Earnings release
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– 1 – Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Evergrande Property Services Group Limited ʮ̡ (Incorporated in the Cayman Islands with limited liability) (Stock Code: 6666) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Financial Summary For the six months ended 30 June 2026: h The Group had operating revenue of approximately RMB6,942.7 million, representing a period- on-period increase of approximately 4.5%. h The Group had gross profit of approximately RMB1,331.9 million, representing a period-on-period increase of approximately 11.1%. h The Group had net profit of approximately RMB503.3 million, representing a period-on-period increase of approximately 2.5%. h Profit attributable to owners of the Company amounted to approximately RMB517.0 million and basic earnings per share was approximately RMB0.05. h The Group ’s available funds amounted to approximately RMB4,244.3 million, representing a decrease of approximately RMB66.2 million compared with 31 December 2025. As at 30 June 2026, the Group had a GFA under management of approximately 603 million sq.m.. During the Period, the Group cumulatively signed contracted (including renewals) GFA from third parties of approximately 43 million sq.m., with annual saturated contract revenue of nearly RMB1.0 billion. The Board does not recommend the payment of any interim dividend in respect of the six months ended 30 June 2026.
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– 2 – Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Six months ended 30 June Notes 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Revenue 5 6,942,650 6,646,590 Cost of sales (5,610,762) (5,447,901) Gross profit 1,331,888 1,198,689 Other income 6 30,940 34,775 Other (losses)/gains (44,107) 192 Impairment losses on financial assets (144,249) (68,467) Fair value gains/(losses) on investment properties 1,910 (501) Administrative and marketing expenses (436,990) (460,417) Operating profit 739,392 704,271 Share of net profit of investments accounted for using equity method 6,100 5,600 Finance costs (79,559) (41,066) Profit before income tax 665,933 668,805 Income tax expenses 7 (162,683) (177,650) Profit for the period 503,250 491,155 Profit attributable to: – Owners of the Company 517,032 472,272 – Non-controlling interests (13,782) 18,883 503,250 491,155
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– 3 – Six months ended 30 June Notes 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Other comprehensive expense Item that may be reclassified subsequently to profit or loss: Exchange difference arising on translation of financial statements of foreign operations (1,207) (2,256) Total comprehensive income for the period 502,043 488,899 Total comprehensive income/(loss) attributable to: – Owners of the Company 515,825 470,016 – Non-controlling interests (13,782) 18,883 502,043 488,899 Earnings per share attributable to owners of the Company – Basic and diluted 9 RMB0.05 RMB0.04
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– 4 – Condensed Consolidated Statement of Financial Position Notes As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 (Unaudited) (Audited) Assets Non-current assets Property and equipment 88,170 81,957 Right-of-use assets 40,396 39,503 Intangible assets 1,294,140 1,380,046 Investment properties 12,385 4,255 Investments accounted for using equity method 72,763 68,197 Deferred tax assets 498,160 488,036 Total non-current assets 2,006,014 2,061,994 Current assets Trade and other receivables 10 3,442,626 3,170,458 Prepayments 81,043 65,730 Inventories 16,080 5,983 Financial assets at fair value through profit or loss 425,000 — Restricted cash 127,560 120,911 Cash and cash equivalents 3,691,694 4,189,546 Total current assets 7,784,003 7,552,628 Total assets 9,790,017 9,614,622
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– 5 – Notes As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 (Unaudited) (Audited) Equity Share capital 11 7,060 7,060 Reserves (5,793,631) (5,801,872) Retained earnings 7,915,481 7,398,449 Equity attributable to owners of the Company 2,128,910 1,603,637 Non-controlling interests 332,130 346,223 Total equity 2,461,040 1,949,860 Liabilities Non-current liabilities Other payables 75,000 75,000 Lease liabilities 24,446 23,215 Deferred tax liabilities 90,773 101,424 Total non-current liabilities 190,219 199,639 Current liabilities Contract liabilities 2,316,991 2,623,690 Trade and other payables 12 3,807,225 3,956,800 Current tax liabilities 948,822 813,097 Lease liabilities 65,720 71,536 Total current liabilities 7,138,758 7,465,123 Total liabilities 7,328,977 7,664,762 Total equity and liabilities 9,790,017 9,614,622
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– 6 – Notes to the Condensed Consolidated Financial Statements 1. General Information Evergrande Property Services Group Limited (the “Company”) was incorporated in the Cayman Islands on 13 March 2020 as an exempted company with limited liability under the Companies Act (Cap. 22, Act 3 of 1961 as consolidated and revised) of the Cayman Islands. The address of the Company ’s registered office is Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands. The Company’s ultimate holding company is China Evergrande Group (in liquidation) ( “China Evergrande Group ”), an exempted company incorporated in the Cayman Islands with limited liability and its shares were previously listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), but were delisted from the Stock Exchange on 25 August 2025. The Company is an investment holding company. The Company and its subsidiaries (the “Group”) are primarily engaged in the provision of property management services, community living services, asset management services and community operation services. The interim condensed consolidated financial statements are presented in Renminbi ( “RMB”) and rounded to the nearest RMB’000, unless otherwise stated. These interim condensed consolidated financial statements are unaudited. 2. Basis of preparation The interim condensed consolidated financial statements for the six months ended 30 June 2026 have been prepared in accordance with Hong Kong Accounting Standard (“HKAS”) 34 “Interim Financial Reporting”. The interim condensed consolidated financial statements do not include all the notes of the type normally included in an annual financial report. Accordingly, the interim condensed consolidated financial statements should be read in conjunction with the annual consolidated financial statements of the Group for the year ended 31 December 2025, which have been prepared in accordance with HKFRS Accounting Standards (which include all Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards ( “HKASs”) and Interpretations) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”).
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– 7 – 3. Accounting policies The interim condensed consolidated financial statements have been prepared on a historical cost basis, except for investment properties and financial assets at fair value through profit or loss that are measured at fair values at the end of each reporting period. In the current period, the Group has applied the following amendments to HKFRS Accounting Standards issued by the HKICPA for the first time, which are mandatorily effective for the annual period beginning on or after 1 January 2026 for the preparation of the interim condensed consolidated financial statements: Amendments to HKFRS 9 and HKFRS 7 Amendments to the Classification and Measurement of Financial Instruments Amendments to HKFRS 9 and HKFRS 7 Contracts Referencing Nature-dependent Electricity Amendments to HKFRS Accounting Standards Annual Improvements to HKFRS Accounting Standards — Volume 11 The application of these amendments to HKFRS Accounting Standards did not result in significant changes to the Group’s accounting policies, presentation of the Group ’s financial positions and performance for the current and prior periods and/or on the disclosures set out in these interim condensed consolidated financial statements. 4. Segment information Management has determined the operating segments based on the reports reviewed by the chief operating decision maker (“CODM”). The CODM, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the executive directors of the Company. During the six months ended 30 June 2026 and 2025, the Group was principally engaged in the provision of property management services, community living services, asset management services and community operation services in the Mainland of the People ’s Republic of China (the “PRC”). Management reviews the operating results of the business as a single operating segment as the nature of services, the type of customers for services, the method used to provide their services and the nature of regulatory environment are the same in different regions. The principal operating entities of the Group are domiciled in Mainland China and majority of revenue was derived in Mainland China during the six months ended 30 June 2026 and 2025. As at 30 June 2026 and 31 December 2025, majority of the non-current assets of the Group were located in Mainland China.
