Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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Disclaimer Some information contained in this presentation has been obtained from public sources that are believed to be reliable but has not been independently verified. There is no guarantee, representation or warranty provided for the accuracy or completeness for the information contained in this presentation. All copyrights of the contents herein are reserved. No part of materials in this presentation may be reproduced without the prior permission of K.Wah International Holdings Limited. No liability for any loss or damage will be accepted howsoever arising from the use of the information contained in this presentation or in reliance upon the contents of this presentation or for any inaccuracies, omissions, mis-statements or errors of the information contained in this presentation. Some information, drawings (including design concept drawings) and/or photos in this presentation are in relation to developments or development projects of residential properties of K. Wah International Holdings Limited (“KWIH”) in Hong Kong. For some of such developments or projects, permission for promotional activities and/or pre-sale consent is/are not yet applied for and/or issued and the time of issue of such permissions and pre-sale consents are not certain. All time schedule of sales launch set out herein are of the tentative sale schemes and are for reference only. KWIH and the respective vendors do not represent or warrant the time of issue of such permissions and/or consents. Such information, drawings and/or photos are provided herein for the sole purpose of corporate presentation of the financial results of KWIH and is not and does not form part of any advertisement purporting to promote the sale of any residential property, and do not constitute and shall not be construed as constituting any offer, representation, warranty, covenant or contractual term whether expressed or implied (whether related to the development, the residential properties in the development, views, surrounding environment and the facilities of the clubhouse or not). Please refer to the sales brochures for details of the respective developments. No publishing, reproducing or transfer of this presentation, such information, drawings and/or photos herein to any third party is allowed without the prior written consent of KWIH and the respective vendors. KWIH and the respective vendors do not represent or warrant the completeness, correctness or accuracy of such information, drawings and photos and do not represent or warrant that they are updated. KWIH and the respective vendors shall not be liable for any omission, misstatement or misrepresentation or any loss or damage sustained by any person arising from the use or reliance of such information, drawings and/or photos for his/her decision on purchase of any property or otherwise. All photos, images, drawings or sketches in this presentation represent artists’ impressions of the respective developments or the part of the respective developments concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. In respect of any design concept drawings of the respective residential developments in this presentation, they are products of computer renderings. Pipes, conduits, air-conditioners, grilles etc. which might exist on the external walls, flat roofs or roofs, etc. of the respective developments, and the surrounding environment and buildings of the respective developments have been omitted. The respective renderings do not simulate or reflect the actual appearance and the surrounding environment of the respective developments. The respective design concept drawings do not simulate or reflect the view from any part of the respective developments and the present or future condition of the surrounding environment and buildings of the respective developments. The layout, partition, specifications, dimensions, colour, materials, fittings, finishes, appliances, equipment, furniture, household accessories, display, decorations, signs, clubhouse facilities, sculptures, models, artwork, plant, trees, landscape design, lighting features and lightings, etc. shown in the respective design concept drawings might be different from those, if any, to be actually provided in the respective developments and that they might not appear in the part of the developments concerned. The respective vendors reserve the right to alter, increase and reduce the above items and clubhouse and recreational facilities, which are subject to the agreements for sale and purchase. The respective vendors reserve the right to alter the building plans and other plans from time to time, which are subject to the final approvals of the relevant Government authorities. The provision of clubhouses and recreational facilities are subject to the terms and conditions of the agreements of sale and purchase and the final approvals of the relevant Government authorities. The opening time and use of different clubhouses and recreational facilities are subject to the relevant laws, land grant conditions, terms of the deeds of mutual covenant and the actual conditions of the facilities. The use and operations of some parts of the facilities and /or services may be subject to the consents or permits to be issued by the relevant Government authorities. The respective vendors reserve the right to amend the use of the facilities and/or services which are shown or not shown or specified in the design concept drawings. The names of the clubhouse and recreational facilities (if shown) are for promotional purpose only. The names of the facilities shown in this presentation are pending determination and may subject to change, and such names (including clubhouse) may not be identical to the names of such facilities when they are open and will not appear in any of the title documents. Such facilities (including clubhouse and ancillary recreational facilities, etc.) may not be in operation when the respective developments can be occupied. The respective vendors reserve the rights to alter the clubhouse facilities and the partition, design, layout and use thereof. Fees may be separately charged on the use of the clubhouse(s) and different recreational facilities. The existing, future or tentative buildings and facilities as shown in this presentation (if any) are subject to changes from time to time, and may not be completed or ready for operation when the relevant developments can be occupied, and their physical state after completion may be different from those as stated or shown in this presentation, and are for reference only 2
About K. Wah Group Entertainment & Construction Properties Hospitality Leisure Materials Galaxy Entertainment Stanford Hotels K. Wah Construction Group Limited International Materials Limited Market cap: ~HK$10.7bn(1) (Stock code: 00173) Market cap: ~HK$217 bn(1) (Non-listed) (A subsidiary of Galaxy (With 3.73% stake in (Stock code: 00027) Entertainment Group Galaxy Entertainment Group Limited) Limited) K. Wah Real Estates Company Limited (Non-listed) (1) As of 31 August 2021 4
About KWIH Our Mission It is our mission to focus on customer needs and pursue the spirit of excellence with quality products and services through our commitment to research, design and value creation. With vision, perseverance and teamwork, we strive to provide shareholders with superior return on their investment. Corporate profile K. Wah International Holdings Limited (“KWIH” or “the Group”, stock code: 00173) is the listed property arm of K. Wah Group. With a strong foothold established in Hong Kong, KWIH has grown and prospered into a leading integrated developer and investor of exquisite and niche projects, with a strategic focus on Hong Kong, the Yangtze River Delta and Pearl River Delta regions. Committed to delivering premium projects built to an uncompromising standard of quality, our portfolio of large-scale residential communities and comprehensive development undertakings such as premium residential developments, Grade-A office towers, hotel and serviced apartments, and retail premises are truly one-of-a-kind. Each of our properties boasts a perfect interplay of superb design, delicate craftsmanship, top-notch facilities and innovative features, thanks to a team of seasoned professionals. That is also why we are honoured with a host of international accolades, besides earning a reputed name for impeccable living. Cresleigh Property, the property management arm of the Group, delivers exceptional hotel serviced property management services guided by advanced and international standards in general to premium residential buildings, commercial facilities, office towers and real estate complexes. Sharing the common vision of excellence and sustainability, we go beyond both in the projects we develop and the communities we help grow and cultivate. We have always been a trend-setter pioneering unique and sophisticated lifestyle, embracing customers’ needs and creating added value in the projects we undertake as a premier brand. Taking pride in our track record and strong financial capability, guided by the spirit of prudence and excellence, we will continue to adopt a progressive strategy with a disciplined approach in land acquisition, striving for setting ever higher standards of quality living spaces and delivering long term shareholder value. 5
Shareholding Structure Public & The Lui family Institutional Investors ~65% ~35% KWIH Number of Shares Issued: 3,126,974,615 (as of 31 August 2021) 6
Board of Directors CHAIRMAN AND MANAGING DIRECTOR Dr Lui Che-woo, GBM, MBE, JP, LLD, DSSc, DBA EXECUTIVE DIRECTORS Mr Francis Lui Yiu Tung Mrs Paddy Tang Lui Wai Yu, BBS, JP Mr Alexander Lui Yiu Wah NON-EXECUTIVE DIRECTOR Dr Moses Cheng Mo Chi, GBM, GBS, OBE, JP INDEPENDENT NON-EXECUTIVE DIRECTORS Dr William Yip Shue Lam, LLD Mr Wong Kwai Lam Mr Nip Yun Wing 7
Key Investment Highlights We are one of the leading property developers in Hong Kong, the Yangtze River Delta and Pearl River Delta regions in the PRC through strategic geographic focus, superior product quality and selective land bank expansion • A member of K. Wah Group with over 60 years of history, KWIH is the leading niche property developer • Listed on the Hong Kong Stock Exchange (Stock code: 00173) since 1987(1) with a market cap of approximately HK$10.7 billion(2) • A constituent stock in the Hang Seng Composite SmallCap Index and MSCI Hong Kong Small Cap Index as well as an eligible stock under the Shenzhen-Hong Kong Stock Connect programme • Property portfolio encompassing premium residential developments, Grade-A office towers, hotel, serviced apartments and commercial facilities • Received numerous international accolades for outstanding products and premium service (1) Formerly K. Wah Stones (Holdings) Limited listed in 1987 (2) As of 31 August 2021 8
