Group 1 - SOHO China (00410) announced the resignation of Wu Xiuwai as the company secretary and authorized representative under the Hong Kong Stock Exchange Listing Rules [1] - The resignation will take effect from August 28, 2025 [1] - Liang Ruibing has been appointed as the new company secretary, authorized representative, and legal process agent to replace Wu, effective from August 28, 2025 [1]

Group 1 - The core viewpoint of the article is that SOHO China reported a decline in revenue and a reduced net loss for the first half of 2025 [1] Group 2 - The company's operating revenue for the first half of 2025 was 690 million RMB, representing a year-on-year decrease of 13.7% [1] - The net loss attributable to shareholders was 91.578 million HKD, which narrowed by 14.85% compared to the previous year [1] - The basic loss per share was 0.02 RMB [1]

Core Viewpoint - SOHO China announced the resignation of its company secretary, Wu Xiuwai, effective from August 28, 2025, and appointed Liang Ruibing as the new company secretary and authorized representative [1] Group 1 - Wu Xiuwai has resigned from her positions as company secretary and authorized representative under the Hong Kong Stock Exchange Listing Rules and as the agent for receiving legal documents in Hong Kong [1] - Liang Ruibing has been appointed to replace Wu Xiuwai, effective from August 28, 2025 [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 CHINA LIMITED 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） 公司秘書、授權代表及 法律程序代理人的變更 SOHO中 國 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，伍 秀 薇 女 士 （「伍女士」）已辭任本公司的公司秘書（「公司秘書」）、香港聯合交易所有限公司（「聯 交 所」）證 券 上 市 規 則 第3.05條 項 下 本 公 司 的 授 權 代 表（「授權代表」）及 公 司 條 例（香 港法例第622章）第16部項下代表本公司於香港接收法律程序文件及通知書的代 理 人（「法律程序代理人」），自2025年8月28日起生效。 伍 女 士 已 確 認，彼 與 董 事 會 並 無 任 何 意 見 分 歧，亦 無 任 何 有 關 彼 辭 任 的 事 宜 需 提請本公司股東或聯交所垂注。 董 事 會 欣 然 宣 佈，梁 ...

Financial Performance - For the six months ended June 30, 2025, the company reported operating revenue of approximately RMB 689.83 million, a decrease from RMB 799.36 million in the same period of 2024, representing a decline of about 13.7%[3] - The company reported a net loss for the period of RMB 90.60 million, compared to a net loss of RMB 109.17 million in the same period of 2024[5] - The net loss attributable to shareholders of the parent company for the period was approximately RMB 91.58 million, compared to a net loss of RMB 107.55 million in the same period of 2024[4] - The company's operating revenue for the six months ended June 30, 2025, was RMB 689,825,000, a decrease of 13.7% compared to RMB 799,362,000 for the same period in 2024[20] - Rental income for the first half of 2025 was RMB 688,027,000, down from RMB 796,017,000 in 2024, reflecting a decline of 13.6%[20] - Gross profit for the current period was approximately RMB 549 million, down about 15.3% from RMB 648 million in the same period of 2024[46] - The gross profit margin for the current period was approximately 80%, compared to 81% in the same period of 2024[47] Assets and Liabilities - The total assets of the company as of June 30, 2025, were RMB 68.09 billion, slightly down from RMB 68.13 billion as of December 31, 2024[6] - The total liabilities of the company were RMB 31.13 billion as of June 30, 2025, compared to RMB 31.06 billion as of December 31, 2024[8] - The company's cash and cash equivalents as of June 30, 2025, were RMB 490.83 million, down from RMB 589.62 million as of December 31, 2024[9] - Total bank loans as of June 30, 2025, amounted to RMB 15,310,452,000, a decrease from RMB 15,555,736,000 as of December 31, 2024[28] - The total liabilities as of June 30, 2025, were RMB 3,302,739,000, compared to RMB 3,011,512,000 as of December 31, 2024, indicating an increase of 9.6%[30] - The group’s current liabilities exceeded its current assets by RMB 8.12 billion as of June 30, 2025, raising significant uncertainty regarding its ability to continue as a going concern[65] Tax and Financial Obligations - The company’s subsidiary, Beijing Wangjing Real Estate Co., received a tax payment notice for land appreciation tax amounting to RMB 1,733,334,000, with RMB 168,600,000 paid as of June 30, 2025, leaving an outstanding balance of RMB 2,434,498,000[10] - The potential tax delinquency could lead to a total of RMB 4,123,000,000 in bank loan principal being at risk of cross-default as of June 30, 2025[11] - The company has a potential cross-default on bank loans totaling RMB 4,123,000,000 due to overdue land value tax as of June 30, 2025[29] - The company has engaged in active communication with local tax authorities to develop feasible solutions for unpaid land appreciation tax and has sold some commercial properties to partially cover these taxes[12] - The company has signed supplemental agreements with major lenders to restructure repayment amounts for loans totaling RMB 4,580,000,000, ensuring no immediate repayment demands from lenders[14] Operational Insights - As of June 30, 2025, the average occupancy rate of the company's investment properties was approximately 80%[3] - SOHO China has maintained an overall occupancy rate of 80% through effective strategies such as renovation, price promotions, and service enhancements, despite the ongoing market adjustments[33] - In the first half of 2025, SOHO China successfully attracted high-quality clients, including Hong Kong University and the social platform Xiaohongshu, which contributed to an increase in overall occupancy rates[34] - The office market is expected to face both opportunities and challenges in the second half of 2025, with ongoing pressure on rental prices but potential recovery driven by policy support and the rise of emerging industries[36] Sustainability and Development - The company has implemented sustainable development initiatives, achieving a 21% energy savings rate across 24 managed properties, resulting in a reduction of 32,000 tons of carbon emissions[35] - In June 2025, 24 projects under SOHO China received WELL HSR health and safety certification, covering 98.4% of the managed area, demonstrating the company's commitment to creating healthy and safe office environments[36] Corporate Governance - The board decided not to declare an interim dividend for the current period, consistent with the previous year[57] - The executive directors include Mr. Pan Shiyi, Ms. Pan Zhangxin, Ms. Xu Jin, and Mr. Qian Ting[66] - The independent non-executive directors include Mr. Huang Jingsheng, Mr. Xiong Minghua, and Mr. Zhang Minggeng[66] - The board of directors is led by Chairman Xu Jin[66] - The announcement reflects the company's ongoing transparency and communication with stakeholders[66] - The financial performance details will be elaborated in the full report available on the respective websites[66] - The company aims to provide strategic insights for investment and corporate decision-making[66] - The focus is on market trends and future outlook in the upcoming detailed report[66]

