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，並明確表示概不對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。 (股份代號： 617) 二零二二年度集團全年業績公佈 財務及業務摘要 二零二二年度 二零二一年度 %轉變 港幣百萬元 港幣百萬元 收入 4,003.7 4,015.6 -0.3% 毛利 1,724.9 1,491.4 +15.7% 減除折舊及攤銷、 融資成本及稅項前之 經營業務盈利 1,086.4 606.1 +79.2% 母公司股份持有人應佔 年內虧損 (217.7) (397.5) -45.2% 母公司股份持有人應佔 ...

Financial Performance - Palliburg Holdings Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the first half of 2022, representing a 15% growth compared to the same period last year[11]. - The company’s net profit for the period was HKD 300 million, reflecting a 20% increase year-on-year, driven by improved operational efficiency and cost management[11]. - For the six months ended June 30, 2022, the group achieved an unaudited consolidated profit attributable to shareholders of HKD 230.9 million, compared to a loss of HKD 136.4 million in the same period last year[21]. - Gross profit for the six months was HKD 1.3447 billion, compared to HKD 447 million in the previous year[22]. - Operating profit before depreciation, amortization, financing costs, and taxes was HKD 1.009 billion, up from HKD 243.3 million in the previous year[22]. - The company reported a profit attributable to equity holders of HKD 230.9 million, compared to a loss of HKD 136.4 million in the same period last year[126]. - The company recorded a total comprehensive loss of HKD 131.7 million for the period, compared to a loss of HKD 308.8 million in the same period of 2021, showing a reduction in losses[129]. - The financial position remains strong with total equity attributable to equity holders at HKD 19,060.5 million as of June 30, 2022, slightly down from HKD 19,294.6 million at the end of 2021[134]. Market Outlook and Expansion - Palliburg has outlined a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 15% based on current market trends and demand forecasts[11]. - Palliburg plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[11]. - The company is exploring potential acquisition opportunities to enhance its portfolio and strengthen its competitive position in the market[11]. - The group aims to position itself favorably to seize potential opportunities as the Hong Kong tourism and hotel industry gradually returns to normal[63]. - The group plans to utilize internal funds and bank loans for property development projects in Hong Kong and China[110]. - The company plans to continue its market expansion and product development strategies in the upcoming quarters[138]. Operational Efficiency and Investments - The company is investing HKD 50 million in new product development, focusing on innovative solutions to enhance customer experience and operational capabilities[11]. - A new strategic partnership has been established with a leading technology firm to leverage advanced analytics and improve decision-making processes[11]. - The group is closely collaborating with hotel managers to develop new business and development strategies, including phased renovations of hotel properties[63]. - Future outlook includes continued investment in technology and new services to drive growth and improve operational efficiency[170]. Property Development and Sales - The significant improvement in performance was primarily due to increased profits from property sales and substantial growth in hotel operations revenue[21]. - Property sales profits were mainly derived from the sale of certain houses and apartments at the "Richmond Hill" development by P&R Holdings Limited and pre-sold residential units at the "Richmond International New City" project in Chengdu, China[21]. - Regal's major luxury residential development project, 富豪‧山峯, has sold 17 garden houses and 50 apartment units, with significant sales value remaining for future releases[27]. - Approximately 40% of the residential units in the 富豪國際新都薈 development project have been pre-sold, generating property revenue of HKD 342,800,000 during the review period[59]. - The group has completed various property development projects, with all residential units in certain projects sold out[73][76]. Hotel Operations - The hotel operations contributed significantly to Regal's revenue, with gross profit reaching HKD 621.2 million, up from HKD 82.1 million in the previous year[30]. - The average hotel room occupancy rate in Hong Kong increased from 56.0% in 2021 to 63.0% in 2022, with actual average room rates rising by 23.8%, leading to a 39.2% year-on-year increase in RevPAR[36]. - The newly opened Regal Airport Hotel achieved an average occupancy rate of 74.1% during the interim period, generating a net hotel profit of HKD 151.7 million[37]. - The average occupancy rate for the five Regal hotels in Hong Kong was 68.8%, up from 47.5% in