Electronic Payment Solutions - The company provides diversified electronic payment solutions, enhancing merchant business expansion and increasing sales through integrated payment channels [26]. - The company aims to improve transaction success rates and promote business growth by meeting various customer needs with its comprehensive services [26]. - The company is committed to creating a convenient electronic payment bridge to meet the needs of different user groups, from local transactions to cross-border consumption [29]. - The company reported a significant increase in user engagement and transaction volume in its electronic wallet services, although specific figures were not disclosed [40]. - The company plans to continue developing its core competencies in the electronic payment sector to meet global customer needs [41]. - The company aims to enhance its electronic payment services in Macau and expand its business into complementary areas such as e-commerce and marketing technology services [41]. - The company has integrated multiple payment channels to enhance transaction success rates and drive business growth, contributing to a diversified electronic payment solution [45]. - MPay has become an essential part of daily life for Macau residents, expanding its cross-border payment services to over 40 countries and regions, including 8 countries and Hong Kong [51]. - The group has expanded its MPay cross-border payment services to over 40 countries and regions, enhancing the convenience of cross-border payments for users [148]. - MPay has integrated with 13 debit card issuers and 5 credit card issuers in Macau, facilitating comprehensive electronic wallet services [168]. - The group has implemented advanced security measures, including end-to-end encryption and multi-factor authentication, to ensure user transaction safety [167]. - MPay has achieved a high payment success rate and millisecond-level response time, enhancing user payment experience [170]. - The company aims to enhance the digital payment ecosystem for Macau residents, facilitating seamless international transactions and improving consumer satisfaction [173]. Lottery Business - The company is actively developing professional lottery hardware and services for the Chinese lottery market, aiming to boost lottery sales and provide returns to players [26]. - The lottery business remains a core component of the company's strategy, with ongoing upgrades to hardware and software to enhance sales channels and support the national lottery initiative [52]. - The company has established a strategy to support lottery institutions through physical channel expansion and innovative lottery hardware [41]. - The company collaborates with government lottery agencies to introduce new distribution channels for the Chinese lottery market [143]. - The company emphasizes the core value of "luck" through its lottery products and services aimed at bringing fortune to Chinese lottery players and society [54]. Corporate Governance - The board is committed to maintaining high standards of corporate governance to enhance transparency and protect shareholder interests [56]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring a balanced board composition with independent non-executive directors constituting at least one-third of the total board [56]. - The audit committee meets twice a year with external auditors to enhance communication regarding financial reporting and risk management [56]. - The company has established a remuneration committee to review and recommend compensation policies for senior management [59]. - The company has conducted annual reviews of the contributions of each director and the independence of independent non-executive directors [57]. - The company has established a risk management and internal control committee to oversee ongoing responsibilities related to risk management [56]. - The company emphasizes strong governance and compliance culture across all levels, aligning with its mission and values [66]. - The board consists of a mix of executive, non-executive, and independent non-executive directors, ensuring compliance with GEM listing rules regarding independence [63]. - The company has established mechanisms to ensure the board can obtain independent opinions, which are reviewed annually [73]. - The company has adopted a policy for directors to seek independent professional advice, with costs covered by the company upon board approval [65]. - The company has established a Corporate Governance Committee to assist the board in fulfilling corporate governance responsibilities, with a focus on compliance with regulations and guidelines [91]. - The company has received annual confirmations from independent non-executive directors regarding their independence, with no director serving on the board for more than nine years [72]. Community Engagement and Social Responsibility - The company has a focus on community services to provide more convenience and value to the public [26]. - The company actively participates in community sports and charity events, contributing to social welfare and job creation [145]. - The company encourages employee participation in community service, promoting a culture of social responsibility [161]. - The group has established a charity volunteer team to organize regular community service activities, reinforcing its commitment to social responsibility [165]. - The company emphasizes the importance of stakeholder engagement for sustainable management and business success [134]. Sustainability and Environmental Impact - The company aims to integrate development strategies with technological innovation and sustainable growth for long-term business sustainability [129]. - The sustainability management goal is to promote business development while managing the environmental and social impacts of operations [133]. - The company promotes the use of recyclable packaging for lottery hardware products and payment machines [191]. - The company has committed to creating a green low-carbon office environment, implementing measures to reduce paper consumption and promote recycling [151]. - The group has implemented energy-saving measures in its offices, encouraging employees to adopt energy-efficient practices [186]. - The company aims to limit annual growth in paper and electricity consumption to no more than 10% or based on the higher percentage of total revenue growth [190]. Employee Development and Diversity - The workforce consists of approximately 413 employees with expertise in electronic payments, lottery, mobile gaming, and information technology, providing a strong foundation for future growth [47]. - The company emphasizes a diverse and inclusive work environment, promoting equal opportunities and prohibiting discrimination [196]. - The total number of employees as of March 31, 2024, is 413, an increase from 333 on December 31, 2022, representing a growth of approximately 24% [198]. - The gender distribution of employees is 59.8% male (247) and 40.2% female (166) [198]. - The company has a policy to actively seek female candidates for board positions to ensure compliance with gender diversity standards [113]. Financial Performance - The company’s revenue increased by approximately 118.1% during the fifteen-month period ending March 31, 2024 [190]. - The number of employees increased by approximately 24% during the fifteen-month period compared to 2022 [189]. - The total issuance of Macau Tong cards has exceeded 5 million, with various co-branded cards being well received in the market [169]. - The company plans to launch additional basic business data analysis features for merchants, allowing them to view transaction trends over the past 30 days [160]. Risk Management - The risk management and internal control committee meets at least four times a year to review the adequacy of risk management systems [146]. - The risk management and internal control committee identified various risk areas affecting the group, including operational, budgetary, liquidity, foreign exchange, credit, legal compliance, cybersecurity, and political risks [95]. - The company has established a dedicated risk control team to enhance transaction security and combat illegal activities, ensuring user privacy and data security [153]. - The company has implemented a fraud disclosure mechanism allowing employees to confidentially report concerns related to financial reporting and risk management [99].
亚博科技控股(08279) - 2024 - 年度财报