Core Viewpoint - The announcement from Rongxin China (03301) indicates a significant decline in contract sales and average contract prices, reflecting challenges in the real estate market [1] Group 1: Sales Performance - For the month ending October 2025, the total contract sales amounted to approximately RMB 216 million, representing a year-on-year decrease of 67.22% [1] - For the ten months ending October 31, 2025, the total contract sales reached approximately RMB 3.218 billion, showing a year-on-year decline of 47.62% [1] Group 2: Contract Area and Pricing - The total contracted building area for the month was approximately 15,723 square meters [1] - The average contract price was approximately RMB 13,762 per square meter for the month [1] - For the ten-month period, the total contracted building area was approximately 278,300 square meters, with an average contract price of approximately RMB 11,565 per square meter [1]

Group 1 - The core point of the article is that融信中国 (China Runchin) reported a significant decline in total contract sales for the month and the first ten months ending October 2025, indicating challenges in the real estate market [1] Group 2 - For the month ending October 2025, the total contract sales amounted to approximately RMB 216 million, representing a year-on-year decrease of 67.22% [1] - The total contracted building area for the same month was approximately 15,723 square meters, with an average contract price of RMB 13,762 per square meter [1] - For the ten months ending October 31, 2025, the total contract sales were approximately RMB 3.218 billion, reflecting a year-on-year decrease of 47.62% [1] - The total contracted building area for the ten months was approximately 278,300 square meters, with an average contract price of RMB 11,565 per square meter [1]

Core Viewpoint - The company, Rongxin China, reported its contract sales and related metrics for the month ending October 2025 and the ten months leading up to that date, indicating a significant volume of sales and average contract prices in the real estate sector [1] Group 1: Monthly Performance - The total contract sales for the month ending October 2025 amounted to approximately RMB 216 million [1] - The total contracted building area for the same month was about 15,723 square meters [1] - The average contract price per square meter was approximately RMB 13,762 [1] Group 2: Year-to-Date Performance - For the ten months ending October 31, 2025, the total contract sales reached approximately RMB 3,218.21 million [1] - The total contracted building area for this period was around 278,282 square meters [1] - The average contract price per square meter during this period was approximately RMB 11,565 [1]

二零二五年十月之未經審核營運數據 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。 Ronshine China Holdings Limited 融信中國控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：3301） 融信中國控股有限公司（「本公司」，連 同 其 附 屬 公 司 及 其 聯 合 營 公 司 統 稱 為「本 集 團」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 截 至 二 零 二 五 年 十 月 止 一 個 月，(i)本 集團總合約銷售額約為人民幣216,375,291元；(ii)本集團合約建築面積約為15,723 平 方 米；及(iii)本集團平均合約售價約為每平方米人民幣13,762元。 截 至 二 零 二 五 年 十 月 三 十 一 日 止 十 個 月，(i)本集團總合約銷售額約為人民幣 3,218,208,379元；(ii)本 ...

Group 1 - Hong Kong real estate stocks experienced a general rise, with Longfor Group up 3.33%, China Resources Land up 3%, and Agile Group up 3.4% [1] - Other notable increases include R&F Properties, Jin Hui Holdings, Ronshine China, and Jianfa International Group, each rising approximately 2%, while Midea Real Estate, Longguang Group, New City Development, and China Overseas Macro Holdings rose over 1% [1] Group 2 - The China Index Academy recently released the October financing report, indicating that the total bond financing in the real estate sector for October 2025 reached 51.24 billion yuan, a year-on-year increase of 76.9% [1] - The issuance of credit bonds in October also saw a year-on-year increase, primarily from state-owned enterprises, with real estate credit bond financing amounting to 32.7 billion yuan, up 50.7% year-on-year, accounting for 63.8% of the total [1] Group 3 - CITIC Securities suggests that 2026 may be a critical year for real estate companies to enter a balance sheet repair phase, with some firms potentially reaching the bottom of a long-term profit cycle [1] - Companies that manage to recover first are likely those with well-positioned assets in good cities, operational investment properties, or financial assets with appreciation potential [1]

FF301 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 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 融信中國控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年11月5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) | 03301 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 38,000,000,000 | HKD | 0.00001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 38,000,000,000 | HKD | 0.00001 | HKD | | 380,000 | 本月底法定/註冊股本總額： HK ...

