SHANGHAIQINGPU：FIRSTQUARTERLYREPORT2025.pdf

《SHANGHAIQINGPU：FIRSTQUARTERLYREPORT2025.pdf》由會員分享，可在線閱讀，更多相關《SHANGHAIQINGPU：FIRSTQUARTERLYREPORT2025.pdf（15頁珍藏版）》請在三個皮匠報告上搜索。

1、2025FIRST QUARTERLY REPORTCHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITEDGEM 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 investo

2、rs should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.Given that the companies listed on GEM are generally small and mid-sized companies,there is a risk that securities traded on GEM may be more suscep

3、tible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for

4、the contents of this report,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.This report,for which the directors(the“Directors”)of Sha

5、nghai Qingpu Fire-Fighting Equipment Co.,Ltd(the“Company”,together with its subsidiaries,the“Group”)collectively and individually accept full responsibility,includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange(the“GEM Listing Rules”

6、)for the purpose of giving information with regard to the Company.The Directors,having made all reasonable enquiries,confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive,and t

7、here are no other matters the omission of which would make any statement herein or this report misleading.1 H SHARE SHARE REGISTRAR AND TRANSFER OFFICEComputershare Hong Kong Investor Services Limited46th Floor,Hopewell Centre183 Queens Road EastWanchai,Hong KongREGISTERED OFFICE1988 Jihe RoadHua Xi

8、n TownQingpu District,ShanghaiPeoples Republic of ChinaPRINCIPAL PLACE OF BUSINESS IN HONG KONGUnit 2605,Island Place Tower510 Kings RoadNorth Point,Hong KongCORPORATE INFORMATIONBOARD OF DIRECTORSExecutive DirectorsMr.Zhou Jin HuiMr.Shi Hui XingMr.Zhou Guo PingIndependent Non-Executive DirectorsMr.

9、Song Zi ZhangMr.Wang Guo ZhongMs.Zhu Yi JuanAUDIT COMMITTEEMs.Zhu Yi JuanMr.Song Zi ZhangMr.Wang Guo ZhongAUTHORISED REPRESENTATIVEMr.Chan Chi Wai BennyMr.Shi Hui XingCOMPANY SECRETARYMr.Chan Chi Wai BennyAUDITORSFAI(HONG KONG)CPA LimitedPRINCIPAL BANKERSChina Construction Bank Huaxin Sub-branch 2 Q

10、UARTERLY RESULTS(UNAUDITED)The Board of Directors(the“Board”)of Shanghai Qingpu Fire-Fighting Equipment Co.,Ltd.(the“Company”,and together with its subsidiaries,collectively the“Group”)presents the unaudited results of the Group for the three months ended 31 March 2025(the“Period”)together with the

11、unaudited comparative figures for the corresponding period in 2024,as follows:UnauditedThree months ended 31 March20252024NotesRMB000RMB000Revenue319,45816,568Cost of sales(13,887)(12,404)Gross profit5,5714,164Other income and gains3493945Selling and distribution expenses(1,073)(732)Administrative e

12、xpenses(2,936)(2,694)Finance cost(59)(71)Provision for expected credit loss(“ECL”)allowance on trade receivables,net(34)Profit before tax1,9961,578Income tax(expense)/credit4(310)(493)Profit for the period and total comprehensive income for the period1,6861,085 Attributable to:Owners of the Company9

13、99156 Non-controlling interests687929 1,6861,085 Earnings per share attributable to ordinary equity holders of the Company(RMB)5 Basic(cents)0.530.08 Diluted(cents)0.530.08 3 Notes:1.GENERALShanghai Qingpu Fire-Fighting Equipment Factory was transformed into a joint stock limited liability company i

14、n the Peoples Republic of China(the“PRC”)on 1 December 2000 and was renamed as Shanghai Qingpu Fire-Fighting Equipment Co.,Ltd.(“上海青浦消防器材股份有限公司”)(the“Company”together with its subsidiaries,the“Group”).The registered office of the Company is located at No.1988,Jihe Road,Hua Xin Town,Qingpu District,S

