Kowloon Development Company Limited 九龍建業有限公司 Kowloon Development Company Limited (Stock Code: 34) has been pursuing a three-tier development strategy

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1 Lei Yue Mun 2016 interim report 中期報告 Stock Code 股份代號:

2 Kowloon Development Company Limited 九龍建業有限公司 Kowloon Development Company Limited (Stock Code: 34) has been pursuing a three-tier development strategy in the Greater China region, with its core property business in the Hong Kong and Mainland China markets, and carrying out its Macau property business through its 73.4%-owned listed subsidiary, Polytec Asset Holdings Limited (Stock Code: 208). The Group is now well positioned in all three markets, with its attributable landbank of approximately 5 million sq m. It is committed to enhance its competitive advantages and to become one of the few listed companies in Hong Kong to have capacity to grow significantly in all three markets. 九龍建業有限公司 ( 股份代號 :34) 在大中華地區奉行三線發展策略, 核心業務為香港及中國大陸市場之地產業務, 並通過其擁有 73.4% 權益之上市附屬公司保利達資產控股有限公司 ( 股份代號 :208) 經營澳門地產業務 集團目前在區內三大市場作出卓越部署, 其應佔土地儲備約五百萬平方米, 並致力提升本身之競爭優勢, 目標成為少數能夠在三大市場取得顯著增長之香港上市公司之一 Artist s Impression of Lei Yue Mun Project (Hong Kong) 鯉魚門項目 ( 香港 ) 之電腦構想圖

3

4 David John Shaw (852) (852) David John Shaw 2

5 3

6 % 262,000 53,000 1,178,000 4,049,000 T + T1 525,000 13,000 4

7 % %

8 % % % 7.6% 40% % 60%

9 T + T1 P 7

10 Fulleagle Limited ,000,000 4,038 34,100 34, % ,900 5, % ,388 11,100 11, % ,240 29,200 29, % , , , % 8

11 135, ,000* 839,800* 49% , , , % ,100,000 2,000,000 1,851, % IIB 2016/ , , ,500 80% , , ,900 60% 2017/2018 4,020,743 1,600,000 1,093,200 50% 2016 P 68, , , % T + T1 T + T1 17, , , % 2017 * 35,

12 % 5.3% % 73.4% 28,900, % 50%26,800,000 21,300,000 6,900, ,800, % 10

13 T + T1 P

14 9,829,000,000 8,707,000,000 1,438,000,0008,391,000,000 1,570,000,000 8,259,000,000728,000,000 4,552,000,000 1,887,000, %61.0% 184,000,000 1,013,000,000 1,550,000, ,000,000 12

15 30,000,000 18,298,000,00015,000,000 1,106,000,0002,212,000,000 50% 1,931,000,000 13

16 3 2,760,097 1,759,214 (2,194,952) (1,092,163) 9,662 10, (8,644) (8,969) (95,591) (95,465) (120,036) (186,416) (55,790) (38,473) 8 (10,832) 301, , ,208 4(a) (66,105) (85,308) 4(c) 45,883 12,723 4(d) 70,685 59, , ,313 5 (36,074) (145,361) 298, , , ,046 7,920 14, , ,

17 298, ,952 (80,608) 1,258 (249,270) 95 (116,150) 1,282 (446,028) 2,635 (147,129) 493,587 (70,553) 476,343 (76,576) 17,244 (147,129) 493,

18 8 11,479,506 11,156, , , , ,389 12,277,613 11,976, ,504 49, ,865,601 12,114,871 3,107,891 3,140,725 1,891,957 2,137, ,329, , , ,244 30,635,374 30,430, ,528,068 16,273, ,449,584 1,495, ,225 29,760 64,285 56,209 15,000 15,000 1,569,872 1,176,439 17,661,034 19,046, ,424,855 6,173, , , , ,841 1,437,600 1,796, , ,144 8,922,441 9,072,910 8,738,593 9,973,666 39,373,967 40,403,980 16

19 13 3,298,775 5,587, ,253, ,803 8,390,908 6,910,458 21,953 23, , ,126 13,852,082 14,300,369 25,521,885 26,103,611 8,417,472 8,417,472 13,980,373 14,476,678 22,397,845 22,894,150 3,124,040 3,209,461 25,521,885 26,103,

20 8,417, ,259, ,471 11,229,907 22,838,573 3,240,614 26,079, , ,046 14, ,952 (2,125) 2, ,338 2,635 (2,125) 2, , ,343 17, ,587 (414,245) (414,245) (414,245) (5,895) (5,895) 8,417, ,257, ,893 11,291,708 22,900,671 3,251,963 26,152, , ,994 12, ,508 (83,488) (407,384) (490,872) (52,658) (543,530) (83,488) (407,384) 725, ,122 (40,144) 194,978 (241,643) (241,643) (241,643) (2,358) (2,358) 8,417, ,173, ,509 11,776,059 22,894,150 3,209,461 26,103,611 8,417, ,173, ,509 11,776,059 22,894,150 3,209,461 26,103, , ,979 7, ,899 (172,785) (188,747) (361,532) (84,496) (446,028) (172,785) (188,747) 290,979 (70,553) (76,576) (147,129) (425,752) (425,752) (425,752) (8,845) (8,845) 8,417, ,000, ,762 11,641,286 22,397,845 3,124,040 25,521,885 2,751,0002,696,

