自願性公告 境內債務重組方案獲相關債權人批准 合景泰富集團控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）提供有關 境內債券重組的進展。 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。 KWG GROUP HOLDINGS LIMITED 合景泰富集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1813及債務股份代號： 40465、40683、40117） 於本公告日期，董事會由七名董事組成，其中孔健岷先生（主席）、孔健濤先生（行 政總裁）、孔健楠先生及蔡風佳先生為執行董事；而譚振輝先生、羅耀榮先生及黃 敏明女士為獨立非執行董事。 本公司欣然宣佈，本公司發行的2筆境內公司債券及本公司之全資附屬公司廣州合 景控股集團有限公司發行的1筆境內公司債券的重組方案已全部獲相關債券持有人 會議審議通過。3筆債券的本息償付安排將進行調整，並提供包括通過提供折價現 金回購、資產抵債、全額轉換一般債權、全額留債等選項。 本公司下一步將根據債券 ...

Core Viewpoint - The announcement from Kaisa Group (01813) indicates a decline in pre-sale figures for the group and its joint ventures, highlighting challenges in the current market environment [1] Sales Performance - The pre-sale amount for Kaisa Group and its joint ventures and associates reached RMB 611 million in August 2025, representing a decrease of 13.9% compared to the same period last year [1] - The pre-sale gross floor area was approximately 24,800 square meters, which is a significant reduction of 41% year-on-year [1]

Group 1 - The core point of the article is that Kaisa Group Holdings Limited (01813) reported a decrease in pre-sale revenue and pre-sale area for its projects and joint ventures in August 2025 compared to the same period last year [1] - The pre-sale revenue for the group and its joint ventures amounted to RMB 611 million, representing a year-on-year decrease of 13.9% [1] - The pre-sale area was approximately 24,800 square meters, which is a significant decline of 41% compared to the same period last year [1]

Group 1 - The core point of the article is that Kaisa Group Holdings Limited (01813.HK) reported a decrease in pre-sale revenue and pre-sale area for the period ending August 2025 compared to the same period last year [1] - The pre-sale revenue for the group and its joint ventures and associates amounted to RMB 611 million, representing a year-on-year decrease of 13.9% [1] - The pre-sale area for the group and its joint ventures and associates was approximately 24,800 square meters, which is a decrease of 41% compared to the same period last year [1]

（股份代號：1813） 2025年8月之 未經審核營運數據 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。 KWG GROUP HOLDINGS LIMITED 合景泰富集團控股有限公司 （於開曼群島註冊成立的有限公司） 合景泰富集團控股有限公司（「本公司」）董事會（「董事會」或「董事」）欣然公佈本公司 及其附屬公司（「本集團」）連同其合營企業及聯營公司2025年8月之若干未經審核營 運數據如下。 2025年8月，本集團及其合營企業及聯營公司之預售額為人民幣6.11億元，與去年 同期相比減少13.9%。本集團及其合營企業及聯營公司之預售建築面積約為24,800 平方米，與去年同期相比減少41%。 上述銷售數據未經審核，乃根據本集團及其合營企業及聯營公司初步內部資料編 製，鑒於收集該等銷售資料過程中存在各種不確定因素，該等銷售數據與本公司按 年度或半年度刊發的經審核或未經審核綜合財務報表中披露的數字可能存在差異， 因此上述數據僅供投資者參考。投資者於買 ...

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: 合景泰富集團控股有限公司 呈交日期: 2025年9月2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) | 01813 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | 本月底法定/註冊 ...

Group 1 - The core point of the article is that Kaisa Group Holdings Limited (01813.HK) reported a significant decrease in revenue for the six months ending June 30, 2025, amounting to approximately RMB 3,792.3 million, which is a 27.5% decline compared to RMB 5,234.0 million in the same period of 2024 [1] - The company experienced a loss of approximately RMB 2,171.7 million during the period, a notable improvement from a loss of about RMB 8,133.0 million in 2024 [1]

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the interim period ending June 30, 2025, indicating ongoing challenges in the property development sector [1] Financial Performance - The company achieved revenue of 3.792 billion, representing a year-on-year decrease of 27.54% [1] - The loss attributable to shareholders was 2.053 billion, a reduction of 75.03% compared to the previous year [1] - Basic loss per share was 0.60 [1] Property Development - Revenue from property development decreased by 30.5% compared to the same period in 2024 [1] - The total delivered gross floor area fell from 398,698 square meters in the first half of 2024 to 348,103 square meters in the first half of 2025 [1]

