Core Viewpoint - Yongjia Group (03322.HK) expects to record a post-tax loss of approximately HKD 60 million for the six months ending June 30, 2025, an improvement from a post-tax loss of HKD 86 million in the same period last year [1] Financial Performance - The estimated post-tax loss reduction is primarily due to the following reasons: - The high-end fashion retail business is expected to achieve an operating profit of approximately HKD 7 million, a significant improvement of HKD 59 million compared to an operating loss of HKD 52 million in the same period last year [1] - The successful turnaround to profitability is attributed to the introduction of franchise stores for a rapidly growing brand outside of direct stores in the second half of 2024, enhancing growth and profitability [1] - The sportswear manufacturing business is expected to incur an operating loss of approximately HKD 19 million, compared to an operating profit of HKD 1 million in the same period last year, partially offsetting the positive impact from the fashion retail segment [1] Operational Challenges - The operating loss in the sportswear segment is primarily due to issues with raw materials at the company's production facilities in Southeast Asia, which led to higher-than-expected production and transportation costs while handling several major orders [1]

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。 Win Hanverky Holdings Limited 永嘉集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3322） 虧損減少及業務最新情況 本公告乃永嘉集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及香港法例第571章證 券及期貨條例第XIVA部下的內幕消息條文（定義見上市規則）發表。 本公司董事會（「董事會」）謹此通知本公司股東及有意投資者，根據目前已有資料及 本集團截至二零二五年六月三十日止六個月（「本期間」）的未經審核合併管理賬目， 本集團預期本期間將錄得除稅後虧損約60,000,000港元，而截至二零二四年六月三十 日止六個月（「去年同期」）則錄得除稅後虧損86,000,000港元。 本期間的預估除稅後虧損減少主要源於以下原因： (i) 高級時裝零售業務於本期間錄得經營溢利約7,000,0 ...

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。 Win Hanverky Holdings Limited 永嘉集團控股有限公司 永嘉集團控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二 五年八月二十一日（星期四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及 其附屬公司截至二零二五年六月三十日止六個月之中期業績及其發佈，以及考慮宣 派中期股息（如有）。 承董事會命 永嘉集團控股有限公司 主席 李國棟 香港，二零二五年八月七日 於本公告日期，董事為李國棟、黎清平、李國樑、王志強、關啟昌 # 、馬家駿 # 及陳潔芬 # 。 # 獨立非執行董事 （於開曼群島註冊成立的有限公司） （股份代號：3322） 董事會會議召開日期 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03322 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.1 HKD | | 300,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.1 HKD | | 300,000,000 | 致：香港交易及結算所有限公司 本月底法定/註冊股本總額： HKD 300,000,000 公司名稱: Win Hanverky Holdings Limite ...

Market Overview - US stock indices closed higher, with the Dow Jones up 0.75%, Nasdaq up 1.52%, and S&P 500 up 0.94% [1] - The VIX index fell 8.21% to 19.11, indicating reduced market volatility [1] - The US dollar index increased by 0.01% to 98.15, while the yield on the 10-year Treasury rose by 1.068% to 4.447% [1] - Spot gold decreased by 1.38% to $3385.2 per ounce, and Brent crude oil fell by 2.09% to $72.98 [1] Industry & Stocks - Most sectors in the S&P 500 saw gains, with semiconductors up 3.16%, communications up 1.72%, and technology up 1.62% [2] - Chinese concept stocks mostly rose, with TSMC up 2.17%, Alibaba up 2.74%, and Pinduoduo up 2.2% [2] - Major tech stocks also saw increases, including Microsoft up 0.88%, Nvidia up 1.92%, and Meta up 2.9% [2][15] - Circle, a crypto stablecoin company, saw its stock rise by 13.1% to $151, nearing five times its IPO price [3] - USA Rare Earth partnered with Moog to develop a supply chain for rare earth magnets for data centers, resulting in a 5.51% stock increase [4] - Uber's stock rose by 1.42% following a memorandum of understanding with Dubai's transport authority to initiate autonomous vehicle trials [5] - Boeing's stock increased by 0.69% despite lowering its 20-year aircraft demand forecast to approximately 43,600 units [6] Daily Focus - The USS Nimitz aircraft carrier is confirmed to be heading to the Middle East, marking a significant military deployment [7][8] - The US military has moved numerous refueling aircraft to Europe amid rising tensions in the Middle East, indicating strategic readiness [9][10] - OpenAI's partnership with Microsoft is reportedly under strain, with discussions about potential anti-competitive behavior and ownership stakes [13] - TSMC has completed its first batch of chip production in Arizona, producing over 20,000 wafers for major clients like Apple and Nvidia [14]

