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 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 佈 全 部 或 任 何 部 份 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。 截 至2025年3月31日 止 年 度 全 年 業 績 之 公 佈 Chuang's Consortium International Limited（莊 士 機 構 國 際 有 限 公 司）（「本 公 司」）董 事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2025年3月31日 止 年 度 之 綜 合 全 年 業 績 如 下： 截 至2025年3月31日 止 年 度 要 點 業 務 – 1 – 1. 誠 如2025年6月19日 所 公 佈，本 集 團 與 一 名 獨 立 第 三 方 訂 立 有 條 件 協 議， 以 代 價 約538,500,000港 元 出 售 香 港 ...

Financial Performance - The group’s revenue for the six months ended September 30, 2024, decreased to HKD 92.5 million from HKD 215.7 million in the previous year, primarily due to the absence of property sales recorded in the prior period [27]. - The company reported a loss attributable to equity holders of HKD 292,800,000, a reduction of approximately 39.6% from HKD 484,800,000 in 2023, with a loss per share of HKD 0.1751 compared to HKD 0.2899 in 2023 [30]. - The net loss for the period was HKD 361,973,000, down from HKD 566,568,000 in the previous year, indicating a 36.1% reduction [106]. - The total comprehensive loss for the period was HKD 280,540,000, compared to HKD 744,301,000 in 2023, reflecting a 62.3% decrease [108]. - The company reported a significant increase in other income and losses, totaling HKD 44,154,000 compared to a loss of HKD 176,163,000 in 2023 [106]. - The company’s basic and diluted loss per share improved to HKD 17.51 from HKD 28.99 in the previous year [106]. - The company reported a loss of HKD 292,782 for the period ending April 1, 2024, compared to a loss of HKD 484,845 for the same period in 2023, indicating an improvement of approximately 39.5% [120]. Asset Management - The net asset value attributable to equity holders of the company is HKD 8.01 billion [24]. - The company’s total assets decreased to HKD 11,033,248,000 from HKD 11,035,735,000, indicating a slight decline [114]. - The company’s total liabilities as of September 30, 2024, were HKD 8,000,149, a decrease from HKD 8,673,307 in the previous year, reflecting a reduction of approximately 7.7% [120]. - The company’s investment properties decreased in value, with a fair value of HKD 7,095,660,000 as of September 30, 2024, down from HKD 7,522,302,000 [111]. - The company has pledged assets with a total book value of HKD 6,996,704,000 as of September 30, 2024, down from HKD 7,923,608,000 as of March 31, 2024 [186]. Cash Flow and Reserves - The group’s total cash reserves, including bonds and securities investments, amount to HKD 2 billion, with cash and bank balances of approximately HKD 1.9 billion [23]. - The group recorded a gross profit of HKD 19 million, with a gross profit margin of 20.6% [27]. - Cash and cash equivalents at the end of the period were HKD 1,969,829,000, down from HKD 2,243,568,000 as of March 31, 2024 [111]. - The group’s cash and bank balances, along with bond and securities investments, amounted to HKD 2,031,000,000 as of September 30, 2024, down from HKD 2,302,400,000 as of March 31, 2024 [84]. Property Sales and Developments - The group has developed a 27-story residential building in Ap Lei Chau with 105 units, achieving total sales of approximately HKD 43.7 million from 10 units sold as of the report date [18]. - The ONE SOHO project in Mong Kok has sold all 322 residential units for a total consideration of approximately HKD 2.2 billion, with 101 units delivered during the reporting period generating about HKD 600 million [21]. - The project at 16-20 Gough Street, Central, Hong Kong has a total floor area of approximately 34,675 square feet and is expected to be completed in Q1 2025, with an impairment provision of approximately HKD 32,200,000 recorded during the review period [40]. - The project at 28 Po Shan Road, Hong Kong has a total floor area of approximately 44,431 square feet and is expected to be completed in Q1 2025, with ongoing discussions on