Core Viewpoint - The company, Zhongyu Land (01224.HK), anticipates a shareholder loss of approximately HKD 40 million for the six months ending June 30, 2025, a significant decline from a profit of HKD 91 million in the same period last year [1] Financial Performance - The expected loss is primarily attributed to a decrease in contributions from joint ventures and a reduction in fair value gains from the company's investment properties in the UK during the revaluation on June 30, 2025 [1] - Part of the loss has been offset by foreign exchange gains resulting from the appreciation of the British pound against the Hong Kong dollar as of the reporting date [1]

Group 1 - The company, Zhongyu Land (01224), expects to incur a shareholder loss of approximately HKD 40 million for the six months ending June 30, 2025, compared to a profit of HKD 91 million in the same period last year [1] - The loss is primarily attributed to a decrease in contributions from joint venture investments and a reduction in fair value gains from the revaluation of the company's investment properties in the UK as of June 30, 2025 [1] - Part of the loss has been offset by foreign exchange gains resulting from the appreciation of the British Pound against the Hong Kong Dollar at the reporting date [1]

智通财经APP讯，中渝置地(01224)公布，该集团预期于截至2025年6月30日止六个月期间将取得约4000 万港元的股东应占亏损，相比去年同期则取得9100万港元的盈利。本期间的亏损主要是由于集团合资企 业投资的贡献减少，以及于2025年6月30日对集团位于英国的投资物业进行重估时产生的公平值收益减 少所致，当中部分已被于报告日期英镑兑港元升值所产生的汇兑收益所抵销。 ...

（於百慕達註冊成立的有限公司） 網址︰ www.ccland.com.hk （股份代號︰1224） 內幕消息 中渝置地控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據《香港 聯合交易所有限公司證券上市規則》第13.09條及香港法例第571章《證券及期貨條例》 第XIVA部的規定作出本公告。 本公司董事會（「董事會」）謹此通知本公司股東及潛在投資者，根據董事會目前所 得的最新資料，本集團預期於截至2025年6月30日止六個月期間將錄得約40百萬港元的 股東應佔虧損，相比去年同期則錄得91百萬港元的盈利。本期間的虧損主要是由於本 集團合資企業投資的貢獻減少，以及於2025年6月30日對本集團位於英國的投資物業進 行重估時產生的公平值收益減少所致，當中部分已被於報告日期英鎊兌港元升值所產 生的匯兌收益所抵銷。 本公告是基於（其中資料包括）對本集團最新管理賬目的初步審閱及評估而作出。由 於該等管理賬目仍有待本公司進一步審閱及審核委員會的審閱，本公司股東及潛在投 資者務請仔細閱讀於2025年8月底前刊發的本公司截至2025年6月30日止六個月的業績 公告。 1 香港交易及結算所有限公司及香港聯合交易所有限公 ...

Group 1 - The Ministry of Finance and the State Taxation Administration announced the resumption of VAT on interest income from newly issued government bonds, local government bonds, and financial bonds starting from August 8 [1] - The Hong Kong High Court ruled that Zong Fuli cannot withdraw or transfer any assets from the bank account of Jianhao Venture Capital Limited until the litigation results are finalized [1] - The U.S. non-farm payrolls increased by only 73,000 in July, the lowest in nine months, significantly below the expected 110,000, indicating a rapid slowdown in the labor market [1] Group 2 - The central bank emphasized the implementation of a moderately loose monetary policy and enhancing the effectiveness of monetary policy measures [2] - The National Development and Reform Commission plans to accelerate the establishment of new policy financial tools to support private enterprises in major national projects [2] - The Supreme Court issued judicial interpretations on labor disputes, clarifying that agreements not to participate in social insurance are invalid [2] Group 3 - The Ministry of Finance reported six typical cases of local government hidden debt, with Xiamen, Chengdu, and Wuhan East Lake New Technology Development Zone adding hidden debts of 68.396 billion, 61.408 billion, and 10.385 billion respectively [3] Group 4 - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.37% to 3559.95 points, and the total trading volume for the day was 1.62 trillion [4] - The Hong Kong Hang Seng Index closed down 1.07% at 24507.81 points, marking four consecutive days of decline [5] Group 5 - The Hong Kong Stock Exchange published a consultation summary on optimizing IPO pricing and public market regulations, allowing a reduction in the minimum allocation ratio for IPO book-building from 50% to 40% [5] - The Shanghai Stock Exchange clarified that pre-application consultation is not a mandatory procedure for project acceptance [5] Group 6 - In the electric vehicle sector, July delivery figures showed significant growth for several companies, with Leap Motor surpassing 50,000 deliveries for the first time [9] - The Ministry of Industry and Information Technology issued a digital transformation implementation plan for the machinery industry, aiming for 50% of enterprises to reach a maturity level of two or above by 2027 [10] Group 7 - The State Administration of Foreign Exchange outlined key tasks for foreign exchange management, emphasizing the need for macro-prudential management of cross-border capital flows [21] - The onshore RMB closed at 7.2106 against the USD, down 176 basis points from the previous trading day [21]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: C C Land Holdings Limited 中渝置地控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01224 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | ...

