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Press Release For immediate release
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements”
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K. Wah Group’s entertainment & leisure, properties, hospitality and construction
materials operations all achieved outstanding results
Entertainment & Leisure: A year of harvest for Galaxy Entertainment Group (“GEG”),
capped by substantial growth in revenue for the year
Properties: K. Wah International Holdings Limited’s (“KWIH”) property sales in Hong
Kong and Mainland China again recorded satisfactory performance
Hospitality: InterContinental Grand Stanford Hong Kong completed room renovation
recently and, for the third consecutive year, received the top honour of “World’s
Leading Luxury Business Hotel” at the World Travel Awards 2018
Construction Materials: K. Wah Construction Materials Limited (“KWCM”) completed
resurfacing the south runway of the Hong Kong International Airport last year, and
supplied premium ready-mixed concrete, asphalt, and concrete pipes for the Hong
Kong-Zhuhai-Macao Bridge, which began operation recently; while it is also the
ready-mixed concrete supplier for the third runway construction project, continuing to
contribute to the development of the city
(Hong Kong, 5 March 2019) – K. Wah Group (the “Group”) hosted a spring cocktail
reception at the JW Marriott Hotel Hong Kong today to celebrate the advent of the
Chinese New Year, as well as the Group’s accomplishments of the past year.
The reception was graced by the presence of guests and friends from different sectors,
top government officials, business leaders as well as industry luminaries, including Mr Xie
Feng, Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of
the People's Republic of China in the HKSAR; Mr He Jing, Deputy Director of the Liaison
Office of the Central People's Government in the Hong Kong SAR; Mr Sun Xiangyi,
Director General of the Economic Affairs Department of the Liaison Office of the Central
People's Government in the Hong Kong SAR; Mr Guo Hengbin, Director General of the
Kowloon Sub-office of the Liaison Office of the Central People's Government in the Hong
Kong SAR; Mr Li Jiyi, Director General of the New Territories Sub-office of the Liaison
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Office of the Central People's Government in the Hong Kong SAR; Mr Joshua Law,
Secretary for the Civil Service, the Government of the HKSAR; Professor Sophia Chan,
Secretary for Food and Health, the Government of the HKSAR; Mr Kevin Yeung,
Secretary for Education, the Government of the HKSAR; Mr Sai-hung Lam, Permanent
Secretary for Development (Works), the Government of the HKSAR; Ms Song Wei, the
Vice-minister of the Coordination Department of the Liaison Office of the Central People's
Government in the Hong Kong SAR as officiating guests, Mr Wang Qi, Director-General of
the Department of International Organizations and Conferences of the Office of the
Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the
HKSAR and joined the Chairman of K. Wah Group Dr Lui Che-woo, Mrs Lui Che-woo, and
senior management of the Group to officiate the toasting ceremony. Other distinguished
guests included The Hon Mr Donald Tsang; The Hon Mrs Regina Ip; The Hon Sir David
Akers-Jones; Mr Gary Harilela and so on.
Speaking at the reception, Dr Lui Che-woo, Chairman of K. Wah Group, said, “This
year marks the 70th anniversary of the founding of the People’s Republic of China, while
Hong Kong is anticipating unprecedented new opportunities after its inclusion in the grand
scheme of national development. In addition to full participation in projects under the ‘Belt
and Road’ initiative, we are also prepared to bring our inherent strengths into full play to
drive concerted development in the Greater Bay Area. Last year the commencement of
the Guangzhou-Shenzhen-Hong Kong High Speed Rail (Hong Kong Section) and the
Hong Kong-Zhuhai-Macao Bridge have provided a new engine to drive Hong Kong’s
economic growth. In the past year, the Group was active in seizing development
opportunities and greatly encouraged to see its properties, construction materials,
hospitality and entertainment & leisure businesses all achieving remarkable results.
Therefore, I would like to take this opportunity to thank our stakeholders and partners for
their support, and credit must also go to our 30,000 strong staff for their hard work. In
2019, the Group will continue to work hand-in-hand with our business partners to scale
new heights. Entering its fourth year, the ‘LUI Che Woo Prize’ will continue to advocate the
spirit of benevolence and peace, and encourage luminaries everywhere to contribute to
the world civilisation and sustainable development.”
Four Major Businesses All Grow Steadily
The Group’s four business pillars all developed steadily in 2018. GEG (stock code: 00027)
achieved brilliant results, capped by substantial growth in revenue for the year. Its Cotai
Phases 3 and 4 projects also made good progress. The Group will press on with its
development plan in Hengqin, with the hope of creating brand new entertainment and
leisure resort experiences for our customers from around the world, and help reinforce
Macau’s positioning as the World Centre of Tourism and Leisure. In addition, GEG has
also been keenly exploring opportunities in the overseas markets, and will work closely
with Monte-Carlo Société des Bains de Mer in Monaco and its business partners in Japan
to realise its hope of developing a world-class integrated resort in Japan.
