ANUAL REPORT

2024/25

年报

年

报

2024/25 年报 • 龙升集团控股有限公司1

CORPORATE INFORMATION

公司资料

董事会

执行董事

叶育杰先生（主席）（行政总裁）

张振辉先生

独立非执行董事

李国麟先生

陈华胜先生

丁昕女士（于二零二四年十二月十二日获委任）

陈家宇先生（于二零二四年十二月三十一日辞任）

审核委员会

李国麟先生（主席）

陈华胜先生

丁昕女士（于二零二四年十二月三十一日获委任）

陈家宇先生（于二零二四年十二月三十一日辞任）

薪酬委员会

陈华胜先生（主席）

（于二零二四年十二月三十一日调任主席）

叶育杰先生

丁昕女士（于二零二四年十二月三十一日获委任）

陈家宇先生（于二零二四年十二月三十一日辞任）

提名委员会

叶育杰先生（主席）

李国麟先生

丁昕女士（于二零二四年十二月三十一日获委任）

陈家宇先生（于二零二四年十二月三十一日辞任）

公司秘书

梁海祺先生

授权代表

张振辉先生

梁海祺先生

注册办事处

Windward 3, Regata Ofice Park

PO Box 1350

Grand Cayman KY1-1108

Cayman Islands

总部及香港主要营业地点

香港

九龙

尖沙咀

科学馆道1号

康宏广场

北座28楼09室

BOARD OF DIRECTORS

Executive Directors

Mr. Yip Yuk Kit (Chairman) (Chief Executive Oficer)

Mr. Cheung Chun Fai

Independent Non-executive Directors

Mr. Le Kwok Lun

Mr. Chan Wa Shing

Ms. Ding Xin (apointed on 12 December 2024)

Mr. Chan Ka Yu (resigned on 31 December 2024)

AUDIT COMITE

Mr. Le Kwok Lun (Chairman)

Mr. Chan Wa Shing

Ms. Ding Xin (apointed on 31 December 2024)

Mr. Chan Ka Yu (resigned on 31 December 2024)

REMUNERATION COMITE

Mr. Chan Wa Shing (Chairman)

(re-designated as Chairman on 31 December 2024)

Mr. Yip Yuk Kit

Ms. Ding Xin (apointed on 31 December 2024)

Mr. Chan Ka Yu (resigned on 31 December 2024)

NOMINATION COMITE

Mr. Yip Yuk Kit (Chairman)

Mr. Le Kwok Lun

Ms. Ding Xin (apointed on 31 December 2024)

Mr. Chan Ka Yu (resigned on 31 December 2024)

COMPANY SECRETARY

Mr. Leung Hoi Ki

AUTHORISED REPRESENTATIVES

Mr. Cheung Chun Fai

Mr. Leung Hoi Ki

REGISTERED OFICE

Windward 3, Regata Ofice Park

PO Box 1350

Grand Cayman KY1-1108

Cayman Islands

HEADQUARTERS AND PRINCIPAL PLACE OF

BUSINES IN HONG KONG

Unit 09, 28/F, North Tower

Concordia Plaza

1 Science Museum Road

Tsim Sha Tsui

Kowlon

Hong Kong

2024/25 年报 • 龙升集团控股有限公司3

CORPORATE INFORMATION

公司资料

法律顾问

有关香港法律

ZM Lawyers

香港律师

香港

中环

德辅道中88–98号

中环88，20楼

开曼群岛股份过户登记总处

Ocorian Trust (Cayman) Limited

Windward 3, Regata Ofice Park

PO Box 1350

Grand Cayman KY1-1108

Cayman Islands

香港股份过户登记分处

宝德隆证券登记有限公司

香港

北角

电气道148号

21楼2103B室

核数师

致同（香港）会计师事务所有限公司

香港

铜锣湾

恩平道28号

利园二期11楼

主要来往银行

香港上海汇丰银行有限公司

恒生银行有限公司

公司网站

w.kitke.com.hk

股份代号

LEGAL ADVISER

As to Hong Kong Law

ZM Lawyers

Solicitors, Hong Kong

20/F, Central 88

Nos. 88–98 Des Voeux Road Central

Central

Hong Kong

CAYMAN ISLANDS PRINCIPAL SHARE

REGISTRAR AND TRANSFER OFICE

Ocorian Trust (Cayman) Limited

Windward 3, Regata Ofice Park

PO Box 1350

Grand Cayman KY1-1108

Cayman Islands

HONG KONG BRANCH SHARE REGISTRAR AND

TRANSFER OFICE

Boardrom Share Registrars (HK) Limited

2103B, 21/F

148 Electric Road

North Point

Hong Kong

AUDITOR

Grant Thornton Hong Kong Limited

11/F, Le Garden Two

28 Yun Ping Road

Causeway Bay

Hong Kong

PRINCIPAL BANKS

The Hongkong and Shanghai Banking Corporation Limited

Hang Seng Bank Limited

COMPANY’S WEBSITE

w.kitke.com.hk

STOCK CODE

CORPORATE PROFILE

企业简介

4DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

企业简介

龙升集团控股有限公司（「龙升集团」）是一间服

务香港建造及基建行业的综合企业集团，始创

于一九七年，基于卓越的营运表现而发展。

凭借数十载的丰富经验，本集团专门从事全港

公营及私营发展项目的地基工程。

近年来，龙升集团展开策略转型，从传统建造

业发展为一个多元化平台，涵盖新型建筑材料

贸易及新世代能源解决方案。本集团将继续坚

定不移地支持香港在未来迈向可持续发展及智

能城市的愿景。

转型核心乃其创新的商用电动车电池更换业

务。通过提供快速且可扩展的能源解决方案，

龙升集团旨在克服传统电动车充电的限制，并

协助重塑香港的绿色交通格局。凭著现有的强

大行业伙伴关系，本集团正为建立更洁净、更

智能的交通网络奠定基础。

凭借数十载的专业营运经验及前瞻性视野，龙

升集团经已做好准备，在香港建造及能源发展

的新篇章中扮演重要角色。

CORPORATE PROFILE

Dragon Rise Group Holdings Limited (“Dragon Rise”) is a

comprehensive enterprise group serving Hong Kong’s construction

and infrastructure sector, built on a foundation of operational

excelence since 1977. With decades of experience, the Group

specialises in foundation works for both public and private sector

developments acros the city.

In recent years, Dragon Rise has embarked on a strategic

transformation, evolving from its rots in construction into a

diversified platform spaning new construction material trading,

next-generation energy solutions. The Group remains firmly

comited to suporting Hong Kong’s transition toward a more

sustainable and inteligent urban future.

At the heart of this transformation is its pionering batery-swaping

busines for comercial electric vehicles (EVs). By delivering

fast, scalable energy solutions that overcome the limitations of

conventional EV charging, Dragon Rise is helping reshape Hong

Kong’s gren mobility landscape. With strong industry partnerships

in place, the Group is laying the groundwork for a cleaner, smarter

transportation network.

forward-loking vision, Dragon Rise Group is poised to play a vital

role in the next chapter of Hong Kong’s construction and energy

evolution.

CHAIRMAN’S STATEMENT

主席报告

2024/25 年报 • 龙升集团控股有限公司5

致各位股东：

本人谨代表龙升集团控股有限公司（「本公司」

及其附属公司（统称「本集团」）董事（「董事」）会

（「董事会」），欣然提呈本集团截至二零二五年

三月三十一日止年度（「回顾年度」）之年报。

过去一年，全球经济开始回稳，尽管增长幅度

有限。全球经济幸免于衰退，惟与疫情前的水

平相比，增长动力仍然疲弱。地缘政治的不明

确定性继续为全球市场构成挑战。作为亚太地

区的国际金融中心，香港在保持自身独特色

的同时，对这些变化仍然敏感。于二零二四

年，本地生产总值实质增长2.5%，在已发展经

济体中表现相对稳定。

房地产一直是香港经济的基石，近年来房地产

发展放缓，对包括建造业在内的多个行业产

生了涟漪效应。根据香港差饷物业估价署的

资料，截至二零二四年底，香港私人住宅价格

指数较二零二一年九月下跌26.93%，显示市

场气氛低迷。与本集团更直接相关的是，据

香港特别行政区政府（「政府」）统计处报告，二

零二四年打桩及相关地基工程的总值按年下跌

17.2%，突显建造业竞争激烈及利润率面对的

压力。

面对这些挑战，本集团策略性地扩大服务范围

及涉足新行业。从最初的地基工程，本集团已

发展为一个更广泛的基建平台，涵盖建筑服务

（包括地基及小型基建工程）；建筑材料贸易；

以及专注于电动汽车电池交换解决方案的新能

源基础设施。

尽管新能源分部仍处于早期阶段，并未在回顾

年度产生收益，但建筑服务及材料贸易仍为本

集团贡献强劲的收益。于回顾年度，本集团的

总收益约为1,314.1百万港元，较截至二零二

四年三月三十一日止年度（「去年」）的945.9百万

港元增加约38.9%。随著收益增加，本集团录

得毛利48.3百万港元，较去年的39.5百万港元

增加约22.3%。该等业绩不仅反映严谨的营运

纪律，同时亦显示出多元化业务模式的适应能

力。

Dear Shareholders,

On behalf of the board (the “Board”) of directors (the “Directors”)

of Dragon Rise Group Holdings Limited (the “Company”) and its

subsidiaries (colectively, the “Group”), I am pleased to present the

anual report of the Group for the year ended 31 March 2025 (the

“Review Year”).

In the past year, the global economy has begun to stabilise, albeit

with modest growth. While a global recesion was avoided,

momentum remained subdued compared to pre-pandemic levels.

Geopolitical uncertainties also continued to cast a shadow over

global markets. As an international financial centre in the Asia-

Pacific region, Hong Kong remains sensitive to these dynamics while

retaining distinct local characteristics. In 2024, its real GDP grew

2.5%, showing a relatively stable performance among developed

economies.

Real estate has long ben a cornerstone of Hong Kong’s economy,

and its slowdown in recent years has had a riple efect acros

industries, including construction. Acording to the Rating and

Valuation Department of Hong Kong, as of the end of 2024,

the private residential price index in Hong Kong had declined by

26.93% from September 2021, signaling subdued sentiment. More

directly relevant to the Group, the Census and Statistics Department

of the Government of Hong Kong Special Administrative Region (the

“Government”) reported a 17.2% year-on-year decrease in the total

value of piling and related foundation works in 2024, highlighting

the fierce competition and margin presure faced by players in our

sector.

Amid these chalenges, our Group strategicaly expanded both

the scope of services it provides and the sectors it engages in.

From its origins in foundation works, our Group has evolved into a

broader infrastructure platform encompasing: construction services

(including foundation and micro-infrastructure construction); trading

of construction materials; and new energy infrastructure, with a

focus on batery-swaping solutions for electric vehicles.

While the new energy segment is stil in its early stages and has yet

to generate revenue during the Review Year, construction services

and materials trading remained strong revenue contributors.

During the Review Year, our Group’s total revenue amounted to

aproximately HK$1,314.1 milion, increasing aproximately 38.9%

compared to HK$945.9 milion from the year ended 31 March 2024

(“Last Year”). With the increase in revenue, it recorded a gros

profit of HK$48.3 milion, an increase of aproximately 22.3%

from Last Year’s HK$39.5 milion. These results reflect not only

our operational discipline but also the resilience of our diversified

busines model.

6DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CHAIRMAN’S STATEMENT

主席报告

推出新能源计划乃本集团面向未来的转型重点

之一，专注于为香港电动的士引入电池交换基

建。此项里程碑反映了我们对推动香港可持续

交通的承诺，并为更广泛的业界合作及未来增

长奠定基础。

展望未来，我们仍需注意持续的不确定性。根

据世邦魏理仕研究部的分析，预计市场在二零

二五年将继续面临供过于求及经济不明朗的挑

战。美国新政府的经济政策及利率走势亦会影

响香港住宅及物业投资市场的趋势。尽管如

此，随著政府计划持续改善城市基建及提供可

负担房屋，本集团认为基建及清洁能源均具备

新兴潜力。

在复杂的商业环境中，我们相信毅力与适应力

都是生存及获利的关键。本集团致力于在传统

建造业中脱颖而出，专注于品质、安全及客户

满意度。同时，我们也乐于接受策略调整，以

迎接新的趋势，探索新的领域，以增加利润。

我们相信，唯有如此，方能实现可持续发展，

符合股东的期望。

主席兼执行董事

叶育杰

A highlight of our Group’s future-oriented transformation is the

launch of our new energy initiative, focused on batery-swaping

infrastructure for introducing electric taxis to Hong Kong. This

milestone reflects our comitment to advancing sustainable

mobility in Hong Kong, and lays the groundwork for broader

industry colaboration and future growth.

Loking ahead, we remain mindful of continued uncertainty.

Acording to research from the CBRE Research Department, the

market is expected to continue facing chalenges of oversuply and

economic uncertainty in 2025. The economic policies of the new

U.S. administration, as wel as interest rates, wil also influence the

trends in the residential and property investment market in Hong

Kong. Nevertheles, with the Government’s plans to continuously

improve the city’s infrastructure and provide afordable housing,

our Group ses emerging potential in both infrastructure and clean

energy.

In a complex busines environment, we believe that both

perseverance and adaptability are key to survival and profitability.

Our Group is comited to exceling in the traditional construction

industry with a focus on quality, safety, and customer satisfaction.

At the same time, we are open to strategic adjustments to embrace

new trends and explore new areas for increased profits. We believe

that only by doing so can we achieve sustainable development and

met the expectations of our shareholders.

Yip Yuk Kit

Chairman and Executive Director

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

2024/25 年报 • 龙升集团控股有限公司7

INDUSTRY OVERVIEW

Over the past year, the Government has introduced various

initiatives to stimulate the economy, focusing on enhancing

exchanges and trade betwen Hong Kong, the international

comunity, and mainland China. Key measures included the

adjustments made to the “New Capital Investment Entrant Scheme”

and the promotion of the “Event Economy”, injecting fresh energy

into Hong Kong’s economic recovery. However, the benefits

brought about by these measures remained limited in the context of

broader economic headwinds.

In a bid to revive the local real estate sector, the Government

removed several taxes for non-permanent residents buying

properties and raised loan-to-value ratios. While these measures

initialy bosted transaction volumes, the efect on overal property

prices was marginal, underscoring weak end-user demand. This

environment also led to a decline in the number of new construction

sites breaking ground.

As a comprehensive enterprise group ofering construction and

infrastructure services in Hong Kong, the Group is navigating

a competitive landscape. The local construction industry is also

grapling with structural isues such as an ageing workforce and

elevated labour costs, resulting in extended construction timelines

and cost presures, particularly when benchmarked against regional

pers. In response, the Group has sought to build resilience by

diversifying its operations while reinforcing its core strengths.

BUSINES REVIEW AND OUTLOK

The Group is a comprehensive enterprise group serving Hong

Kong’s construction and infrastructure sector, with decades of

experience, mainly engaging in construction services (specialising in

foundations and Micro-Infrastructure Construction) and trading of

construction materials. The Group has established capabilities acros

a broad spectrum of foundation-related works, including (i) ELS and

pile cap construction works; (i) disposal of excavated materials from

piling; and (i) ancilary services including dismantling of shoring,

site formation, stel fixing and site clearance. Kit Ke Enginering

Limited (“Kit Ke Enginering”), the principal operating subsidiary,

is registered with the Construction Industry Council under the

Subcontractor Registration Scheme under the sub-register of the

structural and civil trade group.

行业概览

过去一年，政府推出多项刺激经济措施，重点

加强香港与国际社会及中国内地的交流与贸

易。主要措施包括调整「新资本投资者入境计

划」及推动「盛事经济」，为香港经济复苏注入新

动力。然而，在更广泛的经济逆境下，这些措

施所带来的裨益仍然有限。

为了重振本地房地产业，政府已取消多项针对

非永久性居民购买房地产的税项，并提高贷款

成数。尽管这些措施初期能刺激成交量，但对

整体房地产价格的影响轻微，突显终端使用者

需求疲弱。这种环境也导致新动工建筑地盘数

量下降。

作为一间在香港提供建筑及基建服务的综合企

业集团，本集团正处于竞争激烈的环境。本

地建造业亦面对结构性问题，例如劳动力老

化及劳工成本上升，导致施工时间延长及成本

压力，尤其是与邻近地区同业比较，差异更见

明显。有见及此，本集团在巩固核心优势的同

时，亦致力透过多元化业务增强应变能力。

业务回顾及展望

本集团乃于香港建筑及基建行业屹立数十年的

综合企业集团，主要从事建造服务（专门从事地

基及小型基建工程）及建筑材料贸易。本集团在

地基相关工程方面已建立广泛的承办能力，包

括(i)厚积挖掘及桩帽工程；(i)处置打桩的挖掘

物料；及(i)配套服务（包括拆除侧向承托、地

盘平整、扎固钢筋及地盘清理）。主要营运附属

公司杰记工程有限公司（「杰记工程」）于建造业

议会根据分包商注册制度于结构及土木行业组

别分册注册。

8DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

于回顾年度，尽管市场整体表现低迷，凭借稳

固的客户关系及卓越的建筑质素声誉，本集团

获授14个项目，原合约总额约为1,227.7百万港

元。本年度的总收益达到1,314.1百万港元，

较截至二零二四年三月三十一日止年度增加

38.9%。本集团的毛利为48.3百万港元，较截

至二零二四年三月三十一日止年度的39.5百万

港元增加约22.3%。

于回顾年度内，本集团新成立的新能源分部取

得初步进展。本集团成立了新附属公司，从事

电动商用汽车贸易以及电池更换站的兴建与营

运。尽管该分部尚未产生收益，但标志著本集

团向洁净能源领域迈出了第一步，为未来发展

奠定基础。

地缘政治的紧张局势继续拖累宏观经济环境。

特别是二零二五年上半年发生的若干重大的经

济事件，当中以美国向中国征收额外关税作为

贸易施压措施，对香港的影响尤为突出。尽管

目前这场贸易对峙经已透过有关各方的多轮磋

商逐渐缓和，但未来宏观经济的发展前景仍被

不明朗因素所笼罩。

本集团的核心业务依然集中于地基及建筑相关

服务。政府持续在全港（特别是新界）落实基建

计划，以缓解市中心压力。然而，私人发展商

的项目仍受房地产市场低迷的影响，短期内难

有改善。

在此等情况下，本集团向相关成长行业作多元

化发展。鉴于电动汽车渐成主流，加上国产电

动汽车的市场占有率不断攀升，本集团已成立

新附属公司，专门从事电动商用汽车贸易及营

运电池更换站。管理层相信，电池更换模式在

香港尚未被充分开发，对先行者来说是极具潜

力的「蓝海」机会。

展望未来，本集团将继续致力于为既有业务提

供优质服务，同时积极探索新的拓展领域。与

中国内地伙伴的持续合作以及参与新兴基建及

洁净能源项目，预计将有助于未来发展。

During the Review Year, despite the overal market downturn,

the Group, with its strong customer relationships and excelent

reputation for construction quality, had ben awarded 14 projects

with a total original contract sum of aproximately HK$1,227.7

milion. The year’s overal revenue reached HK$1,314.1 milion, an

increase of 38.9% compared to the year ended 31 March 2024.

The Group’s gros profit amounted to HK$48.3 milion, an increase

of aproximately 22.3% compared to HK$39.5 milion for the year

ended 31 March 2024.

During the Review Year, the Group made initial progres in its

newly established new energy segment. New subsidiaries were set

up to engage in the trading of comercial electric vehicles and the

construction and operation of batery-swaping stations. Although

the segment has not yet generated revenue, it marks the Group’s

first step into the clean energy sector and provides a foundation for

future development.

Geopolitical tensions continued to weigh on the macroeconomic

environment. Notably, the first half of 2025 witnesed many

significant economic events, among which one of the most

significant impacts on Hong Kong is the United States’ imposition

of aditional tarifs on China as a trade presure measure. While

this curent trade standof has ben gradualy de-escalating through

multiple rounds of discusions betwen the involved parties, the

outlok for future macroeconomic development remains shrouded

in uncertainty.

The Group’s core busines remains anchored in foundation and

construction-related services. The Government continues to

implement infrastructure plans acros the city, especialy in the New

Teritories, to aleviate presure on the central urban areas. However,

projects by private developers are stil being afected by the slugish

real estate market, making any near-term improvements unlikely.

Under such circumstances, the Group has begun diversifying

into adjacent growth sectors. Observing the escalating trend of

electric vehicles becoming increasingly mainstream, alongside the

rising market share of domesticaly produced electric vehicles, the

Group has established new subsidiaries dedicated to the trading of

comercial electric vehicles and the operation of batery swaping

stations. Management believes the batery-swaping model remains

underdeveloped in Hong Kong and represents a promising “blue

sea” oportunity for early movers.

Loking ahead, the Group remains comited to delivering quality

service in its established busineses while proactively identifying

new areas for expansion. Continued colaboration with mainland

Chinese partners and participation in emerging infrastructure and

clean energy projects are expected to suport future development.

2024/25 年报 • 龙升集团控股有限公司9

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

财务回顾

收益

于回顾年度，本集团收益由去年约945.9百

万港元增加约368.2百万港元或约38.9%至约

1,314.1百万港元。该增加主要由于回顾年度内

大型项目数量增加导致合约收益增加所致。

董事会将本集团的业务视为单一经营分部，并

审阅本集团整体之业绩，以就资源分配作出决

策。因此，并无呈报分部分析资料，而由于本

集团的收益及非流动资产主要来自单一地区（香

港），故并无呈报按地域分部划分的分部资料之

单独分析。

毛利及毛利率

我们的直接成本由去年约906.4百万港元增

加约359.4百万港元或约39.7%至回顾年度约

1,265.8百万港元。本集团的毛利由去年约39.5

百万港元增加约8.8百万港元或约22.3%至约

48.3百万港元。回顾年度的毛利率约为3.7%，

而去年约为4.2%。毛利率减少主要由于大型项

目利润率相对较低所致。

其他收益╱亏损，净额

其他收益╱（亏损），净额主要包括顾问费收

入、利息收入、投资物业的公平值变动及汇兑

差额。于回顾年度，其他收益，净额约为2.2

百万港元，去年则为其他亏损，净额0.2百万港

元。回顾年度其他收益╱（亏损），净额增加主

要是由于回顾年度确认了顾问费收入1.4百万港

元。

FINANCIAL REVIEW

Revenue

For the Review Year, the revenue of the Group has increased

by aproximately HK$368.2 milion, or aproximately 38.9%

compared to Last Year, from aproximately HK$945.9 milion

to aproximately HK$1,314.1 milion. The increase was primarily

atributable to an increase in contract revenue due to an increase in

the number of sizable projects during the Review Year.

