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Spackman Entertainment Group’s Musical Film THE BOX, Starring Exo’s Chanyeol, Opens #1 At The Korean Box Office

  • THE BOX is the latest film production of the Company’s wholly‐owned subsidiary, Studio Take, founded by veteran movie producer, Song Dae‐chan
  • THE BOX ranked #1 on the first day of its wide release yesterday in Korea and set to debut in 11 countries including USA, Singapore, Indonesia, Vietnam, Japan and Australia
  • Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX is EXO’s Chanyeol’s first lead acting role in a film


SINGAPORE – Media OutReach – 25 March 2021 – Spackman Entertainment Group Limited (“Spackman Entertainment Group” or the “Company” and together with its subsidiaries, the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that its musical film THE BOX, produced by the Company’s indirect wholly-owned subsidiary, Studio Take Co., Ltd. (“Studio Take“), opened #1 at the Korean box office on the first day of its wide release yesterday.

According to the latest statistics from the Korean Film Council, THE BOX captured 34.1% of the Korean box office revenue market share with total ticket admissions of 31,905 and gross box office revenue of approximately US$233,959 as of 24 March 2021[1].

THE BOX is scheduled to debut in 11 countries including USA, Singapore, Indonesia, Vietnam, Japan and Australia. The musical film will be released on 1 April 2021 in Singapore, 7 April 2021 in Indonesia and 8 April 2021 in Malaysia.

THE BOX is the second film production of Studio Take, which was founded by veteran movie producer, Song Dae‐chan. Previously, Studio Take released its maiden art film STONE SKIPPING on 15 October 2020.

THE BOX is about the musical journey of an aspiring singer and a once popular producer.

Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX stars EXO’s Chanyeol who plays the aspiring singer and Jo Dal Hwan who acts as the once popular producer. This is Chanyeol’s first lead role for a Korean commercial film. Jo Dal Hwan is known for his role in SECRET HEALER (2016), TRAFFICKERS (2012) and THE CON ARTISTS (2014).

THE BOX showcases a number of international hit songs, such as Billie Eilish’s BAD GUY in Chanyeol’s voice. The music director of the musical film is Ecobridge, who is the composer of Jung Yup’s NOTHING BETTER in 2008.

For more information on THE BOX and its official trailer, please visit the Group’s website at https://spackmanentertainmentgroup.com/movies.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), founded in 2011 by Charles Spackman, is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world’s fourth largest box office market in 2019, behind only North America, China and Japan.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL’s wholly-owned Zip Cinema Co., Ltd. (“Zip Cinema“) is one of the most recognised film production labels in Korea and has originated and produced some of Korea’s most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema’s motion pictures include some of Korea’s highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com

SEGL also owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including A BOLT FROM THE BLUE (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which produced STONE SKIPPING (2020) and THE BOX (2021), and shall release GUARDIAN (working title) in 2021 tentatively.


The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top

directors and provided the camera and lighting equipment some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

CIFI’s total profit grew by 28.7% to RMB11.9 billion in 2020

CIFI Group Announces 2020 Annual Results

  • Total profit grew by 28.7% to RMB11.9 billion exceeding RMB10 billion for the first time
  • Core net profit to equity owners of the Company increased by 16.3% to a new record high of RMB8.03 billion
  • Dividend growing continuously since IPO and final dividend of 29 HK cents per share in 2020
  • Contracted sales target of RMB265.0 billion in 2021

Results Highlights:

Revenue and net profit hit a record high with dividend growing continuously since IPO

  • Recognised revenue increased by 27.2% to RMB71.8 billion.
  • Core net profit to equity owners of the Company increased by 16.3% to RMB8.03 billion.
  • Adjusted gross profit margin and core net profit margin stood at 25.1% and 11.2% respectively.
  • Core return on average equity was 24.2%, maintaining the industry’s leading level.
  • Proposed final dividend of RMB24.3 cents (equivalent to 29 HK cents) per share, an increase of 10.8%. Total dividends for the year amounted to RMB34.1 cents (equivalent to 40 HK cents) per share with a year-on-year growth of 5.3%.
  • Achieved sustainable earnings growth since IPO, with accumulated dividends of HK$1.84 per share.

Sales reached a new height with abundant quality land bank

  • Completed the Group’s full year contracted sales target in 2020. The Group achieved contracted sales and contracted gross floor area of RMB231.0 billion and 15,385,000 sq.m. in 2020, representing a growth of 15.2% and 27.8% respectively. Contracted average selling price was approximately RMB15,000 per sq.m.
  • Achieved a cash collection ratio of over 90% from contracted sales, maintaining the industry’s leading level.
  • Pressed ahead with the goal of “achieving RMB10B sales in each city”. A total of 18 cities ranked top 10 in local markets sales.
  • The new land bank acquired through diversified channels accounted for 51% of the total new land bank. Acquired 12 commercial complexes since 2020.
  • Contracted sales target of RMB265.0 billion in 2021.

