决定显示，2021年10月22日，凯伦股份实际控制人钱林弟、董事李忠人、董事张勇、董事季歆宇承诺， 截至当日凯伦股份对恒大集团及其成员企业的应收账款及应收票据余额合计1.88亿元，如在2022年年底 未能收回的，由承诺人承担，并在2022-2024年年报披露后的60个工作日内分期支付。截至2022年年 底，前述应收账款未收回，承诺人应于2023年至2025年分三期支付3766.54万元、5649.82万元、9416.36 万元。经查，截至目前，钱林弟、李忠人、张勇尚未支付2025年度的补偿款，承诺履行期限届满未履 行。 相关责任人钱林弟、李忠人、张勇被采取责令改正的行政监管措施，并记入证券期货市场诚信档案。 同日晚间，深交所下发对凯伦股份董事长钱林弟、董事李忠人的监管函（创业板监管函〔2025〕第118 号），指出两人违反了《创业板股票上市规则》第8.7.1条第一款的规定。 凯伦股份公告称，钱林弟、李忠人、张勇后续将积极筹措资金，履行对公司的承诺。其中，钱林弟将采 取如下措施：自2025年9月11日起，其取得的公司分红将全部用于支付应予支付的补偿款项；领取公司 薪酬收入的一半用于支付应付补偿款项；如减持直接持 ...

凯伦股份主要从事新型建筑防水材料业务。上半年，该公司的营业收入为11.48亿元，同比减少5.92%； 归母净利润为2581.24万元，同比增长232.48%；扣非归母净利润为1261.47万元，同比增长183.22%。 上半年，凯伦股份资产减值达1609.54万元，主要原因系计提应收账款减值及工抵房减值增加。截至6月 底，凯伦股份的应收账款余额为17.46亿元，同比微增4.87%。 （文章来源：上海证券报） 相关责任人钱林弟、李忠人、张勇被采取责令改正的行政监管措施，并记入证券期货市场诚信档案。 同日晚间，深交所下发对凯伦股份董事长钱林弟、董事李忠人的监管函（创业板监管函〔2025〕第118 号），指出两人违反了《创业板股票上市规则》第8.7.1条第一款的规定。 凯伦股份公告称，钱林弟、李忠人、张勇后续将积极筹措资金，履行对公司的承诺。其中，钱林弟将采 取如下措施：自2025年9月11日起，其取得的公司分红将全部用于支付应予支付的补偿款项；领取公司 薪酬收入的一半用于支付应付补偿款项；如减持直接持有的股份及控股的凯伦控股投资有限公司持有的 股份，减持所得款项不低于30%用于支付应付补偿款项。 9月11日晚间， ...

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告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：715） 截至2023年6月30日止6個月的 未經審核中期業績公告 中泛控股有限公司（「中泛控股」或「本公司」，連同其附屬公司為「本集團」）董事（「董 事」）會（「董事會」）欣然宣佈本集團截至2023年6月30日止6個月（「期內」）的未經 審核中期業績。 主席報告 本公司的經營環境在2023年上半年仍持續面對挑戰，儘管疫情政策全面放寬，國 家亦正在實施擴大消費措施，支持剛性和改善性住房需求，加大對民營經濟政策支 持力度，但在多種挑戰疊加的複雜環境下，房地產行業形勢依然嚴峻，國內經濟恢 復仍不穩固、不均衡，對本集團的中間控股公司泛海控股股份有限公司（「泛海控 ...

