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KWG Property Holding Limited Incorporated in the Cayman Islands with Limited Liability Stock Code: 1813

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KWG Property Holding Limited Incorporated in the Cayman Islands with Limited Liability Stock Code: 1813 KWG Property Holding Limited Incorporated in the Cayman Islands with limited liability Stock Code: 1813 Shanghai Chengdu Guangzhou KWG Property Holding Limited Beijing Suzhou Annual Report 2015 Build Home with Heart Create Future with Aspiration Annual Report 2015 www.kwgproperty.com ck.ng 04761_E01_Content_4C Time/date: 22-02-2016_19:49:15 Contents Corporate Information 2 Corporate Profile 3 Management Structure of the Group 4 Financial Highlights 4 Honours and Awards 6 Chairman’s Statement 8 Management Discussion and Analysis 12 Directors and Senior Management’s Profile 24 Corporate Governance Report 28 Corporate Social Responsibility Report 38 Report of the Directors 45 Independent Auditors’ Report 53 Consolidated Financial Statements 55 Projects at a Glance 143 Five Year Financial Summary 144 ck.ng 04761_E02_Corporate Information+Corporate Profile_4C Time/date: 22-02-2016_19:49:14 Corporate Information Directors Nomination Committee Principal Bankers Mr. Kong Jian Min (Chairman) Agricultural Bank of China Limited Executive Directors Mr. Tam Chun Fai China Construction Bank Mr. Kong Jian Min (Chairman) Mr. Li Bin Hai Corporation Mr. Kong Jian Tao Industrial and Commercial Bank (Chief Executive Officer) of China Limited Mr. Kong Jian Nan Bank of China Limited Mr. Li Jian Ming Registered Office The Bank of East Asia, Limited Mr. Tsui Kam Tim Cricket Square Industrial and Commercial Bank Mr. He Wei Zhi Hutchins Drive of China (Asia) Limited P.O. Box 2681 Standard Chartered Bank Grand Cayman KY1-1111 Independent Non-executive (Hong Kong) Limited Cayman Islands Directors Guangzhou Rural Commercial Bank Mr. Lee Ka Sze, Carmelo, JP Co., Ltd. Mr. Tam Chun Fai Shanghai Pudong Development Mr. Li Bin Hai Principal Place of Bank Co., Ltd. Business in Hong Kong China Minsheng Banking Corp. Ltd. Suite 7506, Level 75 China Guangfa Bank Co., Ltd. Company Secretary International Commerce Centre Mr. Tsui Kam Tim 1 Austin Road West Kowloon, Hong Kong Auditors Ernst & Young Authorised Representatives Principal Share Registrar and Transfer Mr. Kong Jian Min Legal Advisors Mr. Tsui Kam Tim Agent as to Hong Kong law: Royal Bank of Canada Trust Sidley Austin Company (Cayman) Limited Audit Committee 4th Floor as to Cayman Islands law: Royal Bank House Conyers Dill & Pearman Mr. Tam Chun Fai (Chairman) 24 Shedden Road, George Town Mr. Lee Ka Sze, Carmelo, JP Grand Cayman KY1-1110 Mr. Li Bin Hai Cayman Islands Website www.kwgproperty.com Remuneration Hong Kong Branch Committee Share Registrar Stock Code Mr. Tam Chun Fai (Chairman) Computershare Hong Kong Investor 1813 (Main Board of The Stock Mr. Kong Jian Min Services Limited Exchange of Hong Kong Limited) Mr. Li Bin Hai 17M Floor Hopewell Centre 183 Queen’s Road East Wanchai, Hong Kong 2 KWG Property Holding Limited ck.ng 04761_E02_Corporate Information+Corporate Profile_4C Time/date: 22-02-2016_19:49:14 Corporate Profile Founded in 1995, KWG Property Holding Limited (“KWG Property” or the “Company”, together with its subsidiaries, collectively the “Group”) is now one of the leading large-scale property developers in Guangzhou. Its shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (stock code: 1813) in July 2007. Since its establishment, KWG Property has been focusing on the development, sales, and management of high quality properties. Over the past 21 years, the Group has built up a comprehensive property development system well supported by a balanced portfolio offering different types of products, including mid- to high-end residential properties, serviced apartments, villas, office buildings, hotels and shopping malls. The Group has also extended its business scope from traditional property development and sales to the areas of asset management and property management. A strategic development framework has been formed, with Guangzhou, Nanning and Hainan as its hubs for South China, Suzhou, Shanghai and Hangzhou for East China, Chengdu for South-west China, Beijing and Tianjin for the Bohai Rim region, as well as Zhengzhou for Central China. The Group has always adhered to a prudent land bank replenishment strategy. Its current land bank is sufficient for the Group’s development in the coming 5 years. The Group will focus on the development of residential properties while seeking to deploy more resources for the establishment of a diversified property development portfolio in the future. In order to keep the profit portfolio steady, spread the investment risks and ensure the stable development, the Group will strengthen the residential properties as our main force by implementing a prudent growth strategy, while increasing the