东建国际2023年度报告

ANNUALREPORT2023 Corporate Information2Financial Highlights4Chairman’s Statement5Management Discussion and Analysis9Corporate Governance Report28Directors and Senior Management Profile57Environmental, Social and GovernanceReport67Directors’ Report116Independent Auditor’s Report144Consolidated Statement of Profit or Lossand Other Comprehensive Income157Consolidated Statement of FinancialPosition159Consolidated Statement of Changes inEquity161Consolidated Statement of Cash Flows162Notes tothe Consolidated FinancialStatements163Financial Summary296 Contents CORPORATE INFORMATION2 BOARD OF DIRECTORS ************ DirectorsMr.JiaoShuge(Chairman)Mr. Tang Nanjun(Chief Executive Officer)(appointed on 14 December 2023)Mr. Wu Guangze*Mr. Feng Hai*Mr. Tso Siu Lun Alan**Mr. Li Xindan**Dr. Lo Wing Yan William**Mr. Chong Ka Yee**(appointed on 23 March 2023)Ms. Zheng Xiaosu*(resigned on 31 March 2023)Mr. Wei Bin*(resigned on 29 September 2023) *** *Non-executive Director**Independent non-executive Director AUDIT COMMITTEE Mr. Chong Ka Yee(Chairman)Mr. Tso Siu Lun AlanMr. LiXindanDr. Lo Wing Yan William REMUNERATION COMMITTEE Dr. Lo Wing Yan William(Chairman)Mr. Chong Ka YeeMr. Tso Siu Lun AlanMr. Li Xindan NOMINATION COMMITTEE Mr. Tso Siu Lun Alan(Chairman)Dr. Lo Wing Yan WilliamMr. Chong Ka YeeMr. Li Xindan INVESTMENT COMMITTEE Mr. Jiao Shuge(Chairman)Mr. Wu Guangze COMPANY SECRETARYMr. Mak Kai Fung AUDITORPrism Hong Kong and Shanghai Limited 2023 REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS INTHE HONG KONG SPECIAL ADMINISTRATIVE REGION OFTHE PEOPLE’S REPUBLIC OF CHINA (“HONG KONG”) 2823 Level 2328 Hennessy RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Suntera (Cayman) LimitedSuite3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana Bay,Grand Cayman,KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana Bay,Grand Cayman, KY1-1100Cayman Islands H O N G K O N G B R A N C H S H A R E R E G I S T R A R A N DTRANSFER OFFICE 1831712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, Hopewell Centre183 Queen’s Road EastHong Kong PRINCIPAL BANKERS TheHong Kong and Shanghai Banking Corporation LimitedCMB Wing Lung Bank LimitedChina Minsheng Banking Corp., Ltd Hong KongBranch www.oci-intl.com COMPANY WEBSITEwww.oci-intl.com 0329 0329 4FINANCIAL HIGHLIGHTS Revenue for the year ended 31 December 2023 (the “YearUnder Review”) increased by 192.2% to HK$89.55 million(2022: HK$30.65 million). The increase in revenue wasmainly due to the increase in income from asset managementservices, trading of wines and beverage, and the recognitionof net income from securities trading and investmentsbusiness of HK$9.73 million (2022: net loss of HK$29.06million). 192.2%89.5530.659.7329.06 10.5673.23 After cost of sales and services rendered, general andadministrative expenses, and net reversal of or impairmentloss on financial assets, loss from operations for the YearU n d e r R e v i e w a m o u n t e d t o H K $10.56 m i l l i o n (2022:HK$73.23 million). 78.2113.24EBITDA1.1965.86 For the same token, loss for the Year Under Review decreasedfrom HK$78.21 million for the year ended 31 December 2022to HK$13.24 million. EBITDA was a loss of HK$1.19 millionfor the Year Under Review (2022: loss of HK$65.86 million). Loss per share (basic) attributable toequity shareholdersof the Company decreased from HK5.05 cents for the yearended 31 December 2022 to HK0.87 cents for the Year UnderReview. 5.050.87 On behalf of the board (the“Board”) of directors (the“Directors”) of OCI International Holdings Limited (the“Company”), I hereby present to our Shareholders the annualresults of the Company and its subsidiaries (collectivelyreferred to as the“Group”) for the year ended 31 December2023 (the“Year Under Review”). REVIEW OF OPERATION The Company is an investment holding company and itssubsidiaries are principally engaged in the provision of assetmanagement services, provision of investment and financialadvisory services, provision of securities underwriting andplacing services, securities trading and investments andtrading of wines and beverages. 49101494061127055742.7528.27 The Group commenced its asset management business in May2018 and generated revenue by providing asset managementservices and advisory services through the expertise of theGroup’s investment team with Type 4 (advising on securities)and Type 9 (asset management) licenses granted by theSecurities and Future Commission of Hong Kong. The licensedactivities were conducted by the asset management subsidiaryof the Group, namely OCI Asset Management CompanyLimited (“OCIAM”). The total assets under management(“AUM”) and subscription amounts from investors managedby