Business Commitment and Strategy - The company is committed to providing comprehensive professional lottery hardware and services to enhance lottery sales in the Chinese lottery market[6]. - The company aims to support a healthy Chinese lottery industry by developing legal and regulated lottery channels while combating illegal gambling[8]. - The company is actively involved in the development of new lottery channels to increase market penetration and sales[6]. - The company aims to expand its hardware business by leveraging its R&D capabilities in lottery hardware to include non-lottery hardware for the retail sector[20]. - The company plans to enhance its electronic payment services in Macau and expand its business into complementary areas such as e-commerce, entertainment, and marketing technology services[20]. - The company is committed to globalizing its business by seeking opportunities overseas and forming strategic partnerships with local partners in Asia[20]. - The company aims to enhance its electronic payment services in Macau, contributing to the sustainable growth of local businesses and improving the quality of life for residents and tourists[27]. - The company is focused on diversifying its development, including strategic projects like the leading gaming app Paytm First Games in India and indirect investments in Ant Bank (Macau) Limited[29]. - The company is optimistic about the stronger economic outlook in China compared to the beginning of 2022, aiming to leverage this for growth[29]. - The company is focused on creating value through innovative solutions that benefit individuals and businesses in the digital economy[29]. Corporate Governance and Compliance - The board of directors confirms that the report's information is accurate and complete, with no misleading or fraudulent elements[10]. - The company has a strong focus on risk management and internal controls, as evidenced by the establishment of a dedicated committee[10]. - The company emphasizes the importance of compliance with anti-money laundering and counter-terrorism financing measures[12]. - The company has a clear governance structure with designated committees for audit, remuneration, and nominations[10]. - The company is listed on the GEM with the stock code 8279, indicating its commitment to transparency and regulatory compliance[10]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with GEM listing rules[37]. - The company has implemented a robust governance and compliance culture across the group, aligning it with the company's mission and values[44]. - The company has established a platform for communication with shareholders and investors through its official website[34]. - The company has adopted a policy for directors to seek independent professional advice and assistance, with costs covered by the company[42]. - The company has implemented a fraud disclosure mechanism allowing employees to confidentially report concerns related to financial reporting and risk management[72]. Risk Management and Internal Controls - The company has established a risk management and internal control committee to oversee risk management strategies and internal controls[169]. - The Risk Management and Internal Control Committee identified various risk areas, including operational, budget, liquidity, foreign exchange, credit, legal compliance, cybersecurity, and political risks, and submitted acceptable risk levels for board approval[68]. - The internal audit team conducted multiple internal audit projects on the lottery hardware and Macau Tong business segments to review high-risk areas of internal control[70]. - The company has ensured that its risk management and internal control systems are adequate and effective, with no significant deficiencies identified during the annual review[73]. - The company has implemented strict user data security management policies, covering collection, storage, processing, cross-border transmission, and disclosure[175]. Employee Development and Social Responsibility - The company has a strong commitment to social responsibility, actively participating in sports development and charitable activities[25]. - The company emphasizes employee development, providing competitive compensation and training opportunities to enhance professional skills[112]. - The company encourages employee participation in community service activities, fostering a culture of social responsibility[109]. - The company has implemented various health and safety measures, including emergency drills and the provision of first aid kits in the office[167]. - The company has established a performance evaluation system that considers individual performance and experience in determining compensation[155]. Shareholder Communication and Rights - The company maintains a high level of transparency and has adopted a "Shareholder Communication Policy" to encourage timely and effective communication with shareholders[88]. - The company commits to responding to shareholder inquiries within 7 days, unless further investigation is required[89]. - The company allows shareholders to propose candidates for directorship, requiring a written request from shareholders holding at least 10% of the paid-up capital[93]. - The company emphasizes the importance of shareholder rights and communication in its governance report[93]. Environmental and Social Governance (ESG) - The company has a dedicated committee to oversee environmental, social, and governance (ESG) strategies, ensuring alignment with stakeholder interests[108]. - The company has implemented green initiatives, including reducing paper usage through electronic payment solutions, which also help decrease carbon emissions[111]. - The company promotes digital marketing services for merchants to reduce paper waste from traditional marketing activities[148]. - The company has implemented policies to prevent child labor and forced labor, reducing the likelihood of such issues arising[181]. - The company does not anticipate significant risks related to environmental issues due to its outsourcing of production functions to external suppliers[180]. Business Segments and Market Position - The group operates in four main business segments: lottery hardware sales, electronic payment services, gaming and entertainment, and non-lottery hardware supply[99]. - The group aims to integrate development strategies with technological innovation and sustainable growth to enhance long-term business sustainability[96]. - The group is exploring strategic cooperation with Alibaba Group to expand e-commerce and digital media entertainment, creating more diversified business scenarios[200]. - The group continues to innovate in technology and business, expanding channels and distribution, and enhancing data services and other value-added services in the lottery business[200]. - The group believes there is significant potential in internet and mobile distribution channels in the Chinese lottery market[200].
亚博科技控股(08279) - 2022 - 年度财报