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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Zhixin Group Holding Limited 智 欣 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2187） 截至二零二二年十二月三十一日止年度之 年度業績公告 智欣集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公 司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度之經 審核業績，連同截至二零二一年十二月三十一日止相應年度的比較數字如下： ...

Financial Management - The company utilized approximately RMB 88.8 million (equivalent to HKD 104.5 million) of unutilized proceeds for early repayment of loans as of June 30, 2021[2] - The total bank financing increased from approximately RMB 302 million as of December 31, 2020, to approximately RMB 319.5 million as of December 31, 2021, and further to approximately RMB 361.5 million as of June 30, 2022[5] - The company received a recommendation from a bank to repay three entrusted loans totaling RMB 68.8 million to enhance its unsecured credit limit[3]

Financial Performance - For the six months ended June 30, 2022, the company's revenue was approximately RMB 306.7 million, a decrease of about 4.4% compared to RMB 320.7 million for the same period in 2021[9]. - Gross profit for the same period decreased by approximately 33.2% to about RMB 36.1 million, down from RMB 54.0 million in the previous year[10]. - Net profit for the period was approximately RMB 530,000, representing a significant decrease of about 94.8% compared to RMB 10.2 million in the prior year[11]. - The gross margin and net margin for the period were approximately 11.8% and 0.2%, respectively[13]. - Revenue from ready-mixed concrete sales was RMB 217.3 million, a decrease of about 3.7% from RMB 225.7 million in the same period last year[21]. - Revenue from precast concrete components decreased by approximately 13.7% to about RMB 82.0 million compared to the previous year[9]. - Overall gross profit decreased by approximately 33.2% to RMB 36.1 million, with a gross profit margin of about 11.8%, down from 16.9% for the six months ended June 30, 2021[26]. - The gross profit from ready-mixed concrete decreased by approximately 33.0% to RMB 27.4 million, attributed to a decline in average selling prices and rising raw material costs[27]. - The gross profit from precast concrete components fell by approximately 60.3% to RMB 5.2 million, mainly due to project delays and increased sales costs[28]. - Other income decreased by approximately 10.4% to RMB 7.0 million, primarily due to a reduction in non-recurring government subsidies and incentives[30]. - Selling expenses increased by approximately 14.9% to RMB 13.9 million, mainly due to increased transportation costs for precast concrete components outside Xiamen, Fujian Province[34]. - Administrative expenses rose by approximately 27.9% to RMB 23.3 million, primarily due to increased employee costs[35]. - Net financing costs increased by approximately 5.3% to RMB 7.3 million, mainly due to higher interest expenses on bank borrowings[37]. - The company reported a net impairment loss reversal of RMB 4,534 thousand, compared to a reversal of RMB 2,032 thousand in the previous year[87]. - The company reported a profit attributable to owners of RMB 530,000 for the six months ended June 30, 2022, a decrease of 94.8% compared to RMB 10,221,000 for the same period in 2021[163]. Operational Developments - The company plans to expand production capacity to meet the anticipated increase in demand for precast concrete components[14]. - The company has successfully acquired land use rights for a new production facility, leading to the early termination of the lease for the precast concrete components production plant[13]. - The company remains optimistic about the precast concrete components industry due to favorable government policies promoting prefabricated construction[14]. - The company plans to continue expanding its operations in the recycling and brick manufacturing sectors, leveraging the acquisition of Ruitu Changjiang to enhance its market position[133]. Cash Flow and Financing - The company's current assets net value was approximately RMB 87.0 million as of June 30, 2022, down from RMB 89.4 million as of December 31, 2021[40]. - The debt-to-equity ratio increased to approximately 40.1% as of June 30, 2022, compared to 33.4% as of December 31, 2021[40]. - The company reported a decrease in cash and cash equivalents of RMB 76,811 thousand for the period, compared to an increase of RMB 51,190 thousand in the same period last year[97]. - Cash and cash equivalents dropped significantly to RMB 30,388 thousand from RMB 107,199 thousand, a decline of 71.7%[89]. - The company made payments for the acquisition of subsidiaries amounting to RMB 30,000 thousand, reflecting ongoing strategic investments[97]. - The company’s total cash outflow from operating activities was RMB 13,145 thousand, compared to an outflow of RMB 11,218 thousand in the previous year, indicating a slight increase in operational cash usage[97]. - The company’s financing costs, including interest paid, totaled RMB 7,285 thousand, compared to RMB 6,898 thousand in the previous year, showing an increase in financing expenses[97]. Shareholder Information - As of June 30, 2022, the