Financial Performance - The group's revenue increased from approximately HKD 951.2 million for the year ended March 31, 2021, to approximately HKD 1,063.9 million for the current year, primarily due to increased revenue from RMAA services[7]. - The profit attributable to shareholders decreased from approximately HKD 34.1 million to approximately HKD 13.3 million, mainly due to a decline in overall gross margin caused by rising raw material costs and significant losses on financial assets due to market downturns[7]. - The gross profit decreased from approximately HKD 60.5 million to approximately HKD 54.7 million, with the gross margin dropping from about 6.4% to approximately 5.1%[16]. - Service costs rose from approximately HKD 890.7 million to approximately HKD 1,009.2 million, consistent with the increase in revenue, primarily due to higher service costs associated with RMAA projects[15]. - Other income and losses shifted from a gain of approximately HKD 6.8 million to a loss of approximately HKD 12.2 million, mainly due to the absence of government subsidies and significant losses on financial assets[17]. - Administrative expenses decreased from approximately HKD 24.1 million to approximately HKD 21.5 million, primarily due to reduced employee costs[18]. - The financing cost for the year was approximately HKD 0.2 million, remaining consistent with the previous year[20]. - The effective tax rate for the year was approximately 16.9%, similar to the previous year's rate of 16.8%[21]. - The company did not recommend any final dividend for the year ended March 31, 2022[23]. Cash and Debt Management - As of March 31, 2022, the company's bank balances and cash amounted to approximately HKD 57.6 million, a decrease from HKD 61.8 million in the previous year[24]. - The total interest-bearing borrowings as of March 31, 2022, were approximately HKD 4.0 million, down from HKD 7.3 million in the previous year, resulting in a current ratio of about 3.5 compared to 3.8 in the prior year[24]. - The debt-to-equity ratio as of March 31, 2022, was approximately 1.7%, a decrease from 3.3% in the previous year, due to the repayment of bank loans[25]. Employee and Management Overview - The total employee cost for the year ending March 31, 2022, was approximately HKD 58.5 million, down from HKD 73.6 million in the previous year, with a total of 240 employees compared to 289 in the prior year[37]. - Liu Jiahao was appointed as the executive director on February 25, 2021, and as the company secretary on September 3, 2021, bringing over 15 years of experience in corporate management and financing[45]. - The company has a strong management team with members holding various professional qualifications and extensive experience in their respective fields, including construction and finance[46][48][49][50]. - The management team has a combined experience of over 30 years in the construction industry, which is expected to drive project execution and operational efficiency[48][54]. Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules, ensuring transparency and accountability[58]. - The board of directors is composed of experienced professionals who are dedicated to guiding the company towards sustainable growth and profitability[50]. - The audit committee held three meetings during the year to review the group's financial reporting process and internal control systems[66]. - The company emphasizes the importance of good corporate governance for effective management and successful business development[58]. - The board is responsible for corporate governance functions, including policy formulation and compliance with legal and regulatory requirements[96]. Environmental, Social, and Governance (ESG) Commitment - The environmental, social, and governance (ESG) report covers all subsidiaries in Hong Kong, with the core business primarily engaged in building services, accounting for approximately 99% of the total workforce[132]. - The company is committed to continuously evaluating its business impact on key ESG aspects and aims to enhance transparency through further disclosures in the future[132]. - The company aims to achieve sustainable development goals and has set relevant emission reduction targets and strategies[130]. - The company is committed to reducing its environmental impact and maintaining green operations and office practices[146]. Employee Health and Safety - The company emphasizes occupational health and safety, with policies in place to reduce risks associated with construction work[191]. - The company has received multiple awards for safety performance, including a silver award for best high-altitude work safety performance in 2019[191]. - The company has implemented internal policies for reporting and handling work-related accidents and injuries[194]. - The safety supervisor is responsible for regular visits and inspections of work performance[192].

