INTERIM REPORT China Evergrande Group 2022 INTERIM REPORT 2022 China Evergrande Group 2 中期報告 中國恒大集團 中國恆大集團 CHINA EVERGRANDE GROUP 股份代號 : 3333 (於開曼群島註冊成立的有限責任公司) 中國恒大集團 China Evergrande Group 中國恒大集團 中期報告 2022 Street the same of the Market of the subscription of the managements of the first for the and states the start for the Tic 1 1 官方 的生活在 ALL AND THE LEA ALLAND childer Are · · · · · · · · · · · ---- ANT SHARE and and House A FE Landus (16) 11 3 21 (11 11 and and the may ASSAULTERS 1 28 - 11 4 0 0 10 0 BAN ...

Financial Performance - In 2021, the group achieved a contract sales amount of RMB 372.9 billion, with a total sales area of 52.02 million square meters, and total sales receipts of RMB 387.6 billion[14]. - The group's revenue for the year was RMB 250.01 billion, with real estate development revenue contributing RMB 226.15 billion from 770 projects delivered[17]. - The gross loss for the year was RMB 18.45 billion, resulting in a negative gross margin of 7.4% due to significant promotional inventory turnover[17]. - Other losses for the year totaled RMB 129.83 billion, primarily from land recovery losses and joint venture investment losses[18]. - The group reported a net loss of approximately RMB 686.22 billion for the year ended December 31, 2021[114]. - Total revenue for 2021 was RMB 250,013 million, a decrease of 50.7% compared to RMB 507,248 million in 2020[121]. - The company reported a net loss attributable to shareholders of RMB 686,219 million for 2021, compared to a profit of RMB 31,400 million in 2020[122]. - The total comprehensive loss for the year amounted to RMB 686,634 million, compared to a comprehensive income of RMB 31,035 million in 2020[122]. Debt and Liabilities - As of December 31, 2021, the total liabilities of China Evergrande Group amounted to RMB 2,580.15 billion, with a net debt (excluding contract liabilities) of RMB 1,605.80 billion, a decrease of RMB 159.18 billion from the end of 2020[12]. - The company has initiated a debt reduction strategy, reducing interest-bearing liabilities by approximately RMB 300 billion from March 2020 to June 2021[12]. - The group incurred financial costs of RMB 41.62 billion during the year[17]. - The group recorded a cash and cash equivalents total of RMB 28.78 billion as of December 31, 2021, with an additional RMB 31.32 billion in restricted cash[19]. - The group’s total borrowings amounted to approximately RMB 602.65 billion in current borrowings and RMB 4.72 billion in non-current borrowings as of December 31, 2021[114]. - The group faced liquidity issues leading to employee turnover, which hindered the ability to obtain sufficient audit evidence for the opening balances[116]. - The independent auditor was unable to express an opinion on the consolidated financial statements due to significant uncertainties regarding the company's ability to continue as a going concern[113]. Restructuring and Future Plans - The company plans to focus on restructuring and improving operational efficiency in the upcoming fiscal year[121]. - A restructuring support agreement was signed with the Ad Hoc Group on April 3, 2023, aimed at providing a sustainable capital structure and protecting stakeholder interests[133]. - The proposed restructuring is expected to be implemented by October 1, 2023, with a final deadline of December 15, 2023[133]. - The board believes that through the proposed debt restructuring plans, the company will have sufficient funds to meet its financial obligations for the next 12 months[138]. - The company is actively negotiating loan extensions with domestic lenders to alleviate liquidity pressure and has achieved several business collaborations for new financing[132]. Corporate Governance - The company emphasizes high standards of corporate governance, focusing on internal controls, risk management, and accountability to shareholders[41][42]. - The board has reviewed the effectiveness of the risk management and internal control systems, deeming them effective and sufficient as of December 31, 2021[41]. - The company has a commitment to corporate governance principles, adhering to the guidelines set forth in the corporate governance code[41]. - The independent non-executive directors have been appointed for a term of one year, ensuring regular rotation and compliance with company bylaws[41]. - The company has established mechanisms to ensure the board receives independent views and advice, with at least three independent non-executive directors[43]. Employee and Organizational Structure - As of December 31, 2021, the group had a total of 121,368 employees, with