Kowloon Development Company Limited announced the Board of Directors of the Company (the "Board") has recommended the payment of a final dividend (the "Final Dividend") of HKD 0.57 per share for the year ended 31 December 2023 by way of new fully paid shares of the Company ("Scrip Shares") (2022: HKD 0.57 in cash). Together with the 2023 interim dividend of HKD 0.26 per share (2022: HKD 0.26), the full year dividend for 2023 amounts to HKD 0.83 per share (2022: HKD 0.83).