ANNUAL REPORT 年 報 2024 CONTENTS 目錄 | 2 | Company Profile | | --- | --- | | | 公司簡介 | | 3 | Chairman's Statement | | | 主席報告 | | 6 | Management Discussion and Analysis | | | 管理層討論及分析 | | 24 | Corporate Governance Report | | | 企業管治報告 | | 48 | Environmental, Social and Governance Report | | | 環境、社會及管治報告 | | 98 | Biographical Details of Directors and Senior Management | | | 董事及高級管理人員的履歷詳情 | | 107 | Report of the Directors | | | 董事會報告 | | 131 | Independent Auditor's Report | | | 獨立核數師報告書 | | 140 | Consolidated Sta ...

向中國際控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1871) 截至 2024 年 12 月 31 日止年度之全年業績公告 業績 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 CHINA ORIENTED INTERNATIONAL HOLDINGS LIMITED 綜合財務報表附註 截至 2024 年 12 月 31 日止年度 董事會欣然公佈本集團截至 2024 年 12 月 31 日止年度之經審核綜合業績，連同截至 2023 年 12 月 31 日止年度之比較數字，該等比較數字乃摘錄自本公司 2023 年年報所載之本集團經審核綜合財務報表。 專有詞彙及若干技術詞彙具有本公告「釋義及技術詞彙」一段所界定的涵義。「我們」一詞指本公司， 倘文義另有所指，則指本集團。 綜合損益及其他全面收益表 截至 2024 年 12 月 31 日止年度 | | | 2024 | 2023 | | --- | --- | --- | --- | | ...

Course Enrollments and Demand - The total number of course enrollments decreased by 12.4% from 5,404 for the six months ended June 30, 2023, to 4,736 for the six months ended June 30, 2024[14]. - Shun Da School's course enrollments amounted to 511, representing a significant decrease of approximately 40.8% compared to 863 in the same period last year[14]. - Tong Tai School's course enrollments totaled 4,225, reflecting a slight decrease of approximately 7.0% from 4,541 in the previous year[14]. - The demand for driving courses for Large Vehicles, which accounted for approximately 75.0% of total revenue, significantly declined due to adverse market conditions in the logistics industry[14]. - The overall number of course enrollments for standard courses increased by approximately 184.7% from 1,128 to 3,211 due to newly designed driving courses with lower fees[15]. - The decline in course enrollments was attributed to increased competition from existing Small Vehicles driving schools entering the Large Vehicles training sector[12]. - The overall negative growth in trainees was primarily due to a decrease in actual training hours provided during the six months ended June 30, 2024[12]. - The restructuring of training locations contributed to the significant decrease in Shun Da School's enrollments[14]. - The company faced intensified competition in the driving training services market due to ongoing US-China trade tensions[12]. - The overall deterioration in business performance was linked to a decrease in demand for driving courses, particularly for Large Vehicles[12]. Financial Performance - The total revenue for the Group amounted to approximately RMB 18.1 million, representing a decrease of 22.5% from approximately RMB 23.4 million for the six months ended June 30, 2023[18]. - The number of trainees attending driving courses decreased by approximately 12.0% to 5,469 for the six months ended June 30, 2024, down from 6,213 in the same period in 2023[19]. - Revenue from large vehicle driving training services accounted for approximately 75.0% of total revenue, down from 80.2% for the same period in 2023[18]. - Revenue generated from premium courses of large vehicles contributed approximately 20.0% of total revenue, a significant decrease from 79.2% in the same period in 2023[19]. - The overall decrease in revenue was attributed to a reduction in both the number of trainees and the actual training hours[19]. - The company recorded a loss before income tax of approximately RMB 5.3 million for the six months ended 30 June 2024, compared to a loss of approximately RMB 2.7 million for the same period in 2023[25]. - Gross profit decreased by approximately RMB 2.9 million (or 45.9%) from RMB 6.3 million for the six months ended June 30, 2023, to RMB 3.4 million for the six months ended June 30, 2024, with a gross profit margin decline of 8.2 percentage points from 27.1% to 18.9%[25]. - The net loss attributable to the owners of the Company reduced from approximately RMB 3.3 million for the six months ended June 30, 2023, to approximately RMB 2.3 million for the six months ended June 30, 2024, resulting in a net loss margin of 12.9%[25]. Operational Adjustments and Strategies - The company plans to enhance its service offerings and invest in unique teaching simulators to reduce training costs and maintain gross margins amid price competition[24]. - The company is exploring potential acquisitions and partnerships to expand course enrollments, including a cooperation agreement with a technical secondary school in Gansu Province[24]. - The company aims to stabilize economic income by increasing course enrollments through various methods and measures[21]. - The company emphasizes the importance of timely responses to market changes and strategic decisions to optimize training and examination services[24]. Employee and Cost Management - Employee benefit expenses decreased by approximately RMB 1.7 million, or approximately 27.8%, from RMB 6.1 million for the six months ended June 30, 2023, to RMB 4.4 million for the six months ended June 30, 2024[33]. - Cost of services rendered decreased by approximately RMB 2.4 million (or 13.8%) from RMB 17.1 million to RMB 14.7 million, mainly due to reduced employee benefit expenses and other costs[30]. - Selling and marketing expenses decreased by approximately RMB 0.1 million, or approximately 7.8%, from RMB 1.0 million for the six months ended June 30, 2023, to RMB 0.9 million for the six months ended June 30, 2024[41]. - Administrative expenses decreased by approximately RMB 0.3 million, or approximately 4.3%, from RMB 6.7 million for the six months ended June 30, 2023, to RMB 6.4 million for the six months ended June 30, 2024[42]. Share Capital and Financing - The Company raised approximately HK$7.2 million from a Rights Issue, with net proceeds after expenses amounting to approximately HK$6.1 million[53]. - The issued share capital of the Company after the Rights Issue comprises 435,958,192 Shares of HK$0.01 each[54]. - The Company intends to apply the net proceeds from the Rights Issue for the partial repayment of outstanding bank borrowings[53]. - The Group's bank balances and cash decreased from approximately RMB 152.4 million as at 31 December 2023 to approximately RMB 150.6 million as at 30 June 2024, with a current ratio of 2.34 as of 30 June 2024[52]. Market and Competitive Landscape - The driving training services market has seen a continuous increase in the number of driving schools since the regulatory changes in the third quarter of 2021, intensifying competition[22]. - The company faced challenges in course enrollments due to increased competition from new driving schools and price reduction strategies adopted by some competitors, leading to a decrease in overall economic benefits in the driving training industry[21]. Future Plans and Investments - The Company plans to acquire a parcel of land and construct training fields to increase training capacity, with expected completion by the end of December 2024[66]. - The Company intends to recruit and train 40 new driving instructors, with an allocated budget of HK$10.4 million, of which HK$7.5 million has been utilized[63]. - The Company has not anticipated any changes to the intended use of net proceeds as previously disclosed in the Prospectus[64].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Oriented International Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1871） 截至2024年6月30日止六個月之中期業績公告 業績 董事會欣然公佈本集團截至2024年6月30日止六個月之未經審核綜合中期業績，連 同截至2023年6月30日止六個月之比較數字。專有詞彙及若干技術詞彙具有本公告 「釋義及技術詞彙」一段所界定的涵義。「我們」一詞指本公司，倘文義另有所指， 則指本集團。 1 簡明綜合損益及其他全面收益表 | --- | --- | --- | --- | |-----------------------------------------------------|-------|--------------------------------|--------------| | | | 截至以下日期止六個月 \n2024 年 ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Annual Report 年報 2023 Stock Code 股份代號：1871 2 Company Profile 公司簡介 3 Chairman's Statement 主席報告 7 Management Discussion and Analysis 管理層討論及分析 24 Corporate Governance Report 企業管治報告 49 Environmental, Social and Governance Report 環境、社會及管治報告 102 Biographical Details of Directors and Senior Management 董事及高級管理人員的履歷詳情 111 Report of the Directors 董事會報告 134 Independent Auditor's Report 獨立核數師報告書 143 Consolidated Statement of Profit or Loss and ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Oriented International Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1871） 截至2023年12月31日止年度之全年業績公告 業績 董事會欣然公佈本集團截至2023年12月31日止年度之經審核綜合業績，連同截至 2022年12月31日止年度之比較數字，該等比較數字乃摘錄自本公司2022年年報所 載之本集團經審核綜合財務報表。專有詞彙及若干技術詞彙具有本公告「釋義及 技術詞彙」一段所界定的涵義。「我們」一詞指本公司，倘文義另有所指，則指本集 團。 綜合損益及其他全面收益表 截至2023年12月31日止年度 | | | 2023年 | 2022年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 4 | 39,884 | 47,734 | | 已提供服務成本 | | ( ...

