Gelonghui June 29th, Pan Hai Hotel (00292.HK) noticeFor the year ended March 31, 2022, the company achieved an income of HK $990 million, an increase of 1% over the same period last year.The company's shareholders have a loss of HK $746 million, compared with a profit of HK $622 million last year and a loss of HK37.0 cents per share. The board meeting will not recommend the payment of a final dividend for the year ended March 31, 2022 (2021: HK0.65 cents per share). No interim dividend was declared during the year (2021: nil).

The international tourism market is recovering from the epidemic, and management will continue to closely monitor market conditions, the latest border control measures and mandatory quarantine policies, fine-tune business strategies and tighten cost controls to ensure adequate and long-term preparations for the future. Mainland real estate developers are dealing with their liquidity problems through accelerated asset sales, capital injection from major shareholders and rationalization of loan maturity portfolios.