Financial Performance - The total market value of the group's investment properties as of December 31, 2024, is approximately HKD 604.1 million, a decrease of about HKD 247.3 million compared to 2023[9]. - Rental income for the year ended December 31, 2024, is approximately HKD 26.8 million, a decrease of about 3.5% from 2023, primarily due to increased rental concessions[10]. - The net loss for the year ended December 31, 2024, is approximately HKD 234.3 million, compared to a net loss of HKD 47.1 million in 2023[13]. - Revenue for the fiscal year 2024 was HKD 26.8 million, a decrease from HKD 27.8 million in 2023, representing a decline of approximately 3.6%[20]. - The annual loss attributable to equity holders of the company was HKD 234.3 million in 2024, compared to HKD 47.1 million in 2023, indicating a significant increase in losses[20]. - The total equity attributable to equity holders was HKD 608.0 million as of December 31, 2024, down from HKD 882.3 million in 2023, a decrease of approximately 30.9%[20]. - The basic loss per share for 2024 was HKD 0.6066, an increase from HKD 0.1219 in 2023, reflecting a worsening financial performance[33]. Investment Properties - The fair value of the group's investment properties decreased by approximately HKD 247.3 million in 2024, reflecting the overall market conditions for commercial retail and residential investment properties in Hong Kong[13]. - The fair value of the investment in the Epic Capital Development Fund I, L.P. is approximately HKD 55.7 million as of December 31, 2024, down from HKD 89.5 million in 2023[11]. - The net change in fair value of investment properties decreased by HKD 247.3 million in 2024, compared to a decrease of HKD 56.7 million in 2023[20]. - The investment in a fund related to property reconstruction decreased in fair value to approximately HKD 55.7 million in 2024 from HKD 89.5 million in 2023, a decline of about 37.8%[31]. Market Conditions - The long-term high-interest environment and strong HKD are negatively impacting consumer sentiment, hindering the recovery of the Hong Kong retail market[15]. - The group anticipates ongoing challenges in the retail market due to changing consumer habits and geopolitical tensions affecting the global economic outlook[15]. Financial Health - The group's total comprehensive expenses for 2024 are approximately HKD 40.1 million, compared to about HKD 6.2 million in 2023[10]. - The net current liabilities were approximately HKD 7.6 million as of December 31, 2024, a significant decrease from HKD 66.8 million in 2023[34]. - The current ratio improved to approximately 0.91 in 2024, compared to 0.40 in 2023, indicating better short-term financial health[34]. - The company has no major plans for significant investments or acquisitions due to an uncertain market outlook[20]. Corporate Governance - The company emphasizes effective corporate governance as a key factor for sustainable development and shareholder value[60]. - The board consists of seven members, including four executive directors and three independent non-executive directors[61]. - The independent non-executive directors have extensive experience in banking and property investment[55][56]. - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules[60]. - The board is responsible for overall management, including policy formulation, strategy approval, and risk management systems[61]. - The company has established sufficient risk management procedures to identify and control various risks in its internal and external environment[47]. Employee and Board Diversity - The gender diversity ratio among board members is balanced, with 28.6% male and 71.4% female employees in 2024[73]. - The company has implemented a board diversity policy, considering factors such as gender, age, and professional experience[67]. - The company reported a 0% employee turnover rate for the year 2024, maintaining a stable workforce of 7 full-time employees[137]. - The age distribution of employees showed 42.8% in the 36-45 age group and 57.2% in the 56 and above category, with no employees in the 18-25 and 26-35 age groups[140]. Environmental, Social, and Governance (ESG) Compliance - The company has complied with the environmental, social, and governance (ESG) reporting guidelines for the year ending December 31, 2024[121]. - Stakeholder engagement activities are conducted to maintain ongoing dialogue and make informed decisions regarding ESG matters[122]. - The company remains committed to environmental compliance, with no significant adverse impacts reported from its operations[135]. Risk Management and Internal Controls - The board is responsible for maintaining an effective internal control and risk management system, which is reviewed annually for effectiveness[106]. - The company has established an insider information policy to guide the handling of insider information and ensure compliance with regulations[107]. - The company has implemented internal control policies to manage potential conflicts of interest among directors[102]. Shareholder Information - The company did not declare a final dividend for the year ended December 31, 2024, consistent with the previous year[51]. - The company’s available reserves for distribution as of December 31, 2024, were approximately HKD 0, unchanged from the previous year[178]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special general meeting[112]. Charitable Contributions - The company donated HKD 50,000 to the Wing Lee Entrance Scholarship at the University of Hong Kong to encourage youth[153]. - The company made a charitable donation of HKD 50,000 during the fiscal year, consistent with the previous year[169].