Financial Performance - Total revenue for the fiscal year ending December 31, 2024, was RMB 2,602.7 million, a decrease of 26.2% compared to RMB 3,530.5 million in 2023[4] - Gross loss for the fiscal year was RMB 622.7 million, compared to a gross profit of RMB 21.2 million in the previous year[4] - The net loss for the year was RMB 2,041.3 million, an increase of 69.0% from RMB 1,205.6 million in 2023[5] - The group reported a pre-tax loss of RMB 68,035,000 for 2024, a decrease from a loss of RMB 293,190,000 in 2023, indicating an improvement in financial performance[23] - The group recorded a negative gross profit of approximately RMB 622.7 million in fiscal year 2024, compared to a gross profit of RMB 21.2 million in fiscal year 2023, attributed to unfavorable operating conditions in the Chinese real estate market[40] - Other losses for fiscal year 2024 amounted to approximately RMB 248.0 million, compared to other income of RMB 208.9 million in fiscal year 2023[41] Assets and Liabilities - Total non-current assets decreased to RMB 1,636.1 million from RMB 2,035.1 million in 2023, reflecting a decline of 19.6%[6] - Current assets dropped to RMB 11,021.8 million from RMB 16,186.8 million, a decrease of 31.9%[6] - Current liabilities decreased to RMB 7,803.2 million from RMB 11,605.0 million, a reduction of 32.4%[6] - The total non-current liabilities increased to RMB 4,754,486,000 in 2024 from RMB 4,372,487,000 in 2023[10] - The company's cash and cash equivalents were only RMB 13,057,000 as of December 31, 2024[10] - As of December 31, 2024, the company's net current assets were RMB 3,218,611,000, a decrease from RMB 4,581,847,000 in 2023[10] - The group’s bank loans and other borrowings as of December 31, 2024, were approximately RMB 2,360.6 million, a decrease from RMB 2,995.5 million in the previous year[50] Impairment and Losses - The company reported a significant increase in impairment losses on financial assets, rising to RMB 417.2 million from RMB 292.4 million in the previous year[4] - The impairment loss on trade and other receivables increased significantly from RMB 292,436 thousand in 2023 to RMB 417,159 thousand in 2024, an increase of approximately 42.6%[25] - The company reported a significant increase in land value-added tax from RMB 108,282 thousand in 2023 to RMB 433,256 thousand in 2024, an increase of approximately 300%[25] Cash Flow and Financing - The company has a good track record and relationship with banks, enhancing its ability to extend and renew bank loans[12] - The company has received ongoing financial support from its controlling shareholder, who confirmed that they would not demand repayment of related borrowings within the next 12 months if the company's financial situation is insufficient[12] - The group has sufficient operating funds to meet its financial obligations due within the next 12 months, based on its ongoing business operations[13] - The company will continue to actively expand financing channels and optimize debt structure to reduce financing costs[37] - Financing costs for fiscal year 2024 were approximately RMB 68.0 million, a significant reduction of 76.8% from RMB 293.2 million in fiscal year 2023, primarily due to lower interest expenses on bank loans and notes[46] Market and Strategic Focus - The company plans to focus on market expansion and new product development to improve future performance[3] - The group aims to accelerate the sales of completed properties and improve cash flow from sales, with unsold properties and investment properties valued at approximately RMB 30 billion and RMB 1.3 billion, respectively, as of December 31, 2024[16] - The company plans to enhance sales collection and optimize innovative sales strategies to accelerate inventory turnover[37] - The company aims to strengthen execution quality improvement strategies to enhance product and service quality[37] Employee and Operational Changes - Employee costs decreased from RMB 103,583 thousand in 2023 to RMB 58,441 thousand in 2024, representing a reduction of approximately 43.5%[24] - The total employee cost for the fiscal year 2024 is approximately RMB 58.4 million, a significant decrease from 103.6 million in the previous fiscal year[57] - As of December 31, 2024, the company had 194 employees, down from 241 employees as of December 31, 2023[57] Governance and Compliance - The company has fully complied with the corporate governance code as per the listing rules during the fiscal year[62] - The audit committee consists of three independent non-executive directors, overseeing financial reporting and risk management[66] - The independent auditor's report confirmed that the consolidated financial statements reflect the group's financial position accurately as of December 31, 2024[68] Future Outlook and Concerns - The company faces significant uncertainty regarding its ability to continue as a going concern due to its financial situation[11] - The group faces significant uncertainty regarding its ability to continue as a going concern due to financial obligations and market conditions[69] - The government is expected to promote stabilization in the real estate market, including reducing housing loan interest rates and transaction taxes[35]

Financial Performance - Total revenue for the fiscal year ending December 31, 2024, was RMB 2,602,700,000, a decrease of 26.2% compared to RMB 3,530,521,000 in 2023[4] - Gross loss for the fiscal year was RMB 622,705,000, compared to a gross profit of RMB 21,156,000 in the previous year[4] - The net loss for the year was RMB 2,041,311,000, an increase of 69.1% from RMB 1,205,615,000 in 2023[5] - Basic and diluted loss per share was RMB 331.9, compared to RMB 267.7 in the previous year[4] - The group reported a loss of RMB 2,041,311,000 for the fiscal year ending December 31, 2024[69] - The group recorded a negative gross profit of approximately RMB 622.7 million for fiscal year 2024, compared to a gross profit of RMB 21.2 million in fiscal year 2023, attributed to unfavorable operating conditions in the Chinese real estate market[40] - The group has incurred a pre-tax loss of RMB 68,035,000 for 2024, a decrease from RMB 293,190,000 in 2023, indicating improved financial performance[23] Assets and Liabilities - Total non-current assets decreased to RMB 1,636,082,000 from RMB 2,035,073,000 in 2023[6] - Current assets decreased to RMB 11,021,786,000 from RMB 16,186,827,000 in 2023[6] - Total current liabilities decreased to RMB 7,803,175,000 from RMB 11,604,980,000 in 2023[6] - The total non-current liabilities increased to RMB 4,754,486,000 in 2024 from RMB 4,372,487,000 in 2023[10] - As of December 31, 2024, the company's net current assets were RMB 3,218,611,000, a decrease from RMB 4,581,847,000 in 2023[10] - The company's land reserves as of December 31, 2024, were approximately 4.8 million square meters, down from 7.3 million square meters as of December 31, 2023[34] - Trade and other payables totaled RMB 2,928.5 million in 2024, down from RMB 3,894.3 million in 2023[10] - The group’s bank loans and other borrowings were approximately RMB 2,360.6 million as of December 31, 2024, a decrease from RMB 2,995.5 million as of December 31, 2023[50] Cash Flow and Liquidity - The cash and cash equivalents were only RMB 13,057,000, indicating liquidity challenges[10] - The group has taken measures to improve liquidity and financial condition amid challenging market conditions[69] - The group plans to strengthen cash flow management and control costs while seeking cooperation opportunities with domestic and international investors for business development[48] - The group has seen a significant reduction in cash pledged for pre-sold properties, from RMB 314.5 million in 2023 to RMB 100.4 million in 2024[9] Financial Support and Debt Management - The company successfully obtained support from the majority of preferred noteholders for debt restructuring, extending the maturity of most offshore debts from April 2023 to April 2029[12] - The company has received ongoing financial support from its controlling shareholder, who confirmed that they would not demand repayment of related borrowings within the next 12 months if the company's financial situation is insufficient[12] - The company aims to actively expand financing channels and optimize debt structure to lower financing costs and strengthen capital management[37] - The company has issued new notes totaling USD 413.6 million with a reduced annual interest rate of 4.5%, extending the maturity date to April 28, 2029[33] Operational Efficiency - The group is actively taking measures to control sales, distribution costs, and administrative expenses to enhance operational efficiency[13] - Employee costs decreased from RMB 103,583 thousand in 2023 to RMB 58,441 thousand in 2024, representing a reduction of approximately 43.5%[24] - Administrative expenses decreased by approximately 51.1% to RMB 79.1 million in fiscal year 2024 from RMB 161.9 million in fiscal year 2023, due to cost-cutting measures[43] - The company is focusing on enhancing product and service quality while controlling costs to improve efficiency and profitability[37] Market Conditions and Future Outlook - The company faces significant uncertainty regarding its ability to continue as a going concern due to its financial situation[11] - The group has significant uncertainty regarding its ability to continue as a going concern, depending on market conditions and financing arrangements[14] - The government is expected to continue promoting stabilization in the real estate market, including reducing housing loan interest rates and transaction taxes[35] - The company plans to enhance sales collection through optimized innovative sales strategies and improve operational quality to boost cash flow and investment returns[37] Compliance and Governance - The company confirmed compliance with corporate governance codes and listing rules throughout the fiscal year[62] - The audit committee has recommended the board approve the audited consolidated financial statements for the fiscal year 2024[67] - The independent auditor confirmed that the consolidated financial statements reflect the group's financial position accurately as of December 31, 2024[68] - The audit committee consists of three independent non-executive directors, overseeing financial reporting and risk management[66] Other Notable Events - The company did not recommend the payment of a final dividend for the fiscal year 2024, consistent with the previous fiscal year[58] - On December 4, 2024, the company agreed to sell its entire stake in Fanri Limited for HKD 36.0 million, with no other significant acquisitions or disposals reported for the fiscal year[55] - There were no share buybacks or sales by the company or its subsidiaries during the fiscal year ending December 31, 2024[60] - No significant subsequent events were reported that would materially affect the company after the reporting period[61] - The annual report for the fiscal year 2024 will be published on the company's website and the stock exchange's website[70]

