Core Viewpoint - The report evaluates the execution of the "Quality Improvement and Efficiency Enhancement" action plan by the company, emphasizing its commitment to enhancing corporate quality and shareholder value while navigating economic challenges and market competition [1][4]. Group 1: Business Development and Management - The company focuses on its core responsibilities, aiming for stable development by creating a leading cross-border real estate asset management platform [1]. - The company has expanded its management scale through light asset models, adding several new projects, including commercial and residential developments, with a total managed area of 4.2672 million square meters [2]. - The company adopts a "one project, one policy" management approach, enhancing its commercial operation capabilities and responding to changing consumer demands through various initiatives [3]. Group 2: Shareholder Returns and Dividend Mechanism - The company prioritizes shareholder value creation and aims to distribute profits in cash when conditions allow, although it did not declare dividends for 2024 due to negative net profit [4][5]. - Future plans include revising the cash dividend policy to improve dividend rates and stability, aligning with the company's financial health and market conditions [5]. Group 3: Information Disclosure and Investor Relations - The company emphasizes high-quality information disclosure, adhering to legal requirements and principles of transparency, accuracy, and timeliness [6]. - Various communication channels are utilized to engage with investors, ensuring they are informed about the company's strategic direction and operational performance [6]. Group 4: Corporate Governance - The company implements strict governance practices, enhancing the responsibilities of key personnel and ensuring compliance with regulations [7]. - Regular meetings and training sessions for independent directors are conducted to strengthen governance and decision-making processes [7].