Core Insights - China's urbanization is transitioning from rapid growth to stable development, focusing on high-quality urban renewal as a new economic growth point [1] - Ruian Real Estate is elevating its "XINTIANDI" brand from a commercial project to a community brand, emphasizing comprehensive solutions for urban renewal [1][2] - The company aims to integrate residential, office, commercial, and cultural ecosystems to provide demonstrative solutions for future cities [1][2] Group 1: Urban Renewal Strategy - Ruian Real Estate has successfully revitalized the Shanghai Shikumen historical district using a "developmental protection" model, creating a multifunctional community that combines culture, commerce, and living spaces [2] - The company has developed various community solutions, including landmark communities, regional center communities, micro-vacation communities, and knowledge innovation communities [2] - The brand upgrade reflects the core proposition of "there's always a new world," focusing on organic updates in space, content, and services [2][3] Group 2: Community Development Initiatives - The six projects previously named "Tiandi" will now be unified under the "XINTIANDI" brand, while specific knowledge innovation communities will retain their original names [3] - Ruian plans to enhance its community development solutions by upgrading urban micro-vacation experiences and establishing new benchmarks for regional center communities [3][6] Group 3: Cultural and Economic Impact - The flagship community, Shanghai XINTIANDI, has expanded its area by 2.4 times since 2021, now covering 1.2 square kilometers [4] - New projects like XINTIANDI Dongtaili will focus on local culture and diverse culinary experiences, aiming to stimulate cultural consumption in the Huangpu core area [5] - The company emphasizes the importance of "locality" in community building, ensuring that developments meet the needs of the people and the specific characteristics of the land [6][7]

[Supplementary Announcement Overview](index=1&type=section&id=Supplementary%20Announcement%20Overview) This supplementary announcement clarifies and confirms the compliance of related party transactions disclosed in Shui On Land Limited's 2024 annual report [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) This announcement supplements Shui On Land Limited's 2024 annual report, clarifying and confirming the compliance of related party transactions disclosed in the annual report under HKEX Listing Rule 14A.72 - This announcement supplements Shui On Land Limited's 2024 annual report, aiming to clarify the compliance of related party transactions[3](index=3&type=chunk)[4](index=4&type=chunk) [Disclosure and Compliance of Related Party Transactions](index=1&type=section&id=Disclosure%20and%20Compliance%20of%20Related%20Party%20Transactions) The company confirms that, except for specific transactions, related party transactions disclosed in Note 39 of the 2024 annual report's consolidated financial statements do not constitute related party transactions or continuing related party transactions requiring compliance with Listing Rule Chapter 14A's announcement, circular, shareholder approval, and/or reporting requirements; the company has complied with Chapter 14A for these specific transactions - The company confirms that, except for specific transactions, related party transactions disclosed in the annual report do not constitute related party transactions requiring compliance with Listing Rule Chapter 14A[4](index=4&type=chunk) - The company has complied with Listing Rule Chapter 14A for these specific transactions[4](index=4&type=chunk) [Related Party Transactions Not Subject to Listing Rules](index=1&type=section&id=Related%20Party%20Transactions%20Not%20Subject%20to%20Listing%20Rules) This section clarifies related party transactions that do not require compliance with HKEX Listing Rule Chapter 14A - Except for the three specific types of transactions explicitly listed in this announcement, other related party transactions disclosed in Note 39 of the 2024 annual report do not constitute related party transactions requiring compliance with Listing Rule Chapter 14A[4](index=4&type=chunk) [Related Party Transactions Subject to Listing Rules](index=1&type=section&id=Related%20Party%20Transactions%20Subject%20to%20Listing%20Rules) This section details specific related party transactions that require compliance with HKEX Listing Rule Chapter 14A - Transactions disclosed in the 'Related Party Transactions' section of the Directors' Report on pages 100-101 of the 2024 annual report[4](index=4&type=chunk) - Transactions with parties mentioned in notes (i), (ii), and (iii) of Note 39(a) to the consolidated financial statements on pages 174-175 of the 2024 annual report[4](index=4&type=chunk) Related Party Transactions Involving Service Fee Expenses | Transaction Type | Amount (RMB) | Related Party | 2024 Annual Report Page | | :--- | :--- | :--- | :--- | | Service Fee Expenses | Approximately **8,000,000** | Non-controlling shareholders of certain subsidiaries (Shanghai Jiuhai Industrial Co., Ltd., Shanghai Yangpu Knowledge Innovation Zone Investment Development Co., Ltd., and China Life Capital Investment Co., Ltd.) | 174 (Note 39) | [Other Information](index=2&type=section&id=Other%20Information) Except for the content disclosed in this supplementary announcement, the remaining content of the 2024 annual report remains unchanged; the announcement also lists the updated board of directors - Except as disclosed in this announcement, the remaining content of the 2024 annual report remains unchanged[5](index=5&type=chunk) - The announcement lists the company's board of directors as of September 12, 2025, including Chairman Mr. Vincent H.S. Lo, Deputy Chairman Ms. Stephanie B.Y. Lo, CEO Ms. Jessica Y. Wang, CFO and CIO Mr. Sunny S.H. Sun, and several independent non-executive directors[7](index=7&type=chunk)

