ASIA-PAC FINANCIAL INVESTMENT COMPANY LIMITED 亞太金融投資有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8193） 2025 年 報 ANNUAL REPORT 2025 年報 ASIA-PAC FINANCIAL INVESTMENT COMPANY LIMITED 亞太金融投資有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意投 資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證券承受較大的市場波動風險，同時無 法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就因本報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有關亞太金融投資有限 ...

Annual Report 年報 2025 2025 ANNUAL REPORT 年報 CONTENTS 目錄 P.2-3 Corporate Information 公司資料 P.25-29 Profile of Directors and Senior Management 董事及高級 管理人員履歷 P.4-5 Financial Highlights 財務摘要 P.30-56 Corporate Governance Report 企業管治報告 P.119-130 Independent Auditor's Report 獨立核數師報告 P.131 Consolidated Statement of Profit or Loss 綜合損益表 P.6-7 Chairman's Statement 主席報告 P.57-98 Environmental, Social and Governance Report 環境、社會及管治報告 P.132 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及 其他全面收 ...

目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 五年財務概要 | 3 | | 行政總裁報告 | 4 | | 董事履歷 | 5 | | 企業管治報告 | 9 | | 董事會報告 | 19 | | 環境、社會及管治報告 | 46 | | 獨立核數師報告 | 73 | | 綜合損益及其他全面收入表 | 78 | | 綜合財務狀況表 | 79 | | 綜合權益變動表 | 81 | | 綜合現金流量表 | 82 | | 綜合財務報表附註 | 84 | 二零二五年報 中國融眾金融控股有限公司 1 公司資料 公司名稱 中國融眾金融控股有限公司 股份代號 03963 董事會 執行董事 黃凱恩女士 非執行董事 劉曉峰先生 黃悅怡女士 黃逸怡女士 黃銘斌先生 獨立非執行董事 李志榮先生 廖子慧先生 吳旭洋先生 審核委員會 李志榮先生（主席） 劉曉峰先生 廖子慧先生 吳旭洋先生 黃銘斌先生 提名委員會 廖子慧先生（主席） 劉曉峰先生 李志榮先生 吳旭洋先生 黃逸怡女士 薪酬委員會 廖子慧先生（主席） 劉曉峰先生 李志榮先生 吳旭洋先生 黃逸怡女士 風險管理委員會 黃凱恩女士（主席） 廖子慧先生 黃 ...

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized compa ...

2024/25 ANNUAL REPORT 年 報 Annual Report 2024/25 年報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given th ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) This chapter provides essential corporate information for Biga Group Holdings Limited, including board composition, key committees, and contact details [Corporate Information](index=3&type=section&id=Corporate%20Information) This chapter provides essential corporate information for Biga Group Holdings Limited, including board composition, key committees, and contact details - The company's Board of Directors comprises several executive and independent non-executive directors, including the renowned filmmaker **Mr. Stephen Chow**[10](index=10&type=chunk) - The company has established Audit, Remuneration, and Nomination Committees, all chaired by independent non-executive directors, ensuring the independence of corporate governance[10](index=10&type=chunk)[11](index=11&type=chunk)[12](index=12&type=chunk) [Directors' Business Review](index=6&type=section&id=Directors'%20Business%20Review) The Group's core businesses, including cinema, film entertainment, licensing, and new media, saw varied performance, with new media and strategic partnerships poised for future growth [Business Review](index=7&type=section&id=Business%20Review) The Group's core businesses, including cinema, film entertainment, licensing, and new media, saw varied performance, with new media and strategic partnerships poised for future growth Business Segment Performance FY2025 | Business Segment | FY2025 Performance | | :--- | :--- | | **Cinema Business** | Revenue approximately **HKD 2.7 million**, a year-on-year decrease, primarily due to the sluggish Chinese film market and 1.5-month closure of Hangzhou cinema for maintenance | | **Film Entertainment Business** | No revenue this year, but a strategic cooperation agreement with Beijing iQIYI has resulted in significant advance cash payments, expected to be a major revenue driver for the next five years | | **Licensing Business** | Authorized "King of Comedy" and "The New King of Comedy" IPs, launching "King of Comedy Stand-up Season 1," recognizing service fee revenue of approximately **HKD 6.2 million** | | **New Media Business (MCN)** | Established joint venture Xingfeng, engaged in talent incubation and new media promotion, generating revenue of approximately **HKD 0.93 million** | | **New Media Business (Marketing)** | Established joint venture Xingyu, engaged in internet information services and marketing planning, generating revenue of approximately **HKD 3.27 million** | - The Group entered into a strategic cooperation with Beijing iQIYI and Zhouling Culture Media, valid until July 2029, where Beijing iQIYI handles distribution and financing, while the company provides IP and