uba investments limited開明投資有限公司(incorporated in the cayman islands with limited liability)（於開曼群島註冊成立之有限公司）stock code 股份代號 : 7682024annual report年報 corporate informationmanagement discussion and analysisprofile of directorsreport of the directorscorporate governance reportenvironmental, social and governance reportindependent auditor’s reportconsolidated statement of profit or loss and other comprehensive incomeconsolidated statement of financial positionconsolidated statement of changes in equityconsolidated statement of cash flowsnotes to the consolidated financial statements公司資料 2管理層討論與分析 4董事會人員資料 23董事會報告 26企業管治報告 39環境、社會及管治報告 56獨立核數師報告 73綜合損益及其他全面收益表 79 綜合財務狀況表 80綜合權益變動表 81綜合現金流動表 82綜合財務報表附註 83contents目錄 uba investments limited 開明投資有限公司2corporate information公司資料board of directorsexecutive directorsdr. wong yun kuen (chairman)mr. cheng wai lun, andrewmr. chau wai hingindependent non-executive directorsmr. kwok ming fai, cpadr. fung lewis hungmr. tang hon bui, ronaldms. kwok yuen lam, sophia (appointed on 12 july 2024)company secretarymr. leung man lai, cpaauditorsasian alliance (hk) cpa limitedcertified public accountants (practising)audit committeemr. kwok ming fai, cpa (chairman)dr. fung lewis hungmr. tang hon bui, ronaldms. kwok yuen lam, sophia (appointed on 12 july 2024)remuneration committeemr. kwok ming fai, cpa (chairman)dr. fung lewis hungmr. tang hon bui, ronaldmr. cheng wai lun, andrewms. kwok yuen lam, sophia (appointed on 12 july 2024)nomination committeemr. kwok ming fai, cpa (chairman)dr. fung lewis hungmr. tang hon bui, ronaldmr. cheng wai lun, andrewms. kwok yuen lam, sophia (appointed on 12 july 2024)principal bankerocbc bank (hong kong) limited董事會執行董事黃潤權博士（主席）鄭偉倫先生周偉興先生獨立非執行董事郭明輝先生，cpa馮振雄醫生鄧漢標先生郭婉琳女士（於二零二四年七月十二日獲委任）公司秘書梁文禮先生，cpa核數師華融（香港）會計師事務所有限公司執業會計師審核委員會郭明輝先生，cpa（主席）馮振雄醫生鄧漢標先生郭婉琳女士（於二零二四年七月十二日獲委任）薪酬委員會郭明輝先生，cpa（主席）馮振雄醫生鄧漢標先生鄭偉倫先生郭婉琳女士（於二零二四年七月十二日獲委任）提名委員會郭明輝先生，cpa（主席）馮振雄醫生鄧漢標先生鄭偉倫先生郭婉琳女士（於二零二四年七月十二日獲委任）主要往來銀行華僑銀行（香港）有限公司 annual report 2024 年報3corporate information公司資料stock codehong kong stock exchange: 768websitehttp://www.uba.com.hkinvestment managerupbest assets management limitedprincipal place of business in hong kongflat b, 16th floor, wah kit commercial centre300 des voeux road centralhong kongregistered officep.o. box 309ugland house grand cayman ky1-1104cayman islandscayman islands principal registrarsuntera (cayman) limitedsuite 3204, unit 2a, block 3,building d, p.o. box 1586,gradenia court, camana bay,grand cayman, ky1-1100cayman islandshong kong branch registrartricor standard limited17th floor,far east finance centre,no. 16 harcourt road, hong kong股票代號香港聯合交易所：768網址http://www.uba.com.hk投資經理美建管理有限公司香港主要營業地點香港德輔道中300號華傑商業中心16樓b室註冊辦事處p.o. box 309ugland house grand cayman ky1-1104cayman islands開曼群島主要股份過戶登記處suntera (cayman) limitedsuite 3204, unit 2a, block 3,building d, p.o. box 1586,gradenia court, camana bay,grand cayman, ky1-1100cayman islands香港股份過戶登記分處卓佳標準有限公司香港夏愨道16號遠東金融中心17樓 uba investments limited 開明投資有限公司4management discussion and analysis管理層討論與分析business reviewfor the year ended 31 march 2024, uba investments limited and its subsidiaries (the “group”) recorded a loss of approximately hk$7.4 million (2023: hk$14.4 million) made up of realised gain and unrealised loss of hk$0.14 million and hk$5.9 million respectively in relation to the listed securities (2023: realised and unrealised loss of hk$0.55 million and hk$11.9 million respectively), and unrealised loss of hk$1.95 million in relation to the unlisted equity investment (2023: unrealised loss of hk$0.9 million). the loss per share was hk0.58 cents (2023: hk1.13 cents). gross proceeds from disposal of trading securities significantly decreased 86% from hk$20.9 million to hk$2.9 million as the group reduced the investment proportion on trading listed securities under the prevalent uncertainty of the macroeconomic environment which was mainly affected by interest rate hike in the u.s. during the year. it was also in line with the decreased securities market turnover (main board and gem listed in hong kong) of approximately 20% during the same period. thereafter, we can minimise any potential loss generated in the highly volatile stock markets, as the group needs to be prudent and keeps those high yield and blue chip listed securities in order to generate dividend income for operations and sufficient fund to meet any investment opportunities. as at 31 march 2024, the net asset value decreased by 8.2% from hk$90.1 million to hk$82.7 million, in line with the decrement of 19% of the hsi during this year.throughout the corresponding period, the global and local equity markets had experienced intense volatility. the group’s proactive investment strategy is to maximise profit for shareholders, through investment in listed securities with relat