Core Viewpoint - Baolong Commercial (09909) announced that its controlling shareholder, Baolong Real Estate Holdings Limited, has entered into a restructuring support agreement regarding its offshore debt restructuring, which is expected to have no adverse impact on the company's operations [1] Group 1: Debt Restructuring - Baolong Real Estate has signed a restructuring support agreement on October 10, 2025, for its proposed offshore debt restructuring [1] - The restructuring consideration will consist of one or more combinations selected by the creditors, including the sale or pledge of Baolong Commercial shares for a total cash amount of $40 million [1] - Baolong Real Estate may transfer shares of Baolong Commercial equivalent to no more than 32.4% of the company's issued shares to the planned creditors [1] Group 2: Shareholding Structure - As of the announcement date, Baolong Real Estate, through its wholly-owned subsidiary, holds 405 million shares of Baolong Commercial, accounting for approximately 63% of the company's issued shares [1]

Core Viewpoint - Baolong Commercial (09909) announced that its controlling shareholder, Baolong Real Estate Holdings Limited, has entered into a restructuring support agreement for its offshore debt restructuring, scheduled for October 10, 2025 [1] Group 1: Restructuring Details - The restructuring costs will be composed of one or more combinations selected by the creditors, including (i) the sale or pledge of Baolong Commercial shares by Baolong Real Estate for a total cash payment of $40 million; and (ii) the transfer of Baolong Commercial shares (up to 32.4% of the total issued shares) to the planned creditors [1] - As of the announcement date, Baolong Real Estate, through its wholly-owned subsidiary, holds 405 million shares of Baolong Commercial, accounting for approximately 63% of the total issued shares [1] Group 2: Impact on Operations - The company expects that the Baolong Real Estate restructuring will not have any adverse impact on the operations of Baolong Commercial and its subsidiaries [1]

香港交易及結算所有限公司和香港聯合交易所有限公司對本公佈的內容概不 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 公 佈 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。 Powerlong Commercial Management Holdings Limited 寶龍商業管理控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：9909） 控股股東可能出售股份 本公佈乃由寶龍商業管理控股有限公司（「本公司」）根據香港聯合交易所有限公 司證券上市規則（「上市規則」）第13.09條及證券及期貨條例（香 港 法 例 第571章） 第XIVA部 內 幕 消 息 條 文 而 刊 發。 許華芳 香 港，2025年10月13日 根 據 寶 龍 地 產 重 組 相 關 的 條 款 及 條 件，於（其 中 包 括）簽 署 最 終 文 件 之 前 提 下， 重 組 代 價 將 按 計 劃 債 權 人 所 選 定 之 一 項 或 多 項 組 合 方 式 構 成，其 中 包 括（但 不 限 於）( ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 寶龍商業管理控股有限公司 呈交日期: 2025年10月8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) | 09909 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註 ...

