Link: https://links.sgx.com/1.0.0/corporate-announcements/NMV5PGE189PY5ZY2/a38f6af80079a6e295eef89f40a14debfd90f818d41bc637d5ac785a458cd34d

Summary:

• November 2025 pre-sales value (including joint ventures and associates) was RMB511 million, down 21.4% year-on-year.

• Pre-sales area fell to about 28,700 square metres, a 12.8% year-on-year decline, underscoring weaker contracted sales momentum.

• Management stressed that the figures are unaudited and based on preliminary internal data, cautioning investors against placing undue reliance on the monthly numbers.

• The announcement, approved by chairman Kong Jianmin, highlights ongoing pressure on China’s private developers despite continued project launches.