New Focus Auto Tech Holdings Limited has published its audited annual report for 2023. The report covers the company's main businesses, including the manufacturing of automotive green lighting and e-power products, automotive sales, after-sales services, and the distribution of auto insurance and financial products. The company began offering hydrogen fuel cell related business to government and IDC industry customers in the second half of the year. The report notes that the company does not propose to distribute dividends in 2023 (2022: none). The company's Environmental, Social and Governance (ESG) framework focuses on sustainability and social responsibility. The report also details key audit matters, including fair value measurement of financial assets and expected credit loss preparedness for other receivables. The...Show More

New Focus Auto Tech Holdings Limited has published its audited annual report for 2023. The report covers the company's main businesses, including the manufacturing of automotive green lighting and e-power products, automotive sales, after-sales services, and the distribution of auto insurance and financial products. The company began offering hydrogen fuel cell related business to government and IDC industry customers in the second half of the year. The report notes that the company does not propose to distribute dividends in 2023 (2022: none). The company's Environmental, Social and Governance (ESG) framework focuses on sustainability and social responsibility. The report also details key audit matters, including fair value measurement of financial assets and expected credit loss preparedness for other receivables. The company adheres to an anti-corruption policy and has established a code of conduct to prevent illegal activities within the organization. In addition, the company is committed to community engagement and is considering future investments in social responsibility programs. The report covers companies' efforts to address environmental impacts, resource consumption, and emissions and waste reduction. The company's employment practices, health and safety policies, development and training programs, and labor standards were discussed. Supply chain management and product responsibility are also the focus of the report, emphasizing quality control and customer safety. The report provides the public holding status of the company and the interests of directors and major shareholders in the company's shares and bonds. The company's auditor Crowe (HK) CPA Limited will retire at the upcoming annual general meeting and be eligible for reappointment.