環球戰略集團：二零一八年年報.pdf

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1、GLOBAL STRATEGIC GROUP LIMITED 環 球 戰 略 集 團 有 限 公 司Annual Report 年報 2018 Annual Report年報環球戰略集團有限公司2018(Incorporated in the Cayman Islands with limited liability)(Stock Code 股份代號:8007)GLOBAL STRATEGIC GROUP LIMITED環球戰略集團有限公司（於開曼群島註冊成立之有限公司）GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年

2、報 1香港聯合交易所有限公司（聯交所）GEM特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他老練投資者。由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED(THE“STO

3、CK 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 s

4、hould make the decision to invest only after due and careful consideration.The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.Given that the companies listed on GEM are generally small and mid-sized compani

5、es,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.Global Strategic_B_AR.indb 131/3/2019 1:10 AM2GLOBAL STRATEGIC GROU

6、P LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報目錄Contents Financial Highlights財務撮要3Corporate Information企業資訊4CEOs Statement行政總裁報告7Management Discussion and Analysis管理層討論及分析9Biographical Details of Directors and Senior Management董事及高級管理層的履歷17Report of the Directors董事報告23Corporate Governance Report企業管治報告40

7、Independent Auditors Report獨立核數師報告50Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表58Consolidated Statement of Financial Position綜合財務狀況表60Consolidated Statement of Changes in Equity綜合股本權益變動表62Consolidated Statement of Cash Flows綜合現金流動表63Notes to the Consolidated F

8、inancial Statements綜合財務報表附註66Five-Year Financial Summary五年財務概要220Global Strategic_B_AR.indb 231/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報財務撮要Financial Highlights 3As at 31 December 20182017201620152014於十二月三十一日 二零一八年二零一七年二零一六年二零一五年二零一四年HK$000HK$000HK$000HK$000HK$00

9、0千港元千港元千港元千港元千港元 Results業績 Revenue收益108,71649,74936,379217,06825,865 Loss虧損(88,431)(39,998)(39,189)(81,455)(10,571)Loss per share每股虧損Basic(in HK cents)基本（港仙）(5.89)(2.94)(0.62)(2.07)(0.33)(restated)(restated)（經重列）（經重列）Financial Position財務狀況 Non-current assets非流動資產488,312516,382457,03857,2753,446 Curr

10、ent assets流動資產65,60517,12425,69526,48634,758 Current liabilities流動負債61,90351,16953,7653,2441,063 Non-current liabilities非流動負債134,599261,230206,611 Equity權益357,415221,107222,35780,51737,141Financial Ratios財務比率 Current assets/Current liabilities流動資產流動負債1.10.30.5833 Assets/Equity資產權益1.52.42.21.01.0 Glo

11、bal Strategic_B_AR.indb 331/3/2019 1:10 AM4GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業資訊Corporate Information於二零一九年三月二十八日 As at 28 March 2019執行董事張端亭（行政總裁）吳國明龍文明陳華良韓磊平獨立非執行董事關倩兒梁傲文孫志軍黃玉君公司秘書陳恒規章主任張端亭法定代表張端亭審核委員會梁傲文（主席）關倩兒孫志軍黃玉君人力資源及薪酬委員會 孫志軍（主席）梁傲文關倩兒黃玉君提名委員會孫志軍（主席）梁傲文關倩兒黃玉君EXEC

12、UTIVE DIRECTORSCheung Tuen Ting(Chief Executive Officer)Wu GuomingLong WenmingChen HualiangHan LeipingINDEPENDENT NON-EXECUTIVE DIRECTORSKwan Sin YeeLeung Oh Man,MartinSun Zhi JunHuang Yu JunCOMPANY SECRETARYChan Hank,DanielCOMPLIANCE OFFICERCheung Tuen TingAUTHORISED REPRESENTATIVESCheung Tuen Ting

13、AUDIT COMMITTEELeung Oh Man,Martin(Chairman)Kwan Sin YeeSun Zhi JunHuang Yu JunHUMAN RESOURCES AND REMUNERATION COMMITTEESun Zhi Jun(Chairman)Leung Oh Man,MartinKwan Sin YeeHuang Yu JunNOMINATION COMMITTEESun Zhi Jun(Chairman)Leung Oh Man,MartinKwan Sin YeeHuang Yu JunGlobal Strategic_B_AR.indb 431/

14、3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業資訊Corporate Information於二零一九年三月二十八日 As at 28 March 20195註冊辦事處Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands香港主要辦事處香港灣仔告士打道80號15樓主要往來銀行中國銀行（香港）有限公司中國農業銀行湖北枝江農村商業銀行法律顧問李智聰律師事務所核數師羅申美會計師事務所香港銅鑼灣恩平

15、道二十八號利園二期二十九字樓主要股份過戶登記處 The R&H Trust Co.Ltd.Windward 1Regatta Office Park PO Box 897Grand Cayman KY1-1103Cayman IslandsREGISTERED OFFICECricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman IslandsPRINCIPAL OFFICE IN HONG KONG15/F80 Gloucester RoadWan ChaiHong KongPRINCIPAL BANKERSBank

16、 of China(Hong Kong)Ltd.Agricultural Bank of ChinaHubei Zhijiang Rural Commercial BankLEGAL ADVISERMichael Li&CoAUDITORRSM Hong Kong29/F,Lee Garden Two28 Yun Ping RoadCauseway BayHong KongPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEThe R&H Trust Co.Ltd.Windward 1Regatta Office Park PO Box 897Grand

17、Cayman KY1-1103Cayman IslandsGlobal Strategic_B_AR.indb 531/3/2019 1:10 AM6GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業資訊Corporate Information於二零一九年三月二十八日 As at 28 March 2019股份過戶登記香港分處 卓佳秘書商務有限公司香港皇后大道東183號合和中心22樓企業網址.hkGEM股份代號8007查詢或索取資料香港灣仔告士打道80號15樓電子郵件：.hkHONG KONG BRANCH SH

18、ARE REGISTRAR AND TRANSFER OFFICETricor Secretaries LimitedLevel 22,Hopewell Centre183 Queens Road EastHong KongCOMPANY WEBSITE.hkSTOCK CODE ON GEM8007INFORMATION AND ENQUIRIES15/F80 Gloucester RoadWan ChaiHong Konge-mail:.hkGlobal Strategic_B_AR.indb 631/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED

19、 環球戰略集團有限公司 ANNUAL REPORT 2018 年報行政總裁報告CEOs Statement 7致各位股東：本人謹代表環球戰略集團有限公司（本公司）董事（董事）會（董事會）欣然呈報本公司及其附屬公司（統稱 本集團）截至二零一八年十二月三十一日止年度之經審核業績，敬請各位閱覽。經營業績於回顧年度，天然氣業務的發展雖然限制於限氣政策，但同時受惠於中國推行煤改氣的步伐，宜昌工業園區對天然氣需求急速上升，帶動其分部收益大幅增加至約為42,147,000港元（二零一七年：7,906,000港元）。商品貿易業務之分部收益約為64,529,000港元（二零一七年：41,843,000港元）。於

20、二零一八年內開展的鋼支撐軸力伺服系統之租賃業務之分部收益約為2,040,000港元。電子商貿整合及特設應用技術顧問業務分部（目前分類為已終止經營業務）於二零一八年錄得分部收益約為21,000港元，而二零一七年則約為636,000港元。經進一步考慮企業支出、財務成本及若干其他支出後，本集團於二零一八年錄得本公司擁有人應佔虧損淨額約為70,595,000港元，相比二零一七年約為33,225,000港元。未來展望在二零一八年中美貿易戰展開，市場氣氛不明朗的背景下，本集團未來將面臨諸多挑戰。本集團管理層將迎接該等挑戰並將繼續改善本集團所有當前業務分部的營運效率，尤其是著重發展於二零一八年度開展鋼支撐軸

21、力伺服系統之租賃業務，以及於二零一九年第一季新開拓之化工商品貿易業務，逐步推進商品物聯網服務。同時，本集團將嚴謹地透過併購、業務合併及擴張尋求新的潛在增長機會，以維持本集團之增長及盈利能力。Dear Shareholders,On behalf of the board(the“Board”)of directors(the“Directors”)of Global Strategic Group Limited(the“Company”),I am hereby pleased to present the audited results of the Company and its sub

22、sidiaries(collectively referred as,the“Group”)for the year ended 31 December 2018 for your review.RESULTS OF OPERATIONSFor the year under review,although the development of the natural gas business was limited to the gas restriction policy,but also benefited from the pace of Chinas implementation of

23、 coal to gas,the demand for natural gas in the Yichang industrial area increased rapidly,which driving its segment revenue hugely increased to approximately HK$42,147,000(2017:HK$7,906,000).The segment revenue of the commodities trading business is approximately HK$64,529,000(2017:HK$41,843,000).The

24、 segment revenue of the leasing business of the steel support axial force servo system launched in 2018 is approximately HK$2,040,000.The technical consultation on e-commerce integration and application customisation business segment,currently classified as discontinued operations,segment revenue at

25、 approximately HK$21,000 in 2018 as compared with approximately HK$636,000 in 2017.After further considering the corporate expenses,finance costs and certain other expenses,the Group recorded a net loss attributable to owners of the Company of approximately HK$70,595,000 in 2018 against that of appr

26、oximately HK$33,225,000 in 2017.FUTURE OUTLOOKIn the backdrop of the market uncertainties by the US-China trade war from 2018,the Group will face number of challenges ahead.The management of the Group will embrace those challenges and will continue to optimise the operation efficiency in all Groups

27、current business segments,in particular emphasizing the development of the leasing business of steel support axial force servo system launched in 2018,and the newly developed chemical commodity trading business in the first quarter of 2019 for developing the services of commodities network step by s

28、tep.Meanwhile,the Group will look for new potential growth opportunities in a very diligent manner through merger&acquisition,business integration and expansion in order to sustain the growth and profitability of the Group.Global Strategic_B_AR.indb 731/3/2019 1:10 AM8GLOBAL STRATEGIC GROUP LIMITED

29、環球戰略集團有限公司 ANNUAL REPORT 2018 年報行政總裁報告CEOs Statement 致謝本人謹藉此機會，代表本公司董事會向全體員工及董事致以衷心謝意，感謝他們的辛勞付出，同時向我們的所有客戶、債權人、商業合作伙伴及股東致謝，感謝他們對本公司的支持。同時，我們熱烈歡迎吳國明先生自二零一八年四月起擔任執行董事。我們將秉承有效的管理策略，捕捉市場趨勢和機遇，矢志為股東創造更高價值，為社區作出新貢獻。張端亭行政總裁二零一九年三月二十八日ACKNOWLEDGEMENTHere,on behalf of the Board of the Company,I hereby wish t

30、o extend my gratitude for the hard work contributed by all staff and the Directors,as well as the support to the Company from all our customers,creditors,business partners and the shareholders.At the same time,we welcome Mr.Wu Guoming who acts as executive director since April 2018.We will adhere to

31、 proven management strategy,grasp market trend and opportunities,and endeavor to bring greater value to our shareholders and make new contribution to the community.Cheung Tuen TingChief Executive Officer28 March 2019Global Strategic_B_AR.indb 831/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限

32、公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis 9財務及業務回顧於回顧年度，本集團將電子商貿整合及特設應用解決方案及技術顧問業務（資訊科技解決方案）視為已終止經營業務。其收益於二零一八年跌至約21,000港元，而二零一七年約為636,000港元。由於上述變動，本集團之持續經營業務於二零一八年錄得收入約為108,716,000港元，相比二零一七年約為49,749,000港元，二零一八年毛利約為6,048,000港元，相比二零一七年約為2,573,000港元，以及二零一八年虧損淨額約為82,911,000港元，相

33、比二零一七年約為38,492,000港元。已終止經營業務於二零一八年錄得虧損淨額約為5,520,000港元，相比二零一七年約為1,506,000港元。本集團的表現分析包括商品貿易業務、天然氣管道供應業務及租賃業務的收益及業績（分配作公司開支前），載於綜合財務報表附註11分類資料。於二零一八年，買賣銅之商品貿易業務產生約64,529,000港元的收益，而二零一七年則約為41,843,000港元。於二零一八年，本集團之天然氣及管道安裝服務銷售額約為42,147,000港元，而截至二零一七年十二月三十一日止年度約為7,906,000港元。於二零一八年間，宜昌標典已開始向大部份意向客戶供應天然氣，本公

34、司將密切監察宜昌標典的銷售業務，並將繼續有效貫徹天然氣管道發展及建設規劃。於二零一八年九月，本集團開展鋼支撐軸力伺服系統之租賃業務，截至二零一八年十二月三十一日止年度，產生約2,040,000港元的收益。FINANCIAL AND BUSINESS REVIEWFor the year under review,the Group regarded the solutions and technical consultation on e-commerce integration and application customisation business(“IT Solutions”)as

35、discontinued operation.Its revenue decreased to approximately HK$21,000 in 2018 as compared with approximately HK$636,000 in 2017.As a result of the above changes,the continuing operations of the Group recorded revenue of approximately HK$108,716,000 in 2018 as compared with approximately HK$49,749,

36、000 in 2017,gross profit of approximately HK$6,048,000 in 2018 against approximately HK$2,573,000 in 2017 and net loss of approximately HK$82,911,000 in 2018 as compared to approximately HK$38,492,000 in 2017.The discontinued operation recorded a net loss of approximately HK$5,520,000 in 2018 as com

37、pared with approximately HK$1,506,000 in 2017.Analysis on the performance of the Group including revenue and results of commodities trading business,supplying of natural gas pipeline business and leasing business before allocation of the corporate overheads is set out in note 11“Segment Information”

38、to the consolidated financial statements.The trading of copper in commodities trading business was generated revenue of approximately HK$64,529,000 in 2018 as compared to approximately HK$41,843,000 in 2017.The Group generated sales of natural gas and pipeline installation services of approximately

39、HK$42,147,000 in 2018 as compared to approximately HK$7,906,000 for the year ended 31 December 2017.In 2018,Yichang Biaodian has begun to supply natural gas to most of intended customers and the Company will monitor closely the sales operation of Yichang Biaodian and will continue to implement the d

40、evelopment and construction plan of natural gas pipeline in an efficient manner.The Group has launched its leasing business of the steel support axial force servo system in September 2018,and generated revenue of approximately HK$2,040,000 for the year ended 31 December 2018.Global Strategic_B_AR.in

41、db 931/3/2019 1:10 AM10GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis The total operating expenses for the year ended 31 December 2018 was approximately HK$88,839,000 as compared to approximately HK$44,087,000 in 2017,representing an increas

42、e of 101.5%which was due to increase in finance costs of approximately HK$20,000,000 and share option expenses of approximately HK$5,358,000.Finance costs of the Group were approximately HK$25,697,000 for the year ended 31 December 2018(31 December 2017:approximately HK$5,670,000),which represented

43、the imputed interest expense on non-current interest free loan from a related party and non-controlling shareholders of the Company and adjustment by early repayment.Loss for the year ended 31 December 2018 was increased by 121.10%to approximately HK$88,431,000,compared with loss of approximately HK

44、$39,998,000 for the year ended 31 December 2017.The increase in loss for the year ended 31 December 2018 was mainly due to increase in finance costs of approximately HK$20,000,000.LIQUIDITY,FINANCIAL RESOURCES AND CAPITAL STRUCTUREThe Groups operation is being financed by internally generated cashfl

