Annual Report 2025/2026

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# Annual Report 2025/2026

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# Annual Report 2025/2026
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CHARACTERISTICS OF GEM OF THE STOCK 香港聯合交易所有限公司
EXCHANGE OF HONG KONG LIMITED (THE （
「聯交所」
）GEM之特色
“STOCK EXCHANGE”)
GEM has been positioned as a market designed to GEM為較其他於聯交所上市之中小型公司承受更
accommodate small and mid-sized companies to which a 高投資風險之公司提供一個上市之市場。有意投
higher investment risk may be attached than other companies 資之人士應了解投資於該等公司之潛在風險，並
listed on the Stock Exchange. Prospective investors should be 應經過審慎周詳之考慮後方作出投資決定。
aware of the potential risks of investing in such companies and
should make the decision to invest only after due and careful
consideration.
Given that the companies listed on GEM are generally small 鑑於GEM上市公司通常為中小型公司，在GEM買
and mid-sized companies, there is a risk that securities traded 賣之證券可能會較於聯交所主板買賣之證券承受
on GEM may be more susceptible to high market volatility than 較大之市場波動風險，且無法保證在GEM買賣之
securities traded on the Main Board of the Stock Exchange 證券會有高流通量之市場。
and no assurance is given that there will be a liquid market in
the securities traded on GEM.
Hong Kong Exchanges and Clearing Limited and the Stock 香港交易及結算所有限公司及聯交所對本報告之
Exchange take no responsibility for the contents of this report, 內容概不負責，對其準確性或完整性亦不發表任
make no representation as to its accuracy or completeness 何聲明，並明確表示概不就因本報告全部或任何
and expressly disclaim any liability whatsoever for any loss 部份內容而產生或因倚賴該等內容而引致之任何
howsoever arising from or in reliance upon the whole or any 損失承擔任何責任。
part of the contents of this report.
This report, for which the directors of GT Gold Holdings Limited (the 大唐黃金控股有限公司（ 「本公司」 ）各董事共同及
“Company”) collectively and individually accept full responsibility, 個別對本報告承擔全部責任，當中包括遵照聯交
includes particulars given in compliance with the Rules Governing 所GEM證券上市規則（「GEM上市規則」）規定提供
the Listing of Securities on GEM of the Stock Exchange (the “GEM 有關本公司及其附屬公司（統稱 「本集團」）之資料。
Listing Rules”) for the purpose of giving information with regard 本公司董事（「董事」
）在作出一切合理查詢後確認，
to the Company and its subsidiaries (together, the “Group”). 就彼等所深知及確信本報告所載資料在各主要方
The directors of the Company (the “Directors”), having made all 面均屬準確及完整，並無誤導或欺詐成份且並無
reasonable enquiries, confirm that to the best of their knowledge 遺漏任何其他事宜，致使其任何陳述或本報告有
and belief the information contained in this report is accurate and 所誤導。
complete in all material respects and not misleading or deceptive, and
there are no other matters the omission of which would make any
statement herein or this report misleading.
This report will remain on the “Latest Listed Company Information” 本報告將於刊發日期起至少七日持續刊登於聯交
page of the website of the Stock Exchange at www.hkexnews.hk for 所網頁www.hkexnews.hk「最新上市公司公告」一頁
at least seven days from the date of its publication and on the website 及本公司網頁http://www.gt-gold.com/。
of the Company at http://www.gt-gold.com/.
The English text of this report shall prevail over the Chinese text in 本報告中英版如有歧義，概以英文版為準。
case of inconsistencies.
1
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CONTENTS
目錄
Pages
頁次
Corporate Information 公司資料 3
Chairman’s Statement 主席報告 5
Management Discussion and Analysis 管理層討論及分析 8
Biographical Details of Directors and Senior Management 董事及高級管理層履歷 25
Report of the Directors 董事會報告 29
Environmental, Social and Governance Report 環境、社會及管治報告 54
Corporate Governance Report 企業管治報告 112
Independent Auditor’s Report 獨立核數師報告書 141
Consolidated Statement of Profit or Loss and Other 綜合損益及其他全面收益表
Comprehensive Income 149
Consolidated Statement of Financial Position 綜合財務狀況表 151
Consolidated Statement of Changes in Equity 綜合權益變動表 153
Consolidated Statement of Cash Flows 綜合現金流量表 155
Notes to the Consolidated Financial Statements 綜合財務報表附註 158
Five-year Financial Summary 五年財務概要 280