15、hanghai,the PRC and its principal place of business in Hong Kong is situated at Unit 2605,Island Place Tower,510 Kings Road,North Point,Hong Kong.The Companys H shares are listed on the GEM of The Stock Exchange of Hong Kong Limited(the“Stock Exchange”).During the period,the Group was involved in th

16、e following principal activities:manufactureandsaleofpressurevessels(includingfire-fightingequipmentproductsandpressurevessels products);salesofmarinefire-fightingequipmentandprovisionofrelatedinstallationandinspectionservices;provisionoffiretechnologyinspectionservices;manufactureandsalesofaquarium

17、products;tradingofotherproducts;andleaseofofficebuildingandindustrialproperties.In the opinion of the directors(the“Directors”)of the Company,the Companys immediate holding company is 聯城消防集團股份有限公司(literally translated as“Liancheng Fire-Fighting Group Joint Stock Co.,Ltd.”,“Liancheng”),a limited liab

18、ility company established in the PRC,and the ultimate holding company is 浙江恒泰房地產有限公司(literally translated as“Zhejiang Hengtai Real Estate Company Limited”,“Zhejiang Hengtai”),a limited liability company established in the PRC.2.PRINCIPAL ACCOUNTING POLICIESThe unaudited condensed consolidated financ

19、ial statements of the Group have been prepared in accordance with International Financial Reporting Standards(“IFRSs”)(which include all International Financial Reporting Standards,International Accounting Standards(“IASs”)and Interpretations)promulgated by the International Accounting Standards Boa

20、rd(“IASB”).The condensed consolidated financial statements also comply with the applicable disclosure requirements of the Hong Kong Companies Ordinance and the Rules Governing the Listing of Securities on the GEM(the“GEM Listing Rules”)of the Stock Exchange.The financial information has been prepare

21、d under the historical convention,except for investment properties and financial assets at fair value through profit or loss,which are measured at fair value.The unaudited condensed consolidated financial statements for the three months ended 31 March 2025 are unaudited,but have been reviewed by the

22、 audit committee of the Company.The accounting policies adopted are consistent with those followed in the preparation of the Groups annual consolidated financial statements for the year ended 31 December 2024.The IASB has issued several amendments to IFRSs that are first effective for the current ac

23、counting period of the Group.None of these developments has had a material effect on how the Groups results for the current or prior periods have been prepared or presented in this report.The Group has not applied any new standard or interpretation that is not yet effective for the current accountin

24、g period.4 3.REVENUE,OTHER INCOME AND GAINSAn analysis of the Groups revenue,other income and gains is as follows:UnauditedThree months ended31 March20252024RMB000RMB000Revenue from contracts with customersSales of pressure vessels6,7075,563Sales of aquarium products7,1616,755Sales of marine fire-fi

25、ghting equipment2,9471,452Inspection services fee7671,029 17,58214,799Revenue from other sourcesGross rental income1,8761,769 19,45816,568 Other income and gainsInterest income2031Realised gains on financial assets at fair value through profit or loss390629Government grant*230Exchange gain,net6150Ot

26、hers225 493945 Total revenue,other income and gains19,95117,513 *The Group did not receive unconditional government grant(three months ended 31 March 2024:RMB230,000)for the three months ended 31 March 2025 in respect of subsidies for supporting enterprises development.There were no unfulfilled cond

27、itions or contingencies attaching to these government subsidies.5 4.INCOME TAX(EXPENSE)/CREDITNo provision for Hong Kong profits tax has been made as the Group had no assessable profits arising in Hong Kong during the three months ended 31 March 2025(three months ended 31 March 2024:Nil).According t

28、o the Announcement of the State Administration of Taxation on Issues Relating to Implementation of Inclusive Income Tax Relief Policy for Small Low-profit Enterprises,a lower corporate income tax(“CIT”)rate is applicable to small scale enterprises with low profitability that meet certain conditions,

29、pursuant to which,(i)the first RMB1,000,000 of assessable profits(the“1st Assessable Profits”)of these subsidiaries are effective taxable at 5%(i.e.20%CIT rate on 25%of the 1st Assessable Profits)(three months ended 31 March 2024:5%(i.e.20%CIT rate on 25%of the 1st Assessable Profits);and(ii)the rem

