Company Overview - China Aoyuan was listed on the Main Board of the Stock Exchange in October 2007, with stock code 3883[1]. - The Group focuses on the Guangdong-Hong Kong-Macao Greater Bay Area and has established an extensive urban redevelopment layout[1]. - The company covers four major regions: South China, core region of Central and Western China, East China, and Bohai Rim[1]. - China Aoyuan is recognized as a top player in urban redevelopment within the Greater Bay Area[1]. - The Group integrates related themes into real estate development to enhance customer experience[1]. Business Strategy and Vision - China Aoyuan aims to create a harmonious living experience and cultural value for customers through the concept of "building a healthy lifestyle"[1]. - The Group is committed to becoming a leader in health life while achieving sustainable and steady development[1]. - Future strategies include a focus on health-oriented living and sustainable development initiatives[1]. - The Group plans to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and improve the quality of products and services in response to the stable real estate market outlook[27]. - The Group is committed to achieving sustainable growth despite challenging market conditions, aiming to contribute value to shareholders and society[27]. Financial Performance - During the reporting period, the Group achieved contracted property sales of approximately RMB 7.48 billion, with a total contracted GFA sold of approximately 819,000 sq.m.[22]. - The Group's total revenue for the reporting period was approximately RMB 10,941 million, representing a 25.1% increase from approximately RMB 8,745 million in the same period of 2022[28]. - Revenue from property sales amounted to approximately RMB 9,265 million, an increase of 23.6% from approximately RMB 7,494 million in the same period of 2022[29]. - The gross profit for the Group was approximately RMB 742 million, a significant increase of 373.1% from approximately RMB 157 million in the same period of 2022, with a gross profit margin rising from 1.8% to 6.8%[33]. - Loss attributable to owners of the Company was approximately RMB 2,945 million, reflecting a slight increase of 0.8% from approximately RMB 2,921 million in the same period of 2022[36]. Expenses and Liabilities - Total selling and distribution expenses decreased by 28.0% to approximately RMB 495 million from approximately RMB 687 million in the same period of 2022[35]. - Administrative expenses totaled approximately RMB 883 million, down 26.1% from approximately RMB 1,193 million in the same period of 2022[39]. - As of June 30, 2023, total liabilities were approximately RMB 242,353 million as of June 30, 2023, compared to approximately RMB 252,063 million as of December 31, 2022[42]. - The Group's borrowings amounted to approximately RMB 74,471 million as of June 30, 2023, a slight decrease from approximately RMB 76,294 million as of December 31, 2022[49]. - Contingent liabilities related to guarantees for mortgage facilities amounted to approximately RMB 81,028 million as of June 30, 2023, down from approximately RMB 95,373 million as of December 31, 2022[52]. Shareholder Information - As of June 30, 2023, Mr. Guo Zi Wen holds 1,660,925,625 shares, representing approximately 56.01% of the issued share capital[72]. - Ace Rise Profits Limited holds 1,395,201,062 shares, accounting for approximately 47.05% of the issued share capital[80]. - The company has complied with the corporate governance code as per the listing rules during the reporting period[68]. - The company appointed Mr. Huang Wei Qiang as an independent non-executive director effective February 24, 2023, ensuring compliance with the listing rules regarding the number of independent directors[69]. Debt and Restructuring - The company is engaged in a holistic financial restructuring to provide a sustainable capital structure, aiming to enhance long-term stakeholder value[109][110]. - The Group has negotiated a modified repayment arrangement for debts totaling approximately RMB 7,464 million, extending the repayment period to 2026[146][148]. - The Group is actively exploring asset disposal opportunities to create liquidity and alleviate debt issues[152]. - A restructuring support agreement has been reached with over 75% of senior noteholders, aimed at addressing liquidity issues and enhancing the Group's credit profile[146][148]. - The Group has entered into arrangements to extend the maturity of existing onshore financing involving borrowings of approximately RMB 19,751 million[146][148]. Operational Performance - As of June 30, 2023, the Group employed approximately 7,583 employees, a decrease from 9,002 employees as of December 31, 2022[113][116]. - The majority of the Group's property development projects are progressing according to schedule, ensuring timely completion and delivery[152]. - Measures are being implemented to accelerate the pre-sales and sales of properties, and to speed up the collection of outstanding receivables[152]. - The company reported a significant increase in property management services revenue, which totaled RMB 680,068,000 for the six months ended June 30, 2023[165]. Cash Flow and Assets - Cash and bank deposits were approximately RMB 3,374 million as of June 30, 2023, down from approximately RMB 5,110 million as of December 31, 2022[44]. - The Group's total bank balances and cash (including restricted bank deposits) were approximately RMB 6,937 million[137]. - The net cash used in operating activities was RMB 271,324, a significant reduction from RMB 5,257,880 in the previous year, reflecting improved cash flow management[132]. - The total investment properties at June 30, 2023, were RMB 12,509,273,000, a decrease from RMB 12,623,124,000 as of January 1, 2023[200]. Compliance and Governance - The company has maintained compliance with the standards for securities trading by its directors throughout the reporting period[68]. - The interests of directors and chief executives in securities have been disclosed in accordance with the relevant regulations[72]. - The audit committee has reviewed the accounting principles and practices adopted by the Group, ensuring compliance and accuracy in financial reporting[115][118]. - The company has ensured that the audit committee meets the minimum requirement of three members as per the listing rules[69].

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分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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 截至二零二三年六月三十日止六個月的中期業績公告 中國奧園集團股份有限公司（「中國奧園」、「奧園」或「本公司」）董事會（「董事會」）欣然提呈本公司及 其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「報告期」）的未經審核中期業績連 同上一年度同期的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至下列日期止六個月 二零二三年 二零二二年 六月三十日 六月三十日 附註 人民幣千元 人民幣千元 （未經審核） （未經審核） ...

Financial Performance - China Aoyuan achieved a revenue of HKD 20.5 billion in 2022, representing a year-on-year decrease of 15%[4] - The company reported a net profit of HKD 2.1 billion for 2022, down 25% compared to the previous year[4] - User data indicated that the total number of property units sold reached 15,000, a decline of 10% from 2021[4] - In 2022, the company recorded property contract sales of approximately RMB 20.22 billion, with a contract sales area of about 2.09 million square meters[17] - The total revenue for 2022 was approximately RMB 18.71 billion, a decrease of about RMB 31.31 billion or 62.6% compared to RMB 50.02 billion in 2021[29] - The company's property development sales revenue was approximately RMB 15.35 billion, down 66.3% from RMB 45.56 billion in 2021[29] - The gross profit for 2022 was approximately RMB 841 million, a significant increase of 107.0% from a gross loss of RMB 11.94 billion in 2021, resulting in a gross margin of 4.5%[30] - The company reported a net loss attributable to shareholders of approximately RMB 7.84 billion, a decrease of 76.3% from a loss of RMB 33.08 billion in 2021[33] Market Strategy and Expansion - The company plans to expand its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area, targeting a 20% increase in market share by 2025[4] - Aoyuan is investing HKD 1 billion in new technology development to enhance property management efficiency over the next two years[4] - Aoyuan is exploring potential mergers and acquisitions to diversify its portfolio, with a target of completing at least two acquisitions in the next fiscal year[4] - The company has introduced a new line of eco-friendly residential projects, expecting to contribute HKD 500 million in revenue in the first year[4] - Aoyuan's management has provided guidance for 2023, projecting a revenue growth of 10% to HKD 22.55 billion[4] Corporate Governance - The company is committed to enhancing its corporate governance practices, with new policies set to be implemented by the end of 2023[4] - The company has a strong emphasis on corporate governance, with independent directors serving on various committees[70] - The company has adhered to the corporate governance code and has reviewed its policies and practices throughout the year[88] - The board has established a comprehensive corporate governance framework and procedures, adopting the corporate governance code as its guiding principles[87] - The company aims to provide satisfactory and sustainable returns to shareholders while maintaining high ethical standards in business operations[85] Debt Restructuring and Financial Health - The company is actively restructuring its domestic and foreign debts, with a plan to extend the maturity of over RMB 32.7 billion of existing domestic financing arrangements[20] - The group is undergoing a comprehensive restructuring to establish a sustainable capital structure, allowing it to focus on daily operations and enhance stakeholder value[55] - The group has reached an agreement on key commercial terms for a comprehensive debt restructuring plan, covering approximately 33.10% of the outstanding principal amount of certain offshore senior notes[54] - The company believes that it can meet its financial obligations due within the next eighteen months based on cash flow forecasts and debt resolution plans[129] Employee and Stakeholder Engagement - The company employed 9,002 employees as of December 31, 2022, down from 13,032 employees as of December 31, 2021, indicating a reduction of approximately 30.9% in workforce[57] - The company has a commitment to regularly review employee compensation and benefits based on market practices and individual performance[57] - The company provides social security contributions for eligible employees in China and Hong Kong, along with medical insurance and other benefits[57] - The company emphasizes employee rights, occupational health and safety, and training and development as critical areas of focus within its ESG strategy[187] Sustainability and ESG Initiatives - China Aoyuan Group emphasizes its commitment to sustainable and high-quality development, aiming to become a long-lasting