Financial Performance - The company reported retained earnings of approximately HKD 106,957,000 as of December 31, 2022, compared to HKD 118,504,000 in 2021, reflecting a decrease of about 9.3%[12] - The board of directors did not recommend the payment of dividends for the year[11] - The company does not have a predetermined dividend payout ratio and will consider various factors, including operating performance and financial condition, when deciding on dividends[144] Supply Chain and Procurement - The company's five largest suppliers accounted for approximately 76% of total leasing operating costs, with the largest supplier contributing about 47%[23] - The company prioritizes suppliers that provide durable and sustainable products, promoting green procurement practices[84] - The company plans to enhance its management of supply chain-related risks to mitigate potential negative impacts on the environment and society[68] Environmental, Social, and Governance (ESG) Initiatives - Stakeholder engagement is considered a core part of the company's environmental, social, and governance (ESG) strategy, with regular communication through various channels[40] - The company has identified four key ESG issues deemed significant from a total of 15 assessed topics[40] - The company supports the Hong Kong government's call for carbon neutrality by 2050 and is committed to maintaining green office practices[56] - The company aims to integrate environmental, social, and governance considerations into its investment strategies to create long-term value for shareholders and society[75] - The company continues to navigate challenges posed by the COVID-19 pandemic and climate change while pursuing opportunities for low-carbon transformation[34] - The company reported a total greenhouse gas emissions of 13.7 tons of CO2 equivalent, a decrease from 26.1 tons in the previous year, indicating a significant reduction in emissions[71] - The total energy consumption for the year was 12.1 MWh, down from 47.2 MWh in the previous year, reflecting a substantial decrease in energy usage[71] - The total water consumption was recorded at 10.72 cubic meters, a reduction from 13.1 cubic meters in the previous year, demonstrating improved water efficiency[71] - The company achieved zero harmful waste generation, maintaining a total harmful waste amount of 0.0009 tons, down from 0.003 tons in the previous year[71] Corporate Governance - The company has established an audit committee to oversee risk management and internal control systems, ensuring their effectiveness[24] - The board of directors includes experienced professionals with backgrounds in finance, accounting, and management across various industries[4][2] - The company has complied with all provisions of the corporate governance code as per the listing rules, with no significant uncertainties affecting its ability to continue as a going concern[131] - The board has reviewed the company's corporate governance policies and compliance with legal and regulatory requirements[141] - The independent non-executive directors have confirmed their compliance with the standards set forth in the company's code of conduct throughout the review period[120] - The company ensures compliance with corporate governance codes[197] - There are no known relationships among board members that could affect their independence[198] Risk Management - The company has established a risk management and internal control system to safeguard assets and ensure compliance with relevant laws and regulations[120] - The audit committee reviewed the effectiveness of the internal control system during the past year and confirmed its effectiveness[190] - The audit committee reviewed the group's risk management functions and found no major issues requiring improvement[151] - The company continues to evaluate and review climate-related risks associated with its properties and investments, developing contingency plans in collaboration with stakeholders[56] Employee Training and Development - The percentage of trained employees remained at 100%, with an average training hours of 17.9, a decrease from 128.6 hours in the previous year[74] - The company has maintained a 100% training percentage for employees across all categories, segmented by gender and employee type[112] - The total employee turnover rate is 43%[89] - 67% of employees are aged between 30 to 50 years, while 25% are over 50 years[89] Board Structure and Committees - The board of directors consists of six members, with three executive directors and three independent non-executive directors, ensuring a diverse range of financial and regulatory expertise[122] - The company has established an investment committee to review and approve investments that may have a significant financial impact[81] - The investment committee provided guidance and recommendations to the board regarding investment projects during the review year[174] - The company held two meetings of the remuneration committee during the reporting year, ensuring oversight of executive compensation[137] - The remuneration committee has reviewed the compensation policies for all directors and senior management, making recommendations for board approval[135] - The board has established a nomination committee to monitor and review the implementation of the board diversity policy[160] - The board is committed to maintaining high transparency to ensure investors and shareholders receive accurate and comprehensive information through annual reports and interim reports[177] Community Engagement - The company has actively engaged in community service and volunteer activities, reflecting its commitment to social responsibility[109] - The company is exploring community investment opportunities that align with community needs and business objectives[86] Compliance and Ethics - The company is committed to high standards of compliance with applicable laws and regulations, with no recorded incidents of legal violations during the reporting period[39] - The company has a policy against any form of child labor and forced labor, ensuring compliance through identity verification and qualification checks[84] - The company has implemented a whistleblowing mechanism to report suspicious and inappropriate behavior, ensuring confidentiality[82] - The company has a commitment to protecting stakeholder confidential information and has established privacy and confidentiality procedures[83] - The company encourages diversity and equal opportunity in hiring, compensation, and other employment practices[84] Communication with Shareholders - The company emphasizes effective communication with shareholders and investors to build confidence and attract new investors[177] - Shareholders can submit inquiries to the company via registered office, fax, or email[179] - The procedures for shareholders to propose or withdraw resolutions at the general meeting are available on the company's website[195]
远东控股国际(00036) - 2022 - 年度财报