nearly 90% holding a bachelor's degree or higher[33]. - The total employee cost for the group was approximately RMB 14.07 billion for the year ending December 31, 2021, compared to RMB 29.02 billion for the previous year[33]. - The company believes that its employees are its most valuable asset and provides training and development opportunities to enhance their career prospects[104]. Risk Management - The company has a strong focus on enhancing its risk management strategies in response to evolving market conditions and internal operations[55]. - The risk management process includes identification, assessment, response, monitoring, and reporting, with a focus on continuous monitoring and management of risks[51]. - The group updated its risk assessment standards based on changes in the internal and external environment, focusing on the nature of business and operational characteristics[51]. - The internal audit function supervises and evaluates the risk management work of the Group and its subsidiaries[50]. Shareholder Communication and Transparency - The company values communication with institutional investors to enhance transparency and gather feedback[74]. - The company has established a shareholder communication policy to ensure equal and timely access to information for shareholders[72]. - The company confirmed that all directors complied with the standard code of conduct for securities trading during the year ending December 31, 2021[65]. Environmental, Social, and Governance (ESG) - The company emphasizes its commitment to environmental protection and has implemented best industry practices across its business segments[102]. - The company has adhered to relevant environmental, social, and governance regulations, with its ESG report to be disclosed separately after the annual report[104]. Financial Reporting and Accounting Policies - The group consolidates subsidiaries from the date control is transferred and ceases consolidation when control is lost, ensuring necessary adjustments for consistency with accounting policies[141]. - Revenue is recognized when the control of the asset is transferred to the customer, either over time or at a point in time, depending on the contract terms[183]. - The group recognizes impairment losses on trade receivables based on historical default rates and forward-looking estimates[165].

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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 CHINA EVERGRANDE GROUP 中 國 恒 大 集 團 （ 於開曼群島註冊成立的有限責任公司） （股份代號：3333） 截至2022年12月31日止年度 業績公告 | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 CHINA EVERGRANDE GROUP 中 國 恒 大 集 團 （ 於開曼群島註冊成立的有限責任公司） （股份代號：3333） 截至2022年6月30日止六個月 未經審核之中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The group's revenue for the year ended December 31, 2021, was RMB 250.01 billion, a significant decrease from RMB 507.25 billion in 2020, reflecting a decline of approximately 50.7%[6] - The group reported a gross loss of RMB 18.45 billion for the year, compared to a gross profit of RMB 123.50 billion in the previous year[6] - The net loss for the year was RMB 686.22 billion, a stark contrast to a profit of RMB 31.40 billion in 2020[6] - The total comprehensive loss for the year was RMB 686,634 million, significantly higher than the comprehensive income of RMB 31,035 million in the previous year[7] - The company’s basic and diluted loss per share for the year was RMB 36.006, compared to earnings of RMB 0.613 per share in 2020[7] - The group recorded a net loss attributable to shareholders of RMB (476,035) million for the year ended December 31, 2021, compared to a profit of RMB 8,076 million in 2020, reflecting a substantial decline in profitability[29] - The basic loss per share for the year ended December 31, 2021, was RMB (36.006), compared to earnings of RMB 0.613 per share in 2020, indicating a significant deterioration in financial performance[29] - The group’s income from property sales was RMB 226,149 million for the year ended December 31, 2021, a decrease of 54.4% from RMB 494,550 million in 2020, highlighting challenges in the property market[26] - The group’s rental income for the year ended December 31, 2021, was RMB 782 million, down from RMB 1,275 million in 2020, indicating a decline in rental revenue[26] Debt and Liabilities - As of December 31, 2021, the total debt of China Evergrande Group amounted to RMB 2,580.15 billion, with net debt after excluding contract liabilities at RMB 1,605.8 billion[2] - The total liabilities of the group increased from RMB 1,950.73 billion in 2020 to RMB 2,580.15 billion in 