various options to expedite capital returns [43]. Rental Income - Rental and other income from the property at 30-32 Connaught Road Central was approximately HKD 18,000,000, with increased competition expected due to new developments in the area [31]. - Rental and other income from the property at 219 Nathan Road increased to approximately HKD 27,200,000, attributed to improved tenant mix and increased foot traffic [34]. - The property at 165 Yuen Chau Street generated rental income of approximately HKD 5,100,000, with plans for redevelopment pending market conditions [34]. - The rental income from serviced apartments in Taipei was approximately HKD 1,200,000 during the review period, with ongoing promotional efforts for the residential unit [36]. Market Outlook and Strategy - The group remains optimistic about the Hong Kong property market, supported by government measures to stimulate demand and stabilize property prices [89]. - The group aims to expand its land reserves in Hong Kong, particularly in the luxury and affordable housing markets, to facilitate future property development and sales [90]. - The group plans to continue monitoring the construction progress of the Hong Kong project and will seek opportunities to liquidate investments in non-core assets to enhance financial resources [90]. Corporate Governance and Compliance - The audit committee has reviewed the interim financial information for the six months ended September 30, 2024 [102]. - The company has complied with the corporate governance code during the reporting period [102]. - The company has adopted a new share option scheme, which is valid for ten years until September 1, 2032 [104]. - The company emphasizes training and development for its employees, providing various benefits including discretionary bonuses and medical insurance [105].

Financial Performance - The group recorded net sales revenue of approximately HKD 25.8 million from the sale of the office building during the reporting period[2]. - The group reported a gross profit of HKD 19.0 million, compared to a gross loss of HKD 20.3 million in the previous year[13]. - The group’s total revenue for the six months ended September 30, 2024, was HKD 92.5 million, a decrease from HKD 215.7 million in the same period last year[13]. - The company reported a loss of HKD 361,973,000 for the six months ended September 30, 2024, compared to a loss of HKD 566,568,000 for the same period in 2023, representing a 36.1% improvement in performance[15]. - Total comprehensive loss for the period was HKD 280,540,000, down from HKD 744,301,000 in the prior year, indicating a 62.3% reduction in overall losses[15]. - The loss attributable to equity holders decreased by approximately 39.6% to HKD 292.8 million[11]. - The company reported a significant operating loss of HKD (314,577,000) compared to a profit of HKD 2,890,000 in the previous year[35]. - The company recognized a net loss of HKD (361,973,000) for the period, compared to a profit of HKD 1,793,000 in the previous year[35]. Asset and Liability Management - The group has cash reserves totaling HKD 2 billion, including approximately HKD 1.9 billion in cash and bank deposits[8]. - The company's total assets remained stable at HKD 11,033,248,000, compared to HKD 11,035,735,000 as of March 31, 2024[19]. - Non-current assets decreased to HKD 8,947,024,000 as of September 30, 2024, from HKD 9,614,624,000 as of March 31, 2024, reflecting a decline of 6.9%[17]. - Current assets totaled HKD 4,333,323,000, slightly down from HKD 4,531,354,000 in the previous period, a decrease of 4.4%[17]. - Total liabilities increased to HKD 4,029,680,000 from HKD 3,687,128,000, representing a rise of about 9%[35]. - The company's total equity decreased significantly, reflecting the overall financial challenges faced during the period[35]. - The net asset value attributable to equity holders is HKD 8,000.1 million[9]. - The group