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倚賴該等內容而引致之任何損失 承擔任何責任。 Zhenro Properties Group Limited 正 榮 地 產 集 團 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號: 6158及債務股份代號: 4596、40572、40516） 短暫停牌 應 正 榮地 產 集 團有 限 公 司（「本 公 司」）要求 ， 本 公司 股 份（ 股份 代 號 : 6158 ）將 由 二 零二 五 年 五月六日（ 星期二）下午一時正起短暫停止買賣，以待刊發有關本公司內幕消息的公告。 承董事會命 正榮地產集團有限公司 董事會主席 劉偉亮 香港，二零二五年五月六日 於本公告日期，本公司執行董事為劉偉亮先生及李洋先生，以及本公司獨立非執行董事為王傳序先生、謝駿 先生及楊詠儀女士。 ...

Core Viewpoint - Zhengrong Real Estate has suspended trading in Hong Kong, indicating potential financial or operational challenges facing the company [1] Group 1 - The suspension of trading may reflect underlying issues within the company that could impact investor confidence [1] - This action could lead to increased scrutiny from regulators and investors regarding the company's financial health and future prospects [1] - The real estate sector in Hong Kong may experience volatility as a result of this suspension, affecting market sentiment [1]

Core Viewpoint - Zhengrong Real Estate has suspended trading in Hong Kong [1] Company Summary - The suspension of trading indicates potential issues or developments within Zhengrong Real Estate that may require further investigation [1]

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，概不對因本公告全部或任何部份內容所產生或因依賴該等內容而引致之任何損 失承擔任何責任。 Zhenro Properties Group Limited 正 榮 地 產 集 團 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：6158） 股東週年大會通告 兹通告正榮地產集團有限公司（「本公司」）謹訂於二零二五年六月二十日（ 星期五 ）上午十一 時正假座香港灣仔港灣道26號華潤大廈32樓3201室舉行股東週年大會（「股東週年大會」）， 藉以處理下列事項： 「有 關期間」指 自本決 議案通 過之日 起，直 至以下 日期（ 以最 早發生 者為準 ）止 的期 間： – 2 – (b) 上 文 第 (a) 段 所 述 的 批 准 將 附 加 於 董 事 獲 授 的 任 何 其 他 授 權 並 將 授 權 董 事 於 有 關 期 間（ 定 義 見 下 文 ）作 出 或 授 出 可 能 須 於 有 關 期 間 結 束 後 行 使 上 述 權 力 的 建 議 、 協 議 及╱或購股權； (c ...

此 乃 要 件 請 即 處 理 閣 下 如 對 本通 函 任 何 內 容 或 應 採取 的 行 動 有 任 何 疑 問， 應 諮 詢 股 票 經 紀 、持 牌 證 券 交 易 商 或其他註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣 下如 已售 出或 轉讓 名下 所有 正榮 地產 集團 有限 公司（「本 公司」）的股 份， 應立 即將 本通 函 連 同 代 表 委任 表 格 送 交 買 主 或 承讓 人 或 經 手 買 賣 或 轉讓 的 銀 行 、 股 票 經 紀、 持 牌 證 券 交 易 商、註冊證券機構或其他代理商，以便轉交買主或承讓人。 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 通 函 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 不就 因 本 通 函 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。 Zhenro Properties Group Limited 正 榮 地 產 集 團 有 限 公 司 （ 於開曼 ...

股份代號 Stock Code : 6158 2024 環境、社會及 管治報告 Environmental, Social and Governance Report 目錄 Contents 關於本報告 主席致辭 關於正榮地產 公司簡介 責任治理 信息化賦能 投資者關係 獎項榮譽 可持續發展管理 可持續發展理念 綠色金融 ESG管治架構 環境生態 環境管理 綠色建築 綠色辦公 綠色施工 人才價值 員工僱傭 人才發展 健康與安全 員工關懷 供應鏈管理 攜手合作 品質服務 產品設計、研發與品牌 產品品質保障與管理 客戶權益 共創廉潔 道德合規 舉報機制 反腐倡廉 溫暖社會 社會共榮 關鍵績效指標總覽 環境指標 社會指標 附錄一：香港聯交所 | | ABOUT THIS REPORT | 2 | | --- | --- | --- | | | CHAIRMAN'S STATEMENT | 4 | | | ABOUT ZHENRO PROPERTIES | 6 | | | COMPANY PROFILE | 6 | | | RESPONSIBLE GOVERNANCE | 8 | | | ENABLEMENT BY ...

