Core Viewpoint - I Love My Family Group (000560.SZ) reported a strong performance in Q3 2025, showcasing resilience in the real estate sector despite traditional seasonal downturns [1] Financial Performance - The total housing transaction value (GTV) increased by 5.2% year-on-year [1] - The net profit attributable to shareholders reached approximately 42.327 million yuan, representing a year-on-year growth of 398.75% [1] - The net profit excluding non-recurring items was about 54.2442 million yuan, showing a year-on-year increase of 173.96% [1] - New housing GTV experienced a year-on-year growth of 9.3%, indicating a counter-cyclical performance [1] Operational Strategy - The company focused on core cities and enhanced internal operational management to improve quality and efficiency [1] - Digital tools were utilized to provide personalized training for agents, enhancing service capabilities [1] - Continuous deepening of community layout helped solidify brand influence and customer loyalty, supporting stable performance growth [1]

Summary of Key Points Core Viewpoint The company, I Love My Home Holdings Group Co., Ltd., has announced the adjustment of guarantee limits among its wholly-owned subsidiaries and the provision of guarantees for their debt financing, which is aimed at supporting the subsidiaries' business operations and ensuring sustainable development. Group 1: Guarantee Overview - The company approved a guarantee limit of up to 4 billion yuan for its subsidiaries' debt financing for the year 2025, with specific allocations for subsidiaries based on their asset-liability ratios [2] - The guarantee limit includes 3.08 billion yuan for subsidiaries with an asset-liability ratio below 70% and 920 million yuan for those above 70% [2] - The company has allocated 10 million yuan to Shanghai Wei Ai Real Estate Brokerage Co., Ltd., 80 million yuan to Shanghai Jia Ying Property Management Co., Ltd., and 20 million yuan to Shanghai I Love My Home Real Estate Brokerage Co., Ltd. [2] Group 2: Adjustment of Guarantee Limits - The company plans to transfer 10 million yuan of unused guarantee limits from Shanghai I Love My Home to Shanghai Wei Ai, which represents 0.11% of the company's latest audited net assets [3] - After the adjustment, the guarantee limit for Shanghai I Love My Home will be reduced to 10 million yuan, while Shanghai Wei Ai's limit will increase by the same amount [3] Group 3: Guarantee Progress - Shanghai Wei Ai and Shanghai Jia Ying signed loan contracts with Shanghai Rural Commercial Bank for 10 million yuan each, with a loan term from October 29, 2025, to October 23, 2026 [4] - The company acts as a guarantor for these loans, ensuring that the actual guarantee amounts do not exceed the limits approved at the 2024 annual shareholders' meeting [4] Group 4: Financial Status of Subsidiaries - As of December 31, 2024, Shanghai I Love My Home had total assets of 521.07 million yuan and total liabilities of 789.58 million yuan, resulting in a net asset of -268.52 million yuan [5] - Shanghai Wei Ai had total assets of 62.06 million yuan and total liabilities of 97.36 million yuan, with a net asset of -35.30 million yuan as of December 31, 2024 [8] - Shanghai Jia Ying had total assets of 2.21 billion yuan and total liabilities of 2.10 billion yuan, with a net asset of 119.31 million yuan as of December 31, 2024 [9] Group 5: Guarantee Contract Details - The guarantee contracts stipulate that the company guarantees the principal amount of 10 million yuan for the loans, covering all related debts and costs [10][11] - The guarantee period extends for three years from the maturity of the debt obligations [12] Group 6: Board Opinion - The board believes that the guarantee provision supports the subsidiaries in raising funds for business operations, promoting sustainable development [12] - The adjustments made are within the approved limits and do not affect the company's ongoing viability or shareholder interests [12] Group 7: External Guarantee Status - The company and its subsidiaries do not have any overdue guarantees or guarantees provided to external entities [13] - The total external guarantee balance after this transaction is 20.65 billion yuan, which is 22% of the company's latest audited net assets [13]

Core Insights - The income of real estate agents in first-tier cities has significantly decreased due to a slowdown in property transactions, with many agents now taking on part-time jobs to supplement their income [1][4][15]. Group 1: Real Estate Agent Income Trends - During the real estate upturn, new agents earned between 100,000 to 200,000 yuan annually, while experienced agents made over 500,000 yuan, and luxury property specialists could earn millions [1][3]. - The decline in transaction volume has led to a general decrease in income for real estate agents, with some agents reporting earnings dropping to below 200,000 yuan annually [4][12][15]. - The commission structure varies by agency, with top agents earning around 30% of the commission, while new agents may only take home a few thousand yuan [15]. Group 2: Part-Time Work Among Agents - Many agents, like Zhang Biao, have turned to part-time jobs such as food delivery to maintain a stable income amidst the real estate market downturn [2][4][8]. - The flexibility of part-time work allows agents to adapt their schedules based on their real estate business, with some working 4-6 hours delivering food when real estate transactions are slow [4][6]. - The experience of working as a delivery rider has been described as challenging, requiring adaptability and quick learning to navigate the demands of the job [6][7]. Group 3: Market Dynamics and Future Outlook - The real estate market is experiencing a significant shift, with a move from new home transactions to second-hand properties, impacting agents' earnings [12][15]. - The industry is seeing a division where top agencies are capturing market share from smaller firms, leading to increased competition and pressure on less experienced agents [15][16]. - Despite the challenges, there are opportunities for agents to leverage AI and digital tools to enhance efficiency and adapt to changing market conditions [16].

Core Viewpoint - Shenzhen Wanchang Commercial Development Co., Ltd. has been established with a registered capital of approximately 53.59 million yuan, indicating a strategic move in the real estate and commercial services sector [1] Company Summary - The legal representative of the newly established company is Xu Peigen [1] - The business scope includes real estate brokerage, non-residential real estate leasing, conference and exhibition services, marketing planning, social and economic consulting services, and catering management [1] - The company is jointly held by Vanke A (000002) and RECO VETIVER PRIVATE LIMITED, reflecting a partnership in the real estate market [1]

Group 1 - The second Jinan Real Estate Agency Industry Vocational Skills Competition will be jointly held by Jinan Housing and Urban-Rural Development Bureau, Jinan Federation of Trade Unions, Jinan Municipal Youth League, and Jinan Women's Federation in September 2025 to enhance the professional talent team and promote the spirit of craftsmanship in the new era [1] - The competition consists of three stages: theoretical assessment (preliminary), practical operation assessment (final), and awarding of prizes to winning teams and individuals [3] - The theoretical assessment for real estate agents will be a closed-book exam lasting 90 minutes, covering topics such as real estate agency introduction, professional basics, transaction policies, and business operations [3] Group 2 - The theoretical assessment for real estate appraisers will also be a closed-book exam lasting 90 minutes, covering topics like appraisal fundamentals, practical operations, regulations, and appraisal principles [4] - Participants must be registered employees of real estate appraisal or agency companies in Jinan, aged between 18 and 60, and hold relevant professional qualifications [4] - Each participating company can form a "brand representative team" with a maximum of 10 members, and if the number exceeds 20, they can form two teams [4]

As filed with the U.S. Securities and Exchange Commission on January 12, 2024. Registration No. 333-275987 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Ohmyhome Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 3990 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial ...