WLS HOLDINGS LIMITED 滙隆控股有限公司 目錄 CONTENTS | 關於滙隆控股有限公司 | | About WLS Holdings Limited | | 2 | | --- | --- | --- | --- | --- | | 關於本報告 | | About This Report | | 4 | | 環境、社會及管治方法 | | ESG Approach | | 6 | | 我們的利益相關人士 | | Our Stakeholders | | 8 | | 重要性評估 | | Materiality Assessment | | 10 | | A 部分：環境 | | Section A: Environmental | | 12 | | A.1 | 排放 | A.1 | Emissions | 12 | | A.2 | 資源使用 | A.2 | Use Of Resources | 16 | | A.3 | 環境及自然資源 | A.3 | The Environmental And Natural Resources | 20 | | A.4 | 氣候變化 | A.4 | Clim ...

Business Operations and Strategy - WLS Holdings Limited reported a significant focus on enhancing business efficiencies and adhering to safety, quality, and efficiency principles[11]. - The company emphasizes the "Circle and Square" concept, symbolizing flexibility in service and a commitment to perfection in operations[14]. - The Group actively cultivated its gondolas rental business, gaining positive market reputation and securing a stable number of new contracts despite competition[52]. - The Group plans to continue acquiring new contracts in the competitive fitting out services market[51]. - The Group plans to leverage new opportunities from major public projects and the evolving real estate market to adapt to the business environment in Hong Kong[89]. - The Group will continue to focus on operational efficiency, risk management, and strategic adaptation to maintain performance amid a complex market environment[82]. Financial Performance - Total revenue for the year ended April 30, 2025, was approximately HK$79.1 million, a decrease of about 4.0% compared to the previous year[37]. - Net loss attributable to the owners of the Company for the year was approximately HK$6.8 million, a decrease of approximately HK$4.3 million compared to the previous year[37]. - Revenue from scaffolding, fitting out, and other auxiliary services for construction was approximately HK$27.8 million, down by approximately HK$9.0 million from HK$36.8 million in the previous year[39]. - The Group recorded a turnover of approximately HK$79.1 million for the Year, representing a slight decrease of approximately 4.0% compared to the previous year (approximately HK$82.4 million)[87]. - The net loss attributable to owners decreased to approximately HK$6.8 million from approximately HK$11.1 million in the previous year, primarily due to a fair value gain on financial assets of approximately HK$10.3 million[90]. - Gross profit increased by approximately 2.8% to approximately HK$52.2 million, with a gross profit margin rising to approximately 65.9% from 61.6% in the previous year[93]. - Operating and administrative expenses decreased from approximately HK$18.3 million to approximately HK$17.5 million, mainly due to reduced staff costs[96]. - Finance costs increased to approximately HK$9.0 million from approximately HK$8.6 million, attributed to an increase in other borrowings[96]. Money Lending Business - As of April 30, 2025, Gold Medal had 112 customers in its money lending business[60]. - The revenue for the money lending business increased to approximately HK$51.3 million, up from HK$45.6 million in the previous year[69]. - The usual loan tenure ranges from 3 months to 5 years, with interest rates varying from 7% to 15% depending on the loan amount[61]. - Approximately 68% of the outstanding loans and interest receivables as of April 30, 2025, were unsecured[69]. - The largest receivable from a single borrower was approximately HK$28 million, accounting for about 6% of the total receivables[69]. - The Group has implemented stricter loan approval requirements, including the need for borrowers to provide proof of income or assets[69]. - The Group's loan portfolio includes amounts ranging from approximately HK$100,000 to HK$25 million, with interest rates between 7.0% and 22%[69]. - The money lending business recorded a revenue of approximately HK$51.3 million for the Year, an increase from approximately HK$45.6 million last year[71]. - The principal amount of loans as of April 30, 2025, ranged from approximately HK$0.1 million to HK$25.0 million, with interest rates between 7.0% and 22% per annum[71]. - Approximately 68% of the Group's net loan and interest receivables were unsecured as of April 30, 2025[71]. - The net impairment losses from expected credit losses were approximately HK$36.4 million for the Year, compared to approximately HK$24.0 million last year[78]. - The five largest borrowers accounted for 21% of the net loan and interest receivables of the Group[71]. - The money lending business generated stable income despite customer repayment difficulties, with a focus on prudent risk management and compliance with relevant regulations[88]. Corporate