company had a total of 748,000,000 shares issued, with major shareholders holding significant stakes: Zhixin Investment Holdings Limited at 36.73%, Yaohe Holdings Limited at 16.25%, and Huatai Securities Co., Ltd. at 14.12%[68][69]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022[77]. - The company has a commitment to transparency, with all published information available on its website[79]. Risk Management - The group faces various financial risks, including market risk (foreign exchange and interest rate risks), credit risk, and liquidity risk, with no use of derivative financial instruments for hedging during the period[116]. - The group assessed credit risk based on the financial condition of customers, historical experience, and macroeconomic factors, including the impact of COVID-19 on customer repayment capabilities[126]. - The group’s overall risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[116]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 1,247,760,000, with total liabilities of RMB 805,413,000, resulting in a net asset value of RMB 442,347,000[138]. - The total bank borrowings as of June 30, 2022, were RMB 342,780,000, compared to RMB 324,989,000 at the end of 2021, reflecting a slight increase of approximately 5.5%[189]. - The company’s property, plant, and equipment increased to RMB 240,833,000 as of June 30, 2022, from RMB 206,589,000 at the beginning of the year[167]. - The company’s capital reserves increased to RMB 127,135,000 as of June 30, 2022, from RMB 100,000,000 in 2021, representing a growth of 27.1%[183].

Financial Performance - The company's revenue for the fiscal year 2021 was approximately RMB 765.1 million, a decrease of about RMB 19.8 million or approximately 2.5% compared to RMB 784.9 million in fiscal year 2020[6] - Gross profit decreased from approximately RMB 152.5 million in fiscal year 2020 to approximately RMB 104.3 million in fiscal year 2021, representing a decline of about 31.6%[17] - Net profit fell from approximately RMB 62.6 million in fiscal year 2020 to approximately RMB 20.4 million in fiscal year 2021, a decrease of about 67.4%[6] - The gross margin and net margin for fiscal year 2021 were approximately 13.6% and 2.7%, respectively[6] - The sales revenue from ready-mixed concrete decreased from approximately RMB 537.4 million in fiscal year 2020 to approximately RMB 533.8 million in fiscal year 2021, a decline of about 0.7%[14] - The sales revenue from precast concrete components decreased from approximately RMB 247.5 million in fiscal year 2020 to approximately RMB 231.3 million in fiscal year 2021, a decline of about 6.5%[15] - The cost of sales increased from approximately RMB 632.4 million in fiscal year 2020 to approximately RMB 660.8 million in fiscal year 2021, an increase of about RMB 28.4 million or approximately 4.5%[16] - Other income rose from approximately RMB 49 million in FY2020 to approximately RMB 208 million in FY2021, representing an increase of about 324.5%[21] - Selling expenses decreased from approximately RMB 220 million in FY2020 to approximately RMB 196 million in FY2021, a reduction of about 10.9%[22] - Administrative expenses increased from approximately RMB 302 million in FY2020 to approximately RMB 436 million in FY2021, an increase of about 44.1%[23] - Net financing costs slightly decreased from approximately RMB 136 million in FY2020 to approximately RMB 130 million in FY2021, a decline of about 4.3%[24] - Income tax expenses decreased from approximately RMB 230 million in FY2020 to approximately RMB 131 million in FY2021, a reduction of about 43.0%[25] - The net profit for the year decreased from approximately RMB 626 million in FY2020 to approximately RMB 204 million in FY2021[28] Acquisitions and Expansion - The company successfully acquired land use rights adjacent to its existing production facility in August 2021, which will allow for new production lines and additional storage space for precast concrete components[6] - In November 2021, the company signed an agreement to conditionally acquire 100% equity of Ruitu Ming Sheng, expanding into solid waste processing and environmentally friendly building materials[7] - The company completed the acquisition of all equity interests in Rui Tu Ming Sheng in December 2021, which focuses on processing solid waste to produce and sell environmentally friendly building materials[36] - The company plans to expand its precast concrete component production capacity, with an allocation of HKD 199.6 million, of which HKD 7.1 million has been used[41] - The company has reallocated approximately HKD 4.7 million of unutilized proceeds for expanding precast concrete capacity due to a successful land acquisition[41] Shareholder Information - The largest customer accounted for approximately 15.9% of total revenue in the fiscal year 2021, while the top five customers represented about 40.4%[62] - The company does not recommend any final dividend for the fiscal year 2021, and future dividends will depend on various factors including market conditions and financial performance[52] - The company has no provisions for preemptive rights for existing shareholders regarding new shares