Press Release
"Hartman University Town and Resort" Project in Grenada wins 2021 OPAL
In December 2021, the Outstanding Real Estate Award London (OPAL) announced that the “Hartman University Town and Resort” Project in Grenada won the 2021 OPAL AWARD in category of property development / environmental, sustainable.
The OUTSTANDING PROPERTY AWARD LONDON (OPAL) 2021 was co-founded by Hossein Farmani, founder of Farmani Group, and art photographer Jesper Thomsen. It aims to recognize the efforts of talented international real estate developers, architects and interior designers who improve our daily lives through their practices and the well planned real estate and projects. The goal of the OPAL award is to recognize and appraise the one who makes contributions to mankind and architecture industry. The OPAL award is open to outstanding works from all over the world. The jury especially considers projects that are sustainable or provide innovative solutions for environmental protection. In recent years, it has become a benchmark award in the real estate development industry.
In this competition, the Hartman University Town and Resort in Grenada, designed by BAI Design International, which relies on the concept of "the unity of human and environment, people-oriented", combining the special ecosystem of Grenada and the Caribbean, fully integrating the original Caribbean island style, characteristic species reserve with the modern university science and technology education, and comfortable smart life mode to create a pleasant, beautiful and green and environmentally friendly outstanding real estate project!
Hartman University Town and Resort Project in Grenada, where the warm Caribbean sunshine and breeze are spilled from the semi-transparent dome of the teaching buildings to every single corner of the buildings. The environmental protection and energy saving system of the apartment makes full use of natural clean energy to provide daily life guarantee for every guest living there.
OPAL AWARD is another international blockbuster real estate award won by the Hartmann University Town and Resort Project following the TITAN Property Award, MUSE Design Award, Iconic World Award, and Architecture MasterPrize Award. It is also one of the few award-winning real estate development projects in Grenada, widely praised by local government officials and people from all walks of life.
The design of the entire university town is based on ecological priority, through wetland management, mangrove protection, quarry restoration and the protection of existing pigeon habitats and marine resources. Through the construction of the project, the ecological value will be maximized, new local landmarks will be established, and the life of the entire university community will be enriched, thereby bringing significant socio-economic and environmental benefits to the university city.
We believe that in the near future, the Hartmann University Town and Resort Project will surely become a shining pearl that illuminates the entire Caribbean region!
Ambassador and Extraordinary & Plenipotentiary of Embassy of Jamaica Antonia Hugh and Minister Counsellor of Embassy of Grenada Liu Chi visited Realord Group
(Hong Kong, 9 December 2021) Mr. Antonia Hugh, Ambassador and Extraordinary & Plenipotentiary of Embassy of Jamaica in People’s Republic of China and Mr. Liu Chi, Minister Counsellor of Embassy of Grenada in People’s Republic of China, visited the Realord Group. Dr. Bryan Lin, Chairman of Realord Group and Mr. Ma Chao, Chairman of Caribbean Education Industry Group Limited, introduced the main businesses of the group and the latest status of educational real estate investment projects in Latin America to the two guests. In addition to an in-depth discussions on those real estate projects in Latin America, the two ambassadors also introduced to the Group some investment projects related to urban gas, mineral development, infrastructure, wind and solar storage clean energy, smart grid, and new energy development in the Caribbean.
On December 2, 2021, Realord Group announced that the Deed of Gift that 70.5% of the shares of Caribbean Education Industry Group Limited held by Dr. Bryan Lin will be irrevocably undertaken to transfer to the Group. Caribbean Education Industry Group holds approximately 1.82 million square meters of an educational real estate development complex projects in Grenada, and lands with no less than 4 million square meters in the Republic of Panama, which will be planned as a comprehensive educational real estate project. This transfer will continue to expand the operating scale, market position and geographic coverage of Realord Group’s property investment, and at the same to develop new business segments in the future.
According to the "2021 International Education Exchange Open Report" released by the International Education Association IIE, mainland Chinese students have become the largest source of international students in the United States for 12 consecutive years. However, from 2020 to 2021, the number of Chinese college students will drop by 14.8% from the previous year.
