东建国际2024年度报告

ANNUALREPORT2024 Corporate Information2Financial Highlights4Chairman’s Statement5Management Discussion and Analysis9Corporate Governance Report28Directors and Senior Management Profile54Environmental, Social and GovernanceReport64Directors’ Report115Independent Auditor’s Report138Consolidated Statement of Profit or Lossand Other Comprehensive Income151Consolidated Statement of FinancialPosition153Consolidated Statement of Changes inEquity155Consolidated Statement of Cash Flows156Notes tothe Consolidated FinancialStatements157Financial Summary292 Contents OCI INTERNATIONAL HOLDINGS LIMITED CORPORATE INFORMATION2 BOARD OF DIRECTORS ************ DirectorsMr.JiaoShuge(Alias Jiao Zhen)(Chairman)Mr. Tang Nanjun(Chief Executive Officer)Mr.Wu Guangze*Mr. Zhao Li*(appointed on 29 April 2024)Ms. Guo Ting Ting*(appointed on 18 December 2024)Mr. Tso Siu Lun Alan**Mr. Li Xindan**Dr. Lo Wing Yan William**Mr. Chong Ka Yee**Mr. Feng Hai*(resigned on 29 April 2024) *** *Non-executive Director**Independent non-executive Director AUDIT COMMITTEE Mr. Chong Ka Yee(Chairman)Mr. Tso Siu Lun AlanMr. LiXindanDr. Lo Wing Yan William REMUNERATION COMMITTEE Dr. Lo Wing Yan William(Chairman)Mr. Chong Ka YeeMr. Tso Siu Lun AlanMr. Li Xindan NOMINATION COMMITTEE Mr. Tso Siu Lun Alan(Chairman)Dr. Lo Wing Yan WilliamMr. Chong Ka YeeMr. Li Xindan COMPANY SECRETARYMr. Mak Kai Fung AUDITORPrism Hong Kong Limited CORPORATE INFORMATION3 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 OF BUSINESS INTHE HONG KONG SPECIAL ADMINISTRATIVE REGION OFTHE PEOPLE’S REPUBLIC OF CHINA (“HONG KONG”) 2823 Level 2328 Hennessy RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Suntera (Cayman) LimitedSuite3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana Bay,Grand Cayman,KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building D, P.O. Box 1586Gardenia Court, Camana Bay,Grand Cayman, KY1-1100Cayman Islands H O N G K O N G B R A N C H S H A R E R E G I S T R A R A N DTRANSFER OFFICE 1831712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, Hopewell Centre183 Queen’s Road EastHong Kong PRINCIPAL BANKERS TheHong Kong and Shanghai Banking Corporation LimitedCMB Wing Lung Bank LimitedChina Minsheng Banking Corp., Ltd Hong KongBranch www.oci-intl.com COMPANY WEBSITEwww.oci-intl.com 0329 STOCK CODE0329 On behalf of the board (the“Board”) of directors (the“Directors”) of OCI International Holdings Limited (the“Company”), I hereby present to our Shareholders the annualresults of the Company and its subsidiaries (collectivelyreferred to as the“Group”) for the year ended 31 December2024 (the“Year Under Review”). REVIEW OF OPERATION The Company is an investment holding company and itssubsidiaries are principally engaged in the provision of assetmanagement services, provision of investment and financialadvisory services, provision of securities underwriting andplacing services, securities trading and investments andtrading of wines and beverages. 49101303981014940623.7142.75 The Group commenced its asset management business in May2018 and generated revenue by providing asset managementservices and advisory services through the expertise ofthe Group’s investment team with Type 4 (advising onsecurities) and Type 9 (asset management) licenses grantedby the Securities and Future Commission of Hong Kong (the“SFC”). The licensed activities were conducted by the assetmanagement subsidiary of the Group, namely OCI AssetManagement Company Limited (“OCIAM”). The total netassets under management (“AUM”) and subscription amountsfrom investors managed by OCIAM as at 31 December2024 amounted to US$130 million and US$398 million,respectively, from 10 funds (31 December 2023: US$149million and US$406 million, respectively, from 10 funds). Thedecrease in AUM managed by OCIAM was mainly due to thedecrease in fair value of the underlying investments held bythe funds. Asset management income for the Year UnderReview was HK$23.71 million (year ended 31 December2023: HK$42.75 million). 1318.30 A f t e r o b t a i n i n g T y p e 1 ( d e a l i n g i n s e c u r i t i e s ) l i c e n s egranted by SFC in July 2021, the Group is able to provideunderwriting and placing of securities services. During theYear Under Review, the Group had participated in total of 3bond issuance transactions (year ended 31 December 2023:nil) and generated revenue from underwriting and placingof securities amounted to HK$18.30 million (year ended 31December 2023: nil). OCI INTERNATIONAL HOLDINGS LIMITED 6CHAIRMAN’S STATEMENT 6.339.73 Dividend income, gain on trading of cryptocurrencies, andthe change in fair value of financial assets recognised undersecurities trading and investments segment for the YearUnder Review, in total, amounted to a lo