客思控股2025/26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 Information2Chairman’s Statement5Management Discussion and Analysis7Corporate Governance Report19Environmental, Social and Governance Report51Biographies of Directors and Senior Management114Directors’ Report117Independent Auditor’s Report134Consolidated Statement of Profit or Loss andOther Comprehensive Income144Consolidated Statement of Financial Position145Consolidated Statement of Changes In Equity147Consolidated Statement of Cash Flows148Notes to the Consolidated Financial Statements150Financial Summary256 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Huang Liang(Chairman and Chief Executive Officer)Ms. Yip Hiu Ying Independent Non-executive Directors Mr. Choi Wan Sang Vincent(appointed on 5 December 2025)Mr. Wong Yan Ming (appointed on 5 December 2025)Mr. Liu JundaMr. Tang Chin Ting (resigned on 5 December 2025)Ms. Tong Yuk Ying Yannie (resigned on 23 October 2025) COMPANY SECRETARY Ms. Cheng Pui Ling AUTHORISED REPRESENTATIVES Ms. Yip Hiu YingMs. Cheng Pui Ling AUDIT COMMITTEE Mr. Choi Wan Sang Vincent(Chairman)(appointed on 5 December 2025)Mr. Liu JundaMr. Wong Yan Ming (appointed on 5 December 2025)Mr. Tang Chin Ting(Chairman)(resigned on 5 December 2025)Ms. Tong Yuk Ying Yannie (resigned on 23 October 2025) NOMINATION COMMITTEE Mr. Liu Junda(Chairman)Mr. Choi Wan Sang Vincent(appointed on 5 December 2025)Mr. Wong Yan Ming (appointed on 5 December 2025)Ms. Yip Hiu Ying (appointed on 5 December 2025)Mr. Tang Chin Ting (resigned on 5 December 2025)Ms. Tong Yuk Ying Yannie (resigned on 23 October 2025) REMUNERATION COMMITTEE Mr. Wong Yan Ming(Chairman)(appointed on 5 December 2025)Mr. Choi Wan Sang Vincent(appointed on 5 December 2025)Mr. Liu JundaMs. Tong Yuk Ying Yannie(Chairlady)(resigned on 23 October 2025)Mr. Tang Chin Ting (resigned on 5 December 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 CODE817