2
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CORPORATE INFORMATION
公司資料
BOARD OF DIRECTORS 董事會
Executive Directors 執行董事
Dr. Li Dahong (Chairman) （主席）
李大宏博士
Ms. Ma Xiaona 馬曉娜女士
Independent non-executive Directors 獨立非執行董事
Mr. Guo Wei 郭瑋先生
Mr. Lam Albert Man Sum 林聞深先生
Mr. Cheung Wai Hung 張偉雄先生
AUDIT COMMITTEE 審核委員會
Mr. Lam Albert Man Sum (Chairman) （主席）
林聞深先生
Mr. Guo Wei 郭瑋先生
Mr. Cheung Wai Hung 張偉雄先生
REMUNERATION COMMITTEE 薪酬委員會
Mr. Guo Wei (Chairman) （主席）
郭瑋先生
Ms. Ma Xiaona 馬曉娜女士
Mr. Lam Albert Man Sum 林聞深先生
NOMINATION COMMITTEE 提名委員會
Mr. Guo Wei (Chairman) （主席）
郭瑋先生
Ms. Ma Xiaona 馬曉娜女士
Mr. Lam Albert Man Sum 林聞深先生
AUTHORISED REPRESENTATIVES 授權代表
Dr. Li Dahong 李大宏博士
Ms. Lee Eva 李綺華女士
COMPANY SECRETARY 公司秘書
Ms. Lee Eva 李綺華女士
AUDITOR 核數師
McMillan Woods (Hong Kong) CPA Limited 長青（香港）會計師事務所有限公司
24/F, Siu On Centre, 香港灣仔
188 Lockhart Road, 駱克道188號
Wan Chai, Hong Kong 兆安中心24樓
Note: Information in this section is as at the date of this report. 附註：本節資料乃截至本報告日期。
3
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CORPORATE INFORMATION
公司資料
LEGAL ADVISERS 法律顧問
WE Lawyers 李綺華 • 趙國賢律師事務所
Room 1111, 香港
Bank of America Tower 中環
12 Harcourt Road 夏愨道12號
Central 美國銀行中心
Hong Kong 1111室
REGISTERED OFFICE 註冊辦事處
Cricket Square, Hutchins Drive Cricket Square, Hutchins Drive
P.O. Box 2681 P.O. Box 2681
Grand Cayman KY1-1111 Grand Cayman KY1-1111
Cayman Islands Cayman Islands
HEAD OFFICE AND PRINCIPAL PLACE OF 香港總辦事處及主要營業地點
BUSINESS IN HONG KONG
Room A–B, 8th Floor 香港上環
Centre Mark II 皇后大道中305–313號
305-313 Queen’s Road Central 永業中心
Sheung Wan, Hong Kong 8樓A–B室
PRINCIPAL SHARE REGISTRAR AND 股份過戶及登記總處
TRANSFER OFFICE
Ocorian Trust (Cayman) Limited Ocorian Trust (Cayman) Limited
Clifton House, 75 Fort Street Clifton House, 75 Fort Street
P.O. Box 1350, Grand Cayman P.O. Box 1350, Grand Cayman
Cayman Islands Cayman Islands
HONG KONG BRANCH SHARE REGISTRAR 香港股份過戶及登記分處
AND TRANSFER OFFICE
Union Registrars Limited 聯合證券登記有限公司
Suites 3301-04, 33/F. 香港北角
Two Chinachem Exchange Square 英皇道338號
338 King’s Road 華懋交易廣場2期
North Point, Hong Kong 33樓3301-04室
PRINCIPAL BANKERS 主要往來銀行
Shanghai Commercial Bank Limited 上海商業銀行有限公司
Agricultural Bank of China 中國農業銀行
Industrial and Commercial Bank of China 中國工商銀行
STOCK CODE 股份代號
8299 8299
COMPANY WEBSITE 公司網址
http://www.gt-gold.com http://www.gt-gold.com
EMAIL 電郵
info@gt-gold.com info@gt-gold.com
4
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CHAIRMAN’S STATEMENT
主席報告
On behalf of the Board of Directors, I am pleased to present the 本人謹代表董事會欣然呈報大唐黃金控股有限公
annual results of GT Gold Holdings Limited for the year ended 31 司截至二零二六年三月三十一日止年度之年度業
March 2026. 績。
The year under review (the “Year”) marked a period of strategic 回顧年度（
「本年度」
）標誌著本集團戰略轉型及業
transformation and steady operational progress for the Group. We 務穩步發展的時期。我們持續強化核心的黃金勘
continued to fortify our core gold exploration, mining, and processing 探、開採及加工業務，同時加快技術創新、資產優
operations while accelerating initiatives in technological innovation, 化及提質增效方面的舉措。在產量提升及金價堅
asset optimization, and efficiency. Driven by enhanced production 挺的推動下，本集團盈利能力實現顯著改善，與二
outputs and buoyant gold price, the Group achieved a notable 零二六年六月發佈的正面盈利預警相符。
improvement in profitability, aligning with the positive profit alert issued
in June 2026.
A major milestone during the year was the successful completion 年內一項重要里程碑為本公司於二零二五年十月
of placing of new shares in October 2025, raising net proceeds of 完成配售新股份，所得款項淨額約為274.47百萬港
approximately HK$274.47 million. This strengthened our financial 元。是次配售進一步強化本集團的財務基礎，為本
position and provided additional resources to pursue future 集團日後進行收購、履行合作協議承諾及補充營
acquisitions, fulfil commitments under cooperation agreements and 運資金提供充裕資源，並為把握礦業行業的新機
support general working capital needs. These proceeds will play a 遇奠定基礎。
vital role in enabling the Group to capture emerging opportunities in
the mining sector.
