当代置业此前公布2025年中期业绩，收益约4.18亿元，同比减少58.42%；公司拥有人应占亏损约11.08 亿元，同比收窄70.79%；每股亏损39.6分。公告称，收益减少主要由于交付面积减少，物业销售的收入 同比减少约 5.705亿元。 智通财经APP获悉，香港联交所最新资料显示，1月5日，当代置业(01107)股东将股票由信达国际证券转 入国泰君安(香港)，转仓市值348.91万港元，占比9.60%。 ...

香港联交所最新资料显示，1月5日，当代置业(01107)股东将股票由信达国际证券转入国泰君安(香港)， 转仓市值348.91万港元，占比9.60%。 当代置业此前公布2025年中期业绩，收益约4.18亿元，同比减少58.42%；公司拥有人应占亏损约11.08 亿元，同比收窄70.79%；每股亏损39.6分。公告称，收益减少主要由于交付面积减少，物业销售的收入 同比减少约5.705亿元。 ...

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: 當代置業(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2日 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01107 | 說明 | 當代置業 | | | | | | | | 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 | | | 2,794,994,650 | | 0 | | 2,794,994,650 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 2,794,994,650 | | 0 | | 2,794,994,650 | 第 2 頁 共 10 頁 ...

Group 1 - A total of 48 stocks reached a 52-week high as of the market close on December 31, with notable performers including Yiyuan Wine Industry (08146), Runge Interactive (02422), and Yucheng Logistics (08489) achieving high rates of 102.94%, 45.35%, and 23.68% respectively [1] - The top three stocks by high rate are Yiyuan Wine Industry at a closing price of 0.385 and a peak of 0.690, Runge Interactive at 1.150 with a peak of 1.250, and Yucheng Logistics at 0.400 with a peak of 0.470 [1] - Other notable stocks that reached new highs include Manman (08186) with a high rate of 23.02% and Wanan Robotics (06600) with a high rate of 12.40% [1] Group 2 - The report also highlights stocks that reached 52-week lows, with Meilian Holdings (02671) experiencing a decline of 16.49%, Contemporary Land (01107) down by 13.33%, and HMVOD Video (08103) down by 11.11% [2] - Other significant decliners include Yunnan Water Affairs (06839) with a drop of 10.34% and Huasheng Bio-B (02396) down by 8.88% [2] - The report lists a total of 52-week low stocks, indicating a challenging market environment for these companies [2]

Green Technology and Sustainability - The company has developed over 100 high-quality green technology products, focusing on five major urban clusters in China and targeting North America for international expansion[12] - The MOMΛ product line achieves energy consumption that is one-third of the typical residential energy needed for the same comfort level in China, maintaining indoor temperatures between 20°C and 26°C[11] - The company emphasizes a focus on green technology and sustainable development, having received multiple awards for its MOMΛ green building projects, including the LEED-ND certification[15] - The company has been recognized as the second model of green real estate operation in China and has received multiple awards for its innovative building standards, including the ACTIVE HOUSE technology innovation award[13] - The real estate market is characterized by a "weak recovery and strong differentiation," with a focus on quality and sustainability as key development factors[19] - The company aims to enhance its green technology capabilities and integrate digitalization into its business model to foster innovation and resilience[23] Financial Performance - The company's property sales revenue for the six months ended June 30, 2025, was approximately RMB 389.9 million, a decrease of about 59.4% compared to the same period in 2024[30] - Property investment revenue for the same period was approximately RMB 10.3 million, down approximately 28.8% from about RMB 14.4 million in 2024[30] - Revenue from real estate agency services was approximately RMB 0.2 million, a decline of about 75.4% compared to RMB 0.7 million in 2024[31] - Hotel revenue for the six months ended June 30, 2025, was approximately RMB 13.8 million, a decrease of about 43.9% from RMB 24.5 million in 2024[31] - Other services generated revenue of approximately RMB 3.4 million, down about 18.5% from RMB 4.2 million in 2024[31] - The group's contract sales for the six months ended June 30, 2025, amounted to approximately RMB 1,040.8 million, a decrease of about 45.2% compared to the same period in 2024[32] - The group's revenue for the six months ended June 30, 2025, was approximately RMB 417.6 million, a decline of about 58.4% from RMB 1,004.3 million in the same period of 2024[38] - The gross profit was approximately RMB 50.2 million, with a gross margin of 12.0%, an increase of about 25 percentage points from a gross loss margin of 13.0% in 2024[40] - The pre-tax loss for the six months ended June 30, 2025, was approximately RMB 1,158.3 million, significantly reduced from RMB 3,869.6 million in the same period of 2024[45] - The company reported a net loss of RMB 3,793,565,000 for the period, with total comprehensive loss amounting to RMB 4,051,717,000[87] - The company reported