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, ...

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 489 million for the year ended December 31, 2022, down from HKD 670 million in 2021, representing a decrease of about 27%[5] - Total revenue for the year was HKD 72 million, compared to HKD 81 million in 2021, indicating a decline of approximately 11%[17] - The contribution from property investment and development accounted for 96% of total revenue, slightly up from 95% in 2021[17] - The company reported a loss of HKD 80 million from its share of joint ventures, a significant decline from a profit of HKD 18 million in 2021, primarily due to provisions related to a legal claim[23] - The group recorded a consolidated profit attributable to shareholders of HKD 489 million for the year ended December 31, 2022, down from HKD 670 million in 2021, primarily due to a decrease in profit contributions from joint ventures[35] - The group's share of profits from its investment in LAAPL for the year was HKD 554 million, down from HKD 636 million in 2021, primarily due to reduced profit contributions from equity-accounted investments[40] - The group recorded a profit of HKD 17 million for the year before accounting for the performance of associated companies and joint ventures, compared to a loss of HKD 500,000 in 2021[40] Assets and Liabilities - As of December 31, 2022, total assets amounted to HKD 11.2 billion, a decrease from HKD 11.6 billion in 2021, with property-related assets accounting for HKD 11 billion, representing 98% of total assets[41] - The group's net asset value attributable to equity holders decreased to HKD 10.7 billion as of December 31, 2022, compared to HKD 11.2 billion in 2021, equivalent to HKD 5.3 per share[47] - As of December 31, 2022, total liabilities increased to HKD 523 million from HKD 349 million in 2021[41] - Cash and cash equivalents totaled HKD 207 million as of December 31, 2022, up from HKD 122 million in 2021[41] - The current ratio improved to 5.7 as of December 31, 2022, compared to 4.0 in 2021[41] Operational Developments - The company is preparing to capitalize on the growing demand from international business and leisure travelers with the newly renovated Hilton Orchard Singapore, which has upgraded all 1,080 rooms and suites[11] - The construction and development of two hospitals in mainland China are progressing as planned, expected to provide approximately 340 beds, with one hospital anticipated to open in 2023 and the other in 2024[20] - The hospitality sector showed improvement, with the Orchard Hilton hotel reopening 446 rooms in January 2023, marking the completion of asset enhancement initiatives announced in March 2020[38] Employee and Governance - The group's employee costs, including director remuneration, amounted to HKD 22 million in 2022, a decrease from HKD 27 million in 2021[27] - The company appointed one female director this year to enhance gender diversity in its leadership[68] - The board of directors confirmed that they dedicated sufficient time and attention to the company's affairs during the year[69] - The company has arranged for directors and senior staff liability insurance to provide indemnity against potential liabilities arising from the group's business[71] - The audit committee will hold at least two meetings annually to oversee financial reporting and risk management[72] Risk Management and Compliance - The company has established a risk management framework based on ISO 31000 and COSO guidelines, focusing on systematic risk identification and compliance with relevant laws[88] - The board is responsible for overseeing the risk management and internal control systems, which are reviewed for adequacy and effectiveness at least annually[112] - The group has established a risk management framework to identify, assess, and manage risks across its operations, ensuring continuous monitoring and reporting[115] - The internal audit department regularly assesses internal control measures and provides recommendations for improvement[135] Environmental, Social, and Governance (ESG) - The board is responsible for overseeing the company's environmental, social, and governance (ESG) matters, including policies and performance[85] - The company conducted online ESG training workshops for employees, covering the latest local reporting standards and data protection[86] - The group has integrated environmental, social, and governance (ESG) risk factors into its enterprise risk management processes, reflecting the increasing importance of these risks[119] - The company has identified significant risks related to ESG factors, emphasizing the importance of sustainability in its operations[133] - The company reported a significant increase in nitrogen oxides emissions, rising from 0.38 kg in 2021 to 1.02 kg in 2022[123] - Sulfur dioxide