PDF《GRACE WINE HOLDINGS LIMITED》

GRACEWINEHOLDINGSLIMITED 怡园酒业控股有限公司(Incorporated in the Cayman Islands with limited liability) STOCK CODE :

8146 A n n u a l R e p o r t

2018 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK 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 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 susceptible 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 take no responsibility for 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 Grace Wine Holdings Limited ( Grace Wine or the Company , and together with its subsidiaries, the Group , we or our ) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (the GEM Listing Rules ) 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 there are no other matters the omission of which would make any statement herein or this report misleading.

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160 Corporate Information Chairlady'

s Statement Management Discussion and Analysis Directors and Senior Management Corporate Governance Report Environmental, Social and Governance Report Report of Directors Independent Auditor'

s Report Consolidated Statement of Profit or Loss Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to Financial Statements Financial Summary CONTENTS

2 GRACE WINE HOLDINGS LIMITED Annual Report

2018 Corporate Information BOARD OF DIRECTORS Executive Directors Ms. Judy Chan (Chairlady, Chief Executive Officer) Mr. Fan Chi Chiu Non-executive Directors Ms. Hou Tan Tan Danielle Mr. Chow Christer Ho Independent non-executive Directors Mr. Ho Kent Ching-tak Mr. Lim Leung Yau Edwin Mr. Alec Peter Tracy COMPLIANCE OFFICER Mr. Fan Chi Chiu COMPANY SECRETARY Mr. Chiu Ming King AUTHORISED REPRESENTATIVES Mr. Fan Chi Chiu Mr. Chiu Ming King AUDIT COMMITTEE Mr. Lim Leung Yau Edwin (Chairman) Mr. Chow Christer Ho Mr. Ho Kent Ching-tak REMUNERATION COMMITTEE Mr. Alec Peter Tracy (Chairman) Ms. Hou Tan Tan Danielle Mr. Lim Leung Yau Edwin NOMINATION COMMITTEE Ms. Judy Chan (Chairlady) Mr. Chow Christer Ho Mr. Ho Kent Ching-tak COMPLIANCE ADVISER Southwest Securities (HK) Capital Limited 40/F, Lee Garden One

33 Hysan Avenue Causeway Bay Hong Kong AUDITOR Ernst &

Young Certified Public Accountants 22/F, CITIC Tower