a loss before tax of RMB 1,158,254 thousand, reduced from a loss of RMB 3,869,601 thousand in the previous year, reflecting a 70% improvement[75] - Total comprehensive loss for the period was RMB 1,159,030 thousand, compared to RMB 4,051,717 thousand in 2024, marking a 71.4% reduction[77] Market Outlook - The overall market is expected to remain in a "slow recovery and differentiation evolution" phase, with a focus on real housing needs and product quality[24] - The company anticipates a "slow recovery and differentiated evolution" in the real estate market for the second half of 2025, focusing on genuine housing demand and product quality[54] Corporate Governance and Shareholder Information - Major shareholder Polar Holdings Limited holds 1,827,293,270 shares, representing 65.38% of the company's equity as of June 30, 2025[56] - China Cinda (Hong Kong) Asset Management Co., Ltd. holds 267,877,500 shares, accounting for 9.58% of the company's equity[57] - The company’s executive director Zhang Lei holds 1,827,293,270 shares through Polar Holdings Limited, representing 65.38% of the company's equity[56] - The company’s executive director Zhang Peng holds 5,982,240 shares through a controlled corporation, representing 0.21% of the company's equity[56] - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ending June 30, 2025[65] - The company did not recommend the payment of an interim dividend for the six months ending June 30, 2025, consistent with the previous year[68] - The company has complied with the corporate governance code during the reporting period, except for certain deviations regarding the rotation of directors and the separation of roles between the chairman and CEO[70] Debt and Financing - The total borrowings as of June 30, 2025, were approximately RMB 24,313.3 million, an increase of about 2.7% from RMB 23,684.2 million at the end of 2024[47] - The group's financing costs increased by approximately 1.4% to RMB 1,142.1 million for the six months ended June 30, 2025, compared to RMB 1,126.6 million in the same period of 2024[44] - The group is actively negotiating with priority noteholders for restructuring and/or extending the maturity of priority notes[103] - The maturity date of company bonds valued at RMB 898,030,000 has been extended to January 31, 2026, with potential further extension to July 30, 2026, pending bondholder approval[103] - The group is facing significant uncertainty regarding its ability to continue as a going concern, dependent on successful implementation of various financial strategies[105] - The company has defaulted on bank loans amounting to RMB 6,024,164,000, which could lead to asset seizure if lenders demand immediate repayment[99] Employee and Management Information - The group had a total of 377 employees as of June 30, 2025, a decrease from 448 employees as of December 31, 2024[53] - Key management personnel compensation totaled RMB 1,158,000 for the first half of 2025, down from RMB 1,620,000 in the prior year, reflecting a reduction of approximately 28.5%[148] Cash Flow and Liquidity - Cash and cash equivalents, including restricted cash, decreased by approximately 5.9% to RMB 317.7 million from RMB 337.6 million at the end of 2024[46] - The company's current liabilities exceeded current assets by RMB 28,091,940,000 as of June 30, 2025, indicating liquidity challenges[99] - The company’s financing activities resulted in a net cash outflow of RMB 8,961,000 for the six months ended June 30, 2025, compared to a net inflow of RMB 61,781,000 in the same period of 2024[92] - The company’s cash flow from investing activities showed a net cash outflow of RMB 332,000, a decline from a net inflow of RMB 130,639,000 in the same period of 2024[92] - The company’s cash and cash equivalents decreased by RMB 2,839,000 due to the sale of subsidiaries, impacting liquidity[132] Legal and Compliance Issues - The group recognized a provision for claims and litigation costs amounting to RMB 764,252,000 as of June 30, 2025, down from RMB 795,384,000 as of December 31, 2024[137] - The company has not published its interim results or interim report for the period ending June 30, 2025, which constitutes a breach of listing rules[71]

| | | 關於本報告 | 2 | | --- | --- | --- | --- | | | | 關於我們 | 3 | | | | 董事會聲明 | 4 | | | | 我們的可持續發展方法 | 5 | | | | 持份者溝通 | 8 | | | | 實質性議題識別 | 10 | | 1. | 綠色科技 | 創新發展 | 11 | | | 1.1 | 綠色戰略與發展規劃 | | | | 1.2 | 加強綠色科技創新能力 | | | | 1.3 | 綠色科技創新成果應用 | | | | 知識產權保護 1.4 | | | | 2. | 綠色運營 | 節能減排 | 14 | | | 高效利用資源 2.1 | | | | | 2.1.1 能源管理 | | | | | 2.1.2 用水管理 | | | | | 減少污染排放 2.2 | | | | | | 2.2.1 廢氣排放管理 | | | | | 2.2.2 廢棄物排放管理 | | | | | 2.2.3 廢水排放管理 | | | | | 2.2.4 噪音及光污染管理 | | | | 應對氣候變化 2.3 | | | | 3. | 以人為本 | 發展晉升 | 28 ...

