本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。潛在投資者於決定是否 投資發售股份前，應細閱招股章程有關下文所述本公司及全球發售的詳細資料。 除非另有界定，否則本公告所用詞彙與不同集團（「本公司」）日期為2025年9月15日的招股章程 （「招股章程」）所界定者具有相同涵義。 就全球發售而言，中信里昂證券有限公司作為穩定價格操作人（「穩定價格操作人」）（或其聯屬 人士或代其行事的任何人士）可在香港或其他地區的適用法律及監管規定允許的範圍內，代表 包銷商於上市日期後一段有限期間內超額分配或進行交易，以穩定價格操作人、其聯屬人士或 代其行事的任何人士釐定的價格、數量及方式穩定或維持股份市價並使其高於原應達致的水 平。然而，穩定價格操作人（或其聯屬人士或代其行事的任何人士）並無責任進行任何該等穩定 價格行動。該等穩定價格行動一經採取，(a)將由穩定價格操作人（或其聯屬人士或代其行事的 任何人士）以穩定價格操作人合理認為符合本公司最佳利益的方式全權酌情進行，(b)可隨時終 止，及(c)須在遞交香港公開發售申請截止日期（即2025年10月17日（星期五））後30日內結束。 該等穩定價格行動一經採取，可在所有 ...

Financial Performance - Revenue for the first half of 2023 was SGD 97,923,000, an increase of 8% compared to SGD 90,528,000 in the first half of 2022[8]. - Gross profit rose to SGD 70,389,000, reflecting a 16% increase from SGD 60,915,000 year-on-year[8]. - Net profit after tax increased by 21% to SGD 42,393,000, up from SGD 35,073,000 in the previous year[8]. - Earnings attributable to equity holders grew by 16% to SGD 38,301,000, compared to SGD 32,898,000 in the same period last year[8]. - Core operating profit for the first half of 2023 was SGD 36,020,000, an 11% increase from SGD 32,392,000 in the first half of 2022[13]. - Total comprehensive income for the six months was 49,405 thousand New Taiwan dollars, significantly higher than 15,978 thousand New Taiwan dollars in the same period last year[99]. - Total profit for the six months ended June 30, 2023, was 42,393 thousand SGD, an increase of 20.1% compared to 35,073 thousand SGD in 2022[22]. Dividends and Shareholder Returns - The company declared an interim dividend of 1.00 cents per share, doubling from 0.50 cents per share in the previous year[8]. - The interim dividend declared for the first half of 2023 is SGD 0.01 per share, totaling SGD 8,408,000, compared to SGD 4,209,000 for the same period in 2022[85]. Occupancy and Revenue Growth - The group's revenue increased by 8% from SGD 90.5 million in H1 2022 to SGD 97.9 million in H1 2023, driven by higher occupancy rates in Singapore and Malaysia's purpose-built worker dormitories and Australia's purpose-built student apartments[17]. - The financial occupancy rate for the purpose-built worker dormitory portfolio rose from 86% in H1 2022 to 96% in H1 2023, with Singapore's occupancy rate improving from 97% to 98%[18]. - Revenue from Singapore increased from SGD 61.0 million in H1 2022 to SGD 63.8 million in H1 2023, attributed to improved occupancy and rental recovery[18]. - In Malaysia, the financial occupancy rate for purpose-built worker dormitories improved from 70% in H1 2022 to 94% in H1 2023, with revenue rising by 42% from SGD 7.0 million to SGD 9.9 million[18]. - The financial occupancy rate for the purpose-built student apartment portfolio increased from 82% in H1 2022 to 89% in H1 2023, with revenue from Australia growing by 51% from SGD 4.5 million to SGD 6.9 million[19]. Debt and Equity - Total equity as of June 30, 2023, was SGD 755,159,000, up from SGD 708,488,000 at the end of 2022[9]. - Net debt as of June 30, 2023, was SGD 616,709,000, compared to SGD 594,829,000 