CONTENTS

Corporate Information

2

Management Discussion on Results

4

Other Information

39

Condensed Consolidated Income Statement

45

Condensed Consolidated Statement of Comprehensive Income

46

Condensed Consolidated Balance Sheet

47

Condensed Consolidated Cash Flow Statement

49

Condensed Consolidated Statement of Changes in Equity

50

Notes to the Condensed Consolidated Interim Financial Information

51

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CORPORATE INFORMATION

Honorary Chairman

Alan Chuang Shaw Swee

Directors

Albert Chuang Ka Pun, J.P.

(Chairman and Managing Director)

Richard Hung Ting Ho (Vice Chairman)

Edwin Chuang Ka Fung (Deputy Managing Director)

Ann Li Mee Sum

Candy Kotewall Chuang Ka Wai

Geoffrey Chuang Ka Kam

Chan Chun Man

Abraham Shek Lai Him, G.B.S., J.P.*

Fong Shing Kwong*

Yau Chi Ming*

David Chu Yu Lin, S.B.S., J.P.*

Tony Tse Wai Chuen, B.B.S., J.P.*

* Independent Non-Executive Directors

Audit Committee

Abraham Shek Lai Him, G.B.S., J.P.#

Fong Shing Kwong

Yau Chi Ming

Nomination Committee/

Abraham Shek Lai Him, G.B.S., J.P.#

Remuneration Committee

Fong Shing Kwong

David Chu Yu Lin, S.B.S., J.P.

Corporate Governance

Albert Chuang Ka Pun, J.P.#

  Committee

Edwin Chuang Ka Fung

Candy Kotewall Chuang Ka Wai

Chan Chun Man

Company Secretary

Lee Wai Ching

Independent Auditor

PricewaterhouseCoopers

Certified Public Accountants and

  Registered Public Interest Entity Auditor

22nd Floor, Prince's Building

10 Chater Road

Central, Hong Kong

Registrars

Bermuda:

MUFG Fund Services (Bermuda) Limited

4th floor North

Cedar House

41 Cedar Avenue

Hamilton HM 12

Bermuda

Hong Kong:

Tricor Standard Limited

Level 54, Hopewell Centre

183 Queen's Road East

Hong Kong

  • Chairman of the relevant committee

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CORPORATE INFORMATION (Continued)

Principal Bankers

The Hongkong and Shanghai Banking

  Corporation Limited

Hang Seng Bank Limited

Bank of China (Hong Kong) Limited

China Construction Bank (Asia) Corporation Ltd.

Nanyang Commercial Bank, Limited

Bank of Communications Co., Ltd.

Registered Office

Clarendon House, 2 Church Street

Hamilton HM 11, Bermuda

Principal Office

25th Floor, Alexandra House

  in Hong Kong

18 Chater Road, Central, Hong Kong

Telephone: (852) 2522 2013

Facsimile: (852) 2810 6213

Email address: chuangs@chuangs.com.hk

Website: www.chuangs-consortium.com

Singapore Office

245 Jalan Ahmad Ibrahim, Jurong Town

Singapore 629144

Republic of Singapore

Vietnam Office

Room 204A, 2nd Floor

Capital Place Building

6 Thai Van Lung Street, District 1

Ho Chi Minh City, Vietnam

Mongolia Office

Suite 1202A, Sunroad Office

No. 91 Narnii zam Street

1st Khoroo, Sukhbaatar District

Ulaanbaatar 14210

Mongolia

Stock Code

367

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MANAGEMENT DISCUSSION ON RESULTS

The board of Directors (the "Board") of Chuang's Consortium International Limited (the "Company") presents the interim report including the condensed consolidated interim financial information of the Company and its subsidiaries (collectively as the "Group") for the six months ended 30 September 2021. The condensed consolidated income statement, the condensed consolidated statement of comprehensive income, the condensed consolidated cash flow statement and the condensed consolidated statement of changes in equity for the six months ended 30 September 2021, and the condensed consolidated balance sheet as at 30 September 2021 along with the notes thereon, are set out on pages 45 to 70 of this report.

HIGHLIGHTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021

Business

  1. In May 2021, the Group has completed the disposal of the subsidiaries that held the Panyu property project in the People's Republic of China with an aggregate consideration of about RMB1,574.9 million (equivalent to approximately HK$1,896.7 million), and a net gain of approximately HK$1.04 billion (before deducting non-controlling interests of about HK$0.4 billion) was recorded during the period. The disposal represented a valuable opportunity for the Group to accelerate the return on this investment at a considerable profit and generate substantial cash inflow to the Group.
  2. Moreover, the Group has also disposed of Greenview Garden, the Vietnam project, to an independent third party for a consideration of about US$25.6 million (equivalent to approximately HK$198.9 million). The transaction was completed in May 2021 and a net profit of approximately HK$84 million was recorded during the period. This disposal has further strengthened the financial position of the Group.
  3. For ONE SOHO, the joint venture project at Mongkok, development is proceeding as scheduled. Site formation and foundation works have been completed, and superstructure works are in progress. Pre-sale consent of the 322 residential units has been obtained in April 2021 and pre-sale has commenced accordingly with satisfactory result. Up-to-date, a total of 184 units have been pre-sold at aggregate amount of about HK$1.3 billion. According to the current marketing and sales plan, the targeted total sales proceeds of the residential portion of this project are estimated to be about HK$2.3 billion.

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Chuang's Consortium International Ltd. published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 08:38:03 UTC.