此乃要件 請即處理 閣下如對本通函任何方面內容或應採取的行動有任何疑問，應諮詢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。 閣下如已將名下的紅星美凱龍家居集團股份有限公司股份全部出售或轉讓，應立即將本通函連同受委代表 委任表格送交買主或承讓人，或經手出售或轉讓的銀行、股票經紀或其他代理人，以便轉交予買主或承讓 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，概不對因本通函全部或任何部分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。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 有關貸款框架協議的持續關連交易 及 2025年第三次臨時股東大會通告 獨立董事委員會及獨立股東之獨立財務顧問 董事會函件載於本通函第5至14頁。本公司謹訂於2025年5月29日（星期四）上午十時三十分假座中國上海 市閔行區申長路1466弄美凱龍環球中心B座南樓3樓會議中 ...

誠如該公告所披露，一份載有（其中包括）(i)貸款框架協議詳情、該等交易及年度 上限的詳情；(ii)獨立董事委員會致獨立股東有關該等交易及年度上限的函件； (iii)獨立財務顧問致獨立董事委員會及獨立股東有關該等交易及年度上限之意見 函件；及(iv)臨時股東大會通告的通函（「通函」）預期將於2025年5月8日或之前於 聯交所網站( www.hkexnews.hk )及本公司網站( www.chinaredstar.com )刊發。 由於本公司需要額外時間編製及落實將載於通函之若干資料，本公司預期通函之 寄發日期將押後至2025年5月13日或之前。 承董事會命 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。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 延遲刊發有關貸款框架協議之持續關連交易之通函 茲提述紅 ...

Core Viewpoint - The former CEO of Red Star Macalline, Gao Shuang, was sentenced to three years in prison (with a five-year probation) for embezzlement of company funds through inflated service fees, highlighting issues of corporate governance and accountability in the company [1][2]. Group 1: Case Background - Gao Shuang was responsible for foreign investment at Red Star Macalline and was involved in a $1 billion investment agreement with the Chongqing Banan District government [1][3]. - The case dates back to 2021 when Gao Shuang conspired with colleagues to inflate service fees paid to an intermediary, resulting in significant financial misconduct [2][3]. Group 2: Financial Misconduct Details - Gao Shuang and his accomplices agreed to pay an intermediary 13% of the investment amount as a service fee, totaling $3.9 million, with 3% ($900,000) being returned to them [2][3]. - Gao Shuang received 70% of the returned amount, totaling approximately 3.49 million yuan after deductions [3][4]. Group 3: Legal Proceedings - The court found that Gao Shuang violated his duty of loyalty to the company and engaged in collusion to misappropriate funds, constituting embezzlement [2][3]. - Despite his defense claiming that he had approval for the additional service fee, the court determined that there was no valid consent from the company's chairman [2][3]. Group 4: Sentencing and Aftermath - Gao Shuang was arrested on May 24, 2023, and later cooperated with authorities, which contributed to a lighter sentence [5][6]. - The court's decision to impose a lighter penalty was influenced by Gao Shuang's confession and full restitution of the embezzled funds [2][6].

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之任何損失承擔任 何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 海外監管公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《紅星美凱龍家居集團股份有限公司 關於擬為子公司向金融機構的融資提供擔保的公告》，僅供參閱。 承董事會命 紅星美凱龍家居集團股份有限公司 邱喆 董事會秘書兼聯席公司秘書 中國上海，2025年5月6日 於本公告日期，本公司的執行董事為李玉鵬、車建興、施姚峰及楊映武；非執行董事為鄭永達、鄒少榮、 李建宏、宋廣斌及許迪；及獨立非執行董事為薛偉、黃建忠、陳善昂、黃志偉及蔡慶輝。 证券代码：601828 证券简称：美凯龙 编号：2025-035 红星美凯 ...

