ISP Holdings Limited — Capital/Financing Update 2015

Jul 17, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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SYNERGIS HOLDINGS LIMITED 新昌管理集團有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 02340)

VOLUNTARY ANNOUNCEMENT

BUSINESS UPDATE (UNAUDITED)

The Group is pleased to provide a business update (unaudited) on its operations for the six months ended 30 June 2015. The highlights are as follow:

INTERIORS AND SPECIAL PROJECTS
Turnover
• For the six months ended 30 June 2015, the Group recorded turnover of approximately
HK$762.4 million
Major new contracts awarded
• For the six months ended 30 June 2015, the Group recorded major new contracts
awarded of approximately HK$24.0 million
Outstanding workload
• As of 30 June 2015, the Group recorded an outstanding workload of approximately
HK$1,587.9 million
MANAGEMENT SERVICES BUSINESS
Turnover
• For the six months ended 30 June 2015, the Group recorded turnover of approximately
HK$374.1 million
Service contracts on hand
• As at 30 June 2015, the gross floor area under management was approximately
13,500,000 square metres

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Synergis Holdings Limited (the “Company”, together with its subsidiaries, collectively, the “Group”) is pleased to provide a business update (unaudited) for the six months ended 30 June 2015 with the objective of informing its shareholders and potential investors of the Group’s operational progress and performance.

INTERIORS AND SPECIAL PROJECTS

1. Turnover

For the six months ended 30 June 2015, the Group recorded turnover of approximately HK$762.4 million, details of which are as follow:

	For the six months ended 30 June 2015 (HK$ million)	For the six months ended 30 June 2014 (HK$ million)	Change
Interiors and Special Projects	762.4	523.5	+45.6%

2. Major new contracts awarded

For the six months ended 30 June 2015, the Group has been awarded the following major contracts:

	Contracts	Clients	Location
1.	Renovation Works for G/F, 4/F and 9/F, Kee Wah Industrial Building, 666 Castle Peak Road, Cheung Sha Wan, Kowloon	Kee Wah Food Production Limited	Hong Kong
2.	MUJI Hong Kong – Hopewell Centre Store Renovation Project	MUJI (Hong Kong) Company Limited	Hong Kong
3.	Building Services Installation Nominated Sub-contractor for the Proposed Alteration and Addition works at 3rd Floor, Tropicana Garden, 110 Lung Cheung Road, Kowloon	HK JEBN Assets Management Limited	Hong Kong
4.	Filling Up of Voids at G/F, 1/F and 2/F at China Hong Kong City, 33 Canton Road, Kowloon	Million Success Limited/Wide Harvest Investment Limited	Hong Kong

The total contract sum of the Group’s equity share in these major new contracts amounted to approximately HK$24.0 million.

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3. Outstanding workload

As of 30 June 2015, the Group recorded an outstanding workload of approximately HK$1,587.9 million, details of which are as follow:

	As of 30 June 2015 (HK$ million)	As of 30 June 2014 (HK$ million)	Change
Interiors and Special Projects	1,587.9	1,276.7	+24.4%

MANAGEMENT SERVICES BUSINESS

1. Turnover

For the six months ended 30 June 2015, the Group recorded turnover of approximately HK$374.1 million, details of which are as follow:

	For the six months ended 30 June 2015 (HK$ million)	For the six months ended 30 June 2014 (HK$ million)	Change
Property and Facility Management Services	374.1	420.1	–10.9%

2. Service contracts on hand

As of 30 June 2015, the gross floor area under management was approximately 13,500,000 square metres (the “sqm”) (Mainland China: 2,500,000 sqm, Hong Kong: 11,000,000 sqm).

The board of directors of the Company (the “Board”) wishes to remind investors that the above business update for the six months ended 30 June 2015 is based on the unaudited management accounts of the Group which have not been reviewed or audited by the auditors of the Company.

Shareholders and potential investors of the Company are therefore advised to exercise caution when dealing in the shares of the Company.

By order of the Board of Synergis Holdings Limited Wilfred Wong Ying Wai Chairman

Hong Kong, 17 July 2015

As at the date of this announcement, the Board comprises Dr. Wilfred Wong Ying Wai (Chairman), Dr. Fan Cheuk Hung, Ms. Yau Shuk Mee (Acting Managing Director) and Mr. Terence Leung Siu Cheong as Executive Directors; and Mr. Stephen Ip Shu Kwan, Mr. Kan Fook Yee, Mr. Wong Tsan Kwong and Mr. David Yu Hon To as Independent Non-executive Directors.

• for identification purpose only

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