2024 Environmental, Social and Governance Report * 僅供識別 For identification purpose only 目錄 | 報告概念及原則 | 2 | | --- | --- | | 報告期 | 2 | | 報告準則 | 2 | | 信息來源 | 3 | | 報告獲取 | 3 | | 董事會批准 | 3 | | 關於本集團 | 3 | | 董事會聲明 | 4 | | 主席致辭 | 5 | | 持份者溝通 | 5 | | 關鍵議題評估 | 8 | | 表現及數據一覽 | 9 | | 2024年主要獎項及成就列表 | 11 | | 環境部分 | 16 | | 管治部分 | 22 | | 社會部分 | 40 | | ESG未來展望 | 43 | | 香港交易所《環境社會及管治報告指引》 | | | 內容索引 | 44 | 環境、社會及管治報告 2024年，景瑞將順應市場趨勢與國家政策導向，面對目前的流動性困境，積極維護客戶、供 應商以及投資人等各利益相關方的權益，盤活存量資產，深耕價值城市，將「保交樓」作為目 前工作的核心，著力打造企業的交付力，嬴得政府 ...

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，概不就因本通告全部或任何部分內容所產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* 1. 省覽、考慮及採納截至2024年12月31日止年度的本公司及其附屬公司的經審核合併財務報表以 及本公司董事會報告及核數師報告。 2. (a) 重選本公司下列退任董事（「董事」）： (i) 徐海峰先生為執行董事； (ii) 陳超先生為執行董事； (iii) 劉天民先生為獨立非執行董事； (iv) 吳繼蘭女士為獨立非執行董事；及 (v) 項婷女士為獨立非執行董事。 (b) 授權董事會（「董事會」）釐定董事薪酬。 3. 續聘中正天恒會計師有限公司為本公司核數師，直至本公司下屆股東週年大會結束，並授權董 事會釐定彼於截至2025年12月31日止年度的酬金。 * 僅供識別 4. 考慮及酌情通過以下決議案為普通決議案（不論有否修訂）： （股份代號：01862） 股東週年大會通告 （於開曼群島註冊成立的有限公司） 茲通告Jingrui Hold ...

此乃要件 請即處理 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，概不就因本通函全部或任何部分 內容所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 閣下對本通函或應採取的行動如有任何疑問，應諮詢 閣下的持牌證券商、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Jingrui Holdings Limited（景瑞控股有限公司*）股份，應 立即將本通函及隨附代表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、持 牌證券商或其他代理人，以便轉交買主或承讓人。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01862） 建議 發行股份及購回股份的一般授權、 重選退任董事 及 股東週年大會通告 本封面頁所用詞彙與本通函「釋義」一節內所界定者具有相同涵義。 本公司將於2025年6月17日（星期二）上午十時正在上海市長寧區淞虹路207號明基商務廣 場B座8樓舉行股東週年大會，大會通告載於本通函第17至22頁。隨函附奉適用於股東 週年大會的代表委 ...

