About GREENTOWN CHINA Company

Greentown China Holdings Co., Ltd. is a leading supplier of high-quality housing products and comprehensive lifestyle services in China. It maintains a leading position in the industry with excellent product quality, unique architectural aesthetics, and people-oriented services. The company won the “Top 10 Comprehensive Strength of China's Top 100 Real Estate Enterprises” 1 for 20 consecutive years, maintained the lead in customer satisfaction in key cities for 14 consecutive years, ranked No. 1 in the “China Outstanding Real Estate Product Company” list for 5 consecutive years, and received honors such as “China's Outstanding Real Estate Delivery Company” and “China Real Estate Social Responsibility Enterprise of the Year”. Greentown China Holdings Co., Ltd. was established in January 1995 in Hangzhou, China. It was listed on the Hong Kong Stock Exchange in July 2006, and has successively introduced Jiulongchang and CCCC Group as important shareholders. As of the date of this report, CCCC Group, the largest single shareholder of Greentown China, held approximately 28.97% of the company's total issued share capital. After nearly 30 years of development, the company adheres to the “quality first” development strategy and lays out upstream and downstream real estate businesses to form the three major sectors of heavy assets, light assets, and “Greentown +”. The asset-heavy sector focuses on the real estate development business. On the basis of traditional development business, it actively develops characteristic real estate businesses, including town and urban renewal; the asset-light sector strengthens contract construction business, officially spun off Greentown Management Holdings Co., Ltd. in July 2020 and listed on the main board of the Stock Exchange (stock code: 09979), leading the market share by far in the industry; the “Greentown +” sector develops and nurtures the real estate industry chain business, establishes an industrial ecosystem, and collaboratively empowers the main business. As a boutique property construction expert in China, Greentown China has always insisted on innovation, continuously explored human settlements relationships, and is committed to creating a better life for more people on the basis of building beautiful buildings. The company is based in Zhejiang, focusing on core regions, and deep-developing Tier 1, 2 and high-quality Tier 3 and 4 cities. With high-quality development quality, high-quality land reserves, an efficient organizational structure, and an excellent management team, Greentown China has successfully established a brand image in the cities it does business, and has accumulated a large number of high-quality project development experience and excellent operating capabilities, providing a strong impetus for sustainable development. The company has always adhered to the corporate values of “sincerity, kindness, refinement and perfection”, and is committed to building a “good house” in Greentown with the goal of “high value, excellent virtue, smartest housing, low carbon, full cycle, and human health” to continuously satisfy people's pursuit of an ideal life. In the first half of 2024, the company's overall performance progressed steadily, with contract sales of about RMB 126.5 billion, ranking third in the industry and fourth in the industry for new investment. Facing the future, the company will maintain its strategic strength, aim to build a “quality benchmark in the TOP10”, continue to practice “customer-centered productivism” with “the best customer understanding and product understanding” as the strategic fulcrum, while strengthening the sense of change, comprehensively improving capabilities, proactively responding to challenges, actively seizing opportunities, and firmly following the “full quality, high quality, and sustainable” development path.