a basic and diluted loss per share of approximately HK$2.8 cents[47] Assets and Liabilities - Total assets decreased to HK$557,610,000 in 2021 from HK$653,854,000 in 2020, representing a decline of 14.7%[15] - Total liabilities reduced to HK$194,877,000 in 2021 from HK$244,608,000 in 2020, a decrease of 20.3%[15] - Net assets for the Group were HK$362,733,000 in 2021, down from HK$409,246,000 in 2020, reflecting a decline of 11.3%[15] - As of 31 December 2021, cash and cash equivalents were approximately HK$79.7 million, down from approximately HK$116.5 million at the end of 2020[48] - The Group's current assets were approximately HK$349.8 million, down from approximately HK$389.3 million in 2020, while current liabilities decreased to approximately HK$173.4 million from approximately HK$197.3 million[98] Market and Industry Outlook - The sports industry in China is projected to reach a total monetary value of RMB5 trillion by 2025, indicating significant growth potential[20] - The construction of fitness facilities in China saw a slight increase of 0.1% in 2020, despite the impact of COVID-19[19] - The sports service sector is expected to experience rapid growth as the industry becomes more market-oriented[20] - The Group aims to leverage national policies and increasing public health awareness to capitalize on the growing sports market demand[20] - The PRC government plans to develop, build, renovate, and expand about 1,000 sports and supporting facilities for outdoor sports, fitness, and leisure by 2035[30] Strategic Focus and Operations - The Group's strategic focus includes expanding its market presence and enhancing its service offerings in the sports and entertainment sector[19] - The Group aims to leverage the advantages of air domes to utilize idle land resources and improve the per capita sports area index in urban areas[32] - The management is confident in the bright future of the sports and entertainment business in the coming period[33] - The Group plans to continue exploring potential projects to expand its revenue sources[40] - By the end of 2021, MetaSpace had constructed over 259 air dome facilities throughout the PRC[25] Financial Management and Investments - The Group has successfully applied for a money lending license in Hong Kong through a wholly-owned subsidiary[34] - The Group granted two new loans totaling approximately HK$31 million during the year, with outstanding loans receivable amounting to approximately HK$41 million as of 31 December 2021[40] - The investment income recognized from financial assets at fair value through other comprehensive income was HK$2.7 million, with a fair value loss of HK$16.7 million during the year[57] - The strategy includes holding corporate bonds for long-term purposes to earn attractive yields, with a possibility of early disposal if it serves the best interest of the company[60] - The Group's strategy includes maximizing returns on surplus cash through investments in wealth management products[91] Share Options and Employee Incentives - The Group has adopted a share option scheme to incentivize Directors and eligible persons[115] - The share option scheme aims to provide incentives and rewards to eligible participants who contribute to the success of the group's operations[182] - The maximum number of shares that may be issued upon exercise of all share options must not exceed 30% of the total number of ordinary shares in issue from time to time[187] - The total number of shares in issue as of December 31, 2021, is 1,408,019,000[190] - The company granted 13,167,500 share options to directors, with no options exercised during the year[198] Compliance and Governance - The Group complied with all relevant laws and regulations in the PRC and Hong Kong during the year ended December 31, 2021[140] - All independent non-executive Directors confirmed their independence as per the Listing Rules[156] - The Directors' fees are subject to shareholders' approval at general meetings, while other emoluments are determined by the Board based on performance and Group results[160] - No significant transactions or contracts involving Directors with material interests were reported for the year ended December 31, 2021[162] - The Group did not repurchase any shares during the year ended December 31, 2021[152]

: S HK01803 北京體育文化産業集團有限公司 BEIJING SPORTS AND ENTERTAINMENT INDUSTRY GROUP LIMITED (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) (Stock code 股份代號：01803) INTERIM REPORT 2021 中期報告 CORPORATE INFORMATION 公司資料 | --- | --- | |----------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------| | | CORPORATE INFORMATION 公司資料 | | BOARD OF DI ...

: 5 HK01803 北京體育文化産業集團有限公司 BEIJING SPORTS AND ENTERTAINMENT INDUSTRY GROUP LIMITED (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) (Stock code 股份代號：01803) ANNUAL REPORT 2020 年報 CONTENTS 目錄 CONTENTS 目錄 | --- | --- | |-------|----------------------------------------------| | | | | 2 | Corporate Information | | | 公司資料 | | 5 | Five-Year Financial Summary | | | 五年財務概要 | | 6 | Management Discussion and Analysis | | | 管理層討論及分析 | | 24 | Report of the Directors | | | 董事會報告 | | | | | 44 | ...

(incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號：01803) INTERIM REPORT 2020 中期報告 CORPORATE INFORMATION 公司資料 CORPORATE INFORMATION | --- | --- | |----------------------------------------------------------|----------------------------------------| | | 公司資料 | | BOARD OF DIRECTORS | 董事會 | | Executive Directors | 執行董事 | | Mr. Liu Xue Heng (Chairman and Chief Executive Officer) | 劉學恒先生 （主席兼行政總裁） | | Mr. Zhu Shixing | 祝仕興先生 | | Mr. Lam Ka Tak | 林嘉德先生 | | Mr. Zhang Tingz ...

北京體育文化産業集團有限公司 BEJING SPORTS AND ENTERTAINMENTINDUSTRY GROUP LIMITED (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號：01803) ANNUAL REPORT 2019 年報 CONTENTS 目錄 CONTENTS 目錄 | --- | --- | |-------|-----------------------------------------------------| | | | | 2 | Corporate Information | | | 公司資料 | | 5 | Five-Year Financial Summary | | | 五年財務概要 | | 6 | Management Discussion and Analysis 管理層討論及分析 | | 24 | Report of the Directors 董事會報告 | | 44 | Corporate Governance Rep ...