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the interim period ending June 30, 2025, indicating ongoing challenges in the property development sector [1] Financial Performance - The company achieved revenue of 3.792 billion, representing a year-on-year decrease of 27.54% [1] - The loss attributable to shareholders was 2.053 billion, which is a reduction of 75.03% compared to the previous year [1] - Basic loss per share was reported at 0.60 [1] Property Development - Revenue from property development decreased by 30.5% compared to the same period in 2024 [1] - The total delivered gross floor area fell from 398,698 square meters in the first half of 2024 to 348,103 square meters in the first half of 2025 [1]

[Company Information](index=3&type=section&id=Company%20Information) This section outlines the company's governance structure, key personnel, registered offices, financial partners, and public listing details [Board of Directors](index=3&type=section&id=Board%20of%20Directors) The Board of Directors comprises executive directors Kong Kin Man (Chairman), Kong Kin To (CEO), Kong Kin Nam, Choi Fung Ka, and independent non-executive directors Tam Chun Fai, Lo Yiu Wing, Wong Man Ming, with a change in company secretary on July 25, 2025 - Executive Directors include **Kong Kin Man (Chairman)**, **Kong Kin To (CEO)**, **Kong Kin Nam**, and **Choi Fung Ka**[7](index=7&type=chunk) - Independent Non-Executive Directors are **Tam Chun Fai**, **Lo Yiu Wing**, and **Wong Man Ming**[7](index=7&type=chunk) - The Company Secretary, Chan Kin Wai, resigned on July 25, 2025, and **Chan Sze Yin** was appointed[7](index=7&type=chunk) [Audit Committee](index=3&type=section&id=Audit%20Committee) The Audit Committee members include Tam Chun Fai (Chairman), Lo Yiu Wing, and Wong Man Ming, all of whom are independent non-executive directors - The Audit Committee is composed of **Tam Chun Fai (Chairman)**, **Lo Yiu Wing**, and **Wong Man Ming**[7](index=7&type=chunk) [Remuneration Committee](index=3&type=section&id=Remuneration%20Committee) The Remuneration Committee members include Tam Chun Fai (Chairman), Kong Kin Man, Lo Yiu Wing, and Wong Man Ming - The Remuneration Committee is composed of **Tam Chun Fai (Chairman)**, **Kong Kin Man**, **Lo Yiu Wing**, and **Wong Man Ming**[7](index=7&type=chunk) [Nomination Committee](index=3&type=section&id=Nomination%20Committee) The Nomination Committee members include Kong Kin Man (Chairman), Tam Chun Fai, Lo Yiu Wing, and Wong Man Ming - The Nomination Committee is composed of **Kong Kin Man (Chairman)**, **Tam Chun Fai**, **Lo Yiu Wing**, and **Wong Man Ming**[7](index=7&type=chunk) [Registered Office and Principal Place of Business](index=3&type=section&id=Registered%20Office%20and%20Principal%20Place%20of%20Business) The company's registered office is in the Cayman Islands, and its principal place of business in Hong Kong is located at Room 1301, 13th Floor, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong - The registered office is located at Cricket Square, Cayman Islands[7](index=7&type=chunk) - The principal place of business in Hong Kong is located at Room 1301, 13th Floor, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong[7](index=7&type=chunk) [Share Registrar](index=3&type=section&id=Share%20Registrar) The principal share registrar and transfer office is Suntera (Cayman) Limited, and the Hong Kong branch share registrar and transfer office is Hong Kong Registrars Limited - The principal share registrar and transfer office is **Suntera (Cayman) Limited**[7](index=7&type=chunk) - The Hong Kong branch share registrar and transfer office is **Hong Kong Registrars Limited**[8](index=8&type=chunk) [Principal Bankers](index=3&type=section&id=Principal%20Bankers) The company's principal bankers include Agricultural Bank of China, China Construction Bank, China Minsheng Bank, Hang Seng Bank, Industrial and Commercial Bank of China (Asia), Shanghai Pudong Development Bank, Standard Chartered Bank, Bank of East Asia, and The Hongkong and Shanghai Banking Corporation Limited - Principal bankers include **Agricultural Bank of China**, **China Construction Bank**, **China Minsheng Bank**, **Hang Seng Bank**, **Industrial and Commercial Bank of China (Asia)**, **Shanghai Pudong Development Bank**, **Standard Chartered Bank**, **Bank of East Asia**, and **The Hongkong and Shanghai Banking Corporation Limited**[8](index=8&type=chunk) [Auditor and Legal Advisers](index=3&type=section&id=Auditor%20and%20Legal%20Advisers) The company's auditor is BDO Limited, and its legal advisers include Sidley Austin (Hong Kong law) and Conyers Dill & Pearman (Cayman Islands law) - The auditor is **BDO Limited**[8](index=8&type=chunk) - Legal