Value Partners Group Ltd, Annual General Meeting, May 07, 2013., at 14:30 China Standard Time. Location: HKUST Business School Central, 15th Floor. Agenda: To approve the recommended final dividend of 6.3 cents per share and a special dividend of 9.7 cents per share payable on or about May 29, 2013; to receive and consider the audited financial statements and the reports of the directors and the auditor for the year ended December 31, 2012. to declare final and special dividends for the year ended December 31, 2012; to re-elect, each as a separate resolution, as directors; to re-appoint auditor and to authorise the board of directors to fix its remuneration as special business; and to pass the resolutions as ordinary resolutions of the company.

Value Partners Group Ltd. announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported total revenue of HKD 651,576,000 against HKD 688,936,000 a year ago. Net fee income was HKD 472,611,000 against HKD 521,996,000 a year ago. Total net income was HKD 526,730,000 against HKD 546,756,000 a year ago. Operating profit was HKD 431,287,000 against HKD 209,602,000 a year ago. Profit before tax was HKD 415,135,000 against HKD 207,072,000 a year ago. Profit for the year attributable to equity holders of the company was HKD 376,361,000 or 21.4 cents per basic and diluted share against HKD 167,299,000 or 9.5 cents per basic and diluted share a year ago. Profit attributable to the equity holders increased 125.0% from the previous year, driven by significant gains made with the treasury operation comprising investment in the company’s own funds and other treasury returns. The management fee income continued to offer a stable income, albeit slightly lower than the previous year, due to lower average AUM in the period. The group's total revenue decreased by 5.4% for the year, the major contribution to the revenue was gross management fees, which dropped to as a result of a 6.2% decrease in the group's average AUM. The directors of the company recommend payment of a final dividend of 6.3 cents per ordinary share compared to 5.8 cents in the year 2011 and a special dividend of 9.7 cents per ordinary share. The estimated total final dividend and total special dividend based on the number of shares outstanding as at December 31, 2012, is HKD 110,578,000 and HKD 170,254,000 respectively. Such dividends are to be approved by the shareholders at the annual general meeting of the company to be held on May 7, 2013. The final and special dividends will be payable on or about May 19, 2013 to the shareholders whose names appear on the registers of members of the company at close of business on May 15, 2013.

Value Partners Group Ltd, 2012 Earnings Call, Mar 13, 2013