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7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: 佳兆業集團控股有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 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) | 01638 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.1 HKD | | | 5,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.1 HKD | | | 5,000,000,000 | 本月底 ...

Group 1 - The "Nantianhui" project land use rights in Guangzhou's Haizhu District will be auctioned on August 14, with a starting price of approximately 2.723 billion yuan [1] - The project site is currently the unfinished Kaisa Center, which was previously the Nantian International Hotel Supplies Wholesale Market, and is a key urban renewal project along the Pearl River [1] - Kaisa Group had an upgrade and renovation agreement with the market in 2017, with an initial plan for a total construction area of about 470,000 square meters, focusing on an international hotel supplies procurement center [1] Group 2 - Guangzhou Kaisa Urban Renewal Group and Guangzhou Zhonglian Industrial Co., Ltd. mortgaged the "Kaisa Center" project to apply for a loan of 2.45 billion yuan from Daye Trust, with a borrowing period from March 5, 2021, to March 5, 2024 [4] - The project development was halted due to Kaisa Group's liquidity crisis at the end of 2021, leading to a lawsuit from Daye Trust in October 2022, which resulted in the sealing of 884 residential properties and project land [4] - The court decided to auction part of the land assets of the project in 2024 to repay debts, with the auction only including the remaining state-owned land use rights of the "Nantianhui" project [4] Group 3 - The third building of the project was launched in September 2021, primarily offering duplex apartments ranging from 30 to 60 square meters [5] - As of June this year, construction on the third building has been progressing, with various stages of the project nearing completion, including the installation of aluminum panels and glass [5]

Group 1 - The Hong Kong stock market for property stocks experienced a significant upward trend, with Country Garden and Agile Group rising over 7% [1] - Greenland Hong Kong saw an increase of more than 5%, while other companies such as Midea Real Estate, Kaisa Group, Longfor Group, and Sunac China also followed suit with gains [1]

Group 1: Market Performance - The iBoxx China USD bond investment-grade index rose by 0.12% while the speculative-grade index increased by 0.48% last week [2] - The investment-grade yield remained stable compared to the previous week, while the speculative-grade yield rose by 0.03% [2] - The offshore bond issuance scale decreased in the primary market, while the secondary market saw slight increases in both investment-grade and high-yield bond indices [3] Group 2: Macroeconomic Indicators - In June, the Consumer Price Index (CPI) rose by 0.1% year-on-year, reversing the previous month's decline, while the core CPI increased by 0.7% [3] - The Producer Price Index (PPI) fell by 3.6% year-on-year, with a month-on-month decrease of 0.4% [3] - As of June 2025, China's foreign exchange reserves reached $33,174 billion, an increase of $322 billion from May [3] Group 3: Corporate News - Kaisa Group has completed 76% of the cash repayments for its Jin Heng Wealth products, providing new solutions for outstanding amounts [25] - Longfor Group announced that the restructuring plan for its 21 domestic bonds and asset-backed securities has been approved by bondholders [25] - Times China Holdings reported that over 85.67% of its plan creditors have agreed to the proposed restructuring plan [25] Group 4: Regulatory Developments - The Ministry of Finance issued a notice to guide insurance funds for long-term stable investments, adjusting the assessment method for net asset return rates [2] - The Hong Kong Securities and Futures Commission announced measures to optimize and expand the Bond Connect program, enhancing Hong Kong's competitiveness as an offshore RMB business center [2] Group 5: Debt Issuance - Last week, 18 companies issued 21 offshore bonds totaling approximately $3.3 billion, with city investment bonds accounting for about $1.6 billion [8] - Changjiang Industrial issued over HKD 2 billion in medium-term notes, with competitive interest rates [8] - Tianchang Agricultural Development issued $90 million in bonds with a coupon rate of 6.45%, achieving a subscription rate of over four times [9]

Group 1 - Hong Kong property stocks have seen a significant rise, with Longfor Group increasing by over 65% [1] - Oceanwide Holdings has experienced a rise of over 35% [1] - Other companies such as R&F Properties, Zhengrong Real Estate, Kaisa Group, and Greenland Hong Kong have all risen by over 10% [1]

Group 1 - Hong Kong property stocks have seen significant gains, with Longfor Group rising over 65%, Oceanwide Holdings increasing over 35%, and other companies like R&F Properties, Zhengrong Real Estate, Kaisa Group, and Greenland Hong Kong all rising over 10% [1] - The National Development and Reform Commission's Urban and Small Town Reform and Development Center has announced plans to increase investment in key areas of new urbanization using "two heavy" and "two new" funds [1]

