荣丰集团亚洲二零二五年报

ANNUAL REPORT2025 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 the decisionto 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 of Hong Kong Limited take no responsibility forthe contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liabilitywhatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the directors (the “Directors”) of Wing Fung Group Asia Limited (the “Company”) collectively andindividually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange (the “GEM Listing Rules”) for the purpose of giving information with regardto the Company and its subsidiaries (collectively, the “Group”). The Directors, having made all reasonable enquiries,confirm that to the best of their knowledge and belief the information contained in this report is accurate and completein all material respects and not misleading or deceptive, and there are no other matters the omission of which wouldmake any statement herein or this report misleading. GEM GEM GEMGEMGEM GEMGEM CONTENTS Corporate Information3Chairman’s Statement5Management Discussion and Analysis7Corporate Governance Report15Environmental, Social and Governance Report38Biographical Details of Directors and Senior Management57Report of Directors63Independent Auditor’s Report76Consolidated Statement of Comprehensive Income84Consolidated Statement of Financial Position85Consolidated Statement of Changes in Equity87Consolidated Statement of Cash Flows88Notes to the Consolidated Financial Statements89Financial Summary168 CORPORATE INFORMATION BOARD OF DIRECTORS Executive DirectorsMr. Chung Chi Keung(Chairman)Ms. Lai Suk Fan Independent Non-executive Directors Mr. Choy Hiu Fai EricMr. Lei ForMr. Lai Wai Ming(resigned on 27 June 2025)Mr. Chan King Lun(appointed on 27 June 2025) COMPANY SECRETARYMr. Law Pak Hin Edward COMPLIANCE OFFICERMr. Chung Chi Keung AUTHORISED REPRESENTATIVESMr. Chung Chi KeungMr. Law Pak Hin Edward AUDIT COMMITTEE Mr. Choy Hiu Fai Eric(Chairman)Mr. Lei ForMr. Lai Wai Ming(resigned on 27 June 2025)Mr. Chan King Lun(appointed on 27 June 2025) REMUNERATION COMMITTEE Mr. Lai Wai Ming(resigned on 27 June 2025)Mr. Chan King Lun(Chairman) (appointed on 27 June 2025) Mr. Chung Chi KeungMr. Choy Hiu Fai Eric NOMINATION COMMITTEE Mr. Lei For(Chairman)Mr. Chung Chi Keung(resigned on 27 June 2025)Ms. Lai Suk Fan(appointed on 27 June 2025) Mr. Lai Wai Ming(resigned on 27 June 2025)Mr. Chan King Lun(appointed on 27 June 2025) AUDITORForvis Mazars CPA Limited CORPORATE INFORMATION REGISTERED OFFICE P. O. Box 500Suite 210, 2nd FloorWindward IIIRegatta Office ParkGrand CaymanKY1-1106Cayman Islands P. O. Box 500Suite 210, 2nd FloorWindward IIIRegatta Office ParkGrand CaymanKY1-1106Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 1B21 D Unit D, 21/F., Tower BBillion Centre1 Wang Kwong RoadKowloon Bay, KowloonHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Appleby Global Services (Cayman) LimitedP. O. Box 500Suite 210, 2nd FloorWindward IIIRegatta Office ParkGrand CaymanKY1-1106Cayman Islands Appleby Global Services (Cayman) LimitedP. O. Box 500Suite 210, 2nd FloorWindward IIIRegatta Office ParkGrand CaymanKY1-1106Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS China Construction Bank Corporation Macau BranchNanyang Commercial Bank, Limited www.wingfunggroup.com WEBSITE ADDRESSwww.wingfunggroup.com 8526 STOCK CODE8526 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board of Directors (the “Board”) of the Company, Ihereby present the audited financial statements of the Group for theyear ended 31 December 2025 (the “Relevant Period”). REVIEW AND RESULTS The Group is principally engaged as a subcontractor for the provisionof supply, installation and fitting-out services of mechanicalventilation and air-conditioning (“MVAC”) system for various typesof private and public building projects including infr