Financial Performance - For the year ended December 31, 2025, confirmed revenue was RMB 2.062717 billion, a decrease of 26.0% compared to RMB 2.787231 billion in the same period of 2024[2]. - The company reported a negative gross profit of RMB 2.91 million for 2025, a decline of 100.7% from a gross profit margin of 14.5% in 2024 to -0.1% in 2025[2]. - Net loss increased from RMB 2.324987 billion in 2024 to RMB 3.079853 billion in 2025[3]. - Basic loss per share attributable to ordinary equity holders was RMB 119.03 cents, compared to RMB 90.37 cents in 2024[3]. - The board declared no final dividend for the year ended December 31, 2025[2]. - The company reported a total loss before tax of RMB 3,172,295,000 for the fiscal year 2025, compared to a loss of RMB 2,313,636,000 in 2024, reflecting an increase in losses[27]. - The company reported a net loss attributable to ordinary equity holders of RMB 3,075,821,000 for the year ended December 31, 2025, compared to a loss of RMB 2,335,106,000 in 2024[39]. - The group recorded a pre-tax loss of RMB 3.1723 billion in the current year, compared to a pre-tax loss of RMB 2.31364 billion in 2024, with net loss increasing from RMB 2.32499 billion to RMB 3.07985 billion[99]. Assets and Liabilities - Total non-current assets decreased from RMB 20.649343 billion in 2024 to RMB 18.492710 billion in 2025[6]. - Total current assets decreased from RMB 13.230643 billion in 2024 to RMB 12.115434 billion in 2025[6]. - Total liabilities decreased slightly from RMB 26.479011 billion in 2024 to RMB 26.287437 billion in 2025[7]. - The company's total equity attributable to owners decreased from RMB 7.400975 billion in 2024 to RMB 4.320707 billion in 2025[7]. - The company's total liabilities reached RMB 79,662,944,000, with the property development segment contributing RMB 44,714,915,000[27]. - As of December 31, 2025, the group's current liabilities exceeded current assets by RMB 12,320,753,000[13]. - The total overdue borrowings amounted to RMB 6,517,634,000, with RMB 1,579,510,000 owed to the settlement party as of December 31, 2025[13][14]. - The group had bank loans totaling RMB 11,535,353,000, slightly down from RMB 11,670,884,000 in 2024, with interest rates ranging from 3.50% to 12.00%[49]. - The group’s total other loans included priority notes with a book value of RMB 1,813,566,000, which constituted a default event[52]. - The total amount of loans that remain unpaid as of December 31, 2025, is RMB 4,963,172,000, which may require immediate repayment if demanded by lenders[130]. Cash Flow and Financing - The group is actively negotiating with lenders to avoid immediate repayment demands and to secure new financing sources[16]. - The group plans to accelerate the pre-sale and sale of properties under development to improve cash flow[22]. - The group is seeking opportunities to sell certain assets at reasonable prices to generate cash inflow and alleviate liquidity pressure[22]. - The company has implemented several plans to alleviate liquidity pressure and improve financial conditions, focusing on debt management and risk mitigation[56]. - The group is implementing measures to enhance cash flow management, including sales acceleration, debt collection, and cost control, although results may take time to materialize[138]. - The company is actively negotiating with banks and financial institutions regarding future financing arrangements and is seeking alternative financing sources[130]. - The company has engaged in discussions with Andoufang regarding debt resolution, although no effective proposals have been formed yet[136]. - The company’s cash flow forecasts have been considered in assessing the adequacy of working capital needs for at least the next twelve months[135]. Market Conditions and Business Operations - The real estate industry in China faced significant adjustments and challenges, with a prolonged sales cycle and downward price pressure impacting overall market conditions[58]. - The overall market remains under pressure with slow recovery in demand and high inventory levels, indicating a challenging environment for the real estate sector[74]. - The company is focusing on asset revitalization, debt risk control, sales recovery, and project construction as core tasks to navigate the current market difficulties[72]. - The company aims to stabilize existing operations and improve rental rates by establishing dedicated customer liaison mechanisms and addressing diverse demands from key clients[71]. - The company plans to enhance operational strategies to address market challenges and improve cash flow through optimized sales channels and dynamic pricing systems[72]. Legal and Compliance Issues - The company is obligated to pay approximately USD 108 million related to a put option as per the final arbitration ruling[116]. - The total payment obligation to the claimant was reduced to USD 175 million under a settlement agreement[117]. - The company has not fulfilled all payment obligations under the settlement agreement as of the announcement date[118]. - The company was ordered to pay approximately RMB 296.6 million due to bribery-related charges against its subsidiary[123]. - The subsidiary Dalian Shengbei failed to repay a loan of approximately RMB 194 million, leading to enforcement actions by the creditor[124]. - The company is involved in a legal case where it is required to repay approximately RMB 482 million in principal and related interest, totaling about RMB 612 million by September 21, 2025[125]. - Another legal case involves a claim for RMB 294 million in principal from three defendants, with additional penalties and interest until actual repayment[126]. - The company has faced multiple breaches of loan agreements due to liquidity issues and the detention of a former executive, impacting several loan covenants[127]. Operational Highlights - The group successfully delivered approximately 183,000 square meters of projects in Dalian and Zhengzhou, fulfilling its commitment to deliver properties despite market challenges[59]. - The company recorded a new leasing area of approximately 23,200 square meters in the Dalian Software Park, but faced a reduction of about 71,200 square meters due to client business adjustments[70]. - The total constructed area of the business parks held by the company is approximately 1.929 million square meters, with a leasable area of about 1.368 million square meters[69]. - The business park operations generated revenue of approximately RMB 171 million, a year-on-year decrease of 18.1% due to reduced client business operations[78]. - The construction, decoration, and landscaping business recorded revenue of approximately RMB 294 million, an increase of 12.9% year-on-year, attributed to increased construction output[79]. Employee and Governance - The group had a total of 289 full-time employees as of December 31, 2025, a decrease from 348 employees in 2024[107]. - The audit committee has reviewed and approved the annual performance, focusing on cash flow forecasts and plans to alleviate liquidity pressure[141]. - The audit committee consists of three independent non-executive directors, ensuring compliance with listing rules[140].

