(Hong Kong, 25 June 2019) – Chuang’s China Investments Limited (“Chuang’s China” or “the Group”) (HKEX: 298) announced its annual results for the year ended 31 March 2019 (“the Period under Review”).

During the Period under Review, due to the steady and recurring income of property investment business and the securities and bond investment segment, the Group recorded revenue of approximately 200 million (2018: HK$174 million) during the Year. Profit attributable to equity holders of the Company was about 168 million (2018: HK$280 million). Basic earnings per share amounted to HK$7.15 cents (2018: HK$11.89 cents) and the net asset value attributable to equity holders of the Company amounted to HK$4250 million. The Board proposed a final dividend of HK$2 cents per share and the total dividend per share amounted to HK$3.5 cents.

During the Period under Review, the Group started the pre-sales of the residential properties and received satisfactory response. The Esplanade where is located at Yip Wong Road in Tuen Mun. Out of the total 371 residential flats, a total of 352 units have been pre-sold at aggregate amount of about 1570 million up-to-date and received an aggregate deposit amount of 460 million. An additional 990 million is expected to be received before the end of September 2019, whereas the remaining balance of 120 million will be received between October 2019 and completion of the sales. These contracted sales will be recognized as revenues in the Group’s financial statement when the properties are handed-over to end-buyers. The Group intends to hold the commercial properties with total GFA of 25,813 sq. ft. for investment purpose.

Mr. Albert Chuang Ka Pun, Managing Director and Executive Director of Chuang’s China, stated “Apart from seeking new opportunities to replenish land bank for property development, the Group will also identify suitable investments to expand investment property portfolio, in order to enhance steady and recurring rental income. As for geographical coverage, the Group will identify opportunities not only in Hong Kong but also on cities in the PRC with focus on the Guangdong-Hong Kong-Macao Greater Bay Area and will actively diversify to overseas countries especially along the Belt and Road Initiatives. The Group will diversify to other businesses with steady income, expand the Group’s sources of revenue, enhance the Group’s profitability, and maximize return for its shareholders. “