Financial Performance - The group reported operating revenue of approximately RMB 1.372 billion, a decrease from RMB 1.540 billion in the previous year, representing a decline of about 10.9%[5]. - The basic net profit attributable to shareholders of the parent company was approximately RMB 134 million, while the net loss attributable to shareholders was about RMB 291 million[4]. - The group experienced a net loss of RMB 287 million for the year, compared to a net loss of RMB 118 million in the previous year[6]. - Rental income for 2025 was RMB 1,366,795 thousand, down from RMB 1,534,716 thousand in 2024, representing a decrease of approximately 10.9%[27]. - Revenue from property sales for 2025 was RMB 5,425 thousand, compared to RMB 5,716 thousand in 2024, indicating a decline of about 5.1%[27]. - Total financial income for 2025 was RMB 2,387 thousand, a decrease of 50.2% from RMB 4,802 thousand in 2024[30]. - Financial expenses for 2025 amounted to RMB 653,352 thousand, down from RMB 721,631 thousand in 2024, reflecting a reduction of approximately 9.5%[30]. - The company reported a net loss attributable to shareholders of RMB 290,782,000 for 2025, compared to a net loss of RMB 113,441,000 in 2024, resulting in a basic and diluted loss per share of RMB 0.06 for 2025, up from RMB 0.02 in 2024[34][35]. Asset and Liability Management - As of December 31, 2025, the group's net asset liability ratio was approximately 39.7%[4]. - Total assets decreased to RMB 67.683 billion from RMB 68.131 billion in the previous year[10]. - Total liabilities slightly decreased to RMB 30.880 billion from RMB 31.063 billion in the previous year[10]. - The group's investment properties decreased to RMB 62.881 billion from RMB 63.079 billion year-on-year[8]. - The group reported a total equity of RMB 36.804 billion, down from RMB 37.068 billion in the previous year[10]. - As of December 31, 2025, the group's current liabilities exceeded current assets by approximately RMB 7,620.9 million, compared to RMB 7,954.4 million in 2024[12]. - Total bank and other borrowings amounted to RMB 15,003.8 million, down from RMB 15,555.7 million in 2024, with current borrowings at RMB 5,017.5 million and non-current borrowings at RMB 9,986.3 million[12]. - The total amount of loans due within one year decreased to RMB 5,017,521,000 in 2025 from RMB 5,732,567,000 in 2024, reflecting improved cash flow management[38]. Tax and Regulatory Matters - The group has an outstanding land appreciation tax principal and accumulated late fees totaling approximately RMB 2,565.9 million as of December 31, 2025, compared to RMB 2,305.2 million in 2024[13]. - The group faces potential cross-default on bank borrowings totaling RMB 4,022.0 million due to late payment of land appreciation tax, with interest of RMB 14.9 million[14]. - Management is actively communicating with local tax authorities to seek feasible settlement options for unpaid land appreciation tax and has sold commercial properties to repay part of the tax[16]. - Current income tax for 2025 included RMB 6,525 thousand for corporate income tax and RMB 29 thousand for land value increment tax, totaling RMB 6,554 thousand[30]. - The effective tax rate for corporate income tax in China remains at 25% for 2025, consistent with 2024[32]. Operational Efficiency - The company has implemented measures to control administrative expenses and conserve capital expenditures to improve operating cash flow[16]. - The company is focused on controlling administrative costs and saving capital expenditures to enhance operating cash flow[30]. - The company completed over 6,770 safety inspections in 2025, achieving a 100% hidden hazard rectification rate[45]. - The company signed over 1,700 green contract clients, achieving a year-on-year carbon reduction of 25%[45]. - The company has committed to not laying off employees or delaying payments to suppliers, maintaining operational stability during economic pressures[44]. Financial Reporting and Compliance - The revised Hong Kong Financial Reporting Standards have been adopted, but they did not have a significant impact on the group's consolidated financial statements[18][19]. - The company is currently assessing the impact of new Hong Kong Financial Reporting Standards on its consolidated financial statements, particularly regarding the structure of the consolidated income statement and cash flow statement[26]. - There were no significant post-reporting date events that would impact the group[71]. Employee and Shareholder Matters - The group employed approximately 1,650 employees as of December 31, 2025, including 1,474 in property management[65]. - The board of directors decided not to declare a final dividend for the year, consistent with the previous year[67]. - As of December 31, 2025, the total number of issued shares was 5,199,524,031, unchanged from December 31, 2024[69].

