澳亚集团年报 2024

Annual Report年 度 報 告2024 Contents 2Corporate Information7Chairman’s Statement11Locations of Production Units12Highlights17Management Discussion and Analysis46Report of Directors100Directors and Senior Management115Corporate Governance Report140Independent Auditor’s Report271Financial Summary273Definitions and Glossary Corporate Information BOARD OF DIRECTORS Executive Directors Edgar Dowse COLLINS Mr. TAN Yong Nang (Executive Chairman)Mr. Edgar Dowse COLLINS (Chief Executive Officer)Mr. YANG Ku (Chief Operating Officer) Non-Executive Directors Tamotsu MATSUI202465Gabriella SANTOSA202465 Ms. GAO LinaMr. Tamotsu MATSUI (appointed on 5 June 2024)Ms. Gabriella SANTOSAMr. HIRATA Toshiyuki (retired on 5 June 2024) Independent Non-executive Directors Mr. SUN PatrickMr. CHANG Pan, PeterMr. LI Shengli COMPANY SECRETARIES Singapore LLB (Hons)(ACS, ACG)202492 Ms. CHUA Sook Ping Christina (LLB (Hons))Ms. CHENG Sai Hong (ACS, ACG) (resigned on 2September 2024) Hong Kong HKFCG (PE), FCG Ms. HO Wing Nga (HKFCG (PE), FCG) AUTHORISEDREPRESENTATIVES UNDER THELISTING RULES Mr. Edgar Dowse COLLINSMs. CHUA Sook Ping Christina Edgar Dowse COLLINS Corporate Information BOARD COMMITTEES Audit Committee Tamotsu MATSUI202465202465 Mr. SUN Patrick (Chairman)Mr. CHANG Pan, PeterMr. Tamotsu MATSUI (appointed on 5 June 2024)Mr. HIRATA Toshiyuki (retired on 5 June 2024) Remuneration Committee Gabriella SANTOSA Mr. CHANG Pan, Peter (Chairman)Ms. Gabriella SANTOSAMr. SUN Patrick Nomination Committee Mr. TAN Yong Nang (Chairman)Mr. LI ShengliMr. SUN Patrick ESG ESG Committee Edgar Dowse COLLINS Mr. Edgar Dowse COLLINS (Chairman)Mr. YANG KuMr. LI Shengli Independent Board Committee Mr. SUN Patrick (Chairman)Mr. CHANG Pan, PeterMr. LI Shengli LEGAL ADVISER AS TO LAWS OF THE PRC 81115100025 Global Law Office15th Floor, Tower 1, China Central PlaceNo. 81, Jianguo Road, Chaoyang DistrictBeijing 100025, China LEGAL ADVISER AS TO LAWS OF HONG KONG 126 WOO KWAN LEE & LO26th Floor, Jardine House1 Connaught Place, CentralHong Kong, China Corporate Information PRINCIPAL BANKS 12 Marina Boulevard Level 45Marina Bay Financial Centre Tower 3Singapore 018982 DBS Bank Ltd12 Marina Boulevard Level 45Marina Bay Financial Centre Tower 3Singapore 018982 131818200120 DBS Bank (China) Limited, Shanghai Branch18th Floor, DBS Bank Tower1318 Lu Jia Zui Ring Road, Pudong New DistrictShanghai 200120, China 5014101 PT Bank Mandiri (Persero) TBK Shanghai BranchUnit 4101 Shanghai Tower501 Yin Cheng Zhong Road, Pudong New District,Shanghai, China 333603-04200120 Malayan Banking Berhad Shanghai BranchRoom 03-04, 6th Floor, BRICS TowerNo. 333 Lu Jia Zui Ring Road, Pudong New DistrictShanghai 200120, China 1161286602200120 United Overseas Bank (China) LimitedShanghai Pilot Free Trade Zone Sub-branchRoom 602, 6F, No. 116, 128 Yincheng Road,Pilot Free Trade ZoneShanghai 200120, China 9 China Construction Bank Corporation Co., Ltd.,Dongying Nonggao District Sub-branchNo. 9 Guangbei Road, Agricultural High-tech ZoneDongying City, Shandong Province, China Corporate Information AUDITOR 97927 Ernst & Young(Certified Public Accountants and RegisteredPublic Interest Entity Auditor)27/F, One Taikoo Place979 King’s Road, Quarry BayHong Kong, China COMPLIANCE ADVISER 2920 Somerley Capital Limited20/F, China Building29 Queen’s Road CentralHong Kong, China PRINCIPAL SHARE REGISTRAR Boardroom Corporate & Advisory Services Pte. Ltd.1 Harbourfront AvenueKeppel Bay Tower #14-07Singapore 098632 Boardroom Corporate & Advisory Services Pte. Ltd.1 Harbourfront AvenueKeppel Bay Tower #14-07Singapore 098632 HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre, 183 Queen’s Road EastWan Chai, Hong KongChina HEADQUARTER AND REGISTERED OFFICE 400 Orchard Road#15-08, Orchard TowersSingapore 238875 400 Orchard Road#15-08, Orchard TowersSingapore 238875 200906806K COMPANY REGISTRATION NUMBER IN SINGAPORE 200906806K Corporate Information PRINCIPAL PLACE OF BUSINESS IN THE PRC 10 No. 10, Yongguan Road, Yongan Town, Kenli DistrictDongying City, Shandong Province, China PRINCIPAL PLACE OF BUSINESS IN HONG KONG 18346 46th Floor, Hopewell Centre,183 Queen’s Road EastWan Chai, Hong KongChina investor@austasiadairy.com INVESTOR RELATIONS CONTACT INFORMATION investor@austasiadairy.com DATA PROTECTION OFFICER CONTACT INFORMATIONalvin.choo@austasiadairy.com alvin.choo@austasiadairy.com 2425 STOCK CODEStock Code: 2425 www.austasiadairy.com WEBSITEwww.austasiadairy.com Chairman’s Statement 20241231 On behalf of the board of directors of AustAsia Group Limitedandits subsidiaries(“AustAsia”or“the Group”),I am honoredtopresent the annual results for the financial year ended 31December 2024 (“Reporting Year”) to our shareholders. 20245%202420232%1.5%20213202184.42024123.130% In2024,China achieved a 5%year-on-year GDP growth.However,it is evident