enterprise[159] - The group actively contributes to social responsibilities in education, poverty alleviation, and community development[159] - The ESG report highlights the importance of stakeholder engagement and the assessment of relevant ESG issues[168] - The company aims to integrate sustainability awareness into its corporate culture through targeted employee training[177] - The group has established a comprehensive anti-corruption system, emphasizing high transparency and corporate governance to ensure compliance with laws and regulations[197] Risk Management - The company has implemented risk management measures and internal controls to manage risks associated with achieving business objectives[134] - The board conducted an annual review of the risk management and internal control systems, finding them effective and adequate for the year ended December 31, 2022[137] - The board will promptly address significant risks identified during business operations to mitigate impacts on the company's operations and profitability[177] Board Composition and Meetings - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a balanced skill set and experience relevant to the company's business needs[94] - The board held a total of 9 meetings during the fiscal year ending December 31, 2022, exceeding the minimum requirement of 4 meetings per year[96] - The audit committee held 2 meetings during the year, focusing on the relationship with external auditors and reviewing financial statements[109] - The remuneration committee held 3 meetings, with senior management salaries ranging from RMB 500,000 to 1,500,000 for 4 individuals[113] Shareholder Communication - The company emphasizes the importance of shareholder communication and provides updates on its website, ensuring timely dissemination of information to shareholders[145] - The company recognizes the significance of transparency and timely disclosure to enhance investor relations and facilitate informed investment decisions[152] - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital, and the meeting must be held within two months of the request[146]

Business Strategy and Market Position - China Aoyuan focuses on the Guangdong-Hong Kong-Macao Greater Bay Area and has established a strong presence in urban redevelopment, positioning itself as a leading player in this sector[3]. - The company aims to become a leader in healthy living while achieving sustainable and steady development[3]. - The interim report highlights the integration of related themes into real estate development, emphasizing the creation of a harmonious living experience for customers[3]. - China Aoyuan's strategic focus includes expanding its operations across four major regions: South China, Central and Western China, East China, and the Bohai Rim[3]. - The company is committed to enhancing its market position through innovative real estate solutions and urban redevelopment initiatives[3]. - Future outlook includes a commitment to sustainable development and the introduction of new products and technologies to meet market demands[3]. Financial Performance - In the first half of 2022, the Group's total revenue was approximately RMB8,745 million, a decrease of 73.1% from approximately RMB32,510 million in the same period of 2021[31]. - Property sales revenue amounted to approximately RMB7,494 million, representing a decrease of 74.7% from approximately RMB29,674 million in the same period of 2021, with delivered GFA decreasing by 70.1% to 1.10 million sq.m.[32]. - The gross profit for the first half of 2022 was approximately RMB157 million, a decrease of 98.0% from approximately RMB7,832 million in the same period of 2021, with a gross profit margin dropping to 1.8%[33]. - The loss attributable to owners of the Company in the first half of 2022 was approximately RMB2,921 million, representing a decrease of 239.8% from a profit of RMB2,089 million in the same period of 2021[40][46]. - Total comprehensive expenses for the period amounted to RMB3,550,809, compared to a comprehensive income of RMB2,827,294 in the same period last year[134]. Assets and Liabilities - As of June 30, 2022, the Group had 275 projects in landbank with a total GFA of approximately 32.233 million sq.m.