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– 8 – 5. Revenue Revenue mainly comprises proceeds from property management services, community living services, asset management services and community operation services. An analysis of the Group ’s revenue by category for the six months ended 30 June 2026 and 2025 was as follows: Six months ended 30 June 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Property management services – Basic property management services 5,831,492 5,611,812 – Value-added services to non-property owners 14,668 16,010 5,846,160 5,627,822 Community living services 537,800 456,205 Asset management services 406,981 398,907 Community operation services 151,709 163,656 6,942,650 6,646,590 Timing of revenue recognition – Over time 6,492,275 6,273,033 – At a point in time 450,375 373,557 6,942,650 6,646,590 Type of customer – Related parties (Note 13) 2,655 20,473 – Third parties 6,939,995 6,626,117 6,942,650 6,646,590
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– 9 – 6. Other income Six months ended 30 June 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Government grants (Note) 14,012 13,037 Write-off of payables 6,464 9,798 Interest income 8,234 8,324 Income from overdue fine 1,218 971 Others 1,012 2,645 30,940 34,775 Note: Government grants mainly consist of financial grants from government organizations, tax deductions for employment of veterans and priority groups, subsidies for value-added tax and other tax incentives policies, and refunds of paid unemployment insurance. There were no outstanding conditions or contingencies attached to the grants.
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– 10 – 7. Income tax expenses Six months ended 30 June 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Current tax 183,458 206,620 Deferred tax (20,775) (28,970) 162,683 177,650 The Company was incorporated in the Cayman Islands as an exempted company with limited liability under the Companies Act of Cayman Islands and accordingly, is exempted from Cayman Islands income tax. The Company ’s subsidiaries in the British Virgin Islands ( “BVI”) were incorporated under the International Business Companies Act of the BVI and accordingly, are exempted from BVI income tax. Hong Kong profits tax has been provided at the rate of 16.5% on the estimated assessable profits for the current period in respect of operations in Hong Kong, except for one subsidiary of the Group which is a qualifying corporation under the two-tiered profits tax rates regime. For this subsidiary, the first HK$2 million of assessable profits were taxed at 8.25% and the remaining assessable profits were taxed at 16.5%. Income tax provision of the Group in respect of operations in Mainland China has been calculated at the applicable tax rate on the estimated assessable profits for the period, based on the existing legislation, interpretations and practices in respect thereof. The statutory tax rate was 25% for the six months ended 30 June 2026 and 2025. Certain subsidiaries and branches of the Group in Mainland China were located in cities in the western regions of Mainland China, and they were subject to a preferential income tax rate of 15% during the six months ended 30 June 2026 and 2025. The subsidiaries and branches of the Group located in Hainan Province are qualified to enjoy the preferential income tax rate of 15% from 1 January 2020 to 31 December 2027. A preferential income tax rate of 20% applies to subsidiaries that are qualified as small and micro-profit enterprises.
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– 11 – 8. Dividends No dividend has been declared or paid by the Company during the six months ended 30 June 2026 (for the six months ended 30 June 2025: Nil). 9. Earnings per share Basic earnings per share was calculated by dividing the profit attributable to owners of the Company by the weighted average number of ordinary shares during the six months ended 30 June 2026 and 2025. The Company did not have any potential ordinary shares outstanding during the six months ended 30 June 2026 and 2025. Diluted earnings per share was equal to basic earnings per share. Six months ended 30 June 2026 2025 (Unaudited) (Unaudited) Profit attributable to owners of the Company (RMB’000) 517,032 472,272 Weighted average number of ordinary shares in issue (in thousands) 10,810,811 10,810,811 Basic and diluted earnings per share RMB0.05 RMB0.04 10. Trade and other receivables As at As at 30 June 31 December 2026 2025 RMB’000 RMB’000 (Unaudited) (Audited) Trade receivables (Note (i)) 2,923,369 2,650,802 Value-added tax recoverable 37,616 45,320 Other receivables (Note (ii)) 481,641 474,336 3,442,626 3,170,458
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– 12 – Notes: (i) Trade receivables As at As at 30 June 31 December 2026 2025 RMB’000 RMB’000 (Unaudited) (Audited) Trade receivables – Related parties (Note 13) 2,088,616 2,197,030 – Third parties 4,078,614 3,600,131 Total trade receivables 6,167,230 5,797,161 Less: allowance for impairment of trade receivables – Related parties (Note 13) (2,088,616) (2,197,030) – Third parties (1,155,245) (949,329) 2,923,369 2,650,802 Trade receivables mainly arise from basic property management services income under lump sum basis. Basic property management services income is received in accordance with the terms of the relevant services agreements. As at 30 June 2026 and 31 December 2025, the aging analysis of the trade receivables based on date of revenue recognition and net of impairment allowance was as follows: As at As at 30 June 31 December 2026 2025 RMB’000 RMB’000 (Unaudited) (Audited) 0 to 180 days 1,603,272 1,323,257 181 to 365 days 472,506 457,116 1 to 2 years 398,917 388,113 2 to 3 years 259,232 287,681 Over 3 years 189,442 194,635 2,923,369 2,650,802
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– 13 – As at 30 June 2026, the total trade receivables and impairment allowance amounted to approximately RMB6,167,230,000 (as at 31 December 2025: approximately RMB5,797,161,000) and approximately RMB3,243,861,000 (as at 31 December 2025: approximately RMB3,146,359,000), respectively. Of which, the total trade receivables from related parties and impairment allowance amounted to approximately RMB2,088,616,000 (as at 31 December 2025: approximately RMB2,197,030,000) and approximately RMB2,088,616,000 (as at 31 December 2025: approximately RMB2,197,030,000), respectively. As at 30 June 2026 and 31 December 2025, trade receivables were denominated in RMB and their carrying amounts approximate their fair values. (ii) Other receivables As at As at 30 June 31 December 2026 2025 RMB’000 RMB’000 (Unaudited) (Audited) Ultimate holding company (Note (a)) – Financial guarantees 13,390,549 13,400,000 Less: – Enforcement of financial guarantees pledged (13,390,549) (13,400,000) — — Other related parties (Note 13) 9,638 10,113 Third parties – Payments on behalf of property owners (Note (b)) 355,372 364,858 – Deposits 147,403 148,224 – Others 90,454 80,917 Gross other receivables 602,867 604,112 Less: allowance for impairment of other receivables – Related parties (Note 13) (6,811) (7,023) – Third parties (114,415) (122,753) 481,641 474,336
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– 14 – As at 30 June 2026 and 31 December 2025, other receivables were denominated in RMB and their carrying amounts approximate their fair values. Notes: (a) Pursuant to the Court ’s judgement, the ultimate holding shareholder and Hengda Real Estate Group Company Limited (a related party of the Company) were the actual debtors of the financing guarantee funds, and certain other third parties as the guaranteed parties were jointly liable for the full amount of the aforementioned debt respectively. As at 30 June 2026, the Group has recovered approximately RMB9.5 million from the relevant parties, and will continue to take reasonable measures to collect the remaining debt to actively safeguard the interests of the Group. (b) Payments on behalf of property owners mainly represented utilities costs of properties. 11. Share capital As at As at As at As at 30 June 31 December 30 June 31 December 2026 2025 2026 2025 Number of shares Number of shares RMB’000 RMB’000 (Unaudited) (Audited) (Unaudited) (Audited) Issued and fully paid 10,810,811,000 10,810,811,000 7,060 7,060 12. Trade payables As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 (Unaudited) (Audited) Trade payables (Note (a)) – Related parties (Note 13) 486,156 489,264 – Third parties 1,492,733 1,398,017 1,978,889 1,887,281
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– 15 – Notes: (a) As at 30 June 2026 and 31 December 2025, the aging analysis of the trade payables based on goods and services received was as follows: As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 (Unaudited) (Audited) Up to 1 year 1,563,861 1,247,710 1 to 2 years 129,874 375,727 2 to 3 years 158,789 200,903 Over 3 years 126,365 62,941 1,978,889 1,887,281 (b) As at 30 June 2026 and 31 December 2025, trade payables were denominated in RMB and their carrying amounts approximate their fair values.