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 31,963 million, representing a significant increase compared to previous years[6] - The company reported a net profit attributable to shareholders of HKD 648 million for the year ended December 31, 2023, up from HKD 589 million in 2022, marking a growth of approximately 10%[12] - The group recorded a consolidated revenue of HKD 508.3 million for the year ending December 31, 2024, representing an increase of approximately 7.5% compared to HKD 473.0 million in 2023[19][26] - The group's total revenue for the year was HKD 508.3 million, an increase of 7.5% compared to HKD 473.0 million in 2023, primarily due to increased contributions from the financial investment segment[30] Assets and Equity - Total assets as of December 31, 2023, amounted to HKD 34,141 million, indicating a strong asset base[7] - Shareholders' equity as of December 31, 2023, was HKD 18,440 million, reflecting a healthy financial position[10] - The group's investment in joint ventures decreased from HKD 102 billion to HKD 93 billion, primarily due to cash distributions and losses from property sales[40] - As of December 31, 2024, the total value of the investment portfolio was HKD 805.8 million, down from HKD 1,063.4 million in 2023, with unrealized fair value gains of HKD 4.1 million compared to losses of HKD 136.1 million in 2023[56] Market Strategy and Growth - The company plans to expand its market presence through strategic acquisitions and new product developments in the upcoming fiscal year[6] - The management has set a performance guidance for the next fiscal year, aiming for a revenue growth of 5% to 7%[6] - The group anticipates continued growth in its office leasing business in London, supported by strong market fundamentals and successful asset management capabilities[23] - The group plans to adopt a prudent investment strategy and assess the performance of its investment portfolio in light of the uncertain economic environment[22][23] Environmental, Social, and Governance (ESG) Initiatives - The board of directors emphasizes a commitment to environmental, social, and governance (ESG) initiatives as part of its long-term strategy[6] - The company aims to balance economic and environmental sustainability as a key challenge in its ESG strategy[74] - The company has not set any emission reduction targets as the emissions were deemed not significant, but it remains committed to reducing emissions where appropriate[71] - The company participated in the "Hong Kong Green Building Week 2024," which aims to promote carbon neutrality, scheduled from September 21 to September 29, 2024[76] Operational Efficiency and Technology - The company is investing in new technologies to enhance operational efficiency and improve customer experience[6] - The company has implemented energy-efficient appliances in the office to promote sustainability[80] - The company has adopted a policy for using environmentally friendly materials and practices in its operations[80] - The company has established designated recycling points in the office to collect recyclable paper waste and other office materials for proper recycling[77] Employee and Community Engagement - The total employee count as of December 31, 2024, was 68, down from 72 in 2023[86] - Employee turnover rate was 8.82% in Hong Kong, with a gender-specific turnover rate of 21.43% for female employees and 0% for male employees[87] - The company provided training opportunities for employees, with an average training hours of 4.68 for male employees and 3.93 for female employees[92] - The company made charitable donations totaling HKD 188,000 during the reporting year[99] Corporate Governance - The board of directors is composed of a chairman and five executive directors, with all members actively participating in meetings and decision-making processes throughout 2024[119] - The company is committed to maintaining high standards of corporate governance, ensuring the long-term success and sustainability of its operations[118] - The audit committee, composed of three independent non-executive directors, reviewed the group's accounting policies and practices for the year ending December 31, 2024[126] - The company has established an insider information disclosure policy to ensure compliance with legal and regulatory obligations[151] Financial Management and Debt - The net debt slightly decreased to HKD 8.4 billion from HKD 8.6 billion in 2023, while the net debt to equity ratio increased to 65.9% from 63.7% in the previous year[58] - Total debt amounted to HKD 10.3 billion as of December 31, 2024, down from HKD 11.4 billion in 2023, with 30% due within one year[60] - The weighted average cost of debt for the year was 5.9%, slightly up from 5.8% in 2023[60] - The