Stable and healthy debt structure with high risk resistance

  • Abundant cash on hand, reaching RMB 51.15 billion.
  • As at 31 December 2020, net debt-to-equity ratio and weighted average cost of indebtedness improved to 64.0% and 5.4% respectively.

Recognized by international and onshore credit rating agencies

  • Moody’s and Lianhe Global upgraded the Company’s credit ratings outlook to “Ba2” (with “Stable” outlook) and “BBB–” (with “Stable” outlook) respectively.
  • Standard & Poor’s and Fitch reiterated the Company’s credit rating to be “BB” (with “Stable” outlook).
  • CCXI and Lianhe Credit Rating assigned “AAA” (with “Stable” outlook) onshore credit ratings to the Company and CIFI PRC.

Promote low carbon practise and maintain strong competitiveness

  • All residential products under CIFI have obtained the Green Building Design Label of one-star or above. During the year, 25 CIFI projects received a Two-star Green Building Label.
  • CIFI’s green bonds have been included in Sustainable and Green Exchange (STAGE) which is newly launched by the Stock Exchange of Hong Kong (“HKEx”). CIFI is the only real estate company in China to be listed on STAGE among 13 companies in the first batch.
  • Teamed up with Alibaba (HKEx stock code: 9988) to launch HUMAN Smart Healthy Living 2.0 Operating System and received the CIOC innovation award in 2020.

Strongly committed to sustainable development and corporate social responsibility

  • Published the first standalone Environmental, Social and Governance (ESG) report and enhanced the disclosure of the enterprise’s ESG management to a new level, in response to the amended reporting guide of the HKEx.
  • First announced the offshore green finance framework, and successfully issued the first offshore green bonds in the same month, representing the Group’s first step towards the green financing practice.
  • CIFI Charity Foundation donated RMB20 million to establish a dedicated fund fighting against the COVID-19 pandemic, which provided medical supplies and subsidized medical personnel arriving at Wuhan from Shanghai.

Received various national and international honours and recognition; CIFI’s market position in the industry has been further enhanced

  • CIFI was the top 14 of “Top 20 China Real Estate Developers 2020” and “Top 10 Stable China Real Estate Developers 2020” awarded by China Real Estate Association.
  • CIFI was selected in “Hang Seng China (Hong Kong-listed) 100 Index” and “Hang Seng Large-Mid Cap Value Tilt Index”, and was the only private real estate developer in the “Hang Seng Corporate Sustainability Index”.
  • CIFI was awarded the “2020 Best Managed Companies (BMC)” by Deloitte and Harvard Business Review and became one of the only two real estate enterprises among the awarded enterprises.
  • CIFI was awarded the “Institutional Investor Magazine – All-Asia Executive Team 2020”.


Financial Summary:

For the year ended 31 December

Growth

2020

2019

Contracted sales

Contracted sales (RMB’ billion)

231.0

200.6

+15.2%

Contracted GFA (sq.m.)

15,385,100

12,035,500

+27.8%

Key financial performance (RMB’million)

Recognized revenue

71,799

56,451

+27.2%

Gross profit

15,609

14,116

+10.6%

Profit for the year attributable to equity owners

8,032

6,443

+24.7%

Core net profit attributable to equity owners

8,026

6,903

+16.3%

Core basic earnings per share, RMB cents

100

89

+12.4%

Proposed final dividend per share, RMB cents

24.30

21.93

+10.8%

As at

31 Dec 2020

As at

31 Dec 2019

Selected balance sheet data (RMB’million)

Total assets

379,299

324,855

+16.8%

Total indebtedness

104,715

103,699

+1.0%

Total equity

83,642

68,197

+22.6%

Equity attributable to equity owners

36,052

30,199

+19.4%

Net debt-to-equity ratio

64.0%

65.6%

-1.6 p.p.

Weighted average cost of indebtedness

5.4%

6.0%

-0.6 p.p.

Land bank (GFA, million sq.m.)

– Total

56.5

50.7

+11.4%

– Attributable

30.8

26.5

+16.2%

HONG KONG SAR – Media OutReach – 25 March 2021 – CIFI Holdings (Group) Co. Ltd (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaged in property development and investment business mainly in the first-, second- and quasi-second-tier cities in China, is pleased to announce its annual results for the year ended 31 December 2020.

The Group expects a steady development of China’s real estate market in 2021 that new construction remains at a high level, sales in first- and second-tier cities continue to be driven by consumption upgrades, and sales are expected to hit record high. In terms of land market, due to the tightening of financing channels for real estate developers and the concentration of land supply in 22 cities in phases, reasonable resource allocation and profitability considerations will pose greater challenges to operation capacity. Developers will be more prudent in land acquisition, and transaction will become more rational. Industry consolidation will accelerate, resulting in increasing concentration.

