Group 1 - Hong Kong's property stocks saw gains in the afternoon session, with notable increases in several companies [1] - Agile Group (03383.HK) rose by 8%, trading at HKD 0.27 [1] - Shimao Group (00813.HK) increased by 6.7%, reaching HKD 0.207 [1] - China Overseas Macro Group (00081.HK) experienced a rise of 5.53%, priced at HKD 2.29 [1] - R&F Properties (02777.HK) saw a gain of 4.08%, trading at HKD 0.51 [1]

Group 1 - The core viewpoint of the articles indicates a rising interest in the real estate sector, with several property stocks experiencing significant gains in the afternoon trading session [1] - A report from Ping An Securities highlights that the market's previous low expectations for sales in early 2026 have shifted, as the Iceberg Index shows a substantial month-on-month increase in second-hand home transactions in key cities, indicating a resilient market despite the off-peak season [1] - Poly Developments released an earnings forecast this week, alleviating some performance pressure on the sector, while traditional real estate has underperformed the market, suggesting limited downside potential [1] Group 2 - Guosen Securities notes a significant decline in the real estate fundamentals by Q4 2025, but there has been a stabilization in property prices and gradual improvement in fundamentals since late 2025, with policy expectations also rising [2] - The probability of property prices stopping their decline has increased from "impossible" to "possible," and if there is no repeat of the "price for volume" strategy after the Spring Festival, the likelihood of price stabilization could rise to "very likely" [2] - The adjustment in real estate stocks by December 2025 has been substantial, leading to a more optimistic outlook for the sector [2]

Group 1 - Hong Kong property stocks are experiencing significant gains, with major companies showing notable increases in share prices [1] - Agile Group (03383.HK) has risen by 4.84%, trading at 0.325 HKD [1] - R&F Properties (02777.HK) has increased by 3.92%, trading at 0.53 HKD [1] - Sunac China (01918.HK) has seen a rise of 3.45%, with shares priced at 1.2 HKD [1] - Vanke Enterprises (02202.HK) has grown by 2.98%, with a share price of 3.46 HKD [1]

Core Viewpoint - The recent rise in Chinese real estate stocks is attributed to new policy guidance from regulatory authorities regarding financing coordination mechanisms, which allows certain projects on the "white list" to extend loans with original banks [1] Group 1: Stock Performance - Aoyuan Group (03383) increased by 4.84%, trading at HKD 0.325 [1] - R&F Properties (02777) rose by 3.92%, trading at HKD 0.53 [1] - Sunac China (01918) saw a 3.45% increase, trading at HKD 1.2 [1] - Vanke Enterprises (02202) grew by 2.98%, trading at HKD 3.46 [1] Group 2: Policy Developments - Regulatory authorities have issued new policy guidance for the real estate financing coordination mechanism, allowing eligible projects to extend loans with original banks [1] - The article published in "Qiushi" magazine emphasizes improving and stabilizing expectations in the real estate market [1] Group 3: Market Outlook - Guolian Minsheng Securities released a report indicating that the market anticipates continued implementation of real estate policies following positive signals from the Central Economic Work Conference at the end of 2025 and early 2026 [1] - This expectation may lead to a spring rally in the real estate sector [1]

Market Performance - The Hong Kong stock market opened lower and closed with a slight rebound, with the Hang Seng Index down 1.17% at 26,149.31 points, the Hang Seng Tech Index down 1.05% at 5,678.34 points, and the National Enterprises Index down 1.09% at 9,039.34 points [1] - Major tech stocks declined, with Alibaba down 2.26%, Tencent down 1.36%, JD.com down 2.02%, and Meituan down 3.35% [1] - The semiconductor sector saw gains, with Shanghai Fudan up over 5% and Huahong Semiconductor up over 2% [1] - Coal stocks led the gains, with Jinma Energy up over 11% [1] Company News - Xinyi International (00732.HK) reported a cumulative net operating revenue of approximately HKD 16.534 billion for 2025, a decrease of about 7.3% year-on-year [2] - China Overseas Development (00688.HK) reported a cumulative contract property sales amount of approximately RMB 251.231 billion for 2025, down 19.1% year-on-year [2] - Greentown China (03900.HK) reported a total contract sales amount of approximately RMB 251.9 billion for 2025, a decrease of 9% [2] - China Overseas Hongyang Group (00081.HK) achieved a contract sales amount of RMB 2.57 billion for December 2025, down 43.9% year-on-year [3] Strategic Developments - China Carbon Neutrality (01372.HK) signed a tripartite strategic cooperation agreement with China Tower and China Recycled Resources to jointly create a lithium battery circular economy ecosystem [4] - Guofu Hydrogen Energy (02582.HK) entered into a pre-purchase order agreement for hydrogen energy project equipment in Tasmania, Australia [4] - Lijun Pharmaceutical (01513.HK) had its Lecanemab injection included in the priority review and approval process [4] Stock Buybacks - Xiaomi Group (01810.HK) repurchased 3.9 million shares for HKD 149 million at prices between HKD 38.12 and HKD 38.20 [9] - Tencent Holdings (00700.HK) repurchased 1.023 million shares for HKD 636 million at prices between HKD 615.5 and HKD 628 [9] - Geely Automobile (00175.HK) repurchased 3.388 million shares for HKD 59.156 million at prices between HKD 17.38 and HKD 17.65 [10] Institutional Insights - Guolian Securities remains optimistic about the AI value reassessment trend in China, suggesting a focus on platform-based internet companies with computational resources and model capabilities [12] - Guoyuan International notes that the Hong Kong stock market is currently in a relatively flat period, awaiting further catalysts, with potential inflows of new capital following the announcement of the new Federal Reserve Chairman [13] - Qianhai Open Source's Yang Delong predicts that the Hong Kong stock market, including the Hang Seng Index and Hang Seng Tech Index, may regain upward momentum in 2026, driven by capital inflows [13]