Financial Performance - The Group's total revenue for the Year decreased by 75% to HK$28.0 million, down from HK$111.3 million in 2021[41]. - Loss before interest expense and tax (LBIT) for the Year was HK$948.2 million, compared to HK$4,321.8 million in 2021[41]. - Other net losses during the Year included an impairment of HK$575.1 million for the Hawaii Ko Olina No. 2 Land Project and a loss of HK$202.7 million on the disposal of the Hawaii Kapolei West Project[21]. - The consolidated loss attributable to shareholders for the year was HK$2,420.1 million, a decrease from HK$5,359.8 million in 2021, primarily due to a reduction in other net losses[98]. - Other net losses decreased to HK$782.2 million in 2022 from HK$4,210.6 million in 2021, although this was partially offset by a loss of HK$453.6 million related to deconsolidation of subsidiaries[98]. - Basic loss per share improved to HK14.99 cents from HK33.20 cents in 2021[98]. - The Group incurred a loss of HK$202.7 million from the disposal of the Hawaii Kapolei West Project during the year[54]. - The Group's financial investments segment recorded a loss as no financial investments were held to generate income[41]. Market Conditions - In 2022, the price of new residential properties in 70 large and medium cities in Mainland China decreased by 1.5% year-on-year, with newly completed residential properties in 55 cities also experiencing a decline[15]. - The real estate market in Mainland China remains sluggish, with a lack of interest from the public in purchasing new homes due to ongoing liquidity constraints[15]. - The real estate market in Mainland China continued to decline, with property prices falling for the seventh consecutive month by December 2022[90]. - The U.S. Federal Reserve raised interest rates nine times from 0.25% to 5% since mid-March 2022, leading to a 22.6% drop in existing-home sales in February 2023 compared to February 2022[17]. - The ongoing economic challenges include the impact of the Russia-Ukraine war, which has exacerbated global energy and food crises, affecting supply chains[13]. Strategic Initiatives - The company aims to optimize its assets and reduce debt levels in 2023 to enhance liquidity and operational capabilities[14]. - The company plans to further optimize its development strategy and business layout to drive growth and sustainability[14]. - The Group's strategy includes focusing on high-end luxury properties in prime locations in major U.S. cities[46]. - The Group aims to reduce interest-bearing liabilities and leverage, focusing on asset optimization and improving financial liquidity in 2023[70]. - The Group is actively negotiating with receivers and lenders to resolve current issues and has achieved some progress, including the completion of a land deal in Hawaii[13]. - The Group is negotiating with potential investors for project financing or joint development plans to resume construction of the LA project[58]. - The Group is exploring other cooperation opportunities, including the establishment of a joint venture to develop the LA project[59]. Project Developments - The LA Project is planned to be developed into a large-scale mixed-use urban commercial complex covering approximately 138,249 sqm[47]. - The total funds invested in the Los Angeles project as of December 31, 2022, amounted to approximately US$1,199.3 million (equivalent to approximately HK$9,350.6 million)[50]. - The LA project covers a total site area of approximately 18,662 square meters, with a planned gross floor area of approximately 138,249 square meters, including three high-end residential towers and a five-star luxury hotel[48]. - The construction of the LA project has been suspended since October 2020 due to the global pandemic and liquidity issues faced by the Group[57]. - Over 85% of electrical and mechanical works and over 60% of interior drywalls in towers 2 and 3 were completed before the suspension[57]. - The Group completed the disposal of land parcels in the Kapolei West of Hawaii in December 2022 as part of its asset optimization strategy[90]. - The Group is negotiating to dispose of the LA Project to repay loans and regain control over the Shanghai Properties[44]. Governance and Compliance - The Company has confirmed the independence of all independent non-executive directors as per the Listing Rules[142]. - There were no significant transactions or contracts involving the Group where any Director had a material interest during the year[142]. - The Group's compliance with applicable laws and regulations is detailed in the corporate governance report and the 2022 social responsibility report[162]. - The Group conducted connected transactions and continuing connected transactions during the Year, complying with Chapter 14A of the Listing Rules[191]. Employment and Remuneration - As of December 31, 2022, the Group employed 56 employees, with total staff remuneration costs amounting to HK$55.7 million, a decrease from HK$62.9 million in 2021[150]. - Total staff remuneration costs decreased by approximately 11.4% from the previous year[150].