Strong Market Recognition for KWIH’s Brand Excellence and Superior Project Quality Key Awards – Endorsement of KWIH’s Brand and Product Excellence K. Wah International Holdings Limited Stanford Residences Serviced Apartment • 01 Gold Medal Awards 2020 — Outstanding Project Design • China Hotel Starlight Awards: Best Serviced Apartment Brand of China • BCI Asia Hong Kong’s Top 10 Developers 2020 • Timeout: Serviced Apartment of the Year • The Listed Enterprise Excellence Awards 2020 — Corporate Governance • Golden-Pillow Award of China Hotels: China’s Best Upsale Long Term Rental Apartment • Certificate of Excellence 2020 — Investor Relations Brand • Employer of Choice Award 2020 • World Travel Awards 2020: China’s Leading Serviced Apartment Brand 2020 • Good MPF Employer Award 2019 – 2020 • 2020 Luxury Living Award:Outstanding Lifestyle Serviced Apartment • Work-life Balance Award Palace Lane, Shanghai • Quam IR Awards 2019 • 2021 Urban Lifestyle Awards: Exquisite Lifestyle and Art District of the Year • 2019 annual report: Silver Award — “Real Estate Development — Cover Design” • 2020 Brand Ceremony: Exquisite Lifestyle and Art District of the Year • 2019 annual report: Platinum Award — “Report: Annual Report” category Windermere, Shanghai • 2019 annual report: “Top 100 Global Communications Materials” • Best Residenial Property of the Year • 2019 annual report: Bronze Award — “Cover Photo/Design: Property Development: • RICS Awards China 2020: Residential Project of the Year — Finalist Various & Multi-Use” Bayview, Dongguan • 2019 annual report: Bronze Award — “Cover Photo/Design: Real Estate Development/SVC: Various & Multi-Use” • Guangzhou Property Brands Awards 2020: Dongguan’s Best Riverside Property • Guangzhou Property Brands Awards 2020: Dongguan’s Best Selling Property K. Summit, Hong Kong • Pearl River Delta Property List 2020: Five Stars Viewing Property for the Year 2020 • Best Development Marketing Hong Kong • Dongguan Popular Property 2020 • Devoted Developer with Thoughtful Layout Design Award of Excellence • JD Real Estate 2020: Best Quality Property of the Year Solaria, Hong Kong • 2020 China Real Estate Billboard Dongguan Station: 2020 Popular Residential Project • 2020 Five Stars Residency • 2020 Property Management Company of the Five Stars Residency Dongguan Jia Yu Real Estate Development Co., Ltd. • Pearl River Delta Property List 2020: Developer of the Year • Dongguan Most Innovative Developer of the Year 9
Sustainable Development Caring for Employees Reaching out to the Community Promoting Art and Culture Programmes that support children Initiatives that stimulate public Initiatives that improve staff team and the elderly, and engagement in the fields of work and their quality of life empower the disadvantaged creativity and cultural education Protecting the Environment Nurturing the Youth Initiatives that lower carbon footprint Programmes that assist and enrich and mitigate the youth development environmental impacts 10
Solaria, Hong Kong The Palace, Shanghai Results highlights 11
Financial Highlights For the year ended 30 Jun (HK$ million) Change 2021 2020 Revenue 2,511 8,407 -70% Attributable Revenue* 3,224 8,466 -62% Profit Attributable to Equity Holders 776 2,556 -70% Underlying Profit 488 2,736 -82% Basic EPS (HK cents) 24.83 81.77 -70% Interim Dividend / share (HK cents) 7 7 - * Attributable Revenue comprises the revenue of the Group and contributions from jointly controlled entities as well as associated companies 12
Financial Highlights - Solid Financial Position As at 30 Jun As at 31 Dec (HK$ million) 2021 2020 Total Assets 85,509 81,754 Cash and Cash Equivalents(1) 5,966 7,673 Total Debts 21,305 25,042 Shareholders’ Funds 44,984 43,577 NAV per Share (HK$) 14.4 13.9 Gearing Ratio(2) 33% 39% EBITDA / Interest(3) 7x 22x Remarks: 1) Includes bank balances as well as short-term and structured bank deposits 2) Gearing ratio = net debt / total equity 3) Interest being net interest before capitalization for the period under review 13
