Hong Kong Exchanges and Clearing and The Stock Exchange of Hong Kong take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HSIN CHONG CONSTRUCTION GROUP LTD. * (Incorporated in Bermuda with limited liability) (Stock Code: 00404) VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE (UNAUDITED) FOR THE YEAR ENDED 31 DECEMBER The Group is pleased to provide a business update (unaudited) on its operations for the year ended. The highlights are as follow: CONSTRUCTION BUSINESS New contracts awarded New orders intake for the has hit a record high in Hsin Chong history. The total contract sum of the Group s equity share in the new orders awarded for the amounted to approximately HK$14.9 billion, out of which approximately HK$3.6 billion was recorded during the fourth. Outstanding workload With the strong new orders replenishment, our outstanding workload remained at a high level after steady execution. As of, the Group recorded an outstanding workload of approximately HK$18.4 billion. Turnover, the Group recorded a turnover of approximately HK$14.2 billion, out of which approximately HK$3.2 billion was recorded during the fourth. PROPERTY AND FACILITY MANAGEMENT SERVICES BUSINESS Service contracts on hand As of, the gross floor area under management was approximately 12,200,000 sqm. Turnover, the Group recorded a turnover of approximately HK$755 million. 1
Hsin Chong Construction Group Ltd. (the Company, together with its subsidiaries, collectively, the Group ) is pleased to provide a business update (unaudited) for the year ended with the objective of informing its shareholders and potential investors of the Group s operational progress and performance. CONSTRUCTION BUSINESS 1. New contracts awarded New orders intake for the has hit a record high in Hsin Chong history. The total contract sum of the Group s equity share in the new orders awarded for the amounted to approximately HK$14.9 billion, out of which approximately HK$3.6 billion was recorded during the fourth. Major contracts awarded to the Group during the include: Contracts Clients Awarded in 1. Main Contract for Proposed Office Complex at Lam Lee Street, Hong Kong 2. Site Formation, ELS, Foundation, Pile Cap and Basement Slab Works Contract for Proposed Residential at New Kowloon Island Lot No. 6532 Lung Cheung Road, Beacon Hill, Hong Kong 3. Site Formation and Infrastructural Works near Tong Hang Road and Tsz Tin Road in Area 54, Hong Kong 4. Residential at Discovery Bay North Phase 16, Hong Kong 5. Fortune Pharmacal New Factory at 50-68 Wang Lok Street, Yuen Long Industrial Estate, Yuen Long, Hong Kong 6. MVAC/Electrical/Fire Services Installation for the Proposed Logistics Centre at Tsing Yi Town Lot No.181, New Territories, Hong Kong 7. Reinforced Concrete Works (Excluding Reinforced Concrete Works Below Tower) and General Builder s Works for Podium (G/F to Podium Roof) (West Portion) for Lisboa Palace, Macau Star Wing International (a subsidiary of Swire Properties ) Kerry Project Management (H.K.) Ltd. Civil Engineering and Department Hong Kong Resort Company Fortune Pharmacal Co. Ltd. Kongwell Logistics Cotai Magnific View-Property Company 2
Contracts Clients Awarded in 8. Construction Management Services Contract for Garapan Integrated Resort, Saipan 9. M+ Main Works Contract Including RDE Building, Interfacing Car Park and Sewage Pumping Station at West Kowloon Cultural District, Hong Kong (Note 1) 10. Management Contractor for Residential at 307-329 Des Vouex Road West, Hong Kong 11. ELS and Foundation Package Contract for Proposed Office at 704-730 King s Road, Hong Kong 12. Proposed Residential at No.28-32 Aberdeen Street, Hong Kong 13. Infrastructure Maintenance Contract Works for Commercial at 113-115 Argyle Street, Hong Kong 14. Building Services Installation Nominated Sub-contractor for the Proposed Alteration and Addition Works at 3rd Tropicana