billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: The arrangement between the Group and any of these exhibition organisers which act as the Group’s overseas sales agents is that for each exhibition organised by the Group, a discount, expressed in terms of certain percentage of the standard booth rental price, would be given to each overseas sales agents.

assistant: 本集團及該等出任本集團海外銷售代理的參展商之安排爲，各海外銷售代理就本集團所籌辦展覽之標準攤位租金獲得若干百分比折扣優惠，彼等可於其本區招攬參展商，透過定價高於上述折扣價賺取差額爲其銷售佣金。
user: Please translate the following sentence from English to Chinese: Furthermore, our product design teams conduct thorough market research and incorporate some of the latest global fashion trends, fabric and pattern technologies and consumer preferences into our products.

assistant: 此外，本集團的產品設計團隊進行透徹的市場研究，把一些國際最新時尚趨勢、面料及印花技術與消費者偏好融入本集團的產品。
user: Please translate the following sentence from English to Chinese: 27. ACQUISITION OF ASSETS THROUGH ACQUISITION OF A SUBSIDIARY In May 2008, Jia Ertong acquired the following assets and liabilities through acquisition of a subsidiary, Huatailong at a consideration of approximately RMB16,971,000 (US$2,424,372).

assistant: 27. 透過收購附屬公司收購資產 於2008年5月，嘉爾通透過以約人民幣16,971,000元（2,424,372美元）的代價收購一間附屬公司華泰龍收購以下資產及負債。
user: Please translate the following sentence from English to Chinese: (i) The bank borrowings were secured by certain buildings and facilities (Note 7) and land use rights (Note 8) of subsidiaries of the Group.

assistant: (i) 該銀行借款以　貴集團附屬公司的若干樓宇及設施（附註7）以及土地使用權（附註 8）作抵押。
user: Please translate the following sentence from English to Chinese: For financial instruments where there is no active market, fair value is determined using valuation techniques.

assistant: 對於沒有活躍市場的金融工具，公允價值是運用估值方法釐定。
user: Please translate the following sentence from English to Chinese: (i) the Listing Committee granting the listing of, and permission to deal in, the Shares in issue and to be issued as mentioned in this prospectus, including any Shares which may fall to be allotted and issued pursuant to the Loan Capitalisation Issue, the Capitalisation Issue and upon the exercise of the Over-allotment Option and options which may be granted under the Share Option Scheme, and such listing and permission not subsequently being revoked prior to the Listing;

assistant: (i) 上市委員會批准如本招股章程所述的已發行及將予發行股份（包括因貸款資本化發行、資本化發行及行使超額配股權及購股權項下可能授出的購股權而可能配發及發行的任何額外股份）上市及買賣，而於上市前並無撤回有關上市及批准；
user: Please translate the following sentence from English to Chinese: Silk Plant ( ) in September 1996 and was later promoted as an administrator of the human resources and accounts department.

assistant: 彼於一九九六年九月加入無錫市德生綢廠，其後晉升爲人力資源部及會計部主管。
user: Please translate the following sentence from English to Chinese: (a) an order regulating the conduct of the company’s affairs in the future;

assistant: (a)規管日後公司事務的處理的命令；
user: Please translate the following sentence from English to Chinese: Cost of titanium alloy materials as a percentage of total material costs decreased from 68.0% in the six months ended June 30, 2012 to 35.0% in the same period in 2013, primarily due to our sale of joint products as a result of our acquisition of Bone Medical in January 2013.

assistant: 鈦合金的成本佔總物料成本的百分比由截至二零一二年六月三十日止六個月的 68.0 % 下降至二零一三年同期的 35.0 % ，乃主要由於我們因在二零一三年一月收購博恩醫療而銷售關節產品所致。
user: Please translate the following sentence from English to Chinese: Effective from 16th November, 1999, Fuqing Pharmaceutical was changed from a domestic enterprise to a wholly-foreign owned enterprise and its registered capital was increased to RMB21,000,000.

