修身堂2024年度报告

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONGLIMITED (THE “STOCK EXCHANGE”)GEM GEM G E Mh a s b e e n p o s i t i o n e d a s a m a r k e t d e s i g n e d t oaccommodate small and mid-sized companies to which ahigher investment risk may be attached than other companieslisted on the Stock Exchange. Prospective investors shouldbe aware of the potential risks of investing in such companiesand should make the decision to invest only after due andcareful consideration. Given that the companies listed on GEM are generally smalland mid-sized companies, there is a risk that securitiestraded on GEM may be more susceptible to high marketvolatility than securities traded on the Main Board of theStock Exchange and no assurance is given that there will bea liquid market in the securities traded on GEM. GEMGEMGEM Hong Kong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,makes no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoeverarising from or in reliance upon the whole or any part of thecontents of this report. G E MG E M(1)(2) This report, for which the directors (the “Directors”) of SauSan Tong Holdings Limited (the “Company”) collectively andindividually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing of Securitieson GEM of the Stock Exchange (the “GEM Listing Rules”) for thepurpose of giving information with regard to the Company. TheDirectors of the Company, having made all reasonable enquiries,confirm that, to the best of their knowledge and belief: (1) theinformation contained in this report is accurate and complete inall material respects and not misleading or deceptive; and (2)there are no other matters the omission of which would make anystatement herein or in this report misleading. Corporate Profile. . . . . . . . . . . . . . . . . . . . . . . . . . .4Summary of Financial Information of the Group. . . . .6Management’s Statement . . . . . . . . . . . . . . . . . . . . .8Management Discussion and Analysis . . . . . . . . . . . .13Directors and Senior Management Profile. . . . . . . . .37Corporate Governance Report. . . . . . . . . . . . . . . . .40Directors’ Report. . . . . . . . . . . . . . . . . . . . . . . . . . .61Environmental, Social & Governance Report. . . . . . .73Independent Auditor’s Report. . . . . . . . . . . . . . . . . .117Consolidated Statement of Profit or Loss . . . . . . . . . .126Consolidated Statement of Profit or Loss andOther Comprehensive Income. . . . . . . . . . . . . . . .127Consolidated Statement of Financial Position . . . . . . .128Consolidated Statement of Changes in Equity. . . . . .130Consolidated Statement of Cash Flows . . . . . . . . . . .131Notes to the Consolidated Financial Statements. . . .134Summary of Investment Property . . . . . . . . . . . . . . . .257Corporate Information. . . . . . . . . . . . . . . . . . . . . . .258CONTENTS CORPORATE PROFILE GEM8200 Founded in July 2000, Sau San Tong Holdings Limited and itssubsidiaries (the “Group”) have established itself as one of theleading beauty and slimming services providers over the pastyears through the introduction of a series of innovative healthand beauty treatment and products as well as the provision ofthe most professional and superior beauty and slimming solutionto our customers. The Group was listed on GEM of the StockExchange of Hong Kong Limited (Stock Code: 8200) in November2003 and is the first listed beauty and slimming company in HongKong. The Group currently has five beauty and slimming centres in HongKong. These centers are under two brand names “Sau San Tong”(original brand of the Group) and “IPRO” (acquired in 2015). Allthese centers provide unique all-rounded personalized beautyand slimming services, health management and anti-ageingtreatment programs etc.. Combining the effective treatmentsand comprehensive follow up services, all programmes enablecustomers to achieve their desired skin quality, weight and bodyshape in the healthiest manner. The Group has been widely recognized and highly praised for itsoutstanding products and services, the Group was honoured tobe the “Caring Company” many years. P&GSK-IIOlay To further diversify its businesses, the Group has acquired adistribution business in Mainland China in 2005, which distributesP&G’s personal care products in Shanghai, and cosmetic andskin care products with famous brands like SK-II and Olay inthe eastern and western part of Mainland China. With years ofdevelopment, the distribution network is well developed and withthe additions of international famous brands. CORPORATE PROFILE W i t ht h e e x i s t i n g b e a u t y a n d s l i m m i n g b u s i n e s s ,p ro d u c tdistribution business and franchise co-operation business, theGroup is well-equipped to provide the best-in-class services toour customers. In March 2015, the Grou