engages Mr. Stephen Chow for creative input, having received an initial payment of **RMB 50 million (approximately HKD 54.2 million)**[27](index=27&type=chunk)[30](index=30&type=chunk)[49](index=49&type=chunk) [Financial Review](index=13&type=section&id=Financial%20Review) Total turnover increased by 55% to HKD 12.1 million, driven by new media, but administrative and share-based payment expenses led to a 92.6% increase in annual loss to HKD 23.3 million Financial Performance Summary | Financial Metric | FY2025 (HKD) | FY2024 (HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Turnover | Approx. **HKD 12.1 million** | Approx. **HKD 7.8 million** | +55.1% | | Annual Loss | Approx. **HKD 23.3 million** | Approx. **HKD 12.1 million** | +92.6% | | Administrative Expenses | Approx. **HKD 20.2 million** | Approx. **HKD 13.2 million** | +53.0% | | Share-based Payment Expenses | **HKD 4.6 million** | **HKD 0** | N/A | [Liquidity, Debt Ratio, Financial Resources and Capital Structure](index=13&type=section&id=Liquidity,%20Debt%20Ratio,%20Financial%20Resources%20and%20Capital%20Structure) Total assets increased to HKD 53.4 million and cash to HKD 40.2 million, with the Board confident in liquidity despite a 1.59 debt ratio, supported by HKD 54.2 million in advance production costs Financial Position Summary | Metric | March 31, 2025 (HKD) | March 31, 2024 (HKD) | | :--- | :--- | :--- | | Total Assets | Approx. **HKD 53.4 million** | Approx. **HKD 14.9 million** | | Cash and Cash Equivalents | Approx. **HKD 40.2 million** | Approx. **HKD 13.6 million** | | Debt Ratio | **1.59** | **1.93** | - The Board believes the Group has sufficient working capital, as approximately **HKD 54.2 million** in other payables represents initial production costs from the Beijing iQIYI collaboration, which will be recognized as revenue upon project completion[59](index=59&type=chunk)[63](index=63&type=chunk) [Employees](index=14&type=section&id=Employees) Employee headcount significantly increased from 28 to 102 to support new business, leading to a rise in total employee costs from HKD 6.4 million to HKD 10 million Employee Data | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Number of Employees | **102** | **28** | | Total Employee Costs | Approx. **HKD 10 million** | Approx. **HKD 6.4 million** | [Outlook](index=16&type=section&id=Outlook) The Group will cautiously manage cinema operations while prioritizing film entertainment, new media, and IP licensing, with strategic partnerships and new ventures expected to drive future growth - Film Entertainment, New Media Development, and Licensing Businesses: The collaboration with Beijing iQIYI is expected to be a primary driver of future growth, anticipating significant increases in FY2025/2026 and beyond[80](index=80&type=chunk)[82](index=82&type=chunk) - New Business Expansion: - **Film-themed Tourbillon Watches**: Joint venture BGM with Memorigin has generated approximately **HKD 2.34 million** in revenue[83](index=83&type=chunk)[84](index=84&type=chunk) - **Overall IP Licensing**: Plans to license IPs such as "The Mermaid" and "CJ7" to third parties or establish joint ventures for commercialization[90](index=90&type=chunk) - **AIGC Game Investment**: Invested in Hangzhou Jiyi, which owns the AIGC large model "Xingyi," holding a **12% equity stake** to explore potential in the gaming sector[99](index=99&type=chunk)[103](index=103&type=chunk) - **IP Consulting**: Renewed technical consulting agreement with New Fire Asset Management to provide IP project consulting for investment funds[105](index=105&type=chunk) - Cinema Business: Given the slower-than-expected economic growth in mainland China and changes in viewing patterns, the Group will adopt a more cautious approach and closely monitor this business segment[78](index=78&type=chunk)[81](index=81&type=chunk) [Directors and Senior Management](index=22&type=section&id=Directors%20and%20Senior%20Management) This chapter outlines the extensive experience and qualifications of the company's executive and independent non-executive directors across film production, finance, and marketing [Directors and Senior Management](index=22&type=section&id=Directors%20and%20Senior%20Management) This chapter outlines the extensive experience and qualifications of the company's executive and independent non-executive directors