MAN KING HOLD(02193)

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万景控股(02193) - 致非登记股东 - 通知信函及申请表格
2024-12-30 08:42
MAN KING HOLDINGS LIMITED 萬景控股有限公司 (Incorporated in the Cayman Islands with limited liability) NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) , 30 December 2024 MAN KING HOLDINGS LIMITED (the "Company") - Notification of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at (https://www.manking.com.hk) and the website of The Stock Exchange of Hong ...
万景控股(02193) - 致登记股东 - 通知信函及回条
2024-12-30 08:39
(Stock Code 股份代號:2193) NOTIFICATION LETTER 通知信函 Dear Registered Shareholders. MAN KING HOLDINGS LIMITED (the "Company") – Notice of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at (https://www.manking.com.hk) and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at (www.hkexnews.hk) respectively (the "Website Version"). The Co ...
万景控股(02193) - 2025 - 中期财报
2024-12-30 08:36
Financial Performance - The company reported a net profit attributable to shareholders of HKD 6,744 for the six months ended September 30, 2024, a slight increase of 0.4% from HKD 6,716 in the same period last year[26]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were HKD 1.61, compared to HKD 1.60 for the same period in 2023[26]. - Revenue for the six months ended September 30, 2024, was approximately HKD 186.7 million, a slight increase of about 4.5% compared to approximately HKD 178.7 million for the same period last year[102]. - Adjusted net profit for the period, excluding one-time impairment of financial assets, was approximately HKD 16.2 million, representing a growth of about 141% compared to the same period last year[107]. - Gross profit for the six months ended September 30, 2024, was approximately HKD 14.2 million, up from HKD 5.6 million in the same period last year[77]. - Gross profit margin improved from approximately 3.1% for the six months ended September 30, 2023, to approximately 7.6% for the same period in 2024, driven by an increase in certified projects[102]. - The group recorded a net other income of approximately HKD 295,000 for the six months ended September 30, 2024, compared to a net loss of approximately HKD 283,000 for the same period last year[103]. - Other income for the six months ended September 30, 2024, was approximately HKD 3.8 million, compared to HKD 4.1 million for the same period last year[102]. Cash and Liquidity - As of September 30, 2024, the company's cash and cash equivalents amounted to HKD 171,134, an increase of 11.5% from HKD 153,853 as of March 31, 2024[4]. - Cash and cash equivalents at the end of the period were HKD 171,134,000, down from HKD 196,275,000, a decrease of approximately 12.8%[182]. - The company reported a net cash inflow from investing activities of HKD 18,994,000, compared to HKD 12,216,000 in the previous period, an increase of 55.5%[180]. - The company’s bank deposits maturing after three months amounted to HKD 20,728, a decrease of 6.8% from HKD 22,245 as of March 31, 2024[4]. - As of September 30, 2024, the net current assets increased by 7.9% from approximately HKD 141.0 million to approximately HKD 152.1 million, primarily due to an increase in cash and cash equivalents[123]. - As of September 30, 2024, the group had unused bank borrowing facilities of approximately HKD 24.0 million, an increase from HKD 20.7 million on March 31, 2024[111]. Liabilities and Equity - Total liabilities as of September 30, 2024, included trade payables of HKD 29,504 and retention payables of HKD 29,873[6]. - Trade payables decreased to HKD 29,504 as of September 30, 2024, down 27% from HKD 40,353 as of March 31, 2024[6]. - The group’s debt-to-equity ratio was approximately 1.8% as of September 30, 2024, up from 0.2% as of March 31, 2024[125]. - The total equity of the group was approximately HKD 278.5 million as of September 30, 2024, compared to HKD 272.4 million on March 31, 2024[112]. - The company recorded a decrease in trade and other payables to HKD 71,047,000 from HKD 88,162,000, a reduction of approximately 19.4%[188]. - The company’s retained earnings rose to HKD 206,528,000 from HKD 199,784,000, an increase of about 3.7%[188]. Employee and Administrative Expenses - Total employee benefits expenses for the six months ended September 30, 2024, were HKD 38,701, an increase of 2.5% from HKD 37,743 in the previous year[23]. - The employee cost for the six months ended September 30, 2024, amounted to HKD 34.0 million, compared to HKD 33.9 million for the same period in 2023[160]. - Administrative expenses remained stable at approximately HKD 13.2 million and HKD 