Revenue Performance - Revenue for the first quarter of 2020 was HKD 78,433,000, a decrease of 38% compared to HKD 126,648,000 in the same period of 2019[6] - Revenue for the three months ended June 30, 2020, was HKD 78,433,000, a decrease of 38% compared to HKD 126,648,000 for the same period in 2019[19] - Customer contract revenue from construction and related services was HKD 76,767,000, down 40% from HKD 129,224,000 in the previous year[21] - The construction segment generated HKD 14,814,000 in revenue, a decline of 60% from HKD 37,336,000 in 2019[22] - The electromechanical engineering segment saw revenue increase to HKD 39,570,000, up 126% from HKD 17,462,000 in 2019[22] - The construction business generated revenue of approximately HKD 76,767,000, down about 41% from approximately HKD 129,224,000 in the same period of 2019[44] - The securities investment segment recorded a revenue of approximately HKD 1,506,000, an increase of about 155% compared to a loss of approximately HKD 2,714,000 in the same period of 2019[44] - The property investment segment generated revenue of approximately HKD 20,000, a decrease of about 86% from approximately HKD 138,000 in the same period of 2019[44] - The lending business recorded revenue of approximately HKD 140,000 for the three months ended June 30, 2020, compared to no revenue in the same period of 2019[44] Profitability - Gross profit increased to HKD 7,892,000, up from HKD 5,773,000 year-on-year, representing a 37% increase[6] - The company reported a profit before tax of HKD 545,000, compared to a loss of HKD 2,804,000 in the previous year[6] - Net profit attributable to the owners of the company was HKD 588,000, recovering from a loss of HKD 3,057,000 in the same quarter of 2019[6] - Basic earnings per share for the quarter was HKD 0.06, compared to a loss per share of HKD 0.31 in the previous year[6] - Total comprehensive income for the period was HKD 545,000, compared to a loss of HKD 2,639,000 in the same quarter of 2019[8] - Adjusted profit before tax for the three months ended June 30, 2020, was HKD 7,119,000, compared to HKD 7,741,000 in 2019, a decrease of 8%[27] - Basic earnings per share for the three months ended June 30, 2020, was HKD 0.06[54] Expenses and Financial Management - Administrative expenses decreased to HKD 7,876,000 from HKD 8,746,000, reflecting a reduction of approximately 10%[6] - Other income and gains increased to HKD 446,000 from HKD 331,000, marking a 35% increase year-on-year[6] - Total interest income increased to HKD 401,000 from HKD 243,000, reflecting a 65% rise year-over-year[25] - Financial expenses decreased by approximately HKD 200,000 or 90% to about HKD 17,000, mainly due to the maturity of convertible bonds in April 2019[62] - Other income and gains rose by approximately HKD 100,000 or 35% to about HKD 400,000, mainly due to increased interest income from fixed deposits[60] Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance and transparency[101] - The audit committee consists of three independent non-executive directors, responsible for financial control and risk management oversight[102] - The company is committed to maintaining high standards of corporate governance to enhance stakeholder confidence[101] - The company has no interests in any competing businesses that could create conflicts of interest[99] Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in this report[5] - The report indicates that the company continues to focus on its core construction and engineering services in Hong Kong and mainland China[12] - The total contract amount on hand exceeded HKD 1,625,000,000, indicating a strong project pipeline[74] - The group plans to apply for more necessary licenses and permits to expand its service scope and selectively undertake new contracts[75] - The treasury management committee has been established to execute investment policies and seek additional income opportunities in the financial markets[77] - The group aims to manage its investment portfolio prudently to provide positive returns in the short term amid economic volatility[77] - The group plans to manage its investment portfolio cautiously due to recent stock market volatility and weakness[88] Investment Performance - The group managed a total fair value of approximately HKD 33,000,000 in listed equity investments and non-listed debt investments as of June 30, 2020[50] - The group reported a net gain of approximately HKD 1,100,000 from the sale of listed securities, with total proceeds of about HKD 10,000,000 during the three months ended June 30, 2020[88] - The group’s significant investments include a loss of HKD 480.5 thousand from 壹家壹品 (Hong Kong) Holdings Limited, representing 12.9% of the group's net assets[81] - The group’s investment in 香港教育 (International) Investment Group Limited generated a gain of HKD 1,068.8 thousand, accounting for 18.4% of the group's net assets[81] - The group’s investment in 恒達科技控股有限公司 yielded a profit of HKD 121.4 thousand, which is 10.5% of the group's net assets[81] - The group’s investment in TOMO Holdings Limited resulted in a loss of HKD 224.1 thousand, representing 8.6% of the group's net