Financial Performance - For the first half of 2024, the group's revenue was HKD 196,396,000, a decrease of approximately 11.6% compared to HKD 222,264,000 in the same period last year[5] - The cement business generated revenue of HKD 84,359,000, down about 22.5% from HKD 108,809,000 year-on-year[5] - The group achieved an unaudited profit attributable to equity holders of HKD 34,509,000, an increase of approximately 16.1% from HKD 29,729,000 in the same period last year[5] - Gross profit for the same period was HKD 73,790,000, representing an increase of 14.2% from HKD 64,521,000 in 2023[18] - The group reported a profit before tax of HKD 46,301,000, up 11.6% from HKD 41,593,000 in the previous year[18] - Net profit for the period was HKD 34,565,000, an increase of 16.7% compared to HKD 29,595,000 in 2023[19] - Basic and diluted earnings per share increased to HKD 0.069 from HKD 0.059, reflecting a growth of 16.9%[18] - The group reported a profit for the period of HKD 34,565,000, an increase from HKD 29,595,000 in the same period last year[38] - The adjusted profit before tax was HKD 46,301,000, compared to HKD 41,593,000 in the previous year[38] Cement Business - The group's cement plant in Vietnam recorded a sales volume of approximately 213,000 tons, a decrease of about 17.1% from 257,000 tons in the same period last year[6] - The after-tax loss from the cement business was HKD 4,663,000, a reduction of about 62% compared to the after-tax loss of HKD 12,272,000 in the previous year[6] - The outlook for the second half of 2024 remains challenging for the cement business due to ongoing weakness in the real estate and construction sectors in Vietnam[4] - Cement sales amounted to HKD 84,359,000, down 22.5% from HKD 108,809,000 in the previous year[41] - The cement products segment reported a loss of HKD 6,849,000, while the property investment segment showed a profit of HKD 60,301,000[38] Currency Impact - The Vietnamese dong depreciated approximately 4.7% against the Hong Kong dollar from December 31, 2023, and about 7.7% compared to June 30, 2023, impacting revenue and profit when converted to HKD[3] - The group plans to reduce deposits in Vietnamese dong to mitigate the impact of currency depreciation on assets[3] - The group faced a foreign exchange loss of HKD 3,589,000 due to a 4.66% depreciation of the Vietnamese Dong against the Hong Kong Dollar[15] - The group recorded a foreign exchange loss of HKD 54,221,000 for the period, compared to a gain of HKD 4,257,000 in 2023[19] Hotel Business - The hotel business in Hong Kong saw a 64% increase in visitors, but the performance began to decline in Q2 2024 compared to the previous year[4] - The hotel business contributed HKD 28,938,000 in revenue for the first half of 2024, a slight decrease of 0.4% compared to the same period last year[10] - The average occupancy rate of the Hong Kong Tuen Mun Belte Hotel was 88.2%, down from 92% year-on-year, while the average room rate increased by 4.3%[10] - The average daily room rate for Hong Kong hotels fell by 9% in Q2 2024 compared to the same period last year[10] - The "LE CARRÉ HUE" hotel project in Vietnam is expected to commence operations by the end of 2024 to early 2025, with 50 rooms and retail areas[12] Economic Environment - In the first half of 2024, Vietnam's GDP growth rate reached 6.4%, but office space demand in Ho Chi Minh City remained weak due to high interest rates and economic uncertainty[9] - The supply of office space in Ho Chi Minh City increased by approximately 10%, leading to a vacancy rate of about 20% for Grade A offices, the highest in the past decade[9] - The rental rate for Grade A offices decreased by approximately 2-3% in Q2 2024 compared to the previous year[9] - The occupancy rate of the Saigon Trade Center reached 80% as of June 30, 2024, up from 78% at the end of 2023, with moderate growth in average rental rates and revenue[9] Cash Flow and Assets - As of June 30, 2024, the group's cash and bank balances amounted to HKD 497,984,000, an increase from HKD 465,369,000 at the end of 2023[13] - Operating cash flow generated was HKD 73,983,000, a decrease from HKD 81,196,000 in the previous year, reflecting a decline of about 9%[25] - The company experienced a net cash inflow from operating activities of HKD 58,725,000, down from HKD 66,646,000, indicating a decrease of approximately 12%[25] - Total assets less current liabilities as of June 30, 2024, were HKD 2,560,768,000, a decrease from HKD 2,598,498,000 at the end of 2023[22] - Non-current assets totaled HKD 2,089,856,000, down from HKD 2,151,990,000 at the end of 2023[21] Dividends and