Allied Group Limited
Management in Wan Chai

The Company is primarily an investment holding company, with a stated strategy of focusing its management and financial resources on its core businesses of property investment and development together with financial services. SHK Hong Kong Industries Limited, a 74.97% subsidiary of the Company, is engaged in investments in listed and unlisted securities. The Company's financial services business is mainly conducted through Allied Properties' 56.17% holding in Sun Hung Kai & Co. Limited ("Sun Hung Kai") as well as Sun Hung Kai's effective 58.18% holding in United Asia Finance Limited. The Company's interests in property investment and development in Hong Kong are mainly held through its 74.99% holding in Allied Properties (H.K.) Limited ("Allied Properties") and in respect of property investment and development in The People's Republic of China, through Tian An China Investments Company Limited, being an associate held by Allied Properties. During the year, Allied Properties has disposed of its entire interest in Allied Overseas Limited, which was engaged in the business of provision of elderly care services and medical and aesthetic equipment distribution.