INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2018

06 Nov INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2018

INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2018

Issued Date: 30/08/2018

Financial Highlights of 2018 Interim Results:

• For the six months ended 30 June 2018, the Group’s revenue and profit attributable to equity shareholders of the Company amounted to approximately RMB31.1 million (six months ended 30 June 2017: approximately RMB32.7 million) and approximately RMB28.9 million (six months ended 30 June 2017: approximately RMB9.2 million) respectively.

• For the six months ended 30 June 2018, basic earnings per share of the Group was approximately RMB0.07 as compared to basic earnings per share of approximately RMB0.03 for the corresponding period last year.

• The Board does not recommend the payment of any interim dividend for the six months ended 30 June 2018 (six months ended 30 June 2017: Nil).

The property management sector in China has been afforded ample opportunities for development following the implementation of the “National New-type Urbanisation Plan (2014-2020)” (《國家新型城鎮化規劃 (2014－2020年)》) and the ongoing growth of the nation’s property market. The Group will always maintain the advantages of property management service, and compete with the competitors in the market leveraging on quality service and high efficient operation. The Group will commit to
develop new business relationships via existing customer base and its own network, to provide strong organic growth for the Group. The gradual improvement and relaxation of relevant policies of the government and the industry, as well as the development towards market-oriented pricing for property services, will further drive the healthy development of the property management sector. The Group will still take the UK as the major overseas investment destination. The Group is identifying properties with attractive net primary yields and stable business leasing for overseas acquisitions, in order to diversify the property mix of the Group.