东京中央拍卖二零二五年年度报告

CONTENTS目錄Biographical Details of Directors and Senior ManagementNotes to the Consolidated Financial Statements Corporate Information2Chairman’s Statement5Management Discussion and Analysis924Corporate Governance Report38Environment, Social and Governance Report61Reports of the Directors101Independent Auditor’s Report120Consolidated Statement of Profit or Loss andOther Comprehensive Income131Consolidated Statement of Financial Position133Consolidated Statement of Changes in Equity135Consolidated Statement of Cash Flows136137Five-Year Financial Summary248 TOKYO CHUO AUCTION HOLDINGS LIMITEDAnnual Report 20252CORPORATE INFORMATION公司資料DIRECTORSExecutive DirectorsMr. Ando Shokei (alias Liao Xianggui)(resigned on 20 June 2025)Mrs. Ando Eri (alias Feng Huijin)(resigned on 20 June 2025)Mr. Katsu Bunkai (alias Ge Wenhai)(resigned on 20 June 2025)Mr. Sun Hongyue (resigned on 20 June 2025)Mr. Huang Shikun (appointed on 30 May 2025)Mr. Huang Shifeng (appointed on 30 May 2025)Ms. Qian Yuanyuan (appointed on 30 May 2025)Mr. Tong Jun (appointed on 30 May 2025)Non-executive directorsMr. Li Jiefeng (appointed on 30 May 2025)Mr. Zheng Haoran (appointed on 30 May 2025)Independent Non-executive DirectorsMr. Chung Kwok Mo John (resigned on 20 June 2025)Ms. Lam Suk Ling Shirley (resigned on 20 June 2025)Mr. Chun Chi Man (resigned on 20 June 2025)Professor He Jia (appointed on 30 May 2025)Professor Hu Zuohao (appointed on 30 May 2025)Mr. Leung Ting Yuk (appointed on 30 May 2025)COMPANY SECRETARYMr. Chak Chi ShingAUDIT COMMITTEEMs. Lam Suk Ling Shirley (resigned on 20 June 2025)Mr. Chung Kwok Mo John (resigned on 20 June 2025)Mr. Chun Chi Man (resigned on 20 June 2025)Mr. Leung Ting Yuk(chairman of the audit committee)(re-designated on 20 June 2025)Mr. Li Jiefeng (re-designated on 20 June 2025)Professor He Jia (re-designated on 20 June 2025) 2025恵20252025 62062020256 2020256 2020255 3020255 3020255 3020255 3020255 3020255 3020256 2020256 2020256 2020255 3020255 3020255 3020256 2020256 2020256 2062020256 2020256 20 東 京中央 拍賣控 股有限 公司恵2025620202562020256 20202562020256 20 REMUNERATION COMMITTEEMr. Chung Kwok Mo John (resigned on 20 June 2025)Ms. Lam Suk Ling Shirley (resigned on 20 June 2025)Mr. Chun Chi Man (resigned on 20 June 2025)Mrs. Ando Eri (resigned on 20 June 2025)Professor He Jia(chairman of the remuneration committee)(re-designated on 20 June 2025)Mr. Huang Shikun (re-designated on 20 June 2025)Professor Hu Zuohao (re-designated on 20 June 2025)NOMINATION COMMITTEEMr. Ando Shokei (resigned on 20 June 2025)Mr. Chung Kwok Mo John (resigned on 20 June 2025)Ms. Lam Suk Ling Shirley (resigned on 20 June 2025)Mr. Chun Chi Man (resigned on 20 June 2025)Mr. Huang Shikun(chairman of the nomination committee)(re-designated on 20 June 2025)Ms. Qian Yuanyuan (re-designated on 20 June 2025)Professor He Jia (re-designated on 20 June 2025)Professor Hu Zuohao (re-designated on 20 June 2025)Mr. Leung Ting Yuk (re-designated on 20 June 2025)CORPORATE GOVERNANCE COMMITTEEMr. Chun Chi Man (resigned on 20 June 2025)Mr. Ando Shokei (resigned on 20 June 2025)Mr. Chung Kwok Mo John (resigned on 20 June 2025)Ms. Lam Suk Ling Shirley (resigned on 20 June 2025)Professor Hu Zuohao(chairman of the corporate governance committee)(re-designated on 20 June 2025)Professor He Jia (re-designated on 20 June 2025)Mr. Huang Shifeng (re-designated on 20 June 2025)AUTHORISED REPRESENTATIVESMr. Ando Shokei (resigned on 20 June 2025)Mr. Chak Chi ShingMs. Qian Yuanyuan (appointed on 20 June 2025)AUDITORHLB Hodgson Impey Cheng LimitedPRINCIPAL BANKERSHongkong and Shanghai Banking Corporation LimitedSumitomo Mitsui Banking Corporation 20256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 2020256 20 TOKYO CHUO AUCTION HOLDINGS LIMITEDAnnual Report 20254Corporate InformationPRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, AdmiraltyHong KongREGISTERED OFFICERoom 2601, 26/F Wing On CentreNo. 111 Connaught Road CentralHong KongHEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN JAPAN2/F and 3/F, Kyobashi-Square3–7–5 Kyobashi, Chuo-kuTokyoJapanCORPORATE WEBSITEwww.chuo-auction.com.hkSTOCK CODE1939 16171112626013–7–5Kyobashi-Square 23www.chuo-auction.com.hk1939 東 京中央 拍賣控 股有限 公司331 DEAR SHAREHOLDERSOnbehalf of the board(the“Board”)of directors(the“Directors”)of Tokyo Chuo Auction Holdings Limited(the“Company”,together with its subsidiaries,collectively,the“Group”),I would like to present the annual report of theCompany for the year ended 31 March 2025 (the “ReportingPeriod”).Weare a well-recognised auction house of Chinese andJapanese artworks in Hong Kong and Japan. We specialise inauctioneeringa wide variety of artworks with emphasis onChineseand Japanese artworks,including Chinese paintingsand calligraphies, Chinese antiques and Japanese and Chineseteawares. With over ten years of operating experienc