香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 越秀地產股份有限公司 余達峯 公司秘書 香港，二○二五年四月三十日 於本公告刊發日期，董事會成員包括： 執行董事： 林昭遠（董事長）、朱輝松、江國雄、賀玉平、陳靜及劉艷 非執行董事： 張貽兵及蘇俊杰 獨立非執行董事： 余立發、李家麟、劉漢銓及張建生 广州市城市建设开发有限公司公司债券年度报告（2024 年） 广州市城市建设开发有限公司 公司债券年度报告 （2024 年） 二〇二五年四月 0 广州市城市建设开发有限公司公司债券年度报告（2024 年） 重要提示 发行人承诺将及时、公平地履行信息披露义务。 本公司董事、高级管理人员已对年度报告签署书面确认意见。公司监事会（如有）已 对年度报告提出书面审核意见，监事已对年度报告签署书面确认意见。 发行人及 ...

Group 1 - Guangzhou's land market experienced a surge in transactions before the May Day holiday, with Yuexiu Property acquiring three plots in Baiyun District for a total price of approximately 2.545 billion yuan [2] - The first plot, located in the Baiyun District, was won by Yuexiu Property after over 20 bidding rounds, with a floor price of 33,623.6 yuan per square meter and a total land price of about 1.415 billion yuan [2] - The second plot, also in Baiyun District, was acquired for approximately 481 million yuan, with a floor price of 13,380 yuan per square meter and a premium rate of 15.61% [3] Group 2 - The third plot was secured by Yuexiu Property for around 649 million yuan, with a floor price of 18,745.34 yuan per square meter, following over 20 rounds of bidding [3] - Since October of the previous year, both new and second-hand home transaction volumes in Guangzhou have shown a continuous year-on-year increase for six months, indicating a stabilization in the market [4] - Yuexiu Property reported a strong performance in Q1, achieving 5.069 billion yuan in equity amount and 6.647 billion yuan in total amount, ranking second in four categories [4] - The company plans to focus on core cities and regions, particularly in first-tier cities and key second-tier provincial capitals, with a land acquisition budget of approximately 30 billion yuan for 2025, maintaining the same level as the previous year [4]

Core Viewpoint - The Guangzhou land market experienced a surge in activity ahead of the May Day holiday, with four residential land parcels planned for auction, totaling a starting price of 8.73 billion yuan. Two parcels in Baiyun District were successfully auctioned, while a high-value commercial land parcel in Tianhe District was withdrawn from sale due to market caution [1]. Group 1: Auction Results - The Baiyun District land parcel on Sha Tai Road was acquired by Guangzhou Yuxiu Real Estate Development Co., Ltd. for 141.515 million yuan, reflecting a premium of 21.5% over the starting price [1]. - The Baiyun District Jiahe Wanggang AB2112039 parcel was won by Guangzhou Hengxiu Real Estate Development Co., Ltd. for 48.132 million yuan, with a premium of 15.6% [1]. - Both winning companies are subsidiaries of Yuexiu Property [1]. Group 2: Market Conditions - The Tianhe Financial City land parcel was announced to be withdrawn from sale, indicating market caution towards large-scale, high-total-price parcels with a significant commercial component [1]. - The three Baiyun District parcels have relatively small sizes and favorable market conditions, attracting multiple bidders and indicating a recovery in the land market [13]. Group 3: Land Parcel Details - The Sha Tai Road parcel has a starting price of 116.515 million yuan and attracted nine bidders, highlighting strong interest in the area [5]. - The Jiahe Wanggang AB2112039 parcel has a starting price of 41.632 million yuan and includes obligations for the developer to construct public infrastructure and educational facilities [8][12]. - The Jiahe Wanggang AB2112050 parcel, also in Baiyun District, has a starting price of 54.857 million yuan and includes similar obligations for public infrastructure [11].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 股東週年大會通告 茲通告越秀地產股份有限公司（「本公司」）謹訂於二○二五年六月二十日（星期五）上午 十時十五分假座香港灣仔謝斐道238號香港諾富特世紀酒店B3層宴會廳1-4舉行股東週年 大會（「二○二五年股東週年大會」），藉以處理下列事項： 普通決議案 (b) 根據上文(a)分段之授權，本公司可購回之本公司股份數目不得超過於本決議 案通過當日本公司已發行股份數目（不包括任何庫存股份）之10%（可根據股份 拆細及╱或合併的情況予以調整），而該項授權亦須受此限制；及 (c) 就本決議案而言，「有關期間」指由本決議案通過之日起至下列三者中之最早 日期止之期間： (i) 授予上文(a)分段所載之批准後本公司舉行的下屆股東週年大會結束時； (ii) 授予上文(a)分段所載之批准後本公司須召開下屆股東週年大會之期限屆 滿時；及 (iii) 本決議案所授予之批准 ...

