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Tuesday, September 17th, 2019

Lionhub : Annual Report to Shareholders – Year Ended 31 Dec 2016

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by April 21, 2017 General


LionHub Group Limited

ACN 119 999 441


ANNUAL REPORT 2016

LionHub Group Limited

ABN 29 119 999 441

CONTENTS

1

Company Position Statement

2

Chairman’s Review

4

CEO’s Review

7

Financial Report Year Ended 31 December 2016

41

Additional Information Listed Public Companies

IBC

Corporate Directory

Website

www.lionhub.com.au

LionHub Group Limited 2016 Annual Report


LionHub Group Limited (ASX: LHB) is the only Australian listed company to offer investors direct access to the high potential industrial/technology park sector in China.

  • Managed by a team of experienced real estate and finance professionals, the Company also benefits from the extensive commercial property experience and networks of its major shareholder, the Singapore-based Lian Huat Group.

  • LionHub is well positioned to service the continued demand for technology parks and logistics property in China. LionHub’s two technology park projects in the Anhui Province in China have approved Master Plans, and both are in preparation for the initial construction phase.

  • The parks will include a mix of property types including logistics, industrial, commercial, residential and accelerator/incubator space for startups.

  • The Company’s first project, the Singapore Xuancheng Technology Park, is situated within the Xuancheng Economic and Technological Development Zone. Its second project, the Lu’An Singapore Creative Ecological and Industrial Park is also based in Anhui Province, adjacent to Hefei which is the capital city of the province.

  • Each of the technology parks being developed by LionHub have substantial residential components which offer further potential upside for shareholders.


CHAIRMAN’S REVIEW

2016 Annual Report

While 2016 saw subdued economic growth in China, I am pleased to advise my fellow shareholders that the Company has moved ahead with the development of its two high-tech and ecological business parks located in Anhui Province which is part of the Yangtze River Delta Economic Zone, which also extends to include the provinces of Shanghai, Zhejiang and Jiangsu. The Anhui province benefits from excellent connectivity to the rest of China.

Both of our technology park projects have been advanced in terms of preparations for the initial construction phase. These parks will ultimately include a mix of property types including logistics, industrial, commercial, residential and accelerator/incubator space for startups.

The Company’s board and management team maintained their determination and focus on progressing our interests in China throughout the course of 2016.

Xuancheng Singapore Technology Park

The Company’s first project, the Singapore Xuancheng Technology Park, is situated within the Xuancheng Economic and Technological Development Zone.

In January 2016 we established a joint venture with KSL (XC) Pte Ltd of Singapore to acquire land at Xuancheng and have now delivered on this key objective having recently won the tender to acquire 40 mu (2.67 hectare) of land for industrial development. Upon completion of this purchase the Company will be able to pursue plans to offer a mixture of logistical, industrial, commercial, incubator and residential properties for buyers, investors and tenants seeking to position themselves in one of China’s most important emerging provinces.

Lu’An Singapore Creative Ecological and Industrial Park

The Company acquired its interest in the development of the Lu’an Singapore Creative Ecological and Industrial Park in August 2015. We remain confident that this park will form part of Lu’an city’s vision to become a world class business and technology centre and have also recognised that there is potential for the Company to advance the residential component of the project.

Development of this project is likely to be carried out over an extended period and, subject to identifying suitable strategic partners and obtaining appropriate government approvals, it is envisaged that marketing and construction of the residential elements could commence within the short to medium term.

Outlook for 2017

While economic growth has continued to ease in China over recent years there has been a shift to a more pro-active fiscal policy and a more consumer focussed economy to achieve sustainable steady growth. Investment driven growth is expected to support the Company’s strategy to develop industrial and technology parks in regional and secondary cities with strong transportation and logistics infrastructure.

In early 2017 the Company announced that it had entered into a Strategic Co-operation Agreement with Anhui Agricultural University (AAU) which is located in Hefei, the capital city of Anhui Province. This agreement is significant in terms of the expertise that AAU will bring to the development of new “incubator” business opportunities which will complement the ongoing development of our two technology parks in Anhui.

Lionhub Group Ltd. published this content on 21 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 April 2017 00:43:16 UTC.

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