emissions also increased from 0.59 kg in 2021 to 3.08 kg in 2022, indicating a concerning trend in air quality impact[123] - The company has implemented waste management practices, including recycling and proper disposal of waste according to environmental regulations[150] - The company aims to reduce waste by classifying and recycling waste according to its type[151] Future Outlook - The company will continue to act prudently and seize opportunities to create value for all stakeholders amid ongoing market challenges in 2023[6] - The group aims to continue managing funds prudently in a challenging operating environment while seizing strategic opportunities as conditions improve[35] - The economic growth forecast for Singapore in 2023 is between 0.5% and 2.5%, amid ongoing global economic challenges[27]

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]

Financial Performance - The group recorded a consolidated profit attributable to shareholders of approximately HKD 670 million for the year ended December 31, 2021, compared to a consolidated loss of approximately HKD 830 million for the nine months ended December 31, 2020[5]. - Revenue from continuing operations for the year was approximately HKD 81 million, slightly down from approximately HKD 83 million in 2020[12]. - The contribution from property investment and development business accounted for 95% of the total revenue from continuing operations, compared to 96% in 2020[12]. - The property investment segment reported revenue of approximately HKD 70 million for the year, up from HKD 50 million in 2020, with a segment profit of about HKD 48 million compared to HKD 39 million in 2020[14]. - OUE Group's investment in LAAPL generated a share of profit of approximately HKD 636 million for the year, a significant recovery from a loss of about HKD 958 million in 2020[23]. - The group sold part of its remaining property in Beijing, generating segment revenue of approximately HKD 7 million, down from HKD 29 million in 2020, and recorded a loss of about HKD 500,000 for the year[25]. - Financial and securities investment revenue for the year was approximately HKD 1,000,000, compared to HKD 500,000 in 2020, with a net profit of approximately HKD 2,000,000, up from HKD 1,000,000 in 2020[26]. - Total assets as of December 31, 2021, were approximately HKD 11,600,000,000, an increase from approximately HKD 11,100,000,000 in 2020, with property-related assets accounting for about 99% of total assets[27]. - Total liabilities decreased to approximately HKD 349,000,000 as of December 31, 2021, down from approximately HKD 401,000,000 in 2020, while cash and cash equivalents totaled approximately HKD 122,000,000, down from HKD 198,000,000[27]. - The equity attributable to shareholders increased to approximately HKD 11,200,000,000 as of December 31, 2021, compared to approximately HKD 10,700,000,000 in 2020, equating to HKD 5.6 per share[30]. Investments and Acquisitions - The group acquired approximately 32% equity in PT Matahari Department Store Tbk, becoming its largest single shareholder, and approximately 17.2% equity in PT Multipolar Tbk, expanding its consumer goods segment in the growing Indonesian market[6]. - OUE Group acquired a 32% stake in MDS, becoming its largest shareholder, and also acquired approximately 17.2% of Multipolar, enhancing its presence in Indonesia's fast-growing e-commerce and consumer sectors[16]. - The company’s investment in First REIT increased its direct interest from approximately 15.3% to about 33.1% following the sale of its nursing home interests for approximately SGD 163.5 million (about HKD 944.9 million)[23]. Dividends and Shareholder Returns - The board proposed a final cash dividend of HKD 0.0125 per share for the year[9]. - The company proposed a final dividend of HKD 0.0125 per share for the year, totaling approximately HKD 25,000,000, compared to HKD 15,000,000 in 2020[39]. - The company aims to provide stable and sustainable returns to shareholders through a progressive dividend policy, which was adopted in January 2019[150]. Corporate Governance - The company has appointed Mr. Li and Mr. Xu as directors with a two-year term starting from September 30, 2020[47]. - Dr. Li has been appointed as the CEO since January 1, 2015, and Mr. Li has been appointed as the Executive Director since the same date[47]. - The company has received annual confirmation letters regarding the independence of its independent non-executive directors[49]. - The company has a policy that one-third of the directors must retire at the annual general meeting each year, with re-election subject to shareholder vote[47]. - The company has established various committees, including the remuneration and nomination committees, to oversee governance[50]. - The company has a diverse board with members holding various qualifications and extensive