company has secured a loan agreement for a total of HKD 1,350,000,000 with a 42-month term, which can be increased to a maximum of HKD 3,000,000,000 under certain conditions[189] Audit and Compliance - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards and reflect the group's financial position accurately as of December 31, 2024[194] - The auditor's goal is to obtain reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[200] - The audit committee assists the board in fulfilling its responsibilities and overseeing the financial reporting process[199] - The company must implement necessary internal controls to prevent material misstatements in the financial statements[199]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 508,317,000, representing an increase of 7.1% compared to HKD 472,980,000 in 2023[3] - Gross profit for the same period was HKD 471,062,000, up from HKD 440,166,000 in 2023, indicating a growth of 7.0%[3] - The net loss attributable to equity holders of the parent for the year was HKD 617,924,000, a significant improvement from a loss of HKD 1,937,240,000 in the previous year, reflecting a reduction of 68.1%[3] - The total comprehensive loss for the year was HKD 742,169,000, compared to HKD 1,281,955,000 in 2023, marking a decrease of 42.0%[4] - The company reported a total pre-tax loss of HKD 595,580,000 for 2024, a reduction from HKD 1,916,167,000 in 2023, reflecting a 68.9% decrease[18] - The adjusted loss before tax for property development and investment was HKD 106,253,000 in 2024, compared to a loss of HKD 1,197,222,000 in 2023, indicating a significant improvement[16] - The company reported a net loss from financial assets of HKD 66,205,000 in 2024, compared to a loss of HKD 136,053,000 in 2023, showing an improvement in financial performance[23] - The loss attributable to shareholders for the year was HKD 617.9 million, significantly reduced from HKD 1,937.2 million in 2023, primarily due to a fair value gain of approximately HKD 308.8 million from investment properties in the UK[36] - Basic loss per share for the year was HKD 0.1592, compared to HKD 0.4990 in 2023[36] Assets and Liabilities - The company's total assets decreased to HKD 20,103,275,000 from HKD 22,785,943,000, a decline of 11.8%[6] - Current liabilities exceeded current assets by HKD 482,310,000, primarily due to HKD 2,321,829,000 in notes payable maturing in September 2025[8] - Non-current assets totaled HKD 20,501,516,000 in 2024, down from HKD 21,299,093,000 in 2023, representing a decrease of 3.7%[21] - The company reported cash and cash equivalents of HKD 1,535,223,000, down from HKD 2,586,638,000 in 2023, a decrease of 40.6%[6] - The company's net debt slightly decreased to HKD 8.4 billion as of December 31, 2024, compared to HKD 8.6 billion in 2023, while the net debt to equity ratio increased from 63.7% to 65.9%[75] - Total debt as of December 31, 2024, is HKD 10.3 billion, down from HKD 11.4 billion in 2023, with a debt to total assets ratio of 44%[77] Investment Properties - The company’s investment properties increased slightly to HKD 11,061,312,000 from HKD 10,963,627,000, reflecting a growth of 0.9%[6] - Investment property fair value gains amounted to HKD 308,790,000 in 2024, contrasting with a loss of HKD 1,998,151,000 in 2023, showcasing a turnaround in performance[16] - The company recorded a fair value loss of HKD 308.8 million on investment properties in 2023, compared to a gain in 2024[36] - Fair value gains from investment properties in the UK amounted to HKD 308.8 million, compared to a fair value loss of HKD 2 billion in 2023[43] Revenue Sources - For the fiscal year ending December 31, 2024, total revenue from external customers was HKD 508,317,000, a decrease of 3.5% from HKD 472,980,000 in 2023[19] - The total revenue from the UK was HKD 455,722,000 in 2024, down from HKD 471,138,000 in 2023, indicating a decline of 3.3%[19] - Rental income from investment properties was HKD 455.7 million, a decrease of 3.3% from HKD 471.1 million in the previous year, mainly due to new lease agreements for One Kingdom Street not being completed until the second half of 2024[42][48] Financing and Costs - The company’s financing costs decreased to HKD 620,343,000 from HKD 640,772,000, a reduction of 3.4%[3] - The company incurred financing costs of HKD 620,343,000 in 2024, slightly lower than HKD 640,772,000 in 2023, indicating improved cost management[16] - The interest expense on bank and other borrowings was HKD 494.2 million in 2024, down from HKD 514.6 million in 2023[25] Operational Highlights - The company has a commitment for a revolving loan facility of HKD 3 billion from its chairman, which remains undrawn as of December 31, 2024[8] - The company did not recommend a final dividend for