Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 232 For the year ended 31 December 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 28. SUBSIDIARIES Details of the Council’s subsidiaries at 31 December 2024 and 2023 are as follows: Name of subsidiaries Place of incorporation Effective interest held by the Council Principal activities 2024 2023 Directly Directly % % Zero Carbon Building (Note (a)) Hong Kong 100 100 Operating and managing CIC Zero Carbon Park Hong Kong Institute of Construction (Note (b)) Hong Kong 100 100 Provision of training courses for the construction industry Construction Sector Imported Labour Quarters Limited Hong Kong 100 100 Operating and managing construction sector imported labour quarters Notes: (a) As at 31 December 2024, the capital fund of this subsidiary amounting to HK$245,088,767 (2023: HK$226,496,415) representing the accumulated contributions from the Council. (b) As at 31 December 2024, the capital fund of this subsidiary amounting to HK$3,470,978,499 (2023: HK$2,744,766,380) representing the accumulated contributions from the Council.