{"id":7500,"date":"2024-12-11T22:06:43","date_gmt":"2024-12-11T14:06:43","guid":{"rendered":"https:\/\/veritas-bc.com\/?p=7500"},"modified":"2025-12-13T16:31:47","modified_gmt":"2025-12-13T08:31:47","slug":"hkex-guidance-on-annual-report-disclosure-2024","status":"publish","type":"post","link":"https:\/\/veritas-bc.com\/zh\/hkex-guidance-on-annual-report-disclosure-2024\/","title":{"rendered":"HKEX Guidance on Annual Report Disclosure &#8211; 2024"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7500\" class=\"elementor elementor-7500\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bddc2e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bddc2e1\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72bd3045\" data-id=\"72bd3045\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03d4817 elementor-widget elementor-widget-image\" data-id=\"03d4817\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-1024x512.png\" class=\"attachment-large size-large wp-image-7502\" alt=\"\" srcset=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-1024x512.png 1024w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-300x150.png 300w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-768x384.png 768w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-1536x768.png 1536w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-2048x1024.png 2048w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Insight-2-900x450.png 900w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74e88cd3 elementor-widget elementor-widget-text-editor\" data-id=\"74e88cd3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span style=\"font-size: inherit;\">In December 2024, Hong Kong Exchange Board (HKEx) issued &#8220;Guide on Preparation of Annual Report&#8221;, which covers the following areas:<\/span><\/h5>\n<ul>\n<li>Mandatory disclosure requirements under the Listing Rule<\/li>\n<\/ul>\n<ul>\n<li>Recommended disclosure in specific areas from thematic review<\/li>\n<\/ul>\n<ul>\n<li>Financial disclosures under prevailing requirements<\/li>\n<\/ul>\n<div><span style=\"font-size: 13px;\">We will cover the common areas requiring particular attention, as stated by HKEx, when preparing financial information in annual reports.<\/span><\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75ae768 elementor-widget elementor-widget-n-accordion\" data-id=\"75ae768\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1230\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1230\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 1. Accounting policy information, judgements and estimates <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1230\" class=\"elementor-element elementor-element-c883369 e-con-full e-flex e-con e-child\" data-id=\"c883369\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ae47da5 elementor-widget elementor-widget-text-editor\" data-id=\"ae47da5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: inherit;\">When preparing the financial statements, issuers should put in place a systematic process (Refer to HKFRS Practice Statement 2 &#8211; Making Materiality Judgements) in assessing whether the information is material for the purposes of recognition and measurement as well as presentation and disclosure. They should revisit the assessment in each year, by providing additional disclosure, removing immaterial information and reorganising existing disclosure (where appropriate).<\/span><\/p>\n<p>Accounting policy information, judgements and estimates should focus on how issuers have applied the accounting requirements according to their own facts and circumstances, which are more useful to investors than the boilerplate description that solely duplicates or summarises the accounting requirements.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1231\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1231\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 2. Revenue <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1231\" class=\"elementor-element elementor-element-dacf06c e-con-full e-flex e-con e-child\" data-id=\"dacf06c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f6a666 elementor-widget elementor-widget-text-editor\" data-id=\"4f6a666\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Revenue is a key line item in the financial statements. Issuers should disclose sufficient qualitative and quantitative information to enable investors to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with their customers. Clarity of disclosure can enhance the financial reporting integrity.