Press Release
Realord Group Chairman Dr. Bryan Lin In Shenzhen CPPCC Symposium Proposes to Optimize the control points to facilitate Hong Kong-Shenzhen economic development
The four-day Shenzhen Lianghui ("Two Annual Sessions"), including The Fourth Session of the Sixth Guangdong Shenzhen Municipal Committee of the Chinese People 's Political Consultative Conference (also known as "Shenzhen CCPPC") and The Fourth Session of the Sixth Committee of Shenzhen Municipal People's Congress, was started from 15th January 2018. A symposium for the Shenzhen CCPPC members of Hong Kong and Macau affairs was held in the afternoon. 51 Shenzhen CPPCC members representing from Hong Kong & Macau participated in the symposium and made advises focused on the topics such as "Greater Bay Area (Guangdong, Hong Kong & Macau)" development, Shenzhen-Hong Kong transportation, Hong Kong-Zhuhai-Macao Bridge, and Shenzhen-Hong Kong medical cooperation, to the Shenzhen Government.
Shenzhen Municipal Party Committee Secretary Wang Weizhong, Mayor Chen Rugui, CPPCC Chairman Dai Beifang attended and listened to the suggestions presented by the Hong Kong & Macau members.
At the symposium, Dr. Bryan Lin, Member of Shenzhen CPPCC, and also Chairman of Realord Group Holding Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) advised to “optimize the land boundary control points to facilitate the Shenzhen-Hong Kong economic development and to help construct the Greater Bay Area”.
A screenshot captured from SZTV News on the Shenzhen TV's channel -
Dr. Bryan Lin Xiaohui, Shenzhen CPPCC Member & Realord Group Holding Limited Chairman (Right)
With the further enhancement of Shenzhen-Hong Kong's economic and trade development, the mutually beneficial economic and trade integration between two places have been forming. Also, because of urbanization, the environment of Shenzhen-Hong Kong boundary crossings should be smoother and more convenient.
Statistics given by the Shenzhen Government that the total passenger thoughput was 241 million people in 2017. with an increase of 0.81% over last year. However, there is still an improvement for the existing control points. Huanggang port, the only one 24-hour Shenzhen-Hong Kong land boundary control point, nowadays has reached about 80,000 daily passenger thoughput which exceeds the original design of the port with just daily load of 50,000 passengers. In addition, the traffic conditions at the Shenzhen Bay Port were yet improved and passengers still found inconvenient to access the port. Various goverment departments in Shenzhen have tried to make improvement, but only with the limited success.
Dr. Lin suggested that Shenzhen should optimize the facilities, Internal and external traffic of the control ports. It is proposed to stop the clearance policy for the vehicle passengers who take small vehicles with both Shenzhen and Hong Kong licenses carrying their baggages from cars to the ground for clearance checking. Moveover, constructing multi-storey parking lots or underground parking lots to ease traffic congestion, and expanding the restricted areas for parking and driving on the roads will improve the micro-circulation within the ports.
On December 12, 2017, Guangdong Province Public Security Department launched 18 measures including the implementation of the transit visa-free policy for foreigners in 53 countries, and the extension of length of stay from currently 72 hours to 144 hours. The second measure is to further expand the scope of visa-free. The port of entry will be expanded from the Guangzhou Baiyun Airport to the airport port of Shenzhen Baoan Airport. The new policy will be implemented in the first quarter of this year. Lin suggested Shenzhen should pay more attention to the implementation of this policy. "If implemented, it will certainly and greatly facilitate the efficiency of overseas personnel entering to the mainland China from Hong Kong. It will also help to attract more people, logistics, capital into Greater Bay Area seeking opportunities for development that will bring a new round of an investment boom," Dr Lin said .
Shenzhen Futian District General Chamber of Commerce Secretary of Party Committee Shi Youjun Visits Realord Group
On the 2nd January, Shi Youjun, Deputy Minister of Shenzhen Futian District United Front Work Department and Secretary of Party Committee of Shenzhen Futian District of Federation of Industry & Commerce and General Chamber of Commerce (Futian SZGCC), Vice Chairman of Shenzhen Futian District of Federation of Industry & Commerce and General Chamber of Commerce Wang Zhenyuan and Ye Zhen, Minister of Members Working Department visited Realord Group.
During the meeting, Dr. Bryan Lin Xiaohui, Chairman of Realord Group Holdings Limited briefly gave those visitors an idea of the Group's development and the latest information about "Realord Villas”, an indemnificatory housing project for corporate talents located in Longhua District, Shenzhen.
Shi Youjun showed her full affirmation to the Group's contribution in providing a land resource to construct housing units for the Futian District Government. Meanwhile, she introduced the current development of SZGCC, particularly its database covering economic statistics, government policies, academic research and talents information available for corporate members to use.