13.9 million for the six months ended September 30, 2024, and 2023, respectively[92]. - The group had a total of 170 full-time employees as of September 30, 2024, an increase from 167 employees as of March 31, 2024[160]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, except for the separation of roles between the chairman and CEO[154]. - The company has complied with the corporate governance code throughout the reporting period[154]. - The independent auditor has reviewed the interim financial information for the six months ended September 30, 2024, but does not express an audit opinion[162]. - There have been no significant changes in risk management policies since the year-end[197]. Future Outlook and Strategy - The company is actively exploring diversification opportunities to reduce reliance on government contracts[74]. - The management remains optimistic about the future despite current economic challenges, focusing on innovative solutions to enhance project efficiency and cost-effectiveness[88]. - The group is preparing to maintain growth and contribute to important infrastructure projects despite recent economic deterioration[89]. Investments and Acquisitions - The total investment in Ruijing Management Holdings Limited was approximately HKD 96.7 million, with a 20.3% equity stake[130]. - The group recognized a share of profit from Ruijing of approximately HKD 10.9 million and received cash dividends of approximately HKD 13.1 million[130]. - No significant acquisitions or disposals of subsidiaries or associates occurred during the six months ended September 30, 2024[131]. - The company repurchased a total of 224,000 shares at a total cost of approximately HKD 41,000 during the six months ended September 30, 2024[145]. - The group had no outstanding performance guarantees as of September 30, 2024, compared to HKD 3.3 million as of March 31, 2024[127]. Project and Operational Updates - The group has seven ongoing projects with an estimated remaining contract value of approximately HKD 636.4 million[72]. - The group's share of profit from the Pakistan "Belt and Road" project was approximately HKD 10.9 million for the six months ended September 30, 2024, compared to HKD 9.5 million in the previous year[72]. - The group has implemented monitoring procedures to ensure appropriate follow-up actions are taken to recover overdue debts related to the Kai Tak Development project[93].
万景控股(02193) - 2025 - 中期业绩
2024-11-28 12:37
Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HKD 186.7 million, an increase from HKD 178.7 million in the same period last year[2] - Profit attributable to the company's owners for the same period was HKD 6.7 million, compared to HKD 6.7 million in the previous year, indicating stable performance[6] - Basic earnings per share for the period was HKD 1.61, slightly up from HKD 1.60 year-on-year[5] - The group reported total revenue of HKD 3,762,000 for the six months ended September 30, 2024, compared to HKD 4,100,000 for the same period in 2023, reflecting a decrease of approximately 8.3%[27] - The group recorded a basic earnings per share of HKD 1.61 for the six months ended September 30, 2024, compared to HKD 1.60 for the same period in 2023, indicating a slight increase[33] - Net profit for the six months ended September 30, 2024, was approximately HKD 6.74 million, slightly up from HKD 6.72 million in 2023, while adjusted net profit excluding one-time impairment increased by approximately 141% to HKD 16.17 million[65] Assets and Equity - The company's total assets as of September 30, 2024, were HKD 396.4 million, down from HKD 412.8 million as of March 31, 2024[8] - Total equity attributable to the company's owners increased to HKD 278.5 million from HKD 272.4 million, indicating a strengthening balance sheet[11] - Cash and cash equivalents increased to HKD 171.1 million from HKD 153.9 million, reflecting improved liquidity[8] - Trade receivables as of September 30, 2024, were HKD 23.97 million, down from HKD 34.97 million as of March 31, 2024[38] - Trade payables as of September 30, 2024, were HKD 29.50 million, down from HKD 40.35 million as of March 31, 2024[46] - The group's total equity was approximately HKD 278.5 million as of September 30, 2024, up from HKD 272.4 million as of March 31, 2024[69] Profitability and Expenses - The company reported a gross profit of HKD 14.2 million, up from HKD 5.6 million in the previous year, showing a significant improvement in profitability[6] - Administrative expenses decreased to HKD 13.2 million from HKD 13.9 million, indicating cost control