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。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 董事會會議日期 億達中國控股有限公司（「本公司」）董事會（「董事會」）謹此公佈，本公司將於二 零二六年三月三十一日（星期二）舉行董事會會議，藉以（其中包括）考慮及（如認 為適當）批准本公司及其附屬公司（「本集團」）截至二零二五年十二月三十一日止 年度之全年業績及其發佈，並考慮建議派發末期股息（如有）。 承董事會命 億達中國控股有限公司 主席兼行政總裁 姜修文 香港，二零二六年三月十八日 於本公告日期，執行董事為姜修文先生及袁文勝先生，非執行董事為盧劍華先 生、王剛先生及蔣倩女士，獨立非執行董事為郭少牧先生、陳貽川先生及唐永智 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。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 二零二六年二月未經審核營運數據 億達中國控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及附屬公司 （「本集團」）就二零二六年二月的若干未經審核營運數據統計如下： 1 • 於二零二六年二月，本集團的合約銷售金額約為人民幣0.07億元及本集團的 權益合約銷售金額約為人民幣0.07億元。同期，本集團的銷售面積為489平 方米及權益銷售面積為489平方米，本集團的銷售均價約為每平方米人民幣 13,784元及權益銷售均價約為每平方米人民幣13,784元。 • 截至二零二六年二月二十八止兩個月，本集團的合約銷售金額約為人民幣 0.18億元及本集團的權益合約銷售金額約為人民幣0.18億元。同期，本集團 的銷售面積為1,404平方米及權益銷售面積為1,404平方米，本集團的銷售 ...

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。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 內幕消息 根據上市規則第13.19條作出有關違反貸款協議之披露 本公告乃億達中國控股有限公司（「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第13.09(2)條及第13.19條及香港法例第 571章證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 觸發交叉違約 誠如公司二零二五年中期報告所披露，截至二零二五年六月三十日，本集團未能 按約定的還款日期償還人民幣6,444,986,000元借款的本金、利息及同意費（「借款 逾期」）。若干違約事件以及借款逾期導致本集團於二零二五年六月三十日總額為 人民幣5,106,826,000元借款（除借款逾期外）（「觸發違約金額」）若貸款人提出要求 需立即還款。 截至二零二六年二月 ...

