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，並明確表示概不就因本公告全部或任何部 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。 金輝控股（集團）有限公司（「本公司」，連同其附屬公司合稱「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，本公司將於2026年3月31日（星期二）舉行董事會會議，藉以 （其中包括）考慮及批准本集團截至2025年12月31日止年度之全年業績及其發佈、考 慮建議派發末期股息（如有）及處理任何其他事項。 承董事會命 金輝控股（集團）有限公司 主席 林定强 香港，2026年3月19日 Radiance Holdings (Group) Company Limited 金輝控股（集團）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9993） 董事會會議舉行日期 於本公告日期，董事會包括三名執行董事，即林定强先生、林宇先生及吳琰坤女士 以及三名獨立非執行董事，即張化橋先生、謝日康先生及鍾創新先生。 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 金輝控股(集團)有限公司 呈交日期: 2026年3月5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) | 09993 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

Core Viewpoint - The performance of certain Chinese real estate stocks has been active, with significant price increases observed, driven by policy optimizations in Shanghai aimed at stimulating demand in the housing market [1] Group 1: Stock Performance - Jin Hui Holdings (09993) increased by 6.29%, trading at HKD 1.52 [1] - R&F Properties (02777) rose by 6.12%, trading at HKD 0.52 [1] - Shimao Group (00813) saw a rise of 3.47%, trading at HKD 0.179 [1] - Longfor Group (03380) increased by 3.13%, trading at HKD 1.32 [1] - CIFI Holdings Group (00884) rose by 2.63%, trading at HKD 0.078 [1] Group 2: Market Insights - Xiangcai Securities believes that the optimization of purchase restrictions and public housing loan policies in Shanghai before March will likely stimulate short-term demand and boost market confidence [1] - The firm anticipates that there will be opportunities in the real estate sector in March, particularly regarding the expected incremental policies from the Two Sessions and the performance of sales data during the "small spring" [1] Group 3: Future Focus Areas - According to Open Source Securities, the real estate sector should focus on three main lines by 2026: 1. Valuation recovery at the policy bottom, with clear signals of policy shifts from central and first-tier cities, indicating accelerated supply-side clearance [1] 2. Emphasis on the premium of "good houses," where developers with mature systems and high-end product lines will benefit from sales premiums and gross margin advantages [1] 3. Learning from Hong Kong's "industry-population-rent" transmission path, focusing on the asset allocation demand driven by the recovery of rental yields in core cities [1]

Group 1 - Several Chinese property stocks showed active performance, with Jin Hui Holdings (09993.HK) rising by 6.29% to HKD 1.52 [1] - R&F Properties (02777.HK) increased by 6.12% to HKD 0.52 [1] - Shimao Group (00813.HK) saw a rise of 3.47%, reaching HKD 0.179 [1] - Longfor Group (03380.HK) gained 3.13%, trading at HKD 1.32 [1] - CIFI Holdings Group (00884.HK) rose by 2.63% to HKD 0.078 [1]

Group 1 - The core viewpoint of the article highlights the active performance of certain Chinese real estate stocks, with notable increases in share prices for companies such as Jin Hui Holdings (up 6.29% to HKD 1.52), R&F Properties (up 6.12% to HKD 0.52), and others [1][1][1] - Xiangcai Securities suggests that the optimization of purchase restrictions and housing fund loan policies in Shanghai before March is expected to stimulate demand, activating the second-hand housing replacement chain and boosting market confidence [1][1][1] - The article mentions that Open Source Securities identifies three main focuses for the real estate sector in 2026: valuation recovery at the policy bottom, premium pricing for quality properties, and attention to rental yield recovery in core cities [1][1][1] Group 2 - The article notes that the real estate sector is anticipated to have speculative opportunities in March, particularly regarding the expected incremental policies from the Two Sessions and the performance of sales data during the "small spring" [1][1][1] - The emphasis on developers with mature systems and high-end product lines suggests that these companies will benefit from sales premiums and gross margin advantages due to quality differentiation [1][1][1] - The article also highlights the importance of learning from Hong Kong's "industry-population-rent" transmission path, indicating a potential demand for asset allocation driven by rental yield recovery in key cities [1][1][1]