experience in different sectors[53]. - The company is committed to ensuring compliance with the Hong Kong Stock Exchange listing rules regarding director independence[49]. - The company has a structured approach to director appointments and term limits, ensuring governance and accountability[47]. - The company’s board includes independent non-executive directors with extensive experience in finance and law, enhancing governance[56]. - The company has a structured approach to determining director remuneration based on market levels and responsibilities[58]. - The company’s audit, remuneration, and nomination committees are chaired by experienced independent directors, ensuring oversight[58]. - The company’s governance structure includes detailed disclosures of shareholdings and interests of directors as per regulatory requirements[64]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests in shares[64]. - The company has obtained directors and officers liability insurance coverage for its directors and senior officers[78]. - The company’s governance report indicates that all non-executive directors have fixed-term contracts of two years[123]. - The board's diversity policy aims to support the company's strategic goals and sustainable development through a balanced mix of skills and experiences[131]. - The chairman and CEO roles are held by different individuals, ensuring effective leadership and management of the company[122]. Risk Management - The company has identified various risks and uncertainties that may impact its financial condition and operational performance, detailed in the risk management report[102]. - The group has established a risk management framework led by the management team, which includes setting risk standards and regularly assessing major risks at the group level[165]. - The group identified significant risks for the year, including operational risks from natural disasters and COVID-19, and implemented measures such as business continuity plans and health safety protocols[177]. - The group has committed to continuous improvement of its risk management system, completing actions such as revising risk management templates and integrating ESG risks into the framework[172]. - The board, with the assistance of the audit committee, reviewed the adequacy and effectiveness of the risk management and internal control systems, confirming their effectiveness for the year[180]. - The group has a systematic risk management process that includes risk identification, analysis, treatment, and reporting, ensuring ongoing risk monitoring[169]. - The group has allocated sufficient resources to implement its risk management framework and manage identified risks effectively[165]. - The risk management team develops necessary tools and templates for risk assessment and reporting, ensuring compliance across all business entities[167]. - The group conducts self-assessments of risk management and internal controls to evaluate their effectiveness[167]. - The group has implemented measures to strengthen cybersecurity and prevent unauthorized access to organizational data[177]. - The group maintains a stable risk level while monitoring for any upward trends in risk exposure[177]. Environmental, Social, and Governance (ESG) - The group is committed to reducing its operational negative impact on the environment and regularly monitors its environmental performance[197]. - A training workshop on environmental, social, and governance (ESG) topics was held for employees, focusing on data protection and local reporting standards[188]. - The group has established a risk management framework applicable to all business entities and departments to identify and manage potential risks[188]. - The board is responsible for overseeing the group's ESG-related matters, including policies, measures, performance, and risks[187]. - The group plans to enhance its management of ESG issues and develop a more comprehensive sustainability strategy[187]. - The group has a dedicated working group to implement ESG policies and prepare the ESG report[187]. - The group believes in continuous communication with stakeholders to understand their needs and expectations, which helps in managing potential risks[192]. - The company's emissions for the current year are higher compared to 2020, primarily due to an extended reporting period and increased fuel consumption from certain subsidiaries' vehicles and yachts[198]. - Nitrogen oxides emissions increased from 0.20 kg in 2020 to 0.38 kg in the current year, representing a 90% increase[200]. - Sulfur dioxide emissions rose significantly from 0.09 kg in 2020 to 0.70 kg in the current year, indicating a 688.89% increase[200]. - The emissions of inhalable suspended particles decreased slightly from 0.05 kg in 2020 to 0.03 kg in the current year, showing a 40% reduction[200].

