绿领控股2023年年报

CORPORATE INFORMATIONCHAIRMAN’S STATEMENTBIOGRAPHICAL DETAILS OF DIRECTORSMANAGEMENT DISCUSSION AND ANALYSISSUMMARY FINANCIAL INFORMATIONREPORT OF DIRECTORSCORPORATE GOVERNANCE REPORTINDEPENDENT AUDITOR’S REPORTCONSOLIDATED STATEMENT OFPROFIT OR LOSSCONSOLIDATED STATEMENT OF PROFIT OR LOSSAND OTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OFFINANCIAL POSITIONCONSOLIDATED STATEMENT OFCHANGES IN EQUITYCONSOLIDATED STATEMENT OF CASH FLOWSNOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSCONTENTS2469262755889394959799101 CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsMr. Tse Michael Nam(Chairman and Chief Executive Officer)Mr. Zhang Sanhuo Independent Non-executive DirectorsMr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong AUDIT COMMITTEE Mr. Ho Kin Cheong, Kelvin(Chairman of the Committee)Mr. Shen WeidongMr. Tian Hong REMUNERATION COMMITTEE Mr. Tian Hong(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen Weidong NOMINATION COMMITTEE Mr. Tse Michael Nam(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong RISK MANAGEMENT COMMITTEE Mr. Tse Michael Nam(Chairman of the Committee)Mr. Ho Kin Cheong, KelvinMr. Shen WeidongMr. Tian Hong COMPANY SECRETARYMs. Chu Ka Ying AUTHORIZED REPRESENTATIVESMr. Tse Michael NamMs. Chu Ka Ying REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda ANNUAL REPORT 202302 CORPORATE INFORMATION HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 88–988812A Unit A, 12/F.Central 8888–98 Des Voeux Road CentralHong Kong PRINCIPAL BANKER 55E1D Bank of Communications (Hong Kong) LimitedShop E1 & Portion of Shop D, G/F.Lee Kee BuildingNo. 55 Ngau Tau Kok Road, KowloonHong Kong LEGAL CONSULTANT 3919 Michael Li & Co.19/F., Prosperity Tower39 Queen’s Road CentralHong Kong AUDITOR 3323 Elite Partners CPA LimitedLevel 23, YF Life Tower33 Lockhart RoadWan Chai, Hong Kong PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Conyers Corporate Services (Bermuda)LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda)LimitedClarendon House2 Church StreetHamilton HM 11Bermuda HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Tengis Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong http://www.greenleader.hk WEBSITEhttp://www.greenleader.hk CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Director(s)”) ofGreen Leader Holdings Group Limited (the “Company”, together withits subsidiaries, collectively known as the “Group”), I am pleased topresent the audited annual results of the Group for the year ended31 December 2023 as well as the prospect of our business portfolio. In 2023, the Group demonstrated remarkable resilience in the face of achallenging macroeconomic environment. Despite the global economicdownturns and the significant influence of government policy, marketdemand, and environmental regulation on the coking coal marketin Shanxi Province (“Shanxi”), the Group stood firm, maintaining itsstability. During the year, the Group concentrated on the coal mining business,mainly developing the Fuchang Mine and Liaoyuan Mine for thecommencement of full construction work, and the coal operationbusiness includes coal processing, the sale of coal products, and theprovision of coal-related services. Both provided a steady cash inflowand a strong foundation for the Group’s financial stability throughoutthe year. T h e P e o p l e’s R e p u b l i c o f C h i n a (“P R C”) i s u n d e r g o i n g a nenvironmental paradigm shift, transitioning to a global leader in the fightagainst climate change. The coal regulatory authorities in Shanxi haveadopted stringent policies and regulations on safety, environmentalprotection, and production control to implement the national safetyprotocol for coal mines as the PRC government pursues its goal ofpromoting ecological civilization. Following the reorganization on 19 January 2024, the Group lostcontrol over its coal mining business and leading to deconsolidation.As a result, the Group’s liabilities have significantly decreased. TheBoard is optimistic about the coal operation business. We aim toincrease our market share by allocating more resources, enhancingour competitive edge, and improving performance at a steady pace.The Group will also explore business opportunities related to thecoal industry, further underlining our commitment to this sector. Wewill actively seeking external facilities and fund raising opportunitiesto improve the overall financial position of the Group and activelygenerate favorable returns for our shareholders. CHAIRMAN’S STATEMENT The Group is ready to build on its accomplishments in 2023 and toattain a better development for the diverse portfolio of the Company.On behalf of the Board and management, I wish to express mysincere gratitude to our clients, business partners, the shareholders(the “S