CWT INT'L中期报告2023

CONTENTS Definitions2Corporate Information6Interim Results8Consolidated Statement of Profit or Loss andOther Comprehensive Income8Consolidated Statement of Financial Position11Consolidated Statement of Changes in Equity13Condensed Consolidated Statement of Cash Flows15Notes to the Unaudited Interim Financial Report17Management Discussion and Analysis50Interim Dividend60Purchase, Sale or Redemption of the Company’sListed Securities60Directors’ and Chief Executives’ Interests andShort Positions in Shares, Underlying Sharesand Debentures60Interests and Short Positions of ShareholdersDiscloseable under the SFO61Audit Committee63Compliance with Corporate Governance Code63Compliance with Model Code for SecuritiesTransactions by Directors64Disclosure of Directors’ Information underRule 13.51B(1) of the Listing Rules13.51B(1)64Appreciation64 DEFINITIONS In this interim report, the following expressions shall have thefollowing meanings unless the context requires otherwise: “Articles of Association” the articles of association of the Company the board of Directors the chief executive officer of the Company Companies Ordinance (Chapter 622 of the Laws of Hong Kong)622 “Company” the company secretary of the Company has the meaning ascribed to it under the Listing Rules “COVID-19”COVID-19 the 2019 Novel Coronavirus2019 CWT Pte. Limited, a company incorporated in the Republic of Singapore andan indirect wholly-owned subsidiary of the CompanyCWT Pte. Limited the executive Director(s) “HNA Group” “HNA Tourism” “Hong Kong HNA” “Listing Rules” “Model Code” DEFINITIONS the nomination committee of the Board the People’s Republic of China, which for the purposes of this interimreport (unless otherwise stated), excludes Hong Kong, the Macao SpecialAdministrative Region of the PRC and Taiwan “Promissory Note” the promissory note dated 3 September 2020 entered into between theCompany and HNA Group (International). On and with effect from 7 April2021, HNA Group (International) assigned to HNA Tourism all of its rightsand obligations in the Promissory Note and its right to collect and be paid allprincipal, interest and other sums due under or in respect of the PromissoryNote pursuant to a deed of assignment dated 7 April 2021 entered intobetween HNA Group (International) and HNA Tourism the remuneration committee of the Board Reorganisation Plan of the Substantive Merger and Reorganisation for 321Companies of HNA Group “Restructuring Plan” the Securities and Futures Ordinance (Chapter 571 of the Laws of HongKong)571 the ordinary share(s) of the Company the holder(s) of the Shares The Stock Exchange of Hong Kong Limited has the meaning ascribed to it under the Listing Rules HNA Group Bankruptcy Reorganisation Specialised Service Trust*, whichholds 100% of shares of HNA Trust Management100% Euro, the official currency of the European Union Hong Kong dollars, the lawful currency of Hong Kong United States dollars, the lawful currency of the United States of America “%”per cent or percentage% 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 SECRETARYLau 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 INTERIM RESULTS The Board of CWT International Limited is pleased to report theunaudited consolidated interim results of the Group for the sixmonths ended 30 June 2023. These interim results have beenreviewed by the Company’s Audit Committee. CWT International Limited CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 30 June 2023 – unaudited– The notes on pages 17 to 49 form part of this interim financialreport. 1749 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 30 June 2023 – unaudited– The notes on pages 17 to 49 form part of t