Shareholder Information - The company paid dividends of HKD 10,052,000 during the period, consistent with the previous year[25] - The interim dividend declared for the six months ended June 30, 2024, is HKD 0.02 per share, consistent with the interim dividend of HKD 0.02 per share for the same period in 2023[61] - As of June 30, 2024, CC (Holdings) Limited held 36,912,027 shares, representing 7.34% of the issued share capital[67] - The Luks Family (PTC) Limited held 272,824,862 shares, accounting for 54.29% of the issued share capital as of June 30, 2024[67] - The total number of shares held by Zheng Xiang was 58,200,827, which is 11.58% of the issued share capital[63] Governance and Compliance - The company has complied with the corporate governance code, except for deviation from code provision B.2.2, which allows the chairman to serve without rotation due to strategic importance[69] - The audit committee consists of three independent non-executive directors who reviewed the accounting principles and internal controls for the six months ending June 30, 2024[72]

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文件的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本文件全部或任何部分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。 母公司普通股股東應佔每股盈利 基本及攤薄 8 港幣 6.9 仙 港幣 5.9 仙 1 LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED 陸 氏 集 團 （ 陸 氏 集 團 （ 越 南 控 股 越 南 控 股 越 南 控 股 ） 有 限 公 司 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：366） 截至二零二四年 截至二零二四年六月三十日止六個月之中期業績公佈 六月三十日止六個月之中期業績公佈 陸氏集團(越南控股)有限公司（「本公司」）董事會欣然宣佈截至二零二四年六月三十日止六個月本公司及其附 屬公司（統稱「本集團」）之未經審核綜合中期業績連同二零二三年同期比較數字。此簡明綜合中期財務報表 為未經核數師審核，但已由本公司審核委員會審閱。 綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | --- | ...

Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue was HKD 427,308,000, a decrease of approximately 13.3% compared to HKD 492,875,000 in the previous year[10]. - The group recorded a consolidated net loss of HKD 98,650,000 for the year, compared to a net profit of HKD 48,498,000 in the previous year, with a basic loss per share of HKD 0.195[13]. - The cement business generated revenue of HKD 195,411,000, down about 30.6% year-on-year, while property investment revenue increased by approximately 6.0% to HKD 153,002,000, and hotel business revenue rose by 19.9% to HKD 62,652,000[10]. - The cement business recorded a post-tax loss of approximately HKD 160,415,000 for 2023, including an impairment provision of HKD 139,211,000, compared to a loss of HKD 16,328,000 in the previous year[17]. - The fair value gain on investment properties decreased by approximately HKD 14,498,000 compared to the previous year, impacting the group's asset values[13]. Cement Business Challenges - The decline in the cement business was attributed to a significant drop in domestic demand, with total cement consumption in Vietnam at 57.5 million tons, while supply reached 120 million tons, leading to intense competition[14]. - The outlook for 2024 remains uncertain, particularly for the cement business due to ongoing challenges in the real estate and construction sectors in Vietnam[9]. Hotel Business Performance - The group's hotel business in Hong Kong benefited from the lifting of pandemic restrictions, leading to stable growth in the Tuen Mun Belte Hotel[9]. - The hotel business in Hong Kong generated operating revenue of HKD 62,652,000 in 2023, an increase of nearly 20% compared to the previous year[23]. - The average room rate in the Hong Kong hotel business increased by 13% in 2023, with an average occupancy rate of approximately 91.3%[23]. Environmental and Sustainability Initiatives - The group has set a target to reduce gas emissions by 2% by the end of 2025, with specific goals for hazardous waste and non-hazardous waste per ton of clinker produced[47]. - The company recognizes the importance of complying with environmental laws and has established an ISO department to ensure adherence to environmental policies[62]. - The company aims to minimize its environmental footprint and supports local community initiatives[60]. - The company has implemented energy-saving measures, including replacing lighting with energy-efficient alternatives like LED bulbs[88]. - The company aims to reduce greenhouse gas emissions from its cement production facilities through improved production processes and energy efficiency measures[98]. Governance and Management - The company has established a robust governance structure with a three-tier framework, ensuring accountability and control throughout the organization[56]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules, with some deviations noted[145]. - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[148]. - The