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– 16 – 13. Related party transactions (a) Related party transactions In addition to the transactions detailed elsewhere in the condensed consolidated financial statements, the Group had the following transactions with related parties. Six months ended 30 June 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Revenue from rendering of services (Note 5) – Controlled by the Group’s ultimate holding company 2,559 19,098 – Joint ventures of the Group’s ultimate holding company 96 1,375 2,655 20,473 Purchase of goods and services – Controlled by the Group’s ultimate holding company 5,954 4,346 Leasing car parking spaces – Controlled by the Group’s ultimate holding company 62,336 76,214 – Joint ventures of the Group’s ultimate holding company 607 2,757 62,943 78,971 The transactions above were carried out in the normal course of the Group ’s business and on terms as agreed between the transacting parties. As China Evergrande Group is being liquidated, the management of the Group expects that the inflow of economic benefits from China Evergrande Group is not optimistic and highly uncertain. Since the property management services customers involve all the property owners and various aspects of the community, which has integrality and indivisibility as a whole, it is impracticable to exclude China Evergrande Group from providing property management services to those vacant properties. Such services do not incur additional costs. Therefore, the Group has continued to provide property management services to China Evergrande Group, with the amount for the six months ended 30 June 2026 being approximately RMB255,732,000. The Group has not recognized revenue in respect of the property management services it has provided to China Evergrande Group, while the Group will endeavor to take reasonable measures to collect the receivables from the relevant parties in accordance with the relevant laws and applicable agreements to actively safeguard the interests of the Group.
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– 17 – (b) Balances with related parties As at 30 June 2026 RMB’000 As at 31 December 2025 RMB’000 (Unaudited) (Audited) Trade receivables (Note 10) – Controlled by the Group’s ultimate holding company 1,970,181 1,994,910 – Joint ventures of the Group’s ultimate holding company 118,435 202,120 2,088,616 2,197,030 Less: allowances for impairment of trade receivables (charged to profit or loss) (2,088,616) (2,197,030) — — Other receivables (Note 10) – Controlled by the Group’s ultimate holding company 9,638 10,113 Less: allowances for impairment of other receivables (charged to profit or loss) (6,811) (7,023) 2,827 3,090 Prepayments – Controlled by the Group’s ultimate holding company 1,445 1,452
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– 18 – As at 30 June 2026 As at 31 December 2025 RMB’000 RMB’000 (Unaudited) (Audited) Trade payables (Note 12) – Controlled by the Group’s ultimate holding company 480,992 483,662 – Joint ventures of the Group’s ultimate holding company 5,164 5,602 486,156 489,264 Other payables – Controlled by the Group’s ultimate holding company 125,300 129,917 – Joint ventures of the Group’s ultimate holding company 3,301 2,672 128,601 132,589 Contract liabilities – Controlled by the Group’s ultimate holding company 5,944 6,079 The above trade receivables, prepayments, trade payables and contract liabilities were trading nature, interest free and repayable according to terms in contracts. (c) Key management compensation Key management, including directors and core management, totaled 20 (corresponding period in 2025: 17). Their compensations were set out below: Six months ended 30 June 2026 2025 RMB’000 RMB’000 (Unaudited) (Unaudited) Salaries, bonus and other benefits 8,369 7,169 Contribution to pension scheme expenses 296 215 8,665 7,384
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– 19 – CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”) of Evergrande Property Services Group Limited (the “Company ”, together with its subsidiaries, the “Group”), I hereby present the interim results of the Group for the six months ended 30 June 2026 (the “Period”). During the Period, the Group achieved an operating revenue of approximately RMB6,942.7 million, representing a period- on-period increase of approximately 4.5%; gross profit was approximately RMB1,331.9 million, with a gross profit margin of approximately 19.2%; and net profit was approximately RMB503.3 million, with a net profit margin of approximately 7.2%. Profit attributable to owners of the Company was approximately RMB517.0 million, with basic earnings per share of approximately RMB0.05. As at 30 June 2026, the net assets of the Company were approximately RMB2,461.0 million, representing an increase of approximately RMB511.2 million compared with the end of 2025, and the available funds were approximately RMB4,244.3 million, representing a decrease of approximately RMB66.2 million compared with 31 December 2025. During the Period, the Group cumulatively signed (including renewals) contracted gross floor area (“GFA”) from third parties of approximately 43 million sq.m., with annual saturated contract revenue of nearly RMB1.0 billion; the on-site entry rate of signed contracted projects during the Period reached as high as 94.4%, effectively contributing to the Group’s cash flow and profit. BUSINESS REVIEW In the first half of 2026, the policy side sent clear signals. The Government Work Report incorporated the “Property Service Quality Improvement Action ” into top-level design for the first time, and the Two Sessions explicitly proposed the direction of “property services + living services ”, encouraging property management services to extend into household scenarios. The Ministry of Housing and Urban- Rural Development also published a special article, emphasizing the need to focus on the “key trivial matters” that residents experience every day, and to promote the upgrading of living quality through industry self-discipline and service standards. While opening up room for development, the policies have also established a new industry benchmark — quality, transparency and trust. The room for extensive operation continues to narrow, while enterprises that truly focus on service quality are entering a window of opportunity for accelerated realization of policy dividends.