45、ow,bank borrowings and external financing.The Group follows a policy of prudence in managing its working capital.The management will continue to closely monitor the financial position of the Group to maintain its financial capacity.Grant of Share OptionsOn 18 January 2018 and 9 October 2018,the Boar

46、d announced to resolve to grant share options(the“Options”)to certain individuals(the“Grantees”)to subscribe for a total of 12,400,000 and 37,200,000 ordinary shares of HK$0.025 each in the share capital of the Company respectively,subject to acceptance of the Grantees,under the share option scheme

47、adopted by the Company on 30 November 2012 and the payment of HK$1 by each of the Grantees upon acceptance of the Options.The equity-settled share option expenses for the year ended 31 December 2018 was approximately HK$7,804,000(2017:HK$2,446,000).截至二零一八年十二月三十一日止年度的總營運開支約為88,839,000港元，二零一七年則約為44,08

48、7,000港元，增加101.5%，乃由於財務成本增加約20,000,000港元及購股權開支約5,358,000港元所致。本集團截至二零一八年十二月三十一日止年度之財務成本約為25,697,000港元（二零一七年十二月三十一日：約5,670,000港元），其為本公司關連方及非控股股東所提供非即期免息貸款之推定利息開支以及提早還款所引致的調整。截至二零一八年十二月三十一日止年度之虧損增加121.10%至約88,431,000港元，而截至二零一七年十二月三十一日止年度則虧損約39,998,000港元。截至二零一八年十二月三十一日止年度之虧損增加乃主要由於財務成本增加約20,000,000港元所致。流

49、動資金、財務資源及資本架構本集團透過內部產生之現金流量、銀行借貸及外部融資以撥付營運所需資金。本集團管理營運資本時採納審慎政策。管理層將持續密切監察本集團之財務狀況，以維持其財務實力。授出購股權於二零一八年一月十八日及二零一八年十月九日，董事會宣佈議決根據本公司於二零一二年十一月三十日採納之購股權計劃向若干個別人士（承授人）授出購股權（購股權），以分別認購合共12,400,000及37,200,000股本公司股本中每股面值0.025港元之普通股，惟須待承授人接納後，方可作實，而各承授人須於接納購股權時支付1港元。截至二零一八年十二月三十一日止年度之以股權結算的購股權開支約為7,804,000港

50、元（二零一七年：2,446,000港元）。Global Strategic_B_AR.indb 1031/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis 11於二零一八年二月十三日及二零一八年四月十日，合共1,000,000及400,000份購股權 分 別 按0.556港 元 之 價 格 獲 行 使，故 於二零一八年四月十日之已發行股份合共為1,132,400,000股。股份合併於二零一八年十月十六日，董

51、事會建議將每五股每股面值為0.005港元之已發行及未發行股份合併為一股每股面值為0.025港元之合併股份。股份合併已於二零一八年十一月十六日舉行之股東特別大會上獲本公司股東批準，並已於二零一八年十一月十九日生效。應付一間附屬公司之非控股股東及其關連方款項於二零一八年十二月三十一日，應付湖北標典天然氣有限公司（湖北標典）及其附屬公司以及熊崧淦先生（熊先生）及其控制實體之款項分別約為20,397,000港元及19,253,000港元，而於二零一七年分別約為134,939,000港元及41,765,000港元。湖北標典擁有宜昌標典41%股權，而熊先生為湖北標典之控股股東。年內本公司上述非控股股東作出

52、之墊款已用作宜昌標典之資本支出。On 13 February 2018 and 10 April 2018,total in 1,000,000 and 400,000 share option respectively,were exercised at the price of HK$0.556,resulting in a total of 1,132,400,000 issued shares as at 10 April 2018.Share ConsolidationOn 16 October 2018,the Board proposed to consolidate every

53、 five issued and unissued share of HK$0.005 each into one consolidated share of HK$0.025 each.The share consolidation was approved by the Companys shareholders at the extraordinary general meeting on 16 November 2018 and became effective on 19 November 2018.Amounts due to non-controlling shareholder

54、s of a subsidiary and its related partiesAs at 31 December 2018,the amounts due to Hubei Biaodian Natural Gas Co.,Ltd(“Hubei Biaodian”)and its subsidiary and Mr.Xiong Songgan(“Mr.Xiong”)and his controlled entities were approximately HK$20,397,000 and HK$19,253,000 respectively,when comparing approxi

55、mately HK$134,939,000 and HK$41,765,000 in 2017 respectively.Hubei Biaodian owns 41%of Yichang Biaodian and Mr.Xiong is the controlling shareholder of Hubei Biaodian.The advance made by the above non-controlling shareholders of the Company during the year was used for Yichang Biaodians capital expen

56、diture purpose.Global Strategic_B_AR.indb 1131/3/2019 1:10 AM12GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis Bank BorrowingsThe bank borrowings assigned RMB17,000,000(equivalent to HK$19,358,000)carry an interest at a variable rate,with an

57、effective interest rate of 8.01%per annum.The remaining of the unutilised bank loan has been used up at the beginning of the year of 2018.The bank borrowings are guaranteed and pledged with several properties owned by Mr.Xiong,his spouse and certain companies held and controlled by him.As at 31 Dece

58、mber 2018,(a)the Groups aggregate amount of bank and cash balances was approximately HK$2,297,000(as at 31 December 2017:approximately HK$7,069,000).(b)the Groups total borrowings comprised(i)amounts due to non-controlling shareholders of a subsidiary and its related parties;(ii)amount due to a shar

59、eholder of the Company;and(iii)bank borrowings,(iv)amount due to directors;(v)non-convertible bonds;and(vi)convertible bond designated at fair value thought profit or loss totalling approximately HK$98,046,000(as at 31 December 2017:HK$208,059,000).(c)the Groups total gearing ratio was approximately

60、 36%(as at 31 December 2017:187%).The gearing ratio was calculated as the Groups total borrowings divided by total equity attributable to owners of the Company.(d)the current ratio of the Group was approximately 1.1(as at 31 December 2017:approximately 0.3).The management will continue to closely mo

61、nitor the financial position of the Group to maintain its financial capacity.銀行借貸銀 行 借 貸 人 民 幣17,000,000元（相 當 於19,358,000港元）按浮動利率計息，實際利率為每年8.01%。於二零一八年初，未動用銀行貸款餘額已被完全動用。銀行借貸由熊先生、其配偶以及彼所持有及控制的若干公司所擁有的多間物業作擔保及抵押。於二零一八年十二月三十一日，(a)本 集 團 之 銀 行 及 現 金 結 餘 總 額 約 為2,297,000港元（於二零一七年十二月三十一日：約7,069,000港元）。(b)本

62、集團之借貸總額包括(i)應付一間附屬公司之非控股股東及其關連方款項；(ii)應付本公司股東款項；及(iii)銀行借貸；(iv)應付董事款項；(v)不可換股債券；及(vi)指定按公平值計入損益之可換股債券，合共約98,046,000港元（於二零一七年十二月三十一日：208,059,000港元）。(c)本集團之總資產負債比率約為36%（於二零一七年十二月三十一日：187%）。資產負債比率按本集團之借貸總額除以本公司擁有人應佔權益總額計算。(d)本集團之流動比率約為1.1（於二零一七年十二月三十一日：約0.3）。管理層將持續密切監察本集團之財務狀況，以維持其財務實力。Global Strategic

63、_B_AR.indb 1231/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis 13資金籌集及所得款項用途發行可換股債券根據本公司於二零一八年五月三日訂立之認購協議，本公司於二零一八年六月四日向一名個人認購人發行本金總額為20,000,000港元之可換股債券（債券）。債券賦予持有人權利於初步發行日期第二週年當日前任何時間按每股本公司股份0.54港元之初步兌換價將債券轉換為本公司普通股。債券按每年10%計息

64、。債券發行之所得款項淨額（扣除開支後）約為17,214,000港元。發行債券產生之所得款項淨額已用作本集團之一般營運資金。根據一般授權配售股份於二零一八年六月二十一日，本公司與華業證券有限公司（配售代理）訂立配售協議，據此，配售代理同意按盡力基準向獨立第三方配售最多合共120,000,000股本公司每股面值為0.025港元之新普通股（總面值為3,000,000港元）（配售股份），價格為每股配售股份0.355港元。聯交所於二零一八年六月二十一日（即配售協議日期）所報之收市價為每股0.425港元。向不少於六名獨立承配人配售全部111,040,000股配售股份已於二零一八年七月十三日完成，並已籌集所

65、得款項淨額（扣除有關配售傭金、專業費用及所有有關開支後）約38,280,000港元，有關金額擬用於發展太陽能光伏發電及用作本集團之一般營運資金。根據日期為二零一八年九月二十一日之更改所得款項用途公佈，鑑於國家發展和改革委員會、財政部及國家能源局於二零一八年五月三十一日發佈之政府政策，本集團將不會繼續進行大陽能光伏發電項目。本公司已議決將用作太陽能光伏發電項目之所得款項約25,000,000港元悉數用於償還本公司之尚未償還借貸。於二零一八年十二月三十一日，約25,000,000港元已用於償還借貸。CAPITAL RAISING AND USE OF PROCEEDSIssue of Conver

66、tible BondPursuant to subscription agreements entered into by the Company on 3 May 2018,the Company issued convertible bond with aggregate principal amount of HK$20,000,000(“Bond”),to an individual subscriber on 4 June 2018.The Bond entitled the holder to convert them into ordinary shares of the Com

67、pany at an initial conversion price of HK$0.54 per share of the Company at any time before the two anniversary date of the initial issue date.The Bond bears interests at 10%per annum.The net proceeds of the Bond issue,after deduction of expenses,were approximately HK$17,214,000.The net proceeds aris

68、ing from the issuance of Bond were applied for general working capital of the Group.Placing of shares under general mandateOn 21 June 2018,the Company entered into a placing agreement with Grand China Securities Limited(the“Placing Agent”)under which the Placing Agent agreed to place up to a total o

69、f 120,000,000 new ordinary shares of HK$0.025 each(with a total nominal value of HK$3,000,000)in the Company(the“Placing Shares”)to independent third parties on a best effort basis at a price of HK$0.355 per Placing Share.The closing price as quoted on the Stock Exchange on 21 June 2018,being the da

70、te of the placing agreement was HK$0.425 per share.The placing of all 111,040,000 Placing Shares to not less than six independent placees was completed on 13 July 2018 and raised net proceeds,after deducting related placing commission,professional fees and all related expenses,of approximately HK$38

71、,280,000 which were intended to be used for the development of the solar photovoltaic power generation and as the Groups general working capital.According to the announcement of Change in Use of Proceeds dated 21 September 2018,because of the government policy published by National Development and R

72、eform Commission,Ministry of Finance and National Energy Administration on 31 May 2018.The Group will no long proceed with solar photovoltaic power generation project.The Company had resolved to apply all of the proceeds with the solar photovoltaic power generation project approximately HK$25,000,00

73、0 towards repayment of the Companys outstanding borrowings.As at 31 December 2018,approximately HK$25,000,000 has been utilised for repayment of borrowings.Global Strategic_B_AR.indb 1331/3/2019 1:10 AM14GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and

74、 Analysis 於二零一八年九月十一日，本公司與潮商證券有限公司（配售代理）訂立配售協議，據此，配售代理同意按盡力基準向獨立第三方配售最多合共60,000,000股本公司每股面值為0.025港元之新普通股（總面值為1,500,000港元）（配售股份），價格為每股配售股份0.5港元。聯交所於二零一八年九月十一日（即配售協議日期）所報之收市價為每股0.51港元。向不少於六名獨立承配人配售全部60,000,000股配售股份已於二零一八年十月二日完成，並已籌集所得款項淨額（扣除有關配售傭金、專業費用及所有有關開支後）約28,933,000港元，有關金額擬用於擴張及發展商品交易業務以及用作本集團之一

75、般營運資金。於二零一八年十二月三十一日，約12,000,000港元已用於擴張及發展商品交易業務。有關上述配售事項之進一步詳情載於本公司日期為二零一八年六月二十一日、二零一八年六月二十九日、二零一八年七月十三日、二零一八年九月十一日、二零一八年九月二十一日、二零一八年九月二十六日及二零一八年十月二日之公佈。附註：股份數目及股份價格已根據於二零一八年十一月十九日生效之股份合併作調整。抵押資產於二零一八年十二月三十一日，本集團並無任何抵押資產（於二零一七年十二月三十一日：無）?；蛉回搨炯瘓F於二零一八年十二月三十一日並無重大或然負債（於二零一七年十二月三十一日：無）。On 11 September

76、2018,the Company entered into a placing agreement with ChaoShang Securities Limited(the“Placing Agent”)under which the Placing Agent agreed to place up to a total of 60,000,000 new ordinary shares of HK$0.025 each(with a total nominal value of HK$1,500,000)in the Company(the“Placing Shares”)to indep

77、endent third parties on a best effort basis at a price of HK$0.5 per Placing Share.The closing price as quoted on the Stock Exchange on 11 September 2018,being the date of the placing agreement was HK$0.51 per share.The placing of all 60,000,000 Placing Shares to not less than six independent placee

78、s was completed on 2 October 2018 and raised net proceeds,after deducting related placing commission,professional fees and all related expenses,of approximately HK$28,933,000 which were intended to be used for the expansion and development of commodities trading business and as the Groups general wo

79、rking capital.As at 31 December 2018,approximately HK$12,000,000 has been utilised for the expansion and development of commodities trading business.Further details of the above placing were set out in the announcements of the Company dated 21 June 2018,29 June 2018,13 July 2018,11 September 2018,21

80、 September 2018,26 September 2018 and 2 October 2018.Note:The number of share and share price have been adjusted pursuant to the share consolidation effective on 19 November 2018.PLEDGE OF ASSETSAs at 31 December 2018,the Group had no pledge of assets(as at 31 December 2017:Nil).CONTINGENT LIABILITI

81、ESThe Group had no material contingent liabilities as at 31 December 2018(as at 31 December 2017:Nil).Global Strategic_B_AR.indb 1431/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion and Analysis 15展望在二零一八年中美貿易戰展開，市場氣氛不明朗的背景下，本集團未來將面臨諸多挑戰。本集團

82、管理層將迎接該等挑戰並將繼續改善本集團所有當前業務分類的營運效率，尤其是著重發展於二零一八年度開展鋼支撐軸力伺服系統之租賃業務，以及於二零一九年第一季新開拓之化工商品貿易業務，逐步推進商品物聯網服務。同時，本集團將嚴謹地透過併購、業務合併及擴張尋求新的潛在增長機會，以維持本集團之增長及盈利能力。報告期間後事項向宜昌市標典天然氣利用有限公司出資於二零一九年一月四日，本公司之間接全資附屬公司香港環球進億投資有限公司與湖北標典天然氣有限公司（湖北標典）及認購人訂立出資協議，據此，認購人同意向宜昌市標典天然氣利用有限公司（宜昌標典）出資總金額人民幣134,695,000元（李萬清先生、宜昌地鉑港能源有