at the end of 2022[9]. - The net asset to debt ratio remained stable at 43% for both periods[9]. - Total borrowings increased from SGD 663.1 million as of December 31, 2022, to SGD 688.3 million as of June 30, 2023, mainly for the acquisition of land in Ubi Avenue 3[31]. - The group maintained a net debt-to-equity ratio of 43% as of June 30, 2023, consistent with the ratio as of December 31, 2022[31]. Cash Flow and Investments - The group generated a positive cash flow from operating activities of 54.3 million SGD in the first half of 2023, with net cash used in investing activities amounting to 41.3 million SGD[36]. - The company reported a net cash outflow from investing activities of 41,275 thousand SGD, compared to 715 thousand SGD in the previous year, indicating increased investment activity[22]. - The company received dividends from associates and joint ventures amounting to 5,602 thousand SGD, up from 2,543 thousand SGD, reflecting a growth of 120.7%[22]. Strategic Developments - The group plans to develop a new purpose-built worker dormitory in Singapore, expected to add approximately 1,650 beds by 2025, in response to high demand in the Ubi Avenue 3 area[41]. - The group has secured a 10-year management contract for a purpose-built worker dormitory in Johor, Malaysia, with 2,196 beds, expected to commence operations in Q4 2023[45]. - The group is actively exploring opportunities to expand its investment portfolio in Malaysia, particularly in high-demand areas for purpose-built worker dormitories[45]. Shareholder Structure - As of June 30, 2023, the company has a total of 840,778,624 shares issued, with major shareholders holding significant stakes, including 55.94% by 罗敬惠 and 55.61% by 韩成元[60]. - The company has issued bonds with a total principal amount of SGD 53,000,000, with 罗敬惠 holding SGD 500,000 (0.94%), 趙炳光 holding SGD 1,000,000 (1.89%), and 江志明 holding SGD 1,500,000 (2.83%)[64]. - The company has disclosed no additional significant shareholdings or short positions beyond those mentioned as of June 30, 2023[69]. Employee and Operational Metrics - As of June 30, 2023, the group had 529 employees, a decrease from 561 employees as of June 30, 2022. Employee benefits expenses for the first half of 2023 totaled approximately SGD 14,916,000, down from SGD 17,810,000 in the same period of 2022[72]. - The group made capital expenditures of 5,410,000 SGD for property, plant, and equipment in the first half of 2023, compared to 4,886,000 SGD in the same period of 2022[148].

新加坡證券交易所有限公司、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，概不就因本公告全部或任何部份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。 CENTURION CORPORATION LIMITED 勝捷企業有限公司* （於新加坡共和國註冊成立的有限責任公司） （公司註冊編號：198401088W） （港交所股份代號：6090） （新交所股份代號：OU8） 截至2023年6月30日止六個月之 未經審核半年度 財務報表及股息公告 * 僅供識別 – 1 – 截至2023年6月30日止六個月之未經審核半年度財務報表及股息公告 勝捷企業有限公司（「勝捷」或「本公司」）董事（「董事」）會（「董事會」）謹此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（「2023年上半年」）的未經審核綜合業績連同截至2022年6月30 日止六個月（「2022年上半年」）的比較數字如下： 1. 簡明中期綜合收益表 本集團 2023年 2022年 | --- | --- | |--------|-------| | ...

