应力控股年度报告 2024

()Stock code2663(incorporated in the Cayman Islands with limited liability) Contents目 錄 2Corporate Information4Chairman’s Statement5Management Discussion and Analysis12Biography of Directors and Senior Management15Corporate Governance Report23Directors’ Report37Independent Auditor’s Report43Consolidated Statement of Comprehensive Income44Consolidated Statement of Financial Position45Consolidated Statement of Changes in Equity46Consolidated Statement of Cash Flows48Notes to the Consolidated Financial Statements123Financial Summary CORPORATE INFORMATION公 司 資 料 董事會（「董事會」） BOARD OF DIRECTORS (THE “BOARD”) 執行董事 Executive Directors Mr. Yip Pak Hung(Chairman)Mr. Wai Yat Kin(Chief Executive Officer) 獨立非執行董事 Independent Non-Executive Directors Ms. Lai Pik Chi, PeggyMr. Lam Chi Wai, PeterDr. Yeung Kit Ming 審核委員會 AUDIT COMMITTEE Ms. Lai Pik Chi, Peggy(Chairman)Mr. Lam Chi Wai, PeterDr. Yeung Kit Ming 提名委員會 NOMINATION COMMITTEE Dr. Yeung Kit Ming(Chairman)Ms. Lai Pik Chi, PeggyMr. Lam Chi Wai, Peter 薪酬委員會 REMUNERATION COMMITTEE Mr. Lam Chi Wai, Peter(Chairman)Ms. Lai Pik Chi, PeggyDr. Yeung Kit Ming 公司秘書 COMPANY SECRETARY Mr. Chan Sun KwongFCPA FCA FCCA FCG HKFCG FCPA FCA FCCA FCG HKFCG 主要銀行 PRINCIPAL BANKERS The Hong Kong and Shanghai BankingCorporation LimitedLevel 10, HSBC Main Building1 Queen’s Road CentralHong Kong 110 Citibank N.A.21/F., Tower 1The Gateway, Harbour CityKowloon, Hong Kong 121 CORPORATE INFORMATION (CONTINUED)公 司 資 料（ 續 ） 註冊辦事處 REGISTERED OFFICE Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman Islands Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman Islands 總部及香港主要營業地點 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 27/F, The Octagon6 Sha Tsui RoadTsuen Wan, New TerritoriesHong Kong 627 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 慤1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 法定代表 AUTHORISED REPRESENTATIVES Mr. Yip Pak HungMr. Chan Sun Kwong 核數師 AUDITOR 11125 BDO LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor25th Floor, Wing On Centre111 Connaught Road CentralHong Kong 公司網站 www.kpa-bm.com.hk COMPANY’S WEBSITE www.kpa-bm.com.hk 股份代號 STOCK CODE 2663 2663 CHAIRMAN’S STATEMENT主 席 報 告 Dear Shareholders, On behalf of the board of directors (“Board”) of KPa-BM HoldingsLimited (the “Company”), I am pleased to present the annual reportof the Company together with its subsidiaries (the “Group”) for theyear ended 31 March 2024 (the “Year” or “FY2024”). 本公司董 事 會本 集 團本 年 度二 零 二 四 財年 Construction activities in the private sector had been affected by thesluggish real estate market and the uncertain economics outlook ingeneral, and we noted less projects being launched and customersbecoming more conscious with project pricing. Faced with worseningoperating conditions, the Group is blessed to have accumulated arelatively diverse customer base and work portfolio and is thereforeless susceptible to downturn in the private property projects.Meanwhile, public sector and government initiated developmentprojects are expected to remain as driving force for the constructionindustry with various infrastructure, civil and community developmentprojects associated with the Lantau Tomorrow, Northern Metropolis,Kai Tak Sports City and Kowloon East CBD development blueprint.The Group has current and proven track records in HighwaysDepartment projects, power generation facility projects, publicrecreational facility projects, etc. and is an advantageous position totake on business opportunities from a wide range of sources. At thesame time, the Group is wary of the tight labour supply andfluctuations in material and transportation costs and will remaincautious and refrain from engaging in excessive price competition.Overall, the Group maintains a cautiously optimistic outlook for itsbusiness in the medium to long term. I would like to take this opportunity to express my respect andappreciation to my fellow Board members, management team, staffmembers for their hard work and dedication. I would also like tothank our suppliers, subcontractors, other business partners and,m o s t i m p o r t a n t l y , o u r s h a r e h o l d e r s a n d c u s t o m e r s f o r t h e i rcontinuous support. The Board is pleased to share the Group’s performance with ourshareholders and recommended the payment of a final dividend ofHK4.0 cents per share. Furthermore, having regards to the reservesof the Company accumulated in the past few years and fundingoutlooks of the Group, the Board also recommended a specialdividend of HK$4.0 cents per share. 4.04.0 On behalf of the Board, 葉柏雄 Yip Pak HungChairman and Executive Director Hong Kong, 24 June 2024 MANAGEMENT DISCUSSION AND ANALYSIS管 理 層 討 論 及 分 析 本 年 度二 零 二 四財年上 年 度二 零二三財年 The Board is pleased to present the annual results of the Group forthe year ended 31 March 2024 (the “Year