83、限公司（宜昌地鉑）及宜昌美巖能源有限公司（宜昌美巖）分別出資人民幣13,475,000元、人民幣67,347,500元及人民幣53,872,500元）。於完成後，本集團於宜昌標典之權益將由49%攤薄至25%。然而，其仍為本集團之附屬公司，原因為董事之結論為根據與股東訂立之新協議，本集團擁有足夠主導投票權益以指示宜昌標典之相關活動，因此，本集團對宜昌標典擁有控制權。有關該交易之進一步詳情載於本公司日期為二零一九年一月四日之公佈。PROSPECTIn the backdrop of the market uncertainties by the US-China trade war from 20

84、18,the Group will face number of challenges ahead.The management of the Group will embrace those challenges and will continue to optimise the operation efficiency in all Groups current business segments,in particular emphasizing the development of the leasing business of steel support axial force se

85、rvo system launched in 2018,and the newly developed chemical commodity trading business in the first quarter of 2019 for developing the services of commodities network step by step.Meanwhile,the Group will look for new potential growth opportunities in a very diligent manner through merger&acquisiti

86、on,business integration and expansion in order to sustain the growth and profitability of the Group.EVENTS AFTER REPORTING PERIODCapital contribution on Yichang Biaodian Natural Gas Utilization Co.,Ltd.On 4 January 2019,Hong Kong Global Billion Access Investments Limited,an indirect wholly-owned sub

87、sidiary of the Company,entered into the Capital Contribution Agreement with 湖北標典天然氣有限公司(Hubei Biaodian Natural Gas Co.,Ltd.*)(“Hubei Biaodian”)and the Subscribers pursuant to which the Subscribers agreed to make capital contribution in the aggregate amount of RMB134,695,000(as to RMB13,475,000 by Mr

88、.Li Wanqing,RMB67,347,500 by 宜昌地鉑港能源有限公司(Yichang Platinum Port Energy Co.,Ltd.*)(“Yichang Platinum”)and RMB53,872,500 by 宜昌美巖能源有限公司(Yichang Meiyan Energy Co.,Ltd.*)(“Yichang Meiyan”)into 宜昌市標典天然氣利用有限公司(Yichang Biaodian Natural Gas Utilization Co.,Ltd.*)(“Yichang Biaodian”).Upon completion,the Groups

89、 interest in Yichang Biaodian will be diluted from 49%to 25%.However,it remains as a subsidiary of the Group as the Directors concluded that the Group has a sufficiently dominant voting interest to direct the relevant activities of Yichang Biaodian under the new agreements with the shareholders and

90、therefore the Group has control over Yichang Biaodian.Further details regarding the transaction are set out in the Companys announcement dated 4 January 2019.Global Strategic_B_AR.indb 1531/3/2019 1:10 AM16GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報管理層討論及分析Management Discussion a

91、nd Analysis 開拓商品貿易業務之新產品於二零一九年二月二十二日，本公司之全資附屬公司浙江自貿區安鑄能源有限公司（浙江安鑄）與中化石化銷售有限公司（中化石銷）訂立購買合約，據此，浙江安鑄已同意出售，而中化石銷已同意以代價人民幣29,430,000元購買12,000噸甲醇。有關交易之進一步詳情載於本公司日期為二零一九年二月二十七日之公佈。匯率波動風險由於本集團大部份交易、資產及負債均以港元及人民幣計值，因此本集團的外匯風險有限。人力資源及薪酬政策於二零一八年十二月三十一日，本集團僱用50名僱員（二零一七年：42名僱員）。本集團參考市場條款，並按照個別僱員本身的表現、資歷及經驗釐定其薪酬。

92、薪酬包括月薪、業績花紅、退休福利計劃以及醫療計劃及購股權計劃等其他福利。管理層會定期審閱本集團之薪酬政策及福利組合。本公司已成立人力資源及薪酬委員會。董事薪酬乃參照董事的職務、職責及本集團的營運表現而釐定。Exploring new product on Commodities Trading businessOn 22 February 2019,Zhejiang Free Trade Zone Anzhu Energy Co.,Ltd*(“Zhejiang Anzhu”),a wholly-owned subsidiary of the Company,entered into a pur

93、chasing contract with 中化石化銷售有限公司(China Petrochemical Sales Co.,Ltd.*)(“China Petrochemical”),pursuant to which Zhejiang Anzhu has agreed to sell and China Petrochemical has agreed to purchase 12,000 tonnes of methanol at the consideration of RMB29,430,000.Further details regarding the transaction ar

94、e set out in the Companys announcement dated 27 February 2019.*The English translation of Chinese names of the entities are included for information purpose only,and should not be regarded as the official translation of such Chinese names.EXPOSURE TO EXCHANGE RATE FLUCTUATIONSThe Groups foreign curr

95、ency exposure is limited as most of its transactions,assets and liabilities are denominated in Hong Kong dollars and Renminbi.HUMAN RESOURCES AND REMUNERATION POLICYAs at 31 December 2018,the Group employed 50 staff members(2017:42 staff).Remuneration is determined with reference to market terms and

96、 the performance,qualifications and experience of the individual employee.Remuneration includes monthly salaries,performance-linked bonuses,retirement benefits schemes and other benefits such as medical scheme and share option scheme.The Groups remuneration policies and packages are reviewed by mana

97、gement on regular basis.The Company has established a Human Resources and Remuneration Committee.The Directors emoluments are determined with reference to Directors duties,responsibilities and the operating performance of the Group.Global Strategic_B_AR.indb 1631/3/2019 1:10 AMGLOBAL STRATEGIC GROUP

98、 LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management 17執行董事張端亭先生（行政總裁）張端亭先生（張先生），三十七歲，自二零一七年七月二十六日擔任執行董事。張先生於二零零七年於澳洲迪肯大學(Deakin University)獲得商學士學位，主修會計學及金融學。由二零一六年六月至二零一七年六月，張先生亦於Panamax Aktiengesellschaft（在法蘭克福證券交易所上市的公司）出任董事。在此之前，張先生亦由二零一零年七月

99、至二零一二年三月於中國銀行擔任財務策劃經理，由二零零七年七月至二零零九年十月於康宏理財服務有限公司擔任財務顧問，及由二零一二年九月至二零一九年二月於富通保險有限公司擔任財務策劃經理。吳國明先生吳國明先生（吳先生），五十四歲，持有武漢大學工商管理學位、中國石油大學土木工程學位及上海交通大學經濟管理學位。吳先生曾為上海光大建築裝飾工程公司之工程經理及副總經理。自二零零一年起，吳先生一直擔任上海廣大基礎工程有限公司之總經理兼主席。此外，吳先生為中國土木工程學會之理事及中國土木工程學會土力學及巖土工程分會之施工技術專業委員會委員。吳先生於業務管理及建築業務發展方面擁有豐富經驗。EXECUTIVE DI

100、RECTORSMr.Cheung Tuen Ting(Chief Executive Officer)Mr.Cheung Tuen Ting(“Mr.Cheung”),aged 37,has been the executive Director since 26 July 2017.Mr.Cheung obtained a bachelor of commerce degree majoring in accounting and finance from Deakin University Australia in 2007.Mr.Cheung also was the director

101、of Panamax Aktiengesellschaft,a company listed on the Frankfurt Stock Exchange,from June 2016 to June 2017.Prior to that,Mr.Cheung also was a financial planning manager at Bank of China from July 2010 to March 2012,a financial consultant at Convoy Financial Services Limited from July 2007 to October

102、 2009 and a financial planning manager at Ftlife Insurance Company Limited from September 2012 to February 2019.Mr.Wu GuomingMr.Wu Guoming(“Mr.Wu”),aged 54,has been the executive Director since 30 April 2018.He holds a degree in Business Management from Wuhan University,a degree in Civil Engineering

103、 from China University of Petroleum and a degree in Economic Management from Shanghai Jiao Tong University.Mr.Wu was the engineering manager and the deputy general manager at Shanghai Guangda Construction Decoration Engineering Company*（上海光大建築裝飾工程公司）.Since 2001,Mr.Wu has been the general manager and

104、 the chairman of Shanghai Guangda Basic Engineering Co.,Ltd（上海廣大基礎工程有限公司）.Furthermore,Mr.Wu is the director of China Civil Engineering Society（中國土木工程學會）and a construction technology committee member of Chinese Institution of Soil Mechanics and Geotechnical Engineering China Civil Engineering Society

105、（中國土木工程學會土力學及巖土工程分會）.Mr.Wu has vast experience in business management and construction business development.Global Strategic_B_AR.indb 1731/3/2019 1:10 AM18GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management 龍文明先生龍文明先生（龍先生

106、），五十五歲，自二零一八年一月八日起擔任執行董事。龍先生持有天津大學電力及自動化工程學士學位及中華人民共和國電力工業部電力科學研究院工學碩士學位。龍先生現時為合肥博世傑電力技術有限公司之執行董事總經理。彼先前曾擔任國家電力公司之首席經濟師及中國電網建設有限公司之首席經濟師及規劃部總監。龍先生亦曾擔任中國電網建設總公司之規劃部總監。此外，龍先生曾為安徽力源電力發展公司之總經理及安徽省電力工業局之副總監、總監、高級工程師及辦公室主任。龍先生於設計及操作電力系統、規劃新能源發電站及微型電網之能源規劃方面擁有豐富經驗。彼亦於電力系統之系統開發、應用及協調以及項目開發方面擁有經驗。Mr.Long Wen

107、mingMr.Long Wenming(“Mr.Long”),aged 55,has been the executive Director since 8 January 2018.Mr.Long holds a Bachelors Degree in Power and Automation Engineering from Tianjin University and a Masters Degree in Engineering from the Electric Power Research Institute of the Ministry of Power Industry of

108、 the Peoples Republic of China.Mr.Long is currently the executive managing director at Hefei Boshijie Power Technology Co.,Ltd.*（合肥博世傑電力技術有限公司）.He had previously served as a chief economist of the state grid department at State Electric Power Corporation*（國家電力公司）and a chief economist and the supervi

109、sor of the planning department of State Power Grid Development Co.,Ltd.*（中國電網建設有限公司）.Mr.Long also served as the supervisor of the planning department of State Power Grid Development Main Co.,Ltd.*（中國電網建設總公司）.Furthermore,Mr.Long was the general manager of Anhui Power Electric Development Company*（安徽力

110、源電力發展公司）and the deputy director,director,senior engineer and office supervisor at Anhui Province Electric Power Industry Bureau*（安徽省電力工業局）.Mr.Long has vast experience in the design and operation of power systems,planning of new energy power stations and power planning of microgrid.He is also experie

111、nced in systems development,application and coordination of power systems and project development.Global Strategic_B_AR.indb 1831/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management 19陳華良先生陳華良先生（陳先生），四十九歲，自二零

112、一八年一月八日起擔任執行董事。陳先生持有吉林大學金屬材料工程學士學位及北阿拉巴馬大學工商管理碩士學位。陳先生先前曾於江蘇亨通投資控股有限公司擔任投資副總裁。彼曾為融捷投資控股集團有限公司之營運副總裁。陳先生亦曾擔任寧波瑞孚工業集團有限公司之行政副總經理、外貿總部營運副總經理及採購中心總監。此外，彼曾為溫州威爾斯通焊接技術有限公司及常州德而比焊接設備有限公司之總經理。陳先生曾為科沃斯電器有限公司之首席營運官。彼曾為聲威塑膠包裝（上海）有限公司之總經理。此外，陳先生亦曾於共立電子工業（蘇州）有限公司出任代理製造及項目經理。陳先生於產業經營、戰略管理及投資管理方面擁有豐富經驗。彼亦熟悉能源行業，並於

113、組織及進行能源相關項目投資之產業金融業務方面擁有經驗。Mr.Chen HualiangMr.Chen Hualiang(“Mr.Chen”),aged 49,has been the executive Director since 8 January 2018.Mr.Chen holds a Bachelors Degree in Metal Materials Engineering from Jilin University and a Master of Business Administration Degree from The University of North Alabam

114、a.Mr.Chen had previously served as an investment vice president at Jiangsu Hengtong Investment Holdings Limited*（江蘇亨通投資控股有限公司）.He was the vice president of operations of Youngy Investment Holding Group Co.,Ltd.Mr.Chen also served as the administrative deputy general manager,the foreign trade headqua

115、rters operations deputy general manager and the merchandising centre director of Ningbo Ruifu Industry Group Co.,Ltd.*（寧波瑞孚工業集團有限公司）.Furthermore,he was the general manager of Wenzhou Weldstone Welding Equipment Co.,Ltd.*（溫州韋爾斯通焊接技術有限公司）and Changzhou ZAP Welding Equipment Co.,Ltd*（常州德而比焊接設備有限公司）.Mr.C

116、hen was the chief operating officer of ECOVACS Electrical Co.,Ltd.He was the general manager of Soundway Plastic Packaging(Shanghai)Company Limited*（聲威塑膠包裝（上海）有限公司）.Moreover,Mr.Chen was also employed by Gongli Electronic Industrial(Suzhou)Co.,Ltd.*（共立電子工業（蘇州）有限公司）as a manufacturing and project manag

117、er deputy.Mr.Chen has extensive experience in industrial management,strategic management and investment management.He is also familiar with the energy industry and is experienced in the organisation and implementation of the industrial financial business in energy-related projects investment.Global

118、Strategic_B_AR.indb 1931/3/2019 1:10 AM20GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management 韓磊平先生韓磊平先生（韓先生），三十八歲，自二零一八年一月八日起擔任執行董事。韓先生持有天津財經學院金融學士學位及南安普敦大學會計及管理科學社會科學理學碩士學位。彼現時為北京中電融聯新能源科技有限公司之執行董事。韓先生先前曾擔任北京星豐時代投資有限公司之總經

119、理。彼曾為金融街控股股份有限公司（股份代號：000402，一間於深圳證券交易所上市之公司）之財務經理。韓先生亦曾為交通銀行（青島分行）之財務及外匯經理。韓先生於戰略合作及項目管理方面擁有豐富經驗。彼亦熟悉在不同環境中之能源應用，並於項目開發及平臺建設、新能源發電站之協調及微型電網之資源整合方面擁有經驗。獨立非執行董事關倩兒女士關倩兒女士（關女士），五十六歲，自二零一四年十月十六日起擔任獨立非執行董事。關女士在金融財富界多年，身為企業策劃及高級投融顧問，善於人際溝通，是一名資深理財策劃師，累積了不少理財、企業策劃經驗。期間她為多間公司的高管，並建立了廣泛金融領域人脈。關女士為企業策劃管理服務公司

120、滙智策略管理有限公司之董事兼行政總裁。期間她為多間公司的管理人員，並建立了廣泛金融領域關係網。關女士亦是萬立國際體育集團主席兼董事總經理，成立香港國際米蘭青訓學院，主力推動本地足球與體育運動邁向國際化，提倡全民運動，推動體育文化。關女士亦致力於公益活動，現時為香港儲運慈善基金委員會成員及考評委員會副主席。Mr.Han LeipingMr.Han Leiping(“Mr.Han”),aged 38,has been the executive Director since 8 January 2018.Mr.Han holds a Bachelors Degree in Finance from

121、 Tianjin Institute of Finance&Economics and a Masters Degree in Science in the Social Sciences in Accounting and Management Science from the University of Southampton.He is currently the executive director of Beijing Zhongdian Ronglian New Energy Technology Company Limited*（北京中電融聯新能源科技有限公司）.Mr.Han h