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– 20 – However, beyond opportunities, challenges cannot be overlooked. Property service prices are widely questioned, labor costs continue to rise, and corporate profitability is under pressure from both sides; tightening regulation is driving greater transparency of public area revenue; meanwhile, property owners ’ expectations for response efficiency, service refinement and scenario integration continue to rise, while the industry’s service capabilities have yet to fully keep pace. The combination of these challenges not only tests enterprises ’ existing operating models, but also compels them to reshape the value of their services. Faced with these challenges, the Group has chosen to respond with a long-term approach by returning to the original service mission and building credibility through transparency to restore trust with property owners; empowering through technology to unleash frontline productivity and improve service efficiency; upgrading capabilities to extend property management from basic maintenance to lifestyle operations, transforming standalone services into diversified scenario-based solutions. We firmly believe that only by enhancing service value for lasting satisfaction can property management truly become an enabler of a better quality of life. Service quality improvement reveals true excellence in the details. During the Period, we continued to deepen the “Home Renewal” initiative, investing special funds in community refurbishment and functional enhancement — from environmental enhancement and smart equipment upgrades to the improvement of elderly-friendly and child-friendly facilities, a series of flagship projects were implemented, enabling communities to retain their vitality over time. Beyond hardware renewal, service with a human touch was also enhanced. We regularly carried out the “Three Initiatives for Direct Communication with Property Owners”, aiming to bridge the “last hundred meters ” in understanding owners ’ needs. By regularly organising “Equipment Room Open Days ”, we turned invisible guardianship into visible reassurance; under the “Home Visit ” mechanism, we integrated on-site services with safety promotion, proactively assisted property owners in identifying potential household safety hazards and maintained special care records for key groups such as elderly people living alone, truly delivering on every “key trivial matter” around them with heartfelt care. Meanwhile, through “Property Owner Meet-and-Greet Sessions ”, we listened to property owners’ needs face-to-face, calibrating service direction through open communication to ensure that every improvement originates from property owners ’ feedback and translates into tangible action. The depth of service quality lies not in grand narratives, but in the closed-loop resolution of every ordinary matter and the day-to-day attention to details.
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– 21 – Transparency is the simplest way to build trust. During the Period, our self-developed “Gongqubao” (Public Area Treasure) was fully launched on the “Wo Jia Deng Huo ” (My Home Lights) mini-program, which enables intelligent system capture, automatic accounting, apportionment and real-time dynamic display of public area revenue such as elevator advertising fees, temporary parking fees and venue rentals, requiring no manual intervention throughout the process. Meanwhile, “Gongqubao ” has established a demand co-creation channel to all property owners, who may at any time initiate voting and raise objections on proposals for the use of public area revenue. Every adjustment to operational decisions must pass online voting and complete a public notice period before implementation. From manual bookkeeping and paper-based public notices to systematic and transparent presentation, technology has resolved the long-standing pain point of information asymmetry, driving the relationship between property management and property owners from “one-way public notice ” to a collaborative governance model featuring “proactive disclosure, whole-process supervision and property owner co-construction ”. Transparency anchors trust. “Gongqubao” is not merely a tool, but a key that brings public area revenue from “behind the scenes” to “in front of the stage” — illuminating property owners’ right to know through digitalization, and rebuilding the trust between property management and property owners through transparency. Upon its launch, the programme received positive feedback from property owners, as well as extensive coverage and favorable reviews from multiple media outlets. This recognition from users and society serves as the most powerful testament to the value of transparency. From managing spaces to operating lifestyle. We focus on high-potential scenarios such as to-home services, property leasing and sales, and community tourism, continuously refining service offerings and transforming the inherent advantages of “proximity, all-time availability and trustworthiness” into tangible service capabilities. We implement the philosophy of “Master One Role, Acquire Diverse Skills, Deliver Services to Every Household ”, promote frontline staff to participate in value-added operations and share results via a commission mechanism. During the Period, the Group deepened its home repair business, continuously empowered non-engineering staff by rolling out the “Home Repair Specialist” certification, effectively improving project repair response efficiency. In conjunction with mature categories such as housekeeping and cleaning and home appliance cleaning, which jointly drove a period-on-period increase of 31.9% in to-home service revenue. Meanwhile, we continued to deepen property owner services, revitalised idle assets of property owners and steadily advanced the “Million Stores” strategy. During the Period, transaction volume exceeded RMB3.6 billion, with leasing and sales revenue increased by 27.1% period-on-period. In addition, we expanded premium tourism services in response to property owners ’ travel needs, cumulatively serving over 64,000 property owner trips during the Period, with revenue increasing by 141.2% period-on-period. All business segments worked in synergy, with employee income
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– 22 – growth and service extension advancing simultaneously. During the Period, a cumulative total of over 22,000 employees participated in value-added business and received commissions. The philosophy of “everyone is an operator ” has taken root at the service frontline, with operational awareness deeply activated across the workforce and the foundation for value-added business development continuously consolidated. Extend human capabilities with AI. We accelerated the implementation of “AI+” in business scenarios. During the Period, we upgraded the smart billing system, transforming passive arrears chasing into flexible reminders through automatic fee calculation, multi-channel payment collection and payment preference identification, significantly improving collection efficiency. Meanwhile, we integrated multi- line inspections of cleaning, security, engineering and others into comprehensive inspections. With AI recognition and intelligent assessment, the system can automatically detect dozens of scenario-based problems such as overflowing trash bins, obstructed passageways and equipment anomalies, achieving more accurate risk warnings with less manpower, and upgrading community security from “human patrol” to “smart prevention”. In addition, we continuously iterated the “Xuanlan” intelligent customer complaint system, which dynamically generates emotional heat maps based on semantic understanding and emotion perception, transforming passive receiving into proactive insight. Simultaneously, it works in deep synergy with intelligent work orders, forming a full-process closed-loop of proactive demand discovery, early warning, timely resolution and effectiveness evaluation. AI does not replace humans; rather, it liberates people from tedious tasks, allowing us to refocus on property owners and enabling employees to concentrate more on services with human touch. The Group’s subsidiary, Shenzhen Evertro Data Technology Group Co., Ltd. (“Evertro Tech”), draws on the Group’s profound experience accumulated across 3,000 projects and 100,000 employees, and precisely addresses the pain points of property service enterprises with the three product strengths: “efficiency improvement, revenue growth and property owner satisfaction ”. With standardized products and agile delivery, it is rapidly expanding the market. During the Period, it successfully signed contracts with more than 300 external property service enterprises, with platform products continuously gaining customer recognition through practical application and commercial value becoming increasingly prominent.