Core Viewpoint - The real estate market in China is still undergoing significant adjustments, with uncertainties remaining. The company emphasizes maintaining financial stability and focusing on cash flow management while exploring high-potential opportunities in first-tier cities, particularly in the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area [2][5]. Financial Performance - In the first half of 2025, the company reported revenue of 2.074 billion yuan, unchanged year-on-year, and a profit of 81 million yuan, down 56% year-on-year. However, core profit, excluding fair value impairment of investment properties, increased by 144% to 263 million yuan [2]. - The company achieved a contract property sales amount of 3.473 billion yuan, a significant increase of 457% year-on-year, with residential sales contributing 3.29 billion yuan and commercial property sales 183 million yuan [3]. Market Insights - The company’s chairman noted that the real estate market, especially in third and fourth-tier cities, is still in a "bottoming" phase. However, there are structural opportunities in the high-end segment driven by improving demand [2]. - The high-end residential market in Shanghai is particularly strong, with sales of luxury homes priced over 30 million yuan reaching 313,000 square meters in the first half of 2025. Nearly 60% of the top luxury homes sold in China are located in Shanghai [3]. Future Sales and Projects - The company plans to have approximately 131,000 square meters of residential properties available for sale and pre-sale in the second half of the year, with significant projects in Shanghai and Wuhan [4]. - As of June 30, 2025, the company had a total saleable value of residential properties amounting to 48.6 billion yuan, with its equity value at approximately 24.9 billion yuan [4]. Strategic Focus - The company will continue to adopt a cautious approach, focusing on first-tier cities while maintaining financial health. It aims to enhance its brand influence in the mid-to-high-end market through its "Best-in-class" product strategy [5]. - The company has expanded its portfolio by adding three light-asset projects, including a significant collaboration in Shanghai, which is expected to generate over 30 billion yuan in residential value [6][7]. Market Outlook - The chairman expressed that the bottoming process of the real estate industry will take time, but the overall market is expected to stabilize despite facing challenges [8].

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 | | | 致：香港交易及結算所有限公司 公司名稱: 瑞安房地產有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00272 | | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 8,027,265,324 | | 0 | | 8,027,265,324 | | 增加 / 減少 (-) | | | | 0 | | | | | | 本月底結存 | | | | 8,027,265,324 | | 0 | | 8,027,265,324 | 第 2 ...

