CWT INT'L年报2022

CONTENTS DefinitionsCorporate InformationDirectors’ BiographiesFinancial HighlightsChairman’s StatementManagement Discussion and AnalysisCorporate Governance ReportReport of the DirectorsIndependent Auditor’s ReportConsolidated Statement of Profit or Lossand Other Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFive-year Financial Summary2681315182553667679828688240 DEFINITIONS In this annual report, the following expressions shall have thefollowing meanings unless the context requires otherwise: “2012 Scheme” DEFINITIONS CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Wang Kan(Chairman and Chief Executive Officer)Zhao QuanPeng BiaoXu Xu Independent Non-executive Directors Leung Shun Sang, TonyLiem Chi Kit, KevinLam Kin Fung, Jeffrey AUDIT COMMITTEE Liem Chi Kit, Kevin(Chairman)Leung Shun Sang, TonyLam Kin Fung, Jeffrey EXECUTIVE COMMITTEE Wang Kan(Chairman)Peng BiaoXu Xu INDEPENDENT INVESTIGATION COMMITTEE Liem Chi Kit, Kevin(Chairman)Leung Shun Sang, TonyLam Kin Fung, Jeffrey NOMINATION COMMITTEE Wang Kan(Chairman)Leung Shun Sang, TonyLiem Chi Kit, KevinLam Kin Fung, Jeffrey REMUNERATION COMMITTEE Liem Chi Kit, Kevin(Chairman)Wang KanLeung Shun Sang, TonyLam Kin Fung, Jeffrey COMPANY SECRETARY Lau Lap Ngai AUDITOR KPMGPublic Interest Entity Auditor registered in accordance with theFinancial Reporting Council Ordinance LEGAL ADVISER AS TO HONG KONG LAWJingtian & Gongcheng LLP SHARE REGISTRAR AND TRANSFER OFFICE Link Market Services (Hong Kong) Pty LimitedSuite 1601, 16/F., Central Tower28 Queen’s Road CentralHong Kong Link Market Services (Hong Kong) Pty Limited28161601 REGISTERED OFFICE 111101–3 & 12 Suites 1101–3 & 12, 11th Floor, Tower 2The Gateway, Harbour CityKowloonHong Kong 521 STOCK CODE521 www.cwtinternational.com WEBSITEwww.cwtinternational.com DIRECTORS’ BIOGRAPHIES Mr. Wang Kan(“Mr. Wang”), aged 39, holds a bachelor’s degreein German from Shanghai International Studies University and amaster’s degree in interpreting and translating from the Universityof Bath in United Kingdom (“UK”). He is also a certified publicaccountant of Hong Kong Institute of Certified Public Accountantsand an associate of the Institute of Chartered Accountants inEngland and Wales. Mr. Wang was appointed as an ExecutiveDirector, Chairman and the Chief Executive Officer in February2022. He is the chairman of each of the Executive Committee andthe Nomination Committee, and a member of the RemunerationCommittee, and also acts as directors of a number of subsidiariesof the Company. XVA600387TOUR Mr. Wang joined Yangtze River Air Cargo Holdings Limited* (), a company under HNA Group, asubstantial Shareholder pursuant to Part XV of the SFO, in 2017and has served several senior positions for its certain companies.Mr. Wang is currently a director of HY Energy Group Co., Ltd. (anA-Share listed company on the Shanghai Stock Exchange, StockCode: 600387) and Tuniu Corporation (a listed company on theNASDAQ, Stock Code: TOUR). Hung ToCapital Limited Before joining HNA Group, Mr. Wang served as the deputymanager of the banking and capital markets department of DeloitteLLP UK, the chief investment officer of Hung To Capital Limitedand director of overseas investment and operations of QingdaoHaier Co., Ltd. Mr. Wang has extensive management knowledgeand working experience in the fields of investment and financing,financial markets, financial accounting and compliance. A service agreement was entered into between Mr. Wang andthe Company for a term of three years commencing on 1 January2023. DIRECTORS’ BIOGRAPHIES XV Mr. Zhao Quan(“Mr. Zhao”), aged 52, holds a bachelor’sdegree of science in computer science software managementfrom Lanzhou University. Mr. Zhao was appointed as anExecutive Director and the Chairman of the Board in July 2015,was re-designated as the Co-Chairman in November 2016, andsubsequently stepped down as the Co-Chairman in December2017 but remains as an Executive Director. He once actedas directors of a number of subsidiaries of the Company. Mr.Zhao joined HNA Group, in 2009, and was engaged with seniormanagement positions. He is now a director and chairman ofthe board of HNA Trust Management, a substantial Shareholderpursuant to Part XV of the SFO. Mr. Zhao has nearly 30 yearsof working and management experience in the areas of airlines,finance, airport investment and operation etc., and has extensiveknowledge and working experience in corporate management. A service agreement was entered into between Mr. Zhao andthe Company for a term of three years commencing on 1 January2023. Mr. Peng Biao(“Mr. Peng”), aged 41, holds a bachelor’s degreein English from Sichuan International Studies University and amaster’s degree in communications from Peking University. Mr.Peng was appointed as an Executive Director in May 2021, and i