FF301 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: 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年10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) | 02007 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,000,000,000 | | 增加 / 減少 (-) | | | | 0 | | HKD | | 0 | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,0 ...

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。 COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） 與本公司處理無法表示意見所採取的 行動有關的定期最新資料 本公告乃由碧桂園控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）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條及香港法例第571章證 券及期貨條例第XIVA部之內幕消息條文（定義見上市規則）而作出。 茲提述本公司於2025年4月28日刊發的截至2024年12月31日止財政年度的年度報告 （「年報」），其中本公司的獨立核數師中匯安達會計師事務所有限公司（「核數師」）由 於與編製本集團截至2024年12月31日止年度的綜合財務報表（「2024年綜合財務報 表」）的持續經營基礎的適當性評估有關的範圍限制，並無對2024年綜合財務報表發 表意見（「無法表示意見」）。除另有指明或文義另有所指外 ...

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2007) （於開曼群島註冊成立之有限公司） （股份代號：2007） NOTIFICATION LETTER 通知信函 26 September 2025 Dear Registered Shareholders, Country Garden Holdings Company Limited (the "Company") — Notice of publication of the Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication are now available on the Company's website at www.countrygarde ...

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2007) （於開曼群島註冊成立之有限公司） （股份代號：2007） NOTIFICATION LETTER 通知信函 Dear Non-Registered Holder(s) (Note 1) , Country Garden Holdings Company Limited (the "Company") — Notification of publication of the Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication are available on the Company's website at www.countrygarden.com ...

控股有限公司 Country Garden Holdings Company Limited 2025 中期報告 股份代號：2007 （於開曼群島註冊成立的有限公司） www.countrygarden.com.cn 碧桂園控股有限公司 Country Garden Holdings Company Limited 20 25 中 期 我們組建科技建築集團，打造由建築機器人、新型裝 配式、智能裝備、BIM數字化等構成的智慧建造體系， 努力實現安全、質量、效率、環保和科技的完美結 合，拓展施工總承包、勞務分包等業務，引領和推動傳統 建築業變革。 我們成立鳳凰智拓建管公司，積極外拓輕資產代管代建業 務，充分發揮集團積澱多年的設計、開發、成本、客戶資 源等多方面專業優勢，研究市場需求並不斷進行產品迭 代，攜手合作夥伴共同成就卓越項目。 報 告 碧桂園 是什麼 碧桂園是為社會創造 幸福生活的高科技綜合性企業。 我們積極投身機器人產業和科技建造事業 科技發展日新月異，機器人時代已經到來。我們投身 科技創新大潮，廣納人才、博採眾長，用科技的力量 為社會創造美好生活，助力國家科技進步和高質量發 展。 我們成立博智林機器人公 ...

Core Viewpoint - Country Garden is facing a liquidity crisis and is working on a debt restructuring plan involving domestic bonds totaling approximately 13.8 billion yuan, which could lead to over 50% reduction in debt principal and extend repayment terms up to 10 years with a reduced interest rate of 1% [1][2][3] Group 1: Debt Restructuring Details - The restructuring plan involves 9 domestic bonds with a total principal of approximately 13.8 billion yuan, with multiple options for investors [2][3] - If the restructuring is successful, it is expected to significantly reduce the company's debt burden and provide a critical breathing space for operations [1][3] - The restructuring will allow for a maximum debt term extension of 10 years, with no principal repayment pressure for the first 5 years and a reduced interest rate of 1% [2][3] Group 2: Financial Context - As of June 30, the total balance of the 9 bonds was approximately 13.858 billion yuan, with significant existing debt defaults [3][4] - Country Garden's total assets are approximately 909.328 billion yuan, but it has 186.184 billion yuan in domestic debt defaults or cross-defaults [3][4] - The company aims to complete the domestic debt restructuring by the first half of 2026 while managing ongoing project financing and loan extensions [3][5] Group 3: Industry Implications - The restructuring is seen as a pivotal moment for Country Garden in its efforts to resolve its debt crisis and achieve sustainable development [3][4] - The company is part of a broader trend among distressed real estate firms in China, with around 60 companies announcing debt restructuring progress, totaling over 1.2 trillion yuan [5] - Strategies such as cash buybacks, debt extensions, debt-to-equity swaps, and asset disposals are being widely adopted to improve restructuring success rates [5]

