CWT INT'L年报2023

CONTENTS 目錄Definitions釋義2Corporate Information公司資料6Directors’ Biographies董事簡介8Financial Highlights財務摘要13Chairman’s Statement主席報告書15Management Discussion and Analysis管理層論述與分析17Corporate Governance Report企業管治報告25Report of the Directors董事會報告書55Independent Auditor’s Report獨立核數師報告69Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表79Consolidated Statement of Financial Position綜合財務狀況表82Consolidated Statement of Changes in Equity綜合權益變動表85Consolidated Statement of Cash Flows綜合現金流量表89Notes to the Consolidated Financial Statements綜合財務報表附註91Five-year Financial Summary五年財務摘要232 DEFINITIONS釋義CWT International Limited / 2023年年報2In this annual report, the following expressions shall have the following meanings unless the context requires otherwise:“Articles of Association”the articles of association of the Company「章程細則」本公司之組織章程細則“Audit Committee”the audit committee of the Board「審核委員會」董事會轄下之審核委員會“Board”the board of Directors「董事會」董事會“Board Diversity Policy”the board diversity policy of the Company adopted in August 2013 and revised in March 2019 and December 2022「董事會多元化政策」本公司於二零一三年八月採納及於二零一九年三月及二零二二年十二月修訂之董事會多元化政策“CG Code”the Corporate Governance Code as set out in Appendix C1 of the Listing Rules「企業管治守則」上市規則附錄C1所載企業管治守則“Chairman”the chairman of the Board「主席」董事會之主席“Chief Executive Officer”the chief executive officer of the Company「行政總裁」本公司之行政總裁“Co-Chairman”the co-chairman of the Board「聯席主席」董事會之聯席主席“Companies Ordinance”Companies Ordinance (Chapter 622 of the Laws of Hong Kong)「公司條例」香港法例第622章公司條例“Company”CWT International Limited, a company incorporated in Hong Kong with limited liability, the shares of which are listed on the Main Board of the Stock Exchange「本公司」CWT International Limited，一間於香港註冊成立之有限公司，其股份在聯交所主板上市“Company Secretary”the company secretary of the Company「公司秘書」本公司之公司秘書“connected person(s)”has the meaning ascribed to it under the Listing Rules「關連人士」具有上市規則所賦予該詞之涵義“COVID-19”the 2019 Novel Coronavirus「COVID-19」2019新型冠狀病毒於本年報內，除文義另有所指外，下列詞語具有以下涵義： 2023 Annual Report / CWT International Limited 3DEFINITIONS釋義“CWT SG”CWT Pte. Limited, a company incorporated in the Republic of Singapore and an indirect wholly-owned subsidiary of the Company「CWT SG」CWT Pte. Limited，於新加坡共和國註冊成立的公司，為本公司之間接全資附屬公司“CWT SG Group”CWT SG and its subsidiaries「CWT SG集團」CWT SG及其附屬公司“Director(s)”the director(s) of the Company「董事」本公司董事“Directors’ Nomination Policy”the directors’ nomination policy of the Company adopted in March 2019 and revised in December 2022「董事提名政策」本公司於二零一九年三月採納及於二零二二年十二月修訂之董事提名政策“Dividend Policy”the dividend policy of the Company adopted in March 2019「股息政策」本公司於二零一九年三月採納之股息政策“ED&F”the litigation initiated by ED&F Man Capital Markets Limited to Straits (Singapore) Pte. Ltd. (an indirect subsidiary of the Company) as mentioned in the Company’s announcements dated 11 August 2023「ED&F」ED&F Man Capital Markets Limited向Straits (Singapore) Pte. Ltd.(本公司的間接附屬公司)提出的訴訟，詳情載於本公司日期為二零二三年八月十一日的公告“Executive Committee”the executive committee of the Board「執行委員會」董事會轄下之執行委員會“Executive Director(s)”the executive Director(s)「執行董事」執行董事“Group”the Company and its subsidiaries「本集團」本公司及其附屬公司“HNA Group”HNA Group Co., Ltd.*, an indirect substantial Shareholder「海航集團」海航集團有限公司，一名間接主要股東“HNA Trust Management”Hainan HNA No. 2 Trust Management Service Co., Ltd.*, an indirect controlling Shareholder「海航信管」海南海航二號信管服務有限公司，一名間接控股股東“Hong Kong”/“HKSAR” the Hong Kong Special Administrative Region of the PRC「香港」╱「香港特區」中國香港特別行政區“Hong Kong HNA”Hong Kong HNA Holding Group Co. Limited, a direct controlling Shareholder「香港海航」香港海航實業集團有限公司，一名直接控股股東 CWT International Limited / 2023年年報4DEFINITIONS釋義“Independent Investigation Committee”the independent investigation committee of the Board「獨立調查委員會」董事會轄下之獨立調查委員會“Independent Non- executive Director(s)”the independent non-executive Director(s)「獨立非執行董事」獨立非執行董事“Investment Committee”the investment committee of the Board「投資委員會」董事會轄下之投資委員會“Listing Rules”the Rules Governing the Listing of Securities on the Stock Exchange「上市規則」聯交所證券上市規則“Model Code”the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules「標準守則」上市規則附錄C3所載上市發行人董事進行證券交易之標準守則“Nomination Committee”the nomination committee of the Board「提名委員會」董事會轄下之提名委員會“Non-executive Director(s)”the non-executive Director(s)「非執行董事」非執行董事“PRC”/“Mainland China”the People’s Republic of China, which for the purposes of this annual report (unless otherwise stated), excludes Hong Kong, the Macao Special Administrative Region of the PRC and Taiwan「中國」╱「中國內地」中華人民共和國，就本年報而言（除另有所指外），不包括香港、中國澳門特別行政區及台灣“Promissory Note”the promissory note dated 18 February 2022 entered into between the Company and an affiliate of the HNA Group Bankruptcy Reorganisation Specialised Service Trust. On and with effect from 18 February 2022, the original affiliate assigned to another affiliate of the HNA Group Bankruptcy Reorganisation Specialised Service Trust all of its rights and obligations in the Promissory Note and its righ