Financial Performance - Total revenue for 2024 was RMB 5,906.4 million, a decrease of 19.0% compared to RMB 7,294.5 million in 2023[17]. - The company reported a core net loss attributable to shareholders of RMB 2,946.8 million, an increase of 71.7% from RMB 1,716.7 million in 2023[17]. - Contracted sales amount for 2024 was RMB 2,077.2 million, down 45.2% from RMB 3,787.4 million in 2023[18]. - The average contracted sales price per square meter decreased by 13.1% to RMB 15,646.2 from RMB 17,995.0 in 2023[18]. - The gross loss margin for 2024 was (4.3%), a significant decline from a gross profit margin of 6.4% in 2023[19]. - The net loss for the year 2024 was RMB 3,245.1 million, with the loss attributable to equity holders of the company amounting to RMB 3,003.8 million[78]. - Revenue from property sales is RMB 4,976.4 million, a decline of 20.6% from RMB 6,265.8 million in 2023, primarily due to a decrease in property delivery area[44]. - The rental income was RMB 133.3 million, accounting for 2.2% of total revenue, which is a decline of 21.8% from RMB 170.4 million in the previous year[61]. - The property management services generated revenue of RMB 775.0 million, which is 13.1% of total revenue, showing a slight decrease of 2.3% from RMB 793.7 million in the previous year[61]. Debt and Liquidity - The net debt to equity ratio surged to 2,281% in 2024, compared to 386% in 2023, indicating increased financial leverage[19]. - The net debt-to-capital ratio as of December 31, 2024, was 2,281%, significantly higher than 386% as of December 31, 2023[86]. - The company has ongoing and planned projects with a total building area of 894,261 square meters, of which 546,514 square meters are post-equity[40]. - The total outstanding borrowings decreased from RMB 16,876.1 million as of December 31, 2023, to RMB 15,942.3 million as of December 31, 2024, representing a reduction of 5.5%[81]. - The company is actively taking steps to mitigate current liquidity issues, including the possibility of deferring or restructuring repayment schedules[176]. - The company is negotiating with lenders to extend the repayment schedule for certain borrowings[178]. - The company is seeking new financing from other financial institutions to address liquidity issues[180]. Operational Strategy - The company operates 112 projects across 24 cities in China as of the end of 2024[10]. - The company aims to enhance operational capabilities and asset value while focusing on core cities and urban areas[22]. - Future strategies include improving product quality and operational precision to achieve high-quality development[22]. - The company aims to enhance asset management capabilities and improve liquidity through various marketing strategies and value-added services[34]. - The company is actively exploring new operational strategies to reduce debt and leverage, while enhancing product quality and core competitiveness[33]. - The company is closely monitoring the collection of unrecognized sales revenue and ensuring timely mortgage loan disbursements to customers[177]. Corporate Governance - The board emphasizes the importance of high standards in corporate governance to protect shareholder interests and enhance corporate value[108]. - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, ensuring compliance with principles and code provisions[108]. - The company deviated from the corporate governance code by having the same individual serve as both chairman and CEO, which is against the code's recommendation[109]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence[109]. - The company aims to provide satisfactory and sustainable returns to shareholders while maintaining high ethical business standards[110]. - The company will continue to review and enhance its corporate governance practices to ensure compliance with the corporate governance code[109]. Employee and Diversity - The company employed 2,661 full-time employees as of December 31, 2024, down from 2,990 employees a year earlier[58]. - The total number of employees as of December 31, 2024, is 2,661, with male employees accounting for 53.4% and female employees accounting for 46.6%[129]. - The board consists of five male and two female members, indicating a significant improvement in gender diversity[127]. - The company has adopted a board diversity policy since March 18, 2014, which was revised on December 19, 2018, to ensure a diverse governance structure[126]. Market Outlook - The global economic growth forecast for 2024 is 3.2%, with emerging markets, particularly in Asia, expected to grow at 4.2%[41]. - The overall real estate market is expected to show weak balance and differentiation in 2025, with core city prices likely to remain stable or slightly increase, while third and fourth-tier cities may face adjustment pressure[96]. - The new housing market sales and investment scale may continue to decline, but the rate of decline is expected to narrow; the second-hand housing market is projected to maintain a certain level of activity[96]. Shareholder Communication - The company has implemented a shareholder communication policy to enhance investor relations and ensure timely disclosure of information[186]. - The company is committed to maintaining effective communication channels with shareholders to gather their opinions and feedback[187]. - The company will issue appropriate announcements regarding any significant developments in accordance with listing rules and securities regulations[180].

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，概不就因本公告全部或任何部份內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） 本公司將適時根據上市規則的規定另行刊發公告，以知會其股東及投資者有關呈請的任何重大發 展。 本公司股東及潛在投資者於買賣本公司證券時務須審慎行事。 承董事會命 Jingrui Holdings Limited 景瑞控股有限公司* 主席 閆浩 香港，2025年4月28日 （股份代號：01862） 內幕消息 押後清盤呈請聆訊 本公告乃由景瑞控股有限公司*（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上市規則」） 第13.09(2)(a)及13.25(1)(b)條以及香港法例第571章證券及期貨條例第XIVA部而作出。 茲提述本公司日期為2024年10月15日、2024年12月18日、2025年1月22日、2025年2月19日及2025年 4月22日有關針對本公司的清盤呈請及押後呈請聆訊日期之公告 ...