recorded a pre-tax loss of HKD 100,000 in its securities investment and trading business, including interest and other income of HKD 2,400,000 and a net gain from the sale of investments of HKD 200,000, offset by an unrealized fair value loss of HKD 2,700,000[123]. Revenue Generation - The group completed the sale of an office building in Mongolia for approximately $33 million (equivalent to about HKD 256.7 million), strengthening its financial position with net cash proceeds of about HKD 254 million[2]. - The ONE SOHO project in Mong Kok has sold all 322 residential units, generating a total value of approximately HKD 2.2 billion, with 101 units delivered during the reporting period worth about HKD 600 million[5]. - The group recorded rental income and other income from investment properties of HKD 74,100,000, an increase from HKD 64,500,000 in the previous year[74]. - Revenue from cemetery asset sales was HKD 10,255,000, up from HKD 9,060,000, indicating an increase of approximately 13%[32]. - The group’s revenue for the six months ended September 30, 2024, decreased to HKD 92,500,000, down from HKD 215,700,000 in the same period last year, primarily due to the absence of property sales recorded last year amounting to HKD 121,900,000[74]. Investment and Development - The group has developed a 27-story residential and commercial building on Ap Lei Chau, with 105 residential units, and has sold 10 units for a total sales amount of approximately HKD 43.7 million[3]. - The project at 16-20 Gage Street, Central, has a total floor area of approximately 34,675 square feet and is expected to be completed in Q1 2025, with a provision for impairment of approximately HKD 32,200,000 during the review period[92]. - The company plans to focus on market expansion and new product development as part of its future strategy[37]. - The company is focused on property development and management, with ongoing investments in new projects and potential market expansions[21]. - The company completed the sale of a subsidiary in Mongolia for approximately $33 million, resulting in a pre-tax profit of about HKD 25.8 million for the period ending September 30, 2024[46]. Financial Risks and Compliance - The group continues to face various financial risks, including credit risk, liquidity risk, cash flow and fair value interest rate risk, foreign exchange risk, and price risk[26]. - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and accuracy in reporting[22]. - The group adopted new accounting standards effective from April 1, 2024, but assessed that these changes will not have a significant impact on its performance or financial position[23]. - The group is required to adopt additional new standards starting from April 1, 2025, but anticipates no major impact on its performance or financial situation from these changes[25]. - The company has established an audit committee to oversee financial reporting procedures, risk management, and internal controls, ensuring compliance with relevant requirements[137]. Market Outlook - The group remains optimistic about the Hong Kong property market, supported by government measures and a gradual recovery in buyer confidence[131]. - Future strategies include monitoring the progress of the "Gong Zhi Street" project and seeking opportunities to enhance land reserves in Hong Kong, particularly in the luxury and affordable housing markets[132].

Chuang's Consortium International Limited Chuang's Consortium International Limited（莊 士 機 構 國 際 有 限 公 司）（「本 公 司」）董 事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2024年3月31日 止 年 度 之 綜 合 全 年 業 績 如 下： 業 務 (a) 於2023年2月1日，本 集 團 與 一 名 獨 立 第 三 方 訂 立 臨 時 買 賣 協 議，以 現 金 代 價70,300,000港 元 出 售 香 港 九 龍 珀 • 軒 之18個 住 宅 單 位。該 出 售 已 於2023年5月3日 完 成，並 已 於 本 財 政 年 度 確 認 收 入。 (c) 誠 如2024年5月9日 所 公 佈，本 集 團 與 一 名 獨 立 第 三 方 訂 立 協 議，以 代 價33,000,000美 元（相 等 於 約258,000,000港 元）出 售 位 於 蒙 古 國 之 國 際 金 融 中 心 辦 公 大 樓。該 出 售 已 於2024年6月19日 完 成。 ...

