中国生命集团二零二四年年报

GEMCHARACTERISTICS OF GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM GEM has been positioned as a market designed toaccommodate small and mid-sized companies to which ahigher investment risk may be attached than othercompanies listed on the Stock Exchange. Prospectiveinvestors should be aware of the potential risks ofinvesting in such companies and should make thed e c i s i o nt o i n v e s t o n l y a f t e r d u e a n d c a r e f u lconsideration. GEMGEMGEM Given that the companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be aliquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,make no representation as to its accuracy or completenessand expressly disclaim any liability whatsoever for any losshowsoever arising from or in reliance upon the whole or anypart of the contents of this report. GEMGEM This report, for which the directors (the “Directors”) of Sino-L i f e G r o u p L i m i t e d ( t h e “ C o m p a n y ”) c o l l e c t i v e l y a n dindividually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange (the “GEM ListingRules”) for the purpose of giving information with regard tothe Company. The Directors, having made all reasonable enquiries, confirmthat, to the best of their knowledge and belief the informationcontained in this report is accurate and complete in allmaterial respects and not misleading; and there are no othermatters the omission of which would make any statementherein or in this report misleading. Contents Corporate Information3Chairman’s Statement6Management Discussion and Analysis10Corporate Governance Report32Biographical Details of the Directors andSenior Management63Directors’ Report67Independent Auditor’s Report91Consolidated Statement of Profit or Loss andOther Comprehensive Income102Consolidated Statement of Financial Position104Consolidated Statement of Changes in Equity106Consolidated Statement of Cash Flows107Notes to the Consolidated Financial Statements110Five Years Financial Summary300 Corporate Information Corporate information of the Company as at the date of thisreport is as follows: BOARD OF DIRECTORS Executive DirectorsMr. Xu Jianchun(Chairman)Mr. Liu Tien-Tsai(Chief executive officer) Independent non-executive DirectorsMr. Chai Chung WaiDr. Yang JingjingMs. Hu Zhaohui COMPANY SECRETARY CPA, FCCA, ACG, ACMA Mr. Chu Kin MingCPA, FCCA, ACG, ACMA AUTHORISED REPRESENTATIVES CPA, FCCA, ACG, ACMA Mr. Liu Tien-TsaiMr. Chu Kin MingCPA, FCCA, ACG, ACMA COMPLIANCE OFFICER Mr. Liu Tien-Tsai AUDIT COMMITTEE Mr. Chai Chung Wai(Chairman)Dr. Yang JingjingMs. Hu Zhaohui REMUNERATION COMMITTEE Ms. Hu Zhaohui(Chairman)Mr. Chai Chung WaiDr. Yang Jingjing Corporate Information NOMINATION COMMITTEE Dr. Yang Jingjing(Chairman)Mr. Chai Chung WaiMs. Hu Zhaohui AUDITOR Crowe (HK) CPA LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor PRINCIPAL BANKERS Bank SinoPacFirst Commercial BankThe Hongkong and Shanghai Banking Corporation LimitedChina Merchants Bank REGISTERED OFFICE The Grand Pavilion Commercial CentreOleander Way802 West Bay RoadP.O. Box 32052Grand Cayman KY1-1208Cayman Islands The Grand Pavilion Commercial CentreOleander Way802 West Bay RoadP.O. Box 32052Grand Cayman KY1-1208Cayman Islands REGISTERED OFFICE IN HONG KONG 77Ovest 18 18/F, Ovest77 Wing Lok StreetSheung WanHong Kong S H A R ER E G I S T R A R S A N D T R A N S F E ROFFICES Principal share registrar and transfer office 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 Corporate Information Hong Kong branch share registrar andtransfer office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 8296 8296 www.sinolifegroup.com WEBSITE www.sinolifegroup.com Chairman’s Statement In 2024, the global economic environment continued to bet u r b u l e n t . T h e w o r l d f a c e d a s l o w i n g p a c e o f g r o w t hcompounded by frequent geopolitical conflicts, whichheightened pressures on the surrounding environment.Domestically, amid several structural headwinds, such asinsufficient domestic demand, a prolonged downturn in the realestate sector, and escalating local government debt risks, thePeople’s Republic of China (the “PRC” or “China”) hasaccelerated the establishment of a new development landscape,fostered the growth of new quality produc