Revenue and Profitability - Revenue increased from approximately HKD 470.6 million for the six months ended September 30, 2020, to approximately HKD 576.7 million for the six months ended September 30, 2021, representing a growth of about 22.5%[10] - The group's revenue for the six months ended September 30, 2021, was approximately HKD 576.7 million, representing an increase of 22.5% compared to HKD 470.6 million for the same period in 2020[47] - Gross profit increased from approximately HKD 31.2 million to approximately HKD 36.4 million, while the gross profit margin slightly decreased from about 6.6% to 6.3%[15] - The gross profit for the same period was HKD 36.4 million, up from HKD 31.2 million, indicating a gross margin improvement[47] - Net profit decreased from approximately HKD 28.7 million to approximately HKD 26.4 million, attributed to an increase in expected credit loss provisions[20] - The net profit for the six months ended September 30, 2021, was HKD 21,986,000, compared to HKD 24,032,000 for the same period in 2020, reflecting a decline of approximately 4.36%[2] - The company reported a profit attributable to owners of the company of HKD 22.0 million for the period, compared to HKD 24.0 million in the previous year[47] - Basic earnings per share for the current period was HKD 5.91, down from HKD 6.46 in the previous year, representing a decrease of about 8.5%[3] Expenses and Costs - Service costs rose from approximately HKD 439.4 million to approximately HKD 540.3 million during the same periods, reflecting an increase consistent with revenue growth[11] - Administrative expenses increased from approximately HKD 5.3 million to approximately HKD 6.2 million, mainly due to higher employee costs[17] - The total employee cost during the period was approximately HKD 29.1 million, slightly down from HKD 29.2 million in the previous year[39] - The company’s short-term employee benefits for the six months ended September 30, 2021, were HKD 2,478,000, up from HKD 2,036,000 in the same period of 2020, reflecting an increase of about 21.7%[136] - The company reported a total tax expense of HKD 4,387,000 for the current period, slightly lower than HKD 4,663,000 in the previous period[6] Financial Position - As of September 30, 2021, the group maintained a bank balance of approximately HKD 55.1 million, down from approximately HKD 61.8 million as of March 31, 2021[23] - The debt-to-equity ratio increased to approximately 4.0% as of September 30, 2021, compared to 3.3% as of March 31, 2021, due to an increase in borrowings[25] - The current ratio as of September 30, 2021, was approximately 2.3, down from 3.8 as of March 31, 2021[23] - The net assets of the group as of September 30, 2021, were HKD 240.1 million, an increase from HKD 218.1 million as of March 31, 2021[52] - Trade receivables as of September 30, 2021, amounted to HKD 154,386,000, a significant increase from HKD 50,161,000 as of March 31, 2021[4] - The net trade receivables after deducting credit loss provisions were HKD 149,944,000, compared to HKD 48,620,000 in the previous period, showing a substantial rise[5] - The total amount of overdue trade receivables as of September 30, 2021, was HKD 36,213,000, up from HKD 17,844,000 as of March 31, 2021[9] - The construction contract receivables increased to HKD 143,972,000 as of September 30, 2021, compared to HKD 135,713,000 as of March 31, 2021, indicating growth in contract-related revenues[10] - Cash and cash equivalents decreased by HKD 6,700,000, ending the period with HKD 55,138,000[54] Financing Activities - The company raised new bank loans totaling HKD 22,016,000 while repaying HKD 19,814,000, resulting in a net cash inflow from financing activities of HKD 1,857,000[54] - The company reported a net loss of HKD (3,337,000) in other reserves, impacting total equity[56] - The company had pledged financial assets valued at approximately HKD 24.7 million for bank loans[36] - The company has pledged financial instruments valued at HKD 24.7 million as collateral for bank loans[132] Corporate Governance - The company adheres to the corporate governance code as per Appendix 14 of the listing rules, ensuring the separation of roles between the Chairman and the CEO[138] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the standards set out in Appendix 10 of the listing rules[139] - The company’s governance practices are aligned with best practices in corporate governance, enhancing transparency and accountability[138] - The company has established a robust governance framework to enhance business decision-making and strategic planning[138] - The company has disclosed all relevant interests and positions held by directors and major executives in accordance with the Securities and Futures Ordinance[152] Market Outlook and Strategy - The company remains optimistic about the construction market outlook and will continue to focus on its core business despite uncertainties caused by COVID-19[9] - The company has not disclosed any new product developments or technological advancements during this reporting period[72] - There are no significant market expansion or acquisition strategies mentioned in the report[72] Other Information - The company did not declare or recommend any dividends for the six months ended September 30, 2021, consistent with the previous period[8] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[161] - There were no significant post-period events after September 30, 2021[165] - The company has not granted, agreed to grant, exercised, or cancelled any share options under the share option scheme[164] - The audit committee has reviewed the unaudited condensed consolidated interim financial statements and found them compliant with applicable accounting standards and listing rules[170] - There were changes in the board of directors, with Mr. Zeng Wenbing resigning as CEO and Mr. Zeng Zhaoqun appointed as CEO on June 30, 2021[168]

