Li Zeju pointed out that technology is driving disruptive changes in the business society, which will create numerous merger and acquisition opportunities

Li Zeju, Chairman of CKH Holdings, stated that the rapid development of technology will bring disruptive changes to the business community, while also presenting many acquisition opportunities. He pointed out that the group's current financial situation and liquidity are at their "most robust moment according to plan," enabling them to respond to various challenges and easily seize opportunities. Diversified businesses are easier to manage risks; rising oil prices benefit energy business During the earnings meeting, Li Zeju mentioned that as a multinational enterprise, CKH Holdings has diversified businesses around the world, making it easier to manage risks in the global situation. "Macroeconomic challenges may affect some businesses, but other businesses will see good growth," he cited the rise in oil prices as beneficial for its energy company Cenovus Energy, which will become a business highlight. He continued to say that the group has diversified businesses and geographical distribution, and its current financial situation and liquidity are at their "most robust moment according to plan," enabling them to respond to various challenges and easily seize opportunities. Related news: CKH Holdings' basic profit rose 7% last year, with a 6% increase in final dividends. Li Zeju: Geopolitics makes port sale negotiations more complex. "Scale, efficiency, and technology" become key competitiveness for enterprises He pointed out that looking forward from a macro perspective, scale, efficiency, and technology will be the key to enhancing corporate competitiveness. Market consolidation may lead to the reallocation of manpower and resources. "The world is changing every day, politics is becoming increasingly complex, and technology is developing rapidly. The changes will be disruptive, and there will be many merger and acquisition opportunities in the business community." Li Zeju: With cash reserves, we will definitely take action Li Zeju pointed out that CKH Holdings' finances are very healthy, and there is no pressure to sell assets; instead, they have the capacity for acquisitions. He cited that in the earnings report of CK Infrastructure (1038), he mentioned its "world-class infrastructure asset portfolio contains deep value," including the sale of UK Power, a UK distribution company, which achieved nearly 6 times the investment return. Once the transaction is completed, "with cash on hand and such beautiful reserves, we will definitely take action." Related news: CKH Holdings' core profit and final dividends increased by 3% for the year, indicating that the Hong Kong property market is regaining momentum, continuing to be driven by policies and interest rates. Investing in countries that respect the spirit of contracts Regarding acquisition plans, he stated that they will continue to invest in countries that respect the spirit of contracts and have a sound legal system to protect investments. Projects need to provide long-term stable cash flow, and when projects meet higher internal rates of return, there will definitely be interest. However, he reiterated that "the motto is to adhere to financial discipline and patience; there has never been a mindset of being determined to succeed." Ongoing discussions on port transactions Regarding port disputes and transactions, CKH Holdings' Co-Managing Director and Chief Financial Officer, Lu Falan, stated that CKH is continuously consulting legal advisors with the Panama Port Company, resorting to all feasible domestic and international legal procedures. As for other global port transactions, discussions are still ongoing with potential buyers, including Chinese investors invited last year, and progress will be announced in due course. He pointed out that although port assets have not yet been sold, their business is still recording very strong growth. Impact of the Strait of Hormuz blockade is minimal With market concerns about the situation in the Middle East, CKH's Co-Managing Director, Li Qiming, stated that the single event of the blockade of the Strait of Hormuz has minimal impact on CKH's overall business. When the shipping industry experiences prolonged disruptions, it often drives demand for storage, and the group has instead seen good growth No Decision Yet on Spin-off of Telecommunications and Retail Business for Listing Additionally, regarding the rumors of CKH Holdings spinning off its telecommunications and retail businesses for listing, both Victor Li and Canning Leung pointed out that there is currently no decision made. The group continues to regularly assess opportunities to enhance long-term value for each business and will provide updates at the appropriate time