Group 1 - The core viewpoint of the article highlights the ongoing challenges in the real estate industry, with companies like Ruian Real Estate facing difficulties in financing while managing to maintain profitability in the first half of 2025 [1] - Ruian Real Estate reported a revenue of 2.074 billion yuan in the first half of 2025, which remained flat year-on-year, while profit decreased by 56% to 81 million yuan, with core profit increasing by 144% to 263 million yuan after excluding fair value impairment of investment properties [1] - The company achieved a contract property sales amount of 3.473 billion yuan, representing a significant year-on-year increase of 457% [1] Group 2 - Management expressed that while the overall recovery of the Chinese residential market is slow, the Shanghai market shows resilience with steady release of demand and rising land prices, particularly in the high-end residential segment [2] - Ruian Real Estate is cautious in its investment approach, focusing on light asset operations and maintaining cash flow without increasing leverage, as seen in their collaboration with Tianan Group to acquire residential land in Shanghai [2] - The company aims to maintain the leading position of its "New World" and "Cuihu" brands in Shanghai while expanding into the Greater Bay Area, with a long-term goal of sustainable profit growth and balanced development of property development and asset management [3]

Core Viewpoint - 瑞安房地产 reported a slight increase in revenue and a significant rise in property sales, but a notable decline in shareholder profit for the first half of the year [1] Financial Performance - Revenue for the first half reached 2.074 billion, a year-on-year increase of 0.05% [1] - Gross profit margin was 66%, up by 1 percentage point [1] - Shareholder profit attributable decreased by 29.17% to 51 million [1] - Basic earnings per share were 0.64 cents, with no interim dividend declared [1] Sales and Income - Contracted property sales surged to 3.473 billion, a year-on-year increase of 457% [1] - Rental and related income totaled 1.781 billion, up by 0.96% [1] Cash and Debt Position - As of June 30, the group had cash and bank deposits of 5.5 billion, a decrease of 28.89% year-on-year [1] - Total debt stood at 25.761 billion, down by 13.92% [1] - Net liabilities were 20.261 billion, reduced by 8.71% [1]

Core Viewpoint - Ruian Real Estate (00272.HK) announced that Wu Yating will no longer serve as a member of the Audit and Risk Committee starting from August 28, 2025 [1] Group 1 - Wu Yating holds the position of Independent Non-Executive Director and Chair of the Sustainability Committee at Ruian Real Estate [1] - The change in committee membership is set to take effect in 2025 [1]

Core Viewpoint - Ruian Real Estate (00272) reported its interim results for the six months ending June 30, 2025, showing stable revenue but a significant decline in profit attributable to shareholders [1] Financial Performance - The company achieved revenue of RMB 2.074 billion, remaining flat year-on-year [1] - Profit attributable to shareholders decreased by 29.2% to RMB 51 million [1] - The company reported a loss per share of 0.64 cents [1] Rental and Related Income - Total rental and related income, including contributions from joint ventures and associates, experienced moderate growth, amounting to RMB 1.781 billion [1] - The retail property portfolio was strongly supported by consumers, with sales and foot traffic both showing a double-digit growth of 10.5% [1]

Core Viewpoint - 瑞安房地产 reported a stable revenue of RMB 2.074 billion for the six months ending June 30, 2025, with a year-on-year profit decline of 29.2% to RMB 51 million, resulting in a loss per share of 0.64 cents [1] Financial Performance - The total rental and related income, including contributions from joint ventures and associates, experienced moderate growth, amounting to RMB 1.781 billion [1] - The retail property portfolio saw strong consumer support, with sales and foot traffic both achieving double-digit growth of 10.5% [1]

Group 1 - The company recorded property sales revenue of RMB 145 million in the first half of 2025, with total property sales amounting to RMB 1.193 billion, and contract sales reaching RMB 3.473 billion, driven by a 457% year-on-year increase due to the pre-sale of certain townhouses in Shanghai [1] - Despite a challenging market environment characterized by heightened global trade tensions and unstable geopolitical conditions, the company achieved a profit of RMB 81 million in the first half of 2025, with attributable profit to shareholders amounting to RMB 51 million [1] Group 2 - The company's asset-liability situation remains stable, with a net debt-to-equity ratio maintained at 51% as of June 30, 2025, and total cash and bank deposits reaching RMB 5.5 billion [2] - The company's net debt decreased by 9% to slightly over RMB 20.2 billion, and it fully repaid USD 490 million of senior notes in March 2025, demonstrating a strong commitment to fulfilling financial responsibilities [2]