Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 1,267,852,000, a decrease of 38.9% from RMB 2,078,120,000 in 2024[4] - Gross profit increased to RMB 246,467,000 from RMB 136,471,000, representing an increase of 80.5% year-over-year[4] - The company reported a net loss of RMB 575,309,000 for the year, compared to a net loss of RMB 4,054,953,000 in 2024, indicating a significant reduction in losses[4] - The fair value loss on investment properties was RMB 305,500,000, a substantial decrease from RMB 3,870,533,000 in the previous year[4] - Basic and diluted loss per share for the year was RMB (10.65), compared to RMB (79.63) in the previous year[5] - The company reported a loss attributable to shareholders of RMB 542,088,000 for 2025, compared to a loss of RMB 4,051,720,000 in 2024, indicating a significant reduction in losses[43] - The loss for the reporting period was approximately RMB 575,300,000, compared to a loss of approximately RMB 4,055,000,000 for the year ended December 31, 2024[58] Revenue Breakdown - For the fiscal year ending December 31, 2025, total revenue reached RMB 1,267,852,000, with property development contributing RMB 1,158,243,000 and property investment contributing RMB 109,609,000[22] - The fiscal year ending December 31, 2024, saw total revenue of RMB 2,078,120,000, with property development at RMB 1,969,010,000 and property investment at RMB 109,110,000[23] - The company’s total external revenue for property development and investment combined was RMB 1,267,852,000 for 2025 and RMB 2,078,120,000 for 2024[22][23] - Rental income for the fiscal year ending December 31, 2025, was RMB 104,354,000, compared to RMB 102,035,000 for the fiscal year ending December 31, 2024[27] - The group recorded rental income and property management revenue of approximately RMB 109,600,000 during the reporting period, compared to RMB 109,100,000 in the previous year[71] Assets and Liabilities - Current liabilities amounted to RMB 14,299,115,000, with a net current liability of RMB 5,415,830,000 as of December 31, 2025[6] - Total assets decreased from RMB 16,857,920 thousand in 2024 to RMB 14,631,053 thousand in 2025, a decline of approximately 13.2%[30] - Total liabilities decreased from RMB 16,312,451 thousand in 2024 to RMB 14,599,617 thousand in 2025, a decline of about 10.5%[31] - The company’s equity attributable to owners decreased to RMB (174,815,000) from RMB 331,627,000 in 2024[7] - The company’s total receivables increased to RMB 140,264,000 in 2025 from RMB 132,227,000 in 2024, with overdue receivables amounting to RMB 99,361,000[46][49] Financing and Debt - As of December 31, 2025, the company has overdue borrowings totaling RMB 3,749,648,000, with accrued interest of RMB 539,947,000[13] - The total amount of default and cross-default borrowings is RMB 5,553,068,000, with total accrued interest of RMB 765,609,000[13] - The company is actively seeking new financing options, including equity financing, to meet existing financial obligations and future operating expenses[17] - The company has provided mortgage guarantees to banks amounting to approximately RMB 1,644,600,000 as of December 31, 2025[99] - The company holds convertible bonds with a principal amount of HKD 300,000,000, with an annual interest rate of 2% and a conversion price of HKD 0.09 per share[96] Operational Strategies - The company plans to accelerate the pre-sale and sale of developed properties to generate sufficient cash inflow[14] - The board believes that, considering the financial situation and plans, the company will have sufficient funds to meet its financial obligations for the next 12 months[15] - The group plans to maintain a prudent financial policy and strengthen risk control measures in response to unprecedented pressures on liquidity[74] - The company has taken various plans and measures to improve its liquidity and financial position[114] Corporate Governance - The group has established an audit committee to review and oversee the financial reporting process and internal controls[108] - The board will continuously monitor and review the corporate governance practices to ensure compliance with listing rules[107] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[123] Market Conditions - The total area of unsold commercial buildings in China is expected to reach approximately 766,300,000 square meters by the end of 2025, an increase of about 1.6% year-on-year[74] - The group will continue to closely monitor market developments and actively respond to the cyclical characteristics of the industry to adapt to the changing market environment[75] Employee and Administrative Costs - The total amount of employee costs, excluding directors' remuneration, was RMB 19,457,000 in 2025, down from RMB 36,226,000 in 2024[40] - The group experienced a significant reduction in administrative expenses, decreasing to approximately RMB 23,500,000 in 2025 from RMB 47,000,000 in 2024, due to staff reductions[88]

香港交易及結算所有限公司以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，概不會就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之任何損失承擔任何責任。 CHINA SANDI HOLDINGS LIMITED 中 國 三 迪 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 910） 盈利預告 — 減少虧損 本公告乃中國三迪控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港聯 合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章證券及 期貨條例第XIVA部項下內幕消息條文（定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及本公司有意投資者， 根據本公司現有可得資料及初步審閱本集團截至二零二五年十二月三十一日止年度（「二 零二五財政年度」）未經審核綜合管理賬目，本集團預期於二零二五財政年度錄得虧損約 人民幣500,000,000元至人民幣650,000,000元，較截至二零二四年十二月三十一日止年度（「二 ...

