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胜龙国际(01182) - 2024 - 年度财报
SUCCESS DRAGONSUCCESS DRAGON(HK:01182)2024-07-25 08:55

Compliance and Governance - The Group has complied with all relevant laws and regulations that significantly impact its business and operations for the fiscal year 2024[2]. - The management of the Group works with external professionals to ensure compliance with applicable local laws and regulations[9]. - The Group's management is committed to ensuring that business procedures and documentation comply fully with applicable laws and regulations[9]. - The Company has ensured compliance with corporate governance codes, with some exceptions noted regarding the attendance of the Chairman at the AGM[81]. - The Company complied with the applicable code provisions throughout the financial year ended 31 March 2024, with the exception of the Chairman's attendance at the AGM[105]. - The Company has adopted the Corporate Governance Code and Model Code as its corporate governance code and code of conduct for Directors' securities transactions[104]. - The Company has adopted high standards of corporate governance, with explicit policies for ethical conduct and accountability[180]. - The Company has implemented adequate measures to balance power and safeguard interests within its governance structure[153]. Risk Management - The Group's financial condition and results of operations may be affected by various risks and uncertainties, including high staff turnover rates and crisis events[4]. - Key operational risks include high turnover rates among key operational staff and potential business disruptions due to crisis events[5]. - The Group's management regularly identifies and assesses key operational exposures to implement appropriate risk mitigation measures[5]. - The Group has a structured framework for managing operational risks, guided by standard operating procedures and reporting frameworks[5]. - The Group will closely monitor its foreign currency exposure and consider hedging significant foreign currency risks as necessary[8]. - The Group's future business prospects may be influenced by unidentified risks that could become material over time[6]. Financial Performance and Dividends - No dividend is recommended for the year ended March 31, 2024, consistent with the previous year[24]. - The Group's financial performance and future expansion plans will be considered when evaluating any potential dividends[24]. - The Company does not have any pre-determined dividend payout ratio[24]. - The Directors have the absolute discretion to recommend any dividends based on various financial factors[24]. - As of March 31, 2024, the Company has no reserves available for distribution[26]. - Details of the Group's share capital and reserves are available in the consolidated financial statements[26]. Shareholding and Directors - As of March 31, 2024, Ms. Liu Shannon Shuting holds 232,974,906 shares, representing 66.66% of the company's total shareholding[55]. - The percentage of shareholding for Wang Baozhi is approximately 1.70%, with 5,950,000 shares held[98]. - The Company has not disclosed any significant interests held by directors in major customers or suppliers[57]. - The directors are not aware of any competing business interests that may conflict with the company's operations for the year ended March 31, 2024[68]. - The directors' service contracts are of no fixed term and are subject to retirement by rotation and re-election[64]. - The Company has not entered into any management contracts concerning the administration of its business during the year[51]. Corporate Governance Practices - The Company has committed to providing high-quality gold processing services in the People's Republic of China to further develop its business[85]. - The Company recognizes the importance of Board independence for effective corporate governance, with mechanisms in place to ensure independent views are considered[141]. - The Company has a policy for the performance evaluation of Independent Non-Executive Directors to assess their contributions annually[117]. - The Nomination Committee and the Remuneration Committee assess the independence and qualifications of independent non-executive directors annually[89]. - The Company has arranged appropriate insurance cover for possible legal actions against the Directors[151]. - The Company has arranged appropriate liability insurance for directors to cover liabilities arising from corporate activities, with annual reviews of the insurance coverage[184]. Meetings and Training - During the year, the Board held 3 meetings, with all Directors attending regularly[119]. - The Board held 3 meetings during the Year, with draft minutes prepared and circulated for comments[147]. - All Directors participated in continuous professional development to ensure their contributions remain informed and relevant[156]. - The Directors participated in continuous professional training to enhance their awareness of good corporate governance practices[130]. Audit and Financial Review - The Audit Committee has reviewed the accounting principles and practices adopted by the Group and discussed financial reporting matters, including the annual results for the year ended March 31, 2024[74]. - The business review for the year ended March 31, 2024, is detailed in the "Management Discussion and Analysis" section of the annual report[74]. - There were no significant transactions or arrangements involving Directors that could potentially compete with the Group's business during the year[93]. - No Director had a material interest in any significant transactions related to the Group during the year[93].