Dr. Lin, also known as one of the Vice-presidents of Shenzhen Futian District General Chamber of Commerce, expressed his sincere thanks to Futian SZGCC leaders' visit. The Group has always been keeping a close communication with SZGCC. Thanks to the resources provided by SZGCC, the Group's business network and environment have been broadened and improved. Dr. Lin looked forward SFGCC leaders' next visit to the Hong Kong headquarter.
About Shenzhen General Chamber of Commerce
The Shenzhen General Chamber of Commerce of Commerce is a mass organization of people's organizations and chamber of commerce organized by the Shenzhen business community led by the PRC government. It is a bridge between the party and the government in connection with the non-public sector of the economy and an aide in the government's management of the non-public sector of the economy. Shenzhen General Chamber of Commerce members include organization members, corporate members and individual members. Among them, the organization members include private enterprise associations and more than thirty industry associations. Grass-roots organizations include districts, sub-district district chambers of commerce and trade associations. The Shenzhen General Chamber of Commerce Members are characterized as flourishing talent lineup, powerful, full of vitality and fast development. As of September 2015, more than 20,000 SGCCC members have been registered.
Shenzhen Longhua District Municipal Committee, Head of United Front Work Department Zhan Huijun and Longhua District Committee of the CPPCC Vice President Yang Donghui visited Realord Group
On 11th December 2017, Zhan Huijun, Shenzhen Longhua District Municipal Committee & Head of United Front Work Department and Yang Donghui, Vice President of Shenzhen Longhua District Committee of the CPPCC took a lead to visit Realord Group's headquarter in Hong Kong. Realord Group Chairman Dr. Bryan Lin, Xiaohui arranged a meeting for those visitors.
Those who involved in the meeting included Zhang Gaopan, Executive deputy head of Longhua District Committee United Front Work Department and Longhua District Federation of Industry and Commerce (General Chamber of Commerce) Executive Vice President (Executive Vice President) ; Zhai Zhaohe, Director of Longhua District Committee of the CPPCC Hong Kong and Macao Friendship Committee; Xing Jiankun, Deputy Head of Longhua District Committee of United Front Department; Wu Lianxi, Longhua District, Vice President of Federation of Industry and Commerce, Chairman of Dongwu Group; Ye Jiajia, Shenzhen, Committee of Shenzhen MPC, Longhua District, Vice President of Longuha District Federation of Industry and Commerce, Vice President of Shenzhen Silver Star Investment Group; Nie Quan, Vice President of Longhua District Federation of Industry and Commerce, and Chairman of Shenzhen Liande Automation Equipment Co. Ltd; Liu Rihe, Vice President of Longhua District Federation of Industry and Commerce, Honorary Chairman of Hong Kong Guanlan Association, Shenzhen Tian Sheng Industrial Development Co. Ltd; Zhang Wenhai, Vice President of Longhua District Federation of Industry, Vice President of Longhua District Youth Enterprises Federation, Vice President of Shenzhen Yi Mei Furniture Industry Co. Ltd. On behalf of the Group, Su Jiaohua, CEO , Lin Xiaodong, Executive Director and Chan Chu Kin, CFO & Company Secretary participated in this event.
During the meeting, Dr. Bryan Lin, Xiaohui concisely introduced the Group’s businesses and property investment in Guanlan, Longhua District, namely the Talents Housing Project "Realord Villas". Since late November 2017, the flat in-take for tenants in Realord Villas has been commencing and the shopping center "Realord V City" and the retail stores are in planning. The Group currently owns two industrial properties in Guanlan, Longhua District. One is located at Zhangkengjing which is now applying for the change of its land use. The other one is located at Qiankeng which is for rental purpose.
After listening Dr. Lin's report, Zhan said that there is a strong connection between Realord Group and Longhua District, and he hoped that they are not only just communicated upon real estate or property investment, but also cooperated in real economy, industry or talents development. Also, the Group was expected to have more communication and exchanges with the Longhua District Government in the future.
CEO Madam Su Jiaohua pointed out the traffic congestion in Longhua District is getting increasingly serious where the parking facilities are in higher demand. In fact, the real estate enterprises are willing to construct multi-storey car park or underground parking lots. However, they eventally gave up to do so because of its high construction costs, low returns and other limitations. Therefore, Su suggested Longhua District Government consider to formulate relevant measures such as financing or subsidies to aid the enterprises for constructing those facilities. Vice President Yang Donghui agreed with that and would report such opinion to the Longhua District Government someday.
Dr. Lin Xiaohui thanked to the leaders of Longhua District and the fellows from Federation of Industry and Commerce for their coming and visit. He also thanked to Zhan's valuable guidances and suggestions which are realy helpful to the Group's development in Guanlan in the future.
Realord Receives China Securities Golden Bauhinia "The Best Listed Company" Awards
(November 30, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the Company receives the 7th China Securities Golden Bauhinia “the Best Listed Company” Awards.