the year ending December 31, 2024, consistent with 2023[29] - The company employs 105 staff across Hong Kong, mainland China, and the UK, with total salary costs (excluding directors' remuneration) amounting to approximately HKD 127 million for the year[82] Strategic Outlook - The company anticipates continued instability in the business environment, focusing on the stability and sustainability of its existing property portfolio while adjusting strategies accordingly[70] - The company plans to remain vigilant in selecting quality assets and business acquisitions amidst geopolitical tensions and ongoing interest rate hikes[70] - The company maintains a conservative strategy, focusing on acquiring long-term financing for individual properties and managing financial risks through interest rate swaps and currency hedging[75][80] Compliance and Governance - Ernst & Young, the independent auditor, confirmed that the financial figures in the announcement align with the draft consolidated financial statements for the year ending December 31, 2024[86] - The audit committee has reviewed the accounting policies and practices adopted by the group and discussed the consolidated performance for the year ending December 31, 2024[87] - The company has adopted the "Code of Conduct for Securities Transactions by Directors" as per the Listing Rules Appendix C3, confirming compliance by all directors throughout the year[84] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the year[85] Development Projects - The group holds development rights for approximately 8.1 million square feet across key locations in the UK, Hong Kong, and mainland China, which are expected to contribute significantly to profitability in the short to medium term[53] - The group has pre-sold a total of 495 residential units in Thames City valued at over £989 million and 99 residential properties in The Whiteley totaling approximately £651 million as of December 31, 2024[54] - Thames City project will include approximately 1,500 luxury residential units with a total saleable area of about 1.7 million square feet, and has already confirmed sales of 43 units contributing £137 million in revenue[55] - The second and third phases of Thames City are in preparation, with saleable areas of 531,000 square feet and 590,000 square feet respectively, with the second phase expected to commence construction in the first half of 2025[56] - The Whiteley redevelopment project will provide approximately 603,000 square feet of space, including 139 luxury residential apartments and a five-star hotel with 109 rooms, with a total investment commitment of £182 million[58] - As of December 31, 2024, The Whiteley has pre-sold 99 residential units for £651 million, with 65 units delivered generating total sales of £484 million[60] - The group holds a 25% interest in the Kai Tak project, which has a total saleable area of approximately 795,000 square feet and a current occupancy rate of 75%[62] - Four luxury houses at 15 Shouson Hill were sold, contributing approximately HK$2.4 billion in total sales revenue, with eight houses remaining for sale[63] - The group has a 15% interest in the Kowloon Bay International Trade and Exhibition Centre, which is currently awaiting redevelopment approval[65] - The Jiangsu Yancheng project has a planned total investment of RMB 496 million, with a saleable area of 1.56 million square feet upon completion[66] - The Guangdong Jiangmen project has a total investment cost of RMB 703 million, providing a total construction area of approximately 19.2 million square feet[67] Other Income and Gains - Total other income and gains amounted to HKD 383.1 million in 2024, a substantial increase from HKD 75.1 million in 2023[25] - The company generated realized net gains of HKD 12.2 million from the sale of listed equity securities and redemption of non-listed investment funds, compared to no realized gains in 2023[73] - The company reported an unrealized fair value gain of HKD 4.1 million for the year, a significant recovery from a fair value loss of HKD 136.1 million in 2023[73]