（在香港註冊成立的有限公司） （股份代號：00123） 通知信件 敬啟者： 刊發下列文件之通知（「刊發文件」） 越秀地產股份有限公司（「公司」）謹通知 閣下，公司上述的刊發文件備有英文及中文版本，並於此信件日期或 前後於公司網址www.yuexiuproperty.com及香港聯合交易所有限公司網址www.hkexnews.hk載有。公司或公司 的股份登記處卓佳證券登記有限公司（「股份登記處」），亦存有刊發文件的印刷本。 若 閣下已選擇（或被視為已同意選擇）透過公司的網站查閱所有公司刊發的公司通訊，惟在接收或查閱刊發文 件時遇到困難，閣下可填妥以下回條並與此信件一併(a)電郵至yuexiuproperty-ecom@vistra.com；或(b)傳真至 (852) 28909350；或(c)以郵遞寄回，向股份登記處免費索取印刷本。 閣下亦可使用隨附之表格－更改選擇表格隨時免費更改公司的公司通訊所選擇的收取方式或語言版本。 倘 閣下對於以上事宜有任何疑問，請於星期一至星期五（香港公眾假期除外）上午九時正至下午五時正，致電 股份登記處諮詢熱線(852) 2980 1333查詢。 此致 各現有登記股東 台照 代表 ...

（在香港註冊成立的有限公司） （股份代號：00123） 致新登記股東 列位股東： 選擇公司通訊的收取方式 根據香港聯合交易所有限公司證券上市規則第2.07A條及第2.07B條以及越秀地產股份有限公司（「本 公司」）章程細則，本公司向 閣下提供有關收取本公司將予發出以供各股東參照及╱或採取行動的 任何文件的下述方案，其中包括但不限於：(a)董事會報告、年度賬目連同核數師報告及（如適用）財 務摘要報告；(b)中期報告及（如適用）中期摘要報告；(c)會議通告；(d)上市文件；(e)通函；(f)代表 委任表格；及(g)本公司回條（「公司通訊」）： 香港 夏愨道16號 遠東金融中心17樓 此外，倘 閣下於選擇收取網上版本後因任何原因在收取或獲得公司通訊方面出現困難，只要提出 要求，本公司會即時免費向 閣下寄發公司通訊的印刷本。 在行使上述選擇權時，請 閣下在隨本函附上的回覆表格（「回覆表格」）上適當的空格內劃上「√」號， 填妥並在回覆表格上簽名，然後把回覆表格寄回或傳真到 (852) 2890 9350或親手交回股份過戶登記 處上述的地址。倘 閣下於香港郵遞回覆表格，可使用回覆表格內的郵寄標籤寄回。 倘本公司於二○二五 ...