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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As for property business, KWIH (stock code: 00173) continued to report strong property
sales. Sale of the new project Solaria in Pak Shek Kok, Tai Po began last year and has
been well-received by market. In Mainland China, UpTown, Phase IV of J Metropolis, in
Guangzhou and Windermere in Zhujiajiao, Qingpu, Shanghai recorded good sales
performance after debut last year. Sales of other properties were also satisfactory. In the
meantime, the Group has successfully expanded its land bank through acquisitions of
sites in the Yangtze River Delta region and the Pearl River Delta region, in a further
extension of K. Wah’s business footprint. Its investment properties also continued to
report growth, generating satisfactory rental income for the Group. In 2019, KWIH will
actively launch more quality projects to consolidate the Group’s presence in Hong Kong,
the Yangtze River Delta and the Greater Bay Area.
As for hospitality business, the Group’s InterContinental Grand Stanford Hong Kong
recently completed its guestrooms’ renovation and was bestowed the title “World’s
Leading Luxury Business Hotel”, the most prestigious at the “World Travel Awards”
(“WTA”), for the third consecutive year. Its ballroom - “The Opera Rooms” in fresh design
will be available to customers in the first quarter of this year, continuing to provide superb
quality services. The Group’s serviced apartment Stanford Residences Victoria Harbour
was named the “Asia’s Leading Hotel Residences”, reflecting market recognition of the
quality and services of the Group’s hotel brands. In the United States, the Group’s hotel
project in Mission Bay, a prime location in San Francisco, is scheduled to be completed for
next summer as part of its effort to bring upon fresh inspirations to its U.S. hotel
operations.
As for KWCM, the Group’s founding business, it completed resurfacing the south runway
at the Hong Kong International Airport last year and supplied premium ready-mixed
concrete, asphalt, and concrete pipes to the Hong Kong-Zhuhai-Macao Bridge which
began operation recently. KWCM is also the ready-mixed concrete supplier of the third
runway construction project, continuing to contribute to development of the city. The
company is committed to producing environmentally sustainable construction materials to
achieve low carbon and energy saving goals, and is now one of the largest Ground
Granulated Blastfurnace Slag (“GGBS”) manufacturers in China. The company also won a
number of widely-recognised environmental protection awards in Hong Kong and China
last year.
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Promoting Peace and Benevolence Building World Civilisation
Upholding the principle of “giving back to society from which it has benefitted” while
contributing to social and economic development, the Group is dedicated to giving back to
the society and building an environment that supports sustainable development. Dr Lui
Che-woo, Chairman of K. Wah Group, donated RMB200 million to Tsinghua University
last year to fund the construction of two new blocks at the Tsinghua University Biomedical
Sciences Building, named “Lui Che Woo Building”, which dedicated to support the
research, innovation and sustainable development of the life science, medical and
pharmaceutical disciplines. The LUI Che Woo Prize – Prize for World Civilisation, aiming
at inspiring people to build a more harmonious and sustainable world is entering its fourth
year. The Award in 2019 will not have specific areas of focus, as a move to broaden the
scope of work covered in each prize category, so that more individuals and groups which
have made significant contributions in different areas will have the chance to be
recognised.
Marrying Culture and Innovation Showcasing Traditional and Modern Elements
The spring cocktail reception kicked off with a short video retracing the brilliant
achievements of the Group and conveying its wish for brighter prospect, which was
complemented by a drum performance. In addition to the special performance, the Group
also showcased the honours and awards won by its four main businesses in the past year.
The business segments also set up creative booths at the venue. The property business
booth had a feature wall introducing K. Wah’s iconic properties around the world. GEG put
up a 3D backdrop featuring Galaxy Macau™, Broadway Macau™ and StarWorld for
guests to take pictures. The hospitality business booth highlighted the special dishes
created by Leung Fai Hung, Executive Chef (Chinese) of Hoi King Heen at
InterContinental Grand Stanford Hong Kong, celebrating his career of 40 years. Last but
not least, the KWCM booth had a 3D backdrop of the Hong Kong International Airport
runway and the Hong Kong-Zhuhai-Macao Bridge demonstrating the Group’s contribution
to development of the city. All the unique booths made the event fun and colourful.
- End -
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo Captions
Photo 1 & 2: Dr Lui Che-woo, Chairman of K. Wah Group, addresses guests at the Group's Spring Cocktail Reception.
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 3: K. Wah Group presents to the guests the luminous drum show at the Group's
Spring Cocktail Reception.
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 4: Officiating guests host a toasting ceremony for K. Wah Group Spring Cocktail Reception.
