永义国际截至2025年3月31日止年度之年报

2Corporate Information4Financial Highlights5President’s Statement10Management Discussion and Analysis26Biographical Details of Directors28Corporate Governance Report49Directors’ Report63Environmental, Social and Governance Report87Independent Auditor’s Report96Consolidated Statement of Profit or Loss and Other Comprehensive Income99Consolidated Statement of Financial Position101Consolidated Statement of Changes in Equity103Consolidated Statement of Cash Flows106Notes to the Consolidated Financial Statements254Financial Summary255Summary of PropertiesContents 2As of 27 June 202520256 27Corporate InformationEasyknit International Holdings Limited2024/25 Annual ReportBOARD OF DIRECTORSExecutive DirectorsMs. Koon Ho Yan Candy(President and Chief Executive Officer)Ms. Lui Yuk Chu(Vice President)Independent Non-executive DirectorsMr. Tsui Chun KongMr. Lau Chak Hang CharlesMr. Ma Man YuetAUDIT COMMITTEEMr. Tsui Chun Kong(Chairman)Mr. Lau Chak Hang CharlesMr. Ma Man YuetREMUNERATION COMMITTEEMr. Tsui Chun Kong(Chairman)Mr. Lau Chak Hang CharlesMs. Koon Ho Yan CandyNOMINATION COMMITTEEMr. Lau Chak Hang Charles(Chairman)Mr. Tsui Chun KongMs. Koon Ho Yan CandyEXECUTIVE COMMITTEEMs. Koon Ho Yan Candy(Chairman)Ms. Lui Yuk ChuCOMPANY SECRETARYMr. Lee Po WingAUDITORDeloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F, One Pacific Place88 QueenswayHong Kong •8835 3As of 27 June 202520256 27Corporate InformationDavid Norman & Co.Clarendon House2 Church StreetHamilton HM 11Bermuda–483Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria StreetPO Box HM 1179Hamilton HM EXBermudawww.easyknit.com LEGAL ADVISERSAs to Hong Kong law:David Norman & Co.As to Bermuda law:Conyers Dill & PearmanPRINCIPAL BANKERSHang Seng Bank LimitedREGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaPRINCIPAL PLACE OF BUSINESSBlock A, 7th FloorHong Kong Spinners Building, Phase 6481–483 Castle Peak RoadCheung Sha Wan, KowloonHong KongBERMUDA PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICEAppleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria StreetPO Box HM 1179Hamilton HM EXBermudaHONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong KongSTOCK CODE1218WEBSITE ADDRESSwww.easyknit.com 48167A16171218 4Financial HighlightsResultsContinuing operationsRevenue(HK$’000)Gross (loss) profit(HK$’000)Gross profit marginProfit (loss) for the yearattributable to owners of theCompany(HK$’000)Discontinued operationRevenue(HK$’000)Loss for the year attributableto owners of the Company(HK$’000)Continuing and discontinuedoperationsBasic loss per share(HK$)Diluted loss per share(HK$)Assets and LiabilitiesTotal assets(HK$’000)Total liabilities(HK$’000)Net asset value(HK$’000)Net asset value per share(HK$) 5President’s Statement2 0 2 533 1488,489,00020243 31196,421,000292,068,000148.7%3 0 , 6 9 3 , 0 0 03 0 , 6 9 3 , 0 0 01 0 0 %7 1 7 , 6 6 8 , 0 0 0253,235,000(i)(ii)15,568,000228,435,000733,263,000180,124,0009.7110.093.504.20 (iii)(iv) Dear Shareholders,Easyknit International Holdings Limited (the “Company”, togetherwith its subsidiaries, collectively the “Group”) is committedto strategically investing in and developing quality properties,continuing to pursue new long-term growth opportunitiesto strengthen its income base and delivering attractive andsustainable returns to its shareholders.FINANCIAL RESULTSFor the year ended 31 March 2025 (the “Year”), the Group’srevenue from continuing operations amounted to approximatelyHK$488,489,000 as compared with the year ended 31 March2024 (the “Previous Year”) of approximately HK$196,421,000(restated), which represented an increase of approximatelyHK$292,068,000 or approximately 148.7% mainly due to increasein sales of properties. For the Year, the Group’s revenue fromdiscontinued operation amounted to nil as compared with thePrevious Year of approximately HK$30,693,000 (restated), whichrepresented a decrease of approximately HK$30,693,000 or 100%.For the Year, the Group’s consolidated loss attributable to theowner of the Company (the “Shareholder(s)”) was approximatelyHK$717,668,000 as compared with the Previous Year of a loss ofHK$253,235,000 (restated). The increase in net loss was primarilyattributable to, among other things, the loss on deemed disposalof subsidiaries, which was partially offset by (i) the decrease inwrite-down on properties held for sale; (ii) the decrease in losson change in fair value of investment properties; (iii) gain onmodification of terms of convertible note; and (iv) gain on bargainpurchase at date of deemed acquisition of an associate.The consolidated profit from continuing operations for theYear was approximately HK$15,568,000 as compared withloss of approximately HK$228,435,000 (restated) in PreviousYear. The consolidated loss from discontinued operation wasHK$733,263,000, as compared with a loss of appr