www.newoceanhk.com

2017 Annual Results and

Corporate Update

21 March 2018

1

Important notice and disclaimer

This document and the materials contained herein (the “Materials”) do not constitute or form part of an offer, solicitation or invitation to subscribe or purchase any securities of NewOcean Energy Holdings Limited (the “Company”) nor shall they or any part of them be incorporated by reference or otherwise into the prospectus or otherwise form the basis of or be relied upon in connection with any contract or commitment with respect to the materials or the offering whatsoever. The securities referred to herein have not been and will not be registered under the applicable securities laws of the United States of America, Canada, the People’s Republic of China, or Japan, or any other jurisdiction other than Hong Kong, and, subject to certain exceptions, may not be offered or sold within the United States of America, Canada, the People’s Republic of China, or Japan, or any other jurisdiction other than Hong Kong, or to any national, resident or citizen of United States, Canada, the People’s Republic of China, or Japan, or any other jurisdiction other than Hong Kong. In Hong Kong, no shares of the Company may be offered to the public nor shall a prospectus for subscription of such shares be circulated, unless the prospectus has been formally approved by The Stock Exchange of Hong Kong Limited and duly registered by the Registrar of Companies of Hong Kong. The prospectus and international offering circular of the Company related to the offering in Hong Kong or elsewhere will contain detailed information about the Company and its management as well as the financial statements of the Company. Any decision to purchase or subscribe for securities in the offering should be made solely on the basis of the information contained in the prospectus or international offering circular to be issued by the Company in relation to the offering.

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2

Company Overview

OBJECTIVE: To become regional energy distributor in Southern China and neighboring districts/countries

STRATEGY: Targeting captive end-users sales for the Group’s expansion and development

NICHE: Solid distribution network; Fast inventory turnover; High logistic efficiency; Diversified customer base.

Developed Business Expanding Business Developing Business Historic Business

Business Segments Liquefied Petroleum Gas Oil Products Natural Gas Electronics

History of Development 18 years About 6 years About 5 years More than 22 years

Remarks The cornerstone business:

•Already developed integrated

infrastructures (sea terminal, LPG

storage) and extensive sales

network (bottling plants and refueling

stations) for LPG distribution in

Guangdong, Hong Kong and Macau;

•Penetrated in LPG wholesale

business in Kenya, Africa.

•Achieved a sales revenue of about

HK$7,991,909,000 (US$1.0bn), and

a gross profit of about

HK$984,392,000 (US$126.2mn.) in

the full year of 2017;

•Contributing abt. 36.23% of the

Group’s turnover, and about 60.60%

of the total gross profit in the full

year of 2017.

The rapidly expanding business:

•With integrated infrastructures (deep-

sea terminal, oil depots, bunker ships)

to provide mainly bunkering services in

Hong Kong and along the rivers and

coastal lines of the Pearl River Delta;

• Acquired new business in HK to

expand into auto-fuel trading and oil

products transportation.

•Expanded into Singapore market

mainly bunkering services in 4Q 2017.

•Achieved a sales revenue of about

HK$13,477,587,000 (US$1.7bn.), and

a gross profit of about

HK$592,966,000 (US$76.0mn.) in the

full year of 2017;

•Contributing abt 61.10% of Group’s

turnover, and 36.50% of the total gross

profit in the full year of 2017.

Business for the future:

• The first C-LNG station was

fully operated in Guangzhou via

JV;

•Due to the fact that auto-NG

market in Guangdong Province

had yet to mature, the Group

had only invested an insignificant

amount of resources into

planning and laying the sales

network.

•Taking the strategy of

cooperating with the end-users

(such as transport company,

large scaled manufacturers) to

develop refueling stations

Business brought about by

NewOcean’s predecessor:

•Trading integrated circuits and

electronic components related to

general mobile phones and smart

phones;

•Achieved a sales revenue of only

abt. HK$589,122,000

(US$75.19mn.), and a gross profit

of about HK$47,005,000

(US$6.0mn) in the full year of 2017;

•Contributing only about 2.67% of

Group’s turnover, and 2.90% of the

total gross profit in the full year of

2017.