measures[6] - The group’s employee benefit expenses increased to HKD 38,701,000 in 2024 from HKD 37,743,000 in 2023, representing an increase of about 2.5%[28] - The group’s construction material costs decreased significantly to HKD 9,714,000 in 2024 from HKD 18,661,000 in 2023, a reduction of about 48.0%[28] - Administrative expenses remained stable at approximately HKD 13.2 million and HKD 13.9 million for the six months ended September 30, 2024, and 2023 respectively[58] Joint Ventures and Other Income - The share of profit from associates was HKD 10.9 million, an increase from HKD 9.5 million year-on-year, reflecting better performance from joint ventures[6] - The group recorded a share of profit of approximately HKD 10.9 million from a Pakistan "Belt and Road" project for the six months ended September 30, 2024, compared to HKD 9.5 million for the same period last year[52] - Other income for the six months ended September 30, 2024, was approximately HKD 3.8 million, compared to HKD 4.1 million for the same period last year[56] - The group recorded a net other income of approximately HKD 295,000 for the six months ended September 30, 2024, compared to a net other loss of approximately HKD 283,000 for the same period last year[57] Future Outlook and Management Strategy - The company has not disclosed specific future outlook or guidance in the provided content[2] - The management team is optimistic about future prospects and is actively adjusting strategies to address financial constraints and regulatory changes[75] - The company is exploring diversification opportunities to reduce reliance on government contracts[76] - The management is committed to contributing to important infrastructure projects that benefit society[78] Financial Health and Debt - The debt-to-equity ratio was approximately 1.8% as of September 30, 2024, significantly increased from 0.2% as of March 31, 2024[69] - The company has maintained a strong cash flow and low debt ratio, ensuring competitiveness despite recent economic challenges[78] Shareholder Returns - The group does not recommend the payment of an interim dividend for the six months ended September 30, 2024[49] - The board has resolved not to declare any interim dividends for the six months ending September 30, 2024[88] Miscellaneous - The company has reviewed the unaudited interim financial information for the six months ending September 30, 2024[89] - The interim report will be published on the company's website and the Hong Kong Stock Exchange website, containing all information required by the listing rules[91] - No significant acquisitions or disposals of subsidiaries and associates were reported as of September 30, 2024[81] - The company repurchased a total of 224,000 shares at prices ranging from HKD 0.175 to HKD 0.189, totaling approximately HKD 41,000[82] - The group has seven ongoing projects and several completed projects for which the final contract amounts have not yet been received, with the estimated remaining contract value totaling approximately HKD 636.4 million[51]
万景控股(02193) - 董事会会议召开日期
2024-11-13 09:05
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,概不對因本告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 MAN KING HOLDINGS LIMITED 萬景控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號:2193) 盧源昌 香港,二零二四年十一月十三日 於本公告日期,董事會包括執行董事盧源昌先生及盧奕昌先生;非執行董事陳惠英女士;以 及獨立非執行董事梁威達先生、勞敏慈教授、周懷蓉女士及蘇其威先生。 董事會會議召開日期 萬景控股有限公司(「本公司」)董事會(「董事會」)謹此宣佈,本公司將於二零二四年 十一月二十八日(星期四)在香港九龍旺角塘尾道 18 號嘉禮大廈 10 樓 D 室舉行董事會會 議,其中議程包括考慮及批准本公司及其附屬公司截至二零二四年九月三十日止六個月期間 之中期業績及其發佈,及考慮派發中期股息之建議(如有),並處理其他事項。 承董事會命 萬景控股有限公司 主席及執行董事 ...
万景控股(02193) - 2024 - 年度财报
2024-07-26 14:00
Financial Performance - The company's revenue for the year ended March 31, 2024, was approximately HKD 338.5 million, a decrease of about 25.2% compared to HKD 452.8 million in the previous fiscal year[17]. - The gross loss for the year was approximately HKD 26.6 million, with a gross loss margin of 7.9%, compared to a gross profit of HKD 69.6 million and a gross profit margin of 15.4% in the previous year[17]. - The company recorded a net loss of approximately HKD 22.7 million for the year, compared to a net profit of HKD 42.1 million in the previous fiscal year[25]. - Total assets decreased by approximately 12.4% from HKD 310.8 million to HKD 272.4 million as of March 31, 2024[26]. - Cash and cash equivalents were approximately HKD 153.9 million, down from HKD 235.3 million in the previous year[27]. - The company's debt-to-equity ratio was approximately 0.2% as of March 31, 2024, compared to 0.7% in the previous year[30]. - Other income increased to