唐宫中国2024 年报

Corporate Information DIRECTORS Executive Directors Ms. WENG Peihe(Chairman)Mr. YIP Shu MingMr. CHAN Man WaiMr. KU Hok ChiuMr. CHEN Zhi Xiong(Chief Executive Officer)Mr. WONG Chung Yeung(Chief Financial Officer)(resigned on 1 February 2025) Independent Non-Executive Directors Mr. KWONG Chi KeungMr. KWONG Ping ManMr. CHAN Kin Shun JOINT COMPANY SECRETARIES Mr. WONG Chung Yeung(resigned on 1 February 2025)Ms. KOO Ching Fan(appointed on 1 February 2025)Mr. CHEUNG Cho Kiu(appointed on 3 March 2025) AUTHORISED REPRESENTATIVES Mr. CHAN Man WaiMr. WONG Chung Yeung(resigned on 1 February 2025)Ms. KOO Ching Fan(appointed on 1 February 2025 andresigned on 3 March 2025)Mr. CHEUNG Cho Kiu(appointed on 3 March 2025) MEMBERS OF AUDIT COMMITTEE Mr. KWONG Ping Man(Chairman)Mr. KWONG Chi KeungMr. CHAN Kin Shun MEMBERS OF NOMINATION COMMITTEE Mr. KWONG Ping Man(Chairman)Mr. KWONG Chi KeungMr. CHAN Kin Shun MEMBERS OF REMUNERATION COMMITTEE Mr. KWONG Chi Keung(Chairman)Mr. KWONG Ping ManMr. CHAN Kin Shun REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit 3, 10th FloorGreenfield TowerConcordia PlazaNo. 1 Science Museum RoadKowloonHong Kong 103 CAYMAN ISLANDS SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 Corporate Information PRINCIPAL BANKERS Agricultural Bank of China LimitedBank of China LimitedHang Seng Bank Limited AUDITORS Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISORAs to Hong Kong law:CFN Lawyers As to the People’s Republic of China’s law:Beijing Bairui (Shenzhen) Law Firm STOCK CODEThe Stock Exchange of Hong Kong Limited:1181 1181 WEBSITEwww.tanggong.cn www.tanggong.cn The above corporate information is up to 26 March 2025. Chairman’s Statement STRENGTHENINGCORE ADVANTAGES INSPIRING INNOVATIVEMOMENTUM On behalf of the Board, I would like to present the annual reportof the Group for the year ended 31 December 2024 (the “Year”). In the context of high global inflation and an unstable economicrecovery, the consumer market in mainland China and Hong Kongisundergoingstructuralchanges.Whilebasiclivelihoodconsumption shows resilience, the demand for mid- to high-enddiningissignificantlyaffectedbytheslowdownindisposableincome growth and insufficient consumer confidence. In responsetomultiplepressuresfrommarketvolatility,acautiousconsumption atmosphere, and an undergoing overall pressure ofthe food and beverage industry, the Group has prudently adjustedits strategies this year. This includes precise marketing paired withonlineexposureandstrengtheningcustomerloyalty,achievingannual revenue of RMB1,021.1 million. Additionally, through thecollective efforts of the Group, the gross profit margin has justdecreasedslightlyto66.1%,maintainingthebottomlineforprofitability. 1,021.1 66.1% In recent years, the food and beverage market has been evolvingrapidly, especially in mainland China. Customers are leaning moretowards experience-based consumption, transitioning from purelypaying for product quality to valuing emotional appeal. Dining is nolongerjustabouttraditionalservices;itnowrequirestheintegration of culture, social interaction, and a sense of ritual tobuild unique competitive advantages. Based on these trends, weare focusing on three core strategies in 2024. 1.SCENE DESIGN INNOVATION: FROMSERVICE PROVIDER TO LIFESTYLEPLANNER •HolidayEconomy:Createmarketingthatis“memorable”toboostcustomers’year-roundconsumptiondesire.Elevatemarketingattentionaround traditional holidays (e.g. CNY Festival, NationalDayetc.)andemotionalscenarios(e.g.birthdayb a n q u e t s ,l o n g e v i t yc e l e b r a t i o n s ,w e d d i n ganniversaries etc.). Through add-on services such asbanquetscenedecorations,customizedceremonies,complementarysouvenirs,andcombinedwithcommemorative meal packages, these help stimulatingdine-in sales. •Cross-IndustryExperiences:Periodicallylaunchlifestyle-themed “salon” activities that combine arts andd i n i n g( e . g .f l o r a la r r a n g e m e n tc l a s s e s ,t e aappreciationworkshops,tastingevents),givingcustomersanenhancedexperiencebeyondregulardining.Additionally,addressingthehighdemandforfamily-orientedactivities,collaboratewithtravelandlifestyle platforms to introduce “child friendly dim sumcookingclasses,”exploringfurtheropportunitiesforvalue-added services. salon 2.MANAGE EXPOSURE: HIGH EXPOSURE TODRIVE ONLINE CUSTOMERS •Precision in Public Domain Customer Acquisitio