维港育马2023年报

(Incorporated in the Cayman Islands with limited liability) Stock Code: 8377 2 0 2 3A N N U A L R E P O R T CHARACTERISTICS OF GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM GEM GEMhas been positioned as a market designed toa c c o m m o d a t es m a l l a n d m i d - s i z e d c o m p a n i e s t ow h i c ha h i g h e r i n ve s t m e n t r i s k m ay b e a t t a c h e dthanother companies listed on the Stock Exchange.Prospective investors should be aware of the potentialrisksof investing in such companies and should maket h ed e c i s i o n t o i nve s t o n l y a f t e r d u e a n d c a r e f u lconsideration. GEMGEMGEM Giventhat the companies listed on GEM are generallysmalland mid-sized companies,there is a risk thatsecuritiestraded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoardand no assurance is given that there will be aliquid market in the securities traded on GEM. HongKong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,make no representation as to its accuracy or completenessand expressly disclaimany liability whatsoever for any losshowever arising from or in reliance upon the whole or any partof the contents of this report. Thisreport,for which the directors(the“Directors”)ofHarbour Equine Holdings Limited (the “Company”) collectivelyand individually accept full responsibility, includes particularsgiven in compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange (the “GEM ListingRules”)for the purpose of giving information with regardto the Company. The Directors, having made all reasonableenquiries, confirm that, to the best of their knowledge andbelief,the information contained in this report is accurateandcomplete in all material respects and not misleadingordeceptive,and there are no other matters the omissionofwhich would make any statement herein or this reportmisleading. GEMGEM Contents Corporate Information2Chairman’s Statement5Management Discussion and Analysis8Biographical Details of Directors and Senior Management22Corporate Governance Report29Report of the Directors46Independent Auditor’s Report66Consolidated Statement of Profit or Loss and Other Comprehensive Income84Consolidated Statement of Financial Position85Consolidated Statement of Changes in Equity87Consolidated Statement of Cash Flows89Notes to the Consolidated Financial Statements92Five Year Financial Summary292Schedule of Bloodstocks and Stallions294 Corporate Information BOARD OF DIRECTORS Executive Directors Shane McGrath Mr. Wong Kwok Wai, Albert(Chairman)Mr. Chan Yiu Tung, EnochMr. Leung King Yue, AlexMr. Ma Pok Man Josiah(resigned on 29 February 2024)Mr. Shane McGrath Independent Non-executive Directors Mr. Sung Alfred Lee MingMr. Chan Tsun Choi, ArnoldMr. Chow Chin Hang, Joel COMPLIANCE OFFICER Mr. Chan Yiu Tung, Enoch AUTHORISED REPRESENTATIVES Mr. Leung King Yue, AlexMr. Hui Man Ho, Ivan COMPANY SECRETARY Mr. Hui Man Ho, Ivan AUDIT COMMITTEE Mr. Sung Alfred Lee Ming(Chairman)Mr. Chan Tsun Choi, ArnoldMr. Chow Chin Hang, Joel Corporate Information (Continued) REMUNERATION COMMITTEE Mr. Chow Chin Hang, Joel(Chairman)Mr. Sung Alfred Lee MingMr. Chan Tsun Choi, Arnold NOMINATION COMMITTEE Mr. Wong Kwok Wai, Albert(Chairman)Mr. Sung Alfred Lee MingMr. Chow Chin Hang, JoelMr. Chan Tsun Choi, Arnold AUDITOR Asian Alliance (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors PRINCIPAL BANK The Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1–1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1–1108Cayman Islands Corporate Information (Continued) PRINCIPAL PLACE OF BUSINESS IN THE PRC 386 No. 386 Zeng Nan RoadZeng Jiao CunFang CunLiwan DistrictGuangzhouChina HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 2585 5/F, Caltex House258 Hennessy RoadWan Chai, Hong Kong HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1–1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1–1108Cayman Islands COMPANY’S WEBSITE www.harbourequine.com www.harbourequine.com STOCK CODE 8377 8377 Chairman’s Statement Dear Shareholders, Onbehalf of the board of Directors(the“Board”),I amdelighted to present the annual report of the Company and itssubsidiaries (collectively, the “Group”) for the year ended 31December 2023. BUSINESS REVIEW 69,100,0009.5%76,300,00022,900,00046,800,000104.4% For the year ended 31 December 2023, the Group’s revenuedecreasesto approximately HK$69.1 million,representingad e c r e a