The turnover of the Company and the subsidiaries for the year ended 31 December 2008 was HK$1,707,919,000 (2007: HK$1,681,854,000), representing an increase of approximately 1.55%. Profit attributable to the shareholders was HK$144,596,000, representing a decrease of approximately 53.36% as compared with HK$310,037,000 in last year. Owing to the inclusion of an one-off non-recurring income from consultancy services with respect to securities investments in last year’s profit, in addition to the adjustments made in the fair value of assets this year, the profit performance was thereby affected.

Taking into account the uncertainties in the current global economy and market, the Company must adopt prudent strategy in retaining sufficient financial strengths and resources for development, therefore upon discussion, the Board of Directors recommends no dividend to be distributed for the year.