Financial Performance - The group recorded revenue of approximately MOP 140.6 million for the year ended December 31, 2023, a decrease of about MOP 14.4 million or approximately 9.3% compared to the previous year [9] - The gross profit for the year was approximately MOP 8.1 million [9] - The available distributable reserves as of December 31, 2023, amounted to MOP 33.8 million, down from MOP 37.3 million in 2022 [22] - No final dividend was recommended for the year ended December 31, 2023, consistent with the previous year [21] Business Development and Strategy - The company announced a purchase agreement on March 14, 2024, to acquire a Hong Kong-registered company holding licenses for securities advisory and asset management, which is expected to diversify the business portfolio [10] - The company aims to actively seek new business opportunities in various sectors, including financial services, through mergers and acquisitions and partnerships with globally recognized firms [11] - The group is focused on expanding its global business market and seizing opportunities in the Greater Bay Area and other regions [10] - The group is optimistic about the recovery of the tourism and gaming sectors in Macau, driven by the reopening of borders and relaxation of COVID-19 control measures in mainland China [10] Stock Options and Equity - The company has a total of 60,000,000 shares available for issuance under the stock option plan, which represents 10% of the total issued shares [40] - As of December 31, 2023, there are 3,000,000 stock options granted under the plan, with an exercise price of HK$0.67 per share [45] - The maximum number of shares that can be issued upon the exercise of stock options under the plan is capped at 30% of the total issued shares [40] - The stock option plan is valid for a period of ten years from its adoption date unless terminated earlier by the shareholders or the board [34] - No stock options were granted, exercised, canceled, or lapsed during the year ending December 31, 2023 [40] - The fair value of the stock options granted by the company was determined to be HKD 264,000 (approximately MOP 272,000) using a binomial option pricing model [47] - The company recognized equity-settled share-based payment of approximately MOP 20,000 for the year ending December 31, 2023, compared to MOP 235,000 in 2022 [47] Corporate Governance - The group is committed to high standards of corporate governance, adhering to the principles of the Corporate Governance Code [99] - The board consists of eight members, including five executive directors and three independent non-executive directors [106] - The board's diversity policy considers various factors, including gender, age, cultural background, and industry experience, to ensure a well-rounded board composition [115] - The company has established mechanisms to ensure independent opinions are obtained during board decision-making processes [110] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the audited consolidated financial statements for the year ending December 31, 2023 [139] Risk Management - The group has adopted a three-tier risk management approach to identify, assess, and manage various risks [157] - The board and audit committee reported that the risk management and internal control systems are effective and adequate as of December 31, 2023 [158] - An internal control officer has been hired, and an independent third-party internal control consultant is engaged annually to review the internal control system [157] Environmental, Social, and Governance (ESG) - The group emphasizes sustainable growth in financial and environmental, social, and governance (ESG) aspects, balancing business development with ESG management [103] - The company emphasizes its commitment to environmental, social, and governance (ESG) principles, integrating them into its operational processes [184] - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring transparency and consistency in data presentation [186] - The company has established a clear governance framework for ESG, detailing the roles and responsibilities of the board and key management personnel [195] Shareholder Relations - The company is committed to maintaining effective communication with shareholders to enhance investor relations and understanding of business performance and strategies [177] - The company has established a process for shareholders to request special general meetings to address specified matters [172] - The company will present independent resolutions at the shareholders' meeting for significant issues, including the election of individual directors [171]
奥邦建筑(01615) - 2023 - 年度财报