under its articles or Cayman Islands law[66] - As of December 31, 2021, Mr. Ye Zhi Jie held 364,706,100 shares, representing approximately 48.76% of the company's issued share capital[76] - Mr. Huang Wen Gui held 121,568,700 shares, representing approximately 16.25% of the company's issued share capital[76] - The total number of issued shares as of the report date was 748,000,000[77] - The company has not established any arrangements that would allow directors or senior management to hold any interests in the company's shares during the fiscal year 2021[77] Corporate Governance - The company has confirmed the independence of all independent non-executive directors as per Listing Rule 3.13[72] - The service contracts for executive directors are for an initial term of three years, starting from March 4, 2021[73] - The company reported no arrangements that would allow directors to profit from the purchase of shares or debt securities during the fiscal year 2021[85] - There were no significant transactions, arrangements, or contracts in which directors had a substantial interest during the fiscal year 2021[86] - The company maintained compliance with all relevant laws and regulations, including the Cayman Islands Companies Law and listing rules, during the fiscal year 2021[95] - The audit committee reviewed the annual performance and financial statements of the group and the company for the year ended December 31, 2021[96] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the standard code[102] - There were no known incidents of non-compliance with the standards set forth in the code of conduct for directors during the fiscal year 2021[103] - The board is committed to establishing sound corporate governance principles and practices to protect shareholder interests and enhance corporate value[101] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[101] - The board of directors held one annual general meeting and six board meetings during the fiscal year 2021, with all directors attending all board meetings[126] - The audit committee, composed of three independent non-executive directors, held two meetings in the fiscal year 2021, with full attendance from its members[139] - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, each with specific written terms of reference[135] - The chairman and CEO roles are held by Mr. Ye Zhi Jie and Mr. Huang Wen Gui, respectively, ensuring a clear division of responsibilities[128] - The company has received annual written confirmations of independence from all independent non-executive directors, affirming their compliance with listing rules[131] - The company arranged training courses for all directors to enhance their knowledge and skills, covering topics such as corporate governance and regulatory updates[134] - The company has a policy for the appointment and re-election of directors, ensuring that one-third of the directors retire at each annual general meeting[132] - The audit committee is responsible for recommending the appointment and remuneration of external auditors, ensuring their independence and effectiveness[140] - The company has committed to continuous professional development for its directors, providing them with relevant reading materials and compliance handbooks[134] - The board regularly reviews the composition and contributions of its directors to ensure diversity and sustainability[126] - The company held two remuneration committee meetings in the fiscal year 2021, with attendance as follows: Huang Youling (0/1), Jiang Qinjian (1/1), Wang Duanxiu (2/2), Cai Huinong (2/2) [146] - The remuneration committee reviewed the remuneration of directors and senior management, with details disclosed in the financial statements notes 9 and 33 of the annual report [149] - The external auditor provided audit services for the fiscal year 2021, with total fees amounting to RMB 2,314,000, compared to RMB 3,020,000 in the previous year [162] - The company confirmed that there are no significant uncertainties affecting its business or doubts regarding its ability to continue as a going concern [160] - The company’s remuneration committee adopted the recommendations outlined in the corporate governance code E.1.2(c)(ii) [148] - The company’s nomination committee held two meetings in the fiscal year 2021, with attendance as follows: Cai Huinong (2/2), Wang Duanxiu (2/2), Huang Youling (0/1), Jiang Qinjian (1/1) [156] - The external auditor provided non-audit services in the previous year amounting to RMB 2,740,000, which were related to services provided for the share offering [162] - The company’s board of directors is responsible for preparing and presenting true and fair financial statements based on applicable statutory requirements [160] - The company’s nomination committee is responsible for evaluating the independence of independent non-executive directors [157] - The company’s joint company secretary received no less than 15 hours of relevant professional training as required by the listing rules [164] Risk Management and ESG - The company has adopted a risk management and internal control framework based on the internationally recognized framework issued by the