(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：1109) 29 April 2025 Letter to those shareholders who have elected to receive the printed form of corporate communications We are pleased to enclose the Annual Report 2024, the Circular dated 29 April 2025 and the Proxy Form for use at the annual general meeting on 6 June 2025 of China Resources Land Limited (the "Company"). Please note that the annual general meeting of the Company will be held at Ball Room, 1st Fl ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：1109) 29 April 2025 Dear Shareholders, Letter to those shareholders who have elected to receive the corporate communications through the Company's website We hereby notify you that the following corporate communications of China Resources Land Limited (the "Company") in both English and Chinese are now available on the Company's website at www.crland.com.hk. Please note that the annual general meeting of the Compan ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：1109) 29 April 2025 Dear Shareholders, Letter to new shareholders — election of means of receipt of corporate communications In order to protect the environment, China Resources Land Limited (the "Company") proposes that as a shareholder of the Company, you may choose to receive its Corporate Communications Note : (i) by electronic means through the Company's website at www.crland.com.hk (the "Electronic Communicat ...

Notification of publication of corporate communications on the Company's website (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：1109) 29 April 2025 Dear Non-Registered Holder of Securities of the Company, • Annual Report 2024; and We hereby notify you that the following Corporate Communications Note (the "Current Corporate Communications") of China Resources Land Limited (the "Company"), in both English and Chinese, are now available on the Company's website at ...

（股票代码：01109.HK） （股票代码：01109.HK） CR LAND 华润置地官方微信 华润置地有限公司 China Resources Land Limited 深圳市南山区大冲一路华润置地大厦E座48楼 电话：0755-25856668 www.crland.com.hk 扫码查看企业评级档案 华润置 地可持续发展报告 时代之海，生生不息 华润置地创立三十年 以品质描绘城市万千生活 以奋斗筑就企业发展之路 峥嵘岁月，风雨同舟 在奔赴城市理想的道路上 我们以理想为帆 信任为桨 让更好的城市蓬勃生长 | 高管致辞 | PAGE / 03 | | --- | --- | | 关于本报告 | PAGE / 05 | | 关于华润置地 | PAGE / 07 | | 可持续发展管理 | PAGE / 11 | | 责任专题：为更好，再出发 | PAGE / 23 | | 第一章 ：品质营造美好人居 | PAGE / 27 | | 第二章 ：生态描绘城市绿洲 | PAGE / 47 | | 第三章 ：初心守护温暖家园 | PAGE / 71 | | 第四章 ：价值成就基业长青 | PAGE / 87 | | ...

普 通 決 議 案 – 1 – 1. 省 覽 及 考 慮 截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 年 度 已 審 核 之 財 務 報 告 與 董 事 會 報 告 及 獨 立 核 數 師 報 告。 2. 宣佈派發截至二零二四年十二月三十一日止年度之末期股息每股人民幣1.119 元。 3. (1) 重 選 李 欣 先 生 為 本 公 司 之 執 行 董 事； (2) 重 選 徐 榮 先 生 為 本 公 司 之 執 行 董 事； (3) 重 選 張 大 為 先 生 為 本 公 司 之 執 行 董 事； (4) 重 選 郭 世 清 先 生 為 本 公 司 之 執 行 董 事； (5) 重 選 陳 偉 先 生 為 本 公 司 之 執 行 董 事；及 (6) 授 權 董 事 會 釐 定 董 事 酬 金。 4. 續 聘 畢 馬 威 會 計 師 事 務 所 為 本 公 司 核 數 師 及 授 權 董 事 會 釐 定 其 酬 金。 5. 作 為 特 別 事 項，考 慮 並 在 認 為 適 當 時，通 過 下 列 決 議 案 為 普 通 決 議 案： （股份代號：1109） 股 東 週 年 大 會 通 告 香 ...

此 乃 要 件 請 即 處 理 閣 下 如 對 本 通 函 任 何 部 份 或 應 採 取 之 行 動 有 任 何 疑 問，應 諮 詢 閣 下 之 股 票 經 紀 或 其 他 註 冊 證 券 商、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣 下 如 已 將 名 下 之 華 潤 置 地 有 限 公 司 股 份 全 部 售 出，應 立 即 將 本 通 函 連 同 隨 附 本 通 函 之 代 表 委 任 表 格 送 交 買 主 或 經 手 買 賣 之 銀 行、股 票 經 紀 或 其 他 代 理，以 便 轉 交 買 主。 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 通 函 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 對 因 本 通 函 全部或任何部份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。 （於開曼群島註冊成立的有限公司） （股份代號：1109） 建 議 購 回 股 份 及 發 行 股 份 之 一 般 授 權 及 重 選 退 任 董 ...

