股份上市的最后日期为2026年1月6日，并将自2026年1月7日上午9时起取消上市地位。本公司不会就上 市委员会作出的除牌决定申请覆核。 德信中国(02019)发布公告，2025年12月18日，本公司收到港交所来函，指出由于本公司未能达成港交 所施加的复牌指引所列任何要求，且股份截至2025年12月10日仍维持暂停买卖及并未复牌，港交所上市 委员会已根据上市规则第6.01A(1)条决定取消本公司上市地位。 另外，公司股份继续停牌。 ...

继续停牌。 格隆汇12月19日丨德信中国(02019.HK)公告，2025年12月18日，公司收到港交所来函，指出由于公司未 能达成港交所施加的复牌指引所列任何要求，且股份截至2025年12月10日仍维持暂停买卖及并未复牌， 港交所上市委员会已根据上市规则第6.01A(1)条决定取消公司上市地位。 股份上市的最后日期为2026年1月6日，并将自2026年1月7日上午9时起取消上市地位。公司不会就上市 委员会作出的除牌决定申请覆核。 ...

股份上市的最后日期为2026年1月6日，并将自2026年1月7日上午9时起取消上市地位。本公司不会就上 市委员会作出的除牌决定申请覆核。 智通财经APP讯，德信中国(02019)发布公告，2025年12月18日，本公司收到港交所来函，指出由于本公 司未能达成港交所施加的复牌指引所列任何要求，且股份截至2025年12月10日仍维持暂停买卖及并未复 牌，港交所上市委员会已根据上市规则第6.01A(1)条决定取消本公司上市地位。 另外，公司股份继续停牌。 ...

DEXIN CHINA HOLDINGS COMPANY LIMITED 德信中國控股有限公司 (清盤中) 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。 本公告乃由德信中國控股有限公司(清盤中)（"本公司"）根據香港聯合交易所有限公司 （"港交所"）證券上市規則（"上市規則"）第 13.24A 條而作出。 茲提述：(i) 本公司於 2024 年 6 月 11 日刊發的公告，內容有關本公司的清盤及本公司股 份（"股份"）的停牌事宜；(ii) 本公司於 2024 年 8 月 2 日刊發的公告，內容有關委任本 公司的共同及各別清盤人（"清盤人"）以及港交所發出的復牌指引（"復牌指引"）；(iii) 本公司於 2024 年 8 月 26 日及 2024 年 11 月 13 日刊發的公告，內容有關港交所發出的額 外復牌指引（"額外復牌指引"）；及 (iv) 本公司於 2024 年 9 月 16 日、2024 年 12 月 12 日、2025 年 3 月 6 ...

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。 DEXIN CHINA HOLDINGS COMPANY LIMITED 德信中國控股有限公司 （清盤中） ( 於開曼群島註冊成立的有限公司 ) （股份代號：2019） (1) 季度更新公告 (2) 更改香港股份過戶登記分處 及 (3)繼續停牌 本公告乃由德信中國控股有限公司(清盤中)（"本公司"）根據香港聯合交易所有限公司 （"港交所"）證券上市規則（"上市規則"）第 13.24A 條而作出。 茲提述：(i) 本公司於 2024 年 6 月 11 日刊發的公告，內容有關本公司的清盤及股份 （"股份"）的停牌事宜；(ii) 本公司於 2024 年 8 月 2 日刊發的公告，內容有關委任本公 司的共同及各別清盤人（"清盤人"）以及港交所發出的復牌指引（"復牌指引"）；(iii) 本公司於 2024 年 8 月 26 日及 2024 年 11 月 13 日刊發的公告，內容有關港交所發出的額 外復牌指引（"額 ...

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。 DEXIN CHINA HOLDINGS COMPANY LIMITED 德信中國控股有限公司 （清盤中） ( 於開曼群島註冊成立的有限公司 ) （股份代號：2019） 股份過戶登記處辭任 本公告乃由德信中國控股有限公司（清盤中）（"本公司"）根據香港聯合交易所有限公 司（ "港交所" ）證券上市規則（"上市規則"）第 13.51(5) 條作出。 茲提述：(i) 本公司於 2024 年 6 月 11 日刊發的公告，內容有關本公司的清盤及股份 （"股份"）的停牌事宜；(ii) 本公司於 2024 年 8 月 2 日刊發的公告，內容有關委任本公 司的共同及各別清盤人（"清盤人"）以及港交所發出的首份復牌指引（"第一份復牌指 引"）；(iii) 本公司於 2024 年 8 月 26 日及 2024 年 11 月 13 日刊發的公告，內容有關港交 所發出的額外復牌指引（"額外復牌指引"）；及 (iv) 本公司於 ...