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– 23 – Build a talent team in sync with the business. During the Period, we promoted the service ethos via role-model examples, kept discovering “service role models among our colleagues ”, so that those who serve with dedication can be recognised and respected, fully fostering a team atmosphere of “comparing, learning, catching up, helping and surpassing ”, and making enhanced service awareness and standards part of daily routine and inherent behaviour. Cadre evaluation adheres to the principles of “conduct, performance and original aspiration ”, with actual achievements as the primary yardstick, while simultaneously putting in place a scientific and reasonable fault tolerance mechanism to provide sufficient latitude for those who dare to act and are capable of delivering results. We also improved the talent pool at all levels to sustain organizational vitality. Building on this foundation, we kept abreast of AI technology trend, promoted the iteration of job roles towards hybrid capabilities, optimized organizational structure and business processes, and strengthened cross-functional collaboration to make resource allocation more precise and on-site management more efficient. Future Outlook The Company will take technology as its core engine, and press ahead with four initiatives in tandem: cognitive upgrading, organizational restructuring, skill re-orientation and transformation of working models. We will translate digital and intelligent technology into productivity, recreate value through refined services, galvanise internal impetus via cost reduction and efficiency enhancement, and empower the industry to unlock growth potential. The Company will firmly pursue high-quality development driven by technology and guided by value. Deepen service value creation. Service quality is the cornerstone of a property service enterprise and serves as the most solid bond connecting customers. In the second half of 2026, we will continue to consolidate daily services to high standards, and roll out checklist-style quantitative management so that every service is subject to defined standards, traceable records and controllable quality. In parallel, we will leverage digital and intelligent tools to achieve end-to-end visibility across the full service lifecycle. We will advance bill disclosure, work order tracking and accessible evaluation record, allowing property owners to intuitively perceive every dimension of the service. When trust becomes the bedrock of service, property management is not merely a service provider, but a trustworthy everyday living partner. The Company will focus on core demand scenarios such as community group buying, property leasing and sales, and to-home services. We will concentrate on a “one meter wide ” domain while exerting “one hundred meters deep ” efforts to continuously refine product strength through in-depth cultivation. Meanwhile, we will stimulate all-staff operational synergy, and continue to empower the frontline,
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– 24 – making professional capabilities the cornerstone of winning property owners ’ trust, so as to achieve a virtuous cycle of “service value addition, employee income growth and owner satisfaction”. From organizational efficiency improvement to industry empowerment. In the second half of 2026, we will continue to promote the deep embedding of AI throughout the service chain — from frontline service response to middle and back office operation management, from energy scheduling to asset operation and maintenance. We will transform “people looking for tasks ” into “AI-driven task allocation where tasks are matched to personnel”, and extend AI capabilities from standardized scenarios to complex business processes. Meanwhile, we will build intelligent work partners for frontline employees, converting excellent experience into readily accessible knowledge assets, so that every employee, regardless of experience level, has a powerful digital platform behind him or her, and transforms the vision of “Master One Role, Acquire Diverse Skills ” into tangible practice, thereby overall raising the team ’s capability curve. Building on the scale of the Group, we will focus on building Evertro Tech’s out-of-the-box SaaS product matrix and providing small and medium-sized property service enterprises with one-stop digital and intelligent solutions covering all scenarios. With an extremely low entry barrier and exceptionally high delivery efficiency, we aim to address the transformation challenges faced by small and medium-sized property service enterprises, striving to become their preferred strategic partner for digital and intelligent upgrades. We will leverage product strength to build market trust and service strength to establish industry reputation. Adhering to the technology-for-good and people-oriented technology philosophy, we enable frontline property workers to enjoy greater professional dignity, and enable millions of families to access more transparent and higher-quality property management services. Great achievements stem from ambition, vast undertakings come from diligence. Finally, on behalf of the Board, I would like to express my sincere respect to all colleagues and the management team for their perseverance and dedication, and extend my heartfelt thanks to all shareholders and stakeholders for their support and trust. Let us continue to forge ahead together, and take solid actions to propel the Company to a new stage of high-quality development. Duan Shengli Chairman Hong Kong, 31 August 2026
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– 25 – MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW Revenue The Group’s revenue is mainly derived from four business segments: (i) property management services; (ii) community living services; (iii) asset management services; and (iv) community operation services. During the Period, the Group ’s total revenue was approximately RMB6,942.7 million, representing a period-on-period increase of approximately 4.5%. The following table sets out a breakdown of revenue by business segments of the Group for the periods indicated: For the six months ended 30 June 2026 For the six months ended 30 June 2025 Revenue Percentage of total revenue Revenue Percentage of total revenue Growth rate (RMB’000) (%) (RMB’000) (%) (%) Property management services 5,846,160 84.2 5,627,822 84.6 3.9 – Basic property management services 5,831,492 84.0 5,611,812 84.4 3.9 – Value-added services to non-property owners 14,668 0.2 16,010 0.2 -8.4 Community living services 537,800 7.7 456,205 6.9 17.9 Asset management services 406,981 5.9 398,907 6.0 2.0 Community operation services 151,709 2.2 163,656 2.5 -7.3 Total 6,942,650 100.0 6,646,590 100.0 4.5
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– 26 – (i) Property management services During the Period, revenue from property management services amounted to approximately RMB5,846.2 million, representing a period-on-period increase of approximately 3.9%. Among them: 1. Revenue from basic property management services amounted to approximately RMB5,831.5 million, representing a period-on-period increase of approximately 3.9%, which was mainly attributable to (i) the increase in the Group ’s GFA under management; and (ii) the Group ’s strategy of promoting fee collection through enhanced services, which led to continuous improvement of service standards and a reduction in risk-exposed customers. As of 30 June 2026, the Group had a total GFA under management of approximately 603 million sq.m., representing an increase of approximately 7 million sq.m. as compared with the total GFA under management of approximately 596 million sq.m. as at 30 June 2025. During the Period, (i) due to the principle of prudence, the Group recognized revenue from basic property management services on the basis of the consideration expected to be received for the provision of property management services to customers. For certain third party customers with significantly increased credit risk, the Group has not recognized revenue for the portion of the consideration from those customers for which the Group has fulfilled its performance obligations but has not yet collected the consideration, taking into account their willingness to pay the consideration when their consideration was overdue; and (ii) considering the status of related parties, the Group ’s revenue from property management services during the Period excluded revenue from basic property management services such as management of vacant properties relating to related parties of approximately RMB255.7 million based on the principle of robustness.
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– 27 – The following table sets out a breakdown of revenue from basic property management services by business segments of the Group for the periods indicated: For the six months ended 30 June 2026 For the six months ended 30 June 2025 Revenue Percentage of total revenue Revenue Percentage of total revenue Growth rate Project Sources (RMB’000) (%) (RMB’000) (%) (%) Residential/commercial, etc. 4,944,539 84.8 4,786,155 85.3 3.3 Public construction projects/city public service, etc. 886,953 15.2 825,657 14.7 7.4 Total 5,831,492 100.0 5,611,812 100.0 3.9 2. Revenue from value-added services to non-property owners amounted to approximately RMB14.7 million. (ii) Community living services During the Period, revenue from community living services amounted to approximately RMB537.8 million, representing a period-on-period increase of approximately 17.9%, which was mainly attributable to: (i) focusing on the service needs within property owners ’ homes, and expanding the product categories and service scale of to-home services; (ii) expanding the business scale and increasing operating revenue based on the demand for direct-drinking water and new energy charging of the property owners; (iii) expanding the coverage of cultural and tourism services to drive revenue growth; and (iv) optimizing the supply chain and service capabilities of the community retail business, adding high-frequency and rigid-demand product categories to promote steady revenue growth.
