Dividends and Financial Distribution - Final dividend recommended at HK3.00 cents per share, with a total distribution of HK4.75 cents per share, representing a 35.71% increase compared to last year[10] Real Estate Projects and Occupancy Rates - Occupancy rate of Phase 2 maintained at 60%[13] - The development in Kuala Lumpur comprises 4 blocks of residential condominium with a total approved gross floor area of 1,708,648 square feet, with the main podium completed up to Level 5[37] - The project in Hangzhou has a total approved gross floor area of 122,483 square meters, with 849 residential units and 22 deluxe villas by the riverside[48] - The serviced apartments in Kuala Lumpur currently have an occupancy rate of 50%, with upgrades in progress to improve occupancy[37] - The project in Shenzhen, part of the Greater Bay Area, shows a stable demand for real estate[23] - The company's property in Hangzhou has sold 9 units so far, with increased population mobility and career opportunities in the area[46][47] Investment and Securities - Total investment in the bond market as of 30 June 2023 was HK88,583,000 redeemed and HK$18,126,000 purchased during the year[38] - The market value of Hong Kong securities investments as of June 30, 2023, was HKD 48,216,000, with total securities purchased during the year amounting to HKD 1,007,000 and no securities sold[73] Government Policies and Economic Outlook - The Macau government is promoting investment in non-gaming elements, including cultural tourism, convention and exhibition, and traditional Chinese medicine[35][54] - The company has applied for a land lease renewal in Macau, with the land management office still preparing a proposal for the Chief Executive to consider changing the land use and renewing the lease for 10 years[53] - The company is optimistic about Hong Kong's economic prospects despite global uncertainties, with the government focusing on strengthening commercial, trade, and investment ties with developing Asian economies under China's support[75] - Hong Kong faces internal challenges such as full employment and a talent shortage, prompting the government to introduce new policies to simplify the recruitment of foreign talent or workers, though the effectiveness of these policies remains to be seen[77] Board of Directors and Key Personnel - The company's executive directors include Dr. Cecil Chao (Chairman), Ms. Gigi Chao (Vice Chairman), and Ms. Connie Ho, with non-executive directors Mr. Howard Chao and Mr. Lee Ting Yiu, and independent non-executive directors Mr. Ting Woo Shou Kenneth, Mr. Lam Ka Wai, and Mr. Sun Tai Ho[84] - Dr. Cecil Chao, aged 87, is the founder and Executive Chairman of the Group since 1988, with extensive experience in property, construction, shipping, and architecture, and holds multiple honorary titles and awards[87][88] - Mr. Lam Ka Wai, aged 55, is an independent non-executive director with over 25 years of experience in investment banking and 3 years in accounting and auditing, currently serving as the Managing Director of an investment bank[89][90] - Ms. Connie Ho, aged 56, has been a director since 1996, with over 30 years of experience in the company secretarial field and is an associate member of The Hong Kong Chartered Governance Institute and The Institute of Chartered Secretaries and Administrators of the U.K.[96] - Mr. Howard Chao, aged 40, holds a Master of Science Degree in Real Estate from the University of Greenwich and a Bachelor of Arts Degree in Business Administration from California State University, Fullerton, with a focus on real estate sustainability[97] - Ms. Gigi Chao, aged 44, is the eldest daughter of Dr. Cecil Chao and has a background in architecture and law, with recent focus on coding and information technology, including a Professional Certificate in Coding from MIT xPro[99][100] - The company's Executive Directors include Dr. Chao Sze Tsung Cecil (Chairman), Ms. Chao Gigi (Vice Chairman), and Ms. Ho Sau Fun Connie[105] - Non-Executive Directors include Mr. Chao Howard and Mr. Lee Ding Yue Joseph[105] - Independent Non-Executive Directors include Mr. Ting Woo Shou Kenneth, Mr. Lam Ka Wai Graham, and Mr. Sun Dai Hoe Harold[105] - Mr. Sun Dai Hoe Harold, aged 60, is an Executive Director of Sun International Group and an Independent Non-Executive Director of Oriental Watch Holdings Limited since March 23, 2022[102][124] - Mr. Sun has over 30 years of experience in marketing and distribution of consumer products in Hong Kong and Southeast Asia[125] - Mr. Chao Howard has over 16 years of experience in real estate development, construction, corporate finance, and asset management, covering Hong Kong, Mainland China, Malaysia, and Macau[119][145] - Ms. Ho Sau Fun Connie, aged 56, has over 30 years of experience in company secretarial work and is a member of the Hong Kong Institute of Chartered Secretaries and the Chartered Institute of Secretaries and Administrators[117] - Mr. Ting Woo Shou Kenneth, aged 81, is the Chairman and Managing Director of Kader Holdings Company Limited and has served as an Independent Non-Executive Director of Wheelock and Company Limited from 2003 to July 27, 2020[114] - Mr. Lee Ding Yue Joseph, aged 61, is the Managing Director of Chee Yen Investment Company (PTC) Limited and has extensive experience in manufacturing, property development, and investment[113] - Mr. Chiu Sung Chiu Henry, aged 51, joined the group as Financial Director in February 2023 and has over 20 years of experience in the accounting industry[127] - Mr. Chiu, aged 51, joined the Group as Financial Controller in February 2023, bringing over 20 years of experience in the Accounting industry[153] - Mr. Chiu holds a Master Degree in Business Administration and is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants[153] Company Information and Governance - The company's registered office is located at Suite 4901, 49th Floor, Central Plaza, 18 Harbour Road, Hong Kong[194][195][196] - The company's auditors are Grant Thornton Hong Kong Limited, Certified Public Accountants[179][198] - The company's bankers are based in Hong Kong[181][200] - The company is listed on the Hong Kong Stock Exchange[183] - The Audit Committee is chaired by Mr. LAM Ka Wai Graham, with Mr. SUN Dai Hoe Harold as a member[185] - The Remuneration Committee is chaired by Mr. CHAO Sze Tsung Cecil, with Mr. TING Woo Shou Kenneth and Mr. SUN Dai Hoe Harold as members[186][187][188][189] - The company's Company Secretary is Ms. HO Sau Fun Connie[175][191] - The company's annual report for 2023 was published by CHEUK NANG (HOLDINGS) LIMITED[155][192]
卓能(集团)(00131) - 2023 - 年度财报