Financial Performance - The company reported a revenue of HKD 3,973,103,000 for 2024, a 29.3% increase from HKD 3,073,686,000 in 2023[12]. - The production business generated revenue of HKD 3,321,000,000, reflecting a 34.7% increase from HKD 2,466,000,000 in the previous year[12]. - The high-end fashion retail business achieved revenue of HKD 652,100,000, a 7.3% increase from HKD 607,700,000 in 2023[12]. - The company's revenue from continuing operations for the year ended December 31, 2024, was HKD 3,973,100,000, representing a 29.3% increase from HKD 3,073,700,000 in 2023[20]. - The gross profit margin increased to 19.5%, up 3.1 percentage points from 16.4% in 2023, resulting in a gross profit of HKD 774,600,000, a 53.7% increase from HKD 504,100,000 in 2023[20]. - The company recorded a net loss of HKD 61,943,000 for the year, significantly reduced from a loss of HKD 382,608,000 in 2023[13]. - The group recorded an operating loss of HKD 63.5 million for the year ending December 31, 2024, compared to an operating loss of HKD 47.1 million in 2023[29]. - The company recorded an operating loss of HKD 9,300,000, significantly reduced from an operating loss of HKD 231,400,000 in 2023[21]. - The company experienced a turnaround from a tax-adjusted loss of HKD 85,700,000 in the first half of 2024 to a profit of HKD 23,800,000 in the second half[13]. Cash and Debt Management - Cash and bank balances increased to HKD 250,321,000, compared to HKD 209,456,000 in the previous year[13]. - The net debt-to-equity ratio decreased to 16.0% from 18.4% in 2023, indicating improved financial stability[13]. - The group has cash and bank balances of HKD 250.3 million as of December 31, 2024, compared to HKD 209.5 million in 2023, while net borrowings decreased to HKD 214.7 million from HKD 265.2 million[35]. - The net cash used in financing activities improved to HKD (135,797) thousand in 2024, a significant reduction of 70.0% from HKD (467,328) thousand in 2023[198]. Market Focus and Strategy - The company continues to focus on the mainland China market for its high-end fashion retail business despite weak consumer demand[12]. - The company has introduced a direct-operated and franchising model to provide clear direction for its high-end fashion retail business[12]. - The company aims to expand its customer base to strengthen market leadership and ensure sustainable long-term growth[14]. - The group plans to introduce franchised stores for a fast-growing brand in the second half of 2024, marking a strategic shift in the high-end fashion retail business[34]. Operational Challenges and Improvements - The overall economic recovery in the Greater China region remains slow, affecting consumer sentiment, particularly in the premium fashion retail market[24]. - The high-end fashion retail business's operating loss decreased from HKD 52,200,000 in the first half of 2024 to HKD 11,300,000 in the second half[28]. - The sportswear production business has turned profitable due to a rebound in customer orders, benefiting from a global focus on health and fitness[31]. Corporate Governance and Management - The company emphasizes strong corporate governance, adhering to the principles of the corporate governance code as per the listing rules[52]. - The management team is responsible for the overall operations and strategic planning of the group, with regular reviews of authorized functions and responsibilities[55]. - The board consists of four executive directors and three independent non-executive directors, ensuring a balanced composition with relevant knowledge and expertise[56][57]. - The company has established three core corporate values to guide employees