China Securities Golden Bauhinia Awards acknowledge enterprises and managements with great performance and achievements, playing important roles in China capital market, and allow capital market and investors from all over the world to understand the development of excellent enterprises in China. Receiving the “Best Listed Company” Awards significates Realord has been catching attention from investors and media, especially the great performance in Company’s recent return for shareholders, profitability, financial securities, sustainable development, operation efficiency, company management and brand value etc. Also it represents the group’s effort has been acknowledged and will consolidate the Company’s future development direction, pace and its achievement for higher goals.
Dr. Lin Xiaohui (Middle), Madam Su Jiaohua (Left) and Mr. Lin Xiaodong (Right) appreciate the organizing committee of China Securities Golden Bauhinia Awards for their complement and acknowledgement to Realord.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses after receiving the awards "We appreciate the organizing committee of China Securities Golden Bauhinia Awards for providing us such a high quality platform to interact with leaders in the industry. We would also like to thank the organizing committee for their complement and acknowledgement to Realord. The success of the Company relies on the support of the Company team, clients, shareholders and investors, we will continue to maintain high efficiency and performance in company management and will seize any opportunity to create more value and contribute to the society.”
About China Securities Golden Bauhinia Awards
The 7th China Securities Golden Bauhinia Awards, organized by Ta Kung Wen Wei Media Group and co-organized by Beijing Listed Company Association, The Hong Kong Institute of Chartered Secretaries, The Hong Kong Chinese Enterprises Association, Chinese Securities Association of Hong Kong, Chinese Financial Association of Hong Kong and Hong Kong Securities Professionals Association, was held in Grand Hyatt Hong Kong. The Awards is one the most authoritative and creditable list company elections, aiming at complementing listed companies and managements with excellent performance in Hong Kong and China. The committee is constituted of different professional security institutions, with fair and strict election process.
Realord Group included into MSCI China Small Cap Index
(November 14, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the Group has been included as a constituent of China Index of MSCI Global Small Cap Index and removed from MSCI Hong Kong Small Cap Index under MSCI semi-annual index constituents review. Such changes will be in effect after market close on November 30, 2017.
MSCI Global Index is a stock index established by Morgan Stanley Capital International and differentiated according to industry, country and region etc., covering the globe. It picks constituents with reference to market value, trade volume, number of floating shares and shareholding ratio etc. Constituents admitted are mostly corporates with stable profit, development potential and competitiveness. Over 80% of the world’s fund managers take reference from MSCI Global Index in capital allocation and making risk management strategies.
The Group has been admitted as a constituent of MSCI Hong Kong Micro Cap Index in 2014 and a constituent of MSCI Hong Kong Small Cap Index in 2015.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses "MSCI Index Series are investment reference which attract world-wide attention. Being admitted as constituent of China Index of MSCI Global Small Cap Index has shown approval of investment institutions towards the performance of the Group and at the same time witnessed the Group’s growth in capital market. This is going to help the Group in seizing other investment and corporation opportunities. We will keep up the good work and strike for the best for our investors and shareholders.”
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Disposal of Commercial Printing Business Realord Concentrates Resources on Prospective Business Development in the Future
(November 13, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that on November 10, 2017, Realord has entered into a transaction agreement with Brilliant Gold Financial Limited (“Brilliant Gold” or “Purchaser”) in which Capital Financial Press Limited (“Target”), a wholly-owned subsidiary of the Group, including its all Sale Shares with approximately $5.34 million HKD and an amount of approximately $1.5 million HKD Sale Loan owing to the Group, will be sold to Purchaser for the consideration of approximately $6.84 million HKD totally. The consideration is to be satisfied in full in cash at completion.
Target is a wholly-owned subsidiary of the Group, principally engaged in commercial printing business including graphic design, providing translation and press conference service. The consolidated net assets value of the Target as at September 30, 2017 was approximately $6.27 million HKD. The commercial printing business is the second largest business segment of the Group in 1H2017, contributing approximately 18% of the total revenue of the Group. However, due to the inflating operating costs and the intense competition, the segment profit of the commercial printing business was diminishing. Regarding the limited business prospect, the Board has decided to dispose of the commercial printing business in order to concentrate resources on other more prospective businesses. The net proceeds from the disposal will be used as general working capital and will be funding future business development opportunities of the Group.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses "Disposing the commercial printing business helps the Group concentrate resources on environmental protection development and other businesses, the Group will continue in diversifying business development and seize any opportunities in promoting the Group to grow steadily and giving returns to the shareholders and investors.”
Appointment of Mr. Chan Chu Kin as the Chief Financial Officer and Company Secretary
(September 12, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce the appointment of Mr. Chan Chu Kin (“Mr. CK Chan”) as the chief financial officer and company secretary of the Company, and also the authorised representative of the Company pursuant to Rule 3.05 of the Listing Rules with effect from 12 September 2017.