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– 28 – (iii) Asset management services During the Period, revenue from asset management services amounted to approximately RMB407.0 million, representing a period-on-period increase of approximately 2.0%, which was mainly attributable to the Group ’s reliance on the advantages of community resources, optimization of the professional service team, promotion of the in-depth integration of property rental and sales with property services, enhancement of customer satisfaction and business conversion rate through differentiated services, thereby driving steady revenue growth. (iv) Community operation services During the Period, revenue from community operation services amounted to approximately RMB151.7 million, representing a period-on-period decrease of approximately 7.3%, which was mainly attributable to the decrease in revenue from the related business as a result of the decrease in the demand from merchants for community marketing and venue partnerships due to the impact of the external market environment. The table below sets out a breakdown of revenue by source of the Group ’s revenue for the periods indicated: For the six months ended 30 June 2026 For the six months ended 30 June 2025 Revenue Percentage of total revenue Revenue Percentage of total revenue Growth rate Revenue sources (RMB’000) (%) (RMB’000) (%) (%) Related parties 2,655 0.0 20,473 0.3 -87.0 Third parties 6,939,995 100.0 6,626,117 99.7 4.7 Total 6,942,650 100.0 6,646,590 100.0 4.5
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– 29 – Cost of sales The Group’s cost of sales include staff costs, greening and cleaning costs, facilities and equipment repair and maintenance costs, energy costs, procurement costs for value-added business, taxes and other levies. During the Period, the cost of sales of the Group increased by approximately 3.0% from approximately RMB5,447.9 million for the corresponding period in 2025 to approximately RMB5,610.8 million for the Period, which was mainly attributable to: (i) the expansion of the Group ’s GFA under management; (ii) the continuous advancement of project renewal works and the upgrade of fire protection maintenance facilities with a view to enhancing service quality; and (iii) the corresponding increase in procurement costs as a result of the vigorous development of community living businesses. Gross profit and gross profit margin The following table sets out a breakdown of the Group ’s gross profit and gross profit margin by business segments for the periods indicated: For the six months ended 30 June 2026 For the six months ended 30 June 2025 Gross profit Gross profit margin Gross profit Gross profit margin (RMB’000) (%) (RMB’000) (%) Property management services 945,500 16.2 836,897 14.9 – Basic property management services 944,164 16.2 835,450 14.9 – Value-added services to non-property owners 1,336 9.1 1,447 9.0 Community living services 118,854 22.1 99,251 21.8 Asset management services 205,788 50.6 195,521 49.0 Community operation services 61,746 40.7 67,020 41.0 Total 1,331,888 19.2 1,198,689 18.0
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– 30 – During the Period, the Group’s overall gross profit amounted to approximately RMB1,331.9 million, with a gross profit margin of approximately 19.2%, representing a period-on-period increase of approximately 1.2 percentage points. 1. In respect of property management services, gross profit margin increased by approximately 1.3 percentage points from approximately 14.9% for the corresponding period in 2025 to approximately 16.2% for the Period. Among them, the gross profit margin from basic property management services increased by approximately 1.3 percentage points from approximately 14.9% for the corresponding period in 2025 to approximately 16.2% for the Period, which was mainly attributable to: (i) the Group ’s focus on quality scale expansion; (ii) continuous improvement of service quality and reduction of risk-exposed customers; and (iii) effective control of operating costs through the centralized procurement mechanism and the digital and intelligent management platform. 2. In respect of community living services, gross profit margin increased by approximately 0.3 percentage points from approximately 21.8% for the corresponding period in 2025 to approximately 22.1% for the Period, which was mainly attributable to: (i) the Group ’s continuous optimization of the profit model; and (ii) the effective reduction of customer acquisition costs as a result of improved business reputation and enhanced team professionalism. 3. In respect of asset management services, gross profit margin increased by approximately 1.6 percentage points from approximately 49.0% for the corresponding period in 2025 to approximately 50.6% for the Period, which was mainly attributable to the expansion of the self-operated scale of the property rental and sales business, the establishment of a professional team and the improvement of per capita efficiency, thereby increasing the gross profit margin. 4. In respect of community operation services, gross profit margin decreased by approximately 0.3 percentage points from approximately 41.0% for the corresponding period in 2025 to approximately 40.7% for the Period.
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– 31 – Administrative and marketing expenses During the Period, the administrative and marketing expenses of the Group decreased by approximately 5.1% from approximately RMB460.4 million for the corresponding period in 2025 to approximately RMB437.0 million for the Period, which was mainly attributable to the Group ’s continuous efforts to reduce costs and increase efficiency and to strictly control the administrative expenses. Other income During the Period, other income was approximately RMB30.9 million, representing a decrease of approximately RMB3.9 million as compared with approximately RMB34.8 million for the corresponding period in 2025. Other (losses)/gains During the Period, the Group ’s net other losses amounted to approximately RMB44.1 million, representing an increase in losses of approximately RMB44.3 million as compared with net other gains of approximately RMB0.2 million for the corresponding period in 2025, which was mainly attributable to impairment of goodwill and intangible assets during the Period. Income tax expenses During the Period, the Group ’s income tax expense was approximately RMB162.7 million, representing a decrease of approximately RMB15.0 million from approximately RMB177.7 million for the corresponding period in 2025, which was mainly attributable to an increase in the recognition of deferred income tax assets.
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– 32 – Profit for the Period During the Period, the Group’s net profit was approximately RMB503.3 million, representing an increase of approximately 2.5% as compared to approximately RMB491.2 million for the corresponding period in 2025. The net profit margin was approximately 7.2%, representing a decrease of approximately 0.2 percentage points as compared to approximately 7.4% for the corresponding period in 2025. During the Period, the profit attributable to owners of the Company was approximately RMB517.0 million, representing an increase of approximately 9.5% from approximately RMB472.3 million for the corresponding period in 2025. Property and equipment The Group’s property and equipment mainly comprises buildings, machinery, vehicles, furniture, fixtures and equipment. As at 30 June 2026, the net book value of the Group’s property and equipment amounted to approximately RMB88.2 million, representing an increase of approximately RMB6.2 million as compared with approximately RMB82.0 million as at 31 December 2025. Intangible assets The Group’s intangible assets include computer software, property management contracts and customer relationships and goodwill. As at 30 June 2026, the Group ’s intangible assets amounted to approximately RMB1,294.1 million, representing a decrease of approximately RMB85.9 million as compared with approximately RMB1,380.0 million as at 31 December 2025, which was mainly attributable to impairment and amortization of goodwill, property management contracts and customer relationships recognized by the subsidiaries acquired in prior years amounting to approximately RMB42.8 million and approximately RMB42.5 million, respectively during the Period.