Committee of Sponsoring Organizations, ensuring effective management of significant financial, operational, and compliance risks[166] - An independent internal control consulting firm was engaged to review key business processes and internal control systems, with findings and recommendations submitted to the board and audit committee[171] - The board believes that the existing risk management and internal control systems are adequate and effective in managing significant risks associated with financial, operational, and compliance matters[174] - The company has reported a comprehensive environmental, social, and governance (ESG) report for the fiscal year 2021, covering the period from January 1, 2021, to December 31, 2021[194] - The board of directors is responsible for identifying and assessing ESG-related risks and determining the strategies and scope for ESG initiatives[195] - An ESG working group has been established, consisting of four members, including the chairman of the audit committee, CEO, COO, and an executive director, to implement ESG measures and monitor related data[195] - The company has complied with the "comply or explain" provisions of the ESG reporting guidelines for the fiscal year 2020[194] - The ESG working group is required to hold meetings at least once a year to ensure active participation in ESG matters[197] - The company has a structured approach to managing ESG risks, including risk management and internal control systems[195] - The ESG report has been approved by the board, confirming that it fairly presents the company's management methods and performance in ESG matters[194] - The company has established a comprehensive index for compliance with ESG reporting guidelines for reference[194] - The company is committed to continuous monitoring and improvement of its ESG performance through data collection and analysis[196] - The board has the authority to engage experts to assist in researching and preparing ESG-related matters, with costs borne by the company[198]

Financial Performance - The company's revenue for the six months ended June 30, 2021, was approximately RMB 320.7 million, an increase of about 13.3% compared to RMB 283.1 million for the same period in 2020[10]. - Gross profit increased by approximately 21.8% to about RMB 54.0 million, with a gross margin of approximately 16.9%[11][20]. - Net profit for the period was approximately RMB 10.2 million, representing a significant increase of about 42.9% from RMB 7.2 million in the same period last year[12][20]. - Revenue from ready-mixed concrete sales was RMB 225.7 million, a 5.3% increase from RMB 214.3 million in the previous year[23]. - Revenue from precast concrete components surged by approximately 38.0% to RMB 95.0 million, up from RMB 68.8 million in the prior year[24]. - Overall gross profit rose by approximately RMB 9.7 million or about 21.8% to RMB 54.0 million, with gross margin increasing to approximately 16.9% from 15.7%[28]. - Ready-mixed concrete gross profit increased by approximately 46.6% to RMB 40.9 million, with gross margin rising to approximately 18.1% from 13.0%[29]. - Prefabricated concrete components gross profit decreased by approximately 20.2% to RMB 13.1 million, with gross margin dropping to approximately 13.8% from 23.9%[30]. - The net profit attributable to the company's owners was RMB 10,221,000, a rise of 42.9% from RMB 7,154,000 in 2020[106]. - Basic earnings per share increased to RMB 0.015, compared to RMB 0.013 in the same period last year[106]. Expenses and Costs - Sales cost increased by approximately RMB 27.9 million or about 11.7% to RMB 266.6 million, primarily due to increased sales volume and rising steel prices[25]. - Selling expenses increased by approximately 53.6% to RMB 12.1 million, primarily due to increased transportation costs from sales outside Xiamen[32]. - Administrative expenses rose by approximately 29.8% to RMB 18.2 million, attributed to overall salary increases for administrative staff[33]. - The company incurred approximately RMB 9.5 million in listing expenses after successfully listing on the main board of the Stock Exchange on March 26, 2021[11]. - The company incurred financing costs of RMB (9,520,000), which contributed to the net loss for the period[174]. Assets and Liabilities - As of June 30, 2021, the group's current assets net value was approximately RMB 278.8 million, up from RMB 61.9 million at the end of 2020[41]. - Total assets as of June 30, 2021, amounted to RMB 905,805,000, an increase from RMB 808,323,000 at the end of 2020[109]. - Total liabilities decreased to RMB 474,165,000 from RMB 641,354,000 at the end of 2020, indicating improved financial health[112]. - The total carrying amount of trade receivables as of June 30, 2021, is RMB 513,103,000, with an expected loss provision totaling RMB 3,140,000[156]. - The total financial liabilities as of June 30, 2021, amount to RMB 462,885,000, with RMB 404,524,000 due within 1 year[160]. - The company’s borrowings (including interest payable) total RMB 213,034,000 as of June 30, 2021[160]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2021, was RMB (129,587) thousand, compared to RMB (18,685) thousand