香港交易及結算所有限公司以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，並明確表示概不會就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之任何損失承擔任何責任。 CHINA SANDI HOLDINGS LIMITED 中 國 三 迪 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 910） 郭加迪 香港，二零二六年三月十九日 於本公告日期，董事會包括執行董事郭加迪先生及王超先生；非執行董事Amika Lan E Guo女士；以及獨立非執行董事廖亦意先生、余華秀女士及章建嬋女士。 董事會會議日期 中國三迪控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二六 年三月三十一日（星期二）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司截 至二零二五年十二月三十一日止年度之期末業績，並考慮派發末期股息（如有）。 承董事會命 中國三迪控股有限公司 主席 ...

香港交易及結算所有限公司以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，概不會就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之任何損失承擔任何責任。 CHINA SANDI HOLDINGS LIMITED 中 國 三 迪 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 910） 委任公司秘書 及 重新遵守上市規則第3.28條 重新符合上市規則第3.28條 自潘先生獲委任為本公司公司秘書後，本公司已符合上市規則第3.28條之規定。 提交復牌建議 委任公司秘書 茲提述中國三迪控股有限公司（「本公司」）日期為二零二五年四月十六日之公告（「該公 告」），內容有關（其中包括）何詠紫女士（「何女士」）辭任本公司公司秘書（「公司秘書」）。 除另有指明外，本公告所用詞彙具有該公告所賦予之涵義。 本公司董事（「董事」）會（「董事會」）欣然宣佈，潘偉剛先生（「潘先生」）獲委任為上市規則 第3.28條項下之公司秘書，自二零二六年三月十一日起生效，以填補何女士辭任後之空缺。 潘先生於財務管理、企業管治、公司秘書實務及企 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 315.72 million, a 63.5% increase from RMB 192.95 million in the same period of 2024[5] - Gross profit for the same period was RMB 62.96 million, down 21.0% from RMB 79.59 million year-on-year[5] - The net loss for the period was RMB 263.47 million, compared to a net loss of RMB 291.04 million in the previous year, representing a 9.4% improvement[6] - Basic and diluted loss per share for the period was RMB 4.65, an improvement from RMB 5.69 in the same period last year[6] - The company reported a total loss before tax of RMB 286,337,000 for the six months ended June 30, 2025, compared to a loss of RMB 371,014,000 for the same period in 2024[30] - The group recorded an annual loss of RMB 263,467,000 for the six months ended June 30, 2025[11] - The company reported a loss attributable to shareholders of RMB 236,665,000 for the six months ended June 30, 2025, compared to a loss of RMB 289,500,000 for the same period in 2024, indicating a reduction in losses[34] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 9.79 billion, down from RMB 10.79 billion as of December 31, 2024[7] - Non-current assets decreased to RMB 5.93 billion from RMB 6.07 billion at the end of 2024[7] - Current liabilities amounted to RMB 15.07 billion, a decrease from RMB 15.96 billion at the end of 2024[8] - The total amount of default and cross-default borrowings is RMB 5,409,583,000, with default and cross-default interest payable of RMB 515,407,000[12] - The group’s current liabilities amounted to RMB 15,067,825,000, with a net current liability of RMB 5,273,340,000[11] - The company reported total bank and other borrowings of RMB 5,567,943,000 as of June 30, 2025, down from RMB 5,833,124,000 as of December 31, 2024[39] - The total amount of defaults and cross-defaults on bank and other borrowings was RMB 5,409,583,000 as of June 30, 2025, compared to RMB 5,674,024,000 as of December 31, 2024[44] Revenue Breakdown - Revenue for the six months ended June 30, 2025, was RMB 315,724,000, with property sales contributing RMB 265,267,000[18] - Revenue from property management and related fees was RMB 1,410,000, while rental income was RMB 49,047,000[18] - For the six months ended June 30, 2025, total revenue was RMB 315,724,000, with property development contributing