璋利国际年报 2024

璋利國際控股有限公司 (Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司）(Stock code 股份代號 : 1693) 2Corporate Information4Corporate Structure5Chairman’s Statement7Management Discussion and Analysis16Directors and Senior Management20Environmental, Social and Governance Report39Corporate Governance Report61Directors’ Report83Independent Auditors’ Report90Consolidated Statement of Profit or Loss and Other Comprehensive Income91Consolidated Statement of Financial Position93Consolidated Statement of Changes in Equity94Consolidated Statement of Cash Flows97Notes to the Consolidated Financial Statements200Five-Year Financial Summary Contents Corporate Information BOARD OF DIRECTORSExecutive DirectorDato’ Teh Kok Lee(Chief Executive Officer) Kamalul Arifin Bin Othman Independent Non-Executive Directors Datuk Kamalul Arifin Bin Othman(Chairman)Mr. Kua Choh LeangDatuk Kang Hua Keong Kamalul Arifin Bin Othman Audit Committee Mr. Kua Choh Leang(Chairman)Datuk Kamalul Arifin Bin OthmanDatuk Kang Hua Keong Kamalul Arifin Bin Othman Remuneration CommitteeDatuk Kamalul Arifin Bin Othman(Chairman)Mr. Kua Choh LeangDatuk Kang Hua Keong Kamalul Arifin Bin Othman Nomination Committee Mr. Kua Choh Leang(Chairman)Dato’ Teh Kok LeeDatuk Kamalul Arifin Bin OthmanDatuk Kang Hua Keong Kamalul Arifin Bin Othman Risk Committee Datuk Kang Hua Keong(Chairman)Dato’ Teh Kok LeeMr. Kua Choh LeangDatuk Kamalul Arifin Bin Othman Headquarters and Principal Place of Business inMalaysia A-3A-02, Block A, Level 3ASky Park One City, Jalan USJ 25/147650 Subang JayaSelangor Darul EhsanMalaysia A-3A-02, Block A, Level 3ASky Park One City, Jalan USJ 25/147650 Subang JayaSelangor Darul EhsanMalaysia Principal Place of Business in Hong Kong 89242413A Unit 2413A, 24/FLippo Centre, Tower One89 Queensway, AdmiraltyHong Kong Corporate Information Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Registered OfficeOcorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 1693 Stock Code1693 4,000 Board Lot4,000 shares www.bgmc.asia Company’s Websitewww.bgmc.asia Company SecretaryMr. Chen Kun (Solicitor of HKSAR) Authorised RepresentativesDato’ Teh Kok LeeMr. Chen Kun Principal Share Registrar and Transfer Office in theCayman IslandsOcorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 148212103B Hong Kong Branch Share RegistrarBoardroom Share Registrars (HK) LimitedRoom 2103B, 21/F148 Electric RoadNorth PointHong Kong 301801-806 Independent AuditorMoore CPA LimitedRegistered Public Interest Entity Auditor801-806 Silvercord, Tower 130 Canton RoadTsim Sha Tsui, KowloonHong Kong 323 Principal BankerUnited Overseas Bank Limited23/F, 3 Garden RoadCentralHong Kong Corporate Structure As at 31 March 202420243 31 Chairman’s Statement 2024 As we step into 2024, I am honored to be the Chairman of BGMC InternationalLimited. This year marks a pivotal moment for both the Company and theMalaysian construction industry, characterized by innovation, sustainability, andresilience. Our collective commitment to these principles will define our pathforward and drive our success. Malaysia’s Economy Bank Negara Malaysia announced that the Malaysian economy expanded by4.2% in the 1stquarter of 2024, up from 2.9% in the 4thquarter of 2023, fuelled byincreased private spending and a positive shift in exports. This demonstrates thecountry’s notable resilience and growth amidst global uncertainties. Anticipatinga gross domestic product (“GDP”) growth rate of 4.5% for 2024, Malaysia issteadily recovering from the COVID-19 pandemic’s effects. The primary factorscontributing to this growth are strong domestic demand, impressive exportperformance, and substantial investments in infrastructure and technology. 20244.2%20232.9%2024GDP4.5%2019 2021-2025 The government’s strategic efforts, including the Twelfth Malaysia Plan (2021-2025), focus on sustainable development, economic diversification, andtechnological innovation. These initiatives provide a strong foundation forthe construction industry to thrive and contribute significantly to the nation’seconomic progress. Industry Overview 20244.4%202520285.7% The Malaysian construction industry is projected to grow by 4.4% in realterms in 2024, supported by rising foreign and domestic investments and theadvancement of numerous infrastructure and energy projects. Continued growthwill be driven by strong domestic demand, alongside improvements in inflation,unemployment rates, and income levels. To jumpstart the recovery of theconstruction industry, the economy will need several mega projects, which willsubsequently create multiplier effects throughout the economy. The constructionindustry is expected to record an