in achieving its vision and mission[51]. - The roles of the Chairman and CEO are clearly distinguished to ensure a balance of power and authority[59]. Employee and Diversity Initiatives - The group employed about 17,000 employees as of December 31, 2024, an increase from approximately 16,000 in 2023[37]. - The company aims to foster a culture of excellence, innovation, and collaboration among its employees[51]. - The company has adopted a board diversity policy, aiming to avoid a single-gender board composition, with currently 1 out of 7 board members being female[71]. - As of December 31, 2024, approximately 22.9% of the group's employees, including directors and senior management, are male, while about 77.1% are female[71]. Risk Management and Compliance - The company is committed to identifying, monitoring, and managing risks related to its business activities, with a continuous risk management process in place[89]. - The internal audit plan was updated based on ongoing risk assessments, ensuring effective internal control evaluations[89]. - The company maintains a robust internal control system to comply with accounting standards and financial reporting regulations[76]. - The audit committee is authorized to review the effectiveness of the group's risk management and internal control procedures at least once a year[95]. Shareholder Communication and Dividends - The board decided not to recommend a dividend for the year ended December 31, 2024, to retain financial resources for future market changes[22]. - The company has established a shareholder communication policy to ensure timely and equal access to information for shareholders[101]. - The board will continue to review the dividend policy and reserves the right to amend it at any time[109]. Environmental and Social Responsibility - The company has implemented energy-saving measures and encourages the recycling of office supplies to minimize environmental impact[119]. - The company reported a total charitable and other donations of HKD 316,000 during the review year[132]. Audit and Financial Reporting - The financial statements for the year ended December 31, 2024, were audited by PricewaterhouseCoopers, who will be reappointed at the upcoming annual general meeting[164]. - The independent auditor's report aims to provide reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[181]. - The auditor evaluated the appropriateness of accounting policies and the reasonableness of estimates made by management[183].

Financial Performance - Revenue from continuing operations increased by 29.3% to HKD 3,973,103,000 compared to HKD 3,073,686,000 in the previous year[3] - Gross profit rose by 53.7% to HKD 774,634,000, with a gross margin improvement of 3.1 percentage points to 19.5%[3] - The company recorded a net loss of HKD 61,943,000 for the year, an 83.8% improvement from a net loss of HKD 382,608,000 in the previous year[3] - Total comprehensive loss for the year was HKD 95,622,000, down from HKD 412,584,000 in 2023[14] - The net loss for the year narrowed to HKD 61,943,000, compared to HKD 382,608,000 in the prior year, marking a reduction of 83.8%[14] - The operating loss significantly improved to HKD 9,339,000 from a loss of HKD 231,371,000 in 2023[13] - The operating loss reduced significantly to HKD 9,300,000 from HKD 231,400,000 in the previous year, despite ongoing challenges in the high-end fashion retail sector[46] Cash and Debt Management - Cash and bank balances increased to HKD 250,300,000 from HKD 209,500,000, with a net debt-to-asset ratio decreasing to 16.0% from 18.4%[6] - The group's cash and bank balance as of December 31, 2024, was HKD 250.3 million, an increase from HKD 209.5 million in 2023[62] - The net debt to equity ratio as of December 31, 2024, was 16.0%, down from 18.4% in 2023[62] - The group has a total available undrawn bank financing of HKD 713.9 million as of December 31, 2024, compared to HKD 666.2 million in 2023[62] Revenue Growth by Segment - Revenue from the production business grew by 