FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年3月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份 ...

公司名稱: 貝殼控股有限公司 呈交日期: 2026年3月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 24,114,698,720 | USD | | 0.00002 | USD | | 482,293.97 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 24,114,698,720 | USD | | 0.00002 | USD | | 482,293.97 | | 2. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | B | | 於香港聯交所上市 (註1) | | 否 | | | | --- | --- ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年3月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | ...

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。 KE Holdings Inc. 貝殼控股有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2423） 參與者在線登記： 董事會會議召開日期 英文專線：https://s1.c-conf.com/diamondpass/10052404-g5f4d3.html 貝殼控股有限公司（「本公司」，連同其附屬公司及合併聯屬實體，統稱「本集團」） 董事會（「董事會」）茲通告謹定於2026年3月16日（星期一）舉行董事會會議，以 （其中包括）考慮及通過(i)本集團截至2025年12月31日止三個月的未經審計財務業 績及其發佈，(ii)本集團截至2025年12月31日止的未經審計全年業績及其發佈， 以及(iii)派發末期股息（如有）。 中文同聲傳譯專線（僅供聆聽）：https://s1.c-conf.com/diamondpass/10052407-e3f4ch.html 本公司的管理層將於 ...

Core Viewpoint - KE Holdings Inc. will report its unaudited financial results for Q4 and fiscal year 2025 on March 16, 2026, before the U.S. market opens [1]. Group 1: Financial Reporting - The earnings conference call is scheduled for 8:00 A.M. Eastern Time on March 16, 2026, with registration required for participants [2]. - A replay of the conference call will be available until March 23, 2026, with specific dial-in numbers provided for different regions [2]. Group 2: Company Overview - KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services in China, operating under the brand Lianjia [3]. - The company has over 24 years of experience through Lianjia, which supports its infrastructure and standards for housing transactions [3].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年3月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 02423 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 | 已發行股份 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 貝殼控股有限公司 呈交日期： 2026年3月3日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | | 02423 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | ...

Summary of Greater China Property and Conglomerates Conference Call Industry Overview - **Industry**: Greater China Property Sector - **Current Trend**: The sector is expected to experience another two years of downcycle, particularly in China, while Hong Kong shows signs of selective recovery [6][12]. Key Insights - **New Home Sales**: Continued decline in new home sales was reported in January 2026, with top 100 developers' attributable contract sales down by 25% year-over-year [11][12]. - **Secondary Market Activity**: There was an acceleration in secondary residential transactions in January 2026, indicating some market activity despite overall declines [14]. - **Inventory Levels**: Primary inventory months remain high across various city tiers, with lower-tier cities reaching historical highs [20][22]. Company Performance - **CR Land (1109.HK)**: Rated as "Buy" with a target price of 36.00, representing a 13% upside. The company has a market cap of 29.1 billion [7]. - **COLI (0688.HK)**: Rated as "Neutral" with a target price of 13.80, showing a potential decline of 5% [7]. - **Longfor (0960.HK)**: Rated as "Neutral" with a target price of 10.20, indicating a slight upside of 2% [7]. - **Vanke (2202.HK)**: Rated as "Sell" with a target price of 2.60, indicating a significant potential decline of 31% [7]. - **C&D International (1908.HK)**: Rated as "Buy" with a target price of 17.00, indicating an 11% upside [7]. - **Greentown China (3900.HK)**: Rated as "Buy" with a target price of 15.00, indicating a substantial upside of 41% [7]. Market Dynamics - **Rental Market**: Rental yield in tier 1 cities was reported to be 1.22 percentage points below the average mortgage rate as of December 2025, indicating a challenging environment for landlords [30]. - **Land Sales**: Land sales value in 300 cities declined by 48% year-over-year in January 2026, with tier 1 cities showing a 77% decline [36][37]. - **Social Rental Housing**: The supply of social rental housing has started to cannibalize private residential housing rental, affecting rental dynamics [32]. Additional Observations - **Market Sentiment**: The overall sentiment in the property sector remains cautious, with analysts highlighting the need for strategic positioning in a declining market [6][12]. - **Future Outlook**: The report suggests that investors should remain vigilant and consider the potential for selective recovery in certain markets, particularly in Hong Kong [6][12]. This summary encapsulates the key points from the conference call regarding the Greater China property sector, highlighting both challenges and opportunities within the market.