company has appointed three co-CEOs since January 17, 2023, ensuring compliance with the separation of roles between the chairman and CEO[146]. - The Audit Committee is composed entirely of independent non-executive directors, ensuring oversight of financial reporting and internal controls[162]. Community Investment and Social Responsibility - The group actively participates in community investment, including a donation of HKD 80,000 to support the "Epilepsy Friendly" festival in 2023[127]. - The group has contributed to local health improvements through the Vietnam cement plant, supporting disadvantaged children and providing rewards for 335 children of employees with excellent academic performance in 2023[129]. - The group has implemented a corporate social responsibility policy in Vietnam, focusing on support for impoverished communities, children's education, and healthcare services[127]. - The group is committed to promoting a circular economy through its recycling programs, aligning with environmental sustainability goals[125]. Employee and Training Initiatives - The total employee costs for the year ended December 31, 2023, were approximately HKD 61,357,000, an increase from HKD 58,280,000 in the previous year, representing a rise of about 3.7%[38]. - The company employs approximately 890 staff, with about 87% located in Vietnam as of December 31, 2023[38]. - A total of 726 employees participated in training courses at the cement plant, focusing on updated industrial safety practices and technical knowledge[111]. - The average training time per employee during the reporting year was approximately 10-13 hours[111]. Financial Position and Dividends - As of December 31, 2023, the company's cash, bank balances, and time deposits amounted to HKD 465,369,000, an increase from HKD 444,409,000 in the previous year[31]. - The company plans to distribute a final dividend of HKD 0.02 per share, totaling HKD 0.04 per share for the year[28]. - The group reported a mid-term dividend of HKD 0.02 per share distributed on October 13, 2023, and proposed a final dividend of HKD 0.02 per share for shareholders listed on June 7, 2024[196].

Employee Information - The total number of employees as of December 31, 2023, is approximately 890, with about 87% located in Vietnam[1] - Total employee costs (excluding director remuneration) for the year ended December 31, 2023, were approximately HKD 61,357,000, compared to HKD 58,280,000 for the year ended December 31, 2022[1] Dividend and Shareholder Information - The proposed final dividend is HKD 0.02 per share, unchanged from the previous year[2] - The group proposed a final dividend of HKD 0.02 per share, totaling HKD 0.04 per share for the year, including an interim dividend[20] Corporate Governance - The company has complied with the corporate governance code, except for specific provisions B.2.2, C.1.6, C.2.1, and F.2.2[5] - The roles of the chairman and CEO were separated on January 17, 2023, with the appointment of co-CEOs[6] - The company has adopted the standard code for securities transactions by directors and confirmed compliance for the period from January 1, 2023, to December 31, 2023[9] Financial Performance - In 2023, the group's revenue was HKD 427,308,000, a decrease of approximately 13.3% compared to HKD 492,875,000 in the previous year[14] - The group recorded a net loss of HKD 98,650,000 for the year, compared to a net profit of HKD 48,498,000 in the previous year[14] - Gross profit increased to HKD 137,203,000, up 4.9% from HKD 130,920,000 in the previous year[30] - The group reported a loss of HKD 98,650,000 for the year 2023, compared to a profit of HKD 48,498,000 in 2022[46] - The total tax expense for the year was HKD 29,494,000, an increase from HKD 27,720,000 in 2022[58] Revenue Breakdown - The cement business generated revenue of HKD 195,411,000, down about 30.6% year-on-year[14] - The property investment segment's revenue increased by approximately 6.0% to HKD 153,002,000[14] - The hotel business revenue rose by approximately 19.9% to HKD 62,652,000[14] - Revenue from external customers in Vietnam decreased to HKD 327,390,000 in 2023 from HKD 404,189,000 in 2022, representing a decline of 19.0%[48] - Total revenue for the group in 2023 was HKD 427,308,000, a decrease of 13.3% from HKD 492,875,000 in 2022[51] Asset Management - The group's total assets less current liabilities as of December 31, 2023, amounted to HKD 2,598,498,000, down from HKD 2,748,505,000 in 2022[35] - The group's non-current assets totaled HKD 2,151,990,000, down from HKD 2,371,122,000 in the previous