Financial Performance - The company recorded a comprehensive loss attributable to shareholders of HKD 1,200,000,000 for the year ending December 31, 2024, compared to a comprehensive profit of HKD 157,000,000 for the year ending December 31, 2023[7]. - Revenue for the year was HKD 73,000,000, a slight decrease from HKD 75,000,000 in 2023, with property investment business contributing 97% of total revenue[13]. - The group recorded a loss of HKD 1,205,000,000 from its investment in LAAPL, compared to a profit of HKD 174,000,000 in 2023, primarily due to losses from a joint venture in mainland China[18]. - The group's total assets decreased to HKD 9,500,000,000 as of December 31, 2024, down from HKD 11,200,000,000 in 2023, while total liabilities increased to HKD 600,000,000 from HKD 500,000,000[20]. - The equity attributable to shareholders decreased to HKD 9,000,000,000, equivalent to HKD 4.5 per share, down from HKD 10,600,000,000 or HKD 5.3 per share in 2023[21]. - The group reported an employee cost of HKD 11,000,000 for the year, significantly reduced from HKD 23,000,000 in 2023, with a decrease in full-time employees from 27 to 23[22]. - No interim dividend was declared for the year, and the board decided against recommending any final dividend for the year, compared to a final dividend of HKD 0.01 per share in 2023[28]. Business Developments - OUE Limited, a major joint venture, is set to develop Singapore's first zero-energy hotel at Changi Airport, expected to be completed by 2028[5]. - OUE Healthcare Limited acquired a 60% stake in Rehab Matters Private Limited, enhancing its healthcare service offerings[6]. - OUE Real Estate Investment Trust (OUE REIT) sold non-core assets in mainland China, reallocating funds to more strategic uses, with all remaining assets now located in Singapore[6]. - The company aims to continue focusing on value creation and maximizing returns for stakeholders in the face of economic challenges[8]. - The company aims to diversify its business and focus on attractive investment opportunities to enhance and expand its operations while maintaining prudent financial management[25]. Visitor and Market Insights - The number of international visitors to Singapore increased by 21% to 16,500,000 in 2024, contributing positively to the local economy[12]. Corporate Governance and Management - 李國輝先生將於2024年6月7日獲委任為公司行政總裁，任期兩年[35]. - 李棕博士自2015年1月1日起擔任公司執行總裁，並於2024年6月7日調職為副主席[36]. - The company has adopted a written guideline for employees regarding the trading of the company's securities, which is not less stringent than the standard code[85]. - The board of directors consists of eight members, including four executive directors and four non-executive directors, with a majority being independent[86]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, to oversee specific matters[91]. - The board is responsible for continuous oversight of risk management and internal control systems[128]. Risk Management - The company has adopted a risk management and internal control system, which was reviewed for effectiveness during the year[110]. - Major risks identified include operational, strategic, compliance, and financial risks, with specific mitigation measures outlined for each category[138]. - The company has implemented a business continuity plan and crisis management procedures to enhance risk management practices[139]. - The company has established a systematic risk management process, including risk assessment standards and matrices to identify and manage risks effectively[135]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development and resource optimization in its operations[76]. - The ESG report for the year ending December 31, 2024, aims to enhance stakeholder understanding of the group's sustainability progress[144]. - The group adheres to the "comply or explain" principle in preparing the ESG report, ensuring transparency and accountability in its disclosures[147]. - The company is committed to enhancing corporate governance through a robust internal control system[127]. - The company is committed to providing high-quality and reliable products and services to build long-term customer relationships[164]. Employee and Workplace Practices - The company has maintained a competitive compensation scheme to attract and motivate employees, regularly reviewing and adjusting it to meet market standards[70]. - Employee well-being is a key focus, with competitive compensation and benefits exceeding legal minimums, including paid leave and health insurance[172]. - The company maintains a strict policy against child labor and forced labor, ensuring compliance during the recruitment process[176]. - The company promotes a culture of diversity and equal opportunity, treating all employees fairly regardless of their background[173]. Sustainability and Environmental Impact - The company aims to minimize environmental impact and promote sustainable practices through strict measures for monitoring and reducing emissions and waste[189]. - Nitrogen oxides emissions decreased from 6.5 tons in 2023 to 1.7 tons in 2024, a reduction of approximately 73.85%[200]. - Total greenhouse gas emissions reduced from 357.4 tons of CO2 equivalent in 2023 to 176.6 tons in 2024, representing a decrease of about 50.59%[200]. - Total energy consumption decreased significantly from 1,305.4 MWh in 2023 to 465.7 MWh in 2024, a reduction of approximately 64.29%[200]. - The company has implemented energy efficiency measures, including automatic lighting controls and energy-saving appliances, to reduce energy consumption[192].