Core Insights - Ocean Group's subsidiary, Yuan Yang Construction Management, has successfully signed the Kunming Shilin Dashangjia reconstruction project, marking its second case of revitalizing distressed assets in Kunming after the Xishan District Jingsheng project [1][5] Group 1 - The Shilin Dashangjia project is located in the core area of Shilin County, with a total construction area of approximately 170,000 square meters, designed as a pure commercial community that includes apartments and commercial streets [3][8] - Yuan Yang Construction Management adopts the role of "project doctor," quickly assembling an expert team for comprehensive diagnostics of the project, which had been stagnant for years due to funding and planning issues [3][4][8] - The company will provide a "full-process, integrated" construction and sales service, leveraging its mature full industry chain system and extensive experience in construction management to optimize product design and attract suitable businesses [3][4][8] Group 2 - In the context of the real estate market entering the "stock era," revitalizing distressed assets has become a test of the professional capabilities of construction management companies [4][8] - Yuan Yang Construction Management is actively participating in the practice of activating stock assets, contributing to the improvement of living environments and urban aesthetics [4][8]

Group 1 - The core achievement of the company is the successful signing of the Kunming Shilin Dashangjia reconstruction project, marking the second case of revitalizing distressed assets in Kunming after the Xishan Jingsheng project [1] - The Shilin Dashangjia project covers a total construction area of approximately 170,000 square meters and is positioned as a pure commercial community, including apartments and commercial streets, with strong asset activation value and potential due to its central location and mature transportation [1] - The company adopts the role of a "project doctor," forming an expert team to conduct a comprehensive diagnosis of the project, identifying issues related to funding and planning that led to its stagnation, and developing tailored revitalization plans to address historical problems [1] Group 2 - In the context of the real estate market entering the "stock era," the ability to rejuvenate distressed assets has become a test of the professional capabilities of construction companies [2] - The company actively participates in the activation of stock assets through its professional construction capabilities, contributing to the improvement of living environments and urban aesthetics [2]

Group 1 - The real estate industry in China is entering a "stock era," emphasizing the need for professional methods to effectively mitigate risks and enhance the value of inefficient assets [1][21] - The "Tsinghua Alumni Special Opportunity Investment Alliance Spring Forum 2026" was held on February 4, co-hosted by various organizations including the Ocean Group and Tsinghua Alumni Association [1][21] - The forum gathered industry experts to discuss trends in special asset investment, case studies on inefficient asset disposal, tax and legal practices, and industry ecological collaboration [1][21] Group 2 - Special opportunity investment has evolved from simple debt disposal to a multi-dimensional systematic project encompassing capital, industry, operations, law, and taxation [3][23] - The market size for special opportunity investment in the real estate sector is expected to reach trillions, presenting significant opportunities for various professional institutions [3][23] - The Tsinghua Alumni Special Opportunity Investment Alliance aims to integrate expertise from real estate, finance, and law to explore broader "special opportunity" fields through resource integration and capability complementarity [3][23] Group 3 - The Ocean Group showcased its comprehensive capabilities in asset management, business management, and construction management during the forum [7][27] - The forum included discussions on practical challenges in special asset disposal, focusing on legal and tax issues, with insights from experts on tax optimization and transaction structure design [10][31] - The Ocean Group has accumulated extensive experience in asset disposal and value reconstruction, positioning itself as a "project doctor" to provide actionable solutions for asset revitalization [15][38] Group 4 - The current phase of the special asset industry presents development opportunities, with asset prices and market supply-demand in a consolidation phase, particularly in key urban areas [15][38] - The Tsinghua Alumni Special Opportunity Investment Alliance will continue to leverage its platform to foster collaboration in the special opportunity investment sector, focusing on distressed asset investments and enterprise restructuring [19][40]

