年度報告 2024 目錄 股份代號 (於開曼群島註冊成立之有限公司) : 1872 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 主席報告 | 4 | | 管理層討論與分析 | 6 | | 董事及高級管理層履歷 | 14 | | 企業管治報告 | 17 | | 董事會報告 | 28 | | 環境、社會及管治報告 | 42 | | 獨立核數師報告 | 70 | | 綜合全面收益表 | 75 | | 綜合財務狀況表 | 76 | | 綜合權益變動表 | 78 | | 綜合現金流量表 | 79 | | 綜合財務報表附註 | 81 | | 財務概要 | 160 | 1 冠轈控股有限公司 202 4年度報告 公司資料 執行董事 陳率堂先生 （聯席主席及行政總裁） Zhang Xiaoyang先生 （聯席主席）（於2024年12月9日獲委任） 黃慧敏女士 孟禧臻女士 金哲輝先生（於2024年7月29日獲委任） 非執行董事 王漵寬先生（於2024年11月22日辭任） 獨立非執行董事 周永東先生 譚日健先生 鍾立力先生（於2025年2月3日獲委任） 許人傑先生（於2025年2月3日辭任） 審核委 ...

冠 轢 控 股 有 限 公 司 GUAN CHAO HOLDINGS LIMITED (於関曼群島註冊成立之有限公司) 股份代號: 1872 2024 中期報告 目錄 頁次 公司資料 2 簡明綜合全面收益表 4 簡明綜合財務狀況表 6 簡明綜合權益變動表 8 簡明綜合現金流量表 9 簡明綜合中期財務資料附註 10 管理層討論與分析 30 其他資料 39 1 冠轈控股有限公司 2024年中期報告 公司資料 周永東先生 | --- | --- | |-------------------------------------------|-----------------------------------| | 執行董事 | 提名委員會 | | 陳率堂先生 （主席兼行政總裁） | 譚日健先生 （主席） | | 黃慧敏女士 | 周永東先生 | | 孟禧臻女士 | 許人傑先生 | | 金哲輝先生（於 2024 年 7 月 29 日獲委任） | | | 非執行董事 | 合規主任 | | 王漵寬先生 | 陳率堂先生 | | 獨立非執行董事 | 公司秘書 | | 周永東先生 | 呂偉勝先生 | | 許人傑先生 | 授權代表 ...

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，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Guan Chao Holdings Limited 冠轈控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1872） 截 至2024年6月30日止六個月 中期業績公告 冠轈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱「本集團」）截至2024年6月30日止六個月之未經審計簡明綜合 財務報表，連同2023年之相應期間比較數字。 – 1 – 簡明綜合全面收益表 | --- | --- | --- | --- | |----------------------------------------------------------------|-------|------------------------------------------------|------------------------------------------| | | 附 ...

(於開曼群島註冊成立之有限公司) 股份代號: 1872 2023 2023 年度報告 ANNUAL REPORT (Incorporated in the Cayman Islands with limited liability) Stock Code: 1872 Annual Report 2023 年度報告 C M Y CM MY CY CMY K 王漵寬先生 獨立非執行董事 周永東先生 許人傑先生 譚日健先生 ai171375002747_Guan Chao AR2023 Cover 17mm OP.pdf 1 22/4/2024 上午9:40 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 主席報告 | 4 | | 管理層討論與分析 | 6 | | 董事及高級管理層履歷 | 14 | | 企業管治報告 | 17 | | 董事會報告 | 28 | | 環境、社會及管治報告 | 40 | | 獨立核數師報告 | 68 | | 綜合全面收益表 | 73 | | 綜合財務狀況表 | 74 | | 綜合權益變動表 | 76 | | 綜合現金流量表 | 77 | | 綜合財務報 ...

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，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Guan Chao Holdings Limited 冠轈控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1872） 截至2023年12月31日止年度全年業績公告 冠轈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱「本集團」）截至2023年12月31日止年度之經審計綜合財務報表， 連同截至2022年12月31日止年度之比較數字。 – 1 – 本初步公告所載的以下的財務資料並不構成本集團截至2023年12月31日止年度 之綜合財務報表，而是摘錄自該等財務報表。有關綜合財務報表已經由本公司 審核委員會審閱。 綜合全面收益表 截至2023年12月31日止年度 | 截至12月31日止年度 | 2023年 | 2022年 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

(於開曼群島註冊成立之有限公司) 股份代號: 1872 2023 2023 中期報告 Interim Report (Incorporated in the Cayman Islands with limited liability) Stock Code: 1872 Interim Report 2023 中期報 告 C M Y CM MY CY CMY K ai169528058395_Guan Chao IR2023 Cover_5.5mm OP.pdf 1 21/9/2023 下午3:16 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 簡明綜合全面收益表 | 4 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 簡明綜合中期財務資料附註 | 9 | | 管理層討論與分析 | 28 | | 其他資料 | 37 | 1 冠轈控股有限公司 2023年中期報告 公司資料 執行董事 陳率堂先生 （主席兼行政總裁） 黃慧敏女士 孟禧臻女士 非執行董事 王漵寬先生 獨立非執行董事 周永東先生 許人傑先生 譚日健先生 ...

