Core Viewpoint - The company, Far East Consortium International Limited, has entered into a conditional sale agreement to sell 50% of its shares in two subsidiaries, RC Perth Operations Pty Ltd and Perth FEC Pty Ltd, for a total consideration of AUD 100 million [1][2]. Group 1: Transaction Details - The sale agreement involves the seller's wholly-owned subsidiaries, FEC Holdings and FEC Hotel, and the buyer, The Generation Essentials Group [1]. - The transaction is subject to the terms and conditions outlined in the sale agreement [1]. - The target group includes an operating company, a property company, and an RC operating company, all registered in Australia [2]. Group 2: Company Operations - The operating company primarily engages in investment holding, while the property company focuses on property investment [2]. - The RC operating company is involved in hotel operations [2]. Group 3: Strategic Implications - The board believes the transaction will realize the value of the hotel, enable the reinvestment of proceeds, and enhance the group's liquidity while reducing the net asset liability ratio [2]. - The transaction aligns with the group's strategy to release development profits from its hotel portfolio and divest non-core assets [2].

Core Viewpoint - Far East Consortium (00035) has announced a conditional sale agreement to sell 50% of the shares in its operating company RC Perth Operations Pty Ltd and property company Perth FEC Pty Ltd to The Generation Essentials Group for a total consideration of AUD 100 million (approximately HKD 515 million) [1][2] Group 1: Transaction Details - The transaction involves the sale of shares in both the operating company and the property company, along with the assignment of sales loans [1] - The operating company is registered in Australia and is a wholly-owned subsidiary of FEC Hotel, primarily engaged in investment holding [1] - The property company is also registered in Australia and is a wholly-owned subsidiary of FEC Holdings, focusing on property investment [1] - The hotel involved in the transaction is the Ritz-Carlton located at 1 Barrack St, Perth WA 6000, Australia [1] Group 2: Strategic Implications - The board believes the transaction will realize the value of the hotel, allowing for the proceeds to be reinvested and increasing the group's liquidity while reducing the net asset liability ratio [2] - The transaction aligns with the group's strategy to release profits from its hotel portfolio and divest non-core assets [2]

Group 1 - The company announced a conditional sale agreement with The Generation Essentials Group for the sale of 50% of shares in two subsidiaries, RC Perth Operations Pty Ltd and Perth FEC Pty Ltd, for a total consideration of AUD 100 million (approximately HKD 515 million) [1] - The subsidiaries involved include an operational company primarily engaged in investment holding and a property company focused on property investment, both of which are wholly owned by the company [1] - The hotel in question is the Ritz-Carlton located at 1 Barrack St, Perth WA 6000, Australia [1] Group 2 - The board believes that the transaction will realize the value of the hotel, enable the reinvestment of proceeds, increase liquidity, and reduce the company's net asset liability ratio [2] - The transaction aligns with the company's strategy to release profits from its hotel portfolio and divest non-core assets [2]

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） 涉及澳洲珀斯麗思卡爾頓酒店之 須予披露交易 交 易 董 事 會 謹 此 宣 佈，於 二 零 二 五 年 十 二 月 八 日，賣 方 與 買 方 訂 立 買 賣 協 議， 據 此，賣 方 有 條 件 同 意 出 售 而 買 方 有 條 件 同 意 購 買 銷 售 股 份 及 承 讓 銷 售 貸 款，總 代 價 為100,000,000澳 元（相 當 於 約 港 幣515,000,000元），惟 須 受 買 賣 協 議 之 條 款 及 條 件 所 規 限。 上市規則之涵義 由於交易之一項或多項適用百分比率超過5 ...

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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） 更改註冊辦事處地址 Far East Consortium International Limited （ 「 本公司 」 ） 之 董 事 會 （ 「 董事會 」 ） 謹此宣佈， 自二零二 五 年十一月 三 日起，本公司於 開 曼 群 島 之 註 冊 辦 事 處 地 址 已 更 改 為 JTC (Cayman) Limited, P.O. Box 30745, 60 Nexus Way, 6th Floor, Camana Bay, Grand Cayman ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Far East Consortium International Limited 遠 東 發 展 有 限 公 司 * 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00035 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.1 HKD | | 800,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 8,000,000,000 | H ...