122、ad previously served as the general manager of Beijing Star Harvest Era Investments Limited*（北京星豐時代投資有限公司）.He was the financial manager of Financial Street Holdings Co.,Ltd(stock code:000402),a company listed on the Shenzhen Stock Exchange.Mr.Han was also the financial and forex manager of the Bank

123、of Communications(Qingdao branch).Mr.Han has extensive experience in strategic cooperation and project management.He is also familiar with the application of energy in different settings,and is experienced in project development and platform construction,coordination of new energy power station and

124、resource integration of microgrid.INDEPENDENT NON-EXECUTIVE DIRECTORSMs.Kwan Sin YeeMs.Kwan Sin Yee(“Ms.Kwan”),aged 56,has been the independent non-executive Director since 16 October 2014.Ms.Kwan has been in the financial sector for decades,being an enterprise planner and senior investment consulta

125、nt,she is an expert in interpersonal communications.She has a wide network in the field having taken part as senior manager in many companies.During her time she had been the executive of various companies.Ms.Kwan is the director and chief executive officer of Roots Management Co.Ltd.,an executive w

126、ealth management services company in Hong Kong.Ms.Kwan is the Chairman&Managing Director of Man Lap International Sports Group,establishes Inter Academy Hong Kong,focuses on internationalisation of football and other sports,promotes“sports for all”and sports culture.Ms.Kwan is devoted in charity;she

127、 is currently the committee member and vice-president of the examination committee of the Hong Kong CU Movement Charity Fund.Global Strategic_B_AR.indb 2031/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management

128、 21梁傲文先生梁傲文先生（梁先生），三十八歲，自二零一四年十月十六日起擔任獨立非執行董事。梁先生於二零一九年一月三十一日起擔任為嘉藝控股有限公司（聯交所主板上市公司，股份代號：1025）獨立非執行董事。梁先生持有加拿大多倫多大學會計及財務學商學士學位。梁先生為置梁行房地產顧問國際有限公司（置梁行）的總經理，置梁行為一家房地產顧問集團，主要從事資產管理。加入置梁行前，彼曾在一家跨國會計及核數公司工作約8年。梁先生為香港會計師公會及香港測量師學會之會員。孫志軍先生孫志軍先生（孫先生），五十一歲，自二零一五年八月二十四日起擔任獨立非執行董事。孫先生于一九八八年畢業於中國上海醫療器械高等?？茖W校。孫

129、先生目前擔任邃藍智能科技（上海）有限公司（一間于中國專注於醫療領域人工智能開發的公司）之戰略和業務發展董事。黃玉君女士黃玉君女士（黃女士），六十一歲，自二零一五年八月二十四日起為獨立非執行董事，彼目前為上海電氣集團股份有限公司（一間於聯交所主板上市之公司（股份代號：2727）之一間附屬公司上海電氣國際經濟貿易有限公司分公司之財務經理。黃女士自中國財政部獲得會計專業證書。於二零零五年，彼畢業於中國上海電視大學（現稱上海開放大學），取得企業管理專業證書。Mr.Leung Oh Man,MartinMr.Leung Oh Man,Martin(“Mr.Leung”),aged 38,has been

130、 the independent non-executive Director since 16 October 2014.Mr.Leung has been serving as an independent non-executive director of KNT Holdings Limited(a company listed on the Main Board of the Stock Exchange,stock code:1025)since 31 January 2019.Mr.Leung holds a Bachelors Degree of Commerce in Acc

131、ounting and Finance from the University of Toronto in Canada.Mr.Leung is the general manager of TL Property Consultants International Ltd.(“TLP”),a consultancy group principally engaged in asset management of real estate sector.Prior to joining TLP,he had worked at a multinational accounting and aud

132、iting firm for about 8 years.Mr.Leung is a member of the Hong Kong Institute of Certified Public Accountants and the Hong Kong Institute of Surveyors.Mr.Sun Zhi JunMr.Sun Zhi Jun(“Mr.Sun”),aged 51,has been an independent non-executive Director since 24 August 2015.Mr.Sun graduated from Shanghai Medi

133、cal Instrumentation College in the PRC in 1988.Mr.Sun currently serves as Director of Strategy and Business Development for Deep Voxel Intelligent Technology(Shanghai)Co.,Ltd.*（邃藍智能科技（上海）有限公司）,a company specializing in artificial intelligence development in the medical field in PRC.Ms.Huang Yu JunMs

134、.Huang Yu Jun(“Ms.Huang”),aged 61,has been an independent non-executive Director since 24 August 2015,She was a financial manager of a branch office of Shanghai Electric International Economic&Trading Co.,Ltd.（上海電氣國際經濟貿易有限公司）,a subsidiary of Shanghai Electric Group Company Limited(stock code:2727,a

135、company listed on the Main Board of the Stock Exchange).Ms.Huang obtained a certificate of accounting profession from Ministry of Finance in the PRC.In 2005,she graduated from Shanghai TV University(now known as Shanghai Open University)in the PRC with a professional certificate in business administ

136、ration.Global Strategic_B_AR.indb 2131/3/2019 1:10 AM22GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事及高級管理層的履歷Biographical Details of Directors and Senior Management 公司秘書陳恒先生陳恒先生（陳先生）已獲委任為公司秘書自二零一六年十月七日起生效。陳先生於二零零零年取得澳洲麥覺理大學法學學士學位及商業學士學位。彼為一名執業律師並於二零零三年於香港取得律師資格。彼亦二零一七年三月及二零一九年一月分

137、別在GT Steel Construction Group Limited（聯交所GEM上市公司，股份代號：8402）及德普科技發展有限公司（聯交所主板上市公司，股份代號：3823）擔任公司秘書。高級管理層聶志堅先生聶志堅先生（聶先生），三十八歲，自二零一八年六月擔任本公司財務總監。彼於審計、會計及財務方面擁有十八年的經驗。COMPANY SECRETARYMr.Chan Hank,DanielMr.Chan Hank Daniel(“Mr.Chan”)has been appointed as the Company Secretary since 7 October 2016.Mr.Cha

138、n obtained his Bachelor of Laws and Bachelor of Commerce from Macquarie University,Australia in 2000.He is a practising solicitor and was admitted as a solicitor in Hong Kong in 2003.Mr.Chan is the company secretary of GT Steel Construction Group Limited(a company listed on GEM of the Stock Exchange

139、,stock code:8402)and Tech Pro Technology Development Limited(a company listed on Main Board of the Stock Exchange,stock code:3823)since March 2017 and January 2019 respectively.SENIOR MANAGEMENTMr.Nip Chi KinMr.Nip Chi Kin(“Mr.Nip”),aged 38,is the Financial Controller of the Group since June 2019.He

140、 had 18 years experience in auditing,accounting and financial field.Global Strategic_B_AR.indb 2231/3/2019 1:10 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 23董 事 謹 提 呈 彼 等 截 至 二 零 一 八 年 十 二 月三十一日止年度之年報及經審核綜合財務報表。主要業務本公司為一間投資控股公司。其附屬公司之主要業務載於綜合財務報表附註24

141、。業務回顧本集團業務回顧載於本年報 管理層討論及分析 一段。業績本集團截至二零一八年十二月三十一日止年度之業績載於第58至59頁之綜合損益及其他全面益表內。物業、廠房及設備本集團於年內有關物業、廠房及設備之變動詳情載於綜合財務報表附註20。股本報告期內本公司之股本變動詳情載於綜合財務報表附註40。The Directors present their annual report and the audited consolidated financial statements for the year ended 31 December 2018.PRINCIPAL ACTIVITIESThe

142、 Company is an investment holding company.The principal activities of its subsidiaries are set out in note 24 to the consolidated financial statements.BUSINESS REVIEWBusiness review of the Group is set out in the paragraph headed“Management Discussion and Analysis”of this annual report.RESULTSThe re

143、sults of the Group for the year ended 31 December 2018 are set out in the consolidated statement of profit or loss and other comprehensive income on pages 58 and 59.PROPERTY,PLANT AND EQUIPMENTDetails of the movements during the year in property,plant and equipment of the Group are set out in note 2

144、0 to the consolidated financial statements.SHARE CAPITALDetails of the movements in the share capital of the Company during the reporting period are set out in note 40 to the consolidated financial statements.Global Strategic_B_AR.indb 2331/3/2019 1:10 AM24GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 A

145、NNUAL REPORT 2018 年報董事報告Report of the Directors 本公司之可分派儲備本公司可撥充股份溢價以向其股東派發分派或股息，惟須受本公司組織章程大綱及章程細則之條款限制，及緊隨派發分派或股息後，本公司能償還日常業務過程中到期債項，方可作實。遵照本公司之組織章程細則，本公司可撥充溢利、特別儲備及股份溢價以派發股息。於二零一八年十二月三十一日，本公司可供分派予其股東之儲備約為99,211,000港元（二零一七年：95,383,000港元）。董事年內及截至本報告刊發日期止，董事為：執行董事：張端亭先生，行政總裁吳國明先生（於二零一八年四月三十日獲委任）龍文明先生（

146、於二零一八年一月八日獲委任）陳華良先生（於二零一八年一月八日獲委任）韓磊平先生（於二零一八年一月八日獲委任）翁凜磊先生（於二零一八年四月十九日辭任）魏月童先生（於二零一八年二月五日獲重新委任，並於二零一八年六月六日辭任）獨立非執行董事：關倩兒女士梁傲文先生孫志軍先生黃玉君女士DISTRIBUTABLE RESERVE OF THE COMPANYThe share premium of the Company is available for paying distributions or dividends to its shareholders subject to the provisi

147、ons of its Memorandum and Articles of Association and provided that immediately following the distribution or dividend payment the Company is able to pay its debts as they fall due in the ordinary course of business.In accordance with the Companys Articles of Association,dividends can be distributed

148、 out of the profits,special reserve and share premium of the Company.The Companys reserve available for distribution to its shareholders as at 31 December 2018 amounted to approximately HK$99,211,000(2017:HK$95,383,000).DIRECTORSThe Directors during the year and up to the date of this report are:Exe

149、cutive Directors:Mr.Cheung Tuen Ting,Chief Executive OfficerMr.Wu Guoming(appointed on 30 April 2018)Mr.Long Wenming(appointed on 8 January 2018)Mr.Chen Hualiang(appointed on 8 January 2018)Mr.Han Leiping(appointed on 8 January 2018)Mr.Weng Lin Lei(resigned on 19 April 2018)Mr.Wei Yuetong(re-appoint

150、ed on 5 February 2018 and resigned on 6 June 2018)Independent non-executive Directors:Ms.Kwan Sin YeeMr.Leung Oh Man,MartinMr.Sun Zhi JunMs.Huang Yu JunGlobal Strategic_B_AR.indb 2431/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 25根據本公司組織章程

151、細則之條文，吳國明先生、陳華良先生、關倩兒女士及黃玉君女士將於應屆股東週年大會退任並符合資格重選連任。董事概無訂立任何本集團不能於一年內毋須作出補償（法定補償除外）而終止之服務合約。獨立非執行董事各自與本公司訂立服務合約，年期自各自獲委任之日起為期一年，惟須根據本公司組織章程細則於本公司股東週年大會輪值退任及膺選連任。董事於交易、安排或合約之權益 除下文 關連交易 一節中所披露者外，概無董事或董事之關連實體於本公司之控股公司或本公司任何附屬公司或同系附屬公司於年內所訂立對本集團業務而言屬重大之任何交易、安排或合約中直接或間接擁有重大權益。董事及最高行政人員於本公司或其相聯法團的股份、相關股份及

152、債券之權益及淡倉 於二零一八年十二月三十一日，董事及最高行政人員各自於本公司或任何其相聯法團（定義見證券及期貨條例（證券及期貨條例）第XV部）之股份、相關股份及債券中擁有的記錄於本公司根據證券及期貨條例第352條須予存置之登記冊，或根據GEM上市規則第5.46條所述董事進行買賣之準則規定須另行知會本公司及聯交所權益及淡倉如下：In accordance with the provisions of the Companys Articles of Association,Mr.Wu Guoming,Mr.Chen Hualiang,Ms.Kwan Sin Yee and Ms.Huang Yu

153、jun will retire by rotation at the forthcoming annual general meeting and,being eligible,offer themselves for re-election.No director has a service contract which is not determinable by the Group within one year without payment of compensation(other than statutory compensation).Each of the independe

154、nt non-executive Directors has a service contract with the Company for a term of one year commencing on the date of their respective appointment but is subject to retirement by rotation and re-election at an annual general meeting of the Company in accordance with the Articles of Association of the

155、Company.DIRECTORS INTERESTS IN TRANSACTIONS,ARRANGEMENTS OR CONTRACTSSave as disclosed under the section titled“Connected Transactions”below,no Director or connected entity of a Director had a material interest,either directly or indirectly,in any transactions,arrangements or contracts of significan

156、ce to the business of the Group to which the holding company of the Company,or any of the Companys subsidiaries or fellow subsidiaries was a party during the year.DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURE OF THE COMPANY OR ITS ASSOCIATED C

157、ORPORATIONSAs at 31 December 2018,the interests and short positions of each Director and chief executive in the shares,underlying shares and debentures of the Company or any of its associated corporation(within the meaning of Part XV of the Securities and Futures Ordinance(the“SFO”)which were record

158、ed in the register required to be kept by the Company pursuant to Section 352 of the SFO,or as otherwise notified to the Company and the Stock Exchange pursuant to the required standard of dealings by the Directors as referred to in Rule 5.46 of GEM Listing Rules were as follows:Global Strategic_B_A

159、R.indb 2531/3/2019 1:11 AM26GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 董事及最高行政人員於本公司或其相聯法團的股份、相關股份及債券之權益及淡倉（續）於本公司之權益下表載列本公司董事及最高行政人員所持本公司股份、相關股份及債券之好倉總額：DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBEN

160、TURE OF THE COMPANY OR ITS ASSOCIATED CORPORATIONS(Continued)Interests in the CompanyThe table below sets out the aggregate long positions in the shares,underlying shares and debentures of the Company held by the Directors and chief executives of the Company:Directors/chief executiveCorporate intere

161、stsNumber ofunderlying sharesheld under equityderivativesTotal interestsLong(L)orshort(S)positionPercentageof interests董事最高行政人員公司權益根據權益衍生工具持有之相關股份數目總權益好倉(L)或淡倉(S)權益百分比Mr.Cheung Tuen Ting56,000,0006,000,000(Note)62,000,000L4.76%張端亭先生（附註）Mr.Wu Guoming137,200,0006,000,000(Note)143,200,000L10.99%吳國明先生（附

162、註）Mr.Long Wenming4,000,000(Note)4,000,000L0.31%龍文明先生（附註）Mr.Chen Hualiang4,000,000(Note)4,000,000L0.31%陳華良先生（附註）Global Strategic_B_AR.indb 2631/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 27L：好倉附註：該等權益指就本公司授予董事之購股權而於相關股份之權益。Mr.Han Leiping4,

