Proceeds Utilization - The net amount of unutilized proceeds carried forward as of December 31, 2024, is HKD 1,825.6 million[4] - 55% of the proceeds are allocated for strategic acquisitions or investments in companies with operational scale or profit potential, amounting to HKD 1,853.8 million, with HKD 659.3 million actually utilized[5] - 3% of the proceeds, equating to HKD 91.2 million, is designated for the development and optimization of smart management information systems, with HKD 4.9 million utilized[5] - 4% of the proceeds, or HKD 131.1 million, is allocated for upgrading facilities of older residential properties managed by the group, with HKD 26.9 million utilized[6] - 18% of the proceeds, amounting to HKD 611.7 million, is focused on strategic recruitment and training of professional talent, with HKD 264.4 million utilized[6] - 20% of the proceeds, equating to HKD 671.7 million, is for general corporate purposes, with HKD 62.4 million utilized[6] Revenue Performance - The actual revenue generated by Beijing Global Wealth Management's property management projects for the fiscal year ending December 31, 2024, is approximately RMB 60.44 million, which is RMB 1.75 million lower than the guaranteed revenue of RMB 62.2 million[7] - The shortfall of RMB 1.75 million represents about 0.04% of the group's total revenue and approximately 0.5% of the group's profit for the fiscal year ending December 31, 2024[7] - The discrepancy amounts to RMB 1,754,023.44, representing approximately 0.04% of the group's revenue and about 0.5% of the group's profit for the year ending December 31, 2024[9] Legal and Financial Implications - Estimated direct legal costs for pursuing the discrepancy are around RMB 280,000, which constitutes about 16.0% of the discrepancy, and if an appeal is involved, it could rise to approximately RMB 400,000, or 22.8% of the discrepancy[9] - Three out of four relevant parties have been listed as judgment debtors, indicating potential liquidity constraints in the Chinese property market[10] - The company has set March 31, 2026, as the final negotiation deadline for recovering the discrepancy, with financial performance to be reflected in the audited consolidated financial statements expected to be published by the end of March 2026[11] Internal Control Measures - The company has implemented enhanced internal control measures for acquisition projects affected by industry cyclicality since the acquisition in April 2021[12] - The board believes that continuing constructive dialogue with relevant parties to recover the discrepancy is fair and reasonable, aligning with the overall interests of shareholders[12]
卓越商企服务(06989) - 2025 - 年度业绩