assistant: 從一九九九年十一月十六日起，福清藥業由一家國內企業轉變爲一家外商獨資企業，其註冊資本增至人民幣 21,000,000元。
user: Please translate the following sentence from English to Chinese: Turnover Cost of sales

assistant: 經營溢利融資成本
user: Please translate the following sentence from English to Chinese: Salaries, allowances and benefits in kind HK$

assistant: 薪金、津貼及實物利益 港元
user: Please translate the following sentence from English to Chinese: We did not obtain the final inspection approval from the Environmental Protection Commission of Changde* (常德市環境保護局) regarding the completion of the construction of our Health Breeding Farm before the commencement of its operation until 27 August 2013. Pursuant to the Management Regulations of Environmental Protection of Construction Projects* (建設項目環境保護管理條例), the operation of our Health Breeding Farm may be suspended and a fine of not exceeding RMB100,000 may be imposed.

assistant: 在健康養殖場投入營運前並直至二零一三年八月二十七日，我們並無就其建設竣工取得鼎城區環境保護局的最終驗收合格批文。 根據建設項目環境保護管理條例，健康養殖場的營運或會遭暫停，亦可能須繳交不超過人民幣 100,000 元的罰款。
user: Please translate the following sentence from English to Chinese: Administration and finance\n

assistant: 行政及財務\n
user: Please translate the following sentence from English to Chinese: We believe that the main entry barriers for new entrants to the electrical distribution equipment market in China are as follows:

assistant: 我們相信就新進入中國配電設備市場之企業主要有以下若干准入門檻：
user: Please translate the following sentence from English to Chinese: For imported software products which has been developed and manufactured locally and registered under the Software Products Management Rules, such imported software products (only to such extent as they are developed in the PRC) may also enjoy the preferential treatment under Certain Policies Encouraging Development of Software Enterprise and Electronic Integration System Enterprise.

assistant: 於本地開發及製造並根據《軟件產品管理辦法》登記的進口軟件產品，該等進口軟件產品 (僅限於中國開發者 )亦可根據《鼓勵軟件產業和集成電路產業發展的若干政策》享有優先待遇。
user: Please translate the following sentence from English to Chinese: Guangzhou Global Link is entitled to a 14% tax refund after paying a 17% value-added tax (VAT) in the PRC for all its registered software products.

assistant: 廣州國聯通信爲其所有登記軟件產品繳付 17%之中國增值稅（「增值稅」）後，有權享有 14%之退稅。
user: Please translate the following sentence from English to Chinese: In May 2008, we amended the agreement with the Bank of China to eliminate the need for the additional 16% in pledge of restricted cash.

assistant: 於二零零八年五月，本公司與中國銀行修訂協議以取消額外抵押 16% 作受限制現金的規定。
user: Please translate the following sentence from English to Chinese: Nature of entity

assistant: 實體性質
user: Please translate the following sentence from English to Chinese: Derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognised when:

assistant: 終止確認金融資產 金融資產（或一項金融資產的一部份或一組同類金融資產的一部份（倘適用））在下列情況下將終止確認：
user: Please translate the following sentence from English to Chinese: (c) Beijing Huiyuan Beverage;

assistant: (c) 北京匯源飲料；
user: Please translate the following sentence from English to Chinese: 1 August 2014

assistant: 二零一四年八月一日二零二九年十二月三日
user: Please translate the following sentence from English to Chinese: Average annual temperature is -4.6°C. The mean monthly temperature in January is -32.8°C. According to the 2002 Census, the total population of the Amur Region is approximately 900,000 of which some 219,000 reside in the regional capital of Blagoveshchensk.

assistant: 一月的月平均氣溫爲零下32.8°C 。 根據二零零二年的人口統計，Amur地區總人口約 900,000 人，其中約 219,000 人居住於 Blagoveschensk 區首府。
user: Please translate the following sentence from English to Chinese: This project was completed in 1996.

assistant: 該項目於一九九六年落成。
user: Please translate the following sentence from English to Chinese: Total non-current liabilities .

assistant: 非流動負債合計 .
user: Please translate the following sentence from English to Chinese: General and administrative expenses .

assistant: 一般及行政支出 .
user: Please translate the following sentence from English to Chinese: Such personnel include any who undertake obligations, directly or indirectly, from acquiring the Shares, and (ii) Our Company or any of our subsidiaries shall not provide personnel mentioned in the preceding paragraph with financial aid at any time or in any manner to mitigate or exempt the obligations of the above personnel.

