慕诗国际二零二三年度年报

MOISELLE INTERNATIONAL HOLDINGS LIMITEDAnnual Report2023二 零 二 三 年 度 年 報 2 公司資料 Corporate Information4 主席報告 Chairman’s Statement12 管理層討論及分析 Management Discussion and Analysis20 董事及高級管理人員簡介 Directors and Senior Management Profiles25 企業管治報告 Corporate Governance Report38 董事會報告書 Directors’ Report49 獨立核數師報告書 Independent Auditor’s Report60 綜合損益及其他全面收益表 Consolidated Statement of Profit or Loss and Other Comprehensive Income 62 綜合財務狀況表 Consolidated Statement of Financial Position64 綜合權益變動表 Consolidated Statement of Changes in Equity65 綜合現金流量表 Consolidated Statement of Cash Flows67 綜合財務報表附註 Notes to the Consolidated Financial Statements177 持作投資物業 Properties held for Investment179 集團財務概要 Group Financial Summary目 錄 CONTENTS 公司資料Corporate InformationMoiselle International Holdings Limited 慕詩國際集團有限公司 Annual Report 2023 年度年報2BOARD OF DIRECTORSExecutiveMr. CHAN Yum Kit (Chairman)Ms. TSUI How Kiu, ShirleyMr. CHAN Sze ChunIndependent Non-ExecutiveMs. YU Yuk Ying, VivianMr. CHU Chun Kit, SidneyMs. WONG Shuk Ying, HelenDr. Ng Lai Man, CarmenAUDIT COMMITTEEMs. YU Yuk Ying, VivianMr. CHU Chun Kit, SidneyMs. WONG Shuk Ying, HelenREMUNERATION COMMITTEEMs. YU Yuk Ying, VivianMr. CHU Chun Kit, SidneyMr. CHAN Sze ChunNOMINATION COMMITTEEMs. YU Yuk Ying, VivianMs. WONG Shuk Ying, HelenMs. TSUI How Kiu, ShirleyCOMPANY SECRETARYMs. PANG LinINDEPENDENT AUDITORBaker Tilly Hong Kong LimitedRegistered Public Interest Entity AuditorsPRINCIPAL BANKERSThe Hongkong and Shanghai Banking Corporation Limited Nanyang Commercial Bank, LimitedBank of China (Hong Kong) LimitedPROPERTY VALUERCentaline Surveyors LimitedLEGAL ADVISERSas to Hong Kong lawPansy Leung Tang & Chua, Solicitorsas to the Cayman Islands lawConyers Dill & Pearmanas to PRC lawSichuan Zhigao Law Firm董事會執行董事陳欽杰先生（主席）徐巧嬌女士陳思俊先生獨立非執行董事余玉瑩女士朱俊傑先生黃淑英女士吳麗文博士審核委員會余玉瑩女士朱俊傑先生黃淑英女士薪酬委員會余玉瑩女士朱俊傑先生陳思俊先生提名委員會余玉瑩女士黃淑英女士徐巧嬌女士公司秘書彭蓮女士獨立核數師天職香港會計師事務所有限公司註冊公眾利益實體核數師主要往來銀行香港上海滙豐銀行有限公司南洋商業銀行有限公司中國銀行（香港）有限公司物業估值師中原測量師行有限公司法律顧問香港法律梁鄧蔡律師事務所開曼群島法律康德明律師事務所中國法律四川致高律師事務所 公司資料Corporate InformationAnnual Report 2023 年度年報 Moiselle International Holdings Limited 慕詩國際集團有限公司 3REGISTERED OFFICECricket Square Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman IslandsHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSUnits 1-5, 11th Floor Kodak House 239 Healthy Street East North PointHong KongWEBSITEShttps://moiselle-hk.comhttps://ir.moiselle.com.hkPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEConyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICEHong Kong Registrars Limited Shops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road East Wanchai, Hong KongKEY DATESClosure of Register of Members: 20 September 2023 to 27 September 2023 for Annual General MeetingAnnual General Meeting: 27 September 2023註冊辦事處Cricket Square Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands總辦事處及主要營業地點香港北角健康東街39號柯達大廈第二期11樓1-5室網址https://moiselle-hk.comhttps://ir.moiselle.com.hk股份過戶登記總處Conyers Trust Company (Cayman) Limited Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 Cayman Islands香港股份過戶登記分處香港證券登記有限公司香港灣仔皇后大道東一八三號合和中心十七樓1712-1716號舖重要日期暫停辦理股份過戶及登記： 就股東週年大會而言，為二零二三年九月二十日 至二零二三年九月二十七日股東週年大會： 二零二三年九月二十七日 主席報告Chairman’s StatementMoiselle International Holdings Limited 慕詩國際集團有限公司 Annual Report 2023 年度年報4Dear Fellow Shareholders,On behalf of the board of Directors (the “Board”) of Moiselle International Holdings Limited (“Moiselle” or the “Company”), I present the results of the Company and its subsidiaries (which are collectively referred to as the “Group”) for the year ended 31 March 2023 (the “Year”).MARKET OVERVIEWDuring the Year under review, the apparel retail markets in Hong Kong and Mainland China experienced downturns in a volatile and complicated business environment, which was marked by irrepressibly high inflation, interest rate hikes by major central banks as a response, escalating geopolitical conflicts and, in the case of China, the government’s tighter regulation of the property and technology sectors and its zero-Covid policy that have combined to cause an economic slowdown.In Hong Kong, where Moiselle derived about 55% of its revenue, a recovery in the apparel retail market fell short of expectations because the mainland Chinese tourists who returned to the city after the full reopening of the border between the two places in February 2023 did not have as strong buying power as they used to have before the pandemic outbreak. For one thing, Mainland China has always accounted for a vast majority of the visitor arrivals in Hong Kong and its outbound tourists had buoyed up the city’s consumer market. The Mainland Chinese tourists’ weaker buying power had a