Financial Performance - For the year ended December 31, 2024, the Group's revenue was RMB 33,416.9 million, with a loss of RMB 7,539.0 million, and a loss attributable to owners of the parent of RMB 6,829.8 million[13][16]. - The Group recorded contracted sales of RMB6,729.0 million, a 56.3% year-over-year decrease from RMB15,396.0 million in 2023[27]. - Revenue recognized from sales of properties decreased by 13.8% from RMB38,648.3 million in 2023 to RMB33,331.1 million in 2024[31]. - The Group's gross profit decreased by 9.9% from RMB2,178.7 million for Year 2023 to RMB1,963.8 million for Year 2024, while the gross profit margin increased by 0.3 percentage points to 5.9%[58]. - Other income and gains decreased by 62.8% from RMB82.2 million for Year 2023 to RMB30.6 million for Year 2024, primarily due to a decrease in interest income and government grants[60]. - The Group's loss for Year 2024 was RMB7,539.0 million, an improvement from a loss of RMB9,485.6 million for Year 2023[80]. - The Group's rental income for Year 2024 was RMB76.5 million, a 1.4% decrease from RMB77.5 million for Year 2023, attributed to poor overall market conditions[43]. Market Conditions - The real estate sector in China remained in a phase of deep adjustment, with key indicators such as development investment and sales area continuing to decline[17]. - The central government's policies aimed at stabilizing the real estate market have brought hope for the industry's recovery[17]. - The Group's operational stability was maintained despite significant impacts on liquidity and operations due to market conditions[18]. Operational Strategies - The Group implemented liquidity management and cost-saving measures, including seeking financing extensions and accelerating sales and cash recovery[19]. - The Group aims to enhance financial stability by strengthening financial risk management and optimizing asset structure[22]. - The Group plans to increase marketing efforts and improve sales quality to capitalize on the recovery of the economy and real estate market[22]. - The Group's strategy includes enhancing internal management systems and operational efficiency to improve business quality[22]. - The Group is actively collaborating with legal and financial advisors for the overall restructuring of offshore debt to achieve a sustainable capital structure[19]. Asset Management - As of December 31, 2024, the Group had completed properties held for sale amounting to RMB29,483.4 million, a 1.0% decrease from RMB29,801.2 million as of December 31, 2023, primarily due to a decrease in GFA for completed properties[40]. - The Group's properties under development amounted to RMB33,373.4 million as of December 31, 2024, representing a 48.2% decrease from RMB64,430.2 million as of December 31, 2023, mainly due to an increase in completed properties and a decrease in the number of projects developed[42]. - The Group's total borrowings as of December 31, 2024, were RMB58,853.78 million, a slight decrease from RMB59,508.34 million in 2023[90]. - The Group's cash flow management strategies include accelerating sales and cash collection to address upcoming debt maturities[96]. Employee Management - The average number of employees decreased to 927 in 2024 from 1,549 in 2023[132]. - The company has established systematic training programs for employees based on their positions and expertise[133]. - The company offers competitive remuneration packages, including basic salaries, discretionary bonuses, and performance-based payments[134]. Legal and Financial Challenges - The Group's management discussion indicates a focus on maintaining financial stability amid ongoing legal and financial challenges[114]. - The Group considers that no liabilities resulting from ongoing lawsuits and other proceedings will have a material adverse effect on its business, financial condition, or results of operations[105]. - The Group's overall financial condition remains stable despite the non-payment of certain debts, with no material adverse effects anticipated from current legal proceedings[105]. Project Development - The company is focusing on developing residential and commercial properties, with several projects in the pipeline across various cities in China[165]. - The company aims to enhance its market position through strategic land acquisitions and project developments in key urban areas[165]. - The company has a total land bank of 2,273,693 square meters in the Yangtze River Delta region, with a land cost of RMB 5,445,570,000[31]. - The company is actively pursuing new projects in Yichun, with the Yichun Jintou Zhenro Mansion having a site area of 55,227 square meters and a land cost of RMB 26,600,000[170]. Management Team - The management team has extensive experience in the real estate industry, with key executives holding over 16 years of experience[190]. - The company continues to focus on enhancing its management team with experienced professionals to drive growth and operational efficiency[196]. - Mr. LI has been with Zhenro Properties Holdings since April 2018, holding various key positions, including president since June 2022[196].

