Chairman’s Letter
to Shareholders

We share a common vision and uphold
the We Do It Right business philosophy to
strive for excellence and achieve new
heights for the Company.

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Financial
Highlights

Overall Property
Leasing Revenue
HK$ 8,784 Million +5%

Underlying Net Profit HK$ 2,631 Million -21%

Net Assets per Share HK$ 110.7 +1%

Dividends per Share HK$ 0.80 same

Review of
Operations

We put customer-centric and marketing strategy at the very heart of
our operations to develop and foster a sustainable relationship with customers.

Business Overview

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Mainland China
Property Leasing

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Hong Kong
Property Leasing

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Outlook

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Mainland China
Properties Development

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Financial
Review

We adopt prudent and comprehensive
financial management strategies to
maintain a strong financial position with a
high degree of moving forward to meet the
Company’s capital commitments and
long-term business plans.

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Sustainable
Development

We are dedicated to integrating sustainability strategy in our business and applying our business philosophy to the way we plan, build and manage our world-class properties, engage with the community and stakeholders and invest in people development.

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