Core Points - Greentown Management Holdings (09979.HK) announced the appointment of Cheng Min as an executive director, effective from October 20, 2025 [1] Company Summary - The appointment of Cheng Min is a strategic move for Greentown Management Holdings, indicating a potential shift in leadership dynamics within the company [1]

绿城管理控股(09979)发布公告，程敏先生(程先生)已获委任为执行董事，自2025年10月20日起生效。 ...

綠 城 管 理 控 股 有 限 公 司 GREENTOWN MANAGEMENT HOLDINGS COMPANY LIMITED （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 非執行董事 郭佳峰先生 （聯席主席） 耿忠強先生 （聯席主席） 執行董事 王俊峰先生 （行政總裁） 聶煥新女士 程敏先生 獨立非執行董事 林治洪先生 丁祖昱博士 陳仁君先生 下表載列由本公司各董事組成的董事會審核委員會、薪酬委員會及提名委員會的成員資 料。 （股份代號：09979） 董事名單及其角色與職責 綠城管理控股有限公司（「本公司」）的董事會（「董事會」）成員如下： | | 委員會 | | | | | --- | --- | --- | --- | --- | | 董事 | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 郭佳峰先生 | | | | | | 耿忠強先生 | | | | | | 王俊峰先生 | | | | | | 聶煥新女士 | | | | M | | 程敏先生 | | | | | | 林治洪先生 | | M | M | C | | 丁祖昱博士 | | M | C | M | | 陳仁君先 ...

智通财经APP讯，绿城管理控股(09979)发布公告，程敏先生(程先生)已获委任为执行董事，自2025年10 月20日起生效。 ...

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。 GREENTOWN MANAGEMENT HOLDINGS COMPANY LIMITED 綠 城 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：09979） 委任執行董事 本公告由綠城管理控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）宣佈，程敏先生（「程先生」）已獲委任為執行董事，自2025年10月20日 起生效。 程先生之履歷詳情載列如下： 程敏，44歲，自2020年12月起為本公司副總裁，主要負責本集團業務發展、財務管理和 資方代建管理工作。 程先生於房地產項目投資和拓展方面擁有豐富經驗。彼過往於2010年加入綠城集團，擔 任企業發展部的高級職員，同年9月調入綠城建設管理有限公司從事並負責代建業務拓 展。彼於2015年任職於綠城房地產集團有限公司總部，曾任湖州御園項目執行總經理、 華南區域公司 ...

Summary of Key Points Core Viewpoint - On October 17, 42 Hong Kong-listed companies conducted share buybacks, totaling 46.36 million shares and an aggregate amount of HKD 621 million [1][2]. Company-Specific Summaries - **Xiaomi Group-W**: - Repurchased 10.70 million shares for HKD 494 million, with a highest price of HKD 46.760 and a lowest price of HKD 45.900. The total buyback amount for the year reached HKD 1.537 billion [1][2]. - **Sihuan Pharmaceutical**: - Repurchased 15 million shares for HKD 21.76 million, with a highest price of HKD 1.470 and a lowest price of HKD 1.430. The total buyback amount for the year reached HKD 143.32 million [1][2]. - **Mengniu Dairy**: - Repurchased 1.20 million shares for HKD 16.97 million, with a highest price of HKD 14.250 and a lowest price of HKD 14.070. The total buyback amount for the year reached HKD 433.54 million [1][2]. - **AAC Technologies**: - Repurchased 300,000 shares for HKD 11.60 million, with a highest price of HKD 38.800 and a lowest price of HKD 38.480. The total buyback amount for the year reached HKD 84.64 million [1][2]. - **Vitasoy International**: - Repurchased 1.02 million shares for HKD 8.20 million, with a highest price of HKD 8.040 and a lowest price of HKD 8.020. The total buyback amount for the year reached HKD 27.54 million [1][2]. Overall Market Activity - The highest buyback amount on October 17 was from Xiaomi Group-W at HKD 494 million, followed by Sihuan Pharmaceutical at HKD 21.76 million. Other notable companies included Mengniu Dairy and AAC Technologies [1][2]. - In terms of share quantity, Sihuan Pharmaceutical led with 15 million shares repurchased, followed by Xiaomi Group-W with 10.70 million shares and Anton Oilfield Services with 4.49 million shares [1][2].

