2Corporate Information公司資料6Chairman’s Statement主席報告10Management Discussion and Analysis管理層討論及分析30Board of Directors and Senior Management董事會及高級管理層36Corporate Governance Report企業管治報告62Report of the Directors董事會報告FINANCIAL STATEMENTS財務報表81Independent Auditors’ Report獨立核數師報告87Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表89Consolidated Statement of Financial Position綜合財務狀況表91Consolidated Statement of Changes in Equity綜合權益變動表92Consolidated Statement of Cash Flows綜合現金流動表94Notes to the Consolidated Financial Statements綜合財務報表附註225Particulars of Properties物業詳情228Five-Year Financial Summary五年財務概要CONTENTS目錄 CORPORATE INFORMATION公司資料2China Agri-Products Exchange Limited 中國農產品交易有限公司BOARD OF DIRECTORSExecutive DirectorsMr. Tang Ching Ho, GBS, JP, Chairman (re-designated from a non-executive director to an executive director on 1 October 2022)Mr. Leung Sui Wah, Raymond Chief Executive OfficerMr. Yau Yuk ShingIndependent Non-executive DirectorsMr. Ng Yat Cheung, JPMr. Lau King LungMr. Wong Ping YuenAUDIT COMMITTEEMr. Wong Ping Yuen, ChairmanMr. Ng Yat Cheung, JPMr. Lau King LungREMUNERATION COMMITTEEMr. Ng Yat Cheung, JP, ChairmanMr. Lau King LungMr. Wong Ping YuenMr. Tang Ching Ho, GBS, JP (appointed on 1 October 2022)董事會執行董事鄧清河先生，GBS，太平紳士，主席 （於二零二二年十月一日由非執行董事 調任為執行董事）梁瑞華先生 行政總裁游育城先生獨立非執行董事吳日章先生，太平紳士劉經隆先生王炳源先生審核委員會王炳源先生，主席吳日章先生，太平紳士劉經隆先生薪酬委員會吳日章先生，太平紳士，主席劉經隆先生王炳源先生鄧清河先生，GBS，太平紳士 （於二零二二年十月一日獲委任） 二零二三年年報 2023 Annual Report3CORPORATE INFORMATION公司資料提名委員會劉經隆先生，主席吳日章先生，太平紳士王炳源先生鄧清河先生，GBS，太平紳士 （於二零二二年十月一日獲委任）梁瑞華先生常務委員會鄧清河先生，GBS，太平紳士，主席 （於二零二二年十月一日獲委任）梁瑞華先生 （於二零二二年十月一日 由主席調任為成員）游育城先生授權代表鄧清河先生，GBS，太平紳士梁瑞華先生公司秘書梁瑞華先生 （於二零二二年十月一日辭任）吳綺雯女士 （於二零二二年十月一日獲委任）NOMINATION COMMITTEEMr. Lau King Lung, ChairmanMr. Ng Yat Cheung, JPMr. Wong Ping YuenMr. Tang Ching Ho, GBS, JP (appointed on 1 October 2022)Mr. Leung Sui Wah, RaymondEXECUTIVE COMMITTEEMr. Tang Ching Ho, GBS, JP, Chairman (appointed on 1 October 2022)Mr. Leung Sui Wah, Raymond (re-designated from Chairman to a member on 1 October 2022)Mr. Yau Yuk ShingAUTHORIZED REPRESENTATIVESMr. Tang Ching Ho, GBS, JPMr. Leung Sui Wah, RaymondCOMPANY SECRETARYMr. Leung Sui Wah, Raymond (resigned on 1 October 2022)Ms. Ng Yee Man, Fiona (appointed on 1 October 2022) 4China Agri-Products Exchange Limited 中國農產品交易有限公司CORPORATE INFORMATION公司資料核數師國衛會計師事務所有限公司執業會計師法律顧問香港法律：歐華律師事務所中國法律：金杜律師事務所主要往來銀行中國農業銀行股份有限公司中國銀行股份有限公司交通銀行股份有限公司香港分行中信銀行股份有限公司桂林银行股份有限公司平安銀行股份有限公司欽州市區農村信用合作聯社香港上海滙豐銀行有限公司註冊辦事處Clarendon House2 Church StreetHamilton HM 11Bermuda總辦事處及香港主要營業地點 香港九龍九龍灣宏光道39號宏天廣場32樓3202室AUDITORSHLB Hodgson Impey Cheng LimitedCertified Public AccountantsLEGAL ADVISERSHong Kong Law: DLA Piper Hong KongPRC Law: King & Wood MallesonsPRINCIPAL BANKERSAgricultural Bank of China LimitedBank of China LimitedBank of Communications Co., Ltd. Hong Kong BranchChina CITIC Bank Corporation LimitedGuilin Bank Co., Ltd.Ping An Bank Co., Ltd.Qinzhou Metro Area Rural Credit Cooperatives The Hongkong and Shanghai Banking Corporation LimitedREGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONGSuite 3202, 32/F, Skyline Tower39 Wang Kwong RoadKowloon BayKowloonHong Kong 二零二三年年報 2023 Annual Report5CORPORATE INFORMATION公司資料股份過戶登記 總處MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda香港股份過戶 登記分處卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓上市資料股份上市香港聯合交易所有限公司股份代號：0149票據上市香港聯合交易所有限公司本公司之二零二四年到期1%票據股份代號：5755網址http://www.cnagri-products.comPRINCIPAL SHARE REGISTRAR AND TRANSFER AGENTMUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12BermudaBRANCH SHARE REGISTRAR AND TRANSFER OFFICE IN HONG KONGTricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong KongLISTING INFORMATIONShares ListingThe Stock Exchange of Hong Kong LimitedStock Code: 0149Notes ListingThe Stock Exchange of Hong Kong LimitedThe Company’s 1% notes due 2024Stock Code: 5755HOMEPAGEhttp://www.cnagri-products.com CHAIRMAN’S STATEMENT主席報告6China Agri-Products Exchange Limited 中國農產品交易有限公司致各位股東：本人謹代表中國農產品交易有限公司（「本公司」，連同其附屬公司統稱「本集團」）董 事 會（「董事會」或「董事」）向各股東提呈截至二零二三年三月三十一日止年度（「本年度」或「回顧年度」）之年度報告。本年度，本集團錄得營業額約596,000,000港元，較截至二零二二年三月三十一日止上一財政年度（「該年度」）減 少 約273,000,000港元。Dear Shareholders,On behalf of the board of directors (the “Board” or the “Director(s)”) of China Agri-Products Exchange Limited (the “Company”, together with its subsidiaries, collectively the “Group”), I am pleased to present to our shareholders the annual report for the year ended 31 March 2023 (the “Year” or the “year under review”). During the Year, the Group recorded a turnover of approximately HK$596 million, representing a decrease of approximately HK$273 million as compared to that of the last financial year ended 31 March 2022 (the “Previous Year”).Panjin 盤錦Puyang 濮陽Xuzhou 徐州Huai’an 淮安Kaifeng 開封Suizhou隨州Wuhan 武漢Huangshi 黃石Yulin 玉林Qin