Company Overview - China Aoyuan was listed on the Main Board of the Stock Exchange in October 2007, with stock code 3883.HK[5]. - The Group focuses on the Guangdong-Hong Kong-Macao Greater Bay Area and has established an extensive urban redevelopment layout[5]. - The Group aims to meet property delivery targets while achieving sustainable and steady development[5]. - The reporting period covers the six months ended June 30, 2025[12]. - The principal place of business in PRC is located at Aoyuan Mansion, No. 108, Huangpu Avenue West, Tianhe District, Guangzhou[18]. - The Group's corporate website is www.aoyuan.com.cn, providing access to further information[17]. - The Group's registered office is located in Grand Cayman, Cayman Islands[19]. - The Group's stock code on the Hong Kong Stock Exchange is 3883.HK[17]. Financial Performance - The Group achieved property contracted sales of approximately RMB4.02 billion, with a contracted GFA sold of approximately 436,000 sq.m. during the Reporting Period[24]. - Revenue for the Group was approximately RMB4,466 million, representing a decrease of approximately RMB268 million or 5.7% compared to RMB4,734 million in the same period of 2024[29]. - The Group's revenue from property sales amounted to approximately RMB3,829 million, a decrease of approximately RMB165 million or 4.1% from RMB3,994 million in the same period of 2024[30]. - The gross loss of the Group was approximately RMB2,841 million, an increase of 1,299.5% from the gross loss of approximately RMB203 million in the same period of 2024, resulting in a gross loss margin of 63.6%[31]. - Loss attributable to owners of the Company was approximately RMB8,814 million, compared to a profit of approximately RMB22,312 million in the same period of 2024[37]. - Total revenue for the six months ended June 30, 2025, was RMB 4,465,737, a decrease of 5.67% from RMB 4,734,241 in the same period of 2024[112]. - Gross loss for the period was RMB 2,840,850, compared to a gross loss of RMB 203,391 in the previous year, indicating a significant decline in profitability[112]. - Loss before tax amounted to RMB 9,227,372, a substantial decrease from a profit of RMB 22,632,462 in the same period last year[112]. - The company reported a net loss of RMB 9,479,840 for the period, compared to a profit of RMB 22,100,490 in the previous year[112]. Assets and Liabilities - As of June 30, 2025, total assets amounted to approximately RMB145,004 million, while total liabilities were approximately RMB180,177 million[38]. - The current ratio was 0.8 as of June 30, 2025, down from 0.9 as of December 31, 2024[38]. - Cash and bank deposits were approximately RMB328 million, a decrease from approximately RMB886 million as of December 31, 2024[39]. - The Group's bank and other borrowings were approximately RMB 49,451 million as of June 30, 2025, down from RMB 51,180 million as of December 31, 2024, while senior notes and corporate bonds increased to approximately RMB 23,359 million from RMB 22,625 million[45][46]. - The net gearing ratio increased to 199.5% as of June 30, 2025, compared to 157.7% as of December 31, 2024[48][49]. - Contingent liabilities related to guarantees for mortgage facilities amounted to approximately RMB 63,741 million as of June 30, 2025, down from RMB 66,445 million as of December 31, 2024[51][56]. - The Group's construction cost commitments contracted but not provided for were approximately RMB 11,751 million as of June 30, 2025, compared to RMB 12,944 million as of December 31, 2024[53][57]. - The total assets of affiliated companies receiving financial assistance from the Group amounted to approximately RMB 40,063,195,000 as of June 30, 2025[62]. - The Group's share of commitments related to joint ventures was approximately RMB 3,346 million as of June 30, 2025, down from RMB 3,833 million as of December 31, 2024[53][57]. - The Group has pledged assets totaling approximately RMB 60,168 million as of June 30, 2025, a decrease from RMB 65,370 million as of December 31, 2024[55][59]. Corporate Governance and Management - The Company has complied with the corporate governance code provisions except for the absence of one non-executive director at the 2025 AGM due to other commitments[64]. - The Chairman of the Board, Mr. Mohamed Obaid Ghulam Badakkan Alobeidli, was unable to attend the 2025 AGM