Green Technology and Sustainability - The company has developed over 100 high-quality green technology products, focusing on five major urban clusters in China and targeting North America for international expansion[11]. - The MOMΛ product line achieves energy consumption that is one-third of the typical residential energy needed for the same comfort level in China, promoting significant energy savings for residents[10]. - The company has established four standardized product lines to cater to different customer segments, enhancing its product replicability and market reach[11]. - The "恐龍3號" product has won the ACTIVE HOUSE Technology Innovation Award, showcasing the company's commitment to integrating prefabricated, net-zero energy, and healthy building systems[12]. - The company has received multiple certifications, including WELL Platinum and Gold certifications for its MOMΛ projects, highlighting its focus on health and sustainability in building design[12]. - The company aims to create a positive ecological environment while generating economic benefits for shareholders through its green technology initiatives[9]. - The company has been recognized as the second-best model for green real estate operations in China, reflecting its leadership in the industry[12]. - The company maintains a strong focus on research and development, continuously upgrading its green technology products to enhance their market competitiveness[10]. - The company emphasizes a development philosophy centered on creating a harmonious and healthy living environment for its customers[9]. - The future strategy emphasizes green technology as a core driver, aiming to extend value chains into consulting, design, and operations within the green building sector[22]. Financial Performance and Market Conditions - For the fiscal year ending December 31, 2024, the company's property sales revenue was approximately RMB 2,997.7 million, a decrease of about 46.7% compared to the previous year[30]. - The average delivery sales price for properties was RMB 10,029 per square meter, while the average price for parking spaces was RMB 58,737 per unit[30]. - The company's total contract sales amounted to approximately RMB 3,180 million, down 42.8% year-over-year, with a total sales area of 310,069 square meters, a decrease of about 40.0%[33]. - The company's revenue for the fiscal year ending December 31, 2024, was approximately RMB 3,133.3 million, a decline of about 45.1% from RMB 5,703.7 million in the previous year[39]. - The company's gross loss for the fiscal year was approximately RMB 455.6 million, with a gross loss margin of about 14.5%[41]. - The real estate market in China showed signs of stabilization in 2024, with a narrowing decline in sales and a notable increase in existing home sales, particularly in core cities[18]. - The company achieved significant sales performance in 2024, focusing on matching sales results with current market conditions and existing resources[17]. - For 2025, the company anticipates a "stabilization" phase in the real estate market, with a focus on core cities and improved consumer confidence[20]. Operational Strategy and Future Plans - The company aims to ensure quality, completion, and delivery of projects as part of its operational stability strategy for 2024[19]. - The company plans to prioritize "stable delivery" of projects in 2025, ensuring timely and quality completion regardless of market conditions[21]. - The company plans to strengthen its core competitiveness by focusing on "green low-carbon, technology empowerment, and industrial ecosystem" development strategies for 2025[28]. - The company anticipates that the Chinese real estate market will stabilize in 2025, although recovery momentum will remain uneven[28]. Corporate Governance and Board Structure - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced skill set[71]. - The company has appointed three independent non-executive directors, with one possessing relevant accounting and financial management qualifications[73]. - Two of the three independent non-executive directors have served the company for over nine years, ensuring continuity and experience[74]. - The company has committed to high standards of corporate governance and has complied with the relevant listing rules during the fiscal year ending December 31, 2024[68]. - The company has established a code of conduct for directors' securities trading, confirming compliance by all directors during the review year[70]. - The company has clarified the division of responsibilities between the chairman and the CEO, with the current chairman also serving as CEO since November 9, 2022[68]. - The board held five meetings during the review year to discuss financial performance and compliance monitoring[80]. - All directors attended 100% of board