Group 1 - Yongsheng Service Group announced the promotion of Zhou Hongbin to Vice Chairman of the Board and Lin Zhubo to President and Executive Director, effective September 1, 2025, as part of its long-term strategic development and governance optimization [2] - Zhou Hongbin, who joined Yongsheng Service in 2017, played a crucial role in the company's successful IPO in 2018 and has been instrumental in its transformation from a residential management service provider to a smart city service brand, increasing the managed area from 33.34 million square meters in 2017 to 355 million square meters by mid-2025 [2] - Lin Zhubo expressed commitment to enhancing service standards and quality, focusing on market expansion and optimizing value-added services to maintain growth momentum amid the real estate industry's deep adjustments [3]

Group 1 - The core point of the article is the leadership transition at Yongsheng Services, with Zhou Hongbin being promoted to Vice Chairman and Lin Zhubo taking over as President and Executive Director starting September 1, 2025 [2] Group 2 - Zhou Hongbin joined Yongsheng Services in 2017 and played a key role in its successful listing on the Hong Kong Stock Exchange in 2018, proposing a "platform + ecosystem" development strategy and establishing a five-year development path [6] - Under Zhou's leadership, Yongsheng Services has transformed from a residential management service company to a smart city service brand, with the managed contract area increasing from 33.34 million square meters in 2017 to 355 million square meters by mid-2025 [6] - Lin Zhubo, born in the 1980s, joined Xuhui Group in 2014 and was appointed as a non-executive director of Yongsheng Services in June this year, having previously worked at China State Construction Engineering and Vanke [6]

Group 1 - The core point of the article is the leadership transition at Yongsheng Services, with Zhou Hongbin being promoted to Vice Chairman and Lin Zhubo taking over as President and Executive Director starting September 1, 2025 [1][4] - Zhou Hongbin has been with Yongsheng Services since 2017 and played a crucial role in the company's successful listing on the Hong Kong Stock Exchange in 2018, implementing a "platform + ecosystem" development strategy [4] - Under Zhou's leadership, the company has transformed from a residential management service provider to a smart city service brand, with managed contract area increasing from 33.34 million square meters in 2017 to 355 million square meters by mid-2025 [4] Group 2 - Lin Zhubo, born in the 1980s, joined Xuhui Group in 2014 and was appointed as a non-executive director of Yongsheng Services in June this year [4] - Prior to joining Xuhui Group, Lin Zhubo worked at China State Construction Third Engineering Bureau and Vanke [4]

Core Viewpoint - Yongsheng Services (01995) announced a management restructuring to enhance its management team, effective September 1, 2025 [1] Group 1: Management Changes - Executive Director Mr. Zhou Hongbin will no longer serve as the Group's President and will be appointed as Vice Chairman of the Board [1] - Non-Executive Director Mr. Lin Zhubo will be promoted to Executive Director and appointed as President and member of the Company’s Strategic Committee [1] - Non-Executive Director Ms. Cui Xiaoqing will no longer be a member of the Strategic Committee [1] Group 2: Strategic Committee Composition - Following the changes, the Strategic Committee will consist of four members: Mr. Lin Zhong (Chairman), Mr. Zhou Hongbin, Mr. Lin Zhubo, and Mr. Zhou Di, all of whom are Executive Directors [1]

Core Viewpoint - Yongsheng Services (01995) announced a management restructuring to enhance its management team, effective September 1, 2025 [1] Group 1: Management Changes - Executive Director Mr. Zhou Hongbin will no longer serve as the Group's President and will be appointed as Vice Chairman of the Board [1] - Non-Executive Director Mr. Lin Zhubo will be promoted to Executive Director and appointed as President and a member of the Company's Strategic Committee [1] - Non-Executive Director Ms. Cui Xiaoqing will no longer be a member of the Strategic Committee [1] Group 2: Strategic Committee Composition - Following the changes, the Strategic Committee will consist of four members: Mr. Lin Zhong (Chairman), Mr. Zhou Hongbin, Mr. Lin Zhubo, and Mr. Zhou Di, all of whom are Executive Directors [1]

Core Viewpoint - Yongsheng Services (01995.HK) announced management changes to strengthen its management team, effective September 1, 2025 [1] Group 1 - Executive Director Zhou Hongbin will no longer serve as the Group's President and will be appointed as Vice Chairman of the Board [1] - Non-Executive Director Lin Zhubo will be promoted to Executive Director and appointed as President and a member of the Company's Strategic Committee [1] - Non-Executive Director Cui Xiaoqing will no longer serve as a member of the Strategic Committee [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，概不對因本公告全部或任何部分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。 (1) 董事調任 本公司董事（「董事」）會（「董事會」）宣佈，由於本集團進行職責調任以進一步加強管 理團隊，董事會已進行以下變更，自2025年9月1日起生效： Ever Sunshine Services Group Limited 永升服務集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1995） (1) 董 事 調 任； 及 (2) 戰略委員會組成的變更 本公告由永升服務集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）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13.51(2)條作出。 – 2 – 自2014年10月至2019年5月，周先生擔任中國物業管理協會副會長，並自 2019年 5月起擔任榮譽副會長。彼自2014年3月起先後擔任中國物業管理協會行業發展研 究中心副主任、中國物業管理協會標準化建設專業委員會副主任、中國物業管理協 會社區生活服務專業 ...

