黄河实业年报2023

2CORPORATE INFORMATION3CORPORATE PROFILE7CEO’S STATEMENT12MANAGEMENT DISCUSSION AND ANALYSIS20PROFILE OF DIRECTORS22REPORT OF THE DIRECTORS27CORPORATE GOVERNANCE REPORT36ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT45INDEPENDENT AUDITOR’S REPORT52CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME53CONSOLIDATED STATEMENT OF FINANCIAL POSITION54CONSOLIDATED STATEMENT OF CHANGES IN EQUITY56CONSOLIDATED STATEMENT OF CASH FLOWS57NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS127SUMMARY OF FINANCIAL INFORMATION128LIST OF PROPERTIES2371220222736455253545657127128 EXECUTIVE DIRECTORS VONG Tat Ieong David (Chief Executive Officer)XU Siping INDEPENDENT NON-EXECUTIVE DIRECTORS FUNG Ka Keung DavidLAM Lee G.WONG Man Ngar Edna AUDIT COMMITTEE LAM Lee G. (Chairman)FUNG Ka Keung DavidWONG Man Ngar Edna REMUNERATION COMMITTEE LAM Lee G. (Chairman)FUNG Ka Keung DavidVONG Tat Ieong David NOMINATION COMMITTEE VONG Tat Ieong David (Chairman)FUNG Ka Keung DavidLAM Lee G. COMPANY SECRETARY PO In San AUDITOR ()1842 Mazars CPA LimitedCertified Public Accountants42nd Floor, Central Plaza18 Harbour RoadWanchai, Hong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG 17A EGL Tower83 Hung To RoadKwun TongKowloonHong Kong 8317A HONG KONG SHARE REGISTRAR AND TRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre,16 Harcourt RoadHong Kong www.thevongroup.com COMPANY WEBSITE www.thevongroup.com STOCK CODE 318 318 VONGROUP AT A GLANCE CERTAIN KEY PERFORMANCE INDICATORS The following summary of certain indicators is to be read subject to, and in the contextof, fuller details and explanations as provided in the consolidated financial statementsbelow. Revenue HK$201.6 M UP4.3%FY2022: HK$193.2 m Technology-Related Revenue Total Assets HK$196.7 M UP5.0%FY2022: HK$187.3 m UP3.0%FY2022: HK$591.6 m Profit Before Taxation Net Assets HK$22.8 M HK$528.7 M (UP9.4%FY2022: HK$483.4 m DOWN11.5%FY2022: HK$25.7 m Profit Before Taxation, before giving effect to non-cash change in fair value ofinvestment properties Gearing Ratio HK$27.8 M 0.09 DOWN40.0%FY2022: 0.15 UP43.3%FY2022: HK$19.4 m CORPORATE PROFILE AS WE HEAD INTO THE FUTURE Vongroup Limited is a global company headquartered in Hong Kong withpresence in the UK, which operates businesses primarily in softwareand IT services, and related consulting and business solutions, withan emphasis on deploying our portfolio oftechnology-for-businessapplications,digital transformation,and scalable cloud platforms,including, amongst others, for example, industry vertical expertise inenterprise management technologies, event management solutions,financial management solutions for major events, SaaS mobile enterprisesolutions, remote learning/training solutions, and virtual/hybrid eventsolutions. (SaaS) At this very challenging time, our team of technology-for-business professionalsand our Vongroup Ecosystem of solutions, services and products help us deliversolid results. Our VG Technology Solutions and BusinessProcesses division intends to continue tomake further investments in and reinforceour leading-edge IT and business processoutsourced services for customers in HongKong, elsewhere in Asia, as well as the UK/EU, by continuing to leverage upon ourtechnology and business expertise, as wellas our deep knowledge in multiple industryverticals. Strengthening ourTechnology Solutionsand Business ProcessesEcosystem andOperations: ContinuingInvestment in Technologyand Business Expertise,and Deep Knowledgein Multiple IndustryKnowledge In particular, we expect to broaden anddeepen our digital Ecosystem tto furtherinte g rateAI technolog y,Data-Dri venIntelligence, FinTech services, digital EventManagement,E-Commerce,EdTech andonline training, enterprise Messaging andProductivity, and Big Data Analytics, in orderto entrench our continuing relationships withour customers. CORPORATE PROFILE Weintend to develop further strategicalliances for our Claman Global Limiteds u b s i d i a r y,w h i c h o w n s a n d o p e r at e sFringeBacker Events, one of Asia’s premierSaaSplatforms that specialises in eventmanagement and related fintech for large-scale events, like, for example, the StandardChartered Hong Kong Marathon. We are proudthat FringeBacker Events is continues toprovide differentiated user experience throughits strong, high-security premium white-labelservice. Claman Global LimitedFringeBacker EventsSaaSFringeBacker Events (SaaS)(VR)(AR) Capitalising on our FinTech,SaaS, VR and AR Technology-Driven Management Servicesto grow Mission-CriticalInternational Events Business We expect to also continue to strengthenData-Driven and AI management of majorinternational events, marathons, trade shows,ticketed events, and payment services that areData-d