for the same period in 2020, indicating a significant increase in cash outflow[123]. - Cash used in investing activities was RMB (10,998) thousand for the first half of 2021, up from RMB (5,083) thousand in the same period of 2020, reflecting increased investment efforts[123]. - Cash inflow from financing activities amounted to RMB 191,775 thousand for the six months ended June 30, 2021, compared to RMB 28,976 thousand in the prior year, showing a substantial increase in financing[123]. - The net increase in cash and cash equivalents was RMB 51,190 thousand for the first half of 2021, compared to RMB 5,208 thousand in the same period of 2020, indicating improved liquidity[123]. - The company reported a cash balance of RMB 81,675 thousand at the end of June 2021, compared to RMB 21,352 thousand at the end of June 2020, reflecting a strong cash position[123]. Market Position and Future Outlook - The company aims to expand production capacity to meet the rising demand for precast concrete components, driven by favorable government policies promoting prefabricated construction[15]. - The company is optimistic about the future of the precast concrete components industry, bolstered by government initiatives to accelerate the upgrade of the construction sector in China[15]. - The board is optimistic about business growth in the second half of 2021, driven by government policies supporting prefabricated construction in China[61]. - The group plans to leverage funds from the share sale to expand production capacity and increase market share in the rapidly growing precast concrete component industry in China[61]. - The company is committed to consolidating its leading market position in Fujian Province to maximize returns for shareholders[15]. Shareholder Information - Major shareholders include Zhixin Investment Holdings Limited with 364,706,100 shares (48.76%) and Luohe Holdings Limited with 121,568,700 shares (16.25%) as of the report date[77]. - The total number of issued shares is 748,000,000, which is the basis for calculating the percentage of shareholdings[78]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021[94]. - The company is committed to providing timely and accurate information to shareholders and investors through various reports and announcements[95]. - The company’s website is a resource for all published information, ensuring transparency for stakeholders[95]. Compliance and Governance - The independent auditor reviewed the interim financial statements for the six months ended June 30, 2021, confirming compliance with relevant accounting standards[89]. - The independent auditor's review did not reveal any issues that would suggest the financial data was not prepared in accordance with the relevant standards[99]. - There were no changes in directors or any other disclosures required under the listing rules during the reporting period[86]. - The company reported no interests from directors in any competing businesses as of June 30, 2021[87]. - The company’s financial statements are prepared in accordance with Hong Kong Accounting Standards, specifically HKAS 34 for interim financial reporting[99].

Financial Performance - The company recorded revenue of approximately RMB 784.9 million for the fiscal year 2020, an increase of about RMB 194.1 million or approximately 32.9% compared to RMB 590.8 million in the previous year[9] - Gross profit increased from approximately RMB 114.4 million in the previous year to approximately RMB 152.5 million, representing a year-on-year growth of about 33.3%[9] - Net profit rose from approximately RMB 41.8 million to approximately RMB 62.6 million, marking an increase of about 49.8%[9] - The gross margin and net profit margin for the fiscal year 2020 were approximately 19.4% and 8.0%, respectively[10] - Revenue from ready-mixed concrete increased by approximately 20.3% to about RMB 537.4 million, driven by higher sales volume and average selling prices[16] - Revenue from precast concrete components surged by approximately 71.9% to about RMB 247.5 million, primarily due to increased sales volume and average selling prices of other construction components[17] - The total cost of sales for the fiscal year 2020 was approximately RMB 632.4 million, attributed to increased sales volume and reliance on outsourced labor for production[18] - Other income rose by approximately RMB 1.3 million or about 33.9% from approximately RMB 3.7 million for the year ended December 31, 2019, to approximately RMB 4.9 million for the fiscal year 2020, mainly due to an increase in non-recurring government subsidies and incentives[25] Expenses and Costs - Selling expenses increased by approximately RMB 8.3 million or about 60.8% from approximately RMB 13.7 million for the year ended December 31, 2019, to approximately RMB 22.0 million for the fiscal year 2020, primarily due to increased transportation costs from sales of precast concrete components outside Xiamen, Fujian Province[26] - Administrative expenses increased by approximately RMB 2.1 million or about 7.3% from approximately RMB 28.2 million for the year ended December 31, 2019, to approximately RMB 30.2 million for the fiscal year 