34.7% to HKD 3,321,000,000, driven by improved inventory issues and increased customer orders[5] - The high-end fashion retail business generated revenue of HKD 652,100,000, a 7.3% increase, despite weak consumer demand[5] - Revenue for the year ended December 31, 2024, increased to HKD 3,973,103,000, up 29.3% from HKD 3,073,686,000 in 2023[13] - Revenue from the mainland China market increased to HKD 1,465,998,000 in 2024, up from HKD 980,475,000 in 2023, reflecting a growth of approximately 49.5%[29] - The sportswear production business revenue increased by HKD 576,900,000 to HKD 2,457,100,000, representing a growth of 30.7% due to improved customer orders[51] - The premium outdoor apparel production business revenue rose by HKD 278,300,000 to HKD 864,000,000, a 47.5% increase, driven by expanded collaboration in the Chinese market[53] Operational Changes and Strategy - The company has terminated the operation of "Champion" specialty stores, which will no longer incur losses in the future[6] - The company ceased operations of the "Champion" brand retail stores starting January 2024, reclassifying the related business as discontinued operations[24] - The company plans to continue expanding its market presence in Europe, where revenue increased to HKD 1,244,551,000 in 2024 from HKD 911,552,000 in 2023, marking a growth of approximately 36.5%[29] - The group plans to introduce franchised stores for a fast-growing brand in the second half of 2024, marking a strategic shift in the luxury fashion retail business[61] Cost Management - General and administrative expenses decreased by HKD 15,300,000 to HKD 425,600,000, down from HKD 440,900,000 in 2023, primarily due to cost control efforts[46] - Sales and distribution costs increased to HKD 365,600,000 in 2024 from HKD 343,600,000 in 2023, primarily due to impairment losses on retail store assets[45] Future Outlook - The outlook remains cautiously optimistic, with a focus on expanding the customer base and maintaining operational flexibility amid market uncertainties[8] - The outlook remains cautious due to ongoing macroeconomic challenges, with expectations of slow progress in inflation and interest rate reductions[57] - The board has decided not to declare dividends to retain financial resources for future market changes[10] - The company did not recommend any dividend for the year ended December 31, 2024, consistent with 2023[44] - The company will not recommend a dividend for the year ending December 31, 2024, maintaining a cautious approach amid economic uncertainties[48] Employee and Asset Management - The group employed approximately 17,000 employees as of December 31, 2024, an increase from 16,000 employees in 2023[65] - Non-current assets in Hong Kong decreased to HKD 339,596,000 in 2024 from HKD 358,549,000 in 2023, showing a decline of about 5.3%[31] - Inventory decreased to HKD 716,368,000 from HKD 752,240,000, a decline of 4.8%[16] - Inventory provisions for the year ended December 31, 2024, were HKD 19,616,000, compared to HKD 50,254,000 in 2023, indicating a reduction in inventory write-downs[27] Shareholder Information - The basic and diluted loss per share for continuing operations was HKD (5.3) in 2024, compared to HKD (19.9) in 2023[36] - The company reported a net loss from discontinued operations of HKD (120,110,000) for the year ended December 31, 2023[41] - The cash consideration for the sale of the "Champion" brand assets was HKD 89,840,000, resulting in a post-tax loss on sale of HKD (20,998,000)[43]

O 團 控 股 有 限 公 司 永 嘉 集 (於開曼群島註冊成立之有限公司) (股份代號: 3322) t 期 335 永嘉集團控股有限公司及其附屬公司經營國際運動、時裝及戶外品牌的綜 合生產及零售業務。本集團的業務分為兩大類，即生產業務及高級時裝零 售業務，市場遍佈歐洲、美國、中國大陸及香港。 本公司股份自二零零六年九月六日起於聯交所主板上市。 目錄 2-3 公司資料 | --- | --- | |---------|----------------------| | | | | | | | 4 | 財務摘要 | | 5–11 | 管理層討論及分析 | | 12–13 | | | 14–15 | 合併財務狀況表 | | 16 | 合併利潤表 | | 17 | 合併全面收益表 | | 18 | 簡明合併權益變動表 | | 19 | 簡明合併現金流量表 | | 20–38 | 簡明中期財務資料附註 | | 39–47 | 其他資料 | | 48 詞彙 | | 獨立核數師的簡明中期財務資料審閱報告 永嘉集團控股有限公司 二零二四年中期報告 1 公司資料 | --- | --- | |--------------- ...