The Blue Book of "China Study Abroad Development Report (2020～2021)" co-studied and compiled by the Globalization Think Tank (CCG) and the Development Research Institute of Southwestern University of Finance and Economics pointed out that self-funded is still in the main proportion of study abroad of Students in China. Thus, the trend of popularization of study abroad is more obvious. Despite the impact of the epidemic, travel may be temporarily suspended, but the willingness to go abroad to pursue high-quality education has not been substantially weakened. Due to factors such as Sino-U.S. relations, many Chinese student families have begun to consider choosing a country that is more livable and has a well-controlled epidemic.
Located in the Caribbean Sea, Grenada has been selected by National Geographic as one of the top ten travel destinations in the world. No global income tax, capital gains tax, and inheritance tax in there. It is one of the most open offshore investment centers in the world.
Caribbean Education Industry Group is committed to providing one-stop services for global overseas students and high-end European and American tourists from investment consulting, purchasing qualified units (or sharing), submitting citizenship applications, financing loans, tax planning, and overseas asset allocation and management.
In early 2021, the Hartman Group, a subsidiary of the Caribbean Education Industry Group, has invested in Grenada, a Caribbean country, by purchasing a large amount of lands and plans to develop a "Hartman University Town" project, which will integrate university living quarters, apartments, hotels, and resorts, as a comprehensive cultural tourism landmark education real estate project integrating with entertainment services. The project is expected to not only create job opportunities for the local area, but also inject new development impetus into Grenada and the Caribbean.
Hartman University Town is located in St. George, the capital of Grenada, adjacent to the international airport. Covering an area of 148 acres. It is developed by Hartman Education Enterprise Limited and is advanced communication with a US based university to establish a campus within the town provides a four-year curriculum, implementing the 2+2model, that is, studying in Grenada for two years, and then studying in the US for two years.
Hartman University Town is surrounded by mountains and waters, surrounded by dense tropical forests, dazzling Caribbean Sea and tranquil national parks. The plan adopts the concept of "people-oriented, harmony between human and environment", integrating environmental protection, ecology and humanities, providing comprehensive supporting facilities for academic research, experimentation, living and apartments, and it will become a pearl of education in the Caribbean in the future.
It is reported that the Hartman University Town and Resort Project in Grenada, together with its designer BAI Design International Limited, won the three platinum awards of Urban-Design, Conceptual and Property-Development of 2021 the Titan Property Awards, the highest selection of real estate design. In addition, this project also won 2021 ICONIC AWARDS, German and 2021 Architecture Masterprize, the United States, and 2021 MUSE International Creative Platinum Award.
Panama, which is also located in the Caribbean Sea in Latin America and about three hours' flight time from Grenada, is one of the earliest areas of Chinese immigrants over a 150 years history. There are 4.3 million people, on which approximately 6% of the population are Chinese. In order to improve the educational facilities and services for the local Chinese societies, Caribbean Education Industry Group plans to operate different levels of international school facilities such as kindergarten, elementary and middle school facilities in Panama, in which teaching Chinese, English and Spanish in parallel.
The Hartman University Town project was approved by the Grenada government in March 2021 and became a qualified citizenship by investment immigration project. According to public information, this project is also the only approved educational real estate project in the Caribbean Investment Immigration Program. According to the relevant laws of Grenada, invest at least US$220,000 into eligible projects approved by the government. The whole family, including spouse, children, parents, siblings, can apply for Grenada citizenship. At the same time, the subsidiary of the Caribbean Education Industry Group has also obtained the marketing agency license granted by the Grenada government and has become an officially recognized licensed marketing agency in Grenada, which can promote and Hartman University Town and resort projects around the world. According to the approval document of the Grenada government, the first phase of the Grenada government has approved the granting of quotas to nearly 4,000 families in the Hartman University Town project to apply for Grenada citizens. Based on an average investment of US$220,000 per household, the completion of the first phase of sales alone will bring up to US$880 million in revenue for the group. In addition to visa-free entry into China with a Grenada passport, there are more than 140 countries that exempt the passport or allow visas on arrival, including France, Germany, Italy, Switzerland, the United Kingdom, Singapore and other countries. For global business travelers who need to travel frequently and those who love to travel, having a Grenada passport will provide greater convenience for global travel. As long as you have a Grenada passport, you can apply for an American E-2 visa. The E-2 visa is for citizens of countries that have bilateral treaties with the United States. The E-2 visa has no schedule and no residency requirements. It is very suitable for investors who want to quickly start a business and live in the United States. In addition, the Ministry of Finance of Grenada announced the first half of the data of the Grenada Citizenship by Investment Program, and the investment in the Citizenship by Investment Program is on the rise. Statistics show that in the first half of 2021, Grenada received a total of 226 applications (176 in the first half of 2020), an increase of 28.4% over the same period last year.
