Far East International : Interim Report (in

PLACE OF

INCORPORATION

Hong Kong

BOARD OF DIRECTORS

Executive Directors

Mr. Eric Todd (Chairman)

Mr. Sheung Kwong Cho

Independent Non-executive Directors

Ms. Kwan Shan

Mr. Wong Kui Shing, Danny

Mr. Mak Ka Wing, Patrick

COMPANY SECRETARY

Mr. Sheung Kwong Cho

AUDITOR

BDO Limited

25th Floor, Wing On Centre

111 Connaught Road Central

Hong Kong

AUTHORISED REPRESENTATIVES

Mr. Eric Todd

Ms. Kwan Shan

Mr. Sheung Kwong Cho

AUDIT COMMITTEE

Ms. Kwan Shan (Chairman)

Mr. Wong Kui Shing, Danny

Mr. Mak Ka Wing, Patrick

REMUNERATION

COMMITTEE

Mr. Wong Kui Shing, Danny (Chairman)

Mr. Mak Ka Wing, Patrick

Ms. Kwan Shan

NOMINATION COMMITTEE

Mr. Mak Ka Wing, Patrick (Chairman)

Mr. Wong Kui Shing, Danny

Ms. Kwan Shan

INVESTMENT COMMITTEE

Mr. Eric Todd (Chairman)

Mr. Mak Ka Wing, Patrick

Mr. Wong Kui Shing, Danny

Mr. Sheung Kwong Cho

PRINCIPAL BANKER

Hang Seng Bank Limited

The Bank of East Asia, Limited

REGISTERED OFFICE

Unit 904, 9 Floor, Wings Building 110-116 Queen's Road Central Central, Hong Kong Telephone: [phone] Facsimile: 2110 1159

Email: [e-mail]

SHARE REGISTRAR AND TRANSFER OFFICE

Computershare Hong Kong Investor Services Limited

Shops 1712-1716

17th Floor, Hopewell Centre

183 Queen's Road East

Wan Chai

Hong Kong

STOCK CODE

The Stock Exchange of Hong Kong Limited: 36

WEBSITE

http://www.0036.com.hk

Contents

Corporate Profile	2
Management Discussion and Analysis	3
Disclosure of Additional Information	9
Condensed Consolidated Statement of Profit or Loss and	12
Other Comprehensive Income
Condensed Consolidated Statement of Financial Position	13
Condensed Consolidated Statement of Changes in Equity	14
Condensed Consolidated Statement of Cash Flows	15
Notes to the Condensed Consolidated Financial Statements	16

This interim report is printed on environmentally friendly paper

CORPORATE PROFILE

FAR EAST HOLDINGS INTERNATIONAL LIMITED

Property	Investment in
Investment	Securities

100%

Gold Sky

Investments Limited

100%

100%

100%

51%

Coast Holdings

Gold Sky Property

Wings Property

Joy Ease Limited

Limited

Investment Limited

Investments Limited

2	FAR EAST HOLDINGS INTERNATIONAL LIMITED
INTERIM REPORT 2022

MANAGEMENT DISCUSSION AND ANALYSIS

Save as disclosed in this report, there have been no material changes in the development or future development of the Group's business and financial position since the publication of the annual report of the Company for the year ended 31 December 2021.

CORPORATE RESULTS

For the six months ended 30 June 2022 (the "Period"), Far East Holdings International Limited (the "Company", together with its subsidiaries, collectively, the "Group") recorded revenue of approximately HK$2.3 million (2021: approximately HK$18.4 million), representing a decrease of approximately 88% as compared to the corresponding period in 2021. The Group's loss for the Period attributable to owners of the Company was approximately HK$11.1 million (2021: profit of approximately HK$14.7 million). The total comprehensive loss of the Group for the Period was approximately HK$13.1 million (2021: total comprehensive income of approximately HK$21.3 million), which was mainly due to rental income from property investment of approximately HK$2.3 million (2021: approximately HK$18.4 million), and net loss on held-for-trading investments listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") of approximately HK$2.7 million (2021: net gain of approximately HK$13.2 million). The basic loss per share for the Period was 1.02 HK cents (2021: earnings per share of 1.35 HK cents).

BUSINESS REVIEW AND PROSPECTS

Business Review

The Group's core business continues to be in Hong Kong. The principal activities include property investment and investment in securities.

Property Investment

The portfolio of investment properties comprised of commercial units located in Hong Kong with a carrying amount of approximately HK$1,497.8 million (31 December 2021: approximately HK$1,497.8 million) as at 30 June 2022. The Group recorded rental income of approximately HK$2.3 million (2021: approximately HK$18.4 million) for the Period. Management will continue to review its portfolio of investment properties and seek for potential acquisition and/or disposal opportunities from time to time.

FAR EAST HOLDINGS INTERNATIONAL LIMITED	3
INTERIM REPORT 2022