30、aining assessable profits not over RMB3,000,000(the“Remaining Assessable Profits”)are taxable at 5%(i.e.20%CIT rate on 25%of the Remaining Assessable Profits)(three months ended 31 March 2024:5%(i.e.20%CIT rate on 25%of the Remaining Assessable Profits).Certain of the Companys subsidiaries have been

31、 designated as a small scale enterprise.Under the Corporate Income Tax Law,the CIT for other companies in the Group is calculated at a rate of 25%(three months ended 31 March 2024:25%)on the estimated assessable profits for the three months ended 31 March 2025.UnauditedThree months ended31 March2025

32、2024RMB000RMB000Current tax PRC Charge for the period(126)(102)Deferred tax(184)(391)(310)(493)5.EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE COMPANYThe calculation of the basic earnings per share for the three months ended 31 March 2025 is based on the profit attributable to ow

33、ners of the Company of approximately RMB999,000(three months ended 31 March 2024:approximately RMB156,000),and on the number of 187,430,000(31 March 2024:187,430,000)ordinary shares in issue during the period.No adjustment has been made to the basic earnings per share amounts for the three months en

34、ded 31 March 2025 and 2024 in respect of a dilution as the Group had no potentially dilutive ordinary shares in issue during those periods.6.DIVIDENDNo dividend was paid or declared by the Company during the three months ended 31 March 2025(three months ended 31 March 2024:Nil).6 7.EQUITYAttributabl

35、e to owners of the Company Paid upcapitalSharepremiumCapitalreserveStatutoryreservefundDiscretionarycommonreservefundRetainedprofitsTotalNon-controllinginterestsTotalequityRMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000RMB000As at 1 January 202518,74310,91046,12111,5731,50061,693150,54023,403173,94

36、3Profit for the period and total comprehensive income for the period9999996871,686Fair value of land use right granted by shareholder and non-controlling interests248248212460 As at 31 March 202518,74310,91046,36911,5731,50062,692151,78724,302176,069 As at 1 January 202418,74310,91045,14311,0141,500

37、57,902145,21217,812163,024Profit for the period and total comprehensive income for the period1561569291,085Fair value of land use right granted by shareholder and non-controlling interests248248212460 As at 31 March 202418,74310,91045,39111,0141,50058,058145,61618,953164,569 8.RELATED PARTY TRANSACT

38、IONSDuring the three months ended 31 March 2024,the Group did not provide inspection service to a related company,上海石化消防工程有限公司(controlled by a director of Zhejiang Hengtai)(literally translated as“Shanghai Petro-Chemical Fire-fighting Engineering Company Limited”)(three months ended 31 March 2025:RM

39、B3,000).7 BUSINESS AND FINANCIAL REVIEWTurnoverFor the three months ended 31 March 2025,the Group recorded a turnover of approximately RMB19,458,000(three months ended 31 March 2024:RMB16,568,000),representing an increase of 17%over the corresponding period of last year.This is mainly due to the inc

40、rease in sales of pressure vessels and marine fire-fighting equipment.Gross profitFor the three months ended 31 March 2025,the Groups overall gross profit was approximately RMB5,571,000(three months ended 31 March 2024:RMB4,164,000).The gross profit ratio excluding gross rental income and related co

41、st,was 24%for the three months ended 31 March 2025(three months ended 31 March 2024:19%).The increase was mainly due to increase in sale of marine fire-fighting equipment,which has high gross profit margin.Other income and gainsFor the three months ended 31 March 2025,the Groups other income and gai

42、ns decreased to approximately RMB493,000 from RMB945,000,representing a decrease of 47%over the corresponding period of last year.This is mainly because of the decrease in realised gains on financial assets at fair value through profit or loss and the absence of government grant during the period.Se

43、lling and distribution expensesFor the three months ended 31 March 2025,the Groups selling and distribution expenses increased to approximately RMB1,073,000 from RMB732,000,representing an increase of 47%over the corresponding period of last year.This is mainly due to the increase in sales of pressu

44、re vessels and aquarium products during the three months ended 31 March 2025.Administrative expensesFor the three months ended 31 March 2025,the Groups administrative expenses increased to approximately RMB2,936,000 from RMB2,694,000,representing an increase of 9%over the corresponding period of las

45、t year.This is mainly because of the increase in general administrative cost for operation purpose.Finance costsFor the three months ended 31 March 2025,the Groups finance costs were approximately RMB59,000(three months ended 31 March 2024:RMB71,000),mainly representing interest incurred during the

46、three months ended 31 March 2025 for bank borrowings obtained to partially financing the payment of consideration for the acquisition of production plant in prior year.8 Profit for the periodFor the three months ended 31 March 2025,the Group recorded a profit before tax for the period of approximate

47、ly RMB1,996,000(three months ended 31 March 2024:RMB1,578,000).Income tax(expense)/creditPursuant to the relevant PRC tax regulations,the normal Corporate Income Tax(“CIT”)rate is 25%.According to the Announcement of the State Administration of Taxation on Issues Relating to Implementation of Inclus

48、ive Income Tax Relief Policy for Small Low-profit Enterprises,a lower corporate income tax(“CIT”)rate is applicable to small scale enterprises with low profitability that meet certain conditions,pursuant to which,(i)the first RMB1,000,000 of assessable profits(the“1st Assessable Profits”)of these su

49、bsidiaries are effective taxable at 5%(i.e.20%CIT rate on 25%of the 1st Assessable Profits)(three months ended 31 March 2024:5%(i.e.20%CIT rate on 25%of the 1st Assessable Profits);and(ii)the remaining assessable profits not over RMB3,000,000(the“Remaining Assessable Profits”)are taxable at 5%(i.e.2

50、0%CIT rate on 25%of the Remaining Assessable Profits)(three months ended 31 March 2024:5%(i.e.20%CIT rate on 25%of the Remaining Assessable Profits).Certain of the Companys subsidiaries have been designated as a small scale enterprise.Non-controlling interestsFor the three months ended 31 March 2025

51、,profit for the period attributable to non-controlling interests was approximately RMB687,000(three months ended 31 March 2024:profit of RMB929,000).The decrease was mainly attributable to the decrease in profits of certain non-wholly-owned subsidiaries for the Period when compared with three months

52、 ended 31 March 2024.BUSINESS REVIEWThe Groups fire extinguisher products cover three categories,carbon dioxide,water-based,and dry powder.The wide product range offered by the Group can meet the diversified needs of the customers.In addition,the Groups manufacturing of fire extinguisher products ar

53、e granted with the Certificates of Type Approval by the China Classification Society,Shanghai Branch.The Groups pressure cylinders have obtained the manufacturing licence in the PRC and they meet the quality standards and requirements of the United States of America and the European Union.The Groups

54、 pressure cylinders are manufactured under a valid licence in the PRC and conform to the quality requirements of both the United States and the European Union.This commitment to international standards has bolstered the Groups competitiveness in domestic and export markets.9 During the three months

55、ended 31 March 2025,the Company has resolved to discontinue the manufacturing and sale of fire extinguishers,a product within the Groups fire-fighting equipment products segment that has persistently generated losses,with effect from 1 April 2025.In addition to its core fire safety offerings,the Gro

56、up continues to manufacture and sell pressure vessels,provides fire technology inspection services,and installs marine fire-fighting equipment.Ancillary segments such as the sale of aquarium products and property investments have also contributed to revenue.These non-core operations are continuously

57、 reviewed to ensure they complement the Groups primary focus on fire safety solutions without compromising overall portfolio efficiency.Overall,the Groups strong operational performance and adherence to rigorous quality standards position it as a reliable provider of comprehensive fire safety soluti

58、ons in a competitive industry.PROSPECTLooking ahead to 2025 and beyond,the Company remains committed to strengthening its market position and actively pursuing growth opportunities within its core business areas.Following the announcement on 8 December 2024 regarding the very substantial acquisition

59、(the“VSA”)of a fire safety training business,the Group is optimistic about the growth potential of this new venture.The completion of the VSA is subject to the fulfillment of certain conditions precedent,including satisfactory due diligence,regulatory approvals,shareholder approval,transfer of key a

