(1) 擬進行的重組相關交易（其中包括）： (a) 可能根據特別授權發行強制可轉換債券； 此 乃 要 件 請 即 處 理 閣下如對本通函之任何內容或 閣下應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有遠洋集團控股有限公司之股份，應立即將本通函送交買主或承讓人，或經手 買賣或轉讓之註冊證券商或註冊證券機構或其他代理商，以便轉交買主或承讓人。 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通函之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通函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。 本通函僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦不在任何司法權區構成任何投 票或批准的招攬。本通函及其任何副本概不得直接或間接在美國，或在刊發或派發本通函屬違法的任何其 他司法權區刊發或派發。本通函並不構成於美國或任何其他未有根據任何有關司法權區證券法例登記或合 資格前作出有關提呈、要約或出售則屬不合法的司法權區提呈出售或提呈購買任何證券的要約。倘無登記 或獲適 ...

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。 遠洋集團控股有限公司 （根據香港公司條例在香港註冊成立的有限公司） （股份代號：03377） 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。 遠洋地產寶財I有限公司 遠洋地產寶財I ...

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。 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。 遠洋地產寶財I有限公司 遠洋地產寶財I I有限公司 遠洋地產寶財III有限公司 遠洋地產寶財I V有限公司 （於英屬處女群島註冊成立 ...

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。 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（定義見下文）無意於美國公開發 售任何證券。 遠 洋 集 團 控 股 有 限 公 司 （根據香港公司條例在香港註冊成立的有限公司） （股份代號：03377） 完成 ...

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。 遠洋集團控股有限公司 （股份代號：03377） （根據香港公司條例在香港註冊成立的有限公司） 遠洋地產寶財I有限公司 遠洋地產寶財I I有限公司 遠洋地產寶財III有限公司 本 公 告 僅 供 參 考 用 途，並 不 構 成 收 購、購 買 或 認 購 本 公 司 證 券 之 邀 請 或 要 約，亦 非 在 任 何司法管轄區對任何表決或批准的招攬。 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 ...

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。 本 公 告 僅 供 參 考 用 途，並 不 構 成 收 購、購 買 或 認 購 本 公 司 證 券 之 邀 請 或 要 約，亦 非 在 任 何司法管轄區對任何表決或批准的招攬。 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 ...

Business Overview and Operations - Sino-Ocean Group has approximately 260 real estate projects in various stages of development across China and overseas, including Singapore and Indonesia[7] - As of June 30, 2024, Sino-Ocean Group's land reserves total approximately 34 million square meters[7] - The company's main business segments include residential development, real estate development and operation, property services, and construction services[7] - Sino-Ocean Group's business covers major regions in China, including Beijing, Tianjin, Shanghai, Shenzhen, and Wuhan, among others[7] - The company's major shareholders are China Life Insurance Company Limited and Dajia Life Insurance Co., Ltd[7] - Sino-Ocean Group's registered office is located in Hong Kong, with its main business location in Beijing, China[12] - The company's shares are listed on the Hong Kong Stock Exchange with the stock code 03377.HK[12] - The company's website is www.sinooceangroup.com, and its investor relations department can be contacted at ir@sinooceangroup.com[12] - The company delivered 18,300 residential units in 25 cities during the first half of 2024, maintaining high-quality delivery standards[23] - The company's light asset construction business added a total construction area of over 2.2 million square meters in the first half of 2024, ranking 11th in new contract area[25] - The company's Far Ocean Health Building System has been applied to 145 projects in 51 cities, covering an area of over 27 million square meters as of June 30, 2024[26] - The company's independently developed "Yuan Yang Healthy Building System" has been applied in over 50 cities and 145 projects, covering an area of more than 27 million square meters[92] - 30 projects have completed WELL registration, and 14 projects have officially received WELL final certification[92] - The company has established 23 "Healthy Future Factories" by June 30, 2024, enhancing product and service quality[92] - The company ranked 18th in the "Annual China Real Estate Delivery Power" list and won the "Annual Quality Delivery Real Estate Company" award[92] - The company achieved a carbon reduction of 10,489 tons through the application of self-developed "Low-carbon Concrete Application Technology"[94] - The Beijing CBD Z6 project became China's first ultra-high-rise office building to receive the "Net Zero Carbon Excellence Certification"[94] - The company's "Earth Hour" initiative reached nearly 10 million people, promoting the "Net Zero Emissions by 2050" concept[95] - The company launched the "Yuan Yang Employee Health Care Plan" to improve employee physical and mental health[96] - 64 outstanding projects, individuals, and teams were recognized through the "2023 Golden Sail Award" for promoting sustainable operations[96] - 45 teams, individuals, partners, and suppliers were awarded the "2023 Responsibility Fashion Award" for advancing the "Net Zero Emissions by 2050" plan[96] Financial Performance - Revenue for the first half of 2024 was RMB 13.313 billion, a 36% decrease