嘉创地产二零二五/二零二六年年报

Contents 2Corporate Information5Key Information for Shareholders7Financial Highlights9Chairman’s Statement22Corporate Governance Report65Senior Management Profile73Report of the Directors98Environmental, Social and Governance Report175Independent Auditor’s Report186Consolidated Financial Statements295Five-Year Financial Summary297Properties Held by the Group Corporate Information REGISTERED OFFICE Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS 611-6199C Block C, 9th FloorSoutheast Industrial Building611–619 Castle Peak RoadTsuen WanNew TerritoriesHong Kong www.krpd.com.hk WEBSITEwww.krpd.com.hk DIRECTORS Executive DirectorsMr. HO Man Chung(Chief Executive Officer)Mr. HO Wai Hon, BrianMs. YIU Yuet FungMr. ZHU Nianhua Non-executive DirectorsMr. HO Cheuk Fai(Chairman)Ms. HO Man Yiu Independent Non-executive DirectorsMr. CHOI Wai HinMr. YAM Chung ShingMs. LEUNG Man Lai, Lily AUDIT COMMITTEEMr. CHOI Wai Hin(Chairman)Mr. YAM Chung ShingMs. LEUNG Man Lai, Lily REMUNERATION COMMITTEEMr. YAM Chung Shing(Chairman)Mr. HO Wai Hon, BrianMr. CHOI Wai Hin NOMINATION COMMITTEE Mr. YAM Chung Shing(Chairman)Mr. CHOI Wai HinMr. HO Wai Hon, BrianMs. LEUNG Man Lai, Lily COMPANY SECRETARYMr. WONG Ho Kwan AUDITOR 1842 Corporate Information LEGAL ADVISER 186 Bird & Bird6/F, The Annex, Central Plaza18 Harbour RoadHong Kong PRINCIPAL BANKERS Hang Seng Bank LimitedThe Bank of East Asia, LimitedAgricultural Bank of China LimitedDongguan Rural Commercial Bank Co., Ltd PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedRooms 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong INVESTOR RELATIONSFor enquiries, please contact: 嫒 Ms. Lam Nok Wun, IsabellaSenior CorporateCommunications Manager 611–6199C Block C, 9th Floor, Southeast Industrial Building611–619 Castle Peak RoadTsuen Wan, New TerritoriesHong Kong (852) 2956 7580ir@krpd.com.hk Tel: (852) 2956 7580Email: ir@krpd.com.hk Key Information for Shareholders Key Information for Shareholders STOCK CODE The Stock Exchange of Hong Kong Limited(the “Stock Exchange”) 2421 Main Board2421 BOARD LOT 2,000 2,000 ordinary shares (the “Share(s)”) of KRP DevelopmentHoldings Limited (the “Company”) SHAREHOLDER SERVICES Any matters relating to your shareholding, such as transferof shares, change of name or address, and loss of sharecertificatesshould be addressed in writing to the HongKong branch share registrar of the Company: 183171712-16(852) 2862-8628(852) 2529-6087 Computershare Hong Kong Investor Services LimitedRooms 1712–6, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong KongTel: (852) 2862–8628Fax: (852) 2529–6087 INVESTOR RELATIONSFor enquiries, please contact: 611-6199C Block C, 9th Floor, Southeast Industrial Building611–619 Castle Peak RoadTsuen Wan, New TerritoriesHong Kong (852) 2956 7580ir@krpd.com.hk Tel: (852) 2956 7580Email: ir@krpd.com.hk Financial Highlights PRINCIPAL BUSINESS AND RESULTS Forthe year ended 31 March 2026,the Group wasprincipallyengaged in property development,propertysales and related assets operation in the People’s RepublicofChina(the“PRC”),with its business primarily focusoncities such as Dongguan,Huizhou and Foshan oftheGuangdong-Hong Kong-Macao Greater Bay Area.Inresponse to the changes in the PRC real estate market inrecent years, the Group has continued to strengthen theoperation of its existing property business, promote projectsales and enhance the efficiency of capital returns, whileatthe same time prudently exploring cultural tourism,cultural and creative consumption and other new sourcesof income in order to broaden our revenue structure andstrengthen the overall business resilience. (1)BUSINESS REVIEW (a)141,226,000181,683,00022%14,874,00020,207,00026% (a)For the year ended 31 March 2026, revenue ofthe Group amounted to RMB141,226,000 (for theyearended 31 March 2025:RMB181,683,000),whichdecreased by approximately 22%ascompared to last year. Profit attributable to theequity shareholders of the Company amountedto RMB14,874,000 (for the year ended 31 March2025:RMB20,207,000),which decreased byapproximately 26% as compared to last year. 1,973,000 Duringthe year,the real estate market inthePRC was still in a stage of adjustmentandbottoming out,with the pace of markettransactions, confidence of property purchasersand price expectations still being affected by themacroeconomic conditions and the de-stockingprocessof the industr y.While maintainingprudentoperations and acceleratin