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債務逾期的公告 李思廉 香港，二零二六年一月八日 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 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 广州富力地产股份有限公司(以下简称"本公 ...

Core Viewpoint - R&F Properties is facing significant financial challenges, leading to the auction of its assets, including properties and hotels, due to ongoing losses and debt issues [1][3][4] Group 1: Asset Auction Details - The Guangzhou Intermediate People's Court will auction a property owned by R&F Properties located at 57-59 He Pan Dong Jie, Baiyun District, Guangzhou, starting from January 27, 2026, with a starting price of ¥8,039,096 [1][2] - The auction is part of a broader trend where R&F Properties' asset disposals have shifted from voluntary sales to judicial auctions, indicating a worsening financial situation [3] Group 2: Financial Performance - R&F Properties reported a nearly 60% year-on-year decline in revenue for the first half of 2025, amounting to ¥5.765 billion, with a loss attributable to shareholders of ¥4.046 billion [4] - The company has faced continuous financial pressure, with cash and cash equivalents (including restricted funds) at only ¥3.508 billion, while current liabilities reached ¥248.1 billion, including short-term debts due within a year of ¥97.59 billion [4] Group 3: Asset Disposals - In 2022, R&F Properties began selling hotel assets, including properties in Guangzhou, Beijing, Fuzhou, and Zhenjiang, and continued this trend in 2023 with additional hotel sales in Wuhan, Xi'an, and Changsha [3] - Significant losses were recorded on hotel sales, with properties like the Changsha Wanda Hotel sold for ¥513 million, and others sold at substantial discounts to their appraised values [4]

Group 1 - The core viewpoint of the article highlights the upward movement of domestic property stocks, with notable increases in companies such as Vanke Enterprises, New Town Development, R&F Properties, and China Overseas Grand Oceans Group [1] - Vanke has reached an agreement with domestic lending institutions, including Bank of China, to adjust quarterly interest payments to annual payments, with the possibility of deferring similar interest payments until September 2026 [1] - A commentary published in "Qiushi" magazine emphasizes the need to improve and stabilize expectations in the real estate market, indicating a supportive stance from authorities [1] Group 2 - According to Caitong Securities, the decline in commodity housing sales is expected to continue narrowing by 2026, with anticipated sales growth post-market recovery being a key driver for future property company valuations [1] - The structure of land reserves is crucial for sales performance, and property companies with substantial provisions for impairment and those positioned in high-value real estate markets are likely to recover valuations first [1]

Group 1 - The core viewpoint of the article highlights the upward movement of several Chinese property stocks, with Vanke Enterprises (02202) rising by 4.18% to HKD 3.49, Xincheng Development (01030) increasing by 2.29% to HKD 2.23, R&F Properties (02777) up by 1.96% to HKD 0.52, and China Overseas Grand Oceans Group (00081) gaining 1.95% to HKD 2.09 [1] - Vanke has reached an agreement with domestic lending institutions, including Bank of China, to adjust quarterly interest payments to annual payments, with the option to defer similar interest payments until September 2026 [1] - A commentary published in the magazine "Qiushi" emphasizes the need to effectively improve and stabilize expectations in the real estate market [1] Group 2 - Caitong Securities forecasts that the decline in commodity housing sales is expected to continue narrowing by 2026, with anticipated sales growth post-market recovery being a key driver for future property company valuations [1] - The structure of land reserves is crucial in determining sales performance, and property companies with substantial impairment provisions and positioned in high-value real estate markets are likely to be the first to recover their valuations [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）： 董事長 李思廉 香港，二零二六年一月七日 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 债券代码:136361 债券代码:135468 债券代码:155061 债券代码:155106 债券代码:155405 - 廣州富力地產股份有限公司關於被執行事項相關進展的公告 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 ...