across film production, finance, and marketing - Key members of the executive director team include **Mr. Stephen Chow** and **Ms. Amy Chow Man Kei**, who possess over **30 years** and **20 years** of senior experience in the film industry, respectively[114](index=114&type=chunk)[115](index=115&type=chunk) - The independent non-executive director team, comprising **Ms. Choi Mei Ping**, **Mr. Tsui Wing Tak**, and **Ms. Chan Yat Ching**, brings professional backgrounds in marketing, corporate finance, and accounting, providing independent expert advice to the Board[126](index=126&type=chunk)[127](index=127&type=chunk)[128](index=128&type=chunk) [Corporate Governance Report](index=25&type=section&id=Corporate%20Governance%20Report) The company maintains high corporate governance standards, with the Board, comprising six executive and three independent non-executive directors, sharing Chairman and CEO responsibilities [Board Composition and Operation](index=26&type=section&id=Board%20Composition%20and%20Operation) The company maintains high corporate governance standards, with the Board, comprising six executive and three independent non-executive directors, sharing Chairman and CEO responsibilities - The company did not appoint a Chairman and Chief Executive Officer during this reporting year, with their responsibilities jointly shared by Board members, which deviates from the corporate governance code's recommendation on role separation[153](index=153&type=chunk)[154](index=154&type=chunk) - The Board consists of **nine directors**, including **six executive directors** and **three independent non-executive directors**, and the company believes all independent non-executive directors meet independence requirements[141](index=141&type=chunk)[144](index=144&type=chunk) [Committee Reports](index=34&type=section&id=Committee%20Reports) The company's Remuneration, Nomination, and Audit Committees, all chaired by independent non-executive directors, oversee compensation, board nominations, financial reporting, and internal controls - The chairpersons of the Remuneration, Nomination, and Audit Committees are all independent non-executive directors, and independent non-executive directors constitute a majority in each committee[185](index=185&type=chunk)[192](index=192&type=chunk)[204](index=204&type=chunk) - The Nomination Committee has adopted a Board diversity policy, considering various factors such as gender, age, cultural background, and professional experience when selecting candidates[199](index=199&type=chunk) [Risk Management and Internal Control](index=40&type=section&id=Risk%20Management%20and%20Internal%20Control) The Board oversees risk management and internal control, with an independent consultant confirming the effectiveness and sufficiency of the COSO-based system, finding no significant issues - The company has engaged an independent professional consultant for its annual internal audit, and based on their review, the Board considers the Group's risk management and internal control systems to be effective and sufficient[222](index=222&type=chunk) - The company has established policies for handling and disseminating inside information to ensure compliance and prevent unfair trading[223](index=223&type=chunk) [Shareholder Rights and Communication](index=44&type=section&id=Shareholder%20Rights%20and%20Communication) The report details shareholder rights, including convening meetings and making inquiries, with the company maintaining communication through general meetings, its website, and official reports - Shareholders holding not less than **one-tenth** of the company's paid-up capital have the right to request the convening of an extraordinary general meeting[232](index=232&type=chunk) - Shareholders can submit inquiries to the Board via email or post, and also ask questions directly at general meetings[237](index=237&type=chunk)[239](index=239&type=chunk) [Directors' Report](index=46&type=section&id=Directors'%20Report) The company's principal activities include investment holding and various entertainment businesses, recording a loss for the period, with no final dividend recommended by the Board [Principal Activities and Financial Summary](index=47&type=section&id=Principal%20Activities%20and%20Financial%20Summary) The company's principal activities include investment