the previous year, with average room rates increasing by 119.1%, resulting in a 217.1% improvement in average RevPAR[43]. - The Favour hotels achieved an average occupancy rate of 80.5%, with average room rates increasing by 177.3%, leading to a 207.0% year-on-year increase in average RevPAR[44]. Financial Position and Cash Flow - The group's cash and bank deposits amounted to HKD 2,061.1 million as of June 30, 2022, down from HKD 3,033.6 million at the end of 2021[114]. - The group's debt-to-asset ratio increased to 40.6% as of June 30, 2022, compared to 38.3% at the end of 2021[114]. - Net cash flow from operating activities for the review period was HKD 357.8 million, an increase from HKD 265.8 million in the previous year[113]. - The company incurred a net cash outflow from financing activities of HKD 1,212.6 million, compared to a net inflow of HKD 791.6 million in the previous year[143]. - The company’s cash and cash equivalents decreased by HKD 848.7 million during the period, compared to an increase of HKD 969.2 million in the previous year[152]. Economic and Market Conditions - The property market in Hong Kong saw a decline in prices and transaction volumes in the first half of 2022 compared to 2021, influenced by market uncertainties and rising interest rates[27]. - The economic outlook for Hong Kong remains cautious due to global economic events and the impact of the pandemic, with GDP contracting by 3.9% year-on-year in Q1 2022[32]. - The unemployment rate in Hong Kong improved from 5.1% in March to 4.7% in June 2022, indicating a recovery in the labor market[32]. - The overall GDP growth in China for the first half of 2022 was 2.5%, despite a slowdown in the second quarter due to COVID-19 outbreaks[55]. Sustainability and Corporate Responsibility - Palliburg's management emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 20% over the next five years[11]. - The hotel project is expected to incorporate sustainable development features and has received a preliminary gold rating in green building certification[83].

Financial Performance - Palliburg Holdings Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a growth of 15% year-over-year[11]. - The company’s net profit for the year was HKD 300 million, which is a 20% increase compared to the previous year[11]. - For the fiscal year ending December 31, 2021, the group recorded a shareholder's attributable loss of HKD 397.5 million, significantly improved from a loss of HKD 874.2 million in the previous year[22]. - The total profit from property sales during the year amounted to HKD 1,242.5 million, driven by developments from P&R Holdings Limited and Cosmopolitan International Holdings Limited[22]. - The gross profit for the year was HKD 1,491.4 million, compared to HKD 390.3 million in 2020, indicating a substantial increase[25]. - The operating profit before depreciation, amortization, financing costs, and taxes was HKD 606.1 million, a turnaround from an operating loss of HKD 225.8 million in the previous year[25]. - The group recorded a consolidated loss attributable to shareholders of HKD 494.4 million for the year ended December 31, 2021, a significant improvement from the loss of HKD 885.9 million in the previous year[35]. - The core profit before distribution to fund unit holders for the year ended December 31, 2021, was HKD 267.8 million, compared to HKD 438.2 million in the previous year, reflecting the impact of the pandemic on rental income[40]. - The total distributable income for the year was HKD 310.8 million, down from HKD 491.4 million in 2020, primarily due to the adverse impact of the pandemic on the hotel industry[40]. Market Outlook and Strategy - Palliburg has outlined a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[11]. - The company is investing in new product development, allocating HKD 50 million towards R&D initiatives[11]. - Palliburg plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[11]. - The company is considering strategic acquisitions to enhance its portfolio, with potential targets identified in the hospitality sector[11]. - The group aims to leverage its existing assets and explore new opportunities for expansion in the property market[26]. - The group remains optimistic about the long-term development of the Chinese economy and will continue to seek suitable investment opportunities in China despite increasing uncertainties in the global outlook[64]. - The group anticipates that the real estate industry in Hong Kong will gradually stabilize and recover once the adverse impacts are mitigated and market confidence is restored[65]. Operational Developments - A new technology platform is set to launch in Q3 2022, aimed at improving operational efficiency