宝发控股2024 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 thedecision to 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 on theMain Board and no assurance is given that there will be a liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contentsof this report, make no representation as to its accuracy or completeness and expressly disclaim anyliability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of thecontents of this report. Thisreport,for which the directors(the“Directors”)of Polyfair Holdings Limited(the“Company”)collectively and individually accept full responsibility, includes particulars given in compliance with theRules Governing the Listing of Securities on GEM of the Stock Exchange (the “GEM Listing Rules”) for thepurpose of giving information with regard to the Company. The Directors, having made all reasonableenquiries, confirm that to the best of their knowledge and belief the information contained in this reportis accurate and complete in all material respects and not misleading or deceptive, and there are no othermatters the omission of which would make any statement herein or this report misleading. GEM GEM GEMGEMGEM GEMGEM Contents 84Independent Auditor’s Report93Consolidated Statement of Profit or Loss andOther Comprehensive Income94Consolidated Statement of Financial Position96Consolidated Statement of Changes in Equity97Consolidated Statement of Cash Flows99Notes to the Consolidated FinancialStatements232Financial Summary 2Corporate Information 5Chairman’s Statement 6Management Discussion and Analysis 15Biographical Details of Directors andSenior Management 21Corporate Governance Report 48Environmental, Social and GovernanceReport 70Directors’ Report Corporate Information BOARD OF DIRECTORS Executive Directors 20245 16 Mr. Chow Mo Lam(Chairman)Mr. Yu Lap On Stephen(Chief Executive Officer)Mr. Wong Kam ManMr. Wong Wai Man (appointed on 16 May 2024) Independent non-executive Directors Dr. Lung Cheuk WahMr. Man Yun YeeMr. Wong Chi Yung BOARD COMMITTEES Audit Committee Dr. Lung Cheuk Wah(Chairman)Mr. Man Yun YeeMr. Wong Chi Yung Remuneration Committee Mr. Man Yun Yee(Chairman)Mr. Chow Mo LamMr. Yu Lap On StephenDr. Lung Cheuk WahMr. Wong Chi Yung Nomination Committee Mr. Wong Chi Yung(Chairman)Dr. Lung Cheuk WahMr. Man Yun YeeMr. Chow Mo LamMr. Yu Lap On Stephen AUTHORISED REPRESENTATIVES Mr. Yu Lap On StephenMr. Liu Ying Shun COMPLIANCE OFFICER Mr. Chow Mo Lam JOINT COMPANY SECRETARIES 20245 16 Mr. Liu Ying ShunMr. Tsang King Sun (appointed on 16 May 2024) INDEPENDENT AUDITOR 88 Asian Alliance (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor8/F., Catic Plaza8 Causeway RoadCauseway BayHong Kong LEGAL ADVISER Hong Kong Law Eric Yung & Co. PRINCIPAL BANKERS DBS Bank (Hong Kong) LimitedNanyang Commercial Bank, Ltd.Hang Seng Bank LimitedChina Construction Bank (Asia) Corporation Limited 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 Unit 1206-7, 12th FloorFortress Tower250 King’s RoadNorth PointHong Kong 250121206–7 Corporate Information SHARE REGISTRAR AND TRANSFER OFFICE Cayman Islands Principal Share Registrar andTransfer 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 Branch Share Registrar andTransfer Office 1617 Tricor Investor Services Limited17/FFar East Finance Centre16 Harcourt RoadHong Kong COMPANY WEBSITE www.polyfaircurtainwall.com.hk(information of this website does not form part of this report) www.polyfaircurtainwall.com.hk STOCK CODE 8532 8532 Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”)ofPolyfair Holdings Limited(the“Company”,together with itssubsidiaries,the“Group”),I am pleased to present to you theannual report for the year ended 31 March 2024 (the “ReportingPeriod”). 2024331 REVIEW 20233 31330.796.629.2%20243 31427.3 Thetotal revenue of the Group increased by approximatelyHK$96.6 million or 29.