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1232\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1232\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 3. Business combinations <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1232\" class=\"elementor-element elementor-element-d107b58 e-con-full e-flex e-con e-child\" data-id=\"d107b58\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e1ca3c5 elementor-widget elementor-widget-text-editor\" data-id=\"e1ca3c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Issuers should disclose sufficient information to enable investors to evaluate the nature and financial effects of business combinations. When entering into complex transactions, the boards and their management should have more in-depth discussion with their auditors and valuers at an early stage to consider the accounting implications in order to prevent any unintended accounting errors and regulatory consequences.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1233\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1233\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 4. Material intangible assets \u2013 impairment testing <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1233\" class=\"elementor-element elementor-element-847af6f e-flex e-con-boxed e-con e-child\" data-id=\"847af6f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-70b4977 elementor-widget elementor-widget-text-editor\" data-id=\"70b4977\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The cash-generating unit (CGU) containing goodwill and intangible assets with indefinite useful lives is required to perform an annual impairment test. Issuers should ensure that the valuation techniques, financial budgets and\/or key assumptions used in the test are appropriate and reasonable, and not overly optimistic having regard to historical cash flows, available market information and future prospects.<\/p>\n<p>When disclosing the required quantitative inputs (e.g. budget periods, discount rates and terminal growth rates) and qualitative information of the underlying key assumptions, issuers should pay attention to the level of detail of the disclosure. Boilerplate description (e.g. the values of key assumptions are based on \u201cpast experience\u201d and \u201cexternal information sources\u201d) is not enough, issuers should further elaborate on how the projected cash flows link with the<br \/>CGU\u2019s latest business development (e.g. the expected new product launch date).<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1234\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1234\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 5. Valuation of Level 3 financial assets <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1234\" class=\"elementor-element elementor-element-9b29249 e-flex e-con-boxed e-con e-child\" data-id=\"9b29249\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6799afa elementor-widget elementor-widget-text-editor\" data-id=\"6799afa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Performing Level 3 valuation can be challenging. Directors are reminded of their fiduciary duties and duties of skill, care and diligence under MB Rule 3.08 (GEM Rule 5.01) that they must exercise their own judgement 15 to assess the reasonableness of the valuation techniques and underlying unobservable inputs and should not overly rely on valuers. They should obtain sufficient and timely information from investees (such as latest financial data, updates on operations and business plans, recent share transactions) for measuring fair values and provide robust disclosure on Level 3 measurement.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1235\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1235\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 6. Credit risk disclosure on trade receivables <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1235\" class=\"elementor-element elementor-element-150d070 e-flex e-con-boxed e-con e-child\" data-id=\"150d070\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-14ee222 elementor-widget elementor-widget-text-editor\" data-id=\"14ee222\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>HKFRS disclosure requirements on the credit risk and expected credit losses (ECL) assessment are more objective-based. Issuers should carefully consider their circumstances and determine: (i) how much detail to disclose; (ii) how much emphasis to place on different aspects of the disclosure requirements; (iii) the appropriate level of aggregation or<br \/>disaggregation; and (iv) whether shareholders and investors need additional explanations to evaluate the quantitative information disclosed.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1236\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1236\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 7. Presentation of non-GAAP measures <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1236\" class=\"elementor-element elementor-element-1157e75 e-flex e-con-boxed e-con e-child\" data-id=\"1157e75\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6bab2b2 elementor-widget elementor-widget-text-editor\" data-id=\"6bab2b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Issuers should follow our guidance GL103-19 (SFC) when non-GAAP measures are used as a complement to GAAP financial information in the annual report. They should take a holistic approach to ensure non-GAAP measures present a fair and balanced view of the performance, position and cash flow and are not misleading. The audit committees, as gatekeepers, should monitor the integrity of non-GAAP disclosure.