assistant: 該等人士包括因購買本公司股份而直接或間接承擔義務的任何人士； 及 (ii) 本公司或其任何附屬公司均不得在任何時間或以任何方式向上段所述人士提供財務資助，以減少或免除上述人士的義務。
user: Please translate the following sentence from English to Chinese: In addition, we conduct currency exchange services between Renminbi and foreign currencies, and we trade, on behalf of our customers, spot and forward foreign currency contracts and other financial derivatives.

assistant: 此外，本行也從事人民幣與外幣的匯兌服務，而且本行代表客戶簽訂即期和遠期外匯合約以及進行其他的金融衍生產品交易。
user: Please translate the following sentence from English to Chinese: The Group has set up a research and development committee, comprising representatives of both the Group and PolyU.

assistant: 本集團已成立研究及開發委員會，成員包括本公司及理工大學之代表。
user: Please translate the following sentence from English to Chinese: Resource Recovery:

assistant: 資源回收：
user: Please translate the following sentence from English to Chinese: The Network Access Licence granted is generally valid for a term of three years and the Company is required to apply for renewal of the respective Network Access Licences as and when they are expired.

assistant: 授出的進網許可證一般有效期爲3年，於其屆滿時，本公司須申請辦理相應進網許可證的續期。
user: Please translate the following sentence from English to Chinese: (ii) the expiry of the periods referred to in paragraphs (j), (k) (n), (o) and (p); APPENDIX IV

assistant: (ii) 第(j)、(k)、(n)、(o)及(p)段所述期限屆滿時； 附錄四
user: Please translate the following sentence from English to Chinese: During the Reporting Period, our Group continued to meet the GDS bookings percentage and yearly minimum segments imposed under the relevant GDS agreement and hence was not required to pay any compensation for any shortfall.

assistant: 於往績記錄期內，本集團持續達到相關全球經銷系統協議規定的全球經銷系統預定百分比及年度最低部分，因此毋須就任何不足額而繳付任何補償。
user: Please translate the following sentence from English to Chinese: and (c) any preliminary announcement of profits or losses for any year, half year or other period.

assistant: 及 (c) 任何年度、半年度或其他期間的溢利或虧損的任何初步公告。
user: Please translate the following sentence from English to Chinese: We regularly evaluate the performance of our subcontractors and our approved list of subcontractors will be reviewed and updated regularly.

assistant: 我們定期評估分包商的表現及我們的認可分包商名單將會定期檢討及更新。
user: Please translate the following sentence from English to Chinese: There is no assurance that the Company will proceed with any offering;

assistant: 本公司最終會否進行發售仍屬未知之數；
user: Please translate the following sentence from English to Chinese: 21.8.1 Environment Environment protection is being taken seriously by the management at the Jiama Project, who are complying with Chinese requirements to achieve a responsible standard of environmental protection.

assistant: 21.8.1 環境保護 甲瑪項目的管理層極爲注重環境保護事項，管理層遵守中國的規例，以達到履行環境保護責任的標準。
user: Please translate the following sentence from English to Chinese: Furthermore, we were not aware of any significant competitors having entered into the market due to the high entry barriers of our business.

assistant: 此外，由於本集團從事業務的入行門檻較高，本集團並無察覺到任何值得注意的競爭者加入市場。
user: Please translate the following sentence from English to Chinese: The Group accounts for these benefits using the accounting basis similar to a defined benefit plan.

assistant: 貴集團採用與界定福利計劃相似的會計方法列賬該等福利。
user: Please translate the following sentence from English to Chinese: Such transactions, if commenced, may be discontinued at any time.

assistant: 該等交易一經開始，亦可隨時終止。
user: Please translate the following sentence from English to Chinese: Under the terms of the Trust Deed, the Trust is restricted from holding investments which would result in the value of the Trust's holding of securities (which are not Government or Other Public Securities) of the same issue exceeding 10% of the Trust's total NAV.

assistant: 根據信託契約的條款，信託持有一種發行類別的證券（並非政府或其他公共證券）不得超過信託總資產淨值的 10%。
user: Please translate the following sentence from English to Chinese: INDUSTRY OVERVIEW The market for traditional toys is divided into a number of categories including action figures and accessories, arts and crafts, building sets, dolls, games/puzzles, infant/preschool, youth electronics, outdoor and sports toys, plush, vehicles and other miscellaneous toys.