assets[81] - The group will continue to review its investment property portfolio in light of the recent unstable economic environment[78] Shareholder Information - The average number of ordinary shares in issue during the period was 1,000,000,000 shares, unchanged from the previous year[34] - The group had no issued potential dilutive ordinary shares as of June 30, 2020[35] - The weighted average number of ordinary shares used for calculating basic loss per share was 1,000,000,000 for the three months ended June 30, 2020[38] - The group did not recommend any interim dividend for the three months ended June 30, 2020, consistent with the same period in 2019[39] - Energy Luck Limited holds 167,302,082 shares, representing 16.73% of the company's issued ordinary shares[95] - There were no significant changes in the interests of directors or major shareholders in the company's shares as of June 30, 2020[96] - The company has no rights to dividends or voting at shareholder meetings for share option holders[92] - The share options granted to major shareholders require prior approval from independent non-executive directors if they exceed 0.1% of issued shares or HKD 5 million[91]

Financial Performance - Deson Construction International Holdings Limited reported audited consolidated financial statements for the year ended March 31, 2020[18]. - For the fiscal year ending March 31, 2020, the group recorded revenue of approximately HKD 627,500,000, a decrease of about 3% compared to approximately HKD 645,800,000 for the previous year[20]. - The construction business segment generated revenue of approximately HKD 626,400,000, down 4% from approximately HKD 651,100,000 in the prior year[20]. - The securities investment segment reported a profit of approximately HKD 700,000, a significant increase of 113% from a loss of approximately HKD 5,700,000 in the previous year[20]. - The property investment segment recorded revenue of approximately HKD 370,000, a decrease of 19% from a profit of approximately HKD 454,000 in the previous year[20]. - The group incurred a net loss attributable to shareholders of approximately HKD 3,200,000, an improvement from a loss of HKD 14,900,000 in the previous year[20]. - The gross profit increased significantly by approximately HKD 15,200,000 or 77%, reaching about HKD 34,900,000, with a gross margin of approximately 5.6%, up 2.5 percentage points from 3.1% in the previous year[44]. - The group reported a net loss attributable to owners of approximately HKD 3,216,000, a significant improvement from a net loss of approximately HKD 14,917,000 in the previous year[37]. - The group generated income of approximately HKD 53,000 from lending activities, which was not present in the previous year[37]. - The total employee benefit expenses for the year ended March 31, 2020, amounted to approximately HKD 34,000,000, a decrease from HKD 34,200,000 in the previous year[83]. Business Operations - The company operates in the construction and renovation sector, focusing on various projects including residential and mechanical engineering works[4][5][8]. - The company has undertaken significant contracts, including foundation works and installation of air conditioning systems, indicating a diverse project portfolio[6][9][10]. - The group plans to diversify its business and expand its revenue base, including entering the lending business[22]. - The group aims to enhance its market position in Hong Kong by attracting larger corporate clients and bidding for capital-intensive projects[63]. - The group has obtained multiple new projects, including a residential demolition and foundation contract in Hong Kong[63]. - The group aims to enhance its market presence through strategic projects and partnerships in the construction industry[18]. Governance and Management - The board of directors has undergone changes, with several appointments and resignations noted, which may impact governance and strategic direction[13]. - The company emphasizes the importance of accurate and complete reporting, with directors collectively responsible for the report's content[11]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a diverse skill set and experience[95]. - The company has adopted a board diversity policy to enhance performance quality, considering factors such as gender, age, cultural background, and professional experience[95]. - The company has established formal procedures for the appointment and succession planning of directors, ensuring transparency and adherence to GEM listing rules[100]. - Each director is required to undergo comprehensive training to understand their responsibilities and obligations under GEM listing rules[104]. - The company has established four committees under the board, including the Audit Committee, Compensation Committee, Nomination Committee, and Internal Control Committee, to oversee specific affairs of the group[118]. - The company has provided sufficient resources to the Audit Committee to fulfill its responsibilities, ensuring no significant uncertainties regarding the company's ability to continue as a going concern[122]. - The company has a clear division of roles between