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1237\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1237\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> 8. Disclosure of possible impact of applying a new or amended standard in issue but not yet effective <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1237\" class=\"elementor-element elementor-element-b23752b e-flex e-con-boxed e-con e-child\" data-id=\"b23752b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8304ecf elementor-widget elementor-widget-text-editor\" data-id=\"8304ecf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Issuers should stay alert to the changes and developments in accounting standards. Implementation of new standards is not just an accounting exercise, but is expected to have a significant impact on some issuers, particularly on their business processes, IT systems and internal controls. Issuers should carefully assess the impact and develop a detailed action plan.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5d23a652 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d23a652\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-38b58358\" data-id=\"38b58358\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b7e5501 elementor-widget elementor-widget-text-editor\" data-id=\"7b7e5501\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Key Takeaway<\/h3>\n<ul>\n<li>Listed Companies should follow the HKEx Guideline for preparing annual reports in order to avoid further queries from relevant regulatory authorities.<\/li>\n<li>Most of the topics from the Guide are also applicable to private companies. Finance team should be well-prepared for these topics, as they are potential queries from your auditor.<\/li>\n<li>Finance team should closely work with management and other business units for obtaining more information on non-quantitative disclosure.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7965c4bc\" data-id=\"7965c4bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39bbc3aa elementor-widget elementor-widget-text-editor\" data-id=\"39bbc3aa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Further Readings<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.hkex.com.hk\/-\/media\/HKEX-Market\/Listing\/Rules-and-Guidance\/Other-Resources\/Exchanges-Review-of-Issuers-Annual-Disclosure\/rdiar_2024.pdf\">HKEX &#8211; Review of Issuers&#8217; Annual Report (2024)<\/a><\/li>\n<li><a href=\"https:\/\/en-rules.hkex.com.hk\/sites\/default\/files\/net_file_store\/Guide_on_Preparation_of_Annual_Report_e.pdf\">HKEX &#8211; Guide on Preparation of Annual Report<\/a><\/li>\n<li><a href=\"https:\/\/www.sfc.hk\/-\/media\/EN\/assets\/components\/codes\/files-current\/web\/guidance-note-on-directors-duties-in-the-conte\/guidance-note-on-directors-duties-in-the-context-of-valuations-in-corporate-transactions.pdf\">SFC &#8211; Guidance note on directors\u2019 duties in the context of valuations in corporate transactions\u00a0<\/a><\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-f6890dd elementor-hidden-tablet elementor-hidden-phone\" data-id=\"f6890dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6865abc2 elementor-widget elementor-widget-stm_sidebar\" data-id=\"6865abc2\" data-element_type=\"widget\" data-widget_type=\"stm_sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<div class=\"stm_sidebar consulting_elementor_sidebar\">\n\n            \t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7231\" class=\"elementor elementor-7231\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-932025b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"932025b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9320693\" data-id=\"9320693\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-93216e7 third_bg_color elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93216e7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9321af5\" data-id=\"9321af5\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9321e6c elementor-widget elementor-widget-vc_custom_heading\" data-id=\"9321e6c\" data-element_type=\"widget\" data-widget_type=\"vc_custom_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"vc_custom_heading  consulting_heading_font  text_align_left\" ><div style=\"font-size: 16px;color: #222222;text-align: left;font-weight:700\" class=\"consulting-custom-title\">\u7acb\u523b\u8054\u7edc\u6211\u4eec\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9322144 elementor-widget elementor-widget-text-editor\" data-id=\"9322144\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u8054\u7edc\u6211\u4eec\uff0c\u9884\u7ea6\u514d\u8d39\u54a8\u8be2\u3002<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9322379 