August 2022, BMI NEWSLETTER, PUBLISHED BY BM INTELLIGENCE GROUP
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HOT NEWS
BMI Korea Co. Ltd has officially opened at BusanIFC on 25 July 2022

 On July 25th, BMI Korea Co., Ltd. officially opened at BusanIFC. More than 60 Korean media reported on that day, as well as YTN TV news.

 

BMI Korea aims to provide overseas financial services for Korean SMEs

 

1. Utilize the connection between banks and the government to provide an amount service platform for overseas companies investing in South Korea, and effective connection with financial service institutions, including establishing funds to find investment projects and financing solutions.

 

2. Utilize Hong Kong's mature financing experience in IPO to provide one-stop financial services for Korean SMEs to develop overseas business. (including Hong Kong, China, Singapore, Japan, the United States, etc.)

 
Congratulations to BMI INNOVATION for being awarded "Caring Company Award 2022"

 The original intention of Caring Company is never changed

Since the establishment of the Hong Kong Council of Social Service in 2002, the "Caring Company" scheme has been promoting cooperation between the business community and social partners, promoting corporate social responsibility, and encouraging businesses and public institutions to care for the community, employees and the environment which is always be regarded as its purpose. Up to now, 4,049 "Caring Company" companies have been recognized in 2022; corporate donations have also remained at about HK$420 million. Even with the impact of the Covid-19, volunteer activities have also maintained more than 160,000 hours of service time.

 

Always be grateful, always act with inspiration

A sudden SARS epidemic in 2002 left a deep imprint on Hong Kong. After 20 years, the Covid-19 once again affected our lives and brought us into a “new normal”. As "A Tale of Two Cities" wrote: "This is the best of times, and it is also the worst of times." Although the epidemic has brought us hard work, it can also make us feel that the society is full of love, not just a cold “steel forest”.

 

We are grateful to Caring Company as a bridge between us, connecting all sectors of society, so that every enterprise can realize its maximum potential, give full play to "1+1 > 2", and spread caring to every corner.

 

BMI INNOVATION will continue supports to the society and sustainable development

The prosperity and development of society is inseparable from the foresight of every guide, and the cooperation and selfless contribution of all sectors of society. Everyone contains infinite energy, from giving care to others — “point”, to connecting partners with same aims into a "line" to exert greater strength, and then to radiating to the whole society —"Face", each part is indispensable to everyone‘s effort.

 

Over the past 20 years, BMI INNOVATION will also review the past and look into the future. It is willing for us to continue adhering to the purpose and concept of "Caring Company" and cooperate with all sectors of the society to implement sustainable development, for the next heartwarming 20 years.

 

 
Caring Company Award 2022 — BMI Appraisals

 BMI Appraisals was delighted to be awarded the “10 Years Plus Caring Company” by The Hong Kong Council of Social Service this year again, in recognition of our efforts in performing corporate social responsibilities and continuous supports to the community and environment.

 

We are dedicated to the development of promoting a caring community and had provided cash donations to various charitable organizations and participated in many social activities in 2021, such as The Community Chest’s Skip Lunch Day & Love Teeth Day, Dress Red For Thalassamia, Retina Hong Kong’s Flag Day Fund Raising Campaign and elderly video visit event with ELCHK, Shatin District Community Centre for the Golden-Aged.

 

In the future, we will continue to support and return to the society and demonstrate our good corporate citizenship.

 

 
邦盟汇骏专业培训中心2小时董事培训和周年会议 ALL in ONE 组合

 

邦盟汇骏专业培训中心回馈客户,推出2小时董事培训和周年会议ALL in ONE 组合抵至港币18,000,超过50个适用于香港交易所最近修订之《企业管治守则》中有关董事培训的要求可供选择,会议地点十分便利,位于湾仔或铜锣湾,场地设备完善,支持在线会议或者电话会议。

 

我们已为超过200家上市公司提供针对性,专业,贴身的董事培训课题。

 

电话: (852) 2593 9653(周小姐)

电邮: registration@bmiptc.com

网址: www.bmiptc.com

UPCOMING EVENTS
Finance Ph.D Degree in Xiamen University,WISE

Overview of Xiamen University:

Xiamen University is a state vice-ministerial level key university and was included in the list of “211 Project” and “985 Project” for the state key construction. It is one of the three earliest universities to develop the post-graduated education.

