Group 1 - Hong Kong property stocks experienced a rise, with notable increases in several companies' stock prices [1] - Greentown China saw a significant increase of 9.09%, reaching a latest price of 9.000 and a total market capitalization of 22.856 billion [2] - Other companies such as Oceanwide Holdings and R&F Properties also reported substantial gains of 8.65% and 7.55% respectively [2] Group 2 - Shimao Group increased by 5.77%, with a latest price of 0.275 and a market cap of 23.66 billion [2] - Companies like Jianfa International Group, China Resources Land, and China Jinmao rose over 4%, indicating a positive trend in the sector [1][2] - Year-to-date performance shows mixed results, with some companies like Oceanwide Holdings and R&F Properties down by 54.25% and 58.09% respectively [2]

Core Viewpoint - The Beijing local standard "Technical Regulations for Seismic Reinforcement of Existing Buildings" (DB11/T 689-2025) has been officially released and will be implemented on January 1, 2026, providing critical technical guidance for seismic reinforcement design, construction, and acceptance of existing buildings in Beijing [1][3]. Group 1 - The new regulations address the pressing need for functional upgrades and safety reinforcements of aging buildings in Beijing, as the old technical standards are no longer adequate for current engineering practices [3]. - A significant challenge identified in the revision process is the scientific determination of the "remaining service life" of buildings post-renovation, which is essential for developing economically viable reinforcement plans [3]. - The innovative concept proposed by the company, which allows for determining the post-renovation service life based on the actual remaining lifespan of the building, has been adopted as a key technical principle in the regulations [3]. Group 2 - The company's participation in the formulation of the regulations has led to high recognition of its professional capabilities by the drafting group and the Beijing Engineering Construction Standardization Association, further solidifying its influence in the field of existing building renovation and seismic safety [3]. - The company aims to continue promoting the application of technological achievements in more buildings, supporting urban safety and sustainable development under the philosophy of "Architecture and Health" [3].

Core Points - The company, Yuan Yang Chun Xuan Mao, has been awarded the qualification of "Elderly Medical Care Training Network Unit" by the Chinese Geriatrics Society, making it the first in Beijing and the second nationwide to receive this recognition [2][4] - This award highlights the company's professional service capabilities and signifies its responsibility in promoting industry standards and professional talent development [2][4] Group 1 - The establishment of the "Training Network Unit" by the Chinese Geriatrics Society aims to select benchmark institutions nationwide to conduct training in elderly medical care, nursing, and care services [4] - The recognition indicates that Yuan Yang Chun Xuan Mao has achieved industry-leading levels in professional service capabilities, standardized management systems, and talent cultivation mechanisms [4] - The Vice President of the Chinese Geriatrics Society praised the company for its solid professional service capabilities and collaborative spirit, expressing hope for its role as a "Dementia Care Demonstration Base" [4] Group 2 - The awarding of this qualification marks an important milestone in the development of Yuan Yang Chun Xuan Mao [5] - The company plans to collaborate with the Chinese Geriatrics Society and peers nationwide, focusing on technological innovation and talent cultivation to enhance the overall health and quality of life for the elderly in China [5]

Core Insights - The Z6 project in Beijing's CBD has achieved four top certifications in green and healthy building sectors during its construction phase, marking it as a rare example of a super high-rise office building in China that has attained a "grand slam" of green certifications [1][2] Group 1: Project Overview - The Z6 project has a total construction area of approximately 180,000 square meters and a height of 160 meters, aiming to be the first super high-rise office building in China to receive the "Net Zero Carbon Excellence Certification" by 2024 [1] - The project has also received pre-certifications for the highest domestic green building rating, "Green Building Three-Star," and the highest international green building rating, LEED Platinum, along with interim certification for the WELL standard [1][2] Group 2: Sustainability and Innovation - The Z6 project focuses on three core dimensions: "green, healthy, and net zero carbon," integrating multiple cutting-edge technologies to overcome challenges in energy efficiency, carbon reduction, and creating a healthy environment [2] - The project actively participates in industry standard development, contributing to the "Commercial Building Net Zero Operation and Carbon Neutrality Evaluation Specification," showcasing the company's commitment to advancing low-carbon and smart transformation in China's building economy [2] Group 3: Design and Features - The Z6 project embodies the company's "Architecture·Health" philosophy, deeply integrating green and low-carbon principles throughout the project's lifecycle, aiming for a high-quality office experience centered on human needs [3] - The project features a prime location facing the CBD Central Park, with highlights such as a shared atrium, large column-free spaces, and operable inner breathing curtain wall systems, designed to create a high-quality and comfortable office environment [5]

FF301 II. 已發行股份及/或庫存股份變動 | 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) | 03377 | 說明 | 股份 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 11,654,987,204 | | 0 | | 11,654,987,204 | | 增加 / 減少 (-) | | | 153,230,063 | | | | | | 本月底結存 | | | 11,808,217,267 | | 0 | | 11,808,217,267 | 第 2 頁 共 11 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 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 | | --- | --- | --- | ...