Financial Data and Key Metrics Changes - Adjusted revenue reached HKD 4.9 billion, with cash profits of HKD 203 million, despite a net loss attributable to shareholders of HKD 988 million due to non-cash adjustments [3][5][11] - The adjusted gross profit margin increased by 3.6 percentage points to 34.8%, driven mainly by property sales [11][12] - The net gearing ratio improved to 64.9%, down 2.7 percentage points compared to the end of March [6][13] Business Line Data and Key Metrics Changes - Property development revenue was HKD 3.2 billion, with a profit margin increase from 31.3% to 36.8% [25][26] - Hotel revenue increased by 10% to nearly HKD 1 billion, with significant contributions from the newly opened Dorset Kai Tak [4][35] - Car park revenue decreased by 10% to HKD 343 million, while gaming revenue increased by 11% to HKD 2,018 million [43][45] Market Data and Key Metrics Changes - The company reported strong sales momentum in Manchester, with prices increasing from GBP 380 to over GBP 580 per sq ft, reflecting over 50% growth [27] - In Hong Kong, the Pavilion Forest project has seen strong sales, with over 700 units sold out of 1,300 [32] - The hotel market in Hong Kong is showing improvement, with occupancy rates trending upwards [35] Company Strategy and Development Direction - The company aims to accelerate project completions to optimize cash flow and reduce debt levels, maintaining a robust development pipeline of approximately HKD 62 billion [25][28] - There is a focus on divesting non-core assets and transitioning towards an asset-light business model [8][50] - The company is also looking to enhance its hotel portfolio and expand its presence in key markets [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stabilization of the Hong Kong property market and the potential for further sales growth [53][54] - The company is focused on reducing bank loans and improving financial health before addressing perpetual bond issues [60][61] - Future cash flow visibility is strong, with HKD 9.3 billion in pre-sales and contracted sales expected to contribute significantly [49] Other Important Information - The company has entered into agreements to dispose of certain non-core assets, including car parks and hotel interests, to unlock capital for future investments [8][21] - The company is actively involved in community support initiatives following a recent tragedy, demonstrating its commitment to social responsibility [24][56] Q&A Session Summary Question: Any further impairment expected for the Sai Ying Pun project? - Management does not foresee further material impairment, citing recent sales performance and market stabilization [53][54] Question: What is the company's strategy regarding sustainability? - The company is converting more loans to sustainability-focused financing and emphasizes its commitment to social impact through various initiatives [55][56] Question: What are the plans for the perpetual bonds? - The priority remains on reducing bank loans, with no immediate plans for land replenishment unless attractive opportunities arise [60][61]

