国农金融投资二零二三年年报

GEM CHARACTERISTICS OF GEM OF THE STOCK EXCHANGEOF HONG KONG LIMITED (“STOCK EXCHANGE”) GEM GEM has been positioned as a market designed to accommodatesmall and mid-sized companies to which a higher investmentrisk may be attached than other companies listed on the StockExchange. Prospective investors should be aware of the potentialrisks of investing in such companies and should make the decisionto invest only after due and careful consideration. GEMGEMGEM Given that the companies listed on GEM and generally small andmid-sized companies, there is a risk that securities traded on GEMmay be more susceptible to high market volatility than securitiestraded on the Main Board of the Stock Exchange and no assuranceis given that there will be a liquid market in the securities tradedon GEM. The Hong Kong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this annualreport, make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoeverarising from or in reliance upon the whole or any part of the contentsof this annual report. GEMGEM This annual report, for which the directors (“Directors”) of ChinaDemeter Financial Investments Limited (“Company”) collectivelyand individually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing of Securities onGEM (“GEM Listing Rules”) for the purpose of giving informationwith regard to the Company. The Directors, having made allreasonable enquiries, confirm that to the best of their knowledge andbelief the information contained in this annual report is accurate andcomplete in all material respects and not misleading or deceptive,and there are no other matters the omission of which would make anystatement herein or this annual report misleading. Contents Corporate Information3Chairman’s Statement6Management Discussion and Analysis10Environmental, Social and Governance Report42Profiles of Directors and Senior Management87Corporate Governance Report92Directors’ Report123Independent Auditors’ Report139Consolidated Statement of Profit or Loss andOther Comprehensive Income151Consolidated Statement of Financial Position154Consolidated Statement of Changes in Equity156Consolidated Statement of Cash Flows157Notes to the Consolidated Financial Statements160Five-year Financial Summary327 EXECUTIVE DIRECTORS Mr. Ng Man Chun Paul(Chairman)Mr. Ng Ting Ho(Chief Executive Officer)Mr. Chan Chi Fung INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Chan Hin HangMr. Yum Edward Liang HsienMr. Hung Kenneth AUTHORISED REPRESENTATIVES Mr. Ng Ting HoMs. Chan Lai Ping AUDIT COMMITTEE Mr. Chan Hin Hang(Chairman)Mr. Yum Edward Liang HsienMr. Hung Kenneth REMUNERATION COMMITTEE Mr. Chan Hin Hang(Chairman)Mr. Yum Edward Liang HsienMr. Hung Kenneth Corporate Information (Continued) NOMINATION COMMITTEE Mr. Yum Edward Liang Hsien(Chairman)Mr. Chan Hin HangMr. Hung Kenneth COMPANY SECRETARYMs. Chan Lai Ping,CPA AUDITORS 7288 Baker Tilly Hong Kong LimitedCertified Public AccountantsLevel 8, K11 ATELIER King’s Road728 King’s RoadQuarry BayHong Kong PRINCIPAL BANKER Bank of Communications Co., Ltd.The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL PLACE OF BUSINESS IN HONG KONG 9535A01 Office A01, 35/F, United CentreNo. 95 QueenswayAdmiralty, Hong Kong Corporate Information (Continued) PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT Conyers Corporate Services(Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services(Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 8120 8120 WEBSITE www.chinademeter.com www.chinademeter.com Chairman’s Statement Dear Shareholders, On behalf of the board (“Board”) of directors (“Directors”) of ChinaDemeter Financial Investments Limited (the “Company”, togetherwith its subsidiaries, the “Group”), it gives me great pleasure topresent to you the annual report for the year ended 31 December 2023. RESULTS PERFORMANCE 156,940,000141,903,00045,308,00018,844,00013,232,000(i)8,466,000(ii)3,432,000(iii)4,080,000(iv)1,894,0002,323,0001,173,000 For the year ended 31 December 2023, the Group recorded revenueof approximately HK$156,940,000 (2022: HK$141,903,000) fromcontinuing operations. Loss attributable to owners of the Companyamounted to approximately HK$45,308,000 (2022: HK$18,844,000).The net loss attributable to owners of the Company for the yearended 31 December 2023 was mainly attributable to the fair valueloss on financial assets through profit or loss of approximatelyHK$13,232,000, and the increase in loss in (i) the food and beveragebusiness of app