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 72,845,000, a decrease of 2.6% compared to HKD 74,794,000 in 2023[4] - Total comprehensive loss for the year was HKD 1,597,297,000, compared to a loss of HKD 26,752,000 in 2023, indicating a significant decline[5] - The company's share of losses from joint ventures amounted to HKD 1,209,144,000, a substantial increase from a profit of HKD 169,361,000 in the previous year[4] - Basic and diluted loss per share for the year was HKD (60.0), compared to earnings of HKD 7.9 per share in 2023[4] - The company reported a net loss of HKD 1,200,555,000 for the year, compared to a profit of HKD 156,158,000 in 2023, indicating a drastic shift in financial performance[4] - The company reported a consolidated loss attributable to shareholders of HKD 1,200,000,000 for the year ended December 31, 2024, compared to a profit of HKD 157,000,000 for 2023, primarily due to losses from joint ventures[30] Assets and Liabilities - Non-current assets decreased to HKD 9,361,021,000 from HKD 10,919,823,000, reflecting a decline of approximately 14.2%[6] - Cash and cash equivalents decreased to HKD 97,330,000 from HKD 145,457,000, a reduction of about 33.1%[6] - Total liabilities increased to HKD 512,417,000 from HKD 477,019,000, representing an increase of approximately 7.4%[6] - The company's equity attributable to shareholders decreased to HKD 8,966,969,000 from HKD 10,612,822,000, a decline of about 15.5%[6] - Total assets amounted to HKD 9,545,440,000, with segment assets for property investment at HKD 166,237,000[13] - The group’s total liabilities were HKD 563,296,000, with segment liabilities for property investment at HKD 506,172,000[13] - As of December 31, 2024, total assets were HKD 9,500,000,000, down from HKD 11,200,000,000 in 2023, while total liabilities increased to HKD 600,000,000 from HKD 500,000,000[37] Revenue Segments - Total revenue for the year reached HKD 72,845,000, with property investment contributing HKD 70,399,000[13] - The property development segment incurred a loss of HKD 3,638,000, while the financial investment segment generated a profit of HKD 2,024,000[13] - Revenue from external customers in Singapore was HKD 53,620,000, a slight decrease of 1.7% from HKD 54,529,000 in 2023[15] - The company’s property investment segment reported a stable revenue of HKD 70,000,000 for both 2024 and 2023[31] Expenses and Costs - Administrative expenses were significantly reduced to HKD 17,427,000 from HKD 34,429,000, a decrease of approximately 49.3%[4] - The company's other operating expenses decreased to HKD 14,000,000 in 2024 from HKD 19,000,000 in 2023, while financing costs increased to HKD 32,000,000 from HKD 27,000,000 due to higher interest rates[30] - Employee costs for the year amounted to HKD 11 million, a decrease from HKD 23 million in the previous year, with a total of 23 full-time employees as of December 31, 2024, down from 27[40] Investments and Fair Value - The group recognized a fair value loss of HKD 3,262,000 on investment properties[13] - The company recorded a loss of HKD 1,205,000,000 from its investment in LAAPL, compared to a profit of HKD 174,000,000 in 2023, mainly due to adverse impacts from the property market slowdown in mainland China[35] - The company experienced a fair value loss on investment properties of HKD 7,639,000, which improved to HKD 3,262,000 in 2024, indicating a recovery[20] Dividends and Governance - The company did not declare a final dividend for 2024, compared to a dividend of HKD 0.01 per share in 2023[27] - The company has decided not to recommend any final dividend for the year ended December 31, 2024, compared to a dividend of HKD 0.01 per share (approximately HKD 20 million) in 2023[42] - The company remains committed to high-quality corporate governance practices to enhance investor confidence[44] Economic Outlook - The global growth rate is projected at 3.3% for 2025, lower than the historical average of 3.7%, with significant downward risks due to trade protectionism and geopolitical tensions[41] Audit and Compliance - The audit committee has reviewed and agreed on the consolidated financial statements for the year ended December 31, 2024[45] - The company has not purchased, sold, or redeemed