RMB 265,267,000 and property investment contributing RMB 50,457,000[21] - Revenue from property sales increased to approximately RMB 265,267,000, compared to RMB 144,315,000 in the same period last year, representing 84.0% of total revenue[70] - Property investment income was approximately RMB 50,457,000, up from RMB 48,630,000 in the same period last year, accounting for 16.0% of total revenue[70] Cash Flow and Financing - The company’s cash and cash equivalents decreased to RMB 46.30 million from RMB 100.42 million at the end of 2024[7] - The group is actively seeking new financing options, including equity financing, to meet existing financial obligations and future operating expenses[17] - The group plans to extend the repayment schedule for certain borrowings and has received written commitments from major stakeholders to not demand repayment for at least one year[13] - The group faces significant liquidity pressure due to tightened sales and financing conditions, necessitating prudent financial policies and risk control measures[69] - The group is experiencing liquidity pressure and difficulties in obtaining financing due to a challenging debt financing environment, actively communicating with banks regarding loan extensions[98] Operational Challenges - The group anticipates continued low property sales in the near future due to a sluggish real estate market, which may significantly impact operations[97] - The group faced significant challenges in pre-sale performance due to the sluggish property market in China, with no clear signs of recovery as of the announcement date[98] - The group has achieved a 100% ownership interest in several key investment properties, including shopping malls and hotels, contributing to stable income sources[67] Employee and Governance - The group employed a total of 135 employees as of June 30, 2025, down from 163 employees as of December 31, 2024, indicating a reduction in workforce[95] - The total remuneration paid to employees was approximately RMB 10,800,000 during the reporting period, a decrease from RMB 18,300,000 in the same period last year[95] - The board emphasizes effective governance principles, including a well-functioning board and transparency, to protect shareholder interests[99] - The roles of the Chairman and CEO are currently held by the same individual, with plans to review this structure in the future as needed[100][101] Market Conditions - The total salable area of commercial housing nationwide was approximately 458,500,000 square meters, a year-on-year decrease of about 3.5%[69] - The group has several ongoing projects in Shaanxi and Fujian provinces, with completion dates expected in 2024 and 2026, contributing to future sales potential[58] - The group maintains a strategy to ensure sufficient land reserves to support future development, with a focus on high-quality land[64]

CHINA SANDI HOLDINGS LIMITED 中 國 三 迪 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 910） 董事會會議日期 中國三迪控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二六 年三月六日（星期五）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司截至二 零二五年六月三十日止六個月之中期業績，並考慮派發中期股息（如有）。 承董事會命 香港交易及結算所有限公司以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，概不會就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之任何損失承擔任何責任。 香港，二零二六年三月三日 於本公告日期，董事會包括執行董事郭加迪先生及王超先生；非執行董事Amika Lan E Guo女士；以及獨立非執行董事廖亦意先生、余華秀女士及章建嬋女士。 中國三迪控股有限公司 主席 郭加迪 ...

