Corporate Profile

Shun Tak Holdings Limited is a leading -based conglomerate with core businesses in the transportation, hospitality, property and investment sectors.

Shun Tak Holdings Limited was In its continuing effort to strengthen property development projects at established in 1972 and has been listed connectivity within the PRD, the Group several prime locations are in the on the partnered with China’s largest pipeline. In 2004, the Group expanded since 1973. The Group’s origin dates outbound travel agency, China its property investments back to 1961 when ferry service was International Travel Service Head through an agreement to acquire the inaugurated between Hong Kong and Office, to operate a cross-border coach development rights of a prime site for Macau following the grant of an service directly linking cities in mixed-use development in Nam Van. exclusive casino franchise by the Guangdong Province with Macau. In Subject to approval from the Gaming Macau Government to Sociedade de January 2006, the Group reached an Inspection and Coordination Bureau of Turismo e Diversões de Macau, S.A. agreement with strategic partners to Macau, a portion of the Nam Van (STDM). In a strategic move in 1999 to form a new Macau-based airline that complex will be leased to Sociedade de strengthen its shipping operation and will initially serve new destinations in Jogos de Macau, S.A. (SJM) for a expand market share, the Group mainland China and Asia. casino operation. The Group also successfully merged its shipping announced a joint venture with operation with that of CTS-Parkview In response to the growth of Holdings Limited to Holdings Limited. The combined entity economies in Hong Kong and develop another prime site on the is operated and managed by the joint Southern China in the 1980s, the NAPE waterfront in 2005. Nova Taipa venture company Shun Tak-China Group initiated a long-term program Gardens, the Group’s development Travel Shipping Investments Limited, of diversification, first into tourism- project in Taipa, is another major under the trade name “TurboJET”. related industries, such as hotels and residential development in Macau. restaurants, and then into real estate. In 2003, the shipping operation The Group was a pioneer in top-tier The Group had acquired in 1992 a launched an inter-regional traffic hotel services in Macau through its 5% stake in STDM, the enterprise that platform comprising a ferry service investments in the Mandarin Oriental has driven Macau’s dynamic network which links major Macau and the Westin Resort Macau. development for decades. In 2002, international airports in the Pearl River In Hong Kong, through its interests in with the objective to optimise its Delta (“PRD”). The enhanced network major commercial, residential and retail shipping operation and hospitality strategically transformed the Group’s property ventures, including The development in the long term, the shipping operation into an international Belcher’s and Liberté development Group formed a strategic shipping and multi-modal transportation service projects, the Group plays a prominent joint venture with STDM and increased link within the region. role in the Hong Kong property its consolidated interest in STDM to market. The Group also provides approximately 15.8%. STDM owns an The Group owns one of the largest quality property management services 80% equity interest in SJM, one of fleets of high-speed passenger ferries for more than 10 million square feet three gaming concessionaires which in Asia and is the only operator of of multi-functional residential, are licensed to operate casinos 24-hour ferry services between Hong commercial, industrial and hospitality in Macau. Kong and Macau. The fleet provides properties, including the Macau Tower passengers with fast, comfortable and Convention & Entertainment Centre. Today, with over 2,200 employees, reliable service between major cities Shun Tak is a leading listed in the growing network of PRD The Group currently owns one of the conglomerate with significant and destinations, including Hong Kong, largest land banks in Macau among diversified investments in Macau and Macau and Shenzhen. listed companies in Hong Kong and Hong Kong.

Shun Tak Holdings Limited Annual Report 2005