Core Insights - The company announced a donation of stocks worth 400 million yuan to establish the "Health Guardian Fund" for over 500,000 platform service providers, reflecting a commitment to social responsibility and employee welfare [1][2] - The management's internal communication emphasized a deep reflection on the company's development and a strategic adjustment to face challenges in the real estate market, moving away from blaming external factors [1][3] Group 1: Donation and Social Responsibility - The "Health Guardian Fund" will include three sub-projects: "Life Emergency Fund" for critical illness, "Home Support Fund" for those who lose their ability to work, and "Children's Education Fund" for eligible beneficiaries with children [2] - The founders have collectively donated 19 million shares worth 840 million yuan within a year, primarily aimed at supporting frontline workers [2] Group 2: Strategic Adjustments and Business Model - The company is undergoing a strategic upgrade to "one body with three wings," focusing on four business lines: brokerage, home decoration, housing services, and Beihome, with non-real estate business revenue reaching a historical high of 45% by Q3 2025 [4][5] - The company aims to enhance organizational efficiency and service quality by eliminating departmental barriers and simplifying decision-making processes [5] Group 3: Embracing Technology and AI - The company recognizes the importance of AI in the industry, establishing a strategy where "machines assist" while "humans remain the main actors," focusing on empowering service providers with technology [6] - Training programs will be reformed to build capabilities in utilizing new technologies, ensuring service providers can effectively assist consumers in making informed decisions [6] Group 4: Market Outlook and Industry Position - The real estate market is showing signs of recovery, with policy adjustments in major cities, indicating a potential turnaround for the industry [7] - The company believes that only proactive enterprises that do not "lie flat" will lead the industry out of its current downturn [7]

Group 1 - China Qinfa (00866) experienced a significant drop in performance, forecasting a net loss of up to RMB 98 million for the year, a stark contrast to a net profit of approximately RMB 556 million in 2024, primarily due to the divestment of its Shanxi coal business [1] - WuXi AppTec (02268) saw its stock rise over 8% after announcing a positive earnings forecast for 2025, with revenue projections slightly adjusted to RMB 5.88 billion, RMB 8.28 billion, and RMB 11.11 billion for 2025-2027, reflecting a strong CAGR of 38% to 46% driven by growth in CMC orders [1] - Lao Pu Gold (06181) increased by over 4.2% as it announced a price hike for gold jewelry, leading to long queues at stores ahead of the price increase [1] Group 2 - Yancoal Australia (03668) reported a projected net profit of AUD 440 million for 2025, a decline of 64% year-on-year, with earnings per share at AUD 0.33, aligning with market expectations [2] - JS Global Life (01691) issued a profit warning, anticipating a net loss of up to USD 22.5 million for 2025, compared to a net profit of USD 8.8 million in the previous year [2] - Chow Tai Fook (00659) saw a decline of over 4% post-earnings announcement, despite reporting a 15% year-on-year increase in shareholder profit to HKD 1.3343 billion [2] Group 3 - Federal Pharmaceutical (03933) stock rose over 3% following the completion of Phase II clinical trials for its innovative drug UBT251 in overweight/obese patients in China [3] - Guofu Quantum (00290) surged over 7%, with a cumulative increase of over 40% in the past seven trading days, following its inclusion in the Hang Seng Composite Index [4] - Xiansheng Pharmaceutical (02096) projected revenue of approximately RMB 7.7 billion to RMB 7.8 billion for the fiscal year ending December 31, 2025, marking a year-on-year increase of about 16% to 17.6% [4] Group 4 - The Nasdaq Golden Dragon China Index fell over 2%, with major Chinese concept stocks declining, including Beike (BEKE.US) down 5.62% and Alibaba (BABA.US) down 2.78% [5] - Nvidia (NVDA.US) reported better-than-expected earnings but saw its stock drop over 5% due to market concerns about potential bubbles despite a 73% increase in fourth-quarter revenue [5] - Zoom Video Communications (ZM.US) fell 11.58% after missing earnings expectations for the fourth quarter, reporting adjusted earnings of USD 1.44 per share, below the expected USD 1.49 [6]