Results Highlights:

• The Group recorded an annual profit of HK$1.26 billion, representing a substantial increase of 1.1 times
• The board proposed a final dividend of 3.0 HK cents per share and a special dividend of 2.0 HK cents per share. Total dividend per share increased by about 60% to 8.0 HK cents. The dividend yield was 4.3%.

(Hong Kong, 29 June 2017) – Chuang’s Consortium International Limited (“Chuang’s Consortium” or “the Group”) (HKSE: 0367) announced its annual results for the year ended 31 March 2017 (“the Year under Review”). During the Year under Review, the Group’s profit attributable to equity holders of the Company recorded a substantial increase of 1.1 times to HK$1.26 billion (2016: HK$598 million). Earnings per share amounted to 75.19 HK cents (2016: 34.51 HK cents).The board proposed a final dividend of 3.0 HK cents per share and a special dividend of 2.0 HK cents per share. Total dividend per share increased by about 60% to 8.0 HK cents. The dividend yield was 4.3%.

Captured market opportunities to realize investment returns

During the Year under Review, Chuang’s Consortium successfully captured the rising trend of the prestigious residential property market in Hong Kong by entering into an agreement to dispose of the property investment project located at Gough Hill Road, The Peak for HK$2.1 billion. The transaction represented a record high in Hong Kong in terms of the monetary amount per square foot. The transaction is expected to be completed in the third quarter of 2018, and will generate an aggregate net gain of over HK$1 billion to the Group. Meanwhile, the Group also grasped the opportunity in the People’s Republic of China (“the PRC”) booming property market and completed the disposal of the property development project at Dongguan, the PRC, for RMB1.3 billion (equivalent to approximately HK$1.5 billion), which generated a net gain of about HK$1.2 billion (before deducting non-controlling interests) to the Group.

Expanded investment portfolio through tapping into London market and increasing land bank in Hong Kong  

In late 2016, the Group acquired an office building at the prime location of City of London, United Kingdom, at a net consideration of approximately GBP79 million (equivalent to approximately HK$764 million). London, being one of the world’s leading financial marketplaces, is well sought-after by global investors for its market liquidity and transparency. The Group believes that the acquisition of this prime office property will provide a steady rental income stream as well as potential increase in capital value over time. Furthermore, realizing the thriving property market in Hong Kong, the Group entered into an agreement in April 2017 to acquire Posco Building at Sham Shui Po, Kowloon, at the consideration of HK$301 million. The acquisition is expected to increase the recurrent rental income and enhance the land bank of the Group.

Mr. Albert Chuang Ka Pun, Joint Managing Director of Chuang’s Consortium, stated “Chuang’s Consortium achieved a great success in its annual results and also implemented a number of strategic moves in the year that further strengthened the Group’s financial position and foundation. Looking forward, the Group will actively improve rental yield of the investment properties and speed up the development of projects located at Po Shan Road and Tuen Mun in Hong Kong, Chuang’s Mid-town in Anshan, the PRC, and International Finance Centre and sáv Residence in Mongolia. The Group is confident that with the completion of the above development projects, further value can be created for the shareholders.”