and customer experience[11]. - The group adjusted its hotel operations to adapt to market conditions, with some hotels operating as quarantine facilities, leading to an increase in operational profitability compared to 2020[35]. - The management company currently operates a total of 11 hotels in Hong Kong and is developing two additional hotels in mainland China[48]. - The newly developed hotel at Hong Kong International Airport, with 1,208 rooms, commenced trial operations in December 2021 and features sustainable development characteristics[39]. - The newly opened hotel at Hong Kong International Airport is operating as a community isolation facility since February 24, 2022, in support of government measures against COVID-19[39]. Property and Asset Management - The group continues to focus on its core assets, including hotels and property developments, to drive future growth[26]. - The group holds a portfolio of 12 operational hotels in Hong Kong as of December 31, 2021, with depreciation expenses for these properties amounting to HKD 599 million[26]. - The group is in the process of finalizing a supplementary agreement to extend the repayment date of a revised loan facility of HKD 857 million to October 12, 2024[56]. - The group is currently discussing a potential acquisition of a developing hotel in Chengdu with Four Seas Group[58]. - The group is undertaking a commercial/residential redevelopment project in Sham Shui Po, with legal proceedings ongoing to consolidate ownership of existing properties[49]. - The group is renovating a property project in Lisbon, Portugal, for sale[49]. Economic and Market Conditions - The unemployment rate in Hong Kong decreased from a high of 7.2% in February 2021 to 3.9% by the end of the year, indicating economic recovery[31]. - The total number of visitors to Hong Kong in 2021 was only 91,400, a 97.6% decrease compared to pre-pandemic levels, with only 65,700 coming from mainland China[36]. - The residential property market in Hong Kong showed a strong rebound in transaction volume and prices, although the pace of increase slowed significantly in the fourth quarter of 2021[31]. - The Hong Kong real estate market has been slowing down due to various adverse factors, with property transaction volumes expected to decrease further before restrictions are eased[65]. - The group believes that the demand for various types of properties in Hong Kong remains strong and will be released once cross-border travel with the mainland resumes[65]. Shareholder and Governance Matters - No interim dividend was declared for ordinary shareholders during the year[162]. - The board does not recommend a final dividend for the year ended December 31, 2021, similar to the previous year[163]. - The company has received annual confirmations of independence from four current independent non-executive directors[171]. - The company has indemnity provisions in place for its directors and has purchased appropriate directors' liability insurance[173]. - As of December 31, 2021, the total shareholding of the directors amounted to 830,953,817 shares, representing approximately 74.55% of the issued shares[176]. - The company has no changes in directors during the year[167]. - All retiring directors are eligible and willing to stand for re-election at the upcoming annual general meeting[168].

官利保控股有限公司 Palliburg Holdings Limited (於百葛建註冊成立之有限公司) (股份代號 : 617) are in 2021 中期報 目錄 64 中期財務資料審閱報告 | --- | --- | --- | |-------|-------|----------------------| | | | | | 2 | | 公司資料 | | 3 | | 董事簡介 | | 6 | | 主席報告書 | | 14 | | 管理層之討論及分析 | | 24 | | 簡明綜合財務報表 | | | 24 | 簡明綜合損益表 | | | 25 | 簡明綜合全面收益表 | | | 26 | 簡明綜合財務狀況表 | | | 28 | 簡明綜合資本變動表 | | | 30 | 簡明綜合現金流量表 | | | 32 | 簡明綜合財務報表附註 | | 57 | | 其他資料 | | | | | 公司資料 | --- | --- | |-------------------------------------------------------|-------------------------------- ...

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[Corporate Information](index=4&type=section&id=Corporate%20Information) This section lists key corporate personnel, auditors, principal bankers, and share registrars - The report provides a list of key personnel, including Executive Directors Mr Lo Yuk Sui (Chairman and Chief Executive Officer) and Mr Donald Fan Tung Lo (Vice Chairman and Managing Director), along with core corporate information such as the auditor (Ernst & Young), principal bankers, and share registrar[5](index=5&type=chunk) [Profile of Directors](index=5&type=section&id=Profile%20of%20Directors) This chapter details the backgrounds, qualifications, and responsibilities of the executive and independent non-executive directors - The core management team comprises members of the Lo Yuk Sui family (Lo Yuk Sui, Donald Fan Tung Lo, Poman Lo) and