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FULFILLING DREAMS, ACHIEVING GLORY---China Overseas Holdings Limited Celebrates 30th Anniversary 2009-06-09

FULFILLING DREAMS, ACHIEVING GLORY---China Overseas Holdings Limited Celebrates 30th Anniversary 2009-06-09

Write: Waneta [2011-05-20]

FULFILLING DREAMS, ACHIEVING GLORY---China Overseas Holdings Limited Celebrates 30th Anniversary

2009-06-09

Photo (1) Caption:

Mr. Donald Tsang, Chief Executive of the Government of the HKSAR, Mr. Li Gang, Deputy Director of the Liaison Office of the Central People's Government in the HKSAR, Mr. L Xinhua, Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR, Mr Che Shujian, Counsellor of the State Council and Non-executive Director of China State Construction Engineering Corporation Limited congratulates China Overseas Holdings Limited ("COHL") on its 30th Anniversary cocktail reception today.

From left to right:
Counsellor of the State Council and Non-executive Director of China State Construction Engineering Corporation Limited
Mr Che Shujian
Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR
Mr. L Xinhua
Chief Executive of the Government of the HKSAR
Mr. Donald Tsang
Deputy Director of the Liaison Office of the Central People's Government in the HKSAR
Mr. Li Gang
President of China State Construction Engineering Corporation and Chairman of COHL
Mr. Sun Wenjie
Vice Chairman and President of COHL, Chairman of China Overseas Land & Investment Limited and Chairman of China State Construction International Holdings Limited
Mr. Kong Qingping

FULFILLING DREAMS, ACHIEVING GLORY---China Overseas Holdings Limited Celebrates 30th Anniversary

2009-06-09

Photo (2) Caption:

The officiated guests were joined by other management staff from the Group for toasting.

From left to right:

Vice President of COHL
Mr, Xiao Xiao
Financial Controller
Mr. Wu Jianbin
Vice-Chairman of COHL
Mr. Li Jianbo
Counsellor of the State Council and Non-executive Director of China State Construction Engineering Corporation Limited
Mr Che Shujian
Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR
Mr. L Xinhua
Chief Executive of the Government of the HKSAR
Mr. Donald Tsang
Deputy Director of the Liaison Office of the Central People's Government in the HKSAR
Mr. Li Gang
President of China State Construction Engineering Corporation and Chairman of COHL
Mr. Sun Wenjie
Vice Chairman and President of COHL, Chairman of China Overseas Land & Investment Limited and Chairman of China State Construction International Holdings Limited
Mr. Kong Qingping
Vice President of COHL
Mr. Hao Jianmin
Vice President of COHL
Mr. Zhou Yong

(8 June 2009) China Overseas Holdings Limited (hereinafter referred to as "COHL" or "the Group") celebrated its 30th anniversary with many prominent guests at a special cocktail reception held this evening at JW Marriott Hotel, Pacific Place, Hong Kong.

The event began at 6:50 pm after Mr. Kong Qingping, Vice President of China State Construction Engineering Corp. Ltd., Vice Chairman and President of COHL, Chairman of China Overseas Land & Investment Limited ("COLI"; stock code: 0688.HK) and Chairman of China State Construction International Holdings Limited ("CSCI" ; stock code: 3311.HK), gave his welcome remarks. He was then joined by honorable guests including Mr. Donald Tsang, Chief Executive of the Government of the HKSAR, Mr. Li Gang, Deputy Director of the Liaison Office of the Central People's Government in the HKSAR, Mr. L Xinhua, Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR, Mr. Sun Wenjie, President of China State Construction Engineering Corporation, Chairman of China State Construction Engineering Corp. Ltd. and COHL and Mr Che Shujian, Counsellor of the State Council of the Central People's Government and External Director of China State Construction Engineering Corp. Ltd., for a toast to the memorable occasion and continuous prosperity of the Group in the future.

Mr. Kong Qingping said COHL had just HK$1 million founding capital, but it was able to plant its roots in the free and competitive Hong Kong market and take advantage of the transforming Mainland China market to grow its business in the past 30 years. By keeping pace with time and innovation, diligently following set strategies, striving to perfect management, building a people-oriented corporate culture and a human resources system that offers employees room for development, a supportive work atmosphere and incentives to motivate dedication, as well as an elite management team, the Group has been able to stand out among its rivals and become one of the largest international contractors in Hong Kong and Macau with strong profitability and also a nationwide property developer who can offer exquisite quality products.

As at the end of 2008, the Group has undertaken 816 different construction projects at a total contract sum of HK$165.8 billion and invested in 239 property development, infrastructure and industrial projects at a total planned investment amount of HK$200.8 billion. It boasts a cumulative turnover of HK$241.5 billion, total assets valued at HK$99.7 billion and net assets amounted to HK$31.8 billion. The Group owns two listed companies namely COLI and CSCI. Close collaboration between the two companies in production and capital operations has allowed them to enjoy tremendous synergies and the Group to continuously boost shareholder value, and the value of its workforce and its value to the society. COLI has been included among the constituent stocks of the Hong Kong Hang Seng Index since 10 December 2007. It was one of the five best performing stocks of the year in the Hong Kong Hang Seng Index comprising 42 constituent stocks in 2008. Currently, the total assets and total market value of the Group both exceed HK$100 billion.

An international contractor in Hong Kong and Macau, COHL armed with advanced construction technologies and strong management capabilities, has been an active and integral participant in urban construction works at the forefront of time in Hong Kong and Macau, contributing the prosperity and stability of the two cities.

The Group was involved in mega-scale historical projects including the Hong Kong International Airport Passenger Terminal Building, the West Kowloon Reclamation project, the Naval Base at Stonecutters Island, infrastructure of the Penny Bay Development, Central Reclamation project, The Macau Tower and Wynn Resorts Macau, and also highway, bridge, hospital and public housing estate projects that are important to the daily life of people.

In Hong Kong, it has built in all construction area of 11.57 million square metres of residence for more than 400,000 people; 26 kilometres of water pipes and 15 kilometres of tunnels that made up 70% of the fresh water pipelines in Hong Kong, and its land reclamation projects created land of over 8.

8 million square metres or one-ninth of the area of Hong Kong Island. The Group has won numerous awards including second prize of the National Science and Technology Progress Awards, the Zhan Tianyou Grand Award for Civil Engineering, Hong Kong Awards for Industries: Productivity and Quality Award, Hong Kong Awards for Industries: Industrial Trade Quality Award, Quality Building Award and various safety and environmental protection awards etc.

China State Construction (Hong Kong) has been renowned in the industry. In recent years, drawing on the sound experiences it gained in Hong Kong and Macau, the Group has been active in extending its reach across regional boundaries and succeeded in spreading the wings of its construction businesses in Mainland China, the United Arab Emirates and India.

It has been tireless in building its three major regional business platforms covering Hong Kong-Macau, Mainland China and overseas.

Furthermore, COHL mainly develops exquisite properties. Property development is the core business of the Group that commands considerable investment and boasts significant returns. Founded in Hong Kong, the property business of the Group has grown in the city and eventually expanded to Macau, and now it thrives in Mainland China.

With solid property development experiences gained in Hong Kong, Macau and Mainland China, the Group enjoys unique integrated competitive advantages. Devoted to offering exquisite products and implementing professional management, the Group has developed a proprietary system of five generations of products, which has braced the fame of the China Overseas Property brand.

It has more than 200 projects under its belt giving premium choices and satisfactory living experiences to hundreds of thousands of families. The Group has strategic presence in 22 mainland cities across the country namely Hong Kong, Macau, Shenzhen, Shanghai, Guangzhou, Beijing, Chengdu, Changchun, Zhongshan, Xi an, Nanjing, Suzhou, Foshan, Ningbo, Chongqing, Hangzhou, Zhuhai, Qingdao, Dalian, Shenyang, Tianjin and Jinan, which is supported by an all-round integrated value-chain entailing land investment, design, construction, sales and marketing, after-sales service and property management.

Among the constituents of the value chain, Hua Yi Design and China Overseas Property Management enjoy strong reputation in the industry. At present, the Group has a land reserve of 25 million square metres. The Group was ranked No 1 among "China Top 100 Listed Real Estate Companies", and has also been named "Leading Brand of China Real Estate Company" and "No 1 China Blue Chip Property Developer" for five consecutive years.

Its brand is valued at 9.891 billion yuan. The other accolades it has received included the "Zhan Tianyou Residential Golden Award" , the "CNBC Asia Pacific Property Awards" , "China's Guang Sha Prize" and "The Best Community of Global Human Settlements Award" , etc.

Thirdly, COHL has been active in growing the new infrastructure and industrial investment business. Through direct investment, acquisition or equity participation, it has secured investment projects that promise long-term and stable profits. Currently, COHL owns or holds shares in more than 10 wholly-owned or partially-owned companies including Shenyang Huanggu Thermoelectricity, the Second Nanjing Yangtze River Bridge, Shandong's Laizhou Harbour Affairs, Jiangxi Nanchang Bridge, Jiangsu Qiwei Ferry and China Overseas Logistics. Together they have given COHL a business structure with harbour logistics, toll highways and bridges, and urban heat supply capabilities, which the Group intends to continue to increase investment and project management ability in the long run for generating long-term robust returns.

On the corporate citizenship aspect, the Group is keen on honouring its responsibilities to the community. In recent years, the Group has been active in implementing strategies to expand business across regions and maximize economies of scale, and in doing so promote employment. At the same time, it has also adhered to green concepts in areas including energy conservation and environmental protection, with the ultimate aim of presenting supreme quality products each and every time and fully realise the value of each and every piece of land it develops.

Committed to being a good corporate citizen in the market economy, the Group participates in the Walk for Millions in Hong Kong and Macau every year and has set up a China Overseas Charity Foundation, which has so far donated funds to support the construction of four "China Overseas Hope Schools" in poverty-stricken areas in Mainland China.

The Group has also donated over 20 million yuan to build a new special education school in Dujiangyan after the Sichuan earthquake, showing its determination to give back to the society. In the past three decades, the Group donated in all more than HK$100 million to the community to help the poor and victims of disasters, promotion of education and public well-being, etc.

These acts have earned it honors including the "Most Respected Enterprise in China" , the "Corporate Social Responsibility Outstanding Contribution Award in China" and the "Caring Company" title in Hong Kong.

Looking forward, Mr. Kong Qingping said confidently, "COHL will uphold its operational principle of 'Exercise caution in details and implementation. Build a strong foundation to seek greater success' with proactive strategic planning, attention to details, and 'people-oriented' principle, so as to stride over the road to excellence for building up an everlasting business regime."