绿景中国地产二零二三年年报

Contents Corporate Information2Chairman’s Statement5Management Discussion and Analysis9Biographical Details of Directors and Senior Management25Directors’ Report28Corporate Governance Report43Independent Auditor’s Report57Consolidated Statement of Profit or Loss64Consolidated Statement of Profit or Loss andOther Comprehensive Income65Consolidated Statement of Financial Position66Consolidated Statement of Changes in Equity68Consolidated Statement of Cash Flows69Notes to the Consolidated Financial Statements71Financial Summary197List of Principal Properties198 Corporate Information Directors Executive Directors Ms. HUANG Jingshu(Chairman and Chief Executive Officer)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Independent Non-Executive Directors Mr. WANG JingMs. HU Gin IngMr. MO Fan Executive Committee Ms. HUANG Jingshu(Chairman and Chief Executive Officer)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Audit Committee Ms. HU Gin Ing(Chairman)Mr. WANG JingMr. MO Fan Nomination Committee Ms. HUANG Jingshu(Chairman)Mr. WANG JingMr. MO Fan Remuneration Committee Ms. HU Gin Ing(Chairman)Ms. HUANG JingshuMr. MO Fan Authorised Representatives Ms. HUANG JingshuMr. CHAN Kin Man Company Secretary Mr. CHAN Kin Man Auditor • Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors Corporate Information Registered Office Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Head Office and Principal Place of Business inHong Kong 123NEO2501 Unit 2501, NEO123 Hoi Bun RoadKwun TongKowloon, Hong Kong PRC Offices 6011NEOA55518048 55/F, Tower A, NEO Building6011 Shennan Avenue, Futian DistrictShenzhen, PRCPostal Code: 518048 Legal Advisers (in alphabetical order) Appleby Hunter Bailhache Appleby Hunter BailhacheDeaconsGlobal Law Office Principal Bankers (in alphabetical order) Bank of China (Hong Kong) LimitedBank of Communications Co., LtdBank of Jiangsu Co. LtdBank of Shanghai Co., LimitedChina Construction Bank CorporationChina Everbright Bank Company LimitedChina Zhesang Bank Co., Ltd.CMB Wing Lung Bank LimitedHang Seng Bank LimitedHua Xia Bank Co., LimitedIndustrial and Commercial Bank of China LimitedIndustrial Bank Co.. LtdNanyang Commercial Bank Limited Principal Share Registrar and Transfer Office Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Corporate Information Branch Share Registrar and Transfer Office inHong Kong 1617 Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong Securities Code 952,000 StockHKEx: 95Board Lot: 2,000 shares www.lvgem-china.com Websitewww.lvgem-china.com Chairman’s Statement Dear Shareholders, On behalf of the board of directors (the “Directors” or the “Board”) of LVGEM(China) Real Estate Investment Company Limited (the “Company” or “LVGEM(China)”), I would like to report to all shareholders of the Company theconsolidated business performance of the Company and its subsidiaries(collectively known as the “Group”) for the year ended 31 December 2023. 126 The year 2023 marked the beginning of the full implementation of the spirit ofthe 20th National Congress of the Communist Party of China (CPC), as well asthe year of economic recovery and development after three years of preventionand control of the COVID-19 pandemic. The world economy recovered weakly,global trade and investment slowed down, and geopolitical risks continuedto rise. In the face of the complex internal and external macro environment,the Party Central Committee and the State Council overcame the difficultiesand strengthened macro-controls, which contributed to the stabilization andrecovery of China’s economy. The economy moved on like a vessel bravingthe winds and waves. After all, China achieved a breakthrough in annual grossdomestic product (“GDP”) exceeding RMB126 trillion, showing an upwardcurve of turnaround out of the consistent stress. Making her solid strides tocomprehensively build a modern socialist country, China has become animportant driver of global economic growth. 7 During the year under review, the supply and demand in the real estateindustry had significant changes with sluggish overall performance. Thescale of commodity residential transactions in 100 cities across the countryfurther shrank at a low level. The industry is at the stage of bottoming outand stabilizing with marginal improvement. Recovery in market confidenceand home buying expectations is underway. To address the new problemsin the real estate industry, the Central Government has frequently optimizedthe property market policies to promote stable operation of the real estatemarket. In July, the meeting of the Political Bureau emphasized that “the realestate industry has undergone significant cha