the Chairman and the CEO, ensuring a balance of power and authority[115]. - The company has engaged an external secretary service provider to assist in recording and maintaining all board meeting records, ensuring transparency and accountability[111]. Financial Position - Cash and cash equivalents amounted to approximately HKD 107,689,000, an increase from HKD 75,327,000 in the previous year[50]. - The total capital expenditure during the reporting period was approximately HKD 20,151,000, compared to HKD 18,937,000 in the previous year[51]. - The group maintained a current ratio of approximately 1.17, slightly down from 1.19 in the previous year[50]. - The group’s total assets were approximately HKD 388,034,000, a decrease from HKD 415,118,000 in the previous year[50]. - The group has no significant contingent liabilities or capital commitments as of the reporting period[52][53]. - The group holds approximately HKD 32,200,000 in equity and debt investments at fair value[73]. - The group reported a net asset value of approximately HKD 221,437,000 as of December 31, 2019[1]. Risk Management and Compliance - The company is committed to maintaining an effective risk management and internal control system, with management responsible for its design and implementation[161]. - The internal control committee is responsible for ensuring good corporate governance practices and evaluating the risks the board is willing to accept in achieving the company's strategic objectives[142]. - The company has established an internal control system in accordance with the COSO 2013 framework to ensure operational effectiveness and compliance with applicable laws and regulations[165]. - The internal audit department, composed of qualified professionals, conducts semi-annual reviews of risk management and internal control systems, reporting findings to the board[172]. - The company has implemented measures to ensure the confidentiality of insider information and compliance with disclosure regulations[170]. - The company confirmed compliance with the GEM listing rules regarding securities trading by all directors during the review period[157]. Shareholder Relations - The company maintains an open and effective investor relations policy, providing timely updates to investors and holding briefings for institutional investors and analysts[175]. - Shareholders can propose resolutions at the annual general meeting, ensuring their rights are upheld[177]. - The company has a shareholder communication policy to provide balanced and timely information to shareholders and investors[182]. - The board will review the company's dividend policy periodically and does not guarantee the payment of any specific amount of dividends during any designated period[155]. Future Outlook - The group is closely monitoring the impact of the COVID-19 pandemic on its financial condition and operating performance[86]. - The group aims to recruit more qualified and experienced staff to strengthen its construction division[64]. - The company is positioned to capitalize on growth opportunities in the construction sector, supported by a strong leadership team with diverse backgrounds[193][194].

Financial Performance - The company reported a revenue of HKD 306,957,000 for the six months ended September 30, 2019, compared to HKD 357,120,000 for the same period in 2018, representing a decrease of approximately 14%[7]. - Gross profit for the six months ended September 30, 2019, was HKD 16,955,000, up from HKD 7,940,000 in 2018, indicating a significant increase of approximately 113%[7]. - The company achieved a profit of HKD 2,303,000 for the six months ended September 30, 2019, compared to a loss of HKD 6,688,000 in the same period of 2018, marking a turnaround in performance[7]. - Total comprehensive income for the six months ended September 30, 2019, was HKD 2,517,000, compared to a loss of HKD 8,098,000 in 2018, reflecting an improvement in overall financial health[10]. - Basic and diluted earnings per share for the six months ended September 30, 2019, were both HKD 0.19, compared to a loss per share of HKD 0.66 in the same period of 2018[6]. - The group reported a loss of approximately HKD 3,279,000 in the listed securities investment segment, a slight improvement from a loss of HKD 3,396,000 in the previous year[97]. - The group's total revenue for the six months ended September 30, 2019, was approximately HKD 307,000,000, a decrease of about 14% from the previous period[104]. Assets and Liabilities - The company's total assets as of September 30, 2019, amounted to HKD 371,132,000, slightly down from HKD 373,005,000 as of March 31, 2019[12]. - Current liabilities increased to HKD 320,956,000 as of September 30, 2019, compared to HKD 314,008,000 as of March 31, 2019, indicating a rise in short-term obligations[12]. - The company's net asset value was HKD 99,590,000 as of September 30, 2019, compared to HKD 99,713,000 as of March 31, 2019, showing a slight decrease[14]. - The total assets of the group as of September 30, 2019, were HKD 421,926,000, compared to HKD 415,118,000 as of March 31, 2019[110]. - The company's accounts payable totaled HKD 