完善治理， 著力行穩致遠 紅星美凱龍家居集團股份有限公司 Red Star Macalline Group Corporation Ltd. （一家於中華人民共和國註冊成立的中外合資股份有限公司） H股股份代號：01528 A股股份代號：601828 2024 環境、社會及管治報告 Environmental, Social and Governance Report 目錄 CONTENTS | 16 公司治理 | | | --- | --- | | 24 | 可持續發展管理 | 品質至上， 成就品牌典範 04 關於本報告 06 董事長致辭 08 2024 年關鍵績效 09 關於紅星美凱龍 98 ESG 數據總覽 102 附錄 30 開創家居零售新模式 39 打造客戶星體驗 匯聚星火， 助力員工發展 守護生態， 踐行綠色發展 | 68 | 堅持綠色理念 | | --- | --- | | 76 | 打造綠色商場 | | 84 | 應對氣候變化 | 關於本報告 REGARDING THIS REPORT 報告簡介 本報告是紅星美凱龍家居集團股份有限公司發佈的第九份《環境、社 會及管治報告》（以下簡稱「本報告」或 ...

（股份代號：1528） 2024年度股東週年大會通告 茲通告紅星美凱龍家居集團股份有限公司（「本公司」）謹訂於2025年5月23日（星 期五）上午十時三十分假座中華人民共和國（「中國」）上海市閔行區申長路1466弄紅星 美凱龍總部B座南樓3樓會議中心舉行2024年度股東週年大會（「股東週年大會」），以審 議並酌情通過以下決議案： 普通決議案 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。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） 董事會秘書兼聯席公司秘書 中國上海 2025年4月29日 – 1 – 1. 本公司2024年度董事會工作報告； 2. 本公司2024年度監事會工作報告； 3. 本公司2024年度財務決算報告； 4. 本公司2025年度財務預算報告； 5. 本公司截至2024年12月31日止年度報告及年度業績； 6 ...

此乃要件 請即處理 閣下如對本通函任何方面內容或應採取的行動有任何疑問，應諮詢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。 閣下如已將名下的紅星美凱龍家居集團股份有限公司股份全部出售或轉讓，應立即將本通函連同受委代表 委任表格送交買主或承讓人，或經手出售或轉讓的銀行、股票經紀或其他代理人，以便轉交予買主或承讓 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，概不對因本通函全部或任何部分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。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 本公司2024年度董事會工作報告 本公司2024年度監事會工作報告 本公司2024年度財務決算報告 本公司2025年度財務預算報告 本公司截至2024年12月31日止年度報告及年度業績 本公司2024年度利潤分配預案 關於本公司2024年度董事薪酬的議案 關於本公司20 ...

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倚賴該等內容而引致的任何損失承擔任 何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） （上市債務證券代號：5454） 2025 年第一季度經營數據公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據《香港聯合交易所有 限公司證券上市規則》第13.09條、第13.10B條、《證券及期貨條例》（香港法例第571 章）第XIVA部項下的內幕消息條文以及《上海證券交易所股票上市規則》的要求作 出。 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳述或者重 大遺漏，並對其內容的真實性、準確性和完整性承擔法律責任。 根據上海證券交易所《上市公司行業信息披露指引第五號－零售》以及《關於做好主 板上市公司2025年第一季度報告披露工作的重要提醒》的要求，本公司將2025年第 一季度（ ...