Core Insights - The cooperation agreement between Longgang District Civil Affairs Bureau and Chuanxuanmao, a subsidiary of Ocean Group, aims to establish a public-private partnership for an elderly care facility in Longgang District, Shenzhen, which will serve as a model for smart elderly care in Guangdong Province and nationwide [2][3] Group 1: Project Overview - The elderly care facility will be located at Xin Nan Road, Pinghu Street, covering a total area of approximately 26,000 square meters, with a planned capacity of 350 beds [2] - The project is backed by government investment and selected through public bidding, with Chuanxuanmao winning the bid due to its extensive operational experience in the Greater Bay Area [2] Group 2: Technological Innovations - The project will utilize the "Hongmeng Health Care Intelligent Base" to create a smart system that includes safety measures such as 4D imaging radar and millimeter-wave life sign monitoring, achieving a 98% accuracy rate for fall alerts and non-contact sleep monitoring [2] - Health management will be supported by the proprietary "WeCaring" platform, which synchronizes health data and incorporates rehabilitation and emotional support robots, along with a telemedicine system [2] Group 3: Service Offerings - Chuanxuanmao plans to introduce international advanced elderly care concepts, providing a comprehensive range of services including daily care, medical treatment, rehabilitation, and emotional support [3] - The facility will establish a dual-layer medical network that integrates basic medical services within the facility and external green channels, connecting with high-quality resources such as the South China Hospital affiliated with Shenzhen University [3] Group 4: Strategic Importance - This public-private partnership is a significant step in Shenzhen's initiative to create a benchmark for elderly care, promoting a model of "government-led + professional enterprise operation" [3] - The Longgang District elderly care facility is expected to become a "warm home" for the elderly and develop standardized experiences that can be replicated, contributing to the sustainable development of the elderly care industry in the Greater Bay Area and nationwide [3]

（一） 增信涉及的債券名稱、簡稱和代碼 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。 | 序號 | 代碼 （上海證券交易所） | 債券簡稱 | | | | | | 債券名稱 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 155255 | H19遠洋1 | 遠 洋控 | 股 | | 集團（中 | | 國）有 | 限 | 公司 | 公 | 開發 | | | | | 行 2019 一） | | 年 | 公 | 司 債 | 券（ | 第 一 | 期 | ）（ | 品 種 | | 2 | 155256 | H19遠洋2 | 遠 洋控 | 股 | | 集團（中 | | 國）有 | 限 | 公司 | 公 | 開發 | | | | | 行 2 ...

Group 1: Office Rental Market Overview - The average office rental price in eight major cities (Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Nanjing, and Wuhan) decreased by 7.35% month-on-month to 2.3 yuan/square meter/day in December 2025, with the decline accelerating compared to November's 6.28% [4] - Year-on-year, the average rental price dropped by 19.37%, with all cities except Shenzhen experiencing double-digit declines, particularly in Guangzhou, Beijing, and Nanjing [4] - The imbalance between supply and demand in the office market is evident, with a 6.7% year-on-year increase in new office space completed in 2025, while demand remains weak, primarily supported by sectors like technology and finance [4] Group 2: Supply and Demand Dynamics - A significant influx of high-quality office projects is expected in major cities like Shanghai, Beijing, Guangzhou, Hangzhou, Xi'an, and Changchun from late 2025 to early 2026 [5] - The first-tier cities' Grade A office rental prices continued to decline in Q4 2025, with varying degrees of decrease across the four cities [4] - The vacancy rate in Beijing decreased due to no new supply, while Shanghai, Guangzhou, and Shenzhen saw high vacancy rates due to new supply or high existing stock [4] Group 3: Project Developments and Market Activity - Major commercial real estate companies like China Resources Land, Oceanwide Holdings, and Hang Lung Properties are actively developing new projects and revitalizing existing assets through urban renewal [7][9] - The Shanghai China Resources Center, a key project, has a total construction area of approximately 125,000 square meters and has completed its construction registration, allowing for immediate tenant entry [8] - The operational capabilities of office space operators are crucial, with projects like the Shanghai China Resources Center attracting luxury brands like LV, indicating strong foreign investment confidence in the Shanghai market [11] Group 4: Market Expansion and Trends - The office space service sector is witnessing a gradual recovery in expansion confidence, with 12 new projects signed or opened during the reporting period, reflecting a positive trend [16] - IWG Group leads with four new openings in cities like Shenzhen and Hefei, emphasizing its deep penetration into core cities [16] - The concentration of projects in core cities and key areas is notable, with Shenzhen being the most active city, followed by Shanghai, indicating a strong demand for office space driven by small and medium enterprises [17]