39,308,000 as of September 30, 2019, compared to HKD 33,560,000 as of March 31, 2019[70]. Cash Flow and Investments - The net cash flow from operating activities was HKD 91,514,000, a significant improvement from a cash outflow of HKD 5,005,000 in the previous year[19]. - The company's cash and cash equivalents increased to HKD 117,779,000 from HKD 30,345,000 year-on-year[22]. - The financing activities resulted in a net cash outflow of HKD 38,431,000, compared to an inflow of HKD 5,637,000 in the prior year[22]. - The group sold several investments during the reporting period, generating proceeds of approximately HKD 22,000,000, with a realized loss of HKD 2,800,000[129]. Revenue Segments - The revenue from external customers for the engineering segment was HKD 180,763,000 for the three months ended September 30, 2019, compared to HKD 180,862,000 for the same period in 2018, showing a slight decrease[34]. - The construction segment generated revenue of approximately HKD 309,986,000 for the six months ended September 30, 2019, down about 14% from HKD 360,338,000 in the previous year[92]. - The property investment segment achieved revenue of approximately HKD 250,000 for the six months ended September 30, 2019, an increase of about 40% compared to HKD 178,000 for the same period in 2018[92]. - The electromechanical engineering segment saw a significant decline in revenue to approximately HKD 54,214,000, down about 42.7% from HKD 94,725,000 in the previous year, due to the completion of several projects[95]. Expenses - Administrative expenses for the six months ended September 30, 2019, were HKD 17,619,000, compared to HKD 16,033,000 in 2018, reflecting an increase in operational costs[7]. - Employee benefits expenses, including salaries and wages, totaled HKD 15,480,000 for the six months ended September 30, 2019, compared to HKD 15,199,000 in 2018, reflecting a slight increase[48]. - The financial expenses for the six months ended September 30, 2019, amounted to HKD 184,000, down from HKD 1,877,000 in the same period of 2018, showing a substantial reduction[44]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance and transparency[150]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ending September 30, 2019[152]. - The company is committed to maintaining high standards of corporate governance to enhance stakeholder confidence and drive business growth[150]. Future Outlook - The group plans to expand its business capabilities and scope to strengthen its market position in Hong Kong, targeting more projects from private residential developers[119]. - The group maintains a cautious approach to project bidding in response to challenges in the construction and engineering industry[117].

Financial Performance - Revenue for the three months ended June 30, 2019, was HKD 126,648,000, a decrease of 28.4% compared to HKD 177,040,000 in the same period of 2018[6] - Gross profit for the same period was HKD 5,773,000, significantly up from HKD 1,828,000 in 2018, indicating a gross margin improvement[6] - The company reported a loss before tax of HKD 2,804,000, an improvement from a loss of HKD 5,892,000 in the previous year[6] - The net loss for the period was HKD 2,804,000, compared to a net loss of HKD 5,856,000 in the same quarter of 2018[6] - Basic loss per share was HKD 0.31, improved from HKD 0.59 in the previous year[6] - Total comprehensive loss for the period was HKD 2,639,000, compared to HKD 6,771,000 in the same period last year[8] - The group recorded a loss before tax of HKD 2,804,000 for the three months ended June 30, 2019, compared to a loss of HKD 5,892,000 in the same period of 2018, indicating an improvement[28] - The company reported a basic loss attributable to ordinary shareholders of HKD (3,057,000) for the three months ended June 30, 2019, compared to a loss of HKD (5,879,000) for the same period in 2018[36] Revenue Breakdown - For the three months ended June 30, 2019, the group reported external customer revenue of HKD 126,648,000, a decrease of 28.4% from HKD 177,040,000 in the same period of 2018[17] - The construction segment generated revenue of HKD 129,224,000, down from HKD 179,476,000, reflecting a decline of 28% year-on-year[20] - The property investment segment saw a significant increase in revenue, reporting approximately HKD 138,000, up 245% from approximately HKD 40,000 in the same period last year[51] - The revenue for the electromechanical engineering segment was approximately HKD 17,462,000, a significant decrease of about 67% compared to HKD 53,610,000 in the same period last year[54] - The revenue for the renovation engineering segment was approximately HKD 74,426,000, down 23% from HKD 96,949,000 year-on-year[55] - The group's total revenue for the three months ended June 30, 2019, was approximately HKD 127,000,000, a decrease of about 28% compared to the previous year[63] Expenses and Costs - Administrative expenses increased to HKD 8,746,000 from HKD 7,139,000 in 2018, reflecting higher operational costs[6] - The group’s employee benefits expenses, including directors' remuneration, increased to HKD 5,052,000 from HKD 4,186,000, representing a rise of 