信铭生命科技年报 2024/25

(Stock Code 股份代號 : 00474)(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司） 2024/25ANNUAL REPORT 年報 Contents 2Corporate Information4Director’s Statement6Management Discussion and Analysis32Biographical Details of Directors and Senior Management35Corporate Governance Report53Report of Directors72Independent Auditor’s Report 76Consolidated Statement of Profit or Loss and OtherComprehensive Income78Consolidated Statement of Financial Position81Consolidated Statement of Changes in Equity83Consolidated Statement of Cash Flows85Notes to the Consolidated Financial Statements228Financial Summary CORPORATE INFORMATION EXECUTIVE DIRECTORS Dr. Zhiliang Ou,J.P. (Australia)Mr. Fok Chi Tak NON-EXECUTIVE DIRECTOR Ms. Jiang Yang (appointed on 3 December 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Chan Ming Sun JonathanMr. Lam Kwan SingMr. Mak Yiu Tong AUDIT COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman of Committee)Mr. Lam Kwan SingMr. Mak Yiu Tong EXECUTIVE COMMITTEE Dr. Zhiliang Ou,J.P. (Australia)Mr. Fok Chi Tak REMUNERATION COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman of Committee)Dr. Zhiliang Ou,J.P. (Australia)Mr. Lam Kwan Sing NOMINATION COMMITTEE Mr. Mak Yiu Tong(Chairman of Committee)Dr. Zhiliang Ou,J.P. (Australia)Mr. Chan Ming Sun JonathanMr. Lam Kwan Sing AUTHORIZED REPRESENTATIVES Dr. Zhiliang Ou,J.P. (Australia)Mr. Fok Chi Tak COMPANY SECRETARY Mr. Siu Chun Pong Raymond LEGAL ADVISER Raymond Siu & Lawyers CORPORATE INFORMATION AUDITOR Moore CPA Limited PRINCIPAL BANKERS Shanghai Commercial Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedNanyang Commercial Bank, Ltd.Bank of China (Hong Kong) LimitedThe Bank of East Asia Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN CAYMAN ISLANDS Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFER OFFICEIN HONG KONG 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road East, Wan ChaiHong Kong REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG 6–8252501–2509 Rooms 2501–2509, 25/FShui On Centre6–8 Harbour Road, WanchaiHong Kong WEBSITE www.acesogrouphk.com www.acesogrouphk.com DIRECTOR’S STATEMENT 20253 31 On behalf of the Board, I am pleased to present the Director’s Statement of AcesoLife Science Group Limited (the “Company”) and its subsidiaries (collectively,the “Group”) for the financial year ended 31 March 2025 (the “Year”). Throughout the Year, the global and local economic conditions remainedhighly uncertain. While the Group’s core business–construction machineryrental–primarily serves the Hong Kong market, the city’s outward-facingfinancial structure has rendered it susceptible to broader economic challenges.Additionally, demand for construction equipment is closely linked to thescale and timeline of infrastructure projects. A slowdown in new large-scaledevelopments, coupled with the completion of several major projects, hasinevitably impacted revenue generation. 18.5% During the Year, revenue from rental and sales of machinery declined by 18.5%,mainly due to the completion of several significant infrastructure undertakingsin prior years, including the Hong Kong International Airport’s third runwayand the Tseung Kwan O–Lam Tin Tunnel. Additionally, the government’s fiscaldeficit in recent years–expected to persist–has led to more prudent infrastructureinvestments, further reducing the utilization rate of the Group’s machinery andsubsequently affecting rental income. The competitive landscape also presents ongoing challenges, with alternativesuppliers offering lower-cost machinery with comparable functionality. In anincreasingly cautious economic environment, customers continue to prioritizecost-effectiveness when selecting equipment, with price considerations oftenoutweighing traditional supplier preferences. Despite these industry headwinds,the Group remains committed to operational resilience, strategic adaptability, andlong-term sustainable growth. 798001,059 On 16 April 2025, the Group received a letter of reservation of rights and ademand letter (both dated 15 April 2025) from the agents of lenders with anaggregate outstanding principal amount of approximately GBP79 million(equivalent to approximately HK$800 million) (the “UK Loan”) as a result ofdefault in repayment in full on the maturity date of 14 April 2025. The UK Loanis secured by the Group’s investment properties located in London, the UnitedKingdom, with a fair value of approximately HK$1,059 million as at 31 Marc