Financial Performance - The group reported a loss attributable to equity holders of HKD 484,845,000 for the six months ended September 30, 2023, compared to a loss of HKD 429,379,000 in the same period of 2022[3]. - The group recorded a gross loss of HKD 20.3 million due to impairment provisions for properties held for sale, compared to a gross profit of HKD 110.3 million in 2022[39]. - The operating loss increased to HKD 532,759,000 from HKD 449,791,000 year-over-year, indicating a worsening financial performance[194]. - The company incurred a net loss of HKD 566,568,000 for the period, compared to a net loss of HKD 503,501,000 in the prior year[194]. - Basic and diluted loss per share was HKD 28.99, compared to HKD 25.67 in the previous year, reflecting a decline in shareholder value[194]. Revenue and Sales - The group's revenue for the six months ended September 30, 2023, increased to HKD 215.7 million, up from HKD 148.7 million in 2022, primarily due to increased property sales[39]. - Property sales revenue amounted to HKD 121.9 million, a significant increase from HKD 1.4 million in 2022[39]. - Revenue for the same period was HKD 70.6 million, up from HKD 38.8 million in 2022, driven by property sales revenue of HKD 49.7 million, significantly higher than HKD 1.4 million in the previous year[111]. Expenses and Costs - The group incurred finance costs of HKD 112,021,000 for bank borrowings, an increase from HKD 69,096,000 in 2022[13]. - Sales and marketing expenses increased to HKD 12,700,000 (2022: HKD 7,300,000) due to increased sales activities[59]. - Administrative and other operating expenses decreased to HKD 117,300,000 (2022: HKD 148,600,000) primarily due to reduced business activities and cost savings[59]. - Financing costs rose to HKD 78,800,000 (2022: HKD 65,300,000) mainly due to increased interest rates[59]. Dividends and Shareholder Returns - The group did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[2]. - The group did not declare an interim dividend for the six months ended September 30, 2023, maintaining a conservative approach in the current uncertain business environment[40]. Assets and Liabilities - Total cash reserves, including bonds and securities investments, amounted to HKD 2,600,000,000, with cash and bank balances totaling approximately HKD 2,500,000,000[37]. - The total borrowings as of September 30, 2023, were HKD 3,954,051,000, down from HKD 4,227,715,000 as of March 31, 2023[9]. - The net asset value attributable to equity holders of the company is HKD 8.6733 billion[57]. - The company's net asset value attributable to equity holders is HKD 8,673,300,000, with a net asset value per share of HKD 5.19 as of September 30, 2023[177]. Market and Investment Strategy - The group anticipates recognizing approximately HKD 20,000,000 in revenue from property sales contracted in the previous fiscal year, expected to complete in the second half of the current fiscal year[71]. - The group is strategically reviewing the business development and operational model of New Nylon post-sale[131]. - The group anticipates a recovery in the Hong Kong property market due to expected interest rate stabilization and government incentives[136]. Property Development and Sales - The group successfully sold 18 residential units in Kowloon for HKD 70.3 million, completed on May 3, 2023, and a commercial unit for HKD 33.8 million, completed on June 8, 2023[54]. - The group has sold 183 out of 322 residential units in the ONE SOHO project, generating total revenue of approximately HKD 1.3 billion, with an additional 17 units sold post-reporting period for HKD 114.6 million[56]. - The overall construction of a development project is expected to be completed in Q1 2024, with occupancy permits anticipated in Q2 2024[74]. Impairments and Fair Value Losses - The fair value loss on investment properties was HKD 206,300,000 (2022: HKD 112,800,000), primarily due to a decrease in market value[81]. - The company recorded an impairment provision of approximately HKD 40,400,000 due to declining property market conditions and rising interest rates[91]. Investment Portfolio - The company holds investments totaling HKD 233,700,000, including HKD 102,300,000 in listed bonds and HKD 800,000 in listed securities[155]. - The investment in Beihai Group Limited and Zhongqi Group Limited has a total book value of approximately HKD 116 million as of September 30, 2023, down from HKD 142 million as of March 31, 2023[131]. Operational Updates - The company completed the sale of a retail property in Kowloon for HKD 33,800,000, reinforcing its strategy to divest non-core assets[60]. - The company is actively seeking suitable opportunities to expand its investment property portfolio to increase stable income[121]. - The company is in the process of negotiating with local authorities regarding land use rights for future development projects[124].

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佈 全部或任何部份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。 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 Chuang’s Consortium International Limited（莊士機構國際有限公司）（「本公司」）董事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2023年9月30日 止 六個月之未經審核中期業績如下： 截至2023年9月30日止六個月要點 業務 1. 於回顧期內，本集團已成功出售以下物業，該等出售貫徹本集團於非核心 資產投資減持的策略。其銷售收益已進一步加強本集團的財務狀況。 (a) 於2023年2月1日，本 集 團 與 一 名 獨 立 第 三 方 訂 立 臨 時 買 賣 協 議，以 現 金 代 價70,300,000港 元 出 售 香 港 九 龍 珀 • 軒 之18個 住 宅 單 位。該 出 售 已 於2023年5月3日完成，並已於本期內確認收入。 ...