Financial Performance - Revenue from continuing operations for the six months ended June 30, 2021, was HKD 41,159,000, a decrease of 34.8% compared to HKD 63,167,000 for the same period in 2020[4] - Total profit for the period was HKD 175,439,000, a significant recovery from a loss of HKD 584,984,000 in the previous year[4] - Basic and diluted earnings per share for the period was HKD 8.8, compared to a loss of HKD 29.3 per share in the same period last year[4] - The company’s total comprehensive income for the period was HKD 15,818 thousand, compared to a loss of HKD (66,436) thousand for the same period in 2020, indicating a turnaround in performance[16] - The company reported a profit of HKD 172.6 million from its joint venture LAAPL for the six months ended June 30, 2021, a significant improvement from a loss of HKD 731.2 million for the same period in 2020[53] - The company recorded a profit attributable to equity holders of HKD 176,035,000 from continuing operations, compared to a loss of HKD 720,018,000 from discontinued operations for the six months ended September 30, 2020[70] Assets and Liabilities - The group's total assets as of June 30, 2021, amounted to HKD 11,061,382,000, an increase from HKD 10,835,846,000 as of December 31, 2020[13] - The total liabilities as of June 30, 2021, were HKD 403,125 million, a slight increase from HKD 401,045 million as of December 31, 2020, representing a growth of about 0.5%[39] - The net asset value attributable to equity holders of the company was HKD 10,727,857,000, slightly up from HKD 10,687,756,000 at the end of 2020[13] - The total cash and cash equivalents at the end of the period were HKD 122,182 thousand, down from HKD 421,931 thousand at the end of the previous period, representing a decrease of approximately 71.06%[20] - The company’s total reserves included retained earnings of HKD 7,280,092,000 as of June 30, 2021, up from HKD 7,163,316,000 as of December 31, 2020[83] Cash Flow - The net cash flow used in operating activities for the six months ended June 30, 2021, was HKD (33,172) thousand, compared to HKD (7,484) thousand for the same period in 2020, indicating a significant increase in cash outflow[20] - The company reported a net cash flow from financing activities of HKD (3,089) thousand for the six months ended June 30, 2021, compared to HKD (19,477) thousand for the same period in 2020, showing an improvement in financing cash flow[20] - The company reported a decrease in cash flow from investment activities, with a net cash outflow of HKD (40,818) thousand for the six months ended June 30, 2021, compared to a net inflow of HKD 311,097 thousand in the same period of 2020[20] Shareholder Information - The company paid dividends of HKD 34,970 thousand to shareholders during the six months ended June 30, 2021, slightly down from HKD 39,966 thousand in the same period of 2020[20] - The company declared no interim dividend for the six months ended June 30, 2021, compared to an interim dividend of HKD 19,983,000 for the same period in 2020[72] - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share, up from $0.45[180] Operational Highlights - The company’s capital expenditure for the period included investments in fixed assets, amounting to HKD 285 million[39] - The company’s employee costs for the period amounted to approximately HKD 12,000,000, an increase from approximately HKD 10,000,000 in 2020[126] - The company will continue to monitor and adapt to changes in the operating environment while prudently managing its financial resources and expenditures[130] Market and Strategic Initiatives - The company is investing in new technology development, allocating $10 million towards R&D initiatives[180] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[180] - The company is considering strategic acquisitions to enhance its product offerings and market presence[180] Governance and Compliance - The group has established an audit committee consisting of three independent non-executive directors[172] - The company has committed to high-quality corporate governance practices to enhance investor confidence[171]

Financial Performance - The company recorded a consolidated loss attributable to shareholders of approximately HKD 830 million for the nine months ended December 31, 2020, compared to a consolidated profit of approximately HKD 425 million for the previous year[8]. - Revenue from continuing operations increased to approximately HKD 83 million, up from approximately HKD 71 million in the previous year, primarily due to the completion of property sales during the period[13]. - The contribution from property investment and development accounted for 96% of total revenue from continuing operations, consistent with the previous year[13]. - The company recognized a profit of approximately HKD 135 million from the sale of the joint venture, despite incurring a fair value loss of approximately HKD 47 million related to the