Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Price fluctuation of jewellery raw materials.
• Lease renewal uncertainties for retail stores.
• Sustainability of profitability.
• High gearing ratio.
• Responding to changing market trends.
• Economic downturn impact on demand.
• Competition from online retailers.
• Lack of long-term agreements with customers/suppliers.
• Potential intellectual property infringement claims.
• Brand promotion and intellectual property protection challenges.
• Risks of damage/theft of inventory/information.
• Dependence on wholesale customer success.
• Risk of obsolete inventory.
• Seasonality and operational fluctuations.
• Credit risk from customers.
• Dependence on key personnel.
• Potential for outdated production methods.
• Importance of marketing activities.
• Illegality of raw material sources.
• Implementation of future plans.
• Potential adverse effects of retail expansion.

Mitigation Strategies

• Close monitoring of raw material price fluctuations.
• Negotiation for lease renewals.
• Focus on higher-margin products.
• Listing to improve financial position.
• Market research and business strategy reviews.
• Diversification of retail network.
• No online business plans mentioned.
• No long-term agreements mentioned.
• No specific mitigation strategies mentioned.
• Marketing and quality control measures.
• Internal security measures and insurance.
• No specific mitigation strategies mentioned.
• Regular inventory reviews and promotional activities.
• No specific mitigation strategies mentioned.
• No specific mitigation strategies mentioned.
• No specific mitigation strategies mentioned.
• Continuous adaptation and investment in new technologies.
• Multi-channel advertising strategy.
• No specific mitigation strategies mentioned.
• No specific mitigation strategies mentioned.
• No specific mitigation strategies mentioned.

Supply Chain Management

Responsible Procurement

• Careful inspection of sample raw materials.
• Quality control inspection upon delivery.

Climate-Related Risks & Opportunities

Awards & Recognition

• Quality Gold Mark
• Quality Tourism Services Scheme Certification Mark

Environmental Metrics

ESG Focus Areas

• Emission management
• Waste management
• Water management
• Energy management
• Remuneration and benefits
• Equal opportunities
• Safety production
• Supply chain management
• Protection of intellectual property
• Anti-corruption
• Customer services
• Quality assurance
• Protection of privacy

Environmental Achievements

• Engaged independent qualified inspector to monitor and test the water, air, soil, and other environmental conditions of its production facility. Implemented emission control guidelines for cleaner production, installing dust filtering system, filtering system with activated carbon absorbent and exhaust scrubber system.
• Actively adopted electricity conservation and energy saving measures.
• Implemented measures to handle non-hazardous wastes and launched different reduction initiatives, including educating employees on reducing disposable items, purchasing microwaves to encourage employees to take lunch boxes, advocating the reusing of office stationeries, and providing glass cups to clients and guests.

Social Achievements

• Established a fair, reasonable and competitive remuneration system.
• Signed and executed labour contracts with employees in accordance with the law.
• Implemented a fair and open assessment system to evaluate employees’ working performance.
• Established and improved its recruitment system, adhering to the hiring principles of morality, knowledge, ability, experience and physique.

Governance Achievements

• Established three Board committees: Audit Committee, Remuneration Committee, and Nomination Committee.
• Complied with Rules 5.05(1), 5.05(2) and 5.05A of the GEM Listing Rules relating to the appointment of independent non-executive Directors.
• Adopted the required standard of dealings as set out in Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct for dealing in securities of the Company by the Directors.

Climate Goals & Targets

Environmental Challenges

• Price fluctuation of jewellery raw materials.
• Inability to renew leases of retail stores.
• Inability to sustain profitability.
• High gearing ratio.
• Challenges or continued downturn in economic conditions affecting demand for products.

Mitigation Strategies

• Expand the Group’s jewellery design collection in line with customer needs and preferences and market trends.
• Expand its retail presence to capture market opportunities.
• Explore extending marketing campaign to social media.
• Regularly reviews the recoverable amount of trade receivables by performing ongoing credit assessments and monitoring prompt recovery and if necessary to make adequate impairment losses for irrecoverable amounts.
• Centralized treasury activities and cash is generally deposited with leading licensed banks in Hong Kong and denominated in Hong Kong dollars.

Supply Chain Management

Responsible Procurement

• Established a stringent and standardised procurement system and a systematic selection process for suppliers.
• Expected suppliers to fulfil standards in terms of environment, society and corporate governance, commercial ethics and quality.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 20 to the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited)

Awards & Recognition

• Quality Gold Mark
• Quality Tourism Services Scheme

Environmental Metrics

ESG Focus Areas

• Emission management
• Water management
• Waste management
• Energy management
• Use of packaging materials
• Remuneration and benefits
• Equal opportunities
• Safety production
• Supply chain management
• Protection of intellectual property
• Advertising and labelling
• Anti-corruption
• Customer services
• Quality assurance
• Protection of privacy
• Corporate social responsibility

Environmental Achievements

• Reduced GHG emissions from 169.09 tCO2e to 142.79 tCO2e
• Reduced non-hazardous waste from approximately 3.62 tonnes to 4.02 tonnes

Social Achievements

• Maintained a stable employee turnover rate
• No accidents resulting in death or significant physical injury
• Provided various types of employee training regularly

Governance Achievements

• Established an ESG Taskforce
• Developed adequate codes and provide anti-corruption trainings

Climate Goals & Targets

Environmental Challenges

• Price fluctuation of jewellery raw materials
• Potential inability to renew leases of retail stores
• Potential inability to sustain profitability
• High gearing ratio
• Challenges in economic conditions due to COVID-19

Mitigation Strategies

• Exploring protection operating models of less impact to the environment
• Actively adopts electricity conservation and energy saving measures
• Regularly reviews the recoverable amount of trade receivables
• Adopting a prudent financial management approach towards its treasury policy
• Expanding the Group’s jewellery design collection, expanding its retail presence, and extending our marketing campaign to social media

Supply Chain Management

Responsible Procurement

• Established a stringent and standardised procurement system

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: ESG Reporting Guide

Awards & Recognition

• Quality Gold Mark
• Quality Tourism Services Scheme