Core Viewpoint - Multiple companies in China conducted share buybacks on October 17, 2025, with Xiaomi Group-W leading in terms of buyback amount and quantity [1][2] Group 1: Buyback Details - Xiaomi Group-W (01810) repurchased 10.70 million shares for a total of 494 million yuan, with a year-to-date total of 27.30 million shares, representing 0.110% of its total share capital [2] - Four Seasons Pharmaceutical (00460) repurchased 15 million shares for 21.76 million yuan, with a year-to-date total of 59.60 million shares, representing 0.647% of its total share capital [2] - Mengniu Dairy (02319) repurchased 1.20 million shares for 16.97 million yuan, with a year-to-date total of 18.52 million shares, representing 0.473% of its total share capital [2] Group 2: Other Notable Buybacks - VITASOY International (00345) repurchased 1.02 million shares for 8.20 million yuan, with a year-to-date total of 566.60 million shares, representing 0.540% of its total share capital [2] - Zhongtong Express-W (02057) repurchased 445,000 shares for 8.41 million yuan, with a year-to-date total of 5.07 million shares, representing 0.630% of its total share capital [2] - Huazhong Media (00685) repurchased 500,000 shares for 50,000 yuan, with a year-to-date total of 225.60 million shares, representing 0.139% of its total share capital [2]

Group 1: Industry Policy - The government construction management policy is becoming increasingly refined, standardized, and market-oriented, focusing on six key areas: strengthening institutional construction, enhancing professional capabilities, diversifying construction methods, promoting meticulous management, advancing standardization, and implementing full-cycle supervision [1][5][9] - In the third quarter of 2025, seven provinces and cities introduced policies related to government construction management, indicating a continued high frequency of policy issuance [6][7] - The policies emphasize precise applicability and meticulous management throughout the project lifecycle, with clear delineation of responsibilities among various parties involved [7][10][12] Group 2: Land Acquisition by Urban Investment Companies - In the third quarter of 2025, urban investment and platform companies accounted for 55% of land acquisition, a 12.8 percentage point increase from the second quarter, but a 14.2 percentage point decrease from the same period in 2024 [2][16] - The land acquisition area by urban investment companies exceeded 37 million square meters in the first nine months of 2025, representing an 11% decrease year-on-year [2][16] Group 3: Corporate Insights - The construction management industry is advancing standardization, with companies like Greentown Management and Longfor Dragon Smart Manufacturing enhancing their competitive edge through specialized field standardization [30][26] - The trend of ecological operation is being constructed, with companies like Greentown Management and New City Management launching supply chain platforms for recruitment [30][26] Group 4: Key Projects - The Tangshan Longhu Liyuan project, a sample project for alleviating difficulties, was delivered by Greentown Management, which faced challenges such as overcoming the "stalled project" stigma and improving product quality [18][19][20] - The Xuhui Construction Management's Nanjing Hexi South G116 affordable rental community project was also delivered, showcasing the company's commitment to social housing [21] Group 5: Bidding and Tendering - In the first three quarters of 2025, the number of awarded construction projects increased by 18% year-on-year, with the third quarter alone seeing 172 projects awarded, the highest in three years, marking a 37% increase year-on-year [4][22][23] - State-owned enterprises remain the primary clients for construction management services, with companies like Greentown Management and Longfor Dragon Smart Manufacturing expanding their project portfolios significantly [26][30]

Core Viewpoint - Southbound funds have increased their holdings in Greentown Management Holdings (09979.HK) significantly, indicating growing investor interest in the company [1] Group 1: Shareholding Changes - On October 17, 2025, southbound funds increased their holdings by 709,000 shares, representing a 0.25% change [2] - Over the past 5 trading days, there have been 5 days of net increases, totaling 3.265 million shares [1][2] - In the last 20 trading days, there were 17 days of net increases, amounting to 15.677 million shares [1] Group 2: Current Shareholding Status - As of now, southbound funds hold a total of 282 million shares in Greentown Management Holdings, which accounts for 14.0% of the company's issued ordinary shares [1][2] Group 3: Company Overview - Greentown Management Holdings primarily provides construction management services through three departments: commercial construction management, government construction management, and other project management services [2] - The company mainly operates in the domestic market of China [2]

Core Viewpoint - Greentown Management Holdings (09979.HK) announced a share buyback on October 17, spending HKD 1.625 million to repurchase 548,000 shares [1] Group 1 - The company executed a buyback of 548,000 shares [1] - The total expenditure for the buyback was HKD 1.625 million [1]