ISP Holdings Limited — Interim / Quarterly Report 2015

Jan 7, 2016

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) FOR THE YEAR ENDED 31 DECEMBER 2015

The Group is pleased to provide a business update (unaudited) on its operations for the year ended 31 December 2015. The highlights are as follow:

INTERIORS AND SPECIAL PROJECTS

New contracts awarded

• For the year ended 31 December 2015, the Group recorded new contracts awarded of approximately HK$2,207.6 million, out of which approximately HK$1,984.2 million was recorded during the fourth quarter.

Outstanding workload

• As of 31 December 2015, the Group recorded an outstanding workload of approximately HK$2,874.6 million, a very substantial increase of approximately of HK$1,497.5 million from the end of last quarter.

Turnover

• For the year ended 31 December 2015, the Group recorded a turnover of approximately HK$1,681.3 million, out of which approximately HK$496.3 million was recorded during the fourth quarter.

PROPERTY AND FACILITY MANAGEMENT SERVICES BUSINESS

Service contracts on hand

• As of 31 December 2015, the gross floor area under management was approximately 12,200,000 sqm.

Turnover

• For the year ended 31 December 2015, the Group recorded a turnover of approximately HK$764.0 million.

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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 year ended 31 December 2015 with the objective of informing its shareholders and potential investors of the Group’s operational progress and performance.

INTERIORS AND SPECIAL PROJECTS

1. New contracts awarded

For the year ended 31 December 2015, the Group recorded new contracts awarded of approximately HK$2,207.6 million, out of which approximately HK$1,984.2 million was recorded during the fourth quarter.

Major contracts awarded to the Group during the year ended 31 December 2015 include:

	Contracts	Clients	Awarded in
1.	Renovation Works to G/F Lobbies, Drop- off areas and Public Areas of ATL Logistics Centre A & Centre B, Hong Kong	ATL Logistics Centre Hong Kong Limited	Fourth quarter
2.	Alternation and Addition Works of Pakpolee Commercial Centre at Sai Yeung Choi Street, Mong Kok, Hong Kong	Jones Lang LaSalle Limited	Fourth quarter
3.	Residential Development at Discovery Bay North Phase 16, Hong Kong	Hong Kong Resort Company Limited	Fourth quarter
4.	Fitting-Out Works of M+ at West Kowloon Cultural District, Hong Kong	Hsin Chong Construction Company Limited	Fourth quarter
5.	Fortune Pharmacal New Factory Development at 50-68 Wang Lok Street, Yuen Long Industrial Estate, Yuen Long, Hong Kong	Fortune Pharmacal Co. Ltd.	Fourth quarter
6.	Renovation Works, Alternation and Addition Works to Food Street and Canopies at Causeway Bay, Hong Kong	Hang Lung Project Management Limited	Fourth quarter
7.	MUJI Hong Kong – Harbour City Store Renovation Project	MUJI (Hong Kong) Company Limited	Third quarter
8.	Alteration and Addition Works of Existing Transformer Room “L” and Shops 304-306 at B1/F to G/F of Gateway II at Harbour City, Canton Road, Hong Kong	Harbour City Estates Limited	Third quarter

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	Contracts	Clients	Awarded in
9.	Proposed Residential Development at No. 28-32 Aberdeen Street, Hong Kong	Joint Rise International (HK) Limited	Third quarter
10.	Fitting-Out Works at 49/F, One Exchange Square, Hong Kong	VMS Investment Group (HK) Limited	Third quarter
11.	Alteration and Addition Works at G/F, 1/F and 2/F at China Hong Kong City, 33 Canton Road, Hong Kong	Million Success Limited/Wide Harvest Investment Limited	Second quarter
12.	Building Services Installation – Nominated Sub-contractor for the Proposed Alteration and Addition Works at 3rd Floor, Tropicana Garden, 110 Lung Cheung Road, Hong Kong	HK JEBN Assets Management Limited	Second quarter
13.	Renovation Works for G/F, 4/F and 9/F, Kee Wah Industrial Building, 666 Castle Peak Road, Hong Kong	Kee Wah Food Production Limited	First quarter
14.	MUJI Hong Kong – Hopewell Centre Store Renovation Project	MUJI (Hong Kong) Company Limited	First quarter

2. Outstanding workload

As of 31 December 2015, the Group recorded an outstanding workload of approximately HK$2,874.6 million, a very substantial increase of approximately of HK$1,497.5 million from the end of last quarter. Details of the outstanding workload are as follow:

	As of 31 December 2015 (HK$ million)	As of 31 December 2014 (HK$ million)	Change
Interiors and Special Projects	2,874.6	2,205.5	+30.3%

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3. Turnover

For the year ended 31 December 2015, the Group recorded a turnover of approximately HK$1,681.3 million, out of which approximately HK$496.3 million was recorded during the fourth quarter. Details of the turnover are as follow:

	For the year ended 31 December 2015 (HK$ million)	For the year ended 31 December 2014 (HK$ million)	Change
Interiors and Special Projects (Note)	1,681.3	1,111.3	+51.3%

Note: Turnover of Interiors and Special Projects and Property and Facility Management Services Business for the year ended 31 December 2014 have been restated to align with the classification of turnover of these two businesses for the year ended 31 December 2015.

PROPERTY AND FACILITY MANAGEMENT SERVICES BUSINESS

1. Service Contracts on hand

As of 31 December 2015, the gross floor area under management was approximately 12,200,000 square metres (“ sqm ”) (Hong Kong: 9,800,000 sqm, Mainland China: 2,400,000 sqm).

2. Turnover

For the year ended 31 December 2015, the Group recorded a turnover of approximately HK$764.0 million, details of which are as follow:

	For the year ended 31 December 2015 (HK$ million)	For the year ended 31 December 2014 (HK$ million)	Change
Property and Facility Management Services (Note)	764.0	795.0	-3.9%

Note: Turnover of Interiors and Special Projects and Property and Facility Management Services Business for the year ended 31 December 2014 have been restated to align with the classification of turnover of these two businesses for the year ended 31 December 2015.

The board of directors of the Company (the “ Board ”) wishes to remind investors that the business update for the year ended 31 December 2015 above is based on the unaudited management accounts of the Group which have not been reviewed or audited by the auditors of the Company.

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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 Joseph Choi Kin Hung Executive Director and Chairman

Hong Kong, 7 January 2016

As at the date of this announcement, the Board comprises Ir. Joseph Choi Kin Hung (Chairman), Ms. Brenda Yau Shuk Mee (Co-Managing Director), Mr. Terence Leung Siu Cheong (Co-Managing Director) and Mr. Lui Chun Pong 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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