any of its listed securities during the year ended December 31, 2024[43] - There were no significant contingent liabilities or capital commitments as of December 31, 2024, consistent with the previous year[39] Operational Environment - The number of international visitors to Singapore increased by 21% to 16,500,000 in 2024, contributing positively to the company’s operational environment[29] - The company will continue to manage its business cautiously and monitor its assets and investments in a challenging operating environment[41]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 36,177 thousand, a decrease of 1.9% from HKD 36,862 thousand in the same period of 2023[4] - Total profit for the period was HKD 34,974 thousand, down from HKD 35,731 thousand year-on-year[4] - The company reported a net loss of HKD 421,967 thousand for the six months ended June 30, 2024, compared to a profit of HKD 88,171 thousand in the same period of 2023[5] - Basic and diluted earnings per share for the equity holders of the company were HKD (21.1), a significant decline from HKD 4.4 in the previous year[4] - The total comprehensive loss for the period was HKD 879,529,000, which includes a loss attributable to shareholders of HKD 444,321,000[10] - The company recorded a consolidated loss attributable to shareholders of HKD 422 million for the six months ended June 30, 2024, compared to a profit of HKD 89 million for the same period in 2023[54] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 10,109,428 thousand, down from HKD 10,919,823 thousand as of December 31, 2023[7] - Current assets decreased to HKD 212,164 thousand from HKD 238,261 thousand at the end of 2023[7] - Total liabilities as of June 30, 2024, were HKD 508,641 thousand, compared to HKD 477,019 thousand at the end of 2023[8] - The company's equity holders' total equity was HKD 9,762,966 thousand, down from HKD 10,628,992 thousand as of December 31, 2023[8] - The total assets as of June 30, 2024, were reported at HKD 10,830,068,000, compared to HKD 9,209,259,000 as of January 1, 2024, showing a growth of 17.6%[10] - The company's total liabilities as of June 30, 2024, were HKD 558,626 million, compared to HKD 529,092 million at the end of 2023[22] - The group’s total liabilities increased to HKD 600 million as of June 30, 2024, from HKD 500 million on December 31, 2023[63] Cash Flow and Financing - For the six months ended June 30, 2024, the company reported a net cash outflow from operating activities of HKD 14,346,000, compared to HKD 23,522,000 for the same period in 2023, indicating an improvement in cash flow management[11] - The company incurred financing costs of HKD 13,041,000 during the period, an increase from HKD 9,584,000 in the previous year, indicating rising borrowing costs[11] - The company’s financing activities included a loan drawdown of HKD 30,000,000, down from HKD 49,000,000 in the previous year, indicating a reduction in reliance on external financing[11] - The group declared a special dividend of SGD 0.02 per share as part of its 60th anniversary celebration[62] Investments and Joint Ventures - The company reported a pre-tax loss of HKD 432,682 million from its share of joint ventures, compared to a profit of HKD 93,010 million in the same period last year[32] - The company’s share of losses from joint ventures included a significant loss of HKD 430,239 million from Lippo ASM Asia Property Limited[32] - The company’s equity in joint ventures as of June 30, 2024, was approximately HKD 9,516,412 million, down from HKD 10,325,161 million at the end of 2023[32] - The property investment segment's profit before the group's share of joint ventures was HKD 16 million, down from HKD 20 million in 2023[55] Corporate Governance and Shareholder Structure - The company is committed to high-quality corporate governance practices, ensuring compliance with local and international standards[89] - The board believes that good corporate governance is increasingly important for maintaining and enhancing investor confidence[89] - The company has a significant shareholding structure with major shareholders including Hennessy Holdings Limited and Lippo Capital, each holding 73.95%[78] - The overall equity structure reflects a concentrated ownership model, which may influence future strategic decisions[71] Economic Environment - The overall economic environment remains challenging due to high inflation, interest rates, and geopolitical tensions, impacting various industries[53]

