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    2   HK0002007356

CLP HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  03:08 2022-12-02 am EST
54.80 HKD   -3.64%
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CLP Power Hong Kong Limited - Dancers Promote Energy Saving in Finale of CLP We Love Dance Programme

09/26/2022 | 10:02am EST

CLP Power Hong Kong Limited (CLP Power) organised a final competition to conclude its We Love Dance programme, where eight teams of talented dancers selected from 50 entrants took to the floor their dance moves designed around themes of love, electricity and energy saving in a show of creativity and vigour.

CLP Power Managing Director Mr T K Chiang said, 'CLP Power has been at the heart of Hong Kong community for more than 120 years, with a shared vision of a better tomorrow. During the ongoing pandemic, we organised the We Love Dance programme with an aim to energise the city. I was very impressed with the creativity of the contestants who incorporated elements of love and environmental protection into their dances, promoting green lifestyles and low-carbon living to the public in a novel and fun way.

This is very much consistent with our goal to make Hong Kong a sustainable and dynamic city towards its goal of achieving carbon neutrality before 2050.' Officiating guest, Secretary for Culture, Sports and Tourism Mr Kevin Yeung, said, 'Art has no boundaries. The finalists are very original and they inventively communicated the messages of green living through their inspiring dance pieces. The CLP We Love Dance programme not only makes it easier to convey the environmental protection messages in people's daily lives, but also allows participation from all walks of life from young to elderly. The SAR Government encourages creativity and innovation in the pursuit of arts. Hong Kong is a place with a unique culture and a melting pot of Chinese Culture and cultures around the world, we hope to develop Hong Kong further into a vibrant city where diverse cultures shine.' The finalists competed for awards in a children and youth category and an open category.

Judging panel members included CLP Power Chief Corporate Development Officer Ms Quince Chong, renowned choreographer and creator of the CLP We Love Dance programme's theme dance Mr Wong Cho-yiu and prominent choreographer and 'The Way We Dance' actress Ms Lydia Lau. Winners were chosen on key criteria: CLP Power Hong Kong Limited 2 Choreography and dance technique, presentation of the themes of love, electricity, and energy saving, creativity, teamwork and costume. In a thrillingly competitive final, Girls Effect won the children and youth category and Rockz Elements won the open category.

All the winning teamsreceived fabulous prizes and energy saving appliances. A full list of the winners is contained in the appendix. CLP Power launched the We Love Dance programme in 2021, encouraging people across the city to exercise through dance, save energy, and help the underprivileged. When participants joined dance activities, electricity subsidies up to a maximum of HK$2 million were given to CLP Power Connect beneficiaries, including elderly people, disabled people, low-income families, and tenants of subdivided units. The amount of the subsidies was based on the number of dances completed by participants, with each dance representing five units of electricity for people in need. In addition to the dance competition, the CLP We Love Dance programme arranged more than 100 community classes, and a mobile truck toured 14 districts of the city so that members of the public could try out a dance mat designed by CLP engineers and join an online family dance challenge.

About CLP Power Hong Kong Limited

CLP Power Hong Kong Limited ('CLP Power') is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer service to more than six million people in its supply area.

Contact:

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TOLL FREE:1877 CITIADR (2484237)

E: citibank@shareholders-online.com

WEB: https://www.citi.com/adr

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 85 184 M 10 952 M 10 952 M
Net income 2022 9 908 M 1 274 M 1 274 M
Net Debt 2022 52 316 M 6 726 M 6 726 M
P/E ratio 2022 14,0x
Yield 2022 5,71%
Capitalization 138 B 17 800 M 17 800 M
EV / Sales 2022 2,24x
EV / Sales 2023 2,17x
Nbr of Employees 8 183
Free-Float 71,6%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 54,80 HKD
Average target price 70,73 HKD
Spread / Average Target 29,1%
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Managers and Directors
Richard Kendall Lancaster Chief Executive Officer & Executive Director
Nicolas Alain Marie Tissot Chief Financial Officer
Michael David Kadoorie Chairman
David Christopher Smales Chief Operating Officer
Roderick Ian Eddington Independent Non-Executive Director
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