FAR EAST CONSORTIUM INTERNATIONAL LIMITED 遠東發展有限公司* （於開曼群島註冊成立之有限公司） 網址：http://www.fecil.com.hk （股份代號：35） 列位股東 台 照 公司秘書 張偉雄 謹 啟 二零二四年十二月二十三日 敬啟者： Far East Consortium International Limited（「本公司」） 2024-25年中期報告（「中期報告」） 我們欣然通知 閣 下，本 公 司 之 中 期 報 告 的 英 文 及 中 文 版 本 現 已 登 載 於 本 公 司 網 站 www.fecil.com.hk （「本公司網站」）及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）網 站 www.hkexnews.hk （「聯交所網站」），以 供 閱 覽。 閣 下 可 於 本 公 司 網 站「投 資 者 關 係」項 下 點擊「財務報告」，或瀏覽聯交所網站以閱覽報告。倘 閣下已選擇收取本公司之公司通訊（定 義見聯交所證券上市規則第1.01條）印刷本，則隨函附上中期報告之印刷本。 儘 管 閣下早前曾向本公司或本公司之股份過戶登記處作 ...

Project Development - West Side Place project in Melbourne has a total development value of approximately HKD 10,500,000,000, offering around 3,000 units with a total saleable floor area of about 2,200,000 square feet[1] - Perth Hub, part of the Perth City Link project, is expected to have a total development value of approximately HKD 848,000,000, providing 314 residential units and around 260 hotel rooms, with all residential units pre-sold by September 30, 2024[3] - The Queen's Wharf Residences project includes 866 residential units with a total saleable floor area of approximately 707,000 square feet and a development value of about HKD 4,900,000,000, with pre-sales valued at approximately HKD 4,700,000,000 as of September 30, 2024[4] - The Hornsey Town Hall redevelopment project will provide 135 residential units and 11 affordable units, with a total saleable floor area of about 114,000 square feet and an expected development value of approximately HKD 122,000,000[7] - The Red Bank Riverside project is expected to deliver 1,551 homes with a total development value of approximately HKD 6,300,000,000, with construction already underway and phased completion expected between FY2028 and FY2030[12] - The MeadowSide project in Manchester is set to include approximately 756 units with a total saleable floor area of about 564,000 square feet, contributing to the company's long-term property portfolio in the UK[13] - Crown View (Block A) includes 275 residential units with a total saleable floor area of approximately 223,000 square feet and an expected development value of about HKD 1,046,000,000, with pre-sales totaling approximately HKD 1,020,000,000 as of September 30, 2024[10] - City View (Block B) consists of 128 affordable housing units sold for approximately GBP 26,000,000, while Park View (Block C) includes 193 residential units with a total development value of about HKD 600,000,000[10] - The expected total development value of active residential property development projects as of September 30, 2024, is approximately HKD 65,900 million[187] - The total expected saleable floor area for the development projects includes 640 Bourke Street in Melbourne with 556,000 square feet and a development value of HKD 4,312 million, expected to complete in FY2025 and FY2029[188] Financial Performance - The group's property development revenue recorded approximately HKD 3,500,000,000, a decrease of 25.8% compared to the first half of the fiscal year 2024[54] - New pre-sales amounted to approximately HKD 3,800,000,000 in the first half of the fiscal year 2025, with significant projects including Red Bank Riverside – Falcon and Kingfisher[55] - The group reported a net loss attributable to shareholders of approximately HKD 770,000,000 for the first half of the fiscal year 2025[75] - Financing costs for the first half of the fiscal year 2025 were approximately HKD 497,000,000[77] - For the first half of the fiscal year 2025, the group's consolidated revenue was approximately HKD 5,200,000,000, a decrease of 18.7% compared to the first half of fiscal year 2024[82] - Adjusted gross profit for the first half of fiscal year 2025 was approximately HKD 1,600,000,000, down from HKD 2,200,000,000 in the same period last year[82] - The hotel business and management revenue for the first half of fiscal year 2025 reached approximately HKD 977,000,000, a slight increase of 1.1% year-on-year[84] - The adjusted gross profit margin for the hotel business decreased from 48.8% in the first half of fiscal year 2024 to 43.5% in the first half of fiscal year 2025 due to rising operating costs[84] - The group recorded an adjusted cash profit of approximately HKD 139,000,000 for the first half of fiscal year 2025 despite several impairment losses[93] - The group reported a total capital commitment of approximately HKD 1,205 million, mainly due to hotel development projects in Australia and the UK[156] Strategic Initiatives - The company continues to explore opportunities to increase building area and enhance development value in response to changing location dynamics[14] - The strategic redevelopment framework for Victoria North has been approved, providing a roadmap for future development projects in the area[8] - The company is expanding its property development and hotel business in key markets including Australia and New Zealand[24] - The company is focused on enhancing its operational efficiency and market reach through strategic partnerships and acquisitions[34] - The group plans to accelerate the completion of landmark projects with an expected total development value of approximately HKD 8,500,000,000, which will enhance cash flow for debt reduction[114] - The group is actively considering the sale of non-core assets, including long-term rental apartments in Shanghai, with plans to sell undeveloped land and develop approximately 1,700 units[114] - The company is in the planning stage for the Perth City Link project, which will include multiple boutique residential units and a mixed-use building with retail, entertainment, commercial, and hotel facilities[173] - The company has established a development agreement for the QWB project with The Star and Chow Tai Fook Group, indicating strategic partnerships for future growth[200] Market Presence - The company has established a strong presence in major cities such as Sydney, Melbourne, and Hong Kong[40] - The group has a diversified residential property development portfolio across Australia, the UK, Hong Kong, Singapore, Malaysia, and mainland China, focusing on the mass residential market[184] - The company holds a 10% interest in the Cuscaden Reserve project in Singapore, which is part of its ongoing development portfolio[161] - The group has established strong local teams in various markets to identify trends and opportunities for property development, enhancing its regional diversification strategy[184] Debt and Liquidity Management - As of September 30, 2024, the adjusted net debt-to-equity ratio was maintained at 68.8%, and the net debt to adjusted total assets ratio was at a solid level of 35.2%[101] - The group received 98.4% approval to partially redeem $360,000,000 of perpetual capital notes, aiming for partial redemption to begin in Q1 2025 while maintaining sustainable debt levels[102] - The adjusted net debt-to-equity ratio remained stable at 68.8% as of September 30, 2024, compared to 68.1% on March 31, 2024[109] - The company's liquidity position as of September 30, 2024, was approximately HKD 4,472,000,000[141] - The company's unutilized bank financing stood at approximately HKD 4,300 million, with HKD 1,400 million allocated for development/construction facilities and HKD 2,900 million for general corporate purposes[145] - The average interest rate on bank loans decreased from 6.74% in the first half of FY2024 to 6.39% in the first half of FY2025[118] Sustainability and Corporate Governance - The company is committed to sustainable practices and has set up an ESG guidance committee to oversee its initiatives[34] - The company continues to maintain a strategy of not hedging interest rates on its outstanding debt, aiming to keep the debt ratio stable and interest expenses manageable[146] - The impact of foreign currency fluctuations on the group's profit attributable to shareholders for the first half of fiscal year 2025 was a total loss of HKD 7 million[149]

EF003 第 2 頁 共 2 頁 v 1.1.1 EF003 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | --- | --- | | | 股票發行人現金股息（可選擇以股份代替）公告 | | 發行人名稱 | Far East Consortium International Limited 遠 東 發 展 有 限 公 司 * | | 股份代號 | 00035 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年九月三十日止六個月之中期股息 (經修訂) | | 公告日期 | 2024年11月29日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 修訂除淨日 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年3月31日 | | 宣派股息的報告期末 | 2024年9月30日 | | ...