Group 1 - Binjiang Group successfully issued 600 million yuan of short-term financing bonds with an interest rate of 2.5%, reflecting a healthy financial status and improved financing environment for leading private real estate companies [1] - Sunac Real Estate's two office properties in Beijing are set to be auctioned due to a loan contract dispute, indicating ongoing financial pressure despite support for overseas debt restructuring [2] - Kaisa Group has completed 76% repayment of investment funds for its Jin Heng Wealth product, showcasing the company's commitment to resolving issues and restoring investor confidence [3] Group 2 - Greentown China Holdings' liquidation hearing has been postponed to August 4, 2025, allowing the company more time to address its financial crisis and seek effective solutions [4] - Xinyuan Real Estate has faced a significant lawsuit involving 350 million yuan, highlighting the worsening operational difficulties and the need for urgent resolution of legal disputes to improve financial conditions [5]

Group 1 - The announcement from Kaisa Group Holdings on July 8 details a new repayment plan for Jin Heng Wealth products, which aims to enhance investor protection by introducing a bond conversion scheme for unpaid amounts [1][5] - Since November 2021, Kaisa has actively worked to recover funds, completing cash repayments for 76% of the investment amounts and 63% of investors through various methods including cash, physical asset settlements, and property trust rights [1][5] - Jin Heng Wealth, now renamed Jin Heng Asset Control, was established in 2016 and has managed over 30 billion yuan in assets, serving more than 20,000 high-net-worth clients [5] Group 2 - Kaisa Group reported a significant decline in financial performance for 2024, with revenues of approximately 11.56 billion yuan, a year-on-year decrease of 55.8%, and a net loss attributable to shareholders of 28.53 billion yuan [6] - The company delivered over 10,000 housing units across 25 projects in multiple cities during the reporting period, indicating ongoing operational activity despite financial challenges [6] - As of the end of 2024, Kaisa's land reserves totaled 22.31 million square meters, with 61% located in the Greater Bay Area, highlighting a strategic focus on this key region [6]

Core Viewpoint - Kaisa Group has made progress in the repayment of its Jin Heng Wealth products, announcing a new repayment plan that includes all Jin Heng Wealth products, aiming to enhance investor protection and expedite the repayment process [1][2]. Summary by Sections Repayment Plan Overview - The repayment plan covers all Jin Heng Wealth products, with the last announcement made in December 2022 [1][2]. - Kaisa Group has completed 43 cash repayments of Jin Heng Wealth products since November 2021, recovering 76% of the investment amount and repaying 63% of investors [1]. Repayment Amount - As of the announcement date, the principal of the Jin Heng Wealth products remains unpaid, and interest calculations have been suspended since November 14, 2022. A separate plan will be developed for the accrued interest after the principal repayment is completed [3]. Repayment Method - Kaisa Group will send relevant legal documents to all unpaid investors, facilitating the signing process and entry into the limited partnership [4]. - For signed clients, the repayment method remains unchanged, including the major illness plan and monthly repayment amounts [5]. Additional Adjustments - Kaisa Group plans to apply the repayment scheme to other wealth products, using its issued property rights trust and limited partnership interests [6]. Background Context - The repayment delays began in November 2021 due to Kaisa Group's liquidity issues, affecting wealth products issued by Shenzhen Jin Heng Wealth Management Co., Ltd. and guaranteed by Kaisa Group [7]. - Kaisa's chairman communicated with investors during the crisis, assuring them of the company's commitment to repayment [8].

Group 1 - The U.S. non-farm employment report for June is a key focus for the market, with attention on job vacancies, wage data, and manufacturing and service activity [2] - Market optimism is growing regarding a potential interest rate cut by the Federal Reserve, with the probability of a cut at the end of July rising to 18.6% from 14.5% the previous week, and a significant increase to 93% for a cut by the end of September [2] - Federal Reserve Chairman Jerome Powell remains cautious about rate cuts, stating that the Fed is in a favorable position to wait and is not in a hurry to adjust rates [2] Group 2 - CIFI Holdings Group announced that its offshore debt restructuring plan was approved by the court, effective June 27, 2025 [7] - Hongyang Real Estate extended the deadline for its restructuring support agreement fees to July 11 and July 25, 2025, due to creditors needing more time [7] - Kaisa Group announced that the final deadline for its restructuring support agreement has been extended to September 30, 2025, with other terms remaining unchanged [7] - Shimao Group expects its offshore debt restructuring plan, approved by the Hong Kong High Court, to be completed by August 29, 2025, relieving approximately $11.5 billion in existing offshore debt [7] - New World Development successfully refinanced part of its existing offshore unsecured financial debt, covering approximately HKD 88.2 billion [7] Group 3 - In June, China's manufacturing PMI was at 49.7%, non-manufacturing PMI at 50.5%, and the composite PMI output index at 50.7%, indicating a general expansion in economic activity [13] - The People's Bank of China conducted a 7-day reverse repo operation of CNY 331.5 billion at a rate of 1.40%, with a net injection of CNY 111 billion for the day [13]