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: 中國三迪控股有限公司 呈交日期: 2026年3月3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) | 00910 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 ...

Financial Performance - The Group recorded total revenue of approximately RMB2,078.1 million for the year, representing a decrease of approximately 37.1% compared to the previous year[15]. - Gross profit for the year was approximately RMB136.5 million, a decrease of approximately 73.2% from the previous year[15]. - Loss attributable to the owners of the Company amounted to approximately RMB4,051.7 million, with basic losses per share at RMB79.63 cents, compared to earnings per share of RMB9.13 cents in 2023[15]. - Total revenue for the reporting period was approximately RMB2,078.1 million, representing a decrease of approximately 37.1% compared to RMB3,302.8 million for the year ended 31 December 2023[33]. - Gross profit for the reporting period was approximately RMB136.5 million, a decrease of approximately 73.2% from RMB509.9 million for the year ended 31 December 2023[33]. - Loss for the reporting period was approximately RMB4,055.0 million, compared to a loss of approximately RMB422.4 million for the year ended 31 December 2023[33]. - The Group's revenue from property sales decreased to approximately RMB1,969.0 million for the reporting period, down from approximately RMB3,171.6 million in 2023, representing a decline of about 37.9%[78]. Sales and Contracted Properties - Contracted property sales for the year were approximately RMB167.0 million, with a contracted gross floor area of approximately 14,140 sq.m., representing decreases of approximately 80.2% in sales and 84.7% in GFA compared to the previous year[15]. - Contracted sales amount for the Group was approximately RMB167.0 million, representing a decrease of approximately 80.2% compared to RMB842.1 million for the year ended 31 December 2023[33]. - Contracted gross floor area (GFA) was approximately 14,140 square meters for the reporting period, a decrease of approximately 84.7% from 92,601 square meters for the year ended 31 December 2023[33]. - The average selling price of contracted sales was RMB11,810 per square meter, with a total contracted sales area of approximately 14,141 square meters[44]. - The average selling price of properties was approximately RMB11,739 per square meter, with total sales revenue of RMB1,961.0 million from 167,043 square meters sold[81]. Market Environment and Strategy - The decrease in contracted sales was mainly attributed to the depressed real estate sales market environment in 2024[37]. - The Group aims to ensure project development and delivery, manage cash flow effectively, and consolidate strategic advantages amid a downturn in the real estate market[17]. - Policies addressing financing difficulties for real estate enterprises are expected to restore confidence in high-quality real estate companies by 2026[23]. - The Group's strategic goal focuses on a dual-drive model of real estate and assets, employing a premium strategy for market synergy[28]. - The Group plans to adjust marketing strategies in 2026 to enhance sales returns and maintain steady growth[72][74]. Property Development and Projects - The Group had 9 property projects under development as of 31 December 2024, focusing on residential properties and mixed-use complexes in key cities including Shanghai, Fuzhou, Xian, and Baoji[36]. - The Group's ongoing projects include a hotel in Fuzhou with a GFA of 89,668 sq.m. and commercial/hotel developments in Shanghai totaling 182,450 sq.m.[70]. - The Sandi Bahe Yihao project has a total GFA of 235,433 sq.m. and has recorded contracted sales of approximately RMB 26.9 million since its pre-sale commencement in 2022[56]. - The Sandi Manhattan project in Shanghai has a site area of approximately 104,251 sq.m. and has recorded contracted sales of approximately RMB 34.3 million from its pre-sales commencement up to December 31, 2024[59]. - The Sandi Jiangshan Waterfront project in Fujian Province has a total GFA of 310,176 sq.m. and is expected to be completed in 2025[50]. - The Sandi Jinyu Gaoxin project has a total GFA of 94,661 sq.m. with 105,114 sq.m. under development, expected to be completed in 2025[50]. - The Sandi Yasong Fengdan Garden project is expected to be completed in 2024, with a total GFA of 38,539 sq.m.