Happy Chinese New Year!

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Happy Chinese New Year! HAPPY CHINESE NEW YEAR! 30 JAN 2014 The Year of the Snake - 2013 was full of excitement for Shun Tak. From property Company Overview to transportation, we hissed around the pitches and forked at the deals Stock code: 0242HK that would strategically enhance our portfolio. We believe we are Share Price: HK$4.50* in-line with the Black Water Snake prediction, where “black” and Market Cap: HK$13.49B “water” represents “wealth” that brings us fortune right from No of issued Shares: 2.997B the beginning till the end of the Year of Snake: USD400 Million *Closing price at 30 Jan 2014 7 years Guaranteed Notes, cash from the 29% sale of Nova City V, a jump in profit in our ferry business, etc.. We have also made partners in new projects. Can’t recall all of them? Let us review our achievements in this newsletter. IR Contact Property Tel: (852) 2859-3303 Fax: (852) 2846-1290 Hengqin Mixed Development Project Email: [email protected] (70% stake, GFA1: 131,089sm) Lotus Bridge Website www.shuntakgroup.com About the company Established in 1972, Shun Tak Holdings Limited ("The Group") (HKSE 242) is a leading In July 2013, Shun Tak is very delighted to be only 10 minutes away and proximity to new conglomerate in Hong Kong with the first non-Chinese owned company to attractions and amusement properties, our core businesses in transportation, successfully bid for a plot on the well-famed development (including retail, office, property, hospitality and Hengqin Island. We have then introduced serviced apartment and hotel) is ready to investments. It has a strong Perennial Real Estate Holdings Pte Ltd, also a capitalize the expected surge in tourism established presence in Macau, major shareholder of our project in activities. Our site is situated at a prime Hong Kong and South China. The Tongzhou (full article next page), as our Joint location with direct access to the port and Venture partner in January 2014. Hengqin, commercial facilities at the border bridging Group is listed on the Hong Kong as stated in the 12th Five-Year National Plan, Hengqin and Macau. The land parcel is to be Stock Exchange since 1973 and is the Special Economic Zone is positioned as a developed into an exemplary landmark currently a constituent stock of model for the cooperation among comprising office, hotel, commercial, and Hang Seng Mid-Cap Index, Hang Guangdong, Hong Kong, and Macau, serviced apartments. Planned completion Seng Corporate Sustainability creating a world-class tourism and date is 2017. Benchmark Index and MSCI HK commerce centre. With Cotai Strip being Small Cap Index. 1. Subject to authorities’ approval. Nova City Phase V (GFA: over 2,300,000sf: Residential 78%, Retail 22%) Shun Tak entered into a Joint Venture with interest through its subsidiaries. The Group China State Construction International retains full ownership of the retail mall in Holdings (“CSCI”) in August, 2013. the Nova City Phase V project, which is the For a consideration of approximately HK$2 only shopping mall in the Taipa district. billion, CSCI gained a 29% effective interest CSCI will continue to be the main contractor in the residential portion of the for Phase V, including the retail mall and the development, while the Group had 71% residential towers. Tongzhou Mixed Development Project 3rd Batch of (Phase II, 19.35% stake, GFA: ~426,000sm: Retail 66%, Office 20%, Residential 14%) Nova Park Sales Nova Park, the fourth phase of Shun Tak’s Nova City project, has launched and sold all the units in the 3rd batch within a day in November 2013. Being the largest residential community in Macau and a bellwether development in the Macau real estate market, we are confident in the launch of coming batches. So far, more than 70% of Nova Park is sold. ~HK$8,500/sf Shun Tak and our partners extended our site A.S.P for the 3rd batch of Nova in Tongzhou in April 2013, briefly after the Park, more than 30% increase announcement of Phase I (24% stake) in compared to the previous batch October 2012. Together, Phases I and II launched 7 months ago. comprise of 828,000sm of GFA with retail, office and residential components. The 12th Five-Year National Plan has strategically outlined to develop Tongzhou as the “New City” to support Beijing (sub-center of Beijing2). Conveniently 20 minutes away from Beijing CBD, government offices and companies are intended to be relocated in the new areas of Tongzhou. Infrastructure in Tongzhou has been greatly enhanced and the metro is already in use. Our project will transform the Great Canal Zone (as shown 20 minutes above) into a cosmopolitan area. Our site sits on top of the new subway interchange The Tongzhou District is only 20 station of S6 and M6 line and is at the major minutes away from the Beijing CBD bus interchange. Planned completion date is with subway and highway connection. late 2016. 