Group 1: Blue Light Development - Blue Light Development has been added to the list of dishonest executors, with 25 new entries from June 17, 2025, to September 16, 2025 [1] - The company reported a net loss of 2.552 billion yuan for the first half of 2025, primarily due to an operating loss of approximately 1.88 billion yuan, impairment provisions of 194 million yuan, and non-operating losses of 480 million yuan [2] - As of the latest update, Blue Light Development has 15 defaulted bonds totaling 12.067 billion yuan, with 3 offshore bonds remaining in circulation, totaling 1.05 billion USD, all of which are also in default [2] Group 2: Guanghui Automobile Service - Guanghui Automobile Service has been added to the list of dishonest executors, along with its subsidiaries, due to failure to pay rent and penalties as per court judgment [2] - The company’s chairman and controlling shareholder have also been restricted from high consumption activities [2] - Guanghui Automobile Service has 3 defaulted bonds amounting to 2.117 billion yuan [3] Group 3: ST Dongshi - ST Dongshi has had its bank accounts frozen for an amount of 265.2 million yuan due to a court ruling related to a liability dispute [3] - The company expects a net profit loss of between 126 million yuan and 105 million yuan for the first half of 2025, primarily due to declining revenue and high fixed costs [4] - ST Dongshi reported a continuous net loss of 903 million yuan in 2024 and 362 million yuan in 2023 [4] Group 4: Shandong Shengtong Group - Shandong Shengtong Group has defaulted on 9 bonds, with a total default amount of 5.756 billion yuan [4] - Ordinary creditors received a distribution of 0.2% of their unpaid claims as part of the bond default process [4] Group 5: Hongyang Real Estate - Hongyang Real Estate's liquidation hearing has been postponed to March 23, 2026, with support from several priority noteholders [5] - The company reported a revenue of approximately 2.712 billion yuan for the first half of 2025, a decrease of 54.8% compared to the same period in 2024 [5] - The net loss attributable to the parent company was approximately 1.884 billion yuan, an increase of 5.59% year-on-year [5] - Hongyang Real Estate has 6 offshore bonds in circulation, with a total outstanding balance of 1.5134 billion USD, all of which are in default [6]

Core Points - Hongyang Real Estate has received approval from the Hong Kong High Court for a deferral application, supported by several priority noteholders, with the hearing for the winding-up petition postponed to March 23, 2026 [1] - The winding-up petition was originally filed by the London branch of the Bank of New York Mellon, concerning financial obligations of no less than $228.5 million, related to the company's $200 million 9.50% secured notes due in 2023 [1]

Core Viewpoint - Hongyang Real Estate (01996) has received approval from the High Court for a deferral application supported by several priority noteholders, with the hearing now postponed to March 23, 2026 [1] Group 1 - The company expresses gratitude for the ongoing support and participation of its creditors [1] - The company will continue to advance the restructuring process in an orderly manner with consensus among all parties involved [1]

Core Viewpoint - Hongyang Real Estate (01996) has received approval from the High Court for a deferral application, supported by several priority noteholders, with the hearing now postponed to March 23, 2026 [1] Group 1 - The High Court approved the deferral application on September 15, 2025 [1] - The hearing for the application has been postponed to March 23, 2026 [1] - The company expresses gratitude for the continued support and participation of its creditors [1] Group 2 - The company will continue to advance the restructuring process in an orderly manner with consensus from all parties involved [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。 Redsun Properties Group Limited 弘陽地產集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1996） 本公司感謝債權人的持續支持及參與，並將繼續有序推進各方一致意見的重組。 董 事 會 將 就 有 關 該 呈 請 的 任 何 重 大 進 展 知 會 其 股 東 及 投 資 者，本 公 司 將 適 時 或 根據上市規則規定另行刊發公告。 – 1 – 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 內幕消息 清盤呈請更新 本 公 告 乃 由 弘 陽 地 產 集 團 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)條及第13.25(1)(b)條，以及香港法例第571章 證券及期貨條例第XIVA部 項 下 的 內 幕 消 息 條 文（定 義 見 上 市 規 則）作 出。 ...

Core Viewpoint - Hongyang Real Estate reported its unaudited operational data for the period ending August 31, 2025, indicating a significant performance in contract sales and pricing trends [1] Group 1: Sales Performance - In August 2025, Hongyang Real Estate achieved a contract sales amount of RMB 299 million, with a sales area of 23,249 square meters, resulting in an average sales price of RMB 12,853 per square meter [1] - From January to August 2025, the company recorded a cumulative contract sales amount of RMB 3.506 billion, with a total sales area of 262,100 square meters, and an average sales price of RMB 13,377 per square meter [1]