proportion of commercial properties, such as offices, hotels and high-end shopping malls, to be held in long-term. Annual Report 2015 3 ck.ng 04761_E03_Management Structure of the Group_4C Time/date: 22-02-2016_19:49:14 Management Structure of the Group Audit Committee Board of Directors • emphasis on a cohesive team and collaboration • clearly-defined division of staff and duties Remuneration Committee Chairman • nurturing talents and providing internal promotion Chief Executive Officer Nomination Committee Tendering Committee Chief Financial Officer President Office Guangzhou Company District General Manager Vice President Human Resources Division Hotel Commercial Division Chengdu Company District General Manager Risk Management Division Director Operations Management Division Suzhou Company City General Manager Legal Affairs Division General Manager Finance Resources Division Shanghai Company District General Manager Product Development Division General Manager Property Management Division Beijing Company District General Manager Landscape Design Division Hainan Company Customer Services Division District General Nanning Company Manager Marketing and Strategic Management Division Hangzhou Company City General Tendering Division Manager Tianjin Company City General Strategy, Brand and Land Bank Division Manager Financial Highlights Revenue Profit Attributable to Owners of (in RMB Million) the Company (in RMB Million) 3,272 3,416 6 7 2,750 ,6 10,466 9,468 9 10,123 2,406 8,340 2,103 11 12 13 14 15 11 12 13 14 15 4 KWG Property Holding Limited ck.ng 04761_E03_Management Structure of the Group_4C Time/date: 22-02-2016_19:49:14 Audit Committee Board of Directors • emphasis on a cohesive team and collaboration • clearly-defined division of staff and duties Remuneration Committee Chairman • nurturing talents and providing internal promotion Chief Executive Officer Nomination Committee Tendering Committee Chief Financial Officer President Office Guangzhou Company District General Manager Vice President Human Resources Division Hotel Commercial Division Chengdu Company District General Manager Risk Management Division Director Operations Management Division Suzhou Company City General Manager Legal Affairs Division General Manager Finance Resources Division Shanghai Company District General Manager Product Development Division General Manager Property Management Division Beijing Company District General Manager Landscape Design Division Hainan Company Customer Services Division District General Nanning Company Manager Marketing and Strategic Management Division Hangzhou Company City General Tendering Division Manager Tianjin Company City General Strategy, Brand and Land Bank Division Manager Financial Highlights Year Ended 31 December 2015 2014 2013 2012 2011 Revenue Profit Attributable to Owners of RMB’000 RMB’000 RMB’000 RMB’000 RMB'000 (in RMB Million) the Company (in RMB Million) CONSOLIDATED RESULTS Revenue 8,339,756 10,465,788 9,468,002 9,676,422 10,122,595 Profit attributable to owners of the Company 3,416,248 3,272,225 2,749,769 2,406,368 2,103,368 3,272 3,416 6 7 2,750 Earnings per share attributable to ,6 10,466 9,468 9 10,123 2,406 8,340 owners of the Company (RMB cents) 2,103 – Basic and diluted 115 112 95 83 73 CONSOLIDATED ASSETS AND LIABILITIES Total assets 79,681,417 71,547,015 61,590,384 48,864,460 44,586,303 11 12 13 14 15 11 12 13 14 15 Total liabilities 57,322,501 51,110,599 43,748,222 33,511,081 30,893,285 Annual Report 2015 5 ck.ng 04761_E04_Honours and Awards_4C Time/date: 22-02-2016_19:49:14 Honours and Awards Month Awards Awarding Institution Project/Branch January 2016 Most Culturally-influential Brand Yangcheng Evening News The Group Enterprise (Group) 2015 One of the Top 5 Real Estate Enterprises China Index Academy The Group with Strong Comprehensive Strength in South China 2015 Property Brand with Highest Commercial www.focus.cn The Group Value of the Year 2015 China Real Estate & Home Design Netease House, The Group Championship — Best Reputation Award Guangdong Real Estate Chamber of Commerce 2015 2015 Most Favourite Hotel of Celebrities Mag Premier Trip W Hotel Guangzhou in China December 2015 Top 10 Real Estate Enterprises in China Index Academy The Group Guangzhou by Market Shares December 2015 Outstanding Enterprise Award for www.xinhuanet.com The Group Corporate Social Responsibility December 2015 Property with Best Quality in Beijing The Mirror Beijing Apex/ Beijing Company December 2015 Best-selling Property in the Region www.focus.cn Beijing Apex/ Beijing Company November 2015 FZG Top Ranking Chart in China (Beijing) FZG360.com Beijing Company — Brand Developer May 2015 Financial Rewards Wuzhong District Suzhou Kaiwei Real Estate Government Development Limited March 2015 Advanced Units for Use and Kunshan Municipal Civil The Up Blue Town/ Management of Civil Defense Works Defense Bureau
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