The Group has penetrated into the Yangtze River Delta region. In the early years, it focused on all core cities in the Shanghai-Rim Metropolis with Shanghai as the centre, while putting emphasis on the Pan Bohai Rim Region and Shandong Province. In recent years, more efforts have been made to cover the core cities around the Greater Bay Area metropolis, and the Chengdu-Chongqing real estate market has been further developed. It is believed that the national layout will enable the Group to obtain benefits during the process of this round of urbanization.

In 2021, the Group’s contracted sales target is RMB265 billion, and it has sufficient saleable resources to support the completion of the full-year contracted sales target. Currently, the Group has covered 89 cities across the country and established presence in 7 regions. Diversified land bank and premium project reserves have laid a solid foundation for the growth of the Group’s contracted sales.

Mr. Lin Zhong, Chairman and Executive Director of the Group said, “We believe that the central government’s advocacy of the real estate policy tone that “houses are built to be inhabited, not for speculation”, “renting and acquiring at the same time” and “differentiated policies for different cities” will remain unchanged. We expect the various restrictive policies to continue in the near future. The Group will uphold the long-term development strategy, persistently improve the corporate operation efficiency, continue to enhance its brand advantages and put emphasis on product innovation, follow the principle of prudent management of finance, and build up the strengths to defend the market volatility. Meanwhile, the Group puts great significance on promoting its management standard on environmental protection, social responsibility and corporate governance, which will be uplifted to the level of the Group’s strategic planning. We pledge full commitment to forging CIFI as one of the Fortune Global 500 with outstanding results, persistent performance of social responsibility and excellent corporate governance, and create encouraging returns for shareholders.”

About CIFI (Group):

Headquartered in Shanghai, CIFI is one of China’s top real estate developers. CIFI principally focuses on developing high-quality properties in first-, second-, and quasi-second-tier cities in China. CIFI develops various types of properties, including residential, office and commericial complexes.

To learn more about the Company, please visit CIFI’s website at: http://www.cifi.com.cn

Laos Officially Authorizes Lao New Year Celebrations

Laos officially authorizes Lao New Year (Pi Mai) celebrations
Lao New Year (Pi Mai) festivities include spraying water on passers by (Photo: Phoonsab Thevongsa)

Authorities in Laos have given the green light to Lao New Year celebrations (Boun Pi Mai Lao) this year, although strict Covid-19 prevention and control measures will apply.

Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021”

Egg Hunting at Gold Coast Hotel, Piazza and 50,000 sq.ft Lawn

Hunt all the hidden Easter eggs and Win the fabulous prizes

Including free hotel accommodation

Join the “Egg-cellent Easter Fun Vacation” of Gold Coast Hotel, to enjoy a lesiure Easter holiday with diversified programs!


HONG KONG SAR – Media OutReach – 25 March 2021 –

Win Fabulous Prizes from Digital Egg Hunt and a plethora of games

“Gold Coast Easter Egg Hunt” is a must-do activity to complete the Easter celebration. This year, the activity will be returning in a contactless format at Hong Kong Gold Coast from 1st to 6th April. Namely, what participating families need is just a mobile phone to scan QR codes on the Easter eggs to earn game points. Scattering over Gold Coast Hotel, Piazza, and the 50,000 sq. ft. Lawn, the Easter eggs are worth different points. The higher the points collected, the more prizes to redeem. Ranging from free accommodations at Gold Coast Hotel and family photography gift vouchers, to dining coupons and other gifts, the total value of prizes is above HK$880,000. Everyone can return fully loaded with both joy and prizes!

Gold Coast ‘Digital Easter Egg Hunt 2021 creates a leisurely parent-child holiday for you.
Enjoy the ever first digital egg hunt safely!

Not only is there egg scavenger hunt, at Gold Coast Piazza are also a gashapon measures, a claw machine and several fun-filled game booths for participants to win prizes. An assortment of gifts is here expecting participants to take them home.

Owing to the sanitation and anti-pandemic concerns, a special crowd control system will be implemented. The entire event will be further split into sessions to avoid crowds. Sufficient social distance is therefore guaranteed and unnecessary contact with objects is avoided.

Leisurely Vacation surrounded by Natural Landscapes

Other than the fun and exhilarating Egg Hunt, Hong Kong Gold Coast precinct is the ideal choice for STAYCATION. Hong Kong Gold Coast Hotel features a long coastline, expansive outdoor gardens and a range of award-winning delicacies to pamper guests. Myriads of workshops and recreational facilities are also available to bring kids an awesome Easter experience. What’s more, Gold Coast Piazza also offers several al fresco dining spots for guests to choose from. The STAYCATION at Gold Coast can be no different from a foreign holiday n.

Book tickets now to enjoy Hotel Getaway Package featuring Deluxe Seaview Rooms & other Recreational Facilities

If you wish to join the thrilling “Gold Coast ‘Digital’ Easter Egg Hunt 2021” with your kids, you must act now and pre-purchase event tickets! Better yet, Hong Kong Gold Coast Hotel is launching the “Egg-cellent Easter Fun Vacation” packages which include one-night or two-night stay in a Deluxe Seaview Room, tickets of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”, “Draw & Grow” Easter Egg Workshop and amusing outdoor games. Book now lest you miss a remarkable Easter holiday memory!

Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021”

“Gold Coast Easter Egg Hunt”

Date

From 1 to 6 April, 2021(Thursday to Tuesday)

*Only hotel guests can participate on 1 & 2 April and hence no public ticket sale

Location

Hong Kong Gold Coast

Tickets Details:

Group and time

From 3 to 6 April, 2021

Group A :(3 to 6 April)

Check in from 11 am to 12 nn, the game will start from successful login and end within 2 hours

Group B:(3 to 5 April)

Check in from 12 nn to 1 pm, the game will start from successful login and end within 2 hours

Group C: (6 April Only)

Check in from 1 pm to 2 pm, the game will start from successful login and end within 2 hours

* Each of the above groups must consist of one parent and one 3- to 11-year-old child

* Every session is about 2 hours

Ticket Regular Price

HK$220

Include 1 session of Egg Hunt, 1 time each to play the gashapon machine, claw machine and game booths

How to participate

Early-bird offer: From today to 26 March, purchase ticket at HK$200 at https://bit.ly/HKGCEEH2021. Limited offers while stocks last.

* There is no alteration or refund once the transaction is completed.

Prizes

*Total value over HKD 880,000 in total

*Refer to appendice 1 for details

Hong Kong Gold Coast Hotel “Egg-cellent Easter Fun Vacation”

Promotion Date

27 March to 11 April, 2021

Check-in Dates & Prices

28 – 31 March; 7, 8, 9 and 11 April – From HK$1,180 net

27 March; 1, 6, 10 April – From HK$1,380 net

2 – 5 April – From HK$1,680 net

Programme Details

Egg-cellent Easter Fun Vacation (1-night package), privileges include:

Day 1

  • One-night accommodation in a Deluxe Seaview Room
  • One session of Gold Coast Digital Easter Egg Hunt for one adult and one child (for stays between 1 and 6 April 2021)
  • One session of outdoor games (4 games per session) at Gold Coast Square
  • 50% discount on Gold Coast Ziplines and Mini Train Ride^
  • In-room minibar (6 cans of soft drinks per stay)
  • Wi-Fi
  • Shuttle bus service (subject to availability)

Day 2

  • Breakfast* for two adults and one child
  • One session of “Draw & Grow” Easter Egg Workshop for one adult and one child

Additional child pass (includes all the above privileges):

  • HK$300 / HK$450# net per person per night

Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences:

  • Extra one session of outdoor games (4 games per session) at Gold Coast Square

Egg-cellent Easter Fun Vacation (2-night package), privileges include:

Day 1

  • Complimentary upgrade to a Deluxe Seaview Room with Balcony for the entire stay
  • One session of Gold Coast Digital Easter Egg Hunt for one adult and one child (for stays between1 and 6 April 2021)One session of outdoor games (4 games per session) at Gold Coast Square
  • 50% discount on Gold Coast Ziplines and Mini Train Ride^
  • In-room minibar (6 cans of soft drinks per stay)
  • Wi-Fi
  • Shuttle bus service (subject to availability)

Day 2

  • Breakfast* for two adults and one child
  • One session of “Draw & Grow” Easter Egg Workshop for one adult and one child
  • Extra one session of outdoor games (4 games per session) at Gold Coast Square
  • A refreshment bag (self-pick up at Satay Inn between 3:00pm and 6:00pm)

Day 3

  • Breakfast* for two adults and one child
  • One session of Mosaic Music Box Workshop for one adult and one child

Additional child pass (includes all the above privileges):

  • HK$300 / HK$450 netper head each night#

Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences:

* Extra one session of outdoor games (4 game per session) at Gold Coast Square

^ Subject to weather condition, venue availability, age, height and weight restrictions

* Breakfast will be served in different timeslots which booking is subject to availability

# For stays between 1 and 6 April 2021

Enquiries and booking

For getaway package reservations and enquiries: 2452 8833

Website: http://bit.ly/easter-package-21-en

Appendice 1


Prize List of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”


* Each gift bag is redeemed with egg hunt game points. Combination of each bag may be slightly different. The number of each gift is limited, while stocks last.


