Earnings and Financial Performance - The company's basic earnings per share for the fifteen months ended March 31, 2024, was calculated based on a profit attributable to owners of approximately HKD 31,860,000, compared to a loss of approximately HKD 126,700,000 for the year ended December 31, 2022[26] - The diluted earnings per share for the fifteen months ended March 31, 2024, was calculated based on a profit attributable to owners of approximately HKD 31,860,000, divided by the adjusted weighted average number of ordinary shares of approximately 11,468,722,000[27] - The company's deferred tax expense for the fifteen months ended March 31, 2024, was HKD (2,411,000), compared to HKD 1,688,000 for the year ended December 31, 2022[24] Trade Receivables and Payables - Trade receivables as of March 31, 2024, amounted to HKD 20,225,000, with a provision for impairment of HKD 60,000, compared to HKD 26,618,000 and HKD 17,000 as of December 31, 2022[28] - Trade payables as of March 31, 2024, amounted to HKD 21,835,000, compared to HKD 31,181,000 as of December 31, 2022[30] - The company's trade receivables aged 0-30 days as of March 31, 2024, amounted to HKD 17,993,000, compared to HKD 24,178,000 as of December 31, 2022[29] - The company's trade payables aged 0-30 days as of March 31, 2024, amounted to HKD 17,532,000, compared to HKD 28,418,000 as of December 31, 2022[30] Dividends and Share-Based Payments - The company did not recommend the payment of a final dividend for the fifteen months ended March 31, 2024, similar to the year ended December 31, 2022[31] - The company's share-based payments to directors and eligible employees for the fifteen months ended March 31, 2024, amounted to HKD 5,399,000, compared to HKD 1,931,000 for the year ended December 31, 2022[25] Share Award Scheme - 74,800,000 shares were awarded to 96 eligible individuals under the Share Award Scheme over a 15-month period[145] - 15,265,450 shares have vested to the grantees during the 15-month period[145] - The total number of shares that can be awarded under the Share Award Scheme is capped at 6% of the total issued shares, which is 630,852,526 shares[145] - The trustee of the Share Award Scheme purchased 5,208,000 shares on the Stock Exchange during the 15-month period[145] - The maximum number of new shares that can be issued under the Share Award Scheme is 3% of the total issued shares, which is 315,426,263 shares[145] - As of January 1, 2023, and March 31, 2024, the total number of shares that can still be awarded under the Share Award Scheme was 383,083,526 shares (3.28% of issued shares) and 340,808,526 shares (2.92% of issued shares), respectively[145] Corporate Governance and Compliance - The company has deviated from certain corporate governance code provisions, including the roles of Chairman and CEO being combined and the Chairman not being subject to retirement by rotation[146][147] - The company has not disclosed detailed remuneration for senior management in its annual report, citing potential negative impacts on future negotiations[147] - The company does not have a dividend policy due to the lack of distributable reserves under Bermuda law[148] - The company temporarily did not comply with GEM Listing Rules from May 3, 2024, to May 13, 2024, due to having only two independent non-executive directors, falling short of the required three. Compliance was restored on May 14, 2024, after appointing a third independent non-executive director[149] - No purchase, sale, or redemption of the company's listed securities occurred during the 15-month period[150] - The company maintained sufficient public float, with at least 25% of the total issued shares held by the public as required by GEM Listing Rules[151] - The company's public float remained above the minimum threshold of 25% of the total issued shares, ensuring compliance with GEM Listing Rules[151] - The company's public float was maintained at or above the required 25% of the total issued shares, in line with GEM Listing Rules[151] Board Composition - The board members of AGTech Holdings Limited include (i) executive directors Mr. Sun Hao and Ms. Hu Taoye; (ii) non-executive directors Mr. Dong Benhong, Ms. Qin Yuehong, Mr. Ji Gang, and Mr. Zou Liang; and (iii) independent non-executive directors Mr. Zou Xiaolei, Mr. Chen Jialiang, and Ms. Ruan Jieming[157] Acquisition and Equity - The company announced its intention to acquire a controlling stake in Ant Bank (Macau), increasing its equity to approximately 51.5%, although the acquisition has not been completed as of the announcement date[33]
亚博科技控股(08279) - 2023 - 年度业绩