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 13 consecutive years, ranked No. 2 in the product strength evaluation list, and received honors such as “Top 5 Real Estate Development Enterprises Delivery Capability” and “Top 10 Steady Real Estate Development Enterprises”. 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 29 years of development, the company adheres to the “quality first” development strategy guideline, lays out the upstream and downstream real estate business, forming 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 been adhering to the corporate values of “sincerity, goodwill, refinement and perfection”, and has adhered to the “six products” policy of “internal and external taste, quality in the process, quality in the work, the results build a brand, the team values character, and shows character in spirit”, continuously enhancing development resilience. In 2023, the company developed steadily. On the basis of continuous product innovation, it was widely recognized by the market. The project was “good and fast”, and achieved contract sales of about RMB 301.1 billion for the whole year. While maintaining a stable scale, major operating indicators such as equity sales, added value, and operational efficiency continued to improve, and the quality of operations continued to improve. Facing the future, the company will maintain its strategic strength, with the goal of building 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 comprehensively improving capabilities, making steady progress, improving quality and efficiency, and firmly following the development path of “full quality, high quality, and sustainability”.