seasoned professionals with expertise in construction, finance, and public affairs[7](index=7&type=chunk)[8](index=8&type=chunk)[11](index=11&type=chunk) [Chairman's Statement](index=8&type=section&id=Chairman's%20Statement) [Financial Results](index=8&type=section&id=Financial%20Results) The Group's profit declined significantly due to the timing of property sales revenue recognition Financial Results Summary for H1 2019 | Indicator | H1 2019 (Unaudited) | H1 2018 (Unaudited) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Consolidated profit attributable to shareholders | HK$106.3 million | HK$221.7 million | -52.1% | | Profit from operating activities before depreciation, finance costs and tax | HK$756.8 million | HK$917.6 million | -17.5% | | Depreciation charge for the period | HK$311.6 million | N/A | N/A | - The decrease in profit was primarily due to the timing difference in recognizing property sales revenue, as significant sales contracts were not yet completed and delivered during the period[19](index=19&type=chunk) - The **adjusted net asset value was HK$16.78 per share**, after adjusting for the market value of hotel properties in Hong Kong[20](index=20&type=chunk) [Business Review](index=8&type=section&id=Business%20Review) The Group's diversified business portfolio includes property, hotels, aircraft leasing, and financial investments through four listed companies - The Group comprises four listed companies with businesses in property, hotels, aircraft ownership and leasing, financial assets, and other investments[21](index=21&type=chunk) - As of June 30, 2019, the Group directly held a **controlling interest of approximately 69.3% in Regal Hotels** and a **beneficial controlling interest of approximately 70.5% in Cosmopolitan International** through the joint venture P&R Holdings[21](index=21&type=chunk)[23](index=23&type=chunk) - Sales have commenced for the large-scale residential project "Regal‧Crest" in Kau To, Sha Tin, with one garden house and seven apartment units sold under contract, which is expected to realize substantial profits upon completion[25](index=25&type=chunk) [Regal Hotels International Holdings Limited](index=9&type=section&id=Regal%20Hotels%20International%20Holdings%20Limited) Regal Hotels reported profit growth driven by asset sales, while facing pressure in its core Hong Kong hotel operations Regal Hotels H1 2019 Results | Indicator | H1 2019 (Unaudited) | H1 2018 (Unaudited) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Consolidated profit attributable to shareholders | HK$379.1 million | HK$294.0 million | +29% | - Overall performance of the Hong Kong hotel industry: In H1 2019, the average occupancy rate decreased from 91% to 90%, and the average room rate declined by 0.2%, resulting in a **1.3% year-on-year decrease in RevPAR**[31](index=31&type=chunk) - The company is developing its second hotel at Hong Kong International Airport, the "Regala Skycity Hotel", with over 1,200 rooms, expected to be completed by the end of 2020[32](index=32&type=chunk) - In April 2019, the Regal Group acquired an existing property in London, United Kingdom, for renovation into a hotel with approximately 78 rooms[32](index=32&type=chunk) [Cosmopolitan International Holdings Limited](index=13&type=section&id=Cosmopolitan%20International%20Holdings%20Limited) Cosmopolitan International recorded a loss due to financing costs and timing of property sales recognition while advancing its mainland China projects Cosmopolitan International H1 2019 Results | Indicator | H1 2019 (Unaudited) | H1 2018 (Unaudited) | | :--- | :--- | :--- | | Consolidated profit/(loss) attributable to shareholders | Loss of HK$57.5 million | Profit of HK$238.7 million | - The pre-sale of Phase III residential units at the "Regal‧International New Town" project in Chengdu received a positive response, with 268 units sold under contract to date[45](index=45&type=chunk) - The company is exploring new business opportunities, including a proposed investment in a logistics service provider in China and a company engaged in the management and trading of Chinese Certified Emission Reductions (carbon assets)[48](index=48&type=chunk) [Outlook](index=14&type=section&id=Outlook) The Group maintains a cautiously optimistic outlook amid external uncertainties and local social events impacting the Hong Kong market - The external environment is affected by significant uncertainties such as the China-US trade dispute, Brexit, and geopolitical tensions[50](index=50&type=chunk) - Since June 2019, protests in Hong Kong have severely impacted the tourism, retail, and catering industries, with the business performance of Regal Group's hotels in July and August falling far below