  • Ranked sixth on China top ten scientific research institute (issued by Nature).
  • Ranked top 20th in the 2017Chinese University Alumni Association university ranking list.
  • Finance, statistic and accounting programmes ranked 1st in China.
  • With over 140 research institutes and more than 38,000 on-campus post-graduate students.

Mode of study: Part-time

Mode of funding: Self-financing

Applicants must:

  Hong Kong, Macao and Taiwan residents; and

  hold a Master’s degree.

Normal study period: 4-8 years

Research directions: Financial econometrics and forecasting, Financial Markets and Investment, Financial and Risk Management, Corporate Finance, Cross-strait financial market research, Macroeconomic analysis and forecasting, Labor economics and human resource management, and Industrial organization.

Tuition: HK$180,000 (RMB 150,000) in three phases

Certificate: Ph.D degree and graduation certificate

The Advantages of WISE Ph.D

  • Complete the entire PhD programme normally in four years .
  • Weekend classes, will NOT affect weekday work.
  • Able to join Xiamen University Hong Kong/Macao/Taiwan Alumni Association to expand the career platform.

For more information, please contact Ms. Chow at (852) 2593 9653 or email registration@bmiptc.com.

 
LATEST SUCCESSFUL PROJECTS
Recently Successful IPO and Public Circular Cases of BMI Appraisals Limited:
Valuation Projects

Company Name: Gemini Investments (Holdings) Limited

Stock code: 174

Circular issue date: 24-01-2022

Project nature:  Property Valuation

Company Name: New Times Energy Corporation Limited

Stock code: 166

Circular issue date: 24-12-2021 

Project nature:  Business Valuation

Company Name: Goal Forward Holdings Limited

Stock code: 1854

Circular issue date: 19-08-2021

Project nature:  Property Valuation

Company Name: China Qinfa Group Limited

GroupStock code: 866

Circular issue date: 30-04-2021

Project nature:  Vessel Valuation

Company Name: GR Properties Limited

GroupStock code: 108

Circular issue date: 26-02-2021

Project nature: Property Valuation

Company Name: Future Data Group Limited

GroupStock code:  8229

Circular issue date: 25-01-2021

Project nature: Property Valuation

PROJECTS RECOMMENDATION
The Companies Ordinance provided for a new inspection regime for personal information on the Companies Register maintained by the Companies Registry (“CR”). Phase 2 is about to begin

From 24 October 2022, correspondence addresses (“CA”) instead of usual residential addresses (“URAs”) of directors and partial identification numbers (“IDNs”) instead of full IDNs of directors, company secretaries and other relevant persons would be made available on the Companies Register maintained by the CR for public inspection.  The URAs and full IDNs (collectively Protected Information”) would only be accessible by “specified persons” upon application.  Similarly, companies may withhold from public inspection the Protected Information on the registers they have kept.  At the same time, a company’s register of directors is required to contain a CA of its director or reserve director who is a natural person (“Specified Director”) and such address must not be a post office box number.  The address of the company’s registered office (“RO”) is to be regarded as the CA of the Specified Director.  Otherwise, the company is required to deliver to the Registrar of Companies a notice in relation to the Specified Director’s CA within 15 days after 24 October 2022.

