About POWERLONG CM Company

Baolong Commercial Management Holdings Limited (9909.HK) (the “Company” or “Baolong Commercial”) and its subsidiaries (collectively, the “Group”) are a leading commercial operation service provider in the People's Republic of China (“China”). The Company successfully listed (“listing”) on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) on December 30, 2019 (“listing”), becoming the first asset-light commercial management and operation service provider listed on the Stock Exchange. The Group insists on deeply developing the Yangtze River Delta region, focusing on urban clusters with high economic development vitality, and focusing on urban needs, and striving to create a beautiful urban life. The Group mainly provides commercial operation services under the four brands “Baolong Yicheng”, “Baolong City”, “Baolong Plaza” and “Baolong Tiandi”. On June 30, 2024, the Group had 97 retail commercial properties opened, with a total construction area of approximately 10.8 million square meters (“square meters”); 138 retail commercial properties have been signed, with a total contract area of about 14.9 million square meters. The Group also provides property management services to residential properties, office buildings and serviced apartments. As of June 30, 2024, the Group has delivered 127 residential property management services, with a total construction area of about 23.2 million square meters; 147 contracted properties, with a total contracted construction area of about 31.2 million square meters. The Group will continue to adhere to the mission of “let space have love” and follow the corporate values of “simple and realistic, symbiotic and win-win, and endless progress”. It aims to become a respected century-old enterprise, the world's leading urban space operator, and continue to create a wider value space for customers and investors.