Chen Zhixin, the Chairman of CPPCC, Futian Shenzhen, He Bing, the Director of Office of CPPCC, Futian Shenzhen, and  Zhang Zhonghui, the Deputy Director of United Front Work Department in Futian Shenzhen visited Realord Group Holding Limited (HKEx stock code: 1196) on 29th April. Chairman Dr. Lin Xiaohui, Chief Executive Officer Madam Su Jiaohua and Chief Financial Officer Mr. Tsang Chin Pan, on behalf of the Group, arranged a meeting and touring for the Shenzhen Futian leaders.

During the meeting, Dr. Lin Xiaohui simply introduced the Group's businesses and development. Chen Zhixin and other Shenzhen Futian leaders expressed their concern about the Group's real estate development, especially the indemnificatory housing project 偉祿雅苑"Realord Villas" settled in Longhua New District in Shenzhen. Realord Villas is one of the Largest indemnificatory housing projects set up for enterprise talents in Futian district in Shenzhen. This villas offers 2,016 units which have long been sold out for the enterprise talents in Futian district. It is expected that housing delivery would be done within this year. The Group was in charge of all housing planning, construction contractors and other expenditures while the Futian District Government was responsible for implementing marketing arrangements and housing policy.

Madam Su Jiaohua believed that Shenzhen Municipal Government shall properly lend a hand to the industrial enterprises who were affected by the policy of "Old Land Renewal".

The Group CEO Madam Su Jiaohua believed that the indemnificatory housing projects are beneficial to the urbanization projects of "old land renewal" in Futian District and even Shenzhen. The development of Indemnificatory houses not only solves the problem of inadequate housing supply, but also effectively helps relieve the overcrowding problems and greatly improves citizen's living environment. More important, the enterprises involved in Indemnificatory housing project play a leading role who can solve the financing and other issues on their own, while Shenzhen Government doesn't need to worry about too much, and doesn't allot too much capitals into the projects. The Government only needs to implement the policy and gives assistance to those involved enterprises. However, some of the industrial companies would need to move away or terminate their business due to the "old land renewal". What's more their business operations, production, and earnings would be badly affected, In this regard, the Shenzhen Government had better set up a more sound policies or measures to assist those industrial companies so as to help them address the current operational difficulties, and balance both real estate and industry development during "old land renewal".