About GREENTOWN CHINA Company

Greentown China Holdings Co., Ltd. is a leading provider of high-quality housing products and integrated 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” for 19 consecutive years, maintained a lead in customer satisfaction in key cities for 13 consecutive years, ranked first in the “China Real Estate Product Outstanding Enterprise” list for 4 consecutive years, and won honors such as “Enterprise with a Sense of Social Responsibility” for many years. Greentown China Holdings Co., Ltd. was established in Hangzhou, China in January 1995, listed on the Hong Kong Stock Exchange in July 2006, and has successively introduced Jiulongcang and CCCC Group as important shareholders. As of June 30, 2023, China Communications Group, the largest single shareholder of Greentown China, held an interest of about 28.422% of the company's total issued share capital. After 29 years of development, the company adheres to the “quality first” development strategy guidelines, organizes upstream and downstream real estate business, and forms three major segments: asset-heavy, asset-light, and “Greentown +”. The heavy asset sector focuses on real estate development business, the light asset sector strengthens agency construction business, the “Greentown +” sector provides strong support for both, the upstream sector strengthens industrial integration, and the downstream expands the content of services. In the first half of 2023, the company showed good business results. The contract sales volume was about RMB 134.2 billion, ranking seventh in the industry, and the added value of goods was about RMB 57.1 billion, ranking eighth in the industry. As an expert in boutique property construction in China, Greentown China has always insisted on innovation, continuously explores human 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, focuses on core regions, and is deeply involved in Tier 1, 2, and high-quality Tier 3 and 4 cities. On the basis of traditional development businesses, we are actively developing characteristic real estate businesses, including small towns and urban renewal related businesses. With high-quality development quality, rich land reserves, efficient organizational structure, and excellent management team, Greentown China has successfully established a brand image in the cities where 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 agency construction business began in September 2010. The company officially spun off Greentown Management Holdings Co., Ltd. in July 2020 and listed on the main board of the Stock Exchange (stock code: 09979). While consolidating its leading position in agency construction business, it also accelerated business model innovation and scale growth in the company's asset-light sector. Facing the future, the company will maintain its strategic strength, focus on the “Strategy 2025” plan, aim to build a “quality benchmark in the TOP10”, take “the most customer knowledge and product knowledge” as the strategic fulcrum, combine priorities, comprehensively improve its capabilities, and firmly follow the “full quality, high quality, and sustainable” development path.