Group 1 - The overall performance of Chinese property stocks has declined, with notable drops in companies such as R&F Properties (down 9.09% to HKD 0.5), Jin Hui Holdings (down 7.88% to HKD 1.52), and Sunac China (down 6.4% to HKD 1.17) [1] - According to CRIC Research, the new housing market in 50 key cities in China remains sluggish due to the impact of the Spring Festival holiday in February 2026, while the cumulative transaction area of second-hand houses in 15 key cities increased slightly by 2% year-on-year to approximately 1,509 million square meters [1] - Central and local policies continue to release positive signals, with Shanghai's "Seven Policies" at the end of February indicating a favorable trend that could boost national market expectations [1] Group 2 - Guotai Junan Securities believes that the real estate market is entering a critical verification period for stabilization, with an increase in the number of second-hand houses listed in core cities after the Spring Festival holiday [1] - The extent and sustainability of the increase in second-hand house listings in core cities over the next two months will be key variables affecting future housing price trends [1]

Group 1 - The overall performance of real estate stocks has declined, with R&F Properties (02777) down 9.09% to HKD 0.5, Jin Hui Holdings (09993) down 7.88% to HKD 1.52, and Sunac China (01918) down 6.4% to HKD 1.17 [1] - According to CRIC Research, the new housing market in 50 key cities remains sluggish due to the impact of the Spring Festival holiday in February 2026, while the cumulative transaction area of second-hand houses in 15 key cities increased slightly by 2% year-on-year to approximately 1,509 million square meters [1] - Central and local policies continue to release positive signals, with Shanghai's "Seven Policies" at the end of February indicating a favorable trend that could boost national market expectations [1] Group 2 - Guotai Junan Securities believes that the real estate market has entered a critical verification period for stabilization, with a general increase in the number of second-hand house listings in core cities after the Spring Festival holiday [1] - The extent and sustainability of the increase in second-hand house listings in core cities over the next two months will be key variables affecting future housing price trends [1]

Group 1 - The real estate sector in both Hong Kong and A-shares saw significant gains on February 25, with notable increases in stock prices for major companies such as Country Garden, CIFI Holdings, and Longfor Group [2] - In the A-share market, companies like Hualian Holdings and Chengdu Investment Holdings experienced substantial price increases, with Hualian reaching the daily limit [2] Group 2 - The recent surge in the real estate market is attributed to multiple positive signals, including new policies from the Shanghai government aimed at optimizing real estate regulations, effective from February 26, 2026 [3] - Key policy changes include reducing housing purchase restrictions, increasing the maximum loan amount for first-time homebuyers to 2.4 million, and tax exemptions for first-time home purchases by adult children [3] - The Shanghai government’s new policies are expected to lower purchasing costs and stimulate housing demand, contributing to a balanced supply-demand relationship in the market [3] - During the Spring Festival, real estate companies actively promoted sales, with many projects offering discounts and special deals, which helped to build momentum for the market [3] Group 3 - According to a report from the China Index Academy, there are signs of recovery in the real estate market, with significant increases in new home transactions in Shanghai compared to last year [4] - The report highlights that while there are still disparities in market performance across different cities, the overall trend indicates a potential recovery, particularly in Shanghai and certain second-tier cities [4] - The introduction of policies aimed at stabilizing the market is expected to enhance market expectations and contribute to a more favorable environment for real estate transactions [4][5]

