Lai Sun Garment International : 2022-2023

Corporate Information

PLACE OF INCORPORATION

Hong Kong

BOARD OF DIRECTORS

Executive Directors

Lam Kin Ngok, Peter, GBM, GBS (Chairman) Chew Fook Aun (Deputy Chairman)

Lam Hau Yin, Lester

(also alternate director to U Po Chu) Lam Kin Hong, Matthew

U Po Chu

Independent Non-executive Directors

Chow Bing Chiu

Lam Bing Kwan

Leung Shu Yin, William

AUDIT COMMITTEE

Leung Shu Yin, William (Chairman)

Chow Bing Chiu

Lam Bing Kwan

NOMINATION COMMITTEE

Lam Kin Ngok, Peter, GBM, GBS (Chairman)

Chew Fook Aun (alternate to Lam Kin Ngok, Peter) Chow Bing Chiu

Lam Bing Kwan

SHARE REGISTRAR AND TRANSFER OFFICE

Tricor Tengis Limited

17/F, Far East Finance Centre

16 Harcourt Road

Hong Kong

INDEPENDENT AUDITOR

Ernst & Young

Certified Public Accountants

Registered Public Interest Entity Auditor

PRINCIPAL BANKERS

Agricultural Bank of China Limited

Bank of China Limited

Bank of Communications Co., Ltd.

The Bank of East Asia, Limited

China Construction Bank (Asia) Corporation Limited

Chong Hing Bank Limited

Dah Sing Bank, Limited

DBS Bank Ltd.

Hang Seng Bank Limited

The Hongkong and Shanghai Banking

Corporation Limited

Industrial and Commercial Bank of China Limited

Oversea-Chinese Banking Corporation Limited

Shanghai Pudong Development Bank Co., Ltd.

Standard Chartered Bank (Hong Kong) Limited

United Overseas Bank Limited

REMUNERATION COMMITTEE

Lam Bing Kwan (Chairman)

Chew Fook Aun

Chow Bing Chiu

Leung Shu Yin, William

COMPANY SECRETARY

Tse Pik Ha

REGISTERED OFFICE / PRINCIPAL OFFICE

11th Floor

Lai Sun Commercial Centre

680 Cheung Sha Wan Road

Kowloon, Hong Kong

Tel: [phone]

Fax: [phone]

AUTHORISED REPRESENTATIVES

Lam Kin Ngok, Peter, GBM, GBS

Chew Fook Aun

SHARES INFORMATION

Place of Listing

The Main Board of The Stock Exchange of Hong Kong Limited

Stock Code / Board Lot 191 / 1,000 shares

American Depositary Receipt

CUSIP Number:	50171P102
Trading Symbol:	LGRTY
ADR to Ordinary Share Ratio:	1:20
Depositary Bank:	The Bank of
	New York Mellon

WEBSITE

www.laisun.com

INVESTOR RELATIONS

Tel:	(852) 2853 6116
Fax:	(852) 2853 6651

Email: [e-mail]

Interim Report 2022-2023 • LAI SUN GARMENT (INTERNATIONAL) LIMITED

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The board of directors (the "Board") of Lai Sun Garment (International) Limited (the "Company") presents the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 31 January 2023 together with the comparative figures of the last corresponding period as follows:

Condensed Consolidated Income Statement

For the six months ended 31 January 2023

		Six months ended
		31 January
		2023	2022
		(Unaudited)	(Unaudited)
	Notes	HK$'000	HK$'000
TURNOVER	4	2,512,885	2,770,827
Cost of sales		(1,560,039)	(1,761,779)
Gross profit		952,846	1,009,048
Other revenue and gains		226,995	155,649
Selling and marketing expenses		(127,299)	(139,849)
Administrative expenses		(492,909)	(465,057)
Other operating expenses		(600,171)	(748,880)
Fair value (losses)/gains on investment properties, net		(916,052)	12,692
LOSS FROM OPERATING ACTIVITIES	5	(956,590)	(176,397)
Finance costs	6	(582,446)	(495,667)
Share of profits and losses of associates		(2,765)	2,079
Share of profits and losses of joint ventures		(30,711)	87,283
LOSS BEFORE TAX		(1,572,512)	(582,702)
Tax	7	(51,425)	(132,469)
LOSS FOR THE PERIOD		(1,623,937)	(715,171)
Attributable to:
Owners of the Company		(818,604)	(323,785)
Non-controlling interests		(805,333)	(391,386)
		(1,623,937)	(715,171)
LOSS PER SHARE ATTRIBUTABLE TO
OWNERS OF THE COMPANY	8		(Adjusted)
Basic and diluted		(HK$1.238)	(HK$0.522)

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LAI SUN GARMENT (INTERNATIONAL) LIMITED • Interim Report 2022-2023

Condensed Consolidated Statement of Comprehensive Income

For the six months ended 31 January 2023

	Six months ended
	31 January
	2023	2022
	(Unaudited)	(Unaudited)
	HK$'000	HK$'000
LOSS FOR THE PERIOD	(1,623,937)	(715,171)
OTHER COMPREHENSIVE (EXPENSE)/INCOME
Other comprehensive (expense)/income that may be reclassified to
profit or loss in subsequent periods:
Changes in fair values of financial assets at fair value through other
comprehensive income	1,945	(437)
Exchange realignments	(79,130)	287,764
Share of other comprehensive income/(expense) of associates	7,625	(805)
Share of other comprehensive income/(expense) of joint ventures	605	(2,613)
Release of exchange reserve upon deregistration/dissolution of
a subsidiary	(10,274)	(176)
Reclassification of reserve upon return of capital from a subsidiary	(13,511)	29,965
	(92,740)	313,698
Other comprehensive expense that will not be reclassified to
profit or loss in subsequent periods:
Changes in fair values of financial assets at fair value through other
comprehensive income	(8,587)	(17,537)
OTHER COMPREHENSIVE (EXPENSE)/INCOME FOR THE PERIOD	(101,327)	296,161
TOTAL COMPREHENSIVE EXPENSE FOR THE PERIOD	(1,725,264)	(419,010)
Attributable to:
Owners of the Company	(836,445)	(266,230)
Non-controlling interests	(888,819)	(152,780)
	(1,725,264)	(419,010)

Interim Report 2022-2023• LAI SUN GARMENT (INTERNATIONAL) LIMITED

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Condensed Consolidated Statement of Financial Position

As at 31 January 2023

		31 January	31 July
		2023	2022
		(Unaudited)	(Audited)
	Notes	HK$'000	HK$'000
NON-CURRENT ASSETS
Property, plant and equipment		6,727,310	6,881,760
Right-of-use assets		4,666,857	4,921,424
Investment properties		39,357,592	39,773,022
Film rights		16,688	19,162
Film and TV program products		61,861	61,174
Music catalogs		-	663
Goodwill		219,674	207,792
Other intangible assets		137,913	132,883
Investments in associates		362,738	312,172
Investments in joint ventures		6,562,340	6,826,143
Financial assets at fair value through other comprehensive income		1,710,898	1,719,499
Financial assets at fair value through profit or loss		1,041,332	982,368
Debtors	9	497,182	493,643
Deposits, prepayments, other receivables and other assets		759,155	723,789
Deferred tax assets		2,049	2,118
Pledged and restricted bank balances and time deposits		95,477	96,010
Total non-current assets		62,219,066	63,153,622
CURRENT ASSETS
Properties under development		5,974,233	5,578,110
Completed properties for sale		5,405,267	5,870,725
Films and TV programs under production and film investments		286,651	317,109
Inventories		81,980	59,612
Financial assets at fair value through other comprehensive income		-	115,813
Financial assets at fair value through profit or loss		23,985	120,452
Derivative financial instruments		-	25,473
Debtors	9	378,618	406,143
Deposits, prepayments, other receivables and other assets		910,884	774,279
Prepaid tax		102,356	140,467
Pledged and restricted bank balances and time deposits		1,509,494	2,493,403
Cash and cash equivalents		4,173,643	5,447,861
		18,847,111	21,349,447
Assets classified as held for sale		1,851	1,855
Total current assets		18,848,962	21,351,302

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LAI SUN GARMENT (INTERNATIONAL) LIMITED • Interim Report 2022-2023