due to scheduling conflicts, and other board members addressed shareholder questions on his behalf[65]. - The Company has adopted the Model Code for securities transactions by directors, and all directors confirmed compliance during the reporting period[67]. - No other directors or chief executives had interests or short positions in the shares of the Company as recorded in the required register[75]. Shareholder Information - As of June 30, 2025, Mr. Mohamed Obaid Ghulam Badakkan Alobeidli holds 621,728,877 shares, representing approximately 13.85% of the issued share capital[73]. - Mr. Guo Zi Wen holds 530,761,345 shares, which is approximately 11.83% of the issued share capital[73]. - Mr. Cheng Siu Fai has a personal interest of 100,000 shares, representing 0.002% of the issued share capital[73]. - Multi Gold Group Limited holds 621,728,877 shares, representing 13.85% of the total issued shares[81]. - Ace Rise Profits Limited owns 468,516,782 shares, accounting for 10.44% of the total issued shares[82]. - Joy Pacific Group Limited has an interest in 530,761,345 shares, which is 11.83% of the total issued shares[82]. Dividends and Share Options - The Company has resolved not to declare an interim dividend for the six months ended June 30, 2025[94]. - The maximum number of shares issuable under the Share Option Scheme is 268,157,135, representing 10.00% of the total issued shares as of May 29, 2018[84]. - As of June 30, 2025, no share options were granted, exercised, expired, or lapsed under the Share Option Scheme[89]. - A total of 243,157,135 shares, approximately 5.42% of the issued share capital, are available for issue under the Share Option Scheme[91]. Cash Flow and Liquidity - The company recorded a net cash used in operating activities of RMB 184,184 thousand, compared to RMB 21,805 thousand for the same period in 2024[125]. - Cash from operations was RMB 31,226 thousand, a decrease from RMB 41,833 thousand in the previous year[125]. - The company experienced impairment losses on properties for sale amounting to RMB 3,133,184 thousand, compared to RMB 844,865 thousand in the prior year[125]. - The total cash and cash equivalents at the end of the period were RMB 327,702 thousand, down from RMB 1,599,642 thousand at the end of the previous year[125]. - The company had commitments related to joint ventures totaling approximately RMB 15,097 million[127]. - The Group recorded a net loss of approximately RMB 9.48 billion and a net cash outflow from operations for the six months ended June 30, 2025[129]. Debt and Borrowings - The company's total bank and other borrowings, senior notes, and bonds amounted to RMB 72,810 million, with RMB 56,768 million due for repayment within the next twelve months[127]. - The Group obtained new bank and other borrowings of RMB 39,358,000 during the six months ended June 30, 2025, compared to RMB 51,653,000 for the same period in 2024, indicating a decline of about 23.7%[188]. - The Group settled bank and other borrowings totaling RMB 431,899,000 in the first half of 2025, significantly lower than RMB 1,207,187,000 in the same period of 2024, reflecting a decrease of approximately 64.2%[188]. - The carrying amount of senior notes and bonds as of June 30, 2025, was RMB 442,047,000, down from RMB 710,685,000 at the beginning of the year, showing a reduction of about 37.8%[195]. Impairments and Losses - The company recognized impairment losses on trade and other receivables amounting to RMB 948,833, a significant increase from RMB 71,735 in the previous year[157]. - The impairment of properties for sale included in cost of sales was RMB 3,133,184, significantly higher than RMB 844,865 in the prior year[163]. - The company reported a loss on debt restructuring in specie of RMB 239,915, compared to a loss of RMB 138,509 in the previous year[155]. Future Outlook - The Group plans to focus on three core strategies: improving sales and inventory clearance, tackling debt restructuring, and exploring new profit models[26]. - Measures to improve liquidity include accelerating pre-sales and sales of properties, prioritizing project delivery, and stringent cost control[135]. - The Directors believe that the Group will have sufficient working capital to finance operations and meet financial obligations for at least twelve months from June 30, 2025[136].

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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。於美國或任何其他根據 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、招攬或出售則屬不合法的司法權區， 本公告並非亦不構成提呈購買或出售或招攬購買或出售任何證券的要約的任何部分。本公告提及 的證券並無且將不會根據一九三三年美國證券法登記，倘無登記或獲豁免登記，則不得在美國境 內提呈、出售或以其他方式轉讓。於美國公開發售任何證券將須以招股章程形式作出，該招股章 程可向本公司索取，並將載有關於本公司及管理層以及財務報表的詳細資料。本公司無意於美國 登記本公告所述任何發售的任何部分。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 境外債務重組進展： 進一步延長持有期 茲提述本公司日期為二零二三年十一月二十九日、二零二三年十二月四日、二零二四年一月十 日、二零二四年一月十二日、二零二四年一月二十九日、二零二四年三月二十日、二零二四年 ...

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: 2025年8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: 中國奧園集團股份有限公司 呈交日期: 2025年9月1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) | 03883 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 ...

Core Viewpoint - China Aoyuan (03883) reported a significant financial downturn, with a total revenue of RMB 4.466 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 5.67%. The company faced a shareholder loss of RMB 8.814 billion, contrasting sharply with a profit of RMB 22.312 billion in the same period last year, which included a foreign debt restructuring gain of approximately RMB 26.638 billion [2][3]. Financial Performance - The company recorded a total revenue of RMB 4.466 billion, down 5.67% year-on-year [2]. - Shareholder loss amounted to RMB 8.814 billion, compared to a profit of RMB 22.312 billion in the previous year [2]. - Earnings per share reflected a loss of 217 cents [2]. Sales and Market Strategy - During the reporting period, the company achieved property contract sales of approximately RMB 4.02 billion, with a contracted sales area of about 436,000 square meters [3]. - The company continues to focus on the Guangdong-Hong Kong-Macao Greater Bay Area, holding a total land reserve of approximately 5.39 million square meters, with an equity building area of about 4.06 million square meters as of June 30, 2025 [3]. Strategic Focus - The company aims to enhance its operational recovery by prioritizing "delivery assurance" while accelerating the resolution of domestic debt risks [2]. - Key strategies include deepening sales reduction, accelerating resource integration, tackling debt restructuring, optimizing capital structure, and exploring new profit models such as light-asset construction [3]. - The company is committed to building sustainable operational capabilities and restoring market confidence to achieve steady development and create value for shareholders, investors, and society [3].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國奧園集團股份有限公司 呈交日期： 2025年8月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 03883 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | ...

Core Insights - China Aoyuan reported a revenue of approximately 4.404 billion for the first half of 2025, indicating a significant financial performance [1] - The company experienced a shareholder loss of 8.814 billion, which represents a year-on-year decrease of 1395.03% [1]

Core Viewpoint - China Aoyuan (03883.HK) reported a decline in total revenue for the first half of 2025, amounting to approximately RMB 4.466 billion, a decrease of 5.7% year-on-year, with significant losses attributed to previous gains from debt restructuring [1] Financial Performance - The company recorded a loss attributable to shareholders of approximately RMB 8.814 billion, compared to a profit of about RMB 22.312 billion in the same period of 2024, which included a debt restructuring gain of approximately RMB 26.638 billion [1] - Revenue from property sales was approximately RMB 3.829 billion, reflecting a year-on-year decrease of 4.1%, while the total floor area of delivered properties increased by 24.4% [1] Business Segments - Revenue from property development accounted for 85.8% of total revenue, while other income from hotel operations and property investment contributed 12.8% and 1.4%, respectively [1] Land Reserves - As of June 30, 2025, the company maintained a total land reserve in the Guangdong-Hong Kong-Macao Greater Bay Area of approximately 5.39 million square meters, with an equity area of about 4.06 million square meters [1] Cash Position - The company reported cash and bank deposits of approximately RMB 328 million as of June 30, 2025, alongside restricted bank deposits of approximately RMB 1.970 billion, which are subject to guarantees, mortgages, or judicial freezes [1]

