Core Viewpoint - Country Garden is facing scrutiny due to rumors of a large-scale recall of former employees, which the company clarified is a routine update to its internal rehiring policy rather than a new initiative [1][3]. Group 1: Company Policy and Management - The internal document regarding the rehiring of former employees was released in January and aims to ensure a stable workforce during the company's recovery phase [3][4]. - Country Garden emphasizes that the adjustment to the rehiring policy is a regular update and not a new policy, highlighting the importance of talent for sustainable development [4]. - The company has a mechanism for regular review of internal management policies to align with operational needs [4]. Group 2: Future Outlook and Strategic Planning - Chairman Yang Huiyan has defined 2026 as a critical year for the company, focusing on completing housing deliveries and transitioning to normal operations [5]. - The company plans to deliver approximately 1.85 million housing units from 2022 to 2025, maintaining a leading position in the industry for delivery volume [5]. - Future strategies will focus on enhancing core competitiveness and adapting product designs to meet diverse customer needs [5]. Group 3: Financial Restructuring and Performance - Country Garden's debt restructuring, which includes approximately $17.7 billion in foreign debt and around 137.7 billion RMB in domestic debt, is expected to reduce total debt by nearly 90 billion RMB [6]. - The company has already made significant payments to creditors following the debt restructuring, exceeding market expectations [6]. - Recent operational data shows that in the first two months of 2026, the company achieved contract sales of approximately 2.23 billion RMB, ranking among the top ten in sales among Chinese real estate firms [7].

Core Viewpoint - Country Garden is reportedly recalling a significant number of former employees after reducing its workforce by over 110,000 in the past seven years. The company clarifies that this adjustment is a routine update of existing policies rather than a new initiative [1]. Group 1: Employee Management - Country Garden is implementing a "Recall of Former Employees Management Policy" as part of its regular internal management review process, which occurs annually to align with operational needs [1]. - The company emphasizes that attracting and retaining talented individuals is crucial for sustainable development, utilizing a multi-channel approach for talent selection, including internal promotions and external recruitment [1]. Group 2: Debt Restructuring - The offshore debt restructuring plan for Country Garden, amounting to approximately $17.7 billion, is progressing rapidly, with the plan set to take effect by December 30, 2025 [1]. - In the first week following the restructuring's effectiveness, Country Garden paid around $398 million in cash to creditors, representing about 2% of the total debt principal [2]. - The restructuring includes a combination of new notes, convertible bonds, and mandatory exchangeable bonds to cater to different risk appetites among creditors [2]. Group 3: Domestic Debt Restructuring - The restructuring proposals for nine domestic bonds, totaling approximately 13.77 billion yuan, have been approved by creditor meetings, with expectations of reducing debt principal by over 50% [2]. - The new terms include a maximum debt maturity of 10 years, no repayment pressure for the next five years, a reduced interest rate of 1%, and a payment structure of "principal first, then interest" [2]. Group 4: Sales Performance - Despite the overall industry being in a bottoming phase, Country Garden has shown positive signs in sales, achieving its "no closure during the Spring Festival" target with a significant year-on-year increase in daily subscriptions during this period [2]. - The company’s president indicates that March and April will be critical observation periods for advancing sales efforts [2].

Core Viewpoint - Country Garden (02007.HK) will hold a board meeting on March 30, 2026, to consider and approve the annual performance for the year ending December 31, 2025, along with its release [1] Group 1 - The board meeting is scheduled for March 30, 2026 [1] - The meeting will focus on the annual performance of the company and its subsidiaries [1] - The performance period under consideration ends on December 31, 2025 [1]

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 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。 （於開曼群島註冊成立之有限公司） （股份代號：2007） 董事會會議日期 碧桂園控股有限公司（「本公司」）謹此公佈，本公司將於2026年3月30日（星期一）舉 行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至2025年12月31 日止年度之全年業績及其發佈。 承董事會命 碧桂園控股有限公司 總裁兼執行董事 程光煜 中國廣東省佛山市，2026年3月18日 於本公告日期，本公司的執行董事為楊惠妍女士（主席）、莫斌先生（聯席主席）、程光煜博士（總裁）、楊子莹 女士及伍碧君女士。本公司的非執行董事為陳翀先生。本公司的獨立非執行董事為韓秦春博士、王志健先生 及脱脱先生。 ...