60、ssets,and compliance with all legal and contractual requirements.Once these conditions are met,the Company will integrate the Target Group as a wholly-owned subsidiary,allowing it to offer comprehensive fire safety training solutions,enhance its existing product and service offerings,and align with

61、its long-term strategic objectives.The Company remains confident in its ability to achieve sustainable growth through a combination of organic expansion,strategic acquisitions,and continuous innovation.Despite potential macroeconomic and industry-specific challenges,the Groups strong financial posit

62、ion,diversified business portfolio,and prudent risk management strategies will provide resilience and support long-term value creation.The Board of Directors remains dedicated to driving sustainable growth and maximizing shareholder value by leveraging the Groups strong market position,expanding its

63、 product and service offerings,and capitalizing on emerging opportunities within the fire safety sector.The integration of the Target Group,combined with the Groups core strengths and operational efficiencies,positions the Company well for a promising future.The Group will continue to monitor market

64、 trends,adapt to evolving regulatory landscapes,and explore new opportunities to maintain its competitive edge.As part of its strategic review,the Group will evaluate opportunities for consolidation,restructuring,and,where necessary,the disposal of non-core or underperforming business segments to op

65、timize resources and enhance profitability.10 DIRECTORS AND SUPERVISORS INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURESAs at 31 March 2025,the interests and short positions of the Directors and supervisors of the Company in the shares,underlying shares and debentures of the

66、Company and its associated corporations(within the meaning of Part XV of the Securities and Futures Ordinance(the“SFO”)as recorded in the register required to be kept under Section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the minimum standards of deal

67、ing by directors as referred to in Rule 5.46 of the Rules Governing the Listing of Securities on the GEM(the“GEM Listing Rules”),were as follows:Long positions in shares of the CompanyNameCapacityNumber ofsharesApproximatepercentage oftotal issuedshare capitalMr.Zhou Jin Hui(Note 1)Held by controlle

68、d corporation133,170,00071.05%Note:1.Liancheng hold 131,870,000 domestic shares of the Company.Liancheng Fire Protection Group(Hong Kong)Company Limited,a 100%subsidiary of Liancheng,holds 1,300,000 H shares of the Company.Zhejiang Hengtai owns 80%of Liancheng and Mr.Zhou Jin Hui owns 58%of Zhejiang

69、 Hengtai.Accordingly,Mr.Zhou Jin Hui is deemed to be interested in 131,870,000 domestic shares and 1,300,000 H shares in the Company.Liancheng is owned as to 80%by Zhejiang Hengtai and 20%by Mr.Zhou Jin Hui.Save as disclosed above,as at 31 March 2025,none of the Directors and supervisors of the Comp

70、any has any interests and short positions in the shares,underlying shares and debentures of the Company and its associated corporations(within the meaning of Part XV of the SFO)as recorded in the register required to be kept under Section 352 of the SFO or as otherwise notified to the Company and th

71、e Stock Exchange pursuant to the minimum standards of dealing by directors as referred to in Rule 5.46 of the GEM Listing Rules.11 SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURESAs at 31 March 2025,the following persons(other than t

72、he Director and supervisors of the Company)have interests and short positions in the shares and underlying shares of the Company as recorded in the register required to be kept under section 336 of the SFO:NameCapacityNumber ofsharesApproximatepercentage oftotal registeredShare capitalLiancheng Fire

73、-Fighting Group Company Limited(Note 3)Beneficial owner131,870,000(Note 1)70.36%Held by controlled corporation1,300,000(Note 2)0.69%Zhejiang Hengtai Real Estate Joint Stock Co.,Ltd.Held by controlled corporation131,870,000(Note 1)70.36%Held by controlled corporation1,300,000(Note 2)0.69%Mr.Zhou Jin

74、HuiHeld by controlled corporation131,870,000(Note 1)70.36%1,300,000(Note 2)0.69%Notes:1.All represent domestic shares of the Company.2.Liancheng hold 131,870,000 domestic shares of the Company.Liancheng Fire Protection Group(Hong Kong)Company Limited,a wholly-owned subsidiary of Liancheng,holds 1,30