year[35] - The company's total assets decreased by 9.3% from the previous year, reflecting a strategic shift in asset management[48] Cash Flow and Financing - As of December 31, 2023, the group's cash, bank balances, and time deposits amounted to HKD 465,369,000, an increase from HKD 444,409,000 at the end of 2022[23] - The group has no bank borrowings as of December 31, 2023, compared to HKD 67,392,000 in borrowings at the end of 2022[23] - Financing costs increased to HKD 4,090,000 in 2023 from HKD 3,651,000 in 2022, reflecting higher bank borrowing interest[55] Market Conditions and Outlook - The cement business faced a significant decline in domestic demand, with total cement consumption in Vietnam at 57.5 million tons, while supply reached 120 million tons[17] - The outlook for 2024 indicates continued challenges for the cement business due to a sluggish real estate market and construction industry[15] - The group anticipates that the number of visitors to Hong Kong will reach 46 million in 2024, a 35% increase from 2023, benefiting the hotel business[20] Hotel Operations - In 2023, the average occupancy rate of the group's hotel in Hong Kong reached approximately 91.3%, up from 84.3% in 2022, with an average room rate increase of 13%[20] - The group's hotel business contributed operating revenue of HKD 62,652,000 in 2023, representing a nearly 20% growth compared to the previous year[20] - The group recorded a loss of HKD 4,870,000 in the hotel business after depreciation in 2023, an improvement of 46% from a loss of HKD 9,012,000 in the previous year[20] - The hotel operations segment reported a loss of HKD (5,662,000) in 2023, compared to a loss of HKD (9,791,000) in 2022, showing an improvement[46] Impairments and Provisions - The group incurred a tax-adjusted loss of approximately HKD 160,415,000 in the cement business, including an impairment provision of HKD 139,211,000[17] Other Financial Metrics - Other income and gains totaled HKD 24,760,000 in 2023, an increase of 14.9% from HKD 21,610,000 in 2022[51] - The adjusted profit/loss before tax for the cement products segment was HKD (166,132,000) in 2023, compared to HKD (21,288,000) in 2022[46] - The aging analysis of accounts receivable shows a significant decrease in amounts overdue over 120 days, from HKD 8,410,000 in 2022 to HKD 5,129,000 in 2023[63]

Financial Performance - For the six months ended June 30, 2023, the group's revenue was HKD 222,264,000, a decrease of approximately 16.5% compared to HKD 266,307,000 in the same period last year[12]. - The cement business generated revenue of HKD 108,809,000, down approximately 33.8% year-on-year, while property investment revenue increased by about 5.7% to HKD 76,163,000[12]. - The group recorded an unaudited profit attributable to equity holders of HKD 29,729,000, an increase of approximately 15.0% from HKD 25,848,000 in the same period last year[22]. - The overall operating income from the hotel business contributed HKD 29,059,000, an increase of 27.9% compared to the same period last year[55]. - The company reported a profit of HKD 29,595,000, an increase of 25.5% compared to HKD 23,517,000 for the same period in 2022[67]. - Total comprehensive income for the period was HKD 33,852,000, significantly up from HKD 7,174,000 in the previous year[67]. - The group reported a net profit of HKD 29,595,000 for the first half of 2023, up from HKD 23,517,000 in the same period last year[106]. - The group’s total comprehensive income for the first half of 2023 was HKD 41,593,000, an increase from HKD 36,329,000 in the prior year[106]. Revenue Breakdown - The total revenue from customer contracts for the first half of 2023 was HKD 162,825,000, with cement sales contributing HKD 108,809,000[109]. - The property investment segment generated revenue of HKD 16,724,000, while hotel operations contributed HKD 29,059,000 in the first half of 2023[109]. - The geographical revenue breakdown shows that Vietnam accounted for HKD 125,533,000, while Hong Kong contributed HKD 37,292,000 in total revenue[109]. Operational Metrics - The average occupancy rate of the group's hotels reached 92%, significantly up from 77.3% in the same period last year, with average room rates increasing by approximately 15%[28]. - The occupancy rate of the Saigon Trade Center reached 79% as of June 30, 2023, a significant increase from 74% on December 31, 2022[52]. - The group’s hotel operation revenue increased to HKD 29,059,000 for the six months ended June 30, 2023, compared to HKD 16,160,000 in the previous year, reflecting an increase of 79.5%[129]. Cash and Assets - The group's cash, bank balances, and