Governance and Board Composition - The company has undergone several changes in its board of directors, with key resignations and appointments in 2024 and 2025[20][21]. - The Company has complied with the corporate governance code provisions except for the separation of roles between the Chairman and CEO, which should not be performed by the same individual[157]. - The Company did not engage in any purchase, sale, or redemption of its listed securities during the year[154]. - The Company adopted a Board Diversity Policy effective from 1 September 2013 to enhance diversity at the Board level[198]. - The Nomination Committee's selection of Board candidates is based on various diversity perspectives, achieving a balanced diversity during the Year[199]. - The Board currently has one executive Director, Mr. Li Zhenxing, and three independent non-executive Directors, including Mr. Yang Hui, who resigned on August 1, 2025[189]. - The independent non-executive Directors are responsible for ensuring the interests of all shareholders are considered and for participating in key committees[190]. - The Company complied with GEM Listing Rules 5.05(1), 5.28, and 5.34 following the appointment of Mr. Yang Hui on 5 August 2024[195]. - After Mr. Yang's resignation, the Company failed to meet the requirement of having at least three independent non-executive directors on the Board as per Rule 5.05(1) and an audit committee with a minimum of three members as per Rule 5.28[196]. - The Company Secretary assists in preparing the agenda and ensures compliance with applicable rules and regulations for Board meetings[200]. Market Conditions and Risks - The construction industry in Hong Kong is supported by large-scale infrastructure projects initiated by the government to meet housing demands[43]. - The construction industry in Hong Kong is experiencing a slowdown, influenced by elevated interest rates and global economic uncertainties[83]. - The scaffolding industry is facing challenges due to rising labor costs and a declining productivity trend[84]. - The Group faces significant risks including labor shortages, which could increase staff and subcontracting costs, adversely affecting profitability[134]. - The Group's financial risks include credit, interest rate, currency, liquidity, and other price risks, with a focus on maintaining a balanced capital structure[143][144]. - The Group relies on information technology systems for operations, and any significant disruptions could lead to data loss or operational interruptions[145]. - The Group's success depends on its ability to attract and retain skilled personnel, with the loss of key employees potentially impacting operations[146]. Employee and Operational Metrics - The Group had a total employee cost of approximately HKD 14.8 million for the year, down from HKD 17.1 million in the previous year, with 40 full-time employees as of April 30, 2025, compared to 43 in 2024[148]. - As of April 30, 2025, the total number of full-time employees was 40, a decrease from 43 in 2024, with total staff costs amounting to approximately HK$14.8 million, down from HK$17.1 million in the previous year[153]. - The Group's current assets increased to approximately HK$563.9 million from approximately HK$333.9 million in the previous year[98]. - The Group's bank balances and cash amounted to approximately HK$15.6 million, a decrease from HK$18.5 million in 2024[102]. - The Group's gearing ratio as of April 30, 2025, was approximately 40.4%, up from 38.8% in 2024[102]. - The Group's net loan and interest receivables were approximately HK$461.7 million as of April 30, 2025, compared to HK$456.2 million in 2024[108]. - The allowance for credit losses of loan and interest receivables under the ECL model was approximately HK$300.5 million, an increase from HK$264.1 million in 2024[108]. - The net impairment loss arising from ECL amounted to approximately HK$36.4 million, compared to HK$24.0 million in 2024[108]. Miscellaneous - The Group did not issue any shares or debentures during the year[117]. - The Board does not recommend the payment of a final dividend for the year, consistent with the previous year[118]. - There were no significant acquisitions or disposals during the year[123]. - The Group had no assets pledged as collateral as of April 30, 2025, and April 30, 2024[124]. - There were no significant contingent liabilities as of April 30, 2025, and 2024[147]. - There are no significant events affecting the Group that occurred after April 30, 2025, up to the date of this report[155]. - The Group did not use any financial instruments for hedging purposes during the year and had no outstanding hedging instruments as of April 30, 2025[130].