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，概不對因本公告全部或任何部份內容所產生或因依賴該等內容而引致之任何損 失承擔任何責任。 二零二五年三月 未經審核經營數據 正榮地產集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董事會」）謹 此宣佈，截至二零二五年三月三十一日止月份，本集團連同合營公司及聯營公司的累計合 約銷售金額約為人民幣4.21億元，合約銷售建築面積約為20,525平方米，截至二零二五年三 月三十一日止月份的合約平均售價約為每平方米人民幣20,500元。 截至二零二五年三月三十一日止三個月，本集團連同合營公司及聯營公司的累計合約銷售 金額約為人民幣11.24億元，合約銷售建築面積約為68,132平方米及合約平均售價約為每平 方米人民幣16,500元。 上述數據乃未經審核及依據本集團的初步內部資料編製，或會因為在收集有關資料的過程 中的多項不確定因素，而與本公司按年度或半年度基準刊發的經審核或未經審核綜合財務 報表所披露的數字可能存在差異。因此，上述數據僅供投資者參考。投資者在買賣本公司 證 券 時 ...

Primary Market - A total of 23 offshore bonds were issued this week, including 2 offshore RMB bonds, 15 USD bonds, and 6 HKD bonds, with issuance scales of 1.64 billion RMB, 6.55 billion USD, and 80.19 billion HKD respectively [2] - The largest single issuance in the offshore RMB bond market was 1 billion RMB by Yuexiu Real Estate Investment Trust, while the highest coupon rate was 4.2% from Jiangmen High-tech Industrial Park Co., Ltd [2] - In the USD bond market, the largest single issuance was 1.5 billion USD by Hong Kong Railway Co., Ltd, and the highest coupon rate was 7.60% from Anqing Yixiu District Beautiful Countryside Construction Co., Ltd [2] Secondary Market Overview - The yield on Chinese offshore USD bonds mostly declined this week, with the Markit iBoxx Chinese USD bond composite index down 0.26% to 240.54 [3] - The investment-grade USD bond index fell 0.3% to 233.34, while the high-yield USD bond index increased by 0.04% to 235.48 [3] - The largest weekly gain in Chinese offshore bonds was seen in the MOLAND 8% 12/30/24 bond from Contemporary Land, which rose by 56% to 2.75 [3] Credit Rating Changes - Moody's upgraded Century Internet Group's family rating to "B2" with a stable outlook on March 25 [10] - Guangxi Agricultural Reclamation Group's credit rating was upgraded from AA+ to AAA on March 27 [10] - Hainan Puli Pharmaceutical Co., Ltd's credit rating was downgraded to "BB" with a negative outlook on March 27 [10] Domestic News - In February 2025, the Ministry of Finance reported that 1.3057 trillion RMB of local government bonds were issued, including 117.6 billion RMB of general bonds and 1.1881 trillion RMB of special bonds [12] - The issuance of Sci-tech bonds exceeded 100 billion RMB this year, with a year-on-year increase of 28.78%, accounting for 10.35% of the total corporate bond market [14] - The pressure from real estate USD bonds on Hong Kong's Chinese banks is gradually easing, with reduced impairment provisions reported by several financial institutions [13] Offshore Debt Alerts - Oceanwide Holdings completed its offshore debt restructuring, converting approximately 6.315 billion USD of debt into about 2.2 billion USD of new debt and 4.115 billion USD of new convertible bonds and perpetual securities [16] - Kaisa Group's offshore debt restructuring plan was approved by the Hong Kong High Court on March 24 [18] - Longfor Group reported a net profit of 10.4 billion RMB for 2024, a 19% decline year-on-year, with total revenue of 127.47 billion RMB, down 29% [19]