Financial Highlights - Discipline in Financial Management • Total debts as at 30 Jun 2021: HK$21.3 billion (Net debts: HK$15.3 billion) 1 year RMB Fixed rate# 34% 14% 16% Maturity* Currency Fixed#/Floating *: except HK$218 million 2-5 years Floating rate repayable after 5 years HK$ #: including HK$2.9 billion loans hedged by IRS 66% 86% 84% • The average interest rate lowered to 1.6% in 1H 2021 (2.1% in 2020) • Secured a RMB500 million green loan to finance its new office tower, EDGE, in May 2021 • Guaranteed notes totalled HK$450 million were redeemed in March 2021 and the rest of HK$550 million will be settled by Q3 2021 14
Revenue for the Period – Quality Projects Engender Strong Performance • Attributable revenue* from sales of properties amounted to HK$2.9 billion in 1H 2021, mainly from the below projects and two JV projects in Jiaxing and Kunshan: Solaria The Palace III 嘉熙 嘉御庭三期 Hong Kong Shanghai Windermere J City 嘉濤灣 嘉華新都滙 Jiangmen Shanghai * Attributable revenue comprises the revenue of the Group and contributions from joint ventures as well as associated companies 15
Contracted Sales for the Period – Visible Contracted Sales Provide Sustainability • With the pandemic became more under control following vaccination program rolled out, HK$9.6 billion attributable contracted sales* were achieved in 1H 2021 HK$1 billion sales HK$8.6 billion sales to PRD 15% booked in 1H 2021 be booked by 2022 Hong Kong 59% HK$9.6 billion HK$9.6 billion YRD 26% Breakdown by Breakdown by booking location • As at 30 June 2021, attributable contracted sales* yet to be booked amounted to HK$17.4 billion, paving the solid foundation for the future profitability * Attributable contracted sales comprises the contracted sales of the Group and from joint ventures as well as associated companies 16
Diversified Investment Portfolio Provides Recurring Income and Stable Cashflow • Rental income, including hotel receipts, up 22% to HK$361 million in 1H 2021 • Diversified portfolio: office, commercial, serviced apartments and hotel with total attributable GFA ~270,000 sqm • Satisfactory occupancy with the rental income exceeding pre-pandemic level and continues to expand apartments Serviced Office Hotel Stanford Residences Jing An, Shanghai K. Wah Centre Shanghai Crowne Plaza Guangzhou Huadu 上海嘉華中心 上海尚臻靜安服務式公寓 廣州花都皇冠假日酒店 Commercial Palace Lane, Cove Gala, J SENSES, Hong Kong Shanghai Dongguan 香港 J SENSES 上海嘉御里 東莞星際匯 17
Expanding Diversified Investment Portfolio • The office building, EDGE, at Suzhou Creek, Jingan District, Shanghai, started contributing since 2H 2020 with a total GFA of ~21,000 sqm Awarded LEED Gold certification with green and innovative features, and honoured an international property award in office architecture category Fully let with a Chinese leading contemporary art institution and a world renowned biopharmaceutical company being anchor tenants EDGE 盈凱文創廣場 18
K. Summit, Hong Kong Cosmo, Guangzhou Strategy and Outlook 19
Premium Assets in Prime Cities • Continue to focus on Hong Kong and prime cities in the Pearl River Delta and Yangtze River Delta regions Nanjing & Suzhou Hong Kong Shanghai Guangzhou Nanjing Suzhou Shanghai Dongguan Jiangmen Guangzhou Dongguan Jiangmen Hong Kong New project obtained in 1H 2021 20
New development project in Shanghai • Participated in a joint venture (49%) development project in Shanghai in April Located on Siping Road (四平路) in Hongkou District, adjacent to the Youdian Xincun Station (郵電新村站) of Metro Line No. 10 GFA ~47,000 sqm for residential, commercial and office/apartment use 1st batch of residential units is expected to be released to the market between late 2021 and early 2022 Shanghai Siping Road project, Hongkou District 21
