中国海洋发展2023-2024年报

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGEOF HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM GEMhas been positioned as a market designed toaccommodatesmall and mid-sized companies to whichahigher investment risk may be attached than othercompanieslisted on the Stock Exchange.Prospectiveinvestors should be aware of the potential risks of investingin such companies and should make the decision to investonly after due and careful consideration. GEM Given that the companies listed on GEM are generally smallandmid-sized companies,there is a risk that securitiestraded on GEM may be more susceptible to high marketvolatility than securities traded on the Main Board of theStock Exchange and no assurance is given that there will bea liquid market in the securities traded on GEM. GEMGEMGEM HongKong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoeverarising from or in reliance upon the whole or any part of thecontents of this report. This report, for which the directors (the“Directors”) of ChinaOcean Group Development Limited (the “Company”) collectivelyand individually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing of Securitieson GEM of the Stock Exchange (the “GEM Listing Rules”) for thepurpose of giving information with regard to the Company. TheDirectors, having made all reasonable enquiries, confirm that tothe best of their knowledge and belief, the information containedin this report is accurate and complete in all material respects andnot misleading or deceptive, and there are no other matters theomission of which would make any statement herein or this reportmisleading. GEMGEM Contents 3Corporate Information6Chairman’s Statement9Management Discussion and Analysis14Biographies of Directors and Company Secretary19Report of the Directors33Corporate Governance Report45Independent Auditor’s Report52Consolidated Statement of Comprehensive Income54Consolidated Statement of Financial Position56Consolidated Statement of Changes in Equity58Consolidated Statement of Cash Flows60Notes to the Consolidated Financial Statements BOARD OF DIRECTORS Executive Directors Mr. Liu Rongsheng(Chairman)Mr. Cai Haiming(Co-Chairman and Co-Chief Executive Officer)(redesignated and appointed on 21 September 2023)Mr. Cai Haipeng(Co-Chief Executive Officer)(appointed on 9 September 2022)Mr. Fan GuochengMs. Wei Qing(resigned on 30 November 2023) Non-executive Directors Mr. Lui Chun PongMr. Chen Jianchang(appointed on 31 January 2024) Independent non-executive Directors Mr. Kam Hou Yin, JohnMr. Li CaoMr. Chen Shenxiu(appointed on 31 January 2024)Mr. Yang Ying(appointed on 31 January 2024)Mr. Liu Qiang(resigned on 31 January 2024) COMPANY SECRETARY Mr. Lam Chi Ming, Francis COMPLIANCE OFFICER Mr. Cai Haipeng(appointed on 30 November 2023)Ms. Wei Qing(resigned on 30 November 2023) AUTHORISED REPRESENTATIVES Mr. Cai Haipeng(appointed on 30 November 2023)Mr. Lam Chi Ming, FrancisMs. Wei Qing(resigned on 30 November 2023) Corporate Information (Continued) AUDIT COMMITTEE Mr. Kam Hou Yin, John(chairman)Mr. Li CaoMr. Chen Shenxiu(appointed on 31 January 2024)Mr. Yang Ying(appointed on 31 January 2024)Mr. Liu Qiang(resigned on 31 January 2024) REMUNERATION COMMITTEE Mr. Kam Hou Yin, John(chairman)Mr. Li CaoMr. Chen Shenxiu(appointed on 31 January 2024) NOMINATION COMMITTEE Mr. Liu Rongsheng(chairman)Mr. Li CaoMr. Kam Hou Yin, John AUDITOR Elite Partners CPA Limited LEGAL ADVISERWang & Co. PRINCIPAL BANKERBank of China (Hong Kong) Limited Corporate Information (Continued) REGISTERED OFFICE Clarendon House,2 Church Street,Hamilton HM 11,Bermuda Clarendon House,2 Church Street,Hamilton HM 11,Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Room 03, 22/F., China Resources Building,26 Harbour Road,Wanchai, Hong Kong 262203 PRINCIPAL PLACE OF BUSINESS IN CHINA 3005, West Wing,Greater China International Exchange Plaza,1 Fuhua 1st RoadFutian District, Shenzhen,Guangdong, China 3005 SHARE REGISTRARS AND TRANSFER OFFICES Principal registrar Conyers Corporate Services (Bermuda) LimitedClarendon House,2 Church Street,Hamilton HM 11,Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House,2 Church Street,Hamilton HM 11,Bermuda Branch registrar 1617 Tricor Tengis Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong WEBSITE www.chinaoceangroup.com.hk www.chinaoceangroup.com.hk 8047 STOCK CODE8047 Chairman’s Statement On behalf of the board of directors (the “Board”), I hereby presentthe Annual Report of the Company and its subsidiaries (together,the “Group”) for the year ended 31 March 2024 (the “Year”) toour shareholders. RESULTS The Revenue for the Group increased for the Year to approximatelyHK$398.2 million as compared to approx