2020, mainly due to overall salary increases for administrative staff and performance bonuses linked to production[27] - Net financing costs increased by approximately RMB 4.9 million or about 55.6% from approximately RMB 8.7 million for the year ended December 31, 2019, to approximately RMB 13.6 million for the fiscal year 2020, primarily due to additional bank borrowings of RMB 37.5 million and three entrusted loans totaling approximately RMB 68.8 million obtained in Q4 2019[28] Assets and Liabilities - As of December 31, 2020, the group's current assets net value was approximately RMB 61.9 million, compared to approximately RMB 2.4 million as of December 31, 2019, with cash and cash equivalents of approximately RMB 30.5 million, up from approximately RMB 16.1 million[33] - The debt-to-equity ratio as of December 31, 2020, was approximately 152.8%, down from 208.0% as of December 31, 2019[33] Strategic Plans and Market Outlook - The company aims to strengthen its market leadership in Fujian Province and expand its business scale, particularly in the precast concrete components sector, to achieve sustainable growth[11] - The company is optimistic about the precast concrete components industry, driven by government policies promoting prefabricated construction[11] - The company plans to enhance its capital structure through share sales to accelerate production capacity expansion in response to anticipated demand growth[11] - The company aims to continue expanding its operational scale and market share in the rapidly growing precast concrete components industry in China, supported by favorable government policies and funding from the share sale[49] Customer and Supplier Concentration - The largest customer accounted for approximately 18.6% of total revenue for the fiscal year 2020, while the top five customers represented about 41.6% of total revenue[70] - The largest supplier contributed approximately 17.9% of total purchases, with the top five suppliers accounting for around 54.8% of total purchases in fiscal year 2020[70] Dividend Policy - The company does not have a dividend policy, and future dividends will be declared at the discretion of the board based on various factors including market conditions and financial performance[58] - The company reported no distributable reserves available for distribution to shareholders as of December 31, 2020[66] - The board does not recommend the payment of any final dividend for the fiscal year 2020[57] Corporate Governance - The company is committed to environmental protection and sustainable development, implementing green office measures to reduce energy consumption[125] - The board of directors has reviewed and believes that the company has applied the principles of the corporate governance code during the fiscal year 2020[132] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the standards set forth[133] - The board is responsible for strategic planning and ensuring sustainable development, with a focus on maintaining diversity among board members[139] - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, each with specific written terms of reference[163] - The audit committee is responsible for overseeing the integrity of the financial statements and compliance with accounting standards and regulations[5] - The company has established a risk management and internal control system, ensuring adequate resources and training for staff involved in financial reporting[8] - The company has adopted the recommended code of corporate governance as outlined in the guidelines[181] Risk Management - The company faces significant risks including cash flow mismatches, credit risk from trade receivables, and seasonal demand fluctuations for concrete products[63] - The company has a clear division of responsibilities between the chairman and the CEO to ensure a balance of power[151] - The company has established policies and procedures to identify, assess, and monitor key risks related to financial, operational, and compliance activities[198] - Key risks are identified and assessed based on their significance and likelihood of occurrence[200] Shareholder Information - The company has a total of 748,000,000 shares issued as of December 31, 2020[98] - Mr. Ye Zhi Jie holds 364,706,100 shares, representing 48.76% of the company's issued share capital[104] - Mr. Huang Wen Gui owns 121,568,700 shares, accounting for 16.25% of the company's issued share capital[104] - The company has a total of 74,725,200 shares held by Chen Man Hong, representing 9.99% of the issued share capital[104] - The company has no knowledge of any other individuals outside of directors and senior management holding interests in the company's shares that require disclosure[113] Compliance and Training - All directors have participated in training courses to enhance their knowledge and skills related to corporate governance and compliance[162] - The company has not been made aware of any incidents of non-compliance with the standards of conduct by directors and employees[134] - The company has not engaged in any related party transactions that require disclosure under the listing rules for the fiscal year 2020[71]