Core Viewpoint - China Jinmao (00817) plans to sell 100% equity of its subsidiary, Jinmao (Sanya) Tourism Co., Ltd., for asset securitization purposes, with a listing price of RMB 2.2646 billion [1] Group 1 - The subsidiary is primarily holding the Ritz-Carlton Hotel in Yalong Bay, Sanya, which is a five-star hotel that opened in 2008 and has 446 guest rooms and suites [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。 China Jinmao Holdings Group Limited 中國金茂控股集團有限公 司 （於香港註冊成立的有限公司） （股票代號：00817） 香港，2025年11月21日 提示性公告 中國金茂控股集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司全資附 屬公司上海金茂投資管理集團有限公司（「上海金茂」）基於資產證券化之目的擬出 售其所持金茂（三亞）旅業有限公司（「目標公司」）100%股權（「擬議出售」），並已 就擬議出售於北京產權交易所進行公開掛牌，掛牌底價為人民幣2,264.60百萬元。 目標公司主要持有金茂三亞亞龍灣麗思卡爾頓酒店，該酒店為一家五星級酒店， 於2008年開業，擁有446間客房及套房。 於本公告之日，尚未根據公開掛牌的競價程序確定目標公司100%股權的受讓方及 擬議出售的對價，亦未就擬議出售訂立任何有約束力的協議。 在確定目標公司100%股權的受讓方後，上海金茂將 ...

Core Insights - The "Good House, Good Home, Good Life" housing promotion event in Nanjing will take place on November 22, showcasing 96 properties from 12 districts, catering to various consumer needs [1][2] Group 1: Event Overview - The event aims to present high-quality housing options through tangible craftsmanship, experiential scenarios, and quantifiable standards, highlighting the appeal of "good houses" in Nanjing [2] - A diverse range of properties will be available, including affordable options starting at 2 million yuan for a 79 square meter unit in Yuhua District, and upgraded products from local state-owned enterprises [2] Group 2: Subsidy and Promotions - The "old-for-new" housing policy in Nanjing is nearing its deadline, offering a 1% government subsidy on new housing contracts, creating a window of opportunity for residents to upgrade their homes [3] - The event will feature exclusive discounts, fixed-price offers, and group purchase deals from participating developers, alongside enhanced financial support from banks to lower the cost of acquiring quality housing [3] Group 3: One-Stop Service Platform - The promotion will establish a one-stop service platform for housing consumption, providing comprehensive services including transaction policy consultation, financial services, and public fund usage advice [4] - Various local specialties, cultural elements, and interactive activities will be showcased to enhance the community experience and promote Nanjing's cultural heritage [4]

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。 股東特別大會的投票結果 China Jinmao Holdings Group Limited 中國金茂控股集團有限公 司 （於香港註冊成立的有限公司） （股票代號：00817） 2025年11月19日舉行的股東特別大會投票結果 中國金茂控股集團有限公司（「本公司」）董事會（「董事會」）欣然公佈，於2025年 11月19日舉行的股東特別大會（「股東特別大會」）上提呈的決議案已由本公司獨 立股東以投票方式正式通過。 謹此提述本公司日期均為2025年11月4日的通函（「通函」）及股東特別大會通告。 除非文義另有所指，否則本公告所用詞彙應與通函所界定者具相同涵義。 1 以下董事出席了股東特別大會：陶天海先生、張輝先生、喬曉潔女士、崔焱先 生、劉文先生、陳一江先生、王葳女士、劉峰先生、孫文德先生、高世斌先生及 鍾偉先生。 承董事會命 中國金茂控股集團有限公司 就於股東特別大會上提呈的決議案的投票結果如下： | ...