Financial Performance - In 2024, the company's revenue reached RMB 278.8 billion, representing an 11.0% year-over-year increase[11]. - The core net profit for 2024 was RMB 25.4 billion, reflecting an 8.5% decrease compared to the previous year[11]. - The recurring business revenue in 2024 was RMB 41.6 billion, which is a 6.6% increase year-over-year[11]. - The full-year dividend per share for 2024 was RMB 1.319, down 8.5% year-over-year[11]. - Revenue for 2024 reached RMB 278,799 million, reflecting an 11.0% increase from RMB 251,137 million in 2023[84]. - Gross profit for 2024 was RMB 60,334 million, down 4.5% from RMB 63,162 million in the previous year[84]. - Net profit attributable to owners of the Company for 2024 was RMB 25,577 million, a decline of 18.5% from RMB 31,365 million in 2023[84]. - Core net profit attributable to owners of the Company decreased by 8.5% to RMB 25,418 million from RMB 27,774 million[84]. - The gross profit reached RMB60.33 billion, with a comprehensive gross profit margin of 21.6%, down 3.6 percentage points year-on-year[130]. - The gross profit margin for the investment property business increased by 0.4 percentage points year-on-year to 70.0%[130]. Sales and Market Position - The contracted sales for 2024 amounted to RMB 261.1 billion, ranking third in the industry[13]. - Contracted sales for 2024 amounted to RMB 261,100 million, a decrease of 15.0% compared to RMB 307,033 million in 2023[84]. - The Group's contracted sales amounted to RMB261.1 billion, accounting for approximately 2.7% of total commercial housing sales in the PRC, with an industry ranking increase to 3rd place[92]. - Recognised revenue from development properties for 2024 was RMB237.15 billion, representing an increase of 11.8% YoY, while booked GFA decreased by 10.0% YoY to 10.65 million square meters[141]. Asset Management and Investments - By the end of 2024, the asset management scale reached RMB 462.1 billion, an 8.1% increase year-over-year[13]. - The Group acquired 29 projects with an equity investment of RMB52.6 billion, maintaining a focus of 94% on tier-one and tier-two cities[93]. - The Group achieved total comprehensive revenue of RMB278.8 billion in 2024, representing a year-on-year increase of 11.0%[126]. - The investment property business included significant projects such as Changsha MIXc with a total GFA of 255,000 square meters, fully attributable to the group[166]. - The Group acquired 29 high-quality land parcels in 2024, with a total land premium of RMB77.58 billion, adding 3.93 million square meters to its land bank[176][177]. Operational Metrics - The number of operational shopping malls by the end of 2024 was 92, with retail sales of RMB 195.3 billion, up 19.2% year-over-year[13]. - The average occupancy rate for newly opened malls in 2024 was 95.9%[59]. - Retail sales from shopping malls reached RMB195.3 billion, representing approximately 0.4% of national retail sales, with an operating profit margin of 61%[98]. - The total GFA of shopping malls increased by 19.0% YoY to 11.46 million square meters[150]. - The total carrying value of shopping malls after revaluation was RMB212.99 billion, accounting for 18.9% of the Group's total assets[150]. Financial Position and Debt Management - Total assets at year-end 2024 were RMB 1,128,394 million, down 5.3% from RMB 1,191,177 million in 2023[84]. - The total debt at year-end 2024 was RMB 259,782 million, an increase of 8.5% from RMB 239,529 million in 2023[84]. - Cash reserves at the end of 2024 increased by 16.5% year-on-year to RMB133.21 billion, maintaining low total interest-bearing gearing and net gearing ratios[120]. - The net interest-bearing debt-to-equity ratio was 31.9% as of December 31, 2024, down from 32.6% at the end of 2023, indicating a strong financial position[187]. - The Group maintained a low weighted average financing cost of approximately 3.11% as of December 31, 2024, a decrease of 45 basis points from 3.56% at the end of 2023[188]. Employee and Corporate Governance - The total number of employees in mainland China and Hong Kong was 65,785 as of December 31, 2024[200]. - The company offers performance bonuses and other employee benefits, including provident funds and insurance[200]. - The company maintains credit ratings of BBB+, Baa1, and BBB+ from S&P, Moody's, and Fitch respectively[193]. Sustainability and Community Impact - The Group's carbon emission intensity was reduced by 27.16% through energy-saving technologies, achieving zero carbon electricity usage upon opening for Xi'an MIXc[119]. - The Group constructed 19.15 million square meters of affordable housing, contributing to community welfare and rural revitalization[119].

Group 1 - The core point of the article highlights the competitive land auction in Hangzhou, where Poly Development won the Qianjiang Century City plot at a floor price of 51,611 yuan per square meter, marking it as the highest floor price in the Century City area and the fourth highest in Hangzhou overall [1][3][7] - On April 28, six residential plots were auctioned in Hangzhou with a total starting price of 10.3 billion yuan, indicating strong demand for prime land in the city [2][4] - The Qianjiang Century City plot is considered a hot spot in the Hangzhou real estate market, with expectations for new home price increases due to its advantageous location and resources [2][3] Group 2 - The overall land auction in Hangzhou raised approximately 12.576 billion yuan, with an average premium rate of 22.4%, reflecting a competitive bidding environment [6] - Currently, there are six plots in Hangzhou with floor prices exceeding 50,000 yuan per square meter, indicating a trend of high-value land transactions [7] - The cancellation of price limits has encouraged developers to be more aggressive in acquiring core plots, as they anticipate better profit margins [9][15] Group 3 - Major players in the Hangzhou land market include local giants like Binjiang and Greentown, with their combined land acquisition amounting to 38.04 billion yuan, representing 49.1% of the total land sales [13] - Despite the active land market, the overall outlook for the Hangzhou real estate market remains uncertain, with potential challenges in sales velocity and product competitiveness [14][15] - The competitive landscape is expected to further differentiate, with core area plots experiencing intense competition while other areas may see varying levels of interest [15]

Group 1 - The stock prices of several real estate companies have declined significantly, with Jin Hui Holdings (09993.HK) down by 6.87%, Vanke Enterprises (02202.HK) down by 3.85%, Greentown China (03900.HK) down by 3.28%, and China Resources Land (01109.HK) down by 3.14% [1]