根據本公司日期為二零 二五年十二月三十一日的公告，本公司已提供 截至二零二五年十 二月三十一日止為改善 本集團的流動資金及財務狀況而實施的計 劃和措施的最新情況。 根據本公司日期為二零二六年三月二十七日的截至二零二五年十二月三十一日止年度之 全年業績公告（「二零二五年全年業績公告」），本公司核數師已就本集團截至二零二五年 十二月三十一日止年度 的綜合財務報表不發表意見，而該不發表意見 亦僅與持續經營問 題 有關。本 公司 謹 此向 本公 司 股東 及投 資 者提 供最 新 信息，自 二零 二 六年 一月 一 日起 直 至本公告日期，本公司已實施下列計劃及措施，以改善本集團的流動資金及財務狀況： 1 . 境 內 債 務 重 組 計 劃：於 二 零 二 五 年 八 月 一 日，本 集 團 公 佈 其 初 步 計 劃 為 本 集 團 若 干 境內存續公司債券及銀行間定向債務融資工具（「標的債券」）持有人提供整體重組計 劃，對 標 的 債 券 本 金 和 利 息 償 付 安 排 作 出 調 整，並 提 供 現 金 購 回、股 票 經 濟 收 益 權、資 產 抵 債 等 多 種 清 償 選 項。標 的 債 券 重 組 ...