approximately HKD 8.98 million from HKD 3.09 million, primarily due to an increase in bank interest income of about HKD 4.89 million[18]. - The share of profits from associates was approximately HKD 20.1 million, an increase from HKD 13.2 million in the previous year[22]. - The group received dividends totaling approximately HKD 18.2 million from Rich Partner Global Limited, compared to HKD 5.6 million in the previous year[39]. Operational Challenges - The company is facing challenges such as rising bid prices, supply chain resource competition, and labor shortages[10]. - The group faced a decrease in revenue and incurred a net loss due to several construction projects being in temporary works stages, leading to reduced certified work volumes[38]. - The company continues to strengthen cost control measures and resource management policies to maintain market competitiveness[6]. - The company is actively participating in multiple contract bids and maintains a cautiously optimistic outlook for future market conditions[10]. Employee Management - The company has maintained a stable employee turnover rate over the past two years despite labor shortages in the construction industry[8]. - The total employee cost for the year ending March 31, 2024, was approximately HKD 76.9 million, a decrease from HKD 78.9 million in the previous year[83]. - The company had a total of 167 full-time employees as of March 31, 2024, down from 177 in the previous year[83]. - The employee compensation policy is based on performance, qualifications, and market levels, ensuring appropriate remuneration for all employees[83]. - The overall employee gender ratio as of March 31, 2024, is 20.2% female and 79.8% male, indicating a reasonable level of gender diversity in the workforce[163]. Corporate Governance - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring independent judgment in discussions[130]. - The independent non-executive directors have confirmed their independence according to the Hong Kong Stock Exchange listing rules[78]. - The board is committed to maintaining high standards of corporate governance, adhering to the corporate governance code as per the listing rules, with one exception regarding the separation of roles between the chairman and CEO[125]. - The company has established a mechanism to ensure independent viewpoints are obtained, with annual evaluations of board performance conducted anonymously[132]. - The company has received annual written confirmations of independence from all independent non-executive directors[132]. Environmental Management - The company is committed to reducing its operational negative impact on the environment and has obtained ISO 14001:2015 certification for its environmental management system[189]. - The company has implemented comprehensive water quality mitigation measures to comply with water pollution control regulations, focusing on water conservation and discharge quality[194]. - The company has established waste mitigation measures for various types of construction waste, including concrete and metal templates, to reduce waste generation[197]. - The company has successfully repurposed a significant amount of wood waste from projects for gardening purposes, enhancing operational efficiency and financial benefits[200]. - The company has set up chemical storage areas to prevent accidental leaks and ensure proper handling of chemical waste[200]. Future Outlook - The company aims to leverage its strong capital structure to optimize construction services and explore new business channels[7]. - The group is optimistic about the construction industry in Hong Kong despite facing challenges such as labor shortages and strict occupational safety regulations[40]. - The company plans to purchase more electric vehicles to further reduce gasoline consumption and lower emission levels[191]. - The company aims to achieve a zero-accident work environment and has established a solid safety, health, and environmental committee to manage these matters effectively[158].
万景控股(02193) - 2024 - 年度业绩
2024-06-26 14:00
| --- | --- | --- | --- | |-------|--------------------------------------------|---------------------|-------------------| | | | | | | | | | | | | | 二零二四年 千港元 | 二零二三年 千港元 | | | 按公平值透過損益入賬之金融資產之公平值變動 | 141 | (570) | | | 匯兌收益淨額 | –* | 30 | | | 出 售 物 業、廠 房 及 設 備 虧 損 | (107) | (29) | | | 提前終止租賃收益 | 6 | – | | | | | | | | | 40 | (569) | | * | 結 餘 約 整 至 最 接 近 千 位。 | | | | --- | --- | --- | |---------------------------------------------------------|-----------------------|---------------------| | | 二零二四年 \n千港元 | 二零 ...
