Contents目錄 皇冠環球集團有限公司 2020/2021 年報1Contents目錄 Corporate Information公司資料2Chairman’s Report主席報告書5Management Discussion and Analysis管理層討論及分析9Directors’ Biographies董事簡介26Corporate Governance Report企業管治報告33Report of the Directors董事會報告52Independent Auditor’s Report獨立核數師報告65Consolidated Statement of Comprehensive Income綜合全面收益表72Consolidated Statement of Financial Position綜合財務狀況表73Consolidated Statement of Changes in Equity綜合權益變動表75Consolidated Statement of Cash Flows綜合現金流量表76Notes to the Consolidated Financial Statements綜合財務報表附註78Financial Summary財務摘要176 Corporate Information公司資料 Crown International Corporation LimitedAnnual Report 2020/20212Corporate Information�司�料 董事會執行董事熊敏女士（行政總裁）李永軍先生（副主席）劉紅深先生（副主席）孟金龍先生非執行董事孫宇先生（主席） （於二零二一年三月十六日獲委任）獨立非執行董事龍濤先生 （於二零二一年四月三十日已辭任）賀丁丁先生 （於二零二一年五月二十日獲委任）任國華先生陳放先生黃少雄先生 （於二零二一年三月三日獲委任）執行委員會熊敏女士（主席）李永軍先生劉紅深先生孟金龍先生審核委員會賀丁丁先生（主席）任國華先生陳放先生黃少雄先生BOARD OF DIRECTORSExecutive DirectorsMs. HUNG Man (Chief Executive Officer)Mr. LI Yong Jun (Vice Chairman)Mr. LIU Hong Shen (Vice Chairman)Mr. MENG Jin LongNon-executive DirectorsMr. SUN Yu (Chairman) (appointed on 16 March 2021)Independent Non-executive DirectorsMr. LONG Tao (resigned on 30 April 2021)Mr. HE Dingding (appointed on 20 May 2021)Mr. REN Guo HuaMr. CHEN FangMr. WONG Siu Hung Patrick (appointed on 3 March 2021)EXECUTIVE COMMITTEEMs. HUNG Man (Chairman)Mr. LI Yong JunMr. LIU Hong ShenMr. MENG Jin LongAUDIT COMMITTEEMr. HE Dingding (Chairman)Mr. REN Guo HuaMr. CHEN FangMr. WONG Siu Hung Patrick 皇冠環球集團有限公司 2020/2021 年報3Corporate Information (Continued)公司資料（續） 薪酬、素質及提名委員會 任國華先生（主席）熊敏女士賀丁丁先生陳放先生黃少雄先生公司秘書李志成先生 （於二零二一年六月十日已辭任）劉雅詩女士 （於二零二一年六月十七日獲委任）授權代表熊敏女士孟金龍先生註冊辦事處香港灣仔港灣道18號中環廣場9樓902室股份過戶登記處 寶德隆證券登記有限公司香港北角電氣道148號21樓2103B室獨立核數師香港立信德豪會計師事務所有限公司香港中環干諾道中111號永安中心25樓REMUNERATION, QUALITY AND NOMINATION COMMITTEEMr. REN Guo Hua (Chairman)Ms. HUNG ManMr. HE DingdingMr. CHEN FangMr. WONG Siu Hung PatrickCOMPANY SECRETARYMr. LEE Chi Shing, Caesar (resigned on 10 June 2021)Ms. LAU Nga Sze (appointed on 17 June 2021)AUTHORISED REPRESENTATIVESMs. HUNG ManMr. MENG Jin LongREGISTERED OFFICESuite 902, 9th FloorCentral Plaza18 Harbour RoadWanchaiHong KongSHARE REGISTRARS AND TRANSFER OFFICEBoardroom Share Registrars (HK) LimitedRoom 2103B, 21/F., 148 Electric RoadNorth Point, Hong KongINDEPENDENT AUDITORBDO Limited25/F, Wing On Centre111 Connaught Road CentralHong Kong Crown International Corporation LimitedAnnual Report 2020/20214Corporate Information (Continued)公司資料（續） PRINCIPAL BANKERSThe Hongkong and Shanghai Banking Corporation LimitedChina Everbright Bank Company LimitedHarbin Bank Co., Ltd.China Construction Bank CorporationLISTING INFORMATIONThe Stock Exchange of Hong Kong LimitedOrdinary Shares (Stock Code: 727)Board Lot: 10,000 sharesWEBSITEhttp://www.crownicorp.com主要往來銀行香港上海滙豐銀行有限公司中國光大銀行股份有限公司哈爾濱銀行股份有限公司中國建設銀行股份有限公司上市資料香港聯合交易所有限公司普通股（股份代號：727）交易單位：10,000股網站http://www.crownicorp.com Chairman’s Report主席報告書 皇冠環球集團有限公司 2020/2021 年報5Chairman’s Report主��告書 本人謹代表皇冠環球集團有限公司（「本公司」），連同其附屬公司，統稱（「本集團」）之董 事（「董事」）會（「董事會」），欣然提呈本集團截至二零二一年三月三十一日止財政年度（「本年度」）之全年業績。於二零二一年三月底，本集團總資產規模達到約36.3億港元，本年度本公司股東（「股東」）應佔虧損約105.2百萬港元，較截至二零二零年三月三十一日止財政年度（「上年度」）減少約114.6百萬港元。於本年度，本集團於中華人民共和國（「中國」）從事物業投資、物業發展、酒店營運、金融顧問服務及新開展之大健康策劃管理服務業務。本年度可謂是充滿挑戰之一年，中美貿易緊張局勢自二零一八年中發生以來，表現反反覆覆，然而中美終在二零二零一月簽訂了首階段之貿易協議，原以為可對全球經濟帶來正面影響，可是隨即便爆發近世紀影響最大之新冠肺炎疫情，其傳播性之強歷來罕見，短短三、兩個月疫情已蔓延至全球每一角落，包括最大的經濟體美國、中國、歐洲、日本等無一倖免。全球各地為對抗疫情，紛紛推出最嚴厲之隔離措施，鎖國封城，時至今日，該等措施仍未完全解除。人民日常活動被逼暫停，更重要的是令生產停頓，嚴重影響全球經濟。到目前為止，全球各地仍然是以抗疫為首要目標，各國央行雖有推出海量之救市措施試圖挽救疲弱經濟，但相信仍然要待疫情穩定下來，需求回升，全球經濟才能逐漸恢復。On behalf of the board (the “Board”) of directors (the “Directors”) of Crown International Corporation Limited (the “Company”, together with its subsidiaries, collectively referred to as the “Group”), I am pleased to present the final results of the Group for the financial year ended 31 March 2021 (the “Current Year”).As of 31 March 2021, the total assets of the Group reached approximately HK$3,630 million, and the loss attributable to the shareholders of the Company (“Shareholders”) for the Current Year was approximately HK$105.2 million, which is decreased by approximately HK$114.6 million compare to that of the financial year ended 31 March 2020 (the “Last Year”).In the Current Year, the Group is principally engaged in the businesses of property investment, property development, hotel operations, financial consultancy service and comprehensive healthcare planning and management services in the People’s Republic of China (the “PRC”).This year is a year full of challenges. The Sino-US trade tensions have been complicated and capricious since the beginning from the mid-2018, but China and the United States finally signed the first phase of the trade agreements in January 2020, which was originally expected to have positive impact on the global economy. However, a coronavirus dise