Financial Performance - The Group's revenue for the period was HKD 3,100,000,000, with attributable profit to equity holders amounting to HKD 482,000,000[9]. - The group's revenue for the six months ended June 30, 2023, was HKD 3.1 billion, a decrease compared to the same period last year due to fewer pre-sale project deliveries[11]. - The attributable profit to equity holders for the period was HKD 482 million, with core earnings (excluding fair value changes and sale gains from investment properties) at HKD 462 million[11]. - The company's revenue for the six months ended June 30, 2023, was HKD 3,100,250, a decrease of 42.5% compared to HKD 5,391,730 for the same period in 2022[29]. - Gross profit for the same period was HKD 1,084,892, down 36.3% from HKD 1,705,454 in 2022[29]. - The net profit for the six months ended June 30, 2023, was HKD 510,602, representing a decline of 53.9% from HKD 1,109,727 in the previous year[29]. - Basic earnings per share for the period was HKD 15.38, down 55.5% from HKD 34.51 in 2022[29]. - The total comprehensive loss for the period was HKD 752,669, compared to a total comprehensive income of HKD 734,136 in the same period last year[30]. - The company reported a profit before tax of HKD 825,538 for the six months ended June 30, 2023, down from HKD 1,428,642 in the same period last year, a decline of 42.2%[47]. Sales and Contracts - The Group has contracted sales of HKD 4 billion during the period[9]. - The group signed contracts for attributable sales of approximately HKD 4 billion during the period, primarily from projects in Hong Kong and Nanjing[11]. - As of June 30, 2023, the Group had contracted but unrecognized sales of HKD 18.6 billion[9]. - As of June 30, 2023, the group had unrecognized attributable sales of approximately HKD 18.6 billion, expected to be recognized starting in the second half of 2023[11]. - The Nanjing project Jia Jing Feng recorded signed sales of approximately RMB 1 billion during the period, with a total of RMB 5 billion in signed sales from the project[13]. Dividends and Shareholder Returns - Earnings per share were HKD 0.154, and an interim dividend of HKD 0.07 per share was declared[9]. - The total interim cash dividend to be distributed is HKD 219,303,000, consistent with the previous year[10]. - The board has declared an interim cash dividend of HKD 219,303,000, maintaining the dividend at HKD 0.07 per share, consistent with the previous year[51]. Market Conditions and Strategy - The Group plans to prudently seek opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions while replenishing land reserves as needed[9]. - The Hong Kong property market saw a 31% year-on-year increase in first-hand property transactions, with the government’s private residential price index rising by 4.3%[16]. - The group plans to continue expanding its land reserves in Hong Kong and mainland China based on market conditions[18]. - The International Monetary Fund forecasts a GDP growth of 5.2% for 2023 in mainland China, contributing to one-quarter of global growth, while the central government's official growth target is set at approximately 5%[19]. - In Hong Kong, the local GDP grew by 2.9% and 1.5% in the first and second quarters respectively, with a revised annual growth target of 4-5% for 2023[20]. Financial Position and Assets - As of June 30, 2023, the total amount of funds utilized by the group was HKD 61 billion, a decrease from HKD 62 billion at the end of 2022[21]. - The group's borrowings amounted to HKD 15.037 billion as of June 30, 2023, with an average borrowing interest rate increasing from 2.6% to 4.1% due to market rate hikes[22]. - The group's cash and bank deposits stood at HKD 8.569 billion as of June 30, 2023, with approximately 83% held in RMB[22]. - The debt ratio slightly increased from 13% at the end of 2022 to 14% as of June 30, 2023[22]. - As of June 30, 2023, the total assets decreased to HKD 74,917,450 from HKD 76,635,909 as of December 31, 2022, reflecting a decline of about 2.2%[31]. - The company's total equity as of June 30, 2023, was HKD 45,881,807, down from HKD 46,642,871 at the end of 2022, indicating a decrease of approximately 1.6%[31]. - The total liabilities as of June 30, 2023, were HKD 29,035,643, slightly down from HKD 29,993,038 at the end of 2022, reflecting a decrease of about 3.2%[31]. Operational Efficiency - The average occupancy rate for the premium office building Shanghai Jia Hua Center was maintained at 90%[13]. - The total number of employees in Hong Kong and mainland China was 945 as of June 30, 2023, with employee costs amounting to approximately HKD 256 million during the period[25]. - The company reported a loss from joint ventures of HKD 6,538, an improvement from a loss of HKD 16,225 in the previous year[29]. - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 1,698,697, an increase from HKD 773,550 in the same period of 2022, representing a growth of approximately 119%[32]. Financial Risks and Management - The group faces various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in its financial risk management structure since December 31, 2022[39]. - The group has signed interest rate swap contracts totaling HKD 2 billion to mitigate interest rate volatility[23]. Corporate Governance and Compliance - The board has adhered to the corporate governance code, with some deviations noted regarding the roles of the chairman and the managing director[77]. - The company has maintained a strong commitment to corporate governance principles to enhance shareholder value[77]. - The audit committee reviewed the interim results for the six months ending June 30, 2023, which were unaudited[75]. Share Options and Management - The total number of share options available under the 2021 Share Option Scheme as of June 30, 2023, is 312,697,461[65]. - The total number of share options granted under the 2011 Share Option Scheme is 39,420,000 shares, representing approximately 1.26% of the issued shares at that date[68]. - The total number of share options held by employees as of June 30, 2023, is 11,550,000, after accounting for 850,000 options that expired during the period[67].