holding and various entertainment businesses, recording a loss for the period, with no final dividend recommended by the Board - The company's principal business is investment holding, with its subsidiaries' main activities detailed in Note 35 to the financial statements[248](index=248&type=chunk) - The Board does not recommend the payment of a final dividend for the year ended March 31, 2025[249](index=249&type=chunk) [Major Customers and Suppliers](index=50&type=section&id=Major%20Customers%20and%20Suppliers) The Group experienced high customer and supplier concentration, with the top five customers accounting for 75.82% of sales and the top five suppliers for 76.31% of procurement Concentration Metrics | Concentration Metric | Percentage of Total | | :--- | :--- | | Sales to Top Five Customers | **75.82%** | | Sales to Largest Customer | **40.14%** | | Purchases from Top Five Suppliers | **76.31%** | | Purchases from Largest Supplier | **46.09%** | [Share Option Scheme](index=56&type=section&id=Share%20Option%20Scheme) A new share option scheme was adopted in February 2024, replacing the expired one, with 8,930,060 options granted this year, totaling 12,342,060 outstanding options as of March 31, 2025 - The company adopted a new share option scheme ("New Scheme") on February 8, 2024, to replace the expired old scheme[317](index=317&type=chunk) - As of March 31, 2025, the company had **12,342,060** outstanding share options, of which **8,930,060** were granted during the current year under the New Scheme[335](index=335&type=chunk)[337](index=337&type=chunk) [Connected Transactions](index=62&type=section&id=Connected%20Transactions) The Group engaged in two discloseable continuing connected transactions: an IP licensing agreement with Star Overseas Limited (HKD 1.3 million paid) and a promotion service framework agreement with Shenzhen Xinfeng Wenchuan Development Co., Ltd - An IP licensing agreement was signed with Star Overseas Limited (wholly owned by Executive Director Ms. Amy Chow Man Kei) for "The New King of Comedy" IP, with **HKD 1.3 million** in royalties paid this year[344](index=344&type=chunk)[354](index=354&type=chunk) - A promotion service framework agreement was signed with Shenzhen Xinfeng Wenchuan Development Co., Ltd., which holds a **49% equity stake** in Xingfeng, a non-wholly owned subsidiary of the Group, for a term of two years[355](index=355&type=chunk)[356](index=356&type=chunk) [Environmental, Social and Governance Report](index=66&type=section&id=Environmental,%20Social%20and%20Governance%20Report) The Board oversees ESG strategy and risk management, integrating key issues like data privacy, safety, and operational security into the enterprise risk management framework [ESG Governance and Risk Management](index=70&type=section&id=ESG%20Governance%20and%20Risk%20Management) The Board oversees ESG strategy and risk management, integrating key issues like data privacy, safety, and operational security into the enterprise risk management framework - The Board assumes ultimate responsibility for ESG and has integrated ESG risks into the overall risk management system[385](index=385&type=chunk)[388](index=388&type=chunk) - The four most material ESG issues identified this year are: personal data privacy protection, data security, occupational health and safety, and operational safety management[397](index=397&type=chunk)[400](index=400&type=chunk) [Environmental Aspects](index=76&type=section&id=Environmental%20Aspects) The Group's direct environmental impact is minimal, with reduced emissions and consumption due to cinema closures, while actively managing environmental risks and promoting green practices Environmental Performance Indicators | Environmental Performance Indicator | Unit | FY2025 | FY2024 | | :--- | :--- | :--- | :--- | | Greenhouse Gas Emissions (Scope 2) | tonnes of CO2 equivalent | **154** | **305** | | Non-hazardous Waste Generated | kg | **6,754** | **23,234** | | Electricity Consumption | kWh | **258,501** | **393,823** | - The Group has identified and formulated measures to address both physical risks (e.g., typhoons, floods) and transition risks (e.g., stricter regulations) posed by climate change[433](index=433&type=chunk) [Social Aspects](index=82&type=section&id=Social%20Aspects) The Group prioritizes employee welfare, health, and safety, with