此乃要件 請即處理 閣下如對本通函任何方面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 交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有粵港灣控股有限公司股份，應立即將本通函連同隨附之代表委任表 格送交買主或承讓人，或經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交買主或承讓 人。 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，並明確表示概不就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。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵港灣控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1396） 主要交易－出售目標股權 及 潛在的主要交易－出售完成後提供之財務資助 除文義另有界定外，本封面及本通函所用所有詞彙與本通函「釋義」一節所界定者具有相同涵義。 董事會函件載於本通函第4頁至第17頁。 作為本通函主體事項之交易已根據上市規則第14.44條經股東書面批准以代替舉行本公司股東大 會 ...

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，並明確表示概不就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之任何損失承擔任何責任。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵港灣控股有限公司 粵港灣控股有限公司 主 席兼執行董事 羅介平 （於開曼群島註冊成立的有限公司） (股份代號: 1396) 董事會會議通告 粵港灣控股有限公司（「本公司」）之董事會（「董事會」）謹此公佈，本公司將於 2025 年 3 月 28 日（星期五）舉行本公司董事會會議，藉以（其中包括）考慮及批准 本公司及其附屬公司截至 2024 年 12 月 31 日止財政年度之年度業績，並考慮派發末期 股息（如有）。 承董事會命 香港，2025 年 3 月 18 日 於本公告日期，本公司執行董事為羅介平先生、何飛先生及魏海燕女士； 本公司獨立非執行董事為關浣非先生、韓秦春先生及陳陽升先生。 - 1 - ...

本公司董事(「董事」)會(「董事會」)謹此知會本公司股東(「股東」)及有意投資者，根據 初步審閱本集團截至 2024 年 12 月 31 日止年度(「2024 財政年度」)之未經審核綜合管理賬 目及董事會目前可獲得的最新資料，預期本集團 2024 財政年度權益股東應占虧損約人民幣 1,600 百萬元，而截至 2023 年 12 月 31 日止年度權益股東應占虧損約為人民幣 1,215 百萬 元。 根據目前可獲得的最新資料，董事會認為本公司上述 2024 財政年度虧損的增加其主要原因 是(i)中國房地產市場仍處於下跌趨勢，反映在中國國內市場的房地產價格持續下跌和資本 回收週期延長；随着銷售週期延長，目前的銷售價格一直低於成本；（ii）為維護未售出 物業，用於該目的的資源的成本和開支一直在穩步增加；及（iii）本集團面臨激烈的市場 競爭導致毛利率下降。 本公司仍在落實本集團經審計的 2024 財政年度之合併業績。本公告中所載資訊是基於對公 司目前可獲得的未經審計的綜合管理帳戶的初步評估，該評估可能會最終確定並進行其他 可能的調整（如有），並且該評估尚未經過本公司審計師或本公司審計委員會的審計或審 閱。 香港交易及 ...

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，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 GUANGDONG – HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵港灣控股有限公司 （於開曼群島註冊成立的有限公司） (股份代號: 1396) 進一步延遲寄發通函 及 授出進一步豁免嚴格遵守上市規則第 14.41(a)條 茲提述 (i) 粵港灣控股有限公司（「本公司」）於 2025 年 1 月 28 日發佈的公告（「首份公 告」），內容涉及（其中包括）出售目標股權及潛在的主要交易-出售完成後提供之財務資助； (ii) 本公司日期為 2025 年 2 月 21 日及 2025 年 3 月 5 日的公告，內容涉及（其中包括）授出豁免 嚴格遵守上市規則第 14.41(a)條及延遲寄發通函（「延遲公告」）；及(iii) 本公司日期為 2025 年 3 月 12 日的公告，內容涉及申請進一步豁免嚴格遵守上市規則第 14.41(a)條及延遲寄發通函 （「申請公告」，連同 ...

