（於中華人民共和國註冊成立的股份有限公司） (a joint stock limited company incorporated in the People's Republic of China with limited liability) （Stock Code 股份代號：2777） 30 April 2025 Dear Investor (Note 1) Guangzhou R&F Properties Co., Ltd.* (the "Company") Notice of publication of 2024 Annual Report and Circular of AGM (the "Current Corporate Communication") and Arrangement of Electronic Dissemination of Corporate Communications (the "Corporate Communications") The English and Chinese versions of the Company's Current Corporate ...

30 April 2025 Dear Registered Holder, （於中華人民共和國註冊成立之股份有限公司） (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code 股份代號: 2777) Guangzhou R&F Properties Co., Ltd.* (the "Company") Notice of publication of 2024 Annual Report, Circular and Proxy Form of AGM (the "Current Corporate Communication") and Arrangement of Electronic Dissemination of Corporate Communications (the "Corporate Communications") The English and Chinese versions of the Company's Cur ...

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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 股東週年大會通告 茲通告廣州富力地產股份有限公司（「本公司」）二零二四年度股東週年大會（「股東 週年大會」），謹訂於二零二五年五月三十日（星期五）上午十一時正，在中國廣州珠 江新城華夏路10號富力中心54樓會議室舉行，以考慮、批准及授權以下事項： I 普通決議案 1 1. 審議及批准本公司截至二零二四年十二月三十一日止年度董事會（「董事會」） 報告。 2. 審議及批准本公司截至二零二四年十二月三十一日止年度監事會報告。 3. 審議及批准本公司截至二零二四年十二月三十一日止年度經審核的財務報表 及核數師報告。 4. 審議及重新聘請香港立信德豪會計師事務所有限公司為本公司核數師，並授權 董事會釐定其酬金。 5. 授權董事會決定派發截至二零二五年六月三十日止半年度的中期股息及有關 事項。 6. 審議及重新委任下列退任董事，並授權董事會釐定其酬 ...

本報告重點披露本集團於二零二四年一月一日至二零二四年十二月三十一日期間（「報告期內」、「年內」或「本 年度」）於環境、社會及管治方面的表現。除非另有說明，報告中的社會表現數據覆蓋全集團；環境表現數據 覆蓋全國所有商業管理公司在管項目及在營運的酒店、本集團於全國的所有辦公營運點及所有附屬建築公司 承建的在建項目。二零二四年環境數據表現共覆蓋16個商業項目、84個酒店項目、60個在建項目及所有辦 公營運點。 環境、社會及 管治報告 2024 目錄 | 關於本報告 | 2 | 責任企業 | 23 | | --- | --- | --- | --- | | 報告簡介 | 2 | 廉潔經營 | 23 | | 報告範圍 | 2 | 卓越服務 | 26 | | 報告準則 | 2 | 責任營銷 | 27 | | 報告原則 | 2 | 供應鏈責任 | 28 | | 意見反饋 | 2 | 數字化建設與資訊安全 | 29 | | | | 質量保證 | 30 | | 董事長寄語 | 3 | | | | | | 以人為本 | 31 | | 關於富力地產 | 4 | 多元與共融 | 31 | | 我們的願景與使命 | 4 | 培訓與發展 ...