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 全年業績公佈 截至二零二四年十二月三十一日止年度 綜合財務狀況表 於二零二四年十二月三十一日 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 非流動資產 | | | | | 投資物業 | 9 | 604,080 | 851,340 | | 其他物業、廠房及設備 | | 11,276 | 11,777 | | 遞延應收租賃款項 | 10 | 247 | 373 | | 其他金融資產 | 11 | 55,667 | 89,503 | | | | 671,270 | 952,993 | | 流動資產 | | | | | 應收租賃款項、其他應收賬項及預付款項 | 1 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$13,383,000, a decrease of 3.1% compared to HK$13,807,000 for the same period in 2023[6] - Loss before taxation was HK$60,226,000, compared to a profit of HK$1,098,000 in the same period last year[6] - Total comprehensive expense for the period was HK$85,492,000, significantly higher than HK$954,000 in the previous year[6] - Basic and diluted loss per share was HK$15.87, compared to HK$0.03 in the prior period[6] - The Group reported a loss before taxation of HK$61,271,000 for the six months ended June 30, 2024, compared to a loss of HK$108,000 for the same period in 2023[26] - The Group recorded a net loss for the period of approximately HK$61.3 million, compared to a net loss of approximately HK$108,000 in 2023, excluding the impact of the net decrease in fair value reserves from the Fund[75] - The total comprehensive expense for the Group attributable to owners amounted to approximately HK$85.5 million, significantly higher than approximately HK$1.0 million in 2023, reflecting market conditions in Hong Kong's commercial retail and residential investment property sectors[79] Assets and Liabilities - Non-current assets decreased to HK$866,733,000 from HK$952,993,000 as of December 31, 2023[7] - Current assets increased to HK$76,959,000 from HK$45,372,000 as of December 31, 2023[7] - Total equity decreased to HK$796,798,000 from HK$882,290,000 as of December 31, 2023[7] - As of June 30, 2024, the total equity of the company is HK$796,798,000, a decrease from HK$933,498,000 as of June 30, 2023, reflecting a loss for the period[9] - The carrying value of investment properties in Hong Kong decreased from HK$851,340,000 as of December 31, 2023, to HK$783,460,000 as of June 30, 2024, representing a decline of approximately 8%[32] - The Group's total lease and other receivables amounted to HK$1,501,000 as of June 30, 2024, compared to HK$1,806,000 as of December 31, 2023, reflecting a decrease of approximately 17%[42] - Bank loans as of June 30, 2024, totaled HK$134,599,000, an increase from HK$100,581,000 as of December 31, 2023[50] Cash Flow - The net cash from operating activities for the six months ended June 30, 2024, is HK$7,433,000, compared to HK$6,328,000 for the same period in 2023, indicating an increase of approximately 17.5%[11] - The company reported a net increase in cash and cash equivalents of HK$32,703,000 for the six months ended June 30, 2024, compared to a decrease of HK$7,085,000 in the same period of 2023[11] - The company’s investment activities resulted in a net cash outflow of HK$5,005,000 for the six months ended June 30, 2024, compared to an inflow of HK$915,000 in the same period of 2023[11] - The company’s financing activities generated a net cash inflow of HK$30,275,000 for the six months ended June 30, 2024, compared to a net cash outflow of HK$14,328,000 in the same period of 2023[11] Investment Properties - The fair value of investment properties decreased to HK$783,460,000 as of June 30, 2024, down from HK$851,340,000 at the beginning of the period, representing a net decrease of 8%[28] - The Group's investment properties are measured using the fair value model and classified as investment properties, with no new acquisitions during the reporting period[34] - The Group's investment property portfolio consisted of 38 properties located in Hong Kong, with a total market value of approximately HK$783.5 million, down from HK$851.3 million as of December 31, 2023, reflecting a net decrease in fair value of approximately HK$67.9 million[71] - The Group's gross rental income for the six months ended June 30, 2024, was approximately HK$13.4 million, a decrease of about 3.1% compared to HK$13.8 million in the same period of 2023, primarily due to increased rental concessions granted to tenants[71] Share Capital and Options - The issued and fully paid share capital remained unchanged at HK$3,862,000 as of June 30, 2024[56] - The share option scheme allows for a maximum of 70,670,156 shares to be issued, which represents approximately 18.3% of the issued shares as of the date of the interim report[95] - The outstanding share options as of January 1, 2024, were 44,024,027[101] - The company has not granted any share options under the Scheme during the Period[100] Corporate Governance - The company has adopted the Corporate Governance Code and has complied with all applicable provisions during the six months ended June 30, 2024[123] - The audit committee, comprising three independent non-executive directors, has reviewed the interim report for the six months ended June 30, 2024[126] - The company has complied with the Model Code for Securities Transactions by Directors during the six months ended June 30, 2024[124] Market Outlook - The management remains optimistic about the outlook of the Hong Kong property leasing market despite challenges in the retail sector due to low consumer confidence and increased competition[78] - The Group may look beyond the Hong Kong region for investment opportunities to maintain competitiveness[79] - The government has implemented measures to stimulate retail demand, including expanding the Individual Visit Scheme and raising duty-free quotas for Mainland visitors, which may enhance Hong Kong's attractiveness as a tourist destination[78]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 * 僅供識別 WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 中期業績公佈 截至二零二四年六月三十日止六個月 中期業績 永利地產發展有限公司（「本公司」）之董事局（「董事局」）欣然呈列本公司及其附屬 公司（統稱「本集團」）截至二零二四年六月三十日止六個月之未經審核簡明綜合業 績及截至二零二三年六月三十日止同期之比較數字。 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 截至六月三十日止六個月 | --- | --- | --- | --- | |-------------------------------------------------------------------|-------|-------------------------------------------- ...