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告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：715） 截至2022年12月31日止年度的 經審核全年業績公告 中泛控股有限公司（「中泛控股」或「本公司」，連同其附屬公司為「本集團」）董事（「董 事」）會（「董事會」）欣然宣佈本集團截至2022年12月31日止年度（「年內」）的經審 核全年業績。 主席報告 2022年對於中泛控股仍是極具挑戰的一年。新型冠狀病毒（「新冠病毒」）的變種病 毒在全球各地廣泛傳播，影響到中國大陸、香港以及海外的經濟活動。2022年上 半年在香港的第五波疫情，令經濟和消費活動再次受挫。由於中國內地於2022年 12月開始放寬防疫措施，內地疫情變得嚴峻。俄羅斯與烏克蘭的戰爭（「俄烏戰爭」） 使全球能源及糧食危機惡化，供應鏈面臨巨大挑戰。美國聯邦儲備局一直以加息 對抗高通脹，亦影響了當地房地產市場的表現。中國內地房地產市場方面，早前 的行業監管已觸發多家房地產開發商債務違約事件，其中包 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$XXX million, representing a year-on-year growth of XX%[11] - Total income for the period decreased by 49% to HK$28.0 million, down from HK$54.6 million in 2021[40] - Loss before interest expense and tax (LBIT) for the period was HK$94.1 million, compared to HK$61.6 million in 2021[40] - Consolidated loss attributable to shareholders increased to HK$728.8 million, up from HK$567.9 million in 2021[44] - Basic loss per share was HK4.51 cents, compared to HK3.52 cents in 2021[45] - Other net loss during the period was HK$27.7 million, primarily due to net foreign exchange losses[42] - Earnings before interest and tax (EBIT) for the period was HK$20.1 million, down from HK$43.4 million in the same period of 2021[51] - Excluding other net losses, EBIT for the period was HK$22.0 million, compared to HK$44.9 million in 2021[51] Market Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting revenue growth of XX% based on current market trends and user engagement[11] - New product launches are expected to contribute an additional HK$XX million in revenue, with anticipated sales growth of XX% in the upcoming fiscal year[11] - Market expansion plans include entering XX new regions, aiming for a market share increase of XX% within the next year[11] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified that could increase revenue by HK$XX million[11] - A new marketing strategy has been implemented, focusing on digital channels, which is projected to increase customer acquisition by XX%[11] Operational Challenges - The operating environment faced significant challenges in H1 2022, with Hong Kong's GDP decreasing by 1.3% in Q2 and 3.9% in Q1, while the U.S. GDP contracted by 1.6% and 0.9% in the same periods[23] - The pandemic's impact has led to numerous receiverships and lawsuits due to funding issues, affecting the Shanghai and New York projects[23] - The Group's financial institutions are cautious about providing refinancing to real estate developers, leading to liquidity pressure[23] - The uncertainties in the international environment and domestic economic slowdown have resulted in a significant impact on the Group's operations[27] Project Developments - The Group has five real estate development projects in the U.S., focusing on mid-to-high-end luxury properties[52] - The LA Project covers approximately 18,662 square meters and is planned to include three upscale condominiums and a luxury five-star hotel[61] - The New York Project has been under receivership since May 2022, resulting in its financial results being deconsolidated[56] - The Hawaii Ko Olina No. 2 Land Project is under preliminary planning and is intended for disposal by the end of 2022[59] - The construction of the LA Project has been suspended since October 2020 due to liquidity issues and external economic factors, with plans to resume construction when the U.S. real estate market shows signs of recovery in 2023[64][66] Financial Management and Liquidity - The Group aims to implement asset optimization, introduce strategic investors, and reduce leverage and liabilities to address liquidity risks[26] - The Group is actively negotiating with 9 groups of investors and financing institutions to explore project financing, disposal, or joint development plans[64] - The Group plans to sell idle land in Hawaii to reduce debt and operational costs, with a sale expected to be completed in 2022[88] - The Group's primary treasury and funding policies focus on liquidity management to achieve an optimum level of liquidity while funding subsidiary operations in a cost-efficient manner[116] Shareholder Returns and Dividends - Shareholder returns are expected to increase, with a proposed dividend of HK$XX per share, reflecting a yield of XX%[11] - The company does not recommend the distribution of interim dividends for the period[46] Management and Governance - Liu Guosheng was re-designated from executive vice president to president and appointed as deputy chairman of Oceanwide Holdings on July 15, 2022[139] - Zhao Yingwei was re-designated from deputy chairman to chairman of the supervisory committee of Oceanwide Holdings on March 14, 2022[139] - The Group acknowledges that past performance does not guarantee future results, and actual results may differ materially from forward-looking statements[143] Risks and Exposures - The Group is exposed to foreign exchange risk primarily with respect to HKD, USD, and RMB, as its revenue and operating costs are denominated in these currencies[118] - The maximum exposure to credit risk for the Group at the reporting date is the carrying amount of each class of financial assets[120] - The Group's trade receivables primarily represent rental receivables, with periodic credit evaluations performed to manage risk[125]