Financial Performance - The company reported a total revenue of HKD 36,177,000 for the six months ended June 30, 2024, a decrease of 1.9% compared to HKD 36,862,000 in the same period of 2023[1]. - The total profit for the period was HKD 34,974,000, down from HKD 35,731,000 year-on-year, reflecting a decline of 2.1%[1]. - The net loss attributable to equity holders of the company was HKD 421,610,000, compared to a profit of HKD 88,679,000 in the prior year, marking a significant decline[1]. - The basic and diluted loss per share was HKD (21.1), compared to earnings of HKD 4.4 per share in the previous year[1]. - The total comprehensive loss for the period amounted to HKD 879,529,000, compared to HKD 175,860,000 in the same period last year, indicating a substantial increase in losses[2]. - The group recorded a pre-tax loss of HKD 418,967,000, compared to a pre-tax profit of HKD 90,419,000 in the previous year, highlighting a substantial decline in overall profitability[7]. - The group recorded a consolidated loss attributable to shareholders of HKD 422 million for the six months ended June 30, 2024, compared to a profit of HKD 89 million for the same period in 2023[20]. Expenses and Costs - Administrative expenses significantly decreased to HKD 8,784,000 from HKD 17,438,000, representing a reduction of 49.6%[1]. - The company incurred financing costs of HKD 14,790,000, which increased by 30.5% from HKD 11,337,000 in the previous year[1]. - Other operating expenses decreased to HKD 7 million from HKD 10 million in 2023, while financing costs increased to HKD 15 million from HKD 11 million due to higher interest rates[20]. - The group’s unallocated corporate expenses totaled HKD 10,696,000, which negatively affected the overall profitability[7]. Asset and Equity Changes - Non-current assets totaled HKD 10,109,428,000, down from HKD 10,919,823,000 at the end of 2023, reflecting a decrease of 7.4%[3]. - The company's total equity attributable to equity holders was HKD 9,747,266,000, a decrease from HKD 10,628,992,000, indicating a decline of 8.3%[3]. - As of June 30, 2024, total assets amounted to HKD 10,321,592,000, a decrease from HKD 11,158,084,000 as of December 31, 2023[8]. - The group’s equity in joint ventures as of June 30, 2024, was approximately HKD 9,516,412,000, down from HKD 10,325,161,000 as of December 31, 2023[14]. - The net asset value attributable to equity holders was HKD 9.7 billion, equivalent to HKD 4.9 per share, down from HKD 10.6 billion or HKD 5.3 per share at the end of 2023[27]. Revenue Segmentation - The property investment segment generated a profit of HKD 16,328,000, while the property development segment reported a loss of HKD 1,954,000, indicating a significant performance disparity between segments[7]. - Revenue from project management services was HKD 209,000 for the six months ended June 30, 2024, down from HKD 246,000 for the same period in 2023, representing a decline of approximately 15%[10]. - Total income from operating leases was HKD 3,606,000 for the six months ended June 30, 2024, slightly up from HKD 3,595,000 in 2023[10]. - The property investment segment's external revenue was HKD 34,681,000, while the financial investment segment generated HKD 1,285,000, showing varied revenue generation capabilities across segments[7]. - Revenue for the period was HKD 36 million, slightly down from HKD 37 million in 2023, with property investment contributing 96% of total revenue[20]. Joint Ventures and Investments - The group's share of profits from associates was HKD 10,021,000, a substantial increase from HKD 2,954,000 in the same period last year[1]. - The group recorded a loss of HKD 430,239,000 from its share of joint ventures for the six months ended June 30, 2024, compared to a profit of HKD 93,010,000 in 2023[14]. - The group's share of the joint venture's profit before accounting for losses was HKD 16 million, down from HKD 20 million in 2023[21]. - The group recorded a loss of HKD 430 million from its investment in LAAPL, compared to a profit of HKD 93 million in 2023, primarily due to adverse performance in the Chinese market[24]. - The group’s investment in OUE Healthcare Limited is approximately 70.36% as of June 30, 2024, focusing on high-growth healthcare assets in Asia[22]. Economic and Market Conditions - The overall economic environment remains challenging due to persistent core inflation, high interest rates, and geopolitical tensions[19]. - The recovery in Singapore's travel and tourism demand has exceeded expectations, contributing to growth in the tourism-related sectors operated by the group[19]. - The group anticipates stable global growth, with Singapore's GDP growth forecast narrowed to between 2.0% and 3.0% for 2024[28]. Future Outlook and Developments - The group successfully secured a lease for a new hotel at Changi Airport, expected to be completed and operational by 2028, designed to be Singapore's first zero-energy hotel[22]. - OUE REIT's commitment occupancy rate for Singapore office properties increased to 95.2%, with a strong rental renewal increase of 11.7% in Q2 2024[22]. - The retail segment at the Mandarin Gallery achieved a high commitment occupancy rate of 98.3%, with a rental renewal increase of 28.4% in Q2 2024[22]. - The company announced no interim dividend for the six months ended June 30, 2024[30].