compared to the same period last year[20] - Gross profit for the first half of 2024 was RMB 297 million, with a gross profit margin of 2%, compared to a gross loss of RMB 125 million in the same period last year[20] - The company's attributable loss for the first half of 2024 was RMB 5.382 billion, with a basic and diluted loss per share of RMB 0.707[20] - Total land reserves as of June 30, 2024, were 34.139 million square meters, a decrease from 36.213 million square meters at the end of 2023[18] - The net debt ratio increased to 650% as of June 30, 2024, up from 438% at the end of 2023[18] - Total contracted sales for the first half of 2024 were RMB 18.33 billion, a significant decrease from RMB 35.66 billion in the same period last year[17] - The company's cash resources decreased to RMB 4.709 billion as of June 30, 2024, from RMB 5.022 billion at the end of 2023[18] - The company's land reserves are distributed across 59 cities in China and overseas, with a total gross floor area of 34.139 million square meters[14] - The company expects continued challenges in the real estate market in the second half of 2024, with a shift towards high-quality development and opportunities in urban renewal and asset management services[21] - The company completed the extension of approximately RMB 18 billion in domestic debt, effectively alleviating repayment pressure[24] - The company achieved a contracted sales amount of approximately RMB 18.33 billion in the first half of 2024[25] - The company's revenue for the first half of 2024 was RMB 13.313 billion, a 36% decrease compared to the same period in 2023[30] - Property development contributed 77% of the company's total revenue in the first half of 2024[30] - The company's total sales cost for the first half of 2024 was RMB 13.016 billion, a decrease from RMB 20.931 billion in the same period in 2023[33] - The company's gross profit for the first half of 2024 was RMB 297 million, with a gross profit margin of 2%[34] - The company's average land cost for property development was approximately RMB 8,400 per square meter, and the average construction cost was approximately RMB 5,800 per square meter in the first half of 2024[33] - Interest and other income decreased by 26% to RMB 353 million in the first half of 2024 (H1 2023: RMB 477 million), primarily due to reduced interest income[35] - Other losses (net) amounted to RMB 479 million in H1 2024 (H1 2023: RMB 1.194 billion), mainly due to fair value losses on financial assets and liabilities and losses from the sale of subsidiary interests[35] - Investment property fair value decreased by RMB 293 million in H1 2024 (H1 2023: increase of RMB 150 million)[36] - Sales and marketing expenses decreased to RMB 282 million in H1 2024 (H1 2023: RMB 572 million), accounting for 1.5% of total contracted sales (H1 2023: 1.6%)[37] - Administrative expenses decreased to RMB 658 million in H1 2024 (H1 2023: RMB 816 million), accounting for 4.9% of total revenue (H1 2023: 3.9%)[37] - Net impairment losses on financial assets decreased to RMB 297 million in H1 2024 (H1 2023: RMB 11.294 billion), mainly due to reduced expected credit loss provisions[38] - Loss attributable to owners of the company decreased to RMB 5.382 billion in H1 2024 (H1 2023: RMB 18.369 billion), driven by reduced impairment provisions and lower losses from joint ventures and associates[43] - Total loans due within 1 year amounted to RMB 58.713 billion, representing 61% of total loans as of June 30, 2024[44] - Total cash resources amounted to RMB 4.709 billion as of June 30, 2024, with 99.5% denominated in RMB[45] - Net debt-to-equity ratio increased to 650% as of June 30, 2024 (December 31, 2023: 438%), primarily due to slower sales recovery and challenging financing conditions in the real estate market[45] - The company's property development business revenue for the first half of 2024 was RMB 10.3 billion, a 41% decrease compared to RMB 17.318 billion in the same period of 2023[52] - The delivered salable floor area decreased by 38% to 755,000 square meters in the first half of 2024 from 1,223,000 square meters in the first half of 2023[52] - The average recorded sales price excluding parking spaces decreased to RMB 15,000 per square meter in the first half of 2024 from RMB 15,900 per square meter in the first half of 2023[52] - The total contracted sales for the first half of 2024 were RMB 18.33 billion, a 49% decrease compared to RMB 35.66 billion in the same period of 2023[56] - The sales floor area decreased by 45% to 1,514,100 square meters in the first half of 2024 from 2,760,900 square meters in the first half of 2023[56] - The average sales price excluding