The Board regards the Group’s busines as a single operating

segment and reviews the overal results of the Group as a whole to

make decisions about resources alocation. Acordingly, no segment

analysis information is presented and no separate analysis of

segment information by geographical segment is presented as the

Group’s revenue and non-curent asets are mainly atributable to a

single geographical region, which is Hong Kong.

Gros Profit and Gros Profit Margin

Our direct costs increased by aproximately HK$359.4 milion

or aproximately 39.7% from aproximately HK$906.4 milion

for the Last Year to aproximately HK$1,265.8 milion for the

Review Year. The gros profit of the Group has increased by

aproximately HK$8.8 milion, or aproximately 22.3% compared

to Last Year, from aproximately HK$39.5 milion to aproximately

HK$48.3 milion. The gros profit margin for the Review Year

was aproximately 3.7%, compared to that for the Last Year of

aproximately 4.2%. The decrease in gros profit margin was mainly

due to the relatively low profit margin for certain sizable projects.

Other Gains/Loses, Net

Other gain/(los), net mainly included consultancy fe income,

interest income, changes in fair value on investment property

and exchange diferences. For the Review Year, other gains, net

amounted to aproximately HK$2.2 milion as compared with other

los, net aproximately HK$0.2 milion for Last Year. The increase

in other gain/(los), net for the Review Year was mainly due to the

consultancy fe income of aproximately HK$1.4 milion recognised

for the Review Year.

10DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

行政开支

于回顾年度，行政开支由去年的约27.8百万港

元增加约9.0百万港元或约32.4%至约36.8百万

港元。该增加主要是由于回顾年度(1)计入行政

开支的员工成本增加约5.5百万港元；及(2)新业

务开发之顾问费及营销费增加约3.0百万港元所

致。

拨回╱（计提）贸易应收款项及合约资

产的预期信贷亏损（「预期信贷亏损」）拨

备，净额

于回顾年度，拨回贸易应收款项及合约资产的

预期信贷亏损减值由去年计提约3.7百万港元增

加约3.9百万港元至拨回约0.2百万港元。拨回

增加主要因本集团业务若干客户的财务状况及

还款能力得到改善。

财务费用

于回顾年度，财务费用约为3.4百万港元，而去

年则约为1.0百万港元。该增加主要是由于回顾

年度银行借款的结余增加所致。

所得税开支

于回顾年度，所得税开支由去年约2.6百万港元

增加约0.8百万港元或约30.8%至约3.4百万港

元。该增加主要是由于回顾年度应课税收入增

加所致。

净溢利

于回顾年度，净溢利约为7.2百万港元，而去年

则约为4.2百万港元。我们于回顾年度的净利率

约为0.5%，而去年则约为0.4%。回顾年度净

利率增加主要是由于回顾年度毛利增加所致。

Administrative Expenses

For the Review Year, the administrative expenses increased by

aproximately HK$9.0 milion or aproximately 32.4% compared

to Last Year, from aproximately HK$27.8 milion to aproximately

HK$36.8 milion. The increase was primarily due to (1) an increase

in staf costs included in administrative expenses of aproximately

HK$5.5 milion and (2) an increase in consulting fe and marketing

fe for new busines development of aproximately HK$3.0 milion

for the Review Year.

Reversal/(provision) of Expected Credit Los

(“ECL”) Alowance on Trade Receivables and

Contract Asets, net

For the Review Year, the reversal of ECL alowance on trade

receivables and contract asets increased by aproximately HK$3.9

milion compared to Last Year, from provision of aproximately

HK$3.7 milion to reversal of aproximately HK$0.2 milion. The

increase of reversal was mainly due to the financial conditions and

repayment abilities of certain customers in the Group’s busines

have ben improved.

Finance Costs

For the Review Year, the finance costs amounted to aproximately

HK$3.4 milion as compared to Last Year of aproximately HK$1.0

milion. The increase was primarily due to the increase in average

balance of bank borowings during the Review Year.

Income Tax Expense

For the Review Year, the income tax expense increased by

aproximately HK$0.8 milion or aproximately 30.8% compared to

the Last Year, from aproximately HK$2.6 milion to aproximately

HK$3.4 milion. Such increase was mainly due to the increase in

taxable income for the Review Year.

Net Profit

For the Review Year, the net profit amounted to aproximately

HK$7.2 milion, as compared to aproximately HK$4.2 milion

from Last Year. Our net profit margin for the Review Year was

aproximately 0.5%, as compared with aproximately 0.4% for

Last Year. The increase in the net profit margin for the Review Year

was mainly due to increase in gros profits during the Review Year.

2.5 times 倍
12.0%
1.4%
2.2%
0.5%

2024/25 年报 • 龙升集团控股有限公司11

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

主要财务比率

附注：

1. 流动比率乃按各报告日期的流动资产除以流动

负债计算。

（包

括租赁负债）除以总权益计算。

3. 总资产回报率乃按本年度溢利除以各报告日期

总资产计算。

4. 股本回报率乃按本年度溢利除以各报告日期权

益总额计算。

流动比率

本集团的流动比率由二零二四年三月三十一日

约2.7倍减少至二零二五年三月三十一日约2.5

倍，主要是由于二零二五年三月三十一日贸易

应付款项增加所致。

资产负债比率

本集团的资产负债比率由二零二四年三月三十

一日约23.1%减少至二零二五年三月三十一日

约12.0%。减少主要是由于二零二五年三月三

十一日银行借款减少所致。

Key Financial Ratio

Notes

As at

31 March

As at

31 March

附注

于二零二五年

三月三十一日

于二零二四年

三月三十一日

Curent ratio流动比率(1)2.7 times 倍

Gearing ratio资产负债比率(2)23.1%

Return on total asets总资产回报率(3)1.1%

Return on equity股本回报率(4)1.6%

Net profit margin纯利率(5)0.4%

Notes:

1. Curent ratio is calculated as curent asets divided by curent liabilities

as at the respective reporting dates.

2. Gearing ratio is calculated as total borowings (including lease

liabilities) divided by the total equity as at the respective reporting

dates.

3. Return on total asets is calculated as profit for the year divided by the

total asets as of the respective reporting dates.

4. Return on equity is calculated as profit for the year divided by the

total equity as of the respective reporting dates.

5. Net profit margin is calculated as profit divided by the revenue for the

respective reporting years.

Curent Ratio

Our Group’s curent ratio decreased from aproximately 2.7 times

as at 31 March 2024 to aproximately 2.5 times as at 31 March

2025. The decrease was mainly due to the increase in trade payable

as at 31 March 2025.

Gearing Ratio

Our Group’s gearing ratio decreased from aproximately 23.1% as

at 31 March 2024 to aproximately 12.0% as at 31 March 2025.

The decrease was primarily due to the decrease in bank borowings

as at 31 March 2025.

12DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

总资产回报率

本集团的总资产回报率由二零二四年三月三十

一日约1.1%上升至二零二五年三月三十一日约

1.4%。回报率有所上升主要是由于回顾年度

净溢利增加所致。

股本回报率

本集团的股本回报率由二零二四年三月三十一

日约1.6%增加至二零二五年三月三十一日约

2.2%。股本回报率有所上升主要是由于回顾

年度净溢利增加所致。

纯利率

本集团的纯利率由二零二四年三月三十一日约

0.4%增至二零二五年三月三十一日约0.5%。

有关轻微增加主要是由于回顾年度纯利增加

所致。

主要风险及不确定因素

董事认为本集团面对各种风险及不确定因素，

本集团面对的主要风险及不确定因素如下：

行业风险

地基行业的未来发展及可供发展的香港地基项

目主要视乎香港物业市场是否持续发展。可供

发展地基项目的性质、规模及时间，将视乎各

类因素的相互作用，包括政府的香港物业市场

政策、土地供应及公共房屋政策、物业发展商

投资及香港经济的普遍状况及前景。该等因素

可能影响香港可供发展的地基项目。倘香港物

业市场放缓（就成交量及价格而言），概不保证

香港可供发展的地基项目不会锐减，而本集团

的业务、财务状况及前景可能遭受重大不利影

响。

Return on Total Asets

Our Group’s return on total asets amounted to aproximately 1.4%

as at 31 March 2025, as compared to the return on total asets of

aproximately 1.1% as at 31 March 2024. The increase in ratio was

primarily due to the increase in net profit for the Review Year.

Return on Equity

Our Group’s return on equity amounted to aproximately 2.2%

as at 31 March 2025, as compared to the return on equity of

aproximately 1.6% as at 31 March 2024. The increase in ratio was

primarily due to the increase in net profit for the Review Year.

Net Profit Margin

Our Group’s net profit margin amounted to aproximately 0.5%

as at 31 March 2025, as compared to the net profit margin of

aproximately 0.4% as at 31 March 2024. The slight increase was

mainly due to the increase in net profit for the Review Year.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors are aware that the Group is exposed to various risks

and uncertainties. The folowing are the key risks and uncertainties

faced by the Group:

Industry Risks

The future development of the foundation industry and the

availability of foundation projects in Hong Kong depends largely

on the continued development of the property market in Hong

Kong. The nature, extent and timing of available foundation

projects wil be determined by an interplay of a variety of factors,

including the Government’s policies on the property market in Hong

Kong, its land suply and public housing policy, the investment of

property developers and the general conditions and prospects of

Hong Kong’s economy. These factors may afect the availability

of foundation projects in Hong Kong. If there is any slowdown (in

terms of transaction volume and price) of the property market in

Hong Kong, there is no asurance that the availability of foundation

projects in Hong Kong would not decrease significantly and our

Group’s busines and financial position and prospect may be

adversely and materialy afected.

2024/25 年报 • 龙升集团控股有限公司13

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

合规风险

我们业务营运的很多方面受到多项法律及规例

以及政府政策的监管。无法保证政府不会扩大

现有法律及规例或新政府政策诠释的范围。此

外，我们或无法及时应对任何有关变动。该等

变动亦可能会增加我们的合规成本及负担，或

会对我们的业务、财务状况及经营业绩产生重

大不利影响。具体而言，倘地基行业有关环境

保护及劳工安全的资格规定出现任何变动及╱

或强制规定且我们未能及时或未能遵守新规

定，则我们的业务营运将受到重大不利影响。

我们的执行董事将定期举行会议，以确保本集

团营运遵守所有适用法定规定。

施工进度的不确定性

不可预料的地质或底土情况

开始地基工程之前，客户一般会向本集团提供

地面调查报告。然而，由于可于工地进行的地

下调查工程的范围限制及╱或其他技术限制，

该等报告所载资料未必足以揭示建筑工地下的

实际地质情况。实际地质状况与该等调查报告

载列的结果或会有所差异，而调查未必能够

发现工地下存在石块或任何古董、文物或构筑

物。

以上种最终均构成进行地基工程的潜在问题

及不确定性，譬如，由于需增加工序、工人、

设备及时间处理任何预期外的石块、古董或文

物，最终可能加大项目难度，而有关情况亦将

会产生额外成本。然而，倘出现任何预料之外

的重大地质或底土难题，本集团或会因处理该

等无法预料的情况而产生额外成本，导致成本

超支，如此或会对本集团业务营运及财务状况

造成重大不利影响。

Compliance Risks

Many aspects of our busines operation are governed by various

laws and regulations and Government policies. There is no asurance

that the Government wil not extend the scope of the existing laws

and regulations or interpretation of new Government policies.

Further, we may not be able to respond to any such changes in

a timely maner. Such changes may also increase our costs and

burden in complying with them, which may materialy and adversely

afect our busines, financial condition and results of operation.

In particular, if there are any changes to and/or imposition of the

requirements for qualification in the foundation industry in relation

to environment protection and labour safety, and we fail to met

the new requirements in a timely maner or at al, our busines

operation wil be materialy and adversely afected.

Our executive Directors would hold regular metings to ensure the

Group’s operations are in compliance with al aplicable statutory

requirements.

Uncertainties in Construction Progres

Unexpected geological or sub-soil conditions

Prior to comencement of the foundation works, the customers

would normaly provide ground investigation reports to the Group.

However, information contained in these reports may not be

suficient to reveal the actual geology beneath the construction

site due to limitation in the scope of the underground investigation

works that can be caried out at the site and/or other technical

limitations. There may be discrepancies betwen the actual

geological conditions and the findings set out in these investigation

reports, and the investigation may not be able to reveal the

existence of rocks or to identify any antiquities, monuments or

structures beneath the site.

Al these may eventualy present potential isues and uncertainties

in the carying out of our foundations works, such as the posible

increase in the complexity of the project resulting from aditional

work procedures, workers, equipment and times required to deal

with any unexpected existence of rocks, antiquities or monuments,

which may also lead to aditional costs to be incured. Nevertheles,

in case of any significant unexpected dificult geological or sub-

soil conditions, the Group may incur aditional costs in dealing

with such unforesen conditions, which may lead to cost overuns

and may thus materialy and adversely afect the Group’s busines

operation and financial position.

14DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

破坏各种地下公用服务设施

香港的公用服务设施可能铺设于地下或在行车

道及行人道以下。本集团在进行地基工程时，

或会受到该等公用服务设施的妨碍。无法保证

在地基工程过程中不会破坏该等设施。因此，

若无保险保障，本集团或须承担维修受损的公

用服务设施的成本。

无法保证获得新业务

我们的收益通常来自非经常性项目，我们的客

户并无责任向我们授出项目。于回顾年度，我

们主要从客户直接报价或招标邀请获取新业

务。概不保证(i)我们会就新项目获邀请提供报

价或参与招标程序；及(i)我们所提呈的报价及

标书将获客户选中。概不保证本集团能从客户

获得新业务。本集团产生收益的项目数量及规

模在不同期间内或会大相径庭，且可能难以预

测未来的业务量。倘若本集团未能获得新合约

或日后可供竞标的招标邀请或合约数量锐减，

则本集团的业务、财务状况及前景可能蒙受重

大不利影响。

尽管如此，本集团认为公开上市地位使我们能

享有若干竞争优势，例如透明的财务披露、加

强内部控制及企业管治常规。董事认为，客户

于甄选及委聘分包商提供地基服务时会重视该

等竞争优势。

Damage of various underground service utilities

Services utilities may be laid underground or below cariageways

and fotways in Hong Kong. The Group may be obstructed by

those service utilities when carying out foundation works. There

is no asurance that damage to those utilities wil not ocur during

the foundation works. Acordingly, the Group may be liable for the

costs of repairing such damaged service utilities to the extent not

covered by insurance.

Failure to Guarante New Busines

Our revenue is typicaly derived from projects which are non-

recurent in nature and our customers are under no obligation to

award projects to us. During the Review Year, we secured new

busineses mainly through direct invitation for quotation or tender

by customers. There is no asurance that (i) we would be invited to

provide quotations or participate in the tendering proces for new

projects; and (i) our submited quotations and tenders would be

selected by customers. There is no guarante that the Group wil

be able to secure new busineses from customers. The number and

scale of projects from which the Group derives revenue from may

vary significantly from period to period, and it may be dificult to

forecast the volume of future busines. In the event that the Group

fails to secure new contracts or there is a significant decrease in the

number of tender invitations or contracts available for biding in

the future, the busines and financial positions and prospect of the

Group could be materialy and adversely afected.

Nevertheles, the Group considers that a public listing status enable

us to enjoy several competitive advantages, such as transparent

financial disclosures, enhanced internal control and corporate

governance practices. Our Directors believe the customers would

give weight to these competitive edges when they select and

engage subcontractors for foundation services.

2024/25 年报 • 龙升集团控股有限公司15

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

环境政策

承接地基工程时，我们的营运可能造成：(i)空

气污染物的排放；(i)建造活动的噪音排放；(i)

建造活动的污水排放；及(iv)建筑废料的弃置。

因此，我们的地基工程受下列有关环境保护的

法例及规例规定所限。

对本集团有重大影响的法例及规例其中包括

《空气污染管制条例》（香港法例第311章）、《空

气污染管制（非道路移动机械）（排放）规例》（香

港法例第311Z章）（「非道路移动机械规例」）、

《噪音管制条例》（香港法例第400章）、《水污染

管制条例》（香港法例第358章）、《废物处置条

例》（香港法例第354章）、《海上倾倒物料条例》

（香港法例第466章）、《环境影响评估条例》（香

港法例第499章）及《公众衞生及市政条例》（香

港法例第132章）。

本集团致力于尽量减少业务活动对环境的任何

不利影响。为符合适用的环保法律，本集团已

根据 ISO 14001:2015国际标准设立环境管理体

系。自二零一七年一月以来，杰记工程的环境

管理体系已获认证符合ISO 14001:2015标准的

要求。环境管理体系包括我们的雇员及分包商

均须遵守的规管环境保护合规性的措施及工作

程序。

于二零二五年三月三十一日，本集团有143台

受非道路移动机械规例规管的机械，其中38台

及105台分别获香港环境保护署根据非道路移

动机械规例豁免及核准。为遵守有关机械排放

的非道路移动机械规例，所有38台豁免机器预

期将淘汰。为了让本集团紧跟因实施非道路移

动机械规例导致的行业变化，我们计划购买更

加环保且可获得非道路移动机械规例项下批准

（如适用）的新机器及设备。

ENVIRONMENTAL POLICIES

In undertaking foundation works, our operations may result in: (i)

emision of air polutants; (i) emision of noise from construction

activities; (i) discharge of efluent from construction activities;

and (iv) disposal of construction waste. Therefore, our foundation

works are subject to the requirements of the folowing laws and

regulations in relation to environmental protection.

The laws and regulations which have a significant impact on the

Group includes, among others, Air Polution Control Ordinance

(Chapter 311 of the Laws of Hong Kong), Air Polution Control

(Non-road Mobile Machinery) (Emision) Regulation (Chapter

311Z of the Laws of Hong Kong) (the “NRM Regulation”), Noise

Control Ordinance (Chapter 400 of the Laws of Hong Kong), Water

Polution Control Ordinance (Chapter 358 of the Laws of Hong

Kong), Waste Disposal Ordinance (Chapter 354 of the Laws of Hong

Kong), Dumping at Sea Ordinance (Chapter 466 of the Laws of

Hong Kong), Environmental Impact Asesment Ordinance (Chapter

499 of the Laws of Hong Kong) and Public Health and Municipal

Services Ordinance (Chapter 132 of the Laws of Hong Kong).

The Group is comited to minimise the adverse impact on the

environment resulting from our busines activities. In order to

comply with the aplicable environmental protection laws, the

Group has established an environmental management system in

acordance with the ISO 14001:2015 international standards.

Since January 2017, the environmental management system of Kit

Ke Enginering has ben certified to be in acordance with the

requirements of the ISO 14001:2015 standards. Our environmental

management system includes measures and work procedures

governing environmental protection compliance that are required to

be folowed by our employes and our subcontractors.

As at 31 March 2025, the Group has 143 machines regulated

under the NRM Regulation and out of which 38 machines were

exempted and 105 machines were aproved by the Hong Kong

Environmental Protection Department under the NRM Regulation.

In compliance with the NRM Regulation on the emisions of

machinery, al of the 38 exempted machines are expected to be

phased out. To kep the Group abreast of the industry changes due

to the implementation of the NRM Regulation, we plan to acquire

new machines and equipment which are more environmental

friendly and are able to obtain aproval under the NRM

Regulation if aplicable.

16DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

遵守相关法律及法规

于回顾年度，就董事会及管理层所知，本集团

概无严重违反或不遵守适用法律及法规的情

况，以致对本集团业务及营运产生重大影响。

与雇员、客户、供应商及分包商的

主要关系

雇员

本集团认为雇员是达致业务可持续发展的关键

所在，亦将雇员视为宝贵资产。此外，鉴于当

地建造业的熟练工人供应短缺，维持我们潜在

及现有雇员具有竞争力的薪酬待遇及附加福利

尤为重要。就此而言，本集团提供包括工资、

酌情花红及其他现金补贴在内的全面薪酬待

遇，以吸引、激励及挽留适当及合适的雇员为

本集团服务。一般而言，本集团根据每位雇员

的资格、职位及资历确定雇员薪资。为评估雇

员绩效，本集团制定一项年度审查制度，形成

我们决定加薪、花红及晋升的依据。本集团亦

提供在职培训及发展机会以加强雇员的职业发

展及学习。

客户

本集团注意到客户集中的风险，透过承接更多

其他客户的大规模项目，务求减低对主要客户

的依赖。

此外，本集团相信，与客户维持深厚良好的关

系将提升其在地基行业的认可度及知名度。因

此，本集团通过不同方法及渠道（包括定期审阅

及分析客户反馈）了解所有客户的观点及意见。

本集团亦相信，与客户建立牢固良好的关系，

可进一步发展在地基行业的新业务机遇。

COMPLIANCE WITH THE RELEVANT LAWS AND

REGULATIONS

During the Review Year, as far as the Board and the management

are aware, there was no material breach of or non-compliance with

the aplicable laws and regulations by the Group that has material

impact on the busines and operation of the Group.

KEY RELATIONSHIPS WITH EMPLOYES,

CUSTOMERS, SUPLIERS AND SUB-CONTRACTORS

Employes

The Group considers its employes the key to sustainable busines

growth and also recognises its employes as its valuable asets.

Further, in light of the shortage of skiled labour in the local

construction industry, it is crucial to maintain a competitive

remuneration package and fringe benefits for our potential

and existing employes. In this regard, the Group provides

comprehensive remuneration package includes salary, discretionary

bonuses and other cash subsidies to atract, motivate and retain

apropriate and suitable employes to serve the Group. In general,

the Group determines employe salaries based on each employe’s

qualifications, position and seniority. The Group has designed an

anual review system to ases the performance of our employes,

which forms the basis of our decisions with respect to salary raises,

bonuses and promotions. The Group also provides on-the-job

training and development oportunities to enhance its employes’

carer development and learning.

Customers

The Group is aware of the risk of customer concentration, and

sought to reduce the reliance on major customer by undertaking

more sizable projects for other customers.

Besides that, the Group believes a strong and god relationship

with customers would increase its recognition and visibility in the

foundation industry. As such, the Group values the views and

opinions of al customers through various means and chanels,

including regular review and analysis on customer fedback.