Sustainable land resources Development projects Hong Kong • Attributable GFA: ~2 million sqft, covering, inter alia, 1 Solaria 嘉熙 3 projects in Kai Tak Area – Becoming a comprehensive community K.Summit 嘉峯匯 3 projects with rails connected – Convenient access to city centre 2 and other cities in the GBA 3 2 Grampian Road 嘉林邊道2號 5 1 4 30 Po Shan Road 寶珊道30號 Kam Sheung Road Station 5 錦上路站 Grand Victoria 6 維港滙 3 7 LOHAS Park Package 11 2,9,10 日出康城第十一期 6 LOHAS Park Package 13 8 7,8 日出康城第十三期 4 Kai Tak Area 4A Site 1 9 啟德發展區第4A區1號 Kai Tak Area 4A Site 2 10 啟德發展區第4A區2號 22 * No warranty on accuracy and distance. Location shown on an approximate basis only.
Sustainable land resources Yangtze River Delta region • Attributable GFA: ~700,000 sqm, covering, inter alia, 南京市 The comprehensive development project in Nanjing with Nanjing City 477,000 sqm GFA with construction underway, and 1st batch of residential units be launched in 2H 2022 上海市 Shanghai City 5 4 3 1 7 6 2 Development projects - Shanghai Nanjing and Suzhou The Palace, Xuhui District Site G89, Jiangning District, Nanjing 1 6 徐匯區嘉御庭 南京江寧區G89地塊 Windermere, Qingpu District Site 2020G72, Hexi New Town, Jianye District 8,9,10 2 7 青浦區嘉濤灣 南京建鄴區河西新城2020G72地塊 Weifang Village Street project, Pudong New Lot 42, National Hi-Tech District, Suzhou 3 8 District浦東新區濰坊新村街道項目 蘇州高新區42地塊 Wuyi Road project, Changning District Royal Mansion, National Hi-Tech District, 4 9 長寧區武夷路項目 Suzhou 蘇州高新區運河與岸 Siping Road project, Hongkou District VETTA, Xiangcheng District, Suzhou 5 10 23 虹口區四平路項目 蘇州相城區嘉致峰
Sustainable land resources Pearl River Delta region • Attributable GFA: ~860,000 sqm, covering, inter alia, J City in Jiangmen, a project due to be completed soon, and Cosmo in Guangzhou under development, both launched Development projects Integrated Project, Huadu District, 1 Guangzhou 3 廣州花都大型綜合項目 4 Huadu Jiahua Plaza, Guangzhou 2 廣州花都嘉華廣場 Silver Cove, Shilong Town, 3 Dongguan 東莞石龍鎮星際灣 Bayview, Chashan Town, 4 Dongguan 東莞茶山鎮嘉譽灣 J City, Jianghai District, Jiangmen 5 江門江海區嘉華新都滙 Jiajun Garden, Xinhui District, 6 Jiangmen 江門新會區嘉駿花園 6, 7 5 Ziwei Gongguan, Xinhui District, 7 Jiangmen 江門新會區紫薇公館 24
Sales momentum in Hong Kong 1H 2021 K. Summit >300 units sold in 1H, generating contracted sales of HK$3.7 billion, average selling price ranged HK$22,000/sqft – HK$31,000/sqft Accumulated contracted sales >HK$10 billion up to date Occupation permit granted in May. Handover of the sold units expected in 2H 2021, subject to certificate of compliance granted Grand Victoria Launched phases 1 and 3 in March and April respectively, sold 340 units and generated HK$1 billion attributable contracted sales in 1H, average selling price ranged HK$22,000/sqft – HK$53,000/sqft Phase 2 launched, 1st batch of units for tender in August, with a duplex unit fetching a selling price at ~HK$62,200/sqft 25
Sales momentum in Mainland China 1H 2021 Azure in Shanghai Completed project in Pudong New District, Shanghai within the Yangtze River Delta All units taken up on the date of launch in May, with average selling price range RMB70,400/sqm – RMB97,100/sqm Total sales proceeds ~ RMB2.4 billion Handover of the sold units expected by 2021 end 26
Sales momentum in Mainland China 1H 2021 – cont’d Bayview in Songshan Lake District, Dongguan 380 units in four blocks launched between last November and January, 98% sold out Two additional blocks with 180 units put to the market between mid-May and June 90% of the launched units had been taken up, with average selling price ranged RMB24,600/sqm – RMB27,800/sqm Accumulated sales proceeds >RMB1.4 billion Presale consent for the remaining 7 blocks obtained in August and two blocks will be launched for sale in due course Handover of the sold units expected in 1H 2022 27
