Financial Performance - As of December 31, 2022, the company recorded a total comprehensive loss of HKD 134.2 million[11]. - The financial performance for the year ended December 31, 2022, is detailed in the annual report, specifically in the "Management Discussion and Analysis - Financial Review" section[52]. - For the fiscal year ended December 31, 2022, the company reported a total comprehensive loss of HKD 134.2 million, which included administrative expenses of HKD 71.5 million and transaction costs of HKD 62.2 million related to redeemable Class A shares[78]. - The basic and diluted loss per share for the year was HKD 4.54[90]. - The company has not generated any revenue for the year ended December 31, 2022[7]. - The company has not generated any earnings during the reporting period, reflecting its status as a special purpose acquisition company[110]. Assets and Liabilities - As of December 31, 2022, the company's non-current assets (in the form of restricted bank deposits) were HKD 1,000.7 million, while current assets were HKD 16.6 million[12]. - The company's cash and cash equivalents increased to HKD 16.6 million as of December 31, 2022, compared to zero as of December 31, 2021[13]. - As of December 31, 2022, the company's restricted bank deposits amounted to HKD 1,000.7 million, compared to zero as of December 31, 2021, indicating a significant increase due to funds raised from the company's issuance[96]. - As of December 31, 2022, the company had accrued expenses and other payables amounting to HKD 37.5 million, primarily related to deferred underwriting commissions[85]. - The company incurred transaction costs of HKD 62.2 million related to redeemable Class A shares for the year ended December 31, 2022[9]. Corporate Governance - The company has established a robust governance structure with various committees overseeing audit, remuneration, and nominations[64]. - The board of directors is required to rotate and seek re-election at the annual general meeting, with one-third of the serving directors retiring each year[116]. - The audit committee's primary responsibilities include overseeing the company's financial reporting and reviewing financial information[120]. - The company has adopted a board diversity policy to ensure a balance of skills, experience, and diverse perspectives among its directors[125]. - The board is committed to ensuring that its members possess the necessary skills, experience, and diverse perspectives for the company's sustainability[129]. Strategic Focus - The company is actively seeking and evaluating potential SPAC acquisition targets, incurring due diligence and other expenses[4]. - The company has made steady progress in identifying potential acquisition targets that could provide significant growth and long-term value for shareholders[1]. - The company aims to focus on potential acquisition targets in Asia, particularly in technology-enabled sectors such as green energy and advanced manufacturing[74]. - The company is focused on strategic acquisitions and investments in sectors with significant growth potential, particularly in the new economy and healthcare industries[38][49]. - The company has not announced any specific acquisition targets and has not generated any operational revenue as of the report date[87]. Compliance and Risk Management - The company has not established any forward foreign exchange contracts to hedge against foreign exchange risks[53]. - The company has no internal audit function to independently review the adequacy and effectiveness of its risk management and internal control systems[134]. - The company has implemented a whistleblowing policy allowing directors and senior management to report concerns about any improper matters anonymously[135]. - The company has adopted an internal information disclosure policy to guide the handling of confidential information and ensure strict prohibition of unauthorized access to insider information[136]. - The company has not identified any significant uncertainties that may cast doubt on its ability to continue as a going concern[137]. Environmental and Social Responsibility - The company has a zero-tolerance policy towards any form of discrimination and harassment, aiming to create a safe and inclusive workplace[155]. - The company utilizes video conferencing to reduce unnecessary travel, thereby minimizing energy consumption and emissions[153]. - The company has not encountered any significant violations related to emissions or waste generation during the reporting period due to the absence of operational activities[180]. - The company has implemented measures for waste management, including double-sided printing and recycling initiatives[185]. - The company prohibits any form of illegal employment, including child labor, and conducts identity checks during employee onboarding[187]. Shareholder Engagement - The company encourages shareholder participation in annual meetings and provides necessary information for informed decision-making[176]. - The company does not intend to pay cash dividends before the completion of the special purpose acquisition company transaction[47]. Financial Reporting - Aquila Acquisition Corporation's financial statements were audited and include the balance sheet as of December 31, 2022, and the income statement for the year ended on that date[200]. - The financial report includes comprehensive income statements and cash flow statements, highlighting the company's financial position[200]. - The annual report for 2022 indicates key performance indicators segmented by region, specifically the number of suppliers[197].
AQUILA ACQ-Z(07836) - 2022 - 年度财报