Garden, No. 110 Lung Cheung Road, Hong Kong 15. Alteration and Addition Works at G/F, 1/F and 2/F at China Hong Kong City, 33 Canton Road, Hong Kong 16. Main Contract Works for Proposed Residential at the Juncture of Sheung Lok Street and Sheung Shing Street, Homantin, Hong Kong (Note 2) 17. Foundation Works, Drainage Diversion and Road Works for Temporary Carparking for the Hong Kong Ocean Park Marriott Hotel, Hong Kong 18. Renovation Works for G/F, 4/F and 9/F, Kee Wah Industrial Building, 666 Castle Peak Road, Hong Kong 19. MUJI Hong Kong Hopewell Centre Store Renovation Project, Hong Kong Imperial Pacific International (CNMI) LLC West Kowloon Cultural District Authority New World Construction Company Day Bright Joint Rise International (HK) Hang Seng Bank, HK JEBN Assets Management Million Success /Wide Harvest Investment Kerry Properties Lai Sun Company Kee Wah Food Production MUJI (Hong Kong) Company 3
Note 1: The single largest Hong Kong construction contract ever awarded to the Group in terms of the Group s equity share in the contract sum, surpassing the last record achieved by the Group by 62%. Note 2: The single largest Hong Kong residential development project ever awarded to the Group. 2. Outstanding workload With the strong new orders replenishment, our outstanding workload remained at a high level after steady execution. As of, the Group recorded an outstanding workload of approximately HK$18.4 billion. Details of the outstanding workload are as follow: As of As of Building Construction 9,792 8,228 +19% Civil Engineering 3,211 2,698 +19% Electrical and Mechanical 2,468 1,421 +74% Interiors and Special Projects 2,872 2,180 +32% NSC # 45 1,857-98% Total 18,388 16,384 +12% 3. Turnover, the Group recorded a turnover of approximately HK$14.2 billion, out of which approximately HK$3.2 billion was recorded during the fourth. Details of the turnover are as follow: Building Construction 6,514 4,550 +43% Civil Engineering 1,869 1,821 +3% Electrical and Mechanical 1,162 690 +68% Interiors and Special Projects (Note 3) 1,676 1,075 +56% NSC # 2,959 4,972-40% Total 14,180 13,108 +8% 4
PROPERTY AND FACILITY MANAGEMENT SERVICES BUSINESS 1. Service contracts on hand As of, the gross floor area under management was approximately 12,200,000 square metres ( sqm ) (Hong Kong: 9,800,000 sqm, Mainland China: 2,400,000 sqm). 2. Turnover, the Group recorded a turnover of approximately HK$755 million, details of which are as follow: 5 Property and Facility Management Services (Note 3) 755 780-3% Note 3: Turnover of Interiors and Special Projects and Property and Facility Management Services Business for the have been restated to align with the classification of turnover of these two businesses for the. The board of directors of the Company (the Board ) wishes to remind investors that the business update for the above is based on the unaudited management accounts of the Group which have not been reviewed or audited by the auditors of the Company. Shareholders and potential investors of the Company are therefore advised to exercise caution when dealing in the shares of the Company. Hong Kong, 7 January 2016 By Order of the Board of Hsin Chong Construction Group Ltd. Joseph CHOI Kin Hung Executive Director and Chief Executive Officer As at the date of this announcement, the Board comprises Ir. Joseph CHOI Kin Hung (Chief Executive Officer), Mr. LUI Chun Pong (Chief Financial Officer), Mr. Wilfred WU Shek Chun (Director of Mergers and Acquisitions) and Mr. ZHOU Wei as Executive Directors; Mr. LIN Zhuo Yan (Non-executive Chairman), Mr. YAN Jie, Mr. CHEN Lei and Mr. CHUI Kwong Kau as Non-executive Directors; and Mr. CHENG Sui Sang, Mr. GAO Jingyuan, Ms. LEE Jai Ying and Mr. KWOK, Shiu Keung Ernest as Independent Non-executive Directors. * for identification purposes only # NSC Nominated subcontractors works of Macau Galaxy Resort Phase 2 Project