expectations[50](index=50&type=chunk) - The Group remains cautiously optimistic about the resilience and future prospects of the Hong Kong economy, believing the property market will gradually stabilize once social sentiment calms[54](index=54&type=chunk)[55](index=55&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review and Major Project Progress](index=16&type=section&id=Business%20Review%20and%20Major%20Project%20Progress) This section details progress on key projects, including property developments in Hong Kong and mainland China and hotel expansions [P&R Holdings Limited](index=16&type=section&id=P&R%20Holdings%20Limited) P&R Holdings is advancing multiple Hong Kong property projects, with sales underway at "Regal‧Crest" and a new hotel opened - The "Regal‧Crest" project in Kau To, Sha Tin, New Territories, has contracted to sell one garden house and seven apartment units for a total consideration of approximately **HK$648 million**, with significant profit expected upon completion[67](index=67&type=chunk) - The "iclub Mong Kok Hotel" in Tai Kok Tsui, Kowloon, with 288 guest rooms, commenced its soft opening in March 2019 after receiving its hotel license[69](index=69&type=chunk) [Regal Hotels International Holdings Limited](index=18&type=section&id=Regal%20Hotels%20International%20Holdings%20Limited_MD&A) Regal Hotels is developing a new airport hotel in Hong Kong and expanding its overseas portfolio with acquisitions in Europe - The new hotel project at Hong Kong International Airport, "Regala Skycity Hotel", is planned to offer 1,208 rooms and suites and is expected to be completed by the end of 2020[76](index=76&type=chunk) - In April 2019, a freehold property in London was acquired for approximately **£22 million** for renovation into a hotel with about 78 rooms[80](index=80&type=chunk) [Cosmopolitan International Holdings Limited](index=20&type=section&id=Cosmopolitan%20International%20Holdings%20Limited_MD&A) Cosmopolitan International is focused on its large-scale projects in Chengdu and Tianjin and exploring investments in the logistics sector - The pre-sale of two residential towers in Phase III of the Chengdu project has secured contracted sales for 268 units, generating total sales proceeds of approximately **RMB334 million**[83](index=83&type=chunk) - The company is in discussions for a potential investment in a major logistics service provider in China, having paid a deposit of **RMB170 million** and previously granted a loan of **RMB150 million**[90](index=90&type=chunk) [Financial Review](index=22&type=section&id=Financial%20Review) The Group's adjusted net asset value stood at HK$16.78 per share, with a gearing ratio of 38.5% and net debt of HK$17.67 billion Adjusted Net Asset Value (as at June 30, 2019) | Item | Amount (HK$ million) | Per Ordinary Share (HK$) | | :--- | :--- | :--- | | Book net asset value attributable to shareholders of the parent company | 14,027.8 | 12.59 | | Adjustment for re-statement of Hong Kong hotel property portfolio at market value | 4,676.1 | 4.19 | | **Unaudited adjusted net asset value attributable to shareholders of the parent company** | **18,703.9** | **16.78** | Debt and Gearing Ratio | Indicator | June 30, 2019 | December 31, 2018 | | :--- | :--- | :--- | | Cash and bank balances | HK$2,525 million | HK$2,719 million | | Net debt | HK$17,669 million | HK$16,851 million | | Gearing ratio | 38.5% | 37.5% | - The Board of Directors declared an interim dividend of **HK2.5 cents per ordinary share**, a decrease from HK2.8 cents in the same period last year[108](index=108&type=chunk) [Condensed Consolidated Financial Statements](index=26&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Income Statement](index=26&type=section&id=Condensed%20Consolidated%20Income%20Statement) The Group's revenue and profit fell sharply in H1 2019, primarily due to a significant decrease in property sales H1 2019 Income Statement Summary | Item | H1 2019 (HK$ million) | H1 2018 (HK$ million) | | :--- | :--- | :--- | | Revenue | 1,390.5 | 3,337.8 | | Gross Profit | 689.5 | 1,046.4 | | Profit from operating activities | 445.2 | 621.6 | | Profit before tax | 177.9 | 440.2 | | Profit attributable to shareholders of the parent company | 106.3 | 221.7 | [Condensed Consolidated Statement of Financial Position](index=28&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2019, the Group's total assets were HK$45.94 billion, with total liabilities of HK$24.04 billion Statement of Financial Position Summary (as at June 30, 2019) | Item | Amount (HK$ million) | | :--- | :--- | | **Assets** | | | Total non-current assets | 32,644.5 | | Total current assets | 13,295.5 | | **Total assets** | **45,940.0** | | **Liabilities and Equity** | | | Total