In the first half of 2021, the total income of the citizenship by investment program was 119 million East Caribbean dollars, of which: real estate investment contributed 71 million East Caribbean dollars, the National Transformation Fund contributed 34 million East Caribbean dollars, and government expenses were 14 million East Caribbean dollars.
On August 18, 2021, the “Professional Wealth Management” (PWM) magazine under the “Financial Times” released its fifth annual report: “Global Citizenship Guide: 2021 Citizenship by Investment Project Ranking”, Grenada ranked the third. The four major pillars, including no residency requirements, efficient and clear application process, transparent and efficient due diligence process, which can include more affiliated applicants. The report stated: "Family inclusion, emphasis on due diligence, and enhanced supervision of real estate projects have become the future development trend of naturalization by investment projects."
Realord Group (1196.HK) was Granted “The Best Real Estate Development Award of Guangdong-Hong Kong-Macao Greater Bay Area” & Chairman Dr. Bryan Lin was Granted “The Outstanding Leader of Guangdong-Hong Kong-Macao Greater Bay Area”
(Hong Kong, 05 November 2021) – Realord Group Holdings Limited (“Realord Group” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) is pleased to announce that Realord Group was granted “The Best Real Estate Development Award of Guangdong-Hong Kong-Macao Greater Bay Area”, and Dr. Bryan Lin, Xiaohui, Chairman of Realord Group was granted “The Outstanding Leader of Guangdong-Hong Kong-Macao Greater Bay Area” in “The Leading 9+2 · The 2nd Greater Bay Area Navigation Award” Ceremony.
“The Leading 9+2·The 2nd Greater Bay Area Navigation Award” Ceremony and Development Forum was organized by Hong Kong Ta Kung Wen Wei Media Group, with aims to commend the outstanding enterprises, institutions, and individuals from Guangdong Province, Hong Kong or Macao that make a big contribution to the Greater Bay Area.
Realord Group has continued to deepen its efforts in the Guangdong-Hong Kong-Macao Greater Bay Area, actively responding to the government’s avocation to seize the opportunities of the Greater Bay Area and "Shenzhen to build a pioneering demonstration zone for socialism with Chinese characteristics" to carry out its businesses, such as property investment, urban renewal and indemnificatory housings development. Realord Group developed Realord Villas, an affordable housing project in Longhua District for corporate talents in Shenzhen. Later, Realord Group applied its own two properties in Longhua District and Nanshan District respectively to the government for launching “Guanzhang Electric Factory Urban Renewal Unit” and “Laiying Garden Urban Renewal Unit” to construct and develop indemnificatory housings in the Greater Bay Area.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group stated, “Realord Group has been actively participating in the development and construction of the Guangdong-Hong Kong-Macao Greater Bay Area, thanks to Hong Kong Ta Kung Wen Wei Media Group and the supporting organizations for their recognition and support of Realord Group. In the future, Realord Group will continue to fulfill its corporate social responsibilities, bring out the best to integrate into China’s development, contribute tothe Guangdong-Hong Kong-Macao Greater Bay Area development, and jointly build a better future for the Greater Bay Area!”
Sincere（00244.HK）Announces 1H2021 Results Gross Profit rose 11.4% year-on-year
The Sincere Company Limited (0244.HK, "Sincere" or the "Company") is pleased to present the unaudited condensed consolidated results of the Company for the six months ending on August 31, 2021. Thanks to the effective and continuous measures implemented by the management to control operating costs and reduce capital expenditures, in order to improve the Company’s operating performance and alleviate its liquidity risk. In the 1H2021, Sincere recorded comprehensive income of approximately HK$80.2 million and gross profit of approximately HK$40.6 million with an increase of 11.4% year-on-year; the company’s unaudited loss attributable to equity holders was approximately HK$60.6 million, compared with last year during the same period, with a decreased of 15.8%, while the net asset increased to approximately HK$91.9 million with 223.6% year-on-year.
