Core Viewpoint - 德商产投服务 has entered into a loan agreement with Chengdu Bangtai Jincheng Real Estate Co., Ltd., involving a total principal amount of up to RMB 320 million, with a one-year term starting from October 11, 2025 [1] Company Summary - The loan agreement involves two lenders: Green Property and Bangtai Yueshang, each providing a maximum principal of RMB 160 million [1] - The loans are unsecured [1] - 德商产投服务 has a market capitalization of HKD 2.041 billion, ranking 13th in the commercial property management industry [1] Industry Summary - Key performance indicators for 德商产投服务 compared to the industry average are as follows: - Return on Equity (ROE): 11.25% vs. -3.82% (Industry Average) [1] - Market Capitalization: HKD 2.041 billion vs. HKD 1.142 billion (Industry Average) [1] - Revenue: HKD 478 million vs. HKD 1.159 billion (Industry Average) [1] - Net Profit Margin: 8.66% vs. -92.27% (Industry Average) [1] - Gross Profit Margin: 20.95% vs. 38.29% (Industry Average) [1] - Debt Ratio: 67.14% vs. 49.46% (Industry Average) [1]

Core Viewpoint - The announcement details a loan agreement between Green Property, Bangtai Yue Shang, and Chengdu Bangtai Jincheng Real Estate Co., Ltd., aimed at supporting the development of a project through a total loan amount of up to RMB 320 million [1] Group 1: Loan Agreement Details - The loan agreement stipulates that Green Property and Bangtai Yue Shang will provide a total principal amount not exceeding RMB 320 million, with a loan term of one year starting from October 11, 2025 [1] - Each lender, Green Property and Bangtai Yue Shang, will contribute a maximum principal amount of RMB 160 million [1] - The loans provided under this agreement are unsecured [1] Group 2: Purpose and Justification - The provision of shareholder loans is intended to ensure the smooth progress of the development project associated with the target company [1] - Shareholders of the target company, namely Green Property and Bangtai Yue Shang, will provide funding support in accordance with their shareholding proportions under the same terms and conditions [1] - The board of directors, including independent non-executive directors, believes that the terms of the loan agreement, including interest rates, are fair and reasonable based on the target company's actual needs and current business practices [1]

Group 1 - The company held its 19th meeting of the 10th Board of Directors on August 15, 2025, with all 9 directors present, and the meeting was conducted in accordance with relevant laws and regulations [2][3][4] - The board approved several resolutions, including signing a financial service agreement with CITIC Financial Co., Ltd., which requires further approval from the shareholders' meeting [5][6][41] - The board also approved a proposal for the company and its subsidiaries to borrow from shareholders, with a total amount not exceeding 5 billion RMB, and this proposal also requires shareholder approval [5][6][35] Group 2 - The company approved a risk assessment report on CITIC Financial Co., Ltd., with unanimous support from independent directors [8][9][10] - A temporary shareholders' meeting is scheduled for September 1, 2025, to review the approved proposals [11][12][67] Group 3 - The company aims to optimize its financing structure by renewing a shareholder loan framework agreement, with a total amount not exceeding 5 billion RMB and an interest rate not exceeding the one-year LPR minus 70 basis points [15][16][35] - The company has established that the related transactions do not constitute a major asset restructuring and do not require approval from relevant authorities [16][42] Group 4 - CITIC Financial Co., Ltd. has been providing financial services to the company since 2022, and the renewal of the financial service agreement is intended to enhance financial management and efficiency [40][62] - The financial company has shown stable financial performance, with total assets of 508.55 billion RMB and a net profit of 7.61 billion RMB for the year 2024 [43][62]