163、000,0004,000,000(Note)L0.31%韓磊平先生（附註）Ms.Kwan Sin Yee600,000600,000(Note)L0.05%關倩兒女士（附註）Mr.Leung Oh Man Martin600,000600,000(Note)L0.05%梁傲文先生（附註）Ms.Huang Yu Jun600,000600,000(Note)L0.05%黃玉君女士（附註）Mr.Sun Zhi Jun600,000600,000(Note)L0.05%孫志軍先生（附註）L:Long positionNote:These interests represented the inter

164、ests in underlying shares in respect of the share options granted by the Company to the directors.DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURE OF THE COMPANY OR ITS ASSOCIATED CORPORATIONS(Continued)Directors/chief executiveCorporate interest

165、sNumber ofunderlying sharesheld under equityderivativesTotal interestsLong(L)orshort(S)positionPercentageof interests董事最高行政人員公司權益根據權益衍生工具持有之相關股份數目總權益好倉(L)或淡倉(S)權益百分比董事及最高行政人員於本公司或其相聯法團的股份、相關股份及債券之權益及淡倉（續）Global Strategic_B_AR.indb 2731/3/2019 1:11 AM28GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL

166、 REPORT 2018 年報董事報告Report of the Directors 董事及最高行政人員於本公司或其相聯法團的股份、相關股份及債券之權益及淡倉（續）除上文所披露者外，於二零一八年十二月三十一日，按本公司根據證券及期貨條例第352條須予存置之登記冊記錄所示，或根據GEM上市規則第5.46條有關董事進行買賣之準則規定向本公司及交易所另行作出之通知，本公司董事或最高行政人員概無在本公司或其相聯法團（定義見證券及期貨條例第XV部）之股份、相關股份或債券中擁有任何權益或淡倉。DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITI

167、ONS IN SHARES,UNDERLYING SHARES AND DEBENTURE OF THE COMPANY OR ITS ASSOCIATED CORPORATIONS(Continued)Save as disclosed above,as at 31 December 2018,none of the Directors or chief executive of the Company had any interests or short positions in the shares,underlying shares or debentures of the Compa

168、ny or any of its associated corporations(as defined in Part XV of the SFO)as recorded in the register required to be kept by the Company under Section 352 of the SFO,or as otherwise notified to the Company and the Exchange pursuant to the required standard of dealings by the Directors as referred to

169、 in Rule 5.46 of GEM Listing Rules.Global Strategic_B_AR.indb 2831/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 29主要股東及其他人士於本公司股份及相關股份之權益及淡倉 於二零一八年十二月三十一日，根據證券及期貨條例第336條規定本公司須予存置之登記冊所記錄，除上文披露之董事權益及淡倉外，下列人士（並非本公司董事或最高行政人員）於本公司之股份或相關股份中擁有權益或淡

170、倉：L：好倉附註：香港顥越國際貿易有限公司由張海平先生全資擁有。除上文所披露者外，於二零一八年十二月三十一日，按本公司根據證券及期貨條例第336條須予存置之登記冊記錄所示，主要股東或其他人士（本公司董事及最高行政人員除外）並無擁有本公司股份或相關股份之權益或淡倉。SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS INTERESTS AND SHORT POSITIONS IN SHARES AND UNDERLYING SHARES OF THE COMPANYAs at 31 December 2018,other than the interests a

171、nd short positions of the Directors disclosed above,the following person(not being a Director or chief executive of the Company)had interests or short positions in the share or underlying shares of the Company as recorded in the register required to be kept by the Company under Section 336 of the SF

172、O:Number of shares held,capacity and nature of interest所持股份數目、身份及權益性質 Name of shareholderDirectlybeneficiallyownedThroughcontrolledcorporationTotalApproximatepercentage ofthe issuedshare capital股東姓名名稱直接實益擁有透過受控制法團總額佔已發行股本概約百分比Hong Kong Hao Yue International Trading Co.,Limited223,200,000(Note)(L)223

173、,200,000(L)17.12%香港顥越國際貿易有限公司（附註）Mr.Zhang Hai Ping223,200,000(Note)(L)223,200,000(L)17.12%張海平先生（附註）Mr.Wu Guoming137,200,000(L)137,200,000(L)10.53%吳國明先生L:Long positionNote:Hong Kong Hao Yue International Trading Co.,Limited is wholly-owned by Mr.Zhang Hai Ping.Save as disclosed above,none of the subs

174、tantial shareholders or other(other than Directors and chief executive of the Company)person had any interest or short position in the shares or underlying shares of the Company according to the register required to be kept by the Company under Section 336 of the SFO as at 31 December 2018.Global St

175、rategic_B_AR.indb 2931/3/2019 1:11 AM30GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 可換股債券於二零一八年五月三日，本公司與勞後安先生（認購人）訂立認購協議，據此，本公司同意發行而認購人同意認購本金額為20,000,000港元及年利率為10%的可換股債券，有關可換股債券於二零二零年到期?？蓳Q股債券可按每股換股股份0.54港元的初步換股價格轉換為股份，並基於持有人的選擇，於發行日當日至到期日當日下午四時為止內任何時間予以行

176、使換股權。於本年報日期，概無轉換可換股債券。本公司將於到期日時按其本金額連同應計及未付利息贖回各份可換股債券。發行可換股債券於二零一八年六月四日完成。尚未轉換的可換股債券倘全數轉換後，本公司可發行37,037,037股股份，本公司已發行股份數目將增加至1,340,477,037股。有關年內可換股債券的詳情載於綜合財務報表附註37。購股權計劃及董事購買股份或債券之權利 於二零一二年十一月三十日，本公司採納一項購股權計劃（該計劃）。於二零一八年十二月三十一日，本公司根據該計劃授出58,600,000份購股權。該計劃的詳情載於綜合財務報表附註41。CONVERTIBLE BONDOn 3 May 2

177、018,the Company and Mr.Lo Hou On(the“Subscriber”)entered into a subscription agreement,according to which the Company agreed to issue,and the Subscriber agreed to subscribe for in principal amount of HK$20,000,000 with interest rate of 10%per annum,convertible bond due 2020.The Convertible Bond are

178、convertible into shares at the initial conversion price of HK$0.54 per conversion share at the option of the holder thereof,at any time on or before the issue date up to the 4:00 p.m.on the prior to the maturity date.There was no conversion of the convertible bond as at the date of this annual repor

179、t.The Company will redeem each Convertible Bond on the maturity date at its principal amount together with accrued and unpaid interest thereon.The issue of Convertible Bond were completed on 4 June 2018.Upon full conversion of the outstanding Convertible Bond,the Company may issue 37,037,037 shares,

180、adding the issued shares of the Company to 1,340,477,037 shares.Details of the Convertible Bond during the year are set out in note 37 to the consolidated financial statements.SHARE OPTION SCHEME AND DIRECTORS RIGHTS TO ACQUIRE SHARES OR DEBENTURESOn 30 November 2012,the Company adopted a share opti

181、on scheme(the“Scheme”).As at 31 December 2018,58,600,000 option has been granted by the Company under the Scheme.Particulars of the Scheme are set out in note 41 to the consolidated financial statements.Global Strategic_B_AR.indb 3031/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL RE

182、PORT 2018 年報董事報告Report of the Directors 31購股權計劃及董事購買股份或債券之權利（續）該計劃之目的在於吸納及留任優秀人員及其他人士，藉以鼓勵彼等為本集團之業務及營運作出貢獻。根據該計劃，董事可向本集團任何合資格人士授出購股權，包括(i)本公司、附屬公司或聯屬公司之任何董事、僱員或顧問；或(ii)全權託管對象包括本公司、附屬公司或聯屬公司之任何董事、僱員或顧問之任何全權信託；或(iii)本公司、附屬公司或聯屬公司之任何董事、僱員或顧問實益擁有之公司；或(iv)董事可能不時酌情認定之任何人士或實體，其為本集團提供服務或其曾經或預期對本集團之業務或營運有所貢獻

183、，以認購本公司股份。根據董事會決定，購股權可於購股權授出日期起計最多十年期間內行使。該計劃項下購股權之行使價（可按其中之規定作出調整）相當於(i)股份面值；(ii)於授出購股權日期（須為營業日）在聯交所每日報價表所報之每股股份收市價；及(iii)緊接授出日期前五個營業日聯交所每日報價表所報之每股股份平均收市價，三者以最高者為準。根據該計劃可授出之購股權所涉及股份數目上限不得超過本公司於該計劃獲股東批準當日已發行股本10%。然而，因行使全部未行使購股權而可予發行之股份總數上限不得超出本公司不時已發行股本30%。在未經本公司股東事先批準之情況下，於任何十二個月期間內，向任何單一承授人授出購股權所涉

184、及之股份數目，不得超過在該十二個月期間內最後一日本公司之不時已發行股份之1%。SHARE OPTION SCHEME AND DIRECTORS RIGHTS TO ACQUIRE SHARES OR DEBENTURES(Continued)The purpose of the Scheme is to attract and to retain quality personnel and other persons and to provide them with incentive to contribute to the business and operation of the Gr

185、oup.Under the Scheme,the Directors may grant options to any eligible persons of the Group,including(i)any director,employee or consultant of the Company,a subsidiary or an affiliate;or(ii)any discretionary trust whose discretionary objects include any director,employee or consultant of the Company,a

186、 subsidiary or an affiliate;or(iii)a company beneficially owned by any director,employee or consultant of the Company,a subsidiary or an affiliate;or(iv)any person or entity whose service to the Group or business with the Group contribute or is expected to contribute to the business or operation of

187、the Group as may be determined by the Directors from time to time,to subscribe for shares of the Company.Options granted are exercisable for a period(up to ten years from the date of grant of the option)as decided by the Board.The exercise price(subject to adjustment as provided therein)of the optio

188、n under the Scheme is equal to the highest of(i)the nominal value of share;(ii)the closing price per share as stated in the Stock Exchanges daily quotation sheet on the date of grant of the option,which must be a business day and(iii)the average closing price per share as stated in the Stock Exchang

189、es daily quotation sheet for the five business days immediately preceding the date of grant.The maximum number of shares in respect of which the options may be granted under the Scheme shall not exceed 10%of the issued share capital of the Company at the date of Shareholders approval of the Scheme.H

190、owever,the total maximum number of shares which may be issued upon exercise of all outstanding share options must not exceed 30%of the issued share capital of the Company from time to time.The number of shares in respect of which options may be granted to any one grantee in any 12-month period is no

191、t permitted to exceed 1%of the shares of the Company in issue on the last date of such 12-month period from time to time,without prior approval obtained from the Companys shareholders.Global Strategic_B_AR.indb 3131/3/2019 1:11 AM32GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告R

192、eport of the Directors 購股權計劃及董事購買股份或債券之權利（續）年 內，本 公 司 向 本 公 司 董 事 及 僱 員 授 出12,400,000及37,200,000份購股權，行使價為每股購股權股份分別為0.785港元及0.466港元。有關購股權具體類別的詳情，請參閱本集團綜合財務報表附註41。於回顧期及於二零一八年十二月三十一日尚未行使的已授出、行使或取消失效的購股權變動詳情如下：SHARE OPTION SCHEME AND DIRECTORS RIGHTS TO ACQUIRE SHARES OR DEBENTURES(Continued)During the

193、year,the Company has granted 12,400,000 and 37,200,000 share options to the Companys Directors and employees at the exercise price of HK$0.785 and 0.466 per option share respectively.Details of specific categories of options,please refer to note 41 to the Groups consolidated financial statements.Det

194、ails of the movements of share options granted,exercised or cancelled/lapsed during the review period and outstanding as at 31 December 2018 are as follows:Number of share options購股權數目 At 1 January 2018Granted duringthe periodExercised during the periodCancelled/Lapsed during the PeriodOutstanding a

195、s at 31 December 2018Exercise period(both dates inclusive)Exercise priceClosing price immediately before the date of grant於二零一八年一月一日於期內授出於期內行使於期內取消失效於二零一八年十二月三十一日尚未行使行使期（包括首尾兩日）行使價緊接授出日期前的收市價HK$HK$港元港元 Directors董事Mr.Weng Lin Lei翁凜磊先生600,000(600,000)21 December 2017 to 21 December 2019二零一七年十二月二十一日至 二

196、零一九年十二月二十一日0.5560.555Mr.Leung Oh Man,Martin梁傲文先生600,000600,00021 December 2017 to 21 December 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555Ms.Kwan Sin Yee關倩兒女士600,000600,00021 December 2017 to 21 December 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555Mr.Sun Zhi Jun孫志軍先生600,000600,00021 December 2017 to 21 Dece

197、mber 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555Ms.Huang Yu Jun黃玉君女士600,000600,00021 December 2017 to 21 December 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555Mr.Cheung Tuen Ting張端亭先生6,000,0006,000,00021 December 2017 to 21 December 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555Mr.Long Wenming龍文明先生4,000,0004,000,

198、00018 January 2018 to 18 January 2020二零一八年一月十八日至 二零二零年一月十八日0.7850.72Mr.Chen Hualiang陳華良先生4,000,0004,000,00018 January 2018 to 18 January 2020二零一八年一月十八日至 二零二零年一月十八日0.7850.72Mr.Han Leiping韓磊平先生4,000,0004,000,00018 January 2018 to 18 January 2020二零一八年一月十八日至 二零二零年一月十八日0.7850.72Global Strategic_B_AR.indb

199、 3231/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 33Mr.Wu Guoming吳國明先生6,000,0006,000,0009 October 2018 to 9 October 2020二零一八年十月九日至 二零二零年十月九日0.4660.475 Total Directors董事總數9,000,00018,000,000(600,000)26,400,000 Employees僱員4,400,000(1,400,000

200、)(2,400,000)600,00021 December 2017 to 21 December 2019二零一七年十二月二十一日至 二零一九年十二月二十一日0.5560.555400,000400,00018 January 2018 to 18 January 2020二零一八年一月十八日至 二零二零年一月十八日0.7850.7231,200,00031,200,0009 October 2018 to 9 October 2020二零一八年十月九日至 二零二零年十月九日0.4660.475 Total Employees僱員總數4,400,00031,600,000(1,400,00

201、0)(2,400,000)32,200,000 Total All Categories所有類別總計13,400,00049,600,000(1,400,000)(3,000,000)58,600,000 On 31 December 2018,the total number of shares options of the Company available for issue under the Scheme had been fully granted.Unless otherwise determined by the Directors,there is no minimum pe

202、riod required under the Scheme for the holding of an option before it can be exercised.There is no consideration for the application or acceptance of an option under the Scheme.The remaining life of the Scheme is approximately four years and to be expired on 30 November 2022.SHARE OPTION SCHEME AND

203、DIRECTORS RIGHTS TO ACQUIRE SHARES OR DEBENTURES(Continued)Number of share options購股權數目 At 1 January 2018Granted duringthe periodExercised during the periodCancelled/Lapsed during the PeriodOutstanding as at 31 December 2018Exercise period(both dates inclusive)Exercise priceClosing price immediately

204、 before the date of grant於二零一八年一月一日於期內授出於期內行使於期內取消失效於二零一八年十二月三十一日尚未行使行使期（包括首尾兩日）行使價緊接授出日期前的收市價HK$HK$港元港元 購股權計劃及董事購買股份或債券之權利（續）於二零一八年十二月三十一日，根據該計劃可予發行之本公司購股權總數已悉數授出。除董事另行訂明外，該計劃並無規定購股權於可行使前須持有之最短期間。根據該計劃申請或接納購股權毋須代價。該計劃之餘下期間約為四年，將於二零二二年十一月三十日屆滿。Global Strategic_B_AR.indb 3331/3/2019 1:11 AM34GLOBAL S