20.7%[28] - The construction costs for the period were HKD 120,875,000, down from HKD 175,212,000, showing a decrease of 30.9%[28] - The group’s depreciation expense for the period was HKD 192,000, compared to HKD 263,000 in the previous year, a reduction of 27%[28] - Financial expenses decreased by approximately 81% to HKD 200,000 from HKD 900,000 year-on-year, due to the redemption of convertible bonds[68] Strategic Focus and Future Plans - The company continues to focus on construction and related services in Hong Kong, mainland China, and Macau[12] - The financial results indicate a strategic shift towards improving operational efficiency and reducing losses[6] - The group plans to expand its business capabilities and scope to strengthen its market position in Hong Kong[79] - The group aims to attract larger corporate clients and diversify its customer base through prudent bidding strategies[79] - The group will continue to apply for necessary licenses and qualifications to expand its service scope[80] - The group plans to recruit more qualified and experienced staff to enhance its construction division[80] - The group will adopt prudent measures to manage its investment portfolio in light of recent market volatility[82] Corporate Governance - The company has established an audit committee to review and supervise financial controls and risk management systems[102] - The audit committee consists of three independent non-executive directors[102] - The company is committed to maintaining high standards of corporate governance to enhance stakeholder confidence[100] - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15[100] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[103] Shareholder Information - As of June 30, 2019, major shareholder Energy Luck Limited holds 361,302,082 shares, representing 36.13% of the company's issued share capital[95] - Mr. Wang Jucheng is the beneficial owner of Energy Luck Limited, which is a company registered in the British Virgin Islands[95] - Mr. Wang Jucheng and Mr. Guo Guankang each resigned as executive directors on July 29, 2019[92] - As of June 30, 2019, no interests or short positions in the company's shares were reported by directors or senior management[93] Investment Activities - The company completed the acquisition of a property holding group for HKD 19,500,000, with the transaction finalized on August 6, 2019[48] - The group has sold part of its investments in listed securities, generating proceeds of approximately HKD 18,900,000 with a recognized loss of HKD 2,700,000[85] - The group has acquired two properties for a total consideration of HKD 19,500,000, located in Wan Chai, Hong Kong[83] Other Financial Metrics - Other comprehensive income included a foreign exchange gain of HKD 165,000, compared to a loss of HKD 915,000 in 2018[8] - The group’s interest income increased significantly to HKD 243,000 from HKD 46,000, marking a growth of 428.3%[23] - The group’s other income and gains totaled HKD 88,000, down from HKD 182,000, reflecting a decrease of 51.1%[23] - Other income rose by approximately 45% to HKD 300,000, up from HKD 200,000 year-on-year, mainly due to increased interest income from fixed deposits[66] - The interest expense on bank loans and overdrafts increased to HKD 171,000 for the three months ended June 30, 2019, compared to HKD 47,000 in the previous year[32] - The interest expense on convertible bonds decreased to HKD 172,000 from HKD 902,000 year-over-year[32] - The diluted loss per share was calculated based on a weighted average of 1,000,000,000 shares for both periods[41] - The stock option plan allows for the issuance of up to 80,000,000 options, representing approximately 8% of the company's issued shares as of June 30, 2019[86]

Financial Performance - For the fiscal year ending March 31, 2019, the group recorded a revenue of approximately HKD 645.8 million, a decrease of about 18% compared to HKD 792 million for the fiscal year ending March 31, 2018[18]. - The construction business segment generated revenue of approximately HKD 651.1 million, down 13% from HKD 748.7 million in the previous year[18]. - The securities investment segment reported a loss of approximately HKD 5.7 million, a decline of 113% from a profit of HKD 43.3 million in the prior year[18]. - The group recorded a net loss attributable to the owners of the company of approximately HKD 14.9 million for the fiscal year ending March 31, 2019[18]. - The overall financial performance reflects challenges faced in both construction and investment segments, necessitating strategic adjustments moving forward[18]. - The gross profit decreased significantly from approximately HKD 85,300,000 to about HKD 19,800,000, representing a decline of approximately 77%[43]. - The gross profit margin for the year was approximately 3.1%, down from 10.8% in the previous year, a decrease of 7.7 percentage points[43]. - Other income and gains increased by approximately 162% to about HKD 3,400,000, primarily due to the recovery of bad debts from a liquidated client[44]. - The company incurred a net loss attributable to owners of approximately HKD 14,917,000 for the year, compared