Core Viewpoint - The joint development dispute over the Huangshanmu store site has been resolved through a reconciliation announcement, signaling the need for improved cooperation mechanisms among real estate companies to avoid future conflicts and ensure long-term collaboration [1][16]. Group 1: Background of the Joint Development - In April 2025, a consortium including China State Construction Intelligence, China Jinmao, and Yuexiu Real Estate won the bid for the Huangshanmu store site in Beijing's Chaoyang district for 12.6 billion yuan [3]. - The site was divided into two parts for development: the southern part "Zijing Chenyuan" managed by China State Construction Intelligence and the northern part "Puyue" managed by Yuexiu Real Estate, with China Jinmao focusing on product design [3][4]. Group 2: Shareholding Structure and Management - The shareholding structure shows that China State Construction Intelligence holds 50.1% in the southern project, while Yuexiu holds 17%, indicating a potential imbalance in decision-making power [4]. - The northern project has shareholdings of 49.9% for China State Construction Intelligence, 33.1% for China Jinmao, and 17% for Yuexiu, further complicating the management dynamics [4]. Group 3: Initial Cooperation and Marketing Strategy - The companies initially agreed on differentiated product strategies to avoid direct competition, with specific housing types planned for each project [5]. - A unified pricing strategy was established to maintain price consistency across both projects, leading to significant initial sales success [6]. Group 4: Emergence of Conflicts - Tensions arose when China State Construction Intelligence accused Yuexiu of engaging in malicious competition, undermining the agreed pricing logic and damaging overall project interests [8][11]. - Specific allegations included unreasonable pricing strategies and targeted marketing attacks that led to customer losses for the southern project [11][14]. Group 5: Resolution and Future Outlook - The reconciliation announcement on November 16 indicated that the companies reached a new agreement on key issues such as rights and responsibilities, allowing the project to resume normal operations [16]. - The effectiveness of the new cooperation model and the prevention of similar conflicts in the future remain to be seen [16].

来源：环球网 【环球网综合报道】11月16日晚，北京兴鼎房地产开发有限公司（中建智地+朝阳城开）、北京方兴亦 城置业有限公司（中国金茂）、广州越秀华城房地产开发有限公司（越秀地产）发布联合声明。 声明显示，北京朝阳黄杉木店项目（推广名紫京宸园、璞樾）是由北京兴鼎房地产开发有限公司、北京 方兴亦城置业有限公司与广州越秀华城房地产开发有限公司三家联合竞得并合作开发的项目。 各股东方经过坦诚协商、充分共创、达成共识，将秉持专业、阳光、公开、透明的原则，推进项目开发 经营各项工作，向社会及客户提供更好的产品和服务。 感谢社会各界的关注，也感谢广大客户朋友的理解与包容。 据悉，4月28日，黄杉木店地块由中建智地+中国金茂+越秀地产+朝阳城发联合体以126亿元的底价摘 得。项目包括南、北两幅住宅地块，南地块紫京宸园由中建智地主导营销，北地块璞樾则由越秀负责营 销与物业。 图源：中 建智地在北京 ...

备受关注的北京126亿元"地王"项目操盘权之争，以多方和解告终。 11月16日晚，中建智地、中国金茂、越秀地产发布联合声明称，北京朝阳黄杉木店项目（推广名紫京宸园、璞樾）是由北京兴鼎房地产开发有限公司、北京 方兴亦城置业有限公司与广州越秀华城房地产开发有限公司三家联合竞得并合作开发的项目。 各股东方经过坦诚协商、充分共创、达成共识，将秉持专业、阳光、公开、透明的原则，推进项目开发经营各项工作，向社会及客户提供更好的产品和服 务。 据第一财经报道，近日，一封由北京兴鼎房地产开发有限公司（中建智地旗下公司）发给广州国资委的"举报信"，在业内流传。围绕北京璞樾项目，央企中 建智地作为大股东，称操盘方越秀未遵循定价规则，对部分房源"暗中调价"，并影响了隔壁项目的销售。据接近双方企业人士处消息，上述"举报信"的存在 属实，目前项目各方股东正就该事件进行积极协商，争取妥善解决营销相关的问题。 据悉，针对市场此前最关注的操盘权争议，后续南北"双地块"将由三家联合操盘营销。同时，针对项目品质及服务，股东方将建立常态化沟通机制，公开项 目进展、透明化管理流程，从工程建设到物业服务，保障业主的合法权益。 今年4月28日，据北京规 ...