Financial Performance - The company's revenue for 2024 was RMB 17,701,425, a decrease of 51% compared to RMB 36,238,835 in 2023[6]. - The gross loss for 2024 was RMB (823,900), representing a 143% decline from a gross profit of RMB 1,919,239 in 2023[6]. - The net loss attributable to shareholders was RMB (17,709,538), a 12% improvement from RMB (20,164,485) in the previous year[6]. - The total sales revenue for the property development segment decreased by 59% to RMB 11.52 billion, based on a delivery area of 1,693,000 square meters, down 44% from the previous year[30]. - The group recorded a gross loss of RMB 824 million, compared to a gross profit of RMB 1.92 billion in the previous year, with a property development gross margin of 4.4%[32]. - The annual loss attributable to owners of the company was RMB 17,709,538 thousand in 2024, compared to RMB 20,164,485 thousand in 2023, indicating a reduction in losses[195]. - Operating loss increased to RMB 9,262,048 thousand in 2024 from RMB 7,848,663 thousand in 2023, reflecting a deterioration in operational performance[194]. - The total agreed sales for 2024 amounted to approximately RMB 11.23 billion, with a sales area of about 838,100 square meters, derived from 187 projects across 105 cities[18]. Assets and Liabilities - Total assets decreased by 13% to RMB 290,592,833 from RMB 334,868,229 in 2023[6]. - The total liabilities decreased to RMB 262,136,118 thousand in 2024 from RMB 288,476,067 thousand in 2023, showing a reduction in financial obligations[194]. - The company's total equity decreased to RMB 28,456,715 thousand by December 31, 2024, down from RMB 46,392,162 thousand in 2023[198]. - Current liabilities exceeded current assets by approximately RMB 31.68 billion as of December 31, 2024[101]. - Total bank borrowings and other debts amounted to RMB 113.55 billion, with RMB 103.57 billion due within the next twelve months[101]. - The company has defaulted on bank borrowings and other debts totaling RMB 88.48 billion[101]. - The company has been unable to pay interest on three senior notes totaling RMB 31.90 billion since August 2024[102]. Cash Flow and Financing - The company's cash reserves fell by 33% to RMB 3,863,809 from RMB 5,742,606 in 2023[6]. - As of December 31, 2024, the total cash, including restricted funds, was RMB 3.864 billion, down from RMB 5.743 billion as of December 31, 2023, with 77% in RMB and 23% in other currencies[38]. - The company reported a cash flow statement indicating ongoing liquidity challenges, with specific figures not detailed in the provided content[199]. - Operating cash flow generated was $319,244,000 for 2024, compared to $1,798,602,000 in 2023, indicating a significant decrease[200]. - Net cash used in operating activities was $(1,530,816,000) for 2024, slightly improved from $(1,562,765,000) in 2023[200]. - Cash inflow from financing activities was $(320,331,000) in 2024, a decrease from cash inflow of $330,521,000 in 2023[200]. Corporate Governance - The company maintained a commitment to good corporate governance practices, adhering to relevant laws and regulations throughout the fiscal year ending December 31, 2024[46]. - The board consists of nine directors, including four executive directors and three independent non-executive directors, ensuring a diverse range of expertise and perspectives[47]. - The board held four meetings during the year, with all directors actively participating, demonstrating commitment to governance and oversight[52]. - The company has three independent non-executive directors, meeting the requirement that at least one-third of the board members are independent[55]. - The independent non-executive directors have undergone annual reviews to ensure their independence according to listing rules[55]. - The company has a policy allowing directors to seek independent professional advice at the company's expense[55]. - The board is responsible for overseeing the financial performance and risk management strategies of the company[47]. Market Conditions and Strategic Initiatives - The company is focusing on maintaining sufficient cash flow and managing debt in anticipation of a challenging outlook for 2025 due to ongoing market conditions[13]. - Economic weakness has led to decreased buyer confidence in both self-use and investment properties, resulting in lower transaction volumes compared to historical levels[97]. - The group emphasizes the sale of completed properties to generate immediate cash flow, addressing buyer concerns regarding completion risks[96]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[7]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[5]. Auditor and Financial Reporting - The company’s external auditor, Hong Kong Li Xin De Hao CPA Limited, was unable to express an opinion on the consolidated financial statements for the year ending December 31, 2024[54]. - The independent auditor has issued a disclaimer of opinion on the consolidated financial statements for the year ending December 31, 2024[100]. - The financial statements for the year ending December 31, 2024, were audited by Lixin Dehao, who is willing to continue as the company's auditor[151]. Shareholder Communication - The company has adopted a shareholder communication policy to ensure timely access to comprehensive information for shareholders and investors[85]. - The board has conducted a review of the shareholder communication policy, affirming its effectiveness in providing a channel for shareholder feedback[85]. - The company will hold its 2024 Annual General Meeting on May 30, 2025, with a suspension of share registration from May 26 to May 30, 2025[110].

Group 1 - The Hong Kong property stocks have shown strong performance, with notable increases in share prices for several companies [1] - Ronshine China (03301.HK) has risen by 15.38%, indicating significant investor interest [1] - Other companies such as Oceanwide Holdings (03377.HK), Agile Group (03383.HK), and R&F Properties (02777.HK) have also experienced substantial gains of 12.21%, 8.33%, and 7.34% respectively [1]

Group 1 - Hong Kong real estate stocks collectively rose, with Jin Hui Holdings (09993.HK) increasing over 50% [1] - Gemdale Properties (00535.HK) saw a nearly 20% rise [1] - Ronshine China (03301.HK) and R&F Properties (02777.HK) both increased by over 10% [1] - Sunac China (01918.HK) experienced an increase of over 8% [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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 承董事會命 廣州富力地產股份有限公司 董事長 李思廉 香港，二零二五年四月二十二日 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.10B條 刊發。 以下有關廣州富力地產股份有限公司（「本公司」）的相關文件已經上載於上海證券交易所 的網站（http://www.sse.com.cn）： - 廣州富力地產股份有限公司關於債券增信措施的重大事項進展公告 為遵守上市規則第 13.10B 條，該等上載資料亦刊登於香港聯合交易所有限公司「披露易」 網站（https://www.hkexnews.hk）。 本公司全体董事或具有同等职责的人员保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承担相应 的法律责任。 於本公告日期，本公司的執行董事為李思廉博士、張輝先 ...

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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.10B條 刊發。 以下有關廣州富力地產股份有限公司（「本公司」）的相關文件已經上載於上海證券交易所 的網站（http://www.sse.com.cn）： - 廣州富力地產股份有限公司關於被列入失信被執行人名單的公告 為遵守上市規則第 13.10B 條，該等上載資料亦刊登於香港聯合交易所有限公司「披露易」 網站（https://www.hkexnews.hk）。 承董事會命 廣州富力地產股份有限公司 董事長 李思廉 香港，二零二五年四月二十二日 於本公告日期，本公司的執行董事為李思廉博士、張輝先生、相立軍先生及趙渢先生；非執行董事為張琳女士 及李海倫女士；及獨立非執行董事為鄭爾城先生、吳又華先生及王振邦先生。 * 僅供識別 债券代码:136360 ...

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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.10B條 刊發。 以下有關廣州富力地產股份有限公司（「本公司」）的相關文件已經上載於上海證券交易所 的網站（http://www.sse.com.cn）： - 廣州富力地產股份有限公司關於重大事項的公告 為遵守上市規則第 13.10B 條，該等上載資料亦刊登於香港聯合交易所有限公司「披露易」 網站（https://www.hkexnews.hk）。 承董事會命 廣州富力地產股份有限公司 董事長 李思廉 香港，二零二五年四月十五日 於本公告日期，本公司的執行董事為李思廉博士、張輝先生、相立軍先生及趙渢先生；非執行董事為張琳女士 及李海倫女士；及獨立非執行董事為鄭爾城先生、吳又華先生及王振邦先生。 * 僅供識別 | 债券代码:136360 | 债券简 ...