 Actions required:

 1.      Preparing another set of registers that replaces Protected Information with CA and partial IDNs

 2.     Preparing the prescribed form reporting the Specified Director’s CA (if it is not situated at the company’s RO)

 3.      After 27 December 2023, applying to the CR for the Specified Director and Company Secretary who are natural persons for protecting from public inspection their Protected Information contained in documents registered with the CR before 24 October 2022, and replacing such information with their CA and partial IDNs (if required)

 

NORCOLA COMPANY LIMITED, a member of BM Intelligence Group, provides our clients with a comprehensive range of corporate secretarial services. For more information, please feel free to contact:-

 

Name : Ms. Eva Lam

Tel :   (852) 2159 5003 / (852) 5175 2662

Email : info@norcola.com.hk

 
Amendments to Listing Rules and the Corporate Governance Code effective on 1 January 2022
In November and December 2021, the Stock Exchange published consultation conclusions on the review of the provisions of the Listing Rules and the Corporate Governance Code respectively. The revised Listing Rules and the new Corporate Governance Code (“CG Code”) will come into effect on 1 January 2022, and the requirements under the CG Code will apply to corporate governance reports for financial year commencing on or after 1 January 2022, except otherwise stated in the table below. Issuers should take timely action in compliance with the new requirements:

NEW REQUIREMENTS
IMPLEMENTATION
 
Core Shareholder Protection Standards
The core shareholder protection standards should be set out in the constitutional documents of all issuers (including Hong Kong issuers and PRC issuers) unless the Stock Exchange is satisfied that the domestic laws, rules and regulations to which the issuer is subject provide for the same protection
 
Until their second annual general meeting following 1 Jan 2022 to make any necessary amendments to their constitutional documents to conform to the Core Standards
 
Culture
(1)    Require board to align the company’s culture with its purpose,            values and strategy
(2)    Establish anti-corruption and whistleblowing policies
 
Financial year commencing on or after 1 Jan 2022
Financial year commencing on or after 1 Jan 2022
 
Board independence and refreshment
(1)  Require disclosure of mechanisms to ensure independent views      are  available to the board, and annual review of the implementation and effectiveness of such mechanisms
(2)   Long Serving INED (i.e. INED serving more than nine years):
• additional disclosures on factors considered, process and the board or NC’s discussion in arriving at the determination that the Long Serving INED is still independent and should be re-elected
• appoint new INED if all INEDs on board are Long Serving INEDs
 
• disclose the length of the tenure of the Long Serving INEDs on the board on a named basis in the shareholders’ circular
(3)  No equity-based remuneration with performance-related elements to INEDs
 
Financial year commencing on or after 1 Jan 2022
 
 
Financial year commencing on or after 1 Jan 2022
 
Financial year commencing on or after 1 Jan 2023
Financial year commencing on or after 1 Jan 2022
Financial year commencing on or after 1 Jan 2022
 
Diversity
(1)    No single gender board (with a 3-year transition period for issuers)
 
(2)    Gender diversity targets at board level and across workforce
 
(3)    Review board diversity policy annually
 
(4)    Include directors’ gender information in forms
 
Rule effective from 1 Jan 2022
    appoint at least one director of a different gender no later than 31 December 2024
Financial year commencing on or after 1 Jan 2022
Financial year commencing on or after 1 Jan 2022
Rule effective from 1 Jan 2022
 
Nomination Committee
Chaired by an INED or board chairman and comprising a majority of INEDs
 
Rule effective from 1 Jan 2022
 
Communications with shareholders
Disclose shareholders communication policy and annual review
Financial year commencing on or after 1 Jan 2022
 
Other enhancements
(1)    Disclose directors’ attendance in the poll results announcements
(2)    No longer require NEDs be appointed for specific term
 
Rule effective from 1 Jan 2022
CG Code effective from 1 Jan 2022
 
Timely disclosure of ESG reports
Publish ESG reports at the same time as publication of annual reports
Financial year commencing on or after 1 Jan 2022
 
Re-arrange the CG Code
Re-organise the structure and rename Main Board Listing Rules Appendix 14 / GEM Listing Rules Appendix 15 to “Corporate Governance Code”
 
CG Code effective from 1 Jan 2022
 
BMI Listed Corporate Services Limited provides professional corporate services for listed companies and private companies of different jurisdictions. For more information, please contact:-
Ms. Eva Lam (Director)
Tel:(852) 2159 5003 / (852) 5175 2662
 
Tailor-made corporate training – Directors' Training

BMI Professional Training Centre Limited strives to provide professional, high quality and reliable training courses. Apart from regular courses with fixed schedule and content, we also tailor-made corporate training courses that fulfill unique demands of corporate clients.

