Far East Consortium International Limited ("FEC" or the "Group"; SEHK: 35) is 
delighted to announce that Care Park was appointed by Macquarie Principal 
Finance Group ("Macquarie") to manage and operate SKYCITY's car park in 
Auckland, New Zealand, after Macquarie has won a 30-year concession for the car 
park at SKYCITY's casino and Convention Centre, which is the largest car 
parking operations in New Zealand comprising 3,300 bays to meet the demand for 
the New Zealand International Convention Centre currently under construction.

Care Park currently operates 48 car parks in New Zealand, three of which are 
self-owned. The partnership with Macquarie will increase Care Park's car 
parking bays under management in New Zealand by 35% to approximately 13,000 
bays, which will set a solid basis to further enhancement and assist the growth 
of Care Park's operations in New Zealand. Care Park and Macquarie would 
actively strive to enhance customer experience through a range of new marketing 
and promotional initiatives. This partnership would represent a successful 
cooperation model between Care Park and international infrastructure funds like 
Macquarie.

Along with changes in times and flourishing technology, Care Park will 
implement a series of technology initiatives to enhance customer experience and 
drive revenue, including "My Care Park pre-booking platform" and "My Care Park 
App", which provides patrons search and GPS directions guidance. Furthermore, 
Care Park will introduce initiatives to ensure a seamless parking experience 
via the use of license plate recognition to reduce entry and exit times and 
upgrade the existing parking control system. By using digital marketing 
platforms, it can provide yield management, enhanced external identification, 
and internal directional guidance signage, which can enhance customer services 
to a higher level.

Mr. Chris HOONG, Managing Director of FEC said, "I believe the cooperation with 
Macquarie will significantly benefit Care Park's New Zealand operations. We are 
honored that we have an opportunity to work with successful international 
infrastructure funds like Macquarie. The Group is full of faith that both 
parties could benefit from this partnership."

Mr. Robert BELTEKY, Managing Director of Care Park said, "Care Park is proud to 
be selected by Macquarie as a partner in the operation of New Zealand's most 
iconic car park. We also appreciate the support of SKYCITY in endorsing Care 
Park's vision to deliver technology and marketing initiatives to ensure 
SKYCITY's patrons enjoy increased levels of services and experience in seamless 
parking. Care Park has been a major parking services provider in New Zealand 
for over 15 years. This is one of our largest management agreements to 
reinforce our goodwill as a partnership-focused manager with a philosophy of 
working in cooperation with property owners to deliver the outcomes they seek 
to achieve."

About Far East Consortium International Limited

Far East Consortium International Limited has been listed on the Hong Kong 
Stock Exchange since 1972 (HKEx stock code: 35.HK). The Group is mainly engaged 
in property development and investment, hotel operations and management, car 
park operations and facilities management, securities and financial product 
investment and gaming operations. The Group adopts the diversified regional 
strategy and the "Asian Wallet" strategy with business covering Hong Kong, 
mainland China, Australia, New Zealand, Malaysia, Singapore, the United Kingdom 
and other European countries.

About Care Park

FEC operates its car park business through its subsidiary Care Park. As one of 
the largest car parking operators in Australia and New Zealand, Care Park has 
expanded to the United Kingdom, Hungary and Malaysia. As at 30 September 2018, 
it has a portfolio of 461 car parks and approximately 92,740 car parking bays, 
including 35 self-owned car parks and 426 managed car parks.

FEC official website:
www.fecil.com.hk 

SOURCE: Far East Consortium International Limited