3

Solid Distribution Assets in Strategic Locations

Energy Products Major Assets Location

LPG Deep-sea terminal of 20,000 tons storage

capacity; 4 berths ; Coastal Line Rights

Zhuhai Gaolan Petrochemical zone

16 Auto-LPG refueling stations Guangzhou city

10 Bottled LPG refilling plants - PRC including Guangzhou,

Shenzhen, Zhuhai, Wuzhou, Guilin,

Deqing, Maoming

Oil Products Deep-sea terminal of 70,000 tons storage

capacity; 4 berths; Coastal Line Rights

Zhuhai Gaolan Petrochemical zone

10 bunker ships Hong Kong & Singapore

15 bunker ships Pearl River Delta, Fujian

1 Self-used diesel refueling station via JV with

Conch

Yingde

LNG 1 auto-LNG refueling station via JV Guangzhou city

Commercial

Properties

15,750m2 land area to build 3 office blocks, two

blocks of commercial apartments, a 4-story

shopping mall. (to be completed by 4Q2018)

Zhuhai CBD

4

Market Situation Up-date

Market Updates Impact on the business

Excess supply of energy in China Under such as undesirable operating environment, the Group’s end-user sales network gave a full play of its

competitive edge. In 2017, the Group had significantly expanded its petroleum product distribution volume

by approximately 32.9% from 3.28M tons to 4.36M tons and retained its LPG sales volume at around 1.9M

tons level.

Energy price fluctuation The Group continue to adopt fast inventory turnover strategy, both LPG and petroleum inventory doesn’t

carry across to different months, unless its hedged. The Group’s inventory turnover days remains at ~25

days in FYE17, same as FYE16 level.

RMB movement The exchange rate of RMB against US$ appreciated since May 2017. The rate continued to climb, hitting 6.49

at the end of 2017. The appreciation of RMB was favorable to the Group as a net importer. In the year end, the

Group has recorded a net exchange gain of approx HK$137M (US$17.5mn).

Changes in auto-LPG industry in

Guangzhou

More buses has switched from LPG to LNG fueled, and the competition of irregulated car service with taxis

causing lower auto-LPG consumption.

NewOcean is in the progress of setting up auto-LNG refueling network via JV and applying to install LNG

facilities to its existing stations.

To mitigate fewer auto-LPG consumption by taxis, NewOcean kicks off loyalty program to attract taxis

drivers.

NewOcean is also promoting LPG to GuangZhou government (i.e. law enforcement, fire and rescue, emergency medical & civil services）using as vehicles alternative fuel.

Interest Rate hike The higher Fed rate causing the Group’s total finance costs to increase. To mitigate the impact, the Group

has asked for longer credit period from overseas suppliers of oil products to finance the receivable.

Slow demand in Hong Kong

marine bunkering market

In 2017, the business of the marine bunkering in HK had undergone a minor reduction of approximately

7.63% on a full-year basis. Some ocean-going vessels had switched to ship to Shanghai and Zhoushan

habours for refueling due to price cut by the PRC marine fuel providers. Meanwhile, the reduction of our HK

sales volume of the year had been minimized due to our success in attracting a few major clients, this helps

to recovering sales volume in the 2H17.

5

Performance in the year of 2017

Revenue and Net Profit

Net Profit

784901

757 750825

0100

200300

400500600

700800

9001000

2013 2014 2015 2016 2017

HK$ million HK$ million

HK$ million 2013 2014 2015 2016 2017

Revenue 14,432 19,633 15,515 15,700 22,059

Growth +15.85% +36.04% -20.97% +1.19% +40.50%

HK$ million 2013 2014 2015 2016 2017

Net Profit 784 901 757 750 825

Net profit margin 5.43% 4.59% 4.78% 4.83% 3.74%

In ‘000 tonsSales Volume of the Energy Products

0

1000

2000

3000

4000

5000

6000

7000

2007A 2008A 2009A 2010A 2011A 2012A 2013A 2014A 2015A 2016A 2017A

Oil Products

LPG

+20.38%

14432

1963315515 15700

22059

0.00

5,000.00

10,000.00

15,000.00

20,000.00

25,000.00

2013 2014 2015 2016 2017

Group Revenue

The significant growth is driven mainly by 1) 1.1M tons of volume growth; 2) oil

prices had been experiencing a continues rise from ~US$47.90/bbl in July to

US$66.80/bbl at the end of the year.

Net profit increased contributing by the RMB/US$ net exchange gain. On the other hand, net margin

dropped due to higher turnover led by increased oil price.