During the period under review, the Group’s performance became stable with the number of confirmed cases for the COVID-19 maintained at a relatively low level. The department store operations continued to record revenue of HK$79.6 million, represented a drop by only 2.1% against the same period of last year. Together with the Group’s pro-active measures to reduce operating expenses and the rental concession obtained from landlords, the overall segment loss has been reduced to HK$47.5 million, decreased by 2.8% as compared to same period of last year. To maintain a healthy inventory level, continuing the clearance of previous season inventory is our major goal in this period. The inventory level further reduced from HK$42.9 million as at 28 February 2021 to HK$36.7 million as at 31 August 2021. As a result, provision for inventories decreased from HK$4.2 million in the same period last year to nil in current period.
Despite the surge of a new wave of COVID-19 cases driven by the hyper-contagious Delta variant globally, the confirmed cases for the COVID-19 in Hong Kong continued to maintain at a relatively low level. The foot traffic for our stores continues to recover. The management is of the view that the department store operations would continue to be challenging with the new norm that COVID-19 would not die out in short run unless most people get vaccination. The Group will take a cautious approach in its business planning to weather the current unfavourable environment. With the support of Realord as the new controlling shareholder of the Company during the period, the Group will carefully deploy its business plans in order to overcome the current adversity.
Founded in 1900, The Sincere Company Limited is one of the Hong Kong’s oldest and most respected retail groups. During 1930s to 1940s, Sincere was reputed as top of the four largest department stores in Shanghai. Currently, The Group has four department stores in Hong Kong located at Central, Mong Kok, Sham Shui Po and Tsuen Wan.
In June 2021, Realord Group Holdings Limited ("Realord Group") (SEHK Stock code: 1196.HK) completed an acquisition of Sincere and officially became the controlling shareholder. In August 2021, Sincere became the designated department store for the Miss Hong Kong Pageant 2021, and co-organized a number of related themed events. Sincere also actively explored new retail models such as e-commerce and live-streaming e-commerce, and successfully held the "A new journey for Sincere’s 100 years", a live-streaming e-commerce event with widespread attention. At the same time, Sincere’s profound experience in department store business and Realord Group’s commercial operations and property development continues to produce synergies. In October, the installation of the Sincere’s signage in Realord Commercial Building in Longhua District, Shenzhen was officially launched marking Sincere’s formal entry into Commercial and retail markets of mainland China again. In the future, Realord Group and Sincere Company will jointly deploy the department store business in Shenzhen and Hong Kong, further extending the business strategy to the Guangdong-Hong Kong-Macao Greater Bay Area. The Group believes that with the support of the Realord Group, the century-old Xianshi store will continue to rejuvenate.
Realord Group (1196.HK) was Included to FTSE Russell Global Equity Index Series
(Hong Kong, 20 September 2021) – Realord Group Holdings Limited ("Realord Group" or the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) is pleased to announce that the Group was included as a constituent of the FTSE Russell Global Equity Index Series (“FTSE GEIS”), following FTSE's most recent semi-annual review. The inclusions in the FTSE Global Small Cap Index, FTSE Global All-Cap Index (LMS) and FTSE Global Total-Cap Index (LMSµ) became effective after the close of business on September 17, 2021.
FTSE Russell is a global leader that provides index, analytics, and data solutions for investors worldwide. The FTSE GEIS provides a robust global equity index framework to evaluate the stock performance in the regional and global market. The series covers more than 7,400 securities in 46 countries and captures 98% of the world’s investable market capitalization.