205、TRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 主要客戶及供應商年內，本集團五大客戶佔本集團營業額約80%，而本集團最大客戶則佔總營業額約37%。年內本集團五大供應商佔本集團採購額約98%，本集團最大供應商佔購買總額約39%。董事、彼等之聯繫人或本公司任何股東（據董事所知，擁有超逾5%本公司已發行股本者）概無於本集團五大客戶及供應商中擁有權益。附屬公司之控股股東於本集團之實益權益詳情於下文 關連交易 一節進一步闡釋。關連交易截至二零一八年十二月三十一日止年度，本集團訂有以下持續

206、關連交易，其詳情已根據GEM上市規則第20章之規定作出披露。持續關連交易上游天然氣銷售協議於二零一七年十二月二十八日，宜昌標典與宜昌中石油昆侖天然氣有限公司（宜昌昆侖）訂立上游天然氣銷售協議（上游天然氣銷售協議），據此，宜昌昆侖同意供應及宜昌標典同意購買天然氣，年期為二零一八年一月一日至二零一八年十二月三十一日。截至二零一八年十二月三十一日止年度，有關交易之交易金額及年度上限（年度上限）金額分別約為人民幣13,934,000元及人民幣19,500,000元。MAJOR CUSTOMERS AND SUPPLIERSDuring the year,the five largest custome

207、rs of the Group accounted for about 80%of the turnover of the Group and the largest customer of the Group accounted for about 37%of the total turnover.During the year,the five largest suppliers of the Group accounted for about 98%of the purchases of the Group and the largest supplier of the Group ac

208、counted for about 39%of the total purchases.None of the Directors,their associates or any shareholders of the Company(which to the knowledge of the Directors owns more than 5%of the Companys issued share capital),has an interest in any of the Groups five largest customers and suppliers.Details of th

209、e subsidiarys controlling shareholders beneficial interest in the Group are further explained in the section titled“Connected Transactions”below.CONNECTED TRANSACTIONSDuring the year ended 31 December 2018,the Group had the following continuing connected transactions,details of which were disclosed

210、in compliance with the requirements of Chapter 20 of GEM Listing Rules.Continuing Connected Transactions Upstream Natural Gas Sales AgreementOn 28 December 2017,Yichang Biaodian and Yichang PetroChina Kunlun Natural Gas Co.,Ltd(“Yichang Kunlun”)entered into the upstream natural gas sales agreement(t

211、he“Upstream Gas Sales Agreement”)pursuant to which Yichang Kunlun agreed to supply and Yichang Biaodian agreed to buy natural gas for the period from 1 January 2018 to 31 December 2018.The transaction amount and annual cap(“Annual Cap”)amount of such transaction for the year ended 31 December 2018 a

212、re about RMB13,934,000 and RMB19,500,000 respectively.Global Strategic_B_AR.indb 3431/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 35CONNECTED TRANSACTIONS(Continued)Continuing Connected Transactions Upstream Natural Gas Sales Agreement(Con

213、tinued)As Yichang Kunlun is owned as to 49%by Hubei Biaodian and Hubei Biaodian is a substantial shareholder(within the meaning of GEM Listing Rules)of Yichang Biaodian holding 41%equity interest in Yichang Biaodian,whereas Mr.Xiong,is the ultimate controlling shareholder of Hubei Biaodian and a dir

214、ector of Yichang Biaodian,each of Yichang Kunlun and Hubei Biaodian,is connected person of the Company and the transactions(the“Continuing Connected Transactions”)contemplated under the Upstream Gas sales Agreement constitute continuing connected transactions for the Company under GEM Listing Rules.

215、Given that:(i)Yichang Kunlun is a connected person of the Company only at the subsidiary level;(ii)the Board has approved the Continuing Connected Transactions;and(iii)having considered the terms of the Upstream Gas sales Agreement and the transactions contemplated thereunder(including the Annual Ca

216、p),all the independent non-executive Directors have confirmed that the terms of the Continuing Connected Transactions are fair and reasonable,the Continuing Connected Transactions are on normal commercial terms or better and in the interest of the Company and the shareholders of the Company as a who

217、le,the Continuing Connected Transactions(including the Annual Cap)are exempted from the circular,independent financial advice and Shareholders approval requirements under Rule 20.99 of GEM Listing Rules.The continuing connected transactions are subject to the reporting,announcement and annual review

218、 requirements under Chapter 20 of GEM Listing Rules.The management has monitored and ensured that(a)the continuing connected transactions have been conducted in accordance with the pricing policies or mechanisms(if applicable)under the Upstream Gas Sales Agreement,as appropriate;and(b)the Companys i

219、nternal control procedures are adequate and effective to ensure that continuing connected transactions are so conducted.關連交易（續）持續關連交易上游天然氣銷售協議（續）由於宜昌昆侖由湖北標典擁有49%權益及湖北標典為持有宜昌標典41%股權之宜昌標典主要股東（定義見GEM上市規則），而熊先生為湖北標典之最終控股股東及宜昌標典之董事，故宜昌昆侖及湖北標典各自為本公司之關連人士，故根據GEM上市規則，上游天然氣銷售協議項下擬進行之交易（持續關連交易）構成本公司之持續關連交易。由於

220、：(i)宜昌昆侖為本公司於附屬公司層面上之關連人士；(ii)董事會已批準持續關連交易；及(iii)經考慮上游天然氣銷售協議及其項下擬進行之交易之條款（包括年度上限）後，全體獨立非執行董事已確認，持續關連交易之條款誠屬公平合理、持續關連交易乃按一般或更佳商業條款訂立，並符合本公司及本公司股東之整體利益，持續關連交易（包括年度上限）獲豁免遵守GEM上市規則第20.99條項下之通函、獨立財務顧問及股東批準規定。持續關連交易須遵守GEM上市規則第20章項下之申報、公佈及年度審閱規定。管理層已監察及確保(a)持續關連交易乃根據上游天然氣銷售協議項下之定價政策或機制（如適用）（按適用者）進行；及(b)本公

221、司之內部監控程序屬充分有效，可確保持續關連交易按此進行。Global Strategic_B_AR.indb 3531/3/2019 1:11 AM36GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors CONNECTED TRANSACTIONS(Continued)Continuing Connected Transactions Upstream Natural Gas Sales Agreement(Continued)The independent non

222、-executive Directors have reviewed the continuing connected transactions under Upstream Gas Sales Agreement and have confirmed that such continuing connected transactions were entered into(i)in the ordinary and usual course of business of the Group;(ii)on normal commercial terms and(iii)in accordanc

223、e with the relevant agreement governing them on terms that are fair and reasonable and in the interests of the shareholders of the Company as a whole.RSM Hong Kong,the Companys auditors,were engaged to report on the Groups continuing connected transactions in accordance with Hong Kong Standard on As

224、surance Engagements 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information and with reference to Practice Note 740 Auditors Letter on Continuing Connected Transactions under the Hong Kong Listing Rules issued by the Hong Kong Institute of Certified Public Account

225、ants.RSM Hong Kong have issued their unqualified letter containing their findings and conclusions in respect of the continuing connected transactions disclosed above by the Group in accordance with GEM Listing Rule 20.54 of GEM Listing Rules.A copy of the auditors letter has been provided by the Com

226、pany to the Hong Kong Stock Exchange.The Company confirms that it has complied with the disclosures requirements in accordance with Chapter 20 of GEM Listing Rules.關連交易（續）持續關連交易上游天然氣銷售協議（續）獨立非執行董事已審閱上游天然氣銷售協議項下之持續關連交易，並已確認有關持續關連交易乃(i)於本集團之一般及日常業務過程中訂立；(ii)按一般商業條款訂立；及(iii)根據規管有關交易之相關協議訂立，條款屬公平合理，並符合本

227、公司股東之整體利益。本公司核數師羅申美會計師事務所已獲委聘，以根據香港上市規則項下及香港會計師公會頒佈之香港核證委聘準則第3000號審核或審閱過往財務資料以外之核證委聘，並參考實務說明第740號核數師就持續關連交易發出函件，就本集團之持續關連交易作出報告。羅申美會計師事務所已根據GEM上市規則第20.54條發出無保留意見函件，當中載有其有關本集團於上文披露之持續關連交易之核證發現及結論。本公司已向香港聯交所提供核數師函件副本。本公司確認，其已根據GEM上市規則第20章遵守披露規定。Global Strategic_B_AR.indb 3631/3/2019 1:11 AMGLOBAL STRA

228、TEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 37購買、出售或贖回本公司之上市證券截至二零一八年十二月三十一日止年度，本公司或其任何附屬公司概無購買、出售或贖回任何本公司之上市證券。足夠公眾持股量根據本公司之公開資料及據董事所知，於本報告日期，股份之公眾持股量足夠符合GEM上市規則不少於本公司已發行股份25%之規定。優先購股權本公司之組織章程細則或開曼群島法律概無載有任何有關優先購股權之規定，規定本公司須按比例向現有股東提呈發售新股份。競爭業務權益年內，本公司各董事或控股股東（定義

229、見GEM上市規則）或彼等各自之聯繫人士概無擁有任何與本集團業務構成競爭或可能構成競爭之業務或於其中擁有權益，亦概無與本集團發生任何其他利益衝突。管理合約年內，概無訂立或訂有任何涉及本集團整體或任何重要部分業務的管理及行政合約（僱傭合約除外）。PURCHASE,SALE OR REDEMPTION OF THE COMPANYS LISTED SECURITIESNeither the Company nor any of its subsidiaries has purchased,sold or redeemed any of the Companys listed securities d

230、uring the year ended 31 December 2018.SUFFICIENCY OF PUBLIC FLOATBased on information publicly available to the Company and within the knowledge of the Directors,as at the date of this report,there is sufficient public float of not less than 25%of the Companys issue shares as required under GEM List

231、ing Rules.PRE-EMPTIVE RIGHTSThere are no provisions for pre-emptive rights under the Companys Articles of Association or the laws of the Cayman Islands which would oblige the Company to offer new shares on a pro-rata basis to existing shareholders.COMPETING INTERESTSDuring the year,none of the Direc

232、tors,the controlling shareholders of the Company(as defined in GEM Listing Rules)or their respective associates had any business or interest which competed or might compete with the business of the Group nor had any other conflict of interest with the Group.MANAGEMENT CONTRACTSNo contract,other than

233、 employment contracts,concerning the management and administration of the whole or any substantial part of the business of the Group was entered into or existed during the year.Global Strategic_B_AR.indb 3731/3/2019 1:11 AM38GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report o

234、f the Directors 薪酬政策本集團乃參考市場水平，並按照僱員本身之表現、資歷及經驗釐定僱員薪酬。本公司人力資源及薪酬委員會於建議董事酬金時，考慮之因素包括本公司董事之職責、責任及本集團之經營表現。本公司已採納該計劃作為對董事及合資格僱員之獎勵。計劃之詳情載於綜合財務報表附註41。報告期間後事項報告期間後之重大事項載於綜合財務報表附註49。許可彌償條文惠及董事的許可彌償條文目前已生效及於整個報告期有效。本公司已為董事及管理人員提供適當責任保險，以保障針對董事及高級職員提出之潛在法律行動，該等人士就各自的職務或執行其職責時因所作出、發生的作為或不作為而招致或蒙受的所有訴訟、費用、收費、

235、損失、損害及開支，可獲確保就此免受任何損害。REMUNERATION POLICYThe remuneration of the employees of the Group is determined with reference to market terms and the performance,qualifications and experience of the individual employee.The emoluments of the Directors were recommended by the Human Resources and Remuneration C

236、ommittee of the Company after considering factors such as the Companys Directors duties,responsibilities and the operating performance of the Group.The Company has adopted the Scheme as an incentive to Directors and eligible employees.Details of the scheme are set out in note 41 to the consolidated

237、financial statements.EVENTS AFTER THE REPORTING PERIODDetails of significant events occurring after the reporting period are set out in note 49 to the consolidated financial statements.PERMITTED INDEMNITY PROVISIONSA permitted indemnity provision for the benefit of the Directors is currently in forc

238、e and was in force throughout the reporting period.Appropriate insurance cover on Directors and officers liabilities has been provided by the Company to cover potential legal actions from and against all actions,costs,charges,losses,damages and expenses which they shall or may incur or sustain by or

239、 by reason of any act done,concurred in or omitted in or about the execution of their duties.Global Strategic_B_AR.indb 3831/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報董事報告Report of the Directors 39核數師德勤關黃陳方會計師行（德勤，為本集團自二零零零年至二零一七年之核數師）已辭任本集團核數師，自二零一九年一月三十日起生效。德勤於其辭

240、任函中確認，概無有關其辭任之事宜須敦請本公司證券持有人或債權人垂注。董事會亦確認，本公司與德勤概無意見分歧或未決事宜，且彼等並不知悉有關德勤辭任本集團核數師之任何事宜須敦請本公司證券持有人垂注。本公司已委任羅申美會計師事務所為本公司於本年度之核數師，自二零一九年一月三十日起生效。羅申美會計師事務所將於應屆股東週年大會上退任，並符合資格獲續聘。續聘羅申美會計師事務所及授權董事釐定其酬金之決議案將於應屆股東週年大會上提呈。代表董事會張端亭行政總裁二零一九年三月二十八日AUDITORSDeloitte Touche Tohmatsu(“Deloitte”),who was the auditor o

241、f the Group from 2000 to 2017,has resigned as the auditor of the Group with effect from 30 January 2019.Deloitte,in their letter of resignation,confirmed that there were no matters in connection with their resignation that needed to be brought to the attention of holders of securities or creditors o

242、f the Company.The Board also confirmed that there was no disagreement or unresolved matter between the Company and Deloitte,and that they were not aware of any matters in relation to the resignation of Deloitte as auditor of the Group that needed to be brought to the attention of holders of securiti

243、es of the Company.The Company has appointed RSM Hong Kong as the auditors of the Company for the Year with effect from 30 January 2019.RSM Hong Kong will retire and,being eligible,offer itself for re-appointment at the forthcoming annual general meeting.A resolution to re-appoint RSM Hong Kong and t

244、o authorise the Directors to fix its remuneration will be proposed at the forthcoming annual general meeting.On behalf of the BoardCheung Tuen TingCHIEF EXECUTIVE OFFICER28 March 2019Global Strategic_B_AR.indb 3931/3/2019 1:11 AM40GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告

245、Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 2018企業管治常規本公司致力維持高水平之企業管治常規。於截至二零一八年十二月三十一日止年度，本公司遵守GEM上市規則附錄15企業管治守則（企業管治守則）所載之守則條文，惟以下偏離者除外：根據企業管治守則之守則條文第A.2.1條，主席及行政總裁之角色應予分開，不應由同一人士兼任。自二零一八年四月十九日起，本公司並無委任主席。董事會將不時繼續檢討目前架構，並於物色到具備合適知識、技能及經驗之人選時委任有關人選為本公司主席。董事的證券交易本公司已採納GEM上市規則第5.48至5.6