Company Overview - As of December 31, 2021, the market capitalization was approximately HK$2.421 billion[12]. - The company is listed on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 715[11]. - The company has a registered office in Bermuda and its principal place of business is in Hong Kong[12]. - The board of directors includes Mr. Han Xiaosheng as Chairman and Mr. Liu Hongwei as Deputy Chairman[6]. - The independent auditor for the company is Yongtuo Fuson CPA Limited[8]. - The company has established various board committees, including an Audit Committee and a Remuneration Committee[6]. - The company’s investor relations contact is through the Investment Management Department[15]. - The company’s website for financial reports and other information is www.oceanwide.hk[15]. Financial Performance - The loss before interest expense and tax for the year was HK$4,321.8 million, a significant increase from HK$744.3 million in 2020, mainly due to project impairments of US$482.9 million in the real estate development segment[49]. - The consolidated loss attributable to shareholders for the year amounted to HK$5,359.8 million, compared to HK$926.6 million in 2020, with a basic loss per share of HK33.20 cents[55]. - Revenue for the year increased to HK$111.3 million, up from HK$100.0 million in 2020, primarily due to higher occupancy and rental rates of investment properties in Shanghai[56]. - The Group incurred an impairment provision of approximately HK$4,098.4 million for real estate development projects in the U.S. and energy projects in Indonesia, significantly up from HK$617.8 million in 2020[55]. - The overall loss before interest and tax (LBIT) for the real estate development segment was HK$3,974.5 million in 2021, significantly higher than HK$706.3 million in 2020, primarily due to impairment provisions[133][134]. Project Challenges and Impairments - In 2021, the company faced significant challenges due to the COVID-19 pandemic, leading to asset impairments and liquidity pressures[26]. - Certain projects in the U.S. and Indonesia were not completed as scheduled due to funding issues, resulting in a decrease in expected recoverable amounts[29]. - The company made impairment provisions for some real estate development projects in the U.S. and power plant projects in Indonesia[32]. - The company is facing increasing defaults in the real estate sector, impacting its financial stability[26]. - The construction of the LA Project has been suspended since October 2020 due to liquidity issues and the impact of the global pandemic[67][69]. - The Group's energy segment faced delays in project schedules due to funding issues, extending the cash collection cycle and impacting recoverable amounts[55]. Strategic Initiatives - The company is actively working on asset optimization and disposal, aiming to introduce strategic investors and reduce leverage and liabilities[30]. - The company plans to strengthen core asset operations and resolve liquidity risks comprehensively[30]. - Management plans to optimize existing projects and explore joint ventures or sales to improve profitability amid funding uncertainties[46]. - The Group plans to dispose of idle land parcels to repay indebtedness, reducing recurring financial costs, with sales intended to be completed in 2022[75]. - The Group is actively seeking refinancing options for existing loans due to debt default on the Shanghai properties, which are currently under receivership[58]. Market Conditions - The economic recovery was dampened by the resurgence of COVID-19, particularly with the spread of the Omicron variant[31]. - The office leasing market in Shanghai has shown slightly weak demand, leading to increased vacancy rates and a slowdown in rental growth[38]. - The overall demand in the office leasing market has been affected by the pandemic and economic uncertainty, leading to a decline in tenants' leasing ability[38]. - The "three red lines" policy has begun to curb the growth of real estate developers' debt, contributing to a rise in bond defaults among Chinese issuers[41]. Financial Position and Liquidity - As of December 31, 2021, the Group's bank and other loans totaled HK$5,752.5 million, down from HK$6,590.9 million in 2020, with a gearing ratio of 135.3% compared to 69.2% in the previous year[161]. - The Group's liquidity position reflects a significant reliance on USD, HKD, and RMB, with 29.3%, 42.7%, and 26.9% of cash and liquid funds denominated in these currencies respectively[156]. - The Group is actively seeking additional bank and other borrowings to finance existing financial obligations and maintain sufficient cash flow[162]. - The Group's finance department will manage funding needs through borrowings and issuance of debts, convertible bonds, and new shares as necessary[143]. Future Outlook - The Group aims to streamline operations and introduce strategic investors while developing the nearly completed LA Project[100][104]. - The ongoing economic uncertainty and strict regulations in the real estate development industry are expected to prolong liquidity issues in 2022[96][98]. - The Group's future development trends are discussed in the annual report[197]. - The Group assumes no obligation to correct or update any forward-looking statements or opinions contained in the annual report[170].

