京西国际年报 2023

CONTENTS Corporate InformationBiographical Details of Directors and Senior ManagementGroup StructureChairman’s StatementManagement Discussion and AnalysisCorporate Governance ReportEnvironmental, Social and Governance ReportReport of the DirectorsIndependent Auditor’s Report Audited Financial StatementsConsolidated Statement of Profit or Loss129Consolidated Statement of Comprehensive Income130Consolidated Statement of Financial Position131Consolidated Statement of Changes in Equity133Consolidated Statement of Cash Flows135Notes to Consolidated Financial Statements137 Five-Year Financial Summary240 CORPORATE INFORMATION BOARD OF DIRECTORS Dong Xiaojie(Chairman)Chang Ket Leong(Executive Director)Zheng Jianwei(Executive Director)Tam King Ching, Kenny(Independent Non-executive Director)Chan Pat Lam(Independent Non-executive Director)Wong Foreky(appointed on 18 March 2024)(Independent Non-executive Director) EXECUTIVE COMMITTEE Dong Xiaojie(Chairman)Chang Ket LeongZheng Jianwei AUDIT COMMITTEE Tam King Ching, Kenny(Chairman)Chan Pat LamWong Foreky NOMINATION COMMITTEE Dong Xiaojie(Chairman)Tam King Ching, KennyChan Pat LamWong Foreky REMUNERATION COMMITTEE Wong Foreky(Chairman)Dong XiaojieTam King Ching, KennyChan Pat Lam CORPORATE INFORMATION(continued) COMPANY SECRETARYLeung Wai Hung AUDITORPricewaterhouseCoopers 1617 SHARE REGISTRARTricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1–1111, Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1–1111, Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 39101005–06 Rooms 1005-06, 10th FloorHarcourt House39 Gloucester RoadWanchai, Hong Kong 2339 STOCK CODE2339 www.bwi-intl.com.hk WEBSITEwww.bwi-intl.com.hk BIOGRAPHICAL DETAILS OFDIRECTORS AND SENIORMANAGEMENT DIRECTOR XV Mr. Dong Xiaojie, aged 61, graduated from the Hebei NormalUniversity, majoring in mathematics in 1984. Mr. Dong wasappointed as an Executive Director of the Company and theChairman of the board of directors of the Company (the “Board”) inSeptember 2022. He is also the chairman of each of the ExecutiveCommittee and the Nomination Committee of the Company, as wellas a member of the Remuneration Committee of the Company. Mr.Dong was the chairman of Hebei Shengyuan Asset ManagementConsulting Co., Ltd.* () for theperiod from April 2005 to October 2010. Moreover, he was thechairman of Beijing Old Street Shengyuan Venture CapitalManagement Co., Ltd.* () forthe period from April 2010 to September 2014. For the period fromFebruary 2015 to August 2016, Mr. Dong was a director of RobynHode Capital Limited. He is a director and the president ofZhangjiakou Financial Holding Group Co., Ltd.* () (“Zhangjiakou Holding”) since July 2016. He is also thechairman of BeijingWest Smart Mobility Zhangjiakou AutomotiveE l e c t r o n i c s C o . , L t d . * ()(“BWSM”) since July 2022; and the chairman of BeijingWestIndustries Co., Ltd.* () (“BWI”) fromSeptember 2022 to September 2023. He is still a director of BWI atpresent. He is also a director of BWI Company Limited (“BWI HK”) (awholly-owned subsidiary of BWI) since March 2023. Each ofZhangjiakou Holding, BWSM, BWI and BWI HK is a substantialshareholder of the Company within the meaning of Part XV of theSecurities and Futures Ordinance (the “SFO”). He has beenappointed as an independent non-executive director and thechairman of the remuneration committee of Orient Victory SmartUrban Services Holding Limited, a Hong Kong listed company sinceSeptember 2014. A service agreement was entered into between Mr. Dong and theCompany for a term of three years commencing on 1 January 2024.Under the service agreement, Mr. Dong is entitled to a salary anddiscretionary bonus as may be determined by the Board or itsdelegated committee(s) from time to time. Mr. Dong declined anysalary from the Group voluntarily since the date of his appointmentas a Director of the Company. BIOGRAPHICAL DETAILS OFDIRECTORS AND SENIORMANAGEMENT(continued) ()(Autoliv Inc.)()()()XV Mr. Chang Ket Leong, aged 60, graduated from the Faculty ofMechanical Engineering of Universiti Teknologi Malaysia with aBachelor’s degree in Mechanical Engineering (Aeronautics). He alsoholds a Master’s degree in Business Administration from Heriot-Watt University. Mr. Chang was appointed as an Executive Directorof the Company in July 2023 and is a member of the ExecutiveCommittee. From October 1997 to June 2016, he worked withAutoliv Inc., the largest supplier of automotive safety systems inthe world. At Autoliv Inc., Mr. Chang first served as Asia-PacificRegional Procurement Manager, and was later promoted to Presidentof China Region, President of Asia Region, and Global Presidentof its Passive Suspension System Division. He worked with BWI(Shanghai) Co. Ltd. as General Manager from February 2020 to June2023. Mr. Chang has also served as the Chief Executive Of