Financial Performance - Total revenue increased by 1.8% to HKD 244.1 million, up from HKD 239.7 million for the same period last year[9] - Shareholders' profit was HKD 91.0 million, compared to a loss of HKD 1,349.8 million in the same period last year[10] - Basic earnings per share were HKD 0.0234, recovering from a loss of HKD 0.3477 per share in the previous year[10] - The total comprehensive income for the period was HKD 109,919,000, compared to a loss of HKD 526,231,000 in the previous year[55] - The company reported a profit of HKD 91,006,000 for the period, a significant recovery from a loss of HKD 1,349,829,000 in the same period last year[55] - The group reported a pre-tax profit of HKD 91,006,000 for the six months ended June 30, 2024, compared to a loss of HKD 1,349,829,000 for the same period in 2023[76] Investment Properties - Rental income from investment properties was HKD 222.5 million, a decrease of 6.9% compared to the same period last year[9] - The fair value gain from investment properties was HKD 122.9 million, compared to a fair value loss of HKD 1.4 billion in the same period last year[9] - The valuation of investment properties in the UK was GBP 1.1 billion, an increase of 1.4% from the end of last year[9] - The rental recovery rate during the period was stable at 96%, compared to 98% in the same period last year[11] - The rental yield for the Leadenhall Building is approximately 3.6%[12] - One Kingdom Street has approximately 265,000 square feet of prime office space with an annual rental income of £12.4 million, yielding a rental return of 4.3%[13] Financial Investments - The company recorded a fair value loss of HKD 21.2 million from financial investments, an improvement from a loss of HKD 43.6 million in the previous year[9] - The financial investment segment recorded a loss of HKD 21.2 million for the six months ended June 30, 2024, compared to a loss of HKD 62.7 million for the same period last year, with dividend income from these investments amounting to HKD 21.6 million[23] - The company’s adjusted profit before tax for the first half of 2024 was HKD 118,631,000, a recovery from a loss of HKD (1,320,457,000) in the same period of 2023[69] Debt and Cash Management - The total debt as of June 30, 2024, was HKD 103 billion, a decrease from HKD 114 billion as of December 31, 2023, with a debt-to-total assets ratio of 42%[27] - As of June 30, 2024, the group had cash on hand of HKD 1.5 billion, with approximately 10% in HKD, 34% in USD, 55% in GBP, and 1% in other currencies[26] - The average cost of debt for the group was 5.9% per annum as of June 30, 2024, compared to 5.6% for the same period last year[27] - The company’s total bank borrowings, including both current and non-current portions, decreased by approximately 11.7% from HKD 9,035,716,000 to HKD 7,981,723,000[86] Property Development - Thames City has pre-sold a total of 485 residential units valued at over £943 million, with 56,000 square feet sold during the period contributing £104 million in sales revenue[15][16] - The Whiteley project has pre-sold 94 residential units totaling £582 million, with 32 units delivered to buyers for a total sale price of £158 million[17] - The Kai Tak project maintains a rental rate of 69% as of June 30, 2024, following the move-in of a major new tenant, the Hospital Authority[18] - The Shouson Hill project has signed contracts for two luxury houses totaling HK$758 million during the period, with two additional houses contracted post-period for HK$1.038 billion[19] Corporate Governance and Compliance - The company has complied with the corporate governance principles outlined in the Listing Rules during the reporting period[44] - The audit committee reviewed the accounting policies and practices adopted by the group for the six months ending June 30, 2024[51] - The company confirmed compliance with the standards set out in the Model Code for Securities Transactions by Directors during the reporting period[45] Employee and Management Information - The group employed a total of 109 employees across its main operations in Hong Kong, mainland China, and the UK, with a total salary cost of approximately HKD 52 million during the period[31] - As of June 30, 2024, the total remuneration paid to key management personnel was HKD 19,240,000, a decrease from HKD 20,098,000 for the same period in 2023[94] Shareholder Information - No interim dividend was declared for the six months ending June 30, 2024, consistent with the previous period[32] - As of June 30, 2024, Windsor Dynasty holds 2,871,231,906 shares, representing approximately 73.96% of the company's issued share capital[41] Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2024[46] - The company has not engaged in any vendor financing arrangements, thus the recent accounting standard revisions regarding supplier financing do not impact its financial statements[67] - The unaudited interim consolidated financial information was approved by the board on August 22, 2024[101] - 中渝置地控股有限公司's mid-year report for 2024 was published[101]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 244,093,000, a 1.7% increase from HKD 239,682,000 in the same period of 2023[2] - Gross profit for the period was HKD 228,736,000, slightly down from HKD 228,819,000 year-on-year[2] - The company reported a profit attributable to equity holders of HKD 91,006,000, a significant recovery from a loss of HKD 1,349,829,000 in the previous