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Market Overview - The Hang Seng Index fell from 29,056 in January 2020 to a low of 21,696 in March 2020, marking significant market volatility [20]. - U.S. GDP plummeted 32.9% in Q2 2020, the highest decline since records began, impacting the Group's U.S. project developments [24]. - The World Trade Organization predicts global trade may contract by 13% to 32% in 2020, potentially exceeding levels seen during the 2008 financial crisis [20]. - The International Monetary Fund projected a contraction of 4.9% in global economic output for 2020, indicating a severe recession [24]. - The rapid spread of COVID-19 has caused significant impacts on business activities globally, leading to a crisis comparable to the 2008 financial crisis [20]. Company Performance - Revenue for the Period decreased by 17% to HK$47.5 million, down from HK$57.6 million in 2019 [37]. - Loss before interest expense and tax (LBIT) for the Period amounted to HK$38.3 million, compared to HK$27.2 million in 2019 [37]. - Consolidated loss attributable to shareholders for the Period was HK$41.8 million, compared to HK$35.6 million in 2019 [37]. - Basic loss per share was HK0.26 cent, compared to HK0.22 cent in 2019 [37]. - Total comprehensive expenses for the period amounted to HK$121,009, significantly higher than HK$64,752 in the previous year, marking an increase of 86.5% [184]. Asset and Investment Overview - As of June 30, 2020, the Group's total assets increased by 2% to HK$25,489.9 million compared to December 31, 2019 [34]. - Investment properties grew by 3% to HK$5,298.3 million as of June 30, 2020, compared to December 31, 2019 [34]. - Properties under development also increased by 3% to HK$16,111.4 million as of June 30, 2020, compared to December 31, 2019 [34]. - The Group has invested approximately US$1,155.8 million (equivalent to approximately HK$8,957.9 million) in the Los Angeles project as of June 30, 2020 [54]. - The New York project has total funds invested of approximately US$407.4 million (equivalent to approximately HK$3,157.5 million) as of June 30, 2020 [58]. Financial Management - The Group raised net financing proceeds from bank and other borrowings amounting to HK$1,183.9 million during the six months ended June 30, 2020 [28]. - As of June 30, 2020, the Group's borrowings amounted to HK$6,797.2 million, an increase from HK$5,363.1 million as of December 31, 2019 [100]. - The Group's gearing ratio as of June 30, 2020, was 65.1%, up from 50.8% as of December 31, 2019 [100]. - The Group's total unsecured and unrestricted cash, liquid funds, and listed investments amounted to HK$87.1 million, an increase of 23.7% from HK$70.4 million as of December 31, 2019 [95]. - The management plans to secure additional financing for ongoing projects in the U.S. and Indonesia [100]. Operational Adjustments - China Oceanwide Holdings provided rent reductions to certain tenants affected by COVID-19, which was offset by an increased occupancy rate [19]. - The leasing market is experiencing little upward momentum in the short term due to the economic environment, with unpredictable long-term effects [25]. - The Group actively adjusted measures in response to market reactions to meet ongoing challenges [25]. - The COVID-19 outbreak has impacted the progress of the Los Angeles project, necessitating adjustments in subsequent development phases [54]. - The Group continues to identify potential business opportunities and formulate strategies to cope with economic uncertainty [19]. Shareholder Information - As of June 30, 2020, Lu Zhiqiang and Huang Qiongzi, through controlled corporations, held 12,097,721,178 shares, representing 74.94% of the company's shareholding [155]. - Liu Jipeng, a beneficial owner, held 9,212,000 shares, representing 0.05% of the company's shareholding [123]. - Oceanwide Group Co., Ltd. holds a 98% equity interest in China Oceanwide Holdings Group, which translates to an interest in all shares held by China Oceanwide Holdings Group [165]. - The existing share option scheme was conditionally adopted on May 19, 2015, but no options have been granted since its adoption [168]. - The company issued convertible notes with an aggregate principal amount of HK$600 million at an initial conversion price of HK$0.71 per share [169].