Financial Performance - Total contracted sales amounted to RMB 26.31 billion, a decrease of 25% year-on-year[2] - Revenue for the year was RMB 14.837 billion, down approximately 37% compared to the previous year[4] - The group recorded a gross loss of RMB 10.583 billion, with a gross margin of 71%[10] - The group’s attributable profit was RMB 6.756 billion, with an expected attributable loss of RMB 18.624 billion for 2024[2] - The group recorded a one-time debt restructuring gain of RMB 46.872 billion in 2025, a significant increase from no such gain in 2024[12] - The attributable profit for 2025 was RMB 6.756 billion, a significant turnaround from a loss of RMB 18.624 billion in 2024, mainly due to the debt restructuring gains[18] - The consolidated revenue for the year ended December 31, 2025, was RMB 14,837,433,000, a decrease from RMB 23,640,619,000 in 2024, representing a decline of approximately 37.3%[48] - The gross loss for 2025 was RMB 10,583,058,000, compared to a gross loss of RMB 398,195,000 in 2024, indicating a significant increase in losses[48] - The operating loss for the year was RMB 37,582,610,000, up from RMB 15,134,637,000 in the previous year, reflecting a worsening operational performance[48] - The net profit attributable to the company's owners for 2025 was RMB 3,598,573,000, a recovery from a net loss of RMB 18,986,988,000 in 2024[49] - Total comprehensive income for the year was RMB 3,686,553,000, compared to a total comprehensive loss of RMB 19,783,803,000 in 2024, showing a positive turnaround[49] Debt and Liquidity - Total debt decreased to RMB 50.852 billion, while total equity increased to RMB 1.899 billion[2] - The net debt-to-equity ratio was approximately 2,361% as of December 31, 2025, improved due to significant progress in debt restructuring and increased equity[20] - The company successfully completed the restructuring of its offshore debt on March 27, 2025, involving approximately $6,315 million in total debt relief[41] - The restructuring included the issuance of new debt totaling approximately $2,200 million and convertible bonds or new perpetual securities amounting to approximately $4,115 million[41] - Post-restructuring, the company's leverage was reduced by approximately $4 billion, significantly improving its asset-liability structure and alleviating offshore liquidity pressure[41] - The group has outstanding borrowings totaling approximately RMB 50.85 billion, with current borrowings around RMB 24.81 billion, and cash and cash equivalents of approximately RMB 1.55 billion[57] - The group's current liabilities exceeded current assets by approximately RMB 10.85 billion as of December 31, 2025[57] - The group has not repaid principal amounts of approximately RMB 15.79 billion in borrowings due as of December 31, 2025, including bank loans and other borrowings[106] - The group is in communication with creditors regarding the adjustment of repayment arrangements for outstanding debts[58] - The group has made provisions for various unpaid borrowings and ongoing litigation related to construction and operational payables[58] Market and Sales Outlook - The real estate development investment in 2025 is projected to be RMB 828.78 billion, a year-on-year decrease of 17.2%[5] - The sales area of newly built commercial housing in 2025 is expected to be 88.101 million square meters, down 8.7% year-on-year[5] - The revenue from property development is expected to decline by approximately 51% to RMB 8.48 billion in 2025, down from RMB 17.27 billion in 2024[22] - The deliverable saleable floor area is projected to decrease by 41% to approximately 886,000 square meters in 2025, compared to about 1,507,000 square meters in 2024[22] - The average recognized selling price per square meter is expected to drop to approximately RMB 10,700 in 2025, down from RMB 12,600 in 2024[22] - The total contracted sales amount is projected to decrease to RMB 26.31 billion for the twelve months ending December 31, 2025, a decline of about 25% from RMB 35.16 billion in 2024[25] - The total contracted sales floor area is expected to decline by approximately 28% to 2,143,000 square meters in 2025, down from 2,996,800 square meters in 2024[25] Investment Properties and Land Reserves - The fair value of investment properties decreased to RMB 1.279 billion in 2025 from RMB 747 million in 2024, reflecting the deep adjustment in the domestic real estate market[13] - The total rentable area of the investment properties is approximately 3,483,000 square meters, with 766,000 square meters designated for office space and 899,000 square meters for retail[39] - As of December 31, 2025, the group's cash resources totaled RMB 6.023 billion, with a current ratio of 0.91, indicating liquidity risk management efforts[19] - As of December 31, 2025, the total land reserve of the group and its joint ventures decreased to approximately 27,051,000 square meters, down from 31,072,000 square meters on December 31, 2024[29] - The attributable land reserve decreased to approximately 14,160,000 square meters as of December 31, 2025, compared to 16,464,000 square meters on December 31, 2024[29] Operational Challenges and Strategies - The company aims to transform its business model towards holding operations and comprehensive services[6] - The group is focusing on expanding its market presence through new projects and strategic partnerships in key cities[38] - The company plans to provide a comprehensive restructuring plan for certain domestic bonds and bank debt instruments, offering options such as cash buybacks and asset pledges[44] - The company will initiate cash buyback options, equity economic rights options, and asset pledge options as per the bondholder meeting outcomes[45] - The company is actively seeking solutions for unresolved litigation and is confident in reaching amicable settlements[62] - The group plans to accelerate the pre-sale and sale of properties to improve cash flow and adjust sales activities based on market conditions[62] - Cost control measures will be implemented to maintain liquidity, including reducing administrative costs and unnecessary capital expenditures[62] Corporate Governance and Compliance - The company has adhered to corporate governance principles throughout the year ending December 31, 2025, with certain disclosed deviations[117] - The chairman and CEO roles are combined, which the company believes helps streamline power and authority within the current corporate structure[118] - The board has utilized written resolutions instead of meetings to approve significant transactions involving major shareholders, ensuring effective decision-making[119] - The audit committee has reviewed the group's full-year performance for the year ending December 31, 2025[121] - The annual report for the year ending December 31, 2025, will be distributed to shareholders and published on the company's website at the appropriate time[122]

