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Pursuant to the transactions and arrangements entered into by the Group with persons who are connected persons for the purposes of the Listing Rules, the Group recorded the transactions as described in note 30 to the financial statements.

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For the year ended 31 December 2017 and up to the date of this Annual Report, the Company and/or its subsidiaries have been entered into certain continuing connected transactions, with details below, which were subject to reporting and announcement requirements but are exempt from the independent shareholders' approval requirement under Chapter 14A of the Listing Rules:

1.

24 December 2013

6 January 2017

HPAL

Henderson Property Agency Limited ("HPAL"), a wholly-owned subsidiary of Henderson Land

Development Company Limited ("HLD")

Hung Hom Sales Management Agreement between Well Dynamic Limited ("WDL"), a wholly-owned subsidiary of the Company, and HPAL, for the appointment of HPAL as the sales manager of the development of Hung Hom Inland Lot No. 555, Kowloon, Hong Kong located at the junction of Gillies Avenue South and Bulkeley Street, Hung Hom, Kowloon, Hong Kong (the "Hung Hom Property") for a term of three years commencing from 1 January 2014 to 31 December 2016. Hung Hom Sales Management Agreement expired on 31 December 2016.

WDL entered into the Letter Agreement with HPAL for the

appointment of HPAL as the sales manager to provide the Services (as defined in the Hung Hom Sales Management Agreement) in respect of the sale and purchase of the remaining residential units of the Hung Hom Property for a further period of one year commencing from 1 January 2017 and ended on 31 December 2017. The aggregate amount of fees receivable by HPAL as remuneration under the appointment were subject to a ceiling of HK$1,000,000 for the year ended 31 December 2017. The Letter Agreement expired on 31 December 2017.

WDL entered into the Second Letter Agreement with HPAL for the appointment of HPAL as the sales manager to provide the Services (as defined in the Hung Hom Sales Management Agreement) in respect of the sale and purchase of the remaining residential units of the Hung Hom Property for a further term of three years commencing from 1 January 2018 to 31 December 2020 (the "Term of Appointment"). The aggregate amount of fees receivable by HPAL as remuneration under the appointment shall be subject to a ceiling of HK$1,000,000 per annum during the Term of Appointment.

1 December 2017

HPAL

Hong Kong Ferry (Holdings) Company Limited Annual Report 2017