Annual Report 2018 Contents
POLY CULTURE GROUP CORPORATION CULTURE LIMITED POLY (A joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock code: 3636 ANNUAL REPORT 2018 ANNUAL REPORT ANNUAL REPORT 2 018 www.polyculture.com.cn CONTENTS 2 Corporate Profile 3 Financial Highlight 4 Corporate Structure 5 Major Events in 2018 6 Chairman’s Statement 8 Management Discussion and Analysis 21 Report from the Board of Directors 51 Report from the Board of Supervisors 52 Corporate Governance Report 69 Profile of Directors, Supervisors and Senior Management 73 Environmental, Social and Governance Report 83 Independent Auditor’s Report 92 Consolidated Statement of Profit or Loss 93 Consolidated Statement of Profit or Loss and Other Comprehensive Income 94 Consolidated Statement of Financial Position 96 Consolidated Statement of Changes in Equity 98 Consolidated Cash Flow Statement 100 Notes to the Financial Statements 217 Definitions 001 POLY CULTURE GROUP CORPORATION LIMITED ANNUAL REPORT 2018 Corporate Profile REGISTERED NAME OF THE International Auditor COMPANY KPMG Poly Culture Group Corporation Limited Certified Public Accountants 8th Floor, Prince’s Building, 10 Chater Road, Central, Hong Kong REGISTERED OFFICE District A, 20/F, 1 North Street of Chaoyangmen, LEGAL ADVISORS Dongcheng District, Beijing, 100010, PRC as to Hong Kong law HEAD OFFICE IN THE PRC Clifford Chance 27th Floor, Jardine House, One Connaught Place, District A, 25/F, 1 North Street of Chaoyangmen, Central, Hong Kong Dongcheng District, Beijing, 100010, PRC as to PRC law PRINCIPAL PLACE OF BUSINESS IN HONG KONG Jia Yuan Law Offices F408, Ocean Plaza, No. 158, 31st Floor, Tower 2, Times Square, Fuxing Men Nei Ave, Xicheng District, 1 1 Matheson Street, Causeway Bay, Hong Kong Beijing, China AUTHORIZED REPRESENTATIVE PRINCIPAL BANKS Mr.
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