Financial Performance - The consolidated loss attributable to shareholders for the year was HK$58.0 million, compared to HK$48.8 million in 2018, with a basic loss per share of HK0.36 cent[57]. - Revenue for the year was HK$113.0 million, down from HK$138.6 million in 2018, with a loss before interest expense and tax of HK$47.9 million[58]. - In 2019, revenue from property investment segment was HK$88.5 million, a decrease of 7% from HK$96.1 million in 2018, with EBIT down 17% to HK$67.0 million[104]. - The Group's revenue from finance investment and others segment was HK$24.6 million in 2019, representing a decrease of 42% compared to HK$42.5 million in 2018[122]. - The loss before interest and tax (LBIT) for the finance investment and others segment was HK$5.4 million in 2019, down from HK$9.5 million in 2018[122]. Asset Management - As of December 31, 2019, the Group's total assets amounted to HK$24,914.1 million, representing a 3% increase from HK$24,245.6 million in 2018[53]. - The scale of investment properties increased by 16% to HK$5,127.1 million compared to 2018, while properties under development rose by 6% to HK$15,690.7 million[53]. - The Group's fair value of the investment in securities, funds, and bonds was HK$96.6 million as of December 31, 2019, representing 0.4% of the Group's total assets[87]. - The Group's cash flow management reflects a strategic shift in response to project delays and financing needs, emphasizing the importance of alternative fundraising activities[144]. - The Group plans to gradually adjust its investment portfolio to focus on light real estate investment projects while maintaining capital adequacy[94]. Market Conditions - The ongoing U.S.-China trade war has led to increased obstacles in capital flow policies, impacting the Group's liquidity management[41]. - The overall economic environment has negatively impacted the property investment sector, leading to challenges in rental income[41]. - The outbreak of COVID-19 is expected to negatively impact the global economy, affecting the property and rental markets[45]. - The average occupancy rate of the two office and commercial properties in Shanghai was 91% as of December 31, 2019[66]. - The Group's response to the economic challenges includes measures to reduce rents and support tenants during the COVID-19 outbreak[66]. Corporate Governance - The Board does not recommend the payment of a final dividend for the year to retain sufficient capital for future business development[60]. - The Company integrates industry best practices into operations and complies with all applicable laws and regulations[184]. - The Group's compliance with significant laws and regulations is detailed in the Corporate Governance Report[184]. - The Company has been actively involved in corporate restructuring, leveraging the extensive experience of its Chief Financial Officer[176]. - The distributable reserves of the Company as of December 31, 2019, amounted to nil, as calculated under the Companies Act of Bermuda[197]. Management and Strategy - The Company plans to explore new revenue streams and promote business growth in response to market changes[41]. - The management plans to maintain sound liquidity and maximize shareholder value through prudent financial management[103]. - The management has restructured its finance investment portfolio and disposed of certain assets to realize profits[103]. - The Group aims to optimize asset allocation and dispose of unprofitable assets for more profitable business opportunities in the short term[94]. - The Group's management closely monitors liquidity to ensure that its asset, liability, and commitment structure can meet funding requirements[126]. Projects and Investments - Total funds invested in the Los Angeles project amounted to approximately US$1,128.4 million (equivalent to approximately HK$8,787.8 million) as of December 31, 2019[71]. - The New York project has total funds invested of approximately US$406.5 million (equivalent to approximately HK$3,165.7 million) as of December 31, 2019[75]. - The Hawaii project in Ko Olina has total funds invested of approximately US$214.5 million (equivalent to approximately HK$1,670.5 million) as of December 31, 2019[77]. - The Medan Project in Indonesia has seen total investments of approximately US$362.0 million (equivalent to approximately HK$2,819.2 million) as of December 31, 2019[86]. - The Group's real estate development projects in the U.S. are positioned as mid- to high-end luxurious property complexes[68]. Employment and Human Resources - The Group employed 86 employees as of December 31, 2019, a reduction from 114 employees in 2018, with total staff remuneration costs amounting to HK$90.5 million, down from HK$113.4 million[150]. - The Group's other receivables included loans and interest receivables related to energy projects in Indonesia, with ongoing negotiations for loan agreement renewals[136]. - The Group's management plans to shift its operational focus from US dollar assets to professional real estate investment with high liquidity[51]. - The Group's management will closely monitor macroeconomic conditions and implement contingency measures as necessary due to the ongoing trade war[97]. - The Group will seek profit growth points with higher efficiency of capital operation, including both short-term and long-term investments[97].