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"9322379\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper icon_align_\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/veritas-bc.com\/zh\/contact-us-veritas\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fa fa-phone-square\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">\u8054\u7edc\u6211\u4eec<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9322d4c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9322d4c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9323138\" data-id=\"9323138\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9323458 elementor-widget elementor-widget-stm_testimonials\" data-id=\"9323458\" data-element_type=\"widget\" data-widget_type=\"stm_testimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"stm_testimonials consulting_elementor_testimonials cols_1 style_2\">\n\t\t\t\t\t\t\t<div class=\"item\">\n\t\t\t\t\t<div class=\"testimonial\"><p>\u5a01\u8bda\u5bf9\u4f01\u4e1a\u98ce\u9669\uff0c\u5982\u7a0e\u52a1\u98ce\u9669\u3001\u8425\u8fd0\u98ce\u9669\u3001\u8d22\u52a1\u98ce\u9669\u7b49\u7ed9\u4e88\u4e86\u8bb8\u591a\u7684\u89c1\u89e3......\u8fd9\u5927\u5927\u63d0\u9ad8\u4e86\u6211\u4eec\u7684\u98ce\u9669\u7ba1\u7406\u80fd\u529b\u3002\u5f3a\u70c8\u63a8\u8350\u7ed9\u5176\u4ed6\u4e2d\u5c0f\u4f01\u4e1a\u8001\u677f\uff01<\/p>\n<\/div>\n\t\t\t\t\t<div class=\"testimonial-info clearfix\">\n\t\t\t\t\t\t<div class=\"testimonial-image\"><img decoding=\"async\" width=\"50\" height=\"50\" src=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3-50x50.png\" class=\"attachment-consulting-image-50x50-croped size-consulting-image-50x50-croped wp-post-image\" alt=\"\" srcset=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3-50x50.png 50w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3-300x300.png 300w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3-150x150.png 150w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3-320x320.png 320w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_3.png 360w\" sizes=\"(max-width: 50px) 100vw, 50px\" \/><\/div>\n\t\t\t\t\t\t<div class=\"testimonial-text\">\n\t\t\t\t\t\t\t<div class=\"name\">Thomas<\/div>\n\t\t\t\t\t\t\t<div class=\"company\">\n\t\t\t\t\t\t\t\u4e2d\u5c0f\u4f01\u8d38\u6613\u516c\u53f8 - \u8463\u4e8b\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"item\">\n\t\t\t\t\t<div class=\"testimonial\"><p>\u5a01\u8bda\u5728\u8fd9\u4e9b\u7e41\u7410\u7684\u5408\u89c4\u6027\u4e8b\u52a1\u4e0a\u7ed9\u4e86\u6211\u5f88\u5927\u5e2e\u52a9\uff0c\u8ba9\u6211\u53ef\u4ee5\u4e13\u6ce8\u4e8e\u516c\u53f8\u8425\u8fd0\u5e76\u63d0\u9ad8\u4e1a\u7ee9\u3002<\/p>\n<\/div>\n\t\t\t\t\t<div class=\"testimonial-info clearfix\">\n\t\t\t\t\t\t<div class=\"testimonial-image\"><img decoding=\"async\" width=\"50\" height=\"50\" src=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4-50x50.png\" class=\"attachment-consulting-image-50x50-croped size-consulting-image-50x50-croped wp-post-image\" alt=\"\" srcset=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4-50x50.png 50w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4-300x300.png 300w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4-150x150.png 150w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4-320x320.png 320w, https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/Client_4.png 360w\" sizes=\"(max-width: 50px) 100vw, 50px\" \/><\/div>\n\t\t\t\t\t\t<div class=\"testimonial-text\">\n\t\t\t\t\t\t\t<div class=\"name\">Kevin<\/div>\n\t\t\t\t\t\t\t<div class=\"company\">\n\t\t\t\t\t\t\t\u623f\u5730\u4ea7\u987e\u95ee\u516c\u53f8 - \u6267\u884c\u8463\u4e8b\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t    \n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16cdbc8 third_bg_color elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16cdbc8\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea6cedd\" data-id=\"ea6cedd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e149e23 elementor-widget elementor-widget-vc_cta\" data-id=\"e149e23\" data-element_type=\"widget\" data-widget_type=\"vc_cta.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<div class=\"ce_cta ce_cta_de9d240266c68069d7c8742751213b66 ce_text_left third_bg_color add_button_right btn_align_right btn_button_block_true btn_has_icon btn_has_icon_on_the_right\" id=\"\">\n\t<div class=\"ce_cta__content\">\n\t\t<div class=\"ce_cta__content__header\">\n\t\t\t<h2  class='ce_cta__content__title'>\u9700\u8981\u514d\u8d39\u54a8\u8be2?