云游控股2023年度报告

(Incorporated in the Cayman Islands with Limited Liability)Stock Code : 00484 Contents Corporate Information2Financial Highlights5Chairman’s Statement7Report of Directors9Management Discussion And Analysis44Corporate Governance Report56Biographical Details of Directors and Senior Management87Independent Auditor’s Report93Consolidated Statement of Profit or Loss andOther Comprehensive Income99Consolidated Statement of Financial Position101Consolidated Statement of Changes in Equity103Consolidated Statement of Cash Flows104Notes to the Consolidated Financial Statements106Definitions1922023 Environmental, Social, and Governance Report2012023 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. CUI Yuzhi(Chairman and Chief Executive Officer)Mr. ZHU Liang(Chief Financial Officer) Non-executive Director Mr. WANG Wenpeng Independent Non-executive Directors Mr. WONG Chi KinMr. LU XiaomaMr. JI Yong AUDIT AND COMPLIANCE COMMITTEE Mr. WONG Chi Kin(Chairman)Mr. JI YongMr. LU Xiaoma REMUNERATION COMMITTEE Mr. JI Yong(Chairman)Mr. WANG WenpengMr. WONG Chi Kin NOMINATION COMMITTEE Mr. CUI Yuzhi(Chairman)Mr. JI YongMr. LU Xiaoma CORPORATE GOVERNANCE COMMITTEE Mr. WONG Chi Kin(Chairman)Mr. JI YongMr. CUI Yuzhi 2FORGAME HOLDINGS LIMITED.2023 Annual Report AUTHORISED REPRESENTATIVES Mr. CUI YuzhiSir KWOK Siu Man KR COMPANY SECRETARYSir KWOK Siu Man KRLEGAL ADVISORS Ince & CoAllBright Law Offices REGISTERED OFFICE Osiris International Cayman LimitedSuite #4-210, Governors Square23 Lime Tree Bay AvenueP.O. Box 32311Grand Cayman KY1-1209Cayman Islands The offices of Osiris International Cayman LimitedSuite #4-210, Governors Square23 Lime Tree Bay AvenueP.O. Box 32311Grand Cayman KY1-1209Cayman Islands CORPORATE HEADQUARTERS A1106 Room 1106, Block A, Phase IInnovation Technology PlazaTianan Digital CityChegongmiao, Futian DistrictShenzhenChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG 91216 Unit 6, 1/F, Trust Centre912 Cheung Sha Wan RoadLai Chi KokKowloonHong Kong Corporate Information AUDITOR ZHONGHUI ANDA CPA Limited 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.forgame.com.cn www.forgame.com.cn STOCK CODE ON THE MAIN BOARD OF THE STOCKEXCHANGE OF HONG KONG LIMITED 484484 CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME Financial Highlights Chairman’s Statement主席報告書 OVERVIEW COVID-1960.247.3%17.6 Despite the end of the COVID-19 pandemic as a public health emergency,the world economy has still been suffering from a series of interactingshocks including a new round of the Palestinian-Israeli conflict, the protractedstalemate in the Russo-Ukrainian war and international energy crises, soaringinflation, tightening debt and climate emergency arising therefrom since 2023.The growth momentum of global economies, including the United States (“U.S.”), the European Union and other developed economies, has weakened,and China has also suffered multiple adverse effects, especially U.S. sanctionsand supply chain disruptions. Due to the complex domestic economicenvironment and reduced demand, the Group’s business faced continuouschallenges during the year ended 31 December 2023. The Board and themanagement reviewed the internal operation and management strategieson a regular basis and proactively dealt with past issues while continuouslyimproving corporate governance. Under such circumstances, we continued toinvest and develop the online gaming, mobile gaming and electronic devicetrading businesses, and improved our management and operation efficiency.In the year ended 31 December 2023, the Group recorded revenue ofapproximately RMB60.2 million, representing a decrease of 47.3% comparedto last year. Such revenue is less than expected, but management is fullyconfident that operating revenues, particularly in the gaming business, willgrow significantly and return to more favourable levels in 2024 and beyond.Due to the direct impact of the payback period of game research and thepricing cycle of electronic storage products, the Group recorded a loss ofapproximately RMB17.6 million during the year. Chairman’s Statement OUTLOOK As an ancient Chinese poem goes, “The ocean is boundless for fish to leapat will, and the sky is unlimited for birds to fly at ease”. Looking ahead to2024, the Group will face various opportunities and challenges. Although thepandemic situation in China has stabilized, there are still multiple challengesfacing economic recovery, coupled with market instability factors, such asgeopolitical tensions, international trade frictions and fluctuations or shrinkageof demand in the economic environment, which will continue to affect theCompany’s development. Under such circumstances, the Group will continue to strengthen internalmanagement, improve efficiency, reduce costs and actively conduct businessexpansion. At the same time, the Group will continue to increase theproportion of the game