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。 SUNAC SERVICES HOLDINGS LIMITED – 1 – 融創服務控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）謹此宣佈以下董事會變動。 委任執行董事 黃曉歐先生（「黃先生」）獲委任為執行董事，自2025 年9月26日起生效。黃先生的履 歷載列如下： 黃先生，42歲， 於2023年加入本集團， 擔任本集團副總裁兼商業公司總經理。 其 於2013年加入融創中國控股有限公司（「 融創中國 」， 連同其附屬公司統稱「 融創集 團」），曾擔任人力行政中心總經理、數字科技部總經理、融創文化集團副總裁。加 入融創集團之前， 黃先生曾任職於萬科集團。2005年黃先生於中國天津財經大學取 得學士學位；後於中國人民大學取得碩士學位。 黃先生已與本公司訂立服務協議， 初步為期三年， 可通過不少於三個月的通知予以 終止。 黃先生不就擔任董事職務收取董事薪金， 但有 ...

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分內容而產生或因依賴該等內容而 引致的任何損失承擔任何責任。 SUNAC SERVICES HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：01516） 董事名單及其角色和職能 融創服務控股有限公司董事會（「董事會」）成員載列如下： 董事會主席兼非執行董事 融創服務控股有限公司 汪孟德先生 執行董事 曹鴻玲女士 （行政總裁） 楊曼女士 黃曉歐先生 非執行董事 獨立非執行董事 王勵弘女士 姚寧先生 趙中華先生 – 1 – 董事會設立四個委員會，其成員載列如下： 姚寧先生 （主席） 王勵弘女士 王勵弘女士 趙中華先生 姚寧先生 王勵弘女士 （主席） 曹鴻玲女士 楊曼女士 姚寧先生 王勵弘女士 趙中華先生 姚寧先生 審核委員會 提名委員會 汪孟德先生 （主席） 趙中華先生 高曦先生 香港，2025年9月26日 – 2 – 薪酬委員會 環境、社會及管治委員會 曹鴻玲女士 （主席） 趙中華先生 ...

Group 1 - The core viewpoint of the article is that Morgan Stanley reports initial signs of stability in the performance of mainland property management stocks in the first half of the year, with expectations for rapid growth in the second half [1] - The firm forecasts profit growth for the industry to be 4%, 9%, and 11% year-on-year for the years 2025 to 2027, respectively [1] - It is believed that issues related to property developers will gradually dissipate after this year and will no longer be a major obstacle for the industry [1] Group 2 - Future growth drivers for the industry are expected to come from third-party projects and value-added services unrelated to property developers [1] - With the normalization of growth, shareholder returns will become the basis for valuation [1] - The rating for Wanwu Cloud (02602) has been upgraded from "in line with the market" to "overweight," with a target price increase from HKD 22.51 to HKD 29.21, reflecting the company's turnaround from loss to profit and attractive dividend yield [1] Group 3 - Some individual stocks have moderate profit outlooks and lack catalysts for revaluation, leading to adjustments in ratings for China Overseas Property (02669), Country Garden Services (06098), and China National Trade (600007.SH) to "in line with the market" [1] - The rating for Sunac Services (01516) has been downgraded to "underweight," with a target price reduction from HKD 1.72 to HKD 1.01, due to weak profit and dividend outlook [1]

Group 1 - The core viewpoint of the article indicates that the performance of mainland property management stocks showed initial signs of stability in the first half of the year, with expectations for rapid industry growth in the second half [1] - The projected annual profit growth for the industry from 2025 to 2027 is estimated at 4%, 9%, and 11% respectively [1] - Future growth drivers for the industry are expected to come from third-party projects and value-added services from non-developers, with shareholder returns becoming the basis for valuation as growth normalizes [1] Group 2 - Morgan Stanley upgraded the rating of Wanwu Cloud from "in line with the market" to "overweight," raising the target price from HKD 22.51 to HKD 29.21, reflecting the company's turnaround from loss to profit and attractive dividend yield [1] - Some individual stocks have moderate profit outlooks and lack catalysts for revaluation, leading to adjustments in ratings for China Overseas Property, Country Garden Services, and China National Chemical Corporation to "in line with the market" [1] - The rating for Sunac Services was downgraded to "underweight," with the target price reduced from HKD 1.72 to HKD 1.01, due to weak profit and dividend outlook [1]

