董事会拟聘任立信会计师事务所(特殊普通合伙)(立信)及香港立信德豪会计师事务所有限公司(立信德豪) 分别为公司新任境内及境外审计机构，自2025年11月13日起生效，任期至公司审议正式委任审计机构的 临时股东大会结束。 智通财经APP讯，保利物业(06049)发布公告，天职国际会计师事务所(特殊普通合伙)(天职国际)及天职 香港会计师事务所有限公司(天职香港)已分别向董事会提出辞任公司2025年度境内及境外审计机构，自 2025年11月13日起生效。 ...

格隆汇11月13日丨保利物业(06049.HK)宣布，考虑维持良好的公司管治常规和公司规范发展需要，同 时，为协调公司与其最终控股公司之间的审计安排，提升审计服务效率，天职国际会计师事务所(特殊 普通合夥)(「天职国际」)及天职香港会计师事务所有限公司(「天职香港」)已分别向董事会提出辞任公 司2025年度境内及境外审计机构，自2025年11月13日起生效。 随后宣布，董事会拟聘任立信会计师事务所(特殊普通合夥)(「立信」)及香港立信德豪会计师事务所有 限公司(「立信德豪」)分别为公司新任境内及境外审计机构，自2025年11月13日起生效，任期至公司审 议正式委任审计机构的临时股东大会结束。 ...

董事会拟聘任立信会计师事务所(特殊普通合伙)(立信)及香港立信德豪会计师事务所有限公司(立信德豪) 分别为公司新任境内及境外审计机构，自2025年11月13日起生效，任期至公司审议正式委任审计机构的 临时股东大会结束。 保利物业(06049)发布公告，天职国际会计师事务所(特殊普通合伙)(天职国际)及天职香港会计师事务所 有限公司(天职香港)已分别向董事会提出辞任公司2025年度境内及境外审计机构，自2025年11月13日起 生效。 ...

POLY PROPERTY SERVICES CO., LTD. 保利物業服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 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 該等內容而引致之任何損失承擔任何責任。 上市規則項下的涵義 於本公告日期，中國保利集團及其聯繫人於本公司已發行股本總額中合計擁有 72.289%權益，因此，中國保利集團為本公司控股股東，從而為本公司關連人 士。保利財務由中國保利集團及其聯繫人合計擁有100%權益，因此為本公司關 連人士。因此，《2026至2028年度存款業務框架協議》項下擬進行的交易將構成 本公司於上市規則第14A章項下的持續關連交易。 由於根據上市規則就《2026至2028年度存款業務框架協議》項下年度上限計算的 最高適用百分比率超出5%但低於25%，根據上市規則第14A章，本公司須遵守 有關申報、公告、年度審閱及獨立股東批准的規定。同時，《2026至2028年度存 款業務框架協議》項下擬進行的交易亦構成本公司的須予披露交易，本公司須遵 守上 ...

（股份代號：06049） 更換審計機構 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。 POLY PROPERTY SERVICES CO., LTD. 保利物業服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 天職國際及天職香港分別自2022年起擔任本公司境內及境外審計機構，服務期間 與本公司保持良好的溝通。天職國際及天職香港均已向董事會書面確認概無有關 辭任本公司審計機構之事宜須敦請本公司股東（「股東」）垂注。董事會同時確認， 不存在與審計機構變動有關的事項應敦請股東垂注。董事會謹此衷心感謝天職國 際及天職香港為本公司提供的專業及優質服務。 委任審計機構 根據本公司之公司章程第一百二十三條，如果承辦公司審計業務的會計師事務所 職位出現空缺，董事會在股東大會召開前，可以委任會計師事務所填補該空缺。 董事會謹此宣佈，董事會擬聘任立信會計師事務所（特殊普通合夥）（「立信」）及香 港立信德豪會計師事務所有限公司（「立信德豪」）分別為本公司新任 ...

Investment Rating - The report maintains a "Positive" rating for the real estate and property management sectors, highlighting optimism for the "Good House" policy and the revaluation of commercial real estate [3][33]. Core Insights - The real estate market is experiencing significant pressure, with new home sales in 34 key cities dropping by 45% week-on-week and 47% year-on-year in November [3][4]. - The report emphasizes the importance of localized policies, such as credit rating links to pre-sale fund supervision in Fuzhou and tax subsidies in Suzhou, which aim to stimulate market activity [27][30]. - The report identifies potential investment opportunities in commercial real estate and property management, particularly in light of ongoing monetary easing in China [3][33]. Industry Data Summary New Home Sales - New home sales in 34 key cities totaled 158.6 million square meters, a week-on-week decrease of 45.4% and a year-on-year decrease of 46.5% [4][5]. - Sales in first and second-tier cities saw a week-on-week decline of 46.1%, while third and fourth-tier cities experienced a 34.4% drop [4][5]. Second-Hand Home Sales - Second-hand home sales in 13 key cities totaled 98.8 million square meters, reflecting a week-on-week decrease of 15.2% and a year-on-year decrease of 30.3% [12][5]. - The cumulative sales for the year reached 50.1 million square meters, showing a slight increase of 1.4% year-on-year [12]. Inventory and Supply - In 15 key cities, 82 million square meters were launched for sale, with a transaction-to-launch ratio of 0.78, indicating a challenging market environment [19][5]. - The total available residential area in these cities was 89.5 million square meters, with a slight week-on-week increase of 0.2% [19]. Policy and News Summary - The National Development and Reform Commission has initiated a digital transformation action plan to promote smart city development and property digitalization [27]. - Localized policies are being implemented, such as Fuzhou's new regulations linking credit ratings to pre-sale fund supervision and Suzhou's tax subsidies for home purchases [27][30]. - The report notes that various cities are relaxing residency requirements and enhancing public housing policies to stimulate demand [27][30]. Company Dynamics - Major real estate companies reported significant declines in sales for October 2025, with Poly Developments down 50.1% and China Overseas Development down 55.1% year-on-year [33]. - Financing activities included China Merchants Shekou providing an 800 million yuan loan guarantee for its subsidiary, and Daxin City reducing the interest rate on its issued bonds to 2.15% [33][36]. - The report highlights stock buybacks by companies such as Shell-W and Greentown Service, indicating a strategic move to enhance shareholder value [37].

