(Hong Kong, 31 January 2019) Emperor International Holdings Limited (“Emperor International”) (Stock Code: 163) hosted a celebration for the 2019 Chinese New Year today, and took some time to reflect the achievements from 2018 along with a forecast for the year of 2019. In attendance at the event were Dr. Albert Yeung, Chairman of Emperor Group; Mr. Alex Yeung, Executive Director of Emperor Group; Mr. Donald Cheung, Executive Director of Emperor International; and representatives from various real estate agencies.

Mr. Donald Cheung, Executive Director of Emperor International said, "We are grateful for the support from the market and industry in the past year. The latest luxury residential project located at Siu Lam, Tuen Mun, were well received by the market; seven houses have been sold since its launch last July with a total revenue of over HK$7.7 billion. The results were satisfactory and the sales progress for the remaining houses will be continued. Likewise, The Amused – the first boutique residential project with the Urban Renewal Authority located in Cheung Sha Wan has been completed and the handover process has started. The Group has been striving to capture good real estate investment and development opportunities. In the past December, the disposal of Inn Hotel Hong Kong at a cash consideration of HK$1,100 million will bring about HK$746 million gain to Emperor International for future investment and diversified development.

As for the development in Mainland China, the 28-storey high Emperor Group Centre, located at the commercial district of Beijing, was recently awarded with the “Six Star Super Class A Building” by the Beijing CBD (Beijing Central Business District). In rewards for its outstanding performance in many aspects such as building design to property management and future development. The award has once again enhanced the recognition of the Group in China’s market and paved the road for further expansion in Mainland China.”

Mr. Donald Cheung continued, "Looking ahead of 2019, in terms of residential sales, the Mosque Street residential project located at an exceptional part of the Mid-Levels is expected to be launched during the year, focusing on small- to medium-sized units that cater market demand. On the other hand, Tai Lam luxury housing project, in Tuen Mun, is also in progress; such project provides a total of 8 independent houses with a saleable area of approximately 3,000 to 5,000 square feet. It is expected to be launched in the second half of this year or early 2020. In terms of investment properties, the Group has three key projects that are about to enter the pre-leasing phase. The projects include property located at 75-85 Lockhart Road, Wan Chai; 4 Kin Fat Lane, Tuen Mun and 25-27 Oxford Street, London, England.

The 75-85 Lockhart Road Project, Wan Chai is conveniently situated near Wan Chai MTR Station. The reconstruction project is currently underway and will be transformed into a Grade A retail and office building. After the reconstruction, the 26-storey building with two-storey underground car parking will have a floor area of approximately 110,000 square feet and is expected to be completed in the third quarter of 2020.

The revitalization project of No. 4 industrial building located at Kin Fat Lane, Tuen Mun is also one of our key projects. The revitalization is currently in progress and it is expected to be completed in the second quarter of 2020. Upon completion, it will become a complex of office, retail and dining. It has a floor area of approximately 180,000 square feet and 12-storey high. With the ground and first floor as parking, the 2nd to 4th floor for retail and dining, and the 5th to 12th floor for office space. It is believed that it will become another landmark in Tuen Mun after its completion.

As for overseas development, 25-27 Oxford Street, London is also undergoing redevelopment. The property is located in the heart of London. While its historical aspect will be preserved; it will be transformed into a 9-storey Grade A retail and office space. It is expected to be completed by early 2020, with a gross floor area of approximately 20,000 square feet, among which consists of a retail area of approximately 4,000 square feet. The property will definitely bring stable and high quality returns to the Group in the future. "

The celebration was wrapped up by Mr. Alex Yeung, Executive Director of Emperor Group, presenting various awards to outstanding property representatives to show gratitude and encouragement.