Core Viewpoint - Jingrui Holdings (01862) announced that the hearing it applied for took place on October 16, 2025, and the decision has been postponed, with the date yet to be determined [1] Company Summary - Jingrui Holdings has undergone a hearing process related to its financial or operational matters [1] - The outcome of the hearing is currently uncertain as the decision has been postponed [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。 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、2025年 4月22日、2025年4月28日及2025年7月28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 （「該等公告」）。除非文義另有所指，否則本公告所使用詞彙應具有該等公告所界定的相同涵義。 本公司宣佈，呈請的聆訊已於2025年10月16日進行，並獲押後裁決，日期尚不能確定。本公司將刊 發進一步公告，以於裁決下達時向其股東及投資者提供最新資料。 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。 JINGRUI HOLDINGS LIMIT ...

Company News - Sunny Optical Technology (02382.HK) plans to transfer Shanghai Aolai for approximately 1.903 billion yuan and invest in GoerTek to jointly develop AI/AR optical business [2] - Orient Overseas International (00316.HK) reported a 8.3% decrease in shipping revenue for the first nine months, totaling approximately 6.696 billion USD, with an overall load factor down 1.5% and average revenue per standard container down 12.4% compared to the same period last year [2] - Xiehe New Energy (00182.HK) reported a 0.31% decrease in equity power generation for the first nine months, totaling 6,464.54 GWh, while solar equity power generation increased by 30.69% year-on-year [2] - Fast Retailing (06288.HK) announced annual results for the year ending August 31, 2025, with revenue of 3.400539 trillion yen, a year-on-year increase of 9.6%, and net profit of 433.009 billion yen, up 16.4% [3] - Dongfeng Motor Group (00489.HK) reported cumulative vehicle sales of 1.3168 million units for the first nine months, a year-on-year decline of approximately 3.6% [4] - Gemdale Property (00535.HK) reported a cumulative contract sales amount of approximately 8.533 billion yuan for the first nine months, a year-on-year decrease of 39.81% [4] - Baolong Real Estate (01238.HK) reported a contract sales total of approximately 5.431 billion yuan for the first nine months, down 43.64% year-on-year [4] - Zhengrong Real Estate (06158.HK) reported a cumulative contract sales amount of approximately 3.288 billion yuan for the first nine months, a year-on-year decrease of 32.8% [4] - JINGRUI Holdings (01862.HK) reported a contract sales amount of 740 million yuan for the first nine months, a year-on-year decrease of 49.52% [5] - China Wisdom Energy (01004) withdrew its liquidation petition [5] Shareholding Changes - Flat Glass Group (06865.HK) saw some shareholders and directors reduce their holdings by a total of 29.9803 million shares [6] - CNOOC Services (02883.HK) reported that its controlling shareholder, China National Offshore Oil Corporation, increased its holdings by 16.008 million H-shares over the past six months [6] - China National Offshore Oil Corporation (00883.HK) reported that its actual controller increased its holdings by 22.098 million shares in the past six months [6] - Tencent Holdings (00700.HK) repurchased 816,000 shares at a cost of 551 million HKD, with repurchase prices ranging from 666 to 680.5 HKD [6]

截至2025年9月30日止九个月，本集团累计合约签约销售额(连合营企业及联营企业的销售额)约为人民 币7.40亿元，同比减少49.52%，合同销售面积约为49415平方米，合同销售均价约人民币14975元/平方 米。 智通财经APP讯，景瑞控股(01862)发布公告，本集团于2025年9月的合约签约销售额(连合营企业及联营 企业的销售额)约为人民币1.17亿元，同比减少10%，合同销售面积约为7910平方米，合同销售均价约人 民币14791元/平方米。 ...

截至2025年9月30日止九个月，本集团累计合约签约销售额(连合营企业及联营企业的销售额)约为人民 币7.40亿元，同比减少49.52%，合同销售面积约为49415平方米，合同销售均价约人民币14975元/平方 米。 景瑞控股(01862)发布公告，本集团于2025年9月的合约签约销售额(连合营企业及联营企业的销售额)约 为人民币1.17亿元，同比减少10%，合同销售面积约为7910平方米，合同销售均价约人民币14791元/平 方米。 ...

截至2025年9月30日止九个月，集团累计合约签约销售额(连合营企业及联营企业的销售额)约为人民币 7.40亿元，合同销售面积约为4.94万平方米，合同销售均价约人民币14,975元╱平方米。 格隆汇10月9日丨景瑞控股(01862.HK)发布公告，集团于2025年9月的合约签约销售额(连合营企业及联 营企业的销售额)约为人民币1.17亿元，合同销售面积约为7,910平方米，合同销售均价约人民币14,791 元╱平方米。 ...