Sales momentum continues in Hong Kong Project Attri. GFA (sqft) (approx) 2 Grampian Road, Kowloon 21,000 Grand Victoria Phase 2 (launched in August) 95,000 Kam Sheung Road Station, Yuen Long 411,000 LOHAS Park Package 11, Tseung Kwan O 287,000 Kai Tak Area 4A Site 1 430,000 Kam Sheung Road Station, Yuen Long 28
Sales momentum continues in Hong Kong – cont’d Project Attri. GFA (sqft) (approx) Kai Tak Area 4A Site 2 120,000 LOHAS Park Package 13, Tseung Kwan O 387,000 • LOHAS Park Package 11, Tseung Kwan O • LOHAS Park Package 13, Tseung Kwan O • Kai Tak Area 4A Site 1 • Kai Tak Area 4A Site 2 29
Sales momentum continues in Mainland China Location Project Attri. GFA (sqm) (approx) Suzhou VETTA (嘉致峰), Xiangcheng District (launched in July) 70,400 Nanjing Site G89, Jiangning District 49,700 Shanghai Weifang Village Street project, Pudong New 14,200 District Suzhou VETTA Nanjing Site G89, Jiangning District 30
Sales momentum continues in Mainland China – cont’d Location Project Attri. GFA (sqm) (approx) Suzhou Lot 42, National Hi-Tech District 59,000 Nanjing Site 2020G72, Hexi New Town, Jianye District 477,000 Suzhou Lot 42, National Hi-Tech District Nanjing Site 2020G72, Hexi New Town, Jianye District 31
Launched projects momentum continues • Continued sales momentum of the launched projects in Hong Kong and Mainland China such as Hong Kong: K.Summit, Solaria, K.City (3 penthouses) Shanghai: Grand Summit, Windermere Guangzhou: Cosmo Dongguan: Bayview, Silver Cove Jiangmen: J City, Ziwei Gongguan (紫薇公館) Plus Mainland China projects under joint ventures Dongguan Bayview Jiangmen J City 32
Building up Investment Portfolio • The Wuyi Road urban renewal commercial/office project in Shanghai with a GFA of 13,700 sqm is expected to be completed in 2022 • A total GFA of ~200,000 sqm for offices, hotel, serviced apartments and commercial premises, within the Nanjing comprehensive development, to be developed in phases, will be added • Cultural / green features will be integrated in new projects Shanghai Wuyi Road project, Changning District 33
Building up Investment Portfolio – cont’d • Commercial portions in various development projects to be added to our portfolio in the coming years, building a well-balanced diversified portfolio to ensure its sustainability Jiangmen J City (commercial portion) Guangzhou Cosmo (commercial portion) 34
Solid Foundation for Long-term Sustainability 1 Encouraging sales underpins results ahead 6 2 Solid financial position High visibility of project fuels future growth pipeline with enhanced asset turn 5 3 Disciplined land Expansion in recurring replenishment at income portfolio to opportune time to drive generate stable income long-term sustainability and cash inflow 4 Quality projects in Hong Kong and prime cities of the Yangtze River Delta and Pearl River Delta regions 35
K.Summit, Hong Kong Appendix: Projects Summary 36
Major Development Projects in Hong Kong Year of first sales launch GFA# % Sold Group’s Target KWIH’s Property Portfolio 1H 2021 or 2H 2021 or (sqm) as of Interest completion before beyond (approx.) Jun 2021 Solaria 嘉熙 61,600 > 90% 100% Completed K.Summit 嘉峯匯 53,000 > 95% 100% 2021 2 Grampian Road 嘉林邊道2號 NEW 2,000 - 100% Completed 30 Po Shan Road 寶珊道30號 3,700 - 50% TBC Lot No. 1040 in D.D. No.103, Kam Sheung Road Station Package One Property Development 1 丈量約份103約地段1040號, 錦上路站第一期 NEW 114,800 - 333% 2024 物業發展 Grand Victoria 維港滙 NEW 91,800 > 20% 22.5% 2023 The Remaining Portion of Tseung Kwan O Town Lot No.70, LOHAS Park Package Eleven 88,800 - 30% 2024 Property Development將軍澳巿地段70號餘段, 日出康城第十一期物業發展 The Remaining Portion of Tseung Kwan O Town Lot No.70, LOHAS Park Package Thirteen 144,000 - 25% 2026 Property Development將軍澳巿地段70號餘段, 日出康城第十三期物業發展 New Kowloon Inland Lot No. 6577, Kai Tak Area 4A Site 1 99,900 - 40% 2024 新九龍內地段6577號, 啟德發展區第4A區1號 New Kowloon Inland Lot No. 6554, Kai Tak Area 4A Site 2 111,900 - 10% 2024 新九龍內地段6554號, 啟德發展區第4A區2號 # GFA includes covered area of all saleable units and their respective share of common area as referred to or to be referred to in sales brochures 37
