僅供識別（於百慕達註冊成立之有限公司）股份代號INTERIM REPORT2022報告中期 2Corporate Information公司資料4CEO’s Message行政總裁致辭6Management Discussion and Analysis管理層討論及分析23Condensed Consolidated Statement of Profit or Loss簡明綜合損益表24Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income簡明綜合損益及其他全面收益表25Condensed Consolidated Statement of Financial Position簡明綜合財務狀況表27Condensed Consolidated Statement of Changes in Equity簡明綜合權益變動表28Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表31Notes to the Unaudited Interim Condensed Consolidated Financial Information未經審核中期簡明綜合財務資料附註89Report on Review of Interim Condensed Consolidated Financial Information中期簡明綜合財務資料審閱報告91Other Information其他資料CONTENTS目錄 2APAC RESOURCES LIMITED INTERIM REPORT 2022CORPORATE INFORMATION公司資料董事會執行董事Brett Robert Smith先生（副主席）Andrew Charles Ferguson先生（行政總裁）非執行董事Arthur George Dew先生（主席） （王大鈞先生為其替任董事）李成輝先生林蓮珠女士獨立非執行董事王永權博士鄭鑄輝先生王宏前先生審核委員會王永權博士（主席）Arthur George Dew先生 （王大鈞先生為其替任董事）鄭鑄輝先生王宏前先生薪酬委員會王永權博士（主席）Arthur George Dew先生 （王大鈞先生為其替任董事）鄭鑄輝先生王宏前先生提名委員會Arthur George Dew先生（主席） （王大鈞先生為其替任董事）王永權博士鄭鑄輝先生王宏前先生公司秘書劉冬妮女士核數師國富浩華（香港）會計師事務所有限公司股份代號1104BOARD OF DIRECTORS Executive Directors Mr. Brett Robert Smith (Deputy Chairman) Mr. Andrew Charles Ferguson (Chief Executive Officer)Non-Executive Directors Mr. Arthur George Dew (Chairman) (Mr. Wong Tai Chun, Mark as his alternate) Mr. Lee Seng Hui Ms. Lam Lin ChuIndependent Non-Executive Directors Dr. Wong Wing Kuen, Albert Mr. Chang Chu Fai, Johnson Francis Mr. Wang HongqianAUDIT COMMITTEEDr. Wong Wing Kuen, Albert (Chairman) Mr. Arthur George Dew (Mr. Wong Tai Chun, Mark as his alternate) Mr. Chang Chu Fai, Johnson Francis Mr. Wang HongqianREMUNERATION COMMITTEE Dr. Wong Wing Kuen, Albert (Chairman) Mr. Arthur George Dew (Mr. Wong Tai Chun, Mark as his alternate) Mr. Chang Chu Fai, Johnson Francis Mr. Wang HongqianNOMINATION COMMITTEE Mr. Arthur George Dew (Chairman) (Mr. Wong Tai Chun, Mark as his alternate) Dr. Wong Wing Kuen, Albert Mr. Chang Chu Fai, Johnson Francis Mr. Wang HongqianCOMPANY SECRETARY Ms. Lau Tung NiAUDITOR Crowe (HK) CPA LimitedSTOCK CODE 1104 3中期報告 2022 亞太資源有限公司CORPORATE INFORMATION (CONTINUED)公司資料（續）法律顧問Addisons Conyers Dill & Pearman胡百全律師事務所主要往來銀行中國銀行（香港）有限公司東亞銀行有限公司星展銀行（香港）有限公司中國工商銀行（亞洲）有限公司華僑永亨銀行有限公司總辦事處及主要營業地點 香港灣仔告士打道138號聯合鹿島大廈23樓2304室電話：+852 2541 0338傳真：+852 2541 9133註冊辦事處Clarendon House 2 Church Street Hamilton HM11 Bermuda主要股份登記及過戶處 MUFG Fund Services (Bermuda) Limited 4th floor, North Cedar House 41 Cedar Avenue Hamilton HM 12 Bermuda香港股份登記及過戶分處 卓佳秘書商務有限公司香港夏愨道16號遠東金融中心17樓網站www.apacresources.comLEGAL ADVISERS Addisons Conyers Dill & Pearman P. C. Woo & Co.PRINCIPAL BANKERS Bank of China (Hong Kong) Limited The Bank of East Asia, Limited DBS Bank (Hong Kong) Limited Industrial and Commercial Bank of China (Asia) Limited OCBC Wing Hang Bank LimitedHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Room 2304, 23rd Floor Allied Kajima Building 138 Gloucester Road Wanchai Hong Kong Tel: +852 2541 0338 Fax: +852 2541 9133REGISTERED OFFICE Clarendon House 2 Church Street Hamilton HM11 BermudaPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited 4th floor, North Cedar House 41 Cedar Avenue Hamilton HM 12 BermudaHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE Tricor Secretaries Limited 17/F, Far East Finance Centre 16 Harcourt Road Hong KongWEBSITE www.apacresources.com 4APAC RESOURCES LIMITED INTERIM REPORT 2022CEO’S MESSAGE行政總裁致辭親愛的股東：全球各地已大致上走出了2019冠狀病毒疫情的經濟影響，中港兩地亦放寬了大部份與病毒相關的限制，讓人鼓舞萬分。二零二二年十一月，中國以令人驚喜的速度重新開放，包括在2019冠狀病毒病例呈升勢的城市解除嚴格的邊境管制和封控措施。我們樂觀認為中國將跟隨其他經濟體的步伐，在放寬限制後受惠於消費帶動的經濟活動反彈。或許言之尚早，但若果政府推出更多經濟支援措施，例如新基建項目和進一步放寬金融財產限制，商品價格將會在短期內得到支撐。由於市場預期美國聯邦儲備局的未來走向將不時改變，令股市維持波動。美國聯邦儲備局於截至二零二二年十二月止六個月內加息四次，再於二零二三年初第五次加息，希望收緊美國經濟，為通脹降溫。眾多央行紛紛仿效，提高自身息率，全球採購經理人指數因此被削弱，幾乎所有資產類別的股票價格均同步下挫。聯邦儲備局可能已充分加息，暫時偃旗息鼓，甚至在短期內開始減息；又或者因美國勞動力市場優於預期，為避免消費者物價指數及通脹持續高企，而決定繼續加息；受上述不同觀點影響，市場情緒起伏不定。往好處看，今年歐洲的冬季較往常溫暖，燃氣及電力價格大幅下跌，而且工業活動開始回升，使該地區避過了嚴重衰退。此情況令燃氣、動力煤及石油（程度較輕）等能源相關商品出現積壓的情況。然而，俄烏戰爭仍然持續，為歐洲的主要能源出口添上一抹陰霾。Dear Shareholder,We are pleased to see that the world has largely recovered from the economic impact of the COVID-19 pandemic, with both Hong Kong and Mainland China relaxing most restrictions related to the virus. In November 2022, we were pleasantly surprised by the pace of China’s reopening, including removal of strict border controls and lockdowns in cities with rising COVID-19 infections. We feel optimistic that China will benefit from a rebound in consumer driven economic activity, similar to what we witnessed in other economies when restrictions were relaxed. Although not a certainty, if the government rolls out measures to further support the economy, including new infrastructure projects and additional easing of financial property restrictions, then this would support near term commodity prices.Equity markets have remained volatile, driven by changing expectation