to a profit of HKD 38,831,000 in the previous year[35]. Business Strategy and Operations - The company plans to adopt a more prudent approach in project selection, focusing on reputable contractors and excellent business partners to ensure project stability and secure receivables[19]. - The group intends to enhance its project selection criteria in the upcoming year to mitigate core challenges in the construction industry[19]. - The group aims to stabilize its project portfolio and receivables through strategic partnerships in the construction sector[19]. - The company plans to expand its business capabilities and scope to strengthen its market position in Hong Kong, targeting larger and more profitable projects[64]. - The company will continue to adopt a prudent strategy in project bidding to address challenges in the construction and engineering industry[61]. - The company is optimistic about the long-term prospects of the construction industry in Hong Kong, despite facing short-term challenges[63]. Investment Activities - The company is undergoing a significant share acquisition, with Energy Luck Limited set to become the controlling shareholder after acquiring approximately 31.18% of the issued shares[17]. - The group has diversified its business and increased resources in property investment due to market volatility, acquiring properties for HKD 8,500,000 and HKD 10,300,000 in 2018[21][22]. - The property investment segment earned revenue of approximately HKD 454,000 during the reporting period[26]. - The company has completed the acquisition of two properties in prime locations for a total consideration of HKD 19,500,000, expected to enhance its investment portfolio and market position[69]. - The company will continue to seek investment opportunities in listed securities and other financial products to generate additional income[68]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has generally complied with it during the review period from April 1, 2018, to March 31, 2019[86]. - The board consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors[92]. - The company has established a formal and transparent procedure for the appointment and succession planning of directors, with all directors subject to re-election at least every three years[98]. - The company emphasizes the importance of diversity on the board to enhance performance quality[93]. - Independent non-executive directors play a crucial role in providing independent judgment on strategy, policy, and performance[97]. - The company has insurance arrangements for legal actions against the board and indemnity for directors arising from company affairs[91]. Risk Management and Internal Controls - The company has established a risk management system to identify, assess, and manage risks related to its business operations[159]. - The internal control system is designed in accordance with the COSO 2013 framework to ensure operational effectiveness and compliance with applicable laws[163]. - The board is responsible for the effectiveness review of the risk management and internal control systems annually, considering changes in significant risks and the group's response capabilities[175]. - The company has not identified any significant deficiencies in internal controls during the review period[173]. - The internal audit department is composed of qualified professionals and operates independently to assess risk management and internal control systems[174]. Employee and Management Information - Employee benefit expenses for the year ended March 31, 2019, totaled approximately HKD 34,200,000, reflecting an increase from HKD 33,600,000 in the previous year[81]. - The group has 115 employees as of March 31, 2019, with 46 based in China[81]. - The executive directors have extensive experience in their respective fields, with the CEO having over 37 years in civil and structural engineering[188]. - Mr. Xie has over 36 years of experience in the construction industry in China and Hong Kong, serving as the chairman and non-executive director since December 2014[194]. - Mr. Wang has over 19 years of experience in auditing and accounting, currently serving as a non-executive director since December 2015[196]. - Mr. Li has over 39 years of experience in the banking industry, serving as an independent non-executive director since December 2014[198]. - Mr. Zhang has over 23 years of experience in the securities industry, serving as an independent non-executive director since December 2014[198]. Shareholder Communication - The company maintains an open and effective investor relations policy, providing timely updates to investors and holding briefings for institutional investors and analysts[177]. - Shareholders can submit inquiries or suggestions to the board through the company secretary, ensuring communication channels are open[178]. - The company has established a shareholder communication policy to provide balanced and easily understandable information to shareholders and investors[185]. - The board can convene a special general meeting within 21 days upon request from shareholders holding at least 10% of the company's paid-up capital[183].