Financial Performance - In the fiscal year 2022, the group's revenue increased by 26% to SGD 180.5 million, while net profit attributable to equity shareholders grew by 36% to SGD 71.4 million[24]. - Core operating profit attributable to equity shareholders rose by 23% to SGD 57.1 million, excluding fair value gains from investment properties and related deferred taxes[24]. - The overall gross profit margin improved by two percentage points to 68% in the fiscal year 2022[24]. - The company reported a gross profit of SGD 123.6 million for the fiscal year 2022, compared to SGD 94.3 million in 2021, indicating a significant increase[147]. - The net profit after tax increased by 37% to 76.3 million SGD in FY2022, compared to 55.8 million SGD in FY2021[166]. - Core profit for the fiscal year 2022 was SGD 57.1 million, up 23% from SGD 46.5 million in 2021[143]. - Earnings per share for core business increased to SGD 6.79 in 2022, compared to SGD 5.53 in 2021, reflecting a growth of 22.7%[155]. - The company’s compound annual growth rate (CAGR) for revenue from 2011 to 2022 was 27%[191]. Revenue Growth Drivers - Revenue growth of 40% to SGD 90.5 million in the first half of the year was driven by strong contributions from purpose-built worker dormitories and student accommodation in Singapore, Australia, and the UK[20]. - The company’s purpose-built worker dormitory business in Singapore and Malaysia saw a revenue increase of 23%, totaling SGD 134.7 million, with a stable segment profit margin of 58%[36]. - The purpose-built student accommodation business in Australia, the UK, the US, and Korea experienced a revenue growth of 38%, reaching SGD 44.2 million, with a segment profit margin increasing by 7 percentage points to 40%[36]. - The revenue contribution from Singapore was 68.7% in 2021, which slightly decreased to 66.7% in 2022[142]. - The company's revenue from the student accommodation segment accounted for 76.5% of total revenue in 2022, up from 74.6% in 2021[140]. Operational Capacity and Assets - The group held a total of 36 operational accommodation assets, providing approximately 66,291 bed spaces as of December 31, 2022[9]. - The total number of beds in the asset portfolio will increase to 68,487 with the upcoming operation of the new facility in Seattle's Light Town in Q3 2023[109]. - The group operates approximately 33,898 beds in Singapore and 26,313 beds in Malaysia as of December 31, 2022[112][118]. - The group has a total of 2,807 beds in the UK, with various student accommodation facilities located in cities such as Bristol, Liverpool, and Manchester[125]. - The company manages 17 high-quality purpose-built worker dormitory assets in Singapore and Malaysia[106]. - The company holds, develops, and manages 19 high-quality purpose-built student accommodation assets adjacent to top universities in Australia, Korea, the UK, and the USA[106]. Strategic Initiatives and Future Plans - The company plans to continue exploring opportunities for portfolio and revenue growth, including strategic reviews of its assets and capital recycling[30]. - The company is focused on managing efficiency and optimizing rental income to mitigate the impacts of inflation and rising interest rates[39]. - The company has diversified its asset portfolio strategically across six countries to achieve greater balance and stability[27]. - The company is developing a new dedicated worker dormitory project in Singapore, expected to add approximately 1,650 beds upon completion in 2025[199]. - The group aims to balance acquisitions of operational assets to support current income and future growth investment projects[174]. Financial Position and Liquidity - Cash and bank balances stood at 68.3 million SGD as of December 31, 2022, ensuring sufficient liquidity to meet short-term liabilities[169]. - The company has unutilized committed credit facilities amounting to 129.2 million SGD, providing additional financial flexibility[169]. - The group's borrowings decreased from SGD 727.7 million as of December 31, 2021, to SGD 663.1 million as of December 31, 2022, due to loan repayments and currency depreciation impacts[174]. - The average term of long-term bank debt as of December 31, 2022, was 6 years, with a net debt-to-equity ratio of 43%, down from 47% as of December 31, 2021[174]. - The interest coverage ratio remained strong at 3.9 times, indicating sufficient capacity to meet interest obligations[174]. Market and Brand Development - The group operates under the "Westlite" brand for worker dormitories and the "dwell" brand for student accommodation, with significant assets located in Singapore, Malaysia, the UK, Australia, Korea, and the US[9]. - The "dwell" brand is expanding its influence globally and is becoming a recognized brand in city center student communities[106]. - The company is expanding its market presence in the Asia-Pacific region, targeting an increase in market share by E% over the next two years[81]. Sustainability and Corporate Governance - Sustainability initiatives are being prioritized, with a commitment to reduce carbon emissions by H% over the next five years[71]. - The company has received recognition for its corporate governance practices, which are expected to strengthen investor confidence[71]. - The board believes in the resilience of the business fundamentals and strategic assets for long-term shareholder value enhancement[175].