万景控股(02193) - 2024 - 中期财报
2023-12-15 09:04
Financial Performance - The company's revenue for the six months ended September 30, 2023, was approximately HKD 178.7 million, a decrease of about 23.7% compared to HKD 234.1 million for the same period last year[13]. - Gross profit for the same period was approximately HKD 5.6 million, down from HKD 43.5 million, resulting in a gross margin decrease from 18.6% to 3.1%[13]. - The group's net profit for the six months ended September 30, 2023, was approximately HKD 6.7 million, down from approximately HKD 30.6 million in the same period last year, reflecting a decrease of 78.1% primarily due to reduced gross profit from construction projects[21]. - Basic and diluted earnings per share for the period were HKD 1.60, down from HKD 7.29 in the same period last year[64]. - The total comprehensive income for the period was HKD 7,141,000, down from HKD 32,748,000 in the previous year, indicating a decline of about 78.2%[68]. - The company reported a net profit of HKD 6,716,000 for the six months ended September 30, 2023, compared to HKD 30,585,000 for the same period in 2022, representing a decrease of approximately 78.0%[68]. Project and Contract Updates - The company has nine ongoing projects and several completed projects pending final contract amounts, with an estimated remaining contract value of approximately HKD 869.5 million[6]. - The company was awarded a new public drainage contract in November 2023, valued at approximately HKD 223 million[7]. - The share of profit from the Pakistan "Belt and Road" project was approximately HKD 9.5 million, an increase of about 41.8% from HKD 6.7 million in the previous period[9]. - The group's share of profits from the joint venture in Pakistan amounted to approximately HKD 9,524,000 for the six months ended September 30, 2023, compared to HKD 6,715,000 in the same period last year, representing an increase of 41.8%[19]. Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2023, were approximately HKD 196.3 million, down from HKD 235.3 million as of March 31, 2023, indicating a decrease of 16.6%[24]. - Cash flow from operating activities showed a net outflow of HKD 31,564,000, contrasting with a net inflow of HKD 30,486,000 in the prior year, marking a significant change in cash flow dynamics[71]. - The company experienced a net cash inflow from investing activities of HKD 12,216,000, compared to a net outflow of HKD 30,000 in the previous year, highlighting improved investment cash flow management[74]. - The company's cash and cash equivalents decreased by HKD 39,051,000, ending the period at HKD 196,275,000, compared to HKD 164,152,000 at the end of the previous year[74]. Expenses and Costs - Administrative expenses remained stable at approximately HKD 13.9 million compared to HKD 13.8 million in the previous year[17]. - Employee costs for the six months amounted to HKD 33.9 million, a decrease of 5.6% from HKD 35.9 million in 2022[55]. - The company's construction material costs increased to HKD 18,661,000 for the six months ended September 30, 2023, compared to HKD 17,993,000 in the previous year[107]. - Employee benefit expenses decreased to HKD 37,743,000 for the six months ended September 30, 2023, down from HKD 39,570,000 in the previous year[107]. Assets and Liabilities - Total assets as of September 30, 2023, were HKD 430.389 million, down from HKD 461.531 million as of March 31, 2023[65]. - Total liabilities decreased to HKD 127.105 million from HKD 150.694 million as of March 31, 2023[67]. - The group's net asset value slightly decreased by 2.4% from approximately HKD 310.8 million as of March 31, 2023, to approximately HKD 303.3 million as of September 30, 2023[23]. - The total liabilities related to trade payables and other payables were HKD 78,240,000 as of September 30, 2023, down from HKD 87,734,000, a decrease of about 10.8%[138]. Strategic Initiatives - The company will adopt a more cautious approach to new investments in light of the ongoing global economic challenges[10]. - The company aims to explore potential business opportunities to maximize returns for stakeholders[11]. - The company continues to focus on restructuring efforts, which include diversifying investments between operating subsidiaries and holding companies, as part of its strategic initiatives[68]. Dividends and Shareholder Information - The board has resolved not to declare any interim dividend for the six months ending September 30, 2023[51]. - The company declared a final dividend of HKD 14,694,000 for the year ended March 31, 2023, consistent with the previous year, while no interim dividend was proposed for the six months ended September 30, 2023[143]. - The company has a total of 300,372,000 shares, representing 71.55% of the issued share capital held by LOs Brothers (PTC) Limited[41]. Financial Management - The company has maintained its financial risk management policies without any changes since the end of the last financial year[92]. - The weighted average interest rate on bank borrowings increased to 6.7% per annum as of September 30, 2023, compared to 5.1% per annum as of March 31, 2023[141]. - The company has not identified any new accounting standards that are expected to have a significant impact on its financial statements in the foreseeable future[89].
万景控股(02193) - 2024 - 中期业绩
2023-11-28 12:16
香港交易及結算所有限公司及香港聯合交易所有限公司(「聯交所」)對本公佈 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 因本公佈全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承 擔任何責任。 MAN KING HOLDINGS LIMITED 萬 景 控 股 有 限 公 司 (於 開 曼 群 島 註 冊 成 立 之 有 限 公 司) (股 份 代 號:2193) 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 財務表現摘要 收益 178.7百萬港元 本公司擁有人應佔溢利 6.7百萬港元 每股基本盈利 1.60港仙 本公司擁有人應佔每股權益 0.72港元 ...
