(Hong Kong, 27 November 2017) – Chuang’s China Investments Limited (“Chuang’s China” or “the Group”) (HKSE: 0298) announced its interim results for the six months ended 30 September 2017 (“the Period under Review”). During the Period under Review, the Group’s revenue decreased to approximately HK$91.7 million (2016: HK$432.2 million), which was mainly attributable to the slowdown in flow of property development projects available for sales. Despite this, profit attributable to equity holders of the Company increased to HK$96.4 million (2016: HK$87.7 million) as a result of the increase in fair value gain of the investment property in London at HK$122 million. The board proposed an interim dividend of 1.5 HK cents per share.

In the last fiscal year, Chuang’s China had completed a series of strategic business transformation that diversified the portfolio and direction of its investments; different positive results are also beginning to emerge along with the related business adjustment. In late 2016, the Group acquired an office property in the prime location of London, at a net consideration of approximately GBP79 million, which provides the Group with a steady stream of rental income as well as an increase in its capital value. As at 30 September 2017, the valuation of the London property was approximately GBP95 million, which appreciated over 20% in less than a year after acquisition, mirroring the Group’s unique insight and its first-mover advantage in capturing the upward movement in local property market.

Mr. Albert Chuang Ka Pun, Managing Director and Executive Director of Chuang’s China, stated “Chuang’s China has been relentlessly shifting its focus to other business or properties from the excessive concentration of real estate projects in Hong Kong and the Mainland with a view to achieving more stable and diversified source of income, such as our move to expand the hotel and resort business. Moreover, the Group will also increase the number of investment properties in different markets in order to further expand the Group’s revenue sources and enhance its profitability.”