客思控股2024/25年年报

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate small and mid-sized companies to whicha higher investment risk may be attached than other companies listed on the Stock Exchange. Prospectiveinvestors should be aware of the potential risks of investing in such companies and should make the decisionto invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible to high market volatility than securities traded onthe Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in thesecurities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this annualreport, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for anyloss howsoever arising from or in reliance upon the whole or any part of the contents of this annual report. This annual report, for which the directors (the “Directors” and each a “Director”) of Hephaestus Holdings Limited (the“Company”, together with its subsidiaries, the “Group”) collectively and individually accept full responsibility, includesparticulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the“GEM Listing Rules”) for the purpose of giving information with regard to the Company. The Directors, having madeall reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this annualreport is accurate and complete in all material respects and not misleading or deceptive, and there are no other mattersthe omission of which would make any statement herein or this annual report misleading. GEM GEM GEMGEMGEM GEMGEM CONTENTS Corporate Information2 Chairman’s Statement5 Management Discussion and Analysis7 Corporate Governance Report16 Environmental, Social and Governance Report48 Biographies of Directors and Senior Management105 Directors’ Report108 Independent Auditor’s Report125 Consolidated Statement of Profit or Loss andOther Comprehensive Income135 Consolidated Statement of Financial Position136 Consolidated Statement of Changes In Equity138 Consolidated Statement of Cash Flows139 Notes to the Consolidated Financial Statements141 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Huang Liang(Chairman and Chief Executive Officer)Ms. Yip Hiu Ying Independent Non-executive Directors Mr. Tang Chin TingMs. Tong Yuk Ying YannieMr. Liu Junda (appointed on 27 January 2025)Mr. Lee Man Chun (resigned on 27 January 2025) COMPLIANCE OFFICER Mr. Huang Liang COMPANY SECRETARYMs. Cheng Pui Ling AUTHORISED REPRESENTATIVES Ms. Yip Hiu YingMs. Cheng Pui Ling AUDIT COMMITTEE Mr. Tang Chin Ting(Chairman)Ms. Tong Yuk Ying YannieMr. Liu Junda (appointed on 27 January 2025)Mr. Lee Man Chun (resigned on 27 January 2025) NOMINATION COMMITTEE Mr. Liu Junda(Chairman) (appointed on 27 January 2025)Mr. Tang Chin TingMs. Tong Yuk Ying YannieMr. Lee Man Chun (resigned on 27 January 2025) REMUNERATION COMMITTEE Ms. Tong Yuk Ying Yannie(Chairlady)Mr. Tang Chin TingMr. Liu Junda (appointed on 27 January 2025)Mr. Lee Man Chun (resigned on 27 January 2025) CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1–1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1–1111Cayman Islands HONG KONG SHARE REGISTRAR ANDTRANSFER OFFICE 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong REGISTERED OFFICE Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1–1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1–1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 180161602 Room 1602, 16/FPark Commercial Centre180 Tung Lo Wan RoadCauseway BayHong Kong CORPORATE INFORMATION AUDITOR 122-12414 LIF & Wong CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors14/F., Harbour Commercial Building122-124 Connaught Road CentralHong Kong PRINCIPAL BANKERS Bank of Communications (Hong Kong) LimitedChina CITIC Bank International Limited www.hephaestus.com.hk WEBSITE www.hephaestus.com.hk 8173 STOCK CODE8173 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board of directors (the “Board”) of theCompany, I am pleased to present the annual report of theGroup for the year ended 31 March 2025 (the “Year”). 16.32 8 . 041.7%1.18.67.5 T h e G r o u p r e c o r d e d r e v e n u e o f a p p r o x i m a t e l yHK$16.3 million, representing a year-on-year declineof