2 Company Profile 公司簡介 3 Management Discussion and Analysis 管理層討論及分析 25 Disclosure of Interest 權益披露 28 Corporate Governance and Other Information 企業管治及其他資料 32 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive (Loss)/Income 簡明綜合損益及其他全面（虧損）╱收益表 33 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 35 Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 37 Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 39 Notes to the Condensed Consolidated Financial ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Oriented International Holdings Limited （於開曼群島註冊成立的有限公司） 1871 （股份代號： ） 2023 6 30 截至 年 月 日止六個月之中期業績公告 業績 2023 6 30 董事會欣然公佈本集團截至 年 月 日止六個月之未經審核綜合中期業績，連 2022 6 30 同截至 年 月 日止六個月之比較數字。專有詞彙及若干技術詞彙具有本公告 「釋義及技術詞彙」一段所界定的涵義。「我們」一詞指本公司，倘文義另有所指， 則指本集團。 ...

| 2 | Company Profile | | --- | --- | | | 公司簡介 | | 3 | Chairman's Statement | | | 主席報告 | | 5 | Management Discussion and Analysis | | | 管理層討論及分析 | | 22 | Corporate Governance Report | | | 企業管治報告 | | 47 | Environmental, Social and Governance Report | | | 環境、社會及管治報告 | | 102 | Biographical Details of Directors and Senior Management | | | 董事及高級管理人員的履歷詳情 | | 112 | Report of the Directors | | | 董事會報告 | | 135 | Independent Auditor's Report | | | 獨立核數師報告書 | | 142 | Consolidated Statement of Profit or Loss and Other ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Oriented International Holdings Limited （於開曼群島註冊成立的有限公司） 1871 （股份代號： ） 2022 12 31 截至 年 月 日止年度之全年業績公告 業績 2022 12 31 董事會欣然公佈本集團截至 年 月 日止年度之經審核綜合業績，連同截至 2021 12 31 2021 年 月 日止年度之比較數字，該等比較數字乃摘錄自本公司 年年報所 載之本集團經審核綜合財務報表。 綜合損益及其他全面收益表 2022 12 31 截至 年 月 日止年度 2022 2021 年 年 附註 人民幣千元 人民幣千元 4 47,734 67,151 收益 (36,433) (44,488) 已提供服務成本 11,301 22,663 毛利 6 1,602 2,595 其他收入及虧損，淨額 – 40 ...