parking spaces decreased by 9% to RMB 13,400 per square meter in the first half of 2024 from RMB 14,700 per square meter in the first half of 2023[56] - The company had approximately 160 salable projects in the first half of 2024, down from 180 in the same period of 2023[56] - Over 89% of the total contracted sales in the first half of 2024 came from first- and second-tier cities[56] - The total guarantee amount for property buyers' mortgage loans before the completion of mortgage registration was RMB 15.499 billion as of June 30, 2024, down from RMB 16.591 billion as of December 31, 2023[49] - The company provided guarantees for loans of joint ventures and third parties amounting to RMB 64.987 billion as of June 30, 2024, up from RMB 63.030 billion as of December 31, 2023[49] - Total contracted sales for the Beijing region reached RMB 8,133 million, with a total salable area of 416,900 square meters and an average selling price of RMB 19,500 per square meter[57] - The total contracted sales for the East China region amounted to RMB 2,180 million, with a total salable area of 195,400 square meters and an average selling price of RMB 11,200 per square meter[58] - The total contracted sales for the South China region were RMB 1,255 million, with a total salable area of 79,750 square meters and an average selling price of RMB 15,700 per square meter[58] - The total contracted sales for the Central China region reached RMB 921 million, with a total salable area of 74,700 square meters and an average selling price of RMB 12,300 per square meter[58] - The total contracted sales for the West China region were RMB 17,952 million, with a total salable area of 1,340,750 square meters and an average selling price of RMB 13,400 per square meter[59] - The company's land reserves decreased to 34,139,000 square meters as of June 30, 2024, with an average land cost of RMB 6,400 per square meter[60] - The total completed gross floor area and salable floor area in the first half of 2024 were 2,684,000 square meters and 2,349,000 square meters, respectively, representing a 5% decrease and a 4% increase compared to the same period in 2023[60] - The company did not acquire any new land in the first half of 2024[60] - The Beijing region's land reserves totaled 5,153,000 square meters, with a salable area of 4,073,000 square meters and an average land cost of RMB 2,891 per square meter[61] - Total gross floor area in the Shijiazhuang region is 431,000 square meters, with 353,000 square meters available for sale[63] - The Taiyuan region has a total gross floor area of 2,228,000 square meters, with 1,339,000 square meters available for sale[63] - The Qinhuangdao region's total gross floor area is 1,438,000 square meters, with 1,243,000 square meters available for sale[63] - The Langfang region's total gross floor area is 2,710,000 square meters, with 1,246,000 square meters available for sale[63] - The Tianjin region's total gross floor area is 6,050,000 square meters, with 4,379,000 square meters available for sale[63] - The Qingdao region's total gross floor area is 592,000 square meters, with 432,000 square meters available for sale[64] - The Jinan region's total gross floor area is 3,543,000 square meters, with 2,913,000 square meters available for sale[64] - The Dalian region's total gross floor area is 2,036,000 square meters, with 1,808,000 square meters available for sale[64] - The Shanghai region's total gross floor area is 1,711,000 square meters, with 993,000 square meters available for sale[64] - The Hangzhou region's total gross floor area is 87,000 square meters, with 73,000 square meters available for sale[64] - Total gross floor area in Nanjing is 447,000 square meters, with salable area of 337,000 square meters and land reserve of 25,000 square meters[65] - Total gross floor area in Suzhou is 938,000 square meters, with salable area of 710,000 square meters and land reserve of 273,000 square meters[65] - Total gross floor area in Wenzhou is 530,000 square meters, with salable area of 300,000 square meters and land reserve of 455,000 square meters[65] - Total gross floor area in Shenzhen is 2,190,000 square meters, with salable area of 1,553,000 square meters and land reserve of 1,669,000 square meters[66] - Total gross floor area in Guangzhou is 839,000 square meters, with salable area of 606,000 square meters and land reserve of 178,000 square meters[66] - Total gross floor area in Foshan is 427,000 square meters, with salable area of 362,000 square meters and land reserve of 244,000 square meters[66] - Total gross floor area in Zhongshan is 1,353,000 square meters, with salable area of 1,171,000 square meters and