It is with great pride that I reflect on the tremendous growth Far East Consortium International Limited has achieved both in Hong Kong and across the Asia-Pacific. I refer not only to the rapid growth of our asset base but also to the ever-increasing depth of our knowledge and experience. It is this hard-earned expertise that sets us apart from the competition and allows us to deliver quality products at highly competitive prices.

Our hotel division, Dorsett Hospitality International Limited, continues to generate exciting returns, built on the attributes of the Company's strong track record and dedicated management team. With Hong Kong still leading the way as a desirable destination for China's growing middle class, I believe our focus on the three and four star segment of the market is more relevant now than ever.

Across Hong Kong, Mainland China, Malaysia, London, and Australia, we specialise in the property market and attain long-term profit from hotel developments and car parks. With recurring income generated by our hotel operations and car park business, our focus has expanded to include the residential market, with a view to targeting the rising middle class. Our residential products are designed to meet the needs of first-time home buyers and young families, a demographic group that offers significant growth potential in the region.

Standing on these solid foundations, I have every confidence that the Group's long-term prospects are bright. Our inherent strength will allow us to weather storms, advancing our value and the growth of tomorrow. On behalf of the Group, I would like to thank all those who contribute to our success: our shareholders, our partners, our employees and our customers. Thank you.

David Chiu
Chairman and Chief Executive Officer