Core Viewpoint - Country Garden has been officially included in the FTSE Russell Global Equity Index Series, marking it as the only newly added real estate stock in this adjustment [1] Group 1: Inclusion in Global Indices - Country Garden was also included in the MSCI China Small Cap Index on February 27, making it the second major global index inclusion within a month [1] - The FTSE Russell adjustment saw a significant number of new additions, with 119 stocks added in developed markets and 156 in emerging markets, while 83 and 45 stocks were removed respectively [1] - Among the new additions, 106 small-cap stocks were included, with 10 from Hong Kong, primarily focusing on resources and technology, while Country Garden stands out as the sole new real estate stock [1] Group 2: Market Context - In the MSCI index adjustment, 21 stocks were added to the China Small Cap Index, with 11 stocks removed, again highlighting Country Garden as the only new real estate stock [1]

Core Viewpoint - Country Garden Services (碧桂园服务) announced the cancellation of 87.996 million repurchased shares on March 19, 2026, and the issuance of 100,000 shares due to the exercise of stock options on March 11, 2026 [1] Group 1 - The company is actively managing its share capital by canceling a significant number of repurchased shares [1] - The issuance of new shares indicates ongoing employee stock option plans, reflecting the company's commitment to incentivizing its workforce [1]

Group 1 - The company, Country Garden Services (06098.HK), announced the cancellation of 87.996 million shares that were repurchased as of March 19, 2026 [1] - A board meeting is scheduled for March 27 to approve the annual year-end performance [1]

Core Viewpoint - Country Garden has been included in the FTSE Russell Global Stock Index series, effective March 20, marking it as the only newly added real estate stock in this adjustment [1][2]. Group 1: Index Inclusion Impact - Country Garden has been added to two major global indices within a month, first to the MSCI index on February 27, where it was the only new real estate stock among 21 additions and 11 removals [1][2]. - The inclusion in these indices is expected to lead to a significant influx of passive capital, as global passive funds tracking these indices will be required to purchase Country Garden shares according to their weightings, creating a stable incremental buying pressure [1][2].

Group 1 - Country Garden Services announced the cancellation of 87.996 million repurchased shares on March 19, 2026 [1] - The company issued 100,000 shares on March 11, 2026, due to the exercise of stock options [1]

Group 1 - The company, Country Garden, announced the issuance of a total of 26.5492 million shares due to the conversion of convertible bonds on March 19, 2026 [1]

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： 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： 2026年3月19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 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | | 02007 | 說明 | 普通股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 ...

Core Viewpoint - Country Garden has introduced a "Rehiring Management Policy" to facilitate a large-scale recall of former employees, signaling a shift towards business recovery and new project development [2][3]. Group 1: Company Strategy - The rehiring policy aims to ensure orderly business progress and align with the company's recovery phase and new project demands [2]. - Country Garden emphasizes that the adjustment of the rehiring policy is a routine update rather than a new initiative, reflecting a commitment to regular review and optimization of management systems [2]. - The company views talent as a crucial driver for sustainable development, utilizing various channels for talent acquisition, including internal rehires and external recruitment [2]. Group 2: Industry Context - Since the industry entered a correction phase in 2021, many real estate companies, including Country Garden, have undergone significant organizational restructuring and layoffs, with Country Garden's workforce decreasing from over 130,000 in 2018 to less than 23,000 by the end of 2024, representing a reduction of over 80% [3]. - This workforce reduction reflects the harsh realities faced by real estate companies during the industry's deep adjustment period, where survival necessitated extreme cost-cutting measures [3]. Group 3: Future Outlook - The chairman of Country Garden, Yang Huiyan, stated that 2026 will be a critical year for completing housing deliveries and restoring normal operations, with a focus on achieving positive operating cash flow and overall profitability [4]. - The company plans to transition from housing delivery to normal operations in 2026, marking a pivotal year for its strategic development over the next 3-5 years, with a focus on building core competitiveness [4]. - The strategy includes supplementing the business team through rehiring, which is expected to expedite the implementation of new projects due to the familiarity of returning employees with the company's processes and culture [4].

就此，碧桂园方面向记者表示，本次《离职人员返聘管理办法》的调整，是对已有制度的常规修订更 新，并非新出台政策。碧桂园内部建立了常态化对管理制度检视机制，每年会结合经营实际与管理需 求，对现有制度进行检视优化。 事实上，返聘也是碧桂园常用的补充人才的方式。"优秀人才是公司可持续发展的源动力。公司的人才 任用始终围绕业务实际需求，从内部三好人才、优秀员工返聘、外部人才社招等多渠道综合选拔。"碧 桂园表示。 但这一消息能引起市场广泛关注的背后，是业内对一家曾经的头部房企在经营层面转好的预期。 在上海易居房地产研究院副院长严跃进看来，碧桂园此次举动是其经历深度调整后，经营重心发生实质 性转变的信号，正着手为现有业务补充力量，逐步迈入"经营恢复"的重塑阶段。 自2021年行业进入调整期以来，各大房企都进行了不同程度的组织架构调整，以及大规模的裁员以最大 程度压缩成本支出。据Wind数据，碧桂园员工总数在2018年时曾达到超13万人的峰值，此后一路震荡 下降至2024年底仅剩不足2.3万人，减员幅度超过80%。 2024年底碧桂园员工仅剩不足2.3万人。 近日，有市场消息称，碧桂园发布了《离职人员返聘管理办法》，要进行" ...

Core Viewpoint - The recent news regarding Country Garden's large-scale recall of former employees has sparked significant market interest, although the company clarified that the related policy is a routine update rather than a new initiative [2][3][5]. Group 1: Employee Management - Country Garden's internal document, the "Rehiring Management Measures for Departed Employees," was updated in January 2023, aiming to ensure orderly business operations and support key positions during the company's recovery phase [4][5]. - The company emphasizes that the adjustment of the rehiring policy is a regular update and not a new policy, highlighting the importance of talent for sustainable development [5][6]. - The employee count at Country Garden peaked at 131,387 in 2018, but has since decreased significantly, with only 17,900 employees reported in the mid-2025 financials [7]. Group 2: Business Strategy and Future Outlook - Chairman Yang Huiyan has defined 2026 as a critical year for completing housing deliveries and transitioning to normal operations, with a clear timeline to finish most delivery tasks by mid-2026 [8]. - The company aims to focus on building core competitiveness over the next 3-5 years, with plans to enhance product offerings and adapt to diverse customer needs [8][9]. - Country Garden has been preparing for "second growth," including significant debt restructuring, which is expected to reduce overall debt by nearly 90 billion yuan and lower financing costs to 1%-2.5% [10]. - The company has also streamlined its organizational structure, reducing its property regions from 13 to 10 to improve operational efficiency [10]. Group 3: Sales Performance - In the first two months of 2026, Country Garden reported a contract sales amount of approximately 2.23 billion yuan, corresponding to a sales area of about 290,000 square meters [10]. - The company ranked among the top ten in sales rights and operational area among Chinese real estate firms during January-February 2026 [11]. - The management has identified March-April as a crucial observation window for sales activities, emphasizing the need for systematic sales efforts [12].