<\/h2>\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t<div class=\"ce_cta__action\">\n\t\t<a\n\t\t\thref=\"https:\/\/veritas-bc.com\/zh\/contact-us-veritas\/\"\n\t\t\t\t\t\ttarget=\"_self\"\n\t\t\tclass=\"button\">\n\t\t\t<span>\u8054\u7edc\u6211\u4eec<\/span>\n\t\t\t\t\t\t<i class=\"fa fa-chevron-right\"><\/i>\n\t\t\t\t\t<\/a>\n\t<\/div>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>In December 2024, Hong Kong Exchange Board (HKEx) issued &#8220;Guide on Preparation of Annual Report&#8221;, which covers the following areas: Mandatory disclosure requirements under the Listing Rule Recommended disclosure in specific areas from thematic review Financial disclosures under prevailing requirements We will cover the common areas requiring particular attention, as stated by HKEx, when preparing<\/p>","protected":false},"author":1,"featured_media":7518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,48],"tags":[],"class_list":["post-7500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-accounting","category-financial-reporting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/veritas-bc.com\/zh\/hkex-guidance-on-annual-report-disclosure-2024\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited\" \/>\n<meta property=\"og:description\" content=\"In December 2024, Hong Kong Exchange Board (HKEx) issued &#8220;Guide on Preparation of Annual Report&#8221;, which covers the following areas: Mandatory disclosure requirements under the Listing Rule Recommended disclosure in specific areas from thematic review Financial disclosures under prevailing requirements We will cover the common areas requiring particular attention, as stated by HKEx, when preparing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/veritas-bc.com\/zh\/hkex-guidance-on-annual-report-disclosure-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Veritas Business Consultancy Limited\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/veritasbchk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T14:06:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-13T08:31:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"866\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"samadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"samadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/\"},\"author\":{\"name\":\"samadmin\",\"@id\":\"https:\/\/veritas-bc.com\/#\/schema\/person\/1ccc20ec601186f1e10d775ae4154b6b\"},\"headline\":\"HKEX Guidance on Annual Report Disclosure &#8211; 2024\",\"datePublished\":\"2024-12-11T14:06:43+00:00\",\"dateModified\":\"2025-12-13T08:31:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/\"},\"wordCount\":1540,\"publisher\":{\"@id\":\"https:\/\/veritas-bc.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp\",\"articleSection\":[\"Finance &amp; accounting\",\"Financial Reporting\"],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/\",\"url\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/\",\"name\":\"HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited\",\"isPartOf\":{\"@id\":\"https:\/\/veritas-bc.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp\",\"datePublished\":\"2024-12-11T14:06:43+00:00\",\"dateModified\":\"2025-12-13T08:31:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage\",\"url\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp\",\"contentUrl\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp\",\"width\":1152,\"height\":866},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\/\/veritas-bc.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HKEX Guidance on Annual Report Disclosure &#8211; 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/veritas-bc.com\/#website\",\"url\":\"https:\/\/veritas-bc.com\/\",\"name\":\"Veritas Business Consultancy Limited\",\"description\":\"All-in-one Business Solution Provider\",\"publisher\":{\"@id\":\"https:\/\/veritas-bc.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/veritas-bc.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/veritas-bc.com\/#organization\",\"name\":\"Veritas Business Consultancy Limited\",\"alternateName\":\"\u5a01\u8aa0\u5546\u696d\u9867\u554f\u6709\u9650\u516c\u53f8\",\"url\":\"https:\/\/veritas-bc.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/veritas-bc.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/11\/Company-Logo-v2-362x300-1.png\",\"contentUrl\":\"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/11\/Company-Logo-v2-362x300-1.png\",\"width\":361,\"height\":300,\"caption\":\"Veritas Business Consultancy Limited\"},\"image\":{\"@id\":\"https:\/\/veritas-bc.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/veritasbchk\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/veritas-bc.com\/#\/schema\/person\/1ccc20ec601186f1e10d775ae4154b6b\",\"name\":\"samadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/veritas-bc.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/264f4a7f83a5280a23eba42841b65a92d2a100075daf4f5454fc5d71a3bc987e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/264f4a7f83a5280a23eba42841b65a92d2a100075daf4f5454fc5d71a3bc987e?s=96&d=mm&r=g\",\"caption\":\"samadmin\"},\"sameAs\":[\"https:\/\/veritas-bc.