绿领控股2024年年报

CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Tse Michael Nam(Chairman and Chief Executive Officer)Mr. Zhang Sanhuo (resigned with effect from 4 September 2024)Ms. An Juan (appointed on 28 June 2024) Independent Non-executive Directors Mr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong AUDIT COMMITTEE Mr. Ho Kin Cheong, Kelvin(Chairman of the Committee)Mr. Shen WeidongMr. Tian Hong REMUNERATION COMMITTEE Mr. Tian Hong(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen Weidong NOMINATION COMMITTEE Mr. Tse Michael Nam(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong RISK MANAGEMENT COMMITTEE Mr. Tse Michael Nam(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong COMPANY SECRETARY Ms. Chu Ka Ying (resigned on 4 October 2024)Mr. Chan Cheuk Ho (appointed on 4 October 2024) AUTHORIZED REPRESENTATIVES Mr. Tse Michael NamMr. Chan Cheuk Ho (appointed on 4 October 2024) REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda ANNUAL REPORT 202402 CORPORATE INFORMATION HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 88–988812A Unit A, 12/F.Central 8888–98 Des Voeux Road CentralHong Kong PRINCIPAL BANKER 55E1D Bank of Communications (Hong Kong) LimitedShop E1 & Portion of Shop D, G/F.Lee Kee BuildingNo. 55 Ngau Tau Kok Road, KowloonHong Kong LEGAL CONSULTANT CLKW Lawyers LLP16-181191901A 1902 1902A CLKW Lawyers LLP in association with Michael Li & Co.1901A, 1902, 1902A, 19/F., New World Tower I16-18 Queen’s Road CentralHong Kong INDEPENDENT AUDITOR 188101003-05 Jon Gepsom CPA LimitedRoom 1003-05, 10/F., Siu On Centre188 Lockhart RoadWan Chai, Hong Kong PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda 1617 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong http://www.greenleader.hk WEBSITE http://www.greenleader.hk CHAIRMAN’S STATEMENT On behalf of the board (the “Board”) of directors (the “Director(s)”)of Green Leader Holdings Group Limited (the “Company”), I herebypresent the annual report of the Company and its subsidiaries(collectively referred to as the “Group”) for the year ended 31December 2024 (the “Year”). During the Year, the Group faced significant challenges brought aboutby global economic volatility. We implemented certain adjustments,including the discontinuation of certain non-profitable miningoperations. We strongly believe that these are crucial steps towardbuilding a more resilient and sustainable business while exploring newpaths for growth. In the areas of coal processing, mixing, and product sales, we haveobserved profound changes in market demand. With technologicaladvancements and the increasing diversification of consumer needs,high-quality and low-pollution coal products are gaining greatermarket favor. To address this shift, we have increased investments inexpanding this segment of our business. For instance, by adoptingstate-of-the-art coal washing techniques, we can effectively reduceimpurities in coal, thereby minimizing pollutant emissions duringcombustion. Additionally, we will continue to optimize our coal mixingstrategies, offering customized solutions tailored to the specificrequirements of our clients across various industries such as powergeneration and steel production. OUTLOOK Looking forward to the near future, global economic growth isexpected to continue experience disruptions due to escalatinggeopolitical conflicts and sluggish international trade. Althoughpersistent and heightened worldwide inflation has begun to ease, theinstability of the global political and economic landscape – arising fromconflicts in Russia-Ukraine and the Middle East – remains a significantconcern. Additionally, the risk of global recession due to high interestrates has not yet been mitigated. These factors may impede customerresumption of new projects and consumer demands. 3.2% In the World Economic Outlook issued by the International MonetaryFund in July 2024, global economic growth in 2024 is projected toremain at 3.2%. The world’s economic recovery will be slow butsteady. In the coming year, the government of the People’s Republicof China (the “PRC”) will adhere to its overarching approach ofmaking progress while maintaining stability, intensify macro-economicadjustments and controls, and thoroughly exploit the potential ofdomestic demand. It is expected that the economy of the PRC willmaintain steady and favorable development. CHAIRMAN’S STATEMENT The Group will closely monitor the situation, align with governmentpolicies and recommendations, and continue to mitigate foreseeablerisks across all business segments. We will endeav