Core Viewpoint - Beijing Ocean Holding Group Co., Ltd. announced changes to the credit enhancement measures for four corporate bonds due to the need for Sanya Tangdi Zhuangyuan Investment Co., Ltd. to accelerate the development of related land parcels [1] Group 1: Bond and Credit Enhancement Changes - The adjustment involves the sale of 75% equity in the project company by Sanya Nanguo Olympic Garden Co., Ltd. to a third party, with the transaction price set at 3.93 million yuan [1] - Approximately 2.3 million yuan from the equity sale will be specifically used for "cash buyback option" funding, based on a total pledge ratio of 58.575% for the four corporate bonds [1] - A pledge guarantee will be provided for the proposed enhanced bonds based on a 50 million yuan debt owed to Shenzhen Yitian Group Co., Ltd., replacing the original equity income rights pledge from Sanya Tangdi Zhuangyuan Investment Co., Ltd. [1] Group 2: Assurance of Credit Enhancement Value - Ocean Group stated that the debt has been confirmed and is expected not to lead to a decrease in the value of the credit enhancement assets, ensuring that the effectiveness of the enhanced credit measures remains at least at the original standard [2]

Core Viewpoint - Recently, the Ocean Group's light-asset construction management platform, Ocean Construction Management, successfully signed a contract for the Dalian World Financial Center urban renewal project, providing professional construction management services to enhance the quality of this super high-rise landmark [1][4]. Group 1: Project Details - The Dalian World Financial Center is located in the core area of Zhongshan District, Dalian, with a total construction area of 182,000 square meters, consisting of twin towers each 228 meters high, integrating Grade A office buildings, high-end hotels, and boutique apartments [1][4]. - The main construction of the project has been completed and has fully entered the finishing stage [1][4]. Group 2: Management Approach - Ocean Construction Management will rely on the "Ocean Healthy Building System" and implement the "Five Good System" standards (Good Design, Good Materials, Good Craftsmanship, Good Service, Good System) [1][4]. - The company aims to achieve optimal solutions between the quality of finishing in super high-rise buildings and user experience through meticulous construction management and systematic cost control [1][4]. Group 3: Industry Positioning - This is not the first time Ocean has made efforts in the field of existing asset renovation; the company has developed a mature and replicable professional capability path, including projects like the renovation of Hilton Garden Inn in Beijing and the transformation of an old department store into the "Green Oxygen" business complex, Ocean Anzhen Plaza [2][5]. - Ocean continues to deepen its engagement in the urban renewal sector, contributing to the value enhancement of urban landmark assets [3][6].

Core Viewpoint - The approval of the innovative three-hold Very Large Ethane Carrier (VLEC) design by Lloyd's Register (LR) signifies a shift in the gas shipping industry towards more efficient and economically viable vessel designs, moving from a four-hold to a three-hold configuration [1][2][10] Group 1: Design and Development - The three-hold VLEC design has received Approval in Principle (AiP), indicating that it has passed key safety and regulatory checks, paving the way for future engineering, financing, and leasing discussions [2][9] - The project is a Joint Development Project (JDP) involving multiple stakeholders, including GTT, China Merchants Heavy Industry, Deltamarin, and Babcock LGE, focusing on optimizing energy efficiency, operational flexibility, and lifecycle economics through innovative design and system integration [1][3] Group 2: Performance and Efficiency - The three-hold design allows for performance upgrades while maintaining the same main dimensions, which enhances dock compatibility, reduces port restrictions, and lowers construction costs [4][8] - Improved insulation and reduced evaporation losses are key advantages of the three-hold configuration, which can lead to lower cargo loss and reduced energy consumption, thereby enhancing overall economic viability [5][8] Group 3: Market Adaptability - The new design is adaptable for transporting various cargo types, including ethane, ethylene, propane, and butane, and is compatible with LNG tank systems, which enhances its market flexibility and risk resilience [7][10] - The shift to a three-hold configuration is expected to simplify construction processes and reduce operational costs, making it a more attractive option for shipowners and operators [8][9] Group 4: Industry Trends - The trend towards three-hold designs in gas carriers reflects a broader industry movement towards higher efficiency and stricter carbon constraints, with the potential for new standard vessel types to emerge if widely accepted by leading shipowners and operators [9][10] - The ongoing collaboration through JDPs aims to support the technological evolution of high-value gas carriers, focusing on low-carbon, scalable, and commercially viable applications [10]

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: | 2026年1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: | 遠洋集團控股有限公司 | | | 呈交日期: | 2026年2月3日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 遠洋集團控股有限公司(「本公司」)並無法定股本, 及其股本並無股份面值。 | | | FF301 第 1 頁 共 11 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 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 | | ...