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– 33 – Trade and other receivables As at 30 June 2026, the Group ’s trade receivables amounted to approximately RMB2,923.4 million, representing an increase of approximately RMB272.6 million as compared with approximately RMB2,650.8 million as at 31 December 2025, which was mainly attributable to the increase in the balance of trade receivables resulting from the expansion of the Group ’s GFA under management and the impact of the payment collection cycle certain projects. The Group ’s other receivables decreased by approximately RMB0.4 million from approximately RMB519.7 million as at 31 December 2025 to approximately RMB519.3 million as at 30 June 2026. Trade and other payables Trade and other payables include trade payables, provisional receipts, deposits payable, consideration payable for mergers and acquisitions, wages and benefits payable, dividends payable, tax payable and estimated liabilities. As at 30 June 2026, the Group ’s trade payables amounted to approximately RMB1,978.9 million, representing an increase of approximately RMB91.6 million as compared with approximately RMB1,887.3 million as at 31 December 2025, which was mainly attributable to the expansion of the Group ’s revenue scale and the increase in trade payables for materials procurement, repair and maintenance works, and other related expenses arising from the Group ’s efforts to enhance service quality. Other payables decreased by approximately RMB241.2 million from approximately RMB2,144.5 million as at 31 December 2025 to approximately RMB1,903.3 million as at 30 June 2026 (of which long- term payables of approximately RMB75.0 million, and current payables of approximately RMB1,828.3 million), which was mainly attributable to the Group ’s payment of consideration for business combinations in prior years and the decrease in transactions with third parties.
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– 34 – Contract liabilities Contract liabilities mainly arise from prepayments made by customers for related services yet to be provided such as property management services, community living services, asset management services and community operation services. As at 30 June 2026, the Group ’s contract liabilities were approximately RMB2,317.0 million, representing a decrease of approximately RMB306.7 million as compared with approximately RMB2,623.7 million as at 31 December 2025, which was mainly attributable to the decrease in the prepayment for property service fees. Liquidity and financial resources As at 30 June 2026, the Group ’s total available funds (including cash and cash equivalents, restricted cash, wealth management products and structured deposits maturing within three months) amounted to approximately RMB4,244.3 million, representing a decrease of approximately RMB66.2 million as compared with approximately RMB4,310.5 million as at 31 December 2025. Of the Group’s total bank deposits and cash, restricted bank deposits of approximately RMB127.6 million mainly represented the industry regulatory funds of Evergrande Insurance Agency Co., Ltd., deposits for the provision of property management services as required by local government authorities, cash restricted to projects managed on a remuneration basis only and funds for litigation preservation of some subsidiaries. As at 30 June 2026, the Group had net current assets of approximately RMB645.2 million (as at 31 December 2025: net current assets of approximately RMB87.5 million). The Group’s current ratio (current assets/current liabilities) was approximately 1.09 times (as at 31 December 2025: 1.01 times). As at 30 June 2026, the Group did not have any borrowings. Accordingly, the gearing ratio (calculated as total borrowings divided by total equity at the dates indicated) as at 30 June 2026 was nil (as at 31 December 2025: nil).
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– 35 – MAJOR RISKS AND UNCERTAINTIES The major risks and uncertainties faced by the Group are set forth below. Such factors are not exhaustive and therefore other risks and uncertainties may also exist. Industry risks The operation of the Group may be affected by the regulatory landscape of the industry and related measures. The main reason is that the fees charged by property management companies for management services are strictly monitored and supervised by relevant regulatory authorities. The business performance of the Group depends on the contracted GFA, the chargeable GFA under management and the number of property projects under management, but the business growth is affected and will likely continue to be affected by the regulations of the Government of the People ’s Republic of China (the “PRC”) in relation to the industry to which the Group belongs. Business risks The Group’s ability to maintain or improve its current profit level depends on its ability to maintain or expand its current scale and effectively control operating costs. Affected by the market environment and related party issues, the Group may be unable to collect relevant revenues such as property management fees from customers, which may result in impairment losses on trade receivables; the Group cannot guarantee that it will obtain new property management service contracts as planned, or at an appropriate pace and price; the liquidation of the controlling shareholder may also lead to a change in the Company ’s controlling rights, which may affect the stability of the Company ’s management team; in addition, the Group’s profit margin and operating results may be materially and adversely affected by increases in labor costs or other operating costs. All the above factors may have a material adverse impact on the Group ’s business, financial condition and operating results.
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– 36 – Risks Arising from Related Party Issues Affected by the liquidation of the controlling shareholder and the progress of its asset disposal, the Group may face the termination of some of its prior property management service contracts and be unable to convert the contracted GFA promptly and effectively. Furthermore, changes in the profit model of certain related party businesses may lead to a decline in the profitability of the relevant businesses. Meanwhile, in the past, the promotion and sale of wealth management products to property owners by related parties may have involved certain subsidiaries and employees of the Company. Due to the overdue non-redemption of some wealth management products, some employees have assisted the relevant authorities in investigations. Meanwhile, during the property promotion process by the related parties, there were issues such as unfulfilled commitments regarding property management fees. All these situations have directly affected property owners ’ willingness to pay fees and exerted a negative impact on the Company ’s collection of property management fees from property owners and the recovery of receivables. Up to the present, the Board is not yet able to accurately assess the specific impact that the above-mentioned issues may have on the Group. The Company will continue to follow them up and fulfill its disclosure obligations in accordance with the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in a timely manner when appropriate. Foreign exchange risks The business of the Group is mainly located in PRC. Save for bank deposits denominated in foreign currencies, there is no major direct exchange rate fluctuation risk faced by the Group. During the Period, the Directors expected that the RMB exchange rate would not have a material adverse effect on the operations of the Group. Currently, the Group has not entered into contracts to hedge its exposure to foreign exchange risk, but the management will continue to monitor foreign exchange risks and adopt prudent measures to reduce potential exchange risks.