Gifts

Free accommodation at Gold Coast hotel, Dining voucher at Gold Coast Prime Rib, Venture Studios Hong Kong, Family Photography Gift Voucher, Ebeneezer’s Dining Voucher, Joyful and Health Chinese Medicine Centre Ltd., JH Moisturizing Cream, Sealect Snackit Chicken & Mayonnaise, DCH Auriga – Children’s nutrition products (Healthy Care Kids Chewable Computer Eyes, Healthy Care Kids Chewable Vitamin C, Healthy Care Kids Chewable Zinc + Vitamin C, Healthy Care Kids Chewable Immune, Healthy Care Kids Chewable Calcium+ Vitamin D3), Darlie – [Twin Pack] Double Action Toothpaste + free Chibi Maruko Chan – (Plate set, Darlie kids toothpaste travel kit), Biore UV Kids Pure Milk, SKN(one of the following by random)(Earth’s Best – Whole Grain Oatmeal Cereal, Earth’s Best – Whole Grain Multi-grain Cereal, Dr. PawPaw – Tinted Ultimate Red Balm, Ella’s Kitchen Hand Sanitizer), PROCARE HK ASTM F2100 Level 2 face mask, Oxford Story Tree reader, 1901 BDF Tea, National Geographic (Duo Small Wallet, Trendy Sling Bag), Now TV Limited Edition Note Book, Oatly Oat Drink Organic, Geox (GEOX Playkix sneakers, Obtain HKD 100 Cash voucher for liking Facebook page on the spot), Pod chocolate (Plant base , non dairy milk and vegan Chocolate), English tea shop organic tea (Green tea pomegranate, Chocolate roobios vanilla, Chamomile lavender, Lemongrass citrus ginger), SOYJOY Fruits Soy Bar, Yeo’s Soybean Milk, Bravo Season Crispy Snacks( Bravo Season Dehydrated Fruits, Bravo Season Freeze-dried Fruits), Disinfectant – General Purpose, TW POP Salty Lime Soda TW POP, Alpro Barista Coconut (Alpro Original Almond, Alpro Original Coconut)

About Hong Kong Gold Coast, Gold Coast Piazza and Hong Kong Gold Coast Hotel

Located at the waterfront of Castle Peak Bay, Hong Kong Gold Coast is an accessible yet idyllic seaside retreat merely 30 minutes’ drive from the hustles and bustles of the city and the airport featuring a resort hotel, a premier private country and yacht club, a superb collection of luxury seaview apartments and villas, and an exciting outdoor shopping mall.

Situated by a beautiful marina and Golden Beach, Hong Kong Gold Coast spans hectares of lush greenery and landscape that offers a lifestyle embracing Nature Leisure Pleasure, attracting international and local visitors as well as friendly neighbouring communities attracted to the outdoors, sun and sand.

As part of the Gold Coast resort destination, Gold Coast Piazza is a scenic, European-style dining, entertainment and shopping mall in an open-air, pedestrian-friendly setting. Its romantic Mediterranean architecture and ambience is complemented by a terrace garden, waterfront promenade and the yacht marina, while a festive spirit pervades the piazza year- round with seasonal décor, activities and performances.

Its renowned repertoire of seaside and alfresco dining outlets, pub and coffee shops offers Vietnamese, Singaporean, French, Italian, Chinese and Western cuisine and casual comfort food. A wealth of amenities is also available including convenience store, supermarket and beauty and barber shops catering every need of visitors and residents.

Hong Kong Gold Coast Hotel is a beautiful beach resort offering tranquil tropical gardens with direct access to Golden Beach, providing the perfect setting for a dream wedding, a relaxing family holiday, a romantic getaway or corporate team-building events. Our 453 rooms and suites, including ten kid-themed rooms, feature views of the sea or the marina of neighbouring Gold Coast Yacht Country Club, offering a holiday indulgence in Nature. Leisure. Pleasure. as they enjoy the serene setting and genuine warmth of our service.

For more information, please visit:

www.goldcoast.com.hk

www.goldcoastpiazza.com.hk

www.goldcoasthotel.com.hk

Kerry Logistics Network Posts 30% Growth in Revenue Core Net Profit Increased by 33%

HONG KONG SAR – Media OutReach – 25 March 2021 – Kerry Logistics Network Limited (‘KLN’, the ‘Company’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for 2020.

Group’s Financial Highlights

  • Revenue increased by 30% to HK$53,361 million (2019: HK$41,139 million)
  • Core operating profit increased by 20% to HK$3,320 million (2019: HK$2,765 million)
  • Core net profit increased by 33% to HK$1,828 million (2019: HK$1,374 million)
  • Profit attributable to the Shareholders for 2020 was HK$2,896 million. Excluding the gain from disposal of two warehouses in Hong Kong in 2019, it represents a remarkable year-on-year growth of 58% (2019 normalised: HK$1,830 million)
  • Integrated Logistics (IL) business recorded a segment profit of HK$2,583 million (2019: HK$2,435 million), which represents an increase of 6%. The growth in IL segment profit was affected by the reduced profit contributed by lesser number of warehouses in Hong Kong compared with 2019. Should this impact be normalised, segment profit of IL business should have increased by 8%
  • International Freight Forwarding (IFF) business recorded a 64% increase in segment profit to HK$1,017 million (2019: HK$622 million)
  • Proposed final dividend of 23.8 HK cents per share, to be payable on Friday, 11 June 2021


William MA, Group Managing Director of KLN Group, said, “The COVID-19 pandemic has brought unprecedented challenges to everything from global public health to people’s livelihoods. The stop-and-go momentum of the global economy has caused severe disruption to the global supply chain. With human mobility severely curtailed, the role of logistics has become ever more paramount. Every link in the supply chain from sourcing and manufacturing to the distribution of finished products must still be maintained. Even as the pandemic forced millions of corporate employees around the world to work from home, our teams have been working tirelessly on the frontline, maintaining 24/7 services across some 150 international hubs to support various industries and sustain people’s daily lives. In 2020, thanks to the collective efforts of our colleagues and business partners, KLN Group achieved record growth in both revenue and core net profit, clearly demonstrating the Group’s resilience and capability to evolve through the pandemic.”