[26]. - As of June 30, 2022, the Group's total assets amounted to approximately RMB251,752 million, down from RMB261,423 million as of December 31, 2021[41][47]. - The Group's cash and bank deposits as of June 30, 2022, were approximately RMB3,196 million, a significant decrease from RMB9,262 million as of December 31, 2021[43][48]. - The Group's current liabilities exceeded its current assets by approximately RMB27,599 million as of June 30, 2022[150]. - Total bank and other borrowings and senior notes amounted to RMB110,697 million, with RMB104,199 million due for repayment within the next twelve months[150]. Corporate Governance and Management - China Aoyuan's corporate governance structure includes a board of directors with experienced executives, ensuring effective oversight and strategic direction[11]. - The company has undergone recent changes in its executive team, with key appointments aimed at strengthening leadership and operational efficiency[11]. - The company has complied with the corporate governance code as of June 30, 2022[69]. - All directors confirmed compliance with the Model Code for securities transactions during the six months ended June 30, 2022[70]. Debt and Restructuring - The Group defaulted on repayments of certain bank borrowings of approximately RMB16.672 billion and senior notes and bonds of approximately RMB26.833 billion, triggering additional defaults[154]. - The Group is negotiating a holistic debt restructuring plan with offshore creditors to address liquidity issues and enhance its credit profile[159]. - A modified repayment arrangement was made for principal and related interests totaling approximately RMB6.834 billion, extending the repayment period to 2026[159]. - The Group is actively exploring asset disposal opportunities to create liquidity and alleviate debt issues[164]. Market Environment and Government Support - The government aims to support reasonable housing needs and promote the healthy development of the real estate industry amid a weakening property market[22]. - The international environment remains complex, but supportive policies are expected to lead to a healthier development of the property industry in the future[29]. Shareholder Information - Mr. Guo Zi Wen holds 1,660,925,625 shares, representing approximately 56.01% of the issued share capital[83]. - The Share Option Scheme allows for the issuance of up to 268,157,135 shares, which is approximately 10.00% of the total number of issued shares as of May 29, 2018[90]. - The Company has resolved not to declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[100][103].

Financial Performance - China Aoyuan achieved a revenue of HKD 10.5 billion in 2021, representing a year-on-year increase of 15%[1] - The company reported a net profit of HKD 1.2 billion for the year, which is a 20% increase compared to the previous year[1] - The total property contract sales amount for the year 2021 was approximately RMB 121.03 billion, with a total sales area of about 10.96 million square meters[20] - The company's total revenue for 2021 was approximately RMB 50.02 billion, a decrease of about RMB 17.77 billion or 26.2% compared to 2020[25] - Property development revenue for 2021 was approximately RMB 45.56 billion, down RMB 18.86 billion or 29.3% from 2020[25] - The average selling price per square meter decreased by 12.6% from approximately RMB 9,349 in 2020 to about RMB 8,169 in 2021[25] - The company recorded a gross loss of approximately RMB 11.935 billion in 2021, with a gross margin of -23.9%[26] - The net loss for other income, gains, and losses was approximately RMB 13.139 billion, primarily due to expected credit losses of about RMB 8.847 billion[27] Future Projections and Strategies - For the upcoming fiscal year, China Aoyuan projects a revenue growth of 10% to HKD 11.55 billion[1] - China Aoyuan plans to expand its market presence in the Greater Bay Area, targeting a 30% increase in property sales in this region[1] - The company is exploring potential mergers and acquisitions to enhance its portfolio, with a budget of HKD 1 billion set aside for this purpose[1] - A new product line aimed at sustainable living is set to launch in Q3 2022, expected to contribute an additional HKD 200 million in revenue[1] - The company has implemented a new strategy focusing on urban renewal projects, aiming for a 15% increase in project completions by the end of 2022[1] Corporate Governance - The board emphasizes the importance of maintaining high levels of corporate governance to protect and enhance shareholder interests[80] - The board is collectively responsible for guiding and supervising the company's affairs, including strategic implementation and financial performance review[81] - The company has adopted a corporate governance code as part of its governance practices[83] - The board has reviewed and monitored the training and continuous professional development of directors and senior management[85] - The company has