(Hong Kong, 28 June 2018) – Chuang’s Consortium International Limited (“Chuang’s Consortium” or “the Group”) (HKSE: 0367) announced its annual results for the year ended 31 March 2018 (“the Year under Review”). During the Year under Review, the Group’s profit attributable to equity holders of the company increased to HK$1.30 billion (2017: HK$1.26 billion). Earnings per share amounted to 77.39 HK cents (2017: 75.19 HK cents). The board proposed a final dividend of 5.0 HK cents (2017: 3.0 HK cents) per share. Total dividend per share for the year was 8.0 HK cents (2017: 8.0 HK cents, including a special dividend of 2.0 HK cents). The dividend yield was about 5%.

During the Year under Review, the Group implemented and completed the following strategic moves to replenish our land bank, laying pathway for the future prosperity of the Group:

1. The Group completed the acquisition of Posco Building in Sham Shui Po. The property has a site area of about 3,920 sq. ft. and a total GFA of about 47,258 sq. ft.. The Group has obtained the permission to convert the industrial use portion to office use, and further studies on other technical aspects of such conversion are in progress. Meanwhile, the Group is also evaluating the feasibility to redevelop the property into a commercial/residential property with a total GFA of about 35,280 sq. ft..
   
2. The Group has successfully acquired full ownership of No. 20 Gage Street, and about 83% and 81% ownership of No. 16 and No. 18 Gage Street in Central respectively. The Group is taking steps to acquire the remaining units within the development. The project has a total site area of about 3,600 sq. ft. and it is currently planned that a commercial/residential building with GFA of about 36,000 sq. ft. will be developed. In parallel, developing the property to an office building is also under consideration as there is strong demand for such kind of usage nearby.
   
3. Through a joint venture, the Group participated in a development project at Reclamation Street in Mongkok. The site is well located in the heart of the Mongkok district, neighbouring Langham Place. It covers a site area of approximately 14,900 sq. ft. and it will provide residential GFA of about 112,200 sq. ft. upon completion.

Mr. Albert Chuang Ka Pun, Vice Chairman of Chuang’s Consortium, stated “Chuang’s Consortium achieved a great success in its annual results and also implemented a number of strategic moves during the year that further strengthened the Group’s foundation. Looking forward, the Group will continue to take steps to further enhance rental yield and return of our investment and hotel properties, speed up the development of various projects and identify new business opportunities including land acquisitions and property investments, with a view to continue to create value for our shareholders.”