Wing Tai Properties Limited announced that Mr. Yung Wing Chung, a non-executive director of the company, retired from office at conclusion of the AGM and decided not to offer himself for re-election. Mr. Yung resigned as a member of audit committee of the company (the 'Audit Committee') with effect from the conclusion of the AGM. Mr. Yung remains as an alternate director to Mr. Kwok Ping Luen, Raymond who is a non-executive director of the company. Following the resignation of Mr. Yung as a member of the Audit Committee, Mr. Hong Pak Cheung, William, a non-executive director of the company, ceased to be an alternate member of the Audit Committee to Mr. Yung. Mr. Hong has been appointed as a member of the Audit Committee with effect from 15 May 2013.

Wing Tai Properties Limited, Annual General Meeting, May 15, 2013., at 16:00 China Standard Time. Location: 27th Floor, AIA Kowloon Tower. Agenda: To receive and adopt the audited financial statements for the year ended December 31, 2012 and the reports of the directors and auditor thereon; to consider final dividend for the year ended December 31, 2012; To re-elect directors; to re-appoint auditor and authorize the directors to fix auditor's remuneration; to authorize the directors to allot, issue and deal with additional shares in the capital of the company; and to authorize the directors to purchase its fully paid-up shares on The Stock Exchange of Hong Kong Limited.

Wing Tai Properties Limited recommended the payment of a final dividend of 9.3 cents per share for the year ended December 31, 2012. Including the interim dividend of 4.2 cents per share distributed on October 3, 2012, the total dividend payout for the year ended December 31, 2012 shall be 13.5 cents per share. Subject to approve at the forthcoming annual general meeting, the final dividend will be distributed on or around June 5, 2013 to shareholders whose names appear on the register of members of the company at the close of business on May 21, 2013. The company announced audited consolidated earnings results for the full year ended December 31, 2012. For the year, the company reported revenue was HKD 2,961.5 million against HKD 2,513.5 million a year ago. Profit from operations was HKD 4,836.1 million against HKD 2,941.5 million a year ago. Profit before taxation from continuing operations was HKD 4,807.7 million against HKD 2,914.1 million a year ago. Profit for the year from continuing operations was HKD 4,534.1 million against HKD 2,780.0 million a year ago. Profit for the year attributable to equity holders of the company from continuing operations was HKD 4,477.0 million against HKD 2,257.0 million a year ago. Profit for the year attributable to equity holders of the company was HKD 4,730.3 million against HKD 2,212.9 million a year ago. The 114% increase in profit was mainly due to a higher fair value gain from investment properties, gain on disposal of subsidiaries, higher aggregate sales of residential properties being recognised and growing rental income from investment properties. Capital expenditure was HKD 479.3 million against HKD 343.3 million a year ago. Net cash generated from operating activities were HKD 8.8 million against net cash used in operating activities of HKD 28.4 million a year ago.