increased headcount and reduced turnover, while upholding strict standards for data privacy, intellectual property, and anti-corruption Employee Data | Employee Data | FY2025 | FY2024 | | :--- | :--- | :--- | | Total Employees | **102** | **28** | | Employee Turnover Rate | **6.86%** | **28.6%** | - The Group strictly adheres to regulations concerning advertising, marketing, and intellectual property, and signs confidentiality agreements with all contractors and business partners to prevent infringement[478](index=478&type=chunk)[486](index=486&type=chunk) - The Group has established an "Anti-Bribery/Anti-Corruption Policy" and maintains a zero-tolerance stance on unethical business practices such as corruption and bribery, with no corruption-related lawsuits found this year[494](index=494&type=chunk)[495](index=495&type=chunk) [Independent Auditor's Report](index=94&type=section&id=Independent%20Auditor's%20Report) The auditor issued an unmodified opinion on the financial statements but highlighted a material uncertainty regarding going concern due to multi-year losses and capital deficiency, with revenue recognition as a key audit matter [Independent Auditor's Report](index=94&type=section&id=Independent%20Auditor's%20Report) The auditor issued an unmodified opinion on the financial statements but highlighted a material uncertainty regarding going concern due to multi-year losses and capital deficiency, with revenue recognition as a key audit matter - The auditor's opinion is unmodified, stating that the financial statements present a true and fair view[501](index=501&type=chunk) - The report emphasizes a "material uncertainty related to going concern," noting that the Group's multi-year losses, a net loss of **HKD 23.262 million** for the current year, and a capital deficiency of **HKD 31.723 million** may cast significant doubt on its ability to continue as a going concern; this matter does not affect the auditor's opinion[505](index=505&type=chunk)[508](index=508&type=chunk) - A key audit matter is "Revenue from cinema investment and management business and film entertainment, new media development and licensing business," due to its material quantitative significance to the consolidated statement of profit or loss[511](index=511&type=chunk) [Audited Consolidated Financial Statements](index=101&type=section&id=Audited%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information for the consolidated financial statements, covering accounting policies, segment information, and key financial details [Consolidated Statement of Profit or Loss](index=101&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) Revenue increased by 55% to HKD 12.114 million, but higher administrative and share-based payment costs led to an expanded annual loss of HKD 23.262 million Consolidated Statement of Profit or Loss Summary (HKD thousand) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | **12,114** | **7,848** | | Gross Profit | **6,165** | **4,323** | | Administrative Expenses | **(20,244)** | **(13,241)** | | Share-based Payments | **(4,591)** | **–** | | **Loss for the Year** | **(23,262)** | **(12,073)** | | Loss Attributable to Owners of the Company | **(21,447)** | **(12,781)** | | Basic Loss Per Share (HK cents) | **(20.89)** | **(12.45)** | [Consolidated Statement of Financial Position](index=103&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Total assets increased to HKD 53.388 million, while total liabilities rose to HKD 85.111 million, resulting in an expanded capital deficiency of HKD 31.723 million Consolidated Statement of Financial Position Summary (HKD thousand) | Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **53,388** | **14,883** | | Current Assets | **52,425** | **14,271** | | Non-current Assets | **963** | **612** | | **Total Liabilities** | **85,111** | **28,796** | | Current Liabilities | **84,569** | **12,771** | | Non-current Liabilities | **542** | **16,025** | | **Net Liabilities** | **(31,723)** | **(13,913)** | | **Total Capital Deficiency** | **(31,723)** | **(13,913)** | [Consolidated Statement of Cash Flows](index=106&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Net cash inflow from operating activities significantly improved to HKD 27.72 million, driven by advance production costs, with period-end cash and cash equivalents rising to HKD 