land reserve of 963,000 square meters[66] - Total gross floor area in Zhanjiang is 612,000 square meters, with salable area of 493,000 square meters and land reserve of 241,000 square meters[66] - Total gross floor area in Sanya is 177,000 square meters, with salable area of 111,000 square meters and land reserve of 74,000 square meters[66] - Total gross floor area in Hong Kong is 9,000 square meters, with salable area of 8,000 square meters and land reserve of 9,000 square meters[66] - Total gross floor area in the Central China region is 7,483 thousand square meters, with 5,018 thousand square meters available for sale[67] - The company holds a 70% equity stake in the Wuhan Han Yang District's "Oriental Realm World View" project, with a total floor area of 1,917 thousand square meters[67] - In the Western China region, the total gross floor area is 1,884 thousand square meters, with 1,363 thousand square meters available for sale[68] - The company has a 100% equity stake in the "Yuan Yang Wan He Shi Jia" project in Guiyang, with a total floor area of 165 thousand square meters[68] - The "Yuan Yang Sen Hai Jing" project in Chengdu has a total floor area of 199 thousand square meters, with 127 thousand square meters available for sale[68] - The company holds a 26.6% equity stake in the "Tian Bo" project in Xi'an, with a total floor area of 462 thousand square meters[68] - In the Central China region, the company's land reserve is 3,609 thousand square meters[67] - The "Yuan Yang Wan He Si Ji" project in Zhengzhou has a total floor area of 43 thousand square meters, with 38 thousand square meters available for sale[67] - The company holds a 69.8% equity stake in the "Yuan Yang Xin Gan Xian" project in Kunming, with a total floor area of 222 thousand square meters[68] - The "Yuan Yang Lu Yue Yuan Jing" project in Hefei has a total floor area of 200 thousand square meters, with 180 thousand square meters available for sale[67] - Total land reserve of the company is 58,116 thousand square meters, with a salable area of 41,736 thousand square meters[69] - Investment property revenue decreased by 8% to RMB 181 million in H1 2024 compared to RMB 197 million in H1 2023[71] - The company holds over 23 operating investment properties with a total leasable area of 3,667,000 square meters, including 21% office space, 49% logistics projects, and 30% commercial and other spaces[71] - The company plans to phase in high-end commercial and office projects by 2026, including the CBD Z6 plot in Beijing's core business district[73] - The company is deepening its development in logistics and data real estate to enhance future investment returns and profitability[73] - Property management and related services revenue decreased by 5% to RMB 1.361 billion in the first half of 2024 compared to RMB 1.440 billion in the same period of 2023[74] - Total contracted building area for property management services reached 133.6 million square meters, covering 83 cities across 27 provinces, autonomous regions, and municipalities in China[74] - Total managed building area stood at 100.1 million square meters, with 501 managed property projects, including 325 residential communities, 65 commercial properties, and 111 other properties[74] - The weighted average interest rate for the company's loans decreased by 19 basis points to 5.59% in the first half of 2024[77] - Approximately 40% of the company's loans are denominated in HKD and USD, exposing the company to currency exchange rate fluctuations[78] - The company's total number of employees decreased to 12,798 as of June 30, 2024, from 13,942 at the end of 2023, primarily due to streamlining of development-related personnel[79] - Employee compensation expenses

Financial Performance - Total revenue for the first half of 2024 was RMB 13.313 billion, a decrease of 36% compared to RMB 20.807 billion in the same period last year[5]. - Gross profit for the first half of 2024 was RMB 297 million, with a gross profit margin of 2%, compared to a gross loss of RMB 125 million and a gross loss margin of 1% in the first half of 2023[3]. - The company reported a net loss attributable to shareholders of RMB 5.382 billion, a reduction of 71% year-on-year, with a basic and diluted loss per share of RMB 0.707[2]. - Total sales cost for the reporting period was RMB 13.016 billion, down from RMB 20.931 billion in the first half of 2023[7]. - The company recorded a net loss of RMB 5.382 billion, a reduction from RMB 18.369 billion in the first half of 2023, primarily due to lower impairment provisions[10]. - The company reported a total comprehensive loss of CNY 5,807,583 for the period, compared to CNY 18,617,854 