Construction and Development Projects - The group is developing a vertical residential building with a total floor area of approximately 44,537 square feet, expected to be completed by the end of 2023[1]. - The building will feature a luxurious living and dining area with a height of 6 meters, an entertainment floor, and six residential suite floors, each with a minimum height of 3.5 meters[1]. - The project includes a garden area of about 5,200 square feet and a rooftop area of approximately 2,200 square feet[1]. - The concrete structure work for the upper building is progressing on schedule, with the base completed and construction reaching the 7th floor[1]. - The company plans to evaluate the best timing for the redevelopment of its commercial/industrial property in Hong Kong, which has a total floor area of approximately 47,258 square feet[115]. - The company is constructing a 26-story mixed-use building on a site of approximately 3,600 square feet, with an expected completion date in the second quarter of 2024[147]. - The group has successfully merged a project covering approximately 3,600 square feet, with a total floor area of about 34,741 square feet for a 26-story residential and commercial building, expected to be completed in Q2 2024[165]. - ONE SOHO project will provide a total residential floor area of approximately 112,200 square feet and commercial floor area of about 22,400 square feet, including 322 residential units[172]. Financial Performance - The company reported a total cash donation and sponsorship amounting to HKD 2,718,000, a decrease from HKD 8,160,000 in the previous year[45]. - The company reported a revenue of $21 billion for the fiscal year 2023, representing a year-over-year growth of 15%[200]. - The company's revenue for the year ended March 31, 2023, decreased to HKD 251.7 million, down from HKD 666.4 million in 2022, primarily due to the sale of properties in Tuen Mun and the absence of revenue from previously sold projects in Vietnam[133]. - Rental income and other income from investment properties amounted to HKD 141.2 million, compared to HKD 159.2 million in 2022[133]. - The company recorded a gross loss of HKD 15.2 million, a significant decline from a gross profit of HKD 441.9 million in 2022, attributed to impairment provisions for properties[134]. - The fair value loss on investment properties was HKD 532.7 million, compared to a gain of HKD 36.1 million in 2022, reflecting a decrease in property market values[134]. - The company reported a loss attributable to equity holders of HKD 966.3 million for the year, compared to a loss of HKD 523.1 million in 2022, with a loss per share of HKD 0.5777[136]. - The group reported a loss attributable to equity holders of HKD 328,700,000 for the year ending March 31, 2023, compared to a profit of HKD 227,800,000 in 2022[177]. - Revenue for the group was HKD 63,000,000, down from HKD 204,500,000 in 2022, including property sales revenue of HKD 1,400,000[177]. - The group has contracted property sales of approximately EUR 5,700,000 (equivalent to about HKD 48,800,000), expected to be recognized as revenue in Q3 2023[177]. Environmental Impact and Sustainability - The total indirect greenhouse gas emissions (Scope 2) were recorded at 2,783 metric tons of CO2 equivalent, slightly down from 2,795 metric tons[43]. - The total water consumption increased to 54,261 cubic meters from 45,803 cubic meters, indicating a rise in resource usage[43]. - The total paper consumption decreased to 3,893 kilograms from 4,650 kilograms, reflecting an improvement in resource efficiency[43]. - The company plans to upgrade heating, ventilation, and air conditioning systems to more energy-efficient models, aiming to reduce energy consumption and greenhouse gas emissions[48]. - The group is committed to increasing the number of properties with green building certification in its Hong Kong developments[48]. - The company aims to manage its environmental impact through various strategies, although no significant impact on natural ecosystems was reported[102]. - Total greenhouse gas emissions (Scope 1 and 2) decreased from 3,253 to 3,018 metric tons of CO2 equivalent[94]. - Total energy consumption increased from 6,294,043 to 6,456,438 kilowatt-hours[94]. - The company encourages employees to participate in environmental initiatives, including energy-saving technologies and reducing unnecessary energy use after hours[48]. Employee and Organizational Development - The company emphasizes employee development through comprehensive training programs aimed at enhancing professional skills and knowledge[57]. - The group has implemented a quality assurance process across its operations to ensure the health and safety of employees, contractors, and customers while delivering high-quality products and services[37]. - Employee headcount decreased from 264 to 239, with a notable reduction in senior management from 21 to 19[96]. - Employee turnover rate for males increased from 26% to 30%, while for females it rose from 18% to 26%[96]. - The company reported a total of 239 employees, all of whom are full-time[96]. - The group maintains a whistleblowing system to report any misconduct or irregularities, ensuring fair investigation through its audit committee[64]. Strategic Initiatives and Market Position - The company has operations in Hong Kong, China, and Malaysia, with a focus on environmental activities in these regions[95]. - The report indicates that the company has ceased operations in Beijing, removing it from the reporting scope[95]. - The company is considering various strategies, including potential sales, to maximize returns from its residential property in Deep Water Bay, Hong Kong[118]. - The company has initiated promotional efforts for its investment property project in Mongolia, which is expected to become one of the tallest office buildings in the country upon completion[121]. - The company completed a strategic acquisition of a tech startup for $300 million, expected to enhance its product offerings and market position[200]. - The company plans to implement a new marketing strategy, allocating an additional $100 million to digital advertising[200]. - Overall, the company remains optimistic about future growth, citing strong demand and a robust pipeline of new products[200].

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佈 全部或任何部份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。 截 至2023年3月31日 止 年 度 全 年 業 績 之 公 佈 Chuang’s Consortium International Limited（莊士機構國際有限公司）（「本公司」）董事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2023年3月31日 止 年度之綜合全年業績如下： 截至2023年3月31日止年度要點 業務 1. 自2022年4月1日以來，本集團已成功出售以下物業，該等出售貫徹本集團 於 非 核 心 資 產 投 資 減 持 的 策 略。其 銷 售 收 益 已 進 一 步 加 強 本 集 團 的 財 務 狀況。 (a) 於2022年8月5日，本 集 團 與 一 名 獨 立 第 三 方 訂 立 買 賣 協 議，以 代 價 約 人 民 幣132,100,000元（相 等 於 約149,700,000港 元）出 售 位 於 中 華 人 民 共 ...

Financial Performance - The group's revenue for the six months ended September 30, 2022, decreased to HKD 148.7 million, down from HKD 481.1 million in 2021, primarily due to the sale of properties in Tuen Mun and Vietnam in the previous year[29]. - Property sales revenue was HKD 1.4 million, a significant drop from HKD 270.4 million in 2021, while rental income and other income totaled HKD 74.3 million, down from HKD 79.4 million[29]. - Gross profit decreased to HKD 110.3 million from HKD 302.4 million, but the gross profit margin increased to 74.2% from 62.9% due to a lower proportion of revenue from the property sales segment[29]. - The group reported a loss attributable to equity holders of HKD 429.4 million, compared to a profit of HKD 287.3 million in 2021, with a loss per share of HKD 0.2567[34]. - The total comprehensive loss for the period was HKD 814,616,000, compared to a comprehensive income of HKD 626,815,000 in 2021, reflecting a change of approximately 230.0%[116]. - The company reported a net loss of HKD 503,501 million for the period, highlighting challenges in operational performance[146]. - The company reported a total comprehensive loss of HKD 628,911,000 for the period, compared to a total comprehensive loss of HKD 503,501,000 in the previous period[124]. Asset Management - The group completed the sale of