assistant: 行業概覽 傳統玩具市場劃分爲多個種類，如動作人物模型及配件、手工藝品、建築組合玩具、娃娃、遊戲╱智力遊戲、嬰兒╱學前兒童玩具、青少年電子產品、戶外及運動用玩具、毛絨玩具、模型車及其他各種玩具。
user: Please translate the following sentence from English to Chinese: Such collateral will be enforceable by the Company at all times and will be marked to market on a daily basis.

assistant: 該抵押品可由本公司於任何時候執行，並每日按市價計值。
user: Please translate the following sentence from English to Chinese: Appropriation to statutory reserves . 23 Transactions with owners Issuance of ordinary shares.

assistant: 提取法定儲備 . 23 與所有者交易發行普通股 .
user: Please translate the following sentence from English to Chinese: (1) before the publication of any regulatory announcement, circular or financial report;

assistant: (1) 任何法定公佈、通函或財務報告刊發前；
user: Please translate the following sentence from English to Chinese: Turnover derived from EDS Solutions represents the major source of our turnover during the three years ended 31 December 2009 and increased from RMB254.7 million for the year ended 31 December 2007 to RMB258.9 million for the year ended 31 December 2009.

assistant: EDS 方案的營業額於截至二零零九年十二月三十一日止三個年度爲我們營業額的主要來源，由截至二零零七年十二月三十一日止年度之人民幣254,700,000元增加至截至二零零九年十二月三十一日止年度之人民幣258,900,000元。
user: Please translate the following sentence from English to Chinese: (i) giving electronic application instructions to HKSCC via CCASS (if you are a CCASS Participant);

assistant: (i) 透過中央結算系統向香港結算發出電子認購指示（倘閣下是中央結算系統參與者）；
user: Please translate the following sentence from English to Chinese: Capitalisation of borrowing costs may continue until the assets are substantially ready for their intended use.

assistant: 當進行準備資產的活動及產生借貸成本開支時開始將借貸成本資本化，直至該資產基本達到可使用狀態爲止。
user: Please translate the following sentence from English to Chinese: Ms. Yim Sau Ping（嚴秀屏）(HKICPA) 2/F, 596 Wonderland Tai Po Tau, Tai Wo New Territories Hong Kong

assistant: 嚴秀屏女士(HKICPA) 香港新界太和大埔頭華樂豪庭596號2樓
user: Please translate the following sentence from English to Chinese: We had a 50 tpd ore processing facility located at the Shirengou Gold Mine, which was constructed prior to our acquisition of Shirengou Mining.

assistant: 我們位於石人溝金礦日產 50 噸的選礦設施乃在我們收購石人溝金礦前建造。
user: Please translate the following sentence from English to Chinese: This column is intended to illustrate the number of Shares under the options after the adjustment has been made.

assistant: 本欄旨在說明作出調整後購股權項下的股份數目。
user: Please translate the following sentence from English to Chinese: Distribution of World Seaborne Trade in Iron Ore, Coal and Grain (Imports Only)1

assistant: 全球鐵礦石、煤及穀物海運貿易額（僅包括進口）分佈如下 1
user: Please translate the following sentence from English to Chinese: current portion of non-current borrowings .

assistant: 非即期借款的即期部分 .
user: Please translate the following sentence from English to Chinese: The recent economic turmoil during the second half of the financial year ended 31 December 2008 which can be reflected by the credit tightening, the increased unemployment rate and the liquidity problems of financial institutions, have adversely affected the U.S. and the world economies.

assistant: 截至2008年12月31日止財政年度下半年的經濟不景氣導致信貸緊縮、失業率上升及金融機構出現流動資金問題，打擊了美國及全球經濟。
user: Please translate the following sentence from English to Chinese: In addition, we have entered into certain transactions with MGM Resorts International, Pansy Ho and their respective associates, particularly with respect to marketing, corporate support and branding and development services.

assistant: 此外，我們已與美高梅國際酒店集團、何超瓊及其各自的聯營公司訂立若干交易（尤其於市場推廣、企業支持及品牌與發展服務方面）。
user: Please translate the following sentence from English to Chinese: Ultimate beneficial owner of the shareholders in Cyber Systems

assistant: Cyber Systems股東之最終實益擁有人
user: Please translate the following sentence from English to Chinese: Staff costs included in exploration and evaluation expenditure .

assistant: 列入勘探及評估開支的員工成本.
user: Please translate the following sentence from English to Chinese: We have our own investment committee which assesses business opportunities and makes investment decisions.