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，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容引致的任何損失 承擔任何責任。 （股份代號： 00173） 建優創值 力臻恆遠 截至二零二三年六月三十日止六個月之 中期業績公佈 中期業績摘要 K. Wah International Holdings Limited 嘉華國際集團有限公司（「本公司」）董事會（「董 事會」）欣然宣佈，本公司及其附屬公司（「本集團」）之未經審核中期業績如下： | --- | --- | |--------------------------------------------------------------|------------------------------------------------------------------------| | | | | 本集團營業額為港幣 3,100,000,000 482,000,000 元。 | 元，而本公司權益持有者應佔溢利為港幣 | | 本期內，本集團已簽約之應佔銷售為港幣 40 億元。 | ...

Financial Performance - K. Wah International Holdings Limited reported a cash dividend of HKD 0.07 per share for the interim period ending June 30, 2022[10]. - The company announced a cash dividend of HKD 0.14 per share for the final dividend for the year ending December 31, 2022[10]. - For the fiscal year ending December 31, 2022, the company recorded contract sales exceeding HKD 18.8 billion and revenue of approximately HKD 9.35 billion[17]. - The profit attributable to equity holders was around HKD 1.37 billion, with core profit approximately HKD 1.45 billion[17]. - The total revenue for 2022 decreased by 46.1% compared to the previous year, which was HKD 16.22 billion[12]. - The company's earnings before tax for 2022 was HKD 2.07 billion, a decline of 59.3% from HKD 5.09 billion in 2021[12]. - The group’s revenue for the year ended December 31, 2022, was HKD 8,794,000,000, primarily from property sales in Hong Kong and mainland China, as well as rental income from Shanghai[22]. - The attributable profit to equity holders for the year was HKD 1,372,000,000, with core profit (excluding fair value changes of investment properties) at HKD 1,452,000,000, reflecting a decrease compared to 2021 due to fewer presale projects completed[22]. - The total signed sales for the year reached a historical high of approximately HKD 18.8 billion, mainly from projects in Hong Kong and Shanghai[22]. - The total equity and borrowings amounted to HKD 62 billion as of December 31, 2022, down from HKD 64 billion in 2021[98]. Awards and Recognition - KWIH was recognized as one of the top 10 property developers in Hong Kong by BCI Asia in 2022[6]. - The company received the Best Property Development Award in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022[6]. - The company has been awarded multiple accolades for its property quality and design, reflecting its commitment to excellence[6]. - The company received multiple awards for its projects, including gold and merit awards in the "2022 Best Landscape Award - Private Property" category[117]. Property Development and Management - KWIH's property management arm, Cresleigh Property, provides premium management services to various types of properties, including residential and commercial[3]. - The company has a strategic focus on integrated development projects in Hong Kong, the Yangtze River Delta, and the Pearl River Delta regions[3]. - KWIH aims to adopt a progressive strategy in land acquisition to enhance the quality of living spaces[3]. - KWIH's projects include large-scale residential communities and Grade-A office towers, showcasing its expertise in premium property development[3]. - The company emphasizes sustainability and community development in its project undertakings[3]. - The group plans to continue launching high-quality residential projects in Hong Kong and mainland China[17]. Market Conditions and Challenges - The company faced challenges in the global economic environment, including geopolitical tensions and rising inflation rates[17]. - In mainland China, new housing sales and prices fell by 27% and 28% year-on-year, respectively, during the year[91]. - The group maintains a cautiously optimistic outlook for the medium to long-term development of the real estate market in Hong Kong and mainland China, supported by recent government measures[19]. Corporate Governance - The board of directors is committed to delivering sustained value to shareholders through effective corporate governance practices[128]. - The board consists of eight members, including the chairman and managing director, with independent non-executive directors making up more than one-third of the board[131]. - The company has established mechanisms to ensure independent viewpoints and opinions are obtained and undergoes an annual review[138]. - The company has adopted a set of standard codes for securities trading by directors and their associates, confirming compliance for the year ending December 31, 2022[141]. - The company has complied with the corporate governance code as per Listing Rule Appendix 14 for the fiscal year ending December 31, 2022, with some exceptions noted[156]. Sustainability Initiatives - The company aims to reduce greenhouse gas emissions density and energy density by 26% and 39% respectively by 2025, compared to 2016 