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，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Guan Chao Holdings Limited 冠 轈 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1872） 截至2023年6月30日止六個月 中期業績公告 冠轈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱「本集團」）截至2023年6月30日止六個月之未經審計簡明綜合 財務報表，連同2022年之相應期間比較數字。 ...

Revenue and Profit Performance - Revenue decreased by S$67.3 million or 27.3% from S$246.4 million in FY2021 to S$179.1 million in FY2022, primarily due to a S$67.7 million or 28.8% decrease in automotive sales[20] - Gross profit decreased by S$4.7 million from S$28.4 million in FY2021 to S$23.7 million in FY2022, mainly due to reduced gross profit from automotive sales[11] - Net profit and total comprehensive income decreased to S$5.0 million in FY2022 from S$10.0 million in FY2021, primarily due to reduced gross profit and increased general and administrative expenses[11] - Net profit decreased by SGD 5.0 million or 50.0% from SGD 10.0 million in FY2021 to SGD 5.0 million in FY2022, with net profit margin declining from 4.1% to 2.8%[44] - EBITDA decreased from SGD 17.221 million in FY2021 to SGD 11.846 million in FY2022, while adjusted EBITDA decreased from SGD 17.019 million to SGD 11.788 million[48] Automotive Sales Performance - New car sales decreased by S$46.4 million or 26.3%, with the number of new cars sold dropping from 1,358 in FY2021 to 731 in FY2022, despite an increase in average selling price from S$130,000 to S$178,000[21] - Used car sales decreased by S$21.3 million or 36.6%, with the number of used cars sold dropping from 865 in FY2021 to 371 in FY2022, despite an increase in average selling price from S$67,000 to S$100,000[21] - The company sold 731 new cars and 371 used cars in FY2022, a decrease of 46.2% and 57.1% respectively compared to FY2021[17] - Revenue from automotive financing services decreased by S$1.9 million or 24.4% from S$7.8 million in FY2021 to S$5.9 million in FY2022, mainly due to reduced financing arrangements as a result of decreased car sales[24] - Car sales gross profit decreased by SGD 3.3 million or 17.3% from SGD 19.1 million in FY2021 to SGD 15.8 million in FY2022, with gross margin increasing from 8.1% to 9.5%[32] Cost and Margin Analysis - Cost of sales decreased by SGD 62.8 million or 28.8% from SGD 218.1 million in FY2021 to SGD 155.3 million in FY2022, primarily due to a reduction in car sales costs[28] - Gross profit decreased by SGD 4.7 million or 16.5% from SGD 28.4 million in FY2021 to SGD 23.7 million in FY2022, while gross margin increased from 11.5% to 13.3%[29] - The overall gross profit margin increased from 11.5% in FY2021 to 13.3% in FY2022[11] - Net interest margin for car financing services increased from 5.3% in FY2021 to 5.8% in FY2022[33] Financial Position and Liquidity - Cash and bank balances decreased to SGD 5.5 million in 2022 from SGD 6.6 million in 2021[52] - Current ratio declined to 1.4 in 2022 from 2.3 in 2021, while debt-to-equity ratio increased to 117.7% from 75.3%[52] - Total borrowings increased to SGD 75.1 million in 2022 from SGD 44.3 million in 2021, partially secured by inventory, leased properties, vehicles, and receivables[54] - Capital expenditure for 2022 was SGD 20.8 million, primarily for property, plant, and equipment in Singapore, compared to SGD 5.4 million in 2021[55] Business Strategy and Outlook - The company expects continued challenges in the automotive sales business due to COVID-19 impacts and Singapore's Certificate of Entitlement (COE) quota tightening[12] - The company plans to focus on cost control, providing quality services, and maintaining good supplier relationships while consolidating its position in Singapore's automotive sales market[12] - Establishment of an auto workshop, originally planned for 2020, has been further delayed to 2023 due to COVID-19 impact on Singapore's economy[67] - Net proceeds from IPO amounted to HKD 52.9 million, with 45.8% allocated to expanding auto hire-purchase financing business and 30.2% to used car sales expansion[66][67] Corporate Governance and Board Structure - The company has adopted the Corporate Governance Code as set out in Appendix 14 of the Listing Rules, with deviations from Code Provisions A.2.1 and C.2.5[85] - The Chairman and CEO roles are combined and held by Mr. Chan, which the Board (including independent non-executive directors) believes is in the best interests of the Group and shareholders[85] - The company does not have an internal audit function but has an internal control system deemed effective by the Audit Committee and Board[85] - The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 of the Listing Rules[86] - All directors confirmed compliance with the Model Code for Securities Transactions during the reporting period[86] - The Board of Directors consists of seven members, with independent non-executive directors accounting for over one-third of the total[90] - The company has three independent non-executive directors, meeting the requirement of at least one-third of the board members and ensuring at least one has appropriate professional qualifications or accounting/financial management expertise[92] - All independent non-executive directors have provided written annual independence confirmations, confirming their independence as per Listing Rule 3.13[92] - The