Financial Performance - The company's revenue increased from approximately HKD 932.8 million for the year ended March 31, 2020, to approximately HKD 951.2 million for the current year, primarily due to increased revenue from RMAA services[7]. - The profit attributable to shareholders rose from approximately HKD 24.5 million to approximately HKD 34.1 million, mainly due to the increase in other income and a decrease in tax expenses[22]. - The gross profit decreased from approximately HKD 75.2 million to approximately HKD 60.5 million, with the gross profit margin declining from about 8.1% to approximately 6.4%[16]. - Other income, other gains, and losses increased from approximately HKD 0.9 million to approximately HKD 6.8 million, primarily due to increased government subsidies[17]. - Administrative expenses rose from approximately HKD 22.5 million to approximately HKD 24.1 million, mainly due to increased employee costs[18]. - The financing cost for the year was approximately HKD 0.2 million, remaining consistent with the previous year[20]. - The effective tax rate for the year was approximately 16.8%, which is similar to the previous year's rate of 17%[21]. - No final dividend was recommended for the year ended March 31, 2021[23]. Cash and Debt Management - As of March 31, 2021, the group had cash and bank balances of approximately HKD 61.8 million, down from HKD 73.4 million in 2020[24]. - The total interest-bearing borrowings amounted to approximately HKD 7.3 million as of March 31, 2021, compared to HKD 8.9 million in 2020[24]. - The current ratio as of March 31, 2021, was approximately 3.8, an increase from 2.7 in 2020[24]. - The debt-to-equity ratio was approximately 3.3% as of March 31, 2021, down from 4.8% in 2020, due to repayment of bank borrowings and lease liabilities[25]. Human Resources and Management - The total employee cost for the year ended March 31, 2021, was approximately HKD 73.6 million, a decrease from HKD 84.6 million in 2020[37]. - The group had no significant acquisitions or disposals of subsidiaries and associates during the year ended March 31, 2021[32]. - The company has a strong management team with over 26 years of experience in the construction industry, led by senior project manager Mr. Xie[57]. - The financial director, Mr. Kwan, has over 16 years of accounting experience and oversees the company's financial activities, budgeting, and forecasting[58]. - The company emphasizes good corporate governance, adhering to the corporate governance code since its listing, and believes it is essential for effective management and business development[64]. Corporate Governance - The board of directors is composed of both executive and independent non-executive directors, ensuring a balance of power and effective oversight[66]. - The company has established three board committees to supervise specific matters and assist in fulfilling its responsibilities[70]. - The company is committed to maintaining high standards of corporate governance and regularly reviews its governance practices to meet regulatory expectations[65]. - The board believes that the separation of roles between the chairman and the CEO enhances the efficiency of strategy formulation and implementation[67]. - The company has received annual confirmations of independence from its independent non-executive directors, ensuring compliance with listing rules[69]. Risk Management - The company has a structured approach to risk management and compliance, ensuring adherence to legal and regulatory requirements[69]. - The Audit Committee held three meetings during the year, reviewing the group's financial statements and risk management systems[74]. - The company has adopted a three-tier risk management approach to identify, analyze, assess, mitigate, and respond to risks[114]. - The management is responsible for establishing, executing, reviewing, and evaluating a sound internal control system as part of the risk management framework[114]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers all subsidiaries in Hong Kong, focusing on building services and maintenance, repair, alteration, and addition (RMAA) services[131]. - The company will continue to assess its business impact on key ESG aspects and expand the scope of reporting to improve transparency[131]. - The company identifies employees, customers, investors, suppliers, and the community as key stakeholders and communicates through various channels[137]. - The company emphasizes compliance with applicable laws and maintaining good relationships with partners to control risks[141]. - The ESG report is prepared according to the guidelines in Appendix 27 of the listing rules, and the company will continue to optimize the disclosure of key performance indicators[132]. Employee Welfare and Safety - The company adheres to local labor laws, including the Employment Ordinance and the Minimum Wage Ordinance, ensuring no child or forced labor is utilized[187]. - The company has implemented policies to ensure workplace safety, including mandatory safety equipment for all workers on construction sites[181]. - The company has received multiple awards for safety performance, including a Silver Award for Best High-Rise Work Safety Performance in 2019[181]. - The employee turnover rate for the total workforce was 74%, with 82% for males and 18% for females[176]. - There was one work-related injury case reported, resulting in 115 lost workdays, with no fatalities[183].