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，概不就因本公告全部或任何部份內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01862） 內幕消息 押後清盤呈請聆訊 本公告乃由景瑞控股有限公司*（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上市規則」） 第13.09(2)(a)及13.25(1)(b)條以及香港法例第571章證券及期貨條例第XIVA部而作出。 本公司宣佈，於2025年4月22日的呈請聆訊上，高等法院下令將呈請聆訊進一步押後至待確定的日 期。 本公司將適時根據上市規則的規定另行刊發公告，以知會其股東及投資者有關呈請的任何重大發 展。 本公司股東及潛在投資者於買賣本公司證券時務須審慎行事。 承董事會命 Jingrui Holdings Limited 景瑞控股有限公司* 主席 閆浩 香港，2025年4月22日 於本公告日期，董事會由執行董事閆浩、徐海峰及陳超；非執行董事陳新戈；以及獨立非執 ...

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，概不就因本公告全部或任何部份內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司*（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司（「本集團」）2025年3月 未經審計的營運數據。 本集團於2025年3月的合約簽約銷售額（連合營企業及聯營企業的銷售額）約為人民幣1.20億元，合同 銷售面積約為9,385平方米，合同銷售均價約人民幣12,765元╱平方米。 截至2025年3月31日止三個月，本集團累計合約簽約銷售額（連合營企業及聯營企業的銷售額）約為人 民幣2.42億元，合同銷售面積約為18,407平方米，合同銷售均價約人民幣13,147元╱平方米。 上述營運數據未經審計，乃根據本集團初步內部資料編製，鑒於整理該等銷售數據過程中可能存在 各種不確定因素，該等營運數據與本公司按年度或半年度刊發的經審計或未經審計合併財務報表中 披露的數字可能存在差異。因此，上述數據僅供投資者參考。投資者買賣本公司證券時務請謹慎 ...