[50]. - The Sandi Xishanyuan project in Zhejiang Province has a total GFA of 177,010 sq.m. and is expected to be completed in 2025[50]. - The Group's projects include a mix of residential and commercial developments, with a focus on high-end quality and ecological environments[56]. - The Group has a strategic focus on expanding its presence in key urban areas, including Xi'an and Shanghai, to enhance its market position[55]. Financial Position and Liabilities - As of December 31, 2024, the Group's bank and other borrowings amounted to approximately RMB5,833.1 million, down from RMB6,047.8 million in 2023[116]. - The Group's gearing ratio rose to approximately 1,241.7% in 2024 from 150.2% in 2023, indicating a substantial increase in leverage[111]. - The debt ratio increased to approximately 96.76% in 2024 from 79.5% in 2023, reflecting a higher proportion of liabilities to total assets[111]. - Cash and cash equivalents decreased to approximately RMB100.4 million in 2024 from RMB148.1 million in 2023[110]. - The Group's net current liabilities were approximately RMB5,170.8 million in 2024, compared to net current assets of approximately RMB1,267.2 million in 2023[112]. - The current ratio fell to approximately 67.6% in 2024 from 91.1% in 2023, indicating a decline in short-term financial health[112]. Corporate Governance - The Company has adopted the corporate governance principles emphasizing effective Board, sound internal control, and transparency to safeguard shareholders' interests[143]. - The Board comprises 6 Directors, including 2 executive Directors, 1 non-executive Director, and 3 independent non-executive Directors, ensuring a balance of skills and experience[154]. - The Company complied with the Corporate Governance Code except for the deviation regarding the segregation of roles between the Chairman and the CEO[144]. - The Company has received annual confirmations from all independent non-executive Directors regarding their independence, in compliance with Rule 3.13 of the Listing Rules[154]. - The Board's primary responsibilities include formulating long-term corporate strategies and overseeing the management of the Group's operations[150]. - The Company has mechanisms to ensure independent views are available to the Board, including annual independence confirmations from independent non-executive Directors[157]. - The Board will review the management structure and may separate the roles of Chairman and CEO when necessary[146]. - The Company appointed new independent non-executive Directors to comply with the minimum requirements after a previous resignation[154]. Audit and Risk Management - The Audit Committee reviewed the financial statements for the year ended December 31, 2023, and the interim financial statements for the six months ended June 30, 2024, making recommendations to the Board for approval[175][177]. - The Audit Committee is responsible for reviewing the relationship with external auditors, including their fees and terms of engagement, and making recommendations on their appointment, re-appointment, and removal[174]. - The Audit Committee reviewed the adequacy and effectiveness of the Company's financial reporting system, internal control system, and risk management system[174]. - The Audit Committee monitored the effectiveness of the Group's risk management and internal control systems, ensuring robust financial reporting procedures[184]. - The Audit Committee found no major disagreements between the external auditor and management during the reporting period, indicating effective communication and oversight[186][190].

香港交易及結算所有限公司以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，概不會就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之任何損失承擔任何責任。 CHINA SANDI HOLDINGS LIMITED 本公告乃由中國三迪控股有限公司（「本公司」）根據上市規則第13.09條及證券及期貨條例（香 港法例第571章）第XIVA部之內幕消息條文作出。 中 國 三 迪 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號： 910） 有關二零二五年中期業績預期刊發時間的更新 茲提述本公司於二零二五年八月二十九日、二零二五年九月三十日、二零二六年一月八 日及二零二六年一月十四日刊發的公告（統稱「該等公告」）。除另有指明外，本公告所用 詞彙與該等公告所界定者具有相同涵義。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 中國三迪控股有限公司 主席 有關二零二五年中期業績預期刊發時間的更新 誠如該等公告所披露，本公司截至二零二五年六月三十日止六個月的中期業績公告及中 期報告（「二零二五年中期業績 ...

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: 中國三迪控股有限公司 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) | 00910 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 ...