Agile Group Boosts Diversified Development, Carrying Forward the New Three-Year Plan with Excellence
Increasing Transparency Through Frequent Interactions
Agile Group upholds the concept of “mutual communication for a win-win situation”. Subject to the requirements of Listing Rules and relevant laws, the Group maintains effective mutual communications and builds good relationships with investing community, thereby maintaining a high level of corporate transparency. Agile Group follows the principle of being accessible to keep investors abreast of timely corporate information, striving to provide investors with better insights into the Group’s business development. The valuable advice from investors would be one of the important considerations in facilitating the Group to map out the way forward.
During the year, the Group’s management and investor relations team actively organized and participated in various investor relations activities and met over 1,500 investors. These activities included interim and annual results press conferences, investor briefings and non-deal roadshows conducted in countries and cities such as Hong Kong, China, Singapore, Malaysia, the United Kingdom and the United States, reverse roadshow, corporate days and investor conferences organized by various investment banks and securities research companies, company visits, site visits and so on. The management had in-depth discussion with investors on the industry trend and responded proactively to investors queries on results, development strategies and so on. Besides, the Group regularly disseminates the latest operation information through announcements, press releases and company website in a timely and proactive manner. Currently, the Group has already established contacts with over 4,000 investors and analysts.
Creating Synergy by Excellence in Diversified Businesses
Agile Group implements the operating model of “focusing on property development, supported by a diversified range of businesses” and actively facilitates the development of the “Three-year Plan”, driving the solid growth of each business segment.
In 2019, the aggregated pre-sale value of the Group, together with the joint ventures and associates of the Group as well as property projects carrying “Agile” brand name managed by the Group amounted to RMB117.97 billion, representing an increase of 14.9% when compared with last year. The completion rate of pre-sale target reached 104%, with the pre-sale again exceeding RMB100.00 billion.
The Group diversified its land acquisition channels. The Group strategically obtained 42 new high quality projects through tender, auction, listing-for-sale, land application and equity acquisitions, further consolidating its foothold on property development business. The total planned GFA of the new land parcels was 10.90 million sq.m. The total consideration of the new land parcels was RMB47.20 billion.
During the year, the Group’s property management, commercial and environment protection businesses continued to capitalise on synergies. A-Living successfully made the largest mergers and acquisitions in the property management industry. Scale of hazardous waste treatment under environmental protection business also recorded outstanding performance and secured a leading position in the industry. Together with the satisfactory performance of other diverse businesses such as real estate construction management and commercial business, it shows that the unique operating model is effective in maximizing the value of the Group and leading the Group to new heights.
Maintaining a Rigorous Governance Mechanism
While Agile Group is committed to maintaining a high level of corporate governance by adhering to the principles of integrity, transparency, accountability and independence, the Board believes that good governance is essential for sustainable development and growth of the Group, enhancement of credibility as well as shareholders’ value. As such, with reference to the CG Code, the Board has adopted its own corporate governance policy which provides guidance on how corporate governance principles are applied in the Group, and the Board reviews corporate governance practices from time to time in light of the new regulatory requirements and the needs of the Group. The Board plays a major role in the supervision of corporate governance to ensure that the Group maintains a sound governance framework and the long-term sustainable Shareholders’ value.
Achieving Sustainable Development with the Brand Philosophy of “Lifestyle of a Lifetime”
Agile Group is dedicated to helping people pursue a better life. Following to the brand philosophy of “Lifestyle of a Lifetime”, the Group is determined to create a quality living environment through property development and its well-diversified businesses. Agile Group attaches great importance to the sustainable development of economic, environmental and social benefits during its operation, maintains a good level of corporate governance to protect shareholders’ rights and interests, implements the concept of green development to safeguard local ecological environment, creates occupational development opportunities to help employees realize their own values, keeps steady and healthy growth of main businesses to achieve joint development with suppliers, and makes active participation in community construction to assume corporate social responsibility.
Agile Group places particular emphasis on the protection of ecological environment under the principle of sustainable development. The Group has fully considered the all-cycle environmental impact of the real estate project. It took into thorough account the bio-diversity protection around the project premise and green construction opportunities during the design phase, made active use of prefabricated buildings and other green construction techniques to control pollution during the project construction process, and concentrated on and heightened the utilisation efficiency of resources and energy during the project operation process, in order to practice the green development concept in a continuous manner, sharing corporate social and environmental while striving for business successes.