time deposits as of June 30, 2023, amounted to HKD 496,167,000, an increase from HKD 444,409,000 as of December 31, 2022[33]. - The company’s cash and cash equivalents amounted to HKD 496,167,000, an increase from HKD 444,409,000 year-over-year[68]. - Non-current assets totaled HKD 2,357,636,000, slightly down from HKD 2,371,122,000 as of December 31, 2022[68]. - The company’s total assets less current liabilities stood at HKD 2,774,442,000, up from HKD 2,748,505,000[68]. - The net asset value of current assets was HKD 416,806,000, compared to HKD 377,383,000 in the previous year[68]. Liabilities and Expenses - Current liabilities increased to HKD 203,597,000 from HKD 189,879,000 in the previous year, reflecting a rise in accounts payable[68]. - The group reported a total tax expense of HKD 11,998,000 for the six months ended June 30, 2023, compared to HKD 12,812,000 in the same period of 2022, indicating a decrease of 6.4%[113]. - The group’s total liabilities increased to HKD 38,573,000 as of June 30, 2023, compared to HKD 37,348,000 at the end of 2022, reflecting a growth of 3.3%[140]. Market Conditions and Future Outlook - The group anticipates continued difficulties in its cement operations in the second half of 2023 due to a sluggish real estate and construction sector in Vietnam[21]. - The Vietnamese government plans to implement measures to stimulate economic growth, including lowering interest rates to ease borrowing costs[24]. - The group plans to expand its market presence and enhance its product offerings in the upcoming quarters[106]. - The company is focusing on new product development and technological advancements to drive future growth[106]. Management and Governance - The board of directors has adopted a corporate governance code to ensure high standards of governance and accountability[173]. - The company’s management structure was updated on January 17, 2023, with Zheng Yan resigning as CEO and three individuals appointed as co-CEOs[154]. - The audit committee consists of three independent non-executive directors who reviewed the financial statements for the six months ending June 30, 2023[157]. Shareholder Information - The company’s major shareholders include Zheng Yan, who holds 58,200,827 shares, representing 11.58% of the total issued share capital[167]. - The company reported a total of 276,214,862 shares held by Luks Family (PTC) Limited, representing 54.96% of the issued share capital[180]. - CC (Holdings) Limited holds 36,912,027 shares, accounting for 7.34% of the total issued share capital[180]. - Kopernik Global Investors LLC owns 25,274,866 shares, which is 5.03% of the issued share capital[180].

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文件的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本文件全部或任何部分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。 LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED 陸陸陸陸 氏氏氏氏 集集集集 團團團團 （（（（ 越越越越 南南南南 控控控控 股股股股 ）））） 有有有有 限限限限 公公公公 司司司司 * （於百慕達註冊成立之有限公司） （股份代號：366） 截截截截至至至至二二二二零零零零二二二二三三三三年年年年六六六六月月月月三三三三十十十十日日日日止止止止六六六六個個個個月月月月之之之之中中中中期期期期業業業業績績績績公公公公佈佈佈佈 陸氏集團(越南控股)有限公司（「本公司」）董事會欣然宣佈截至二零二三年六月三十日止六個月本公司及其附 屬公司（統稱「本集團」）之未經審核綜合中期業績連同二零二二年同期比較數字。此簡明綜合中期財務報表 為未經核數師審核，但已由本公司審核委員會審閱。 綜綜綜綜合合合合損損損損益益益益表表表表 截至二零二三年六月三十日止六個月 截截截截至至至至 ...

Environmental Impact - In the fiscal year 2022, the cement plant consumed 80,876 tons of coal and 61,894,648 kWh of electricity[9] - The total amount of physical hazardous waste processed in 2022 was 15,840 kg[7] - The cement plant's water consumption for mechanical cooling was approximately 106,755 m³ in 2022[11] - The company installed a real-time emission monitoring system (CEMS) in 2018, which measures various gas emissions every 5 minutes[6] - The company has not received any penalties from the Environmental Protection Agency during the reporting year[8] Production and Employment - The cement plant produced 7,749,211 bags of cement, each weighing 50 kg, in the fiscal year 2022[12] - As of December 31, 2022, the cement plant employed approximately 835 staff members, all of whom earn above the local minimum wage[18] - As of December 31, 2022, the total number of hotel employees was 75, comprising 28 males and 47 females[45] Financial Performance - The company's revenue for the year was HKD 492,875,000, a decrease of 4% compared to HKD 513,230,000 in the previous year[89] - Gross profit decreased to HKD 130,920,000, down from HKD 153,973,000, reflecting a decline of approximately 15%[89] - The net profit for the year was HKD 48,498,000, a significant decrease of 43% from HKD 84,592,000 in the previous year[89] - Pre-tax profit for the year was HKD 76,218,000, down