The Group also believes that a strong and god relationship with

customers can further develop new busines oportunities in the

foundation industry.

2024/25 年报 • 龙升集团控股有限公司17

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

供应商及分包商

本集团与供应商及分包商建立稳定且牢固的合

作关系，以有效及高效地满足本集团客户的需

求。本集团与供应商及分包商紧密合作，确保

招标、采购及分包过程公开、公平及公正。本

集团于项目动工前已向彼等清楚说明本集团的

规定及标准。

流动资金及财务资源

本集团继续以内部产生的现金流及银行借贷拨

付营运资金。

于二零二五年三月三十一日，本集团之现金、

银行结余及已抵押存款总额约为92.7百万港

元（二零二四年三月三十一日：约134.0百万港

元）。

资本架构

于二零二五年三月三十一日，本公司已发行股

本为28.8百万港元及已发行普通股数目为每股

面值0.1港元的288,000,000股份。

于二零二四年八月根据一般授权配售

新股份

于二零二四年八月，本公司根据一般授权以配

售价每股配售股份0.064港元向不少于六名承配

人配售240,000,000股份，并自此筹得所得款

项净额约15.0百万港元（「配售事项所得款项」）

以用作本集团的一般营运资金。

截至二零二四年十月，所有配售事项所得款项

已用作本集团的一般营运资金。

Supliers and Sub-contractors

The Group has developed stable and strong working relationships

with supliers and sub-contractors to met the Group’s customers’

neds in an efective and eficient maner. The Group works closely

with the supliers and sub-contractors to make sure the tendering,

procurement and sub-contracting are conducted in an open, fair

and just maner. The Group’s requirements and standards are also

wel-comunicated to them before the comencement of the

project.

LIQUIDITY AND FINANCIAL RESOURCE

The Group continued to finance its working capital with internaly

generated cash flows and bank borowings.

As at 31 March 2025, the Group had total cash, bank balances

and pledged deposits of aproximately HK$92.7 milion (31 March

2024: aproximately HK$134.0 milion).

CAPITAL STRUCTURE

As at 31 March 2025, the Company’s isued capital was HK$28.8

milion and the number of its isued ordinary shares was

288,000,000 shares of HK$0.1 each.

The Placing of New Shares under General Mandate

in August 2024

In August 2024, the Company raised net proceds of aproximately

HK$15.0 milion (the “Placing Proceds”) from its placing of

240,000,000 Shares to not les than six places at the placing price

of HK$0.064 each per placing share under general mandate for the

general working capital of the Group.

By October 2024, al of the Placing Proceds were utilised for the

general working capital of the Group.

18DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

股份合并及供股

于二零二四年九月十三日，本公司公布：(i)建

议按本公司股本中每十(10)股每股面值0.01港

元之已发行及未发行股份合并为一(1)股每股面

值0.1港元之合并股份（「合并股份」）之基准进行

合并（「股份合并」）；及(i)建议以供股方式发行

最多144,000,000股每股面值0.1港元之供股

份（「供股份」）予合资格股东，基准为于记录

日期每持有一(1)股合并股份获发一(1)股供股

份，认购价（「认购价」）为每股供股份0.2港元

（「供股」）。

股份合并自二零二四年十一月十四日起生效。

于股份合并生效后，本公司之法定股本将为

100,000,000港元，分为1,000,000,000股每股

面值0.1港元之合并股份，其中144,000,000股

合并股份（已缴足或入账列作缴足）将为已发行

股份。

继股份合并，供股于二零二四年十二月十九日

成为无条件。供股所得款项总额（未扣除必要开

支）约为28.8百万港元，所得款项净额（扣除估

计开计约1.2百万港元）约为27.6百万港元。诚

如本公司日期为二零二四年十一月二十八日有

关供股之供股章程所披露，本公司拟将供股所

得款项净额：(a)约19.4百万港元（即所得款项净

额的70%）用作进行中的建设项目的前期成本；

(b)约4.2百万港元（即所得款项净额的15%）用于

部分偿还将于二零二五年一月到期的银行贷款

分期付款本金；(c)约4.0百万港元（即所得款项

净额的15%）的余额用作本集团一般营运资金，

包括但不限于董事薪酬及员工成本、审计及其

他专业费用、行政及一般开支以及印刷费用及

上市费用。

上述详情分别载于本公司于二零二四年九月十

三日及二零二四年十二月二十日刊发的公告、

本公司日期为二零二四年十月十八日的通函及

本公司日期为二零二四年十一月二十八日的供

股章程。

供股所得款项净额已于二零二五年三月前计划

悉数动用。

Share consolidation and Rights Isue

On 13 September 2024, the Company anounced (i) the proposed

consolidation on the basis that every ten (10) isued and unisued

shares of HK$0.01 each in the share capital of the Company be

consolidated into one (1) consolidated share of HK$0.1 each (the

“Consolidated Share”) (the “Share Consolidation”); and (i) the

proposed isued by way of the rights of up to 144,000,000 rights

shares of HK$0.1 each (the “Rights Shares”) to the qualifying

shareholders on the record date at a subscription price (the

“Subscription Price”) of HK$0.2 per Rights Share on the basis of one

“Rights

Isue”).

The Share Consolidation was efective from 14 November 2024.

Upon the Share Consolidation becoming efective, the authorised

share capital of the Company wil become HK$100,000,000 divided

into 1,000,000,000 Consolidated Shares of HK$0.1 each, of which

144,000,000 Consolidated Shares (which are fuly-paid or credited

as fuly-paid) would be in isue.

Further to the Share Consolidation, the Rights Isue became

unconditional on 19 December 2024. The gros proceds from

the Rights Isue (before deducting the necesary expenses) were

aproximately HK$28.8 milion and the net proceds from the Rights

Isue (after deducting the estimated expenses of aproximately

HK$1.2 milion) were aproximately HK$27.6 milion. As disclosed

in the prospectus of the Company dated 28 November 2024 in

respect of the Rights Isue, the Company intends to aply the net

proceds from the Rights Isue (a) as to aproximately HK$19.4

milion, being 70% of the net proceds, for upfront costs of the on-

going construction projects; (b) as to aproximately HK$4.2 milion,

being 15% of the net proceds, for partial repayment of principal

amounts of bank loan instalments which wil be due in January

2025; and (c) the remaining balance of aproximately HK$4.0

milion, being 15% of the net proceds, for general working capital

of the Group including but not limited to directors’ remuneration

and staf costs, audit and other profesional fes, administrative and

general expenses as wel as printing fes and listing fes.

Details of the above are set out in the Company’s anouncements

on 13 September 2024 and 20 December 2024, the Company’s

circular dated 18 October 2024 and the Company’s prospectus

dated 28 November 2024 respectively.

By March 2025, al of the net proceds from the Rights Isue were

utilised as intended.

2024/25 年报 • 龙升集团控股有限公司19

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

库务政策

本集团已就库务政策采取审慎的财务管理方

法。董事会密切监督本集团流动资金状况，以

确保本集团资产、负债及其他承担的流动资金

架构可一直满足其资金需求。

资产抵押

于二零二五年三月三十一日，本集团已就杰记

工程获授银行融资而抵押(i)约9.6百万港元银行

存款（二零二四年三月三十一日：约19.8百万港

元及人民币13.0百万元的银行存款以及位于香

港的投资物业约3.9百万港元）；及(i)本公司提

供的企业担保。

外汇风险

由于本集团主要于香港经营业务，经营产生的

大部份收益及交易均以港元结算，故董事认为

本集团汇率风险不大。因此，回顾年度本集团

并无订立任何衍生工具合约以对冲汇率风险。

本集团于回顾年度投放一部分人民币现金储备

以定期存款获取利息回报，本集团并产生汇兑

亏损约0.4百万港元（去年：约1.0百万港元）。

资本承担及或然负债

于二零二五年三月三十一日，本集团就收购

机械而言拥有资本承担约2.0百万港元（去年：

零）。

于二零二五年及二零二四年三月三十一日，本

集团涉及多项针对本集团的工伤以及不合规事

件的申索、诉讼及潜在申索。董事认为该等申

索、诉讼及不合规事件预期不会对综合财务报

表造成重大影响，且潜在申索的结果为不确

定。因此，概无于综合财务报表作出拨备。

TREASURY POLICY

The Group has adopted a prudent financial management aproach

towards its treasury policy. The Board closely monitors the Group’s

liquidity position to ensure that the liquidity structure of the Group’s

asets, liabilities, and other comitments can met its funding

requirements al the time.

Pledge of Asets

As at 31 March 2025, the Group had pledged (i) aproximately

HK$9.6 milion bank deposits (31 March 2024: aproximately

HK$19.8 milion and RMB13.0 milion bank deposits and an

investment property situated in Hong Kong of aproximately

HK$3.9 milion); and (i) corporate guarante given by the Company

in order to secure bank facilities granted to Kit Ke Enginering.

FOREIGN EXCHANGE EXPOSURE

As the Group mainly operates in Hong Kong and most of the

revenue and transactions arising from its operations were setled in

Hong Kong dolars, the Directors are of the view that the Group’s

foreign exchange rate risks are insignificant. Thus, the Group has

not entered into any derivative contracts to hedge against the

foreign exchange rate risk for the Review Year.

During the Review Year, the Group placed a portion of its cash

reserves in RMB in time deposit for interest return, and the Group

incured an exchange los of aproximately HK$0.4 milion (For Last

Year: aproximately HK$1.0 milion).

CAPITAL COMITMENTS AND CONTINGENT

LIABILITIES

As at 31 March 2025, the Group had capital comitments of

aproximately HK$2.0 milion (For Last Year: nil) for acquiring

machine.

As at 31 March 2025 and 2024, the Group had ben involved in

a number of claims, litigations and potential claims against the

Group in relation to work-related injuries and non-compliances. The

Directors are of the opinion that the claims, litigations and non-

compliances are not expected to have a material impact on the

consolidated financial statements, and the outcome for potential

claims is uncertain. Acordingly, no provision has ben made to the

consolidated financial statements.

20DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

重大投资、重大收购或出售附属公

司及联营公司

于回顾年度，本集团并无持有任何重大投资，

亦无重大收购或出售附属公司或联营公司事

项。

未来重要投资或资本资产计划

于回顾年度，除本公司日期为二零一八年一

月二十六日的招股章程（「招股章程」）所披露者

外，本集团并无任何其他重要投资或资本资产

计划。

雇员及薪酬政策

于二零二五年三月三十一日，我们共雇用322

名全职雇员（包括两名执行董事但不包括三名独

立非执行董事），而二零二四年三月三十一日共

雇用338名全职雇员。本集团向雇员提供的薪

酬待遇包括工资、酌情花红及其他现金补贴。

一般而言，本集团根据每位雇员的资格、职

位及资历确定雇员薪资。为评估雇员绩效，本

集团制定一项年度审核制度，形成我们厘定加

薪、花红及晋升的依据。本集团亦已采纳一项

购股权计划，据此合资格参与者可获授购股权

以收购本公司股份。回顾年度，本集团产生的

雇员成本总额约为187.6百万港元，而去年约为

140.0百万港元。

董事薪酬由董事会根据本公司薪酬委员会的建

议并参考本集团经营业绩、个人表现及同类市

场统计数字而厘定。

股息

董事会议决不建议宣派回顾年度的末期股息（去

年：无）。

SIGNIFICANT INVESTMENT, MATERIAL

ACQUISITIONS OR DISPOSALS OF

SUBSIDIARIES AND ASOCIATED COMPANIES

During the Review Year, the Group did not have any significant

investment held, nor any material acquisitions or disposals of

subsidiaries or asociated companies.

FUTURE PLANS FOR MATERIAL INVESTMENT

OR CAPITAL ASETS

Save as disclosed in the prospectus of the Company dated 26

January 2018 (the “Prospectus”), the Group did not have any other

plans for material investments or capital asets during the Review

Year.

EMPLOYES AND REMUNERATION POLICY

As at 31 March 2025, we employed a total of 322 ful-time

employes (including two executive Directors but excluding thre

independent non-executive Directors), as compared to a total of

338 ful-time employes as at 31 March 2024. The remuneration

packages that the Group ofers to employes includes salary,

discretionary bonuses and other cash subsidies. In general, the

Group determines employe salaries based on each employe’s

qualifications, position and seniority. The Group has designed an

anual review system to ases the performance of its employes,

which forms the basis of its decisions with respect to salary raises,

bonuses and promotions. The Group also adopted a share option

scheme whereby qualified participants may be granted options to

acquire shares in the Company. The total staf cost incured by the

Group for the Review Year was aproximately HK$187.6 milion

compared to aproximately HK$140.0 milion of Last Year.

The remuneration of the Directors is decided by the Board upon

the recomendation from the remuneration comite of the

Company having regard to the Group’s operating results, individual

performance and comparable market statistics.

DIVIDENDS

The Board has resolved not to recomend the declaration of final

dividend for the Review Year (For Last Year: nil).

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

2024/25 年报 • 龙升集团控股有限公司21

董事及高级管理层履历资料载列如下：

董事

执行董事

叶育杰先生（「叶先生」），69岁，为本集团控股

股东之一、董事会主席、执行董事兼行政总

裁。彼于一九三年八月加入本集团并为本集

团创始人之一。彼亦为本集团各个及每个全资

附属公司的董事。

叶先生负责本集团整体业务发展及业务策略。

彼拥有逾45年地基行业经验。于一九七年，

叶先生于香港透过杰记机械（当时初步注册为独

资经营）开展其土方工程及空气压缩机租赁业

务。于一九八六年，叶先生在香港成立杰记工

程公司，从事挖掘及侧向承托及地基工程。于

一九三年八月十九日，叶先生共同创立杰记

工程，而叶先生负责监管项目及业务开发。叶

先生自一九三年八月至今为杰记工程的董事

总经理。

叶先生已与本公司订立服务协议，自二零一八

年二月八日起计，初步为期三年，并将于此后

持续有效直至根据协议之条款终止为止。截至

二零二五年三月三十一日止年度已支付予叶先

生之酬金数额载于本公司截至二零二五年三月

三十一日止年度年报之综合财务报表附注12。

有关薪酬╱酬金将由董事会及薪酬委员会每年

进行检讨，及彼亦有权享有参照其表现及本集

团之经营业绩厘定之酌情花红。

叶先生过去三年并无于其证券在香港或海外任

何证券市场上市之公众公司担任何董事职

务。于本报告日期，彼于透过Fame Circle持有

之193,252,326股份（相当于已发行股份总数

之67.1%）中拥有权益。除上文所披露者外，于

本报告日期，叶先生并无拥有任何证券及期货

条例第XV部所界定的股份权益。除上文所披露

者外，叶先生与本公司任何其他董事、高级管

理层或主要股东或控股东并无任何关系。

Biographical Details of the Directors and Senior Management are set

out as folows:

DIRECTORS

Executive Directors

Mr. YIP Yuk Kit (叶育杰) (”Mr. Yip”), aged 69, is one of the

controling shareholders, the chairman of the Board, an executive

Director and chief executive oficer of the Group. He joined the

Group in August 1993 and is one of the founders of the Group. He

is also a director of each and every wholy-owned subsidiary of the

Group.

Mr. Yip is responsible for the overal busines development and

busines strategies of the Group. He has more than 45 years of

experience in the foundation industry. In 1977, Mr. Yip comenced

his busines of earthwork and air compresor rental in Hong Kong

through Kit Ke Mechanics* (杰记机械) which was first registered

as a sole proprietorship. In 1986, Mr. Yip established Kit Ke

Enginering Company* (杰记工程公司) where he engaged in ELS

and foundation works in Hong Kong. On 19 August 1993, Mr. Yip

co-founded Kit Ke Enginering where Mr. Yip is responsible for

overseing the projects and busines development. From August

1993 and up to the present, Mr. Yip is the managing director of Kit

Ke Enginering.

Mr. Yip has entered into a service agrement with the Company

for an initial term of thre years comencing on 8 February 2018

and wil continue thereafter until terminated in acordance with

the terms of the agrement. The amount of emoluments paid for

the year ended 31 March 2025 to Mr. Yip is set out in note 12

to the consolidated financial statements for the year ended 31

March 2025 of the Company’s anual report. Such remuneration/

emoluments wil be reviewed anualy by the Board and the

remuneration comite and he is also entitled to a discretionary

bonus with reference to his performance and the operating results

of the Group.

Mr. Yip has not held any directorship in the last thre years in

public companies the securities of which are listed on any securities

market in Hong Kong or overseas. As at the date of this report,

he was interested in 193,252,326 Shares held through Fame

Circle (representing 67.1% of the agregate number of Shares in

isue). Save as disclosed above, Mr. Yip was not interested in any

Shares within the meaning of Part XV of the SFO as at the date

of this report. Save as disclosed above, Mr. Yip does not have

any relationship with any other Directors, senior management or

substantial shareholder or controling shareholder of the Company.

* For identification purpose only

22DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

张振辉先生（「张先生」），55岁，为本集团执行

董事，于一九六年十月加入本集团。

张先生负责本集团的整体管理及业务营运。

张先生拥有逾25年地基行业经验。张先生自

一九零年七月至一九一年九月担任Fugro-

McCleland Geotechnical Services (Hong Kong)

Limited 的技术员；自一九一年十二月至一

九三年一月担任茂盛（亚洲）工程顾问有限公

司常驻技术员（实验室）。张先生自一九三年

三月至一九五年四月任职于政府水务署，

担任技术专员。彼其后于一九五年五月至

一九六年六月任职于High-Point Rendel (HK)

Limited，担任技术专员，及自一九六年六月

至一九六年九月担任新昌（地基工程）有限公

司地盘工程师。张先生于一九六年十月加入

本集团任地盘工程师，彼其后于二零六年晋

升为工程项目经理，于二零一七年再度晋升为

董事。张先生于一九五年十一月取得香港城

市大学建筑专业高级文凭。

张先生已与本公司订立服务协议，自二零一八

年二月八日起计，初步为期三年，并将于此后

持续有效直至根据协议之条款终止为止。截至

二零二五年三月三十一日止年度已支付予张先

生之酬金数额载于本公司截至二零二五年三月

三十一日止年度年报之综合财务报表附注12。

有关薪酬╱酬金将由董事会及薪酬委员会每年

进行检讨，及彼亦有权享有参照其表现及本集

团之经营业绩厘定之酌情花红。

张先生过去三年并无于其证券在香港或海外任

何证券市场上市之公众公司担任何董事职

务。彼与本公司任何董事、高级管理层、主要

或控股东并无任何关系，亦无拥有根据证券

及期货条例第XV部须予披露之任何股份权益。

Mr. CHEUNG Chun Fai (张振辉) (“Mr. Cheung”), aged 55, is an

executive Director of the Group. He joined the Group in October

1996.

Mr. Cheung is responsible for the overal management and

busines operations of the Group. Mr. Cheung has over 25 years of

experience in the foundation industry. Mr. Cheung was a technician

at Fugro-McCleland Geotechnical Services (Hong Kong) Limited

from July 1990 to September 1991 and a resident technical oficer

(laboratory) of Maunsel Consultants Asia Limited from December

1991 to January 1993. From March 1993 to April 1995, Mr. Cheung

worked in the Water Supliers Department of the Government as a

technical oficer. He then worked in High-Point Rendel (HK) Limited

as a technical oficer from May 1995 to June 1996 and was a site

enginer at Hsin Chong (Foundations) Limited from June 1996 to

September 1996. Mr. Cheung joined the Group in October 1996 as

a site enginer. He was subsequently promoted to the position of

project manager in 2006 and was further promoted to the position

of director in 2017. Mr. Cheung obtained a Higher Diploma in

Building from the City University of Hong Kong in November 1995.

Mr. Cheung has entered into a service agrement with the

Company for an initial term of thre years comencing on 8

February 2018 and wil continue thereafter until terminated in

acordance with the terms of the agrement. The amount of

emoluments paid for the year ended 31 March 2025 to Mr. Cheung

is set out in note 12 to the consolidated financial statements for

the year ended 31 March 2025 of the Company’s anual report.

Such remuneration/ emoluments wil be reviewed anualy by the

Board and the remuneration comite and he is also entitled to

a discretionary bonus with reference to his performance and the

operating results of the Group.

Mr. Cheung has not held any directorship in the last thre years

in public companies the securities of which are listed on any

securities market in Hong Kong or overseas. He is not conected

with any Directors, senior management, substantial or controling

shareholders of the Company, nor does he have any interests in the

Shares which are required to be disclosed pursuant to Part XV of the

SFO.

2024/25 年报 • 龙升集团控股有限公司23

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

独立非执行董事

李国麟先生（「李先生」），41岁，于二零一八年

一月十八日获委任为独立非执行董事，李先

生已订立委任函，自二零一八年二月八日起生

效，固定年期为三年，将于此后持续有效直至

根据委任条款终止为止。李先生有权享有年度

董事袍金 180,000港元。李先生主要负责独立

监督管理及就本公司策略、表现、资源及行为

准则事宜提供独立判断。彼为审核委员会主席

及提名委员会成员。除上文所披露者外，李先

生并无于本集团担任何职务。

李先生于会计、审计、企业融资及财务管理方

面具有逾15年丰富经验。李先生于二零六年

九月获得赫特福德大学会计学荣誉学士学位。

自二零一三年一月及二零一三年九月起，彼分

别为英国特许公认会计师公会及香港会计师公

会员。李先生目前分别为荣智控股有限公司

（股份代号：6080）及恒达集团（控股）有限公司

（股份代号：3616）（该等公司股份于联交所主板

上市）的独立非执行董事。

除上文所披露者外，李先生过去三年并无于其

证券在香港或海外任何证券市场上市之公众公

司担任何董事职务。彼与本公司任何董事、

高级管理层、主要或控股东并无关连，亦无

拥有根据证券及期货条例第XV部须予披露之任

何股份权益。

Independent Non-executive Directors

Mr. LE Kwok Lun (李国麟) (“Mr. Le”), aged 41, was apointed

as an independent non-executive Director on 18 January 2018. He

has entered into a leter of apointment for a fixed term of thre

years with efect from 8 February 2018 and wil continue thereafter

until terminated in acordance with the terms of the apointment.

He is entitled to an anual director’s fe of HK$180,000. Mr. Le is

mainly responsible for overseing the management independently

and providing independent judgement on the isues of strategy,

performance, resources and standard of conduct of the Company.

He is the chairman of the audit comite and a member of the

nomination comite. Save as disclosed above, Mr. Le does not

hold any position in the Group.