Core Viewpoint - Hongyang Real Estate (01996.HK) has exercised its discretion to extend the deadline for the restructuring support agreement fee from September 5, 2025, to September 19, 2025, and the base restructuring support agreement fee deadline from September 19, 2025, to October 3, 2025 [1] Group 1 - The company has announced the extension of the restructuring support agreement fee deadline [1] - The new deadline for the base restructuring support agreement fee is now set for October 3, 2025 [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。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。於美國或任何其他 根據任何有關司法權區證券法例登記或合資格前作出有關提呈、招攬或出售則屬不合法的 司法權區，本公告並非亦不構成提呈購買或出售或招攬購買或出售任何證券的要約的任何 部 分。本 公 告 所 述 證 券 未 曾 亦 不 會 根 據1933年 美 國 證 券 法 登 記，未 辦 理 登 記 或 未 獲 豁 免 登 記前，不得在美國境內發售、出售或以其他方式轉讓。於美國公開發售任何證券將以發售章 程 形 式 進 行，有 關 發 售 章 程 可 向 本 公 司 獲 取，並 將 載 有 關 於 本 公 司 及 其 管 理 層 以 及 財 務 報 表的詳盡資料。本公司無意於美國登記本公告所述任何發售的任何部分。 Redsun Properties Group Limited 尚未加入重組支持協議的所有現有債務持有人可盡快考慮重組支持協議的條款 ...

Company News - Sun Hung Kai Properties (00016.HK) reported a revenue of HKD 79.721 billion for the fiscal year 2025, an increase of 11.5% year-on-year; net profit reached HKD 19.277 billion, up 1.2% year-on-year [2] - Sincere Watch International (00732.HK) recorded a net operating revenue of approximately HKD 11.011 billion for the first eight months, a decrease of 5.5% year-on-year; in August, the net operating revenue was about HKD 1.445 billion, down 6.5% year-on-year [2] Financial Activities - China Construction Bank (00939.HK) announced that CCB Financial Leasing plans to increase its capital by HKD 3 billion to CCB Shipping and Aviation [3] Pharmaceutical Developments - Heng Rui Medicine (01276.HK) received approval to conduct clinical trials for RSS0393 ointment, which can alleviate tissue damage and inflammation related to atopic dermatitis [4] - Heng Rui Medicine (01276.HK) also received approval for clinical trials of HRS-4729 injection, a tri-agonist for GLP-1R/GIPR/GCGR [4] Real Estate Sales Performance - China Overseas Land & Investment (00688.HK) reported a contracted sales amount of HKD 150.331 billion for the first eight months, a decline of 16.5% year-on-year; August contracted sales were HKD 18.33 billion, down 0.7% year-on-year [5] - Sunac China (01918.HK) recorded a contracted sales amount of approximately HKD 30.47 billion for the first eight months, a decrease of 13% year-on-year; August contracted sales were HKD 5.39 billion, down 26.7% year-on-year [5] - China Overseas Grand Oceans Group (00081.HK) reported a contracted sales amount of HKD 20.783 billion for the first eight months, a decline of 10.6% year-on-year; August contracted sales were HKD 2.133 billion, an increase of 6.1% year-on-year [5] - Gemdale Corporation (00535.HK) reported a total contracted sales of approximately HKD 7.588 billion for the first eight months, a decrease of 39% year-on-year; August contracted sales were HKD 608 million, down 52.9% year-on-year [5] - Hongyang Real Estate (01996.HK) reported a contracted sales amount of HKD 3.506 billion for the first eight months, a decrease of 42.2% year-on-year; August contracted sales were HKD 299 million, down 48.5% year-on-year [5] - Ronshine China Holdings (03301.HK) reported a contracted sales amount of approximately HKD 2.7 billion for the first eight months, a decline of 46.4% year-on-year; August contracted sales were about HKD 130 million, down 87.9% year-on-year [5] Share Buyback Activities - HSBC Holdings (00005.HK) repurchased 2.01 million shares at a cost of approximately HKD 200 million, with prices ranging from HKD 98.75 to HKD 100.3 [6] - Midea Group (00300.HK) repurchased 310,000 shares at a cost of approximately HKD 25.849 million, with prices ranging from HKD 83.3 to HKD 83.5 [6] - Hang Seng Bank (00011.HK) repurchased 210,000 shares at a cost of approximately HKD 23.799 million, with prices ranging from HKD 112.9 to HKD 113.7 [6] - MGM China Holdings (02282.HK) repurchased 1 million shares at a cost of approximately HKD 15.687 million, with prices ranging from HKD 15.58 to HKD 15.97 [6] Shareholding Changes - Kanglong Chemical (03759.HK) completed a share reduction plan, with a total of 26.6729 million shares reduced [6] - Sinopec Limited (00386.HK) canceled 67.624 million shares that had been repurchased [6]

Core Viewpoint - Hongyang Real Estate (01996) reported a significant decline in contract sales for August 2025, indicating ongoing challenges in the real estate market [1] Group 1: Sales Performance - The contract sales amount for August 2025 was RMB 299 million, representing a year-on-year decrease of 48.54% [1] - The sales area for the same month was 23,200 square meters, with an average selling price of RMB 12,853 per square meter [1] Group 2: Cumulative Sales Data - From January to August 2025, the total contract sales amounted to RMB 3.506 billion, down 42.24% year-on-year [1] - The cumulative sales area during this period was 262,100 square meters, with an average selling price of RMB 13,377 per square meter [1]