王氏国际2023 年报

Contents Corporate Information2Chairman’s Statement4Financial Highlights12Five-Year Financial Summary14Directors’ Report15Environmental, Social and Governance Report41Corporate Governance Report80Independent Auditor’s Report104Consolidated Income Statement112Consolidated Statement of Comprehensive Income113Consolidated Statement of Financial Position114Consolidated Statement of Changes in Equity116Consolidated Cash Flow Statement118Notes to the Consolidated Financial Statements119Schedule of Principal Properties260 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Wong Chung Mat, Ben(Chairman and Chief Executive Officer)Ms. Wong Yin Man, AdaDr. Chan Tsze Wah, GabrielMr. Hung Wing Shun, EdmundMr. Chan Wai Ming, Hermes Independent Non-executive Directors GBSOBEGBM Dr. Li Ka Cheung, Eric,GBS, OBE, JPDr. Yu Sun Say,GBM, JPMr. Alfred Donald Yap,JPMr. Lo Wai Ho, Ashley AUDIT COMMITTEE GBSOBEGBM Dr. Li Ka Cheung, Eric,GBS, OBE, JP(Chairman)Dr. Yu Sun Say,GBM, JPMr. Alfred Donald Yap,JP RISK MANAGEMENT COMMITTEE Ms. Wong Yin Man, Ada(Chairperson)Dr. Chan Tsze Wah, GabrielMr. Hung Wing Shun, Edmund REMUNERATION COMMITTEE GBM Dr. Yu Sun Say,GBM, JP(Chairman)Mr. Alfred Donald Yap,JPDr. Chan Tsze Wah, Gabriel NOMINATION COMMITTEE Mr. Wong Chung Mat, Ben(Chairman)Mr. Alfred Donald Yap,JPMr. Lo Wai Ho, Ashley ADMINISTRATIVE COMMITTEE Mr. Wong Chung Mat, Ben(Chairman)Ms. Wong Yin Man, AdaDr. Chan Tsze Wah, GabrielMr. Hung Wing Shun, EdmundMr. Chan Wai Ming, Hermes COMPANY SECRETARY FCG (CSCGP)HKFCG (CS CGP) Ms. Ho Yuen Fan,FCG (CS, CGP), HKFCG (CS, CGP) AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered Public Interest Entity Auditor SOLICITORS Farrand Cooper, P.C. J.S. Gale & Co.Farrand Cooper, P.C. BANKERS The Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) LimitedStandard Chartered Bank (Hong Kong) Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL OFFICE 10817 17/F, C-Bons International CenterNo. 108 Wai Yip StreetKwun TongKowloonHong Kong PRINCIPAL SHARE REGISTRAR MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Standard Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong WEBSITE www.wih.com.hk www.wih.com.hk Chairman’s Statement FINAL FINANCIAL RESULTS 152,700,000112,400,000 The profit attributable to owners of Wong’s InternationalHoldingsLimited(the“Company”,andtogether withi t ss u b s i d i a r i e s ,t h e“ G ro u p ” )f o rt h e y e a r e n d e d31 December 2023 amounted to HK$152.7 million, ascompared to HK$112.4 million for the last financial year. E M S3 4 , 2 0 0 , 0 0 01 6 8 , 0 0 0 , 0 0 0117,100,00026,100,000 Thiswas mainly attributable to the profit from EMSDivisionincreased by HK$34.2 million and profit fromtheProperty Holding Division increased by HK$168.0million offsetting by the gains on deemed disposal of anassociate of HK$117.1 million recognised in 2022 andincrease in net finance cost by HK$26.1 million. 0 . 3 20.233,185,700,0003,466,700,000215,100,000241,200,000 Ear ningsper share for the year was HK$0.32 ascomparedto HK$0.23 for the last financial year.TheGroup’s revenue for the year ended 31 December 2023wasHK$3,185.7 million,as compared to HK$3,466.7million for the last financial year. Operating profit for theyear ended 31 December 2023 was HK$215.1 million,as compared to HK$241.2 million for the last financialyear. DIVIDENDS 0.030.020.030.045 TheCompany paid an interim dividend of HK$0.03(2022: HK$0.02) per share for 2023. The Directors nowrecommend the payment of a final dividend of HK$0.03(2022:HK$0.045)per share on Friday,28 June 2024tothe shareholders whose names appear on theRegisterof Members of the Company on Wednesday,12 June 2024. Payment of such proposed final dividendissubject to approval of the shareholders at theforthcoming annual general meeting (the “AGM”) of theCompany to be held on Wednesday, 5 June 2024. CLOSURE OF REGISTER OF MEMBERS FORTHE AGM 1617 Fordetermining the entitlement to attend and vote atthe AGM, the Register of Members of the Company willbe closed from Thursday, 30 May 2024 to Wednesday,5June 2024,both days inclusive.During this period,notransfer of shares will be effected.To be eligiblet oa t t e n d a n d v o t e a t t h e m e e t i n g ,a l l t r a n s f e r saccompaniedby the relevant share certificates mustbelodged with the Company’s Hong Kong branchshareregistrar,Tricor Standard Limited,at 17/F,FarEastFinance Centre,16 Harcourt Road,Hong Kongfor registration not later than 4:30 p.m. on Wednesday,29 May 2024. CLOSURE OF REGISTER OF MEMBERS FORPAYMENT OF DIVIDEND 1617 Fordetermining the entitlement to the proposed finaldividend, the Register o