Core Viewpoint - The article highlights a positive shift in investor sentiment towards Chinese real estate stocks, driven by a commentary in the "Qiushi" magazine suggesting a potential change in government policy regarding the real estate market [1] Group 1: Market Performance - Chinese real estate stocks have shown an upward trend, with notable increases in share prices: Longfor Group (4.37%), R&F Properties (3.77%), Agile Group (3.57%), China Overseas Land & Investment (3.04%), China Resources Land (3.82%), China Jinmao (2.75%), and Sunac China (2.27%) [1] Group 2: Policy Insights - JPMorgan notes that the commentary in "Qiushi" magazine has raised investor hopes for a shift in policy, advocating for substantial measures rather than incremental ones, especially after a lack of significant policies last year [1] - The article suggests that the current discourse from officials regarding the real estate market may finally be changing, given the ongoing decline in housing prices and sales since the second half of last year [1] Group 3: Future Outlook - JPMorgan predicts that without substantial policy changes, the downward trend in the real estate sector will continue, forecasting a 7% decline in sales and a 5% drop in housing prices for the year [1] - However, the current market conditions, particularly the impact of weak housing prices on consumer spending, increase the likelihood of more robust policy support this year, indicating potential upside risks to JPMorgan's forecasts [1]

Group 1 - The core viewpoint of the article highlights a collective rise in Hong Kong property stocks, driven by recent policy adjustments that are expected to enhance market activity [1] - Key property stocks such as Agile Group, Shimao Group, and Ronshine China saw increases of 9%, while Greentown China rose nearly 8% and China Jinmao increased by 6.5% [2] - The latest report from CICC indicates that the Ministry of Finance announced a new policy on the value-added tax for personal housing sales, and Beijing adjusted its purchase and loan restrictions, which are seen as positive developments for the market [1] Group 2 - Despite the recent policy improvements, the fundamental trends in the real estate market remain weak, necessitating ongoing observation of the interaction between policy and market fundamentals [1] - CICC suggests a cautious approach towards the real estate development sector in the short to medium term, while prioritizing investment in core assets within the commercial real estate sector that offer absolute returns [1] - If policy measures exceed expectations, there may be a more positive outlook for the real estate development sector, particularly for companies with high profit certainty and strong operational trends [1]

Group 1 - The core viewpoint of the article emphasizes the importance of the real estate sector in national economic development and the need for proactive measures to stabilize market expectations [1] - Real estate stocks have shown significant gains, with Beike-W (02423) rising by 5.67% to HKD 44.34, Greentown China (03900) increasing by 4.89% to HKD 8.79, Shimao Group (00813) up by 4.71% to HKD 0.2, and R&F Properties (02777) climbing by 3.85% to HKD 0.54 [1] - The article from "Qiushi" magazine calls for maintaining policy strength that aligns with market expectations and avoiding piecemeal approaches that could lead to a standoff between the market and policies [1] Group 2 - Everbright Securities indicates that the article stabilizes expectations and anticipates stronger policy measures by 2026 [1] - GF Securities notes that the recent economic work conference's weak stance on stabilizing real estate is significant for enhancing expectations regarding asset price stability, suggesting that policy strength and sustainability will continue to increase [1]

Core Viewpoint - The article highlights the positive performance of Chinese real estate stocks following a publication in "Qiushi" magazine, which emphasizes the importance of stabilizing the real estate market and maintaining strong policy support to manage market expectations [1] Group 1: Stock Performance - Beike-W (02423) increased by 5.67%, reaching HKD 44.34 [1] - Greentown China (03900) rose by 4.89%, reaching HKD 8.79 [1] - Shimao Group (00813) saw a rise of 4.71%, reaching HKD 0.2 [1] - R&F Properties (02777) increased by 3.85%, reaching HKD 0.54 [1] Group 2: Policy Insights - The article discusses a publication in "Qiushi" magazine that stresses the critical role of real estate in national economic development and the need for proactive measures to shorten adjustment periods and stabilize market fluctuations [1] - It is emphasized that policy measures should be robust and meet market expectations, avoiding piecemeal approaches that could lead to a standoff between the market and policy [1] Group 3: Analyst Commentary - Everbright Securities notes that the article aims to stabilize expectations, with hopes for increased policy support by 2026 [1] - GF Securities released a report indicating that the recent economic work conference's weak stance on stabilizing real estate is significant for strengthening expectations around asset price stability, suggesting that policy strength and sustainability will continue to improve [1]

截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 廣州富力地產股份有限公司 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02777 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,752,367,344 | RMB | | | 1 RMB | | 3,752,367,344 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 3,752,367,344 | RMB | | | 1 RMB | | 3,752,367,344 | 本月底法定/註 ...