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* （股份代號：01862） （於開曼群島註冊成立的有限公司） 2025年9月未經審計的營運數據 香港，2025年10月9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 截至2025年9月30日止九個月，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7.40億元，合同銷售面積約為49,415平方米，合同銷售均價約人民幣14,975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行 事，並避免不恰當地依賴該等數 ...

致：香港交易及結算所有限公司 公司名稱: 景瑞控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年10月2日 FF301 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9月30日 狀態: 新提交 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) | 01862 | 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 | USD | | 0.01 USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | USD | | 0 | | 本月底結存 | | 10,000,000,000 | USD | | 0.01 USD | | 100,000,000 | 本月底法定/註冊股本總額： USD ...

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。 (1)有關實行消除無法發表意見之行動計劃的季度最新情況 及 (2)澄清公告 本公告乃由景瑞控股有限公司*（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事 會」）根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09條以及香港法例第 571章證券及期貨條例第XIVA部而作出。 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） 除上述澄清外，日期為2025年8月25日的該公告所載所有其他資料保持不變。 承董事會命 Jingrui Holdings Limited 景瑞控股有限公司* 主席 閆浩 香港，2025年9月30日 茲提述本公司截至2024年12月31日止年度的年報（「該年報」）以及本公司日期為2025年6月30日及2025 年8月25日內容有關實行消除無法發表意見之行動計劃 ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) [Company Details](index=3&type=section&id=Company%20Details) Jingrui Holdings Limited is an investment holding company registered in the Cayman Islands, primarily engaged in property development in China, with Mr. Yan Hao serving as Chairman and CEO - Company Name: **Jingrui Holdings Limited**[7](index=7&type=chunk)[8](index=8&type=chunk) - Executive Directors: Mr. Yan Hao (Chairman and CEO), Mr. Xu Haifeng, Mr. Chen Chao[7](index=7&type=chunk)[8](index=8&type=chunk) - Company Website: **www.jingruis.com**[7](index=7&type=chunk)[8](index=8&type=chunk) [Registered and Business Offices](index=4&type=section&id=Registered%20and%20Business%20Offices) The company's registered office is in the Cayman Islands, with its principal place of business in Shanghai, China, and a main office in Wan Chai, Hong Kong - Registered Office: **One Nexus Way, Camana Bay, Grand Cayman KY1-9005, Cayman Islands**[10](index=10&type=chunk)[11](index=11&type=chunk) - Principal Place of Business and Head Office in China: **8th Floor, Building B, BenQ Business Plaza, No. 207 Songhong Road, Shanghai, China**[10](index=10&type=chunk)[11](index=11&type=chunk) - Principal Place of Business in Hong Kong: **Room 1222, 12th Floor, China Resources Building, 26 Harbour Road, Wan Chai, Hong Kong**[10](index=10&type=chunk)[11](index=11&type=chunk) [Advisers and Stock Information](index=4&type=section&id=Advisers%20and%20Stock%20Information) Company legal advisers include Sidley Austin (Hong Kong law) and Grandall Law Firm (PRC law), with Zhongzheng Tianheng CPAs as auditor and stock code 01862 - Legal Advisers: **Sidley Austin (Hong Kong law), Grandall Law Firm (PRC law), Walkers (Cayman Islands law)**[10](index=10&type=chunk)[11](index=11&type=chunk)[12](index=12&type=chunk) - Auditor: **Zhongzheng Tianheng CPAs Co., Ltd.**[11](index=11&type=chunk)[12](index=12&type=chunk) - Stock Code: **01862**[11](index=11&type=chunk)[12](index=12&type=chunk) - Principal Bankers: **Industrial and Commercial Bank of China (Asia) Limited, The Bank of East Asia, Limited, Bank of China (Hong Kong) Limited, Agricultural Bank of China (Shanghai Branch), China Construction Bank (Shanghai Branch), Bank of China (Shanghai Branch), Bank of Shanghai (Shanghai Branch)**[13](index=13&type=chunk)[14](index=14&type=chunk) [Financial Highlights](index=6&type=section&id=Financial%20Highlights) [Key Financial Indicators](index=6&type=section&id=Key%20Financial%20Indicators) For the six months ended June 30, 2025, revenue significantly decreased by 76.2% to RMB 586.8 million, resulting in a gross loss of RMB 70.2 million and an expanded loss attributable to shareholders of RMB 2,005.8 million Key Financial Indicators for the Six Months Ended June 30, 2025 | Indicator | 2025 (RMB million) | 2024 (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 586.8 | 2,466.3 | (76.2) | | Gross (Loss)/Profit | (70.2) | 140.2 | (150.1) | | Loss for the Period (including non-controlling interests) | (2,112.1) | (1,571.9) | 34.4 | | Loss Attributable to Equity Holders | (2,005.8) | (1,483.2) | 35.2 | | Core Net Loss (including non-controlling interests) | (2,112.8) | (1,442.2) | 46.5 | | Core Net Loss Attributable to Equity Holders | (2,005.0) | (1,418.4) | 41.4 | [Key Operation Indicators](index=6&type=section&id=Key%20Operation%20Indicators) For