from HKD 115,132,000, indicating a decline of approximately 33.87%[71] - The company reported a total comprehensive income of HKD 106,868,000 for the year, compared to HKD 84,669,000 in the previous year, an increase of about 26.24%[68] Assets and Liabilities - The total non-current assets amounted to HKD 2,371,122,000, a decrease from HKD 2,451,297,000 in the previous year[62] - Current assets totaled HKD 567,262,000, down from HKD 587,731,000 in the previous year[62] - The total liabilities for current liabilities were HKD 189,879,000, a decrease from HKD 256,083,000 in the previous year[62] - Total assets minus current liabilities decreased to HKD 2,748,505,000 from HKD 2,782,945,000, a decline of approximately 1.23%[65] - Non-current liabilities totalled HKD 238,826,000, down from HKD 250,310,000, representing a decrease of about 4.59%[65] Corporate Governance - The company is committed to high standards of corporate governance, emphasizing transparency and accountability[34] - The company has confirmed compliance with the corporate governance code and disclosed this in its corporate governance report[96] - The audit committee is confident that there are no deficiencies in the internal control system as of 2022, and it will continue to assess and manage significant risks faced by the group[101] - The company has adopted the standard code as per Appendix 10 of the listing rules and confirmed compliance for the year ending December 31, 2022[98] Corporate Social Responsibility - The company has established a corporate social responsibility policy focusing on community investment, particularly in poverty alleviation, children's education, and healthcare services[57] Cash Flow and Investments - Operating cash flow generated a net inflow of HKD 107,338,000, a significant improvement compared to a net outflow of HKD 89,839,000 in the previous year[71] - The company experienced a net cash outflow from investing activities of HKD 17,825,000, compared to HKD 1,975,000 in the previous year[73] - The financing activities resulted in a net cash outflow of HKD 81,837,000, contrasting with an inflow of HKD 84,065,000 in the previous year[73] Shareholder Information - The major shareholders include Luks Family (PTC) Limited with 54.29% and CC (Holdings) Limited with 7.34% of the issued share capital[122] - The company has disclosed that public shareholders hold at least 25% of the total issued share capital as of the report date[172] - An interim dividend of HKD 0.02 per share was distributed on October 20, 2022, and the board recommends a final dividend of HKD 0.02 per share to shareholders listed on the register on June 14, 2023[126] Audit and Compliance - The independent auditor's report confirms that there are no significant misstatements due to fraud or error in the consolidated financial statements[160] - The company has maintained the same auditor for the past three years[147] - The audit committee assists the company's directors in fulfilling their responsibilities and overseeing the financial reporting process[158] - The auditor's responsibilities include identifying and assessing risks of material misstatement in the financial statements[161] Investment Properties - The total fair value of investment properties held by the group in Vietnam, Hong Kong, and mainland China is HKD 1,196,000,000 as of December 31, 2022[177] - Management engaged external valuers to estimate the fair value of hotel properties, which is significant due to the net book value of the hotel properties[154] - The hotel business held a total value of approximately HKD 486 million before impairment as of December 31, 2022, with continuous losses leading to impairment indicators[154] Miscellaneous - The company operates primarily in the manufacturing and sales of cement[191] - The company is registered in Bermuda and has its main office located in Hong Kong[190] - The financial report is prepared in accordance with Hong Kong auditing standards, ensuring the appropriateness of accounting policies and estimates[188]

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佈的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公佈全部或任何部分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。 LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED 陸陸陸陸 氏氏氏氏 集集集集 團團團團 （（（（ 越越越越 南南南南 控控控控 股股股股 ）））） 有有有有 限限限限 公公公公 司司司司 **** （於百慕達註冊成立之有限公司） （（（（股股股股份份份份代代代代號號號號：：：：366）））） 截截截截至至至至二二二二零零零零二二二二二二二二年年年年十十十十二二二二月月月月三三三三十十十十一一一一日日日日止止止止年年年年度度度度業業業業績績績績公公公公佈佈佈佈 陸氏集團(越南控股)有限公司（「本公司」）董事會宣佈本公司及其附屬公司（統稱「本集團」）截至二零 二二年十二月三十一日止年度之綜合業績。此年度業績已經本公司之審核委員會審閱。 綜綜綜綜合合合合損損損損益益益益表表表表 截至二零二二年十二月三十一日止年度 二二二二零零零零二二二二二二二二年年年年 二零二一年 ...

