Link: https://links.sgx.com/1.0.0/corporate-announcements/8O4GWCOWC6CM78QK/2521056a4b2485ed5b128968749cd9cf93f57ae1ea3530de95a0dac5dc16cb12

Summary:

• Debao Property Development Ltd. remains on the SGX-ST watch-list under the Financial Entry Criteria.
• The Group's revenue increased to RMB 21.2 million in the first quarter of 2025, up from RMB 16.9 million in the corresponding period of the previous year, driven by increased property sales.
• Gross profit rose to RMB 12.2 million in 1Q2025, primarily due to a higher proportion of property sales revenue.
• The Group recorded a net loss of RMB 21.0 million in 1Q2025, showing an improvement from a net loss of RMB 25.1 million in the corresponding period of the previous year.
• The Company is focused on strategic business planning and exploring opportunities to enhance performance and net asset value to meet the Financial Exit Criteria set by SGX-ST.