Core Viewpoint - The real estate stocks in China are generally declining, with significant drops observed in major companies such as China Overseas Grand Oceans Group and R&F Properties, indicating ongoing market weakness and challenges in sales performance [1] Sales Performance - According to CRIC, the top 100 real estate companies achieved a sales turnover of 253 billion yuan in October 2025, reflecting a month-on-month increase of 0.1% but a year-on-year decrease of 41.9% [1] - Cumulatively, the top 100 real estate companies reported a total sales turnover of 25,766.6 billion yuan, which represents a year-on-year decline of 16%, with the rate of decline widening by 4.2 percentage points compared to the first nine months of the year [1] Market Outlook - Huatai Securities suggests that the current market sales remain weak, impacted by high base effects from policy stimuli in the same period last year, indicating that the market is still in a phase of bottoming out and stabilization [1] - Looking ahead, Huatai Securities expresses a more optimistic view on the recovery pace in core cities, particularly those represented by first-tier cities [1]

Group 1 - The overall performance of the Chinese property stocks is declining, with notable drops in share prices [2] - Specifically, Yongye Group (03377.HK) has decreased by 5.08%, trading at 0.112 HKD [2] - R&F Properties (02777.HK) has fallen by 3.57%, with a current price of 0.54 HKD [2] - China Overseas Macro Group (00081.HK) has seen a decline of 3.11%, now priced at 2.18 HKD [2]

Core Viewpoint - The real estate sector in China is experiencing a decline, with major property stocks falling significantly amid weak market sales and a challenging year-on-year comparison due to previous policy stimuli [1] Group 1: Stock Performance - Major property stocks such as Yuanhang Group (03377) fell by 5.08% to HKD 0.112, R&F Properties (02777) decreased by 3.57% to HKD 0.54, and China Overseas Macro Group (00081) dropped by 3.11% to HKD 2.18 [1] Group 2: Sales Data - According to CRIC, the top 100 property companies achieved a sales turnover of CNY 253 billion in October 2025, reflecting a month-on-month increase of 0.1% but a year-on-year decrease of 41.9% [1] - Cumulatively, the top 100 property companies recorded a sales turnover of CNY 25,766.6 billion, which represents a year-on-year decline of 16%, with the decline rate widening by 4.2 percentage points compared to the first nine months of the year [1] Group 3: Market Outlook - Huatai Securities indicates that the current market sales remain weak, with year-on-year performance under pressure due to high base effects from policy stimuli last year, suggesting that the market is still in a phase of bottoming out and stabilization [1] - Looking ahead, Huatai Securities expresses a more optimistic view on the recovery pace in core cities, particularly those represented by first-tier cities [1]

Core Insights - The GRESB rating results for the China region were announced on October 28, with the company receiving a five-star rating for achieving a total score of 98 [1] - The company is committed to the "dual carbon" strategy and aims for "net zero emissions by 2050," with all new projects meeting national green building standards [3] - The company has registered 194 green building projects covering nearly 40 million square meters by the end of 2024 [3] Group 1: Green Building Initiatives - The company’s Z6 project in Beijing's CBD is the first in China to receive "Net Zero Carbon Excellence Certification," integrating advanced low-carbon technologies and a green electricity trading mechanism [5] - The Z6 project aims to set industry standards and contribute to the development of carbon neutrality evaluation norms for commercial buildings by 2025 [5] Group 2: Health and Well-being Standards - The company has developed the "Ocean Health Building System," which focuses on health-oriented building practices across five dimensions, ensuring user health and safety [6] - This health building system has been implemented in over 150 projects across 51 cities, covering more than 27.8 million square meters [7] Group 3: Market Recognition and Performance - The company delivered 41,800 residential units in 2024, maintaining a top 10 position in overall delivery quality within the industry [7] - The company’s commitment to sustainable development has positioned it as a leader in various international ESG ratings, including GRESB, S&P Global, and Morningstar Sustainalytics [7]

Core Insights - ST Dongshi (603377.SH) reported its Q3 2025 financial results on October 31, 2025, highlighting significant institutional investor activity [1] Institutional Holdings - As of October 30, 2025, a total of 7 institutional investors disclosed holdings in ST Dongshi A-shares, with a combined shareholding of 341 million shares, representing 47.63% of the total share capital [1] - The institutional investors include Dongfang Shishang Investment Co., Ltd., Xinyu Runfang Investment Management Center (Limited Partnership), Huaneng Guicheng Trust Co., Ltd. - Huaneng Trust Yuanhe No. 1 Collective Fund Trust Plan, Beijing Daxing Investment Group Co., Ltd., Shijiazhuang Mingcai Trading Co., Ltd., Dengtou Holdings Group Co., Ltd., and Jinghan Holdings Group Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.47 percentage points [1]