assistant: 本集團擁有本身的投資委員會，該委員會負責評估商機並作出投資決策。
user: Please translate the following sentence from English to Chinese: (a) Prior to the incorporation of the Company, the following transactions relating to the shareholding of the Listing Business took place:

assistant: (a) 於貴公司註冊成立前，已進行以下有關上市業務控股的交易：
user: Please translate the following sentence from English to Chinese: The project is developed by Hejing Real Estate Co, our wholly owned subsidiary. We hold a 100% interest in the project.

assistant: 本項目由本集團的全資子公司合景房地產公司開發，本集團持有該項目100% 權益。
user: Please translate the following sentence from English to Chinese: No provision has been made with respect to these liabilities.

assistant: 我們並未就該等負債作出撥備。
user: Please translate the following sentence from English to Chinese: (c) Compensation of key management personnel of the Group:

assistant: (c) 貴集團主要管理人員薪酬：
user: Please translate the following sentence from English to Chinese: Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market.

assistant: 貸款及應收款項 貸款及應收款項爲具有於活躍市場並無報價的固定或可釐定付款的非衍生財務資產。
user: Please translate the following sentence from English to Chinese: The Directors estimate that the depreciation charges over the Temporary Structures for the three years ending 31 March 2011, 2012 and 2013 will be approximately HK$4.1 million, HK$5.5 million and HK$0.9 million respectively.

assistant: 據董事估計，截至二零一一年、二零一二年及二零一三年三月三十一日止三年，臨時性建築折舊開支分別爲4,100,000港元、5,500,000港元及900,000港元。
user: Please translate the following sentence from English to Chinese: In August 2007, the Group successfully applied for and received subsidy from the Department of Science and Technology of Fujian Province (福建省科學技術廳) for the Group’s environmentally friendly hog farming facilities and method.

assistant: 於 2007 年 8 月，本集團成功就本集團的環保生豬養殖設施及方法申請及取得福建省科學技術廳的補助金。
user: Please translate the following sentence from English to Chinese: On June 20, 1996, the PBOC promulgated the ‘‘Regulations for Administration of Settlement, Sale and Payment of Foreign Exchange’’ (the ‘‘Settlement Regulations’’) which became effective on July 1, 1996.

assistant: 1996 年 6 月 20 日，中國人民銀行頒佈《結匯、售匯及付匯管理規定》（《結匯規定》），並於 1996 年 7 月 1 日起生效。
user: Please translate the following sentence from English to Chinese: Operating profit and operating margin.

assistant: 經營溢利及經營溢利率。
user: Please translate the following sentence from English to Chinese: The audit committee has three members comprising Messrs. Liu Kwong Sang, Chan Chi Tong and Pun Wai, further details of whom can be found in the section above.

assistant: 該審覈委員會由廖廣生先生、陳子堂先生及潘偉先生三名成員組成，有關他們的其他資料已載於上文。
user: Please translate the following sentence from English to Chinese: (a) Subsidiaries Subsidiaries are all entities (including special purpose entities) over which the Group has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights.

assistant: (a) 附屬公司 附屬公司乃指貴集團有權監控其財務及營運政策且一般擁有其半數以上投票權的所有實體（包括特別用途實體）。
user: Please translate the following sentence from English to Chinese: These sales teams typically are located near such OEM customers’ facilities and continually market, promote and provide after-sales services for our products on-site.

assistant: 該等銷售團隊一般駐留於OEM客戶工廠附近，實地持續地銷售、推廣我們的產品，並提供售後服務。
user: Please translate the following sentence from English to Chinese: Net foreign exchange gain

assistant: 外匯收益淨額
user: Please translate the following sentence from English to Chinese: Such start-up investments include:

assistant: 相關開辦投資包括：
user: Please translate the following sentence from English to Chinese: Mr. Wong Ka Ming and Mr. Hung Kwok Wing Mr. Wong and Mr. Hung have, respectively, 20 years and 12 years of experience in corporate finance with local banks and securities business in Hong Kong, and have been employed by Yorkshire Capital Limited, which provides business consultancy and accounting services to its clients, to provide directions and guidelines in restructuring the Group in the preparation of a possible listing of shares since the beginning of 2001 until mid 2002.