75、0,000 H shares of the Company.Zhejiang Hengtai owns 80%of Liancheng.Accordingly,Zhejiang Hengtai is deemed to be interested in 131,870,000 domestic shares and 1,300,000 H shares in the Company.Liancheng is owned as to 80%by Zhejiang Hengtai and 20%by Mr.Zhou Jin Hui.3.On 12 January 2017,the board of

76、 directors of the Company was notified that,an aggregate of 131,870,000 domestic shares of the Company(the“Pledged Shares”)held by Liancheng have been pledged in favour of an independent third party(the“Lender”)as a security for a loan amount of RMB198,000,000 provided by the Lender to Liancheng(the

77、“2017 Loan”).The Pledged Shares will be released if Liancheng makes a partial repayment amounting to RMB63,000,000 to the Lender.Relevant shares pledge registration procedures have been completed with China Securities Depository and Clearing Corporation Limited.As of 12 January 2017 and the date of

78、this report,the Pledged Shares represent approximately 70.36%and 100%of the issued share capital and domestic shares of the Company,respectively.Save as disclosed above,the Company has not been notified of any other person had relevant interests representing 5 percent or more in the issued shares ca

79、pital of the Company as at 31 March 2025.12 DIRECTORS AND SUPERVISORS INTERESTS IN CONTRACTSTo the best knowledge of the Board,save as disclosed in note 8 of this report,no contracts of significance in relation to the Companys business to which the Company was a party and in which any persons who we

80、re Directors and supervisors of the Company during the three months ended 31 March 2025 had a material interest,whether directly or indirectly,subsisted at 31 March 2025 or at any time during the three months ended 31 March 2025.PURCHASE,SALE OR REDEMPTION OF THE COMPANYS LISTED SECURITIESDuring the

81、 three months ended 31 March 2025,the Company did not purchase,sell or redeem any of the Companys listed securities.CORPORATE GOVERNANCEThe Company wishes to state that it has complied with all code provisions set out in the Code on Corporate Governance Practices contained in the Appendix 15 of the

82、GEM Listing Rules(the“Code”)during the period.(1)Corporate Governance PracticesThe Company is committed to promoting good corporate governance,with the objectives of(i)the maintenance of responsible decision making,(ii)the improvement in transparency and disclosure of information to shareholders,(ii

83、i)the continuance of respect for the rights of shareholders and the recognition of the legitimate interests of the shareholders,and(iv)the improvement in management of risk and the enhancement of performance by the Company.The Company has applied Appendix 15 of the GEM Listing Rules with these objec

84、tives in mind.(2)Directors Securities TransactionsThe Company has adopted a code of conduct regarding directors securities transactions on terms no less exacting than the required standard of dealings as set out in Rules 5.48 to 5.67 of the GEM Listing Rules.Having made specific enquiry of the Direc

85、tors of the Company,all Directors have complied with the required standard of dealings and code of conduct regarding securities transactions by directors.13 AUDIT COMMITTEEThe Company has an audit committee(the“Audit Committee”)established with written terms of reference in compliance with GEM Listi

86、ng Rules.The primary duties of the Audit Committee are to review and supervise the financial reporting process and internal controls of the Group and to provide advice to the Directors of the Company.The Audit Committee comprises three independent non-executive Directors,namely Ms.Zhu Yi Juan,Mr.Wan

87、g Guo Zhong and Mr.Song Zi Zhang.The Audit Committee has reviewed the Groups unaudited results for the three months ended 31 March 2025 and has provided advice and comments thereon.By order of the BoardShanghai Qingpu Fire-Fighting Equipment Co.,Ltd.Zhou Jin HuiChairmanShanghai,13 May 2025As at the

88、date of this report,the executive Directors are Mr.Zhou Jin Hui,Mr.Shi Hui Xing and Mr.Zhou Guo Ping;and the independent non-executive Directors are Mr.Wang Guo Zhong,Ms.Zhu Yi Juan and Mr.Song Zi Zhang.This report will be published on the GEM website on the“Latest Company Announcement”page for at least 7 days from the date of publication and on the website of the Company .