KWIH Creates Excellent Investor Relations with Solid Foundation and Steady Development
Great Emphasis on Stakeholders' Engagement
K. Wah International Holdings Limited ("KWIH" or the "Group") believes that efficient stakeholder engagement is an integral part of its governance. The Group maintains close communication with shareholders, investors and other stakeholders through its professional team, and discloses company information in a timely and accurate manner. As a constituent stock of Hang Seng Composite SmallCap Index, MSCI Hong Kong Small Cap Index and Hang Seng Stock Connect Greater Bay Area Composite Index, it is also a stock eligible for trading under the "Shenzhen-Hong Kong Stock Connect" program. KWIH has adhered to the core spirit of "Integrity and Accountability", while maintaining a highly transparent management and protecting the interests of stakeholders.
Diversified Channels for Effective Communication
KWIH complies with legal and regulatory requirements and maintains a high level of information disclosure, including issuing press releases, financial reports, and announcements on the company's website with the company's latest progress, development plans and business strategies, ensuring that they can effectively evaluate and make the best investment decisions. Shareholders, investors and stakeholders can also raise inquiries through mail, telephone, fax, emails and the forms on the website so as to deepen their understanding of the Group.
The Group adopts a proactive communication approach to provide investors with accurate, clear and comprehensive corporate information. Senior management has been actively participating in regular investor and analyst results conferences, site visits, investor relations conferences and roadshows in Hong Kong and overseas. The opinions collected during the meetings are reflected to the directors and other management of the Group so as to maximize the corporate value. In response to the ongoing COVID-19 recent years, some investor relations activities were held in the form of conference calls to maintain two-way communication with investors and stakeholders.
Maintaining Professionalism of the Management Team
KWIH has been upholding the highest standard of integrity and accountability to maintain the best corporate governance practices and protects the interests of stakeholders. The Board of Directors have been provided with regular updates on the latest changes on the relevant laws, rules and regulations, as well as continuous professional development training (including attending external forums, briefings and presentations on relevant topics) and related reading materials. This is to ensure that they are kept abreast of the latest changes in the commercial, legal and regulatory environment in which the Group operates, and keep their knowledge and skills updated in their roles, functions and responsibilities as directors of listed companies.
Committed to Promote Sustainability
KWIH has been paying attention to global trends and related impacts, and is committed to promoting sustainable development. The Group focuses on resource efficiency, green building and climate resilience while responsibly managing our environmental footprint. ESG Committee, co-chaired by the two Executive Directors, meets regularly to specifically identifies, assesses and analyzes sustainability and real estate-related risks through regular internal and external stakeholder engagements. The ESG Committee consolidates the findings and advises the Board on risks of strategic and financial significance. The prioritized risks together with proposed mitigation plans are discussed and endorsed at Board meetings. Appropriate risk mitigation actions are being taken to manage and control individual risks identified. The Group’s Environmental Policy is the overarching policy to guide their approach in managing environmental footprint. The Group has also set medium-term GHG emissions and energy reduction targets to create long-term positive value for stakeholders and the community.
In 2021, KWIH reached a new milestone in the sustainability journey by securing the first green loan, a RMB500 million facility with OCBC Wing Hang Bank (China) Limited. Moving forward, the Group will continue to leverage different sustainable financing measures to fund the development of the green buildings projects and to enhance climate resilience measures in existing properties.
Impeccable Quality Leads to Satisfactory Sales Results
In the 2022, Grand Mayfair, MTR Kam Sheung Road Station in Yuen Long, and Villa Garda, MTR LOHAS Park Station in Tseung Kwan O, were launched respectively in the second quarter. Both projects were well received by the buyers. 2 Grampian Road, the sole-owned project located in a traditionally prestigious residential area of Kowloon, offers five premium house units of over 4,000 sq. ft. each. The project is open to potential buyers for visit and it is launched as completed properties through tenders. In addition, a number of joint venture projects will be launched, including Villa Garda III in Tseung Kwan O, and the two projects on Kai Tak old runway area.
In Mainland China, Navale, located in Pudong New District in Shanghai, was launched in June with all launched units being taken up on its debut. Sierra, the residential portion of Phase I of the Group’s mega comprehensive development project in Jianye District, Nanjing was first launched for sale in June. As of July, nearly all the units in the three launched blocks have been subscribed. The sales results of Hong Kong and Mainland China projects affirm to the market's confidence in the KWIH brand.
Backed by years of extensive experience, KWIH will continue to launch new projects adhering to the philosophies of "K. Wah Plus” and the persistence in delivering projects of impeccable quality. Meanwhile, the Group will replenish land parcels in an orderly manner and grasp any development opportunities in Hong Kong, the Yangtze River Delta and the Pearl River Delta regions to realize the Group’s vision for long-term and sustained business growth.