IL Growth Sustained


KLN Group’s IL division recorded a normalised segment profit growth of 8% in 2020, mainly driven by the strong performance in Hong Kong and Taiwan.

In Hong Kong, the IL division grew by 10% in 2020, benefitting from the rise in demand for home-delivered daily necessities, electronic goods and pharmaceutical logistics. The Hong Kong warehouse business contracted in 2020 compared with 2019 mainly due to the disposal of two warehouses in 2019 1H.

In Mainland China, the segment profit for the IL division bounced back in 2020 2H, offsetting the 37% drop in 2020 1H. This was due to the resumption of manufacturing activities, recovery of local consumption and the rapid growth of the e-commerce market in Mainland China.

In Taiwan, the IL business expanded by 19% year-on-year in segment profit, capitalising on the growth of semi-conductors and electronics manufacturing, the increasing demand in pharmaceutical logistics as well as the rise in e-commerce business. The robust performance of Science Park Logistics’ bonded operations was another driver for its growth.

In Asia, the IL business sustained despite severe lockdowns across the region, driven by the switch from consumer goods business to the essential supply sectors. The Group expanded its express business to the Philippines through the establishment of a joint venture company in 2021 Q1 in which the Group has a 51% interest.

IFF Thrived


The IFF division was the powerhouse of KLN Group’s business in 2020, accounting for 28% of the total segment profit, with its segment profit for the full year increasing by 64% year-on-year compared to a 40% growth in 2020 1H. The growth was mainly driven by a high global demand for pandemic-related goods as well as production and exports from Mainland China. It created the favourable conditions for the Group to capture opportunities from the unprecedented volatile global freight market, in terms of rates, capacity and equipment availability.

Kerry Apex recorded an increase in volume of 17%, strengthening its Trans-Pacific market position. It was the number one NVOCC from Thailand, Vietnam, Indonesia and Malaysia to the US, the number two NVOCC from Asia to the US for 2020.

Facility Portfolio Updates

In Mainland China, the 340,000-sq-ft chemical logistics centre in Cangzhou commenced operation in 2021 Q1. Construction of the 827,000-sq-ft logistics centre in Qingdao is expected to complete in 2021 Q2. The 1,043,000-sq-ft logistics centre in Guangzhou, the 305,000-sq-ft chemical logistics facility in Zhangjiagang, the 644,000-sq-ft hub and logistics centre in Zhuhai and the 545,000-sq-ft bonded logistics centre in Hainan are expected to complete construction in 2022.

Proposed Strategic Investment from S.F. Holding


On 10 February 2021, a Joint Announcement was made amongst S.F. Holding (acting through its wholly-owned subsidiary), the Company and Kerry Properties Limited, a Controlling Shareholder and substantial shareholder of the Company. Pursuant to the Joint Announcement, S.F. Holding will make a voluntary conditional cash offer to shareholders to acquire a controlling stake in the equity interest of the Company. The proposed transaction is subject to satisfaction of certain pre-conditions. These pre-conditions include certain inter-conditional special deals, including the disposals of certain Hong Kong warehouses and the Company’s Taiwan businesses, being entered by the Company with Kerry Holdings Limited, the substantial shareholder of the Company. If the proposed transaction does not proceed, these special deals also will not proceed.

William Ma concluded, “Scale and technological advances are crucial for any company in this industry to retain its competitiveness over its peers and drive changes in the global logistics arena. To this end, the proposed strategic cooperation with S.F. Holding will scale up KLN Group, extending its reach and enhancing its R&D capabilities. The Group’s performance in 2020 stands as testament to the capability in devising creative and efficient logistics solutions, which were in high demand when the global supply and logistics infrastructure suffered damage. KLN Group is prepared to seize any opportunity that may arise, as well as to enhance its value for stakeholders.”

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure investment.

With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$53 billion in 2020 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

CanAm’s Position as EB-5 Industry Leader Reaffirmed by Independent Audit

EB-5 regional center operator, CanAm Enterprises, continues to build on its track record of approved visas and repayment of capital.

 

HONG KONG SAR – Media OutReach – 25 March 2021 – CanAm Enterprises (CanAm) has built a solid reputation for delivering results for its immigrant investor clients over the past three decades, and for the third time, it has validated those results with a third-party professional audit of its accumulated track record as of December 31, 2020. Certified audit results evidence that an overwhelming 99%* of the USCIS adjudicated immigration petitions have been approved and that CanAm has repaid more than $1.8 billion to more than 3,600 EB-5 investor-families across all six of its EB-5 Regional Centers.

