About WHARF HOLDINGS Company

Wharf Group Limited (“Wharf”, stock code: 0004) was founded in 1886 and is the seventeenth registered company in Hong Kong. When Hang Seng Index was established in the 1960s, Kowloon Tong was included in the first batch of 30 companies. Over the years, the Group has been adhering to the concept of “creating tomorrow” and has demonstrated excellent management and execution capabilities. The Group's business includes investment properties, development properties and hotels throughout Hong Kong and mainland China. Other businesses include modern cargo terminals operating logistics infrastructure and the Hong Kong Air Cargo Terminal. The Group's portfolio of properties at the top of the mountain consists of rare and unique ultra-luxury properties, and continues to cater to the unique tastes and needs of our valued customers with top custom quality and craftsmanship. By the end of 2023, the Group's total land reserves amounted to 2.8 million square feet, of which about 600,000 square feet were located at the top of the hill. The projects to be developed include 1 Plantation Road, the Kowloon Tong residential project, the Kai Tak residential project (the Group holds 30% interest), and the Kowloon warehouse redevelopment project. In terms of mainland investment properties, most of the Group's land will generate reasonable returns over the next 20 to 30 years of leasing. The Group's series of international financial centers are all located at the heart of the local central business district. After years of expansion, with their superior location, careful planning and design, excellent retail management, and the clustering effect of gathering retailers and customers, the Chengdu International Financial Center and the Changsha International Finance Center have now become new landmarks of local trends. Due to market turbulence, the Group did not add new land investment in the Mainland after purchasing land for the last time in 2019. By the end of 2023, the Group's unsold land reserves for mainland development properties had dropped to about 1.4 million square meters. The Group manages 16 hotels in Hong Kong, mainland China and the Philippines, providing a total of more than 5,000 guest rooms and suites. Five are award-winning modern luxury brand Negro Hotels, while the other ten are luxury brand Marco Polo Hotels. Marco Hotel, leading a new lifestyle hotel brand, has also been launched. Its first hotel located in the International Financial Center in Changsha opened in November 2023. The Group owns and operates modern cargo terminals. The company is a major cargo terminal operator in Hong Kong and Shenzhen, and is also one of the founders of the Hong Kong Air Cargo Terminal. Both are important industries in which Hong Kong has maintained its position as an international trade and transportation hub over the past few decades. The concept of “creating tomorrow” in Jiulongchang also extends to the aspect of “encouraging society and enterprise together”. In addition to the “School Startup” program, a flagship project to optimize schools, which continues to grow, the Group also supports a series of public welfare projects, promotes the concept of “community and enterprise mutual encouragement”, and benefits people from different social strata in China and Hong Kong. The Group has also been committed to incorporating sustainability practices into our business to build a more sustainable future. The Group is well aware of the impact of climate change, strives to achieve the 2030 goals, minimize carbon emissions, and explore energy efficiency and renewable energy in operations. The Group has received many awards in recognition of the Group's performance in business and its enthusiasm for public welfare. The Group was awarded the 3rd highest fundraising agency by the Community Chest for the year 2022/23. It also maintained its position as a constituent stock in the Hang Seng Corporate Sustainability Index series, was rated AA+ by the Hang Seng Index ESG, and was awarded the “Ten Year+ Business Show Care” logo by the Hong Kong Council of Social Service.