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。 DEXIN CHINA HOLDINGS COMPANY LIMITED 德信中國控股有限公司 （清盤中） ( 於開曼群島註冊成立的有限公司 ) （股份代號：2019） (1) 季度更新公告 (2) 更改香港股份過戶登記分處 及 (3)繼續停牌 本公告乃由德信中國控股有限公司(清盤中)（"本公司"）根據香港聯合交易所有限公司 （"港交所"）證券上市規則（"上市規則"）第 13.24A 條而作出。 茲提述：(i) 本公司於 2024 年 6 月 11 日刊發的公告，內容有關本公司的清盤及股份 （"股份"）的停牌事宜；(ii) 本公司於 2024 年 8 月 2 日刊發的公告，內容有關委任本公 司的共同及各別清盤人（"清盤人"）以及港交所發出的首份復牌指引（"第一份復牌指 引"）；(iii) 本公司於 2024 年 8 月 26 日及 2024 年 11 月 13 日刊發的公告，內容有關港交 所發出的額外復 ...

Delivery and Revenue Performance - In 2023, the Company delivered approximately 40,000 units across 49 batches, with a total delivered area of 6.20 million sq.m., achieving 100% delivery as contracted[14]. - The Company's total revenue for the year ended December 31, 2023, was approximately RMB24.51 billion, representing a year-on-year increase of approximately 10.7%[20]. - Revenue from property sales was RMB23.98 billion, reflecting a year-on-year increase of 12.9%[20]. - The overall market fundamentals remained weak despite a brief recovery at the beginning of the year[12]. - Contracted sales for the year were approximately RMB 22,160 million, indicating a year-on-year decrease of approximately 38.6%[40]. - The average selling price (ASP) of contracted sales was approximately RMB 18,544 per sq.m., which is a year-on-year increase of approximately 1.4%[40]. - The gross floor area of completed housing increased by 17.0% to 998.31 million sq.m.[32]. - The total recognized GFA for property sales was approximately 1,320,337 sq.m., an increase of approximately 24.3% compared to the previous year[45]. - Revenue from property sales increased by approximately 12.9% year-on-year to approximately RMB 23,976.2 million, accounting for approximately 97.8% of total revenue[74]. Market Environment and Challenges - The real estate market in China faced challenges in 2023, including negative population growth and tightened liquidity, leading to a complex industry environment[12]. - The national real estate development investment decreased by 9.6% year-on-year, amounting to RMB 11,091.3 billion[32]. - The sales area of commercial housing fell by 8.5% year-on-year, totaling 1,117.35 million sq.m.[32]. - The Company emphasized the importance of on-time delivery to meet buyer expectations and maintain livelihood stability[13]. Land Reserves and Strategic Focus - By the end of 2023, the Company's land reserve in first- and second-tier cities reached 80% of its portfolio, focusing on high-quality land resources in the Yangtze River Delta region[19]. - The company focused on land reserves in first and second-tier cities, achieving an 80% share of land reserves in these areas by the end of 2023[1]. - As of 31 December 2023, the Group had land reserves amounting to approximately 10,110,017 sq.m., with 134 projects in total[65]. - The total land reserves held by joint ventures and associates amount to 923,777 sq.m., representing 9.1% of the total[180]. Financial Performance and Losses - The Group recorded a net loss of approximately RMB 1,960.3 million for the year, with loss attributable to owners of the Company decreasing by approximately 685.7% year-on-year to approximately RMB 2,188.9 million[73]. - Basic and diluted losses per share for the year ended December 31, 2023, were RMB 