上置集团二零二三年年报

Contents Corporate Information2Introduction of the Group6Financial Summary7Chairman’s Statement8Management Discussion and Analysis17Environmental, Social and Governance Report27Directors and Senior Management60Report of the Directors71Corporate Governance Report85Independent Auditor’s Report107Consolidated Financial Statements•Consolidated Statement of Profit or Loss and OtherComprehensive Income113•Consolidated Statement of Financial Position115•Consolidated Statement of Changes in Equity117•Consolidated Statement of Cash Flows118•Notes to the Consolidated Financial Statements120 Corporate Information Board of Directors Executive Directors 20248 320237 1120248 320237 11 Mr. Xu Ming(Chairman) (served as Chairman on 3 August 2024)Mr. Qin Guohui(Chairman) (appointed on 11 July 2023and ceased to act as Chairman on 3 August 2024)Mr. Hong Zhihua(Chairman) (resigned on 11 July 2023)Mr. Kong Yong(Acting Chief Executive Officer)Mr. Jiang Qi Non-Executive Directors Mr. Lu JianhuaMr. Pan Pan Independent Non-Executive Directors Mr. Zhuo FuminMr. Ma LishanMr. Chui Man Lung, Everett Audit Committee Mr. Chui Man Lung, Everett(Chairman)Mr. Zhuo FuminMr. Ma Lishan Remuneration Committee Mr. Ma Lishan(Chairman)Mr. Zhuo FuminMr. Chui Man Lung, Everett Nomination Committee 20248 320237 1120248 320237 11 Mr. Xu Ming(Chairman) (served as Chairman on 3 August 2024)Mr. Qin Guohui(Chairman) (appointed on 11 July 2023and ceased to act as Chairman on 3 August 2024)Mr. Hong Zhihua(Chairman) (resigned on 11 July 2023)Mr. Zhuo FuminMr. Ma Lishan Investment Committee 20248 320237 1120248 320237 11 Mr. Xu Ming(Chairman) (served as Chairman on 3 August 2024)Mr. Qin Guohui(Chairman) (appointed on 11 July 2023and ceased to act as Chairman on 3 August 2024)Mr. Hong Zhihua(Chairman) (resigned on 11 July 2023)Mr. Kong YongMr. Lu JianhuaMr. Ma Lishan Authorised Representatives 20248 2920237 1120248 2920237 11 Mr. Xu Ming (appointed on 29 August 2024)Mr. Qin Guohui (appointed on 11 July 2023 and ceased to actas the Authorised Representative on 29 August 2024)Mr. Hong Zhihua (resigned on 11 July 2023)Mr. Kong Yong Company Secretary Mr. Chu Hoe Tin Principal Place of Business in Hong Kong 18282806A Suite 2806A, 28/F.Central Plaza, 18 Harbour Road, WanchaiHong Kong Corporate Information Registered Office Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda Principal Share Registrar and Transfer Office MUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08Bermuda MUFG Fund Services (Bermuda) LimitedThe Belvedere Building69 Pitts Bay RoadPembroke HM08Bermuda Hong Kong Branch Share Registrar and Transfer Office 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Hong Kong Legal Adviser 1333304–3309 Tian Yuan Law Firm LLPSuites 3304–330933/F, Jardine HouseOne Connaught PlaceCentral, Hong Kong Auditor SHINEWING (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor Principal Bankers Agricultural Bank of ChinaChina CITIC Bank International Limited Industrial and Commercial Bank of ChinaAgricultural Bank of ChinaChina Construction BankShanghai Pudong Development BankXiamen International BankChina Merchants Bank Stock Code 1207 1207 www.sre.com.cn Internet Web Site www.sre.com.cn general@sregroup.com.hk E-mail general@sregroup.com.hk Introduction of the Group 19931999HK•120730 SRE Group Limited (the “Company”) and its subsidiaries (the “Group”)are an integrated real estate developer. The Company was founded in 1993and was listed on the Hong Kong Stock Exchange in 1999 (HK•1207).Over more than three decades, the Group has expanded its business tomore than 10 key cities in the PRC, including Beijing, Shanghai, Shenyang,Dalian, Chengdu, Changsha, Jiaxing, Wuxi, Haikou and Zhangjiakou, andhas successfully developed many high-end residential buildings, commercialcomplexes and starred hotels, and the Group has also leveraged its owncorporate advantages and industrial resource integration capabilities tocreate a unique town with composite functions in Shanghai. The Groupactively explored overseas markets and made presence in London, SanFrancisco, Sydney, Phnom Penh and other cities. As an enterprise that started with the traditional real estate developmentbusiness, the Group has created brands of high-end quality projects,including Rich Gate, Albany and Oasis. In the future, the Group willcontinue to give full play to its own advantages, integrate industrial resources,take “urban renewal, boutique property development, commercial propertyinvestment and management” as its development goal, broaden businesstracks, implement the concept of integration between city operation andindustry operation, develop with the times, keep pace with the market, createinnovative business growth points, and strive to seek new breakthroughs inthe Group’s development with the goal of