Realord Group Holdings Limited

Press Release

2022-10-01

Sincere Mall in Longhua District, Shenzhen holds grand opening Organizes different activities to celebrate the National Day (1 October 2022 – Shenzhen) Realord Group Holdings Limited (the "Company", together with its subsidiaries, collectively referred to as the "Group", stock code: 1196) and its subsidiary Sincere Department Store ("Sincere", stock code: 0244), the first Chinese-owned department store in Hong Kong, are pleased to announce that Sincere Mall, which is located in Realord Villas Shenzhen, successfully held a grand opening. Sincere Mall is located in Luhu Sub-district of Longhua District, Shenzhen, with around 30,000 square meters of commercial area, and total of 130 shops. It gathers different types of shops such as catering, education and training, supermarkets, and leisure and entertainment. The Grand Opening of Sincere Mall also coincides with the National Day of the People’s Republic of China. On this double festive day, from October 1, 2022 until October 7, 2022, Sincere Mall and the on-site merchants will jointly hold a "Festival Sales Week", to present a number of exciting activities for customers. Among them, customers can redeem movie tickets with receipts of certain amount as long as they spend in Sincere shopping Mall. Mr. Lin Xiaohui, Chairman of Realord Group said, “The Grand Opening of Sincere Mall marks a milestone for the company. In the future, this project will combine with the business advantages in property investment and department store retail to create an integrated commercial and residential complex which injects impetus into sustainable development of the Greater Bay Area. Also, the Group plans to develop a large trade city in the Caribbean and Latin American region and to introduce Sincere Store inside. Under the synergy effect, we believe that both can achieve more outstanding results in the future. “ Ms. Su Jiaohua, CEO of Sincere Department Store said, “Under the era of high consumption, shopping malls also require to be upgraded constantly to meet the needs of the customers. To adhere to our business objective, “serving with sincerity,” we will actively bring high quality products from all over the world and strive to provide our customers with satisfactory shopping experience.

2022-09-01

Sincere Department Store's "Nakamura Store" opened today (September 1, 2022 – Hong Kong) The Sincere Company Limited (HKSE Stock code: 0244), the first Chinese-owned department store in Hong Kong, officially launched to commence "Nakamura Store" which operates Japanese retail food business. The opening ceremony was held in Sincere Department Store Sham Shui Po Shop at Dragon Centre. Ms. Su Jiaohua, Chief Executive Officer of Sincere said, "Sincere Department Store is one of the classical and the most prestigious department stores in Hong Kong. It has always been committed to meeting customers' needs and providing quality services and a wide variety of products with affordable prices to maintain its leading position in the retail industry. "Nakamura Store" marks the first time that the Sincere Department Store has developed the Japanese food business and has reached a wider customer base with providing more food products, which will be a new starting point and a new driving force, and brings new opportunities and highlights to Sincere. "Nakamura Store" is a brand new brand offering over 800 popular Japanese food items, including Japanese eggs, rice, tofu, frozen meat, plum wine, ice cream, various snacks and Japanese frozen food delicacies. Rice from Hokkaido as well as Kagoshima Satsuma beef, to name only few. Nakamura is committed to strictly selecting high-quality fresh ingredients and providing high-quality daily necessities for customers.