Mr. Le has over 15 years of experience in acounting, audit,

corporate finance and financial management. Mr. Le obtained

a degre of Bachelor of Arts (Hons) in Acounting from the

University of Hertfordshire in September 2006. He is a member of

the Asociation of Chartered Certified Acountants since January

2013 and a member of the Hong Kong Institute of Certified

Public Acountants since September 2013. Mr. Le is curently an

independent non-executive Director of Wing Chi Holdings Limited

(stock code: 6080), and Ever Reach Group (Holdings) Company

Limited (stock code: 3616), the shares of which are listed on the

Main Board of the Stock Exchange.

Save as disclosed above, Mr. Le has not held any directorship in

the last thre years in public companies the securities of which are

listed on any securities market in Hong Kong or overseas. He is not

conected with any Directors, senior management, substantial or

controling shareholders of the Company, nor does he have any

interests in the Shares which are required to be disclosed pursuant

to Part XV of the SFO.

24DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

陈华胜先生（「陈华胜先生」），63岁，于二零一

九年三月二十六日获委任为独立非执行董事，

陈先生已订立委任函，自二零一九年四月一日

起生效，固定年期为三年，将于此后持续有效

直至根据委任条款终止为止。陈华胜先生有权

享有年度董事袍金 180,000港元。陈华胜先生

主要负责独立监督管理及就本公司策略、表

现、资源及行为准则事宜提供独立判断。彼为

薪酬委员会主席及审核委员会成员。除上文所

披露者外，陈华胜先生并无于本集团担任何

职务。

陈华胜先生，为香港大律师。彼于一九八六年

加入香港警务处，于二零一六年离职时为总警

司。于香港警务处任职期间，彼于一九六年

取得香港大律师资格。

陈华胜先生于一九八三年毕业于 University of

Portsmouth（前称为Portsmouth Polytechnic），获

得药理学士学位。彼于一九八五年获得伦敦

经济学院商科研究生文凭，并于一九八年获

香港大学公共管理硕士学位。

除上文所披露者外，陈华胜先生过去三年并无

于其证券在香港或海外任何证券市场上市之公

众公司担任何董事职务。彼与本公司任何董

事、高级管理层、主要或控股东并无关连，

亦无拥有根据证券及期货条例第XV部须予披露

之任何股份权益。

Mr. CHAN Wa Shing (陈华胜) (“Mr. WS Chan”), aged 63,

was apointed as an independent non-executive Director on 26

March 2019. He has entered into a leter of apointment for a

fixed term of thre years with efect from 1 April 2019 and wil

continue thereafter until terminated in acordance with the terms

of the apointment. He is entitled to an anual director’s fe of

HK$180,000. Mr. WS Chan is mainly responsible for overseing the

management independently and providing independent judgement

on the isues of strategy, performance, resources and standard of

conduct of the Company. He is the chairman of the remuneration

comite and a member of the audit comite. Save as disclosed

above, Mr. WS Chan does not hold any position in the Group.

Mr. WS Chan, is a barister-at-law of Hong Kong. He joined the

Hong Kong Police Force in 1986 and retired in 2016 with his last

position being chief superintendent. During his employment with

the Hong Kong Police Force, he was caled to the bar in Hong Kong

in 1996.

Mr. WS Chan graduated with a bachelor of science in pharmacology

from the University of Portsmouth (previously known as Portsmouth

Polytechnic) in 1983. He obtained a postgraduate diploma in

busines studies from London Schol of Economics in 1985 and

further obtained a master degre in public administration from the

University of Hong Kong in 1998.

Save as disclosed above, Mr. WS Chan has not held any directorship

in the last thre years in public companies the securities of which

are listed on any securities market in Hong Kong or overseas. He is

not conected with any Directors, senior management, substantial

or controling shareholders of the Company, nor does he have any

interests in the Shares which are required to be disclosed pursuant

to Part XV of the SFO.

2024/25 年报 • 龙升集团控股有限公司25

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

Ms. Ding Xin (丁昕) (“Ms. Ding”), aged 38, has over 10 years of

experience in acounting, audit and asurance. Ms. Ding obtained

a bachelor degre of Busines Administration in Acounting and

Finance from the University of Hong Kong in June 2010. Ms.

Ding is a member of the Hong Kong Institute of Certified Public

Acountants since March 2014. Ms. Ding is curently a practicing

certified public acountant in Hong Kong. She is also curently

an independent non-executive Director of China Wacan Group

Company Limited (formerly known as Hands Form Holdings Limited)

(stock code: 1920), and Wah Wo Holdings Group Limited (stock

code: 9938), the shares of which are listed on the Main Board of

the Stock Exchange.

Ms. Ding has entered into a leter of apointment with the

Company for a fixed term of thre years with efect from 12

December 2024 and wil continue thereafter until terminated in

acordance with the terms of her engagement. She is entitled to an

anual director’s fe of HK$180,000. Ms. Ding is mainly responsible

for overseing the management independently and providing

independent judgment on the isues of strategy, performance,

resources and standard of conduct of the Company. She is a

member of the audit comite, remuneration comite and

nomination comite. Save as disclosed above, Ms. Ding does not

hold any position in the Group.

Save as disclosed above, Ms. Ding has not held any directorship in

the last thre years in public companies the securities of which are

listed on any securities market in Hong Kong or overseas. She is

not conected with any Directors, senior management, substantial

or controling shareholders of our Company, nor does she has any

interests in the Shares which are required to be disclosed pursuant

to Part XV of the SFO.

Saved as disclosed above, there was no change to any information

required to be disclosed in relation to any Director pursuant to Rule

13.51(2)(a) to (e) and (g) of the Listing Rules during the Review

Year. The Board is not aware of any information that ought to be

disclosed pursuant to the requirements under Rule 13.51(2)(h) to (v)

of the Listing Rules, nor are there any other maters that ought to

be brought to the atention of the Shareholders.

丁昕女士（「丁女士」），38岁，于会计、审计及

鉴证方面拥有逾10年经验。丁女士于二零一零

年六月取得香港大学工商管理学（会计及财务）

学士学位。丁女士自二零一四年三月起为香港

会计师公会员。丁女士目前为香港执业会计

师。彼目前亦为中国网成集团有限公司 (前称恒

新丰控股有限公司）（其股份于联交所主板上市，

股份代号：1920）及华和控股集团有限公司（其

股份于联交所主板上市，股份代号：9938）的

独立非执行董事。

丁女士已与本公司订立委任函，自二零二四年

十二月十二日起生效，固定年期为三年，将于

此后持续有效直至根据委聘条款终止为止。彼

有权享有年度董事袍金 180,000港元。丁女

士主要负责独立监督管理层，并对本公司的战

略、绩效、资源及行为标准等问题提供独立判

断。彼为审核委员会、薪酬委员会及提名委员

会成员。除上文所披露者外，丁女士并无于本

集团担任何职务。

除上文所披露者外，丁女士于过去三年并无于

其证券于香港或海外任何证券市场上市的公众

公司担任何董事职务。丁女士与本公司任何

董事、高级管理层、主要股东或控股东概无

关连，亦无根据证券及期货条例第XV部须予披

露之任何股份权益。

除上文所披露者外，于回顾年度，根据上市规

则第13.51(2)(a)至(e)及(g)条须予披露的有关任

何董事的任何资料概无变动。董事会并不知悉

任何资料须根据上市规则第13.51(2)(h)至(v)条

的规定予以披露，亦无任何其他事宜须提请股

东垂注。

26DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

高级管理层

陈浩成先生（「陈浩成先生」），56岁，自二零

五年七月起为杰记工程合约经理，主要负责监

管投标程序、合约管理、行政工作及品质保证

事宜。

陈浩成先生于一九八年七月取得摩理臣山工

业学院（目前称作香港专业教育学院摩理臣山分

校）建筑学证书，于一九零年十一月取得香

港理工大学（前称香港理工学院）建筑学高级证

书。

陈浩成先生拥有逾35年地基行业经验。于加入

本集团前，陈浩成先生曾就职于多家建筑公司

担任不同职务。陈浩成先生自一九八七年八月

至一九八年八月担任健明公司地盘管工；自

一九八年十月至一九二年七月担任金门建

筑有限公司助理工料测量师；彼自一九二年

八月受雇于汛达（中福）建筑有限公司及其后离

职，最后任职商务经理。陈浩成先生自一九

七年七月至二零五年五月担任一鸣建筑有限

公司工程测量师。

陈浩成先生与本公司任何董事、高级管理层、

主要或控股东并无任何关系，亦无拥有根据

证券及期货条例第XV部须予披露之任何股份权

益。

Senior Management

Mr. CHAN Ho Shing (陈浩成) (“Mr. HS Chan”), aged 56, has

ben the contracts manager of Kit Ke Enginering since July 2005.

He is mainly responsible for overseing tender proces, contract

management, administration and quality asurance maters.

Mr. HS Chan obtained a Certificate in Building Studies from the

Morison Hil Technical Institute (curently known as the Hong

Kong Institute of Vocational Education (IVE) (Morison Hil) in July

1988, a Higher Certificate in Building Studies from the Hong Kong

Polytechnic University (formerly known as Hong Kong Polytechnic)

in November 1990.

Mr. HS Chan has over 35 years of experience in the foundation

industry. Prior to joining our Group, Mr. HS Chan worked for

various construction companies in various capacities. He was a site

foreman at Kin Ming & Co. (健明公司) from August 1987 to August

1988 and an asistant quantity surveyor at Gamon Construction

Limited from October 1988 to July 1992. He was employed by Fanta

(CFC) Construction Co. Limited from August 1992 and later left

with his last position being comercial manager. Mr. HS Chan was

a quantity surveyor at Yat Ming Construction Co., Limited from July

1997 to May 2005.

Mr. HS Chan is not conected with any Directors, senior

management, substantial or controling shareholders of the

Company, nor does he have any interests in the Shares which are

required to be disclosed pursuant to Part XV of the SFO.

2024/25 年报 • 龙升集团控股有限公司27

BIOGRAPHICAL DETAILS OF THE DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层履历资料

梁海祺先生（「梁先生」），36岁，自二零一七年

一月起担任本集团财务总监，主要负责管理本

集团财务、会计及公司秘书事宜。

梁先生于二零一年十月取得香港理工大学会

计学商业管理学士学位。梁先生于二零一五年

三月获认可为会计师。梁先生拥有逾10年会计

经验。梁先生自二零一年九月至二零一四年

五月受雇于香港立信德豪会计师事务所有限公

司，最后任职审计部门高级审计员；自二零一

四年六月至二零一四年十一月，梁先生担任安

永会计师事务所审计部门的高级会计师；自二

零一四年十二月至二零一七年一月，彼受雇于

毕马威会计师事务所，最后任职经理。

梁先生于二零二三年五月九日获委任为怡俊集

团控股有限公司（一间于联交所上市的公司，股

份代号：2442）的公司秘书。

梁先生与本公司任何董事、高级管理层、主要

或控股东并无任何关系，亦无拥有根据证券

及期货条例第XV部须予披露之任何股份权益。

Mr. LEUNG Hoi Ki (梁海祺) (“Mr. Leung”), aged 36, has ben the

financial controler of our Group since January 2017. He is primarily

responsible for the management of financial, acounting and

company secretarial maters of our Group.

Mr. Leung received a degre of Bachelor of Busines Administration

in Acountancy from the Hong Kong Polytechnic University in

October 2011. Mr. Leung was admited as a Certified Public

Acountant in March 2015. He has over 10 years of acounting

experience. From September 2011 to May 2014, he was employed

by BDO Limited, with his last position being a senior asociate of the

Asurance Department. From June 2014 to November 2014, Mr.

Leung worked as a senior acountant at the Asurance Department

of Ernst & Young. From December 2014 to January 2017, he was

employed by KPMG with his last position being a manager.

Mr. Leung has ben apointed as the company secretary of Easy

Smart Group Holdings Limited (怡俊集团控股有限公司), a company

listed on the Stock Exchange (Stock Code: 2442), with efect from 9

May 2023.

Mr. Leung is not conected with any Directors, senior management,

substantial or controling shareholders of the Company, nor does he

have any interests in the Shares, which are required to be disclosed

pursuant to Part XV of the SFO.

CORPORATE GOVERNANCE REPORT

企业管治报告

28DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

本集团认可在本集团管理架构及内部监控程序

内引入良好企业管治元素的重要性，借以达致

有效的问责制。本集团致力于维持良好的企业

管治，以保障股东利益及达致有效的问责制，

乃由于本集团认为此乃实现股东价值最大化的

最佳方式。

本公司已采纳上市规则附录C1所载企业管治守

则（「企业管治守则」）。根据企业管治守则的守

则条文第C.2.1条，本公司董事会主席（「主席」）

与本公司行政总裁（「行政总裁」）之角色应分开

而不应由同一人担任。于回顾年度，叶先生兼

任主席与行政总裁。鉴于叶先生自一九三年

八月以来一直承担杰记工程的日常经营管理职

责，董事会认为由叶先生兼任两职有助有效管

理及业务发展，符合本集团最佳利益。

除上述偏离外，董事会认为自二零一八年二月

八日（「上市日期」）至二零二五年三月三十一日

期间，本公司已遵守企业管治守则所载所有守

则条文。

The Group recognises the importance of incorporating elements

of god corporate governance in the management structures and

internal control procedures of the Group so as to achieve efective

acountability. The Group is comited to maintaining god

corporate governance to safeguard the interest of shareholders and

to achieve efective acountability because the Group believes that

is the best way to maximise our shareholder’s value.

The Company has adopted the corporate governance code (the “CG

code”) contained in Apendix C1 to the Listing Rules. Pursuant to

code provision C.2.1 of the CG Code, the roles of the chairman of

the Board (“the Chairman”) and the chief executive oficer of the

Company (the “Chief Executive Oficer”) should be separated and

should not be performed by the same individual. Mr. Yip was the

Chairman and Chief Executive Oficer during the Review Year. As

Mr. Yip has ben asuming day-to-day responsibilities in operating

and managing Kit Ke Enginering since August 1993, the Board is

of the view that it is in the best interest of the Group to have Mr.

Yip taking up both roles for efective management and busines

development.

Save for the above deviation, the Board considers that during the

period from 8 February 2018 (the “Listing Date”) to 31 March

2025, the Company has complied with al the code provisions set

out in the CG Code.

2024/25 年报 • 龙升集团控股有限公司29

CORPORATE GOVERNANCE REPORT

企业管治报告

上市发行人董事进行证券交易的标

准守则

本公司已采纳上市规则附录C3上市发行人董事

进行证券交易的标准守则（「标准守则」）作为董

事进行证券交易的行为守则。经向董事作出特

定询问，全体董事确认彼等于自上市日期起至

本年报日期止期间已遵守标准守则的规定。

董事会

组成

本公司坚持认为董事会中执行董事及非执行董

事（包括独立非执行董事）之构成应当平衡，从

而使董事会中拥有可有效行使独立判断的强大

独立元素。于本报告日期，董事会由叶先生担

任主席，包括五名成员，其中包括两名执行董

事及三名独立非执行董事。

董事履历资料载于本报告「董事及高级管理层履

历资料」一节。

执行董事

叶育杰先生（主席）（行政总裁）

张振辉先生

独立非执行董事

李国麟先生

陈华胜先生

丁昕女士（于二零二四年十二月十二日获委任）

陈家宇先生（于二零二四年十二月三十一日辞任）

陈家宇先生已于二零二四年十二月三十一日辞

任独立非执行董事，以专注于其他业务及个人

事务。

MODEL CODE FOR SECURITIES TRANSACTIONS

BY DIRECTORS OF LISTED ISUERS

The Company has adopted the Model Code for Securities

Transactions by Directors of Listed isuers (the “Model Code”) as set

out in Apendix C3 of the Listing Rules as its own code of conduct

regarding Directors’ securities transactions. Having made specific

enquiries of the Directors, al the Directors have confirmed that they

have complied with the requirements of the Model Code during

the period from the Listing Date and up to the date of this anual

report.

THE BOARD

Composition

The Company is comited to the view that the Board should

include a balanced composition of executive Directors and non-

executive Directors (including independent non-executive Directors),

so that there is a strong independent element on the Board, which

can efectively exercise independent judgement. As at the date of

this report, the Board is chaired by Mr. Yip and comprised of five

members including two executive Directors and thre independent

non-executive Directors.

Biographical details of the Directors are set out in the section

headed “Biographical Details of the Directors and Senior

Management” in this report.

Executive Directors

Mr. Yip Yuk Kit (Chairman) (Chief Executive Oficer)

Mr. Cheung Chun Fai

Independent Non-executive Directors

Mr. Le Kwok Lun

Mr. Chan Wa Shing

Ms. Ding Xin (apointed on 12 December 2024)

Mr. Chan Ka Yu (resigned on 31 December 2024)

Mr. Chan Ka Yu ceased to be an independent non-executive

Director on 31 December 2024 in order to focus on his other

busines and personal comitments.

30DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

董事会成员多元化政策

自上市日期起，董事会已采纳董事会成员多元

化政策（「董事会成员多元化政策」）。董事会成

员多元化政策之概要披露如下：

• 本公司认可设置多元化董事会对提升董事

会质素及效能裨益良多；

，会从多

个方面考虑董事会成员多元化，包括但不

限于性别、年龄、文化及教育背景、种

族、专业经验、技能、知识及服务任期；

，并

在考虑人选时凭客观条件充分顾及董事会

成员多元化的裨益；

包括但不限于性别、年龄、文化及教育背

景、种族、专业经验、技能、知识及服务

任期。最终将按人选的长处及可为董事会

提供的贡献作决定；及

• 董事会提名委员会将从多元化角度就董事

会组成作报告、监督董事会成员多元化政

策实施、检讨董事会成员多元化政策以确

保行之有效，及向董事会提出修订建议，

供其考虑及审批。

董事会目前由四位男性董事及一位女性董事组

成，年龄、服务年资及多元化观点各不相同，

并已在本报告第21页至第27页的「董事及高级

管理层履历资料」中披露。

于二零二五年三月三十一日，本集团的总员工

包括45名女性及277名男性。考虑到业务模式

及营运需要，目前员工的性别多样性是合适

的。本集团持续致力确保工作场所的平等机

会，包括根据所有员工的知识、经验及个人表

现（不论性别），提供招聘、雇用、薪酬、培训

及晋升机会。

Board Diversity Policy

The Board has adopted a board diversity policy (the “Board Diversity

Policy”) since the Listing Date. The sumary of the Board Diversity

Policy is disclosed as below:

• the Company recognises the benefits of having a diverse

Board to enhance the quality and efectivenes of the Board;

’s composition, Board diversity has

ben considered from a number of aspects, including but not

limited to gender, age, cultural and educational background,

ethnicity, profesional experience, skils, knowledge and

length of service;

, and

candidates wil be considered against objective criteria, having

due regard for the benefits of diversity on the Board;

• the selection of candidates wil be based on a range of

diversity perspectives, including but not limited to gender, age,

cultural and educational background, ethnicity, profesional

experience, skils, knowledge and length of service. The

ultimate decision wil be based on merit and contribution that

the selected candidates wil bring to the Board; and

• the nomination comite of the Board wil report on the

Board’s composition under diversified perspectives, monitor

the implementation of the Board Diversity Policy, review the

Board Diversity Policy to ensure efectivenes and recomend

any revisions to the Board for consideration and aproval.

The Board’s curent composition comprises 4 male Directors and 1

female Director with diferent ages, lengths of service and diversity

perspectives, which have ben disclosed in biographical information

shown in “Biographical Details of the Directors and Senior

Management” on pages 21 to 27 of this report.

As at 31 March 2025, the Group’s total workforce comprised of

45 female and 277 male. The curent gender diversity of workforce

was apropriate taking into acount the busines models and

operational neds. The Group continualy strives to ensure equal

oportunity acros the workplace, including recruitment, hiring,

compensation, training and promotion for al employes based on

their knowledge, experience and individual performance, regardles

of their gender.

2024/25 年报 • 龙升集团控股有限公司31

CORPORATE GOVERNANCE REPORT

企业管治报告

考虑到董事会多元化政策的目标已达成，董事

会认为毋须就董事会多元化政策的执行订立可

衡量的目标。本公司将继续执行及检讨董事会

多元化政策。具体而言，董事会在未来物色潜

在董事候选人时，将确保根据与本公司从事相

同行业的联交所上市发行人董事会的性别分布

情况，充分考虑性别多元化。

独立非执行董事

独立非执行董事已获本公司委任，自二零一八

年二月八日起或自二零一九年四月一日起或自

二零二四年十二月十二日起初始固定年期为三

年，其后将继续获委任，除非及直至由本公司

或董事向另一方发出三个月的书面通知予以终

止则另作别论，并须根据本公司组织章程细则

的规定，在本公司股东周年大会上轮值退任及

重选连任。

独立非执行董事为董事会提供了多个领域的业

务及财务专业知识、经验及独立判断。透过积

极参与董事会议及任职于不同的董事委员

会，全体独立非执行董事将继续为本公司作出

多重贡献。

在整个回顾年度，本公司委任三名独立非执行

董事，符合上市规则要求董事会最少有三名独

立非执行董事，独立非执行董事人数须至少占

董事会成员三分之一，至少有一名独立非执行

董事具备合宜的专业资质或会计或相关财务管

理经验的规定。

各独立非执行董事已根据上市规则第3.13条向

本公司发出年度独立性确认书。于本年报日

期，本公司根据上市规则的相关规定，认为全

体独立非执行董事乃属独立。

丁昕女士已于二零二四年十二月十二日取得上

市规则第3.09D条所述的法律意见，并确认其瞭

解其作为本公司董事的责任。

Considering that the objective of the Board Diversity Policy had

ben met, the Board considered that no measurable objective for

the implementation of the Board Diversity Policy is required to be

set. The Company wil continue to enforce and review our Board

Diversity Policy. In particular, when the Board identifies potential

Director candidates in the future, it wil ensure that suficient

consideration wil be given to gender diversity in light of the gender

distribution of the boards of listed isuers on the Stock Exchange

which operates in the same industry as the Company.

Independent Non-executive Directors

The independent non-executive Directors have ben apointed by

the Company for an initial fixed term of thre years comencing

either from 8 February 2018 or from 1 April 2019 or from 12

December 2024 and shal continue thereafter unles and until

terminated by either the Company or the Director giving to the

other thre months of notice in writing and subject to rotation

and re-election at anual general metings of the Company in

acordance with the articles of asociation of the Company.

