域高国际控股2023/2024年报

CONTENTS 24614226190106113 CORPORATE INFORMATIONSTATEMENT FROM THE CHAIRMANMANAGEMENT DISCUSSION AND ANALYSISBIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENTENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTCORPORATE GOVERNANCE REPORTDIRECTORS’ REPORTINDEPENDENT AUDITOR’S REPORTCONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OF FINANCIAL POSITIONCONSOLIDATED STATEMENT OF CHANGES IN EQUITYCONSOLIDATED STATEMENT OF CASH FLOWSNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFIVE-YEAR FINANCIAL SUMMARY 114116117119223 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. HUI Pui Sing(Chairman)Ms. TONG Man WahMr. HUI Yip Ho Eric(Chief Executive Officer)Mr. KONG Man Ho Non-executive DirectorMr. WONG Chun Man Independent non-executive Directors Mr. LEUNG Ho ChiMr. CHAN Ching SumMs. NG Wing Sze Vince AUDIT COMMITTEE Mr. LEUNG Ho Chi(Chairman)Mr. CHAN Ching SumMs. NG Wing Sze Vince REMUNERATION COMMITTEE Mr. LEUNG Ho Chi(Chairman)Mr. HUI Yip Ho EricMs. NG Wing Sze Vince NOMINATION COMMITTEE Mr. HUI Pui Sing(Chairman)Mr. LEUNG Ho ChiMr. CHAN Ching Sum AUTHORISED REPRESENTATIVES Mr. HUI Yip Ho EricMr. KONG Man Ho COMPANY SECRETARYMs. CHAN Sze Ting(FCG, HKFCG) (FCG, HKFCG) REGISTERED OFFICE Third Floor, Century Yard, Cricket SquareP.O. Box 902, Grand Cayman, KY1–1103Cayman Islands Third Floor, Century Yard, Cricket SquareP.O. Box 902, Grand Cayman, KY1–1103Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 1011D Unit D, 11/F, Billion Plaza IINo. 10 Cheung Yue StreetCheung Sha Wan, Hong Kong HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Tricor Services (Cayman Islands) LimitedThird Floor, Century Yard, Cricket SquareP.O. Box 902, Grand Cayman, KY1–1103Cayman Islands Tricor Services (Cayman Islands) LimitedThird Floor, Century Yard, Cricket SquareP.O. Box 902, Grand Cayman, KY1–1103Cayman Islands AUDITOR Prism Hong Kong and Shanghai LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorUnits 1903A-1905, 8 Observatory RoadTsim Sha Tsui, KowloonHong Kong 81903A-1905 PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedChong Hing Bank Limited STOCK CODE1621 1621 COMPANY WEBSITE www.vicointernational.hk www.vicointernational.hk STATEMENT FROM THE CHAIRMAN Dear Shareholders, On behalf of the board (the “Board”) of directors (the“Directors” and each a “Director”) of Vico InternationalHoldings Limited (the “Company”), I am pleased to present theannual report of the Company and its subsidiaries (collectively,the “Group”) for the year ended 31 March 2024 (the “CurrentPeriod”). 1,595,100,00048,300,000 In 2023, the Group successfully maintained stable operationsin the sales of diesel, lubricant oil, and fleet card services inHong Kong, benefiting from the gradual economic recoveryand increased logistics demand following the reopening of theChina border. After a comprehensive assessment of marketdemand and careful consideration of social consumptiontrends and economic restructuring in Hong Kong, the Groupstrategically resumed domestic trading volumes of diesel.Under the current business strategies, the Group achieved atotal revenue of approximately HK$1,595.1 million and a grossprofit of approximately HK$48.3 million this year. However, as we look forward to 2024 and 2025, we mustacknowledge the economic uncertainties that lie ahead. HongKong’s economic landscape presents several challenges,including reduced consumer spending and a sluggish propertymarket. These factors have created a complex businessenvironment that demands a strategic and cautious approach. Despite these challenges, the business prospects for ourGroup remain cautiously optimistic. We anticipate fluctuations indemand for petrochemical products, especially in the industrialand commercial sectors. To navigate these uncertainties,we will continue to focus on product quality and exceptionalcustomer service, which have been the cornerstones of oursuccess. We are committed to adapting to the changing marketconditions and seizing opportunities that align with our long-term growth strategy. Our resilience and proactive measureswill enable us to maintain our competitive edge and deliversustainable value to our shareholders. STATEMENT FROM THE CHAIRMAN On behalf of the Board, I would like to extend my heartfeltgratitude to our employees for their unwavering dedication, ourcustomers for their continued support, and our shareholdersfor their trust in our vision. Together, we will strive to overcomethe challenges and achieve greater milestones in the comingyears. Thank you for your ongoing support. HUI Pui SingChairman Hong Kong, 25 June 2024 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW (i)(ii)(iii) The Group is principally engaged in the distribution of third-party branded petrochemical