• Ask: What's the future development strategy of the Company?
  Answer: Based on the objective assessment of the industry and our competitive edges, the Company's development strategy is to maintain the construction business as the platform for the Group's business development and combine housing industrialization technologies with land resources to develop green energy-saving and environmentally-friendly industrialized housing.


• Ask: What's the dividend policy of the Company?
  Answer: Since listing on The Stock Exchange of Hong Kong Limited, the Company keeps a stable dividend policy and a reasonable annual dividend distribution level. The Board will also take into account of the factors in net profit, cash flow, capital requirement and other factors, upon which the Board deems fit in determining the proposed dividend.


• Ask: How is the liabilities of the Company?
  Answer: The Company's financial position has been satisfactory. As at 31 December 2021, the Company has maintained a net cash inflow, with the net cash ratio of approximately 49.2%. It has sufficient capital resource to expand its business.


• Ask: What's the situation of the Company's land reserves and its future strategy on land bank?
  Answer: In 2021, the Group acquired use rights of five pieces of land with a total area of approximately 352,300 square meters in Shanghai, Zhejiang province and Anhui province respectively at a total consideration of approximately RMB2.3 billion. Regarding to new land reserve, the Group will continue to adopt a prudent but proactive attitude and adhere to the philosophy of prudent operation and innovative operation methods. The Group's land reserves are mainly distributed in Zhejiang, Hubei, Shanghai, Anhui, Henan and other regions where the Group's business has extensive coverage. Reasonable regional distribution and in-depth market research ensure the profit margins and risk resistance capabilities for the property development business.


• Ask: What's the new situation of the Company's housing industrialization business?
  Answer: The new pilot businesses of PC assemble boards and light steel industrialized housing components are actively being promoted and applied in new village construction, affordable housing and shantytowns reconstruction besides the application of projects in hand. As one of the leaders in housing industrialization industry, the Group has a team of research, design, construction, manufacture and operation of the complete production line of housing industrialization. In the future, the Group will accumulate more practical experience by constructing projects in mass production scale, aiming to increase business volume and improve project quality of the housing industrialization business drawn on its competitive advantages in its three core businesses.

updated 20th April, 2022