Financial Performance - The group's operating revenue for the three months ended March 31, 2025, was RMB 1,615,436,680.31, a decrease of 23.5% compared to RMB 2,111,539,269.77 for the same period in 2024[6]. - The net loss attributable to the owners of the parent company for the period was RMB 513,410,914.99, compared to a net loss of RMB 371,506,929.54 in the same period of 2024, indicating a worsening of 38.1%[7]. - The total comprehensive loss for the period was RMB 649,928,540.27, compared to RMB 412,662,896.49 in the same period of 2024, representing an increase of 57.5%[7]. - The net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, was RMB -218,498,099.14, compared to RMB -119,275,435.40 in the same period of 2024, indicating an expanded loss[8]. Cash Flow and Liquidity - The group's net cash flow from operating activities was a negative RMB 112,448,762.92, compared to a negative RMB 181,674,312.38 in the same period of 2024, showing an improvement in cash flow[12]. - The net cash and cash equivalents at the end of the period increased to RMB 4,106,161,618.80 from RMB 3,304,603,819.16 in the same period of 2024, reflecting a net increase of RMB 994,328,646.77[12]. - Cash and cash equivalents increased to RMB 4,890,213,928.48 as of March 31, 2025, up from RMB 3,794,656,071.56 as of December 31, 2024, marking a growth of about 29%[13]. Assets and Liabilities - As of March 31, 2025, the total current assets amounted to RMB 9,979,283,936.12, an increase from RMB 8,975,755,816.47 as of December 31, 2024, representing an increase of approximately 11.2%[13]. - The total liabilities as of March 31, 2025, were RMB 67,654,272,270.33, compared to RMB 66,716,427,502.65 as of December 31, 2024, indicating a growth of about 1.4%[14]. - The total equity attributable to shareholders decreased to RMB 45,922,469,241.91 as of March 31, 2025, from RMB 46,489,696,858.89 as of December 31, 2024, reflecting a decline of approximately 1.2%[14]. - The total borrowings of the group at the end of the reporting period were RMB 30,156,158,991.34[15]. - The long-term borrowings increased to RMB 18,586,689,041.71 as of March 31, 2025, compared to RMB 17,703,683,711.83 as of December 31, 2024, reflecting an increase of approximately 5%[14]. - The total liabilities to equity ratio as of March 31, 2025, was approximately 1.38, compared to 1.35 as of December 31, 2024, indicating a slight increase in leverage[14]. Investment and Expenses - The fair value loss on investment properties for the period was RMB 476,077,922.63, an increase from RMB 324,385,651.35 in the same period of 2024, primarily due to rental income decline[11]. - The group's financial expenses decreased, attributed to a reduction in financing costs during the reporting period[10]. - The group's R&D expenses for the period were RMB 1,863,905.08, down from RMB 3,658,192.56 in the same period of 2024, indicating a reduction in investment in research and development[6]. Operational Metrics - The group reported a decrease in the number of shopping malls compared to the same period last year, contributing to the decline in operating revenue[9]. - The inventory decreased to RMB 46,553,609.54 as of March 31, 2025, from RMB 53,065,471.64 as of December 31, 2024, representing a decline of approximately 12.3%[13]. - The total non-current assets amounted to RMB 106,553,609,352.77 as of March 31, 2025, slightly down from RMB 107,261,466,936.10 as of December 31, 2024, indicating a decrease of about 0.66%[13]. - The group reported a decrease in other comprehensive income to RMB 270,306,707.98 as of March 31, 2025, down from RMB 361,430,032.80 as of December 31, 2024, reflecting a decline of about 25.2%[14].

