意力国际2024 年报

CONTENTS Page Chairman’s Statement4 Profile of Directors and Senior Management22 Corporate Governance Report26 Independent Auditor’s Report64 Consolidated Statement of Profit or Loss and Other Comprehensive Income81 Consolidated Statement of Financial Position84 Financial Summary283 CORPORATIONINFORMATION BOARD OF DIRECTORS Kitchell Osman Bin Mr. Kitchell Osman Bin(Chairman)Ms. Choi Ka WingMr. Shimazaki Koji Independent Non-executive Directors Mr. Chan Hak KanMs. Liu JianyiMr. Miu Frank H. BOARD COMMITTEES Audit CommitteeMr. Miu Frank H.(Chairman)Mr. Chan Hak KanMs. Liu Jianyi Nomination CommitteeMs. Liu Jianyi(Chairman)Mr. Chan Hak KanMr. Miu Frank H. Remuneration CommitteeMs. Liu Jianyi(Chairman)Mr. Chan Hak KanMr. Miu Frank H. COMPANY SECRETARYMs. Liu Tsui Fong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Room 2205-09, 22nd FloorChina United Centre28 Marble RoadNorth Point, Hong Kong AUDITOR Crowe (HK) CPA LimitedCertified Public Accountants PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedChong Hing Bank LimitedHang Seng Bank Limited PRINCIPAL SHARE REGISTRAR Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE The Stock Exchange of Hong Kong Limited: 585 WEBSITEwww.imagi.hk www.imagi.hk CONTACT INFORMATION Address:Room 2205-09, 22nd FloorChina United Centre28 Marble RoadNorth Point, Hong KongTelephone:(852) 3679 3988Fax:(852) 3679 3188Email:investor@imagi.hk 28 222205-09(852) 3679 3988(852) 3679 3188investor@imagi.hk CHAIRMAN’SSTATEMENT Dear Shareholders, Onbehalfoftheboard(the“Board”)ofdirector(s)(the“Director(s)”) of Imagi International Holdings Limited (the“Company”, together with its subsidiaries as the “Group”),I would like to present the annual report of the Companyfor the year ended 31 December 2024 (the “Year underReview”)totheshareholder(s)oftheCompany(the“Shareholder(s)”). BUSINESS REVIEW Businesses for the Company remained in doldrums for theYear under Review. In 2024, the Hong Kong’s and Chineseeconomy were detrimentally affected by the depressed worldeconomic environment, including stubborn inflation, highinterest rates and energy prices and continued to be plaguedby subdued property markets in both Hong Kong and Chinawith its rippling effects on the population’s confidence andoutlooks.Inturndepressedconsumers’consumptionappetite. As a result the retail markets performance remaineddepressed with many retail entities going out of business.For 2024, the Group recorded a revenue of approximatelyHK$39 million which represents a decrease of approximately20% as compared to financial year of 2023 while impairmentallowances on margin loans receivable and loans receivablefor2024increasedinlinewiththedeterioratingmarketenvironment and expectation. All the above combined toadversely affect the Company’s results which ended with anet loss attributable to the Shareholder of approximatelyHK$19 million for the Year under Review, an increase ofapproximatelyHK$6millionfromapproximatelyHK$13million for the corresponding period in 2023. 39,000,00020% 19,000,00013,000,000 6,000,000 While there appears to be promising developments in HongKong and China since the end of 2024 and the beginningof 2025, such as the emergence of the “PS5 game-BlackWukong”, the animated film “Ne Zha 2” and the ArtificialIntelligence – “DeepSeek-V3” and “DeepSeek-R1”, and theplanned injection of funds from the Chinese governmentinto the economy, there remains significant uncertainties intheHongKongandChinaeconomies.TheGroupwillcontinuetotakeacautiousstanceinitsbusinessdevelopment by mainly consolidating its existing businessand forego rapid expansion. For the Year under Review, theCompanycontinuedtofocusitsattentionanddevoteresourcesindevelopingitscorebusinessbeingtheintegrated financial services business with stable return and,going forward into 2025. PROSPECTS With China regulatory authorities beginning to ease theirclampdowns and starting to loosen its credit policies as wellas the central government’s decision to pump in financialresources and incentives to revive the economy, it is expectedthattheChinapropertyandequitymarketwillbegintostabilise. The Chinese market will also be buoyed by therecentexcitingprospectsbroughtaboutbyunexpectedsuccesses of the “PS5 game-Black Wukong”, the animatedfilm “Ne Zha 2” and the Artificial Intelligence – “DeepSeek-V3”and “DeepSeek-R1”. This will in turn filter through the generaleconomyinChinaandHongKong.Generalbusinessenvironment in Hong Kong and China for 2025 is expectedto see gradual and consistent i