The independent non-executive Directors have brought in a

wide range of busines and financial expertise, experience and

independent judgement to the Board. Through active participation

in the Board metings and serving on various Board comites, al

independent non-executive Directors wil continue to make various

contributions to the Company.

Throughout the Review Year, the Company had thre independent

non-executive Directors, meting the requirements of the Listing

Rules that the Board must include at least thre independent non-

executive Director, the number of independent non-executive

Directors must represent at least one-third of the Board members,

and that at least one of the independent non-executive Directors

has apropriate profesional qualifications or acounting or related

financial management expertise.

Each of the independent non-executive Directors has given an

anual confirmation of independence to the Company pursuant

to Rule 3.13 of the Listing Rules. As at the date of this anual

report, the Company is of the view that al independent non-

executive Directors are independent in acordance with the relevant

requirements under the Listing Rules.

Ms. Ding Xin has obtained the legal advice refered to in Rule 3.09D

of the Listing Rules on 12 December 2024 and has confirmed that

she understod her obligations as director of the Company.

32DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

委任、重选及罢免董事

各董事已与本公司订立具特定年期的服务协议

或委任函，服务协议或委任函可根据当中所列

终止条文以及经修订及重列组织章程大纲及细

则（「经重列细则」）所载董事轮值退任条文予以

终止。根据企业管治守则的守则条文第B.2.2

条，每名董事（包括有特定任期的董事）应至少

每三年轮值退任一次。

根据经重列细则第108条，于每届股东周年大

会上，当时三分之一的董事应轮值告退。然

而，倘董事人数并非三的倍数，则退任董事人

数以最接近但不少于三分之一的人数为准。每

年须退任的董事为自上次获重选连任或委任以

来任期最长的董事，惟倘多名董事均于同一日

任职或获重选连任，则以抽签决定须告退的董

事名单（彼等之间另有协定则除外）。

根据经重列细则第112条，获董事会委任以增

加现有董事会成员名额的董事的任期仅至本公

司下届股东周年大会为止，并可于该大会上膺

选连任。

根据经重列细则第108条，叶育杰先生及张振

辉先生将作为轮值退任董事，并符合资格及愿

意于本公司应届股东周年大会上膺选连任。

根据经重列细则第112条，丁昕女士将的任期

仅至本公司应届股东周年大会为止，并符合资

格且愿意膺选连任。

Apointment, Re-election and Removal of Directors

Each of the Directors has entered into a service agrement or a

leter of apointment with the Company for a specific term and

is subject to termination provisions therein and provisions on

retirement by rotation of Directors as set out in the amended and

restated memorandum and articles of asociation (the “Restated

Articles”). Pursuant to code provision B.2.2 of the CG code, every

director, including those apointed for a specific term should be

subject to retirement by rotation at least once every thre years.

In acordance with article 108 of the Restated Articles, at each

anual general meting, one third of the Directors for the time

being wil retire from ofice by rotation. However, if the number of

Directors is not a multiple of thre, then the number nearest to but

not les than one third shal be the number of retiring Directors. The

Directors who shal retire in each year wil be those who have ben

longest in the ofice since their last re-election or apointment but

as betwen persons who become or were last re-elected Directors

on the same day those to retire wil (unles they otherwise agre

among themselves) be determined by lot.

In acordance with article 112 of the Restated Articles, any Director

apointed by the Board as an adition to the existing Board shal

hold ofice only until the next folowing AGM of the Company and

shal then be eligible for re-election.

In acordance with article 108 of the Restated Articles, Mr. Yip Yuk

Kit and Mr. Cheung Chun Fai wil retire as Directors by rotation and,

being eligible, ofer themselves for re-election at the forthcoming

anual general meting of the Company.

In acordance with article 112 of the Restated Articles, Ms. Ding Xin

wil hold ofice only until the forthcoming anual general meting

of the Company and, being eligible, ofer herself for re-election.

2024/25 年报 • 龙升集团控股有限公司33

CORPORATE GOVERNANCE REPORT

企业管治报告

角色及职责

董事会负责本集团的整体管理，而本公司所有

业务的日常经营管理已授权予管理层在本公司

行政总裁的领导下开展。所委托的职能及工作

任务会定期检讨。管理层在进行任何重大交易

之前，必须获得董事会的批准。

董事会的主要角色为：

、年度报告及中期报

告；

、收购及出售事项；

；及

并未成立企业管治委员会，而董事会承担本公

司企业管治职能，其中包括：

• 检讨及监督董事及高级管理层的培训及持

续专业发展；

• 检讨及监督本公司为遵守法例法规定采

取的政策及常规；

、审阅及监督适用于雇员及董事的行

为准则及合规手册；及

• 检讨本公司遵守企业管治守则的情况及在

企业管治报告中作出披露。

Role and Responsibilities

The Board is responsible for the overal management of the Group

and al day-to-day operations and management of the Company’s

busines has ben delegated to management under the leadership

of the chief executive oficer of the Company. The delegated

functions and work tasks are periodicaly reviewed. Aprovals have

to be obtained from the Board prior to any significant transaction

being entered into by the management.

The principal roles of the Board are:

;

;

, anual report and

interim report;

, acquisition and disposals;

;

;

;

and

• declare and recomend the payments of dividends.

No corporate governance comite has ben established and the

Board is responsible for the corporate governance functions of the

Company, which includes:

’s policies and practices on

corporate governance;

• review and monitor the training and continuous profesional

development of directors and senior management;

’s policies and practices on

compliance with legal and regulatory requirements;

, review and monitor the code of conduct and

compliance manual aplicable to employes and directors;

and

’s compliance with the CG Code and

disclosure in the corporate governance report.

34DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

董事将审阅本集团的企业管治政策，并于各财

政年度遵守企业管治守则，采用企业管治报告

中的「遵守或解释」原则。

董事保险

本公司已就全体董事履行彼等责任为彼等安排

合宜的保险。

董事培训及专业发展

本公司不时向董事提供内部培训，形式包括内

容关乎适用法例、规则及法规最新发展、管

理、财务及业务事项的研讨会、研习会及╱或

组织阅读相关资料，以发展及更新彼等的知识

及技能。上述培训的成本由本公司承担。

董事须向本公司提供培训记录的详细资料。根

据该等培训记录，董事已于回顾年度接受以下

培训：

A：出席研讨会╱会议╱论坛

B：阅览报纸、刊物及关乎经济、整体业务、企业

管治及董事职责及责任的最新资料

The Directors wil review the Group’s corporate governance policies

and compliance with the CG code each financial year and comply

with the “comply or explain” principle in the corporate governance

report.

Directors’ Insurance

The Company has aranged apropriate insurance coverage for al

directors in relation to the discharge of their responsibilities.

Directors’ Training and Profesional Development

The Company, from time to time, provides in-house training for

the Directors in the form of seminars, workshops and/or reading

relevant material on the latest development of aplicable laws,

rules and regulations, management, financial and busines isues to

develop and refresh their knowledge and skils. The above training

costs are borne by the Company.

The Directors are required to provide the Company with details

of the training’s records. Based on those training’s record, the

Directors received the folowing training during the Review Year:

Type of

trainings

培训类型

Mr. Yip Yuk Kit叶育杰先生A and B

A及B

Mr. Cheung Chun Fai张振辉先生A and B

A及B

Mr. Chan Ka Yu (resigned on 31 December 2024)陈家宇先生（于二零二四年

十二月三十一日辞任）

A and B

A及B

Mr. Le Kwok Lun李国麟先生A and B

A及B

Mr. Chan Wa Shing陈华胜先生A and B

A及B

Ms. Ding Xin (apointed on 12 December 2024)丁昕女士（于二零二四年

十二月十二日获委任）

A and B

A及B

A: atending seminars/conferences/forums

B: reading newspapers, journals and updates relating to the economy,

general busines, corporate governance and directors’ duties and

responsibilities

2024/25 年报 • 龙升集团控股有限公司35

CORPORATE GOVERNANCE REPORT

企业管治报告

董事会议

董事会定期举行会议，并于召开季度会议前发

出至少14日之通知。就所有其他董事会议而

言，将会提前于合理时间发出通知。董事获准

将任何事宜纳入须于会上讨论及决议的会议

程。为使董事妥为知悉各董事会议将予提呈

之事宜及作出知情决定，会议程连同董事会

文件将于董事会议拟定举行日期前至少3日

（或协定的有关其他时期）送交全体董事。

董事会及董事委员会议的会议记录由本公司

公司秘书编制及保管，且于董事要求时可供其

查阅。全体董事可向公司秘书寻求建议及服

务，并获准于需要时寻求外部专业建议。

董事会透过举行股东大会寻求与股东之间的持

续对话。董事会及外部核数师将参加股东大会

回答股东可能提出的任何问题。于股东大会将

提呈独立决议案解决各项独立事宜。

于回顾年度，董事会举行七次会议及一次股东

大会，而各董事会成员出席记录载列如下：

Board and General Metings

The Board mets regularly with at least 14 days’ advanced notice

being provided for quarterly metings. For al other Board metings,

notice wil be given in a reasonable time in advance. The Directors

are alowed to include any mater in the agenda that is required for

discusion and resolution at the meting. To enable the Directors to

be properly briefed on isues arising at each of the Board metings

and to make informed decisions, an agenda and the acompanying

Board papers wil be sent to al Directors at least thre days before

the intended date of the Board meting, or such other period as

agred.

Minutes of the Board and comite metings are prepared and

kept by the company secretary of the Company, and are open for

inspection by Directors upon request. Al Directors have aces to

the advice and services of the company secretary, and are alowed

to sek external profesional advice if neded.

The Board seks to maintain an ongoing dialogue with the

Shareholders through the holding of general metings. The Board

and external auditor wil atend the general meting to answer

any questions that may be raised by the Shareholders. A separate

resolution shal be proposed at the general metings to adres

each separate isue.

During the Review Year, the Board held seven metings and one

general meting. The atendance record of each member of the

Board is set out below:

Board Metings

atended/

Board Metings

convened

General Metings

atended/

General Metings

convened

出席董事会议次数╱

举行董事会议次数

出席股东大会次数╱

举行股东大会次数

Mr. Yip Yuk Kit (Chairman)叶育杰先生（主席）7/71/1

Mr. Cheung Chun Fai张振辉先生7/71/1

Mr. Chan Ka Yu (resigned on

31 December 2024)

陈家宇先生（于二零二四年

十二月三十一日辞任）7/71/1

Mr. Le Kwok Lun李国麟先生7/71/1

Mr. Chan Wa Shing陈华胜先生7/71/1

Ms. Ding Xin (apointed on

12 December 2024)

丁昕女士（于二零二四年

十二月十二日获委任）–

36DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

于回顾年度后及直至本报告日期，董事会举行

一次会议，而各董事会成员出席记录载列如

下：

董事委员会

为便于董事会工作，董事会已成立三个董事委

员会监督本公司事务的特定范畴，即审核委员

会（「审核委员会」）、薪酬委员会（「薪酬委员会」）

及提名委员会（「提名委员会」）。每个董事委员

会就其权限及职责制定各自的职权范围，并已

由董事会批准及定期检讨。于本公司及联交所

网站可查阅每个委员会的职权范围。

每个董事委员会均已获提供充足资源履行其职

责，及于合理要求时可在适当情况下寻求独立

专业意见，费用由本公司承担。

Subsequent to the Review Year and up to the date of this report,

the Board held one meting and the atendance record of each

member of the Board is set out below:

Meting atended/

Meting convened

出席会议次数╱

举行会议次数

Mr. Yip Yuk Kit (Chairman)叶育杰先生（主席）1/1

Mr. Cheung Chun Fai张振辉先生1/1

Mr. Le Kwok Lun李国麟先生1/1

Mr. Chan Wa Shing陈华胜先生1/1

Ms. Ding Xin (apointed on 12 December 2024)丁昕女士（于二零二四年

十二月十二日获委任）1/1

BOARD COMITES

To facilitate the work of the Board, the Board has established thre

board comites to overse specific aspects of the Company’s

afairs, namely audit comite (the “Audit Comite”),

remuneration comite (the “Remuneration Comite”) and

nomination comite (the “Nomination Comite”). Each board

of comite has its own terms of reference relating to its authority

and duties, which have ben aproved by the Board and are

reviewed periodicaly. The terms of reference of each comite are

available on the websites of the Company and the Stock Exchange.

Each board of comite has ben provided with suficient

resources to discharge its duties and, upon reasonable request,

is able to sek independent profesional advice in apropriate

circumstances, at the Company’s expense.

2024/25 年报 • 龙升集团控股有限公司37

CORPORATE GOVERNANCE REPORT

企业管治报告

审核委员会

本公司于二零一八年一月十八日成立审核委员

会并采纳符合企业管治守则的书面职权范围。

审核委员会的主要职责包括但不限于(a)就委

任、重新委任及罢免外聘核数师向董事会提供

建议，批准外聘核数师薪酬及其委聘条款以及

其离职或免职的任何问题；(b)监督财务报表及

年度报告及账目、半年度报告及（倘为刊发而编

制）季度报告的完整性，审阅当中载列的重大财

务申报判断；及 (c)检讨我们的财务控制、内部

监控及风险管理体系。

审核委员会包括三名成员，由全体独立非执行

董事组成，即丁昕女士、李国麟先生及陈华胜

先生。李国麟先生为审核委员会主席。

于回顾年度，审核委员会举行三次会议，而各

审核委员会成员出席记录载列如下：

Audit Comite

The Company established an Audit Comite on 18 January

2018 with writen terms of reference in compliance with the CG

code. The primary roles of the Audit Comite include, but are

not limited to, (a) making recomendations to the Board on the

apointment, reapointment and removal of the external auditor,

and aproving the remuneration and terms of engagement of the

external auditor, and any questions of its resignation or dismisal;

(b) monitoring the integrity of the financial statements and anual

reports and acounts, half-yearly reports and, if prepared for

publication, quarterly reports, and reviewing significant financial

reporting judgements contained in them; and (c) reviewing the

financial controls, internal control and risk management systems.

The Audit Comite consists of thre members who are al

independent non-executive Directors, namely, Ms. Ding Xin, Mr. Le

Kwok Lun and Mr. Chan Wa Shing. Mr. Le Kwok Lun is the

Chairman of the Audit Comite.

During the Review Year, the Audit Comite held thre metings

and the atendance record of each member of the Audit Comite

is set out below:

Meting atended/

Meting convened

出席会议次数╱

举行会议次数

Mr. Le Kwok Lun (Chairman)李国麟先生（主席）3/3

Mr. Chan Ka Yu (resigned on 31 December 2024)陈家宇先生（于二零二四年

十二月三十一日辞任）3/3

Mr. Chan Wa Shing陈华胜先生3/3

Ms. Ding Xin (apointed on 31 December 2024)丁昕女士（于二零二四年

十二月三十一日获委任）–

38DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

于回顾年度后及直至本报告日期，审核委员会

举行两次会议，审核委员会于回顾年度至本报

告日期所进行的工作概述如下：

• 审阅本集团截至二零二五年三月三十一日

止年度的年度业绩；

、财务报告体系、风

险管理及内部监控程序；

• 就重新委任本公司外聘核数师向董事会提

供建议；

、重大发现

及建议；

、员工资质及经验、培

训计划及本公司会计及财务申报职能预

算；

• 审阅及与管理层讨论本公司外聘顾问发出

的报告；及

，与本公司外聘

核数师会面。

自上市日期及直至本报告日期，董事会与审核

委员会之间并无任何分歧。

Subsequent to the Review Year and up to the date of this report,

the Audit Comite held two meting, and the folowing is a

sumary of the work performed by the Audit Comite during

the Review Year and up to the date of this report:

• reviewed the anual results of the Group for the year ended

31 March 2025;

’s financial information, financial report

system, risk management and internal control procedures;

’s Auditor’s independence and

objectivity;

• made recomendations to the Board on the re-apointment

of the Company’s external auditor;

’s external auditor’s management

leter, significant findings and recomendations;

, staf qualifications

and experience, training programes and budget of the

Company’s acounting and financial reporting function;

’s

external consultant with the management; and

’s external auditor, in the absence of

the management.

There had ben no disagrement betwen the Board and the Audit

Comite from the Listing Date and up to the date of this report.

2024/25 年报 • 龙升集团控股有限公司39

CORPORATE GOVERNANCE REPORT

企业管治报告

薪酬委员会

本公司于二零一八年一月十八日成立薪酬委员

会并采纳符合企业管治守则的书面职权范围。

薪酬委员会的主要职责包括但不限于(a)就我们

全体董事及高级管理人员的薪酬政策及结构以

及就设立正式透明的薪酬政策制定程序向董事

会提供建议；(b)参照董事会的企业目标及宗旨

审阅及批准管理层的薪酬方案；(c)就非执行董

事的薪酬向董事会提供建议；及(d)检讨及╱或

批准有关购股权计划的事宜。

薪酬委员会由一名执行董事（即叶育杰先生）及

两名独立非执行董事（即陈华胜先生及丁昕女

士）组成。陈华胜先生先生为薪酬委员会主席。

董事及高级管理层的薪酬乃参照彼等的职责、

工作量、服务本集团年限及本集团的表现厘

定。薪酬委员会亦确保概无人士将参与厘定自

身薪酬。

于回顾年度，高级管理层的薪酬范围列示如

下：

有关董事及最高行政人员以及五大高薪人士的

薪酬详情载于综合财务报表附注12。

Remuneration Comite

The Company established a Remuneration Comite on 18

January 2018 with writen terms of reference in compliance with

the CG code. The primary roles of the Remuneration Comite

include, but are not limited to, (a) making recomendations to

the Board on our policy and structure for the remuneration of al

of the Directors and senior management personel and on the

establishment of a formal and transparent procedure for developing

remuneration policy; (b) reviewing and aproving the management’s

remuneration proposals with reference to the Board’s corporate

goals and objectives; (c) making recomendations to the Board on

the remuneration of non-executive Directors; and (d) reviewing and/

or aproving maters in relation to share option scheme.

The Remuneration Comite consists of an executive Director,

namely Mr. Yip Yuk Kit and two independent non-executive

Directors, namely Mr. Chan Wa Shing and Ms. Ding Xin. Mr. Chan

Wa Shing is the Chairman of the Remuneration Comite.

The remuneration of the Directors and senior management is

determined with reference to the responsibilities, workload, the

time devoted and the performance of the Group. The Remuneration

Comite also ensures that no individual wil be involved in

determining his own remuneration.

During the Review Year, the remuneration of senior management is

listed as below by band:

No. of person

Band of remuneration薪酬范围人数

nil–HK$1,000,0000至1,000,000港元2

Further details of the Directors’ and chief executives’ emoluments

and the five highest paid individuals is set out in note 12 to the

consolidated financial statements.

40DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

于回顾年度，薪酬委员会举行两次会议，而各

薪酬委员会成员出席记录载列如下：

于回顾年度后及直至本报告日期，薪酬委员会

举行一次会议，薪酬委员会于回顾年度及直至

本报告日期所进行的工作概述如下：

、工作量、

服务本集团年限及本集团的表现，以及其

他可资比较上市公司支付者，考虑董事及

高级管理层薪酬；

• 参照董事会的企业目标及宗旨审阅及就管

理层的薪酬方案提供建议；

• 就独立非执行董事之薪酬向董事会提供建

议；及

╱或审批有关购股权计划的事宜。

During the Review Year, the Remuneration Comite held two

metings and the atendance record of each member of the

Remuneration Comite is set out below:

Meting atended/

Meting convened

出席会议次数╱

举行会议次数

Mr. Chan Wa Shing (Chairman)陈华胜先生（主席）2/2

Mr. Chan Ka Yu (resigned on 31 December 2024)陈家宇先生（于二零二四年

十二月三十一日辞任）2/2

Mr. Yip Yuk Kit叶育杰先生2/2

Ms. Ding Xin (apointed on 31 December 2024)丁昕女士（于二零二四年

十二月三十一日获委任）–

Subsequent to the Review Year and up to the date of this report,

the Remuneration Comite held one meting, and the folowing

is a sumary of the work performed by the Remuneration

Comite during the Review Year and up to the date of this

report:

• considered the remuneration paid to Directors and senior

management with reference to their responsibilities, workload,

the time devoted and the performance of the Group, as wel

as remuneration paid by other comparable listed companies;

• reviewed and made recomendations on the management

remuneration proposals with reference to the corporate goals

and objectives of the Board;

• made recomendations to the Board on the remuneration of

independent non-executive Directors; and

/or aproved maters in relation to share option

scheme.

2024/25 年报 • 龙升集团控股有限公司41

CORPORATE GOVERNANCE REPORT

企业管治报告

提名委员会

本公司于二零一八年一月十八日成立提名委员

会并采纳符合企业管治守则的书面职权范围。

提名委员会的主要职责包括但不限于(a)至少每

年检讨一次董事会的架构、规模及组成（包括技

能、知识及经验）并就董事会的任何建议变更

提供建议以与我们的企业策略互补；(b)物色具

备合适资格可担任董事会成员的人士，并挑选

提名有关人士出任董事或就此向董事会提供意

见；(c)评估独立非执行董事的独立性；(d)就提

名程序、过程及标准提供意见；及(e)评估每名

董事于董事会投入的时间及贡献，以及董事有

效履行职责的能力。

提名委员会由一名执行董事（即叶育杰先生）及

两名独立非执行董事（即丁昕女士及李国麟先

生）组成。叶育杰先生为提名委员会主席。

于回顾年度，提名委员会举行两次会议，而各

提名委员会成员出席记录载列如下：

回顾年度后及直至本报告日期，提名委员会举

行一次会议，提名委员会已检讨董事会成员多

元化政策，及从多元化角度就董事会组成作出

报告，并监督董事会成员多元化政策的实施。

提名委员会亦已建议于应届股东周年大会上重

选叶育杰先生、张振辉先生及丁昕女士。

Nomination Comite

The Company established a Nomination Comite on 18 January

2018 with writen terms of reference in compliance with the CG

code. The primary roles of the Nomination Comite include, but

are not limited to, (a) reviewing the structure, size and composition

(including the skils, knowledge and experience) of the Board at

least anualy and making recomendations on any proposed

changes to the Board to complement our corporate strategy; (b)

identifying individuals suitably qualified to become the Board

members and selecting or making recomendations to the Board

on the selection of individuals nominated for directorships; (c)

asesing the independence of the independent non-executive

Directors; (d) making recomendations relating to nomination

procedures, proces and criteria; and (e) asesing each Director’s

time comitment and contribution to the Board and Director’s

ability to discharge his/her responsibilities efectively.