Core Viewpoint - The article discusses the challenges faced by real estate companies in China regarding debt restructuring, highlighting that many firms lack the ability to pay restructuring-related costs and are experiencing slow progress in implementing these plans [1][2]. Group 1: Financial Performance and Debt Restructuring - Times China issued a profit warning, projecting a net loss of no more than 300 million yuan for 2025, a significant decrease from a loss of 16.61 billion yuan in 2024, primarily due to overseas debt restructuring gains [2]. - Kaisa Group expects a net profit of no less than 50 billion yuan for 2025, recovering from a loss of 28.5 billion yuan in 2024, also attributed to overseas debt restructuring gains [2]. - Other companies like Country Garden, Ocean Group, and Yuzhou Group reported significant improvements in net profit due to non-cash gains from debt restructuring, while firms that have not completed restructuring saw little improvement [2]. Group 2: Operational Challenges Post-Restructuring - Despite improvements in financial statements due to debt restructuring, companies are facing severe cash flow issues, leading to salary cuts and layoffs, with some employees experiencing delays in salary payments [4][5]. - The restructuring primarily focuses on debt reduction, with common methods including the replacement of debt with convertible bonds and cash payment options, although cash payments are minimal, typically ranging from 2% to 6% of total domestic debt [4][5]. - Many firms are struggling to meet cash payment obligations due to liquidity constraints, raising concerns about potential defaults despite having restructured their debts [5][6]. Group 3: Market Conditions and Sales Performance - The real estate market has seen a decline in sales, with average monthly sales dropping from 7-8 billion yuan to around 1 billion yuan, severely impacting cash flow for project construction [7][8]. - The tightening of pre-sale fund regulations has exacerbated the difficulties in cash recovery for many firms, including state-owned enterprises [7]. - Companies are facing challenges in asset disposal and recovering receivables, particularly from government-related debts, which are critical for completing debt restructuring [8]. Group 4: Historical Context of Debt Management - Since the liquidity crisis in late 2021, real estate companies have undergone a complex debt management process, initially relying on short-term extensions, followed by longer-term restructuring efforts [10][11]. - The current phase of debt restructuring focuses on significant debt reduction, with some firms achieving debt reduction rates exceeding 50%, and in some cases, up to 70-80% [10][11]. - As of August 2025, over 20 distressed firms have received approval for debt restructuring, with a total debt reduction exceeding 1.2 trillion yuan [11].

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。 本公告及其任何副本概 不得直接或間接在美國，或在刊發或派發本公 告屬違法的任何其 他司法權區刊發或派發。 如未根據美國或任何其他司法權區的證券法例辦理登記或取得資格而在任何有關司法權 區 內要 約出 售 或招 攬購 買 任何 證券 之 要約 即屬 違法，則本 公告 在 當地 不構 成 有關 要約、 招 攬 或 出 售。證 券 未 辦 理 登 記 或 未 獲 適 用 豁 免 登 記 前，不 得 在 美 國 發 售 或 出 售。凡 在 美 國 進行 任何 證 券公 開發 售，將 只會 以招 股 章程 方式 進 行。該招 股章 程 將載 有有 關 提出 建 議的公司以及其管理層及財務報表的詳細資料。本公司無意於美國公開發售任何證券。 海外監管公告 本 海 外 監 管 公 告 乃 由 遠 洋 集 團 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司， ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 遠洋集團控股有限公司 呈交日期： 2026年3月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 03377 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | ...

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 會 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的任何損失承擔任何責任。 1 股東、本集團債務證券持有人及潛在投資者於買賣本公司證券時務須審慎行事。 內幕消息 盈利預告 本公告乃由遠洋集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章 《證券及期貨條例》第XIVA部項下內幕消息條文（定義見上市規則）而作出。 本公司董事局（「董事局」）謹此知會本公司股東（「股東」）、本集團債務證券持有人及潛在 投資者，根據董事局對本集團截至二零二五年十二月三十一日止年度（「本年度」）的最近 期未經審核綜合管理賬 目之初步審閱及董事局目前可獲得的資料，預 期本集團於本年度 將錄得本公司擁有人應佔溢利介乎約人民幣60.00億元至人民幣75.00億元，而截至二零 二四年十二月三十一日止年度則錄得本公司擁有人應佔虧損約人民幣186.24億元。根 ...