Financial Performance - For the first half of 2022, the group's revenue was HKD 266,307,000, a decrease of approximately 4.1% compared to HKD 277,665,000 in the same period last year[8] - The cement business generated revenue of HKD 164,476,000, down about 6.3% year-on-year, while property investment revenue was HKD 72,083,000, also down 6.3%[8] - The hotel business recorded revenue of HKD 22,719,000, representing an increase of approximately 20.7% compared to the previous year[8] - The group reported an unaudited profit attributable to equity holders of HKD 25,848,000, a decline of about 39.2% from HKD 42,488,000 in the same period last year[10] - The basic earnings per share for the first six months were approximately HKD 0.051, compared to HKD 0.085 in the previous year[10] - Gross profit for the same period was HKD 66,605,000, down 20.8% from HKD 84,090,000 in 2021[35] - The net profit for the six months ended June 30, 2022, was HKD 23,517,000, a decline of 44.7% compared to HKD 42,109,000 in 2021[37] - The total comprehensive income for the period was HKD 7,174,000, significantly lower than HKD 49,460,000 in 2021, primarily due to foreign exchange losses[37] Segment Performance - Cement sales volume was approximately 420,000 tons, a decrease of about 19.8% from 524,000 tons in the same period last year[12] - The hotel operations segment reported revenue of HKD 22,719 million, compared to HKD 118,822 million in the previous year, indicating a significant decrease of around 80.9%[65] - Cement sales contributed HKD 164,476,000 for the six months ended June 30, 2022, down from HKD 175,567,000 in 2021, representing a decline of 6.2%[69] - Hotel operation revenue increased to HKD 22,719,000 in 2022 from HKD 18,822,000 in 2021, marking a growth of 20.1%[69] - Total rental income from investment properties was HKD 55,923,000 for the six months ended June 30, 2022, compared to HKD 59,517,000 in 2021, reflecting a decrease of 6.5%[69] Cash Flow and Liquidity - As of June 30, 2022, the group's cash, bank balances, and time deposits amounted to HKD 450,848,000, compared to HKD 439,596,000 on December 31, 2021[25] - For the six months ended June 30, 2022, the company reported a net cash inflow from operating activities of HKD 67,876,000, compared to HKD 26,612,000 for the same period in 2021, representing a significant increase of 154%[48] - The company’s operating cash flow increased significantly, with cash generated from operations rising to HKD 90,683,000 from HKD 47,305,000, marking an increase of 92%[48] - The company’s cash and cash equivalents at the end of the period were HKD 244,453,000, down from HKD 264,219,000 in the previous year, reflecting a decrease of about 7%[50] - The company incurred a net cash outflow from investing activities of HKD 43,583,000, compared to HKD 52,564,000 in the prior year, showing an improvement of approximately 17%[48] Assets and Liabilities - Non-current assets totaled HKD 2,409,192,000 as of June 30, 2022, compared to HKD 2,451,297,000 at the end of 2021[40] - Current assets increased to HKD 590,306,000 from HKD 587,731,000 at the end of 2021[40] - Current liabilities decreased to HKD 231,205,000 from HKD 256,083,000 at the end of 2021[40] - The net asset value as of June 30, 2022, was HKD 2,524,732,000, slightly down from HKD 2,532,635,000 at the end of 2021[41] - The company reported an increase in inventory to HKD 74,507,000 from HKD 69,119,000 at the end of 2021[40] Dividends and Shareholder Information - The group declared an interim dividend of HKD 0.02 per share to shareholders[22] - The group declared an interim dividend of HKD 10,051,000 for the six months ended June 30, 2022, compared to HKD 15,077,000 in 2021, a decrease of 33.2%[81] - The total issued and paid-up share capital as of June 30, 2022, was HKD 5,026,000, unchanged from the previous year[89] - As of June 30, 2022, major shareholders include Luks Family (PTC) Limited with 272,824,862 shares (54.29%) and Luk Ngai with 276,214,862 shares (54.96%) [106] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the combined roles of Chairman and CEO [111] - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and policies adopted by the company [113] - The board approved the publication of the interim unaudited consolidated financial statements on August 31, 2022, ensuring timely financial reporting[94] Market Outlook - The group anticipates continued challenges for the cement business in the second half of 2022 due to high coal prices and supply shortages[12] - The hotel business in Hong Kong is expected to maintain a stable recovery in the second half of 2022 as restrictions are gradually eased[7] - Vietnam's GDP growth reached 7.72% in the second quarter of 2022, which is expected to benefit the recovery of the construction industry[7]