＂

6

Performance in 2017

Gross Profit, Operating Profit and EBITDA

Group Consolidation LPG Oil Products Electronics

In HK$ million 2017 2016 2017 2016 2017 2016 2017 2016

Revenue 22,059 15,700 +40.50% 7,992 6,810 +17.36% 13,478 8,689 +55.12% 589 202 +191.58%

Cost of Good sold (20,434) (13,943) +46.55% (7,008) (5,493) +27.58% (12,885) (8,259) +56.01% (542) (192) +182.29%

Gross Profit 1,624 1,757 -7.57% 984 1,317 -25.28% 593 430 +37.91% 47 10 +370%

GP Margin 7.36% 11.19% 12.31% 19.34% 4.40% 4.95% 7.98% 4.95%

LPG

•Total sales volume recorded a minor decrease of 20,100 tons, despite

of revenue growth subsequent to increase in LPG price. Lower sales

volume is due to the competition of natural gas that slows down the

LPG demand growth.

•Auto-LPG volume fell due to government policy switching more LPG

fueled buses to NG or electric buses, thus reduced substantially the

overall LPG margin.

•LPG business contributed about 60.60% to the Group’s total gross

profit, which is comparatively less than FY2016 level at 74.97%.

Oil Products

•Revenue continued recording significant growth at 55.12%, it was

driven by the increased sales volume and higher international oil price.

Sales volume recorded at 4.36M tons, which is 1.1M tons more than

the FY16 volume.

•GP achieved at 37.91% growth as we earned higher fixed dollar

premium per ton (FY17:US$136/ton; FY16:US$131/ton). Overall

margin however is lower reflects the fixed dollar premium per ton was

not adjusted as fast as the increased in international oil price, this is

mainly caused by the oversupply market.

•Oil products division has continually increased its contribution to the

Group’s total GP (FY17:36.50%; FY16: 24.45%)

Electronics

•Gross profit of electronic business achieved 370% growth in FY17,

gross margin also improved to 7.98%, more orders of smartphone and

integrated circuits were received from our Thailand buyer.

•Revenue and gross profit contribution to the Group had not exceed

3% of the total.

Net FX gain

•After a full year RMB depreciation in 2016, RMB/US$ movement

slowly recovered in May17 and ended at 6.49 level in the year end,

this has become slightly favorable to importers in the PRC.

Selling expenses and administration cost

•Selling expenses increased because of the higher logistic costs of oil

products distribution in the PRC and Singapore. The company also

started to lease storage in other locations to expand our distribution

network in the PRC and Singapore.

•Administrative cost also went up due to an increase in depreciation as

number of shipping fleets increased, and also written off of the fixed

assets subsequent to a closed down of one of our auto-LPG station in

Guangzhou.

Financing costs

• Higher finance costs in consequence to higher working capital

requirement as both total energy sales volume and international price

increased.

•Also, financing costs were driven up by the US$ loan interest rate. 1-

month LIBOR rate was about 0.496% in the average of FY2016 vs

1.113% in the average of FY17.

One-off gain

•An HK$66.71M one-off gain was booked in the 1H17 as one of the

Group’s auto-LPG stations was closed down due to city planning

(construction of an urban underground railway).

Taxation

With better tax planning and higher utilization of our Macau offshore

subsidiaries as our purchasing arm for LPG and oil products, tax

amount in FY17 substantially decreased by 65.82%

Net FX gain/(loss) 137 (154) +188.96%

Other income 69 64 +7.8%

Selling expenses (509) (384) +32.55%

Administration cost (347) (308) +12.66%

Finance costs (199) (180) +10.56%

Profit before other gain

and share of profit JVs

and associates

775 795 -2.52%

Other gain 76 32 +137.50%

Share of profit of JVs and

associates1 3 -66.67%

PBT 852 830 +2.65%

Taxation (28) (79) -64.56%

Net Profit 825 751 +9.85%

7

Performance in 2017

Maintain healthy financial position

FY2017 FY2016

Inventory Turnaround Time (Note 1) 25.00 days 24.44 days

A/C receivables Turnaround Time (Note 2) 59.17 days 76.47 days

Free Operating Cashflow (Note 3) (HK$394,443,000) HK$915,077,000

Long Term Borrowings / Non-current Assets 30.95% 55.74%

Net Debt / Shareholders’ Equity (Note 4) 47.79% 39.66%

Current Ratio 167.91% 200%

NAV/ weighted average no. of ordinary share (Note 5) HK$4.69 HK$3.96

Basic earnings per share HK$0.57 HK$0.51

Return on Equity 12.15% 12.88%

Weighted Average no. of ordinary shares for

calculation of basic earnings per share (Note 6)1,475,426,704 1,480,398,216

Remarks:

1. Oil products accounts for majority portion (75%) of total inventory, nevertheless the Group’s policy is not to carry inventory across the

month, or else is hedged, hence price risk is deemed minimal;

2. Better account receivables management as 0-30 days aging debtors accounts for 49% of the Group’s total debtor outstanding (FY16:27%)

3. Net Operating Cash outflow of HK$394 million was caused by higher prepayment outstanding for the increased petroleum sourcing volume

from domestic refineries, and the increased in international energy price that’s drives up the working capital requirement.