Core Viewpoint - The real estate industry has officially entered a new development stage of "stabilization and quality upgrade" in 2025, with significant improvements in delivery capabilities and buyer confidence [1] Group 1: Industry Overview - The central government continues to deepen the real estate financing whitelist system, with over 7.5 million historically delayed housing units completed and the pilot of selling completed homes expanding [1] - The asset-liability structure of companies has substantially improved, with a stable delivery pattern characterized by quality upgrades and steady volume [1] - Leading real estate companies have stabilized their delivery scales, and the ability of distressed companies to fulfill commitments has significantly recovered [1] Group 2: Delivery Capability Assessment - The "2025 China Real Estate Enterprise Delivery Capability TOP 50" evaluates companies based on total delivery scale, timeliness, satisfaction, and completeness of delivery systems [13] - The top 50 companies have become the main force in ensuring delivery, with an increasing proportion of high-quality improvement projects [16] Group 3: Policy and Mechanisms - The central government has established a long-term policy mechanism for the real estate market, focusing on ensuring delivery, preventing risks, and stabilizing expectations [15] - Key measures include the normalization of the real estate financing whitelist, full-cycle supervision of pre-sale funds, and the expansion of the completed home sales pilot [15] Group 4: Delivery Quality and Experience - Delivery capability has evolved from merely "on-time delivery" to a comprehensive ability encompassing full-process systems, precision craftsmanship, and full-cycle services [19] - The delivery process now integrates design and operation, creating a complete loop that enhances the value from "building good homes" to "living well" [19] Group 5: Notable Delivery Projects - The top delivery projects of 2025 include high-end, light luxury, and quality works, showcasing the industry's focus on quality and customer experience [6][9][11] - Notable projects include "Poly Tianrui" in Guangzhou and "Beijing Yuefu," reflecting the industry's commitment to high standards [6][9]

遠洋集團控股有限公司 公司秘書 陳嘉敏 香港，二零二六年三月十七日 於 本 公 告 日 期，董 事 局 包 括 執 行 董 事 李 明 先 生、王 洪 輝 先 生、崔 洪 杰 先 生 及 柴 娟 女 士； 非 執 行 董 事 張 忠 黨 先 生、于 志 強 先 生、孫 建 新 女 士 及 王 滿 玲 女 士；以 及 獨 立 非 執 行 董 事 韓小京先生、呂洪斌先生、劉景偉先生、蔣琪先生及陳國鋼先生。 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。 董事局會議召開日期 遠洋集團控股有限公司（「本公司」）董事局（「董事局」）謹此宣佈本公司將於二零二六年三 月二十七日（星期五）召開董事局會議，藉以批准本公司及其附屬公司截至二零二五年十 二月三十一日止年度之全年業績及其刊發及處理其他事項。 承董事局命 ...

內幕消息 一家附屬公司之相關信息 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 會 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的任何損失承擔任何責任。 2026 年 2 月，遠 洋 控 股 無 新 增 重 大 訴 訟，若 干 存 續 重 大 訴 訟 的 審 理 狀 態 更 新 的 詳 情 可 於 遠 洋 控 股 於 上 海 證 券 交 易 所 網 站 (http://www.sse.com.cn) 發 佈 之 相 關 公 告 獲 取。 1 本公告乃由遠洋集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上 市 規 則」）第 13.09(2)(a) 條 以 及 證 券 及 期 貨 條 例（香港法例第571章）第XIVA部項下內幕消息條文（定義見上市規則）作出。 茲 提 述 本 公 司 日 期 為 2026 年 2 月 4 日 的 公 告（「該 公 告」），內 容 有 關 本 公 司 全 資 ...

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 會 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的任何損失承擔任何責任。 未經審核營運數據 遠 洋 集 團 控 股 有 限 公 司（「本 公 司」）董 事 局（「董 事 局」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 （「本集團」）就二零二六年二月及截至二零二六年二月二十八日止兩個月的若干未經審核 營運數據如下： 協議銷售額 本集團連同其合營公司及聯營公司就二零二六年二月的協議銷售額約為人民幣4.7億元； 協議銷售樓面面積約為39,800平方米；協議銷售均價為每平方米約人民幣11,800元。二 零二六年一月一日到二 月二十八日，本集團連同其合營公司及聯營公 司的累計協議銷售 額 約 為 人 民 幣 16.2 億 元；累 計 協 議 銷 售 樓 面 面 積 約 為 118,400 平 方 米；累 計 協 議 銷 售 均 價為每平方米約人民幣13,700元。 上 述營 運資 料 未經 審核，乃 根 據本 集團 初 步內 部資 ...