Baolong Business 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 was successfully listed (“listed”) on the main board of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on December 30, 2019 (the “listing date”), becoming the first asset-light commercial management and operation service provider to be listed on the Stock Exchange. The Group insists on deepening the development of the Yangtze River Delta region, focusing on urban clusters with high economic development activity, and focusing on urban needs and striving to create a better city life. The Group mainly provides commercial operation services under the four brands “Baolong Yicheng”, “Baolong City”, “Baolong Plaza” and “Baolong Tiandi”. As of June 30, 2022, the Group had 91 retail commercial properties that had been opened, with a total construction area of about 10.2 million square meters (“square meters”); 140 retail commercial properties have been contracted, with a total contract area of about 14.7 million square meters. The Group also provides property management services for residential properties, office buildings and serviced apartments. As of June 30, 2022, the Group has delivered residential property management services to 87 properties, with a total construction area of about 18.3 million square meters; 139 properties have been contracted, with a total contracted construction area of about 30.6 million square meters. The Group will continue to adhere to the mission of “make space love” and follow the corporate values of “simple and realistic, win-win, and endless progress”, with the aim of becoming a respected century-old enterprise, the world's leading urban space operator, and continuously creating a broader value space for customers and investors. Use the heart of love to connect the space with all the beauty, make people more loving and the city more loving. Spaces and services that create the best experience for owners, merchants, and consumers.
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