The Nomination Comite consists of an executive Director,

namely Mr. Yip Yuk Kit and two independent non-executive

Directors, namely Ms. Ding Xin and Mr. Le Kwok Lun. Mr. Yip Yuk

Kit is the Chairman of the Nomination Comite.

During the Review Year, the Nomination Comite held two

metings and the atendance record of each member of the

Nomination Comite is set out below:

Meting atended/

Meting convened

出席会议次数╱

举行会议次数

Mr. Yip Yuk Kit (Chairman)叶育杰先生（主席）2/2

Mr. Chan Ka Yu (resigned on 31 December 2024)陈家宇先生（于二零二四年

十二月三十一日辞任）2/2

Mr. Le Kwok Lun李国麟先生2/2

Ms. Ding Xin (apointed on 31 December 2024)丁昕女士（于二零二四年

十二月三十一日获委任）–

Subsequent to the Review Year and up to the date of this report,

the Nomination Comite held one meting. The Nomination

Comite had reviewed the Board Diversity Policy and reported

on the Board’s composition under diversified perspectives, and had

monitored the implementation of the Board Diversity Policy. The

Nomination Comite had also recomended to re-elect Mr. Yip

Yuk Kit, Mr. Cheung Chun Fai and Ms. Ding Xin at the forthcoming

AGM.

42DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

董事及核数师就财务报表的责任

董事知悉彼等编制本集团财务报表之责任。董

事亦知悉彼等确保财务报表适时刊发的责任。

董事并不知悉可能导致对本集团持续经营能力

产生重大怀疑的任何重大不确定性因素。

核数师的申报责任载于本报告「独立核数师报

告」一节。

核数师酬金

就回顾年度，本集团已付╱应付致同（香港）会

计师事务所有限公司的费用载列如下：

就非审核服务产生的费用指就审阅中期财务资

料支付予致同（香港）会计师事务所有限公司的

服务费用157,500港元。审核委员会信纳回顾年

度的非审核服务并不影响核数师的独立性。

风险管理及内部监控

董事会确认负责本公司的风险管理及内部监控

系统及检讨其成效。

在履行彼等责任时，本集团各部门领导须完成

风险管理及内部监控自我评估问卷、识别及评

估该等重大风险及向管理层确认已制定及妥为

遵守适当的内部监控政策及程序。管理层其后

会审核结果并每年将所有重大问题汇总提交董

事会及审核委员会。本集团会按年度基准审阅

风险管理及内部监控职能。

DIRECTORS’ AND AUDITOR’S RESPONSIBILITY

FOR THE FINANCIAL STATEMENTS

The Directors acknowledge their responsibility for preparing the

financial statements of the Group. The Directors also acknowledge

their responsibility to ensure the financial statements are published

in a timely maner. The Directors are not aware of any material

uncertainty that may cast significant doubt upon the Group’s ability

to continue as a going concern.

The Auditor’s reporting responsibilities are set out in the section

headed “Independent Auditor’s Report” in this report.

AUDITOR’S REMUNERATION

For the Review Year, the fe paid/payable to Grant Thornton Hong

Kong Limited by the Group, is set out as folows:

HK$

港元

Audit services审核服务1,046,700

Non-audit services非审核服务157,500

The amount of fe incured for the non-audit services represented

HK$157,500 of the service fe paid to Grant Thornton Hong Kong

Limited in relation to review of interim financial information. The

Audit Comite was satisfied that non-audit services for the

Review Year did not afect the independence of the auditor.

RISK MANAGEMENT AND INTERNAL CONTROL

The Board acknowledges its responsibility for the Company’s risk

management and internal control systems, and for reviewing its

efectivenes.

In meting its responsibility, the departmental heads of the Group

have to complete a risk management and internal control self-

asesment questionaires, identify and evaluate those significant

risks and confirm to the management that apropriate internal

control policies and procedures have ben established and properly

complied with. The management then reviewed the findings and

sumarised al material isues to the Board and Audit Comite

anualy. Review of risk management and internal control functions

are conducted on an anual basis.

2024/25 年报 • 龙升集团控股有限公司43

CORPORATE GOVERNANCE REPORT

企业管治报告

本集团已制定批准及控制开支的指引及程序，

以确保财务报告的可靠性、营运的效益及效率

以及遵守适用法律法规。尽管该等指引及程序

旨在识别、监察、报告及跟进可能对本集团实

现业务目标有不利影响的风险，但无法绝对保

证避免重大失实陈述、错误、损失、诈骗或不

合规。

尽管本公司并未设置内部审核职能，但董事会

已采取充分措施以对本集团不同范畴履行内部

审核职能。本集团委聘一名独立内部控制顾问

检讨本集团财务、经营及合规控制相关风险管

理及内部监控体系的效能及效益，检讨结果会

与审核委员会及董事会总结及讨论。审核委员

会及董事会信纳本集团的风险管理及内部监控

体系乃属有效及充分。

内幕消息政策

本公司已制定政策，以确保内幕消息根据适用

法例及法规公平及适时地向公众发布。本公司

执行多项程序，例如限制接触内幕消息的人士

及要求外界人士签署保密协议，以避免不当处

理内幕消息。本公司亦提醒相关人员及其他专

业人士将内幕消息保密，直至公开披露为止。

公司秘书

本公司已委任梁海祺先生负责推动董事会进

程，以及促进董事之间及董事与股东及管理层

之间的沟通。梁先生确认于回顾年度，彼已接

受不少于15小时之专业培训以提高其技能及丰

富其知识。梁先生的履历载于本报告「董事及高

级管理层履历资料」一节。

股息政策

本公司已采纳股息政策，列明有关将其净溢利

作为股息宣派、支付或分派予股东的原则及指

引。股息分派将由董事会根据本集团的经营业

绩、现金流量、财务状况、业务前景、与股息

分派有关的法定及监管限制，以及董事会可能

考虑的其他因素而考虑及厘定。

The Group has established guidelines and procedures for the

aproval and control of expenditures, to ensure the reliability of the

financial reporting, efectivenes and eficiency of operation and

the compliance with aplicable laws and regulations. Whilst these

guidelines and procedures are designed to identify, monitor, report

and folow up on risks that could adversely impact the achievement

of the Group’s busines objectives, they do not provide absolute

asurance against material mistatement, erors, loses, fraud or

non-compliance.

Although the Company does not have an internal audit function,

the Board has put in place adequate measures to perform the

internal audit function at diferent aspects of the Group. The Group

has engaged an independent internal control consultant to review

the efectivenes and eficiency of the Group’s risk management

and internal control systems in relation to the financial, operational

and compliance controls, and the results were sumarised and

discused with the Audit Comite and the Board. The Audit

Comite and the Board are satisfied with the efectivenes and

adequacy of the risk management and internal control systems of

the Group.

INSIDE INFORMATION POLICY

The Company has established policy for ensuring that inside

information is diseminated to the public in an equal and timely

maner in acordance with aplicable laws and regulations.

Procedures such as limit aces to inside information to those

who ned to know and requiring external parties to execute

confidentiality agrement have ben implemented by the Company

to guard against mishandling of inside information. The Company

also reminds those relevant personel and other profesional parties

to preserve confidentiality of the inside information until it is publicly

disclosed.

COMPANY SECRETARY

The Company has apointed Mr. Leung Hoi Ki, who is responsible

for facilitating the Board proces, as wel as comunications among

the Directors, with shareholders and management. Mr. Leung has

confirmed that for the Review Year, he has taken no les than 15

hours of profesional training to upgrade his skils and knowledge.

The biography of Mr. Leung is set out in the section headed

“Biographical Details of the Directors and Senior Management” in

this report.

DIVIDEND POLICY

The Company has adopted a dividend policy seting out the

principles and guidelines in relation to the declaration, payment

or distribution of its net profits as dividends to the shareholders.

The distribution of dividend wil be considered and determined

by the Board based on the Group’s operating results, cash flow,

financial position, busines prospects, and statutory and regulatory

restrictions relating to dividend distribution as wel as other factors

that the Board would consider.

44DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

CORPORATE GOVERNANCE REPORT

企业管治报告

股东权利

股东召开股东大会之程序

根据经重列细则第64条，董事会可于其认为合

适的时间召开股东特别大会。

股东特别大会亦可应一名或多名股东要求召

开，惟该等股东于提出要求当日须持有不少于

十分之一之附带权利于股东大会上投票之本公

司缴足股本。

有关请求须以书面形式向董事会或公司秘书提

出（邮寄至香港九龙尖沙咀科学馆道1号康宏广

场北座28楼09室），借以要求董事会就处理有

关要求所指明之任何事务而召开股东特别大

会。有关会议须于提出要求后两个月内召开。

如董事会在提出要求日起计21日内未能安排召

开有关会议，则请求人（或多名请求人）可按相

同方式自行召开会议，而该（等）请求人因董事

会未能妥为召开会议而招致的所有合理费用概

由本公司赔偿。

于股东大会上提呈议案之程序

股东须根据经重列细则第64条在股东特别大会

上提呈决议案。相关规定及程序载于上文「股东

召开股东大会之程序」一段。

根据经重列细则第113条，除非一项有意推举

该名人士担任董事的书面通知及一项该被推举

人士签发表明其愿意选举之书面通知已呈交至

总部或注册办事处，否则任何人士（退任董事除

外）无权在任何股东大会上应选出任董事（除非

由董事会推选）。递交所须通知的期间应不早于

指定为进行选举而召开的股东大会通告寄发之

翌日，且不迟于该股东大会召开日期前七日，

而向本公司发出该等通知之最短期间须为七

日。

SHAREHOLDERS’ RIGHTS

Procedures for Convening General Metings by

Shareholders

Pursuant to Article 64 of the Restated Articles, the Board may,

whenever it thinks fit, convene an extraordinary general meting.

Extraordinary general metings shal also be convened on the

requisition of one or more shareholder holding, at the date of

deposit of requisition, not les than one-tenth of the paid up capital

of the Company having the right of voting at general metings.

Such requisition shal be made in writing to the Board or the

Company Secretary by mail at Unit 09, 28/F, North Tower,

Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowlon,

Hong Kong for the purpose of requiring an extraordinary general

meting to be caled by the Board for the transaction of any

busines specified in such requisition. Such meting shal be held

within two months after the deposit of such requisition. If within

21 days of such deposit, the Board fails to proced to convene

such meting, the requisitioner(s) himself (themselves) may do

so in the same maner, and al reasonable expenses incured by

the requisitioner(s) as a result of the failure of the Board shal be

reimbursed to the requisitioner(s) by the Company.

Procedures for Puting Forward Proposals at

Shareholders’ Meting

Shareholders are requested to folow Article 64 of the Restated

Articles for including a resolution at an extraordinary general

meting. The requirements and procedures are set out above in the

paragraph headed “Procedures for Convening General Metings by

Shareholders”.

Pursuant to Article 113 of the Restated Articles, no person, other

than a retiring Director, shal, unles recomended by the Board

for election, be eligible for election to the ofice of Director at any

general meting, unles notice in writing of the intention to propose

that person for election as a Director and notice in writing by that

person of his wilingnes to be elected shal have ben lodged at the

head ofice or at the registration ofice. The period for lodgment

of the notices required wil comence no earlier than the day after

the dispatch of the notice of the general meting apointed for

such election and end no later than seven days prior to the date of

such general meting and the minimum length of the period during

which such notices to the Company may be given wil be seven

days.

2024/25 年报 • 龙升集团控股有限公司45

CORPORATE GOVERNANCE REPORT

企业管治报告

向董事会作出查询之程序

本集团十分重视股东的回应，借以提高透明度

及促进投资者关系。欢迎股东将有关查询寄送

至本报告「公司资料」一节所载的主要营业地点

或发送邮件至info@dragonrise-group.com，向

董事会作出查询。

投资者关系

董事会致力于与股东及投资人士保持续对

话，且本公司已制定股东通讯政策，载列本公

司以完备、公平与适时方式向股东及投资人士

提供关乎本公司的均衡及易于理解的资料的程

序。

有关本集团的最新资料包括但不限于在联

交所网站(w.hkexnews.hk) 及本公司网站

(w.kitke.com.hk)更新的年度及中期报告、

通函、公告及股东周年大会通告。

此外，本公司将股东周年大会视为实现本公司

与股东沟通及实现股东参与的重要会议。本公

司谨此建议全体股东出席股东周年大会，会上

全体董事会成员及外聘核数师将就本集团之业

务作答。

股东周年大会将于二零二五年九月二十九日（星

期一）召开，本公司将于会议召开日期前至少20

个完整营业日向本公司股东寄发会议通告。

鉴于已有多种渠道与股东沟通，董事会认为年

内股东通讯政策的实施及有效性为有效及足

够。

章程文件之重要变动

除就上市采纳经重列细则外，于回顾年度，本

公司之章程文件并无重大变动。

Procedures by which Enquiries may be Put to the

Board

The Group values fedback from shareholders on its eforts

to promote transparency and foster investor relationship.

Shareholders are welcomed to send their enquiries to the Board

by post to the principal place of busines set out in the section

headed “Corporation Information” in this report or by email at

info@dragonrise-group.com.

INVESTOR RELATIONS

The Board strives to maintain on-going dialogue with shareholders

and the investment comunity, the Company has established a

shareholders’ comunication policy to set out the Company’s

procedures in providing the shareholders and investment comunity

with ready, equal and timely aces to balanced and understandable

information about the Company.

Latest information on the Group including, but not limited to

anual and interim reports, circulars, anouncements and notices of

anual general metings are updated on the website of the Stock

Exchange (w.hkexnews.hk) and on the website of the Company

(w.kitke.com.hk).

In adition, the Company regards the anual general meting as

the primary forum for comunication by the Company with its

shareholders and for shareholder participation. Shareholders are

encouraged to atend the anual general meting, where al Board

members and external auditor are available to answer questions on

the Group’s busines.

The anual general meting wil be held on Monday, 29 September

2025, the notice of which shal be sent to the shareholders of the

Company at least 20 clear busines days prior to the meting.

In light of the availability of various chanels to comunicate with

the shareholders, the Board considered the implementation and

efectivenes of the shareholders’ comunication policy to be

efective and adequate during the years.

SIGNIFICANT CHANGES IN CONSTITUTIONAL

DOCUMENTS

Save for the adoption of the Restated Articles for the purpose of

the Listing, during the Review Year, there had ben no significant

changes in the constitutional documents of the Company.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

46DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

绪言

龙升集团控股有限公司及其营运附属公司杰记

工程有限公司（「杰记工程」或「本公司」）（统称「龙

升集团」或「本集团」）为香港历史悠久的地基工

程服务分包商。我们服务需求主要源自商业及

住宅楼宇的建设。我们主要在香港提供挖掘及

侧向承托与桩帽工程、处置打桩的挖掘物料及

配套服务（包括拆除侧向承托、地盘平整、扎固

钢筋及地盘清理）。

董事会（「董事会」）全面致力于制定及落实环

境、社会及管治策略。董事会成员负责监督其

环境、社会及管治表现。本集团的战略目标当

中已计及相关风险及机遇，与可持续发展的整

体使命和愿景密切保持一致。于制定本集团目

标时，我们坚定地奉行良好企业管治的原则，

并已审慎考虑我们的活动对环境及香港社会的

影响。本集团亦将企业社会责任纳入其业务策

略及管理方针。

本集团欣然于下文呈列截至二零二五年三月三

十一日止年度（「回顾年度」）的环境、社会及管

治（「环境、社会及管治」）报告，以阐述及强调

我们为实现可持续发展而在环境及社会方面作

出的努力及表现。

本环境、社会及管治报告乃根据香港联合交易

所有限公司主板证券上市规则（「上市规则」）附

录C2所载的环境、社会及管治报告指引（「环

境、社会及管治报告指引」）而编制，旨在让有

关人士及持份者了解我们有关环境、社会及管

治事宜的政策、措施及表现。为确保全面的环

境、社会及管治报告，我们会持续关注不同

的环境、社会及管治事宜，并评估其与我们环

境、社会及管治报告的相关性。

报告原则及界限

本报告主要涵盖本集团于香港的主要业务营

运，即提供地基工程服务。本报告所载资料来

源自本集团的官方文件、统计数字及经营资

料。我们遵守环境、社会及管治指引的报告原

则，即下文所述的「重要性」、「量化」、「平衡」

及「一致性」原则。

INTRODUCTION

Dragon Rise Group Holdings Limited and its operating subsidiary,

namely Kit Ke Enginering Limited (“KE” or the “Company”)

(colectively, caled “DRG” or “the Group”) are a long-established

subcontractor of foundation works services in Hong Kong. Our

services are mainly required in the construction of comercial

and residential buildings. We principaly provides excavation

and lateral suport works, pile cap construction works, and the

disposal of excavated materials from piling and ancilary services,

including dismantling of shoring, site formation, stel fixing and site

clearance, in Hong Kong.

The board of Directors (the “Board”) is fuly comited to

formulating and implementing ESG strategies. Its ESG performance

is supervised by the Board members. Relevant risks and

oportunities have ben embeded into the Group’s strategic

goals, which are also closely aligned with the overal mision and

vision on sustainability. While developing the Group’s goals, we

firmly adhered to principles of god corporate governance and had

carefuly considered our activities’ influences on the environment

and the Hong Kong society. Corporate social responsibilities were

also integrated into the Group’s busines strategy and management

aproach.

The Group is delighted to present the Environmental, Social and

Governance (“ESG”) Report for the year ended 31 March 2025

(“Review Year”) in the folowing to ilustrate and highlight our

eforts and performance in achieving sustainable development in

both the environment and social aspects.

This ESG Report has ben prepared in acordance with the

Environmental, Social and Governance Reporting Guide as set out

in Apendix C2 to the Rules Governing the Listing of Securities on

Main Board of the Stock Exchange of Hong Kong Limited (“the

Listing Rules”) (“ESG Reporting Guide”), with the aim to inform

relevant parties and stakeholders of our policies, measures and

performance regarding environmental, social and governance isues.

To ensure a comprehensive ESG reporting, we would continuously

take note of diferent ESG isues and ases their relevance to our

ESG reporting.

REPORTING PRINCIPLES AND BOUNDARY

This Report mainly covers the major operation of the Group in Hong

Kong which is provision of foundation works service. Information

in this Report was sourced from the oficial documents, statistical

data and operational information of the Group. We adhered to

the reporting principles of the ESG Guide, namely “Materiality”,

“Quantitative”, “Balance” and “Consistency” principles that are

described below.

2024/25 年报 • 龙升集团控股有限公司47

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

重要性：本集团已通过每年重要性评估识别关

键环境、社会及管治问题。本报告涵盖与持份

者及本集团相关的重要议题。

量化：本报告中的关键绩效指标(KPI)解释其目

的并适用于比较。

平衡：于本报告中不偏不倚地提供本集团的表

现。

一致性：随著时间推移采用一致的方法，以允

许对环境、社会及管治数据进行有意义的比

较。

董事会声明

本集团的内部策略、政策及议程旨在为持份者

创造可持续价值及降低本集团营运对环境的不

可避免影响。董事会对确保本集团环境、社会

及管治方面的管理成效负有最终责任。

本集团实行董事会制的企业管治架构，并将有

关权力及权限授权予本集团管理层。本集团管

理层已将环境、社会及管治议题纳入本集团

的整体方向及策略，由营运部门主要人员（「环

境、社会及管治工作组」）协助制定环境、社会

及管治策略、维持风险管理及监管更新。环

境、社会及管治工作组负责识别业务相关的环

境、社会及管治问题，确定本集团的环境、社

会及管治目标及指标，监控环境、社会及管治

表现并向管理层报告。本集团风险管治架构及

风险管理流程涵盖所有业务实体及部门。

董事会、管理层及环境、社会及管治工作组按

季组织及举行环境、社会及管治管理会议，以

检讨及落实环境、社会及管治工作、订立政策

及策略的内容以及目标及指标，确保实行适当

政策及有效环境、社会及管治管理。

持份者沟通

与持份者的沟通对本集团至关重要，我们致力

持续寻求促进沟通的机会。我们透过日常沟

通、本集团官方网站、电邮及其他渠道全面了

解不同持份者的需要及诉求。本集团就持份者

的诉求及关切制定沟通机制，积极建立互信关

系。对本集团业务造成重大影响或受本集团业

务重大影响的人士及群体，构成我们的关键持

份者群体。

Materiality: The Group has identified key ESG isues through its

anual materiality asesment topics that are relevant and important

to the stakeholder and the Group are covered in this Report.

Quantitative: Key performance indicators (KPIs) in this Report

explained its purpose and are aplicable for comparisons.

Balance: An unbiased picture of the Group’s performance is

provided in this Report.

Consistency: Consistent methodologies are adopted over time to

alow meaningful comparisons of ESG data.

BOARD STATEMENT

The Group’s internal strategies, policies and procedures are designed

with the objective of creating sustainable values for its stakeholders

and minimising the Group’s unavoidable environmental impacts

generated from operation. The Board has ultimate responsibility for

ensuring the efectivenes of the Group’s ESG management.

The governance structure is led by the Board while power and

authority are delegated to the management of the Group. The

management of the Group has embeded ESG isues in the Group’s

overal direction and strategies, and is responsible for establishing

an ESG strategy, managing risk management, and keping

updated on regulatory updates with asistance from key members

of the operational department (the “ESG workgroup”). The ESG

workgroup is responsible for identifying busines related ESG isues,

determining the Group’s ESG goals and target, monitoring ESG

performance and reporting to the management. Al busines entities

and departments are covered by the risk governance structure and

risk management proces of the Group.

The Board, the management and the ESG workgroup organise

and hold an ESG management meting quarterly to review the

implementation of ESG work, the content of policy and strategies

established, and the goals and targets set so as to ensure that

apropriate policy and efective ESG risk management are in place.

STAKEHOLDER COMUNICATION

Comunication with stakeholders is extremely crucial to our group,

we insist on continualy seking oportunities to do so. We work

to thoroughly understand the neds and expectations of various

stakeholders through daily comunication, the Group’s oficial

website, e-mail, and other chanels and respond to them. The

Group has established a comunication mechanism for stakeholder

expectations and concerns and proactively builds a relationship of

mutual trust. The people and groups that significantly influence the

Group’s activities or are significantly afected by its operations serve

as our key stakeholder group.

48DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

重要性评估

本集团每年进行重要性评估以识别重要的环

境、社会及管治因素。董事会及环境、社会及

管治工作组已参与评估，成为关键持份者之

一，就重要环境、社会及管治因素的选择提供

意见。

在进行重要性评估时，我们首先确定潜在环

境、社会及管治报告事宜，然后对有关事宜展

开分析，以厘定在本集团策略、市场开发及

持份者关切等方面对本集团持份者及业务重要

性。其后，我们编制确定环境、社会及管治事

宜的清单，并就此展开讨论及进行排序。最

后，管理层会对有关清单进行评估及审批。

I. 环境

I.1 环境政策

本集团遵守其行业相关环境法律、

法规、行为准则及其他规定。在

技术及经济上可行的情况下，本集

团实施不同措施避免、减少或控制

污染，以在技术上及以经济上可行

的方式减少温室气体排放及废气排

放，保障我们的工人及持份者的健

康。

：确保在「建造

工程尘埃」及「露天焚烧」等方

面严格遵守《空气污染管制条

例》（香港法例第311章）。

本集团制定程序减轻及控制尘

埃或空气污染物的排放。有关

程序涵盖与储存、处理及运输

建筑材料、使用工具与车辆及

使用环保燃料有关的方面。

：确保在处理「一般

废物」、「建筑废物」及「化学废

物」时严格遵守《废物处置（化

学废物）（一般）规例》（香港法例

第354C章）。

本集团制定程序处理及处置废

物、确立及维持废物储存条件

并为处理不同类型废物的人员

调配防护装备。

MATERIALITY ASESMENT

The Group conducts materiality asesment anualy to identify the

material ESG factors. The Board and the ESG workgroup have taken

part in the asesment to be one of the key stakeholders to provide

opinions on the selection of material ESG factors.

In the materiality asesment, we first identify potential ESG

reporting isues. The isues are then being analysed to determine

the importance to the Group’s stakeholders and busines in

aspects such as the Group’s strategies, market development and

stakeholders’ concerns. Folowing this, the identified ESG isues

are listed, discused and given priority. Finaly, it is evaluated and

aproved by the management.

I. ENVIRONMENTAL

I.1 Environmental Policies

The Group complies with its industry relevant

environmental laws, regulations, codes of practice, and

other requirements. The Group implements diferent

measures to avoid, reduce or control polution where

technicaly and economicaly feasible in order to reduce

grenhouse gas emisions and air emisions to safeguard

the health of both our workers and our stakeholders.

: ensure strict compliance

with the Air Polution Control Ordinance (Chapter

311 of the Laws of Hong Kong) in areas including

“construction dust” and “open burning”.

Procedures are set up to mitigate and control

dust or air polutants emision. The procedures

cover areas relevant to storing, handling and

transporting construction materials, using tols

and vehicles, and using eco-friendly fuel.

: ensure strict compliance with

the Waste Disposal (Chemical Waste) (General)

Regulation (Chapter 354C of the Laws of Hong

Kong) in the handling of “general waste”,

“construction waste” and “chemical waste”.

Procedures are set up for handling and disposing

wastes, seting up and maintaining waste storage

conditions, and regulating protective gear for

personel handling diferent types of wastes.

2024/25 年报 • 龙升集团控股有限公司49

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

：确保在「建筑

时间规定」及「建筑噪音缓解及

控制」方面严格遵守《噪音管制

条例》（香港法例第400章）。

本集团制定程序规管进行撞击

式打桩工程的许可时间及特定

设备类型。本集团采取措施减

轻噪音污染的影响，如选择噪

音较小的工具、将嘈杂的工程

安排在远离住宅区、学校及医

院的地方以及在预期会产生大

量噪音的设备周围安装隔音屏

障。

：确保就因混凝土

工程、车辆清洁、其他建筑程

序以及工地食堂及衞生间设

施产生的污水严格遵守《水污

染管制条例》（香港法例第358

章）。

本集团制定程序规定将废水排

放至指定的废水排放点。管工

根据指示采取措施防止废水渗

漏至非指定排放点，以控制废

水对邻近社区的影响。

我们确保所有建筑工程的执行均遵

守相关法律法规，即《空气污染管制

条例》（香港法例第311章）、《噪音管

制条例》（香港法例第400章）、《水

污染管制条例》（香港法例第358章）

及《废物处置条例》（香港法例第354

章）。

于回顾年度，本集团概不知悉任何

重大违反有关温室气体排放及废气

排放以及产生有害与无害废物的法

律法规而对本集团产生重大影响的

情况。

: ensure strict compliance

with the Noise Control Ordinance (Chapter 400 of

the Laws of Hong Kong) in terms of “construction

time regulation” and “construction noise

mitigation and control”.

Procedures are set up to regulate the alowable

time and the specific types of equipment for

conducting percusive piling works. Measures

to mitigate the impact of noise polution such

as chosing tols that would emit les noise,

scheduling noisy works to be further away from

residential areas, schols and hospitals, and

instaling noise shields around equipment that is

expected to emit a lot of noise.

: ensure strict

compliance with the Water Polution Control

Ordinance (Chapter 358 of the Laws of Hong

Kong) concerning sewage that would result

from concrete works, vehicle cleaning, other

construction procedures, and site canten and

toilet facilities.

Procedures are set up to regulate the discharge

of waste water into designated waste water

discharge points. Measures to prevent leakage of

waste water into non-designated discharge point

are instructed to foremen to control the impact of

waste water to the neighbouring comunities.

We ensure that the execution of al construction works

complies with the relevant laws and regulations, namely,

the Air Polution Control Ordinance (Chapter 311 of

the Laws of Hong Kong), the Noise Control Ordinance

(Chapter 400 of the Laws of Hong Kong), the Water

Polution Control Ordinance (Chapter 358 of the Laws of

Hong Kong) and the Waste Disposal Ordinance (Chapter

354 of the Laws of Hong Kong).

During the Review Year, the Group was not aware of

any material non-compliance with laws and regulations

relating to grenhouse gas emisions and air emisions

and generation of hazardous and non-hazardous waste

that would have a significant impact on the Group.

347,897
33,743

50DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I.2 排放物

消耗矿物燃料的厂房、机器及车辆

是我们营运中温室气体排放的主要

来源。

下文列示本集团于回顾年度的温室

气体（「温室气体」）排放物：

使用车辆的温室气体排放物

于二零二年，本集团已设定目

标，以二零二年为基准年，计划

在二零二七年前内减少10%的温室

气体排放。为管理机器所排放的废

气及遵守《空气污染管制（非道路移

动机械）（排放）规例》（香港法例第

311Z章），我们在建筑工地使用的

所有机器均符合规定的排放标准。

此外，我们的所有厂房、机器及汽

车均使用含硫量不超过0.005%的柴

油。

I.3 资源使用

于二零二年，本集团已设定目

标，以二零二年为基准年，计划

在二零二七年前减少10%的耗能

量。本集团致力通过遵循以下原则

尽量减少其业务活动对环境的影

响：

• 遵守本集团所订立建筑合约内

与环境方面有关的所有法律规

定及合约责任。

、注册及

许可证并续期。

• 在夜间或离开办公室时关闭空

调系统。

I.2 Emisions

Plants, machineries and vehicles consuming fosil fuels is

the major source of grenhouse gas emisions from our

operations.

The folowing presents the Group’s Grenhouse Gas

(“GHG”) emisions for the Review Year:

GHG emisions from use of vehicles

Aspects 1.1Unit20252024

层面1.1单位二零二五年二零二四年

Nitrogen Oxidesgram355,178

氮氧化物克

Respiratory Suspended Particlesgram29,296

可吸入悬浮颗粒克

In 2022, the Group set target to reduce 10% of GHG

emisions by 2027, using 2022 as the baseline year.

To manage the exhausts from our machineries and to

comply with the Air Polution Control (Non-road Mobile

Machinery) (Emision) Regulation (Chapter 311Z of the

Laws of Hong Kong), al our machineries to be used at

construction sites comply with the prescribed emision

standards. Further, al our plants, machineries and motor

vehicles use diesels with sulphur content not exceding

0.005%.

I.3 Use of Resources

In 2022, the Group set target to reduce 10% of energy

consumption by 2027, using 2022 as the baseline year.

The Group is comited to minimising the impact of its

busines activities to the environment by folowing the

below principles:

• comply with al the legal requirements

and contractual obligations relevant to the

environmental aspects in the construction

contracts in which the Group engaged.

• reduce and avoid creating wastes.

• obtain and renew the mandatory environmental

licenses, registrations and permits.

• turn of the air-conditioning system at night or

when leaving the ofice.

11,016
11,016

2024/25 年报 • 龙升集团控股有限公司51

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

• 夏季将办公室温度保持在

25ºC。

• 在办公室使用LED灯或节能照

明设备。

本集团于回顾年度的直接能源消耗

呈列如下：

直接能源消耗总量及密度

由于我们的业务性质，除消耗饮用

水外，我们的业务并不需要使用

水或原材料或其他自然资源。我们

的业务亦不涉及包装材料。因此，

本集团并无著重制定该等范畴的政

策。

I.4 废物管理

由于我们建筑工程的性质，我们的

主要无害废物为主要由土壤组成的

拆建（「拆建」）物料。为控制拆建物

料运往堆填区期间产生的产空气污

染，我们确保我们的分包商所使用

的泥头车均安装使用状况良好的机

械盖系统，以覆盖装有拆建物料的

泥头车厢，此外，所有驶离建筑

工地的泥头车均须清理机械顶部的

尘土或杂物，以免妨碍其运作或污

染邻近建筑工地的区域。

尽管我们知悉拆建物料会对环境带

来潜在污染，本集团无法控制项目

中将要处置的拆建物料数量。建筑

合约中的施工方案规定所需处置数

量，并由主要承包商或发包人对合

约进行方案设计。

• kep the ofice temperature at 25ºC in sumer.

• use LED lights or energy-saving lighting at our

ofice.

The folowing presents the Group’s direct energy

consumption for the Review Year:

Direct Energy Consumption in total and intensity

Aspects 2.1Unit20252024

层面2.1单位二零二五年二零二四年

Electricity UsagekWh11,021

用电量千瓦时

Electricity Usage IntensitykWh/ofice11,021

用电密度千瓦时╱办公室

Owing to the nature of our operations, other than

the consumption of drinking water, our operations do

not require the use of water or raw materials or other

natural resources. There is also an absence of packing

materials involved in our operations. As such, the Group

has not placed emphasis on the development of policies

in these areas.

I.4 Waste Management

Due to the nature of our construction works, our major

non-hazardous waste is construction and demolition

(“C&D”) materials composed principaly of soil. To

control air polution during transportation of C&D

materials to landfils, we ensure the dump trucks used

by our subcontractors are instaled with a mechanical

cover system which is in god service condition to cover

the dump bed containing the C&D materials. Further,

al dump trucks exiting construction sites are required

to have the dust or debris on top of the mechanical to

be cleaned so as not to obstruct its operation or polute

areas close to the vicinity of construction sites.

Although we are wel aware of potential polutions

C&D materials can bring to the environment, the Group

is unable to control the quantity of C&D materials

to be disposed in a project. The required disposal

quantity is stipulated in the construction program in the

construction contract, and the program is designed by

the main contractor or the employer to the contract.

3,262,768
125,491

52DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

就有害废物而言，本集团的业务并

无产生任何有害废物，故认为有关

此方面的环境、社会及管治与本集

团无关。于回顾年度，本集团拥有

26个须处置土壤的项目，而截至二

零二四年三月三十一日止年度则为

20个。相关比较呈列如下：

无害废物总量及密度

作为我们业务的一部分，须予处置

的土壤会按照适用法例规定于指

定地点处置。将予处置的土壤数量

由我们的客户决定，如若不然则与

本公司承接的项目数量成比例。因

此，本公司并无可能适用于处置土

壤的减排政策。

本公司的业务过程中所处置的主要

废物类型为土壤。本公司毋须处置

有害废物。

I.5 气候变化

本集团明白识别及减低重大气候相

关问题的重要性；因此，本集团致

力管理可能会影响本集团的业务活

动的潜在气候相关风险。本集团在

识别及减低不同风险（包括气候相关

风险）方面制订了风险管理政策。董

事会定期举行会议，并与主要管理

层紧密合作，以识别及评估气候相

关风险，并制定策略去管理所识别

的风险。

Regarding hazardous waste, the Group does not

produce any from its operations and thus consider

ESG reporting in this aspect irelevant to the Group.

During the Review Year, the Group had 26 projects that

disposed of soil as compared to 20 for the year ended

31 March 2024. The folowing presents the relevant

comparison:

Non-hazardous waste in total and intensity

Aspects 1.4Unit20252024

层面1.4单位二零二五年二零二四年

Construction disposal: Soiltones2,694,926

建筑处置物：土壤吨

Construction disposal intensitytones/per construction

projects134,746

建筑处置物密度吨╱每个建筑项目

The soil that is required to be disposed as a part of our

operations are disposed of in designated locations as

prescribed under aplicable laws. The quantity of soil

to be disposed of is determined by our customers and

is otherwise proportionate to the number of projects

undertaken by the Company. As such, the Company

does not have a reduction policy that may aply to the

disposal of soil.

The main type of waste disposed of in the course of the

Company’s operations is that of soil. The Company is

not required to dispose of hazardous waste.

I.5 Climate Change

The Group recognises the importance of the

identification and mitigation of significant climate-

related maters; therefore, the Group is comited

to managing the potential climate-related risks which

may impact the Group’s busines activities. The Group

has established risk management policy in identifying

and mitigating diferent risks including climate-related

risks. The Board mets regularly and coperates closely

with key management to identify and evaluate climate-

related risks and to formulate strategies to manage the

identified risks.

2024/25 年报 • 龙升集团控股有限公司53

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

透过上述方法，本集团识别出从以

下风险产生并对本集团的业务造成

的重大影响：

气候相关问题

实体风险

极端天气事件，例如台风、风暴及

大雨的频率和严重程度增加，可能

会破坏电网和通信基础设施，干扰

本集团的营运，以及伤害我们在工

作期间的员工，导致我们产能下降

及生产力减低，或令本集团面临与

不履约及延迟履约有关的风险。为

尽量减低潜在风险及危险，本集团

于恶劣或极端天气情况下设有弹性

工作安排及预防措施。

过渡风险

本集团预计将有更严格的气候法例

法规来支持全球碳中和愿景。从上

市公司的角度来看，我们认为气候

相关讯息披露的要求正不断提高。

例如，环境、社会和管治报告指引

更新了有关发行人的重大气候相关

影响的披露。更严格的环境法例法

规可能会使企业面临更高的索赔和

诉讼风险。企业声誉也可能因未能

达到气候变化的合规要求而下降。

公司相关的资本投资和合规成本亦

会因此增加。为应对政策及法律风

险以及声誉风险，本集团定期监

测与气候变化有关的现有及新兴趋

势、政策及法规，并准备在必要时

提醒高级管理层，以避免成本增

加、违规罚款及╱或因反应迟缓而

导致的声誉风险。

Through the above method, the Group identified the

material impacts on the Group’s busines arising from

the folowing risks:

Climate-related maters

Physical Risks

The increased frequency and severity of extreme

weather such as typhons, storms and heavy rains can

disrupt the Group’s operations by damaging the power

grid and comunication infrastructures, and injuring

its employes during their work, leading to reduced

capacity and decreased in productivity, or expose

the Group to risks asociated with non-performance

and delayed performance. To minimise the potential

risks and hazards, the Group has flexible working

arangements and precautionary measures during bad

or extreme weather conditions.

Transition Risks

The Group anticipates that there wil be more

stringent climate legislations and regulations to

suport the global vision of carbon neutrality. From

a listed company’s perspective, we acknowledge the

increasing requirements of climate-related information

disclosures. One example is the update of the ESG

Reporting Guide with respect to significant climate-

related impact disclosures of an isuer. Stricter

environmental laws and regulations may expose

enterprises to higher risks of claims and lawsuits.

Corporate reputation may also decline due to failure to

met the compliance requirements for climate change.

The related capital investment and compliance costs

thus increase. In response to the policy and legal risks

as wel as reputation risks, the Group regularly monitors

existing and emerging trends, policies and regulations

relevant to climate and be prepared to alert the top

management where necesary to avoid cost increments,

non-compliance fines and/or reputational risks due to

delayed response.

54DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I. 社会

I.1 雇佣及劳工常规

雇员是我们最宝贵的资产。我们的

首要任务是确保充分维护全体雇

员、分包商工人及我们建筑工地周

边社区的职业健康与安全。我们全

面的安全管理体系为监督及评估安

全政策及措施的落实提供了框架。

我们将根据不时自劳工处接获的指

引，进一步努力持续完善我们的工

作场所安全政策。

我们亦力求提高雇员的福祉及促进

其发展。作为提供平等机会的雇

主，本集团已制定政策，确保于（其

中包括）招聘、晋升、评估、纪律、

薪酬及福利、补偿与解雇、工时与

休假相关事宜方面平等对待所有雇

员，以及强调严格禁止雇用童工及

强迫劳动。雇员的年龄、性别、家

庭状况、性取向、身体残疾、种族

及宗教不会影响其于本集团的职

业。于回顾年度，我们并无收到任

何持份者对于歧视问题的投诉。毋

庸置疑，我们已确保本集团并无雇

用童工，亦无强迫劳动。

除提供具竞争力的薪酬及福利外，

我们亦通过员工发展及培训计划不

断支持及培养雇员。

本集团已为其雇员制定员工手册，

以了解有关本集团人力资源政策、

规则及就业相关职业道德的重要资

料。员工手册在帮助确立管理层及

雇员的预期以及在保障彼等免受不

公正及╱或不一致的待遇及歧视方

面发挥重要作用。

于回顾年度，并无发生有关《雇佣条

例》（第57章）合规方面的劳资纠纷或

诉讼。除上文所披露者外，本集团

遵守所有关雇佣及劳工、童工及

强迫劳动的相关法例。

I. SOCIAL

I.1 Employment and Labor Practices

Employes are our most invaluable asets. It is our

priority to ensure that the ocupational health and

safety of al employes, subcontractor workers and

the surounding comunities to our construction

sites is adequately maintained. Our comprehensive

Safety Management System provides a framework

for monitoring and evaluating the implementation of

our safety policies and measures. We further strive to

continuously improve our workplace safety policies

in acordance with guidance received from the Labor

Department from time to time.

It is also our aim to enhance the wel-being and

development of our employes. As an equal oportunity

employer, the Group has put in place policies to

ensure that it treats al employes on an equal foting

in maters related to, among others, recruitment,

promotion, apraisals, discipline, remuneration and

benefits, compensation and dismisal, working hours

and rest periods, and to emphasise strict prohibiting of

engaging child labour and forced labour. An employe’s

age, gender, family status, sexual orientation, physical

disability, ethnicity and religion would not afect his

carer with us. During the Review Year, we received no

complaints regarding discrimination isues from any of

our stakeholders. Nedles to say, we ensured that no

child nor forced labor was employed by the Group.

Apart from providing competitive remuneration and

benefits, we continue to suport and nurture our

employes through staf development and training

programes.

The Group has devised a staf handbok for its

employes to understand important information relating

to the Group’s human resources policies, rules, and

work ethics surounding employment. It is an esential

tol in helping to define the expectations of both the

management and the employes, and also to protect

them from unfair and/ or inconsistent treatment and

discrimination.

During the Review Year, there was no incidence of

labor dispute or litigation regarding compliance to the

Employment Ordinance (Chapter 57). Save as disclosed

above, the Group complied with al relevant laws with

respect to employment and labor, and child and forced

labor.

2024/25 年报 • 龙升集团控股有限公司55

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

员工团队

于二零二五年三月三十一日，本集

团聘用了322名全职雇员。彼等全部

来自香港。在员工总数当中，277名

雇员为男性，45名为女性。大部分

员工的年龄介乎41至70岁，占237

名员工；55名员工的年龄在40岁以

下。由于我们的业务性质主要为劳

动密集型，因此大部分员工均为男

性。本集团计划于二零二七年前聘

用最少45名女性雇员。

于回顾年度，本集团的整体全职雇

员流失率约为31%。男性及女性雇

员的流失率分别约为31%及30%。

雇员流失主要集中于41至70岁的

年龄层，占辞任员工数目77%。

40岁以下年龄层的雇员流失率约为

20%。

I.2 健康与安全

本集团管理层负责雇员的整体健康

与安全。本集团的职业健康与安全

管理体系已通过OHSAS 18001:2007

认证，且我们的政策遵循此标准。

我们重视职业健康及工作安全，并

向员工提供安全培训，内容涵盖我

们的安全措施及事故报告程序等主

题。鉴于建筑工地的工作性质，意

外事故或工伤为固有风险。因此，

我们已制定安全管理体系，以管理

我们的工地工人及分包商。

工伤将根据我们的内部指引予以报

告，有关指引乃参考劳工处的工

伤报告要求制定。根据我们的安全

管理体系，我们确保雇员在使用、

处理、储存及运输物品及物质方面

的安全及健康；提供所有必要的资

料、指引、培训及监督，以确保安

全及健康；提供及维持进出工作场

所的安全途径；提供及维持安全与

健康的工作环境。

于回顾年度，已发生17宗工伤事

故，造成损失5,162个工作日（二零

二四年三月三十一日：已发生15宗

工伤事故，造成损失4,347个工作

日）。于回顾年度发生一宗因工死亡

事故（截至二零二四年三月三十一日

及二零二三年三月三十一日止年度

并无死亡事故）。事故发生后，本集

团进行调查，并实施安全改善计划

以减低潜在风险。

Workforce

The Group had employed 322 ful-time employes as

at 31 March 2025, al of whom are from Hong Kong.

Out of the total number of staf, 277 of our employes

were male and 45 of them were female. Majority of the

workforce were within the 41–70 age group, acounting

for 237 of our staf, while 55 employes were under

40 years old. Since our busines nature is mostly labour

intensive, majority of our staf are male. The Group

plans to employ at least 45 female employes by 2027.

During the Review Year, the Group’s overal ful-time

employe turnover rate was aproximately 31%. The

employe turnover rate for male and female were

aproximately 31% and 30% respectively. Majority

turnover was within the 41-70 age group, acounting

for 77% of our resigned staf. The employe turnover

rate for under 40 age group was aproximately 20%.

I.2 Health and Safety

The management of the Group is responsible for the

overal health and safety of employes. The Group has

ben acredited with, and our policies folow, OHSAS

18001:2007 for our ocupational health and safety

management system.

