Corporate Presentation Delivering Value with Distinctive Quality - September 2021

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
www.kwih.com

            Corporate Presentation
                   September 2021

    Delivering Value with Distinctive Quality

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
Bayview, Dongguan          K. Wah Plaza, Guangzhou

                    Company Profile

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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.

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
Shareholding Structure

                                                          Public &
               The Lui family
                                                  Institutional Investors

                   ~65%                                    ~35%

                                     KWIH

      Number of Shares Issued: 3,126,974,615 (as of 31 August 2021)

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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Corporate Presentation Delivering Value with Distinctive Quality - September 2021
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

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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

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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

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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)

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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

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