PROPERTY INVESTMENTS LIMITED PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司* WING LEE (於百慕達註冊成立之有限公司) 股份代號 : 864 年 報 ANNUAL REPORT * 僅供識別 永利地產發展有限公 司* WING LEE (Incorporated in Bermuda with limited liability) Stock code: 864 * For identication purposes only Annual Report 2023 年 報 永利地產發展有限公司 目 錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 3 | | 管理層討論及分析 | 6 | | 董事及高層管理人員履歷 | 12 | | 企業管治報告 | 15 | | 環境、社會及管治報告 | 28 | | 其他資料 | 34 | | 董事局報告 | 36 | | 獨立核數師報告 | 49 | | 綜合損益及其他全面收益表 | 55 | | 綜合財務狀況表 | 56 | | 綜合權益變動表 | 58 | | 綜合現金 ...

Financial Performance - For the year ended December 31, 2023, the company reported a revenue of HKD 27,787,000, a decrease of 5.3% from HKD 29,331,000 in 2022[12] - The company recorded a net loss of HKD 47,092,000 for the year, compared to a profit of HKD 17,527,000 in the previous year[12] - The total comprehensive expense for the year amounted to HKD 53,272,000, significantly higher than HKD 4,635,000 in 2022[12] - Revenue from external customers for the year ended December 31, 2023, was HKD 27,787,000, a decrease from HKD 29,331,000 in 2022, representing a decline of approximately 5.3%[34] - The company reported a net loss attributable to equity holders of approximately HKD 47.1 million for the year ended December 31, 2023, compared to a profit of HKD 17.5 million in 2022[41] - The group recorded a net profit of approximately HKD 10.7 million for the year ended December 31, 2023, compared to approximately HKD 15.0 million in 2022, primarily due to decreased rental income and increased financial costs[62] Assets and Liabilities - The company's non-current assets, primarily investment properties, decreased to HKD 851,340,000 from HKD 908,010,000 in the previous year[14] - The net current liabilities increased to HKD 66,765,000, compared to HKD 13,088,000 in 2022, indicating a deterioration in liquidity[18] - The fair value of investment properties decreased to approximately HKD 851.3 million in 2023 from HKD 908.0 million in 2022, reflecting a net change of HKD (56.7) million[55] - The fair value of the group's investment properties decreased by approximately HKD 56.7 million in 2023, reflecting the overall market conditions in Hong Kong's commercial retail and residential investment property sectors[62] - The total equity of the group as of December 31, 2023, was approximately HKD 882.3 million, down from approximately HKD 934.5 million in 2022, reflecting a decrease of approximately HKD 52.2 million[72] - As of December 31, 2023, the group's current liabilities net amount was approximately HKD 66.8 million, an increase from approximately HKD 13.1 million in 2022, with a current ratio of approximately 0.40[72] Income and Expenses - The basic and diluted loss per share for the year was HKD (12.19), compared to earnings of HKD 4.54 in 2022[12] - The group reported a diluted loss per share of HKD (121.0) cents for 2023, compared to a diluted earnings per share of HKD 45.4 cents in 2022[43] - The group has adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 17 on insurance contracts, which did not have a significant impact on the financial statements as the group has no contracts within its scope[21] - Financing costs increased to HKD 6,330,000 in 2023 from HKD 3,065,000 in 2022, reflecting a significant rise of approximately 106.3%[36] - The group reported a total employee cost of HKD 6,771,000 for 2023, down from HKD 8,164,000 in 2022, indicating a decrease of about 17.0%[36] - The current tax provision for Hong Kong profits tax for the year was HKD 1,494,000, compared to HKD 2,344,000 in the previous year, a reduction of approximately 36.3%[37] - Deferred tax for the year was HKD 1,459,000, down from HKD 2,155,000 in 2022, representing a decrease of about 32.3%[37] Dividends and Capital Management - The company did not declare any dividends for the year ended December 31, 2023, consistent with the previous year[5] - The group did not recommend any dividend distribution at the end of the reporting period[40] - The group did not declare a final dividend for the year ending December 31, 2023, consistent with 2022[89] - The company plans to actively review its capital structure and may pursue new debt financing or property sales to enhance liquidity[19] - The group maintained a cautious financial management policy, with cash typically held in short-term deposits primarily in