246、7條所載的交易必守標準（必守標準）作為董事進行證券交易之行為守則。經向全體董事作出特定查詢後，全體董事均已確認於截至二零一八年十二月三十一日止年度已遵守必守標準。確認獨立性本公司確認已接獲各獨立非執行董事根據GEM上市規則第5.09條規定就其獨立性發出之年度確認函，並認為該等獨立非執行董事均屬獨立人士。董事會本公司受董事會（董事會）監管，彼等須負責領導及監察本公司。董事負責指示及監控本集團之事務，共同帶領本集團邁向成功。董事會製訂本集團業務之策略及方向，並透過董事領導本集團的管理層團隊，使業務得以發展及提升股東價值。CORPORATE GOVERNANCE PRACTICESThe Compa

247、ny is committed to maintaining a high standard of corporate governance practices.It met all the code provisions of the Corporate Governance Code(“CG Code”)set out in Appendix 15 of GEM Listing Rules in the year ended 31 December 2018 except for the following deviation:Under code provision A.2.1 of t

248、he CG Code,the roles of chairman and chief executive should be separate and should not be performed by the same individual.The Company did not appoint a chairman from 19 April 2018.The Board will keep reviewing the current structure from time to time and appoint candidate with suitable knowledge,ski

249、ll and experience as chairman of the Company,if identified.DIRECTORS SECURITIES TRANSACTIONSThe Company has adopted the required standard of dealing set out in Rules 5.48 to 5.67 of GEM Listing Rules(the“Required Standard”)as the code of conduct regarding securities transactions by the Directors.Hav

250、ing made specific enquiry of all Directors,all Directors confirmed that they had complied with the Required Standard during the year ended 31 December 2018.CONFIRMATION OF INDEPENDENCEThe Company confirms it has received from each of its independent non-executive Directors an annual confirmation of

251、his/her independence pursuant to Rule 5.09 of GEM Listing Rules,and considers that the independent non-executive Directors to be independent.BOARD OF DIRECTORSThe Company is governed by a board of directors(the“Board”)which has the responsibility for leadership and control of the Company.The Directo

252、rs are collectively responsible for promoting the success of the Group by directing and supervising the Groups affairs.The Board set strategies and directions for the Groups activities and lead the Groups management team through the Directors with a view to developing its business and enhancing shar

253、eholder value.Global Strategic_B_AR.indb 4031/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 201841董事會（續）於截至二零一八年十二月三十一日止年度，董事會組成及各位董事於截至二零一八年十二月三十一日止年度出席董事會會議、董事委員會會議及股東大會的情況載於下表：不適用：不適用截至二零一八年十二月三十一日止年度，

254、董事會舉行十五次董事會會議，以檢討（其中包括）本集團的財務及營運表現，並討論業務方針及策略。會議議程及相關董事會文件已及時發送至全體董事。BOARD OF DIRECTORS(Continued)During the year ended 31 December 2018,the Boards composition and the individual attendance of each Director at the Board meetings,board committee meetings and shareholder meetings during the year ended

255、 31 December 2018 are set out in the table below:Attendance/Number of Meetings heldduring the tenure of his/her office in the year出席次數年內在彼任內舉行會議次數BoardMeetingHumanResources&RemunerationCommitteeNominationCommitteeAuditCommitteeShareholderMeeting董事會會議人力資源及薪酬委員會提名委員會審核委員會股東大會Executive Directors執行董事Mr.

256、Cheung Tuen Ting Chief Executive Officer張端亭先生，行政總裁15/15N/A不適用N/A不適用N/A不適用2/2Mr.Wu Guoming (appointed on 30 April 2018)吳國明先生（於二零一八年 四月三十日獲委任）4/8N/A不適用N/A不適用N/A不適用0/2Mr.Long Wenming (appointed on 8 January 2018)龍文明先生（於二零一八年 一月八日獲委任）12/14N/A不適用N/A不適用N/A不適用0/2Mr.Chen Hualiang (appointed on 8 January 201

257、8)陳華良先生（於二零一八年 一月八日獲委任）14/14N/A不適用N/A不適用N/A不適用0/2Mr.Han Leiping (appointed on 8 January 2018)韓磊平先生（於二零一八年 一月八日獲委任）14/14N/A不適用N/A不適用N/A不適用0/2Mr.Weng Lin Lei (resigned on 19 April 2018)翁凜磊先生（於二零一八年 四月十九日辭任）6/6N/A不適用N/A不適用N/A不適用N/A不適用Mr.Wei Yuetong (re-appointed on 5 February 2018 and resigned on 6 Jun

258、e 2018)魏月童先生（於二零一八年 二月五日獲重新委任及於 二零一八年六月六日辭任）2/5N/A不適用N/A不適用N/A不適用N/A不適用Independent Non-Executive Directors獨立非執行董事Ms.Kwan Sin Yee關倩兒女士10/153/33/34/50/2Mr.Leung Oh Man,Martin梁傲文先生14/153/33/34/51/2Mr.Sun Zhi Jun孫志軍先生15/153/33/34/50/2Ms.Huang Yu Jun黃玉君女士14/153/33/35/52/2N/A:Not applicableDuring the year

259、 ended 31 December 2018,the Board held fifteen Board meetings to review,among other matters,the Groups financial and operating performance and discuss the business direction and strategy.Agenda and accompanying board papers were sent to all Directors in a timely manner.Global Strategic_B_AR.indb 413

260、1/3/2019 1:11 AM42GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 2018董事會（續）無法親身出席董事會會議及股東大會的董事可以其他電子通訊方式參與。董事之履歷詳情載於本年報第17至22頁 董事及高級管理層的履歷 一節。本公司致力就所有董事之持續專業發展安排合適的培訓並提供有關經費。截至二零一八年十二月三十一日止年度及截至本報告刊發日期，張端亭先生、吳國明先生、龍文明先生

261、、陳華良先生、韓磊平先生、關倩兒女士、梁傲文先生、孫志軍先生及黃玉君女士在彼等各自的商務活動範疇內參與持續專業發展，從而發展並更新其知識及技能，確保其能繼續具備所需資訊及適切地對董事會作出貢獻。梁傲文先生已按照香港會計師公會的要求參與持續專業發展。董事亦參與其他培訓及專業發展，例如出席研討會，閱覽資料文獻，內容包括有關本集團或其行業及業務；規則及條例；商業管理；或上市公司董事的角色、職能及責任等。行政總裁行政總裁須負責領導董事會，確保董事會能有效益地履行其各方面之職務，並須負責釐定議程，以及考慮將其他董事所提出之事宜載入議程內。透過董事會，彼負責確保本集團有遵守良好企業管治常規及程序。BOAR

262、D OF DIRECTORS(Continued)Directors who could not attend in person could participate the Board meetings and Shareholder meetings through other electronic means of communications.The biographical information of the Directors are set out in the section headed“Biographical Details of Directors and Senio

263、r Management”on pages 17 to 22 in this annual report.The Company is committed to arranging and funding suitable training to all Directors for their continuous professional development.During the year ended 31 December 2018 and up to the date of this report,Mr.Cheung Tuen Ting,Mr.Wu Guoming,Mr.Long W

264、enming,Mr.Chen Hualiang,Mr.Han Leiping,Ms.Kwan Sin Yee,Mr.Leung Oh Man,Martin,Mr.Sun Zhi Jun and Ms.Huang Yu Jun engaged in business activities in their respective fields as continuous professional development to develop and refresh their knowledge and skills so as to ensure that their contributions

265、 to the Board remain informed and relevant.Mr.Leung Oh Man,Martin has participated in continuous professional development programs required by The Hong Kong Institute of Certified Public Accountants.The Directors also participated in other trainings and professional developments such as attending se

266、minars,studying reading materials relating to the Group or its industries and businesses;rules and regulations;business management;or the roles,functions and duties of a listed company director.CHIEF EXECUTIVE OFFICERThe Chief Executive Officer is responsible for the leadership of the Board,ensuring

267、 its effectiveness in all aspects of its role and for setting its agenda and taking into account any matters proposed by other directors for inclusion in the agenda.Through the Board,he is responsible for ensuring that good corporate governance practices and procedures are followed by the Group.Glob

268、al Strategic_B_AR.indb 4231/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 201843人力資源及薪酬委員會截至二零一八年十二月三十一日止年度，人力資源及薪酬委員會（薪酬委員會）共舉三次會議。薪酬委員會審閱及批準本集團（包括執行董事）之薪酬政策，及本集團執行董事及高層管理人員之薪酬水平。本公司根據守則所載之指引制訂薪酬委員會之職權範圍

269、，其職能之一為向董事會建議個別執行董事及高層管理人員的薪酬待遇。截至二零一八年十二月三十一日止年度，已付及應付董事之酬金載列於綜合財務報表附註16。截至二零一八年十二月三十一日止年度，本公司已付及應付之高層管理人員酬金介乎1,000,000港元至1,500,000港元。董事會成員多元化董事會已採納一項有關董事會成員多元化之政策（董事會成員多元化政策），該政策撮要如下：本公司致力令董事會保持優秀效益，務求平衡董事會所具備之技巧、經驗及多樣的觀點與角度，配合集團業務所需。當決定委任董事時，本公司之政策將考慮多項因素，包括（但不限於）性別、年齡、文化及教育背景、專業經驗、及其他本公司認為可對董事會之

270、表現帶來正面貢獻之資歷、技能及經驗。HUMAN RESOURCES AND REMUNERATION COMMITTEEDuring the year ended 31 December 2018,the Human Resources and Remuneration Committee(the“Remuneration Committee”)held three meetings.The Remuneration Committee has reviewed and approved the Groups remuneration policy,including that for the

271、 executive Directors,and the levels of remuneration paid to executive directors and senior management of the Group.The terms of reference of the Remuneration Committee follow the guidelines set out in the Code and it is responsible for,among other things,making recommendations to the Board on the re

272、muneration packages of individual executive Directors and senior management.The remuneration paid and payable to the Directors for the year ended 31 December 2018 is set out in note 16 to the consolidated financial statements.The remuneration paid and payable to the senior management of the Company

273、for the year ended 31 December 2018 is within the range of HK$1,000,000 to HK$1,500,000.BOARD DIVERSITYThe Board has adopted a policy concerning diversity of Board members(the“Board Diversity Policy”)which is summarized as follows:The Company is committed to maintaining a highly effective Board whic

274、h should have a balance of skills,experience and diversity of perspectives appropriate to the requirements of its business.When deciding on the appointment of directors,it is the policy of the Company to consider a number of factors,including but not limited to,gender,age,cultural and educational ba

275、ckground,professional experience,and other qualifications,skills and experience which the Company considers that it will make a positive contribution to the performance of the Board.Global Strategic_B_AR.indb 4331/3/2019 1:11 AM44GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告C

276、orporate Governance Report於二零一八年十二月三十一日 As At 31 December 2018董事會成員多元化（續）本公司之提名委員會（提名委員會）監察董事會成員多元化政策之執行，並不時作出檢討，在需要及適當時向董事會提出任何重要事宜或建議。董事會成員多元化政策有任何檢討、更新及修訂須經董事會通過。提名委員會本公司已參考守則釐訂提名委員會之職權範圍。提名委員會負責物色有潛質成為新任董事之人士，並就董事會作出決定提供推薦建議。由董事會委任之董事須於其獲委任後之首個股東週年大會上經股東重選。所有董事須最少每三年輪值退任一次。同時，根據本公司之組織章程細則，本公司每屆股

277、東週年大會上須有三分之一董事輪值退任及經股東重選。提名委員會於必要及適當時參考董事會成員多元化政策挑選有潛質成為新任董事之人士。截至二零一八年十二月三十一日止年度，提名委員會共舉行三次會議；其工作包括審閱董事會之架構、人數及組成、獨立非執行董事之獨立性及新董事之提名。BOARD DIVERSITY(Continued)The Nomination Committee of the Company(the“Nomination Committee”)monitors the implementation of the Board Diversity Policy and reviews it f

278、rom time to time and shall bring to the attention of the Board any significant issues or recommendations as and when necessary and appropriate.Any reviews,updates and amendments to the Board Diversity Policy shall be approved by the Board.NOMINATION COMMITTEEThe terms of reference of the Nomination

279、Committee have been determined with reference to the Code.The Nomination Committee is responsible for identifying potential new directors and making recommendations to the Board for decision.A director appointed by the Board is subject to re-election by shareholders at the first annual general meeti

280、ng after his/her appointment.All Directors are subject to retirement by rotation at least once every 3 years.In accordance with the Companys Articles of Association,one third of the directors are subject to retirement by rotation and re-election by shareholders at each annual general meeting of the

281、Company.Potential new Directors are selected with reference to the Board Diversity Policy whenever necessary and appropriate.The Nomination Committee held three meetings during the year ended 31 December 2018 and work performed included reviewing the structure,size and composition of the Board,the i

282、ndependence of the independent non-executive Directors and the nomination of new Directors.Global Strategic_B_AR.indb 4431/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 201845企業管治職能董事會已採納守則所載有關企業管治職能之職權範圍

283、，並已將本集團之企業管治職能指派予本公司審核委員會（審核委員會）。審核委員會審核委員會之職權範圍（包括其企業管治職能）按照守則所載之指引制訂。審核委員會職能之一為與本公司核數師建立關係、審閱本集團之財務資料及其財務申報、財務申報制度、風險管理及內部監控制度以及企業管治，包括本集團在會計及財務匯報職能方面的資源、員工資歷及經驗，以及員工所接受的培訓課程及有關預算是否足夠。審核委員會向董事會匯報任何跟其職權範圍相關之重要事宜。截至二零一八年十二月三十一日止年度，審核委員會共舉行五次會議，工作包括審閱本集團之季度、半年度及全年業績，其風險管理及內部監控系統，及刊登於本公司年報內之企業管治事宜。COR

284、PORATE GOVERNANCE FUNCTIONSThe Board has adopted the terms of reference for corporate governance functions set out in the Code and has delegated the Groups corporate governance functions to the Audit Committee of the Company(the“Audit Committee”).AUDIT COMMITTEEThe terms of reference of the Audit Co

285、mmittee,with the inclusion of the corporate governance functions,follow the guidelines set out in the Code.The Audit Committee is responsible for,among other things,having relationship with the Companys auditors,reviewing the Groups financial information and its financial reporting,financial reporti

286、ng system,risk management and internal control systems and corporate governance,including the adequacy of resources,staff qualifications and experience,training programmes and budget of the Groups accounting and financial reporting function.The Audit Committee reports to the Board any significant is

287、sues relating to its terms of reference.During the year ended 31 December 2018,the Audit Committee held five meetings and work performed included reviewing the Groups quarterly,half-yearly and annual results,its risk management and internal control systems,and corporate governance matters for inclus

288、ion in the Companys Annual Report.Global Strategic_B_AR.indb 4531/3/2019 1:11 AM46GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 2018核數師酬金截至二零一八年十二月三十一日止年度，就審核服務已付羅申美會計師事務所之酬金約為1,080,000港元。截至二零一七年十二月三十一日止年度就審核及非審核服務支付予德