Group 1 - The Hong Kong stock market saw a collective rise in property stocks, with Country Garden increasing by 8%, and other companies like Jianfa International Group, Greentown China, and Longfor Group also showing significant gains [1] - Notable stock performances include Country Garden at a latest price of 0.335 with a market cap of 139.99 billion and a year-to-date decline of 19.28%, while Greentown China reached 11.470 with a market cap of 291.29 billion and a year-to-date increase of 35.42% [2] - Other companies such as China Overseas Macro Group and Yuexiu Property also experienced gains of over 4%, indicating a positive trend in the property sector [1][2] Group 2 - The stock price of Jianfa International Group rose by 6.54% to 15.810, with a total market value of 354.17 billion and a year-to-date increase of 1.02% [2] - Longfor Group's stock increased by 4.90% to 10.270, with a market cap of 723.18 billion and a year-to-date rise of 19.98% [2] - Other notable increases include China Jinmao at 4.35% to 1.680, with a market cap of 227.01 billion and a year-to-date increase of 38.84% [2]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report On February 3, the overall capital market remained stable; the bond market was mainly fluctuating, with short - term bonds being weak and medium - and long - term bonds being slightly strong; the main indexes of the convertible bond market rose collectively, and most convertible bond issues increased; the yields of U.S. Treasury bonds of different maturities showed divergent trends, and the yields of 10 - year government bonds of major European economies generally increased [1][2]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: On February 3, the 2026 Central No. 1 Document was released, proposing reforms in rural collective property rights, support for new rural collective economies, and measures to control village - level debt. The central bank will conduct an 800 billion yuan 3 - month term buy - out reverse repurchase operation on February 4, resulting in a net investment of 100 billion yuan. The central bank Shanghai Head Office emphasized continuous financial reform and opening - up, and promoted free - trade zone financial reform [4][5]. - **International News**: On February 3 (local time), the U.S. House of Representatives passed a government funding bill, and the partial government shutdown is expected to end. However, the U.S. Department of Homeland Security only has funds until February 13, and there is still a risk of a more limited funding shortage [7]. - **Commodities**: On February 3, international crude oil and natural gas futures prices rose. WTI March crude oil futures rose 1.72% to $63.21 per barrel, Brent April crude oil futures rose 1.56% to $67.33 per barrel, COMEX gold futures rose 6.94% to $4975.30 per ounce, and NYMEX natural gas prices rose 3.49% to $3.377 per ounce [8]. 3.2 Capital Market - **Open - Market Operations**: On February 3, the central bank conducted a 7 - day reverse repurchase operation of 105.5 billion yuan at a fixed interest rate of 1.40%. With 402 billion yuan of reverse repurchases maturing on the same day, the net withdrawal of funds was 296.5 billion yuan [10]. - **Funding Rates**: On February 3, the capital market was generally stable. DR001 decreased by 4.76bp to 1.371%, and DR007 increased by 0.66bp to 1.497%. Other funding rates also showed different degrees of change [11][12]. 3.3 Bond Market Dynamics - **Interest - Rate Bonds**: On February 3, the bond market fluctuated, with short - term interest - rate bonds being weak and medium - and long - term bonds being slightly strong. As of 20:00 Beijing time, the yield of the 10 - year Treasury bond active bond 250016 decreased by 0.40bp to 1.8110%, and the yield of the 10 - year China Development Bank bond active bond 250215 remained unchanged at 1.9580%. Multiple bonds were issued on the same day, with different issuance scales, winning bid yields, and multiples [14][15]. - **Credit Bonds**: On February 3, there were no credit bond transactions with a price deviation of more than 10%. Several companies had credit - related announcements, including debt repayment difficulties, litigation, debt restructuring, and issuance cancellations [16][18]. - **Convertible Bonds**: On February 3, the A - share market rose, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rising 1.29%, 2.19%, and 1.86% respectively. The main indexes of the convertible bond market also rose collectively. The trading volume of the convertible bond market was 97.548 billion yuan, an increase of 12.465 billion yuan from the previous trading day. Most convertible bond issues increased. Tomorrow (February 5), Haitian Convertible Bonds will start online subscriptions, and Shangtai Convertible Bonds will be listed [18][19][23]. - **Overseas Bond Markets**: - **U.S. Bond Market**: On February 3, the yields of U.S. Treasury bonds of different maturities showed divergent trends. The 2 - year U.S. Treasury bond yield remained unchanged at 3.57%, and the 10 - year U.S. Treasury bond yield decreased by 1bp to 4.28%. The 10 - year inflation - protected Treasury bond (TIPS) break - even inflation rate increased by 1bp to 2.36% [22][24][25]. - **European Bond Market**: On February 3, the yields of 10 - year government bonds of major European economies generally increased. The 10 - year German government bond yield increased by 2bp to 2.89%, and the yields of 10 - year government bonds of France, Italy, Spain, and the UK increased by 1bp, 1bp, 2bp, and 1bp respectively [26]. - **Chinese - Issued U.S. Dollar Bonds**: As of the close on February 3, the prices of Chinese - issued U.S. dollar bonds showed different degrees of change, with some rising and some falling [28].