0.74, representing a decrease of approximately 628.6% from earnings per share of RMB 0.14 in 2022[105]. - The Group's profit and total comprehensive income decreased significantly, resulting in a loss of approximately RMB 1,960.3 million for the year ended December 31, 2023, compared to a profit of RMB 161.5 million in 2022[104]. - The loss attributable to the owners of the Company increased from approximately RMB 373.7 million for the year ended December 31, 2022, to approximately RMB 2,188.9 million for the year ended December 31, 2023, a decrease of approximately 685.7%[109]. Operational Efficiency and Cost Management - The Group aims to improve the efficiency in the development and operation of its investment properties to ensure stable rental income growth[66]. - Selling and marketing expenses rose by approximately 22.73% year-on-year, increasing from RMB 689.2 million in 2022 to RMB 845.8 million in 2023, driven by higher capitalized sales and selling expenses[89][92]. - Administrative expenses increased by approximately 21.2% year-on-year, from RMB 870.5 million in 2022 to RMB 1,054.8 million in 2023, largely due to provisions for impairment of inventories and receivables[93][98]. - Finance costs surged by approximately 260.2% year-on-year, rising from RMB 97.9 million in 2022 to RMB 352.5 million in 2023, primarily due to increased costs related to non-controlling interests and decreased income from bank deposits[94][99]. Employee and Organizational Changes - The Group's total employee count decreased to 1,273 as of December 31, 2023, down from 1,561 in the previous year[167]. - Total expenditure on employee salaries and welfare for the year ended December 31, 2023, was approximately RMB423.2 million, a decrease from approximately RMB713.2 million in 2022[167]. - The Group has implemented a performance-based remuneration system to enhance employee engagement and motivation[169]. - The Group's organizational structure is being optimized to empower base-level employees and improve overall efficiency[168]. Future Development and Expansion Plans - The Group plans to continue investing in property development projects and acquiring suitable land parcels, funded by internal resources and external borrowings[163]. - The Yangtze River Delta Region, which accounts for about one-fourth of China's GDP, remains a key focus for the Group's expansion efforts[173]. - The Group aims to maintain high-efficiency operations and outperform market-level sales growth and cash collection rates[173]. - The Group continues to focus on high-quality product development and service enhancement to create value for customers[175]. Project Development and Portfolio - The company has completed multiple projects in Hangzhou, including the Sky City Complex and Elegant Mansion, with a focus on residential and commercial use[186]. - The company is currently developing the Douhuiqiantang project in Hangzhou, which will serve both residential and commercial purposes[187]. - The company has a significant number of completed projects in Huzhou and Nanjing, focusing on residential and commercial developments[186]. - The company is actively pursuing new strategies for market expansion through the development of innovative projects and partnerships in key cities[188].