Financial Performance - The company reported revenue of HKD 470,597 thousand for the six months ended September 30, 2020, a decrease of 8.5% compared to HKD 514,069 thousand in the same period of 2019[3]. - Gross profit for the same period was HKD 31,224 thousand, down from HKD 37,127 thousand, reflecting a decline of 15.5%[3]. - The net profit attributable to the owners of the company was HKD 24,032 thousand, an increase of 52.5% from HKD 15,754 thousand in the previous year[3]. - Basic earnings per share increased to HKD 6.46, compared to HKD 4.23 in the prior period, representing a growth of 52.7%[3]. - Revenue decreased from approximately HKD 514.1 million for the six months ended September 30, 2019, to approximately HKD 470.6 million for the same period in 2020, primarily due to a reduction in revenue from building services projects[87]. - Service costs decreased from approximately HKD 476.9 million for the six months ended September 30, 2019, to approximately HKD 439.4 million for the same period in 2020, consistent with the decrease in revenue[88]. - Gross profit decreased from approximately HKD 37.1 million for the six months ended September 30, 2019, to approximately HKD 31.2 million for the same period in 2020, with the gross profit margin declining from about 7.2% to approximately 6.6%[90]. - Net profit increased from approximately HKD 20.8 million for the six months ended September 30, 2019, to approximately HKD 28.7 million for the same period in 2020, mainly due to non-recurring listing expenses incurred in the previous period[94]. Cash Flow and Liquidity - The company reported a net cash outflow from operating activities of HKD 17,840 thousand, an improvement from HKD 45,823 thousand in the previous year[18]. - Cash and cash equivalents at the end of the period were HKD 50,808 thousand, up from HKD 39,628 thousand in the previous year, reflecting a growth of 28.5%[18]. - As of September 30, 2020, the group had cash and bank balances of approximately HKD 50.8 million, down from approximately HKD 73.4 million as of March 31, 2020[96]. - The company has no pledged assets as of September 30, 2020, indicating a strong liquidity position[104]. - The company plans to utilize approximately HKD 8.7 million of the unutilized net proceeds for performance guarantees by March 31, 2021[110]. Assets and Liabilities - Total assets as of September 30, 2020, were HKD 297,903 thousand, compared to HKD 283,932 thousand as of March 31, 2020, indicating a growth of 4.9%[5]. - Current liabilities decreased to HKD 92,563 thousand from HKD 103,256 thousand, a reduction of 10.4%[6]. - The group’s total contract assets as of September 30, 2020, were HKD 123,907,000, a decrease from HKD 117,385,000 as of March 31, 2020[63]. - The group’s total liabilities as of September 30, 2020, were not explicitly stated but are implied to be managed effectively given the reported profit increase and revenue adjustments[37]. - Total interest-bearing borrowings, including bank loans and lease liabilities, were approximately HKD 4.2 million as of September 30, 2020, down from approximately HKD 8.9 million as of March 31, 2020[96]. - The debt-to-equity ratio as of September 30, 2020, was approximately 2.0%, a decrease from about 4.8% as of March 31, 2020, primarily due to a reduction in total liabilities and bank borrowings[98]. Corporate Governance and Compliance - The company has maintained its accounting policies consistent with those applied in the previous financial year, ensuring stability in financial reporting[25]. - The company has adhered to all corporate governance codes as per the listing rules, with no deviations reported during the period[111]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements and confirmed compliance with applicable accounting standards[145]. - The company has established a non-competition agreement with major shareholders to avoid conflicts of interest[142]. - The company has disclosed all relevant interests and positions held by directors and their spouses in accordance with securities regulations[138]. Market Outlook and Strategy - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[3]. - The group remains optimistic about the construction market outlook and will continue to focus on its core business despite uncertainties caused by the COVID-19 pandemic[86]. Employee and Shareholder Information - The company's total employee cost for the period was approximately HKD 29.2 million, down from HKD 36.5 million for the same period last year, reflecting a reduction in workforce from 304 to 272 employees[105]. - Major shareholders hold significant stakes, with Mr. Zeng Zhaoqun and Ms. Liang Huiling each owning 28.125% (104,625,000 shares) of the company[130]. - Lai Wai Lam Ricky holds 16.875% (62,775,000 shares) of the company, alongside his spouse Ms. Chu Siu Ping[130]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[141]. Other Relevant Information - The group recognized government grants amounting to HKD 1,858,000 during the period, which were included in other income[43]. - The group did not declare or pay any dividends during the period[46]. - No share options were granted under the company's share option scheme during the six months ended September 30, 2020[77]. - There were no significant post-reporting date events after September 30, 2020, indicating stability in operations[107]. - The company has not experienced any significant foreign exchange exposure, as its revenue-generating activities are primarily conducted in Hong Kong dollars[103]. - The company has no contingent liabilities as of September 30, 2020, which supports its financial stability[103]. - No options have been granted or exercised under the share option scheme as of the report date[143].

