Group 1 - The Federal Reserve's October FOMC meeting minutes reveal significant internal divisions regarding future interest rate cuts, with discussions covering inflation risks, labor market cooling, and economic growth uncertainties [2] - The Fed ultimately voted 10 to 2 to lower the federal funds rate by 25 basis points, bringing the target range to 3.75% to 4%, but the decision was reached after intense debate [2] - There is a notable split among Fed officials regarding the appropriateness of further rate cuts in December, with some advocating for cuts if economic conditions align with expectations, while many prefer to maintain current rates [2] Group 2 - Following the release of the minutes, market expectations shifted significantly, with the probability of a December rate cut dropping from nearly 50% to around 30%, while the likelihood of no change rose to nearly 70% [2] - The swap market adjusted the expected cut magnitude for December from 11 basis points to just 6 basis points [2] Group 3 - In the primary market, four companies issued bonds today, including a merger agreement between CICC and two other securities firms, which requires board and regulatory approvals [4] - China Great Wall Asset Management announced plans to dispose of its debt claims against Evergrande Group, totaling approximately 1.09 billion yuan, with a principal amount of about 959 million yuan [4] - Zhongjun Group is seeking court approval for a creditor meeting to discuss a restructuring plan, with a hearing scheduled for March 24, 2026 [4]

Group 1 - Fuzhou successfully auctioned 11 land parcels, raising 4.226 billion yuan, with local state-owned enterprises dominating the bidding process [1] - Among the 11 parcels, 7 were residential lands, with Fuzhou Construction Group acquiring 4 parcels for a total of 2.695 billion yuan, showcasing the strength of local state-owned enterprises [1] - The floor price for the residential lands ranged from 6,312 to 17,873 yuan per square meter, indicating a competitive bidding environment [1] Group 2 - Zhongjun Group signed a revised restructuring support agreement with a creditor group, extending the deadline to July 31, 2026, with a possible extension to October 31, 2026 [2] - Approximately 78% of planned creditors holding internal debt have joined the restructuring support agreement, marking a significant milestone in the company's debt crisis management [2] - The revised agreement allows creditors similar rights to those of bank groups, facilitating a more structured approach to debt restructuring [2] Group 3 - Wang Wei, a director at Huaxia Happiness, publicly opposed the company's pre-restructuring announcement, claiming a lack of consultation and violation of governance procedures [3] - This opposition highlights a significant governance and debt restructuring conflict within Huaxia Happiness, raising concerns about the company's future direction [3] - The situation serves as a warning for other distressed companies regarding governance and debt management practices [3] Group 4 - Gujia Home announced that its major shareholder, Hangzhou Deyejiajun, has filed for restructuring due to inability to repay debts, but the company's operations will remain unaffected [4] - The court has accepted the restructuring application, indicating potential challenges for the shareholder but limited impact on Gujia Home's control and daily operations [4] - Investors are advised to monitor the restructuring progress, particularly regarding share disposal plans and potential impacts on the company's equity structure [4] Group 5 - Zhuhai Zhimian Group received an inquiry letter from the Shanghai Stock Exchange regarding its plan to sell 100% of its subsidiary, Zhuhai Gree Real Estate, for 5.518 billion yuan [5] - The inquiry focuses on legal risks related to the transaction, including guarantees and potential asset impairments, which are critical for ensuring compliance and transaction integrity [5] - The sale is part of the company's strategy to divest from real estate and focus on the duty-free business, with the cash proceeds expected to support expansion [5]

中 駿 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） 本公告並非亦不構成於美國或任何其他未有根據任何有關司法權區證券法例辦理 登記或取得資格前作出有關要約、游說或出售則屬違法的司法權區購買或出售任 何證券的要約或要約購買或出售該等證券的游說的任何部分。本公告所述證券不 曾亦不會根據一九三三年美國證券法登記，而證券在未辦理登記或未獲豁免登記 的情況下不得在美國發售、出售或以其他方式轉讓。將於美國公開發售的任何證 券將以售股章程形式作出。該售股章程將載有關於作出要約的公司及其管理層以 及 財 務 報 表 的 詳 細 資 料 。 本 公 司 並 無 計 劃 在 美 國 登 記 本 公 告 所 述 發 售 的 任 何 部 分。 CHINA SCE GROUP HOLDINGS LIMITED 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。 本公告僅供參考用途，並不構成收購、購 ...