The original chief financial officer and company secretary of the Company, Mr. Chan Ying Kay (“Mr. YK Chan”), has tendered his resignation due to his other commitments. Mr. CK Chan is appointed to take up the duties. Mr. CK Chan joined the Group in June 2017 and has over 15 years of experience in accounting and finance. Mr. CK Chan is a member of both the Certified Practising Accountant Australia and the Hong Kong Institute of Certified Public Accountants.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, expresses appreciation and gratitude to Mr. YK Chan for his contributions to the Company during his tenure of office and welcomes Mr. CK Chan on his new appointment. Dr. Lin believes that with the experience in accounting and finance of the new chief financial officer and company secretary, the Group will continue to diversify and consolidate the Group’s business, and seize market opportunities to strike for better achievement.
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Net Profit in Environmental Protection Business Recorded A Twofold Increase Realord Issues 750,000 Consideration Shares At HK$7.00
(August 31, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that as of 31 December 2017, Realord Environmental Protection Industrial Company Limited (formerly known as Top Eagle International Trading Limited), an indirect 60%-owned subsidiary of the Company, recorded Qualified Profit of amounted to approximately HK$29,257,000, increased by 95% of the expected profit HK$15,000,000. In accordance with the terms of the Acquisition Agreement, the Company shall as part of the Consideration allot and issue 750,000 Consideration Shares to Fortune Victory Asia Corporation (“Vendor”) or its nominee(s) within 10 Business Days.
Realord Environmental Protection Industrial Company (Realord Environmental Protection) and its subsidiary Tong Bao Renewable Materials Limited are mainly engaged in recycling, dismantling and sales of scrap materials, such as copper, aluminum, iron and plastic. Their operation base is located in Wuzhou Import Renewable Resources Processing Park of Guangxi Wuzhou City where has been approved as the "urban mining" demonstration base.
According to the 2017 interim report of the Company, revenue in environmental protection business recorded HKD 141.9 million with net profit of HKD 8 million. Moreover, Realord Environmental Protection has entered in an investment agreement with Wuzhou Import Renewable Resources Processing Park Management Committee on 8 June 2017. The investment, amounted to approximately RMB 350 million, includes setting up a new processing plant for recycling and production of aluminum ingots project with a target annual production capacity of 100,000 tonnes which means the current scrap material recycling business will be with a more value-added model and higher profit margin, and it also provides a favourable environment for the Group to further develop its business.
According to the agreement, the Company has completed the acquisition of Realord Environmental Protection with the Sale Shares at a maximum consideration of Sale Shares of HK$60,000,000, included HK$25,000,000 in cash and as to a maximum of HK$35,000,000 by way of allotment and issuance of up to 5,000,000 Consideration Shares by the Company at the issue price of HK$7.00 per Consideration Share. In accordance with the terms of the Acquisition Agreement, the Company shall allot and issue 750,000 Consideration Shares as part of the Consideration to the Vendor with Qualified Profit of Realord Environmental Protection is equal to or more than HK$15,000,000 for the financial year ended 31 December 2016; 1,500,000 Consideration Shares Qualified Profit of Realord Environmental Protection is equal to or more than HK$35,000,000 for the financial year ending 31 December 2017 and 2,500,000 Consideration Shares Qualified Profit of Realord Environmental Protection is equal to or more than HK$50,000,000 for the financial year ending 31 December 2018. The Company is not required to allot and issue any of the corresponding amount of the Consideration Shares under the respective tranches to the Vendor with Qualified Profit of less than the Target Profit for the Relevant Financial Year.
Domestic demand for metals increased significantly with the raising price, especially in copper and aluminum. The price of Copper futures has marked a new high in past two years. It is worth noting that the State Council has issued the "13th Five-Year Plan for Eco-Environmental Protection" to encourage the development of recycling industry in December 2016, so as to cultivate recycling and comprehensive utilization enterprises through the national "urban mining" demonstration base. On 27 July 2017, the State Council promulgated the "Implementation Plan to Enhance Solid Waste Import Management System by Prohibiting the Entry of Foreign Waste", which has strengthened supervision and management of solid waste importation, curbed smuggling and illegal importation of foreign waste, and abolished the importation qualification of some enterprises who do not have capability to utilize and process the wastes by themselves. The policies would promote industrial reformation and transformation, optimize the industrial structure, and improve the excess capability of the industry.
According to "China Renewable Resources Recycling Industry Development Report 2017" released by the Ministry of Commerce, as of the end of 2016, the total quantity of recycled scrap iron, steel, non-ferrous metals and other top ten renewable resources were increased by 3.7% to 256 million tonnes. The total quantity is expected to remain increase in 2017, and the price of renewable resources will be increased.
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