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。 YIDA CHINA HOLDINGS LIMITED 內幕消息 根據上市規則第13.19條作出有關違反貸款協議之披露 本公告乃億達中國控股有限公司（「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第13.09(2)條及第13.19條及香港法例第 571章證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 億達中國控股有限公司 有關違反貸款協議 （於開曼群島註冊成立的有限公司） 於二零一七年五月，渤海國際信託股份有限公司（「渤海信託」）（作為債權人）與 本公司間接全資附屬公司大連高基房地產開發有限公司（「高基公司」）簽署信託資 金貸款合同，合同約定貸款總金額為人民幣16億元。合同簽訂後，經數次放款、 還款及合同變更後，剩餘貸款本金人民幣4.98億元，到期日為二零二五年五月二 日，貸款利率為4%。擔保措施：(i)高基公司及本公司附屬公司大連藍灣房地產開 ...

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2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 億達中國控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 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) | 03639 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | | 0.01 USD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 50,000,000,000 | USD | | 0.01 USD | | 500,000,000 | 第 2 頁 共 10 頁 v 1.2.0 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report On February 3, the overall capital market remained stable; the bond market was mainly fluctuating, with short - term bonds being weak and medium - and long - term bonds being slightly strong; the main indexes of the convertible bond market rose collectively, and most convertible bond issues increased; the yields of U.S. Treasury bonds of different maturities showed divergent trends, and the yields of 10 - year government bonds of major European economies generally increased [1][2]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: On February 3, the 2026 Central No. 1 Document was released, proposing reforms in rural collective property rights, support for new rural collective economies, and measures to control village - level debt. The central bank will conduct an 800 billion yuan 3 - month term buy - out reverse repurchase operation on February 4, resulting in a net investment of 100 billion yuan. The central bank Shanghai Head Office emphasized continuous financial reform and opening - up, and promoted free - trade zone financial reform [4][5]. - **International News**: On February 3 (local time), the U.S. House of Representatives passed a government funding bill, and the partial government shutdown is expected to end. However, the U.S. Department of Homeland Security only has funds until February 13, and there is still a risk of a more limited funding shortage [7]. - **Commodities**: On February 3, international crude oil and natural gas futures prices rose. WTI March crude oil futures rose 1.72% to $63.21 per barrel, Brent April crude oil futures rose 1.56% to $67.33 per barrel, COMEX gold futures rose 6.94% to $4975.30 per ounce, and NYMEX natural gas prices rose 3.49% to $3.377 per ounce [8]. 3.2 Capital Market - **Open - Market Operations**: On February 3, the central bank conducted a 7 - day reverse repurchase operation of 105.5 billion yuan at a fixed interest rate of 1.40%. With 402 billion yuan of reverse repurchases maturing on the same day, the net withdrawal of funds was 296.5 billion yuan [10]. - **Funding Rates**: On February 3, the capital market was generally stable. DR001 decreased by 4.76bp to 1.371%, and DR007 increased by 0.66bp to 1.497%. Other funding rates also showed different degrees of change [11][12]. 3.3 Bond Market Dynamics - **Interest - Rate Bonds**: On February 3, the bond market fluctuated, with short - term interest - rate bonds being weak and medium - and long - term bonds being slightly strong. As of 20:00 Beijing time, the yield of the 10 - year Treasury bond active bond 250016 decreased by 0.40bp to 1.8110%, and the yield of the 10 - year China Development Bank bond active bond 250215 remained unchanged at 1.9580%. Multiple bonds were issued on the same day, with different issuance scales, winning bid yields, and multiples [14][15]. - **Credit Bonds**: On February 3, there were no credit bond transactions with a price deviation of more than 10%. Several companies had credit - related announcements, including debt repayment difficulties, litigation, debt restructuring, and issuance cancellations [16][18]. - **Convertible Bonds**: On February 3, the A - share market rose, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising 1.29%, 2.19%, and 1.86% respectively. The main indexes of the convertible bond market also rose collectively. The trading volume of the convertible bond market was 97.548 billion yuan, an increase of 12.465 billion yuan from the previous trading day. Most convertible bond issues increased. Tomorrow (February 5), Haitian Convertible Bonds will start online subscriptions, and Shangtai Convertible Bonds will be listed [18][19][23]. - **Overseas Bond Markets**: - **U.S. Bond Market**: On February 3, the yields of U.S. Treasury bonds of different maturities showed divergent trends. The 2 - year U.S. Treasury bond yield remained unchanged at 3.57%, and the 10 - year U.S. Treasury bond yield decreased by 1bp to 4.28%. The 10 - year inflation - protected Treasury bond (TIPS) break - even inflation rate increased by 1bp to 2.36% [22][24][25]. - **European Bond Market**: On February 3, the yields of 10 - year government bonds of major European economies generally increased. The 10 - year German government bond yield increased by 2bp to 2.89%, and the yields of 10 - year government bonds of France, Italy, Spain, and the UK increased by 1bp, 1bp, 2bp, and 1bp respectively [26]. - **Chinese - Issued U.S. Dollar Bonds**: As of the close on February 3, the prices of Chinese - issued U.S. dollar bonds showed different degrees of change, with some rising and some falling [28].