Financial Performance - The company reported external revenue of HKD 74,794,000, with property investment contributing HKD 69,939,000[7] - The segment performance showed a profit of HKD 24,788,000, with property investment yielding HKD 27,968,000 and property development showing a loss of HKD 4,699,000[7] - The company recorded a pre-tax profit of HKD 158,988,000, with significant contributions from joint ventures amounting to HKD 169,361,000[7] - The company recorded a consolidated profit attributable to shareholders of HKD 157 million for the year ended December 31, 2023, down from HKD 489 million in 2022, primarily due to a decrease in profit contributions from joint ventures[24] - Total profit for the year was HKD 156,158,000, a significant decrease of 67.9% from HKD 487,644,000 in the previous year[50] - The basic and diluted earnings per share for the company were HKD 7.9, down from HKD 24.5 in 2022, reflecting a decline of 67.8%[39] - The share of profits from joint ventures was HKD 169,361,000, a decrease of 69.1% from HKD 550,340,000 in the previous year[39] - The company reported a net loss of HKD 182,910,000 in other comprehensive income for the year, compared to a loss of HKD 1,101,981,000 in 2022[50] - The total comprehensive loss for the year was HKD 26,752,000, compared to a loss of HKD 614,337,000 in the previous year[50] Revenue and Expenses - Revenue from customer contracts for project management services was HKD 1,408 million in 2023, a decrease of 23% from HKD 1,827 million in 2022[14] - Revenue from operating lease property rental was HKD 7,457 million in 2023, down from HKD 7,777 million in 2022[14] - Interest income reached HKD 65,927,000, while financing costs were HKD 26,556,000[7] - Interest income increased to HKD 65,927 million in 2023 from HKD 61,660 million in 2022, reflecting a growth of approximately 3.6%[14] - The financing costs increased to HKD 26,556,000 from HKD 11,096,000, representing a rise of 139.5% year-over-year[39] - Administrative expenses rose to HKD 34,429,000 from HKD 33,582,000, indicating a year-over-year increase of 2.5%[39] - The group’s other operating expenses decreased to 19,000 thousand HKD in 2023 from 20,000 thousand HKD in 2022[73] Assets and Liabilities - The total assets amounted to HKD 11,158,084,000, with property investment assets at HKD 169,860,000 and financial investment assets at HKD 121,477,000[7] - The company reported a total liability of HKD 529,092,000, with segment liabilities from property investment at HKD 470,429,000[7] - The total assets of the company remained stable at HKD 11,200 million as of December 31, 2023, unchanged from December 31, 2022[29] - The total liabilities as of December 31, 2023, were HKD 500 million, consistent with the previous year[29] - The company’s cash and cash equivalents decreased to HKD 100 million in 2023 from HKD 200 million in 2022[29] - The net asset value decreased to 10,628,992 thousand HKD in 2023 from 10,697,719 thousand HKD in 2022, a decline of 0.64%[79] - As of December 31, 2023, the company's bank loans amounted to HKD 466,000,000, up from HKD 456,000,000 in 2022, with a capital debt ratio of 4.4%[105] Market and Strategic Initiatives - The company plans to expand its market presence, particularly in mainland China, where it reported significant revenue growth[10] - The company is focusing on new product development and technology advancements to enhance its competitive edge in the market[10] - The company plans to propose a final dividend of HKD 0.01 per share for the year ended December 31, 2023, totaling approximately HKD 20 million, compared to no interim dividend in 2022[32] - The company completed the acquisition of a 26.24% stake in Healthway Medical Corporation, expanding its healthcare network to over 130 clinics in Singapore[102] - The company