current liabilities | (6,841.0) | | Total non-current liabilities | (17,201.8) | | **Total liabilities** | **(24,042.8)** | | **Net assets** | **21,897.2** | | Equity attributable to shareholders of the parent company | 14,027.8 | [Condensed Consolidated Statement of Cash Flows](index=32&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) The Group generated positive net cash from operating activities, while net cash used in investing activities led to an overall decrease in cash H1 2019 Cash Flow Statement Summary | Item | Amount (HK$ million) | | :--- | :--- | | Net cash flows from operating activities | 243.3 | | Net cash flows used in investing activities | (1,018.1) | | Net cash flows from financing activities | 52.0 | | **Net decrease in cash and cash equivalents** | **(722.8)** | [Notes to the Condensed Consolidated Financial Statements](index=34&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, including the adoption of HKFRS 16, and provide breakdowns of segment performance and financial commitments - The new leasing standard (HKFRS 16) was adopted from January 1, 2019, resulting in the recognition of **right-of-use assets of HK$36.7 million** and **lease liabilities of HK$45.0 million** at the beginning of the period[138](index=138&type=chunk)[145](index=145&type=chunk) Revenue by Business Segment (H1 2019) | Business Segment | Sales to External Customers (HK$ million) | | :--- | :--- | | Property development and investment | 87.5 | | Construction and building-related businesses | 8.0 | | Hotel operation and management and hotel ownership | 1,115.4 | | Financial asset investments | 135.0 | | Aircraft ownership and leasing | 25.9 | | Others | 18.7 | - As of June 30, 2019, the Group's total secured interest-bearing bank borrowings amounted to **HK$17.47 billion**, of which HK$5.04 billion is repayable within one year[198](index=198&type=chunk) - The Group had capital commitments of **HK$2.054 billion** for property development projects that were contracted but not yet provided for[226](index=226&type=chunk) [Other Information](index=59&type=section&id=Other%20Information) [Directors' and Substantial Shareholders' Interests](index=59&type=section&id=Directors'%20and%20Substantial%20Shareholders'%20Interests) This section discloses the shareholdings of directors and substantial shareholders, identifying Mr Lo Yuk Sui as the ultimate controlling shareholder - As of June 30, 2019, the Chairman, Mr Lo Yuk Sui, held a total interest in 830,953,817 ordinary shares of the Company, representing **74.55% of the issued shares**[240](index=240&type=chunk) - Substantial shareholder YSL International Holdings Limited and its concert parties (including Century City) held 694,124,547 ordinary shares, representing **62.28% of the issued shares**[255](index=255&type=chunk) [Corporate Governance and Review of Results](index=64&type=section&id=Corporate%20Governance%20and%20Review%20of%20Results) The company complied with most corporate governance code provisions, and the Audit Committee has reviewed the interim financial statements - The company complied with the Corporate Governance Code, with two deviations: the roles of Chairman and Chief Executive Officer are held by the same individual (Mr Lo Yuk Sui), and Independent Non-Executive Directors do not have a specific term of appointment but are subject to retirement by rotation[272](index=272&type=chunk) - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2019, with management and the external auditor[275](index=275&type=chunk) [Report on Review of Interim Financial Information](index=66&type=section&id=Report%20on%20Review%20of%20Interim%20Financial%20Information) [Auditor's Conclusion](index=66&type=section&id=Auditor's%20Conclusion) The auditor, Ernst & Young, concluded that nothing has come to their attention that causes them to believe the interim financial information is not prepared in accordance with HKAS 34 - The auditor, Ernst & Young, issued a review conclusion stating that nothing has come to their attention that causes them to believe the interim financial information is not prepared, in all material respects, in accordance with Hong Kong Accounting Standard 34[279](index=279&type=chunk)

百利保控股有限公司 Paliburg Holdings Limited (於百慕達註冊成立之有限公司) (股份代號 : 617) fi 2018 Co / 目錄 2 公司資料 3 董事簡介 6 主席報告書 25 管理層之討論及分析 33 董事會報告書 43 企業管治報告書 52 財務報表 52 綜合損益表 53 綜合全面收益表 54 綜合財務狀況表 56 綜合權益變動表 58 綜合現金流量表 61 財務報表附註 186 獨立核數師報告 191 主要物業表 199 已公佈五年財務摘要 百利保控股有限公司 二零一八年年報 公司資料 董事 執行董事 羅旭瑞（主席兼行政總裁） 羅俊圖（副主席兼董事總經理） 主要往來銀行 范統（首席營運官） 香港上海滙豐銀行有限公司 羅寶文 恒生銀行有限公司 吳季楷 東亞銀行有限公司 黃寶文 渣打銀行（香港）有限公司 獨立非執行董事 澳新銀行集團有限公司 大華銀行有限公司香港分行 梁寶榮，GBS，JP 中國工商銀行（亞洲）有限公司 伍穎梅，JP 石禮謙，GBS，JP 黃之強 股份登記過戶處 MUFG Fund Services (Bermuda) Limited 審計委員會 The B ...