Our popular tailor-made directors' training courses covers a comprehensive range of topics related to listing rules, including director responsibility, code on corporate governance, responsibilities of the Board of listed companies and overview of Hong Kong Listing Rules etc. Our courses are recognized by HKEX.

Interested parties or organizations may visit our website: http://www.bmiptc.com

Or contact Ms. Chow at (852) 2593 9653 / meko.chow@bmintelligence.com


 
Economic Conference Room Rental Package

BMI Professional Training Centre is pleased to offer the rental of conference room at a convenience location in Wan Chai. it is suitable for organizing events, such as seminars workshops, training, press conferences.

MORE INFORMATION 

Should you have any enquires, please feel free to contact Ms. Sarah Chan on (852) 2593 9650 or by registration@bmiptc.com

 
Commencement of New Inspection Regime of the Companies Register under the Companies Ordinance (Cap. 622) Enhancing Protection for Personal Information
Pursuant to the relevant provisions of the Companies Ordinance concerning the new inspection regime, correspondence addresses (“CA”) instead of usual residential addresses (“URAs”) of directors and partial identification numbers (“IDNs”) instead of full IDNs of directors, company secretaries and other relevant persons would be made available on the Companies Register (“the Register”) maintained by the Companies Registry (“the Registry”) for public inspection. The URAs and full IDNs (“Protected Information”) would only be accessible by “specified persons” upon application. Similarly, companies may withhold from public inspection the Protected Information on the registers they have kept.
 
The new inspection regime will be implemented in three phases. Details of the phased implementation are as follows:-
 
(a)   Phase 1
From 23 August 2021, companies may withhold from public inspection the URAs of directors and full IDNs of directors and company secretaries as contained in the registers of directors and registers of company secretaries kept by the companies. In such cases, companies are to make available for public inspection on their own registers CA of directors and partial IDNs of directors and company secretaries;
 
(b)   Phase 2
From 24 October 2022, Protected Information on the Index of Directors on the Register will be replaced with CA and partial IDNs for public inspection. Protected Information contained in documents filed for registration after commencement of this phase will not be provided for public inspection. “Specified persons” could apply to the Registry for access to Protected Information of directors and other persons.
 
At the same time, a company’s register of directors is required to contain a CA of its director or reserve director who is a natural person (“Specified Director”) and such address must not be a post office box number. The address of the company’s registered office is to be regarded as the CA of the Specified Director. Otherwise, the company is required to deliver to the Registrar of Companies a notice in relation to the Specified Director’s CA within 15 days after the commencement of Phase 2; and
 
(c)   Phase 3
From 27 December 2023, data subjects could apply to the Registry for protecting from public inspection their Protected Information contained in documents previously registered with the Registry (“Withheld Information”), and replace such information with their CA and partial IDNs. “Specified persons” could apply to the Registry for access to Withheld Information of directors and other persons.
 
The above information is extracted from the website of the Companies Registry.
 
Our services:
1.    Updating register of directors and register of secretaries kept by the Company for public inspection
2.    Providing correspondence address for Specified Director
3.    Preparing and delivering to the Registrar of Companies a notice in relation to the Specified Director’s correspondence address which was not the address of the company’s registered office
4.   Applying to the Registry for protecting from public inspection the Protected Information contained in documents previously registered with the Registry
 
NORCOLA COMPANY LIMITED, a member of BM Intelligence Group, provides our clients with a comprehensive range of corporate secretarial services. For more information, please feel free to contact:-
Name : Ms. Eva Lam
Tel : (852) 2159 5003 / (852) 5175 2662

Published By:

BM Intelligence Group
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E-mail:    info@bmintelligence.com
Website: www.bmintelligence.com

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  • To the best knowledge of BM Intelligence Group, the information contained in this document is accurate at the time of printing.

 

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