plans to utilize interest rate swaps to manage interest rate risk associated with its bank loans[105] Operational Highlights - The company’s investment in properties includes a new hospital in Changshu, which opened in May 2023, providing quality medical services in the region[102] - OUE REIT's Singapore portfolio showed strong performance, driven by the full operation of 1,080 rooms at the Hilton Orchard Singapore since January 2023[117] - Changi Airport Crown Holiday Inn completed asset enhancement measures costing SGD 22 million, with 575 rooms now operational, ready to capitalize on the expected increase in travelers in 2024[117] - The committed occupancy rate for Singapore office properties was stable at 95.2% as of December 31, 2023, with retail rental renewal rates increasing by 29.8% in Q4 2023[117] - The First REIT, in which the group holds approximately 44.71% equity, focuses on healthcare-related real estate, with 32 properties including 14 nursing homes in Japan and 11 hospitals in Indonesia[118] Employment and Corporate Governance - The group had 27 full-time employees as of December 31, 2023, with employee costs amounting to HKD 23 million for the year[122] - The company has established an audit committee to review accounting principles and financial reporting matters for the year ended December 31, 2023[126]

Financial Position - As of June 30, 2023, non-current assets totaled HKD 10,790,256 thousand, a decrease from HKD 10,917,396 thousand as of December 31, 2022, representing a decline of approximately 1.2%[4] - Current assets decreased to HKD 267,812 thousand from HKD 303,283 thousand, reflecting a reduction of about 11.7%[4] - The company's net current asset value was HKD 218,356 thousand, down from HKD 249,987 thousand, indicating a decrease of approximately 12.6%[4] - The total equity attributable to equity holders of the company was HKD 10,531,429 thousand, down from HKD 10,697,719 thousand, a decrease of approximately 1.6%[5] - As of June 30, 2023, total assets amounted to HKD 11,058,068,000, a decrease from HKD 11,220,679,000 as of December 31, 2022[34] - The group's equity in LAAPL was approximately HKD 10,198,399,000 as of June 30, 2023, down from HKD 10,327,641,000 as of December 31, 2022[38] - The company's cash and cash equivalents decreased to HKD 177,093 thousand from HKD 207,373 thousand, reflecting a decline of about 14.6%[4] - The total liabilities as of June 30, 2023, were HKD 526,639,000, an increase from HKD 522,960,000 as of December 31, 2022[34] - The net asset value attributable to equity holders decreased to HKD 10,500,000,000 from HKD 10,700,000,000 as of December 31, 2022, equivalent to HKD 5.3 per share[111] Revenue and Profitability - The group reported a revenue of HKD 36,862,000 for the six months ended June 30, 2023, compared to HKD 36,656,000 for the same period in 2022[35] - The group's share of profits from joint ventures was HKD 93,010,000 for the six months ended June 30, 2023, down from HKD 271,049,000 in 2022[38] - The property investment segment generated revenue of HKD 35,000,000 for the period, compared to HKD 34,000,000 in 2022[54] - The group recorded a consolidated profit attributable to shareholders of HKD 89 million for the six months ended June 30, 2023, down from HKD 297 million for the same period in 2022, primarily due to a decrease in profits from joint ventures[80] - The group recorded a net profit of HKD 1.7 million from its financial and securities investment business, compared to a loss of HKD 0.9 million in 2022[177] - The company reported a net profit of HKD 88,171,000 for the six months ended June 30, 2023, a decrease of 70.3% compared to HKD 296,628,000 for the same period in 2022[189] Dividends and Shareholder Returns - The company did not declare an interim dividend for 2023, compared to an interim