Financial Performance - The company's revenue increased from approximately HKD 878.8 million for the year ended March 31, 2019, to approximately HKD 932.8 million for the year ended March 31, 2020, primarily due to increased revenue from RMAA services[7]. - The profit attributable to shareholders decreased from approximately HKD 38.3 million for the year ended March 31, 2019, to approximately HKD 24.5 million for the year ended March 31, 2020, mainly due to non-recurring listing expenses of approximately HKD 18.5 million related to the transfer of listing[7]. - The gross profit increased from approximately HKD 62.3 million to approximately HKD 75.2 million, with the gross profit margin rising from approximately 7.1% to approximately 8.1%[16]. - Administrative expenses rose from approximately HKD 16.0 million to approximately HKD 22.5 million, primarily due to increased employee costs[18]. - The financing costs slightly decreased by approximately HKD 0.1 million due to reduced bank loan interest[21]. - The effective tax rate for the year was approximately 17.0%, which is close to the actual tax rate of 16.5% after excluding non-deductible listing expenses[22]. - The company did not recommend the payment of a final dividend for the year ended March 31, 2020[24]. - As of March 31, 2020, the group maintained a healthy financial position with cash and bank balances of approximately HKD 73.4 million, down from HKD 91.9 million in 2019[25]. - The total interest-bearing borrowings amounted to approximately HKD 8.9 million as of March 31, 2020, compared to HKD 7.2 million in 2019, resulting in a debt-to-equity ratio of approximately 4.8%[26]. - The group had a current ratio of approximately 2.7 as of March 31, 2020, an increase from 2.3 in 2019[25]. - The total employee cost for the year ended March 31, 2020, was approximately HKD 84.6 million, up from HKD 60.1 million in 2019, with a total of 304 employees compared to 250 in 2019[38]. Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules, ensuring transparency and accountability[74]. - The board consists of executive directors including the chairman and CEO, which enhances the efficiency of strategy formulation and implementation[76]. - The company has appointed three independent non-executive directors, with one possessing appropriate qualifications in accounting and financial management[79]. - The company is committed to maintaining good corporate governance practices since its listing, which is essential for effective management and business development[74]. - The management team has extensive experience in the construction industry, with key members having over 22 years and 25 years of experience respectively[65][66]. - The financial director oversees the company's financial activities, budgeting, and forecasting, ensuring sound financial management[69]. - The company has a structured approach to project management, with senior project managers responsible for overseeing construction projects[66]. - The company emphasizes continuous improvement in corporate governance standards to meet regulatory expectations[74]. - The board of directors is responsible for leading and monitoring the company's overall business, ensuring high levels of corporate governance[80]. - The audit committee, consisting of three independent non-executive directors, reviews and supervises the financial reporting process and risk management systems[82]. - The remuneration committee held one meeting during the year to review the compensation of executive directors and senior management[86]. - The nomination committee is responsible for reviewing the board's structure and recommending suitable candidates for board membership[89]. - The audit committee met three times during the year to review the consolidated financial statements and internal control systems[85]. - The company has confirmed the independence of its independent non-executive directors in accordance with listing rules[80]. - The remuneration committee's recommendations ensure that no director determines their own remuneration[86]. - The nomination policy aims to ensure a balanced board with the necessary skills and diverse perspectives for the company's business needs[93]. - The company has established specific written terms of reference for each committee to assist in fulfilling their responsibilities[81]. - The board regularly reviews the allocation of duties and responsibilities among executive directors and senior management[80]. - The nomination committee will evaluate candidates for board positions based on various criteria, including internal promotions and external recommendations[98]. - The board plans to hold approximately four meetings annually, with all directors attending all meetings during the reporting period[111]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with listing rules[104]. - The board diversity policy aims to enhance performance quality by considering measurable criteria such as gender, age, and professional experience[106]. - The nomination committee will regularly review the board's structure and diversity policy to ensure alignment with the company's business needs[103]. - Independent non-executive directors