Link: https://links.sgx.com/1.0.0/corporate-announcements/BQA1AQM629XZYTPZ/b7f790d88c0faf1a308d042d064908d1b1983444ade76fb33f675d52891a2169

Summary:

• The company remains on the SGX watch-list under Financial Entry Criteria since December 2019.

• Group revenue for Q3 2025 increased to RMB 60.3 million (from RMB 53.3 million in Q3 2024), with a rise in property sales of RMB 13.2 million partially offset by softer management fee income.

• Gross profit increased by RMB 6.0 million to RMB 35.4 million for the quarter.

• Net loss for Q3 2025 narrowed to RMB 62.0 million (from RMB 72.2 million in Q3 2024).

• The Group has one ongoing development project in Malaysia and two projects in China.

• Outlook: Government policy has stabilized property prices but reduced transaction volumes (0.9m sqm in Q3 2025 vs 1.1m sqm in Q2 2025).

• The company continues to focus on strategic planning and sourcing new business to improve net asset value, aiming to meet SGX’s Financial Exit Criteria. Quarterly disclosures and immediate updates are planned for material developments.