Revenue Performance - For the year ended December 31, 2023, the Group recorded total revenue of approximately RMB 24.51 billion, representing a year-on-year increase of approximately 10.7%[7] - Revenue from property sales was RMB 23.98 billion, reflecting a year-on-year increase of 12.9%[22] - Revenue from property sales increased by approximately 12.9% to about RMB 23,976.2 million, accounting for approximately 97.8% of the Group's total revenue[75] - Contracted sales amounted to approximately RMB 22,160 million, down 38.6% year-on-year, with a contracted GFA of approximately 1,195,000 sq.m., representing a decrease of approximately 39.4%[28] - The average selling price (ASP) of contracted sales was approximately RMB 18,544 per sq.m., reflecting a year-on-year increase of approximately 1.4%[56] Delivery and Project Management - The Group delivered 49 batches of properties, with a total delivery area of 6.2 million square meters and nearly 40,000 units, achieving 100% on-time delivery[6] - The Group delivered approximately 40,000 units in 49 batches, with a total delivered area of 6.20 million sq.m., achieving 100% delivery as contracted[48] - The gross floor area of housing completed amounted to 998.31 million sq.m., representing an increase of 17.0%[53] Market Conditions - The Chinese government introduced a series of relaxation policies for the real estate market, including easing interest rates and optimizing land supply[9] - The real estate industry faced challenges such as financing obstacles, declining market transactions, and stringent regulation of pre-sale funds[19] - The overall market fundamentals remained weak despite a brief recovery at the beginning of the year[20] - The year 2023 was characterized by a complex and changeable situation in China's real estate market due to negative population growth and late-stage urbanization[19] Financial Performance - The Group recorded a net loss of approximately RMB 1,960.3 million for the year ended December 31, 2023, with a loss attributable to owners of the company decreasing by about 685.7% to approximately RMB 2,188.9 million[74] - Administrative expenses increased by approximately 21.2% year-on-year to approximately RMB 1,054.8 million, primarily due to the impact of impairment provisions[78] - Finance costs increased by approximately 260.2% year-on-year to approximately RMB 352.5 million, mainly due to increased finance costs related to non-controlling interests[78] - The share of results of joint ventures and associates decreased by approximately 132.6% year-on-year, from profits of approximately RMB 626.1 million to a loss of approximately RMB 204.1 million[78] - Income tax expenses decreased by approximately 35.1% year-on-year to approximately RMB 649.2 million, primarily due to a decrease in pre-tax profits and overall gross margin[78] Land Reserves and Development Strategy - As of December 31, 2023, the Group had 134 projects with land reserves amounting to approximately 10,110,017 sq.m., with 113 projects located in the Yangtze River Delta Region[71] - The company has a total land reserve of approximately 10,110,017 square meters across 134 projects as of December 31, 2023, with 113 projects located in the Yangtze River Delta region[90] - The company strategically selects and acquires land in key areas with strategic advantages for further business development in those markets[90] - The Group aims to leverage its local brand advantages in the Yangtze River Delta Region, which accounts for about one-fourth of China's GDP, to drive future growth[135] Cost and Profitability - For the year ended December 31, 2023, the Group's cost of sales was approximately RMB 22,710.6 million, representing a year-on-year increase of approximately 13.7%[95] - The Group's gross profit for the year ended December 31, 2023, was approximately RMB 1,799.3 million, reflecting a year-on-year decrease of approximately 17.4%[95] - The overall gross profit margin decreased from approximately 9.8% for the year ended December 31, 2022, to approximately 7.3% for the year ended December 31, 2023, a decline of approximately 2.5 percentage points[95] Employee and Operational Efficiency - The Group's employee compensation expenses for the year ended December 31, 2023, were approximately RMB 423.2 million, compared to RMB 713.2 million for the previous year[132] - The Group had a total of 1,273 employees as of December 31, 2023, a decrease from 1,561 employees as of December 31, 2022[160] - The Group has implemented a performance-based remuneration system for employees, including competitive packages and social security insurance[161] - The Group continues to focus on employee training to enhance expertise in real estate and related fields[161] Investment and Financing Activities - The Group plans to continue investing in property development projects and acquiring suitable land parcels, funded by internal resources and external borrowings[194] - The Group's strategy includes optimizing capital structure and improving financing costs to achieve balanced growth in scale, profit, and brand[136] - The Group's focus on high-quality product development and service aims to create long-term value for customers and investors[135] Project Developments - Hangzhou's Sky City Phase I project is completed, focusing on residential and commercial use[167] - The Group's project portfolio includes a mix of residential and commercial properties, reflecting a diversified approach to market demands[173] - The Group is actively developing new projects, with several under construction, indicating a robust pipeline for future growth[173]