levels[116]. - In 2022, the company signed HKD 8 billion in sustainable development performance-linked revolving and term loans with nine banks[116]. - The company achieved a 5.3% reduction in greenhouse gas emissions density in 2022 compared to 2021[116]. Employee and Community Engagement - The company emphasizes training and development opportunities, providing training subsidies and programs to encourage continuous education[118]. - The company actively supports community initiatives, including donations of rapid test kits and hotel accommodations for frontline healthcare workers during the COVID-19 pandemic[120]. - As of December 31, 2022, the total number of employees in Hong Kong and mainland China was 968, with employee costs (excluding director remuneration) amounting to approximately HKD 421 million[112]. Financial Policies and Shareholder Communication - The board of directors has adopted a dividend policy considering operational performance, working capital needs, and financial conditions[169]. - The company has implemented a shareholder communication policy, revised in March 2023, to ensure timely and effective information dissemination to shareholders and stakeholders[152]. - The company encourages shareholders to attend annual general meetings to stay informed about progress and summaries of operations[152].

Financial Performance - The group's revenue for the year ended December 31, 2022, was HKD 8,794,000,000, with attributable revenue from joint ventures and associates amounting to HKD 9,347,000,000[3]. - Core profit reached HKD 1,452,000,000, while profit attributable to equity holders was HKD 1,372,000,000, resulting in earnings per share of HKD 0.4381[4]. - The total comprehensive income for the year was HKD 558,368,000, compared to HKD 1,089,152,000 in the previous year[5]. - Total revenue for the year ended December 31, 2022, was HKD 8,793,712, a decrease of 46.1% from HKD 16,217,700 in 2021[13]. - Revenue from property sales was HKD 8,098,033 in 2022, down from HKD 15,479,022 in 2021, representing a decline of 47.6%[13]. - The company reported a profit for the year of HKD 3,439,293, down from HKD 3,354,877 in 2021, indicating a slight increase of 2.5%[18]. - Basic earnings per share for 2022 were HKD 0.438, compared to HKD 1.071 in 2021, a decrease of 59.1%[18]. - The audited loss attributable to equity holders for the year ended December 31, 2022, was HKD 3,434,000,000, compared to a profit of HKD 1,326,000,000 in 2021[44]. Assets and Liabilities - The group's total assets as of December 31, 2022, amounted to HKD 76,635,909,000, a decrease from HKD 78,497,598,000 in the previous year[6]. - The group's total liabilities decreased to HKD 29,993,038,000 from HKD 33,282,164,000 in the previous year[6]. - The group's net asset value per share was HKD 14[3]. - Non-current assets totaled HKD 16,184,355 as of December 31, 2022, compared to HKD 17,326,949 in 2021, a decrease of 6.6%[13]. - The group provided guarantees for loans amounting to HKD 13,457,470,000 as of December 31, 2022, with utilized guarantees of HKD 8,564,795,000[21]. - The group had pledged assets with a book value of HKD 4.921 billion as of December 31, 2022, compared to HKD 20.374 billion in 2021[55]. Cash Flow and Financing - The group's cash and cash equivalents were HKD 8,660,364,000, an increase from HKD 8,136,563,000 in the previous year[6]. - The group's bank borrowings amounted to HKD 14.939 billion as of December 31, 2022, down from HKD 18.984 billion in 2021, with an average interest rate increase from 1.6% to 2.6%[52]. - The unutilized bank loan facilities were HKD 19.074 billion as of December 31, 2022, compared to HKD 18.132 billion in 2021, with cash and bank deposits at HKD 8.66 billion[53]. - The debt ratio decreased from 24% as of December 31, 2021, to 13% as of December 31, 2022, due to net cash inflow[53]. - The group executed a HKD 8 billion syndicated loan in October 2022 to refinance a HKD 7 billion club loan maturing in January 2023, enhancing its financing capacity[53]. Market and Economic Conditions - The global inflation rate reached historical highs, with the US inflation rate soaring to 9.1% and the UK at 11.1%, prompting central banks to raise interest rates[46]. - China's GDP growth slowed to 3% in 2022, with inflation at a relatively mild 2% compared to Western economies[46]. - In Hong Kong, property transaction volumes fell by 42% and 39% for new and second-hand properties respectively, with the private residential price index dropping by 15.6%, the largest decline since 1998[47]. - Nationwide, new home sales and prices in China decreased by 27% and 28% year-on-year, respectively, due to economic slowdown and strict COVID-19 policies[48]. - The IMF forecasts China's GDP growth to be 5.2% in 2023, up from a previous estimate of 4.4%, with the central government's growth target set at around 