景联集团二零二四年年报

ANNUAL REPORT年 報2024 Corporate Information2Chairman’s Statement4Management Discussion and Analysis5Biographical Details of Directors and Senior Management14Corporate Governance Report18Environmental, Social and Governance Report30Report of Directors56Independent Auditors’ Report65Consolidated Statement of Profit or Loss andOther Comprehensive Income70Consolidated Statement of Financial Position71Consolidated Statement of Changes in Equity72Consolidated Statement of Cash Flows73Notes to the Consolidated Financial Statements74Financial Summary124 CorporateInformation公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Cheung Shek On(Chairman and Chief Executive Officer) Independent Non-Executive DirectorsMr. Chan Kwok Wing Kelvin (resigned on 2 January 2025) Mr. Chow Chun To (resigned on 2 December 2024)Mr. Tam Tak Kei RaymondMs. Zhang Zhang (appointed on 2 December 2024)Mr. An Wen Long (appointed on 14 March 2025)Mr. Xu Jiahao (appointed on 2 January 2025 andresigned on 14 March 2025) AUDIT COMMITTEE Mr. Tam Tak Kei Raymond(Chairman)Mr. Chow Chun To(Chairman) (resigned on 2 December 2024)Mr. Chan Kwok Wing Kelvin (resigned on 2 January 2025)Ms. Zhang Zhang (appointed on 2 December 2024)Mr. An Wen Long (appointed on 14 March 2025)Mr. Xu Jiahao (appointed on 2 January 2025 andresigned on 14 March 2025) REMUNERATION COMMITTEE Mr. Tam Tak Kei Raymond(Chairman)Mr. Cheung Shek OnMr. Chow Chun To (resigned on 2 December 2024)Ms. Zhang Zhang (appointed on 2 December 2024) NOMINATION COMMITTEE Mr. Cheung Shek On(Chairman)Mr. Chan Kwok Wing Kelvin (resigned on 2 January 2025)Mr. Chow Chun To (resigned on 2 December 2024)Ms. Zhang Zhang (appointed on 2 December 2024)Mr. An Wen Long (appointed on 14 March 2025)Mr. Xu Jiahao (appointed on 2 January 2025 andresigned on 14 March 2025) AUTHORISED REPRESENTATIVES Mr. Cheung Shek OnMr. Chen Yeung Tak COMPANY SECRETARY Mr. Chen Yeung Tak HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG Flat B, G/F.Fu Hop Factory Building209 and 211 Wai Yip StreetKwun Tong, KowloonHong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LEGAL ADVISER AS TO HONG KONG LAW David Fong & Co. SolicitorsUnit A, 12th Floor, China Overseas Building139 Hennessy RoadWanchai, Hong Kong PRINCIPAL BANKERS Bank of China1 Garden Road, CentralHong Kong OCBC Wing Hang Bank Limited161 Queen’s Road CentralHong Kong AUDITORS HLB Hodgson Impey Cheng LimitedCertified Public Accountants31/F, Gloucester TowerThe Landmark11 Pedder Street, CentralHong Kong WEBSITE www.kinglandgroup.com.hk STOCK CODE Chairman’sStatement主席報告 On behalf of the board (the “Board”) of directors (the “Directors),I am pleased to present the annual report of Kingland GroupHoldings Limited (the “Company”) and its subsidiaries (collectively,the “Group”) for the year ended 31 December 2024 (the “FinancialYear 2024”). The Group is an established subcontractor engaged in concretedemolition works for more than 30 years. The concrete demolitionindustry is one of the specific areas of the construction industrywhich mainly concerns the removal of pieces or sections ofconcrete from concrete structures and the demolition of the entireconcrete structures or buildings. For the Financial Year 2024, the Group’s revenue decreasedby approximately HK$24.1 million to approximately HK$97.1million, compared with approximately HK$121.2 million for theyear ended 31 December 2023 (the “Financial Year 2023”). TheGroup’s net profits decreased by approximately HK$0.8 millionfrom approximately HK$1.3 million for the Financial Year 2023to approximately HK$0.5 million for the Financial Year 2024. Themodest decrease in net profit of HK$0.8 million was mainly dueto the provision for impairment losses on trade receivables andcontract assets. In the Financial Year 2024, our Group faced challenges as theglobal economy continued to suffer from prolonged high interestrates and geopolitical tensions. In Hong Kong, the constructionindustry experienced a slowdown due to reduced activities inthe private sector. Despite these obstacles, our Group managedto enhance our gross profit margin by focusing on projects withhigher profitability, implementing stringent cost control measures,and optimising resource management. The Chief Executive’s 2024 Policy Address announced toexpedite the implementation of economic and housing-relatedprojects in the Northern Metropolis. This initiative is anticipatedto revitalize the construction sector in the coming years. We arecautiously optimistic about the future and are dedicated to activelyparticipating in project tenders to leverage emerging opportunit