Dividend History

Upcoming Dividend Payment Dates

	Announced	Ex-dividend date	Record date	Payment date
Second interim dividend announced with the 2023 second half results	14 Mar 2024	10 Apr 2024	12 Apr 2024	03 May 2024

'A' Shares (HK$)

EXCEL

Year	Earnings/(loss) per share	Dividends per share	Equity attributable to shareholders per share	Underlying earnings/(loss) per share
2023	19.96	11.32	186.03	25.03
2022	2.81	3.00	177.75	3.18
2021 (Restated)	2.24	2.60	177.49	3.52
2020 (Restated)	(7.61)	1.70	174.66	(2.92)
2019	6.00	3.00	182.04	11.85
2018	15.74	3.00	180.09	5.68
2017	17.34	2.10	168.58	3.15
2016	6.41	2.10	149.50	2.04
2015	8.93	3.90	145.22	6.58
2014	7.36	3.90	145.40	6.47

'B' Shares (HK$)

EXCEL

Year	Earnings/(loss) per share	Dividends per share	Equity attributable to shareholders per share	Underlying earnings/(loss) per share
2023	3.99	2.26	37.21	5.01
2022	0.56	0.60	35.55	0.64
2021 (Restated)	0.45	0.52	35.50	0.70
2020 (Restated)	(1.52)	0.34	34.93	(0.58)
2019	1.20	0.60	36.41	2.37
2018	3.15	0.60	36.02	1.14
2017	3.47	0.42	33.72	0.63
2016	1.28	0.42	29.90	0.41
2015	1.79	0.78	29.04	1.32
2014	1.47	0.78	29.08	1.29

Note:

Underlying earnings per share principally adjust for net valuation movements on investment properties and the associated deferred tax in the Chinese Mainland and the USA, and for other deferred tax provisions in relation to investment properties.

Note: