Jingrui Holdings Limited (stock code: 01862.HK) (“Jingrui” or the “Company”) is a leading residential property developer, asset management operator and professional service provider in China. Its business covers the fields of real estate development, urban renewal, asset management, commercial operation and property management. The company was founded in Shanghai in 1993 with the mission of “building a wonderful life with heart”. After years of development and accumulation, the company was successfully listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) in October 2013. With real estate asset management as its core business, Jing Rui focuses on residential development, apartment, office and property services in Tier 1 and 2 core cities and metropolitan areas to help the city live a better life and provide investors with end-to-end value-added services. By the end of 2023, the Group had laid out 24 cities in China, built and operated 112 projects, and won many honors such as “2023 China's Top 100 Property Service Enterprises”, “2023 China's Top 100 Property Service Companies”, “2023 China's Leading Property Service Satisfaction Enterprises”, and “2023 China's Top 100 Property Service Enterprises with Brand Value”. Jing Rui has clearly built a two-wheel drive business model guided by “customer value”. With the direction of “light assets, refinement, and heavy operation”, Jing Rui is optimistic about real estate for a long time, focusing on the three major tracks of growth, inventory, and service. Resources focus on development business, and stock and service can achieve light capital operation. In the future, in the face of the macroeconomic situation and profound changes in the real estate industry, we will always adhere to the corporate mission of “building a wonderful life with heart”, using debt reduction as a starting point, catalyzing asset-light businesses through quality improvement and operational capacity building, and achieving quality development. Never forget the original intention, pursue excellence, and strive to become “the asset management leader who knows the most about construction and life.”