Investment Rating - The report maintains an "Overweight" rating for the real estate industry [4]. Core Views - The report emphasizes that policy measures are being driven by fundamental economic pressures, suggesting that the current policy intensity may exceed that of 2008 and 2014, and is still in progress [4]. - Real estate serves as an early-cycle indicator, making it a key economic barometer for investment [4]. - The competitive landscape in the industry is improving, with leading state-owned enterprises and select mixed-ownership and private companies performing well in land acquisition and sales [4]. - The report continues to favor investments in first-tier and select second- and third-tier cities, which have shown better performance during sales rebounds [4]. - Supply-side policies, including land storage and management of idle land, are crucial areas to monitor, with first- and second-tier cities expected to benefit more [4]. Summary by Sections 1. Current Resident Price Expectations - According to the central bank's survey, the proportion of urban depositors who are pessimistic about housing prices has returned to levels seen in Q3 2024, with optimism below 10% [11]. - In Q3 2025, 9.1% of residents expect prices to rise, while 55.6% expect them to remain stable, and 23.5% anticipate a decline [11]. - The report notes that the "924" policy was introduced during a period of market pessimism, leading to a marginal improvement in confidence, but this has waned over time due to a lack of new policies [11]. 2. Market Review - The Shenwan Real Estate Index decreased by 0.2% this week, underperforming the CSI 300 Index by 1.05 percentage points, ranking 24th among 31 Shenwan primary industries [2]. - New home sales in 30 cities totaled 134.6 million square meters, down 41.6% month-on-month and 47.2% year-on-year [2]. - Second-hand home sales in 14 sample cities totaled 190.2 million square meters, down 8.3% month-on-month and 28.0% year-on-year [34]. 3. Credit Bond Issuance - This week, 12 credit bonds from real estate companies were issued, totaling 10.25 billion yuan, an increase of 5.2 billion yuan from the previous week [3]. 4. Investment Recommendations - The report suggests focusing on real estate-related stocks due to the ongoing policy-driven recovery and the potential for improved performance in quality real estate companies [4]. - Recommended stocks include major players in both H-shares and A-shares, as well as local state-owned enterprises and property management firms [4].

FF301 截至月份: 2025年10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: 保利物業服務股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06049 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 347,000,090 | RMB | | | 1 RMB | | 347,000,090 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 347,000,090 | RMB | | | 1 RMB | | 347,000,090 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 ...

Investment Rating - The report maintains an "Overweight" rating for the real estate industry [3]. Core Insights - The report emphasizes the need for further monetary and fiscal policy support to stabilize the real estate market, highlighting that the macroeconomic policy is set to be positive [9][10]. - It notes a shift in focus towards housing as a consumer good, with potential policy relaxations aimed at meeting both basic and improved housing needs [10]. - The report anticipates continued optimization of the real estate structure, with a focus on revitalizing existing assets and land [11]. - It discusses the construction of a new development model for real estate, which favors quality housing and better supply of affordable housing [12]. - Risk prevention and resolution remain critical, with ongoing support for systemically important real estate companies [12]. Summary by Sections Understanding the "14th Five-Year Plan" Recommendations - The report outlines five key understandings of the recommendations, including the need for coordinated fiscal and monetary policies, a focus on housing consumption, and the importance of optimizing real estate structures [9][10][11][12]. Market Review - The report indicates that the Shenwan Real Estate Index decreased by 0.7%, underperforming the CSI 300 Index by 0.27 percentage points, ranking 26th among 31 Shenwan primary industries [14]. New and Second-Hand Housing Transactions - In the latest week, new housing transaction area in 30 cities was 224.1 million square meters, a 5.8% increase month-on-month but a 39.5% decrease year-on-year [24]. - The second-hand housing transaction area in 14 sample cities totaled 206.0 million square meters, reflecting a 3.1% decrease month-on-month and a 21.1% decrease year-on-year [34]. Credit Bond Issuance - The report notes that eight credit bonds were issued by real estate companies this week, totaling 5.05 billion yuan, a decrease of 12 bonds from the previous week [3]. Investment Recommendations - The report suggests focusing on real estate-related stocks, particularly those with strong fundamentals and those benefiting from policy changes, including specific companies listed in both H-shares and A-shares [3].

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 賴該等內容而引致之任何損失承擔任何責任。 1 本公司董事會審核委員會及獨立非執行董事已分別就前述事項發表確認意見，確 認本計劃首次授予方案第三批解鎖條件未成就，同意實施購回對應的未解鎖限制 性股票。 POLY PROPERTY SERVICES CO., LTD. 保利物業服務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：06049） 限制性股票激勵計劃首次授予方案第三批解鎖條件未成就 謹此提述保利物業服務股份有限公司（「本公司」）日期為2021年11月15日、2022 年1月28日、2022年4月26日、2023年1月20日、2024年5月13日、2025年1月20 日及2025年4月28日的公告與通函（「限制性股票激勵計劃相關披露」），內容有關 （其中包括）(i)採納本公司第一期限制性股票激勵計劃（「本計劃」）；(ii)首次授予 方案；(iii)授權董事會辦理本計劃相關事宜；(iv)本計劃管理辦法及本計劃實施考 核辦 ...