Financial Performance - For the six months ended June 30, 2025, the commercial operation services generated total revenue of approximately RMB 1,048.6 million, a decrease of about 2.6% compared to RMB 1,076.9 million for the same period in 2024 [18]. - The gross profit for commercial operation services was RMB 361.6 million with a gross margin of 34.5%, compared to RMB 384.7 million and a gross margin of 35.7% in the previous year [17]. - The total gross profit for the group was RMB 405.3 million with a gross margin of 31.2%, compared to RMB 449.4 million and a gross margin of 33.7% in the previous year [17]. - For the six months ended June 30, 2025, the company's revenue was approximately RMB 1,300.9 million, a decrease of about RMB 32.0 million compared to RMB 1,332.9 million for the same period in 2024 [31]. - Revenue from commercial operation and management services was approximately RMB 915.9 million, accounting for 70.4% of total revenue, representing a year-on-year decrease of about 1.6% [34]. - The revenue from residential property management services was approximately RMB 252.3 million, a decrease of about 1.5%, accounting for 19.4% of total revenue [38]. - The total comprehensive income for the six months ended June 30, 2025, was RMB 176,064 thousand, compared to RMB 200,002 thousand for the same period in 2024, reflecting a decrease of 11.9% [114]. - The profit attributable to shareholders for the six months ended June 30, 2025, was approximately RMB 182.8 million, a decrease of about 6.0% from RMB 194.5 million in 2024 [51]. Operational Highlights - As of June 30, 2025, the group operates 97 retail commercial properties with a total built area of approximately 11.1 million square meters, and has signed contracts for 129 retail commercial properties with a total contracted area of about 14.2 million square meters [6]. - The average occupancy rate for retail commercial properties as of June 30, 2025, was 91.8%, up from 91.5% at the end of 2024 [25]. - The company plans to open new retail commercial properties in the second half of 2025, with a total projected building area of 523,952 square meters [26]. - The company opened a new retail commercial property, Wuyishan Baolong Plaza, with a total building area of 67,633 square meters on May 2025 [21]. - The company added one new delivered project, bringing the total delivered projects to 128, compared to 127 in 2024 [27]. Market and Strategic Focus - The group continues to focus on the Yangtze River Delta region, targeting cities with high economic vitality to enhance urban living experiences [6]. - The group aims to become a respected century-old enterprise and a global leader in urban space operations, adhering to its mission of "Letting Space Have Love" and corporate values of simplicity, authenticity, and win-win cooperation [7]. - The company aims to enhance operational capabilities, recruitment capabilities, and product capabilities to improve asset value and market influence [30]. - The company plans to focus on talent development through a "1 + 5" capability model to strengthen its leadership team and ensure sustainable growth [30]. Financial Position and Assets - As of June 30, 2025, the total assets amounted to RMB 6,021,041, with segment assets of RMB 1,744,158 [134]. - Total liabilities decreased to RMB 2,626,425,000 as of June 30, 2025, down from RMB 2,815,702,000 at the end of 2024, reflecting a reduction of approximately 6.7% [136]. - The cash and bank balances increased to approximately RMB 4,285.2 million, a growth of about 3.7% from RMB 4,131.6 million as of December 31, 2024, due to enhanced collection efforts [59]. - The total equity attributable to owners of the company was RMB 3,402,407 thousand, an increase from RMB 3,259,464 thousand as of June 30, 2024, representing a growth of 4.4% [114]. Employee and Labor Relations - The company maintained a stable workforce with 5,566 employees as of June 30, 2025, unchanged from December 31, 2024 [61]. - The total employee cost for the six months was approximately RMB 408.2 million, a decrease of 4.9% from RMB 427.5 million for the same period in 2024 [61]. - The company emphasizes the importance of attracting and retaining high-quality employees for its success [61]. - The company offers various employee benefits, including cash performance bonuses and social insurance programs [61]. Governance and Compliance - The company has adopted the corporate governance code as a basis for its governance practices and has complied with all applicable code provisions during the reporting period, except for deviations noted in specific provisions [83]. - The roles of Chairman and CEO were separated after Mr. Xu was appointed CEO on January 21, 2025, restoring compliance with the corporate governance code [85]. - The company has established an audit committee to oversee financial reporting and internal control systems, ensuring compliance with regulatory requirements [100]. Shareholder Information - The company’s major shareholder, Mr. Xu Jiankang, holds 405 million shares, representing 63.00% of the total shares [68]. - The total issued share capital of the company as of June 30, 2025, was 642.9 million shares [65][70]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2025, compared to no dividend for the same period in 2024 [69].

公司名稱: 寶龍商業管理控股有限公司 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 呈交日期: 2025年9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) | 09909 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊 ...

Group 1 - The company Baolong Commercial (09909) reported a mid-term performance for the six months ending June 30, 2025, with revenue of 1.301 billion RMB, representing a year-on-year decrease of 2.4% [1] - Shareholders' profit attributable to the company was 183 million RMB, a year-on-year decrease of 6.01% [1] - Basic earnings per share were 28.43 cents [1]

Group 1 - The company reported a revenue of 1.301 billion RMB for the six months ending June 30, 2025, representing a year-on-year decrease of 2.4% [1] - Shareholders' profit attributable to the company was 183 million RMB, a year-on-year decrease of 6.01% [1] - Basic earnings per share were 28.43 cents [1]

香港交易及結算所有限公司和香港聯合交易所有限公司對本公佈的內容概不 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 公 佈 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。 Powerlong Commercial Management Holdings Limited 寶龍商業管理控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：9909） 截 至2025年6月30日止六個月中期業績公佈 業績摘要 • 本集團截至2025年6月30日止六個月的收入約為人民幣1,300.9百 萬 元， 較2024年同期約人民幣1,332.9百萬元減少約2.4%。 • 本集團截至2025年6月30日止六個月的毛利約為人民幣405.3百 萬 元，較 2024年同期約人民幣449.4百萬元減少約9.8%。 • 本集團截至2025年6月30日止六個月的本公司股東（「股 東」）應佔利潤約 為人民幣182.8百 萬 元，較2024年同期約人民幣194.5百萬元減少約6.0%。 • 於2025年6月30日，本 ...

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佈的內容概不 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 佈 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。 寶龍商業管理控股有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，董 事 會 會 議將於二零二五年八月二十八日（星 期 四）於中華人民共和國上海市閔行區新 鎮 路1399號寶龍大廈7樓701會 議 室 舉 行，藉 以（其 中 包 括）(i)考慮並批准本公司 及 其 附 屬 公 司 於 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 及 其 發 佈； (ii)考慮宣派中期股息（如 有）；及(iii)處理任何其他交易及事項（如 有）。 承董事會命 寶龍商業管理控股有限公司 主 席 許華芳 香 港，二 零 二 五 年 八 月 十 八 日 於 本 公 佈 日 期， 本 公 司 執 行 董 事 為 許 華 芳 先 生； 本 公 司 非 執 行 董 事 為 許 華 芬 女 士 及 許 華 琳 女 士；以 及 本 公 ...