in the previous year, showing a significant reduction in comprehensive losses[39]. - The company reported a net loss before tax of RMB 5,747,124,000 for the first half of 2024, compared to a loss of RMB 17,916,126,000 in the same period of 2023, showing an improvement of approximately 68%[62]. - The company recorded a net loss of approximately RMB 5.32 billion for the period, raising concerns about its ongoing viability[85]. Market Conditions - The real estate market in China continued to be sluggish, with total commercial housing sales area of approximately 480 million square meters, a decrease of 19% year-on-year, and residential sales area down by 21.9%[4]. - The company anticipates ongoing challenges in the real estate market in the second half of 2024, with risks and challenges persisting in the industry[4]. - The company’s other real estate-related businesses, including construction services and data real estate, experienced significant revenue declines in the first half of 2024 due to the overall downturn in the real estate market[6]. - The total funds available to real estate development companies were approximately RMB 5.4 trillion, a decrease of 22.6% year-on-year[4]. - The group is facing liquidity pressure as internal funds are gradually shrinking, and external financing channels for construction projects are limited[47]. Revenue Breakdown - The company’s property development business contributed 77% to total revenue, with revenue from different regions being 9% from Beijing, 18% from the Bohai Rim, 38% from East China, 15% from South China, 13% from Central China, and 7% from West China[5]. - The group's revenue from property development for the first half of 2024 was RMB 10.3 billion, a decrease of approximately 41% compared to RMB 17.32 billion in the same period of 2023[15]. - The total contracted sales amount for the group and its joint ventures for the first half of 2024 was RMB 18.33 billion, down approximately 49% from RMB 35.66 billion in the same period of 2023[18]. - The average selling price for the first half of 2024 decreased by approximately 9% to RMB 13,400 per square meter, compared to RMB 14,700 per square meter in the first half of 2023[18]. - The total sales amount excluding parking spaces was RMB 17,952 million, with a total saleable floor area of approximately 1,340,750 square meters and an average selling price of RMB 13,400 per square meter[21]. Debt and Restructuring - The company announced a comprehensive debt management proposal on July 18, 2024, covering existing offshore debt instruments with an outstanding principal amount of approximately $5.636 billion[34]. - The company has suspended payments on its offshore debt obligations as part of the restructuring process, effective from September 15, 2023[33]. - The company is currently implementing the restructuring procedures as outlined in the restructuring support agreement and will provide further updates to shareholders and investors[34]. - The company is actively working to fulfill the debt repayment arrangements as per the approved extension proposals for the relevant bonds[36]. - The company has initiated an offshore debt restructuring process as of September 15, 2023, and has suspended payments on all offshore debts[46]. Assets and Liabilities - Total assets as of June 30, 2024, were CNY 139,226,114, down from CNY 146,013,756 at the end of 2023, reflecting a decrease of about 4.6%[40]. - The company's non-current assets amounted to CNY 52,452,422, a decrease from CNY 60,158,570 at the end of 2023, indicating a decline of approximately 12.5%[40]. - The total liabilities as of June 30, 2024, were RMB 83,375,324 thousand, a slight decrease from RMB 87,186,560 thousand at the end of 2023, showing a decline of around 4%[61]. - The total current liabilities amounted to RMB 139.64 billion, a decrease from RMB 154.47 billion as of December 31, 2023, reflecting a reduction of approximately 9.6%[41]. - The total non-current liabilities increased to RMB 41.71 billion from RMB 30.92 billion, representing a rise of approximately 34.9%[41]. Corporate Governance - The company confirmed compliance with the independence requirements as per listing rules[98]. - The board expressed gratitude to Mr. Jin for his contributions during his tenure[98]. - The company is committed to maintaining high standards of corporate governance as outlined in its organizational rules[104]. - The board's composition reflects a balance of executive and independent non-executive directors to ensure effective oversight[106]. - The company will continue to adhere to the listing rules and corporate governance standards set by the Hong Kong Stock Exchange[105].

