KHONG GUAN LIMITED ANNUAL

Letter to Shareholders

Chairman’s Statement Amidst a cautious economic outlook in Singapore, the Company remains active in searching for tenants to lease the remaining space in its heritage industrial building. It faces competition from both recently completed projects as well as older developments in its vicinity. Acknowledgements On behalf of the Board of Directors, I would like to extend our appreciation to our shareholders, customers and business associates for their continued support as well as to the management and staff of the Group for their dedication and hard work. Last but not least, I would also like to thank my fellow Directors for their invaluable guidance and advice. Chew Soo Lin Chairman 7 Annual Report 2019 GGrroouupp FFiinnaanncciiaall HHiigghhlliigghhttss aass aatt 3311 JJuullyy 22001199 22001199 22001188 22001177 22001166 22001155 (($$''tthhoouussaanndd)) RReevveennuuee 5588,,999900 5577,,995555 5577,,111111 5588,,770088 6622,,003366 AAttttrriibbuuttaabbllee ((lloossss))//pprroofifitt ((669933)) 11,,003377 11,,229966 5588 11,,223355 TToottaall aasssseettss 7722,,002255 7755,,331122 7711,,004400 7722,,335599 7755,,227700 SShhaarreehhoollddeerrss'' eeqquuiittyy 6622,,229988 6644,,116655 6611,,999944 6622,,779966 6666,,116611 RReevveennuuee (($$''tthhoouussaanndd)) AAttttrriibbuuttaabbllee ((lloossss))//pprroofifitt (($$''tthhoouussaanndd)) SShhaarreehhoollddeerrss'' eeqquuiittyy TToottaall aasssseettss (($$''tthhoouussaanndd)) (($$''tthhoouussaanndd)) KKHHOONNGG GGUUAANN LLIIMMIITTEEDD 88 9 Group Structure 9 Annual Report 2019 DETIMIL NAUG GNOHK gneM uaT gnitekraM sutciV dooF nauG gnohK dtL etP stnemtsevnI dtL etP dtL etP stcudorP %00.001 %00.001 %00.001 ruolF nayalaM detinU dhB ndS )6991( %00.03 laicremmoC detinU lliM liO gnoH gnoeL slliM staO laredeF dooF nauG gnoT oC nahC niH eewS dhB ndS )M( gnidarT dhB ndS dhB ndS dhB ndS stcudorP dhB ndS %00.05 %04.99 %29.27 %13.48 %28.98 %001 - dhB ndS )M( stcudorP laereC %001 - dhB ndS yrenfieR liO elbategeV nauG gnohK %5.76 - dhB ndS ytF niT gnoehC ooJ niS Group Financial Highlights as at 31 July 2019 2019 2018 2017 2016 2015 ($'thousand) Revenue 58,990 57,955 57,111 58,708 62,036 Attributable (loss)/profit (693) 1,037 1,296 58 1,235 Total assets 72,025 75,312 71,040 72,359 75,270 Shareholders' equity 62,298 64,165 61,994 62,796 66,161 Revenue ($'thousand) Attributable (loss)/profit ($'thousand) Shareholders' equity Tota