1. The Board would like to thank the Company&rsquo s long-time shareholders for their support over the years. The Company has consistently demonstrated that it will align its yearly dividend with the profitability of the Group. The Board will deliberate on the dividend when the profit is determined at the close of the financial year, taking into consideration other factors such as the Company&rsquo s growth plans, availability of funds and the general economic environment. 

 

2. The Travelodge Docklands hotel (the &ldquo Hotel&rdquo ) is strategically located near to the multipurpose Marvel Stadium, tourist attractions and many commercial buildings. It is wellconnected via major transportation nodes such as the Southern Cross Railway Station, the Melbourne City Circle Tram and the SkyBus Melbourne City Express which runs between the Melbourne Airport and the Southern Cross Railway Station. Notwithstanding the competitive market conditions in Melbourne, the Hotel continues to contribute positively to the Group&rsquo s profitability and cash flow. The Company has no intention of selling the Hotel at this juncture. We will continue to work closely with the hotel operator to improve the occupancy and room rates of the Hotel in order to drive profitability.