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/veritas-bc.com\/zh\/hkex-guidance-on-annual-report-disclosure-2024\/","og_locale":"zh_CN","og_type":"article","og_title":"HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited","og_description":"In December 2024, Hong Kong Exchange Board (HKEx) issued &#8220;Guide on Preparation of Annual Report&#8221;, which covers the following areas: Mandatory disclosure requirements under the Listing Rule Recommended disclosure in specific areas from thematic review Financial disclosures under prevailing requirements We will cover the common areas requiring particular attention, as stated by HKEx, when preparing","og_url":"https:\/\/veritas-bc.com\/zh\/hkex-guidance-on-annual-report-disclosure-2024\/","og_site_name":"Veritas Business Consultancy Limited","article_publisher":"https:\/\/www.facebook.com\/veritasbchk","article_published_time":"2024-12-11T14:06:43+00:00","article_modified_time":"2025-12-13T08:31:47+00:00","og_image":[{"width":1152,"height":866,"url":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp","type":"image\/webp"}],"author":"samadmin","twitter_card":"summary_large_image","twitter_misc":{"\u4f5c\u8005":"samadmin","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"8 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#article","isPartOf":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/"},"author":{"name":"samadmin","@id":"https:\/\/veritas-bc.com\/#\/schema\/person\/1ccc20ec601186f1e10d775ae4154b6b"},"headline":"HKEX Guidance on Annual Report Disclosure &#8211; 2024","datePublished":"2024-12-11T14:06:43+00:00","dateModified":"2025-12-13T08:31:47+00:00","mainEntityOfPage":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/"},"wordCount":1540,"publisher":{"@id":"https:\/\/veritas-bc.com\/#organization"},"image":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp","articleSection":["Finance &amp; accounting","Financial Reporting"],"inLanguage":"zh-Hans"},{"@type":"WebPage","@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/","url":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/","name":"HKEX Guidance on Annual Report Disclosure - 2024 - Veritas Business Consultancy Limited","isPartOf":{"@id":"https:\/\/veritas-bc.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage"},"image":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp","datePublished":"2024-12-11T14:06:43+00:00","dateModified":"2025-12-13T08:31:47+00:00","breadcrumb":{"@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#primaryimage","url":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp","contentUrl":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/12\/fd42d913-0763-4039-b6f1-e02a377e8c70.webp","width":1152,"height":866},{"@type":"BreadcrumbList","@id":"https:\/\/veritas-bc.com\/hkex-guidance-on-annual-report-disclosure-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/veritas-bc.com\/"},{"@type":"ListItem","position":2,"name":"HKEX Guidance on Annual Report Disclosure &#8211; 2024"}]},{"@type":"WebSite","@id":"https:\/\/veritas-bc.com\/#website","url":"https:\/\/veritas-bc.com\/","name":"Veritas Business Consultancy Limited","description":"All-in-one Business Solution Provider","publisher":{"@id":"https:\/\/veritas-bc.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/veritas-bc.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Organization","@id":"https:\/\/veritas-bc.com\/#organization","name":"Veritas Business Consultancy Limited","alternateName":"\u5a01\u8aa0\u5546\u696d\u9867\u554f\u6709\u9650\u516c\u53f8","url":"https:\/\/veritas-bc.com\/","logo":{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/veritas-bc.com\/#\/schema\/logo\/image\/","url":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/11\/Company-Logo-v2-362x300-1.png","contentUrl":"https:\/\/veritas-bc.com\/wp-content\/uploads\/2024\/11\/Company-Logo-v2-362x300-1.png","width":361,"height":300,"caption":"Veritas Business Consultancy Limited"},"image":{"@id":"https:\/\/veritas-bc.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/veritasbchk"]},{"@type":"Person","@id":"https:\/\/veritas-bc.com\/#\/schema\/person\/1ccc20ec601186f1e10d775ae4154b6b","name":"samadmin","image":{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/veritas-bc.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/264f4a7f83a5280a23eba42841b65a92d2a100075daf4f5454fc5d71a3bc987e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/264f4a7f83a5280a23eba42841b65a92d2a100075daf4f5454fc5d71a3bc987e?s=96&d=mm&r=g","caption":"samadmin"},"sameAs":["https:\/\/veritas-bc.com"]}]}},"_links":{"self":[{"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/posts\/7500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/comments?post=7500"}],"version-history":[{"count":18,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/posts\/7500\/revisions"}],"predecessor-version":[{"id":7520,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/posts\/7500\/revisions\/7520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/media\/7518"}],"wp:attachment":[{"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/media?parent=7500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/categories?post=7500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veritas-bc.com\/zh\/wp-json\/wp\/v2\/tags?post=7500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}