中国煤层气二零二四年年报

2024ANNUAL REPORT CHARACTERISTICS OF THE GEM ( “GEM” ) OF THE STOCK EXCHANGE OF HONGKONG LIMITED (THE “STOCK EXCHANGE” ) GEM has been positioned as a market designed to accommodate small and mid-sized companies towhich a higher investment risk may be attached than other companies listed on the Stock Exchange.Prospective investors should be aware of the potential risks of investing in such companies and shouldmake the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a riskthat securities traded on GEM may be more susceptible to high market volatility than securities tradedon the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market inthe securities traded on GEM. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take noresponsibility for the contents of this report, make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole orany part of the contents of this report. This report, for which the directors (the “Directors”) of China CBM Group Company Limited (the “Company”)collectively and individually accept full responsibility, includes particulars given in compliance with the RulesGoverning the Listing of Securities on GEM of the Stock Exchange (the “GEM Listing Rules”) for the purposeof giving information with regard to the Company. The Directors, having made all reasonable enquiries,confirm that to the best of their knowledge and belief the information contained in this report is accurate andcomplete in all material respects and not misleading or deceptive, there are no other matters the omission ofwhich would make any statement herein or this report misleading and that all opinions expressed in this reporthave been arrived at after due and careful consideration and are founded on bases and assumptions that arefair and reasonable. GEMGEM GEM GEMGEMGEM GEMGEM 3Corporate Information6Corporate Profile7Chairman’s Statement12Management Discussion and Analysis19Corporate Governance Report38Environmental, Social and Governance Report73Biographical Information of Directors and Key Management78Directors’ Report93Independent Auditors’ Report101Consolidated Statement of Profit or Loss102Consolidated Statement of Profit or Loss and OtherComprehensive Income103Consolidated Statement of Financial Position105Consolidated Statement of Changes in Equity106Consolidated Statement of Cash Flows109Notes to the Consolidated Financial Statements228Five Year Financial Summary BOARD OF DIRECTORS Executive Directors Mr. Wang Zhong Sheng(Chairman)Mr. Chang JianMr. Wang Chen (re-designed from a non-executive directoron 1 November 2024)Mr. Tan Ye Kai, Byron (appointed on 1 September 2024) Mr. Leung Chi Ho (appointed on 1 November 2024) Non-Executive Directors Mr. Duan Shi Chuan (retired on 11 June 2024) Mr. Liang Feng (resigned on 1 November 2024) Mr. Wang Chen (re-designed to an executive directoron 1 November 2024)Ms. Li Siliang (appointed on 1 November 2024) Independent Non-Executive Directors Mr. Lau Chun PongMr. Wang Zhi HeMr. Xu Yuan Jian AUDIT COMMITTEE Mr. Lau Chun Pong(Chairman of audit committee)Mr. Wang Zhi HeMr. Xu Yuan Jian NOMINATION COMMITTEE Mr. Wang Zhi He(Chairman of nomination committee)Mr. Lau Chun PongMr. Xu Yuan Jian REMUNERATION COMMITTEE Mr. Lau Chun Pong(Chairman of remuneration committee)Mr. Wang Zhi HeMr. Xu Yuan Jian CORPORATE INFORMATION COMPANY SECRETARY Mr. Tse Chun Lai COMPLIANCE OFFICERMr. Wang Zhong Sheng AUTHORISED REPRESENTATIVES Mr. Wang Zhong ShengMr. Tse Chun Lai HEAD OFFICE & PRINCIPAL PLACE OF BUSINESSIN HONG KONG 3621920 Room 20, 19/F,Fortune Commercial Building362 Sha Tsui RoadTsuen Wan, Hong Kong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR KTC Partners CPA Limited PRINCIPAL BANKERBank of China (Hong Kong) Limited STOCK CODE 0827008270 CORPORATE PROFILE GEMGEM China CBM Group Company Limited and its subsidiaries(collectively referred to as the “Group”) currently conduct thebusiness of manufacture and sales of liquefied coalbed gaswhose operations are located in the PRC. The Company wasincorporated in Cayman Islands as an exempted company withlimited liability in July 2002 and continued in Bermuda as anexempted company with limited liabilities in accordance with theCompany Act 1981 (as amended) of Bermuda. It was initiallylisted on the GEM (“GEM”