2022-08-26

Realord Group Announces 2022 Interim Results Recorded Revenue increased by 31.0% YoY to HK$580 million (26 August, 2022 – Hong Kong) Highlights: Revenue increased by 31.0% to approximately HK$583.3 million. Profit Attribute to Owners of the Group increased by 8.3% to approximately HK$51.3 million The Latin America and Caribbean Segment recorded a segment result of approximately HK$576.2 million The Financial Services Segment recorded a segment result of approximately HK$17.0 million The Environmental Protection Segment recorded a segment result of approximately HK$12.0 million Basic earnings per share was 3.56 cents. Financial Highlights: For the 6 months ended 30 June HK$’000 2022 2021 Change Revenue 583,297 445,408 +31.0% Gross profit 137,783 132,439 +4.0% Profit for the Period 204,089 53,115 +284.2% Profit attributable to owners 51,275 47,356 +8.3% Basic earnings per share (HK cents) 3.56 3.29 +8.2% (26 August 2022 – Hong Kong) Realord Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) is pleased to present the consolidated results of the Group for the six months ended 30 June 2022 (“Period” or “1H2022”). During the Period, the Group recorded a total revenue of approximately HK$583.3 million, representing a year-on-year growth of 31.0%; Gross profit was HK$137.8 million, representing a year-on-year increase of 4.0%; Profit and Profit attributable to owners for the Period was HK$204.08 million and HK$51.27 million respectively, representing year-on-year increases of 284.2% and 8.1% respectively; Basic earnings per share for the Year was HK$3.56 cent. Business Review, Outlook and Corporate Strategy The principal activities of the Group during the Period included the Segments of Property, Financial Services, the Environmental Protection (“EP”), Motor Vehicle Parts (“MVP”), Commercial Printing, Hangtag, Department Store and the Latin America & Caribbean (“LAC”). The LAC Segment The Group owns a project (“Grenada Project”) comprising 3 lots of land with admeasurement 450 acres situated at the Mt. Hartman area in the parish of Saint George, Grenada. Grenada Project involves the development of a mixed property project consisting educational facilities, apartments for student, residential properties, hotel and resort facilities, commercial development and shopping facilities and in a longer plan university establishment(s) and related amenities. Through a Citizenship by Investment Programme of Grenada (“CBI Programme”), the Group is authorised by Grenada Government to raise capital from investors of the Project for funding the construction and development costs. Qualified investors of the real properties will be granted permanent Grenadian citizenship and a passport. The revenue generated from consultancy services under CBI programmer was HK$3.3 million in 1H2022 and the segment profit of LAC Segment was approximately HK$576.2 million, due to a fair value gain on the investment properties in Grenada. The Group is keen to leverage its experience in the Grenada Project to explore further investment opportunities around the Caribbean economic zone and Latin American region. The Group has further targeted to invest in four other Caribbean countries, namely Antigua and Barbuda, Saint Lucia, Saint Kitts and Nevis, and Dominica. The Group has identified four investment propositions to collaborate with the respective local governments to accelerate economic development of each country. These four areas include (i) the clean energy sector; (ii) the education sector; (iii) the tourism sector; and (iv) the retail sector The Group is identifying capable and competent business partners with significant track record to participate in the projects. Subject to the planning and the feasibility studies of the projects as well as the requisite approval by the respective local government, it is expected that the Group would kick off the projects in the Designated Caribbean Countries and the Republic of Panama in the near future. To this end, the Group has established a management and marketing team with offices in Beijing, Shanghai, Shenzhen and Hong Kong and established a local sales network in Vietnam, and the U.S. to implement the marketing strategies formulated for promoting the citizenship investment programmes and investment opportunities of each of the aforesaid countries. The Financial Services Segment The Financial Services Segment generated a revenue of approximately HK$63.1 million in 1H2022, representing a slightly decrease of 5.0% from the previous year. The decrease in revenue of the Financial Services Segment was mainly resulted from the decrease in services provided to its customers, including placing services and underwriting services for certain initial public offering (“IPO”) projects. The aforesaid effect was partially offsetted by the margin interest income, margin financing services and interest from the money lending. During the Period under Review, the segment recorded a segment profit of approximately HK$17.0 million. The segment profit was improved by decrease in commission expenses by approximately HK$2.3 million due to the decrease in placing services and decrease in provision for impairment losses on the loan receivables. The Financial Services Segment will continuously develop various investment products to meet the market’s demand. At the same time, the Segment is also proactively preparing to launch dark pools and US stock trading systems; and expand the sales and business teams to support our business development. Therefore, the Segment is expected to achieve stable business growth in the second half of 2022. The EP Segment With the steady growth of copper price and continuing increased scale and established suppliers’ network of during 1H2022, the EP Segment generated revenue of approximately HK$356.1 million, representing an increase of approximately 38.7%. The segment profit for the EP Segment in 1H2022 was HK$12.0 million. Looking forward, amidst the market uncertainties, the Group will continue to exercise extreme cautions in the operations of the EP Segment with a view to controlling operating costs, minimising the credit risk exposures, and expanding the customers base of the segments by strengthening their competitive edges among their competitors. The Group is looking into alternatives such as deploying additional operation points in Kyushu, Japan to meet the economy recovery after the COVID-19 pandemic for sustain growth of the EP business. Mr. Bryan Lin Xiaohui, Chairman of Realord Group said, “Grenada project has now initially achieved results and the Group believes the promising prospects in Latin America and the Caribbean Region. Thus we will actively utilise the market synergy to fortify our leading position of the Group in the region, in order to maximise the return to our Shareholders and Investors.”

