源宇宙教育年报2024

Contents CORPORATE INFORMATION2MANAGEMENT DISCUSSION AND ANALYSIS4PROFILES OF DIRECTORS AND SENIOR MANAGEMENT21REPORT OF THE DIRECTORS23CORPORATE GOVERNANCE REPORT41ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT57INDEPENDENT AUDITOR’S REPORT94CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME107CONSOLIDATED STATEMENT OF FINANCIAL POSITION109CONSOLIDATED STATEMENT OF CHANGES IN EQUITY111CONSOLIDATED STATEMENT OF CASH FLOWS113NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS116FIVE-YEAR FINANCIAL SUMMARY244 Corporate Information EXECUTIVE DIRECTORS Yip Kai PongLi Ming Him INDEPENDENT NON-EXECUTIVE DIRECTORS Yuen Chun FaiHong Ka KeiLeung Sze Ki COMPANY SECRETARYTang Chi Kong AUDIT COMMITTEE Leung Sze Ki(Chairman)Yuen Chun FaiHong Ka Kei REMUNERATION COMMITTEE Leung Sze Ki(Chairman)Hong Ka KeiLi Ming Him NOMINATION COMMITTEE Hong Ka Kei(Chairman)Leung Sze KiLi Ming Him AUTHORISED REPRESENTATIVES Yip Kai PongTang Chi Kong AUDITORS Baker Tilly Hong Kong LimitedCertified Public Accountants REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 182171708 Unit 1708, 17/FTower II, Admiralty CentreNo. 18 Harcourt RoadHong Kong PRINCIPAL BANKERSBank of China (Hong Kong) Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.bdveduii.com COMPANY WEBSITEwww.bdveduii.com 1082 STOCK CODE1082 Management Discussion and Analysis (i)(ii)STEAMVR(iii) Bradaverse Education (Int’l) Investments Group Limited (“Company”)and its subsidiaries (together with the Company, collectively the“Group”) principally engages in the provision of (i) private educationalservices; (ii) Science, Technology, Engineering, Art and Math(“STEAM”) education, Virtual Reality (“VR”) and digital entertainmentsales and services; and (iii) investment in securities. The Group alsooffers money lending service to further utilize the cash flow generatedfrom our business. For the year ended 30 June 2024 (“Year”), the Group recordedrevenue of approximately HK$122.32 million (2023: approximatelyHK$117.61 million), representing an increase of approximately4.00% as compared to the last financial year. Loss attributable toowners of the Company for the Year amounted to approximatelyHK$27.56 million (2023: loss of approximately HK$28.54 million),such loss was mainly due to a significant loss on change in fair valueof financial assets at fair value through profit or loss of approximatelyHK$17.41 million (2023: approximately HK$13.98 million) primarilyas a result of the fair value loss on both listed securities and privateinvestments with reference to the bearish sentiment in Hong Kongand global stock market. 20246 30122,320,0002023117,610,0004.00%27,560,000202328,540,00017,410,000202313,980,000 BUSINESS REVIEW (i) (i)Provision of Private Educational Services 30,520,000202327,130,000 Our provision of private educational services business includeprimary tutoring services, skill course and test preparationcourses, secondary tutoring services and English languagetraining and test preparation courses. The revenue derivedfrom provision of private educational services amountedto approximately HK$30.52 million during the Year (2023:approximately HK$27.13 million). The Group has launchedonline classes and other online learning modes to allow studentsto keep up with the pace of learning. 2024630960,0007.87%2023890,000 During the Year and as at 30 June 2024, our learning centrewas operated under our brand name of “Modern Education()” to provide secondary tutoring services, where weoffered both physical class and online class to students to meetdifferent needs. Revenue recorded from secondary tutoringservices was approximately HK$0.96 million, representingan increase of approximately 7.87% as compared to the lastfinancial year (2023: approximately HK$0.89 million). During the Year, there was no revenue generated from theEnglish language training and test preparation courses (2023:approximately HK$85,000). 202385,000 As at 30 June 2024, the Group had 8 directly-owned educationcentres and 26 franchised centres operating under the brandname of “Modern Bachelor Education ()”. Duringthe Year, there were 3 new franchisees (2023: 3) joined thefranchisee scheme. The number of course enrolments recordedfrom directly-owned education centres was approximately16,300 (2023: approximately 15,300). Revenue generatedfrom directly-owned education centres and non-profitmaking organisations was approximately HK$23.78 million,representing an increase of approximately 17.55% as comparedto the