皇冠环球集团2024/2025年报

Corporate InformationCrown International Corporation LimitedAnnual Report 2024/20252BOARD OF DIRECTORSExecutive DirectorsMr. WEI Zhenming(Chairman)Mr. DENG Jianguo(appointed on 15 August 2024)Mr. CHAN Yuk Charm(removed on 10 January 2025)Independent Non-executive DirectorsMs. LO Lai Lai Samantha(appointed on 9 July 2024)Ms. HU Ruixuan(appointed on 15 August 2024)Mr. WONG Wai Kit(appointed on 15 August 2024)Ms. LIU Ting(resigned on 9 July 2024)Mr. XIAO Ganghua(resigned on 22 August 2024)Mr. NG Ki Man(resigned on 13 August 2024)EXECUTIVE COMMITTEEMr. WEI Zhenming(Chairman)Mr. DENG JianguoAUDIT COMMITTEEMs. LO Lai Lai Samantha(Chairman)Ms. HU RuixuanMr. WONG Wai Kit 2024/20253Corporate Information(Continued)26272707148212103B51151510–1517 REMUNERATION, QUALITY ANDNOMINATION COMMITTEEMs. HU Ruixuan(Chairman)Ms. LO Lai Lai SamanthaMr. WONG Wai KitCOMPANY SECRETARYMr. LEE Chi Shing, CaesarAUTHORISED REPRESENTATIVESMr. WEI ZhenmingMr. LEE Chi Shing, CaesarREGISTERED OFFICERoom 2707, 27th FloorChina Resources Building26 Harbour RoadWanchaiHong KongSHARE REGISTRARS AND TRANSFEROFFICEBoardroom Share Registrars (HK) LimitedRoom 2103B, 21/F., 148 Electric RoadNorth Point, Hong KongINDEPENDENT AUDITORCCTH CPA LimitedUnit 1510–1517, 15/F.Tower 2, Kowloon Commerce CentreNo. 51 Kwai Cheong RoadKwai ChungNew TerritoriesHong Kong Crown International Corporation LimitedAnnual Report 2024/20254Corporate Information(Continued)PRINCIPAL BANKERSThe Hongkong and Shanghai Banking Corporation LimitedChina Everbright Bank Company LimitedHarbin Bank Co., Ltd.LISTING INFORMATIONThe Stock Exchange of Hong Kong LimitedOrdinary Shares (Stock Code: 727)Board Lot: 10,000 sharesWEBSITEhttp://www.crown727.com 72710,000http://www.crown727.com Chairman’s Report2024/2025516.1126.8 On behalf of the board (the “Board”) of directors (the “Directors”) ofCrown International Corporation Limited (the “Company”, together withits subsidiaries, collectively referred to as the “Group”), I am pleasedto present the final results of the Group for the financial year ended 31March 2025 (the “Current Year”).As of 31 March 2025, the total assets of the Group reached approximatelyHK$1,510.8 million, and the profit attributable to the shareholders ofthe Company (“Shareholders”) for the Current Year was approximatelyHK$16.1 million, compare to that of the loss of HK$126.8 million for thefinancial year ended 31 March 2024 (the “Last Year”).In the Current Year, the Group is principally engaged in the businessesof property investment, property development, hotel operations, provisionof comprehensive healthcare planning and management services andtrading and developing of premium white spirit in the People’s Republic ofChina (the “PRC”).Coronavirus disease with the greatest fallout in a recent century brokeout, it has an unprecedented infectiosity and it had spread to every cornerof the world in just two to three months, including the largest economiessuch as the United States, China, Europe and Japan. To fight against theoutbreak, the strictest isolation measures have been introduced all overthe world, including the lockdown and closure measures, which up to thisdate, have not been entirely lifted. The daily activities of the people havebeen forced to suspend, and more importantly, the production activitieshave been halted, which has seriously affected the global economy. Sofar, the priority of the governments around the world is still to combat theoutbreak. Although the central banks of various countries have introducedmassive bailout measures to boost the weak economy, it is believedthat the global economy can only gradually recover after the outbreak iscontained and demand rises. 1,510.8 Crown International Corporation LimitedAnnual Report 2024/20256Chairman’s Report(Continued)The Group’s property development project Golden Beach No. 1 project(the “Golden Beach No. 1 Project”) located in Weihai, Shandong, thePRC is originally expected to be completed in full in the fourth quarter of2020. However, affected by the outbreak of coronavirus, the constructionprogress was substantially delayed. The current expected completiontime for the project will be delayed to 2026/2027. The Golden Beach No.1 Project will have a total of approximately 195,000 square metres of thegross floor area with over 1,600 apartment suites and 360 car parkingspaces. Among which, approximately 130,000 square metres of the grossfloor area will be available for sale as serviced apartments.According to a report issued by the independent valuer engaged by theGroup, based on (among other things) the current property price levels inWeihai, the aggregate market value of the whole project including servicedapartments, hotel and related retail premises and car-parking spaces isvalued at approximately RMB808 million at the current stage. The Groupbelieves that the Weihai property will become a new source of income andgenerate stable cash flow for the Group.In prior years, the Group launched a new bus