Microware Group Limited

1985

KYG609061075

IT Services & Consulting

Market Closed - Hong Kong S.E. Other stock markets 01:38:05 31/05/2024 pm IST			5-day change	1st Jan Change
1.1 ^HKD	+0.92%		+12.24%	+29.41%

09/05	Microware Group to Form 2 Units for AI Strategic Planning	MT
08/05	Microware Group Limited Announces Establishment of Two Wholly-Owned Subsidiaries in Shanghai, PRC to Launch AI Infrastructure Solutions Business	CI

Microware : Annual Report 2021

July 22, 2021 at 06:58 pm IST

Microware Group Limited

美高域集團有限公司

(incorporated in the Cayman Islands with limited liability)

Stock Code: 1985

ANNUAL REPORT

Contents

Corporate Information	2
Highlights of the Year	3
Chairman's Statement	6
Management Discussion and Analysis	8
Profile of Directors and Senior Management	12
Corporate Governance Report	15
Directors' Report	26
Environmental, Social and Governance Report	40
Independent Auditor's Report	66
Consolidated Statement of Profit or Loss and Other Comprehensive Income	71
Consolidated Statement of Financial Position	72
Consolidated Statement of Changes in Equity	73
Consolidated Statement of Cash Flows	74
Notes to the Consolidated Financial Statements	76
Financial Summary	132

Annual Report 2021

Corporate Information

BOARD OF DIRECTORS

Executive Directors

CHU Ming Ho

(Chairman and Chief Executive Officer of the Group) YANG Peter Shun Tsing
CHENG Wing Fai (appointed on 1 March 2021)

Non-Executive Director

WAN Yiu Hon

Independent Non-Executive Directors

LI Wai Man

CHENG Tak Chung

LI Richard King Hang

AUDIT COMMITTEE

LI Wai Man (Chairlady)

CHENG Tak Chung

LI Richard King Hang

REMUNERATION COMMITTEE

LI Richard King Hang (Chairman)

CHU Ming Ho

CHENG Tak Chung

NOMINATION COMMITTEE

CHU Ming Ho (Chairman)

CHENG Tak Chung

LI Richard King Hang

COMPANY SECRETARY

CHAN Wai Hing Gloria (HKICPA)

AUTHORISED REPRESENTATIVES

CHU Ming Ho

(Chairman and Chief Executive Officer of the Group) CHAN Wai Hing Gloria

AUDITOR

Deloitte Touche Tohmatsu

Registered Public Interest Entity Auditors

LEGAL ADVISERS

As to Hong Kong Law

Sidley Austin

Solicitors, Hong Kong

REGISTERED OFFICE

Conyers Trust Company (Cayman) Limited

Cricket Square

Hutchins Drive

P.O. Box 2681

Grand Cayman

KY1-1111

Cayman Islands

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

1/F, Century Centre 44-46 Hung To Road Kwun Tong Kowloon

Hong Kong

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE IN CAYMAN ISLANDS

Conyers Trust Company (Cayman) Limited

Cricket Square

Hutchins Drive

P.O. Box 2681

Grand Cayman

KY1-1111

Cayman Islands

BRANCH SHARE REGISTRAR AND TRANSFER OFFICE IN HONG KONG

Tricor Investor Services Ltd.

Level 54, Hopewell Centre

183 Queen's Road East,

Hong Kong

PRINCIPAL BANKS

Industrial and Commercial Bank of China (Asia) Limited Dah Sing Bank Limited

Hang Seng Bank Limited

DBS Bank (Hong Kong) Limited

COMPANY'S WEBSITE

www.microware1985.com

STOCK CODE

1985

02 Microware Group Limited

Highlights of the Year

Business Activities

1		In the past year, Microware has organised end-users webinars
	with different partners to promote our value-added services
	and create business opportunities.

Annual Report 2021

Highlights of the Year


2		It is Microware's honor to receive the continuous support
	from different business partners and we are looking
	forward to reaching another milestone together in the
	coming years.

04 Microware Group Limited

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Disclaimer

Microware Group Ltd. published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 13:27:07 UTC.

Latest news about Microware Group Limited

Microware Group to Form 2 Units for AI Strategic Planning	09/05	MT
Microware Group Limited Announces Establishment of Two Wholly-Owned Subsidiaries in Shanghai, PRC to Launch AI Infrastructure Solutions Business	08/05	CI
Microware Group Chairman Increase Ownership in Company	16/04	MT
Microware Group Chairman to Complete Share Acquisition Deal with Microware Holdings in Two Tranches	04/04	MT
Microware Group Limited Announces Board Changes	26/02	CI
Microware Group Director Partially Completes Sale of Shares to Chairman	08/02	MT
Microware to Sell 35 Million Shares to Chairman	02/02	MT
Microware Group Limited Appoints Zhang Ting as Executive Director with Effect from 10 January 2024	10/01	CI
Microware Group CEO Steps Down	06/12	MT
Microware Group Limited Announces Resignation of Chu Ming Ho as Chief Executive Officer	05/12	CI
Microware Group Limited Announces Management Changes	05/12	CI
Microware Group Director Sells Nearly 12% Stake in Firm to Chairman for HK$48 Million	28/11	MT
Microware's Profit Drops 29.4% in Fiscal H1	28/11	MT
Wang Guangbo entered into a sale and purchase agreement to acquire 11.67% stake in Microware International Holdings Limited for HKD 47.6 million.	28/11	CI
Microware Group Limited Announces Interim Dividend for the Six Months Ended 30 September 2023, Payable on 29 December 2023	27/11	CI
Microware Group Limited Reports Earnings Results for the Half Year Ended September 30, 2023	27/11	CI
Microware Group Limited Announces Board Changes	26/23/26	CI
Microware Group Exec Cuts Ownership in Firm With Sale of 38% Stake	13/23/13	MT
Microware Group Limited Announces Board Changes	11/23/11	CI
Microware Group Limited Approves Final Dividend for the Year Ended 31 March 2023	16/23/16	CI
Microware Group to Vote Aug. 16 on Share Issue and Repurchase Mandate	13/23/13	MT
Microware Group Limited Announces Board Appointments	06/23/06	CI
Wang Guang acquired 14.16% stake in Microware Group Limited from Microware International Holdings Limited for HKD 57.8 million.	28/23/28	CI
Microware Group Limited Recommends 2023 Final Dividend, Payable on or About September 01, 2023	19/23/19	CI
Microware Group Limited Declares 2023 Special Dividend, Payable on or About, 26 July 2023	19/23/19	CI

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Company Profile

Microware Group Limited is an investment holding company. The principal activity of the company is principally engaged in the provision of information technology (IT) infrastructure solutions services and information technology managed services in Hong Kong. The Company runs its business via two segments. IT Infrastructure Solutions Services which usually entail assessment of our clientsâ needs and existing IT infrastructure, design of solutions and integration of the hardware and software procured from a number of manufacturers or authorised distributors. IT Managed Services contain warranty services in addition to the original warranty when the clients consider the original warranty is insufficient, as well as maintenance and support services after expiration of warranty.

Sector

IT Services & Consulting

Calendar

28/06/2024 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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