Financial Performance - The total contracted sales amount for the year ended December 31, 2024, was RMB 6,729.0 million, a decrease of 56.3% compared to the previous year[3]. - The group's revenue for the year ended December 31, 2024, was RMB 33,416.9 million, down from RMB 38,774.9 million in the previous year[4]. - The loss attributable to the parent company for the year ended December 31, 2024, was RMB 6,829.8 million, compared to RMB 8,467.9 million in the previous year[3]. - The group's gross profit for the year ended December 31, 2024, was RMB 1,963.8 million, compared to RMB 2,178.7 million in the previous year[4]. - The net loss for the year ended December 31, 2024, was RMB 7,539.0 million, an improvement from RMB 9,485.6 million in the previous year[5]. - Total revenue for 2024, including rental income, was RMB 33,416,906 thousand, compared to RMB 38,774,935 thousand in 2023, indicating a decrease of 13.8%[23]. - The group's pre-tax loss for 2024 was RMB 7,368,776,000, a decrease from RMB 9,004,282,000 in 2023, representing a 18.2% improvement[30]. - The income tax expense for the year was RMB 170,270,000, significantly lower than RMB 481,280,000 in 2023, reflecting a 64.7% decrease[33]. - The basic and diluted loss per share for 2024 was RMB (1.56), an improvement from RMB (1.94) in 2023[38]. - The group recorded a loss of RMB 7,539.0 million in 2024, an improvement from a loss of RMB 9,485.6 million in 2023[79]. Assets and Liabilities - As of December 31, 2024, the total land bank held by the group and its joint ventures was 9.95 million square meters, down from 12.98 million square meters the previous year[3]. - The total assets less current liabilities as of December 31, 2024, amounted to RMB 3,944.0 million, down from RMB 13,789.7 million the previous year[6]. - The company's current liabilities as of December 31, 2024, were RMB 12,867,740,000 and total debt obligations of RMB 69,477,634,000, with RMB 63,537,982,000 due within the next twelve months[12]. - The group held completed properties for sale valued at RMB 29,483.4 million as of December 31, 2024, a slight decrease of 1.0% from RMB 29,801.2 million in 2023[61]. - The amount of properties under development decreased by 48.2% to RMB 33,373.4 million as of December 31, 2024, down from RMB 64,430.2 million in 2023[62]. - The total debt amounted to RMB 27,827.9 million as of December 31, 2024, a decrease from RMB 29,000.5 million in 2023[82]. - The total principal and interest of interest-bearing bank and other borrowings, preferred notes, corporate bonds, perpetual capital securities, and asset-backed securities amounted to RMB 69,477,634,000, with RMB 63,537,982,000 due within the next twelve months[123]. Cash Flow and Financing - The group's cash and cash equivalents as of December 31, 2024, were RMB 1,215.3 million, compared to RMB 1,716.9 million in the previous year[6]. - The financing costs for the year ended December 31, 2024, were RMB 3,730.3 million, an increase from RMB 2,588.9 million in the previous year[4]. - The group has defaulted on certain preferred notes totaling RMB 21,406,730,000 and interest of RMB 1,464,816,000, resulting in a default event of RMB 7,583,850,000[12]. - The company is actively negotiating with lenders to extend repayment terms for certain loans and is seeking new financing at reasonable costs to ensure project delivery[13]. - The company is implementing plans to improve its liquidity and financial condition, including debt restructuring and negotiations with lenders[124]. Operational Performance - The group delivered approximately 26,900 new homes in 2024, focusing on maintaining operational stability and ensuring project delivery[51]. - The average contract selling price for the fiscal year 2024 was RMB 14,664 per square meter, compared to RMB 14,986 per square meter in 2023, reflecting a decline of 2.1%[56]. - Revenue from property sales recognized for the fiscal year 2024 was RMB 33,331.1 million, a decrease of 13.8% from RMB 38,648.3 million in 2023[59]. - The average selling price of recognized property sales increased by 12.4% to RMB 17,340 per square meter in 2024, up from RMB 15,433 per square meter in 2023[59]. - The group has implemented measures to control costs and expenses effectively[13]. Risk Management - The group faced significant foreign exchange and interest rate risks due to its operations primarily in China and reliance on RMB for transactions[86]. - The group has not engaged in hedging activities to manage foreign exchange or interest rate risks, indicating a potential vulnerability to market fluctuations[86]. - The management's ability to execute the plans and measures remains uncertain, particularly regarding the successful restructuring of offshore debt[14]. Corporate Governance - The board of directors does not recommend the distribution of a final dividend for the fiscal year 2024, consistent with the previous year where no dividend was declared[115]. - The company has adopted the Corporate Governance Code and is committed to high standards of corporate governance[118]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2024 before submission to the board for approval[121]. - The independent auditor's report indicates an inability to express an opinion on the group's consolidated financial statements due to uncertainties regarding going concern[122].