Financial Performance - For the year ended December 31, 2021, the group's revenue was HKD 513,230,000, a decrease of approximately 2.9% compared to HKD 528,495,000 in the previous year[9] - The cement business generated revenue of HKD 310,302,000, down approximately 7.3% year-on-year[9] - The property investment business reported revenue of HKD 149,324,000, a decrease of about 0.6% compared to the previous year[9] - The hotel business saw revenue increase by approximately 29.7%, reaching HKD 41,004,000 compared to the previous year[9] - The group recorded a net profit attributable to shareholders of HKD 84,669,000, an increase of approximately 37.6% from HKD 61,511,000 in the previous year[9] - Basic earnings per share were HKD 0.168, compared to HKD 0.122 in 2020[9] Impact of COVID-19 - The group's operations were significantly impacted by the COVID-19 pandemic, particularly in the third quarter of 2021, leading to a near halt in economic activity in Vietnam[7] - The group adapted its hotel strategy to attract local residents, successfully turning a previous loss into profit for the hotel business[7] - The global economic environment remains volatile, posing challenges for the group's operations in 2022[8] Cement Business Challenges - The cement plant in Vietnam faced significant challenges in 2021, with cement and clinker sales volume decreasing to 893,000 tons, down approximately 7.8% from 969,000 tons in the previous year[12] - The after-tax profit for the cement business was HKD 4,813,000, a decrease of about 34.4% compared to HKD 7,332,000 in the previous year[12] - The construction and engineering projects in Vietnam faced significant delays due to strict pandemic measures, impacting local cement demand[12] - The logistics costs and prices of raw materials, including coal, surged, with coal prices rising to USD 250 per ton, more than tripling from USD 80 per ton in the previous year[12] Government Policies and Economic Outlook - The Vietnamese government's shift to a coexistence strategy with the virus is expected to positively impact the group's cement plant and trade center operations[8] - The Vietnamese government lifted all entry restrictions on March 15, 2022, which is expected to positively impact the economy and cement demand[12] - The government has implemented a series of stimulus measures, including reducing the value-added tax on cement from 10% to 8%, which will significantly improve the operating environment for the cement plant[12] Property and Investment - The overall rental income from leasing properties in Hong Kong and mainland China remained stable in 2021, with a fair value increase of investment properties amounting to approximately HKD 32,868,000, up from HKD 9,052,000 in 2020[16] - The group acquired a commercial and residential property in Hong Kong for HKD 183,800,000, which includes approximately 2,000 square feet of commercial space and 16,000 square feet of residential space[22] - The group plans to redevelop the acquired property, increasing the floor area to 21,600 square feet, which is expected to contribute to future profitability and cash flow[22] Environmental Management - The company conducts quarterly environmental measurements in accordance with Vietnamese environmental legislation[53] - The company adheres to various Vietnamese environmental standards for air quality and emissions[54] - The company is focused on controlling environmental issues related to emissions, dust, noise, and water[53] - The company employs environmental monitoring firms to ensure compliance with regulations[53] - The company plans to continue its efforts in environmental management and compliance with national standards[54] Employee Management and Safety - The cement plant provided training to all 889 employees, focusing on updated industrial safety practices and technical knowledge relevant to their departments[84] - The cement plant has a safety team that supervises workplace safety and provides safety training[77] - The hotel division emphasizes gender equality, encouraging female participation in management and operations[72] - All employees are covered by social insurance, medical insurance, and unemployment insurance as per Vietnamese law[71] Corporate Governance - The company emphasizes high standards of corporate governance, adhering to the Hong Kong Stock Exchange's corporate governance code[100] - The board of directors consists of eight members, including the chairperson and five executive directors, with independent non-executive directors serving a one-year term subject to re-election[104] - The audit committee, composed entirely of independent non-executive directors, held two meetings in 2021, with all members present[115] - The company has established three main board committees: the audit committee, the remuneration committee, and the nomination committee[114] Financial Reporting and Audit - The independent auditor's report confirms that the consolidated financial statements reflect a true and fair view of the group's financial position as of December 31, 2021[184] - The board is responsible for preparing true and fair consolidated financial statements according to Hong Kong Financial Reporting Standards and the Companies Ordinance[196] - The audit committee assists the board in fulfilling its responsibilities and oversees the financial reporting process of the group[197] Shareholder Information - The company has a significant shareholder structure, with Luks Family (PTC) Limited holding 272,824,862 shares, representing 54.29% of the issued share capital[177] - The company declared an interim dividend of HKD 0.03 per share on October 8, 2021, and proposed a final dividend of HKD 0.03 per share for shareholders listed on June 10, 2022[141] - The company’s available distributable reserves as of December 31, 2021, were approximately HKD 687,054,000, with HKD 15,077,000 proposed as the final dividend for the year[149]