国际资源二零二三年年报

CORPORATE PHILOSOPHY OUR VALUES GREATGREAT We strive to be a GREAT company in all of our operationsand dealings with people. The GREAT values arethe foundation of our Company, and provide a corecommitment to achieve the best we can for all ofG-Resources’ stakeholders. GREAT GREAT VALUES GROWTHRESPECTEXCELLENCEACTIONTRANSPARENCY GROWTHin value for all our stakeholdersRESPECTfor our people, our communities andfor all stakeholdersEXCELLENCEin everything we doACTIONto deliver on our commitmentsTRANSPARENCYopenness, honesty andgood governance G-Resources is a company listed on the Hong Kong StockExchange focusing on financial services business, principalinvestment business, money lending business and real propertybusiness (HKEx: 1051).1051 CONTENTS FINANCIAL STATEMENTS CORPORATE INFORMATION Independent Auditor’s Report75Consolidated Statement of Profit or Loss83Consolidated Statement of Profit or Lossand Other Comprehensive Income84Consolidated Statement of FinancialPosition85Consolidated Statement of Changes inEquity87Consolidated Statement of Cash Flows88Notes to the Consolidated FinancialStatements91Five-Year Financial Summary196 Corporate Information2 BUSINESS REVIEW Chairperson’s Statement4Company Overview7Biographical Details of Directors andSenior Management8Management Discussion and Analysis11 CORPORATE GOVERNANCE Directors’ Report28Corporate Governance Report42 CORPORATE INFORMATION CORPORATE INFORMATION BOARD OF DIRECTORSNon-Executive DirectorMs. Li Zhongye, Cindy,Chairperson Executive Directors Mr. Leung Oi KinMr. Leung Wai Yiu, Malcoln Independent Non-Executive Directors Mr. Lo Wa Kei, RoyMr. Chen GongMr. Martin Que Meideng EXECUTIVE COMMITTEE Mr. Leung Oi KinMr. Leung Wai Yiu, Malcoln AUDIT COMMITTEE Mr. Lo Wa Kei, Roy,ChairmanMr. Chen GongMr. Martin Que Meideng REMUNERATION COMMITTEE Mr. Lo Wa Kei, Roy,ChairmanMr. Chen GongMr. Martin Que Meideng NOMINATION COMMITTEE Ms. Li Zhongye, Cindy,ChairpersonMr. Chen GongMr. Martin Que Meideng COMPANY SECRETARYMr. Leung Oi Kin AUDITOR Moore CPA Limited(formerly known as Moore Stephens CPA Limited)Registered Public Interest Entity Auditors LEGAL ADVISORS Ocorian Law (Bermuda) Limited Hong Kong:Raymond Siu & LawyersBermuda:Ocorian Law (Bermuda) Limited PRINCIPAL BANKERS Industrial and Commercial Bank of China (Asia) LimitedShanghai Pudong Development Bank Co., Ltd.Bank of China (Hong Kong) LimitedHang Seng Bank LimitedCitibank, N.A. SHARE REGISTRARS Hong Kong 3382333301–04 Union Registrars LimitedSuites 3301–04, 33/F.Two Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong Bermuda MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House, 41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House, 41 Cedar AvenueHamilton HM 12Bermuda REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 151181801 Room 1801, 18/FCapital CentreNo. 151 Gloucester RoadWanchai, Hong Kong www.g-resources.com WEBSITE www.g-resources.com BUSINESS REVIEW CHAIRPERSON’S STATEMENT Dear Shareholders, COVID-19 Onbehalf of the board(the“Board”)of directors(the“Director(s)”) of G-Resources Group Limited (the “Company”or“G - Resources”)and its subsidiaries(collectively the“Group”),I hereby present to our shareholders the annualresultsof the Group for the year ended 31 December2023(the“Year”).In 2023,the economy continued to bedampened by the lingering effects of the COVID-19 pandemic,geopoliticallandscapes and trade tensions.Despite facingeconomicchallenges and persistent global uncertainties,G - R e s o u rc e sc o n t i n u e d t o m a i n t a i n s t a b l e b u s i n e s sdevelopment and strive to strengthen our market position toexpand our business in the long term. During 2023, the Group continued to focus on our three mainbusinesses,namely financial services business,principalinvestment business and real property business. For our financial services business, the Group was pleasedtorecord a net profit during the Year.2023 has been ademandingYear for the financial services industry in HongKong as we continued to face various challenges both globallyandregionally.Globally,there were ongoing geopoliticali s s u e s ,t ig hte n i n g m o n e t a r y p o li ci e s ,a n d e s c a l at i n gtradetensions between major economies,particularly thecontinuationof the Sino-United States disputes which ledtoincreased volatility and lower investor sentiment.As aresult, the Hong Kong securities market remained in a toughsituation. Despite efforts to reopen the border between HongKong and mainland China, signs of recovery remained slow,andthe initial public offering(the“IPO”)market in HongKong continued to be sluggish in 2023. Many expected IPOsin the pipeline were further delayed to 2024 or later. Amidstsuch adverse market conditions, with great effor