Core Viewpoint - Sunac China has entered a substantial phase of business recovery following the completion of its debt restructuring, with a significant project in Tianjin being relaunched in collaboration with CITIC Group [1][2]. Group 1: Debt Restructuring and Recovery - Sunac China has successfully completed a series of debt restructuring operations, including domestic debt restructuring, a reduction of nearly 60 billion yuan in debt, and a debt-to-equity swap for overseas debts [1][5]. - The company has transitioned from risk mitigation to normal operations, as indicated by Sun Hongbin's public appearances and focus on business recovery [1][7]. - The debt restructuring has significantly reduced the company's debt burden, leading to substantial savings in interest expenses and improved asset-liability ratios, which are crucial for sustainable operations [6]. Group 2: Project Relaunch and Strategic Partnerships - The Tianjin Meijiang project has seen a complete ownership change, with CITIC Trust taking full control, marking a key collaboration between Sunac China and CITIC Group [2][4]. - CITIC Group will provide comprehensive financial support and services for the project, indicating a shift from Sunac's previous aggressive acquisition strategy to a more stable operational model [2][3]. - The project relaunch is viewed as a critical step in Sunac China's recovery from its debt crisis and is expected to accelerate its operational restoration [2][8]. Group 3: Business Focus and Future Outlook - Sunac China plans to focus on core city layouts and high-quality projects, aiming to synergize its real estate development, property management, and cultural tourism operations [7][8]. - The company reported that its property management and cultural tourism segments generated over 5.6 billion yuan in revenue in the first half of 2025, accounting for 28.3% of total revenue, indicating a positive trend in these areas [7]. - With a total land reserve of 124 million square meters, primarily in core first- and second-tier cities, Sunac China is well-positioned to leverage market recovery for sales growth [8].

Core Viewpoint - On January 22, 2026, Sunac China (01918) will issue 959 million new shares as part of a zero-coupon mandatory convertible bond issuance, which was initially announced on December 23, 2025, with a maturity date in 2026 [1] Group 1 - As of January 22, 2026, shareholders of Sunac China deposited stocks into HSBC Hong Kong, with a market value of HKD 1.299 billion, representing 8.71% of the total [1]

智通财经APP获悉，香港联交所最新资料显示，1月22日，融创中国(01918)股东将股票存入香港上海汇 丰银行，存仓市值12.99亿港元，占比8.71%。 融创中国发布公告，于2026年1月22日，该公司根据于2025年12月23日发行2026年到期的零票息强制可 转换债券 ("强制可转换债券1") 配发及发行9.59亿股新股。 ...

智通财经APP讯，融创中国(01918)发布公告，于2026年1月22日，该公司根据于2025年12月23日发行 2026年到期的零票息强制可转换债券 ("强制可转换债券1") 配发及发行9.59亿股新股。 ...

融创中国(01918)发布公告，于2026年1月22日，该公司根据于2025年12月23日发行2026年到期的零票息 强制可转换债券("强制可转换债券1")配发及发行9.59亿股新股。 ...

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： 融創中國控股有限公司 呈交日期： 2026年1月22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) | 01918 | 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 | | | | | | ...

智通财经APP讯，融创中国(01918)发布公告，于2026年1月19日根据强制可转换债券配发及发行13.66亿 股新股。 ...

融创中国(01918)发布公告，于2026年1月19日根据强制可转换债券配发及发行13.66亿股新股。 ...

FF305 | 3). 轉換可轉換債券/票據 - 涉及新股 | | 83,637,338 | 0.66 % | HKD | 6.8 | | | --- | --- | --- | --- | --- | --- | --- | | 根據強制可轉換債券1配發及發行新股 | | | | | | | | 變動日期 | 2026年1月14日 | | | | | | | 4). 轉換可轉換債券/票據 - 涉及新股 | | 1,365,520,551 | 10.82 % | HKD | 6.8 | | | 根據強制可轉換債券1配發及發行新股 | | | | | | | | 變動日期 | 2026年1月19日 | | | | | | | 於下列日期結束時的結存 (註5及6) | 2026年1月19日 | 14,334,136,758 | | 0 | | 14,334,136,758 | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | | 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 ...

Core Viewpoint - The company, Sunac China, has successfully completed its "guaranteed delivery" initiative, delivering a total of over 720,000 units from 2022 to 2025, which is crucial for restoring market confidence and maintaining social stability [1] Group 1: Delivery Performance - In 2025, the company plans to deliver 54,000 new homes, with previous years' deliveries being 186,000 in 2022, 312,000 in 2023, and 170,000 in 2024, totaling over 720,000 units over four years [1] - The "guaranteed delivery" initiative is a key indicator of the company's operational stability and has been successfully implemented across 101 cities [1] Group 2: Sales Performance - In December 2025, the company achieved a contract sales amount of approximately RMB 2.95 billion, representing a year-on-year increase of 68.57%, with a contract sales area of about 272,000 square meters and an average contract sales price of approximately RMB 10,850 per square meter [1] Group 3: Debt Restructuring and Land Reserve - The company's offshore debt restructuring plan became effective at the end of December last year, allowing for a comprehensive acceleration of its operational activities [1] - As of June 30, 2025, the total land reserve, including joint ventures and associates, is approximately 124 million square meters, with about 70% located in first- and second-tier cities, and unsold land reserves amounting to approximately 92 million square meters [1]