dividend of HKD 0.01 per share in 2022[20] - The board has decided not to declare any interim dividend for the six months ended June 30, 2023, compared to a dividend of HKD 0.01 per share (approximately HKD 20 million) in 2022[89] Expenses and Costs - Employee costs for the period, including directors' remuneration, amounted to HKD 12,000,000, down from HKD 13,000,000 in 2022, with a total of 40 full-time employees[114] - The company incurred financing costs of HKD 9,584,000, significantly higher than HKD 1,993,000 in the previous year, indicating increased borrowing costs[185] - The company’s financing costs for the current period were HKD 11,328 million, compared to HKD 3,785 million in the previous year, indicating a significant increase[199] Cash Flow and Investments - The cash flow from operating activities was a net outflow of HKD 23,522,000, slightly higher than the outflow of HKD 23,309,000 in the previous year[185] - The total cash and cash equivalents at the end of the period were HKD 128,298,000, down from HKD 177,093,000 at the end of the same period last year, representing a decrease of 27.5%[185] - The company reported a significant increase in cash outflow from investing activities, totaling HKD 908,000 compared to HKD 17,000 in the previous year, indicating increased investment activity[185] Market and Economic Conditions - The economic growth forecast for Singapore in 2023 has been narrowed to a range of 0.5% to 1.5%, down from the previous estimate of 0.5% to 2.5%[88] - Retail foot traffic and tenant sales reached 98% and 83% of pre-pandemic levels, respectively, indicating a recovery in consumer confidence[56] Corporate Governance and Compliance - The board of directors has committed to high-quality corporate governance practices to enhance investor confidence[135] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations for the six months ended June 30, 2023[146] - The company has adopted the standard code for securities trading by directors, ensuring compliance during the review period[147] Strategic Initiatives - OUE C-REIT announced a S$22 million asset enhancement initiative for the Crowne Plaza Changi Airport to capitalize on expected increases in traveler and business travel numbers in 2024 and beyond[56] - The company underwent a capital restructuring effective July 3, 2023, reducing the par value of shares from HK$1.00 to HK$0.10[64] - The group aims to expand developed market proportion to over 50% of its investment portfolio by 2027[176] Shareholder Information - Hennessy Holdings Limited holds 1,477,715,492 ordinary shares, representing approximately 73.95% of the company's issued shares[105] - The company’s major shareholders include Huge Success Limited and Lippo Capital, both holding 1,477,715,492 shares, equivalent to 73.95% of the issued shares[105]

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。 HONGKONG CHINESE LIMITED 香 港 華 人 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：655） 中期業績 截至 2023年 6月 30日止六個月 香港華人有限公司（「本公司」）之董事會公佈本公司及其附屬公司（統稱「本集團」）截至2023年 6月30日止六個月之未經審核綜合中期業績，連同2022年同期之比較數字如下： 簡明綜合損益表 截至2023年6月30日止六個月 未經審核 截至6月30日止六個月 2023年 2022年 附註 千港元 千港元 收入 4 36,862 36,656 銷售成本 (1,131) (945) ──────── ──────── 溢利總額 35,731 35,711 行政開支 (17,438) (18,181) 其他經營開支 6 (9,917) (9,860) 其他收益╱（虧損）— 淨額 5 (129) 19,745 融資成本 (11, ...

8 2022 年 報 | --- | --- | |----------------------|-------| | | | | 目錄 | | | | 頁次 | | 公司資料 | 2 | | 主席報告 | 3 | | 董事會報告 | 5 | | 企業管治報告 | 24 | | 風險管理報告 | 36 | | 環境、社會及管治報告 | 43 | | 獨立核數師報告 | 59 | | 綜合損益表 | 64 | | 綜合全面收益表 | 65 | | 綜合財務狀況表 | 66 | | 綜合權益變動表 | 68 | | 綜合現金流動表 | 69 | | 財務報告書附註 | 70 | | 主要附屬公司資料 | 142 | | 主要聯營公司資料 | 145 | | 主要合營企業資料 | 146 | | 主要物業附表 | 147 | | 財務資料概要 | 149 | | 補充財務資料 | 150 | | --- | |----------------------| | | | 執行董事 | | 李棕博士 （主席） | | 李聯煒先生， BBS, JP | | （行政總裁） | | 李江先生 | | 非執行董事 | | 陳念 ...