year[2] - The basic and diluted earnings per share for the period were HKD 2.34, compared to a loss per share of HKD 34.77 in the same period last year[2] - Adjusted profit before tax for the six months ended June 30, 2024, was HKD 118,631,000, compared to a loss of HKD 1,320,457,000 for the same period in 2023[11] - Total other income and gains for the six months ended June 30, 2024, amounted to HKD 166,413,000, significantly higher than HKD 31,870,000 for the same period in 2023[12] - The estimated tax expense for the six months ended June 30, 2024, was HKD 27,625,000, a decrease from HKD 29,372,000 for the same period in 2023[16] Assets and Liabilities - The total non-current assets as of June 30, 2024, amounted to HKD 21,561,481,000, an increase from HKD 21,367,992,000 at the end of 2023[6] - The company's cash and cash equivalents decreased to HKD 1,412,628,000 from HKD 2,586,638,000 at the end of 2023[6] - Total liabilities decreased significantly from HKD 11,830,916,000 at the end of 2023 to HKD 10,658,861,000 as of June 30, 2024[6] - The company's total liabilities classification remains unchanged following the adoption of the revised accounting standards, indicating no impact on its financial position or performance[9] - The group has total debt of HKD 103 billion, with a debt-to-total-assets ratio of 42%, down from 45% at the end of 2023[43] Investment Properties - The investment properties increased to HKD 11,002,086,000 from HKD 10,963,627,000 at the end of 2023, indicating ongoing market expansion[6] - Rental income from investment properties was HKD 222.5 million, a decrease of 6.9% compared to HKD 239.0 million for the same period in 2023, mainly due to the expiration of several leases at One Kingdom Street[25] - The fair value gain from investment properties was HKD 122.9 million, compared to a fair value loss of HKD 1.4 billion for the six months ended June 30, 2023[26] - The company remains confident in the long-term prospects of its investment properties in London, which are expected to provide reliable and stable income[29] Joint Ventures and Projects - Thames City has pre-sold a total of 485 residential units valued at over £943 million, with 56,000 square feet sold contributing £104 million in sales revenue[32][33] - The Whiteley project has pre-sold 94 residential units totaling £582 million, with 32 units delivered to buyers for a total price of £158 million[34] - The company holds a 50% interest in Thames City, which is expected to contribute significantly to profitability in the near to medium term[33] - The Whiteley redevelopment project is expected to be completed in the second half of 2024, enhancing its position in the Bayswater area[34] - The company has a 29.4% interest in a joint venture for a development project in Jiangsu, with a planned total investment of RMB 496 million[36] - The group holds a 34% stake in a joint venture project in Jiangmen, Guangdong, with a total investment cost of RMB 703 million, covering an area of approximately 15.5 million square feet and providing a total construction area of about 19.2 million square feet[37] Financial Investment Segment - The company reported a net loss of HKD 21,193,000 in the financial investment segment for the six months ended June 30, 2024, compared to a loss of HKD 62,745,000 in the same period of 2023[11] - The financial investment segment recorded a loss of HKD 21.2 million, an improvement from a loss of HKD 62.7 million in the previous six months, with dividend income from these investments amounting to HKD 21.6 million[39] Corporate Governance and Compliance - The company has adopted the principles of good corporate governance as outlined in the Hong Kong Stock Exchange Listing Rules, ensuring compliance with the code provisions[49] - All directors confirmed compliance with the standards set forth in the Code of Conduct for Securities Transactions by Directors during the six months ended June 30, 2024[50] - The audit committee has discussed the accounting policies and practices adopted by the group and reviewed the unaudited interim condensed consolidated financial information for the six months ended June 30, 2024[52] Employee and Operational Insights - As of June 30, 2024, the group employed a total of 109 employees across Hong Kong, Mainland China, and the UK, with a total salary cost (excluding directors' remuneration) of approximately HKD 52 million[48] - The company has not engaged in supplier financing arrangements, thus the recent accounting standard revisions do not impact its financial statements[10] Market Outlook - The group remains optimistic about the Hong Kong property market following the government's removal of demand management measures, while also monitoring geopolitical tensions and interest rate hikes[40]