Core Viewpoint - JD Intelligent Property Development Co., Ltd. (referred to as "JD Property") has officially submitted its listing application to the Hong Kong Stock Exchange, marking the initiation of its IPO process after a previous attempt in 2023 [1] Group 1: Business Overview - JD Property's business traces back to JD Group's logistics strategy established in 2007, and it has been operating independently since 2018, with JD Group holding approximately 77.9% of the shares [2] - The core business of JD Property revolves around three main dimensions: infrastructure solutions, asset value enhancement, and fund/partnership investment platform management [2][4] - As of September 30, 2025, JD Property's total asset management scale reached RMB 121.5 billion, with a total construction area of 27.12 million square meters, ranking among the top three in the Asia-Pacific region and the top two in China's new economy sector [4] Group 2: Financial Performance - JD Property's revenue for the year ending December 31, 2023, was RMB 2.868 billion, with a projected increase to RMB 3.417 billion in 2024 [5] - The adjusted EBITDA for 2023, 2024, and the first three quarters of 2025 was RMB 3.7 billion, RMB 3.7 billion, and RMB 2.3 billion respectively, indicating a steady increase in profitability [6] - The net cash flow from operating activities for the same periods was RMB 1.882 billion, RMB 2.342 billion, and RMB 1.866 billion, providing stable funding support for business expansion [7] Group 3: Global Expansion and Strategy - JD Property's overseas asset management scale increased from 3.7% at the beginning of 2023 to 12.8% by September 30, 2025, establishing a global presence in key logistics nodes [8] - The company aims to utilize the net proceeds from its IPO to expand its overseas logistics infrastructure network, enhance asset density and quality in China, upgrade service solutions, and meet general corporate needs [11] - Future strategies include consolidating its leading position in the Chinese market while accelerating global business expansion and diversifying its customer base and service capabilities [11]

Disclaimer Statement The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of JINGDONG Property, Inc. 京东智能产发股份有限公司 (the "Company") (incorporated in the Cayman Islands with ...

免責聲明 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證 監會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對 其準確性或完整性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內 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。 JINGDONG Property, Inc. 京東智能產發股份有限公司 （「本公司」） （於開曼群島註冊成立的有限公司） 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。閣下閱覽本文件， 即代表閣下知悉、接納並向本公司、其保薦人、整體協調人、顧問或承銷團成員表示同意： 53302 \ (Project Earth_Redacted) \ 26/01/2026 \ M71 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；投資者不應 根據本文件中的資料作出任何投資決定； (b) 在聯交所網站登載本文件或其補充、修訂或更換附頁，並不引起本公司、其任何保薦 人、整體協調人、顧問或承銷團成員須在香港或 ...