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10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: 中駿集團控股有限公司 呈交日期: 2025年11月3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) | 01966 | 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 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 本月 ...

CHINA SCE GROUP HOLDINGS LIMITED 中 駿 集 團 控 股 有 限 公 司 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。 本公告僅供參考用途，並不構成收購、購買或認購本公司證券的邀請或要約。 本公告並非亦不構成於美國或任何其他未有根據任何有關司法權區證券法例辦理 登記或取得資格前作出有關要約、游說或出售則屬違法的司法權區購買或出售任 何證券的要約或要約購買或出售該等證券的游說的任何部分。本公告所述證券不 曾亦不會根據一九三三年美國證券法登記，而證券在未辦理登記或未獲豁免登記 的情況下不得在美國發售、出售或以其他方式轉讓。將於美國公開發售的任何證 券將以售股章程形式作出。該售股章程將載有關於作出要約的公司及其管理層以 及 財 務 報 表 的 詳 細 資 料 。 本 公 司 並 無 計 劃 在 美 國 登 記 本 公 告 所 述 發 售 的 任 何 部 分。 ...

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 致：香港交易及結算所有限公司 公司名稱: 中駿集團控股有限公司 呈交日期: 2025年10月2日 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01966 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 4,222,986,126 | | 0 | | 4,222,986,126 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 4,222,986,126 | | 0 | | 4,222,986,126 ...

CHINA SCE GROUP HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code：1966) N O T I F I C AT I O N L E T T E R Dear Non-registered shareholders (Note 1) , Please note that both the English and Chinese versions of all future Corporate Communications will be available electronicall y on the website of the Company at www.sce-re.com and the HKEXnews website at www.hkexnews.hk in place of printed copies. 24 September 2025 China SCE Group Holdings Limited (the "Company") – Notic ...

CHINA SCE GROUP HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code ：1966) The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEX") at www.hkexnews.hk and the Company's website at www.sce-re.com. For the shareholders who have selected to receive the Company's Corporate Communications in printed version, enclosed is the Current Corporate Com ...