meetings, with independent non-executive directors also participating in committee meetings[81]. - The company has purchased adequate liability insurance to indemnify directors and senior officers against legal actions[78]. - The chairman and CEO roles are held by the same individual, Zhang Peng, which the company believes provides effective leadership[88]. Financial Health and Debt Management - The group reported a net loss of RMB 7,559,816,000 for the year ending December 31, 2024[142]. - As of December 31, 2024, the group had current liabilities of RMB 26,856,906,000 and a capital deficit of RMB 22,649,773,000[142]. - The group's cash and bank balances were only RMB 87,166,000 as of December 31, 2024[142]. - The group has violated several covenants related to bank and other borrowings totaling RMB 161,462,000, with defaulted loans amounting to RMB 4,845,997,000[142]. - The group is actively restructuring debts, with all priority notes restructured into five batches maturing between December 30, 2023, and December 30, 2027[146]. - The group is seeking new financing sources from existing shareholders and external investors, and considering the sale of project company equity[146]. - The company is actively negotiating with priority noteholders to either repay principal and accrued interest or extend the maturity dates of the notes[148]. - The company is pursuing additional financing avenues, including new investors and existing shareholders, to alleviate liquidity pressures[153]. - The company continues to face significant liquidity pressures and overdue debts, leading to an ongoing uncertainty regarding its ability to continue as a going concern[151]. Employee and Shareholder Relations - The total number of employees decreased from 661 as of December 31, 2023, to 448 as of December 31, 2024[62]. - The company emphasizes transparency and communication with shareholders through timely announcements and reports[129]. - The company has a zero-tolerance policy towards corruption and bribery, reinforcing its commitment to ethical business practices[131]. - The company has adopted a whistleblowing policy allowing employees and business associates to report potential misconduct confidentially[130]. Share Options and Capital Structure - The company has adopted a share option plan allowing the grant of options to purchase up to 250,354,200 shares, representing approximately 8.96% of the total issued shares as of the report date[191]. - As of December 31, 2024, a total of 18,075,000 share options remain unexercised, with 8,700,000 options forfeited during the year[197]. - The company’s share option plan is effective for ten years, expiring on June 13, 2023, with no options granted, exercised, or canceled during the year ending December 31, 2024[195]. - The company must obtain shareholder approval for any grants exceeding the 1% limit of issued shares to participants[193]. - The company’s share option plan includes provisions for independent non-executive director approval when options are granted to directors or major executives[195].

Green Technology and Sustainability - The company has developed over 100 high-quality green technology products, focusing on five major urban clusters in China and targeting the North American region for international expansion [10]. - The MOMΛ product line achieves energy consumption that is only one-third of what is typically required for similar comfort levels in Chinese residential buildings, significantly reducing energy costs for residents [9]. - The company has been recognized as the second model of green real estate operation in China, reflecting its strong brand influence and commitment to sustainable development [11]. - The company’s "Dinosaur No. 3" project won the ACTIVE HOUSE Technology Innovation Award, showcasing its commitment to zero-energy and healthy building systems [11]. - The company has been a pioneer in green health buildings for over 20 years, establishing a differentiated core competitiveness in green technology real estate [12]. - The company has recognized for its green building initiatives, including receiving the LEED-ND certification, the first residential product in the country to achieve this [13]. - The future direction of the company will focus on green technology as a core driver, extending its value chain into consulting, design, and operations [21]. Financial Performance - Property sales revenue for the six months ended June 30, 2024, was approximately RMB 960.4 million, a decrease of about 70.8% compared to the same period in 2023 [27]. - Contract sales for the same period reached approximately RMB 1,899.2 million, down approximately 42.9% year-on-year, with total sold area decreasing by about 37.6% [29]. - Total revenue for the six months ended June 30, 2024, was approximately RMB 1,004.3 million, a decline of