Financial Performance - For the year ended December 31, 2024, the contracted sales amounted to approximately RMB 2,077.2 million, a decrease of 45.2% compared to the previous year[4] - Revenue for the year ended December 31, 2024, was RMB 5,906.4 million, representing a decline of approximately 19.0% year-on-year[4] - The group recorded a net loss of RMB 3,245.1 million for the year ended December 31, 2024[4] - The basic and diluted loss per share for the year was RMB (1.95), compared to RMB (1.12) in the previous year[6] - The total segment loss before income tax for 2024 was RMB 3,334,019,000, compared to a loss of RMB 1,715,512,000 in 2023, indicating a significant increase in losses[30] - The total segment loss for the year 2024, after tax credits, was RMB 3,245,057,000, compared to RMB 1,841,331,000 in 2023, indicating a worsening financial position[31] - The company reported a financial loss of RMB 547,094,000 from financial assets measured at fair value, compared to a loss of RMB 377,486,000 in 2023, indicating worsening performance in this area[32] - The company reported a significant increase in impairment losses for trade and other receivables, totaling RMB 396,840,000 in 2024 compared to a reversal of RMB (5,587,000) in 2023[45] - The company’s net loss attributable to equity holders was RMB 3,003.8 million, compared to a loss of RMB 1,721.2 million in 2023, indicating a significant increase in losses[55] Revenue Breakdown - Revenue from property sales decreased to RMB 4,976,408,000 in 2024 from RMB 6,265,777,000 in 2023, representing a decline of approximately 20.5%[27] - The revenue from property sales for the year was approximately RMB 4,976.4 million, representing a decrease of 20.6% compared to the previous year[64] - Revenue from property sales amounted to RMB 4,976.4 million, representing 84.3% of total revenue, down 20.6% from RMB 6,265.8 million in 2023[70] - The company generated RMB 775,046,000 from property management services, slightly down from RMB 793,658,000 in the previous year[27] - Rental income fell to RMB 133,312,000 from RMB 170,371,000, indicating a decrease of about 21.8%[27] Assets and Liabilities - As of December 31, 2024, total assets were RMB 30,617.8 million, down from RMB 39,507.6 million in the previous year[11] - Total liabilities decreased to RMB 29,933.0 million as of December 31, 2024, from RMB 35,302.7 million in the previous year[12] - The company had current liabilities of RMB 3,770,987,000, with short-term and long-term borrowings amounting to RMB 13,206,007,000 and RMB 2,736,256,000 respectively[18] - The total outstanding borrowings decreased from RMB 16,876.1 million on December 31, 2023, to RMB 15,942.3 million on December 31, 2024, representing a reduction of 5.5%[86] - The maximum credit risk exposure as of December 31, 2024, was RMB 10,150,000,000, up from RMB 9,148,000,000 in 2023[46] Cash Flow and Liquidity - The company’s cash and cash equivalents were only RMB 217,757,000, indicating significant liquidity issues[18] - The company’s cash flow from operations is largely independent of market interest rate fluctuations[93] - The company has no significant off-balance sheet liabilities as of December 31, 2024[92] - The company is actively negotiating with lenders to extend repayment schedules and has appointed a financial advisor to assess its capital structure[21] - The board has implemented plans to improve the group's liquidity and financial position, believing it will have sufficient funds to meet its operational obligations for the next 12 months[110] Corporate Governance and Legal Matters - A winding-up petition was submitted against the company on October 10, 2024, for a debt of approximately $108 million, with hearings scheduled for December 18, 2024, and subsequent dates[101] - The company will strongly oppose the petition and take necessary measures to protect its legal rights, with updates to be provided as required[102] - The board has resolved not to recommend a final dividend for the year ending December 31, 2024, consistent with the previous year[99] - The independent auditor was unable to express an opinion on the financial statements due to insufficient appropriate audit evidence[108] - The board had no independent non-executive directors after resignations on December 5, 2024, but has since appointed new independent directors to comply with governance standards[106] Operational Highlights - The company has diversified its business into three main platforms: Jingrui Real Estate, Jingrui Properties, and Jingrui Services to achieve strategic goals[58] - The company continues to focus on the Yangtze River Delta region while actively expanding into surrounding key cities and the Chengdu-Chongqing area[56] - The rental occupancy rate for apartment projects was 92.3%, while the office project occupancy rate was 86.9% as of December 31, 2024[65] - The company employed 2,661 full-time employees as of December 31, 2024, a decrease from 2,990 employees a year earlier[67] - The company’s service platform, covering over 50 cities, managed a contract area of nearly 50 million square meters[66]

景瑞控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於2025年3月28日（星期五）舉行董事 會會議，藉以審議及批准（其中包括）本公司及其附屬公司截至2024年12月31日止年度的全年業績及 其發佈，以及考慮建議派發末期股息（如有）。 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，概不對因本公告的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。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01862） 董事會會議召開日期 承董事會命 Jingrui Holdings Limited 景瑞控股有限公司* 主席 閆浩 香港，2025年3月18日 於本公告日期，本公司董事會由執行董事閆浩、徐海峰及陳超；非執行董事陳新戈；獨立非執行董 事劉天民、吳繼蘭及項婷組成。 * 僅供識別 ...

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，概不就因本公告全部或任何部份內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 承董事會命 Jingrui Holdings Limited 景瑞控股有限公司* 主席 閆浩 香港，2025年3月4日 於本公告日期，本公司董事會由執行董事閆浩、徐海峰及陳超；非執行董事陳新戈；獨立非執行董 事劉天民、吳繼蘭及項婷組成。 2025年2月未經審計的營運數據 景瑞控股有限公司*（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司（「本集團」）2025年2月 未經審計的營運數據。 本集團於2025年2月的合約簽約銷售額（連合營企業及聯營企業的銷售額）約為人民幣0.62億元，合同 銷售面積約為4,181平方米，合同銷售均價約人民幣14,829元╱平方米。 截至2025年2月28日止二個月，本集團累計合約簽約銷售額（連合營企業及聯營企業的銷售額）約為人 民幣1.22億元，合同銷售面積約為9,022平方米，合同銷售均價約人民幣13,523元╱ ...