2. Central Government website: http://www.tzxctz.com/En/T1/T22/ Dongzhimen Office and Hospitality Project (100% stake, GFA: 38,700sm: Office 55%, Hospitality 45%) In April 2013, Shun Tak has also announced anIn acquisitionApril 2013, Shunin Dongzhimen Tak has also District, announced an acquisition in Dongzhimen District, Beijing (East 2nd Ring) with RMB 1.29B. Beijing (East 2nd Ring). Situated within the Situated within the embassy area, the embassy area, the location is proximity to locationBeijing isAirport proximity Express to Beijing check Airport-in and ExpressDongzhimen check -subwayin and Dongzhimeninterchange subwaystation. interchangeThe building station will be. The used building for office will beand usedhospitality for office purposes. and hospitality The office purposes. market in TheBeijing office has market experienced in Beijing strong has rental experienced growth since 2010 while serviced apartments and strong rental growth since 2010 while hotels witnessed strong and growing serviced apartments and hotels witnessed occupancy rate. strong and growing occupancy rate. Year ofof 20142014 TheOffice buildings will be will ready be ready for rentals for rentals by 2014by 2014.. Transportation Hospitality TurboJet had a fare increment in the first half of 2013. The increase in ticket price and the merge between New World First Ferry brought HKD48M profit in the 2013 interim results. In June 2013, Shun Tak announced our partnership with Qantas and China Eastern Airlines with a USD66M investment in Jetstar HK. The equal third share in the low-cost carrier3 will allow Shun Tak to create an air-sea-land network that seamlessly connects the Pearl River Delta and facilitate the regional multi modal connections. The new airline intends to Shun Tak announced our first branded operating company –Artyzen citizenM Asia service destinations within 5-hour hotel management company, Artyzen Limited - to introduce and manage the radius. Hospitality Group Limited (“AHG”) in July rollout of the citizenM brand in Asia. 2013. AHG will develop a collection of its citizenM offers guests a modern luxury own luxury hotel brands catering to experience at an accessible price. different lifestyles. These brands will carry uniquely Asian DNA with offers and services relevant to the solidly growing travel markets such as China and the Orient. AHG will offer management solutions to hotel owners and developers, including Shun Tak’s own properties. In October 2013, AHG and citizenM hotels have set up a joint venture 3. Subject to regulatory approval. USD400 Million 7 years 5.7% Guaranteed No tes USD400 Million 7 years 5.7% Guaranteed Notes In order Into order fund to fundthe thenew new investments,investments, acquisitions and provide acquisitionsgeneral and working provide capital, general Shun working Tak has prudently prepared its capital,war Shun chest Tak inhas early prudently 2013. In prepared February its 2013, Shun Tak established war chesta USD1,000 in early million2013. Inguaranteed February medium2013, term note programme. Shun TakIn Marchestablished 2013, a theUSD1 7-,000year million5.7% guaranteed notes in an guaranteedaggregat mediume principal term noteamount programme. of USD400 million were issued In Marchunder 2013, the the MTN 7-year Programme. 5.7% guaranteed The bond price performs well notes inthereafter an aggregate reflecting principal the market amount confidence of in Shun Tak. USD400 million were issued under the MTN Programme. Bye Snake,Bye Hello Snake, Year of the HorseHello – 2014 Year of Wooden Horse – 2014 Snakes have good visions – so do we. Shun Snakes have good visions – so do we. Shun Tak has laid out Tak has laid out major projects to be our major projects to be our focus for the next few years. focus for the next few years. In the Year of Re-Launch of According to feng shui, the lucky elements in Wooden Horse of the Horse, Shun Tak will be giving less 2014, are Wood (“money”) and Fire (“career”). In 2014, we will be surprises but galloping towards executing Chatham Gate firing up our engines to completing our projects. It will be a our projects and ensuring quality delivery. The Chatham Gate project was re-launched in year for us to gallop towards executing and cashing in upon Also, watch out for our property launches in delivery. Also, watch out for our property launches in 2014: January 2014. Primly located in Hunghom, 2014: 1. Remaining units at Chatham Gate, Hong Kong. Chatham Gate gets very positive response 1. Individual homes at Chung Hom Kok, 2. Individual homes at Chung Hom Kok, Hong Kong. (as shown Hong Kong. from the market. A total of 31 units were below) 2. Remaining units at Chatham Gate, Hong launched in mid-Jan. It received more than 3. Remaining units at Nova Park, Macau. Kong. 400 subscriptions within a week, more than 4. Donzhimen office pre-lease.
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