The posts below are doing such a terrible job of whitewashing things.
HR, could you please do better?
The division of responsibilities within the organization is bizarre—it is unequivocally a company run by personal whims.
Things can be turned upside down over a single person's remark.
Year-end banquet? Not only is it not held every year, it is also held under the name of an annual meeting, and only those at director level or above can attend.
As for the spring banquet, there's no need to mention it—of course, there isn't one.
Just look at Wang Steak next door, will you?