天鸽互动年度报告2024

ANNUAL REPORT Table of Contents目錄 02Company Overview03Corporate Information06Financial Highlights08Chairman’s Statement11Management Discussion and Analysis25Financial Summary26Biographical Details of Directors and Senior Management31Report of the Directors96Corporate Governance Report119Glossary120Independent Auditor’s Report129Consolidated Financial Statements137Notes to the Consolidated Financial Statements Company O verview 關於天鴿 ABOUT TIAN GE Tian Ge Interactive Holdings Limited (the “Company”, “We” or “Tian Ge”)was founded in Hangzhou, China in 2008 with its shares listed on The StockExchange of Hong Kong Limited (the “Stock Exchange”) (the “Listing”) onJuly 9, 2014 (the “Listing Date”). 本公司我們天鴿2008201479上市日期聯交所上市 本集團 The Company and its subsidiaries (collectively the “Group”) operate anumber of renowned “many-to-many” and “one-to-many” live social videocommunities. Tian Ge has launched a series of live streaming mobileapplication and has also entered into the overseas markets, includingIndonesia, Middle East, etc. The wide acceptance of live streaming mobileapplications allows Tian Ge to capture the opportunities arising from thegrowing demand for mobile entertainment in China, Asia and the rest of theworld. Tian Ge’s good track record in the domestic live social video businessempowers its growth into the overseas markets, and the overseas marketsare becoming the main growth engine for the Group’s live social videobusiness. Corporate Information 董事會 BOARD OF DIRECTORS 執行董事 Executive DirectorsMr. Fu Zhengjun(Chairman)Mr. Mai Shi’en 非執行董事 Non-executive DirectorMs. Cao Fei 獨立非執行董事 Independent Non-executive Directors Mr. Tse Ming Lun AlanMr. Wang MingchunMr. Lam Yick Man 首席執行官 CHIEF EXECUTIVE OFFICER Mr. Zhao Weiwen 公司秘書 COMPANY SECRETARY Ms. Ng Sau MeiMs. Chen Xiu 授權代表 AUTHORISED REPRESENTATIVES Mr. Fu ZhengjunMs. Ng Sau Mei 審核委員會 AUDIT COMMITTEE Mr. Tse Ming Lun Alan(Chairman)Mr. Wang MingchunMr. Lam Yick Man 薪酬委員會 REMUNERATION COMMITTEE Mr. Wang Mingchun(Chairman)Mr. Lam Yick ManMr. Mai Shi’en 提名委員會 NOMINATION COMMITTEE Mr. Fu Zhengjun(Chairman)Mr. Tse Ming Lun AlanMr. Wang Mingchun Corporate Information ( continued) 註冊辦事處 REGISTERED OFFICE Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands 總部 HEADQUARTERS 13-14/FIntime City Tower EGongshu DistrictHangzhou, PRC E13-14 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 131 31/F, Tower Two, Times Square1 Matheson StreetCauseway BayHong Kong 證券登記總處及過戶代理 PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT Offshore Incorporations (Cayman) LimitedGrand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands Offshore Incorporations (Cayman) LimitedGrand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands 香港股份登記處 HONG KONG SHARE REGISTRAR MUFG Corporate Markets Pty LimitedSuite 1601, 16/FCentral Tower28 Queen’s Road CentralCentralHong Kong MUFG Corporate Markets Pty Limited28161601 法律顧問 LEGAL ADVISERS 1817 Reed Smith Richards Butler LLP17th Floor, One Island EastTaikoo Place18 Westlands RoadQuarry Bay, Hong Kong 核數師 AUDITOR •8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F One Pacific Place88 QueenswayHong Kong 股份代號 STOCK CODE 1980 1980 公司網址www.tiange.com COMPANY’S WEBSITE www.tiange.com 主要往來銀行 PRINCIPAL BANKERS China Merchants BankOffshore Banking Department19/F, China Merchants Bank TowerNo. 7088 Shennan BoulevardShenzhen, Guangdong, PRC 708819 China Merchants BankHong Kong Branch21/F, Bank of America Tower12 Harcourt RoadCentral, Hong Kong 1221 Financial Highlights 財務摘要 FINANCIAL HIGHLIGHTS (the below financial information, except for total assets and liabilities, arefrom continuing operations) (1)202412 31報 告 期202312 3120231231 (1)For the year ended December 31, 2024 (the “Reporting Period”), shareoptions and RSUs granted to employee and service provider are consideredto be potential ordinary shares. For the year ended December 31, 2023, thecomputation of diluted loss per share did not assume the exercise of shareoptions and vesting of unvested restricted share units since their assumedexercise would result in a decrease in loss per share. Accordingly, dilutedlosses per share for the year ended December 31, 2023 was the same asbasic losses per share. (2) (2)Adjusted net profit/(loss) was derived from the net profit/(loss) for the year,excluding the effect of non-cash share-based compensation expenses, andimpairment provision of goodwill. (3) (3)Adjusted net profit/(loss) margin was calculated by dividing adjusted netprofit/(loss) by revenue. (4)EBITDA(LBITDA) (4)Adjusted EBITDA/(LBITDA) was derived from the operating profit/(loss)for the year, excluding the effect of non-cash share-based compensationexpenses,impairment provision of goodwill and depreciation andamortization exp