万景控股(02193) - 2023 - 年度财报
2023-07-28 08:41
Financial Performance - The company achieved a record revenue of HKD 452.8 million for the fiscal year ending March 31, 2023, representing a year-on-year growth of 10.9%[6] - The group's revenue for the year ended March 31, 2023, was approximately HKD 452.8 million, an increase of about 10.9% compared to HKD 408.2 million in the previous fiscal year[18] - Gross profit for the year ended March 31, 2023, was approximately HKD 69.6 million, up about 35.4% from approximately HKD 51.4 million in the previous fiscal year[18] - The gross profit margin increased from approximately 12.6% for the year ended March 31, 2022, to approximately 15.4% for the year ended March 31, 2023[19] - Net profit for the year ended March 31, 2023, was approximately HKD 42.1 million, compared to approximately HKD 36.9 million in the previous fiscal year, primarily due to improved gross profit margins on construction projects[29] - Other income for the year ended March 31, 2023, was approximately HKD 3.1 million, an increase from approximately HKD 2.2 million in the previous fiscal year[21] - Administrative expenses for the year ended March 31, 2023, were approximately HKD 34.0 million, an increase of about HKD 7.2 million compared to the previous fiscal year[23] - The group received dividends totaling approximately HKD 5.6 million from Ruijing Management Holdings Limited for the year ending March 31, 2023, a decrease from HKD 15.0 million in the previous year, primarily due to longer repayment cycles for charter income[43] Assets and Equity - Total assets increased by approximately 11.4% from about HKD 279.1 million as of March 31, 2022, to about HKD 310.8 million as of March 31, 2023[30] - The group's total equity as of March 31, 2023, was approximately HKD 310.8 million, up from HKD 279.1 million as of March 31, 2022[33] - The debt-to-equity ratio as of March 31, 2023, was approximately 0.7%, down from 1.5% as of March 31, 2022[34] - Cash and cash equivalents as of March 31, 2023, were approximately HKD 235.3 million, compared to HKD 153.3 million as of March 31, 2022[31] Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.035 per share, reflecting confidence in the company's future prospects and financial stability[8] - The company proposed a final dividend of HKD 0.035 per share, consistent with the previous year[70] - The company does not foresee any shareholder waivers or agreements regarding dividend payments as of the report date[71] - As of March 31, 2023, the company’s directors and senior management held a total of 300,372,000 shares, representing 71.55% of the issued share capital[92] - Major shareholders include LOs Brothers (PTC) Limited and Choi Ka Holdings Limited, each holding 300,372,000 shares, representing 71.55% of the issued share capital[95] Employee and Labor Matters - The group has a total of 177 full-time employees as of March 31, 2023, compared to 171 in 2022, with employee costs amounting to approximately HKD 78.9 million, up from HKD 64.7 million in 2022[41] - Government subsidies from the "Employment Support" scheme offset employee costs by approximately HKD 2.7 million for the year ended March 31, 2023, compared to zero in 2022[86] - The company continues to maintain a zero fatality rate and low accident rates, prioritizing employee safety and professional development[9] Business Strategy and Market Outlook - The company is actively participating in multiple contract bids and maintains a cautiously optimistic outlook for future market conditions[11] - The company is focused on optimizing construction services and exploring new business channels to meet customer demands[7] - The management is committed to identifying further acquisition opportunities and business collaborations to improve operational efficiency and profitability[11] - The group is actively participating in project bidding and monitoring industry developments for potential business expansion[49] Corporate Governance - The board consists of 6 members, including 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring compliance with the Listing Rules[132] - The independent non-executive directors have confirmed their independence annually as per the Listing Rules, and the board believes all independent non-executive directors are independent[133] - The company has established a governance framework to ensure compliance with corporate governance codes and regulations[143] - The board conducts annual evaluations of its performance and the effectiveness of its governance practices[134] Environmental and Safety Practices - The company emphasizes the importance of health, safety, and environmental matters, with a dedicated committee meeting bi-monthly[160] - The safety, health, and environmental committee aims to improve overall safety performance and achieve a zero fatal accident goal, with a focus on reducing incident rates[161] - The company has obtained ISO 14001:2015 environmental management system certification to promote sustainable development practices[193] - The company has implemented comprehensive water quality mitigation measures to comply with regulations and better manage water resources across projects, focusing on water conservation and discharge quality[197] Risk Management - The board is responsible for evaluating and managing risks associated with achieving strategic objectives, ensuring effective risk management and internal control systems[153] - The company engaged an independent professional firm to conduct internal audits and risk assessments, with no significant risks or control deficiencies identified[154] Community Engagement and Charitable Activities - Charitable donations made by the group amounted to HKD 540,500 for the year ending March 31, 2023[78] Technology and Innovation - The company is leveraging innovative technology and artificial intelligence to enhance productivity, efficiency, and safety[44]