I nterim R eport 中期報告2021/22 2–3Corporate Information公司資料4–10Management Discussion and Analysis管理層討論及分析11–35Condensed Consolidated Interim Financial Statements簡明綜合中期財務報表36–40Corporate Governance/Other Information企業管治╱其他資料CONTENTS目錄 02DRAGON RISE GROUP HOLDINGS LIMITED • 2021/22 INTERIM REPORTCORPORATE INFORMATION公司資料BOARD OF DIRECTORSExecutive DirectorsMr. Yip Yuk Kit (Chairman)Mr. Cheung Chun FaiIndependent Non-Executive DirectorsMr. Chan Ka YuMr. Lee Kwok LunMr. Chan Wa ShingMr. Lo Chi Wang (resigned with effect from 1 September 2021)AUDIT COMMITTEEMr. Lee Kwok Lun (Chairman)Mr. Chan Wa ShingMr. Chan Ka YuMr. Lo Chi Wang (resigned with effect from 1 September 2021)REMUNERATION COMMITTEEMr. Chan Ka Yu (Chairman)Mr. Yip Yuk KitMr. Chan Wa ShingMr. Lo Chi Wang (resigned with effect from 1 September 2021)NOMINATION COMMITTEEMr. Yip Yuk Kit (Chairman)Mr. Chan Ka YuMr. Lee Kwok LunCOMPANY SECRETARYMr. Leung Hoi KiAUTHORISED REPRESENTATIVESMr. Cheung Chun FaiMr. Leung Hoi KiREGISTERED OFFICEWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman IslandsHEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN HONG KONGOffice K, 12/FKings Wing Plaza 2No. 1 On Kwan StreetShatinHong Kong董事會執行董事葉育杰先生（主席）張振輝先生獨立非執行董事陳家宇先生李國麟先生陳華勝先生羅智弘先生（於二零二一年九月一日辭任）審核委員會李國麟先生（主席）陳華勝先生陳家宇先生羅智弘先生（於二零二一年九月一日辭任）薪酬委員會陳家宇先生（主席）葉育杰先生陳華勝先生羅智弘先生（於二零二一年九月一日辭任）提名委員會葉育杰先生（主席）陳家宇先生李國麟先生公司秘書梁海祺先生授權代表張振輝先生梁海祺先生註冊辦事處Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands總部及香港主要營業地點香港沙田安群街1號京瑞廣場2期12樓K室 2021/22 中期報告 • 龍昇集團控股有限公司03CORPORATE INFORMATION公司資料法律顧問有關香港法律ZM Lawyers香港律師香港中環德輔道中88–98號中環88，20樓開曼群島股份過戶登記總處Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands香港股份過戶登記分處寶德隆證券登記有限公司香港北角電氣道148號21樓2103B室核數師致同（香港）會計師事務所有限公司香港銅鑼灣恩平道28號利園二期11樓主要來往銀行香港上海滙豐銀行有限公司香港皇后大道中1號公司網站www.kitkee.com.hk股份代號6829LEGAL ADVISERAs to Hong Kong LawZM LawyersSolicitors, Hong Kong20/F, Central 88Nos. 88–98 Des Voeux RoadCentralHong KongCAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEOcorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICEBoardroom Share Registrars (HK) Limited2103B, 21/F148 Electric RoadNorth PointHong KongAUDITORGrant Thornton Hong Kong Limited11th Floor, Lee Garden Two28 Yun Ping RoadCauseway BayHong KongPRINCIPAL BANKThe Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralHong KongCOMPANY’S WEBSITEwww.kitkee.com.hkSTOCK CODE6829 04MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析DRAGON RISE GROUP HOLDINGS LIMITED • 2021/22 INTERIM REPORTThe board (the “Board”) of directors (the “Directors”) of Dragon Rise Group Holdings Limited (the “Company”) is pleased to present the unaudited interim results of the Company and its subsidiaries (collectively, the “Group”) for the six months ended 30 September 2021 (the “Reporting Period”).INDUSTRY REVIEWFollowing almost two years of turmoil under the novel coronavirus (“COVID-19”) pandemic, the world copes with the new ways of life and business. The global economy finally starts to pick up with hopes brought by the rolling out of vaccines and the stabilising daily caseloads. Wealthier countries with access to vaccines and better medical facilities are leading the way to a much-desired recovery. China again recorded a 12.7% GDP growth rate for the first half of 2021, setting an example of the anticipated post-pandemic economic reformation.Compared to the rest of the world, Hong Kong had continually adopted a rigorous and conservative approach towards COVID-19 controls; hence the local outbreaks had been relatively mild, keeping financial panics at bay. Though the restrictions had initially pressured many industries significantly, Hong Kong’s economy is now bouncing back with a 7.8% GDP growth rate for the first half of 2021 and an even more entrenched recovery recorded in the third quarter of the year.Still severely hampered by the pandemic and its related business restrictions, Hong Kong’s construction industry ended the first half of 2021 with some promising signs. The gross value of construction works performed by main contractors at construction sites reached HK$36,559 million during the first two quarters of 2021, representing a 3.3% growth from the corresponding period. According to the government’s latest data, the unemployment rate within the industry dropped to 6.8% for the three months from July to September 2021, showing a remarkable improvement compared to the 10.9% rate from the same period in 2020.BUSINESS REVIEW AND OUTLOOKAs a seasoned subcontractor of foundation works services in Hong Kong, the Group is mainly engaged in providing services in the construct