Pivotal to this operational growth, Taizhou Mining advanced its 作為此項業務增長的關鍵，太洲礦業於本年度推
comprehensive technical revamp of the mining infrastructure during 進採礦基建全面技術改造。與此同時，選礦廠升
the Year. In tandem, the processing plant upgrade — expanding 級工程－－將選礦廠由200噸╱日擴大至500噸╱
the 200 tonnes/day processing plant to 500 tonnes/day — is on 日－－正按計劃進行，預計於二零二六年八月完工
track for completion in August 2026 and the 1,000 tonnes/day 且十二月底前該廠達1,000噸╱日。待最終監管審
plant by the end of December. Upon final regulatory clearance, the 批後，本集團的黃金採礦及選礦總產能將顯著提
Group’s aggregate gold mining and processing capacities will scale 升。
significantly.
5
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CHAIRMAN’S STATEMENT
主席報告
In March 2026, the Group entered into an agreement to acquire a 於二零二六年三月，本集團訂立一份協議以收購
gold mining project in Shaanxi Province, the PRC, which represents 一個位於中國陝西省的黃金開採項目，標誌著擴
an important step in expanding the Group’s resource base and 大本集團資源基礎及生產管線的重要一步。收購
production pipeline. The acquisition was completed on 29 June 2026. 事項已於二零二六年六月二十九日完成。新收購
The newly acquired target group owns mines, ore processing plants, 的目標集團擁有礦山、選礦廠、尾礦庫以及所有相
tailings storage facilities and associated auxiliary and supporting 關輔助及配套設施。前期預調試工作已進行數月，
installations. Pre-commissioning works had been in progress for 試生產計劃於交易完成後不久啟動。預期試運營
months, with trial operation scheduled to kick off shortly after deal 的開展將為本集團的年度財務業績帶來正面貢獻。
completion. The launch of trial operations was expected to generate
positive contributions to the Group’s annual financial results.
During the Year, our subsidiary, AI Mining Co. Ltd., co-developed a 於本年度，我們的附屬公司人工智能礦業有限公
benchmark AI solution for the gold and non-ferrous mining sectors. 司共同開發了一套黃金及有色金屬採礦行業的基
This initiative establishes a standardized training framework and 準人工智能解決方案。該計劃建立了一套標準化
operational models to unify fragmented industry data and optimize 培訓框架及運營模型，以整合零散的行業數據並
knowledge reuse. A key milestone was the rollout of a Gold 優化知識重用。一個關鍵里程碑是推出了用於地
Exploration AI Agent for geological prospecting. Integrating large 質勘探的黃金勘探人工智能代理。該平台整合大
language models, knowledge graphs, and multi-format document 型語言模型、知識圖譜及多格式文檔解析，通過先
parsing, the platform automates data extraction from PDFs, images, 進的光學字符識別及語義分析，自動從PDF、圖像
and MapGIS files via advanced OCR and semantic analysis. This 及MapGIS檔案中提取數據。此基礎設施為人工智
infrastructure powers functional modules including AI Q&A, document 能問答、文檔助手及自動化報告起草等功能模塊
assistant, and automated report drafting. Following extensive model 提供支撐。經過廣泛的模型調優後，該平台利用一
tuning, the platform completed successful pilot testing using live 個在產金礦的實際鑽探數據完成了成功的試點測
drilling data from an operating gold mine. The system proved highly 試。該系統證明與地質數據集及合規文件高度兼
compatible with geological datasets and compliance paperwork, 容，可實現快速三維礦體建模及智能數據查詢。
delivering rapid 3D orebody modeling and intelligent data queries.
6
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
CHAIRMAN’S STATEMENT
主席報告
Looking ahead, the Group remains committed to executing its 展望未來，本集團將繼續致力實施其多管齊下的
multi-pronged growth strategy. Key operational priorities include 增長策略。主要運營重點包括擴大黃金產能、鞏固
expanding gold production capacity, fortifying resource reserves, and 資源儲量及提升運營效率。關鍵的是，本集團將加
driving operational efficiencies. Crucially, the Group will accelerate 快開發及整合人工智能驅動的採礦技術，以優化
the development and integration of AI-driven mining technologies 地下安全及生產力。在太洲礦業基礎設施升級即
to optimize underground safety and productivity. Backed by the 將投產的支持下，管理層具備充分條件實現長期
upcoming commissioning of the Taizhou Mining infrastructure 資產價值最大化，並為股東創造可持續回報。
upgrades, management is well-positioned to maximize long-term
asset value and deliver sustainable returns for shareholders.
I would like to express my sincere appreciation to our shareholders, 本人謹代表董事會，向全體股東、業務夥伴及員工
business partners and employees for their continued trust and 致以衷心感謝，感謝各方一直以來的信任與支持。
support.
On behalf of the Board 代表董事會
Li Dahong 主席
Chairman 李大宏
Hong Kong, 29 June 2026 香港，二零二六年六月二十九日
7
GT Gold Holdings Limited • Annual Report 2025/2026
大唐黃金控股有限公司 • 二零二五╱二零二六年年報
MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析
BUSIN

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