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 5, 6, 7, 8 & 9: The reception was graced by the presence of guests and friends from different sectors, top government officials, business leaders as well as industry luminaries, including Photo 5: Mr Xie Feng, Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 6: The Hon Mr Donald Tsang Yam-kuen, Former Chief Executive of the HKSAR
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 7: The Hon Mrs Regina Ip, Legislative Councilor
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 8: Sir David Akers-Jones, Former Chief Secretary of Hong Kong
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Photo 9: Mr Gary Harilela, Director of Harilela Group
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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Officiating Guests
1. Mr Xie Feng, Commissioner of the Office of Commissioner of the Ministry of Foreign
Affairs of the People's Republic of China in the HKSAR
2. Mr He Jing, Deputy Director of the Liaison Office of the Central People's Government
in the HKSAR
3. Mr Sun Xiangyi, Director-General of the Economic Affairs Department of the Liaison
Office of the Central People's Government in the HKSAR
4. Mr Guo Hengbin, Director General of Kowloon sub-office of the Liaison Office of the
Central People's Government in the HKSAR
5. Mr Li Jiyi, Director General of New Territories sub-office of the Liaison Office of the
Central People's Government in the HKSAR
6. Mr Joshua Law, Secretary for the Civil Service, the Government of the HKSAR
7. Professor Sophia Chan, Secretary for Food and Health, the Government of the
HKSAR
8. Mr Kevin Yeung, Secretary for Education, the Government of the HKSAR
9. Mr Sai-hung Lam, Permanent Secretary for Development (Works), the Government
of the HKSAR
10. Ms Song Wei, Deputy Director-General, Coordination Department of the Liaison
Office of the Central People’s Government in the HKSAR
11. Mr Wang Qi, Director-General, Department of International Organizations and
Conferences, Office of the Commissioner of the Ministry of Foreign Affairs of the
People’s Republic of China in the HKSAR
12. Dr & Mrs Lui Che-woo, Chairman of K. Wah Group
13. Ms Paddy Lui, Executive Director of K. Wah International Holdings & Galaxy
Entertainment Group
14. Mr Alexander Lui, Executive Director of K. Wah International Holdings
15. Mr Joseph Chee, Executive Director of Galaxy Entertainment Group & Managing
Director of K. Wah Construction Materials
16. Dr William Yip, Independent Non-executive Director of K. Wah International Holdings
& Galaxy Entertainment Group
17. Mr Wong Kwai Lam, Independent Non-executive Director of K. Wah International
Holdings
18. Mr Au Man Chu, Independent Non-executive Director of K. Wah International
Holdings
19. Dr Charles Cheung, Non-executive Director of Galaxy Entertainment Group
20. Professor Patrick Wong, Independent Non-executive Director of Galaxy
Entertainment Group
21. Ms Eileen Lui, Group Director – Human Resources and Administration of Galaxy
Entertainment Group
22. Dr Jorge Neto Valente, Group Advisor of Galaxy Entertainment Group
23. Mr Philip Cheng, Director of Galaxy Entertainment Group
24. Mr Robert Drake, Group Chief Financial Officer of Galaxy Entertainment Group
25. Professor Frederick Ma, Board of Governors of LUI Che Woo Prize Limited
K. Wah Group Spring Cocktail Reception 2019 “A New Year of Success and Achievements” 5 March 2019
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26. Professor Lawrence Lau, Chairman of the Prize Recommendation Committee, LUI
Che Woo Prize
About K. Wah Group
K. Wah Group was founded in 1955 by Dr Lui Che-woo, who transformed the company into a
multinational corporation. Core businesses include property development and investment,
entertainment and leisure resorts, hospitality and construction materials. The Group has a business
presence in Mainland China, Hong Kong, Macau, Southeast Asia and major cities in the US. The
Group includes two Hong Kong-listed flagships: K. Wah International Holdings Limited ("KWIH"; HK
stock code: 00173) and Galaxy Entertainment Group Limited ("GEG"; HK stock code: 00027 and a
member of the Hang Seng Index). Other major subsidiaries include Stanford Hotels International
and K. Wah Construction Materials Limited and, in the US, Stanford Hotels Corporation and
Cresleigh Homes. To date, the Group has over 200 subsidiaries and close to 30,000 staff
worldwide.
Website: http://www.kwah.com
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K. Wah International Holdings Limited Helen Cheung Tel:(852) 2960 3739 Email:[email protected]
Rita Lai Tel:(852) 2960 3386 Email:[email protected]
Cynthia Lee Tel:(852) 2880 1869 Email:[email protected]
Fax:(852) 2811 9710
Strategic Financial Relations Limited Iris Lee Tel:(852) 2864 4829 Email:[email protected]
Maggie Au Tel:(852) 2864 4815 Email:[email protected]
Patty Yeung Tel:(852) 2114 4990 Email:[email protected]
Fax:(852) 2527 1196
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