5%[50]. Strategic Plans and Developments - The group plans to continue seeking opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions to replenish land reserves[3]. - The group aims to prudently and orderly acquire residential/commercial land through wholly-owned or joint ventures[3]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12]. - The group plans to launch more units in response to strong market demand following successful sales of the aforementioned projects[29]. Projects and Sales - The group signed contracts for attributable sales reaching a historical high of HKD 18.8 billion as of December 31, 2022, with unrecognized attributable sales of HKD 18.6 billion[3]. - The group recorded sales revenue of approximately HKD 31,000,000,000 from the delivery of pre-sold units in the year[23]. - The project "Kai Tak Kai Fung Wai" has a total floor area of approximately 53,000 square meters, providing 1,006 units, and was completed in November 2021[24]. - The "Yuen Long Po Long" project has sold 96% of its units during the pre-sale phase, with a total floor area of approximately 114,800 square meters[26]. - The group achieved nearly RMB 8.2 billion in contracted sales from five new projects in mainland China, including Shanghai and Nanjing[29]. Corporate Governance and Compliance - The board has adopted the standard code of conduct for securities trading as per the listing rules, confirming all directors complied with the regulations for the year ended December 31, 2022[61]. - The company plans to adopt new rules to align with the latest statutory and regulatory requirements in Bermuda and the listing rules[66]. - The company will suspend share transfer registration from June 2 to June 7, 2023, to determine shareholder eligibility for voting at the annual general meeting[64]. Dividends - The company declared an interim cash dividend of HKD 0.07 per share for 2022, consistent with the previous year[18]. - The company proposed a final cash dividend of HKD 0.14 per share, totaling HKD 438,605,000 for the year ended December 31, 2022, consistent with the previous year's dividend[63]. - The total dividend for the year, including an interim cash dividend of HKD 0.07 per share, amounts to HKD 0.21 per share, unchanged from the previous year[63].

Financial Performance - The group's revenue reached HKD 5,392,000,000, with total attributable revenue from joint ventures and associates increasing by 79% to HKD 5,787,000,000[16] - Core profit surged 120% to HKD 1,063,000,000, while profit attributable to equity holders rose by 39% to HKD 1,081,000,000[16] - The contracted sales attributable to the group during the period amounted to HKD 12.4 billion[16] - As of June 30, 2022, the contracted but unrecognized sales attributable to the group stood at HKD 15.5 billion[16] - Earnings per share were HKD 0.3451, with an interim dividend of HKD 0.07 per share declared[16] - The group's revenue for the six months ended June 30, 2022, was HKD 5,392,000,000, with attributable revenue from joint ventures and associates amounting to HKD 5,787,000,000[18] - Attributable profit to equity holders for the period was HKD 1,081,000,000, while core profit (excluding fair value changes of investment properties) was HKD 1,063,000,000[18] - The group signed contracts for attributable sales of approximately HKD 12.4 billion during the period, primarily from projects in Hong Kong and mainland China[18] - The net profit for the period was HKD 1,109,727,000, compared to HKD 811,492,000 in the previous year, reflecting a year-on-year increase of 36.7%[36] - Basic earnings per share increased to HKD 34.51 from HKD 24.83, marking a growth of 39%[35] Dividend and Shareholder Returns - The total interim cash dividend declared amounts to HKD 219,303,000, consistent with the previous year's dividend of HKD 218,888,000[17] - The interim cash dividend declared is HKD 219,303,000, equivalent to HKD 0.07 per share, consistent with the previous year's dividend[56] Asset and Liability Management - The total assets and borrowings of the group amounted to HKD 61 billion as of June 30, 2022, down from HKD 64 billion at the end of 2021[26] - The group's bank borrowings decreased to HKD 14.92 billion as of June 30, 2022, compared to HKD 18.98 billion at the end of 2021, with 44% of repayments due within one year[27] - The group's cash and bank deposits were HKD 6.77 billion as of June 30, 2022, with approximately 76% held in RMB[27] - The debt ratio decreased from 24% at the end of 2021 to 18% as of June 30, 2022, due to strong contracted sales[27] - The group has a total of HKD 20.39 billion in undrawn bank loan facilities as of June 30, 2022, up from HKD 18.13 billion at the end of 2021[27] - The total assets as of June 30, 2022, were HKD 72,437,380,000, a decrease from HKD 78,497,598,000 at the end of 2021[37] - The company's total liabilities