Core Insights - The establishment of the "Hong Kong Digital Asset Listed Companies Association" marks a significant step in promoting digital assets in Hong Kong, with participation from over 80 listed companies and financial institutions [1][2] - The Hong Kong government is committed to fostering innovation in financial technology, with over 1,100 fintech companies operating in the region and a 15% annual growth rate [1][2] Group 1: Government Initiatives - The Hong Kong government plans to regularize the issuance of green bonds and explore tokenization applications in various sectors, including renewable energy [2] - A funding program has been launched to support projects with commercial potential, offering up to HKD 500,000 for tokenization certification and commercialization [2] Group 2: Participating Companies - A list of participating companies includes notable H-shares such as Guofu Quantum, China New Economy Investment, and Huya Capital, among others [3] - A-share participants include Zhaoxin Co. and Jingbeifang, while US-listed companies include Galaxy Digital and Amber [4]

Core Viewpoint - Huilong Holdings (08021) experienced a 5.56% increase in stock price, reaching HKD 0.019 per share, with a trading volume of HKD 2.4027 million [1] Company Overview - Huilong Holdings Limited is a specialized investment holding company in the construction industry, providing world-class professional construction solutions and high-quality services [1] - The company is headquartered in Hong Kong and has a strategic office in Macau, employing over 100 experts and professionals dedicated to delivering top-notch management services to clients [1] Financial Performance - As of the 2024 annual report, Huilong Holdings reported total revenue of HKD 73.4411 million and a net loss of HKD 6.354 million [2]

Group 1 - The company announced the resignation of Mr. Yang Hui as an independent non-executive director, effective from August 1, 2025, due to personal matters [1] - Following Mr. Yang's departure, Ms. Gong Qiuyun has been appointed as the chairperson of both the remuneration committee and the nomination committee, also effective from August 1, 2025 [1]

滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） 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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈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。 WLS Holdings Limited （股份代號：8021） 獨立非執行董事： 盧家麒先生 龔秋雲女士 下表載列以下董事委員會成員資料： | 董事╱委員會 | 薪酬委員會 | 提名委員會 | 審核委員會 | | --- | --- | --- | --- | | 李振興先生 | | | | | 盧家麒先生 | M | M | C | | 龔秋雲女士 | C | C | M | 附註： 董事名單及其角色和職能 滙隆控股有限公司（「本公司」）董事（「董事」）會（「董事會」）於二零二五年八月一日的成員載列如下： 執行董事： 李振興先生 滙隆控股有限公司 執行董事 李振興 * 僅供識別 – 1 – 於本公佈日期，董事會成員包括李振興先生（執行董事）、盧家麒先生（獨立非執行董事）以及龔秋 雲女士（獨立非執行董事）。 本公佈乃遵照香港聯合交易所 ...

Group 1 - The company announced the resignation of Mr. Yang Hui as an independent non-executive director, effective from August 1, 2025, due to personal matters [1] - Following Mr. Yang's departure, Ms. Gong Qiuyun has been appointed as the chairperson of both the remuneration committee and the nomination committee, effective from August 1, 2025 [1]

格隆汇8月1日丨汇隆控股(08021.HK)公告，由于杨辉需处理其他个人事务，彼已辞任独立非执行董事并 不再担任公司审核委员会成员以及薪酬委员会及提名委员会各自主席，自2025年8月1日起生效。 ...

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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不就本公佈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。 楊先生已確認彼與董事會概無意見分歧，且彼並不知悉有關彼辭任之任何事宜須敦請香港聯交所（「聯 交所」）及本公司股東垂注。 薪酬委員會及提名委員會主席變更 於楊先生卸任後，獨立非執行董事龔秋雲女士已獲委任為薪酬委員會及提名委員會各自之主席，自二 零二五年八月一日起生效。 董事會謹藉此機會衷心感謝楊先生於其在任期間對本公司所作之貢獻。 WLS Holdings Limited 滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8021） 獨立非執行董事辭任、 薪酬委員會及提名委員會主席變更及 不符合GEM上市規則規定 獨立非執行董事辭任 滙隆控股有限公司（「本公司」，連同其附屬公司，「本集團」）董事（「董事」）會（「董事會」）宣佈，由於 楊輝先生（「楊先生」）需處理其他個人事務，彼已辭任獨立非執行董事並不再擔任本公司審核委員會成 員以及薪酬委員會（「薪酬委員會」）及提名委員會（「提名 ...

智通财经APP讯，汇隆控股(08021)发布截至2025年4月30日止年度业绩，该集团期内取得收益7912.8万 港元，同比减少3.98%;公司拥有人应占年度亏损684.6万港元，同比收窄38.58%;每股基本亏损0.048港 仙。 ...