Core Viewpoint - SOHO China (00410.HK) announced that its board meeting will be held on August 28, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider and approve dividend proposals [1] Group 1 - The board meeting is scheduled for August 28, 2025 [1] - The meeting will focus on approving the interim performance of the company and its subsidiaries for the six months ending June 30, 2025 [1] - The board will also consider and approve dividend proposals, declaration, and distribution if applicable [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 CHINA LIMITED 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） 董事會會議通告 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 2025年8月28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6月30日 止 六 個 月 之 中 期 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，2025年8月18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。 ...

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7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8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 ...

Core Viewpoint - Blackstone Group has officially terminated its acquisition offer for SOHO China, marking the second failed attempt since March 2020, indicating ongoing challenges for SOHO China's privatization efforts [1][2][7]. Acquisition Attempt Summary - The termination of the acquisition was due to insufficient progress in meeting the preconditions required for the offer, leading all parties to agree that the conditions could not be satisfied by the deadline [2][7]. - This is not the first failed acquisition attempt by Blackstone; a previous offer in March 2020 also ended without success due to a lack of consensus [2][3]. Financial Details - Blackstone's latest offer was to acquire 91% of SOHO China at a price of HKD 5 per share, totaling approximately HKD 236.58 billion (around USD 30.48 billion) [4]. - Following the completion of the transaction, the founders of SOHO China, Pan Shiyi and Zhang Xin, would cash out approximately HKD 142.81 billion (around RMB 11.8 billion) while retaining only 9% of the company's shares [5]. Company Background and Performance - SOHO China, founded in 1995 by Pan Shiyi and Zhang Xin, specializes in high-end commercial real estate development in major cities like Beijing and Shanghai [9]. - The company has faced declining revenues and profits since shifting its business model from "development and sales" to "development and holding" in 2012, with net profits dropping significantly from 2018 to 2020 [9][10]. - As of the latest financial report, SOHO China reported a revenue of HKD 8.05 billion for the first half of 2021, a 45% decrease year-on-year, while net profit showed a 67% increase to HKD 3.4 billion [11]. Market Conditions and Future Outlook - The current market conditions, including rising vacancy rates and declining rental prices for prime office spaces in first-tier cities, pose significant challenges for SOHO China's future profitability [10]. - Analysts suggest that the decision to sell assets may be a strategic move in light of the tough regulatory environment and the company's ongoing financial struggles [10].

Core Viewpoint - SOHO China has announced a voluntary conditional cash offer from Two Cities Master Holdings II Limited, represented by Goldman Sachs, to acquire all issued shares at HKD 5.00 per share, representing a premium of approximately 31.6% over the closing price of HKD 3.80 on June 11 [1] Group 1: Offer Details - The offer is conditional upon the fulfillment or waiver of certain preconditions [1] - The offer price of HKD 5.00 per share reflects a significant premium, indicating a strategic interest in acquiring SOHO China [1] Group 2: Offeror Background - The offeror, Two Cities Master Holdings II Limited, is a limited liability company registered in the Cayman Islands as of March 12, 2020, and is wholly owned by Two Cities Master Holdings I Limited [2] - Two Cities Master Holdings I Limited is also a Cayman Islands registered company, with its shares held by various funds managed by Blackstone [2][3] Group 3: Blackstone's Investment Strategy - Blackstone Real Estate Partners Asia II L.P. and Blackstone Real Estate Partners (Offshore) IX L.P. are the main participating funds, with committed capital of approximately USD 7 billion and USD 20 billion, respectively [3] - Blackstone Group Inc. has been a significant investor in China's real estate market since 2008, currently owning about 6 million square meters of property in China [4] Group 4: Future Plans - The offeror plans to maintain the existing business and management of SOHO China while exploring expansion opportunities in China [5] - A detailed strategic review will be conducted post-offer to develop future business plans and optimize the asset portfolio [5] - The company’s shares are set to resume trading on June 17, 2021 [5]