Company Overview - Sino-Ocean Group has a land reserve of approximately 36 million square meters as of December 31, 2023[8]. - The company operates in major cities and urban clusters in China, including Beijing, Tianjin, and Shanghai, among others[8]. - The strategic vision focuses on becoming a comprehensive industrial company centered on residential development and related new businesses[8]. - The company has expanded its business footprint to overseas markets, including Singapore and Indonesia[8]. - Sino-Ocean Group emphasizes "craftsmanship in user service" as part of its operational strategy[8]. - The company is involved in various sectors, including property services, logistics real estate, and real estate funds[8]. - The management team includes experienced executives, with Li Ming serving as the Chairman and CEO[9]. - The company has established a unique advantage in the light-asset construction sector[8]. - Sino-Ocean Group is committed to sustainable development and creating social value[8]. - The company has received multiple awards and recognitions for its performance and contributions[8]. Financial Performance - The company's revenue for the year 2023 was RMB 46.459 billion, an increase of approximately 1% compared to the previous year[30]. - The gross profit for 2023 was RMB 1.183 billion, a decrease of about 50% year-on-year, resulting in a gross margin of 3% (down from 5% in 2022)[30]. - The net loss attributable to the company for 2023 was RMB 21.097 billion, with basic and diluted loss per share at RMB 2.770, reflecting an 11% increase in loss per share compared to the previous year[19][30]. - The total assets of the company decreased to RMB 206.172 billion from RMB 242.966 billion in the previous year[20]. - The company's liquidity ratio dropped to 0.95 from 1.38, indicating a decline in short-term financial health[21]. - The net gearing ratio increased significantly to 438% from 196%, highlighting increased financial leverage and risk[21]. - The total contracted sales amount for the group in 2023 was approximately RMB 50.53 billion, a decrease from RMB 100.29 billion in 2022[40]. - The total area sold in 2023 was approximately 4,288,900 square meters, down from 6,154,000 square meters in 2022[40]. - The group recorded a net loss attributable to shareholders of RMB 21.10 billion in 2023, compared to a loss of RMB 19.04 billion in 2022[40]. Market Conditions - The real estate market in China saw a total sales area of approximately 1.12 billion square meters in 2023, a year-on-year decrease of 8.5%[31]. - The company anticipates continued challenges in the real estate market in the short term, with demand expected to stabilize or decline slightly[31]. - The average land cost for property development increased from approximately RMB 5,700 per square meter in 2022 to RMB 6,500 per square meter in 2023[45]. - The average recognized sales price per square meter increased to approximately RMB 14,400 in 2023, up from RMB 13,400 in 2022, driven by more projects in first-tier and core second-tier cities[66]. Operational Strategies - The company is actively pursuing debt restructuring and liquidity improvement measures, including asset disposals and cost control[34]. - The group plans to continue its light-asset transformation and explore sustainable development opportunities in 2024[37]. - The group aims to maintain high-quality delivery and enhance cash flow stability while addressing domestic and international debt management[37]. - The company is focusing on market expansion in Yangzhou, with projects like "Meiju Life Plaza" and "Tianbo" contributing to a total area of 548,000 square meters[94]. Sustainability Initiatives - Sino-Ocean Group is committed to a "net zero" plan by 2050, focusing on both corporate and societal dimensions[128]. - The company continues to enhance its sustainable development strategy, updating its policies to better regulate sustainability efforts[126]. - The company has been recognized as a "Carbon Neutral Benchmark Enterprise" in the real estate industry[128]. - The health building system has been applied in 145 projects across 51 cities, covering over 27 million square meters as of December 2023[127]. - The company organized low-carbon activities that reached over 22 million people throughout the year[128]. Employee and Governance - The group had a total of 13,942 employees as of December 31, 2023, an increase from 13,428 employees in 2022, primarily due to the expansion of customer service operations[112]. - Employee compensation expenses decreased by approximately 9% to RMB 2.441 billion in 2023, down from RMB 2.684 billion in 2022[112]. - The board of directors emphasized the importance of corporate governance and compliance, with plans to enhance transparency and accountability measures[145]. - The company has implemented several plans and measures to ensure sufficient cash resources for ongoing operations and to meet financial obligations due within the next eighteen months[114]. Future Outlook - The company provided a positive outlook for 2024, projecting a revenue growth of 12% to 11.2 billion HKD, driven by new product launches and market expansion strategies[144]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[141]. - The company is focusing on sustainability initiatives, with a commitment to reduce carbon emissions by 40% by 2025, aligning with global environmental standards[142].

智通财经APP获悉，内房股普遍走低，截至发稿，远洋集团(03377)跌5.2%，报0.237港元；新城发展 (01030)跌4.21%，报0.91港元；万科企业(02202)跌3.46%，报3.63港元；世茂集团(00813)跌3.28%，报 0.295港元。 东方金诚研报指出，4月1-16日30大中城市日均商品房销售套数为1939套，楼市景气度依然偏低，居民 整体观望情绪较浓。该行认为，后续为修复居民购房信心，供需两端政策仍待持续发力，其中下调首套 及二套房贷利率下限、下调公积金贷款利率等影响购房成本的政策仍是核心，将对后续楼市走向起到关 键作用。 ...