Core Insights - The company reported a total revenue of approximately RMB 4.466 billion for the first half of 2025, a decrease of about RMB 268 million or 5.7% compared to RMB 4.734 billion in the same period of 2024 [1] - The revenue breakdown shows that property development income accounted for 85.8%, other income from hotel operations accounted for 12.8%, and property investment income made up 1.4% [1] Revenue and Sales Performance - The company's property sales revenue was approximately RMB 3.829 billion, down RMB 165 million or 4.1% from RMB 3.994 billion in 2024 [1] - The total floor area of delivered properties increased from 410,000 square meters in 2024 to 510,000 square meters, representing a growth of 24.4% [1] Profitability and Losses - The company reported a gross loss of approximately RMB 2.841 billion, a significant increase of 1299.5% from a gross loss of RMB 203 million in the same period of 2024, resulting in a gross loss margin of 63.6% [1] - Excluding impairment losses on properties held for sale, the gross profit for the first half of 2025 was approximately RMB 292 million, a decline of 54.5% compared to RMB 642 million in the same period of 2024 [1] Shareholder Losses - The company recorded a loss attributable to shareholders of approximately RMB 8.814 billion, contrasting sharply with a profit of RMB 22.312 billion in the same period of 2024, which included a gain from overseas debt restructuring of approximately RMB 26.638 billion [1]

Group 1 - The company reported a total revenue of RMB 4.466 billion, a year-on-year decrease of 5.67% [1] - The company recorded a loss attributable to shareholders of RMB 8.814 billion, compared to a profit of RMB 22.312 billion in the same period last year [1] - The loss per share was 2.17 RMB [1] Group 2 - The company emphasized "ensuring delivery" as the core task for operational recovery while accelerating the resolution of domestic debt risks [1] - The company achieved property contract sales of approximately RMB 4.02 billion, with a contracted sales area of about 436,000 square meters [1] - The company continues to deepen its presence in core cities of the Guangdong-Hong Kong-Macao Greater Bay Area, with total land reserves of approximately 5.39 million square meters and equity building area of about 4.06 million square meters as of June 30, 2025 [1] Group 3 - The company aims to leverage the industry recovery window by focusing on three core strategies: deepening sales destocking, accelerating resource integration; tackling debt restructuring, optimizing capital structure; and strengthening operational foundations while exploring new profit models such as light asset construction [2] - The goal is to build sustainable operational capabilities, reshape market confidence, and promote sustainable and steady development, continuously creating value for shareholders, investors, and society [2]

(「本公司」) (於開曼群島註冊成立之有限公司) 中國奧園集團股份有限公司 CHINAAOYUAN GROUP LIMITED 提名委員會的職權範圍 （經修訂及重述） (於2025年8月28日董事會議決通過採納) 2 主席 2.1 提名委員會的主席須由董事會委任，並須由董事會主席或獨立非執行董事擔任。 3 秘書 3.1 提名委員會的秘書將由公司秘書出任。若公司秘書缺席，其委派代表或由成員在 提名委員會會議上委任的人士，將可出席提名委員會會議及記錄會議紀錄。 4 提名委員會會議的程序 除下文另有指明外，載列於本公司的組織章程細則 (不時作出修訂)有關規範董事 會會議的規定，亦適用於提名委員會的會議及其程序。 1 成員 1.1 提名委員會的成員須由本公司董事會（「董事會」）委任。 1.2 提名委員會最少由三(3)名成員（「成員」）組成，並須由董事會從本公司的董事 中委任。 1.3 提名委員會的大部份成員須為獨立非執行董事（「獨立非執行董事」）。本公司 應委任至少一名不同性別的董事加入提名委員會 4.1 法定人數 4.1.1 提名委員會會議的開會法定人數為任何兩(2)名成員。 4.2 會議次數 4.2.1 提名委員 ...