Governance and Committees - The company held 2 meetings of the Remuneration Committee during the year ended September 30, 2022, to review and approve management's remuneration proposals[5]. - The Nomination Committee conducted 2 meetings to review the board structure, size, and composition, and to assess the independence of independent non-executive directors[8]. - The board has established five committees, including the Audit Committee and the Remuneration Committee, to oversee various aspects of governance and operations[2]. - The company emphasizes the importance of independent and objective opinions from independent non-executive directors in its committees[2]. - The board is satisfied with the effectiveness of the internal control and risk management systems, with no significant issues identified[150]. Financial Performance - The statutory audit fee for the year was HKD 1,920,000, with non-audit services costing HKD 704,000, totaling HKD 2,624,000[15]. - The company’s financial statements are prepared in accordance with all relevant regulations and appropriate accounting standards[16]. - The company plans to distribute a final dividend of HKD 0.075 per share for the year ended September 30, 2022, subject to approval at the upcoming annual general meeting[116]. - The cost of advertising decreased from 2.2% to 1.8% of revenue due to a pessimistic environmental outlook[178]. - Depreciation costs for property and equipment increased from 3.4% to 4.6% due to significant capital expenditures related to relocations, new store openings, and renovations[178]. Environmental, Social, and Governance (ESG) Initiatives - The Environmental, Social, and Governance (ESG) report was prepared according to principles of materiality, quantification, balance, and consistency, and was approved by the board on December 16, 2022[20]. - The group is committed to reducing waste and emissions from its operations, adhering strictly to environmental protection laws and regulations[37]. - The board is focused on environmental, social, and governance (ESG) issues, emphasizing compliance, anti-corruption, product quality, and innovation[37]. - The group emphasizes transparency and accuracy in communicating its ESG performance to stakeholders[33]. - The total greenhouse gas emissions for the reporting period amounted to 908.57 tons of CO2 equivalent, a decrease from 847.33 tons in the previous year, representing a year-on-year reduction of 7.2%[60]. Employee and Workplace Safety - The company is committed to providing competitive compensation and benefits to attract and retain skilled employees, which is crucial for business expansion strategies[50]. - The company has established a response mechanism to address employee infections of COVID-19, ensuring the safety of employees and the public[53]. - The injury rate for the year was 2.96, a decrease from 3.35 in the previous year[74]. - The total training hours for employees increased to 4,818.3 hours in 2022, up from 3,635.0 hours in 2021, representing a growth of approximately 32.5%[101]. - The group emphasizes employee well-being by providing a safe, healthy, and comfortable work environment, adhering to occupational health and safety regulations[98]. Community Engagement and Ethical Practices - The group has implemented a community investment policy to support charitable and non-profit organizations through donations and community care[82]. - The company emphasizes the importance of ethical conduct and encourages reporting of corruption and misconduct, ensuring confidentiality for whistleblowers[108]. - The company has provided guidelines to employees regarding the investigation and prevention of potential corruption and fraud[108]. - The group encourages employees to participate in charitable activities during their spare time, fostering a culture of community involvement[82]. - The company is committed to ethical business practices, requiring all directors and employees to adhere to a code of conduct[107]. Business Expansion and Market Strategy - The company operates beauty services under the "Oasis" brand, offering a comprehensive range of beauty and health-related services and products, appealing to high, mid, and mass market consumers[146]. - The group launched a new dental service, Oasis Dental, in April 2022, marking its entry into the dental beauty service market[172]. - The acquisition of HABA, a Japanese skincare brand, has strengthened the group's retail distribution, with strong sales recorded in mainland China[169]. - The company has opened five new stores in Macau and plans to capitalize on the recovery of consumer spending as tourism resumes in Hong Kong[200]. - The overall employee count increased significantly due to the opening of new stores and expansion of existing locations[180].
奥思集团(01161) - 2022 - 年度财报