Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million for the fiscal year, representing a YY% growth compared to the previous year[12]. - User data showed a growth in active users, reaching ZZ million, which is an increase of AA% year-over-year[12]. - The company provided guidance for the next fiscal year, projecting revenue growth of BB% and aiming for a total revenue of $CC million[12]. - The company reported a comprehensive financial statement for the year ending March 31, 2024[170]. Product Development and Innovation - New product launches included the introduction of a state-of-the-art catering service, expected to contribute an additional $DD million in revenue[12]. - The company is investing in new technology development, with a budget allocation of $EE million for R&D initiatives aimed at enhancing service efficiency[12]. Market Expansion and Strategy - Market expansion plans include entering the Asian market, targeting a market share increase of FF% within the next two years[12]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the food service sector[12]. Sustainability and Environmental Impact - A new sustainability strategy was announced, aiming to reduce operational carbon footprint by GG% over the next five years[12]. - The total greenhouse gas emissions for the year ending March 31, 2024, amounted to 121.52 tons of CO2 equivalent, an increase from 115.56 tons in the previous year[105]. - Energy indirect greenhouse gas emissions (Scope 2) were reported at 104.79 tons of CO2 equivalent, up from 100.16 tons in the previous year, indicating a 6.6% increase[105]. - Indirect greenhouse gas emissions (Scope 3) rose to 16.73 tons of CO2 equivalent from 15.40 tons, reflecting an increase of 8.7%[105]. - The greenhouse gas emissions density per employee decreased to 0.74 tons of CO2 equivalent from 0.79 tons, showing a reduction of 6.3%[105]. - The company aims to reduce total greenhouse gas emissions density by the fiscal year ending March 31, 2026, using the fiscal year 2023 as a baseline[104]. - The company has implemented energy-saving measures and paper-saving initiatives to reduce greenhouse gas emissions during operations[104]. - The company has set a target to reduce the total density of non-hazardous waste by 2026, using 2023 as the baseline[140]. - The company implements a waste management strategy based on the "Reduce, Reuse, and Recycle" (3Rs) principle to minimize environmental impact[140]. - The group is committed to sustainable business practices and has implemented measures to minimize its environmental impact, including the use of second-hand office furniture and recycled paper[196]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring compliance with all relevant regulations and guidelines[12]. - The company has appointed three independent non-executive directors, one of whom possesses appropriate accounting and financial management qualifications, in compliance with GEM Listing Rules[57]. - The company held two remuneration committee meetings for the year ending March 31, 2024, with attendance records documented[66]. - The audit committee is responsible for reviewing the company's financial statements and monitoring internal control procedures[61]. - The company has established anti-money laundering and anti-terrorism financing policies to ensure compliance with regulatory requirements[69]. - There were no concluded corruption lawsuits against the group or its employees in 2024, and no significant violations of bribery, extortion, fraud, or money laundering laws were found[68]. - The board of directors ensures that all members can dedicate sufficient time and effort to the company's affairs[52]. - The board has established three committees: audit committee, remuneration committee, and nomination committee to oversee specific areas of the company's affairs[60]. - The company has adopted a code of conduct for directors' securities trading, which is in line with GEM Listing Rules[73]. - The nomination committee is committed to finding candidates with excellent records and the ability to represent the best interests of all shareholders[79]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with GEM listing rules[91]. - The company has established a nomination committee to review the board's structure and recommend changes to align with corporate strategy[98]. - The remuneration committee has outlined the compensation details for senior management, excluding directors, for the fiscal year ending March 31, 2024[96]. - The remuneration committee held four meetings during the fiscal year ending March 31, 2024, with all members present at each meeting[118]. - The nomination committee also conducted one meeting during the same period, ensuring proper governance and oversight of board member appointments[121]. - The board of directors is responsible for overseeing the internal control systems to protect shareholder interests and manage risks effectively[125]. - The company has established an internal control system to achieve operational efficiency, reliability of financial reporting, and compliance with applicable laws and regulations[142]. - The company has appointed an independent internal control consultant to evaluate the effectiveness of its risk management and internal control systems as of March 31, 2023[154]. - The board emphasized the importance of maintaining high transparency to enhance investor relations[166]. - The risk management and internal control systems were deemed sufficient and effective to protect shareholder interests[177]. - The company adopted a three-tier risk management approach to identify, analyze, assess, mitigate, and respond to risks[178]. - The board encourages shareholders to attend meetings and directly ask questions regarding any concerns[167]. - The company has implemented effective communication policies with shareholders, ensuring timely disclosure of business performance and strategies[188]. - The external auditor's fees for statutory audit and non-audit services were disclosed, including fees for reviewing interim and quarterly results[181]. - The company’s communication policy with shareholders was effectively implemented as of the year ending March 31, 2024[189]. - The company has not recommended the payment of a final dividend for the year ending March 31, 2024, consistent with the previous year[198]. - As of March 31, 2024, the group has not experienced any significant non-compliance issues that materially affect its business operations[195]. - The group faces potential professional liability risks and credit risks related to trade receivables, which may increase in the future[194]. - The company emphasizes maintaining good relationships with customers and aims to provide inspiring, value-for-money, and high-quality designs[197]. - The group’s main business nature has not undergone significant changes as of March 31, 2024[192]. - The board of directors has confirmed that all major shareholders have complied with non-competition commitments for the year ending March 31, 2024[193]. - The annual general meeting is scheduled for September 13, 2024, with a suspension of share transfer registration from September 10 to September 13, 2024[198]. - The group’s major subsidiaries and their business activities are detailed in the consolidated financial statements[192].
WAC HOLDINGS(08619) - 2024 - 年度财报