4. Net debt outstanding increased reflecting higher working capital requirement for both volume and international oil price increased.

5. NAV means Net Asset Value. It equals to the amount of equity attributable to owners of the Company.

6. The Group has made several shares buyback throughout 2017.

8

Review of Business Operation

Liquefied Petroleum Gas

TOTAL PURCHASE 2017 2016 Inc./dec. TOTAL SALES 2017 2016 Inc./dec.

LPG sourced from

overseas 1,055,047 1,103,700 -4.41%Overseas Customers 423,200 472,800 -10.49%

(“Imported Gas”) Industrial Customers 700,000 747,000 -6.29%

LPG sourced inside

China 837,953 809,400 +3.5%

Other terminals and bottling

plants326,300 226,500 +44.06%

(“Domestic Gas”) Bottled LPG Sales 295,500 297,300 -0.61%

Total (in tons): 1,893,000 1,913,100 -1.05%Auto-gas Sales 148,000 169,500 -12.68%

Total (in tons): 1,893,000 1,913,100 -1.05%

1. Out of the sales of 423,000 tons to Overseas Customers in FY17, 139,500 tons were delivered in the overseas. The

remaining 283,700 tons were re-exported through our Zhuhai Sea Terminal.

2. Sales to industrial customers reduced due to the slowdown in LPG heat fuel demand. LPG feedstock demands remain

stable, however there was any new petrochemical plant in the region in the past two years.

3. Despite lower bottled LPG sales volume in the PRC, it was compensated by new sales volume in H.K market and Kenya

market.

4. The impact of the online car service in Guangzhou has been under control, and the pace of the switching from LPG to LNG

fuel buses is also slowing down. However one of our 16 auto-LPG station was closed down in the 1H17 due to city planning,

the station generated about 35 tons daily sales volume that led to the decreased in auto-LPG sales volume.

9

Review of Business Operation

Oil Products

• The Group procured 4,355,000 tons of oil products in FY17, of which, 2,094,000 tons was purchased in overseas, remaining 2,261,000 tons was purchased in

the PRC.

• Marine fuel oil demand in HK has suffered a market loss to Shanghai and Zhoushan, nevertheless the Group successfully secured few major clients in 2017,

hence the Group managed to record minimal sales volume reduction.

• Began the Singapore marine bunkering business in Nov 17. Formed the operation with a reputable shipping company to establish sales foundation.

• In 2017, the Group’s Zhuhai oil product terminal was granted an import quota that allows us to import directly from overseas for further costs reduction.

MARKET SEGMENTS SUPPLIERS CUSTOMERS 2017 2016 Inc.dec.

HK Marine bunkering Singapore & HK & bonded

warehouse supplier in the PRC

Shipping companies and other bunker

operators in Hong Kong water

783,600 848,300 -7.63%

Oil products/

chemical products

trading

On back-to-back basis, from

commodities companies in

Singapore

Importers in the PRC 1,191,700 666,900 +78.69%

Singapore Marine bunkering Singapore Shipping companies & JV partner &

other bunker operators in Singapore

118,700 0 N/A

P.R.C Marine bunkering - Commodities suppliers in

Singapore

- SOE oil suppliers, local

refineries and private owned oil

product storage companies

Ships operating along rivers and

coastal line of Pearl River Delta.

858,800 714,800 +20.15%

Wholesale diesel &

oil products

Petro stations in Pearl River Delta 210,100 241,100 -12.49%

Oil products/

chemical products

trading

Other commodities trader and

wholesalers in the PRC

1,192,100 806,900 +47.74%

Total (in tons): 4,355,000 3,277,000 +32.90%

10

Business Outlook – LPG

• Retail markets located in the Southern China (including Macau and HK) remains as the core of the business.

• Expand the scope of business of the RGSC license in Hong Kong

• Identify opportunities outside China

In Southern China

1.Promoting auto-LPG to commercial vehicle companies in Guangzhou and also liaising with local government to switch other government

owned vehicles from gasoline to LPG fueled.

