SMART CITY DEVELOPMENT HOLDINGS LIMITED Construction Projects
No. 16 Bowen Road, Hong Kong
Superstructure Works
Main contractor for one residential house including E&M works
Tai Mong Tsai, Sai Kung, N.T., Hong Kong
(Lot 243 S.A. in DD 252)
Superstructure Works
Main contractor for one residential house including
E&M works
Electrical & Mechanical ("E&M") Engineering Projects
Queen's College
Replacement of Air
Conditioning System
Tuen Mun Children and
Juvenile Home
Replacement of Chillers and
Associated Equipment
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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision 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 that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main 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 for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever 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 Smart City Development Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. 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 complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
Annual Report 2023 1
Contents
CORPORATE INFORMATION
CHAIRMAN'S STATEMENT
MANAGEMENT DISCUSSION AND ANALYSIS
CORPORATE GOVERNANCE REPORT
BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT REPORT OF THE DIRECTORS
INDEPENDENT AUDITOR'S REPORT
AUDITED FINANCIAL STATEMENTS
Consolidated:
Statement of Profit or Loss
Statement of Profit or Loss and Other Comprehensive Income Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS SUMMARY OF FINANCIAL INFORMATION
3
5
7
21
39
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53
59
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64
66
146
BOARD OF DIRECTORS
Executive Directors
Mr. Hung Kenneth
Ms. Lau Po Yee
Independent Non-Executive Directors
Mr. Wong Yuk Lun Alan
Mr. Lam Wai Hung
Ms. Au Shui Ming Anna
BOARD COMMITTEES
Audit Committee
Mr. Lam Wai Hung (Chairman)
Mr. Wong Yuk Lun Alan
Ms. Au Shui Ming Anna
Remuneration Committee
Mr. Wong Yuk Lun Alan (Chairman)
Mr. Lam Wai Hung
Ms. Au Shui Ming Anna
Nomination Committee
Ms. Au Shui Ming Anna (Chairman)
Mr. Wong Yuk Lun Alan
Mr. Lam Wai Hung
Internal Control Committee
Mr. Lam Wai Hung (Chairman)
Mr. Wong Yuk Lun Alan
Ms. Au Shui Ming Anna
Corporate Information
COMPANY SECRETARY
Mr. Yip To Chun
COMPLIANCE OFFICER
Mr. Hung Kenneth
AUTHORISED REPRESENTATIVES
Mr. Hung Kenneth
Mr. Yip To Chun
AUDITOR
Baker Tilly Hong Kong Limited
Level 8
K11 ATELIER King's Road
728 King's Road, Quarry Bay
Hong Kong
LEGAL ADVISERS
Howse Williams
REGISTERED OFFICE
Windward 3, Regatta Office Park
PO Box 1350 Grand Cayman
KY1-1108 Cayman Islands
HEAD OFFICE AND
PRINCIPAL PLACE OF
BUSINESS IN HONG KONG
11th Floor, Nanyang Plaza
No. 57 Hung To Road
Kwun Tong, Kowloon
Hong Kong
Annual Report 2023 3
Attachments
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Disclaimer
Smart City Development Holdings Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 03:56:04 UTC.