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。 HONGKONG CHINESE LIMITED 香 港 華 人 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：655） 全年業績 截至 2022年 12月 31日止年度 香港華人有限公司（「本公司」）之董事會公佈本公司及其附屬公司（統稱「本集團」）截至 2022 年 12 月 31日止年度之綜合全年業績，連同2021年同期之比較數字如下： 綜合損益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收入 4 71,773 81,090 銷售成本 6 (1,748) (4,340) ──────── ──────── 溢利總額 70,025 76,750 行政開支 (33,582) (39,217) 其他經營開支 6 (20,239) (19,332) 其他收益╱（虧損）— 淨額 5 15,418 (3,346) 融資成本 (11,096) (12,173) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 36,656,000, a decrease of 11.1% compared to HKD 41,159,000 in 2021[3] - Total profit for the period was HKD 296,628,000, representing an increase of 69.0% from HKD 175,439,000 in the previous year[3] - Basic and diluted earnings per share attributable to equity holders of the company were HKD 14.9, up from HKD 8.8 in 2021, reflecting a growth of 68.2%[3] - The company reported a net profit before tax of HKD 298,676,000, compared to HKD 177,617,000 in the same period last year, marking a 68.2% increase[3] - Other income/(loss) net amounted to HKD 19,745,000, a significant improvement from a loss of HKD 117,000 in 2021[3] - The total comprehensive income for the period was a loss of HKD 426,057,000, compared to a profit of HKD 99,360,000 in the previous year, indicating a substantial decline[6] - The company reported a loss attributable to equity holders of HKD (470,392) thousand for the six months ended June 30, 2022, compared to a profit of HKD 24,950 thousand in the same period of 2021[19] - The group recorded a consolidated profit attributable to shareholders of approximately HKD 297 million for the period, an increase from approximately HKD 176 million in 2021, primarily due to improved performance in hotel operations and fair value gains on financial assets[95] Assets and Liabilities - Non-current assets as of June 30, 2022, totaled HKD 10,937,032,000, down from HKD 11,327,657,000 at the end of 2021[9] - Current assets were reported at HKD 238,322,000, slightly down from HKD 242,585,000 as of December 31, 2021[9] - The company's total assets as of June 30, 2022, amounted to HKD 10,750,602 thousand, an increase from HKD 10,667,739 thousand at the end of 2021[19] - Total assets as of June 30, 2022, amounted to HKD 11,175,354 million, a decrease from HKD 11,570,242 million as of December 31, 2021[36] - The total liabilities increased to HKD 405,977 million from HKD 349,419 million, indicating a rise of approximately 16.2%[36] - The company's net asset value decreased to HKD 10,769,377,000 from HKD 11,220,823,000 at the end of 2021[12] - The company’s equity attributable to owners of the company decreased to HKD 10,769,377 thousand as of June 30, 2022, from HKD 10,687,756 thousand at the end of 2021, indicating a slight decline in equity[19] - The group’s equity attributable to shareholders decreased to approximately HKD 10,800,000,000, down from approximately HKD 11,200,000,000 in 2021[115] Cash Flow and Financing - The company reported a net cash flow used in operating activities of HKD (23,309) thousand for the six months ended June 30, 2022, compared to HKD (33,172) thousand in the same period of 2021, indicating an improvement of approximately 29%[19] - The total cash and cash equivalents increased by HKD 9,569 thousand to HKD 128,298 thousand as of June 30, 2022, compared to HKD 122,182 thousand at the end of the previous period[19] - The financing activities generated a net cash inflow of HKD 32,895 thousand in the first half of 2022, contrasting with a net cash outflow of HKD (3,089) thousand in the same period of 2021[19] - The company paid dividends of HKD 24,979 thousand during the six months ended June 30, 2022, down from HKD 34,970 thousand in the previous year, representing a decrease of approximately 29%[19] - The total amount of bank loans was HKD 334,333 thousand as of June 30, 2022, an increase from HKD 272,556 thousand at the end of 2021, indicating a rise of about 22.7%[60] Revenue Streams - For the six months ended June 30, 2022, total revenue was HKD 34,489 million, a slight decrease of 0.23% compared to HKD 34,569 million for the same period in 2021[34] - Revenue from property leasing increased to HKD 4,010 million, up from HKD 3,651 million, representing a growth of 9.8%[37] - The company recognized HKD 1,534 million in revenue from project management services, which was not present in the previous year's report[40] - Interest income for the period was HKD 30,479 million, down from HKD 30,918 million in the same period last year, reflecting a decrease of 1.42%[34] - The group’s investment property segment revenue was approximately HKD 34 million for the period, down from approximately HKD 35 million in 2021[96] Shareholder Information - The interim dividend declared was HKD 19,983 thousand, translating to HKD 0.01 per ordinary share, compared to no dividend declared in the same period of 2021[55] - The company holds 1,477,715,492 shares, representing approximately 73.95% of the issued shares[127] - Lippo Capital Limited indirectly owns 369,800,219 shares of the company, accounting for about 74.98% of its issued shares[128] - The company has a 65.48% stake in Auric Pacific Group Limited, with ownership of 80,618,551 shares[136] - The total equity held by the directors and related parties in the company is significant, with Dr. Li owning a substantial portion[126] Corporate Governance - The company is committed to high-quality corporate governance practices to enhance shareholder value[170] - The audit committee consists of three independent non-executive directors and one non-executive director[171] - The company has adopted a standard code for securities trading by directors[172]