In Hong Kong

1.Continue to invest more human resources into expanding the distributor network; 1 fleet to carry LPG bottles is already in place to support

our market expansion in outlying islands.

2.Participate more actively in tender processes for long term contracts of supplying bottled LPG to government and public entities;

3.Applying for using cross-border tanker trucks to import LPG. It enables us to supply LPG in bulk to residential complexes (equipped with

LPG storage tanks) and the auto-gas refueling stations in Hong Kong.

In Overseas

1.Penetrated into LPG wholesale market in Kenya, Africa. Seeking suitable land for the construction of LPG terminal and bottling plants.

11

Business Outlook – Oil Products

• Adopt the end-users driven approach for further development;

• Enhance supply chain integration enabling the Group to supply a wide range of oil and chemical products;

• Improve profitability by sourcing from overseas, and enhancing logistic efficiency;

• Developing distribution network for both vessel users and vehicles in Pearl River Delta.

In Hong Kong

1. Acquired the shareholdings of 3 companies which engaged into auto-fuel trading and oil products transportation, which turned the Group to

become the primary agent of the four major oil companies in HK and officially enter into the auto-fuel market.

In China

1. Building a sizable network of gasoline stations in Southern China. In the cooperation with Conch, we have turned to build gasoline stations

first, then followed by C-LNG refueling station. These gasoline stations will form part of the retail network.

2. Targeting automotives refueling stations for potential acquisition and merging.

In Overseas

1. Established an operation in Singapore not only to serve as a procurement center, and helped the Group to tap into the marine bunkering

market in Singapore. Greatly enhance the Group’s bargaining power on the international market, broaden its procurement channels and

promise more sales opportunities.

2. Currently planning to expand our marine bunkering business to all of the ports in Malaysia;

3. Improvement on our industry chain by building vertical integration. The Group is now pressing ahead with the establishment of its refinery

project in Malaysia. A significant part of the Group’s existing annual sales volume of oil and gas will be from the refined products from the

refinery. After the works of such vertical integration, the Group will be able to achieve better cost management under a low-risk

phenomenon.

12

Business Outlook – LNG

• Take auto-LNG as the entry point;

• Enter auto-LNG business at the end-users market;

• Cooperate or joint venture with bus companies; logistic companies and those that have massive needs on truck transportation;

• As a long term strategy, shall identify land resources for building LNG receiving terminal and/or liquefaction plant, therefore constructing

an integrated LNG supply chain in order to reduce logistic costs and improve profit margin.

• Auto- C-LNG refueling facilities adding to existing 3 auto-LPG stations are still being processed in application.

1. LNG business is facing an unfavorable market situation where the prices of traditional fuels are substantially reduced to a pretty low level

where LNG is no longer price competitive;

2. After the Tianjin Massive Explosion happened in 2015, government officials have become quite reluctant in approving dangerous goods

projects. We face a lot of obstacles and difficulties in processing our applications for the auto-LNG refueling stations. We envisage much

longer time will be needed to complete a refueling station project.

13

5. Business Outlook – Property Development

• It is an one-off project; non-core business.

• Construction site was acquired in FY2011; The Group had invested approx HK$1.3B into the contraction project.

• This property project is wholly owned;

• Total construction size space is about 62,597m2. Featuring 2 office towers, 2 loft towers, a 2-level building and a 3-story mall together

with 2-level basement including underground car parks.

• 4 buildings had already had their roof capped and are now undergoing interior renovation/ The Group expected that the completion of the

project will be around the 4Q 2018, and the sales and leasing business will then begin.

14

5. Business Outlook – Renewable Energy

• Acquired a technology of anthracite and activated carbon production business.

• Operation in Guangxi was acquired in 2016 had started its trial production;

• Made some adjustment on its production equipment since the 4Q2017;

• Full-scale production is expected in the 2H2018.

Appendix

15

Company Financial Statements

16

Consolidated statement of Profit and loss and other comprehensive

income (For the year ended 31 December 2017)

Consolidated statement of cash flows (Summary)

(For the year ended 31 December 2017)

Source: Consolidated Financial Statements of the Company

Company Financial Statements

Unit: HK$’000

2017

(audited)

2016

(audited)

Revenue 22,058,618 15,700,406

Cost of sales (20,434,255) (13,943,529)

Gross profit 1,624,363 1,756,877

Other gains and losses 212,441 (122,258)

Other income 68,722 63,525

Selling and distribution expenses (508,548) (383,641)

Administrative expenses (346,530) (307,937)

Finance costs (198,750) (180,087)

