毅兴行2024/2025 年度报告

CONTENTS 2-3Corporate Information4-7Biographies of Directors and Senior Management8-14Chairman’s Statement15-30Report of the Directors31-53Corporate Governance Report54-61Independent Auditor’s Report62Consolidated Income Statement63Consolidated Statement of Comprehensive Income64-65Consolidated Balance Sheet66-67Consolidated Statement of Changes in Equity68-69Consolidated Statement of Cash Flows70-186Notes to the Consolidated Financial Statements187Five-Year Financial Summary188-189Schedule of Principal Properties190-192Company Directory Corporate Information BOARD OF DIRECTORS Executive Directors:HUI Sai Chung(Chairman)HUI Kwok Kwong(Deputy Chairman and Managing Director)NG Chi MingHUI Yan KuenHUI Man WaiHUI Yan Lung, Geoffrey Independent Non-executive Directors:HO Wai Chi, Paul (Resigned on 20th December 2024)CHING Yu LungYU Chi KwongLIU Sau Lai (Appointed on 20th December 2024) COMPANY SECRETARYCHAN Ka Ho AUDIT COMMITTEE HO Wai Chi, Paul(Committee Chairman)(Resigned on 20th December 2024)CHING Yu Lung(Committee Chairman)(Appointed on 20th December 2024)YU Chi KwongLIU Sau Lai (Appointed on 20th December 2024) REMUNERATION COMMITTEE HO Wai Chi, Paul(Committee Chairman)(Resigned on 20th December 2024)CHING Yu Lung(Committee Chairman)(Appointed on 20th December 2024)YU Chi KwongHUI Sai ChungLIU Sau Lai (Appointed on 20th December 2024) NOMINATION COMMITTEE HO Wai Chi, Paul(Committee Chairman)(Resigned on 20th December 2024)CHING Yu Lung(Committee Chairman)(Appointed on 20th December 2024)YU Chi KwongHUI Sai ChungLIU Sau Lai (Appointed on 20th December 2024) CORPORATE GOVERNANCE COMMITTEE HO Wai Chi, Paul(Committee Chairman)(Resigned on 20th December 2024)CHING Yu Lung(Committee Chairman)(Appointed on 20th December 2024)YU Chi KwongLIU Sau Lai (Appointed on 20th December 2024) BANKERS The Hongkong and Shanghai Banking Corporation LimitedChong Hing BankLimitedDah Sing Bank,LimitedHang Seng Bank Limited AUDITOR PricewaterhouseCoopersCertified Public Accountants and Registered PIE Auditor PUBLIC RELATIONS CONSULTANTStrategic Financial Relations Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN HONG KONG 1063 Unit 3, 6th FloorHopeful Factory Centre10 Wo Shing StreetFo Tan, ShatinNew TerritoriesHong Kong PRINCIPAL REGISTRARS (IN BERMUDA) Appleby Global Corporate Services(Bermuda) LimitedCanon’ s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda Appleby Global Corporate Services(Bermuda) LimitedCanon’ s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda BRANCH REGISTRARS (IN HONG KONG) 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong 1047 STOCK CODE1047 https://www.nhh.com.hk WEBSITEhttps://www.nhh.com.hk Biographies of Directors and Senior Management EXECUTIVE DIRECTORS 78 Mr. HUI Sai Chung, aged 78, is the Chairman and a co-founder of the Group.He is responsible for formulating and overseeing the implementation of theGroup’s business strategy. He is also responsible for the marketing and salesfunctions of the Group. He has more than 55 years’ experience in the plasticsindustry. 76 Mr. HUI Kwok Kwong, aged 76, is the Deputy Chairman, Managing Directorand a co-founder of the Group. He is responsible for the overall operationsand administration of the Group. He has more than 55 years’ experience in theplastics industry and he was awarded the Associateship (Plastic Industry) by TheProfessional Validation Council of Hong Kong Industries. 60 Mr. NG Chi Ming, aged 60, is the Technology Development Director of GreaterChina Department and Operations Director of Colorants Business of the Group.He is responsible for developing of plastics colouration, compounding technologyand key accounts in the Greater China market. He holds a Higher Diploma inTextile Chemistry from the Hong Kong Polytechnic (The Hong Kong PolytechnicUniversity’s predecessor). He also holds a Master of Engineering Managementdegree from the University of Technology, Sydney. He joined the Group in 1988and left in 1995. He re-joined the Group in early 1998 and has over 36 years’experience in plastic colouration and plastic injection moulding techniques. 48 Mr. HUI Yan Kuen, aged 48, is the General Manager of Ngai Hing Hong PlasticMaterials (Hong Kong) Limited and is responsible for sales and marketing ofplastic materials in the Group’s trading business. He holds a Bachelor degreein Civil Engineering from Queen’s University, Ontario, Canada and also holds aMaster degree of Business and Administration from The Hong Kong Universityof Science and Technology. He joined the Group in 2004 and has over 20 years’experience in business management, sales & marketing. Mr. HUI Yan Kuen isthe son of Mr. HUI Sai Chung (who is the Chairman of the Company) and thebrother of Mr. HUI Yan Kit (who is the senior manageme