decreased to HKD 26,536,828,000 from HKD 33,282,164,000, indicating improved financial stability[37] Market Conditions and Strategy - The group continues to prudently seek opportunities in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions to appropriately replenish land reserves[16] - The Hong Kong property market saw a 41% year-on-year decline in primary market transaction volume, while the secondary market experienced a 37% drop[22] - The mainland property market faced challenges, with national housing sales down 32% year-on-year, but the group successfully sold all units in the newly launched residential projects in Shanghai and Nanjing[22] - The group expects to continue its prudent and optimistic approach towards the long-term stable development of the local and mainland real estate markets[25] - The group plans to leverage its financial strength to pursue land reserve strategies and seize opportunities in Hong Kong, the Yangtze River Delta, and the Pearl River Delta regions[25] Investment and Development Activities - The group successfully launched five new projects in mainland China, generating approximately RMB 5 billion in attributable sales[19] - The group participated in land auctions and is actively seeking new investment opportunities, including a collaboration for a redevelopment project in Guangzhou[23] Financial Position and Cash Flow - The company's cash and cash equivalents stood at HKD 6,771,248,000, down from HKD 8,136,563,000, reflecting a reduction in liquidity[37] - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 773,550,000, a decrease of 57.0% compared to HKD 1,801,408,000 in 2021[38] - The net cash from investing activities significantly increased to HKD 2,136,876,000 from HKD 228,484,000 in the previous year, indicating a substantial improvement in investment performance[38] - The net cash used in financing activities was HKD (4,023,960,000), compared to HKD (3,790,016,000) in the prior year, indicating a higher outflow in financing[38] Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules, with some deviations noted regarding the roles of the chairman and the CEO[84] - The audit committee reviewed the company's accounting principles and practices, ensuring compliance with financial reporting standards[82] - The company has committed to maintaining high levels of corporate governance to enhance transparency and accountability[84] Share Options and Management - The company’s directors collectively hold approximately 65.42% of the issued share capital, with significant individual holdings reported[68] - The company has not granted any new options under the 2021 Share Option Scheme since its adoption on June 9, 2021[72] - The total number of options held by directors and employees as of January 1, 2022, was 5,720,000, with 650,000 options having expired during the period[73]

Company Overview - K. Wah International Holdings Limited focuses on premium property development in Hong Kong, the Yangtze River Delta, and Pearl River Delta regions[6]. - The company has received multiple accolades, including being named one of the top ten property developers in Hong Kong by BCI Asia in 2021[12]. - K. Wah International's portfolio includes large-scale residential communities, Grade-A office towers, hotels, serviced apartments, and retail premises[7]. - The company aims to deliver long-term shareholder value through a disciplined approach to land acquisition and project development[8]. - K. Wah International is committed to maintaining high standards of quality living spaces and innovative features in its developments[8]. - K. Wah International's property management arm, Cresleigh Property, provides exceptional management services guided by international standards[7]. - The company emphasizes sustainability and community development in its project undertakings[8]. - K. Wah International has a strong financial capability, allowing it to pursue progressive strategies in property development[8]. Financial Performance - For the fiscal year ending December 31, 2021, the company recorded contract sales of approximately HKD 14.3 billion and revenue of approximately HKD 17.2 billion[28]. - The profit attributable to equity holders was HKD 3.4 billion, with core earnings exceeding HKD 2.9 billion[28]. - The board proposed a final dividend of HKD 0.14 per share, along with an interim dividend of HKD 0.07 per share, totaling an annual dividend of HKD 0.21 per share[28]. - The company’s operating revenue increased from HKD 11.7 billion in 2020 to HKD 16.2 billion in 2021, representing a growth of approximately 38.5%[19]. - The pre-tax profit for 2021 was HKD 5.1 billion, compared to HKD 4.9 billion in 2020, showing a slight increase of about 4.7%[19]. - The total assets of the company as of 2021 were HKD 64.5 billion, a decrease from HKD 67.2 billion in 2020[20]. - The net asset