“At CanAm, we understand that an investment into the EB-5 program by each of our investor families is one of the most important decisions a family can make. We take very seriously our commitment and responsibility to be a trusted partner to our EB-5 clients and to doing everything we can to ensure their immigration aspirations and investment goals are achieved,” said CanAm President and CEO Tom Rosenfeld. “This is especially true now because of the uncertainty and anxiety caused by the COVID pandemic and its adverse impact on many businesses and personal investments. We hope that our investor families are reassured by the results of our recently completed audit, which indicates that, in spite of the economic hardships and unprecedented challenges caused by the pandemic, during 2020 CanAm repaid 100% and on-time more than $450 million in EB-5 loans from five (5) unique projects.”

CanAm commissioned an audit by the internationally recognized accounting firm of PKF O’Connor Davis, LLP to provide EB-5 investors and industry stakeholders with a credible, third-party verification of the accuracy and authentication of its EB-5 track record. PKF performed a comprehensive audit of several thousand CanAm investor records, cross-referencing USCIS-issued notices, bank statements, and related financial documents for every CanAm EB-5 investor who had a USCIS adjudication or scheduled investment repayment.

“We are very proud of CanAm’s leadership role and its ongoing practice of achieving new industry milestones,” said Mr. Rosenfeld. “To my knowledge, we have among the best track records in the EB-5 industry in both petition approval rate and repayment of capital. A track record like ours does not happen by accident; it is the result of hard work, attention to detail and a corporate culture that always puts the interests of our investor families first.”

CanAm strives to provide full transparency to its EB-5 investor clients. Please contact us if you would like a copy of the PKF audit results.

*Note: PKF was able to verify that the denials were unrelated to sponsored projects associated with CanAm’s Regional Centers.

About the EB-5 Program

The EB-5 Immigrant Investor Program (EB-5 Program) is administered by the United States Citizenship and Immigration Services (USCIS). The EB-5 Program provides qualified foreign investors with the opportunity to earn a permanent green card in return for investing $900,000 in projects located in high unemployment areas that create at least ten permanent full-time jobs for U.S. workers.

About CanAm Enterprises

CanAm is an integrated, multinational investment management firm that specializes in immigration-linked investment funds and private equity. With over three decades of experience, CanAm’s strategic approach to utilizing investor capital and managing risk has raised over $3 billion in private placement funds. Headquartered in New York City with offices in Shanghai, Beijing, Ho Chi Minh City, New Delhi, Dubai, Singapore, and Hong Kong, CanAm is proud to serve a domestic and international community of investors.

Laos Sets Goal to Restore Forest Cover to 70 Percent by 2025

Laos sets goal for 70 percent forest cover by 2025

The government of Laos has set a goal of restoring forest cover to over 70 percent by 2025, to ensure long-term environmental protection and reduce the risk of natural disasters.

JY Grandmark’s 2020 contracted sales increase by 13.1% y-o-y to approximately RMB3,523.6 million

Manifest Advantage of “Eco-friendly and People-oriented Property”

Contracted Sales Grow against the Market Trend

Actively Expand Land Bank and Seize Opportunities on Urban Renewal

HONG KONG SAR – Media OutReach – 25 March 2021 – JY Grandmark Holdings Limited, a property developer, operator and property management service provider based in the People’s Republic of China, is pleased to announce its annual results for the year ended 31 December 2020 (the “Year”).

The Group positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

During the Year, the Group’s revenue amounted to RMB2,347.1 million (2019: RMB2,402.8 million), representing a year-on-year(“yoy”) decrease of 2.3%. The Group’s annual profit amounted to RMB478.4 million (2019: RMB494.4 million), representing a decrease of 3.3% yoy. The Group’s gross profit amounted to RMB912.7 million (2019: RMB1,144.2 million), representing a decrease of 20.2% yoy. Core net profit amounted to RMB427.3 million (2019: RMB446.9 million), representing a decrease of 4.4% yoy. Profit attributable to shareholders amounted to RMB485.2 million (2019: RMB501.5 million), representing a decrease of 3.3% yoy.

Position as an “Eco-friendly and People-oriented Property Developer” favored by the market Contracted sales grew against the market trend

In 2020, the Group achieved positive growths in terms of development area, sales area and sales. The aggregated contracted sales of the Group amounted to approximately RMB3,523.6 million, representing a growth of 13.1% yoy as compared to RMB3,116.3 million in 2019. The aggregated sales area was approximately 351,000 sq.m. ,representing an increase of 38.7% yoy as compared to approximately 253,000 sq.m. in the previous year.