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 或任何部份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。 茲提述SOHO中 國 有 限 公 司（「本公司」）日 期 為2026年3月16日之公告，內容有關本 公司將於2026年3月26日（星 期 四）舉 行 旨 在（其 中 包 括）批 准 本 公 司 及 其 附 屬 公 司 截 至2025年12月31日止年度之年度業績及其發佈，並考慮及批准股息之建議、宣 派 及 派 發（如 有）之 董 事 會（「董事會」）會 議（「董事會會議」）。 董事會謹此宣佈，董事會會議之日期將更改為2026年3月31日（星 期 二）。 SOHO中國有限公司 （於開曼群島註冊成立的有限公司） （股份代號：410） 更改董事會會議日期 承董事會命 SOHO中國有限公司 徐 晉 主 席 香港，2026年3月25日 於本公告日期，本公司之執行董事為潘石屹先生、潘張欣女士、徐晉女士及錢霆 先生；及本公司之獨立非執行董事為黃晶生先生、熊明華先生及張民耕先生。 SOHO CHINA LIMITED ...

SOHO CHINA LIMITED SOHO中國有限公司 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 或任何部份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。 SOHO中 國 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 2026年3月26日（星 期 四）舉 行，藉 以（其 中 包 括）批 准 本 公 司 及 其 附 屬 公 司 截 至 2025年12月31日止年度之年度業績及其發佈，並考慮及批准股息之建議、宣派及 派 發（如 有）。 承董事會命 SOHO中國有限公司 徐 晉 主 席 香港，2026年3月16日 於本公告日期，本公司之執行董事為潘石屹先生、潘張欣女士、徐晉女士及錢霆 先生；及本公司之獨立非執行董事為黃晶生先生、熊明華先生及張民耕先生。 （於開曼群島註冊成立的有限公司） （股份代號：410） 董事會會議通告 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: SOHO 中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00410 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | 0 | | HKD | | 0 | | 本月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: SOHO 中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00410 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 5,199,524,031 0 5,199,524,031 增加 / 減少 (-) 0 0 本月底結存 5,199,524,031 0 5,199,524,031 足夠公眾持股量的確認(註4) 第 2 頁 共 10 頁 v 1.2.0 第 1 頁 共 10 頁 v 1.2.0 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: SOHO 中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00410 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: SOHO 中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00410 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 ...

Core Insights - The article highlights the shift of Pan Shiyi and Zhang Xin from being asset holders in China's real estate market to active developers in the U.S. real estate sector, marking a significant transformation in their investment strategy [1][8]. Group 1: Investment Strategy - Pan Shiyi and Zhang Xin's family office, Seven Valleys, has acquired five adjacent plots in New York's Upper East Side for approximately $62.5 million, with plans to invest nearly $76 million in total for further development [1]. - This marks their first project in the U.S. as self-owned developers, indicating a strategic pivot from merely holding assets to actively managing real estate developments [1][8]. - The couple's asset scale has reportedly exceeded $5 billion, establishing them as a "hidden real estate empire" [1]. Group 2: Domestic Asset Sales - SOHO China has been characterized by a strategy of selling off assets, with Pan Shiyi initially selling non-core assets, including two properties in Shanghai for a total of 5.232 billion yuan in 2014 [3][5]. - Over the past seven years, SOHO China has sold numerous properties, totaling over 30 billion yuan in cash from asset sales since 2014 [4][5]. - The "Eight Treasures" refers to SOHO China's core properties, and selling these would effectively liquidate their domestic assets [6][7]. Group 3: International Acquisitions - Since 2014, Pan Shiyi has not purchased any new domestic projects, instead focusing on significant acquisitions in the U.S., including a $700 million purchase of a building in Manhattan in 2011 [8]. - The couple has engaged in various overseas investments, with Pan Shiyi's family trust funding these ventures, separate from SOHO China's operations [8][9]. Group 4: Philanthropy and Public Image - Pan Shiyi has cultivated a public persona through social media, gaining over 20 million followers, while also engaging in various philanthropic efforts, including substantial donations to Harvard and Yale [10][11]. - The couple's philanthropic activities have drawn scrutiny, particularly regarding the timing of their donations in relation to their children's education at these institutions [11].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: SOHO 中國有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00410 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 7,500,000,000 | HKD | | 0.02 HKD | | 150,000,000 ...

Group 1 - Closer Properties, owned by Zhang Xin, has acquired five adjacent lots in Manhattan's Upper East Side for $62.5 million, planning to develop a luxury apartment building with retail space [2] - This marks Zhang Xin's first ground-up development project in New York, amidst a slowdown in new developments by other developers in Manhattan [2] - Closer Properties aims to focus on high-end boutique apartments in historic neighborhoods like the Upper East Side, West Village, and Chelsea, addressing the demand for modern housing in areas with older properties lacking services [2] Group 2 - Pan Shiyi and Zhang Xin have resigned from their executive roles at SOHO China to focus on art and charity, while retaining their positions as executive directors [3] - The couple's resignation may indicate a shift towards a professional management structure and a strategy for risk isolation [3]