21 1,146,772 (689,222) (216,494) (4,573) (534,438) (20,267) 395,840 (714,062) 1,169,006 1,157,340 (2,419) 42 1,562, ,320 1,569, ,320 (7,445) 1,562, ,

22 (3) (2) 407(2) (3) 2 20

23

24 3 2,760, ,809 1,560, ,388 48,366 89, , ,786 98,100 1, ,149 (6,941) 28, (10,832) (10,832) 23,760 23,760 (51,584) (66,105) 334,973 45,883 45, ,685 14,887 55,798 1,759,214 1,261,101 91, , ,002 97, , ,668 (28,495) 2, ,790 8,096 22, , ,389 19,360 19,360 (46,028) (85,308) 636,313 12,723 12, ,690 14,461 45,229 22

25 3 46,573,131 8,218,309 12,550,316 10,611,738 12,901, ,582 1,661, ,921 15,000 1,569,872 24,484 48,296,408 1,891,957 1,864,601 27,356 3,172,176 1,751,803 1,420,373 48,142,902 8,849,947 13,976,353 10,901,324 12,558, ,411 1,220, ,244 15,000 1,176,439 26,305 49,476,890 2,137,106 2,109,334 27,772 3,196,934 1,800,709 1,396,

26 4 (a) 68,042 67,334 44,695 57,418 (38,246) (39,444) 74,491 85,308 (8,386) 66,105 85, % 1.78%1.46% 1.64% 5.50% 6.65%6.00% 6.77% (b) (157,211) (165,682) (169,388) (177,349) 12,177 11,667 25,188 50,404 (30,717) (14,366) 16,544,000 41,435,000 (c) 45,148,000 12,723,000 (d) 32,621,000 31,585,000 24

27 5 37,171 65,448 13,329 2,380 50,500 67,828 19,338 1,068 (33,764) 76,465 36, , % 16.5% 30% 60% 6 (a) (b) 290,979, ,046,000 1,150,681,275 1,150,681,

28 7 (a) , ,643 (b) , , ,911,802,0002,701,693,000 10,832,000301,389,000 13,639,000 84,326,000 26

29 9 PT + T1 P P P T + T1 T + T1 P P 569,819,000660,066,

30 10 12,915 12,915 11,888,763 13,800,534 2,618,435 2,451,423 7,955 8,808 14,528,068 16,273,680 12,915,00012,915,000 8,594,093,0009,739,770, ,262,352 1,880,510 64,811 28, ,693 14,244 15,386 2,341,653 1,925,957 40,136 36, , ,889 2,813,696 2,420,990 28

31 12 1,162,003 1,173,878 44,187 54, ,643 27,295 1,232,835 1,255,722 79,452 77, , ,355 4,204,033 4,232,069 6,424,855 6,173,

32 14 11,865,601 12,114,871 12,114,871 12,227,420 (249,270) (112,549) 11,865,601 12,114,871-10% +10% 5%551,045, ,111,000538,446,000551,509,000 30

33 15 30,190,000 68,016, ,105,688, ,847,0002,211,376,0001,181,694,000 50% 1,930,566,000 1,181,694, ,297,935,00015,409,144,000 15,000,00015,000, (a) (b) 22,277,000 24,884,000 (c) 219,500,000219,500,000 64,285,00056,209, ,179,000741,841,000 (d) 1,698,856,0001,848,053,000 1,444,000,0001,620,000,000 35,034, ,000, ,000,000 (e) 184,481, %

34 19 548,842,000564,417,000 48,504,00049,325,000 Caspi Neft TME 73.4% South AlibekCaspi Neft TME 12.5%12.5% 20% 20% 252,128,000303,492,000281,621,000332,135, ,135,000 80,355,00062,478,00070,144,000 32

35

36 A.2.1A.6.7 A.2.1 A B(1) ,700 70, , , , , B(1) 34

37 ,770, , ,047, % 830,770, % 2 830,770, , ,813, % 1,425, % 4 751, % David John Shaw 133,500 67, , % 180, %

38 2. 6 3,260,004, % 7 3,260,004, % 7 3,260,004, ,000,000 3,267,004, % 2,000, % 430, % (1) 1,150,681,275 (2) Intellinsight Holdings LimitedIntellinsight Ors Holdings LimitedOHLOHL (3) China Dragon Limited (4) (5) David John Shaw (6) 4,438,967,838 (7) 3,260,004,812Marble King International Limited (2) 36

39 XVXV ,016, % 2 Ors Holdings Limited 830,770, % 3 (1) 1,150,681,275 (2) 831,617,074 (2) (3) (2)Intellinsight XV

40 Plus

41 This interim report is printed on environmental friendly paper 本中期報告由環保紙張印製

Kowloon Development Company Limited Kowloon Development Company Limited (Stock Code: 34) has been pursuing a three-tier development strategy in the Gr

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