assistant: 黃家明先生及洪國榮先生 黃先生及洪先生分別在香港之本地銀行及證券業務之企業融資方面積累了二十年及十二年經驗，並受聘於Yorkshire Capital Limited，該公司爲客戶提供業務顧問及會計服務，並負責本集團籌備可能將股份上市而進行重組之方針及提供指引，由二零零一年初起至二零零二年中爲止。
user: Please translate the following sentence from English to Chinese: Due to the inherent characteristics of the Hong Kong central clearing and settlement system (“CCASS”), our Company is not able to ascertain the identity, and consequently the tax residence, of the beneficial owners of our Shares who hold their investments in CCASS.

assistant: 由於香港中央結算及交收系統（「中央結算系統」）的固有特色，本公司無法確定在中央結算系統內持有本公司股份實際權益的擁有人的身份以至其稅務居所。
user: Please translate the following sentence from English to Chinese: (c) Each grant of options to a Director, Chief Executive or Substantial Shareholder or any of their respective associates must be approved in accordance with the requirements of the Listing Rules.

assistant: (c) 向董事、行政總裁或主要股東或彼等各自的任何聯繫人授出購股權必須根據上市規則的規定獲得批准。
user: Please translate the following sentence from English to Chinese: enhancement of information technology systems;

assistant: 改進資訊科技系統；
user: Please translate the following sentence from English to Chinese: Mr. Yamamoto has not entered into any agreement or letter of intent with the Company whereby he is obliged to help the Group to expand its distribution network in Japan.

assistant: 山本先生並無與本公司訂立任何據此須協助本集團於日本市場拓展分銷網絡之協議或意向書。
user: Please translate the following sentence from English to Chinese: Dispute resolution Disputes arising out of the joint venture contract or its implementation shall first be resolved through friendly negotiations and consultation between the parties and, failing such resolution, the parties shall submit the dispute for arbitration to the China International Economic and Trade Arbitration Committee whose decision shall be final, conclusive and binding upon the parties.

assistant: 解決糾紛 因合營合同或實行合營合同而產生的糾紛須先通過雙方友好磋商解決，如未能解決，雙方必須將糾紛交由中國國際經濟及貿易仲裁委員會仲裁，而中國國際經濟及貿易仲裁委員會的裁定將爲最終裁定且對雙方具約束力。
user: Please translate the following sentence from English to Chinese: Our prepayments to our suppliers increased from RMB1.3 million as of December 31, 2010 to RMB3.1 million as of December 31, 2011, primarily due to our ramped up production to meet increasing demands for our products which led to increased prepayments to secure supplies.

assistant: 我們向供應商支付的預付款項由2010年12月31日的人民幣1.3百萬元增至2011年12月31日的人民幣3.1百萬元，主要是由於爲滿足我們產品不斷增長的需求而提高產量，導致爲保障供應而增加預付款項。
user: Please translate the following sentence from English to Chinese: Net book value of property, plant and equipment sold to related parties Beijing Huiyuan Beverage & Food Group Co., Ltd. .

assistant: 向關聯人士出售的物業、　廠房及設備的賬面淨值北京匯源飲料食品集團　有限公司 .
user: Please translate the following sentence from English to Chinese: We are able to use our working capital and other resources more efficiently, maintain a healthy profit margin and respond more effectively to changing market conditions.

assistant: 我們可更高效地運用營運資金及其他資源，維持穩健利潤率及更有效應對不斷變化的市況。
user: Please translate the following sentence from English to Chinese: 8. Scope of business

assistant: 8. 業務範圍
user: Please translate the following sentence from English to Chinese: Cash and cash equivalents at the end   of the year

assistant: 年末的現金及現金等值項目
user: Please translate the following sentence from English to Chinese: The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised, based on tax rate (and tax laws) that have been enacted or substantively enacted by the end of each reporting period.

assistant: 遞延稅項資產的賬面值於各報告期間期末作出檢討，並在不再可能有足夠應課稅溢利恢復全部或部份資產價值時作調減。 遞延稅項資產及負債乃以預期於償付負債或變現資產的期間應用的稅率，根據於各報告期間期末已頒佈或實質上已頒佈的稅項（及稅法）計算。
user: Please translate the following sentence from English to Chinese: This project was developed by Guangzhou Hongtai.

assistant: 該項目由廣州宏泰開發。