about 69.9% from RMB 3,334.3 million in the same period of 2023 [36]. - The group recorded a gross loss of approximately RMB 130.3 million for the six months ended June 30, 2024, with a gross loss margin of 13.0% [38]. - Other income and losses resulted in a net loss of approximately RMB 2,459.6 million, compared to a net loss of RMB 629.4 million in the same period of 2023 [39]. - The company reported a net loss of RMB 4,051,717,000 for the six months ended June 30, 2024, compared to a net loss of RMB 1,128,008,000 for the same period in 2023, representing an increase in loss of 259.5% [75]. - The company’s total comprehensive loss for the period was RMB 4,051,717,000, compared to RMB 1,139,955,000 in the previous year [73]. Market Conditions - The Chinese real estate market showed signs of stabilization in 2024, with a narrowing sales decline and significant growth in existing home sales, particularly in core cities [17]. - For 2025, the company anticipates a "stabilization" phase in the real estate market, with core cities expected to lead the recovery in sales [19]. - The company anticipates that the Chinese real estate market will stabilize in 2025 after a deep adjustment, with core cities and improvement-driven demand expected to recover first [52]. - The land market adjustment is nearing its end, but new construction and development investments may continue to decline moderately, although the rate of decline is expected to slow [52]. Operational Strategy - The company aims to ensure quality, completion, and delivery of projects as part of its operational stability strategy [18]. - The company will prioritize "stable delivery" as its primary goal, ensuring timely and quality completion of all projects [20]. - The company is actively seeking quality opportunities to accelerate diversified development and transformation [18]. - The company aims to solidify its core competitiveness by adhering to a development strategy focused on green low-carbon initiatives, technology empowerment, and industrial ecology [52]. Financial Position and Liabilities - As of June 30, 2024, the total borrowings of the group amounted to approximately RMB 23,486.5 million, an increase of about 2.3% from RMB 22,951.6 million as of December 31, 2023 [45]. - The group has violated certain covenants related to bank and other borrowings amounting to RMB 161.5 million, which must be repaid as required [45]. - The group reported a loss of RMB 4,051,717 thousand for the six months ended June 30, 2024, with current liabilities exceeding current assets by RMB 12,266,835 thousand [95]. - As of June 30, 2024, the group had defaulted on bank and other borrowings amounting to RMB 5,279,136 thousand [95]. - The company faces cash flow interest rate risk with floating rates between 2.8% and 10.0% for loans as of June 30, 2024 [119]. Shareholder Information - As of June 30, 2024, the major shareholder, Polar Holdings Limited, holds 1,827,293,270 shares, representing 65.38% of the company's equity [55]. - The spouse of Mr. Zhang Lei, Ms. Yu Jinmei, is deemed to have an interest in a total of 1,843,521,160 shares, which is approximately 65.96% of the company's equity [56]. - China Cinda (Hong Kong) Asset Management Co., Ltd. holds 267,877,500 shares, accounting for 9.58% of the company's equity [56]. - The company has a stock option plan that allows for the granting of options to purchase up to 250,354,200 shares [59]. - The total shares held by the controlling entities of Mr. Zhang Lei and Mr. Zhang Peng are significant, indicating strong insider ownership [55]. Employee and Management Information - The total number of employees decreased from 661 as of December 31, 2023, to 512 as of June 30, 2024 [51]. - Key management personnel compensation for the six months ended June 30, 2024, was RMB 1,620,000, a decrease from RMB 4,011,000 in 2023 [141]. Legal and Compliance Issues - The company has recognized a provision of RMB 752.4 million for claims and litigation costs as of June 30, 2024, compared to RMB 765.0 million as of December 31, 2023 [50]. - The company has not recognized provisions for guarantees related to mortgage financing, as the default risk is considered low [128]. - The company has not disclosed any other individuals with reportable interests in its shares as of June 30, 2024 [57].

| 關於本報告 | | | 2 | | --- | --- | --- | --- | | 關於我們 | | | 3 | | 董事會聲明 | | | 4 | | 我們的可持續發展方法 | | | 5 | | 持份者溝通 | | | 8 | | 實質性議題識別 | | | 10 | | 1. | 綠色科技 | 創新發展 | 11 | | 綠色戰略與發展規劃 | 1.1 | | | | 加強綠色科技創新能力 | 1.2 | | | | 綠色科技創新成果應用 | 1.3 | | | | 知識產權保護 | 1.4 | | | | 2. | 綠色運營 | 節能減排 | 15 | | 高效利用資源 | 2.1 | | | | 2.1.1 能源管理 | | | | | 2.1.2 用水管理 | | | | | 減少污染排放 | 2.2 | | | | 2.2.1 廢氣排放管理 | | | | | 2.2.2 廢棄物排放管理 | | | | | 2.2.3 廢水排放管理 | | | | | 2.2.4 噪音及光污染管理 | | | | | 應對氣候變化 | 2.3 | | | | 3. | 以人為本 | 發展晉升 | 29 ...

