中国生命集团二零二三年年报

GEMCHARACTERISTICS OF GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM GEMhas been positioned as a market designed toaccommodate small and mid-sized companies to whicha higher investment risk may be attached than othercompanieslisted on the Stock Exchange.Prospectiveinvestorsshould be aware of the potential risksofinvesting in such companies and should makethedecision to invest only after due and carefulconsideration. GEMGEMGEM Given that the companies listed on GEM are generallysmalland mid-sized companies,there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be aliquid market in the securities traded on GEM. Hong Kong 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 disclaim any liability whatsoever for any losshowsoever arising from or in reliance upon the whole or anypart of the contents of this report. GEMGEM Thisreport,for which the directors(the“Directors”)ofSino -Life Group Limited(the“Company”)collectively andindividually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing of Securitieson GEM of the Stock Exchange (the “GEM Listing Rules”) forthe purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirmthat, to the best of their knowledge and belief the informationcontained in this report is accurate and complete in all materialrespects and not misleading; and there are no other mattersthe omission of which would make any statement herein or inthis report misleading. Contents Corporate Information3Chairman’s Statement5Management Discussion and Analysis7Corporate Governance Report27Biographical Details of the Directors and Senior Management57Directors’ Report60Independent Auditor’s Report85Consolidated Statement of Profit or Loss andOther Comprehensive Income96Consolidated Statement of Financial Position98Consolidated Statement of Changes in Equity100Consolidated Statement of Cash Flows101Notes to the Consolidated Financial Statements104Five Years Financial Summary272 Corporate Information Corporate information of the Company as at the date of thisreport is as follows: BOARD OF DIRECTORS Executive Directors Mr. Xu Jianchun(Chairman)Mr. Liu Tien-Tsai(Chief executive officer)Dr. Xu Qiang (Resigned on 31 August 2023) Independent non-executive Directors Mr. Chai Chung WaiMr. Sun Fei (Resigned on 3 April 2023)Dr. Yang JingjingMs. Hu Zhaohui (Appointed on 7 June 2023) COMPANY SECRETARY CPA, FCCA, ACG, ACMA Mr. Chu Kin MingCPA, FCCA, ACG, ACMA AUTHORISED REPRESENTATIVES CPA, FCCA, ACG, ACMA Mr. Liu Tien-TsaiMr. Chu Kin MingCPA, FCCA, ACG, ACMA COMPLIANCE OFFICER Mr. Liu Tien-Tsai AUDIT COMMITTEE ( Mr. Sun Fei (Resigned on 3 April 2023)Mr. Chai Chung Wai (Appointed as chairman on 3 April 2023) Dr. Yang JingjingMs. Hu Zhaohui (Appointed on 7 June 2023) REMUNERATION COMMITTEE Mr. Chai Chung Wai (Retired as chairman on 7 June 2023) Mr. Sun Fei (Resigned on 3 April 2023)Dr. Yang JingjingMs. Hu Zhaohui(Appointed as chairman and member on 7 June 2023) NOMINATION COMMITTEE Dr. Yang Jingjing(Chairman)Mr. Chai Chung WaiMr. Sun Fei (Resigned on 3 April 2023)Ms. Hu Zhaohui (Appointed on 7 June 2023) Corporate Information AUDITOR Crowe (HK) CPA LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor PRINCIPAL BANKERS Bank SinoPacFirst Commercial BankThe Hongkong and Shanghai Banking Corporation LimitedChina Merchants Bank REGISTERED OFFICE The Grand Pavilion Commercial CentreOleander Way802 West Bay RoadP.O. Box 32052Grand Cayman KY1-1208Cayman Islands The Grand Pavilion Commercial CentreOleander Way802 West Bay RoadP.O. Box 32052Grand Cayman KY1-1208Cayman Islands REGISTERED OFFICE IN HONG KONG 77Ovest 18 18/F, Ovest77 Wing Lok StreetSheung WanHong Kong S H A R ER E G I S T R A R S A N D T R A N S F E ROFFICES Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Principal share registrar and transfer officeSuntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Hong Kong branch share registrar andtransfer office Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 STOCK CODE 8296 8296 WEBSITE www.sinolifegroup.com www.sinolifegroup.com Chairman’s Statement During the year ended 31 December 2023 (the “Year”), theworld economy has experienced a slowdown, with complexandevolving international landscape,frequent geopoliticalconflicts, and increased complexity, severity and uncertaintyof the external environment. China faced problems such asinsufficient