the six months ended June 30, 2025, contracted sales amount decreased by 48.5% to RMB 472.0 million, contracted sales area decreased by 42.6%, and average contracted sales price decreased by 10.2% Key Operation Indicators for the Six Months Ended June 30, 2025 | Indicator | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Contracted Sales Amount (RMB million) | 472.0 | 916.1 | (48.5) | | Contracted Sales Area (square meters) | 32,775 | 57,130 | (42.6) | | Average Contracted Sales Price (RMB per square meter) | 14,401 | 16,034 | (10.2) | [Key Ratio Indicators](index=6&type=section&id=Key%20Ratio%20Indicators) As of June 30, 2025, the gross profit margin turned negative 12.0%, and the net debt-to-capital ratio significantly decreased from 2,281% at the end of 2024 to negative 1,097%, primarily due to total equity turning into a deficit Key Ratio Indicators as of June 30, 2025 | Indicator | 2025 (%) | 2024 (%) | | :--- | :--- | :--- | | Gross (Loss)/Profit Margin | (12.0) | 5.7 | | Net Debt-to-Capital Ratio(1) | (1,097) | 2,281 | - The net debt-to-capital ratio is calculated as net debt at period-end divided by total (deficit)/equity, multiplied by 100%[22](index=22&type=chunk) Net debt is calculated as total borrowings less cash and cash equivalents and restricted cash[22](index=22&type=chunk) [Chairman's Statement](index=7&type=section&id=Chairman's%20Statement) [Market Review](index=7&type=section&id=Market%20Review) H1 2025 China's GDP grew 5.3% with policy support; the property market faced deep adjustment, declining sales and new starts, with policies focused on stability and risk prevention - In H1 2025, China's GDP reached **RMB 66,053.6 billion**, growing **5.3%** year-on-year, with the economy continuing its recovery but highly dependent on policy support[24](index=24&type=chunk)[28](index=28&type=chunk) - The real estate market was in a phase of deep adjustment and differentiation, with the new home market stable in core cities but cooling in Q2, and the second-hand market seeing "price-for-volume" transactions[25](index=25&type=chunk)[29](index=29&type=chunk) China Real Estate Market Data for H1 2025 | Indicator | Data | Year-on-Year Change (%) | | :--- | :--- | :--- | | Commercial Property Sales Area | 350 million square meters | (2.9) | | Residential Sales Area | - | (2.6) | | Commercial Property Sales Amount | RMB 3.4 trillion | (3.8) | | Residential Sales Amount | - | (2.8) | | New Housing Starts Area | 332 million square meters | (22.8) | | New Residential Starts Area | 171 million square meters | (21.4) | | Housing Completion Area | 183.85 million square meters | (17.3) | - Real estate policies centered on "stabilizing the market, promoting demand, optimizing supply, and preventing risks," with central government initiatives on urban renewal, high-quality housing, and inventory optimization, and local policies on provident funds, purchase subsidies, and "trade-in" programs[26](index=26&type=chunk)[30](index=30&type=chunk) [Operational Performance](index=8&type=section&id=Operational%20Performance) In H1 2025, Jingrui's contracted sales fell short of expectations, decreasing by 48.5% to RMB 472 million; the company focused on property development, real estate, and property services, actively pursuing domestic and international debt restructuring, and suspending payments on all offshore USD senior notes principal and interest Contracted Sales Data for H1 2025 | Indicator | H1 2025 | H1 2024 | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Contracted Sales Amount | Approximately RMB 472 million | RMB 916 million | (48.5) | | Contracted Sales Area | Approximately 32,775 square meters | - | - | | Average Contracted Sales Price | RMB 14,401 per square meter | - | - | - As of June 30, 2025, the Group's land reserve was approximately **1,291,272 square meters**, with no new land projects acquired in H1, focusing on existing project development and delivery[32](index=32&type=chunk)[35](index=35&type=chunk) - The company remains focused on three business segments: property development, real estate, and property services, aiming to recover funds by revitalizing existing assets and selling less efficient self-held projects[33](index=33&type=chunk)[35](index=35&type=chunk) - Offshore USD senior notes debt restructuring has been initiated, with payments of all offshore USD senior notes principal and interest suspended to ensure fair treatment of all creditors[34](index=34&type=chunk)[36](index=36&type=chunk) [Exploring Business Strategies Under the New Model with Practicality and Innovation](index=9&type=section&id=Exploring%20Business%20Strategies%20