Group 1 - The company achieved revenue of RMB 23,185.5 million in the first half of 2025, representing a year-on-year growth of 10.2% [3] - Gross profit decreased by 3.5% to RMB 4,299.1 million, while net profit attributable to shareholders fell by 30.8% to RMB 996.6 million [3] - Adjusted basic earnings were RMB 1,567.7 million, down 14.8%, with adjusted basic earnings per share at 39.4 cents and a basic earnings rate of 6.8% [3] Group 2 - The decline in profitability was primarily due to debt waiver losses and a contraction in urban services and commercial operations [3] - Property management and related services accounted for over 90% of total revenue, but with limited profit elasticity [3] - The management has increased the basic dividend payout ratio for the fiscal year 2025 from 32.6% to 60% and initiated a share buyback plan of no less than RMB 5 billion to enhance shareholder returns and mitigate control risk [3] Group 3 - Management expects visibility in the industry to improve with the progress of the parent company's debt restructuring and housing delivery [3]

Group 1 - The core point of the news is that Country Garden (碧桂园) plans to restructure nine public market bonds, adjusting the repayment arrangements for principal and interest, and offering various options for bondholders [2] - As of the end of June, the total outstanding balance of the nine bonds is 13.85828 billion yuan, including several specific bond series [2] - The proposed adjustments extend the principal repayment deadline to September 2, 2035, with a structured repayment plan starting from September 2, 2031, involving gradual payments over nine periods [2] Group 2 - Bondholders accepting the adjusted repayment arrangements must also agree to changes in credit enhancement measures, including the removal of certain guarantees and the non-consideration of asset value fluctuations due to market or policy reasons as defaults [3] - Country Garden offers three additional restructuring options for bondholders, including a cash buyback option, a stock-for-debt option, and a conversion to general debt [4] - The cash buyback option allows for a maximum of 450 million yuan to be used for repurchasing bonds at 12% of their face value, with different allocation ratios for various bonds [4] Group 3 - The stock-for-debt option involves issuing up to 1.46 billion new shares at a price of 2.6 HKD per share, with bondholders waiving all interest accrued on the relevant bonds [5][6] - The newly issued shares can be sold within 24 months, with any unsold shares being forcibly sold in the 25th month [6] - The general debt conversion option allows bondholders to convert their bond holdings into non-bond general debt, with a repayment date extended to 2033 and an interest rate of 1% per year [6]

里昂证券报告指出，碧桂园服务上半年盈利下滑，表明行业基本面仍面临挑战。尽管如此，公司宣布将 全年派息率提高至60%，并进行股份回购，此举旨在提升股东回报。里昂证券将碧桂园服务今明两年的 盈利预测分别上调3.2%和下调5.8%，以反映减值调整，并将目标价从5.2港元上调至7.1港元，维持"持 有"评级。 ...

Group 1 - The core viewpoint of the report is that Citic Securities has raised the target price for Country Garden Services (06098) by 36.5%, from HKD 5.2 to HKD 7.1, while maintaining a "Hold" rating [1] - The report indicates that the profit decline in the first half of 2025 reflects ongoing challenges in the overall industry fundamentals [1] - The board announced an increase in the basic dividend payout ratio from 32.6% for the fiscal year 2024 to 60% for the fiscal year 2025, along with a share buyback of RMB 500 million [1] Group 2 - Citic Securities has adjusted its earnings forecast for the company, increasing the 2025 profit estimate by 3.2% and decreasing the 2026 profit estimate by 6.8% to reflect changes in impairment loss predictions [1] - The valuation method has been reverted to the traditional price-to-earnings (PE) ratio [1]