are appointed for an initial term of three years and are subject to re-election[117]. - The company ensures that all directors have access to necessary information and resources to fulfill their responsibilities[116]. - The board has established a mechanism for the re-election of directors, ensuring compliance with governance codes[118]. - The nomination committee will propose recommendations for the re-election of retiring directors at the annual general meeting[99]. - The company has not identified any breaches of the standard code of conduct by directors since its listing date[104]. - The board of directors emphasizes the importance of continuous professional development and encourages participation in relevant seminars to enhance knowledge and skills[119]. - As of March 31, 2020, all executive directors participated in training related to corporate governance and regulatory updates[122]. Risk Management and Internal Control - The external auditor, Deloitte, provided an independent opinion on the consolidated financial statements, confirming no significant uncertainties affecting the group's ability to continue as a going concern[123]. - The board conducted a regular review of the effectiveness of the internal control system, which was deemed effective and sufficient[129]. - The total fees paid or payable to the external auditor for audit and non-audit services amounted to HKD 3,023,000, with audit fees at HKD 1,050,000 and non-audit fees at HKD 1,973,000[132]. - The group has adopted a three-tier risk management approach to identify, analyze, assess, mitigate, and respond to risks[130]. - The board is responsible for establishing and maintaining the internal control system to safeguard shareholder investments and group assets[124]. - The company has no internal audit function; external independent consultants conduct the annual review of internal controls[129]. - The board is committed to ensuring that risk management is integrated into daily operations[130]. Environmental, Social, and Governance (ESG) - The company has committed to reducing its environmental impact and maintaining green operations, with a focus on providing RMAA services[157]. - During the reporting period, the company did not generate or consume significant hazardous waste or harmful materials[159]. - The company has implemented measures to comply with local environmental laws, including air and noise pollution control[158]. - The board is responsible for assessing and determining the company's environmental, social, and governance (ESG) risks and ensuring effective management systems are in place[150]. - The company will continue to evaluate its business impact on key ESG aspects and incorporate this into its reporting[152]. - The environmental, social, and governance report is prepared in accordance with the guidelines set out in the listing rules[153]. - The company has established multiple communication channels with shareholders and investors, including annual meetings and reports[143]. - The company has received no significant violations of environmental protection laws during the reporting period[158]. - In 2020, nitrogen oxides emissions were 539.30 kg, a decrease from 588.11 kg in 2019, representing a reduction of approximately 8.3%[163]. - Total greenhouse gas emissions in 2020 were 286,806.00 kg CO2 equivalent, up from 276,855.25 kg in 2019, indicating an increase of about 3.7%[163]. - The energy consumption in 2020 totaled 931,338.89 kWh, compared to 907,724.69 kWh in 2019, reflecting an increase of approximately 2.6%[169]. - The company consumed 1,700 kg of paper in the reporting period, an increase from 1,365 kg in 2019, which is a rise of about 24.5%[173]. - Direct emissions (Scope 1) in 2020 were 256,058.61 kg CO2 equivalent, slightly up from 251,211.43 kg in 2019, marking an increase of around 1.5%[163]. - Indirect emissions (Scope 2) rose to 30,747.39 kg CO2 equivalent in 2020 from 25,643.82 kg in 2019, which is an increase of approximately 19.5%[163]. - The energy density in 2020 was 1.00 kWh per thousand HKD revenue, down from 1.03 kWh in 2019[169]. - The company implemented measures to reduce paper usage, promoting double-sided printing and electronic communication[172]. - The company emphasizes effective resource utilization, focusing on reducing waste and implementing recycling programs[164]. Employment Practices - The company has not reported any significant non-compliance incidents related to employment during the reporting period[180]. - No work-related injury cases were reported during the reporting period[185]. - The company strictly adheres to the Hong Kong Employment Ordinance and other relevant labor laws, prohibiting child labor and forced labor[190]. - The company has established a list of approved suppliers and subcontractors based on performance evaluations and compliance with safety standards[192]. - There were no disputes regarding the quality of work performed by the company or its subcontractors during the reporting period[197]. - The company has implemented a whistleblowing policy to promote business ethics and integrity, with no legal cases related to corruption or money laundering reported during the period[200].