绿景中国地产二零二四年年报

Contents Corporate Information2Chairman’s Statement5Management Discussion and Analysis9Biographical Details of Directors and Senior Management26Directors’ Report29Corporate Governance Report46Independent Auditor’s Report63Consolidated Statement of Profit or Loss67Consolidated Statement of Profit or Loss andOther Comprehensive Income68Consolidated Statement of Financial Position69Consolidated Statement of Changes in Equity71Consolidated Statement of Cash Flows72Notes to the Consolidated Financial Statements74Financial Summary186List of Principal Properties187 Corporate Information Directors Executive Directors () Ms. HUANG Jingshu(Chairman and Chief Executive Officer)Mr. TANG Shouchun(Chief Executive Officer) (retired on 31 March 2024)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Independent Non-Executive Directors Mr. WANG Jing(retired on 31 May 2024)Ms. HU Gin Ing(resigned on 14 February 2025)Mr. MO Fan(resigned on 14 February 2025)Mr. CHAN Koon Fat(appointed on 30 August 2024)Ms. JIAO Jie(appointed on 14 February 2025) Executive Committee Ms. HUANG Jingshu(Chairman)Mr. TANG Shouchun(ceased on 31 March 2024)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Audit Committee Ms. HU Gin Ing(Chairman) (ceased on 14 February 2025)Mr. WANG Jing(ceased on 31 May 2024)Mr. MO Fan(ceased on 14 February 2025)Mr. CHAN Koon Fat(Chairman) (appointed on 30 August 2024)Ms. JIAO Jie(appointed on 14 February 2025) Nomination Committee Ms. HUANG Jingshu(Chairman)Mr. WANG Jing(ceased on 31 May 2024)Mr. MO Fan(ceased on 14 February 2025)Mr. CHAN Koon Fat(appointed on 30 August 2024)Ms. JIAO Jie(appointed on 14 February 2025) Remuneration Committee Ms. HU Gin Ing(Chairman) (ceased on 14 February 2025)Ms. HUANG JingshuMr. MO Fan(ceased on 14 February 2025)Ms. JIAO Jie(appointed on 14 February 2025) Authorised Representatives Mr. TANG Shouchun(ceased on 31 March 2024)Ms. HUANG Jingshu(appointed on 31 March 2024)Mr. CHAN Kin Man(resigned on 10 September 2024)Ms. LAM Hoi Ki(appointed on 10 September 2024) Company Secretary Mr. CHAN Kin Man(resigned on 10 September 2024)Ms. LAM Hoi Ki(appointed on 10 September 2024) Auditor • Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors Registered Office Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Head Office and Principal Place of Business inHong Kong 123NEO2501 Unit 2501, NEO123 Hoi Bun RoadKwun TongKowloon, Hong Kong PRC Offices 6011NEOA55518048 55/F, Tower A, NEO Building6011 Shennan Avenue, Futian DistrictShenzhen, PRCPostal Code: 518048 Legal Advisers (in alphabetical order) Appleby Hunter BailhacheDeaconsGlobal Law Office Appleby Hunter Bailhache Principal Bankers (in alphabetical order) Bank of China (Hong Kong) LimitedBank of Communications Co., LtdBank of Jiangsu Co. LtdBank of Shanghai Co., LimitedChina Construction Bank CorporationChina Everbright Bank Company LimitedChina Zhesang Bank Co., Ltd.CMB Wing Lung Bank LimitedHang Seng Bank LimitedHua Xia Bank Co., LimitedIndustrial and Commercial Bank of China LimitedIndustrial Bank Co.. LtdNanyang Commercial Bank Limited Corporate Information Principal Share Registrar and Transfer Office Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Branch Share Registrar and Transfer Office inHong Kong 1617 Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong Securities Code 952,000 StockHKEx: 95Board Lot: 2,000 shares www.lvgem-china.com Websitewww.lvgem-china.com Chairman’s Statement Dear Shareholders, On behalf of the board of directors (the “Directors” or the “Board”) of LVGEM(China) Real Estate Investment Company Limited (the “Company” or “LVGEM(China)”), I would like to report to all shareholders of the Company theconsolidated business performance of the Company and its subsidiaries(collectively known as the “Group”) for the year ended 31 December 2024. .2024 I.2024 Review GDP5.0%134.9 The year 2024 marked a crucial year for achieving the planned goalsand tasks of the “14th Five-Year Plan”. It was also a very exceptionaland extraordinary year in the course of China’s economic development.Amid mounting external pressures and increasing internal difficulties,the Chinese government responded proactively and effectively to therisks and challenges, and timely launched a package of responsivemacroeconomic policies to achieve significant results, which drove theChinese economy to an overall stable condition with growth. The GrossDomestic Product (“GDP”) amounted to RMB134.9 trillion, representingan increase of 5.0% from the previous year. The real estate market remained in a cycle of adjustment, with a double-digit decline in the growth of real estate sales and investment. TheCentral Go