HKD[80] Operational Insights - The group’s operational business is primarily focused on property investment, with no significant changes in business segments reported[28] - Rental income from a single customer accounted for over 10% of the total revenue for the year ended December 31, 2023[30] - Rental income for the year ended December 31, 2023, was approximately HKD 27.8 million, a decrease of about 5.3% compared to 2022, primarily due to increased rental concessions granted to tenants[60] - The company continued to hold a 10% investment in Epic Capital Development Fund I, L.P., which is involved in property redevelopment in Hong Kong[60] - The company injected additional capital of approximately HKD 7.1 million into the fund during 2023, which was offset by a net decrease in the fund's fair value reserve of approximately HKD 6.2 million[61] - The group continues to maintain a high level of occupancy across its diversified tenant portfolio, closely monitoring economic trends and adjusting rental policies as necessary[64] Market Outlook - The management remains optimistic about the economic outlook for Hong Kong, anticipating a gradual recovery in retail property leasing activities despite ongoing inflationary pressures and geopolitical uncertainties[63] - The group has no major plans for significant investments or acquisitions due to an uncertain market outlook, maintaining a prudent financial policy when evaluating potential investment opportunities[66] Risk Management - The group has established sufficient risk management procedures to identify and control various risks in line with the best interests of the group and its shareholders[85] - As of December 31, 2023, the group had no significant contingent liabilities[82] Other Financial Information - The group recorded share-based payment expenses of approximately HKD 1.1 million for the year 2023, down from HKD 2.6 million in 2022[86] - The group had no capital commitments contracted but not provided for in the financial statements as of December 31, 2023, and 2022[81] - Capital expenditure for the year ending December 31, 2023, was approximately HKD 7.1 million, a decrease from HKD 14.9 million in 2022[77] - The group held approximately HKD 42.6 million in bank deposits and cash as of December 31, 2023, a decrease from approximately HKD 53.7 million in 2022[73]

6. 稅項 香港利得稅按兩個期間估計應課稅溢 利的16.5%的稅率計算，但本集團一 間附屬公司除外，該公司為兩級利得 稅率制度下的合資格實體。該附屬公 司的首2,000,000港元（二零二二年： 2,000,000港 元）應 課 稅 溢 利 按8.25% 繳稅，其餘應課稅溢利則按16.5%繳 稅。 簡明綜合財務報表附註（續） 7. LOSS PER SHARE The calculation of the basic and diluted loss per share is based on the following data: | --- | --- | --- | --- | |-----------------------------------------------|---------------------------------------------------------------|------------------------|-------------| | | | | | | 應佔本期間虧損 | diluted loss per share | (108) | (6,588) ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 WING LEE PROPERTY INVESTMENTS LIMITED 永 利 地 產 發 展 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 中期業績公佈 截至二零二三年六月三十日止六個月 中期業績 永利地產發展有限公司（「本公司」）之董事局（「董事局」）欣然呈列本公司及其附屬 公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業 績及截至二零二二年六月三十日止同期之比較數字。 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 千港元 千港元 附註 （未經審核） （未經審核） 收益 3 13,807 14,107 直接經營開支 (965) (617) 12,842 13,490 其他收入 1,036 499 投資物業公平值變動淨額 9 (7,100) (12,910) 行政支出 (2,799 ...

WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司* PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司* Annual Report 2022 年 報 * 僅供識別 * For identication purposes only WING LEE (Incorporated in Bermuda with limited liability) Stock code: 864 (於百慕達註冊成立之有限公司) 股份代號 : 864 2022 年 報 2022 ANNUAL REPORT 永利地產發展有限公司 目 錄 | --- | --- | |---------------------------------------------|-------| | | | | 公司資料 2 | | | 主席報告 3 | | | 管理層討論及分析 6 | | | 董事及高層管理人員履歷 | 12 | | 企業管治報告 15 | | | 環境、社會及管治報告 28 | | | 其他資料 34 | | | | | | 董事局報告 36 | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 WING LEE PROPERTY INVESTMENTS LIMITED 永 利 地 產 發 展 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 全年業績公佈 截至二零二二年十二月三十一日止年度 業績 永利地產發展有限公司（「本公司」）董事（「董事」）局（「董事局」）欣然公佈本公司 及其附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度之經審核 綜合業績如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 3 29,331 28,934 直接經營開支 (1,307) (1,573) 28,024 27,361 其他收入 4 1,076 624 投資物業公平值淨變動 9 5,103 2,026 行政支出 (11,122) (8,917) 融資成本 5 (3,065) (2,103) 除稅前溢利 5 2 ...