Group 1: Domestic News - The 2026 Central Document was released, focusing on agricultural modernization and rural revitalization, emphasizing the need for reforms in rural collective property rights and controlling new village-level debts [2] - The document encourages the use of special bonds and long-term treasury bonds to support major projects in agriculture and rural areas, enhancing the effectiveness of financial support for agriculture [2] Group 2: Monetary Policy - The central bank announced an increase in the amount of 3-month reverse repos, conducting an operation of 800 billion yuan, resulting in a net injection of 100 billion yuan after accounting for maturing repos [3] - The central bank's Shanghai headquarters is actively promoting financial reforms in the free trade zone, aiming to enhance cross-border financial services and the convenience of cross-border RMB business [3] Group 3: International News - The U.S. House of Representatives approved a funding bill to end a partial government shutdown, with a vote of 217 to 214, sending the bill to the President for signature [4] - Despite the approval, a funding shortfall risk remains, particularly for the Department of Homeland Security, which has funding only until February 13 [4] Group 4: Commodity Market - International crude oil prices rose, with WTI crude up 1.72% to $63.21 per barrel and Brent crude up 1.56% to $67.33 per barrel [5] - Gold futures increased by 6.94% to $4975.30 per ounce, while natural gas prices rose by 3.49% to $3.377 per million British thermal units [5] Group 5: Bond Market Dynamics - The bond market showed mixed performance, with short-term bonds weaker and medium to long-term bonds slightly stronger; the yield on the 10-year government bond fell by 0.40 basis points to 1.8110% [9] - The central bank conducted a 7-day reverse repo operation with a total of 1055 billion yuan at a rate of 1.40%, resulting in a net withdrawal of 2965 billion yuan due to maturing repos [6][7] Group 6: Credit Bonds - No credit bonds showed price deviations exceeding 10% on February 3, indicating stable trading conditions in the secondary market [11] - Companies like Zhongjun Group and Yida China are facing financial difficulties, with Zhongjun unable to repay a bond and Yida receiving a lawsuit for debt recovery [11][12] Group 7: Convertible Bonds - The convertible bond market saw a collective rebound, with major indices rising between 2.51% and 2.79%, and trading volume increasing significantly [13] - Notable individual bonds like Baichuan Convertible Bond surged over 17%, while some bonds experienced declines, such as Huazheng Convertible Bond, which fell over 4% [14] Group 8: Overseas Bond Market - U.S. Treasury yields showed mixed movements, with the 10-year yield down 1 basis point to 4.28%, while the 2-year yield remained unchanged at 3.57% [16] - European government bond yields generally increased, with Germany's 10-year yield rising by 2 basis points to 2.89% [18]

本公告乃億達中國控股有限公司（「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第13.09條及香港法例第571章證券及期 貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 茲提述本公司日期為二零二五年十二月三十一日之公告（「該公告」）。除另有界定 外，本公告所用詞彙與該公告所界定者具有相同涵義。 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。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 內幕消息 訴訟公告 億達中國控股有限公司 主席兼行政總裁 訴訟 誠如該公告所披露，本公司附屬公司大連聖和、大連榮達未能按照債務重組協議 約定期限償還貸款。日前，本公司附屬公司收到上海市黃浦區人民法院送達的長 城資管（「原告」）訴大連聖和（「被告一」）、大連榮達（「被告二」）及億達發展（「被 告三」）的《民事起訴狀》。原告訴請判令： ...

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 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 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) | 03639 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | | 0.01 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 50,000,000,000 | USD | | 0.01 | USD | | 500,000,000 | 本月底法定/註冊股本總額： USD 500,000,000 第 1 頁 共 10 頁 v 1.2.0 FF301 致： ...