Share of profit of joint ventures 1,760 3,807

Share of losses of associates (992) (945)

Profit before taxation 852,466 829,341

Taxation (27,663) (79,181)

Profit for the year 824,803 750,160

Other comprehensive income (expense):

Item that will not be reclassified to profit or loss:

— Exchange differences arising on translation to presentation

currency 243,721 (230,219)

Items that may be reclassified subsequently to profit or loss: -

— Fair value gain on available for sale investment 35,617

— Reclassified to profit or loss upon the disposal of certain amount

of available for sale investment

- (12,874)

243,721 (207,476)

Total comprehensive income for the year 1,068,524 542,684

Profit for the year attributable to

— Owners of the Company 835,631 749,397

— Non-controlling interests (10,828) 763

824,803 750,160

Total comprehensive income (expense) attributable to:

— Owners of the Company 1,075,552 543,814

— Non-controlling interests (7,028) (1,130)

1,068,524 542,684

Basic earnings per share HK$0.57 HK$0.51

HK$’000

2017

(audited)

2016

(audited)

Net cash (used in )from operating activities (373,548) 897,700

Net cash (used in) from investing activities (553,671) 238,425

Net cash from (used in) financing activities 847,878 (822,538)

Net (decrease) increase in cash and cash equivalents (79,341) 313,587

Cash and cash equivalents at beginning of the year 1,857,597 1,569,937

Effect of foreign exchange difference 10,935 (25,927)

Cash and cash equivalents at end of the year 1,789,191 1,857,597

Analysis of the balances of cash and cash equivalents

— Bank balances and cash 1,789,191 1,857,597

17

Consolidated statement of financial position (As at 31 December 2017)

HK$’000

2017

(audited)2016

(audited)

Capital and reserves

— Share capital 147,303 148,040

— Share premium and other reserves 6,768,047 5,709,187

— Equity attributable to owners of the

Company6,915,350

5,857,227

— Non-controlling interests 69,198 83,718

Total equity 6,984,548 5,940,945

Non-current liabilities

— Deferred tax liabilities 92,925 99,856

— Borrowings secured by other assets –

repayable over one year31,293

37,429

— Borrowings unsecured – repayable over one

year1,352,290

2,199,795

1,476,508 2,337,080

8,461,056 8,278,025

Source: Consolidated Financial Statements of the Company

Company financial statements (Cont.)

HK$’000

2017

(audited)

2016

(audited)

Non-current assets

— Property, plant and equipment 2,412,995 2,160,093

— Land use rights 400,882 401,633

— Prepaid lease payments for coast 5,535 5,983

— Goodwill 751,948 639,308

— Other intangible assets 377,939 399,926

— Interests in associates 7,188 7,739

— Interest in joint ventures 26,760 23,600

— Deposits paid 485,150 375,280

— Deferred tax assets 1,953 352

4,470,350 4,013,914

Current assets

— Inventories 1,399,680 933,534

— Trade debtors and bills receivable 3,575,770 3,289,310

— Other debtors, deposits and prepayments 1,996,941 1,773,808

— Amount due from an associate 3,695 2,938

— Amount due from a joint venture 1,347 4,275

— Derivative financial instruments 15,012 45

— Land use rights 20,008 19,452

— Prepaid lease payments for coast 817 769

— Properties held for sales 156,774 147,670

— Properties under development for sales 653,896 388,665

— Pledged bank deposits 253,611 112,151

— Bank balances and cash 1,789,191 1,857,597

9,866,742 8,530,214

Current liabilities

— Trade creditors and bills payable 1,285,526 1,599,956

— Other creditors and accrued charges 497,638 482,367

— Amount due to an associate - 13,819

— Amount due to a joint venture 3,096 2,916

— Derivative financial instruments 7,861 1,961

— Tax liabilities 118,112 109,767

— Borrowings secured by pledged bank

deposits – repayable within one year235,610

108,920

— Borrowings secured by other assets –

repayable within one year18,364

15,560

— Borrowings unsecured – repayable within one

year3,709,829

1,930,837

5,876,036 4,266,103

Net current assets 3,990,706 4,264,111

Total assets less current liabilities 8,461,056 8,278,025

18

Investor Relations contacts

Mr Lawrence Shum (Managing and Executive Director)

Email: lawrenceshum@newoceanhk.com

Ms Angeline Wong (Deputy General Manager and Head of IR)

Email: angelinewong@newoceanhk.com

Office no: +852 2866 7556

HK mobile: +852 5322 3302