a property in Dongguan, China, for approximately RMB 132.1 million (around HKD 149.7 million), enhancing its financial position with a net cash inflow of approximately RMB 127.6 million (around HKD 144.6 million) after taxes[18]. - The group is in the process of selling land and factory buildings in Singapore for SGD 21 million (approximately HKD 118.4 million), expecting a net gain of SGD 15.2 million (approximately HKD 85.7 million) upon completion, projected within 2023[19]. - The group has agreed to sell assets related to a ship project for up to EUR 17 million (approximately HKD 131 million), which will further adjust its investment strategy and increase operational funds[20]. - The company completed the sale of a subsidiary for approximately HKD 149,700,000, resulting in a loss on the sale of HKD 156,500,000[158]. - The company’s cash inflow from the sale of subsidiaries was HKD 1,458,001,000, reflecting a significant liquidity event for the organization[195]. Investment and Development Projects - The ONE SOHO project has pre-sold 191 units with a total pre-sale value of approximately HKD 1.36 billion, targeting an estimated total sales value of HKD 2.3 billion[23]. - The group is developing a vertical residential building on Po Shan Road, with a total floor area of approximately 44,531 square feet, expected to be completed by the end of 2023[24]. - The group has successfully merged a redevelopment project on Gai Zhi Street, with approved plans for a 26-story mixed-use building, expected to be completed in the second half of 2023[25]. - The project at 16-20 Gough Street, Central, Hong Kong, has a total floor area of approximately 34,739 square feet and is expected to be completed in the second half of 2023[52]. - The project at 28 Po Shan Road, Hong Kong, is being developed into an eight-story luxury residential building with a total floor area of approximately 44,531 square feet, expected to be completed by the end of 2023[55]. - The ONE SOHO project in Mong Kok, Hong Kong, will provide a total residential floor area of approximately 112,200 square feet and is expected to obtain completion in Q1 2023[57]. Financial Position and Liquidity - The group has a total cash reserve of HKD 4.4 billion, including cash and bank deposits of approximately HKD 4.2 billion[26]. - The net asset value attributable to equity holders of the company is HKD 9.75 billion[27]. - The group's net debt to equity ratio stands at 8.8%[28]. - The company's cash and bank balances, along with bond and securities investments, totaled HKD 4,443,600,000 as of September 30, 2022, compared to HKD 5,170,800,000 as of March 31, 2022, indicating a decline of about 14.09%[95]. - The company's total liabilities decreased from HKD 2,499,260,000 to HKD 2,292,499,000, a reduction of approximately 8.3%[121]. - The company reported a net interest income received of HKD 14,543,000, compared to no income in the previous year, showing a positive shift in financial performance[123]. Market Outlook and Strategy - The company anticipates a gradual recovery in the Hong Kong property market and economy as social distancing measures are eased and quarantine-free travel resumes[99]. - The company plans to seek opportunities to monetize investments in various properties and reduce holdings in non-core assets to enhance financial resources and capabilities for land reserves in Hong Kong, particularly in the luxury and affordable housing markets[99]. - The implementation of the above strategies is expected to improve the company's profitability and financial condition, creating more value for shareholders[99]. Operational Challenges - The net loss from other income and losses was HKD 278.3 million, compared to a loss of HKD 567.4 million in 2021, mainly due to losses from bond investments[33]. - The company has ceased hotel operations after selling its hotel in Hong Kong as of March 31, 2022, and has reclassified related performance as discontinued operations[128]. - The company reported a loss from joint ventures of HKD 7,186,000 in 2022, compared to a profit of HKD 1,354,000 in 2021[162].