advisers include **Sidley Austin (Hong Kong law)** and **Conyers Dill & Pearman (Cayman Islands law)**[8](index=8&type=chunk) [Website and Stock Code](index=3&type=section&id=Website%20and%20Stock%20Code) The company's website is www.kwggroupholdings.com, and its stock code is 1813 (Main Board of The Stock Exchange of Hong Kong Limited) - The company's website is **www.kwggroupholdings.com**[8](index=8&type=chunk) - The stock code is **1813 (Main Board of The Stock Exchange of Hong Kong Limited)**[8](index=8&type=chunk) [Company Profile](index=4&type=section&id=Company%20Profile) KWG Group Holdings Limited, established in 1995 and listed in Hong Kong in 2007, is a leading urban comprehensive operator in China, focusing on first and second-tier cities with diversified businesses and a commitment to ESG - KWG Group was established in 1995 and listed on the Main Board of the Hong Kong Stock Exchange in July 2007 (Stock Code: 01813.HK)[9](index=9&type=chunk) - The company is positioned as a leading urban comprehensive operator in China, with a strategy of "Rooted in Guangzhou, Radiating Nationwide," focusing on first and second-tier cities, deeply cultivating the Guangdong-Hong Kong-Macao Greater Bay Area and Yangtze River Delta regions, and covering important urban economic circles such as the Bohai Rim and Central and Western regions, with a presence in over 40 cities[9](index=9&type=chunk) - The product portfolio covers mid-to-high-end residential, serviced apartments, villas, office buildings, hotels, and shopping centers, with property development and commercial operations as the main businesses, complemented by diversified business segments such as education and healthcare[9](index=9&type=chunk) - The future outlook focuses on residential and commercial property development, with a commitment to Environmental, Social and Governance (ESG) practices for sustainable development[9](index=9&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the group's financial performance, liquidity, market conditions, business operations, and future outlook [Financial Review](index=5&type=section&id=Financial%20Review) In the first half of 2025, the Group's revenue decreased by 27.5% year-on-year to RMB 3,792.3 million, primarily due to a comprehensive decline in property development, property investment, and hotel operations revenue; gross profit decreased by 4.4%, and other income and net gains significantly decreased by 94.2%; loss for the period significantly narrowed to RMB 2,171.7 million, mainly benefiting from income tax credit and reduced finance costs 2025 H1 Revenue Overview | Metric | 2025 H1 (RMB million) | 2024 H1 (RMB million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 3,792.3 | 5,234.0 | -27.5% | | Property Development Revenue | 3,072.6 | 4,421.2 | -30.5% | | Property Investment Revenue | 406.1 | 447.4 | -9.2% | | Hotel Operations Revenue | 313.6 | 365.4 | -14.2% | - The decrease in property development revenue was mainly due to a reduction in total GFA delivered from **398,698 square meters** in the first half of 2024 to **348,103 square meters** in the same period of 2025, and a decrease in average selling price from **RMB 11,089 yuan/square meter** to **RMB 8,827 yuan/square meter**, primarily driven by price reduction promotions to accelerate inventory destocking[14](index=14&type=chunk) - The decrease in property investment and hotel operations revenue was mainly due to the overall downward economic environment, leading to a decrease in leasing volume and hotel occupancy rates[15](index=15&type=chunk)[16](index=16&type=chunk) 2025 H1 Key Financial Performance | Metric | 2025 H1 (RMB million) | 2024 H1 (RMB million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Cost of sales | 3,698.8 | 5,136.1 | -28.0% | | Gross profit | 93.5 | 97.8 | -4.4% | | Other income and net gains | 29.7 | 510.0 | -94.2% | | Selling and marketing expenses | 342.0 | 453.6 | -24.6% | | Administrative expenses | 642.2 | 745.5 | -13.9% | | Other operating expenses | 255.1 | 3,917.5 | -93.5% | | Net fair value loss on investment properties | 122.0 | 470.9 | -74.1% | | Finance costs | 1,008.1 | 1,910.5 | -47.3% | | Share of loss of joint ventures | 873.7 | 923.8 | -5.4% | | Income tax credit/(expense) | 990.1 (credit) | 313.9 (expense) | Significant Improvement | | Loss for the period | 2,171.7 | 8,133.0 | -73.3% | - Cost of sales decreased by **28.0%**, mainly due to a decrease in the total GFA of properties delivered[18](index=18&type=chunk) - Other operating expenses significantly decreased by **93.5%**, primarily due to a reduction in impairment losses on properties under development[25](index=25&type=chunk) - Loss for the period significantly narrowed