40.226 million Consolidated Statement of Cash Flows Summary (HKD thousand) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | **27,720** | **(8,202)** | | Net Cash from Investing Activities | **1** | **213** | | Net Cash Used in Financing Activities | **(952)** | **(1,341)** | | Increase/(Decrease) in Cash and Cash Equivalents | **26,769** | **(9,330)** | | **Cash and Cash Equivalents at End of Period** | **40,226** | **13,593** | [Notes to the Consolidated Financial Statements](index=109&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information for the consolidated financial statements, covering accounting policies, segment information, and key financial details - Note 2 explicitly states that, given the Group's multi-year losses and capital deficiency, there is a material uncertainty that may cast significant doubt on its ability to continue as a going concern[548](index=548&type=chunk)[550](index=550&type=chunk) - Note 7 discloses segment information, indicating that revenue from film entertainment, new media development, and licensing businesses has surpassed that of traditional cinema investment and management businesses[825](index=825&type=chunk) - Note 26 explains the significant increase in "Other payables and accrued charges," primarily due to the inclusion of **HKD 54.18 million** in initial production costs received in advance from customers[952](index=952&type=chunk) [Five-Year Financial Summary](index=216&type=section&id=Five-Year%20Financial%20Summary) This chapter summarizes the Group's five-year financial performance (2021-2025), showing consistent losses and a net liability position since FY2023 [Five-Year Financial Summary](index=216&type=section&id=Five-Year%20Financial%20Summary) This chapter summarizes the Group's five-year financial performance (2021-2025), showing consistent losses and a net liability position since FY2023 Five-Year Financial Data Summary (HKD thousand) | Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | **12,114** | **7,848** | **5,522** | **8,494** | **6,860** | | **Loss Attributable to Owners of the Company** | **(21,447)** | **(12,781)** | **(9,030)** | **(13,779)** | **(21,488)** | | **Total Assets** | **53,388** | **14,883** | **24,160** | **35,407** | **43,948** | | **Total Liabilities** | **85,111** | **(28,796)** | **(26,280)** | **(30,760)** | **(35,127)** |

2024 25 ANNUAL REPORT 年 報 中國投融資集團有限公司 China Investment and Finance Group Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) (Stock Code 股份代號:1226) ANNUAL REPORT 2024/25 年 報 China Investment and Finance Group Limited 中國投融資集團有限公司 01 Annual Report 2024/25 年 報 CONTENTS 目錄 | | Pages | | --- | --- | | | 頁次 | | CORPORATE INFORMATION | 2 | | 公司資料 | | | STATEMENT FROM THE MANAGEMENT | 4 | | 管理層報告書 | | | BIOGRAPHICAL DETAILS OF DIRECTORS | 20 | | 董事簡介 | | | DIRECTORS' REPORT | 22 | | ...

China New Holdings Limited 中 新 控 股 有 限 公 司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司） (formerly known as Royal Century Resources Holdings Limited) (前稱仁德資源控股有限公司） Stock code 股份代號：8125 年報 Annual Report 2024/2025 China New Holdings Limited 中 新 控 股 有 限 公 司 China New Holdings Limited Annual R e p ort 年報 2 0 2 4/2 5 中 新 控 股 有 限 公 司 Annual Report 2024/2025 1 二零二四年╱二零二五年度報告 CHARACTERISTICS OF GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned ...

公司資料 執行董事 獨立非執行董事 財務總裁 ■ 王錫基先生 公司秘書 主要往來銀行 核數師 主要法律顧問 ■ 禮德律師事務所 主要股份過戶登記處 Conyers Corporate Services (Bermuda) Limited Clarendon House, 2 Church Street Hamilton HM 11 Bermuda 香港股份過戶登記分處 卓佳秘書商務有限公司 香港夏愨道16號 遠東金融中心17樓 註冊辦事處 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 國際總部 香港北角馬寶道28號 華匯中心27樓 電話：+ 852 3198 0330 傳真：+ 852 2362 5576 投資者及股票分析員如有查詢，請 聯絡： 投資者關係部 香港北角馬寶道28號 華匯中心13樓 呂佩怡女士 ■ 花旗銀行 ■ 德意志銀行 ■ 恒生銀行有限公司 ■ 渣打銀行（香港）有限公司 ■ 國富浩華（香港）會計師事務所 有限公司 執業會計師 註冊公眾利益實體核數師 （委任由二零二五年三月六日起 生效） ■ 羅兵咸永道會計師事務所 執業會計師 註 ...

目 錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 3 | | 董事及高級管理層 | 5 | | 管理層討論及分析 | 9 | | 董事會報告 | 18 | | 企業管治報告 | 26 | | 獨立核數師報告 | 42 | | 綜合損益及其他全面收益表 | 47 | | 綜合財務狀況表 | 49 | | 綜合權益變動表 | 51 | | 綜合現金流量表 | 52 | | 財務報表附註 | 53 | | 五年財務概要 | 116 | 公司資料 董事 執行董事 林景生先生 （行政總裁） 譚瑞堅先生 非執行董事 鄭志明先生 （主席） 李志軒先生 呂施施女士 獨立非執行董事 周紹榮先生 黄文宗先生 陳定邦先生 董事會委員會 執行委員會 林景生先生 （主席） 譚瑞堅先生 審核委員會 黄文宗先生 （主席） 鄭志明先生 周紹榮先生 陳定邦先生 李志軒先生 薪酬委員會 陳定邦先生 （主席） 周紹榮先生 黄文宗先生 李志軒先生 提名委員會 周紹榮先生 （主席） 黄文宗先生 陳定邦先生 李志軒先生 呂施施女士 公司秘書 核數師 畢馬威會計師事務所 執業會計師 根據會計及財務匯報局條例註冊的公眾利益實體 ...