Group 1 - The government is actively creating diverse consumption scenarios to stimulate spending, while short-term rental demand in the commercial market is under pressure in some core cities [5][7] - High-end commercial performance continues to be tested, with many companies reporting a year-on-year decline in retail property income for the first half of 2025 [11][18] - Shopping centers are adapting to popular consumption demands, with a high proportion of new stores being flagship locations and diverse types, including international and niche brands [19][21] Group 2 - The retail market shows uneven performance, with dining brands benefiting from delivery and store expansion, while high-end retail brands face significant challenges [23][24] - E-commerce platforms like JD and Taobao are intensifying competition in instant retail, enhancing their logistics capabilities to create a comprehensive retail ecosystem [31][32] - REITs performance continues to diverge, with Tianhong planning to apply for a REIT based on its Suzhou project, reflecting ongoing trends in the commercial real estate sector [34][40] Group 3 - The commercial market in core cities is experiencing differentiated supply rhythms, with cities like Beijing and Shenzhen seeing significant new supply, while others like Hangzhou show no new supply [8][9] - Vacancy rates vary significantly between cities, with Shenzhen having the lowest at 4.1%, while Shanghai and Chengdu are higher at 8.6% and 9% respectively [9] - In terms of rental levels, Shanghai has the highest average rent at 31.9 yuan/day/sqm, while Shenzhen has the lowest at 18.1 yuan/day/sqm [9] Group 4 - In the context of declining overall consumption growth, Ingka is planning to sell ten shopping centers in China, with the first three projects involving 16 billion yuan [10] - The privatization of Joy City is aimed at addressing market challenges and improving governance, with a buyback plan of 2.932 billion Hong Kong dollars [18] - The performance of high-end retail brands is mixed, with Hermes showing growth while Kering and LVMH face significant declines [27]

Core Viewpoint - *ST Xingguang (002076.SZ) is actively engaged in the production, research, and sales of various mosquito trap products, including adhesive and electric mosquito lamps, aimed at both indoor and outdoor applications [1] Group 1: Product Offerings - The company produces different specifications of mosquito lamps, including those designed for restaurants, hotels, and homes, as well as solar-powered outdoor models suitable for parks, playgrounds, and community areas [1] - The mosquito lamps utilize specific wavelengths of light to attract mosquitoes and employ methods such as electric grids, adhesives, or airflow to eliminate them [1] Group 2: Social Responsibility - As a local manufacturer in Foshan, the company has donated approximately 2,500 mosquito lamps to various local units, including the Red Cross and welfare centers, demonstrating its commitment to social responsibility [1] - The company plans to continue its efforts in production supply and product promotion to provide high-quality mosquito lamps to help mitigate mosquito-related hazards [1]

Core Viewpoint - Joy City Property (00207.HK) has appointed New Baili Financing Limited as an independent financial advisor to assess the fairness and reasonableness of the proposed terms and plans under the Securities and Futures Ordinance [1] Group 1 - The appointment of New Baili Financing Limited is in accordance with the regulatory activities for Type 1 (securities trading) and Type 6 (advising on corporate finance) [1] - The independent financial advisor will provide opinions on whether the proposed terms are fair and reasonable, and whether to vote in favor of the plan at the court meeting for non-interested shareholders [1]

Group 1 - The core viewpoint of the article is that Dalian Wanda Commercial Properties (00207) has appointed New Baili Financing Limited as an independent financial advisor to assess the fairness and reasonableness of the proposed acquisition plan [1] - The appointment is in accordance with the Securities and Futures Ordinance, allowing the advisor to conduct regulated activities related to securities trading and providing advice on institutional financing [1] - The advisor's role includes providing opinions on whether the terms of the proposal are fair and reasonable, and whether to vote in favor of the plan at the court meeting for non-interested shareholders [1]

本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約，亦非徵求任何 司法管轄區之任何投票或批准。 本公告之全部或部分內容不得於、向或自任何司法管轄區發佈、刊發或散佈，否則將構 成違反該司法管轄區之適用法律或法規。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 委任獨立財務顧問 茲提述大悅城地產有限公司（「本公司」）於2025年7月31日刊發的公告（「該公告」），內容有 關（其中包括）根據公司法第99條以協議安排方式建議回購本公司股份。除另有界定外， 本公告所用詞彙與該公告所界定者具有相同涵義。 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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 獨立財務顧問將就建議及計劃發出之意見函件將載於計劃文件內，計劃文件將根據收購 守則及其他適用法律及法規之規定於適當時候寄發予計劃股東。 — 1 — 警告事項 股東及潛在投資者應注意，建議須待條件達 ...

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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約，亦非徵求任何 司法管轄區之任何投票或批准。 本公告之全部或部分內容不得於、向或自任何司法管轄區發佈、刊發或散佈，否則將構 成違反該司法管轄區之適用法律或法規。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 公告 延遲寄發有關 (1) 建議根據公司法第99條以協議安排方式 回購大悅城地產有限公司股份； 及 緒言 茲提述大悅城地產有限公司（「本公司」）所刊發日期為2025年7月31日之公告，內容有關（其 中包括）建議根據公司法第99條以協議安排方式回購本公司股份及建議撤回本公司上市地 位（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者具有相同涵義。 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） (2) 建議撤回大悅城地產有限公司上市地位 之計劃文件 本公司的獨家財務顧問 ...

Core Viewpoint - The company, Joy City Property (00207.HK), reported a total contracted sales area of approximately 164,200 square meters and a total contracted sales amount of approximately RMB 2.749 billion for the six months ending June 30, 2025 [1] Group 1 - The total contracted sales area achieved by the company and its subsidiaries, joint ventures, and associates is about 164,200 square meters [1] - The total contracted sales amount reported is approximately RMB 2.749 billion [1]

Group 1 - The core point of the article is that Dalian Wanda Commercial Properties (00207) reported a significant decline in contract sales for the six months ending June 30, 2025, with a total sales area of approximately 164,000 square meters and a total sales amount of about RMB 2.749 billion, representing a year-on-year decrease of 81.4% [1]

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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 截至2025年6月30日止六個月 之未經審核營運數據 大悅城地產有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬公司（「本集團」） 截至2025年6月30日止六個月之未經審核營運數據如下： | | | 平均租金 | | --- | --- | --- | | 投資物業 | 出租率 | 單價同比 | | 西單大悅城 | ~95% | + ~1% | | 朝陽大悅城 | ~94% | – ~1% | | 天津南開大悅城 | ~98% | – ~4% | | 瀋陽大悅城 | ~95% | – ~4% | | 上海靜安大悅城 | ~95% | + ~13% | | 煙臺大悅城 | ~92% | – ~8% | | 杭州大悅城 | ~91% | + ...

Group 1 - The company successfully bid for land use rights in Sanya for RMB 784.1 million, with the transaction confirmation received on the same day [1] - The land is located in the key area of Sanya's Central Business District, specifically within the Sports Park, providing convenient transportation and dual park views [2] - The company plans to develop a low-density garden community on the acquired land, which is expected to enhance its brand influence and operational scale during the Hainan Free Trade Port's closure period [2] Group 2 - The land is adjacent to existing projects such as COFCO Platinum No. 1 and Sanya Joy City, benefiting from comprehensive supporting facilities including living, education, medical, entertainment, and leisure [2] - The development of this land is anticipated to generate cash flow and stable income and profits for the company upon completion [2] - The acquisition aligns with the company's business development strategy and planning [2]