289、勤 關黃陳方會計師行的酬金分別約為950,000港元及約1,080,000港元。德勤關黃陳方會計師行提供予本集團的非審核服務涉及稅務、季度業績及中期業績的審閱服務及持續關連交易的有限核證服務。問責及核數董事明白彼等有編製本公司賬目的責任。於二零一八年十二月三十一日，董事並不知悉任何可能會嚴重影響本公司持續經營能力的重大不明朗事件或情況。因此，董事已按持續經營基準編製本公司之綜合財務報告。外聘核數師對財務申報之責任載列於本公司截至二零一八年十二月三十一日止年度之綜合財務報表內之獨立核數師報告。AUDITORS REMUNERATIONThe remuneration paid to RSM Ho

290、ng Kong for audit services for the year ended 31 December 2018 amounted to approximately HK$1,080,000.The remuneration paid to Deloitte Touche Tohmatsu for audit and non-audit services for the year ended 31 December 2017 amounted to approximately HK$950,000 and approximately HK$1,080,000 respectivel

291、y.The non-audit services provided by Deloitte Touche Tohmatsu to the Group were in relation to the review service on taxation,quarter results,interim results,and limited assurance services on continuing connected transaction.ACCOUNTABILITY AND AUDITThe Directors acknowledge their responsibility for

292、preparing the accounts of the Company.As at 31 December 2018,the Directors are not aware of any material uncertainties relating to events or conditions which may cast significant doubt upon the Companys ability to continue as a going concern.Accordingly,the Directors have prepared the consolidated f

293、inancial statements of the Company on a going-concern basis.The responsibilities of the external auditors about their financial reporting are set out in the Independent Auditors Report attached to the Companys consolidated financial statements for the year ended 31 December 2018.Global Strategic_B_A

294、R.indb 4631/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 201847問責及核數（續）董事會已按照守則條文，透過審核委員會對本集團風險管理及內部監控系統之效益進行檢討，以保障股東之投資及本公司之資產。目的在於合理（而非絕對地）保證並無重大失實陳述、錯誤、損失或欺詐，以及管理而非抵銷未能達致本集團業務目標之風險。風險管理及內部監控本集團維持有效的內部

295、監控及風險管控系統，包括設有明確責任及授權界線的部分組織安排，以及全面系統及監控程序，以始終保障本公司股東的投資及本集團的資產。審核委員會代表董事會履行風險管理及內部監控職責，以監督管理層制定、維護及監控有效的風險管理及內部監控系統。審 核 委 員 會 審 閱 截 至 二 零 一 八 年 十 二 月三十一日止年度本集團的風險管理及內部監控系統，並認為有關系統屬有效及充分。董事會考慮審核委員會執行的審閱，評估本集團風險管理及內部監控的有效程度。本集團的風險管理及內部監控系統已經獨立專業人士分開審閱。本公司遵守守則所載與內部監控有關的守則條文。ACCOUNTABILITY AND AUDIT(Co

296、ntinued)The Board has,through the Audit Committee,conducted a review of the effectiveness of the Groups risk management and internal control system with an aim to safeguard the shareholders investment and the Companys assets in compliance with the provisions of the Code.The purpose is to provide rea

297、sonable,but not absolute,assurance against material misstatements,errors,losses or fraud,and to manage rather than eliminate risks of failure in achieving the Groups business objectives.RISK MANAGEMENT AND INTERNAL CONTROLThe Group maintains an effective internal control and risk management systems.

298、It consists,in part,of organisational arrangements with defined lines of responsibility and delegation of authority,and comprehensive systems and control procedures in order to safeguard the investment of the Companys shareholders and the Groups assets at all times.The Audit Committee performs the d

299、uties of risk management and internal control on behalf of the Board to oversee the management in the establishment,maintenance and monitoring of effective risk management and internal control systems.The Audit Committee reviewed the Groups risk management and internal control systems in respect of

300、the year ended 31 December 2018 and considered the system effective and adequate.The Board assessed the effectiveness of the Groups risk management and internal control by considering the reviews performed by the Audit Committee.The Groups risk management and internal control systems have segmented

301、reviewed by an independent professional party.The Company complies with the code provisions relating to internal control contained in the Code.Global Strategic_B_AR.indb 4731/3/2019 1:11 AM48GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日

302、 As At 31 December 2018公司秘書自二零一六年十月七日起，公司秘書為陳恒先生。彼於截至二零一八年十二月三十一日止年度已接受合共不少於15小時的相關專業培訓。股息政策本公司尋求於達致股東預期以及具可持續股息政策之審慎資本管理之間維持平衡。本公司之股息政策旨在令股東可參與本公司之溢利，並令本公司可保留充足儲備以供未來增長之用。於建議派付任何股息時，本公司將考慮多項因素，包括本公司及本集團之實際及預期財務表現、本集團之目前及未來營運、本集團之債務權益比率水平、本集團之流動資金狀況及資本需要、整體市況以及董事會視為適當之任何其他因素。股東通訊本公司與其股東一直透過不同渠道保持溝通，

303、包括於公司網頁.hk刊登公佈及全年、中期及季度報告、以及舉行本公司股東大會。本公司鼓勵所有股東出席股東大會，股東可透過公司網頁.hk，或以書面形式送交本公司香港主要辦事處香港灣仔告士打道80號15樓，向董事會提問有關本集團之事宜。董事、公司秘書或其他合適之高級管理層將儘快回應股東之提問。主席、行政總裁、董事會轄下委員會之主席（或其代表）、及外聘核數師均出席股東週年大會，並回答股東之提問。股東亦可登入本公司網頁查閱本集團的資料。COMPANY SECRETARYThe company secretary is Mr.Chan Hank,Daniel since 7 October 2016.He

304、 undertook totally not less than 15 hours of relevant professional training during the year ended 31 December 2018.DIVIDEND POLICYThe Company seeks to maintain a balance between meeting the shareholders expectations and prudent capital management with a sustainable dividend policy.The Companys divid

305、end policy aims to allow shareholders to participate in the Companys profit and for the Company to retain adequate reserves for future growth.In proposing any dividend payout,the Company would consider various factors including the Company and the Groups actual and expected financial performance,the

306、 Groups current and future operations,the level of the Groups debts to equity ratio,liquidity position and capital requirement of the Group,general market conditions and any other factors that the Board deems appropriate.COMMUNICATIONS WITH SHAREHOLDERSThe Company maintains an on-going dialogue with

307、 its shareholders through various channels including announcements and annual,interim and quarterly reports published on its website at .hk and the Companys general meetings.All shareholders are encouraged to attend general meetings and they may put to the Board any enquiries about the Group through

308、 its website at .hk or in writing sent to the principal office of the Company at 15/F,80 Gloucester Road,Wan Chai,Hong Kong.The Directors,company secretary or other appropriate members of senior management respond to enquiries from shareholders promptly.The Chairman,the Chief Executive Officer,chair

309、men of board committees(or their respective delegates)and external auditors attend the annual general meeting and are available to answer questions raised by shareholders.Shareholders may also access the Companys corporate website for the Groups information.Global Strategic_B_AR.indb 4831/3/2019 1:1

310、1 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報企業管治報告Corporate Governance Report於二零一八年十二月三十一日 As At 31 December 201849股東通訊（續）根據本公司組織章程細則第58條，任何於呈遞要求日期持有不少於本公司實繳股本（附有於本公司股東大會投票權利）十分之一的股東，於任何時候有權透過向董事會或公司秘書發出書面要求，要求董事會召開股東特別大會，以處理有關要求中指明的任何事項（包括任何建議）；該大會應於呈遞該要求後兩個月內舉行。倘呈遞後二十一日內董事會未

311、有開始召集該大會，則呈遞要求人士可自行以同樣方式作出此舉。章程文件於截至二零一八年十二月三十一日止年度，董事會並不知悉本公司章程文件的任何重大變動。本公司的組織章程大綱及章程細則可於聯交所網站及本公司網站獲取。董事編製綜合財務報表的責任 董事承認彼等須負責根據香港會計師公會頒佈之香港財務報告準則編製真實而公平之本集團綜合財務報表（綜合財務報表）。董事將盡力確保於財務申報中對本集團之表現、狀況及前景作出平衡、清晰及合理之評估。因此，選擇及貫徹使用合適之會計政策；所作出之判斷及估計當屬審慎及合理。本公司核數師關於其對綜合綜合財務報表申報責任的聲明載於第50至第57頁獨立核數師報告。COMMUNIC

312、ATIONS WITH SHAREHOLDERS(Continued)Pursuant to Article 58 of the Companys Articles of Association,shareholders holding at the date of deposit of the requisition not less than one-tenth of the paid up capital of the Company carrying the right of voting at general meetings of the Company shall at all

313、times have the right,by written requisition to the Board or the company secretary,to require an extraordinary general meeting to be called by the Board for the transaction of any business(including any proposals)specified in such requisition,and such meeting shall be held within two months after the

314、 deposit of such requisition.If within twenty-one days of such deposit the Board fails to proceed to convene such meeting the requisitionists themselves may do so in the same manner.CONSTITUTIONAL DOCUMENTSThe Board is not aware of any significant changes in the Companys constitutional documents dur

315、ing the year ended 31 December 2018.Memorandum and articles of association of the Company is available on both the website of the Stock Exchange and the Company.DIRECTORS RESPONSIBILITY IN PREPARING THE CONSOLIDATED FINANCIAL STATEMENTSThe Directors acknowledge their responsibility for preparing the

316、 consolidated financial statements of the Group(the“Consolidated Financial Statements”)which give a true and fair view and are in accordance with Hong Kong Financial Reporting Standards published by the Hong Kong Institute of Certified Public Accountants.The Directors endeavor to ensure a balanced,c

317、lear and understandable assessments of the Groups performance,position and prospects in financial reporting.Accordingly,appropriate accounting policies are selected and applied consistently;judgments and estimates made are prudent and reasonable.The statement of the Companys auditors about their rep

318、orting responsibilities on the Consolidated Financial Statements is set out in the Independent Auditors Report on page 50 to page 57.Global Strategic_B_AR.indb 4931/3/2019 1:11 AM50GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報獨立核數師報告Independent Auditors Report 致環球戰略集團有限公司列位股東（於開曼群島

319、註冊成立之有限公司）意見本核數師行已完成審核載於第58頁至第219頁環球戰略集團有限公司（貴公司）及其附屬公司（貴集團）之綜合財務報表。綜合財務報表包括於二零一八年十二月三十一日之綜合財務狀況表，截至該日止年度之綜合損益及其他全面收益表、綜合股本權益變動表及綜合現金流動表，以及綜合財務報表附註，包括主要會計政策概要。本核數師行認為，該等綜合財務報表已根據香港會計師公會（香港會計師公會）頒佈的香港財務報告準則（香港財務報告準則）真實而公平地反映 貴集團於二零一八年十二月三十一日的綜合財務狀況以及其截至該日止年度的綜合財務表現及綜合現金流量，並已按照香港公司條例的披露規定妥為編製。意見的基準本核數

320、師行已根據香港會計師公會頒佈的香港審計準則（香港審計準則）進行審計。本核數師行在該等準則下的責任已於本報告 核數師就審計綜合財務報表須承擔的責任 一節中作進一步闡述。根據香港會計師公會頒佈的 專業會計師道德守則（守則），本核數師行獨立於 貴集團，並已履行守則中的其他道德責任。本核數師行相信，本核數師行所獲得的審計憑證能充足及適當地為本核數師行的審計意見提供基礎。TO THE SHAREHOLDERS OF GLOBAL STRATEGIC GROUP LIMITED(Incorporated in the Cayman Islands with limited liability)OPINIO

321、NWe have audited the consolidated financial statements of Global Strategic Group Limited(the“Company”)and its subsidiaries(the“Group”)set out on pages 58 to 219,which comprise the consolidated statement of financial position as at 31 December 2018,and the consolidated statement of profit or loss and

322、 other comprehensive income,consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended,and notes to the consolidated financial statements,including a summary of significant accounting policies.In our opinion,the consolidated financial statements give

323、 a true and fair view of the consolidated financial position of the Group as at 31 December 2018,and of its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards(“HKFRSs”)issued by the Hong Kong Institute

324、 of Certified Public Accountants(the“HKICPA”)and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.BASIS FOR OPINIONWe conducted our audit in accordance with Hong Kong Standards on Auditing(“HKSAs”)issued by the HKICPA.Our responsibilitie

325、s under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated Financial Statements section of our report.We are independent of the Group in accordance with the HKICPAs Code of Ethics for Professional Accountants(the“Code”),and we have fulfilled our

326、other ethical responsibilities in accordance with the Code.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Global Strategic_B_AR.indb 5031/3/2019 1:11 AMGLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT 2018 年報獨立核數師報告Independ

327、ent Auditors Report 51關鍵審計事項關鍵審計事項為根據本核數師行的專業判斷，認為對本期間綜合財務報表的審計最為重要的事項。該等事項於本核數師行審計整體綜合財務報表及出具意見時處理，而本核數師行不會對該等事項提供獨立的意見。所識別的關鍵審計事項如下：KEY AUDIT MATTERSKey audit matters are those matters that,in our professional judgment,were of most significance in our audit of the consolidated financial statements

328、 of the current period.These matters were addressed in the context of our audit of the consolidated financial statements as a whole,and in forming our opinion thereon,and we do not provide a separate opinion on these matters.The key audit matters we identified are:Key Audit Matter關鍵審計事項How our audit

329、 addressed the Key Audit Matter本核數師行的審計如何處理關鍵審計事項1.Impairment of goodwill,intangible assets and property,plant and equipment商譽、無形資產以及物業、廠房及設備的減值We identified the impairment of goodwill,intangible assets and property,plant and equipment arising from Yichang Biaodian Natural Gas Utilisation Co.,Ltd(fo

330、rmerly known as Yichang Zhongyou Natural Gas Utilisation Co.,Ltd)(“Yichang Biaodian”)as a key audit matter due to the fact that Yichang Biaodian incurred loss of HK$36,334,000 in the current year.本核數師行將從宜昌市標典天然氣利用有限公司（前稱為宜昌中油天然氣利用有限公司）（宜昌標典）產生的商譽、無形資產以及物業、廠房及設備的減值確定為關鍵審計事項，此乃由於宜昌標典於本年度產生虧損36,334,000

331、港元。Our procedures in relation to impairment assessment included:本核數師行有關減值評估的程序包括：Assessing the competence,capabilities and objectivity of the managements independent valuer,and verifying the qualifications of the valuer;discussing the scope of its work with the management and reviewing its terms of

332、engagement to determine that there were no matters that affected its objectivity or imposed scope limitations upon it;評估管理層獨立估值師的勝任能力、專業能力及客觀性，並核驗估值師的資格；與管理層討論其工作範圍及審閱其委聘條款，以釐定並無事項影響其客觀性或對其施加範圍限制；Global Strategic_B_AR.indb 5131/3/2019 1:11 AM52GLOBAL STRATEGIC GROUP LIMITED 環球戰略集團有限公司 ANNUAL REPORT

333、2018 年報獨立核數師報告Independent Auditors Report Key Audit Matter關鍵審計事項How our audit addressed the Key Audit Matter本核數師行的審計如何處理關鍵審計事項1.Impairment of goodwill,intangible assets and property,plant and equipment(Continued)商譽、無形資產以及物業、廠房及設備的減值（續）As stated in note 22,the Group engaged an independent professional valuer to carry out an impairment assessment by estimating the recoverable amount of the cash-gene