Economic Overview - In the first half of 2023, China's GDP growth was 5.5% due to a series of economic measures taken by the central government[14]. - The performance of the manufacturing sector is dragging down economic recovery in the US and Eurozone, while the service sector shows better recovery[13]. - Global supply chain issues are gradually normalizing, and energy supply problems in Europe are easing, contributing to a slower downward trend in the global economy[13]. - The liquidity and financing environment is expected to continue tightening, impacting investment, financing, and consumption[13]. - The overall economic recovery characteristics are clearly differentiated, with the service sector in a recovery cycle while manufacturing struggles[13]. Real Estate Market Performance - Total sales of commercial properties in China reached RMB 6.31 trillion, representing a year-on-year increase of 1.1%, while the sales area decreased by 5.3% to 0.595 billion square meters[14]. - Investment in real estate development amounted to RMB 5.86 trillion, a year-on-year decrease of 7.9%, with new construction area down 24.3% to 0.499 billion square meters[14]. - The area of completed construction increased by 19.0% to 0.339 billion square meters, indicating some recovery in construction activity[14]. - The real estate market continues to face challenges, including weak investment, high inventory, and sluggish sales, despite government policy support[14]. - The central government has implemented various policies to support the real estate industry, including "city-based policies" and financial measures, although their effectiveness has been limited in certain areas[14]. Financial Performance - For the six months ended June 30, 2023, the Group recorded a net loss of approximately RMB 366.1 million, a period-on-period decrease of 140.5%[17]. - The loss attributable to owners of the Company was approximately RMB 518.3 million, representing a period-on-period decrease of 170.0%[17]. - Total revenue for the same period was approximately RMB 11,969.1 million, reflecting a period-on-period increase of approximately 16.8%[21]. - Contracted sales amounted to approximately RMB 13,520.0 million, a period-on-period decrease of 30.2%, with total contracted GFA sold of approximately 791,000 sq.m., down 23.7%[22]. - Revenue from property sales increased by approximately 17.8% to approximately RMB 11,666.2 million, accounting for about 97.5% of total revenue[23]. Revenue Breakdown - Revenue from property construction and project management services decreased by approximately 51.2% to approximately RMB 123.6 million, accounting for about 1.0% of total revenue[35]. - Revenue from hotel operations increased by approximately 44.9% to approximately RMB 24.6 million, accounting for about 0.2% of total revenue[38]. - Management and consulting service revenue increased by approximately 501.8% to about RMB 100.6 million for the six months ended June 30, 2023, accounting for about 0.8% of total revenue[40]. - Rental income from commercial properties decreased by approximately 3.1% to about RMB 54.1 million for the six months ended June 30, 2023, representing about 0.5% of total revenue[41]. Debt and Financing - The Group's net gearing ratio was 80.3%, with a liabilities to assets ratio of 71.3% after excluding advance receipts[17]. - The Group's net financing costs increased by approximately 15.8% year-on-year from approximately RMB127.0 million for the six months ended 30 June 2022 to approximately RMB147.0 million for the six months ended 30 June 2023, primarily due to a decrease in interest income[88]. - Income tax expenses increased by approximately 82.5% from approximately RMB224.0 million for the six months ended 30 June 2022 to approximately RMB408.9 million for the six months ended 30 June 2023, mainly due to increased land appreciation taxes[92]. - The Group's profit and total comprehensive income decreased by approximately 140.5%, resulting in a total comprehensive loss of approximately RMB366.1 million for the six months ended 30 June 2023, compared to a profit of approximately RMB903.8 million for the same period in 2022[93]. Employee and Operational Metrics - As of June 30, 2023, the Group had a total of 1,240 employees, a decrease from 1,561 employees as of December 31, 2022[157]. - Total employee salary and welfare expenditure for the six months ended June 30, 2023, was approximately RMB 198.7 million, down from approximately RMB 356.7 million for the same period in 2022, representing a decrease of about 44.3%[157]. - The Group has adopted a project co-investment scheme and share option scheme to enhance employee motivation and engagement[157]. - The Group emphasizes systematic training for employees to enhance their expertise in real estate and related fields[157]. Strategic Focus and Future Plans - The Group's strategy focuses on the Yangtze River Delta region, emphasizing customer needs and maintaining a high-quality brand image[162]. - Future prospects indicate a commitment to stabilizing land prices and housing prices while promoting the healthy development of the real estate market through city-specific measures[158]. - The Group plans to expand the supply of subsidized housing and support the demand of first- and second-time home buyers in the second half of 2023[158]. - The Group continues to strategically select and acquire land parcels in advantageous locations to further develop its business in targeted markets[54]. Project Development and Portfolio - The Group's total land reserves amounted to 11,741,616 sq.m. as of June 30, 2023, with 1,851,326 sq.m. completed, 644,494 sq.m. under development, and 9,185,694 sq.m. held for future development[172]. - The company is currently developing the Dexin Konggang City project in Hangzhou, which is expected to enhance its commercial property offerings[175]. - The company is actively pursuing new development opportunities in key cities, including Nanjing and Shanghai, to strengthen its market position[175]. - The company has a strategic focus on expanding its commercial property portfolio, with several projects planned for future development[175]. Completed and Ongoing Projects - The completed projects include a mix of residential and commercial properties, with significant locations in Hangzhou, enhancing the company's market presence[179]. - The company has successfully completed commercial projects like Dexin Konggang City and Heping Dexin Center, showcasing its capability in the commercial real estate sector[179]. - The company is currently developing several residential projects, such as Center Mansion and Central One Mansion, indicating ongoing expansion efforts[181]. - The company has a total of 8 completed commercial projects, contributing to its diversified revenue streams[188]. Market Expansion and Future Growth - The company is focusing on expanding its market presence in Hangzhou, with multiple projects scheduled for completion in the coming years[200]. - The company reported a robust project pipeline with a mix of completed and under-development projects, ensuring sustained growth[192]. - The company is actively developing mixed-use projects, such as the Dexin Park Vision in Kunshan, which combines residential and commercial spaces[188]. - Future projects are expected to contribute an estimated $300 million in revenue upon completion, enhancing overall financial performance[198].