Major Development Projects in Yangtze River Delta region Year of first sales launch GFA % Sold Group’s Target KWIH’s Property Portfolio (sqm) as of 1H 2021 or 2H 2021 or Interest completion (approx.) Jun 2021 before beyond Phase I Ph I: 33,000 ~ 99% The Palace, Xuhui District, Shanghai Phase II Ph II: 30,000 > 90% 100% Completed 上海徐匯區嘉御庭 Phase III Ph III: 43,000 ~ 90% Windermere, Qingpu District, Shanghai 71,000 > 90% 100% Completed 上海青浦區嘉濤灣 Weifang Village Street project, Pudong New District, Shanghai NEW 14,200 - 100% 2021 上海浦東新區濰坊新村街道項目 Siping Road project, Hongkou District, Shanghai 上海虹口區四平路項目 NEW 47,000 - 49% 2023 Site G89, Jiangning District, Nanjing 南京江寧區G89地塊 NEW 49,700 - 100% 2021 Site 2020G72, Hexi New Town, Jianye District 477,000 - 100% TBC 南京建鄴區河西新城2020G72地塊 Lot 42, National Hi-Tech District, Suzhou 59,000 - 100% 2021 蘇州高新區42地塊 Royal Mansion, National Hi-Tech District, Suzhou 75,000 ~ 85% 47% 2020 蘇州高新區運河與岸 VETTA, Xiangcheng District, Suzhou 蘇州相城區嘉致峰 NEW 70,400 - 100% 2022 38
Major Development Projects in Pearl River Delta region Year of first sales launch GFA % Sold Group’s Target KWIH’s Property Portfolio 1H 2021 or 2H 2021 or (sqm) as of Interest completion before beyond (approx.) Jun 2021 Integrated Project, Huadu District, Guagnzhou 廣州花都大型綜合項目 99% Soft launched Ph I: 187,000 - 2022 Cosmo, Xinhuazhen West Site Phase I 嘉云匯, 新華鎮西地塊 Others Others: 392,000 - TBC K. Wah Plaza, Huadu, Guangzhou (Apartments) 44,000 ~ 60% 100% Completed 廣州花都嘉華廣場 (公寓) Silver Cove, Silong Town, Dongguan Phase I, II & 224,400 ~ 99% 100% Completed 東莞石龍鎮星際灣 III Bayview, Songshan Lake District, Dongguan 159,000 ~ 40% 100% 2021 東莞松山湖片區嘉譽灣 J City, Jianghai District, Jiangmen 江門江海區嘉華新都滙 278,600 ~ 20% 100% 2021 - Jianghai Site No. 02 江海02地塊 - Jianghai Site No. 12 江海12地塊 Jiajun Garden, Xinhui District, Jiangmen 100,000 ~ 60% 50% 2021 江門新會區嘉駿花園 Ziwei Gongguan, Xinhui District, Jiangmen 江門新會區紫薇公館 Soft launched 74,100 - 30% 2022 39
Major Investment Properties GFA Group’s Status / KWIH’s Investment Properties Type (sqm) Interest Target completion (approx.) J SENSES Commercial 3,400 100% Completed Hong Kong Chantilly 肇輝臺6號 Residential 5,100 100% Completed Commercial Complex at Twin Peaks 嘉悅商業項目 Commercial 3,500 100% Completed Shanghai K. Wah Centre 上海嘉華中心 Office 72,000 69.6% Completed Stanford Residences Jing An, Shanghai Serviced 32,000 100% Completed 上海尚臻靜安服務式公寓 Apartment Stanford Residences Xu Hui, Shanghai Serviced 26,000 100% Completed Yangtze River 上海尚臻徐匯服務式公寓 Apartment Delta Palace Lane, Shanghai 上海嘉御里 Commercial 8,000 100% Completed EDGE, Jingan District, Shanghai Office & 21,000 53.61% Completed 上海靜安區盈凱文創廣場 Commercial Wuyi Road project, Changning District, Shanghai Office & 13,700 100% 2022 上海長寧區武夷路項目 Commercial Crowne Plaza Guangzhou Huadu and office Hotel 32,000 100% Completed 廣州花都皇冠假日酒店及寫字樓 Office 13,000 Pearl River K. Wah Plaza, Huadu, Guangzhou Office & Delta Commercial 38,000 100% Completed 廣州花都嘉華廣場 Cove Gala, Dongguan 東莞星際匯 Commercial 11,600 100% Completed 40
Windermere, Shanghai K. Wah International Holdings Limited 29/F., K. Wah Centre, 191 Java Road, North Point, Hong Kong Tel: (852) 2880 0178 Fax: (852) 2811 9710 www.kwih.com 41
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