About POWERLONG CM Company

Baolong Commercial Management Holdings Limited (HK.9909) (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 (the “listing date”), becoming the first asset-light commercial management and operation service provider listed on the Stock Exchange. The Group insists on deepening its development in the Yangtze River Delta region. Focus on urban clusters with high economic development vitality, start around urban needs, and strive 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”. As of December 31, 2023, the Group had 95 opened retail commercial properties, with a total opening (“floor area”) of approximately 10.8 million square meters (“square meters”); 138 retail commercial properties have been signed, with a total contract construction area of about 15.1 million square meters. The Group also provides property management services to residential properties, office buildings and serviced apartments. As of December 31, 2023, the Group has delivered 109 residential property management services, with a total construction area of about 21.1 million square meters; 147 properties have been contracted, with a total contracted construction area of about 31.2 million square meters. The Group will continue to adhere to the corporate 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.