Core Viewpoint - Aoyuan disclosed its unaudited operating report for December 2025, indicating a total pre-sale amount of approximately 490 million yuan for real estate projects managed under the Aoyuan brand [1] Group 1: Financial Performance - The total pre-sale amount for December 2025 was approximately 490 million yuan [1] - The corresponding construction area for the pre-sold projects was 52,000 square meters [1] - The average price per square meter for the pre-sold properties was approximately 9,401 yuan [1]

Core Viewpoint - Agile Group (03383) reported a significant decline in pre-sale amounts for its real estate projects, indicating potential challenges in the market and company performance [1] Group 1: Pre-sale Amounts - The total pre-sale amount for Agile Group and its subsidiaries, joint ventures, and projects managed under the "Agile" brand is approximately RMB 490 million for December 2025, representing a year-on-year decrease of 34.67% [1] - The corresponding construction area for the pre-sales is about 52,000 square meters, with an average price of RMB 9,401 per square meter [1] Group 2: Annual Pre-sale Performance - For the 12 months ending December 31, 2025, the total pre-sale amount for the group, including joint ventures and Agile projects, is approximately RMB 8.57 billion, reflecting a year-on-year decrease of 44.75% [1] - The total construction area for these pre-sales is around 939,000 square meters, with an average price of RMB 9,129 per square meter [1]

Core Viewpoint - Agile Group (03383.HK) reported a total presale amount of approximately RMB 4.9 billion for its projects scheduled for December 2025, corresponding to a construction area of about 52,000 square meters, with an average price of RMB 9,401 per square meter [1] Summary by Category Presale Amounts - The total presale amount for the group, including joint ventures and associated companies, is approximately RMB 85.7 billion for the twelve months ending December 31, 2025, corresponding to a construction area of about 939,000 square meters, with an average price of RMB 9,129 per square meter [1]

Core Viewpoint - Agile Group (03383) reported a significant decline in pre-sale amounts for its real estate projects, indicating potential challenges in the market and affecting future revenue projections [1] Group 1: Pre-sale Amounts - The total pre-sale amount for Agile Group and its subsidiaries, joint ventures, and associated companies for the projects branded under "Agile" is approximately RMB 490 million as of December 2025, representing a year-on-year decrease of 34.67% [1] - The corresponding construction area for these pre-sales is about 52,000 square meters, with an average price of RMB 9,401 per square meter [1] Group 2: Annual Pre-sale Performance - For the 12 months ending December 31, 2025, the total pre-sale amount for the group, including joint ventures and associated companies, is approximately RMB 8.57 billion, reflecting a year-on-year decrease of 44.75% [1] - The total construction area for these pre-sales is around 939,000 square meters, with an average price of RMB 9,129 per square meter [1]

（於開曼群島註冊成立的有限公司） （股份代號：3383） 2025 年 12 月 未經審核營運數據 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。 雅居樂集團控股有限公司 香港，2026年1月7日 於本公告日期，董事會由八名成員組成：即陳卓林先生 * （主席兼總裁）、岳元女士 * 、 陳卓雄先生 ** 、陳卓喜先生 ** 、陳卓南先生 ** 、鄺志強先生 # 、許照中先生 # 及彭說龍博 士 # 。 * 執行董事 ** 非執行董事 # 獨立非執行董事 上述數據或會變更並可能與本集團按年度及半年度刊發的經審核及未經審核綜合 財務報表所呈現的數字存有差異。據此，有關數據僅供投資者參考而不作其他目 的。投資者在買賣本公司證券時務須小心謹慎，不可依賴前述已披露信息。投資 者如有任何疑問應向專業人仕或財務顧問徵求意見。 承董事會命 雅居樂集團控股有限公司 公司秘書 高梓燊 雅居樂集團控股有限公司（「本公司」）董事會（「董事會」）僅此公佈，本公 司及其附屬公司（ ...