A nnual R e p ort 年報2021/2 2 2–3Corporate Information公司資料4–5Chairman’s Statement主席報告6–20Management Discussion and Analysis管理層討論及分析21–26Biographical Details of the Directors and Senior Management董事及高級管理層履歷資料27–43Corporate Governance Report企業管治報告44–57Environmental, Social and Governance Report環境、社會及管治報告58–68Directors’ Report董事會報告69–77Independent Auditor’s Report獨立核數師報告78Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表79–80Consolidated Statement of Financial Position綜合財務狀況表81Consolidated Statement of Changes in Equity綜合權益變動表82–83Consolidated Statement of Cash Flows綜合現金流量表84–155Notes to the Consolidated Financial Statements綜合財務報表附註156Summary of Financial Information財務資料概要CONTENTS目錄 CORPORATE INFORMATION公司資料2DRAGON RISE GROUP HOLDINGS LIMITED • 2021/22 ANNUAL REPORTBOARD OF DIRECTORSExecutive DirectorsMr. Yip Yuk Kit (Chairman)Mr. Cheung Chun FaiIndependent Non-executive DirectorsMr. Lo Chi Wang (resigned on 1 September 2021)Mr. Chan Ka YuMr. Lee Kwok LunMr. Chan Wa ShingAUDIT COMMITTEEMr. Lee Kwok Lun (Chairman) Mr. Lo Chi Wang (resigned on 1 September 2021)Mr. Chan Ka YuMr. Chan Wa Shing (appointed on 1 September 2021)REMUNERATION COMMITTEEMr. Chan Ka Yu (Chairman)Mr. Yip Yuk KitMr. Lo Chi Wang (resigned on 1 September 2021)Mr. Chan Wa Shing (appointed on 1 September 2021)NOMINATION COMMITTEEMr. Yip Yuk Kit (Chairman)Mr. Lee Kwok LunMr. Chan Ka YuCOMPANY SECRETARYMr. Leung Hoi KiAUTHORISED REPRESENTATIVESMr. Cheung Chun FaiMr. Leung Hoi KiREGISTERED OFFICEWindward 3, Regatta Office Park PO Box 1350Grand Cayman KY1-1108 Cayman IslandsHEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG Office 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羅智弘先生（於二零二一年九月一日辭任）陳家宇先生李國麟先生陳華勝先生審核委員會李國麟先生（主席）羅智弘先生（於二零二一年九月一日辭任）陳家宇先生陳華勝先生（於二零二一年九月一日獲委任）薪酬委員會陳家宇先生（主席）葉育杰先生羅智弘先生（於二零二一年九月一日辭任）陳華勝先生（於二零二一年九月一日獲委任）提名委員會葉育杰先生（主席）李國麟先生陳家宇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 Park PO Box 1350Grand Cayman KY1-1108 Cayman 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 32021/22 年報 • 龍昇集團控股有限公司CORPORATE INFORMATION公司資料LEGAL ADVISERAs to Hong Kong LawZM LawyersSolicitors, Hong Kong20/F, Central 88Nos. 88–98 Des Voeux RoadCentral Hong KongCAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEOcorian Trust (Cayman) LimitedWindward 3, Regatta Office Park PO Box 1350Grand Cayman KY1-1108 Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICEBoardroom Share Registrars (HK) Limited2103B, 21/F148 Electric RoadNorth PointHong KongAUDITORGrant Thornton Hong Kong Limited11/F, 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 Park PO Box 1350Grand Cayman KY1-1108 Cayman 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6829 4CHAIRMAN’S STATEMENT主席報告DRAGON RISE GROUP HOLDINGS LIMITED • 2021/22 ANNUAL REPORTDear Shareholders,On behalf of the board (the “Board”) of directors (the “Directors”) of Dragon Rise Group Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”), I am pleased to present the annual report of the Group for the year ended 31 March 2022 (the “Review Year”).With the PRC leading the world’s economic recovery from the novel coronavirus (“COVID-19”) pandemic, Hong Kong’s GDP grew 6.4% in 2021, staging a significant rebound after two extremely difficult years since the first outbreak hit the city at the beginning of 2020. Though noticeable improvements were recorded throughout various industries, Hong Kong’s economy size is still about 2% below that of 2018, indicating a long way until a complete recovery is achieved.Construction is among the most challenged industries during the pandemic in Hong Kong. According to an economic letter issued in January 2022 by the Office of the Government Economist, the pandemic is estimated to have caused the construction industry to lose around 22.5% of the business, which is HK$38 billion in value, and mildly worse than the losses estimated for 2020. However, signs of recovery are arising, and the number of ongoing construction projects is starting to pick up, indicating improving market conditions.The Group is primarily engaged in undertaking foundation works in Hong Kong as a subcontractor. During the Review Year, the Group’s total revenue amounted to approximately HK$613.6 million, decreasing approximately 33.5% compared to last year’s HK$922.9 million. With the Group’s efforts in cost control achieving significant results it recorded a gross profit of HK$19.4 million, a t