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– 37 – Risk of unrecoverable material losses The Group has incurred significant losses (the “Losses”) as a result of the enforcement by relevant banks of the pledge of RMB13.4 billion deposits, which had been fully provided for as impairment losses in 2021. The Group has filed proceedings against the China Evergrande Group (in liquidation) ( “China Evergrande Group”) and the relevant responsible parties for the recovery of Losses with the Guangzhou Intermediate People’s Court of Guangdong Province in the PRC and obtained court judgements that the China Evergrande Group and the relevant responsible parties (except for Guangzhou Xinyuan) shall repay the deposit pledge amount and interest losses and bear the case handling fee. Among them, the judgements of Evergrande Hengkang 1.7 billion Proceeding, Evergrande Hengkang 1 billion Proceeding, Jinbi Hengying 1 billion Proceeding, Jinbi Hengying 0.7 billion Proceeding and Jinbi Property 2 billion Proceeding have become effective and the remaining cases are still subject to appeal. The Group will make every effort to promote the enforcement work in accordance with the effective judgments of the court. As at 30 June 2026, the Group has recovered approximately RMB9.5 million from the relevant parties, and will continue to take reasonable measures to collect the remaining debt in future to actively safeguard the interests of the Group. However, subject to the current status of the China Evergrande Group and the relevant responsible parties, there are still material uncertainties as to the amount of Losses that could be recovered by the Group, and the Company will keep the market informed of any progress in a timely manner by way of publication of further announcement(s). PLEDGE OF ASSETS As at 30 June 2026, the Group had no pledged assets. CONTINGENT LIABILITIES As at 30 June 2026, the Group had no material contingent liabilities. HUMAN RESOURCES As at 30 June 2026, the Group had 101,070 employees (as at 31 December 2025: 100,567 employees). The employees were remunerated in accordance with the Group ’s remuneration and welfare policies with reference to the positions of employees, performance, profitability of the Company, industry level and market environment.
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– 38 – The Group has to participate in social insurance contribution plans or other retirement plans organized by local governments, and make contributions to social insurance funds monthly on behalf of employees for the payment of pension funds, medical insurance, work-related injury insurance, maternity insurance, unemployment insurance and housing provident funds, or make contributions to mandatory provident fund for employees regularly. Based on the three-level training mechanism of “headquarters-region-project”, the Group is committed to implementing a three-year training program for management trainees recruited from campus, trainings for new employees and key talent trainings. The Group organizes and conducts trainings on various professional skills, general aptitude, management ability and corporate culture in accordance with our business development needs and employee career planning, in order to improve the comprehensive quality and work capabilities of employees. During the Period, all staff participated in training, with a total of 330,000 hours of training and an average of 3.3 hours of training per person. SIGNIFICANT INVESTMENTS, MATERIAL ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES During the six months ended 30 June 2026, the Group did not have any significant investment, material acquisition or disposal of subsidiaries, associates or joint ventures. FUTURE PLANS FOR MATERIAL INVESTMENTS OR CAPITAL ASSETS As at 30 June 2026, the Group had no specific future plans for material investments or capital assets. PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES During the six months ended 30 June 2026, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company ’s listed securities (including the sale or transfer of treasury shares). As of 30 June 2026, the Company did not hold any treasury shares.
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– 39 – SHARE SCHEMES The share option scheme was approved and adopted by the shareholders of the Company at the extraordinary general meeting of the Company held on 10 May 2021. No share options had been granted since the adoption of the share option scheme up to 30 June 2026. Save as the above, the Company has not adopted any other share scheme. EVENTS AFTER THE REPORTING PERIOD Save for the matter disclosed below, since 30 June 2026 and up to the date of this announcement, there has been no other material subsequent events that have occurred to the Group. Progress of the Potential Transaction The joint and several liquidators (the “Liquidators”) of China Evergrande Group and CEG Holdings (BVI) Limited (in liquidation) ( “CEG Holdings ”) have been seeking opportunities to dispose of, among other things, the shares in the Company held by China Evergrande Group and CEG Holdings (the “Potential Transaction”). As at the date of this announcement, the latest progress of the Potential Transaction is as follows: (i) following the decision of the previous potential purchasers not to proceed with the Potential Transaction, the Liquidators have continued discussions with several potential purchasers regarding the Potential Transaction. Such potential purchasers include parties newly joining the process as well as other parties that have previously participated in the process; (ii) A number of potential purchasers have been invited to conduct due diligence on the Group and to submit non- binding proposals in relation to the Potential Transaction by September 2026; and (iii) as at the date of this announcement, the Liquidators have not entered into any formal or legally binding agreement with any potential purchaser in relation to the Potential Transaction, and the timing for the execution of any definitive transaction documentation has yet to be determined. For details of the above matters, please refer to the announcements of the Company dated 11 September 2025, 15 October 2025, 14 November 2025, 19 December 2025, 13 January 2026, 6 February 2026, 11 March 2026, 14 April 2026, 19 May 2026, 25 June 2026, 27 July 2026 and 20 August 2026.
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– 40 – COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE The Company has adopted the code provisions of the Corporate Governance Code (the “CG Code”) as set out in Part 2 to Appendix C1 to the Listing Rules as the Company ’s corporate governance code. For the six months ended 30 June 2026, the Company had complied with all the applicable code provisions of the CG Code. COMPLIANCE WITH THE MODEL CODE FOR SECURITIES TRANSACTIONS The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”) as set out in Appendix C3 to the Listing Rules as the Company ’s code of conduct securities transactions by the Directors. The Company has made specific enquiry of all the Directors and they have confirmed that they have complied with the requirements set out in the Model Code throughout the six months ended 30 June 2026. INTERIM DIVIDEND The Board does not recommend the payment of any interim dividend in respect of the six months ended 30 June 2026 (six months ended 30 June 2025: Nil). AUDIT COMMITTEE In accordance with the requirements of the CG Code and the Listing Rules, the Company has established an audit committee (the “Audit Committee ”) comprising three independent non-executive Directors, namely, Ms. Wen Yanhong (Chairperson of the Audit Committee), Mr. Peng Liaoyuan and Mr. Dong Xinyi. The Audit Committee and the management of the Company have considered and reviewed the accounting principles and practices adopted by the Group, and have reviewed the unaudited interim results and consolidated financial statements of the Group for the six months ended 30 June 2026. The interim financial information contained in this announcement, including the comparative figures, has been reviewed by the Audit Committee.
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– 41 – REVIEW OF UNAUDITED INTERIM RESULTS The unaudited interim results of the Group for the six months ended 30 June 2026 have been reviewed by the Company’s independent auditor, CLA Prism Hong Kong Limited (formerly known as Prism Hong Kong Limited), in accordance with Hong Kong Standard on Review Engagements 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity ” issued by the Hong Kong Institute of Certified Public Accountants. PUBLICATION OF INTERIM RESULTS ANNOUNCEMENT AND INTERIM REPORT This interim results announcement has been published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (www.evergrandeservice.com). The interim report of the Company for the six months ended 30 June 2026 containing all the information required by the Listing Rules will be dispatched to shareholders of the Company (if requested) and made available on the aforesaid websites in due course. By order of the Board Evergrande Property Services Group Limited Duan Shengli Chairman Hong Kong, 31 August 2026 As at the date of this announcement, the Board comprises Mr. Duan Shengli, Mr. Han Chao and Mr. Hu Xu as executive Directors; Mr. Sang Quan and Mr. Lin Wuchang as non-executive Directors; and Mr. Peng Liaoyuan, Ms. Wen Yanhong, Mr. Dong Xinyi, Mr. Lam Wai Hon and Mr. Hoong Cheong Thard as independent non-executive Directors.