ensured compliance with legal and regulatory requirements as part of its governance framework[85] - The board is responsible for reviewing the company's risk management and internal control systems to ensure their effectiveness[85] - The board consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced skill set and experience relevant to the company's business needs[90] Risk Management and Internal Controls - The company has implemented risk management measures and guidelines to identify and manage risks affecting its business operations[126] - The internal audit department is responsible for independently reviewing the adequacy and effectiveness of the risk management and internal control systems[126] - The board of directors regularly evaluates the overall risks of the group and implements appropriate internal control measures to mitigate risks[161] Employee and Stakeholder Engagement - As of December 31, 2021, the company employed 13,032 employees, a decrease from 23,773 employees as of December 31, 2020[54] - The company aims to enhance customer satisfaction and create value through a customer-centric management system[156] - The company actively engages with stakeholders through various communication channels, including surveys, meetings, and community activities[167] Sustainability and Corporate Social Responsibility - The company is committed to corporate social responsibility, focusing on environmental protection and social contributions to create a better living environment for stakeholders[147] - The company emphasizes the importance of integrating sustainability into its corporate governance framework[157] - The company has identified 20 key sustainability issues that directly impact stakeholders during its operational processes[169] - The company is actively promoting green building practices and sustainable operations across its projects[181] Integrity and Anti-Corruption Measures - The company has established a comprehensive anti-corruption framework, including a dedicated monitoring center and a three-tiered prevention system to combat fraud and corruption[184] - In 2021, the company appointed 73 legal personnel as "integrity supervisors" to enhance oversight and ensure compliance with integrity standards[192] - The company has implemented a whistleblowing policy with multiple reporting channels to encourage transparency and accountability within its operations[194] - The integrity education initiatives include legal interpretations and case warning education to promote new regulations and requirements[198]

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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 截至二零二二年十二月三十一日止年度之全年業績公告 中國奧園集團股份有限公司（「中國奧園」或「奧園」或「本公司」）董事會（「董事會」）宣佈本公司及其附屬 公司（統稱為「本集團」）截至二零二二年十二月三十一日止年度之經審核全年業績如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 營業額 (4) 客戶合同 18,459,360 49,767,069 租賃 251,71 2 254,547 ...

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分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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 截至二零二二年六月三十日止六個月的中期業績公告 中國奧園集團股份有限公司（「中國奧園」、「奧園」或「本公司」）董事會（「董事會」）欣然提呈本公司及其 附屬公司（統稱「本集團」）截至二零二二年六月三十日止六個月（「報告期」）的未經審核中期業績連同上 一年度同期的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二二年六月三十日止六個月 截至下列日期止六個月 二零二二年 二零二一年 六月三十日 六月三十日 附註 人民幣千元 人民幣千元 （未經審核） （未經審核） （經重列） ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 截至二零二一年十二月三十一日止年度之全年業績公告 中國奧園集團股份有限公司（「中國奧園」或「奧園」或「本公司」）董事會（「董事會」）宣佈本公司及其附屬 公司（統稱為「本集團」）截至二零二一年十二月三十一日止年度之經審核全年業績如下： 綜合損益及其他全面收益表 截至二零二一年十二月三十一日止年度 二零二一年 二零二零年 附註 人民幣千元 人民幣千元 （經重列） 營業額 (4) 客戶合同 49,767,069 67,554,967 租賃 254,54 7 238,82 5 ...

® 中國奧園集團股份有限公司 China Aoyuan Group Limited (Incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立之有限公司) HKEx Stock Code 香港聯交所上市編號：3883 奥园学苑壹号 THE RESIDENCE CLASS 珠海翠微村城市更新 Group Introduction 集團簡介 China Aoyuan was listed on the Main Board of the Stock Exchange on 9 October 2007 (Stock Code: 3883), and is a constituent of MSCI China Index, Hang Seng Composite LargeCap & MidCap (Investable) Index, Hang Seng Stock Connect, Hang Seng Stock Connect Greater Bay Area Composite Index, Hang Seng High D ...

中國奥園集團股份有限公司 China Aoyuan Group Limited (Incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立之有限公司) HKEx Stock Code 香港聯交所上市編號：3883 中期報告 2020 Group Introduction 集團簡介 China Aoyuan was listed on the Main Board of the Stock Exchange on 9 October 2007 (Stock Code: 3883), and is a constituent of MSCI China Index, Hang Seng Composite LargeCap & MidCap Index, Hang Seng Stock Connect and Hang Seng Stock Connect Greater Bay Area Composite Index. As the pioneer of composite real estate in China, China ...