Core Viewpoint - Recent rumors about Country Garden (02007.HK) initiating a "large-scale recall of former employees" have been clarified by the company, stating that there is no such plan, and re-hiring is only for specific key positions as a regular channel [1] Group 1: Employee Management - Country Garden has revised its internal document "Rehiring Management Measures for Departed Employees" in January, which is not a new policy but an update [1] - The total number of employees at Country Garden has significantly decreased, from 93,899 at the end of 2020 to 22,794 by the end of 2024, representing a 47% year-on-year decline [1] - By June 30, 2025, the number of full-time employees is expected to further drop to 17,920 [1] Group 2: Financial Performance - The total employee compensation has decreased from approximately 20.693 billion yuan to about 5.078 billion yuan [1] - For 2025, Country Garden's cumulative equity contract sales amount is approximately 33 billion yuan, averaging about 2.75 billion yuan per month [2] - In the first two months of 2026, the total equity contract sales reached 4.44 billion yuan, with an average sales amount of about 2.22 billion yuan, showing a decline compared to the average for 2025 [2] Group 3: Debt Restructuring - The debt restructuring for both domestic and international debts has been largely completed, with an offshore debt restructuring plan of approximately 17.7 billion USD approved by the Hong Kong High Court on December 4, 2025 [4] - A restructuring plan for nine domestic bonds, totaling approximately 13.77 billion yuan, was also approved by bondholders [4] - As of March 18, Country Garden's stock price was 0.31 HKD per share, reflecting a decline of 1.59% [4]

Group 1 - The core point of the news is that Country Garden has initiated a large-scale recall plan for former employees to meet the demands of new project development during its operational recovery phase, referred to as the "largest veteran recall plan" [1] - The updated "Rehiring Management Measures" was officially introduced on January 26, which includes various hard conditions for background checks on applicants [1] - Country Garden's employee count has significantly decreased from approximately 131,400 at the end of 2018 to 17,900 by mid-2025 due to the overall contraction of the real estate industry [1] Group 2 - Over the past year, Country Garden has focused on debt restructuring, successfully passing an offshore debt restructuring plan totaling $17.7 billion (approximately 127 billion yuan) in November, marking the largest offshore debt restructuring case in the domestic real estate sector in recent years [2] - The restructuring plan includes a combination of cash buybacks, equity tools, new debt swaps, and physical interest payments, with the company paying $398 million to creditors at the beginning of this year [2] - The completion of the offshore debt restructuring is expected to reduce the company's debt burden by approximately $11.7 billion, corresponding to about 84 billion yuan of interest-bearing debt [2] Group 3 - Recent actions have alleviated Country Garden's short-term liquidity pressure, and a Hong Kong High Court ruling dismissed a winding-up petition against the company, relieving legal pressures [3] - The debt restructuring extends the company's repayment pressure up to 11.5 years, allowing a shift in focus towards sales recovery and project delivery [3] - The company has set 2026 as a critical year for transitioning from ensuring housing delivery to normal operations, aiming to complete most housing delivery tasks by mid-2026 [3] Group 4 - Despite the positive outlook, sales performance has not yet improved, with average monthly sales of 2.23 billion yuan in the first two months of this year, a decline of about 19% compared to the average of 2.75 billion yuan in 2025 [3] - Recent policy adjustments in major cities, including Beijing and Shanghai, are seen as indicators that the market may stabilize, with early signs of price increases in key cities [3] - In a recent management meeting, the company emphasized the importance of aligning regional projects with local government policies and urged all staff to focus on sales efforts during March and April [4]

Group 1 - The company, Country Garden (碧桂园), announced the issuance of 5.4054 million shares related to zero-coupon mandatory convertible bonds maturing in 78 months from June 30, 2025 [1]

Core Viewpoint - Country Garden (碧桂园) announced the issuance of 5.4054 million shares related to zero-interest mandatory convertible bonds, which will mature in 78 months starting from June 30, 2025 [1] Group 1 - The company will issue 5.4054 million shares as part of the convertible bond arrangement [1] - The bonds are set to mature on March 18, 2026, with a term of 78 months [1] - The bonds will have no interest, indicating a unique financing structure for the company [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18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 | | | | | | | | | | 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（不 ...

3月18日，针对"碧桂园出台措施大规模召回离职员工"的市场消息，碧桂园方面回应中国证券报·中证金 牛座记者称，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。同时，公司建立了常态化内部管理制度检视 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。本次《离职人员返聘管理办法》的 调整，即是已有制度的常规修订更新，并非新出台措施。 ...