Group 1 - The core viewpoint of the report indicates that the stabilization of the residential balance sheet suggests a potential bottoming out in the real estate market, but the speed of improvement will determine the duration of this bottoming process [3][4] - The report highlights that since 2021, China's housing prices have cumulatively declined by 37%, which is longer than the average decline of 34% over 6.1 years in 42 countries, indicating that while the price drop is significant, the adjustment period in China is still relatively short [22][7] - The report identifies five major opportunities in the industry, including the stabilization of the residential asset-liability ratio, a decrease in the housing price-to-income ratio, improving rental yields, a bullish stock market potentially boosting wealth effects, and a deep clearing of supply-side issues [3][4] Group 2 - The industry outlook predicts a structural bottoming out, with opportunities arising for quality housing and commercial real estate, driven by policies focusing on demand recovery and high-quality development [3][4] - The report anticipates that the core cities will stabilize sooner due to healthier supply-demand relationships, with a forecast for sales volume and price declines to narrow in 2025-2026 [3][4] - The report maintains a "positive" rating for the real estate sector, recommending specific companies in the quality housing and commercial real estate segments, as well as undervalued firms and property management companies [3][4]

本文字数：997，阅读时长大约1.5分钟 2025.11.17 作者 |第一财经 孙梦凡 备受关注的北京豪宅合作纠纷事件，各方股东终于"握手言和"。 11月16日深夜，中建智地、越秀北京、金茂北京发布联合声明，针对北京朝阳黄杉木店项目（推广名紫 京宸园、璞樾），各股东方经过坦诚协商、充分共创、达成共识，将秉持专业、阳光、公开、透明的原 则，推进项目开发经营各项工作，向社会及客户提供更好的产品和服务。 这意味着，针对黄杉木店组团项目，三方将共同推进各项开发经营工作。三方股东一致承诺，将摒弃内 部分歧，以朝青板块长远价值为核心，通过统一规划衔接、协同营销节奏、规范定价机制，避免无序竞 争，共同维护市场健康生态。 据悉，针对市场此前最关注的操盘权争议，后续南北"双地块"将由三家联合操盘营销。同时，针对项目 品质及服务，股东方将建立常态化沟通机制，公开项目进展、透明化管理流程，从工程建设到物业服 务，保障业主的合法权益。 璞樾及"兄弟项目"紫京宸园，是当前北京市场上的热门新盘。 今年4月份时，"中建智地+金茂+越秀+朝阳城开"联合体，以126亿元拿下黄杉木店组合地块。随后项目 被分为两部分开发，南地块（紫京宸园）由中 ...

2025.11. 17 本文字数：997，阅读时长大约1.5分钟 作者 | 第一财经 孙梦凡 备受关注的北京豪宅合作纠纷事件，各方股东终于"握手言和"。 11月16日深夜，中建智地、越秀北京、金茂北京发布联合声明，针对北京朝阳黄杉木店项目（推广 名紫京宸园、璞樾），各股东方经过坦诚协商、充分共创、达成共识，将秉持专业、阳光、公开、透 明的原则，推进项目开发经营各项工作，向社会及客户提供更好的产品和服务。 联合声明 中建智地在北京 2025年11月16日 22:51 北京 63人 北京朝阳黄杉木店项目(推广名紫京宸 园、璞樾）是由北京兴鼎房地产开发有限公 司、北京方兴亦城置业有限公司与广州越秀 华城房地产开发有限公司三家联合竞得并合 作开发的项目。 据悉，针对市场此前最关注的操盘权争议，后续南北"双地块"将由三家联合操盘营销。同时，针对项 目品质及服务，股东方将建立常态化沟通机制，公开项目进展、透明化管理流程，从工程建设到物业 服务，保障业主的合法权益。 璞樾及"兄弟项目"紫京宸园，是当前北京市场上的热门新盘。 今年4月份时，"中建智地+金茂+越秀+朝阳城开"联合体，以126亿元拿下黄杉木店组合地块。随后项 目 ...