Financial Performance - Revenue from continuing operations increased by 18.0% to HKD 1,756,510,000 compared to HKD 1,488,664,000 in the previous year[1] - Gross profit rose by 34.5%, with a gross margin increase of 2.3 percentage points to 18.6% due to improved order recovery in the sportswear production business[2] - Operating loss significantly reduced to HKD 62,015,000, primarily due to ongoing losses in the high-end fashion retail business[2] - Total loss for the period was HKD 85,710,000, a substantial improvement from HKD 177,150,000 in the same period last year[3] - The operating loss for the six months ended June 30, 2024, was HKD 85,710, compared to a loss of HKD 177,150 for the same period in 2023, showing an improvement in financial performance[10] - Gross profit from continuing operations increased by HKD 83,700,000 to HKD 325,900,000, representing a 34.5% increase from HKD 242,200,000 in the previous year, with a gross margin of 18.6%[28] - The sportswear production business saw revenue increase by HKD 261,000,000 to HKD 1,215,100,000, a growth of 27.4%, turning an operating loss of HKD 115,900,000 into an operating profit of HKD 1,400,000[31] - The high-end fashion retail business experienced a revenue decline of HKD 32,400,000 to HKD 280,900,000, a decrease of 10.3%, with an operating loss of HKD 52,200,000[33] Cash and Debt Management - Cash and bank balances as of June 30, 2024, were HKD 240,100,000, up from HKD 209,500,000 at the end of 2023[2] - The net debt to equity ratio improved to 16.9% from 18.4% at the end of 2023[2] - As of June 30, 2024, the group had cash and bank balances of HKD 240.1 million, an increase from HKD 209.5 million as of December 31, 2023, with a net debt of HKD 224.8 million[38] - The net debt-to-equity ratio as of June 30, 2024, was 16.9%, down from 18.4% as of December 31, 2023, indicating improved financial stability[38] - The total borrowings as of June 30, 2024, were HKD 462,477,000, a decrease from HKD 472,760,000 as of December 31, 2023, indicating a reduction of approximately 2.5%[24] Inventory and Asset Management - Inventory increased to HKD 810,167,000 from HKD 752,240,000, reflecting adjustments in production and sales strategies[5] - Total assets decreased to HKD 1,590,153,000 from HKD 1,675,186,000, indicating a need for strategic asset management[5] - Total assets as of June 30, 2024, amounted to HKD 2,691,030,000, a decrease from HKD 2,830,043,000 as of December 31, 2023, representing a decline of approximately 4.9%[15] - The total non-current assets as of June 30, 2024, were HKD 964,831,000, down from HKD 1,019,200,000 as of December 31, 2023, reflecting a decrease of approximately 5.3%[16] - Trade receivables as of June 30, 2024, were HKD 362,224,000, a decrease from HKD 459,662,000 as of December 31, 2023, representing a decline of about 21.2%[22] Strategic Decisions and Future Outlook - The company has terminated the operation of "Champion" specialty stores since January 2024, which will not incur further losses in 2024[2] - The board has decided not to declare an interim dividend due to various challenges in the outlook[2] - The group will not recommend a mid-term dividend for the six months ended June 30, 2024, maintaining financial resources amid challenging market conditions[29] - The group anticipates facing complex and unpredictable economic conditions in the second half of 2024, impacting its diversified business outlook[34] - The company plans to continue expanding its market presence in the Asia-Pacific region, particularly in mainland China and Hong Kong, to drive future growth[9] - The company has implemented new strategies to enhance operational efficiency and reduce costs, which are expected to positively impact future earnings[10] - The high-end functional outdoor clothing business continues to develop steadily in mainland China, with a strong strategic partnership established with a comprehensive sportswear group, expected to drive revenue growth in the second half of the year[36] - In mainland China and Hong Kong, consumer spending remains cautious, particularly in non-essential items, leading to a strategic shift towards franchising for a fast-growing brand to enhance business growth and profitability[37] Revenue by Region - Revenue from Europe for the six months ended June 30, 2024, was HKD 688,353,000, an increase of 36.4% compared to HKD 504,530,000 in the same period of 2023[15] - Revenue from Mainland China reached HKD 484,360,000, up 43.0% from HKD 338,542,000 year-over-year[15] Employment and Legal Standing - The group employed about 17,000 employees as of June 30, 2024, up from approximately 16,000 employees as of December 31, 2023[40] - There are no significant contingent liabilities or major lawsuits as of June 30, 2024, indicating a stable legal standing[42] - The board of directors confirmed compliance with the standards of the Hong Kong Stock Exchange regarding securities trading conduct throughout the reporting period[43]

