City Developments Limited

Good morning, ladies and gentlemen, friends from the media, analysts, bankers, investors, and fellow CDL colleagues. My name is Belinda, and I'm the head of investor relations and corporate communications at CDL. On behalf of CDL management and my fellow colleagues, A very warm welcome to CDL's briefing on its unaudited financial results for the full year ended 31st December 2023. Now this is a hybrid briefing format with both in person here at the M Hotel Singapore and also those joining us locally and internationally virtually on the live webcast. Now, thank you, everyone, for being here this morning. For today's briefing, in line with CDL's commitment to environmental sustainability, we will not be providing any printed materials. Now, instead, we encourage you to scan the QR code on the screen to download the documents that has been uploaded on our CDL website and also on SGXNet this morning. They would include a copy of the detailed financial statement, a copy of the press release summarizing some of the key highlights, a presentation deck that the management team will be partially going through this morning, and for our guests that are joining us virtually, you will also similarly be able to download the documents which are available on the CDR website. I would like to introduce you to the CDL management team there on my far left. Now, in the center, we have Mr. Quek Ling Bing, our executive chairman, Mr. Sherman Quek, our group CEO, Mr. Quek Ik Shing, our group COO, Mr. Chia Leong Hong, our group GM, and Ms. Yong Yin Ming, our group CFO. The format of today's briefing will be in two parts. We will kick off with a presentation of some of the key highlights of a performance, then followed by a Q&A opportunity. Now, without further ado, I would like to invite Mr Sherman Quek, our group CEO, to kick-start the presentation. Sherman, please.

Okay, as Belinda is sorting out the technical issues, I just wanted to say good morning to everyone. You know, hard to believe a year has gone by and, you know, now we're into 2024. Thank you, everyone. I know all of you have had a very busy morning. There are three, you know, briefings going on, so appreciate the effort made to rush over to attend ours. I have to say, I'm still a little bit jarred by the fact that Belinda was playing the video that we recorded for our 60th anniversary. And it's always weird to see yourself up on screen and speaking. So thanks for that surprise, as I should call it. You know, it's really thrown me off hook, right? So I almost took this up as the mic, although this is a light. So if I don't present well today, it's because she messed up my rhythm.

The presentation was so scared of your presentation this morning.