荣丰集团亚洲二零二三年报

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED(THE “STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate small and mid-sized companies to whicha higher investment risk may be attached than other companies listed on the Stock Exchange. Prospectiveinvestors should be aware of the potential risks of investing in such companies and should make the decisionto invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible to high market volatility than securities traded on theMain Board and no assurance is given that there will be a liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility forthe contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liabilitywhatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the directors (the “Directors”) of Wing Fung Group Asia Limited (the “Company”) collectively andindividually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange (the “GEM Listing Rules”) for the purpose of giving information with regardto the Company and its subsidiaries (collectively, the “Group”). The Directors, having made all reasonable enquiries,confirm that to the best of their knowledge and belief the information contained in this report is accurate and completein all material respects and not misleading or deceptive, and there are no other matters the omission of which wouldmake any statement herein or this report misleading. GEM GEM GEMGEMGEM GEMGEM CONTENTS Corporate Information3Chairman’s Statement5Management Discussion and Analysis7Corporate Governance Report17Environmental, Social and Governance Report39Biographical Details of Directors and Senior Management58Report of Directors64Independent Auditor’s Report77Consolidated Statement of Comprehensive Income85Consolidated Statement of Financial Position86Consolidated Statement of Changes in Equity88Consolidated Statement of Cash Flows89Notes to the Consolidated Financial Statements90Financial Summary168 CORPORATE INFORMATION BOARD OF DIRECTORS Executive DirectorsMr. Chung Chi Keung(Chairman)Ms. Lai Suk Fan Independent Non-executive DirectorsMr. Choy Hiu Fai EricMr. Lei ForMr. Lai Wai Ming COMPANY SECRETARYMr. Law Pak Hin Edward COMPLIANCE OFFICERMr. Chung Chi Keung AUTHORISED REPRESENTATIVESMr. Chung Chi KeungMr. Law Pak Hin Edward AUDIT COMMITTEEMr. Choy Hiu Fai Eric(Chairman)Mr. Lei ForMr. Lai Wai Ming REMUNERATION COMMITTEE Mr. Lai Wai Ming(Chairman)Mr. Chung Chi KeungMr. Choy Hiu Fai Eric NOMINATION COMMITTEE Mr. Lei For(Chairman)Mr. Chung Chi KeungMr. Lai Wai Ming AUDITORMazars CPA Limited CORPORATE INFORMATION REGISTERED OFFICE 71 Fort Street, PO Box 500George TownGrand CaymanKY1–1106Cayman Islands 71 Fort Street, PO Box 500George TownGrand CaymanKY1–1106Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 1B21 D Unit D, 21/F., Tower BBillion Centre1 Wang Kwong RoadKowloon Bay, KowloonHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Appleby Global Services (Cayman) Limited71 Fort Street, PO Box 500George TownGrand CaymanKY1–1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort Street, PO Box 500George TownGrand CaymanKY1–1106Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedChina Construction Bank Corporation Macau BranchNanyang Commercial Bank, Limited WEBSITE ADDRESSwww.wingfunggroup.com www.wingfunggroup.com 8526 STOCK CODE8526 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board of Directors (the “Board”) of the Company, Ihereby present the audited financial statements of the Group for theyear ended 31 December 2023 (the “Relevant Period”). REVIEW AND RESULTS The Group is principally engaged as a subcontractor for the provisionof supply, installation and fitting-out services of mechanicalventilation and air-conditioning (“MVAC”) system for various typesof private and public building projects including infrastructural,commercial and residential building projects in Hong Kong andMacau. With rising geopolitical conflicts and tensions, soaring interest rate,inflationary pressure and challenges associated with post-pandemiceconomic recovery in both Mainland China and Hong Kong, thebusiness environment in 2023 continued to be challenging andoverall market sentiment had remained weak. During the RelevantPeriod, the Group’s performance has been impacted by skill