2022-07-17

Taxi Drivers & Operators Association Chairman Bryan Lin was interviewed on Phoenix Satellite TV and he thanked the new Hong Kong government cares about the taxi industry (July 17, 2022, Hong Kong) Taxi fares in Hong Kong will be increased from today, and the average fare will be increased by about 15%. In this regard, Phoenix Satellite TV interviewed Dr. Bryan Lin Xiaohui, Chairman of Realord Group (1196.HK), Chairman of Sincere Company (0244.HK), and Chairman of Taxi Drivers & Operators Association. Regarding this fare increase, Dr. Bryan Lin said, first of all, he was very grateful to the new Hong Kong government for caring about the taxi industry. Taxi drivers are one of the most grassroots of Hong Kong society. This fare increase is the first time in four years. In fact, the industry began to apply for a fare increase with the government in 2018, and it has not been implemented, until today. It must be a good start for taxi drivers. I hope the government will conduct price reviews regularly in the future. According to Bryan Lin, there are currently more than 18,000 taxis in Hong Kong, with more than 60,000 taxi drivers serving about 1.3 million Hong Kong citizens every day. Under the current global inflation, the taxi industry It's not easy either. The income of taxi drivers is still lower than the average level of the driver industry as a whole. He believes that taxi practitioners hope to protect their rights and interests, combat the chaos of online “ride-hailing” services, and at the same time hope to manage car owners well, because taxi drivers need to pay rent buy their income still hasn't increased. Your browser does not support HTML video.

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2022-07-01

Xi Jinping's important speech aroused enthusiastic responses from Hong Kong society. Dr. Bryan Lin was interviewed by CCTV: it is an entrustment and expectation for Hong Kong (July 1, 2022, Hong Kong) The celebration of the 25th anniversary of Hong Kong's return to the mainland China and the inauguration ceremony of the sixth government of the Hong Kong Special Administrative Region were grandly held at the Hong Kong Convention and Exhibition Center on the morning of 1st of July 2022. Xi Jinping, General Secretary of the Chinese Communist Party, Chairman of the Central Military Commission, attended and delivered an important speech. Xi's important speech aroused enthusiastic responses from sectors of Hong Kong society. Dr. Bryan Lin, chairman of Realord Group (stock code: 1196.HK), the Sincere Company (stock code: 0244.HK), and Committee Member of Election Committee of Hong Kong Special Administrative Region, said in an interview with CCTV's "Xinwen Lianbo" that Xi Jinping's important speech is an entrustment and expectation for Hong Kong, which reflects the central government's concern, intention and confidence towards Hong Kong's future development. Maintaining prosperity and stability of Hong Kong is the aim of "One Country, Two Systems". In the 25 years since Hong Kong returned to the motherland, Hong Kong has ushered in new opportunities. "One country, two systems" has created unique business advantages for Hong Kong. Under the protection of the Basic Law, Hong Kong has become one of the freest economies in the world, while maintaining a simple tax system with low tax rates, which is very attractive to commerce. In the joint construction of the "Belt and Road" and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong, as an international financial, trade and shipping center, will have great prospects in the future. Standing at a new starting point, Hong Kong is ushering in a great opportunity to create greater glories. Supported by motherland, facing the world, giving full play to the institutional advantages of "one country, two systems", and adhering to "patriots ruling Hong Kong", Hong Kong will surely shine even more brilliantly. Your browser does not support HTML video.

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2022-06-29

250 taxis paraded with the national flag of China to celebrate the return, Lin Xiaohui: Hong Kong will definitely be more prosperous and stable (June 28, 2022, Hong Kong) With the coming of the 25th anniversary of Hong Kong's return to the mainland China, sectors from Hong Kong society held a series of celebration. The Hong Kong Taxi Drivers Association (hereinafter referred to as "HKTDA") held a taxi parade today. 250 taxis paraded with China's national flags and posters. Dr. Bryan Lin, Chairman of HKTDA, Realord Group (1196.HK) and Sincere Company (0244.HK), said: This year marks the 25th anniversary of Hong Kong's return to mainland China, and we share such a happiness. Since the implementation of the National Security Law and the improvement of the electoral system in Hong Kong, Hong Kong has ushered in a new situation from chaos to governance, from governance to prosperity. We believe that under the leadership of the central government and the new government, Hong Kong will be more prosperous and stable, and we Hong Kong citizens will be able to live and work in peace and contentment. Your browser does not support HTML video.

2022-06-27

CCTV News focuses on Hong Kong's technology innovation and development! Dr. Bryan Lin: innovation projects continues to emerge and technologies have been improving (June 27, 2022, Hong Kong) The development of innovation and technology is an important cornerstone of Hong Kong's future development and a key factor in establishing a new growth point for Hong Kong's economy. The development of innovation and technology in Hong Kong has been recognized and supported by the country. The "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan" issued in 2019 emphasized that Hong Kong should develop innovation and technology undertakings and cultivate emerging industries. In March 2021, the "14th Five-Year Plan" issued by China's Government clearly supports Hong Kong in building an international innovation and technology center. In September 2021, the "Comprehensive Deepening of the Reform and Opening-up Plan for Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" proposed to develop Guangdong-Hong Kong-Macao cooperation. A new type of research and development institution, an innovative technology cooperation management system, and promoting the connection of innovation chains between Hong Kong, Macau and the mainland.” Committee Member of Election Committee of Hong Kong Special Administrative Region, Realord Group (1196.HK), and the Sincere Company (0244.HK) chairman Dr. Bryan Lin said that promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a strategy which is personally planned, deployed and promoted by General Secretary Xi Jinping Under the guidance of the innovation-driven development strategy, the capital, technology, talents, information and other key elements in the Guangdong-Hong Kong-Macao Greater Bay Area have accelerated the circulation, and a number of major technological innovation projects have been emerging, and technological innovation capabilities have been continuously improved.

2022-06-15

The latest CCTV news report! Sectors from Hong Kong look forward to opening a new chapter and writing a new chapter. Bryan Lin Xiaohui: We are opening up an unprecedented new situation of good governance and good governance. (June 15, 2022, Hong Kong) On July 1, Hong Kong will celebrate the 25th anniversary of its return to China. Sectors of Hong Kong society expressed that in the future, they will firmly implement "patriots ruling Hong Kong", and ensure the stable and long-term practice of "one country, two systems" long-lasting. Under the leadership of the new SAR government, a further economic development is being promoted, giving full play to the advantages of "one country, two systems", and to open up Hong Kong's new horizons. Lin Xiaohui, chairman of Realord Group Holdings Limited (stock code : 1196) and The Sincere Company Limited (stock code : 0244) , said: On the occasion of the 25th anniversary of China's return to the motherland, Hong Kong is entering a new historical stage, and Hong Kong is opening up an unprecedented new situation of good governance. Your browser does not support HTML video.