京西国际年报 2024

CONTENTS Corporate Information2Biographical Details of Directors4Group Structure10Chairman’s Statement11Management Discussion and Analysis14Corporate Governance Report26Environmental, Social and Governance Report63Report of the Directors113Independent Auditor’s Report137 Audited Financial StatementsConsolidated Statement of Profit or Loss145Consolidated Statement of Comprehensive Income146Consolidated Statement of Financial Position147Consolidated Statement of Changes in Equity149Consolidated Statement of Cash Flows151Notes to Consolidated Financial Statements153 Five-Year Financial Summary260 CORPORATE INFORMATION BOARD OF DIRECTORS Dong Xiaojie(Chairman)Liu Xihe(appointed on 27 December 2024)(Executive Director)Xi Jianpeng(appointed on 1 October 2024)(Executive Director)Wong Foreky(appointed on 18 March 2024)(Independent Non-executive Director)Lo, Gordon(appointed on 1 July 2024)(Independent Non-executive Director)Peng Fan(appointed on 1 July 2024)(Independent Non-executive Director) EXECUTIVE COMMITTEE Dong Xiaojie(Chairman)Liu XiheXi Jianpeng AUDIT COMMITTEELo, Gordon(Chairman)Wong ForekyPeng Fan NOMINATION COMMITTEE Dong Xiaojie(Chairman)Wong ForekyLo, GordonPeng Fan REMUNERATION COMMITTEE Wong Foreky(Chairman)Dong XiaojieLo, GordonPeng Fan CORPORATE INFORMATION(continued) COMPANY SECRETARYSuen Ho Yi 22 AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered Public InterestEntity Auditor22/F, Prince’s Building, Central, Hong Kong 1617 SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1–1111, Cayman Islands Cricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1–1111, Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 39101005–06 Rooms 1005-06, 10th FloorHarcourt House39 Gloucester RoadWanchai, Hong Kong 2339 STOCK CODE2339 www.bwi-intl.com.hk WEBSITEwww.bwi-intl.com.hk BIOGRAPHICAL DETAILS OFDIRECTORS DIRECTOR Mr. Dong Xiaojie, aged 62, graduated from the Hebei NormalUniversity, majoring in mathematics in 1984. Mr. Dong wasappointed as an Executive Director of the Company and theChairman of the board of directors of the Company (the “Board”) inSeptember 2022. He is also the chairman of each of the ExecutiveCommittee and the Nomination Committee of the Company,as well as a member of the Remuneration Committee of theCompany. Mr. Dong was the chairman of Hebei Shengyuan AssetManagement Consulting Co., Ltd.* () for the period from April 2005 to October 2010. Moreover,he was the chairman of Beijing Old Street Shengyuan VentureCapital Management Co., Ltd.* () for the period from April 2010 to September 2014. Forthe period from February 2015 to August 2016, Mr. Dong was adirector of Robyn Hode Capital Limited. He is a director and thepresident of Zhangjiakou Industrial Investment Holding Group Co.,Ltd.* () (“Zhangjiakou IndustrialInvestment“) (formerly known as Zhangjiakou Financial HoldingGroup Co., Ltd.* ()) since July 2016.He is also the chairman of BeijingWest Smart Mobility ZhangjiakouAutomotive Electronics Co., Ltd.* () (“BWSM”) since July 2022; and the chairman of BWI (Beijing)Limited* (“BWI”) (()) (formerlyknown as BeijingWest Industries Co., Ltd.* ()) from September 2022 to September 2023. He is still a director ofBWI at present. He is also a director of BWI Company Limited (“BWIHK”) (a wholly-owned subsidiary of BWI) since March 2023. Eachof Zhangjiakou Industrial Investment, BWSM, BWI and BWI HK is asubstantial shareholder of the Company within the meaning of PartXV of the Securities and Futures Ordinance (the “SFO”). Mr. Dongwas an independent non-executive director of Orient Victory SmartUrban Services Holding Limited (currently known as Gangyu SmartUrban Services Holding Limited), a Hong Kong listed company, fromSeptember 2014 to June 2024. XV A service agreement was entered into between Mr. Dong and theCompany for a term of three years commencing on 1 January 2024.Under the service agreement, Mr. Dong is entitled to a salary anddiscretionary bonus as may be determined by the Board or itsdelegated committee(s) from time to time. Mr. Dong declined anysalary from the Group voluntarily since the date of his appointmentas a Director of the Company. BIOGRAPHICAL DETAILS OFDIRECTORS(continued) XV Mr. Liu Xihe, aged 43, graduated from North China Institute ofAerospace Engineering (), majoring in materialforming and control engineering. He also holds a master’s degree inbusiness administration from Capital University of Economics andBusiness (). Mr. Liu was appointed as an ExecutiveDirector of the Company in December 2024 and is a member of theExecutive Committee. Mr. Liu has approximately 20 years of workingexperience in multinational companies in the automobile industryand new energy industry, including SVOLT Energy Technology Co.,Ltd. () from March 2020 to May 2023,where the last position he held in the company was