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，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 申請進一步豁免嚴格遵守上市規則第 14.41(a)條 茲提述 (i) 粵港灣控股有限公司（「本公司」）於 2025 年 1 月 28 日發佈的公告（「首份公 告」），內容涉及（其中包括）出售目標股權及潛在的主要交易-出售完成後提供之財務資助； 及(ii) 本公司日期為 2025 年 2 月 21 日及 2025 年 3 月 5 日的公告，內容涉及（其中包括）授出 豁免嚴格遵守上市規則第 14.41(a)條及延遲寄發通函（「延遲公告」，連同首份公告，統稱 「該等公告」）。除非本公告另有定義，本公告中所用詞彙與該等公告中定義者具有相同涵義。 誠如首份公告所披露，根據上市規則第 14.41(a)條，載有 （其中包括）(i)出售事項的詳情；(ii) 提供擔保事項的詳情；及(iii)上市規則規定的其他資料的通函原預期於 2025 年 2 月 21 日或之前 （即首份公告刊發後 15 個營業日內）寄發。 GUANGD ...

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，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 茲提述 (i) 粵港灣控股有限公司（「本公司」）於 2025 年 1 月 28 日發佈的公告（「首份公 告」），內容涉及（其中包括）出售目標股權及潛在的主要交易-出售完成後提供之財務資助； 及(ii) 本公司日期為 2025 年 2 月 21 日的公告，內容涉及（其中包括）授出豁免嚴格遵守上市規 則第 14.41(a)條及延遲寄發通函（「延遲公告」，連同首份公告，統稱「該等公告」）。除非 本公告另有定義，本公告中所用詞彙與該等公告中定義者具有相同涵義。 誠如延遲公告所披露，本公司已從控股股東中國粵港灣區控股有限公司（其持有本公司 414,665,566 股股份，佔本公司於本公告日期已發行股本約 50.94% ）獲得關於出售事項及提供 擔保事項的股東書面批准。因此，根據上市規則第 14.41(a)條，無需召開股東大會。 誠如首份公告所披露，根據上市規則第 14.41(a)條，載有 （其中包括）(i)出售事項 ...

延遲寄發通函 及 授出豁免嚴格遵守上市規則第 14.41(a)條 茲提述粵港灣控股有限公司（「本公司」）於 2025 年 1 月 28 日發佈的公告（「公告」），內容涉 及（其中包括）出售目標股權及潛在的主要交易-出售完成後提供之財務資助。除非本公告另有定 義，本公告中所用詞彙與公告中定義者具有相同涵義。 截至本公告日期，本公司已從控股股東中國粵港灣區控股有限公司（其持有本公司 414,665,566 股 股份，佔本公司於本公告日期已發行股本約 50.94% ）獲得關於出售事項及提供擔保事項的股東書 面批准。因此，根據上市規則第 14.41(a)條，無需召開股東大會。 根據上市規則第 14.41(a)條，本公司預期將於 2025 年 2 月 21 日或之前（即公告刊發後 15 個營業日 內）寄發一份載有 （其中包括）(i)出售事項的詳情；(ii)提供擔保事項的詳情；及(iii)上市規則規定 的其他資料的通函（「通函」）。 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，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損 ...

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，並明確表示概不就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之任何損失承擔任何責任。 GUANGDONG - HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵 港 灣 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1396） 主要交易-出售目標股權; 及 潛在的主要交易-出售完成後提供之財務資助 出售事項 於 2025 年 1 月 28 日（聯交所交易時段後），本公司（作為賣方）與買方訂立股份轉 讓協議。根據股份轉讓協議，本公司有條件同意出售，而買方有條件同意購買目標股 權，代價為港幣 130.0 百萬元。 出售事項完成後，本集團將不再持有目標公司任何股權，目標集團將不再是本集團附 屬公司，而目標集團的財務業績將不再併入本集團的綜合財務報表。 潛在財務資助 出售事項完成後，由於目標集團將不再是本集團附屬公司，因此出售事項完成後持續 提供擔保將構成上市規則第 14 章項下本集團對第三方提供的財務資助。 上市規則的涵義 由於有關 ...