Green Technology and Sustainability - The company has developed over 100 high-quality green technology products, focusing on five major urban clusters in China and targeting North America for international expansion[12]. - The MOMΛ product line achieves energy consumption that is one-third of what is typically required for similar comfort levels in Chinese residential buildings, significantly reducing energy costs for residents[11]. - The company emphasizes green technology as its core competitive advantage, continuously investing in R&D for advanced building systems[11]. - The company is committed to sustainable development, integrating green technology into its entire lifecycle of property development[11]. - The company continues to lead in green technology construction and energy-saving operations, ensuring the competitiveness of its green core technologies[20]. - The company has received multiple awards for its green building projects, including the LEED-ND certification, the first residential product in the country to achieve this honor[15]. - In 2024, the company plans to focus on green energy-efficient buildings, smart building digital operations, and sustainable development models as key industry trends[21]. - The company aims to expand its green real estate initiatives beyond development, including construction, consulting, and other upstream and downstream services[23]. Financial Performance - For the year ending December 31, 2023, the company's property sales revenue was approximately RMB 5,621.8 million, an increase of about 3.3% compared to the previous year[30]. - The company's total revenue for the year ending December 31, 2023, was approximately RMB 5,703.7 million, reflecting an increase of about 1.8% from RMB 5,603.9 million in the previous year[38]. - The company's contract sales amounted to approximately RMB 5,557 million, representing a 12.5% increase compared to the previous year, despite a decrease in total sold area by approximately 13.8%[32]. - The company reported a gross loss of approximately RMB 4,444.1 million, with a gross loss margin of about 77.9% for the year ending December 31, 2023[40]. - Financing costs increased significantly by approximately 659.4% to RMB 2,853.0 million, primarily due to increased interest from preferred notes and corporate bonds[45]. - The group reported a net loss of RMB 15,887,887,000 for the year ending December 31, 2023[142]. - The loss attributable to the owners of the company rose from approximately RMB 4,453.7 million in 2022 to approximately RMB 14,312.8 million in 2023, an increase of about RMB 9,859.1 million[49]. - The group has reached agreements with bondholders to extend the maturity date of corporate bonds to January 31, 2026, with potential further extension to July 30, 2026, pending bondholder approval[151]. Market Position and Strategy - The company has been recognized as one of China's top 100 real estate enterprises for seven consecutive years, reflecting its strong market position[10]. - The company is actively pursuing market expansion strategies both domestically and internationally, particularly in North America[12]. - The company aims to explore green energy-efficient buildings and smart building digital operations as key areas for future growth over the next five years[28]. - The company plans to focus on green technology, project delivery, and innovative transformation as part of its strategic development goals for 2024[29]. Governance and Compliance - The company has a robust governance structure with various committees overseeing different aspects of its operations, ensuring compliance and strategic direction[5]. - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the Chairman and CEO, which has been clearly defined in writing[72]. - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balance of skills and experience[74]. - The company has adopted a standard code for securities trading by directors, confirming compliance by all directors during the review year[73]. - The board is responsible for maintaining an appropriate and effective risk management and internal control system to protect the interests of the group and its shareholders[96]. Human Resources and Diversity - As of December 31, 2023, the gender ratio among employees, including senior management, was 74% male and 26% female, achieving gender diversity[118]. - The top five highest-paid individuals in the year ending December 31, 2023, received a total compensation of RMB 2,632,000, down from RMB 3,139,000 in 2022, reflecting a decrease of approximately 16.2%[126]. - The remuneration committee, consisting of two independent non-executive directors and one executive director, met once in the year ending December 31, 2023, to execute its responsibilities[121]. Risk Management and Legal Matters - The group has made provisions for ongoing litigation and arbitration cases, indicating a proactive approach to managing legal risks[146]. - The group is facing significant uncertainty regarding its ability to continue as a going concern due to severe cash flow pressures and a challenging operating environment in the Chinese real estate sector[146]. - The company has confirmed that it has sufficient working capital to meet its operational needs and fulfill its debts due within at least 18 months from December 31, 2023[99]. Leadership and Management - Zhang Peng was appointed as the Chairman of the Board on November 9, 2022, and has extensive experience in real estate project management and green technology development[158]. - The company has a strong leadership team with over 20 years of experience in the real estate industry, including strategic planning and overall management[159]. - The management team includes professionals with diverse backgrounds in finance, risk management, and investment, contributing to the company's strategic initiatives[162][164]. Shareholder and Equity Information - As of December 31, 2023, the company has a total of 2,794,994,650 shares issued, with a stock option plan allowing for the grant of options to purchase up to 250,354,200 shares, representing approximately 8.96% of the total issued shares[194]. - Mr. Zhang Lei holds 1,827,293,270 shares, accounting for 65.38% of the company's equity, while Mr. Zhang Peng and Mr. Chen Yin hold 0.21% and 0.25% respectively[192]. - The company has not recommended a final dividend for the year ending December 31, 2023, mirroring the previous year's decision[178].