Being included in the FTSE GEIS showing that the Group’s outstanding performance in the international capital market was firmly recognized, which will help to improve the Group’s reputation between investors from domestic and overseas. For a long time, Realord Group has adhered to the steady development strategy while exploring suitable strategic investment opportunities, all the business segments has steadily increased. For the six months ended 30 June 2021, the Group recorded a total revenue of approximately HK$445.4 million, representing an increase of 45.5% as compared to the same period in 2020, net profit increased 10.7% year-onyear to HK$53.1 million, and profit attributable to owners of the Company was approximately HK$47.4 million. The property segment and finance services segment achieved an obviously improvement, the Group's five investment property projects in Shenzhen are proceeding in an orderly manner, attributable to the enormously increase in net gain on fair value changes of investment properties, the property segment recorded a segment profit of approximately HK$313.9 million, representing an increase of 61.6% year-on-year. In terms of the finance services segment, the Group continuously provide more comprehensive financial services to its customers, such as placing agent and underwriting services as joint book runner of certain initial public offering projects, margin financing services as well as securities brokerage services. In the first half of 2021, the Group’s finance services segment recorded a segment profit of approximately HK$12.3 million, which increased 221% year-on-year.
CCTV interview: Realord Chairman says Qianhai and Hengqin are the accelerators for in-depth cooperation between Guangdong-Hong Kong, Guangdong-Macao and Hong Kong-Macao!
(September 18, 2021, Hong Kong) The Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai was inaugurated on 17th September, 2021. The organization, members and functions of the working department were announced, showing that the full implementation of the In-depth Cooperation Zone was accelerated. Reporters of CCTV-NEWS interviewed Shenzhen CPPCC Committee Member, Shenzhen Federation of Industry and Commerce Vice Chairman, Chairman of Futian District Federation of Industry and Commerce, Chairman of Hong Kong Taxi Drivers Association, Realord Group & The Sincere Company Chairman Dr. Bryan Lin. "Qianhai is an important platform for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area while Hengqin has its own characteristics and advantages. Thus the zone is an accelerator for in-depth cooperation between Guangdong-Hong Kong, Guangdong-Macao, and Hong Kong-Macao", he said.
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Sincere Chairman and CEO present prizes to Miss Hong Kong 2021 Pageant Winners
(September 16, 2021, Hong Kong) Sponsored by the Sincere Co., Ltd. (hereinafter referred to as "Since", stock code: 244.HK), Television Broadcasts Limited ("TVB")'s "Miss Hong Kong 2021" Pageant was broadcasted on September 12. An award ceremony hosted by Sincere was held in Sincere Tsuen Wan Shop. Realord Group Holdings Limited (hereinafter referred to as "Realord Group", stock code: 1196.HK) and Sincere Chairman Dr. Bryan Lin Xiaohui, and Realord & Sincere CEO, Ms. Suki Su Jiaohua presented prizes to the four "Miss Hong Kong 2021" Pageant winners.
Realord & Sincere Chairman Dr. Lin Xiaohui said: "This year is a special year. Sincerely continues to break through, particularly being a sponsor of TVB's "Miss Hong Kong". "Miss Hong Kong" pageant positions a prestigious reputation. Similar as "Miss Hong Kong", Sincere insists on selecting the best consumer goods, making breakthroughs, and being innovative. Both of two brands are quite compatible. We have been pleased by how well and successful Sincere and TVB have worked together."
Realord Group was elected as the Third Term of Vice President Unit of Shenzhen Futian District Charity Community
On 10th September, 2021, the third member meeting of Shenzhen Futian District Charity Community and the Futian District Charity Award Ceremonny were held in Futian Hall. Futian District Party Secretary Huang Wei, Futian District Party Committee Deputy Secretary and Acting District Mayor Zhou Jiang Tao, Chairman of the District CPPCC Li Shengwei, Deputy Director of the Civil Affairs Bureau Wu Yuanxiang, Member of the Standing Committee of the District Committee and Director of the District Government Office Lan Tao, Deputy Director of the Standing Committee of the District People's Congress and Chairman of the District Federation of Trade Union Zhang Hairong, and Deputy District Chief Meng Man attended the event. Witnessed by the Futian District Party Secretary and Deputy Secretary and other leaders, Realord Group was elected as the third term of Vice President Unit of Shenzhen Futian District Charity Community.
Realord Group has always adhered to the philanthropic virtues of giving back to the society, and insists shouldering its social responsibility. Realord Group & Chairman Dr. Bryan Lin Xiaohui have always been keen on charity and have donated more than 100 million hong kong dollars to society such as helping disadvantaged groups and the people in need.