Core Viewpoint - The debt restructuring plan of Ronshine China (03301.HK) has not been launched as scheduled, with the issuer seeking more time to finalize the plan [1] Group 1: Debt Restructuring Plan - Ronshine China previously indicated that a restructuring plan would be released in October, but it remains uncertain [1] - The restructuring plan is intended to cover both public and private bonds, referencing restructuring plans from other companies like Sunac [1] - In January, Ronshine initiated a vote for an extension, which was approved, postponing payments due in March to October 28 [1] Group 2: Payment and Bond Status - As of October 28, the issuer announced that the necessary funds for debt repayment were not in place [1] - Six existing corporate bonds, totaling 7.0148 billion yuan, were suspended from trading starting October 29, with the resumption date to be determined [1] - The issuer is required to pay interest accrued from April 28, 2023, to October 28, 2025, as per the extension plan, with grace periods ranging from 30 to 90 days for the bonds [1]

Group 1 - Hong Kong property stocks experienced a collective decline on October 30, with notable drops in several companies [1] - Ronshine China (03301.HK) fell by 5.42%, trading at HKD 0.157 [1] - China Overseas Macro Group (00081.HK) decreased by 5.22%, with a price of HKD 2.18 [1] - R&F Properties (02777.HK) saw a decline of 5%, priced at HKD 0.57 [1] - Greentown China (03900.HK) dropped by 4.82%, trading at HKD 8.3 [1]

Core Viewpoint - The Chinese real estate sector is experiencing a significant downturn, with major property stocks declining sharply amid worsening sales figures and uncertainty regarding debt restructuring plans [1] Group 1: Stock Performance - Major property stocks in China have collectively dropped, with notable declines including: - R&F Properties (融信中国) down 5.42% to HKD 0.157 - China Overseas Grand Oceans Group (中国海外宏洋集团) down 5.22% to HKD 2.18 - Greentown China (绿城中国) down 4.82% to HKD 8.3 [1][1][1] Group 2: Sales Data - From January to September, the total sales area of new commercial housing in China was approximately 6.58 billion square meters, representing a year-on-year decline of 5.5%, with the drop accelerating by 0.8 percentage points compared to January to August [1][1] - The sales revenue for new commercial housing in the first three quarters was about 6.3 trillion yuan, down 7.9% year-on-year, with the decline also widening by 0.6 percentage points compared to the previous period [1][1] Group 3: Debt Restructuring and Market Outlook - R&F Properties' planned domestic debt restructuring scheme, initially set for October, remains uncertain, with intentions to further extend related bonds [1][1] - According to Fitch Ratings, the Chinese real estate industry has not yet hit bottom, and the recovery trend remains uncertain, with new home sales and prices declining since April, and further drops expected through 2026 [1][1][1]

Core Viewpoint - The Chinese real estate sector is experiencing a significant downturn, with major property stocks declining sharply amid worsening sales figures and uncertainty regarding recovery [1] Group 1: Stock Performance - Major property stocks in China have collectively dropped, with R&F Properties down 5% to HKD 0.57, China Overseas Land & Investment down 5.22% to HKD 2.18, and Sunac China down 5.42% to HKD 0.157 [1] - The decline in stock prices reflects broader concerns about the health of the real estate market [1] Group 2: Sales Data - From January to September, the total sales area of new commercial housing in China was approximately 6.58 billion square meters, representing a year-on-year decrease of 5.5%, with the decline accelerating by 0.8 percentage points compared to the first eight months [1] - The sales revenue for new commercial housing in the first three quarters was about CNY 6.3 trillion, down 7.9% year-on-year, with the decline also widening by 0.6 percentage points compared to the previous period [1] Group 3: Debt Restructuring and Market Outlook - Sunac China's planned domestic debt restructuring scheme, initially set for October, remains uncertain, with intentions to extend related bonds [1] - Fitch Ratings indicated that the Chinese real estate industry has not yet hit bottom, with recovery trends remaining uncertain; despite a brief market stabilization in Q1, new home sales and prices have been declining since April, with further drops noted in June [1] - The outlook for 2026 suggests that sales in the real estate market may continue to decline [1]