We place emphasis on ocupational health and work

safety and provide safety training to our staf covering

topics such as our safety measures and procedures

for reporting acidents. Due to the nature of works

in construction sites, risks of acidents or injuries to

workers are inherent. As such, we devised a safety

management system to govern our site workers and

subcontractors.

Work injuries wil be reported acording to our internal

guidelines which was set up with reference to the work

injury reporting requirement by the Labor Department.

Based on our safety management system, we ensured

safety and health of our employes in conection with

the use, handling, storage and transport of articles

and substances; providing al necesary information,

instructions, training and supervision for ensuring safety

and health; providing and maintaining safe aces to

and egres from the workplaces; and providing and

maintaining a safe and healthy working environment.

During the Review Year, 17 incidents of work injuries

arose, which led to 5,162 lost labor days (31 March

2024: 15 incidents of work injuries ocured, which

led to 4,347 lost labor days). There was 1 work-related

fatality case ocured during the Review Year (None

for the year ended 31 March 2024 and 31 March

2023). Subsequent to the acident hapened, the

Group performed investigation and implemented safety

improvement plan to mitigate the potential risks.

56DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

我们的安全主任及董事会负责监督

本集团的健康与安全管理体系，以

确保我们遵守相关法定要求。每月

与管工举行安全委员会议，以检

讨与我们的营运有关的健康与安全

问题。根据安全主任的指示，我们

的管工负责监察安全管理体系的现

场实施情况。

除上述披露者外，本公司已遵守所

有与提供安全工作环境及保护雇员

免受职业危疾有关的相关法例。

I.3 培训及发展

雇员的知识及技能水平对本集团的

成功至关重要，因此，我们提供充

足的培训及发展计划，使其能够胜

任工作。

我们的培训计划涵盖专业及技术培

训以至个人发展技能，且雇员须参

加入职培训，以确保彼等彻底了解

本集团的安全及健康政策。此外，

本集团为雇员提供充分的工作及安

全培训，以使彼等具备所需的安全

知识及工作技能，可应对在不同工

作场所遇到的情况及挑战。

于回顾年度，按性别及雇员类别划

分的受训雇员百分比及每名雇员平

均受训时数明细如下：

Our safety oficer and board of directors are responsible

for overseing our Group’s health and safety

management system to ensure our compliance with the

relevant statutory requirements. A safety comite

meting is held on a monthly basis with our foremen

for reviewing the health and safety isues related to our

operations. Under the direction of our safety oficer,

our foremen are responsible for monitoring on-site

implementation of our safety management system.

Save as disclosed above, the Company complied with

al relevant laws with respect to the provision of a safe

working environment and protecting employes from

ocupational hazards.

I.3 Training and Development

The knowledge and skil levels of our employes are vital

to the Group’s suces, and hence we provide suficient

training and development programes to alow them to

excel at their work.

Our training programes range from profesional and

technical training to personal development skils and our

employes are required to atend an induction training

to ensure they thoroughly understod the Group’s

safety and health policies. In adition, the Group

provides adequate job and safety training to employes

to equip them with the required safety knowledge and

work skils to tackle situations and chalenges to be

encountered at diverse work sites.

During the Review Year, the percentage breakdown of

employes trained and the average training hours per

employe, by gender and employe category are as

folows:

Percentage of

employes trained

Average training

hours per

employe

受训雇员百分比

每名雇员

平均受训时数

(%)(hours)

(%)（小时）

By Gender按性别划分

• Female• 女性10017.6

• Male• 男性10012.7

By Employe Category按雇员类别划分

• Senior Management• 高级管理层10024.0

• Midle Management• 中级管理层10024.0

2024/25 年报 • 龙升集团控股有限公司57

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I. 营运惯例

I.1 供应链管理

如上文所述，用于监管我们日常营

运的质量控制及改进的质量管理体

系符合ISO 9001:2015的要求。我们

的内部政策及采购流程乃按该标准

监管。除背景、声誉、成本及能力

外，重要的考虑因素亦包括供应商

是否拥有适用的 ISO环境及社会管

理证书。我们设有由董事会制定的

认可供应商名单。只有符合我们严

格质量标准的供应商方能加入采购

名单。

根据我们的政策，我们的采购部仅

会向该等认可供应商中采购物资，

以确保采购质量。于回顾年度，本

集团聘用了47（二零二四年三月三

十一日：43）个供应商及分包商。

该等供应商及分包商均位于香港。

此外，参考我们建筑项目的质量要

求，我们的项目人员或董事亦会拜

访供应商，以传达我们的要求，同

时视察供应商的仓库，对货物质量

进行抽样检查。于项目工地接收货

物时，管工负责检查已交付的货

物，确保在结算付款前该等货物能

够符合我们的质量要求。

对于分包商的质量管理，与采购类

似，我们设有一份认可分包商名

单。我们的项目经理定期检查分包

商交付的工程质量及进展。我们向

分包商明确说明，在处理建筑工地

的安全及雇佣事项时必须遵守劳动

法律法规。

于回顾年度，本集团并未发现任何

与安全及劳动法律法规有关的不合

规情况。

I. OPERATING PRACTICES

I.1 Suply Chain Management

As mentioned, our quality management system which

governs our daily operation for quality control and

improvement mets the requirements of ISO 9001:2015.

Our internal policies and thus the procurement proces

are governed by this standard. Apart from background,

reputation, cost and ability, important consideration

also include if the suplier has aplicable ISO certificate

for environment and social management certificate. We

maintain an aproved supliers list set up by the Board

of Directors. Only supliers meting our stringent quality

standards can be aded to the list for our purchases.

Under our policies, our Purchasing Department wil

only purchase suplies from these aproved supliers

to ensure quality of our purchases. During the Review

Year, the Group had engaged 47 (31 March 2024: 43)

supliers and subcontractors while al of them were

located in Hong Kong. Further, with reference to the

quality requirement of our construction projects, our

project staf or the directors would also pay visits to

supliers to comunicate our requirements, while at

the same time inspect the supliers’ warehouse to

conduct a sample check on the quality of the gods.

Upon reception of gods at project sites, the foremen

are responsible for the inspection of the delivered gods

to ensure they can met our quality requirements before

setling payment.

For subcontractors’ quality management, similar to

that of purchasing, we maintain a list of aproved

subcontractors. Regular inspection on the quality of

works and progres as delivered by our subcontractors

would be performed by our project managers. We have

made it clear to our subcontractors that compliance

with the labor laws and regulations is mandatory when

handling safety and employment maters at construction

sites.

During the Review Year, the Group did not identify any

non-compliances in relation to safety and labor laws and

regulations.

58DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I.2 产品责任

实现和保持项目的高质量标准是本

集团可持续发展的重中之重。本集

团致力与主要客户维持良好关系，

以建立良好声誉及争取未来商机。

我们认识到保护知识产权的责任，

因此通过不侵犯他人知识产权并从

授权供应商购买正版软件，以保障

知识产权。

在资料私隐方面，本集团根据相关

法律法规（如个人资料（私隐）条例）管

理客户、雇员、业务伙伴提供的所

有资料，确保资料得到妥善保护。

于回顾年度，本集团未发现任何严

重违反与产品健康与安全、广告、

标签和与所提供的产品和服务有关

的隐私问题以及补救方法的香港法

律法规，包括但不限于《商品说明

条例》和《个人资料（隐私）条例》而对

本集团产生重大影响的情况。于报

告期间未有收到投诉。鉴于本集团

的业务性质，本集团不涉及产品销

售，因此产品召回程序和召回产品

数量的披露资料并不适用。

I.2 Product Responsibility

Achieving and maintaining high quality standard for

projects are the most important for the sustainable

growth of the Group. The Group strives to maintain

god relationship with our major customers to

establish god reputation and to gain future busines

oportunity.

Acknowledging our responsibility in protecting

intelectual property rights, we protect intelectual

property rights by not infringing other’s intelectual

property rights and purchasing licensed software from

authorised supliers.

In relation to data privacy, the Group manages al

information provided by clients, employes, busines

partners in acordance with the related laws and

regulations such as Personal Data (Privacy) Ordinance to

ensure that information is under proper protection.

During the Review Year, the Group was not aware

of any material non-compliance with any laws and

regulations in Hong Kong related to product health

and safety, advertising, labeling and privacy maters in

respect of products and services provided and methods

of redres including but not limited to, the Trade

Descriptions Ordinance and Personal Data (Privacy)

Ordinance, that would have a significant impact to the

Group. There was no complaint received during the

Reporting Period. Given the Group’s busines nature,

the Group was not involved in the sale of products,

therefore disclosure on product recal procedures and

number of products recaled are not aplicable.

2024/25 年报 • 龙升集团控股有限公司59

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I.3 反贪污

过去数年，我们已见证本集团内并

无发生任何涉嫌贿赂或实际贿赂、

勒索、欺诈或洗钱活动。我们坚决

支持内部手册（遵守适用法律）中所

述的反贪污政策及采购惯例。于任

何采购工作、合约洽谈或其他业务

交往过程中，严禁收受回扣、佣金

或任何形式的福利。

于回顾年度，本集团并不知悉任何

重大违反与贿赂、勒索、欺诈及洗

钱有关的香港法例法规（包括但不限

于《防止贿赂条例》）且会对本集团产

生重大影响的情况。

I.4 利益冲突管理

为防止雇员及董事出于个人利益不

采取相应措施，本集团已制定「利益

声明书」，当中向雇员及董事提供指

引及程序，助其在涉及彼等职责的

所有交易中运用最大真诚及诚信，

且在任何情况下不得利用职位或知

识谋取个人私利。雇员及董事必须

确保彼等的个人利益与其对本集团

负有的职责、义务及责任之间概不

存在利益冲突。如认为存在利益冲

突，该等与关联方拥有或一直拥有

个人关系的人士须尽早提供书面声

明。

I.5 举报机制

本集团致力于尽可能达到最高水准

的开放、廉洁及问责，期望并鼓励

任何注意到本集团内部涉嫌不当行

为或不良行为的雇员及董事挺身而

出，揭发相关行为。因此，本集团

对所有级别及业务均采取「举报政

策」。投诉人可得到确切保障，即使

最后证实举报属不实时，亦不会遭

到不公平解雇、危害或不当纪律处

分。审核委员会负责监督及审阅「举

报政策」的有效性及根据调查结果提

出进一步改进建议。

I.3 Anti-coruption

Over the years, we have witnesed no incidences

of suspected or actual bribery, extortion, fraud and

money laundering activities ocuring within the Group.

We stand firmly by our anti-coruption policies and

procurement practices as stated in our internal manuals

which comply with aplicable laws. Aceptance of

kickbacks, comisions or any form of benefit is strictly

prohibited during any procurement exercise, contract

negotiation or other busines dealings.

During the Review Year, the Group was not aware

of any material non-compliance with any laws and

regulations in Hong Kong related to bribery, extortion,

fraud and money laundering including but not limited

to, the Prevention of Bribery Ordinance, that would have

a significant impact to the Group.

I.4 Conflict of Interest Management

In order to prevent employes and directors from

not taking coresponding measures because of their

personal interests, the Group has formulated the

“Declaration of Interest” which provides guidelines and

procedures to employes and directors in exercising

their utmost god faith and honesty in al transactions

involving their duties and under no circumstances

should they use their positions or knowledge gained for

their own personal benefits. Employes and directors

must ensure that there is no conflict of interest betwen

their personal interests and their duties, obligations and

responsibilities to the Group. Those who have or have

had a personal relationship with related person where

a conflict of interest is perceived should provide writen

declarations at the earliest posible oportunity.

I.5 Whistleblowing Mechanism

Comited to the highest posible standards of

openes, probity and acountability, the Group

expects and encourages our employes and directors

who have concerns about any suspected misconduct

or malpractice within the Group to come forward

and voice those concerns. Therefore, the Group

adopts a “Whistleblowing Policy” for al levels and

operations. Complainants are asured of protection

against unfair dismisal, victimisation or unwaranted

disciplinary action, even if the concerns turn out to be

unsubstantiated. The Audit Comite is responsible

for monitoring and reviewing the efectivenes of the

“Whistleblowing Policy” and make recomendations

for further improvement based on investigation results.

60DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

环境、社会及管治报告

I.6 社区投资

我们相信，企业的成功与其营运所

在社区的福祉息相关。作为我们

ESG承诺的一部分，我们继续深化

我们的社区参与工作，重点是支持

弱势群体，促进更包容的社会。

我们参与了一系列季节性慈善活

动，旨在为边缘群体带来温暖及关

怀。在端午节期间，我们支持由当

地慈善机构领导的外展活动，探访

居住在偏远地区的长者，并送上关

怀包。其后，我们在中秋节活动中

向有需要的家庭捐赠月饼及日用

品。在二零二五年农历新年期间，

我们再次与社区慈善机构合作，向

低收入家庭派发节日用品，帮助他

们安心欢度新年。

这些活动反映本集团对社会责任的

持久承诺。我们认为，社区投资并

非一项义务，而是我们企业价值的

基本体现 — 能够加强我们与社会的

关系，并有助长远及可持续发展。

IV. 未来可持续发展的方式

我们将于未来：

• 继续提高雇员及分包商的环保意

识；

以保护我们的员工及位于我们业务

营运范围附近的社区人员；及

，进一步展

现我们对社区的关怀。

I.6 Comunity Investment

We believe that the suces of a busines is intrinsicaly

linked to the wel-being of the comunities in which

it operates. As part of our ESG comitments, we

continued to depen our comunity engagement

eforts, with a focus on suporting the underprivileged

and fostering a more inclusive society.

We participated in a series of seasonal charity initiatives

aimed at bringing warmth and care to marginalised

groups. During the Dragon Boat Festival, we suported

outreach eforts led by local charitable organisations to

visit and deliver care packages to elderly residents living

in remote areas. This was folowed by a Mid-Autumn

Festival initiative in which we donated moncakes and

daily necesities to families in ned. Around the 2025

Lunar New Year season, we once again partnered with

comunity-based charities to distribute festive suplies

to low-income households, helping them to celebrate

the new year with peace of mind.

These activities reflect the Group’s enduring comitment

to social responsibility. We view comunity investment

not as an obligation, but as a fundamental expresion

of our corporate values – one that strengthens our

relationship with society and contributes to long-term,

sustainable development.

IV. FUTURE APROACH TO SUSTAINABLE

DEVELOPMENT

In the future, we wil:

awarenes in relation to environmental protection;

• maintain the highest standards for ocupational health

and safety to protect our staf members and the

comunities located in the vicinity of our operations;

and

• further extend our care to the comunity by

participating in more charity services.

DIRECTORS’ REPORT

董事会报告

2024/25 年报 • 龙升集团控股有限公司61

董事会欣然呈列本年报以及本集团回顾年度经

审核财务报表。

主要活动

本公司为一家投资控股公司，其主要附属公司

的主要活动载于综合财务报表附注15。

重组及股份发售

本公司于二零一七年二月二十二日在开曼群岛

注册成立为获豁免有限公司。本公司股份于二

零一八年二月八日在联交所主板上市。

根据重组，本公司于二零一七年八月二十一日

成为本集团控股公司。

业绩╱业务回顾

本集团于回顾年度的业绩载于本报告第81及82

页「综合损益表」及「综合全面收益表」章节。本

集团于回顾年度的业务回顾载于第7至20页「管

理层讨论及分析」一节。

股本

本公司于回顾年度的股本变动详情载于综合财

务报表附注24。

储备

本集团于回顾年度的储备变动详情载于第85页

「综合权益变动表」一节。

可分配储备

本公司可分配储备乃根据开曼群岛公司法计

算，于二零二五年三月三十一日约为89.7百万

港元（二零二四年三月三十一日：63.9百万港

元）。

末期股息

董事会已议决不建议就回顾年度宣派末期股

息。

The Board is pleased to submit this anual report together with the

audited financial statements of the Group for the Review Year.

PRINCIPAL ACTIVITIES

The Company is an investment holding company, the principal

activities of its principal subsidiaries are set out in note 15 to the

consolidated financial statements.

REORGANISATION AND SHARE OFER

The Company was incorporated in the Cayman Islands on 22

February 2017 as an exempted company with limited liability. The

Shares were listed on the Main Board of the Stock Exchange on 8

February 2018.

Pursuant to the Reorganisation, the Company became the holding

company of the Group on 21 August 2017.

RESULTS/BUSINES REVIEW

The results of the Group for the Review Year are set out in the

section headed “Consolidated Statement of Profit or Los” and

“Consolidated Statement of Comprehensive Income” on pages 81

to 82 in this report. The busines review of the Group for the Review

Year is set out in the section headed “Management Discusion and

Analysis” on pages 7 to 20.

SHARE CAPITAL

Details of movement in the share capital of the Company during

the Review Year are set out in note 24 to the consolidated financial

statements.

RESERVES

Details of movements in the reserves of the Group during the

Review Year are set out in the section headed “Consolidated

Statement of Changes in Equity” on page 85.

DISTRIBUTABLE RESERVES

Distributable reserves of the Company at 31 March 2025, calculated

under the Companies Law of Cayman Islands amounted to

aproximately HK$89.7 milion (31 March 2024: HK$63.9 milion).

FINAL DIVIDEND

The Board has resolved not to recomend the declaration of a final

dividend for the Review Year.

62DRAGON RISE GROUP HOLDINGS LIMITED • 2024/25 ANUAL REPORT

DIRECTORS’ REPORT

董事会报告

购买、出售或赎回本集团证券

于回顾年度，本公司及其任何附属公司概无购

买、出售或赎回本集团任何证券。

物业、机械及设备

本集团于回顾年度的物业、机械及设备变动详

情载于综合财务报表附注13。

优先购买权

经重列细则或开曼群岛法例概无条文订明优先

购买权，致使本公司须按比例向现有股东发售

新股份。

企业管治

本公司采纳企业管治常规之资料载于本报告第

28至45页「企业管治报告」一节。

税务减免

本公司并不知悉股东因持有该等证券而享有任

何税务减免。

股东周年大会（「股东周年大会」）

二零二五年股东周年大会将于二零二五年九月

二十九日举行。股东周年大会通告将按上市规

则规定方式适时公布及寄发予本公司股东。

暂停办理过户登记

本公司香港股份过户登记分处将于二零二五年

九月二十四日至二零二五年九月二十九日（包括

首尾两日）暂停办理股份过户登记，以确定股东

合资格出席应届股东周年大会并于会上投票。

于该等日期将暂停办理股份过户登记手续。厘

定股东合符资格出席股东周年大会并于会上表

决的记录日期将为二零二五年九月二十九日。

为确保股东符合资格出席股东周年大会并于会

上投票，所有过户文件连同有关股票须于二零

二五年九月二十三日下午四时三十分前，送达

本公司香港股份过户登记分处宝德隆证券登记

有限公司（地址为香港北角电气道148号21楼

2103B室）。

PURCHASE, SALE OR REDEMPTION OF THE

GROUP’S SECURITIES

During the Review Year, neither the Company nor any of its

subsidiaries had purchased, sold or redemed any of the Group’s

securities.

PROPERTY, PLANT AND EQUIPMENT

Details of movement in property, plant and equipment of the Group

during the Review Year are set out in note 13 to the consolidated

financial statements.

PRE-EMPTIVE RIGHTS

There is no provision for pre-emptive rights under the Restated

Articles or the Laws of the Cayman Islands, which would oblige

the Company to ofer new shares on a pro-rata basis to existing

shareholders.

CORPORATE GOVERNANCE

Information on the corporate governance practices adopted by the

Company are set out in the section headed “Corporate Governance

Report” on pages 28 to 45 in this report.

TAX RELIEF

The Company is not aware of any relief from taxation to which

the Shareholders are entitled by reason of their holding of such

securities.

ANUAL GENERAL METING (“AGM”)

The 2025 AGM wil be held on 29 September 2025. The notice of

the AGM wil be published and dispatched to shareholders of the

Company in the maner as required by the Listing Rules in due

course.

CLOSURE OF REGISTER OF MEMBERS

The Hong Kong branch register of members of the Company wil be

closed from 24 September 2025 to 29 September 2025 (both dates

inclusive) for the purpose of ascertaining shareholders’ entitlement

to atend and vote at the forthcoming AGM. No transfer of shares

may be registered on those dates. The record date for determining

the eligibility of shareholders to atend and vote at the AGM wil

be 29 September 2025. In order to qualify for the shareholders’

entitlement to atend and vote at the AGM, al transfer forms

acompanied by the relevant share certificates should be lodged

with the Company’s Branch Registrar in Hong Kong, Boardrom

Share Registrars (HK) Limited, 2103B, 21/F, 148 Electric Road, North

Point Hong Kong not later than 4:30 p.m. on 23 September 2025.

2024/25 年报 • 龙升集团控股有限公司63

DIRECTORS’ REPORT

董事会报告

董事

本公司于回顾年度及截至本报告日期的董事如

下：

执行董事

叶育杰先生（主席）

张振辉先生

独立非执行董事

陈家宇先生（于二零二四年十二月三十一日辞任）

李国麟先生

陈华胜先生

丁昕女士（于二零二四年十二月十二日获委任）

根据经重列细则第108条，于每届股东周年大

会上，当时三分之一的董事应轮值告退。然

而，倘董事人数并非三的倍数，则退任董事人

数以最接近但不少于三分之一的人数为准。每

年须退任的董事为自上次获重选连任或委任以

来任期最长的董事，惟倘多名董事均于同一日

任职或获重选连任，则以抽签决定须告退的董

事名单（彼等之间另有协定则除外）。

根据经重列细则第112条，获董事会委任以增

加现有董事会成员名额的董事的任期仅至本公

司下届股东周年大会为止，并可于该大会上膺

选连任。

根据经重列细则第108条，叶育杰先生及张振

辉先生将作为轮值退任董事，并符合资格及愿

意于本公司应届股东周年大会上膺选连任。

根据经重列细则第112条，丁昕女士将的任期

仅至本公司应届股东周年大会为止，并符合资

格且愿意膺选连任。

本公司已接获各独立非执行董事根据上市规则

第3.13条寄发的年度独立性确认书。本公司认

为全体独立非执行董事乃属独立。

丁昕女士已于二零二四年十二月十二日取得上

市规则第3.09D条所述的法律意见，并确认其瞭

解其作为本公司董事的责任。

DIRECTORS

The Directors of the Company during the Review Year and up to the

date of this report are: