Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 22 MANAGING DIRECTOR’S REPORT Corporate Governance and Corporate Social Responsibility The Group firmly believes that a high standard of corporate governance is the key to facilitating sustainable development. We adopt an active approach in investors communication and provide a high degree of transparency to our investors. In recognition of the Group’s efforts in its investor relations functions, corporate governance and corporate social responsibility, the Group received a number of international awards during the Year. Some examples of our awards include: • Seven awards in “2019 Asia’s Best Managed Companies” Poll by FinanceAsia, including “Best Mid-Cap Company in Hong Kong” • Best Case Award in the Second China Excellent IR Award • Platinum Award at “The Asset Corporate Awards 2018” • Three awards at “8th Asian Excellence Award 2018”, including “Best Investor Relations Company in Hong Kong” • Five honours at the HKIRA 4th IR Awards 2018, including “Best IR Company”, “Best IR in Corporate Transactions”, “Best Investor Meeting” and “Best Digital IR” The Group is committed to continue its efforts in enhancing various areas in corporate social responsibility and will maintain a high degree of transparency through disclosures and provision of management access to shareholders and investors. Prospects Although the global economic environment is uncertain, the Group’s diverse portfolio of business serves to mitigate concentration risk and our regionalization and capital reallocation strategy allow us to continue to take advantage of the cyclicality in different markets. The visibility of revenue growth of our business in the coming years remain good given that we have close to HK$15 billion of presales as at 31 March 2019 and many new pipeline hotels are under construction. Our recent land acquisitions in Manchester, Shanghai and Melbourne and the joint venture arrangement with The Star in Australia have strengthened our development pipeline.