Audit Committee reviewed the Group's interim and annual financial statements, performance announcements, and reports, confirming compliance with applicable accounting standards and Listing Rules[101] - The Remuneration Committee is responsible for advising the Board on overall remuneration policies and structures for directors and senior management, and determining specific remuneration terms[102] - The Nomination Committee is tasked with recommending candidates to fill Board vacancies, considering diversity in gender, age, culture, education, professional qualifications, skills, knowledge, and industry experience[104][105] - Directors are required to participate in continuous professional development to ensure they remain well-informed and contribute effectively to the Board[95] - Directors must submit signed training records annually to the company[96] - The Audit Committee, Remuneration Committee, and Nomination Committee are each composed of three independent non-executive directors[99][102][103] - The Board and Audit Committee have no disagreements regarding the reappointment of auditors[101] - The company's board consists of 7 directors, including 3 independent non-executive directors, with 2 female directors, achieving gender diversity on the board[108] - The gender ratio of the company's workforce as of December 31, 2022, was 71.4% male and 28.6% female[108] Risk Management and Internal Controls - The company has a risk management and internal control system in place, which is reviewed at least annually to ensure its effectiveness[120] - The company employs an outsourced internal audit team to review the risk management and internal control systems of major operating units, identifying certain internal control weaknesses and risks[119] - The company's board has reviewed the effectiveness of the risk management and internal control systems and considers them to be effective and adequate[120] - The company adheres to the principles of the Securities and Futures Ordinance and listing rules regarding the disclosure of inside information, ensuring timely announcements after decisions are made[123] Financial and Operational Metrics - The company's distributable reserves as of December 31, 2022, were approximately SGD 5.9 million (2021: SGD 6.5 million)[157] - The largest supplier accounted for approximately 14.2% of the company's total vehicle purchase costs, while the top five suppliers accounted for 44.9%[159] - The largest customer contributed approximately 1.6% of the company's total revenue, while the top five customers accounted for 6.4%[159] - The company did not recommend paying a final dividend for the year ended December 31, 2022 (2021: none)[147] - The company made charitable donations of approximately SGD 0 in 2022 (2021: SGD 15,000)[160] - The company has adopted a dividend policy to distribute at least 15% of its distributable profits annually, subject to board discretion and shareholder approval[172] - The company emphasized environmental sustainability, focusing on paper recycling, reducing electricity and water consumption, and reported no significant environmental violations in 2022[148] - The company maintained strong relationships with employees, customers, and suppliers, ensuring competitive compensation, training opportunities, and quality standards[151] - The company's bank borrowings and issued share capital details are disclosed in the consolidated financial statements[154][155] - The company's directors and senior management profiles are detailed in the annual report[163] Share Option Plan - The total number of shares available for issuance under the share option plan and any other share option plans shall not exceed 90,000,000 shares, representing 10% of the total issued shares as of the date of this annual report[192] - No share options were granted, exercised, canceled, or lapsed under the share option plan during the year ended December 31, 2022[200] - As of December 31, 2022, the company had 90,000,000 share options granted and outstanding under the plan, representing approximately 10% of the issued share capital as of the report date[199] - The share options are exercisable during a ten-year period commencing from April 8, 2020, and will expire on the last business day of the option period or the date of plan expiration, whichever is earlier[199] - The minimum subscription price for the share options shall be the highest of the prices determined by the board on the grant date[199]

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，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Guan Chao Holdings Limited 冠 轈 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1872） 截至2022年12月31日止年度全年業績公告 冠轈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（統稱「本集團」）截至2022年12月31日止年度之經審計綜合財務報表， 連同截至2021年12月31日止年度之比較數字。 ...

(於開曼群島註冊成立之有限公司) 股份代號: 1872 2022 2022 中期報告 Interim Report (Incorporated in the Cayman Islands with limited liability) Stock Code: 1872 Interim Report 2022 中期報 公司資料 執行董事 陳率堂先生 （主席兼行政總裁） 黃慧敏女士 孟禧臻女士 非執行董事 王漵寬先生 告 C M Y CM MY CY CMY K ai166366691658_Guan Chao IR2022 Cover 5.5mm op.pdf 1 20/9/2022 下午5:41 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 簡明綜合全面收益表 | 4 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 簡明綜合中期財務資料附註 | 9 | | 管理層討論與分析 | 28 | | 其他資料 | 37 | 1 冠轈控股有限公司 2022年中期報告 獨立非執行董事 周永東先生 許人傑先生 譚日健先生 ...