信铭生命科技年报 2023/24

Contents 2Corporate Information4Director’s Statement5Management Discussion and Analysis30Biographical Details of Directors and Senior Management33Corporate Governance Report52Report of Directors71Independent Auditor’s Report78Consolidated Statement of Profit or Loss and OtherComprehensive Income 80Consolidated Statement of Financial Position83Consolidated Statement of Changes in Equity85Consolidated Statement of Cash Flows88Notes to the Consolidated Financial Statements228Financial Summary CORPORATE INFORMATION EXECUTIVE DIRECTORS Dr. Zhiliang Ou,J.P. (Australia)Mr. Fok Chi TakMr. Xu Haiying (resigned on 23 February 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Chan Ming Sun JonathanMr. Lam Kwan SingMr. Mak Yiu Tong AUDIT COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman of Committee)Mr. Lam Kwan SingMr. Mak Yiu Tong EXECUTIVE COMMITTEE Mr. Xu Haiying (resigned on 23 February 2024)Dr. Zhiliang Ou,J.P. (Australia)Mr. Fok Chi Tak REMUNERATION COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman of Committee)Dr. Zhiliang Ou,J.P. (Australia)Mr. Lam Kwan Sing NOMINATION COMMITTEE Mr. Mak Yiu Tong(Chairman of Committee)Dr. Zhiliang Ou,J.P. (Australia)Mr. Chan Ming Sun JonathanMr. Lam Kwan Sing AUTHORIZED REPRESENTATIVES Mr. Fok Chi TakDr. Zhiliang Ou,J.P. (Australia) COMPANY SECRETARY Mr. Siu Chun Pong Raymond LEGAL ADVISER Raymond Siu & Lawyers CORPORATE INFORMATION AUDITOR Moore CPA Limited(appointed on 27 March 2024)ZHONGHUI ANDA CPA LimitedCertified Public Accountants(resigned on 27 March 2024) PRINCIPAL BANKERS Shanghai Commercial Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedNanyang Commercial Bank, Ltd.Bank of China (Hong Kong) LimitedThe Bank of East Asia Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN CAYMAN ISLANDS Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFER OFFICEIN HONG KONG 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road East, Wan ChaiHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 6–8252501–2509 Rooms 2501–2509, 25/FShui On Centre6–8 Harbour Road, WanchaiHong Kong WEBSITE www.acesogrouphk.com www.acesogrouphk.com DIRECTOR’S STATEMENT The board (the “Board”) of directors (the “Directors”) of Aceso Life Science GroupLimited (the “Company”) is pleased to present the shareholders of the Company(the “Shareholders”) the annual results of the Company and its subsidiaries (the“Group”) for the year ended 31 March 2024 (the “Year”). During the Year, the global economy still faced many challenges, including theongoing Russian-Ukraine war, geopolitical tensions, high global inflation andinterest rate, which also had certain impact on global economic activities. Amongthis complicated external environment, the Group has adopted a sound financialpolicy, and actively explored new development opportunities. We expected the market conditions of 2024 to be similar to last year. Althoughthe global and local economic and business environment are still affected byvarious uncertainties, the Group will continue to create value for shareholdersand seize opportunities, continue to optimize its business portfolio, and get readyfor new investment opportunities. For of the existing construction machinery business, the Group recorded adecrease in the (i) sales of construction machinery and spare parts which wasmainly attributable to the decrease in demand of brand new cranes manufacturedin Japan, and (ii) rental income generated from construction machinery whichwas mainly attributable to some major construction sites (e.g. Hong KongInternational Airport 3rdrunway and Tseung Kwan O – Lam Tin Tunnel) havingbeen completed. The occupancy rate for the rental machineries was approximately85%. (i)(ii)85% For the financial services business, we shall continue our business expansionwith a cautious and positive attitude. The Group is confident in the prospects ofthe financial markets in Hong Kong and the Mainland China, and would like toincrease its presence in the financial markets by either organic growth or workingwith reputable partners. For our investment property in the United Kingdom (the “UK”), 55 Mark Lane,the rental income was steady through the Year. The Group does not foreseesignificant fluctuation in rental income in 2024. 55 Mark Lane Finally, on behalf of the Board, I would like to express my sincere gratitudeto all the Shareholders for their full support, and appreciate the directors, themanagement and the staff for their valuable contributions