value per share increased from HKD 13.94 in 2020 to HKD 14.02 in 2021[20]. - The company’s non-current assets rose from HKD 16.2 billion in 2020 to HKD 17.5 billion in 2021, indicating a growth of approximately 7.7%[20]. - The total signed sales for the year amounted to approximately HKD 14.3 billion, primarily from projects in Hong Kong and mainland China[33]. - As of December 31, 2021, the group had approximately HKD 8.6 billion in signed but unrecognized sales expected to be recognized in 2022 and 2023[33]. Market and Economic Environment - The company continues to navigate a complex economic environment influenced by regulatory changes and the ongoing impact of the COVID-19 pandemic[28]. - The outlook for the global economy remains uncertain due to inflation, interest rate hikes, and geopolitical tensions, impacting the Hong Kong economy[29]. - The overall economic growth in Hong Kong for the year was recorded at 6.4%, supported by ongoing vaccination efforts and economic stimulus measures[102]. Project Developments - The group plans to launch new joint venture projects in 2022, including developments in Kai Tak and other areas, continuing to sell remaining units from various projects[36]. - The Kai Tak residential project recorded contracted sales of HKD 4.2 billion in the current year, with a cumulative total of HKD 11.4 billion by year-end, leaving only a small number of units unsold[37]. - The Tai Po residential project has achieved 95% unit sales by year-end, with a total floor area of approximately 61,600 square meters and 1,122 units available[40]. - The Southwest Kowloon Victoria Harbour project has sold nearly 70% of the pre-sold units, with a total floor area of approximately 91,800 square meters and 1,437 units planned across three phases[42]. - The Yuen Long D.D. 103 project is progressing well, with an expected completion in 2024 and a total floor area of approximately 114,800 square meters[43]. - The new projects in mainland China, including Dongguan and Jiangmen, have been successfully launched, with plans for more projects in Shanghai, Nanjing, and Suzhou depending on market conditions[54]. Corporate Governance - The company has established a governance policy that includes responsibilities for developing and reviewing corporate governance practices, which is reviewed annually[146]. - The board consists of a mix of executive and independent non-executive directors, ensuring diverse perspectives in decision-making[142]. - The company has adopted a risk management strategy to assist operational departments in managing significant risks, including environmental, social, and governance risks[155]. - The company has maintained a focus on compliance and governance, as evidenced by the qualifications of its directors[166][167]. - The company encourages shareholder participation in annual general meetings, ensuring transparency in decision-making processes[157]. Sustainability and Community Engagement - The company aims to reduce greenhouse gas emissions density and energy density by 26% and 39%, respectively, by 2025, using 2016 levels as a baseline[126]. - The company has implemented a series of preventive measures to protect employee health during the COVID-19 pandemic, including enhanced disinfection procedures and providing medical masks[129]. - The company donated HKD 5 million to support flood relief and post-disaster reconstruction efforts in Henan Province, China[132]. - The company received the "COVID-19 Caring Employer" award at the "Job Fair Excellence Employer Awards 2021" for its efforts in employee care during the pandemic[132]. - The company actively engages with stakeholders to understand their concerns and expectations regarding sustainable development measures and future strategies[126]. Employee Relations and Compensation - As of December 31, 2021, the total number of employees in Hong Kong, Mainland China, and Singapore was 1,010, with employee costs (excluding director remuneration) amounting to approximately HKD 498 million[122]. - The company has established a stock option plan since 1989 to provide competitive compensation and retain talent, emphasizing employee training and development as a key element of its human resources strategy[122]. - The company has a strong commitment to community involvement and has received multiple honors for its contributions[164][165]. Shareholder Information - The company declared an interim cash dividend of HKD 0.07 per share and proposed a final cash dividend of HKD 0.14 per share, totaling HKD 0.21 per share for the year, consistent with the previous year[171]. - As of December 31, 2021, the company's distributable reserves amounted to HKD 1,707,866,000, an increase from HKD 1,367,327,000 in 2020[173]. - The total charitable donations made by the group during the year were HKD 8,769,000, up from HKD 7,550,000 in 2020[173].