Group 1 - The core point of the article is that Sunac Services (01516) is optimizing its strategic layout by focusing more resources and management efforts on first and second-tier core cities [1] - The company has entered into a share transfer agreement with Guangxi Laozhangjia to fully divest from Zhangtai Service Group by transferring 80% of its indirect stake in Guangxi Zhangtai Sunac Wisdom for a consideration of RMB 826.62 million [1] - Following the completion of this transaction, the company will no longer hold any equity interest in Zhangtai Service Group [1]

Group 1 - The core point of the article is that Sunac Services (01516) is optimizing its strategic layout by focusing more resources and management efforts on first and second-tier core cities [1] - The company has entered into a share transfer agreement with Guangxi Lao Zhang Jia to divest from Zhang Tai Service Group, transferring 80% of its indirect stake in Guangxi Zhang Tai Sunac Wisdom for a consideration of RMB 826.62 million [1] - Following the completion of this transaction, the company will no longer hold any equity interest in Zhang Tai Service Group [1] Group 2 - As of the date of the announcement, the company has received the full transaction price and the share transfer registration has been completed [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。 SUNAC SERVICES HOLDINGS LIMITED 融創服務控股有限公司 （於開曼群島註冊成立的有限公司） （股票代號：01516） 完成出售目標公司股權 茲提述融創服務控股有限公司（「本公司」）日期為2025年4月29日及2025年7月18日 之公告（「該等公告」），內容有關出售目標公司股權之須予披露交易。除文義另有所 指外，本公告所用詞彙與該等公告所界定者具有相同涵義。 截至本公告日期， 本公司全資附屬公司融遠投資已收悉全部交易價款， 股權過戶登 記已完成，本集團不再持有彰泰服務集團任何權益。 承董事會命 融創服務控股有限公司 主席 汪孟德 香港，2025年9月4日 於本公告日期， 董事會主席兼非執行董事為汪孟德先生； 執行董事為曹鴻玲女士及 楊曼女士； 非執行董事為路鵬先生及高曦先生； 及獨立非執行董事為王勵弘女士、 姚寧先生及趙中華先生。 ...

呈交日期: 2025年9月3日 I. 法定/註冊股本變動 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8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: 融創服務控股有限公司 | 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) | 01516 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...

Group 1 - Goldman Sachs has downgraded Sunac Services (01516) average profit forecasts for 2025 to 2027 by 55% and core earnings estimates by 11% [1] - The target price has been reduced from HKD 1.78 to HKD 1.48, and the rating has been lowered from "Neutral" to "Sell" [1] - The group's net profit performance in the first half of the year was weak, with a 4 percentage point decline in gross profit margin for property management services compared to the same period last year [1] Group 2 - Management has become more cautious regarding revenue recognition from services provided to residential owners, leading to increased provisions for impairment [1] - Rising maintenance and repair costs due to the expiration of warranty periods for projects delivered in recent years have contributed to an increase in third-party receivables impairment [1] - The outlook suggests that due to a significant number of low-quality projects delivered by its affiliated developer, Sunac China (01918), profit margins may take another year to stabilize, and impairment risks will take time to ease [1]

Group 1 - The company downgraded its rating from outperform to neutral due to significant pressure on gross profit margin and receivables impairment despite turning a profit of 122 million yuan in 1H25 compared to a loss of 472 million yuan in the same period last year [1] - The company's gross profit margin decreased by 3.7 percentage points to 20.2% in 1H25, primarily due to a more cautious revenue recognition strategy for high-risk third-party clients, resulting in a 180 million yuan reduction in gross profit [1][2] - The company has a high concentration of projects in core first and second-tier cities, with 87% of its revenue coming from these areas, which is expected to provide stable cash flow in the long term [2] Group 2 - The company plans to maintain a dividend payout ratio of 55% of core net profit from 2022 to 2024, reflecting good corporate governance and a commitment to shareholder returns, but cash flow performance may limit its ability to sustain this [2] - The company has adjusted its profit forecasts for 2025-26, reducing expected net profit by 80.5% and 78.0% to 131 million yuan and 149 million yuan respectively, due to increased impairment on receivables and conservative revenue recognition policies [3] - The target price has been lowered by 23.5% to 1.53 HKD, corresponding to a P/E ratio of 32.6 times for 2025, indicating potential downside risk [3]