此乃要件 請即處理 閣下對本通函任何方面或應採取的行動如有任何疑問，應諮詢 閣下之股票經紀或其他註 冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之越秀地產股份有限公司（「本公司」）股份全部售出或轉讓，應立即將本通 函連同隨附之代表委任表格送交買主或承讓人，或經手買賣之銀行、股票經紀或其他代理 商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在香港註冊成立的有限公司） （股份代號：00123） (1) 建 議 發 行 新 股 份 及 購 回 股 份 之 一 般 授 權； (2) 建 議 重 選 董 事； 及 (3) 股東週年大會通告 本公司謹訂於二○二五年六月二十日（星期五）上午十時十五分假座香港灣仔謝斐道 238號香 港諾富特世紀酒店B3層宴會廳1-4舉行股東週年大會，大會通告載於本通函內。無論 閣 下能否出席大會，務請根據隨附代表委任表格上印備之指示，填妥該表格及儘快交回本公 司股份過戶登記處卓 ...

PM 260 / 附錄 260 / 社會榮譽 263 / 可持續發展政策制度列表 267 / ESG績效 273 / 獨立鑒證報告 276 / 香港聯合交易所《ESG報告指引》指標索引 281 / GRI準則指標索引 287 / SASB指標索引 288 / 央企控股上市公司ESG專項報告參考指標索引 297 / 意見回饋表 2 / 主席寄語 6 / 可持續發展方針 26 / 2024年度可持續發展進展 28 / 邁向2030可持續發展重點：2024年度亮點摘要 30 / 我們的減碳藍圖 32 / 越秀地產簡介 34 / 關於本報告 36 / 重要議題及持份者參與 目 錄 第一章 氣候智慧與 生態足跡 44 / 第二章 可持續建築與 綠色運營 98 / 第三章 可持續社區與 美好生活 154 / 第四章 可持續治理與 人才培育 188 / 第五章 可持續金融與 智慧賦能 234 / 成就美好生活 林昭遠先生 越秀地產股份有限公司董事長 可持續發展委員會主席 隨著全球逐步擺脫疫情的陰霾，穩步邁向復蘇，房地產行業在這一過程 中面臨著諸多挑戰和機遇。政策環境的不斷優化與調整，為行業提供了 新的發展方向和前所未有的發 ...

