方大Ｂ:2024年年度报告(英文版)

China Fangda Group Co., Ltd.
2024Annual Report
April 2025

2024Annual Report
Chapter 1 Important Statement, Table of Contents and Definitions
The members of the Board and the Company guarantee that the
announcement is free from any false information, misleading statement or
material omission and are jointly and severally liable for the information's
truthfulness, accuracy and integrity.
Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief
Financial Officer, and Mr. Wu Bohua, the manager of accounting department
declare: the Financial Report carried in this report is authentic and completed.
All the Directors have attended the meeting of the board meeting at which
this report was examined.
This annual report contains forward-looking statements such as future
plans, which do not constitute a substantial commitment by the Company to
investors. Investors and related parties should maintain sufficient risk
awareness and understand the differences between plans, forecasts, and
commitments.
The company has described the existing market risks, management risks
and production and operation risks in this report. Please refer to the risks that
may be faced mentioned in"11. Prospects for the Company's Future
Development" in III Management Discussion and Analysis.
The Board meeting reviewed and approved the profit distribution preplan:
distributing cash dividend of RMB0.50 (tax included) for each ten shares to all
shareholders on the basis of 1,073,874,227 shares of the Company and no
dividend share is issued to shareholders. No reserve is capitalized.

Contents

Chapter 1 Important Statement, Table of Contents and Definitions......2
Chapter IIAbout the Company and Financial Highlights......10
I. Company profiles......10
II. Contacts and liaisons......10
III. Information disclosure and inquiring......10
IV. Registration changes......11
V. Other information......11
VI. Financial Highlight......11
VII. Differences in accounting data under domestic and foreign accounting standards...... 12
VIII. Financial highlights by quarters......12
IX.Accidental gain/loss item and amount......13
Chapter III Management Discussion and Analysis......14
I. Major businesses of the Company during the report period......14
II. Core CompetitivenessAnalysis......19
III. Industry Situation During the Reporting Period......22
IV. Core BusinessAnalysis...... 30
V. Non-core BusinessAnalysis......38
VI.Assets and Liabilities......38
VII. Investment......40
VIII. Major assets and equity sales......44
IX.Analysis of major joint stock companies......44
X. Structural entities controlled by the Company......45
XI. Future Prospect......45
XIII. Status of Formulation and Implementation of Market Value Management System and

Valuation Enhancement Plan......49
XIV. Implementation Status of the "Dual Enhancement of Quality and Returns" Action Plan...... 49
Chapter IV Corporation Governance......50
I. Overview......50
II. The independence of the Company relative to the controlling shareholders and actual controllers

in ensuring the Company's assets, personnel, finance, institutions, business, etc......50
III. Competition......50
IV.Annual and extraordinary shareholder meetings held during the report period......51
V. Particulars about the Directors, Supervisors, and Senior Management......51
VI. Performance of directors during the report period......57
VII. Special committees under the board of directors during the reporting period......60
VIII. Performance of Supervisory Committee......61
IX. Employees......63
X. Profit distribution of the Company and conversion of capital reserve into share capital......64
XI. Share incentive schemes, staff shareholding program or other incentive plans......65
XII. Construction and implementation of internal control system during the reporting period......66
XIII. Management and control of subsidiaries during the reporting period...... 66
XIV. Internal control evaluation report or internal control audit report......66
XV. Rectification of problems in self inspection of special actions for governance of listed companies.68
Chapter V. Environmental and social responsibility......69
1. Major environmental problem...... 69
2. Social responsibilities......70
3. Consolidate and expand the achievements of poverty alleviation and rural revitalization......70
Chapter VI Significant Events......71
I. Performance of promises......71
II. Non-operating capital use by the controlling shareholder or related parties in the reporting term. 71
III. Incompliant external guarantee......71
IV. Description of the board of directors on the latest "non-standard audit report"......71
V. Statement of the Board of D