Financial Data and Key Metrics Changes - Adjusted revenue reached HKD 4.9 billion, with cash profits of HKD 203 million, primarily driven by property development revenue of HKD 3.2 billion [3][5] - Net loss attributable to shareholders was HKD 988 million, influenced by non-cash adjustments including impairment losses totaling HKD 281 million [5][6] - The adjusted net gearing ratio improved to 64.9%, down 2.7 points compared to the end of March [6][13] Business Line Data and Key Metrics Changes - Property development revenue decreased to HKD 3.2 billion from HKD 3.6 billion year-on-year, but profit margin increased from 31.3% to 34.9% [25][26] - Hotel revenue increased by 10% to nearly HKD 1 billion, with significant contributions from Dorsett Kai Tak [4][35] - Car park revenue decreased by 10% to HKD 343 million, while gaming revenue increased by 11% to HKD 2,018 million [43][45] Market Data and Key Metrics Changes - The company reported strong sales momentum in Manchester, with prices increasing from GBP 380 to over GBP 580 per sq ft, reflecting over 50% growth [27] - In Hong Kong, the Pavilion Forest project has seen strong sales, with over 700 units sold out of 1,300 [32] - The hotel market in Hong Kong is showing improvement, with occupancy rates trending upwards [35] Company Strategy and Development Direction - The company aims to accelerate project completions to optimize cash flow and reduce debt levels, maintaining a robust development pipeline of approximately HKD 62 billion [25][28] - Focus on divesting non-core assets and transitioning towards an asset-light business model [49] - The company is restructuring investments in Queensland and expects to increase its stake in the Queens Wharf Brisbane project to 50% [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the Hong Kong property market stabilization and anticipated no further material impairments [51][52] - The company expects to further reduce its gearing ratio and improve cash flow visibility from pre-sales and completed projects [47][48] - Future hotel revenue is projected to grow with the stabilization of new hotels and ongoing operational improvements [49] Other Important Information - The company has entered into agreements to dispose of non-core assets, including a car park in Chatswood, Sydney, for AUD 3.7 million [8][43] - The company is actively involved in community support efforts following a recent fire incident in Hong Kong [1][24] Q&A Session Summary Question: Any plans for the Yaru project and potential impairments? - Management hopes for no further impairments, citing recent sales performance in the Pavilion Forest project [51] Question: What is the company's strategy regarding perpetual bonds? - The priority is on reducing bank loans, with a focus on leveraging the HKD 61 billion development pipeline [59]

Financial Data and Key Metrics Changes - Adjusted revenue reached HKD 4.9 billion, with cash profits of HKD 203 million, despite a net loss attributable to shareholders of HKD 988 million due to impairment losses [4][6][12] - The adjusted gross profit margin increased by 3.6 percentage points to 34.8%, driven mainly by property sales [12][13] - The net gearing ratio improved to 64.9%, down 2.7 percentage points compared to the end of March [7][14] Business Line Data and Key Metrics Changes - Property development revenue was HKD 3.2 billion, with a profit margin increase from 31.3% to 36.8% [25][26] - Hotel revenue increased by 9.5% to nearly HKD 1 billion, with occupancy rates improving significantly [36] - Car park revenue decreased by 10% to HKD 343 million, attributed to holding costs [45] - Gaming revenue increased by 11% to HKD 2,018 million, with an adjusted gross profit margin of 42% [46] Market Data and Key Metrics Changes - The company reported strong sales momentum in Manchester, with prices increasing over 50% in recent years [27] - In London, the Aspen at Consort Place project is expected to benefit from a housing supply shortage [29] - The Melbourne market showed strong performance with Westside Place selling out 1,400 units [31] Company Strategy and Development Direction - The company aims to accelerate project completions to optimize cash flow and reduce debt levels, maintaining a robust development pipeline of approximately HKD 62 billion [25][28] - There is a focus on divesting non-core assets and transitioning towards an asset-light business model [52] - The company plans to unlock hotel revaluation surplus and continue to enhance its hotel portfolio [9][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stabilization of the Hong Kong property market and the potential for no further material impairments [55][56] - The company is focused on reducing bank loans and maintaining a healthy financial position, with plans to complete ongoing projects [62][63] - Future cash flow visibility is strong, with HKD 9.3 billion in pre-sales and contracted sales expected to contribute to revenue [51] Other Important Information - The company has entered into agreements to dispose of certain non-core assets, including a car park in Sydney for AUD 3.7 million [9][45] - The company is actively involved in community support following a recent tragedy, demonstrating its commitment to social responsibility [2][24] Q&A Session Summary Question: Is there a risk of further impairment for the Sai Ying Pun project? - Management does not foresee further impairment, citing recent market stabilization and strong sales performance in the Pavilion Forest project [55][56] Question: What is the company's strategy regarding sustainability? - The company is converting loans to sustainability-focused financing and emphasizes its commitment to social impact through various initiatives [57][58] Question: What are the plans for the perpetual bonds? - The priority is on reducing bank loans, with no immediate rush to address the high coupon rates of perpetual bonds [62][63]