Financial Performance - Revenue for the first half of 2022 reached SGD 90.528 million, a 40% increase compared to SGD 64.727 million in the first half of 2021[9] - Net profit after tax for the first half of 2022 was SGD 35.073 million, representing a significant increase of 286% from SGD 9.098 million in the same period of 2021[9] - Core operating profit for the first half of 2022 was SGD 32.392 million, up 35% from SGD 23.957 million in the first half of 2021[12] - The gross profit increased by 40% to SGD 60.9 million, consistent with revenue growth[18] - The total profit for the six months ended June 30, 2022, was SGD 35,073,000, a significant increase of 285.5% compared to SGD 9,098,000 in 2021[88] - Basic earnings per share for the first half of 2022 were SGD 3.91, compared to SGD 1.04 in the same period of 2021[88] - The company reported a net fair value gain of SGD 9,541,000 on investment properties, compared to a loss of SGD 14,492,000 in the previous year[88] - The company reported a net profit attributable to equity holders for the six months ended June 30, 2022, was 32,898,000 SGD, a significant increase from 8,735,000 SGD in 2021, representing a growth of 276%[131] Equity and Debt Management - Total equity as of June 30, 2022, was SGD 688.594 million, compared to SGD 677.319 million as of December 31, 2021[10] - The net debt-to-equity ratio improved to 46% as of June 30, 2022, down from 47% at the end of 2021[10] - Total borrowings decreased from SGD 727.7 million as of December 31, 2021, to SGD 690.6 million as of June 30, 2022[32] - The total liabilities decreased to 863,598 thousand SGD as of June 30, 2022, down from 905,395 thousand SGD at the end of 2021, showing a reduction of approximately 4.6%[96] - The company’s borrowings totaled 690,599 thousand SGD as of June 30, 2022, compared to 727,690 thousand SGD at the end of 2021, showing a reduction in debt levels[196] Cash Flow and Investments - The group generated a positive cash flow of SGD 44.9 million from operating activities in the first half of 2022[36] - Cash and bank balances decreased by SGD 6.9 million to SGD 60.6 million due to loan repayments and dividend payments[27] - The net cash used in investing activities was SGD 0.7 million, primarily due to the acquisition of investment properties[37] - The company reported a net decrease in cash and cash equivalents of SGD 7,394 thousand, compared to a decrease of SGD 4,563 thousand in the prior year[123] - The company incurred capital expenditures of SGD 1,607,000 in the fiscal year 2022, down from SGD 21,134,000 in the fiscal year 2021[143] Dividend and Shareholder Returns - The company declared an interim dividend of 0.50 cents per share for the first half of 2022, compared to no dividend in the first half of 2021[9] - The company declared an interim dividend of SGD 0.005 per share for the first half of 2022, totaling SGD 4,204,000, compared to zero in the first half of 2021[77] - The company paid dividends related to 2021 amounting to 4,213 thousand SGD during the period, impacting the overall equity[99] Operational Performance - Financial occupancy rate for Singapore's purpose-built dormitories improved from 82% in the first half of 2021 to 96% in the first half of 2022[17] - The average occupancy rate of the group's nine purpose-built worker dormitories in Singapore increased to 97% in the first half of 2022, up from 82% in the same period of 2021[42] - The average occupancy rate of the purpose-built worker dormitory portfolio in Malaysia was 70% in the first half of 2022, down from 80% in the same period of 2021[45] - The average financial occupancy rate of the group's purpose-built student accommodation in the UK rose to 90% in the first half of 2022, compared to 66% in the same period of 2021[48] - In Australia, the average occupancy rate of the group's assets increased to 58% in the first half of 2022, up from 27% in the same period of 2021[49] Strategic Initiatives - The company plans to continue focusing on core business operations to enhance profitability and shareholder value[12] - Future strategies include potential market expansion and investment in new technologies to drive growth[12] - The company is strategically reviewing its portfolio of professional apartments to rationalize its asset mix, enhance capital circulation, and increase shareholder value[52] - The company aims to seek strategic global expansion opportunities through investments in synergistic assets and businesses to deliver sustained long-term value to shareholders[52] Corporate Governance - The company has complied with the applicable provisions of the 2018 Singapore Code of Corporate Governance and the Hong Kong Corporate Governance Code during the first half of 2022[74] - The company’s audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process[73] - The company has adopted best practices for securities trading by its directors and senior officers, confirming compliance during the first half of 2022[75] Employment and Workforce - As of June 30, 2022, the company had 561 employees, an increase from 532 employees in the same period of 2021, with total employee benefits expenditure amounting to approximately SGD 17,810,000, up from SGD 12,144,000 in the first half of 2021[67] - The total remuneration for key management personnel was 3,221,000 SGD for the first half of 2022, an increase from 2,172,000 SGD in the same period of 2021[189]

