创业集团控股年度报告2023

ANNUAL REPORT CONTENTS Corporate Information2Chairman’s Statement4Management Discussion and Analysis6Biographical Details of the Directorsand Senior Management28Report of Directors33Corporate Governance Report60Independent Auditor’s Report81Consolidated Statement ofProfit or Loss88 Consolidated Statement ofComprehensive Income89Consolidated Statement ofFinancial Position90Consolidated Statement ofChanges in Equity93Consolidated Statement ofCash Flows95Notes to the Consolidated FinancialStatements98Five Years Financial Summary236 CORPORATE INFORMATION EXECUTIVE DIRECTORS Mr. Zhu Yongjun(Chairman of the Board)Mr. Pan YiminMr. Lee Tsi Fun Nicholas NON-EXECUTIVE DIRECTORSMr. Sui Guangyi(Honorary Chairman) Dr. Ge XiaolinDr. Zhang Lihui INDEPENDENT NON-EXECUTIVE DIRECTORSMr. Lo Chun Chiu, Adrian Dr. Tong Ka LokMr. Choy Wai Shek, Raymond,MH, JP AUDIT COMMITTEEDr. Tong Ka Lok(Chairman) Mr. Lo Chun Chiu, AdrianMr. Choy Wai Shek, Raymond,MH, JP NOMINATION COMMITTEEMr. Lo Chun Chiu, Adrian(Chairman) Dr. Tong Ka LokMr. Choy Wai Shek, Raymond,MH, JPMr. Zhu Yongjun REMUNERATION COMMITTEE Mr. Choy Wai Shek, Raymond,MH, JP(Chairman)Mr. Lo Chun Chiu, AdrianDr. Tong Ka LokMr. Lee Tsi Fun Nicholas COMPANY SECRETARYMr. Lee Tsi Fun Nicholas AUTHORISED REPRESENTATIVESMr. Zhu YongjunMr. Lee Tsi Fun Nicholas REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108Cayman Islands HEADQUARTERS, HEAD OFFICE ANDPRINCIPAL PLACE OF BUSINESSIN HONG KONG 193B Office B, 3/F, Kingston International Centre19 Wang Chiu Road, Kowloon Bay, Hong Kong CORPORATE INFORMATION 11125 INDEPENDENT AUDITOR BDO Limited25/F Wing on Centre111 Connaught RoadHong Kong LEGAL ADVISERS 29161603 As to Hong Kong lawLoong & Yeung SolicitorsRoom 1603, 16/F China Building29 Queen’s Road CentralCentral, Hong Kong 2206–19 As the Cayman Islands lawAppleby2206–19, Jardine House1 Connaught PlaceCentral, Hong Kong 333 PRINCIPAL BANKERS Industrial and Commercial Bank of China (Asia) Limited33rd Floor, ICBC Tower3 Garden RoadCentralHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108, Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108, Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17th Floor, Far East Finance CentreNo. 16 Harcourt Road,Hong Kong 2221 STOCK CODE2221 http://www.primeworld-china.com COMPANY WEBSITEhttp://www.primeworld-china.com CHAIRMAN’S STATEMENT Dear Shareholders: The current Year remained a year of complexity. 20224 In the 4th quarter of 2022, COVID-19 resurged again, leading to anincreasein overall infections and various anti-epidemicarrangements, including shutdowns and silence measures. 20231 Although most anti-epidemic arrangements were uplifted and cross-border was re-opened in the 1st quarter of 2023, overall demandsareyet to recover due to factors including global economicstagnation resulting from inflation and interest rate hikes. At the same time, competition among the environmental protectionindustries in mainland China continues to intensify, and the entiremarket has shifted its focus from expansion to focusing on quality-oriented.Therefore,the Group will continue to optimise itsmanagementand innovation in response to the changes in thenational environmental protection market. 𢹂 To open up new growth drivers, the Group also entered the anodematerialsector through establishment of a joint venture in thecurrent Year. Anode materials are mainly applied in power batteries,energy storage, and multi-purpose portable electronic products. TheGroup expects the anode material business will become a drivingforce along with policy guidance and strong demands for powerbatteries, energy storage in mainland China. We will continue to devote and dedicate our contribution to theGroup in the coming year. We would like to express our appreciation to all of our employees,shareholders, and stakeholders for their trust and support. 20236 21 Zhu YongjunChairman of the BoardHong Kong, 21 June 2023 MANAGEMENT DISCUSSION AND ANALYSIS (i)(ii) TheGroup is principally engaged in(i)provision of foundationworks,civil engineering contractual service and general buildingworks(the“Construction Business”);and(ii)environmentalprotectionprojects including kitchen waste treatment relatedbusiness,development and management of environmentalprotectionindustrial park and new energy materials in mainlandChina (the “Environmental Protection Business”). BUSINESS REVIEW IConstruction Business I 438,200,0002022453,100,0003.3% Duringthe Year,revenue generated from constructionsegment was approximately HK$438.2 million, representing adecrease of 3.3% from approximately HK$453.1 million forFY2022. The decrease was