万励达2024-2025 年度报告

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCKEXCHANGE”)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 andshould make 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 and no assurance is given that there will be a liquid market in the securities tradedon GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contentsof this report, make no representation as to its accuracy or completeness and expressly disclaim any liabilitywhatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of thisreport.This report, for which the directors of Wan Leader International Limited (the “Company”) collectively andindividually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listingof Securities on the GEM of the Stock Exchange (the “GEM Listing Rules”) for the purpose of giving informationwith regard to the Company and its subsidiaries (together, the “Group”). The directors of the Company (the“Directors”), having made all reasonable enquiries, confirm that, to the best of their knowledge and belief (i)the information contained in this report is accurate and complete in all material respects and not misleading ordeceptive; and (ii) there are no other matters the omission of which would make any statement herein or thisreport misleading.GEMGEMGEMGEMGEMGEMGEM(i)(ii) CONTENTS2-56Management Discussion and Analysis7-20Directors’ and Senior Management’s Biographies21-2728-5758-7374-79Consolidated Statement of Profit or Lossand Other Comprehensive Income80Consolidated Statement of Financial Position81-82Consolidated Statement of Changes in Equity83-84Consolidated Statement of Cash Flows85-86Notes to the Consolidated Financial Statements87-204205-206207-208 2Wan Leader International Limited Annual Report 2024–2025CORPORATE INFORMATIONBOARD OF DIRECTORSExecutive DirectorsMr. Loy Hak Yu Thomas(Chairman)Mr. Zhang Pangfei (retired on 23 September 2024)Ms. Wu Yushan (retired on 23 September 2024)Mr. Yan Ximao (resigned on 30 December 2024)Ms. Qu TianyunNon-executive DirectorsMr. Li Shiu Tong Andrew (appointed on 30 December 2024)Mr. Yau Tung Shing (appointed on 30 December 2024)Independent Non-executive DirectorsMr. Ho Yuk Ming Hugo (resigned on 30 December 2024)Mr. Chow Chi WingMr. Liao Dongqiang (resigned on 22 August 2024)Ms. Lai Pik Chi Peggy (appointed on 22 August 2024 andretired on 23 September 2024)Mr. Tam Chi Ming George (appointed on 9 October 2024)Mr. Wan San Fai Vincent (appointed on 9 October 2024)CHIEF EXECUTIVE OFFICERMr. Liao DaichunAUTHORISED REPRESENTATIVES(for the purpose of the GEM Listing Rules)Mr. Zhang Pangfei (retired on 23 September 2024)Mr. Wong Kok HonMr. Yam Ximao (appointed on 24 September 2024 andresigned on 30 December 2024)Mr. Loy Hak Yu Thomas (appointed on 30 December 2024) GEM COMPANY SECRETARYMr. Wong Kok HonBOARD COMMITTEESAudit CommitteeMr. Tam Chi Ming George(Chairman)(appointed on 9 October2024 and appointed as chairman on 30 December 2024)Mr. Ho Yuk Ming Hugo(Chairman)(resigned on 30 December2024)Mr. Chow Chi WingMr. Liao Dongqiang (resigned on 22 August 2024)Mr. Wan San Fai Vincent (appointed on 9 October 2024)Remuneration CommitteeMr. Wan San Fai Vincent(Chairman)(appointed on 9 October2024)Ms. Lai Pik Chi Peggy(Chairman)(appointed on 22 August 2024and retired on 23 September 2024)Mr. Liao Dongqiang(Chairman)(resigned on 22 August 2024)Mr. Ho Yuk Ming Hugo (resigned on 30 December 2024)Mr. Chow Chi WingMr. Tam Chi Ming George (appointed on 9 October 2024)Nomination CommitteeMr. Loy Hak Yu Thomas(Chairman)Mr. Chow Chi WingMr. Liao Dongqiang (resigned on 22 August 2024)Mr. Tam Chi Ming George (appointed on 9 October 2024)Mr. Wan San Fai Vincent (appointed on 9 October 2024)Ms. Qu Tianyun (appointed on 26 June 2025) 3 Corporate Information (Continued)4Wan Leader International Limited Annual Report 2024–2025AUDITORSFAI (HK) CPA LimitedCertified Public AccountantsLEGAL ADVISERSas to Hong Kong LawsKhoo & Co.PRINCIPAL BANKERSHang Seng Bank LimitedIndustrial and Commercial Bank of China (Asia) LimitedREGISTERED OFFICEP.O. Box 31119,Grand Pavilion,Hibiscus Way,802 West Bay Road,Grand Cayman, KY1-1205,Cayman IslandsHEADQUARTER AND PRINCIPALPLACE OF BUSINESS IN HONG KONGOffice Tower Unit 903,Hutchison Logistics Centre, Terminal 4,Kwai Chung Container Port,18 Container Port Road South,Kwai Chung, New Territories, Hong KongPRINCIPAL SHARE REGISTRARAND TRANSFER OFFICEVistra (