2021[5] - As of December 31, 2021, the company had total liabilities of approximately RMB 473,054 million, with net current liabilities of RMB 627,315 million[13] - The group’s total liabilities as of December 31, 2021, were RMB 614,208 million, slightly down from RMB 621,715 million in 2020, showing a marginal improvement in debt management[25] - The group has significant contingent liabilities amounting to approximately RMB 9.24 billion as of December 31, 2021, compared to none as of December 31, 2020[61] Cash and Assets - The group's cash and cash equivalents decreased significantly to RMB 5.44 billion from RMB 158.75 billion in 2020[3] - As of December 31, 2021, the total cash (including cash and cash equivalents and restricted cash) was approximately RMB 28,776 million[36] - The group's non-current assets totaled RMB 213.28 billion, down from RMB 396.23 billion in 2020[3] - The total assets of the group were RMB 2,107.10 billion, a decrease from RMB 2,301.16 billion in the previous year[4] - The group has a land reserve of 260 million square meters and is involved in 93 urban renewal projects, with 66 located in the Greater Bay Area[43] Restructuring and Financing - The company is actively pursuing an offshore debt restructuring plan, with a restructuring support agreement (RSA) signed with the Ad Hoc Group (AHG) on April 3, 2023, aimed at providing a sustainable capital structure and protecting stakeholder interests[14] - The proposed restructuring is expected to be implemented through one or more agreements, with an effective date anticipated on October 1, 2023, and a final deadline of December 15, 2023[14] - The company is actively seeking new financing and additional capital through various channels, including asset management companies and financial institutions[13] - The company has engaged in negotiations with creditors to extend loan agreements, reflecting efforts to alleviate liquidity pressures[13] - The board has reviewed cash flow forecasts covering at least 12 months from December 31, 2022, and believes the restructuring plan will provide adequate funding for operations and financial obligations[20] Operational Challenges - The company faced significant uncertainties regarding its ability to continue as a going concern due to various factors, including ongoing litigation and arbitration cases[36] - The independent auditor was unable to express an opinion on the consolidated financial statements due to the inability to obtain sufficient appropriate audit evidence[35] - There were difficulties in obtaining sufficient information to audit the opening balances due to employee turnover, impacting the audit of the financial statements[38] - The company has taken several measures to improve its liquidity and financial position, but the effectiveness of these measures is uncertain[37] Corporate Governance - The company has adhered to all corporate governance codes as per the listing rules for the year ending December 31, 2021[73] - The audit committee, composed of all independent non-executive directors, has reviewed the group's annual performance for the year ending December 31, 2021[73] - The board of directors confirms that all directors have complied with the standard code for securities transactions for the year ending December 31, 2021[72] Shareholder Actions - The board recommended not to declare a final dividend for the year ended December 31, 2021[69] - The company did not declare any dividends for the year ended December 31, 2021, with the final dividend for 2020 being RMB 0.152 per share, totaling approximately RMB 2,012 million[32] - Trading of the company's shares has been suspended since March 21, 2022, and will continue until further notice[74]

の國 大 CHINA EVERGRANDE GROUP China Evergrande Group 中 國 恒 大 集 團 (於開曼群島註冊成立的有限責任公司) 股份代號 : 3333 官員 電 年 A STATUS BE IN THE CHART CONTRACT PARTY CONTRACT CONTRACT COLLECTION CONTRICT COLLECTION CON 一 一 | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | 集團已完成從地產向「多元產業+數字科技」轉型,逐步 分拆集團優質資產上市,構築以固定空間和移動空間為 主體的同心多元產業生態圈,通過八大產業平台聯動, 形成數據閉環,服務數億用戶 個城市 | | | 14 ...

China Evergrande Group 中國恒大集 團 股份代號 : 3333 (於開曼群島註冊成立的有限責任公司) 二零一九年 年報 ANNUAL REPORT 2018 China Evergrande Group http://www.evergrande.com 香港 灣仔 告士打道38號 中國恒大中心23樓 中國恒大集 團 中國恒大集團 二零一 九年年 報 全國佈局 示意圖 本集團以民生地產為基礎，文化旅遊、健康養生為兩翼，新能源 汽車為龍頭，世界500強排名138位，較2016年跨越358位。 876 個項目 237 個城市 2.93 億平方米 土地儲備 13 18 46 38 2 9 49 66 3 39 49 31 36 92 33 12 13 50 35 37 49 23 17 10 6 22 9 1 44 24 吉林 貴州 遼寧 安徽 浙江 湖南 江西 福建 河北 天津 山東 江蘇 台灣 廣東 廣西 雲南 重慶 四川 湖北 河南 山西 青海 新疆 寧夏 內蒙古 上海 北京 西藏 海南 陝西 黑龍江 甘肅 南海諸島 海南 13 18 46 38 2 9 49 66 3 39 49 31 ...