Due to the epidemic, projects of environment improvement and living space improvement were sought after, with five projects including JY Uniworld (景業壹方天地) in Zhaoqing, JY Gaoligong Town (景業高黎貢小鎮) in Tengchong, JY Grand Garden(景業雍景園) in Qingyuan, JY Mountain Lake Gulf(景業山湖灣) in Zhuzhou and JY Hot Spring Villas(景業瓏泉灣) in Conghua recorded satisfactory subscription results. JY Egret Bay (景業白鷺洲) located in Lingao County, featuring vacation products, won active subscriptions from those who wanted home upgrading and recorded ideal transactions. It verifies the correct prediction and the competitive advantages of JY Grandmark regarding market layout and product strategy.

Increased Land Bank to Accelerate Geographic Deployment

In 2020, the Group also actively expanded the land bank and acquired more high-quality lands in the existing markets with established brand effect. In the meantime, the Group focused on Yangtze River Delta, provincial capitals in central and western China and hotspot cities to seek opportunities. Throughout the year, the Group acquired a total of 12 lands via bidding in three hotspot provinces, Guangdong, Yunnan and Jiangsu, adding 1,141,000 sq. m. to the reserve development area. In the investment of lands acquired, the Group adopted the cooperation model for some projects and developed the projects in collaboration with strong real estate enterprises to improve the overall benefit. As at 31 December 2020, the total gross floor area of the Group’s land reserves reached approximately 4 million sq.m..

Good performance on operational indicators and credit rating gained recognition from the capital market

With the good performance of operational indicators and credit rating, the Group won the recognition of the capital market and further developed the financing and credit channels. In March 2020, the Group successfully issued US$150 million of senior notes with the coupon rate of 7.5%. In December 2020, the Group entered into a facilities agreement of HK$734 million with certain financial institutions. As of 31 December 2020, net gearing ratio was at an industry-low level of 16.9%, decreased by 30.2 percentage points from 47.1% as of 31 December 2019. The Group will continue to optimise the asset-debt structure and maintain adequate liquidity in the long-run.

Property management recorded strong operational indicators

During the Year, Zhuodu Property (卓都物業), the property management arm of the Group, recorded strong operational indicators: the chargeable area under management reaching 662,400 sq.m., representing an increase of over 210% yoy; the revenue reaching approximately RMB18.3 million, representing a growth of approximately 27.1% yoy. What is worth noticing is that in addition to the basic property management fees, approximately 30% of the revenue of the property management arm were sourced from other operational businesses, and innovative businesses will also become the revenue growth drivers that Zhuodu Property will focus to develop.

Hotel operations actively developed the market

Two Just Stay hotels seized the opportunity of stable epidemic development and consumption release, launched promotion activities in line with the trend and actively developed the market, thereby ushering in the “peak season” with high occupancy and recovering the operational loss caused by the pandemic. In 2020, Just Stay Hotel (廣州卓思道酒店) and Just Stay Resort (從化卓思道溫泉度假酒店) recorded an aggregate revenue of about RMB61.4 million and the operating results remained stable.

Strengthening urban renewal business with target land bank of 4 million sq.m.

Policies will open channels for such businesses as urban renewal. At present, the Group is actively studying the feasibility of several urban renewal projects, such as the core areas of Guangzhou and Foshan. The overall planning area is approximately 4 million sq.m., which is planned to be gradually converted in the future, thereby bringing rapid growth to the land reserve and results of the Group.

Mr. Michael Chan, Chairman and Executive Director of JY Grandmark said, “In 2020, the world’s economy has slowed down due to the impact of COVID-19. Amid the pandemic, China’s economy witnessed a turnaround and recorded a growth over the year, bringing a positive signal and confidence to the recovery of all sectors and the improvement of business environment. The Company responded promptly to the epidemic, strictly followed the government’s instructions to implement epidemic prevention and control and realised safe resumption of work. It also leveraged its core advantages. The Group sprinted to the business performance objectives with collective wisdom and concerted efforts, united to recover from the impact of COVID-19 and achieved a robust growth.”

“The Group anticipates that the overall domestic property market will trend positive in 2021: on the one hand, demands of objective nature in the property market will be further released as the consumption recovers, which will stimulate the sales volume; on the other hand, policies will open channels for such businesses as urban renewal, and property investment and development will embrace new opportunities and growth points. Furthermore, new turning points emerge in the consumption market after the epidemic, with the focus on location and price changing to the focus on integrated experience that covers multiple aspects including products, supporting facilities and property services. This change will bring opportunities to the Group’s position as an ‘Eco-friendly and People-oriented Property Developer’.”

“Looking into the future, the Group will seize the policy opportunities and follow the process of city planning and urbanisation to develop the urban renewal business in regions of high conversion and growth potential. Based on the business strategy of diversified development, the Group will strengthen the resource coordination in businesses of property development, property management, hotel and commercial operation, to maximise the productivity of business segments. The post-epidemic era highlights the advantage of ‘Eco-friendly and People-oriented Property’. By creating products with unique competitive advantages, the Group will improve the brand recognition and influence. In 2021, the Group will maintain the existing development advantages and improve the competitiveness to promote high-quality growth and rapid scale expansion, so that it will create greater value for owners and shareholders.”