丽年国际2023年报

(Incorporated in the Cayman Islands with limited liability)Stock code: 9918 ANNUALREPORT年 報2023 CONTENTS公司資料2Corporate Information財務摘要4Financial Highlights五年財務概要5Five-Year Financial Summary主席報告書6Chairman’s Statement管理層討論與分析8Management Discussion and Analysis董事及高級管理層12Directors and Senior Management董事會報告書19Report of the Directors企業管治報告書37Corporate Governance Report環境、社會及管治報告61Environmental, Social and Governance Report獨立核數師報告97Independent Auditor’s Report綜合全面收益表104Consolidated Statement of Comprehensive Income綜合財務狀況表105Consolidated Statement of Financial Position綜合權益變動表107Consolidated Statement of Changes in Equity綜合現金流量表109Consolidated Statement of Cash Flows綜合財務報表附註110Notes to the Consolidated Financial Statements Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Chu Wai Hang Raymond(Chairman and Chief Executive Officer)Mr. Chu Man Yin Arthur NewtonMr. Lau Shui Fung(Chief Financial Officer) Independent Non-executive Directors 20236 120236 1 Ms. Law Elizabeth (appointed on 1 June 2023)Ms. Ling Imma Kit Sum (retired on 1 June 2023)Mr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Audit Committee 20236 120236 1 Ms. Law Elizabeth(Chairperson) (appointed on 1 June 2023)Ms. Ling Imma Kit Sum(Chairperson) (retired on 1 June 2023)Mr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Remuneration Committee 20236 120236 1 Mr. Szeto Yuk Ting(Chairman)Mr. Chu Wai Hang RaymondMs. Law Elizabeth (appointed on 1 June 2023)Ms. Ling Imma Kit Sum (retired on 1 June 2023)Mr. Lee Wa Lun Warren Nomination Committee 20236 120236 1 Mr. Lee Wa Lun Warren(Chairman)Mr. Chu Wai Hang RaymondMs. Law Elizabeth (appointed on 1 June 2023)Ms. Ling Imma Kit Sum (retired on 1 June 2023)Mr. Szeto Yuk Ting Company Secretary Ms. Chan Sau Ling Authorised Representatives Mr. Chu Wai Hang RaymondMs. Chan Sau Ling Auditor PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor Corporate Information Hong Kong Legal Adviser Bird & Bird Principal Bankers The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) Limited Compliance Adviser Huajin Corporate Finance (International) Limited Registered Office 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Headquarter and Principal Place of Business in Hong Kong Units 3203-3207, Tower 1Enterprise Square Five, 38 Wang Chiu RoadKowloon Bay, Kowloon, Hong Kong 38513203-3207 PrincipalShare Registrar and Transfer Office in theCayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Hong Kong Branch Share Registrar and Transfer Office Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 Place of Listing 9918 The Stock Exchange of Hong Kong Limited Stock Code 9918 Stock Name WISE ALLY INTL www.wiseally.com.hk CONSOLIDATED RESULTS Chairman’s Statement On behalf of the board (the “Board”) of directors (the “Directors” andeach a “Director”) of Wise Ally International Holdings Limited (the“Company”, together with its subsidiaries, the “Group”), I am pleasedto present to the shareholders of the Company (the “Shareholders”) theannual results and consolidated financial statements of the Group forthe year ended 31 December 2023 (“FY2023” or the “reporting period”)together with the comparative figures for the year ended 31 December2022 (“FY2022”). 202312312023202212 312022 20232022 The world might have averted an economic disaster in 2023, butunder the combined weight of continuous high interest rate, coolingdemands from the major economies (the US aside), and fresh disruptionsemanating from the Israeli-Hamas/Houthi conflict, the past year hadbeen tantalizingly challenging to the Group. As well, cancellation oforders by customers due to over-stocking in 2022 was widespread in theelectronics manufacturing services (“EMS”) industry. 8.1% Despite the above, our best effort has resulted in a better-than-expected8.1% drop in revenue. The only compensating element we experiencedis somewhat lower material prices. Our joint venture, Talentone Technology Limited (“TTL”), with a mainfocus in sales of vacuum cleaners on the US market, has unconfirmedpotential orders in late 2023 after finally completing the necessarylogistical and marketing setups. Hopefully, a surging US consumermarket that is seemingly undaunted by Federal Reserve Board interestpolicy and global downturn, could facilitate a belated sales ramp-up. Amidst a slower than expected start of TTL’s business, the Grouprecorded losses of approximately HK$29.4 million from the changes inthe fair value of the Group’s investment in the convert