termination of the sale option[14]. - The group recorded a loss of approximately HKD 958,000,000 from its investment in LAAPL, compared to a profit of HKD 440,000,000 in the previous year, primarily due to fair value losses on investment properties[23]. - The group achieved revenue of approximately HKD 29,000,000 from the sale of remaining properties in Beijing, China, with a profit of about HKD 15,000,000 compared to a loss of HKD 4,000,000 last year[24]. - Financial and securities investment revenue totaled approximately HKD 500,000, down from HKD 2,000,000 in the previous year, with a net profit of HKD 1,000,000 compared to a loss of HKD 2,000,000 last year[25]. - The total dividend for the period is proposed to be HKD 0.75 per share, totaling approximately HKD 15 million, down from HKD 40 million in the previous year[39]. - The total dividend payout for the period will be HKD 1.75 per share, amounting to approximately HKD 35 million, compared to HKD 60 million in the previous year[39]. Asset and Liability Management - As of December 31, 2020, the group's total assets were approximately HKD 11,100,000,000, with property-related assets accounting for about HKD 10,900,000,000, representing 98% of total assets[26]. - The group reduced total liabilities to approximately HKD 401,000,000 from HKD 589,000,000, mainly due to decreased borrowings during the period[26]. - Cash and cash equivalents increased to approximately HKD 198,000,000 from HKD 135,000,000, with a current ratio of 1.3 compared to 3.3 in the previous period[26]. - As of December 31, 2020, the group's bank and other loans amounted to approximately HKD 275 million, a decrease from approximately HKD 492 million as of March 31, 2020[28]. - The capital to debt ratio as of December 31, 2020, was 2.6%, indicating a stable financial position[28]. Business Strategy and Outlook - The company plans to maintain a cautious approach in capital and expenditure management while seeking new business opportunities due to ongoing pandemic uncertainties[8]. - The group has taken a cautious outlook on its short-term business prospects due to ongoing economic and political uncertainties[32]. - The group will continue to adopt proactive measures to mitigate adverse impacts on its business and manage financial resources prudently[32]. - The company actively seeks new tenants and reduces vacancy rates to address market dynamics risks affecting sales revenue[174]. Corporate Governance - The board of directors includes experienced professionals with extensive backgrounds in finance, law, and management, enhancing the company's governance[51][52][54][55][56]. - The company has obtained liability insurance for its directors and senior officers to provide protection against potential liabilities arising from the group's business activities[50]. - The company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to oversee specific areas of the group's affairs[113]. - The board is responsible for monitoring the group's strategic development and financial performance, with regular updates provided to all directors[113]. - The company has complied with the corporate governance code and continues to enhance its governance practices to meet public and shareholder expectations[105][106]. Risk Management - The company has identified major risks and uncertainties that may affect its financial condition and operational performance[97]. - The group has integrated ESG risks into its risk management framework, which is based on ISO 31000 and COSO guidelines[154]. - The risk management strategy aims to enhance corporate governance through a robust internal control system and systematic risk identification[155]. - The company has implemented measures to monitor and manage macroeconomic risks that could impact profitability[171]. - The board has conducted a review of the adequacy and effectiveness of the risk management and internal control systems, confirming their effectiveness during the period[175]. Employee and Compensation - Employee costs for the period amounted to approximately HKD 23 million, a slight decrease from approximately HKD 24 million in the previous year[31]. - The group maintained a competitive compensation scheme to attract and motivate employees, regularly reviewing and adjusting it to meet market standards[94]. - The number of employees increased to 41 as of December 31, 2020, from 39 as of March 31, 2020[31]. - Dr. Li received a discretionary bonus of HKD 5,000,000, while Mr. Li received HKD 2,000,000 as discretionary bonuses during the period[60]. Shareholder Engagement - The company aims to provide stable and sustainable returns to shareholders through a progressive dividend policy, reviewed periodically[145]. - The company maintains regular communication with investors to disclose important information about its operations[146]. - The company has established a shareholder communication policy to ensure effective engagement with shareholders[141].

