皇冠环球集团2025/2026年报

118 119 121 Corporate Information BOARD OF DIRECTORS Executive DirectorsMr. WEI Zhenming(Chairman)Mr. DENG Jianguo Independent Non-executive Directors Ms. LO Lai Lai SamanthaMs. HU RuixuanMr. WONG Wai Kit EXECUTIVE COMMITTEE Mr. WEI Zhenming(Chairman)Mr. DENG Jianguo AUDIT COMMITTEE Ms. LO Lai Lai Samantha(Chairman)Ms. HU RuixuanMr. WONG Wai Kit REMUNERATION, QUALITY ANDNOMINATION COMMITTEE Ms. HU Ruixuan(Chairman)Ms. LO Lai Lai SamanthaMr. WONG Wai Kit COMPANY SECRETARYMr. LEE Chi Shing, Caesar AUTHORISED REPRESENTATIVES Mr. WEI ZhenmingMr. LEE Chi Shing, Caesar Corporate Information(Continued) REGISTERED OFFICE 26272707 Room 2707, 27th FloorChina Resources Building26 Harbour RoadWanchaiHong Kong SHARE REGISTRARS AND TRANSFEROFFICE 148212103B Boardroom Share Registrars (HK) LimitedRoom 2103B, 21/F., 148 Electric RoadNorth Point, Hong Kong INDEPENDENT AUDITOR 51151510–1517 CCTH CPA LimitedUnit 1510–1517, 15/F.Tower 2, Kowloon Commerce CentreNo. 51 Kwai Cheong RoadKwai ChungNew TerritoriesHong Kong PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedDBS Bank (Hong Kong) LimitedBank of China (Hong Kong) Limited LISTING INFORMATION 72710,000 The Stock Exchange of Hong Kong LimitedOrdinary Shares (Stock Code: 727)Board Lot: 10,000 shares http://www.crown727.com WEBSITE http://www.crown727.com Chairman’s Report On behalf of the board (the “Board”) of directors (the “Directors”) ofCrown International Corporation Limited (the “Company”, together withits subsidiaries, collectively referred to as the “Group”), I am pleasedto present the final results of the Group for the financial year ended 31March 2026 (the “Current Year”). 2,162.270.516.1 As of 31 March 2026, the total assets of the Group reached approximatelyHK$2,162.2 million, and the loss attributable to the shareholders ofthe Company (“Shareholders”) for the Current Year was approximatelyHK$70.5 million, compare to profit attributable to the shareholders ofHK$16.1 million for the financial year ended 31 March 2025 (the “LastYear”). In the Current Year, the Group is principally engaged in the businesses ofproperty investment, property development, provision of comprehensivehealthcare planning and management services and trading and developingof premium white spirit in the People’s Republic of China (the “PRC”). The Group had rights issue of 953,883,000 Shares during the year atSubscription price of HK$0.65 per rights share and total proceeds fromthe rights issue before expenses amounted to HK$620 million. The Grouphas applied the net proceeds from the rights issue for the development ofland. 0.65953,883,000620 The Group’s property development project Golden Beach No. 1 project(the “Golden Beach No. 1 Project” ) located in Weihai, Shandong, thePRC is originally expected to be completed in full in the fourth quarter of2020. However, affected by the outbreak of coronavirus, the constructionprogress was substantially delayed. During the year, the Board proposedto dispose the “Golden Beach No. 1 Project” to an independent thirdparty and the disposal was approved by Shareholders at the ExtraordinaryGeneral Meeting on 2 June 2026. The Board has formed the view that holding the “Golden Beach No. 1Project” would likely result in prolonged capital tie-up, further constructionand holding costs, and heightened uncertainty regarding future cashflowsand value realization. Chairman’s Report(Continued) 784979180 According to a report issued by the independent valuer engaged by theGroup, as at 31 March 2026 based on (among other things) the propertyprice levels in Weihai, the aggregate market value of the whole projectincluding serviced apartments, hotel and related retail premises andcar-parking spaces is valued at approximately RMB784 million. Thedisposal has reduced the Group’s liabilities by RMB979 million and thecash consideration to be received amounted to RMB180 million as tostrengthen the Group’s financial position. 8,72071,200 In Current Year, the Group develops a new phase of land at Shenzhen,Qianhai with total site area of approximately 8,720 sq.m.. The Groupintends to develop the land into two residential towers (“Qianhai Project”)which comprise residential apartments of gross floor area of approximately71,200 sq.m.. During the years, the Group is stable in the business of trading anddeveloping of premium white spirit in China. The white spirit businessprovided the Group sustainable business development opportunity andstable operating cash flow. In order to better reflect the direction of future development of theCompany and the Group, the Board proposed to change the Englishname of the Company from “Crown International Corporation Limited” to“Sinopros Corporation Limited” and to change the Chinese name of theCompany from “” to “”,and the change of Company name has been approved by the shareholdersat the Extraordinary General Meeting on 2 June 2026. Crown International Corporation LimitedSinopros