Core Viewpoint - R&F Properties is facing significant challenges as its Guangzhou R&F Airport Holiday Hotel failed to sell in a second auction despite a substantial price reduction, indicating potential liquidity issues and ongoing financial distress [1][4][6]. Auction Results - The Guangzhou R&F Airport Holiday Hotel was auctioned twice, with the first auction on April 22 starting at 277 million yuan and failing to attract bidders. The second auction on May 12-13 had a starting price reduced to 222 million yuan, approximately 56% of the assessed value of 396 million yuan, yet still received no bids [1][4][5]. Financial Context - R&F Properties reported a total contract sales amount of 11.23 billion yuan in the previous year, with a significant drop in revenue to 17.70 billion yuan, a 51.15% decrease from 36.24 billion yuan in 2023. The company recorded a loss attributable to shareholders of 17.71 billion yuan, a slight improvement from a loss of 20.16 billion yuan in the previous year [8][9]. Debt and Legal Issues - The company has been designated as a dishonest executor multiple times, with 28 subsidiaries accumulating overdue interest-bearing debt principal totaling approximately 13.61 billion yuan within a single year. R&F Properties is actively communicating with creditors to address these overdue debts and is focusing on asset disposal and sales to improve its financial situation [9][6]. Future Steps - Following the second auction's failure, the hotel will proceed to a selling process. R&F Properties aims to protect the rights of bondholders and is committed to reaching a resolution with the bank involved in the financial disputes [6][4].

Core Viewpoint - R&F Properties' Guangzhou R&F Airport Holiday Hotel failed to sell in its second auction despite a significant price reduction, indicating ongoing financial difficulties for the company [1][3][5]. Auction Results - The hotel was initially auctioned on April 22 with a starting price of 277 million yuan, which failed to attract bidders [3][4]. - In the second auction held from May 12 to 13, the starting price was reduced by approximately 55 million yuan to 222 million yuan, representing 56% of the assessed value of 396 million yuan, yet it still received no bids [1][3][4]. Financial Context - R&F Properties reported a total contract sales amount of 11.23 billion yuan in the previous year, with a sales area of approximately 838,100 square meters [7]. - The company's revenue for the reporting period was 17.70 billion yuan, a decline of 51.15% compared to 36.24 billion yuan in 2023 [7]. - The company recorded a loss attributable to shareholders of 17.71 billion yuan, which is an improvement from the 20.16 billion yuan loss in 2023 [7]. Debt and Legal Issues - R&F Properties has been designated as a dishonest executor, with 28 subsidiaries accumulating overdue interest-bearing debt principal of 5 million yuan or more within a single year, totaling approximately 13.61 billion yuan [7]. - The company is actively communicating with creditors to address concerns and is working on solutions to resolve overdue debts [7].

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。 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 （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債券增信措施的重大事項進展公告 廣州富力地產股份有限公司 董事長 李思廉 香港，二零二五年五月十四日 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:1363 ...

Group 1 - The real estate sector in both Hong Kong and A-shares experienced a significant rally on May 7, with notable stock price increases for companies such as Jin Hui Holdings (up 21.9%) and Zhongliang Holdings (up 7.06%) [1] - The People's Bank of China announced a 0.5 percentage point reserve requirement ratio cut, expected to inject approximately 1 trillion yuan into the market, along with a 0.1 percentage point reduction in policy interest rates [2] - The reduction in personal housing provident fund loan rates by 0.25 percentage points is projected to save residents over 20 billion yuan annually in interest, supporting rigid housing demand and stabilizing the real estate market [2] Group 2 - Following the "May Day" holiday, there was a surge in property subscriptions in various cities, with Shenzhen seeing a 23.89% year-on-year increase in new housing subscriptions during the holiday [3] - The introduction of high-quality projects in major cities like Beijing, Shanghai, and Hangzhou is expected to stimulate demand for improved housing and facilitate market recovery in May [3] - Major financial institutions are increasingly optimistic about the Chinese real estate market, with reports indicating a favorable policy environment and potential recovery in core cities [3]

Core Viewpoint - The Hong Kong property stocks are experiencing a strong upward trend, with significant gains observed in various companies within the sector [1] Company Performance - Jin Hui Holdings (09993.HK) has surged over 30% [1] - Ronshine China (03301.HK) has increased nearly 7% [1] - Zhongliang Holdings (02772.HK) has risen nearly 6% [1] - Shimao Group (00813.HK), Greentown China (03900.HK), and Sunac China (01918.HK) have all gained over 4% [1] - Fuli Properties (02777.HK) and Country Garden (02007.HK) have both seen increases of over 3% [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） 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。 以下廣州富力地產股份有限公司（「本公司」）相關文件已經上載於上海證券交易所的網站 （http://www.sse.com.cn），僅供參考： 1. 廣州富力地產股份有限公司公司債券 2024 年年度報告 2. 廣州富力地產股份有限公司 2024 年度審計報告 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」 中文版網站（http://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，二零二五年五月二日 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 ...

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公司債券存續期重大事項及相關進展的公告 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，二零二五年四月二十九日 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 ...

（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 ...