胡桃资本二零二三年年报

2462025365766 Corporate InformationChairman’s StatementManagement Discussion and AnalysisBiographical Details of DirectorsDirectors’ ReportCorporate Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or Loss andOther Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFinancial Summary 67697173168 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors:Mr. Mung Kin Keung(Co-chairman)Mr. Mung Bun Man, Alan(Chief Executive Officer) Non-executive Directors:Dr. Ng Kit Chong(Co-chairman)Mr. Wang Mingmin (appointed on 15 November 2023) Independent Non-executive Directors:Mr. Fung Wai ChingMs. Lui Sau LinMr. Chung Wang Hei AUDIT COMMITTEE Ms. Lui Sau Lin(Committee Chairman)Mr. Fung Wai ChingMr. Chung Wang Hei REMUNERATION COMMITTEE Mr. Fung Wai Ching(Committee Chairman)Mr. Chung Wang HeiMr. Mung Kin KeungMs. Lui Sau Lin NOMINATION COMMITTEE Mr. Chung Wang Hei(Committee Chairman)Mr. Fung Wai ChingMr. Mung Kin KeungMs. Lui Sau Lin INVESTMENT COMMITTEE Mr. Mung Kin Keung(Committee Chairman)Mr. Mung Bun Man, AlanMr. Wong Siu Hang COMPANY SECRETARY Mr. Wong Siu Hang AUTHORIZED REPRESENTATIVES Mr. Mung Bun Man, AlanMr. Wong Siu Hang CORPORATE INFORMATION PRINCIPAL BANKER Shanghai Commercial Bank Limited AUDITOR Elite Partners CPA Limited PRINCIPAL SHARE REGISTRAR Codan Services Limited ofClarendon House2 Church StreetHamilton HM 11Bermuda Codan Services Limited ofClarendon House2 Church StreetHamilton HM 11Bermuda HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong REGISTERED OFFICE Clarendon House,2 Church Street,Hamilton HM 11,Bermuda Clarendon House,2 Church Street,Hamilton HM 11,Bermuda PRINCIPAL PLACE OF BUSINESS 168–200313108 Unit 3108, 31/F, Shun Tak Centre,West Tower,168–200 Connaught Road Central,Hong Kong STOCK CODE 905 The Stock Exchange of Hong Kong Limited: 905 www.irasia.com/listco/hk/WalnutCapital/ COMPANY WEBSITE www.irasia.com/listco/hk/WalnutCapital/ info905@walnutcapital.io EMAIL ADDRESS info905@walnutcapital.io CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors (the“Director(s)”) of Walnut Capital Limited (the “Company”), Ipresented to you the annual report of the Company and itssubsidiaries (the “Group”) for the year ended 31 December2023. 165,00025,300,000117,000,00091,700,000(i)86,700,000(i i)5,500,000 During the year ended 31 December 2023, the revenue ofthe Group was approximately HK$165,000 and recorded aloss attributable to owners of the Company of approximatelyHK$25.3 million, compared to a loss attributable to owners ofthe Company of approximately HK$117.0 million for the yearended 31 December 2022. The Group recorded a decrease inloss of approximately HK$91.7 million attributable to ownersof the Company for the year ended 31 December 2023. Suchdecrease was mainly attributable to (i) a decrease in lossarising in change in fair value of financial assets at fair valuethrough profit or loss of approximately HK$86.7 million; and(ii) a decrease in administrative expenses and other operatingexpenses of approximately HK$5.5 million. PROSPECTS Looking forward, facing a number of risks and uncertainties,such as the tumultuous relationship between the UnitedStates and China, stubborn inflation, and heightened interestrates, we expect global investment will not be very optimisticin the coming year. Under such highly uncertain investmentenvironment, the we will take prudent strategies to manage ourinvestment portfolio. CHAIRMAN’S STATEMENT APPRECIATION On behalf of the Board, I would like to express my deepestgratitude and appreciation to business partners, externalp r o f e s s i o n a l s, f e l l o w D i r e c t o r s, e m p l o y e e s a n d o u rshareholders. Mung Kin KeungCo-chairman Hong Kong, 28 March 2024 FINANCIAL REVIEW During the year ended 31 December 2023, the Group recordeda loss attributable to owners of the Company of approximatelyHK$25.3 million, compared to a loss attributable to owners ofthe Company of approximately HK$117.0 million for the yearended 31 December 2022. The Group recorded a decrease inloss of approximately HK$91.7 million attributable to ownersof the Company for the year ended 31 December 2023. Suchdecrease was mainly attributable to (i) a decrease in lossarising in change in fair value of financial assets at fair valuethrough profit or loss of approximately HK$86.7 million; and(ii) a decrease in administrative expenses and other operatingexpenses of approximately HK$5.5 million. 25,300,000117,000,00091,700,000(i)86,700,000(ii)5,500,000 INVESTMENT OBJECTIVES, POLICIES ANDRESTRICTIONS Set out below are the investment objectives, policies andrestrictions of the Group: i. i.Our investments will normally be made in li