Financial Performance - The company's revenue for 2024 was RMB 7,821,266, a decrease of 32.5% from RMB 11,514,983 in 2023[11]. - Gross profit for 2024 was RMB 4,987,001, with a gross margin of 63.8%, compared to a gross profit of RMB 7,033,253 and a margin of 61.1% in 2023[11]. - The company reported a net loss attributable to shareholders of RMB 3,492,042 for 2024, which is a 44.6% loss rate, compared to a loss of RMB 2,412,713 and a 21.0% loss rate in 2023[11]. - The company did not declare any dividends for 2024, maintaining the same position as in 2023[11]. - The company recorded a total loss attributable to owners of RMB 3,492.0 million, an increase of 44.7% from RMB 2,412.7 million in 2023[53]. - The core net loss attributable to owners was RMB 1,327.4 million, up 55.0% from RMB 856.4 million in 2023[53]. - The company's operating costs were RMB 2,834.3 million, down 36.7% from RMB 4,481.7 million in 2023, reflecting the decline in revenue[48]. - Selling and distribution expenses were RMB 1,028.3 million, accounting for 13.1% of revenue, down 30.7% from RMB 1,483.1 million in 2023[52]. - Administrative expenses decreased to RMB 1,451.7 million, representing 18.6% of revenue, compared to RMB 1,762.5 million (15.3% of revenue) in 2023[53]. Operational Metrics - The number of operational malls decreased to 334 in 2024 from 362 in 2023, with a total operating area of 20,325,659 square meters[15]. - The average occupancy rate for self-operated malls was 83.0% in 2024, slightly up from 82.8% in 2023[15]. - The company operated 77 self-operated malls in 2024, down from 87 in 2023, with a self-operated mall area of 7,512,689 square meters[15]. - The number of managed malls decreased to 257 in 2024 from 275 in 2023, with an average occupancy rate of 82.5%[15]. - The company operated 77 self-operated malls with an average occupancy rate of 83.0% and 257 managed malls with an average occupancy rate of 82.5%[31]. Strategic Goals and Market Position - The company aims to strengthen its market leadership and enhance its brand as a home living expert in China[6]. - The company has a strategic goal to become the leading and most professional "omni-channel home business platform service provider" in China[6]. - The company aims to transform from a traditional building materials and home furnishing service provider to a comprehensive lifestyle aggregator by 2025[25]. - The company plans to continue its market-oriented operations and mall management model to strengthen its brand as a home living expert and establish itself as a leading all-channel home service platform in China by 2025[78]. Digital Transformation and Innovation - The company is focusing on digital transformation, launching products like "Merchant Point Deduction Contract" and "SCRM System" to enhance service quality and consumer experience[23]. - The company is actively exploring online retail channels, enhancing its presence on platforms like Douyin and Xiaohongshu to attract more consumers[24]. - The company is focusing on digital marketing capabilities by developing digital tools to enhance brand and merchant engagement[80]. - The company intends to strengthen its presence in the home decoration sector by establishing a high-end design center and linking with young and high-end consumer groups[82]. - The company will enhance its digital operations and explore new online retail channels to achieve comprehensive customer acquisition and marketing[82]. Risk Management and Compliance - The company has implemented risk management measures to address foreign exchange risks, including the use of forward contracts and currency swaps[70]. - The company faces risks related to macroeconomic slowdowns and cyclical fluctuations in the real estate industry, which could negatively impact demand in the home decoration and furniture retail sector[73]. - The board is responsible for assessing and determining risks related to environmental, social, and governance (ESG) matters, ensuring effective risk management and internal control systems are in place[118]. - The company has established independent departments for financial management, legal affairs, and internal compliance to ensure adherence to relevant laws and regulations[120]. Corporate Governance - The company appointed several new independent non-executive directors in August 2023, enhancing its governance structure[98][99][100][101][102]. - The new board members bring diverse expertise from various sectors, including finance, law, and technology, which may contribute to strategic decision-making[93][94][95][96][97]. - The management team includes professionals with extensive backgrounds in finance and investment, potentially improving financial oversight and strategic investments[95][96][99]. - The company is committed to improving corporate governance and adhering to legal and ethical standards while fulfilling social responsibilities[83]. Investment and Capital Expenditure - The company has a total operational area of 20,325,659 square meters across 202 cities in 30 provinces and municipalities[31]. - The company’s capital expenditure for the period was RMB 370,300,000, a 5.4% increase from RMB 351,300,000 in 2023[58]. - The company has signed contracts for capital expenditures related to the acquisition and development of investment properties amounting to RMB 724.8 million, with additional commitments of RMB 233.1 million for joint development with partners[69]. - The company has fully utilized RMB 400,000,000 for repaying bank loans and RMB 150,008,000 for supplementing working capital[192]. Employee and Talent Management - The group employed 11,553 staff, with total salary expenses projected at RMB 2,177.2 million for 2024, down from RMB 2,584.8 million in 2023[72]. - The company has established various talent development and retention plans to mitigate risks associated with talent shortages and turnover as it expands its operations[75]. - The company has a competitive compensation scheme to attract and motivate employees, regularly reviewing and adjusting it to meet market standards[123]. Environmental Compliance - The company is committed to complying with various environmental laws and regulations, including the Prevention and Control of Water Pollution Law and the Air Pollution Prevention and Control Law[116]. - The company has implemented measures to ensure compliance with applicable environmental laws, including strict contractor selection and supervision during construction[117]. - The company has a strong focus on energy-saving and emission-reduction considerations in its property project designs[117]. Shareholder and Financial Management - The company has a profit distribution policy that mandates a minimum cash dividend of 20% of the net profit available for distribution to shareholders in profitable years[121]. - As of the reporting period, the company's distributable reserves amounted to RMB 6,329.85 million[134]. - The company issued USD bonds with a total face value of USD 249.7 million at a fixed interest rate of 5.2% for a term of 3 years[126]. - The company has no significant disputes with suppliers or customers during the reporting period, emphasizing the importance of maintaining good relationships[123].