Financial Performance - Revenue from continuing operations for 2023 was HKD 3,073,686,000, a decrease of 24.7% compared to HKD 4,084,162,000 in 2022[9] - The company recorded a net loss of HKD 382,608,000 for the year, compared to a profit of HKD 23,631,000 in 2022[9] - Revenue from continuing operations decreased by 24.7% to HKD 3,073,700,000, down from HKD 4,084,200,000 in 2022, primarily due to a decline in consumer demand across various markets[23] - The gross profit margin from continuing operations fell to 16.4%, down 3.7 percentage points from 20.1% in 2022, resulting in a gross profit decrease of 38.7% to HKD 504,100,000[23] - The operating loss amounted to HKD 231,400,000, compared to a profit of HKD 108,000,000 in 2022[25] - The group recorded a net loss of HKD 382,600,000 for the year ended December 31, 2023, compared to a profit of HKD 23,600,000 in 2022[17] Revenue Breakdown - The production business revenue fell to HKD 2,466,000,000, down 30.7% from HKD 3,558,000,000 in the previous year due to severe inventory issues in the sportswear industry[15] - The sportswear production business revenue decreased by 35.1% to HKD 1,880,200,000, primarily due to inventory buildup from declining consumer demand[31] - The high-end functional outdoor apparel production business revenue decreased by 11.4% to HKD 585,700,000, with a significant drop in orders from the European market[32] - The high-end fashion retail business saw an increase in revenue to HKD 607,700,000, up 15.5% from HKD 526,200,000 in 2022, despite ongoing challenges[15] - The high-end fashion retail business reported a revenue increase of HKD 81.5 million to HKD 607.7 million, representing a growth of 15.5% compared to HKD 526.2 million in 2022[35] Asset and Liability Management - The total assets decreased to HKD 2,830,043,000 from HKD 3,465,184,000 in 2022, indicating a significant reduction in the company's asset base[9] - Current liabilities were HKD 1,198,020,000, down from HKD 1,438,874,000 in 2022, reflecting improved liquidity management[9] - The net debt to equity ratio improved to 18.4% from 22.8% in the previous year, indicating a stronger balance sheet position[9] - The cash and bank balance as of December 31, 2023, was HKD 209,500,000, down from HKD 370,500,000 in 2022, while the net debt-to-asset ratio improved to 18.4% from 22.8%[17] Strategic Focus and Future Outlook - The company plans to focus on enhancing operational efficiency and addressing inventory challenges in the upcoming fiscal year[14] - The company anticipates a significant increase in revenue for the first half of 2024 compared to the same period in 2023, as customer order momentum has resumed[19] - The group expects revenue for the first half of 2024 to grow by over 20% compared to the same period in 2023, driven by improved customer orders in the Western market[41] - The company plans to continue adjusting and optimizing resources to mitigate risks and promote sustainable development amid economic uncertainties[19] Corporate Governance - The board of directors is responsible for the overall management of the group, including formulating business strategies and management objectives[73] - The board consists of four executive directors and three independent non-executive directors, ensuring a balanced composition with relevant knowledge and experience[75][76] - The company has adopted the corporate governance code principles and complied with applicable code provisions during the review year[70] - The company has established a clear policy for the nomination of directors to ensure compliance with regulatory requirements and good corporate governance practices[88] - The company has established a nomination committee to review the board's structure, composition, and diversity at least annually[100] Risk Management and Internal Controls - The audit committee is responsible for monitoring the effectiveness of the internal control systems and risk management functions[98] - The company has established a comprehensive internal control system aimed at minimizing operational risks and ensuring compliance with applicable laws and regulations[115] - The audit committee is required to review the effectiveness of the company's risk management and internal control systems at least once a year, demonstrating a commitment to governance[117] - The internal audit consultant updated the internal audit plan based on the company's ongoing risk assessment, indicating a proactive approach to risk management[111] Shareholder Information - The company reported no dividend recommendation for the fiscal year ending December 31, 2023[154] - The board of directors will continue to review the dividend policy and retains the right to update or modify it at any time[132] - The company has conducted shareholder meetings to provide opportunities for direct communication with the board of directors[127] - The company has maintained sufficient public float as required by the listing rules prior to the report's publication date[191] Employee and Social Responsibility - The company has established good relationships with employees, suppliers, and customers, ensuring a harmonious working environment and acceptable turnover rates[146] - Total charitable donations made by the company during the review year amounted to HKD 83,000[157] - The company emphasizes environmental protection and has implemented energy-saving measures to minimize environmental impact[143] Audit and Financial Reporting - The financial statements for the year ended December 31, 2023, have been audited by PricewaterhouseCoopers[192] - The consolidated financial statements reflect the group's financial position as of December 31, 2023, and its performance for the year ended on that date[194] - Key audit matters were identified based on professional judgment, highlighting the most significant issues in the audit of the consolidated financial statements[200]