（股份代號：1995） 董事名單與其角色及職能 永升服務集團有限公司的董事會（「董事會」）成員載列如下。 執行董事 林中先生 （主席） 周洪斌先生 （副主席） 林祝波先生 周迪先生 獨立非執行董事 Ever Sunshine Services Group Limited 永升服務集團有限公司 （於開曼群島註冊成立的有限公司） 非執行董事 附註： C 指有關董事委員會主席 M 指有關董事委員會成員 香港，2025年9月1日 崔曉青女士 馬永義先生 俞鐵成先生 張偉聰先生 董事委員會 董事 戰略 委員會 審核 委員會 薪酬 委員會 提名 委員會 林中先生 C M C 周洪斌先生 M 林祝波先生 M 周迪先生 M 崔曉青女士 M 馬永義先生 M M M 俞鐵成先生 M C M 張偉聰先生 C M 董事會設立四個委員會。下表提供各董事會成員在該等委員會中所擔任的職位。 ...

Summary of the Conference Call Industry Overview - **Industry**: Property Market in Mainland China and Hong Kong SAR - **Key Insights**: The property market is experiencing mixed signals with leading indicators in Mainland China showing declines while Hong Kong sees strong tourist arrivals. Mainland China Property Market - **Leading Indicators**: - Centaline tier-1 cities' secondary asking price index decreased from 19.4 to 18.5, marking the lowest since May 2024 [4] - Centaline manager confidence index fell from 45 to 44, reaching a new low since October 2024 [4] - **Sales Performance**: - 60-city primary sales increased by 1% year-over-year, recovering from a previous decline of 8% [4] - Sales registrations in Beijing improved by 17% year-over-year following policy easing on August 7, but asking prices remained stable [4] - 12-city secondary sales year-over-year growth improved from 4% to 6% [4] - **Market Dynamics**: - The sector's share price rose by 3% last week, with Vanke outperforming at +9% [4] - Notable underperformers included Shimao (-14%) and A-Living (-7%) [4] - **Investment Recommendations**: - Top picks include CR Land, CR Mixc, and Jinmao, with potential upside in laggards like COLI, COPH, and Longfor [4] Hong Kong Property Market - **Tourism Impact**: - Tourist arrivals increased by 1% week-over-week to 1.24 million, the highest year-to-date, with a year-over-year growth of 19% [4] - **Residential Sales**: - Residential sell-through rates have slowed, with Blue Coast II achieving a 56% sell-through rate, lower than expected [4] - Home price index fell by 0.5% week-over-week [4] - **Market Indicators**: - Centa Valuation Index rose to 65.2, indicating banks are revising up valuations, which supports price stabilization [4] - Secondary transactions in top 35 estates increased by 52% week-over-week to 82 units [4] - **Investment Recommendations**: - Among landlords, top picks include Swire Prop, Hang Lung, Wharf REIC, and Link REIT; among developers, Henderson and Sino are favored [4] Additional Insights - **Market Sentiment**: - The overall sentiment in the property market remains cautious, with leading indicators suggesting potential challenges ahead [4] - **Credit Views**: - Vanke reported a quarterly net loss of RMB 6 billion, with net gearing rising to 90% in Q2 2025, but is not expected to default due to support from Shenzhen Metro [9] - **Share Price Movements**: - The property sector in Mainland China and Hong Kong showed varied performance, with some companies experiencing significant fluctuations in share prices [4][55] This summary encapsulates the key points from the conference call regarding the property markets in Mainland China and Hong Kong, highlighting both challenges and opportunities for investors.

Core Viewpoint - The property management industry is undergoing a transformation amid a downturn in the real estate sector, with listed property companies facing both growth opportunities and challenges in revenue and profitability [2][4][11]. Revenue Growth Trends - Several listed property companies, such as Binhai Service, reported revenue growth, with Binhai Service achieving 2.025 billion yuan, a year-on-year increase of 22.7% [2]. - Greentown Service reported revenue of 9.289 billion yuan, a 6.1% increase year-on-year, but its growth rate has slowed compared to the previous year [3]. - The average revenue growth rate for top property companies has dropped below 5%, with a significant decline in growth rates observed in 2024 compared to 2023 [4]. Profitability Challenges - Some companies, like Yongsheng Service, faced declining net profits, with a 19.4% year-on-year decrease despite a 2.7% increase in revenue [5]. - The overall profitability of property management companies is under pressure due to rising operational costs and a shift in business structure, leading to a low growth phase for earnings [4][10]. Market Dynamics and Competition - The property management industry is transitioning from an incremental growth phase to a stock market phase, intensifying competition and requiring companies to optimize project quality [2][6]. - Companies are responding to challenges such as project withdrawals and service fee reductions, with some reporting significant areas of contract withdrawal [6][7]. Strategic Adjustments - Companies are focusing on strategic adjustments, including optimizing regional layouts and enhancing service quality to cope with market pressures [7][8]. - The use of AI technology is becoming a key driver for cost reduction and efficiency improvement in property management [10]. Future Outlook - The property management industry is still considered to be in a golden development period, with future competition expected to focus on efficiency, quality, brand, and sustainable profitability rather than just scale [11].