Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Replaced new LED lighting and installed meters for monitoring electricity consumption in the workshop to reduce energy consumption.
• Engaged specialized company to collect and treat wastewater before discharging to comply with regulations and reduce water pollution.

Social Achievements

• Donated HK$417,000 to approved charitable organizations in Hong Kong.
• Provided training sponsorship to cover the cost of job-relevant external training programs and professional or qualification examinations for all permanent employees who have completed one year of services.

Governance Achievements

• Complied with the code provisions set out in the Corporate Governance Code and Corporate Governance Report contained in Appendix 15 of the GEM Listing Rules.
• Established an Audit Committee, Remuneration Committee, Nomination Committee, Hedging Committee, and Executive Committee with written terms of reference.

Climate Goals & Targets

Environmental Challenges

• Significant fluctuation in commodity prices and pessimistic medium-term outlook.
• Competition in a shrinking market.
• Dependence on a few suppliers for metal materials.
• Concentration of revenue from a small number of customers.
• Securing adequate funds for working capital and new projects.

Mitigation Strategies

• Maintaining close relationships with customers and seeking to expand the customer base.
• Implementing risk management measures to face challenges caused by industry depression.
• Establishing good relationships with more suppliers to secure alternative sources of metal supply.
• Implementing strategies to develop and enlarge its market share and exploring potential customers.
• Regularly reviewing cash flow requirements and cash flow generated from core operations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers were chosen based on their continuous ability to guarantee satisfactory product quantity and quality, reasonable price and timely delivery, and new suppliers were required to provide relevant certifications/documents.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Appendix 20 Environmental, Social and Governance Reporting Guide of the Rules Governing the Listing of Equity Securities on the Growth Enterprise Market

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water consumption per tonne of product produced by 9.0% compared to 2016.
• Improved electricity consumption per tonne of product produced by 14.6% compared to 2016.
• Installed LED lighting in offices to reduce electricity consumption.
• Installed meters to monitor electricity and water consumption.

Social Achievements

• No health and safety incidents reported.
• Increased employee headcount by 7 to 28, with policies promoting equal opportunities and diversity.
• Provided employee benefits including mandatory provident fund, medical insurance, and work injury insurance.
• Encouraged employee development and training with sponsorship for external programs.

Governance Achievements

• Complied with the Code provisions set out in the Corporate Governance Code and Corporate Governance Report.
• Established Audit, Executive, Remuneration, and Nomination Committees.
• Maintained directors’ and officers’ liability insurance.

Climate Goals & Targets

Environmental Challenges

• Significant fluctuation in commodity prices.
• Competition in the metal trading market.
• Dependence on a few key suppliers.
• Concentration of revenue from a few major customers.
• Securing adequate funds for business needs.
• Operational risks from human error, systems failures, or inadequate internal controls.
• Potential for industrial accidents and other catastrophic events.
• Compliance with certificates, licenses, and permits.
• Retention of key personnel.

Mitigation Strategies

• Maintaining close relationships with customers and expanding customer base.
• Exploring new business sectors (electronic products, money lending).
• Establishing good relationships with more suppliers to secure alternative sources.
• Developing strategies to enlarge market share and explore potential customers.
• Regularly reviewing cash flow requirements.
• Implementing proper policies and procedures, segregation of duties, and management reports.
• Developing health and safety procedures and arranging insurance policies.
• Closely monitoring legislative requirements and engaging with professional advisors.
• Reviewing and improving recruitment and retention practices and providing competitive remuneration.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Clear Procurement Management Rules and Guidelines.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed