意力国际2023 年报

Annual Report2023 PageCorporate Information2Chairman’s Statement4Management Discussion and Analysis8Profile of Directors and Senior Management22Corporate Governance Report26Directors’ Report45Independent Auditor’s Report62Financial StatementsConsolidated Statement of Profit or Loss and Other Comprehensive Income79Consolidated Statement of Financial Position82Consolidated Statement of Changes in Equity84Consolidated Statement of Cash Flows86Notes to the Consolidated Financial Statements89Financial Summary287 CORPORATIONINFORMATION Kitchell Osman Bin BOARD OF DIRECTORS Executive DirectorsMr. Kitchell Osman Bin(Chairman)Ms. Choi Ka WingMr. Shimazaki Koji Independent Non-executive Directors Mr. Chan Hak KanMs. Liu JianyiMr. Miu Frank H. BOARD COMMITTEESAudit CommitteeMr. Miu Frank H.(Chairman)Mr. Chan Hak KanMs. Liu Jianyi Nomination Committee Ms. Liu Jianyi(Chairman)Mr. Chan Hak KanMr. Miu Frank H. Remuneration Committee Ms. Liu Jianyi(Chairman)Mr. Chan Hak KanMr. Miu Frank H. COMPANY SECRETARYMs. Liu Tsui Fong Clarendon House2 Church StreetHamilton HM11Bermuda REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 28222205-09 Room 2205-09, 22nd FloorChina United Centre28 Marble RoadNorth Point, Hong Kong CORPORATIONINFORMATION AUDITOR Crowe (HK) CPA LimitedCertified Public Accountants PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedChong Hing Bank LimitedHang Seng Bank Limited 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 BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 585 The Stock Exchange of Hong Kong Limited: 585 www.imagi.hk WEBSITEwww.imagi.hk CONTACT INFORMATION 28222205-09(852) 3679 3988(852) 3679 3188investor@imagi.hk Address:Room 2205-09, 22nd FloorChina United Centre28 Marble RoadNorth Point, Hong KongTelephone:(852) 3679 3988Fax:(852) 3679 3188Email:investor@imagi.hk CHAIRMAN’SSTATEMENT Dear Shareholders, Onbehalf of the board(the“Board”)of director(s)(the“Director(s)”) of Imagi International Holdings Limited (the“Company”, together with its subsidiaries as the “Group”),I would like to present the annual report of the Companyfor the year ended 31 December 2023 (the “Year underReview”)to the shareholder(s)of the Company(the“Shareholder(s)”). BUSINESS REVIEW 49,000,00017%13,000,000 The past year had been challenging for the Company. In2023, the Hong Kong and China equity markets were theworst performing major market of the world as a result ofthe damaging effect of a plummeting property market inChina with its rippling effects on China financial markets,the net worth of the population which, in turn depressedconsumers’ consumption appetite. During that period, theHongKong and China financial markets were alsodetrimentallyaffected by the remnants of the world’sinflation, high interest rates and energy prices, all of whichare resistant to turnaround. All these combined to adverselyaffected Hong Kong, China and the world business andeconomy. As aforementioned, China’s property market wasseverely impacted by the China regulatory authorities’ severecurtailmentin credits to the over-leveraged propertycompanies. As one of the Company’s principal business isfinancial service, the operating business of the Companyandits investment portfolio for the Year under Reviewsuffered as a result of the combined aforementioned adversefactors.For 2023,the Group recorded a revenue ofapproximately HK$49 million which represents a decreaseof17%as compared to financial year of 2022 whileimpairment allowances on margin loans receivable and loansreceivable for 2023 increased in line with the deterioratingmarket environment and expectation. All the above combinedto adversely affect the Company’s results which ended witha net loss attributable to the shareholder of the Companyof approximately HK$13 million for the Year under Review. CHAIRMAN’SSTATEMENT In view of the continuing poor economic and depressedfinancial market conditions and resulting uncertainties, theGroup will continue to take a cautious stance in its businessdevelopment by mainly consolidating its existing businessand forego rapid expansion. For the Year under Review, theCompanycontinued to focus its attention and devoteresourcesin developing its core business being theintegrated financial services business with stable return and,looking forward into 2024, will continue to do so. PROSPECTS With China regulatory authorities beginning to ease theirclampdowns and starting to loosen its credit policies, it isexpectedthat the China property market will begin tostabilise. This will in turn filter through the general economyin China and Hong Kong. General