Business Operations and Growth - The company operates a total of 36 assets across 17 cities in 6 countries, providing approximately 79,713 bed spaces[16] - The company expanded its portfolio from a single worker dormitory asset with 5,300 beds in Singapore to 36 managed dormitory assets, totaling over 79,700 beds across 17 cities in 6 countries[36] - The company completed the renovation of one of the two dormitories in Johor Bahru, Malaysia, adding approximately 420 bed spaces[27] - The company opened its third rapid-build dormitory in Singapore, which includes approximately 3,420 bed spaces[27] - The company has launched four rapid-build dormitories in Singapore, totaling approximately 628 bed spaces[27] - The company completed the construction of 2,000 new bed spaces in Johor Bahru, Malaysia, to comply with local labor department requirements[27] - The company completed asset enhancement works in the UK, renovating several rooms in the Manchester student villages to improve occupancy rates and revenue for the upcoming academic year[27] - The company added over 15,000 beds to its revenue-generating capacity since Q4 2020[55] - The company has strategically expanded its asset portfolio across six key markets: Singapore, Malaysia, Australia, the UK, the US, and South Korea, focusing on purpose-built worker dormitories and student accommodation[114] Financial Performance - Annual revenue from the dormitory business increased over 10 times, from SGD 13.0 million in 2011 to SGD 141.5 million in 2021[36] - The company reported a strong performance in FY2021, concluding a decade of stable growth despite unprecedented challenges[36] - Revenue for the fiscal year 2021 was SGD 143.0 million, an increase of 11% from SGD 128.4 million in 2020[161] - Gross profit for the fiscal year 2021 was SGD 94.3 million, up 5% from SGD 89.6 million in 2020[161] - Core profit (non-IFRS) for the fiscal year 2021 reached SGD 46.5 million, a 13% increase from SGD 41.3 million in 2020[161] - Net profit attributable to equity holders surged by 207% from 17.2 million SGD in 2020 to 52.7 million SGD in 2021[178] - The contribution from the worker dormitory business increased by five percentage points in total revenue for the fiscal year 2021[179] Occupancy and Market Conditions - The financial occupancy rate for the Singapore worker dormitory was 85%, a decrease of 9 percentage points from the previous fiscal year, while Australia’s occupancy rate was 26%, down 28 percentage points[50] - The occupancy rates in the UK and Korea's student apartments significantly recovered, increasing by 16 percentage points to 82% and 23 percentage points to 78%, respectively[50] - The financial occupancy rate for Singapore's purpose-built dormitories decreased by 9 percentage points to 85% due to COVID-19 travel restrictions[180] - The company is optimistic about further improvements in occupancy rates as global travel and social restrictions are gradually lifted[52] Strategic Initiatives and Innovations - The company has a clear growth strategy focused on strategic acquisitions through joint ventures and investment funds, enhancing its portfolio of specialized accommodation[17] - The company emphasizes innovation and efficiency in its operations to maintain a competitive edge in the market[14] - The company established a digital response strategy to ensure the safety and well-being of residents during travel and social restrictions[39] - The company is committed to enhancing its operational systems and space management in response to the new post-pandemic landscape[39] - The company launched the "De You Dormitory Brand" to strengthen its student accommodation offerings[32] - The company is investing in new technology development, allocating E million towards R&D initiatives aimed at innovation and efficiency[71] - A new sustainability strategy has been implemented, aiming to reduce operational costs by I% while enhancing corporate responsibility[71] Management and Governance - The company appointed Mr. Luo Jinghui as Executive Director and Co-Chairman on March 1, 2021, transitioning from a non-executive role[87] - Mr. Jiang Zhiming has been the CEO since August 2011, overseeing overall management and execution of business strategies[88] - The company has a diverse management team with extensive experience in various sectors, enhancing its operational capabilities[100] - The company has a commitment to sustainable development and corporate governance, as outlined in its annual report[92] - The company continues to focus on strategic growth and expansion in the dormitory and related sectors[90] Future Outlook and Guidance - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected EBITDA margin of C%[71] - Market expansion plans include entering F new regions, which are expected to increase market share by G% over the next two years[67] - The company is considering strategic acquisitions to bolster its portfolio, with potential targets identified in the H sector[71] - The management team emphasized the importance of adapting to market trends and consumer demands to ensure long-term growth and stability[65]