第 2 頁 共 2 頁 v 1.1.1 EF003 第 1 頁 共 2 頁 v 1.1.1 | 股份過戶登記處及其地址 | 卓佳證券登記有限公司 | | --- | --- | | 夏慤道16號 | | | | 遠東金融中心17樓 | | 香港 | | | 代扣所得稅信息 | | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告日期，董事會成員包括六名執行董事，分別為丹斯里拿督邱達昌、孔祥達先生、邱達成先生、Craig Grenfell WILLIAMS先 | | | 生、邱詠筠女士及邱詠賢女士；及三名獨立非執行董事，分別為林廣兆先生、林懷漢先生及石禮謙先生。 | | | * 僅供識別 | | EF003 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 ...

Financial Performance - For the six months ending September 30, 2024, the group recorded an adjusted cash profit of approximately HKD 139,000,000 despite some impairment losses and non-cash factors [2]. - Revenue decreased by 18.7% to approximately HKD 5,200,000,000 compared to the same period last year, primarily due to a reduction in residential property development projects [2]. - The group reported a net loss attributable to shareholders of approximately HKD 770 million for the first half of fiscal year 2025, primarily due to reduced revenue and various one-time and non-operating expenses [9]. - The gross profit for the same period was HKD 1,433,675,000, down from HKD 1,974,724,000, indicating a decrease of about 27.5% [19]. - The basic and diluted loss per share for the period was HKD 27.3, compared to earnings of HKD 8.6 per share in the prior year [19]. - The company reported a significant increase in receivables from joint ventures, rising to HKD 2,184,933 from HKD 2,029,315, an increase of about 7.7% [23]. - The company reported a loss attributable to shareholders of HKD 769,907,000 for the six months ended September 30, 2024, compared to a profit of HKD 232,238,000 for the same period in 2023 [68]. Revenue Breakdown - Property development revenue was approximately HKD 3,500,000,000, a decrease of 25.8% compared to the same period last year [5]. - New pre-sales amounted to approximately HKD 3,800,000,000 during the first half of the fiscal year 2025, indicating continued sales capability in a challenging business environment [5]. - Revenue from parking and facility management was approximately HKD 380 million, representing a 6.7% increase compared to the first half of the fiscal year 2024 [7]. - The group's gaming business under Palasino reported a slight increase of 0.9% in revenue to approximately HKD 196 million for the first half of fiscal year 2025, driven by an increase in the number of slot machines and player visits [7]. - Revenue from hotel operations and management reached approximately HKD 977,000,000, a slight increase of 1.1% year-on-year [94]. Asset Management and Liabilities - The group's adjusted net assets increased by 0.4% to approximately HKD 33.67 billion as of September 30, 2024, due to favorable foreign exchange effects from overseas operations [9]. - The adjusted net asset liability ratio remained stable at 68.8% as of September 30, 2024, indicating prudent capital management [9]. - The company's total liabilities decreased to HKD 16,155,459 from HKD 16,238,223, indicating a reduction of about 0.5% [25]. - The company reported a total interest cost of HKD 496,598,000 after capitalizing amounts, compared to HKD 514,568,000 in the previous year, indicating a decrease of 3.4% [58]. - The company maintained unutilized bank financing of about HKD 4,300 million, with HKD 1,400 million allocated for development/construction and HKD 2,900 million for general corporate purposes [117]. Project Development and Future Plans - The group is accelerating project completions, with significant projects expected to be completed in the second half of fiscal year 2025 [5]. - The group anticipates substantial revenue and cash flow from the completion of the Queen's Wharf Brisbane project in fiscal year 2026 [5]. - The expected total development value of active residential property projects across different regions is approximately HKD 65,900,000,000 as of September 30, 2024 [141]. - Upcoming development projects include Manchester's Red Bank Riverside and Melbourne's 640 Bourke Street, with an expected total development value of approximately HKD 8,100 million [111]. - The group plans to divest non-core assets and businesses to repay bank loans and invest in higher-return projects, considering the sale of a long-term apartment development project in Baoshan, Shanghai, within two years [7]. Dividend and Shareholder Returns - The interim dividend declared is HKD 0.01 per share, down from HKD 0.04 per share in the previous period [15]. - The interim dividend will be paid on January 2, 2025, to shareholders listed on the register as of December 30, 2024 [17]. - The company has approved a mid-term dividend of HKD 0.01 per share, amounting to approximately HKD 30,349,000, down from HKD 108,236,000 in the previous year [71]. Market and Operational Insights - The group established a partnership in March 2024 to acquire a hotel in Singapore, rebranding it as the Singapore Changi Hotel, which offers 313 rooms and is located 10 minutes from Changi Airport [7]. - The Hong Kong Kai Tak Hotel commenced trial operations on September 26, 2024, with 373 rooms, enhancing the group's market coverage [5]. - The company continues to adopt a proactive strategy in managing its investments and ensuring stable debt ratios and interest expenses [118]. - The group has not identified any single customer contributing over 10% to total revenue, indicating a diversified customer base [47].

360,000,000美元優先擔保永續資本票據 (股 份 代 號：5781) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 FAR EAST CONSORTIUM INTERNATIONAL LIMITED 遠東發展有限公司* （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） 網 址：http://www.fecil.com.hk （股 份 代 號：35） (i) 經調整淨資產負債比率（非 公 認 會 計 原 則 財 務 計 量）指債務淨額（銀 行 貸 款、票 據 及 債 券 總 額 減 去 投 資 證 券、有 限 制 銀 行 存 款、金 融 機 構 存 款、銀 行 結 餘 及 現 金）與經調整權益總額 （包 括 本 公 司 間 接 全 資 附 屬 公 司FEC Finance Limited於 二 零 一 九 年 九 月 十 二 日、二 零 一 九 年 九月十六日及二零二零年二月二 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 FAR EAST CONSORTIUM INTERNATIONAL LIMITED 遠東發展有限公司* （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） 網 址：http://www.fecil.com.hk （股 份 代 號：35） 盈利警告 本公告由Far East Consortium International Limited（「本公司」，連 同 其 附 屬 公 司 統 稱 「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條 及香港法例第571章證券及期貨條例第XIVA部之內幕消息條文（定 義 見 上 市 規 則）刊 發。 * 僅供識別 – 1 – 本公司仍在落實本集團截至二零二四年九月三十日止六個月之未經審核中期 業 績。本 公 告 所 載 資 料 乃 根 據 董 事 會 目 前 可 得 資 料 作 ...

（於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） 網址： http://www.fecil.com.hk （股份代號：35） 董事會召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任 。 FAR EAST CONSORTIUM INTERNATIONAL LIMITED 遠 東 發 展 有 限 公 司 * 承董事會命 Far East Consortium International Limited 公司 秘 書 張偉雄 香港，二零二四年十一月十八日 於本公告日期，董事會成員包括六名執行董事，分別為丹斯里拿督邱達昌 、 孔祥達先生、邱達成先生、 C r a i g G r e n f e l l W I L L I A M S 先生、邱詠筠女士 及邱詠賢女士；及三名獨立非執行董事，分別為林廣兆先生、林懷漢先生 及石禮謙先生。 * 僅供識別 - 1 - Far East Consortium International Limited ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Far East Consortium International Limited 遠東發展有限公司* 呈交日期： 2024年10月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00035 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變 ...

Summary of Conference Call Transcript Company or Industry Involved - The discussion revolves around a company that is focused on maintaining long-term stable dividends while addressing current pricing concerns. Core Points and Arguments - The company emphasizes the importance of supporting future long-term stable dividends, indicating a commitment to shareholder returns despite market fluctuations [1] - There is a concern regarding the recent decline in pricing, which may impact the overall investment amount, suggesting that the anticipated investment may not be as significant as initially thought [1] Other Important but Possibly Overlooked Content - The dialogue hints at a strategic evaluation of investment levels in light of current market conditions, which could influence future financial planning and dividend policies [1]