Quality Policy Statement

To accomplish the mission, Management has committed themselves to expanding the Company's business activities and to providing quality properties and services to its customers. As such, an efficient and effective quality system is established to continually meet internal and external customers' requirements. Management also places particular emphasis on staff performance and the quality of work which are considered as important attributes to the Company's success.

Kowloon Development Company Limited was incorporated in Hong Kong on 24 January 1961.  Since then, the Company has primarily been engaged in investment in, as well as development and management of, properties in Hong Kong.

In 1982, the Company acquired approximately 11% shareholdings in The Kowloon Motor Bus Holdings Limited which was subsequently distributed to the shareholders as special interim dividend in specie in June 2001.

During the 1980s, the Group was also involved in the operation of cinemas and in the production and distribution of Chinese movies.

Redevelopment of the Group's flagship property, Pioneer Centre, a commercial complex in Mongkok, was completed before listing of the Company on The Stock Exchange of Hong Kong Limited effective on 4 July 1995.

On 18 December 2001, 51.5% of the shares of the Company were acquired by Intellinsight Holdings Limited (“IHL”), a wholly-owned subsidiary of Polytec Holdings International Limited, and the Company became a subsidiary of the Polytec Group.  In January 2002, Polytec Holdings International Limited made a mandatory unconditional cash offer for the remaining shares and share options of the Company pursuant to the Hong Kong Code on Takeovers and Mergers.  At present, IHL is holding 70.59% of the issued share capital of the Company. Under new Management, the Group has been playing an active role in the property market of Hong Kong, Macau and Mainland China.