Financial Performance - For the six months ended September 30, 2020, the company reported a total revenue of HKD 63,167,000, compared to HKD 36,387,000 for the same period in 2019, representing a 73.6% increase[6]. - The net loss attributable to equity holders of the company for the period was HKD 585,419,000, a significant decline from a profit of HKD 269,297,000 in the previous year[6]. - The company's total comprehensive loss for the period was HKD 263,408,000, compared to a comprehensive income of HKD 143,653,000 in the prior year[9]. - The company reported a pre-tax loss from continuing operations of HKD 711,756,000, compared to a profit of HKD 272,914,000 in the previous year[6]. - The company reported a consolidated loss attributable to equity holders of HKD 720,018,000 for the six months ended September 30, 2020, compared to a profit of HKD 134,599,000 in the same period of 2019[67]. - The total comprehensive income for the period was HKD 88,285 thousand, compared to a loss of HKD 197,493 thousand in the previous year[20]. Assets and Liabilities - As of September 30, 2020, the company's total assets amounted to HKD 10,803,606,000, a decrease from HKD 11,095,438,000 as of March 31, 2020[12]. - The company’s equity attributable to equity holders decreased to HKD 10,293,542,000 from HKD 10,588,288,000[15]. - The company’s non-current assets totaled HKD 10,360,611,000, down from HKD 10,909,843,000 as of March 31, 2020[12]. - The company’s current liabilities increased to HKD 99,595,000 from HKD 82,131,000, reflecting a rise in financial obligations[12]. - The total liabilities were reported at HKD 609,659,000, with a breakdown showing HKD 532,005,000 in allocated liabilities[44]. - The group’s liabilities totaled HKD 610,000,000, compared to HKD 589,000,000 as of March 31, 2020[121]. Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HKD 421,931,000 from HKD 135,169,000, indicating improved liquidity[12]. - Cash flow from operating activities showed a net outflow of HKD 7,484 thousand, an improvement from a net outflow of HKD 43,571 thousand in the previous year[24]. - The company ended the period with cash and cash equivalents of HKD 421,931 thousand, up from HKD 182,636 thousand at the end of the previous year[24]. - The financing activities resulted in a net cash outflow of HKD 19,477 thousand, a significant reduction from HKD 277,258 thousand in the prior year[24]. Revenue Breakdown - The company reported a total revenue of HKD 63,167,000 for the six months ended September 30, 2020, with property investment contributing HKD 33,385,000 and property development contributing HKD 28,224,000[43]. - Revenue from property sales amounted to HKD 28,224,000, with project management service revenue at HKD 334,000, down from HKD 515,000 in 2019[48]. - Rental income from operating leases was HKD 2,812,000, a decrease from HKD 3,617,000 in the previous year[45]. - The contribution from property investment and development business accounted for 98% of total revenue from continuing operations, compared to 94% in 2019[104]. Strategic Initiatives - The company plans to continue its market expansion efforts and invest in new product development[25]. - The company is focused on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[25]. - The company is taking proactive measures to mitigate unprecedented adverse impacts on its business due to ongoing economic and political uncertainties, as well as the long-term effects of the pandemic[127]. - The company is exploring partnerships to enhance its service offerings, targeting G% growth in collaborative projects[187]. Shareholder Information - The company declared a special dividend of HKD 19,983 thousand for the fiscal year 2019/2020[20]. - The interim dividend declared was HKD 0.01 per ordinary share, totaling HKD 19,983,000, unchanged from the previous year[69]. - As of September 30, 2020, the total equity held by the company's director Li Chong is 1,477,715,492 shares, representing 73.95% of the issued shares[134]. - Hennessy Holdings Limited holds 1,477,715,492 ordinary shares, representing approximately 73.95% of the company's issued shares[156]. Governance and Compliance - The company has committed to high-quality corporate governance practices to enhance investor confidence[176]. - The board believes that the company has complied with the corporate governance code during the reporting period[176]. - The company has established an audit committee to review accounting principles and financial reporting matters[179]. Employee and Operational Metrics - The company has recorded a decrease in employee costs, reflecting its ongoing efforts to optimize operational efficiency[126]. - As of September 30, 2020, the number of employees increased to 41 from 39 in the previous year, with employee costs amounting to HKD 10,000,000 compared to HKD 11,000,000 in 2019[126].

Financial Performance - The company recorded a consolidated profit attributable to shareholders of approximately HKD 425 million for the fiscal year ending March 31, 2020, compared to HKD 11 million for the previous year[8]. - Revenue from property investment and development contributed 96% to the total income from continuing operations, up from 91% in the previous year[13]. - The company reduced its other operating expenses from HKD 54 million in the previous year to HKD 38 million, primarily due to a decrease in foreign exchange losses[13]. - The company reported a total asset value of HKD 11,200,000,000 as of March 31, 2020, down from HKD 11,800,000,000 in 2019, representing a decrease of approximately 5.1%[25]. - The company recorded a net loss of HKD 2,000,000 in its financial and securities investment business for the year, compared to a profit of HKD 5,000,000 in 2019, indicating a significant decline[23]. - The company’s total liabilities decreased to HKD 589,000,000 as of March 31, 2020, from HKD 842,000,000 in 2019, a reduction of approximately 30%[25]. - The company’s cash and cash equivalents decreased to HKD 135,000,000 from HKD 507,000,000 in 2019, a decline of approximately 73.4%[25]. - The company’s capital debt ratio was 4.7% as of March 31, 2020, down from 6.7% in 2019, reflecting improved financial stability[26]. Investments and Acquisitions - The company completed the sale of minority interests in Aquamarina Hotel and Marina Centre, generating approximately SGD 774 million (about HKD 4.5 billion) in cash[4]. - The company’s stake in Gemdale Properties Group increased from approximately 14.8% to about 23.8% as of March 31, 2020, enhancing its presence in the Chinese real estate market[5]. - OUE Group completed the acquisition of multiple plots of land in South Jakarta, Indonesia, for a total cost of IDR 1,316,000,000,000 (approximately HKD 720,000,000) in June 2020[16]. - OUE Group provided a loan of USD 35,000,000 (approximately HKD 271,000,000) to LAAPL in May 2020 to seize strategic investment opportunities[20]. Dividends and Shareholder Returns - The board proposed a final cash dividend of HKD 0.01 per share and a special dividend of HKD 0.01 per share, totaling HKD 0.03 per share for the fiscal year[8]. - The company proposed a final dividend of HKD 0.01 per share, totaling approximately HKD 20,000,000, consistent with the previous year[33]. Corporate Governance - The company has received annual confirmation letters regarding the independence of its independent non-executive directors, confirming their independent status[42]. - The board of directors includes a mix of executive and non-executive members, with terms of appointment ranging from two to three years[41]. - The company has established a compensation insurance policy for its directors and senior management to cover potential liabilities arising from business operations[42]. - The company has a diverse board with members possessing legal, financial, and management expertise, enhancing governance and oversight[45][46]. - The company is committed to maintaining compliance with the Hong Kong Stock Exchange's listing rules regarding director independence[42]. - The board structure requires one-third of directors to retire annually, ensuring regular refreshment and accountability[41]. - The company has a robust framework for director appointments and re-elections, promoting transparency and shareholder engagement[41]. - The company has been proactive in its governance practices, including the establishment of various committees for audit, remuneration, and nominations[45]. Risk Management - The group has integrated ESG risks into its risk management framework for the fiscal year ending March 31, 2020, reflecting the increasing importance of these risks[125]. - The risk management framework is based on ISO 31000 and COSO frameworks, consisting of three key components: risk management strategy, governance structure, and risk management processes[125]. - The board has established a risk appetite and effective governance culture to oversee risk management and internal control systems[129]. - The group has identified significant risks in various business areas for the year, including credit risk due to counterparty defaults and operational risks related to the COVID-19 outbreak[136]. - The group has implemented measures such as establishing credit risk management functions and ensuring a clean working environment to mitigate identified risks[136]. Employee Welfare and Development - The company has established a robust employment system to maintain a pool of excellent employees, focusing on a motivating and safe work environment[151]. - The company promotes diversity and equal opportunities for all employees, regardless of various personal characteristics[152]. - The compensation scheme includes various benefits such as paid marriage leave, sick leave, and medical insurance to improve employee welfare[153]. - The company supports employee development through various learning opportunities and conducts annual performance evaluations to identify development needs[156]. - The group provided a series of internal and external training opportunities for employees, including risk management workshops and continuous professional education in financial accounting standards[157]. Environmental and Social Responsibility - The total greenhouse gas emissions for the year amounted to 112.6 tons of CO2 equivalent, with a density of 0.30 tons of CO2 equivalent per square meter of floor area[169]. - The company aims to continuously reduce energy and natural resource consumption while utilizing environmentally friendly products and services[177]. - The total emissions for Scope 1, Scope 2, and Scope 3 decreased from 144.8 tons of CO2 equivalent in the previous year to 112.6 tons in the current year, indicating a reduction of approximately 22.2%[180]. - The company has implemented measures such as automatic lighting control systems and energy-efficient equipment to manage and reduce energy consumption[170]. - The group has a clear product and service responsibility policy to ensure safety, quality, and customer data protection[161].