HKR International Stock

HKR International, Ltd. operates as an investment holding company. The company’s subsidiaries are principally engaged in the development, management and provision of essential and recreational services for residential housing and leisure projects in Discovery Bay, Lantau Island, other property development, property investment, hotel operation, manufacturing, other investments and provision of health care services.

The company’s associates and jointly controlled entities are principally engaged in property development, property investment, construction and provision of health care services.

The company has various property development and investment projects in Hong Kong, the Mainland China and the Asia Pacific Region. Its business is diversified from the core of property development into stylish hotels and spas, healthcare services, serviced apartments, transportation, club facilities and building materials.

Segments

The company operates in six segments that include: Property Development, Property Investment, Services, Hotels, Treasury Investment, and Manufacturing.

Property Development and Investment

The company engages in the development of housing with various projects in Hong Kong, the Mainland China and South East Asia. Discovery Bay is its flagship project in Hong Kong and demonstrates a self-contained community offering a different lifestyle. Other development projects developed by the company in Hong Kong include Discovery Park in Tsuen Wan and Coastal Skyline in Tung Chung. It also identifies suitable investment and development projects in Bangkok, Singapore and Shanghai.

Hospitality

The company engages in the hospitality business. It owns and manages two luxury hotels in South East Asia — The Sukhothai in Bangkok, Thailand and The Sentosa Resort and Spa in Singapore, which includes the Spa Botanica. In addition to hotels and a spa, the Group also owns and manages luxury serviced apartments in Shanghai and South East Asia.

Services

The company offers property and management services. It offers clubs that are designed for its clientele at Discovery Bay, including the Discovery Bay Golf Club, Discovery Bay Marina Club, Discovery Bay Residents Club and the new Club Siena. These facilities allow the residents to pursue their lifestyle desires. In addition to club facilities, it also operates transportation services, which include internal and external transit services at Discovery Bay. It operates the Discovery Bay Tunnel, to ensure transport access for residents to surrounding areas, including the Hong Kong International Airport.

Other Investments

The company has invested in specialized healthcare service in Hong Kong, the Mainland China and the Philippines. Through its subsidiary, GenRx Holdings, Ltd., the company has a substantial interest in AmMed Cancer Center, which offers cancer treatment services, and owns the Qualigenics Diabetes Centre. It also provides healthcare services in the Mainland China through a network of dental surgeons and multi specialty clinics.

The company’s dental investment in the Mainland China, Arrail Dental Group and Orthodontics Asia also expanded and relocated to prime locations in Beijing, Shanghai and Shenzhen to serve its expatriate communities.

The company offers a range of property related services to the local and international market. Its subsidiary, Imperial Bathroom Products, Ltd., supplies products ranging from bathroom products to sanitary appliances, to Hong Kong, the Mainland China and overseas markets.

Joint Venture

The company has a Joint Venture with the Chinese University of Hong Kong. Pursuant to which it opened the Qualigenics Diabetes Centre in Shatin in November 2002 and a second clinic was opened in July 2003 to serve outpatient clientele in Central, offering new services and equipment, and providing people with the choice of a new private medical centre.

Geographical Markets

The company’s operations or its underlying operating assets are located in Hong Kong, North America, South East Asia, the People’s Republic of China (PRC) other than Hong Kong, and Australia.

The company’s property development, property investment and services provided activities are carried out principally in Hong Kong, South East Asia and the China. Hotel operations are carried out in South East Asia. The operating assets of treasury investment are principally located in North America. The manufacturing business is principally carried out in the China and Australia, whereas the construction business is principally carried out in Hong Kong.

Significant Events

During the year ended March 31, 2004, the company entered into various sale agreements to dispose of subsidiaries namely Congin Investment Limited; Congin Shanghai (HK) Limited; Shanghai Hanison Centre Real Estate Development Co., Ltd.; Asia Asset Property Services (Guangzhou) Co., Ltd.; Asia Asset Property Services, (Shanghai) Co., Ltd.; and Asia Asset Property Services Limited.

History

The company was founded by CHA Chi Ming.