Patrick Cheong
Investor Relation Executive
Greetings. Welcome to New World Development’s FY 2025 Annual Results Announcement webcast for analysts and investors. I am Patrick Cheong, Head of IR and also the moderator for this session. First of all, let me introduce to you our management. They are New World Development’s Executive Director and CEO, Ms. Echo Huang; New World Development Executive Director, Mr. Sitt Nam-Hoi; New World Development, Executive Director, CFO and Joint Company Secretary, Mr. Edward Lau; New World China, COO, Mr. Benny Chan. [Operator Instructions]
Now I will pass the floor back to Echo.
Shao-Mei Huang
CEO & Executive Director
Thank you, Patrick. Friends from the investment sector, greetings. Welcome to New World Group’s FY 2025 Annual Results Announcement. Time flies. Half a year ago, when I first shared our company’s performance with everyone, I outlined 3 key work directions. First, focus on the property business, continuously advancing and expanding business development to ensure normal and stable business continuity, business as usual.
Second, improve the company’s cash flow and actively manage our finances. Third, continuously optimize operational efficiency and governance capabilities and regularly provide everyone with the latest business updates. Through our team’s dedicated efforts over the past period, we have achieved some modest results.
I would like to share 3 key points with you. First, on 30th June, we successfully completed a HKD 88.2 billion bank refinancing. This refinancing provides us with valuable time to focus fully on developing our core business. I would like to once again express my
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