Financial Performance - The company's operating revenue for the year ended December 31, 2024, was RMB 86,400,562, an increase of 7.3% from RMB 80,222,011 in 2023[11]. - Gross profit for 2024 was RMB 9,053,918, down 26.5% from RMB 12,257,627 in 2023[11]. - Profit attributable to equity holders was RMB 1,040,055, a decrease of 67.3% compared to RMB 3,185,085 in 2023[11]. - Core net profit for 2024 was RMB 1,593,276, down 54.4% from RMB 3,493,235 in 2023[11]. - The gross profit margin was approximately 10.5%, a decrease of 4.8 percentage points year-on-year[75]. - The profit attributable to equity holders for 2024 was approximately RMB 1.04 billion, a significant decrease of 67.3% from 3.19 billion in 2023[95]. - The cumulative contract sales amount for 2024 was approximately RMB 114.54 billion, a year-on-year decrease of 19.4%, with a total sales area of about 3.92 million square meters, down 11.9%[96]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 410,452,984, an increase from RMB 401,178,728 in 2023[12]. - Total liabilities increased to RMB 306,373,816 in 2024 from RMB 298,969,948 in 2023[12]. - Cash and cash equivalents totaled RMB 50,049,249 as of December 31, 2024, compared to RMB 46,097,860 in 2023[12]. - The company's equity per share was RMB 13.73 as of December 31, 2024, slightly down from RMB 13.82 in 2023[12]. - As of December 31, 2024, total borrowings were approximately RMB 103.89 billion, with a net gearing ratio of 51.7%[125]. Dividends - The company declared a dividend of RMB 0.173 per share for 2024, down from RMB 0.347 in 2023[11]. - The board decided not to declare a final dividend for 2024, compared to a dividend of RMB 0.134 per share in 2023[123]. Sustainability Initiatives - Carbon emission intensity for public projects decreased by 22.37% compared to 2019, while residential projects saw a reduction of 3.91%[28]. - The company has set a target to reduce carbon emission intensity for public projects by 40% and for residential projects by 19% by 2030 compared to 2019 levels[37]. - The company has been recognized with a four-star rating in the Global Real Estate Sustainability Benchmark (GRESB) for two consecutive years[33]. - The company aims to achieve "net zero" targets through the promotion of green building technologies and sustainable community development practices[51]. - The company is committed to reducing carbon emissions by implementing zero-energy and zero-carbon building designs, successfully creating two "zero" projects[43]. Market Expansion and Strategy - The company is focusing on market expansion and new product development as part of its future strategy[11]. - The company aims to achieve at least 50% of its bonds and loans from sustainable finance by 2030[60]. - The company is actively pursuing new strategies for market expansion, including potential acquisitions and partnerships to enhance its development capabilities[187][199]. Project Development - The company acquired 24 new land parcels in 2024, totaling a construction area of approximately 2.71 million square meters[104]. - The total land reserve held by the company is approximately 19.71 million square meters, with 36.5% located in the Greater Bay Area[106]. - The company is currently developing multiple real estate projects across various cities, including Hangzhou, Nanjing, Wuhan, Zhengzhou, Changsha, Chengdu, and Xi'an, with a total land area of approximately 1,000,000 square meters[183][186][189][192][195][198]. Employee and Community Engagement - The company achieved a customer satisfaction score of 88 for residents and 97.59 for tenants, with a 100% employee training coverage rate[29]. - The company introduced the "Green Living Path" and "Sustainable Development Badge" initiatives in 2024 to enhance community engagement and social value[50]. - The group employed approximately 15,180 employees as of December 31, 2024, down from 18,800 employees on June 30, 2024[139]. Financial Management - The group's financial indicators under the "three red lines" policy remained in the "green" category, with a debt-to-asset ratio of 68.1%, a net debt ratio of 51.7%, and a cash-to-short-term debt ratio of 2.1 times[63]. - The weighted average borrowing cost decreased by 33 basis points year-on-year to 3.49%, maintaining a leading position in the industry[63]. - The group's working capital was approximately RMB 120.28 billion, down from RMB 128.08 billion in 2023, with a current ratio of 1.5[127]. Risk Management - The group is closely monitoring domestic and international interest rate market changes to optimize its debt structure and manage interest rate risks[132]. - The group anticipates continued support from central policies for economic recovery in China, despite challenges such as a slow recovery in the real estate market and internal consumption[133].

Core Viewpoint - The Beijing land market has shown significant activity and growth during the "golden March and silver April" period, with a notable increase in land transaction value and a shift towards innovative community planning standards under the "good housing" policy [1][10]. Group 1: Land Market Activity - The successful auction of the last land parcel in April marked a strong conclusion to the land market activity, with a total transaction value of approximately 235.86 billion yuan, representing a year-on-year increase of 176.34% [1][10]. - The land parcel in Tongzhou was acquired by China Railway Construction for 775.52 million yuan, with a premium rate of 21.94%, after 215 rounds of bidding [2][3]. Group 2: Policy Impact - The "good housing" policy has relaxed standards for new residential buildings, allowing for increased efficiency in land use and encouraging developers to create more attractive housing products [4][8]. - The promotion of an open street block system aims to enhance community interaction and optimize urban space, aligning with modern residential needs [5][6]. Group 3: Developer Behavior - Developers are increasingly eager to acquire land in prime areas, driven by the potential for high profit margins and short development cycles, particularly in light of the favorable market conditions [9][11]. - The competitive bidding environment reflects a shift in buyer preferences from merely having housing to seeking quality living spaces, further motivating developers to enhance their offerings [8][9]. Group 4: Future Outlook - The land market is expected to continue its upward trend, supported by improved cash flow for developers and a more favorable financing environment, which collectively enhance the attractiveness of land investments [11][12]. - The focus on high-quality land parcels that meet specific market criteria is likely to remain a key strategy for developers in the evolving Beijing real estate landscape [11].