Financial Performance - For the six months ended June 30, 2025, the revenue decreased by 25.4% to RMB 18,520,559,000 compared to RMB 24,816,532,000 in the same period of 2024[20] - Gross profit for the same period was RMB 3,849,743,000, reflecting a decline of 13.7% from RMB 4,459,982,000 in 2024[20] - The loss attributable to owners of the parent was RMB 3,479,512,000, a slight improvement of 5.5% compared to RMB 3,682,268,000 in the previous year[20] - Basic and diluted loss per share was RMB (82.4) cents, which is a 5.5% improvement from RMB (87.2) cents in 2024[20] - Revenue decreased by 25.4% from approximately RMB24,816,532,000 in the first half of 2024 to approximately RMB18,520,559,000 in the first half of 2025, primarily due to a decrease in property sales income[62] - Income from property sales decreased by 26.9% from approximately RMB23,925,857,000 in the first half of 2024 to approximately RMB17,482,222,000 in the first half of 2025, attributed to a decrease in delivered property area and average unit selling price[63] - Delivered property area decreased by 3.4% from 1,513,368 sq.m. in the first half of 2024 to 1,461,452 sq.m. in the first half of 2025, while the average unit selling price fell from RMB15,810 per sq.m. to RMB11,962 per sq.m.[63] Assets and Liabilities - Total assets decreased by 14.6% to RMB 109.51 billion as of June 30, 2025, compared to RMB 128.29 billion at the end of 2024[22] - The total liabilities decreased by 12.9% to RMB 102.51 billion as of June 30, 2025, from RMB 117.72 billion at the end of 2024[22] - The cash and bank balances decreased by 14.6% to RMB 3.46 billion compared to RMB 4.05 billion at the end of 2024[22] - The Group's investment properties decreased to RMB 15,873,300,000 as of June 30, 2025, from RMB 17,329,400,000 as of December 31, 2024, a decline of approximately 8.4%[98] - Properties under development fell to RMB 33,945,342,000 as of June 30, 2025, down from RMB 44,598,089,000 as of December 31, 2024, representing a decrease of about 23.9%[98] - The total borrowings of the Group as of June 30, 2025, amounted to RMB 34,570,203,000, a slight decrease from RMB 35,418,566,000 as of December 31, 2024, indicating a reduction of about 2.4%[92] Sales and Market Performance - Contracted sales for the first half of 2025 amounted to approximately RMB 3.743 billion, representing a significant year-on-year decrease of 38.9%[27] - The average selling price of properties during the period was RMB 8,120 per sq.m[27] - The sales amount of newly developed national commodity houses in the first half of 2025 was approximately RMB 4,424.1 billion, a decline of 5.5% year-on-year[25] - The Group ranked 18th in the "Top Delivery Volume Rankings for Typical Chinese Real Estate Developers" in the first half of 2025, indicating its commitment to delivery[28] - The Yangtze River Delta Economic Zone accounted for approximately 29.9% of total contracted sales, with an amount of RMB 1.120 billion[41] - Contracted sales in first-tier cities totaled RMB 291 million, representing 7.8% of total contracted sales[41] Operational Strategy - The Company continues to implement a prudent development strategy to secure its regional leading position in various economic zones[7] - The Company focuses on property development, commercial management, property management, and long-term rental apartments as its core business areas[5] - The Company aims to create smart living solutions to enhance customer satisfaction and happiness[6] - Future strategies include market expansion and potential mergers and acquisitions to strengthen its market position[6] - The Group will adopt a price-driven operation strategy to accelerate inventory turnover and stabilize gross profit margins[58] - The Group aims to enhance operational efficiency and brand value through refined business layout and synergy across segments[59] Corporate Governance - The Company is committed to high standards of corporate governance to enhance operational efficiency and safeguard shareholder interests[149] - The Audit Committee, established on January 6, 2010, comprises three independent non-executive Directors and oversees the Group's financial reporting and risk management[153] - The chairman of the Audit Committee has considerable experience in accounting and financial management, aligning with regulatory requirements[152] - The roles of chairman and chief executive officer are performed by the same individual, which the Board believes enhances consistency and efficiency in decision-making[150] Shareholder Information - Mr. Wong Chiu Yeung held a beneficial interest of 2,120,500,000 shares, representing 50.21% of the Company's issued share capital as of June 30, 2025[122] - Mr. Cheng Hiu Lok held a beneficial interest of 230,230,000 shares, representing 5.45% of the Company's issued share capital as of June 30, 2025[122] - Newup Holdings Limited holds 1,660,040,000 shares, accounting for 39.31% of the company's issued share capital[132] - As of June 30, 2025, no other directors or chief executives have registered interests in the company's shares[129] Debt and Financing - The Company has approximately RMB17.445 billion in defaulted or cross-defaulted principal of offshore senior notes and interest-bearing borrowings as of June 30, 2025[180] - The Company has pledged 504,000,000 shares, representing about 26.0% of its issued share capital, as collateral under the 2023 Facility Agreement[174] - The Company has not made a payment of approximately US$61 million in principal and interest under the 2021 Facility Agreement, resulting in an event of default[177] - Events of default under the 2023 Facility Agreement are ongoing and have not been waived[187] Employment and Human Resources - The total employment cost for the Group during the review period was approximately RMB 418,175,000, with a total of 5,860 employees as of June 30, 2025[113]

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。 本公告僅供參考用途，並不構成收購、購買或認購本公司證券的邀請或要約。 本公告並非亦不構成於美國或任何其他未有根據任何有關司法權區證券法例辦理 登記或取得資格前作出有關要約、游說或出售則屬違法的司法權區購買或出售任 何證券的要約或要約購買或出售該等證券的游說的任何部分。本公告所述證券不 曾亦不會根據一九三三年美國證券法登記，而證券在未辦理登記或未獲豁免登記 的情況下不得在美國發售、出售或以其他方式轉讓。將於美國公開發售的任何證 券將以售股章程形式作出。該售股章程將載有關於作出要約的公司及其管理層以 及 財 務 報 表 的 詳 細 資 料 。 本 公 司 並 無 計 劃 在 美 國 登 記 本 公 告 所 述 發 售 的 任 何 部 分。 CHINA SCE GROUP HOLDINGS LIMITED 中 駿 集 團 控 股 有 限 公 司 ...