Financial Performance - The group recorded a total revenue of HKD 666,400,000 for the fiscal year, a decrease from HKD 2,089,500,000 in 2021, primarily due to reduced sales from the Tuen Mun project[24]. - The group has recorded a gross profit of HKD 441,900,000, with a gross profit margin of 66.3%, up from 46.7% in 2021[24]. - The company's loss attributable to equity holders was HKD 523,100,000, compared to a profit of HKD 37,500,000 in 2021, with a loss per share of HKD 0.3128[29]. - For the year ending March 31, 2022, the group reported a profit attributable to shareholders of HKD 227,800,000, a decrease from HKD 419,000,000 in 2021, with total revenue of HKD 204,500,000 compared to HKD 1,779,700,000 in 2021[94]. - Other income and net loss amounted to a loss of HKD 1,747,900,000, compared to a net income of HKD 324,300,000 in 2021, primarily due to unrealized fair value losses on bond investments[25]. Cash and Debt Management - The group’s cash reserves totaled HKD 5,170,000,000, with cash and bank balances increasing by 82% to HKD 4,180,000,000[18]. - The net debt to equity ratio improved to 2.2% from 12.9% in 2021, reflecting a stronger financial position[20]. - The cash and bank balances, along with bond and securities investments, amount to HKD 5,170,800,000 as of March 31, 2022, compared to HKD 5,633,400,000 in 2021[187]. - The outstanding customer loans as of March 31, 2022, amount to approximately HKD 174,800,000, an increase from HKD 169,600,000 in 2021[185]. - The total face value of overdue bonds as of March 31, 2022, is approximately HKD 322,500,000, with a total market value of about HKD 43,700,000[176]. Dividends and Shareholder Returns - The group has proposed a total dividend of HKD 0.28 per share for the year, an increase of approximately 8.3 times compared to HKD 0.03 per share in 2021[20]. - The board proposed a final dividend of HKD 0.02 per share for the year ending March 31, 2022, up from HKD 0.015 in 2021, with total dividends for the year amounting to HKD 0.28 per share, an increase of approximately 8.3 times[30]. Project Developments - The group plans to complete the construction of the ONE SOHO project in the first quarter of 2023, with total pre-sales amounting to approximately HKD 1,360,000,000[12]. - The group is optimistic about the prospects of the Central project, which has received approval for a 26-story mixed-use building[14]. - The company is developing a project in Central Hong Kong with a total floor area of approximately 34,871 square feet, with foundation works underway and expected completion in Q2 2023[76]. - The company is developing a residential project in Taipei, generating rental income of approximately HKD 2.1 million from serviced apartments[70]. - The project in Guangzhou has completed the first two phases, with a total floor area of approximately 260,800 square meters, providing 2,077 residential units and 1,497 parking spaces[136]. Sales and Marketing - Sales and marketing expenses decreased to HKD 32,200,000 from HKD 110,900,000 in 2021, primarily due to reduced sales commission amortization[28]. - The group has initiated marketing strategies for the new residential project, which is expected to be completed by the end of 2023[13]. - The total sales revenue from the 371 residential units in Tuen Mun was approximately 1.7185 billion HKD, with 365 units and 3 parking spaces delivered in the previous fiscal year[130]. Investment Properties - The group’s investment properties in Tuen Mun generated an annual rental income of approximately HKD 2,600,000, with the property valued at approximately HKD 175,900,000 as of March 31, 2022[97]. - The total rental income from a commercial property in Shenzhen was HKD 13,700,000 for the year ending March 31, 2022, with a new lease agreement generating initial monthly rent of RMB 680,000[48]. - The company is actively promoting leasing for its properties, including 18 residential units in a mixed-use building, generating rental income of approximately HKD 2.8 million[63]. Employee and Operational Management - The group has 168 employees as of March 31, 2022, excluding the China division, which has 112 employees[192]. - The group emphasizes training and development for employees, providing various benefits including discretionary bonuses, double pay, and medical insurance[192]. - The company plans to enhance its financial resources by divesting non-core assets and increasing land reserves in Hong Kong, particularly in the luxury and affordable housing markets[191]. Market Conditions and Future Outlook - The company anticipates a gradual recovery in the Hong Kong property market and economy as social distancing measures are lifted and quarantine-free travel resumes[191]. - The company is closely monitoring foreign exchange risks due to its operations outside Hong Kong, although significant impacts on operations are not expected[190]. - The company plans to explore more leasing options to enhance occupancy rates in its shopping mall properties, particularly in response to the impacts of COVID-19[37].