ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2024 (Summary)

Stock Code: 000011 200011 Stock Name: PRD PRD-B Announcement No. 2024-33

SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT

(GROUP) LTD.INTERIM REPORT 2024 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim Report of ShenZhen Properties & Resources Development (Group) Ltd. (together with its

consolidated subsidiaries the “Company” except where the context otherwise requires). In order for a full understanding of the

Company’s operating results financial condition and future development plans investors should carefully read the aforesaid full

report which has been disclosed together with this Summary on the media designated by the China Securities Regulatory

Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:

□ Applicable □ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable □ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable □ Not applicable

This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

Stock name PRD PRD-B Stock code 000011 200011

Stock exchange for stock listing Shenzhen Stock Exchange

Previously used stock names (if any) N/A

Contact information Board Secretary Securities Representative

1ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2024 (Summary)

Name Zhang Gejian Ding Minghua and Chen Qianying

20/F International Trade Center Renmin 39/F International Trade Center Renmin

Office address South Road Luohu District Shenzhen South Road Luohu District Shenzhen

Guangdong Province P.R.China Guangdong Province P.R.China

Tel. 0755-82211020 0755-82211020

E-mail address 000011touzizhe@szwuye.com.cn 000011touzizhe@szwuye.com.cn

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No

H1 2024 H1 2023 Change (%)

Operating revenue (RMB) 856028445.25 1905464632.85 -55.08%

Net profit attributable to the

listed company’s shareholders 9212457.81 220903444.63 -95.83%

(RMB)

Net profit attributable to the

listed company’s shareholders

9739027.97220844711.14-95.59%

before exceptional gains and

losses (RMB)

Net cash generated from/used

-736827101.44-580021658.15-27.03%

in operating activities (RMB)

Basic earnings per share

0.01550.3707-95.82%

(RMB/share)

Diluted earnings per share

0.01550.3707-95.82%

(RMB/share)

Weighted average return on

0.20%4.92%-4.72%

equity (%)

30 June 2024 31 December 2023 Change (%)

Total assets (RMB) 16658662273.55 16988062068.09 -1.94%

Equity attributable to the

listed company’s shareholders 4485266996.47 4661810328.75 -3.79%

(RMB)

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

Number of ordinary Number of preferred shareholders with

382420

shareholders resumed voting rights (if any)

Top 10 shareholders (exclusive of shares lent in refinancing)

Shareholdi Shares in pledge marked

Name of Nature of

ng Number of shares Restricted shares or frozen

shareholder shareholder

percentage Status Shares

Shenzhen State-

Investment owned

50.87% 303144937 1733626 N/A 0

Holdings legal

Co. Ltd. person

Shenzhen

Domestic

State-

non-state-

owned

owned 6.38% 38037890 0 N/A 0

Equity

legal

Manageme

person

nt Co. Ltd.China State- 2.77% 16491402 0 N/A 0

2ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2024 (Summary)

Orient owned

Asset legal

Manageme person

nt Co. Ltd.Domestic

Wang

natural 0.42% 2500000 0 N/A 0

Zhong

person

Industrial

and

Commercia

l Bank of

China

Limited－

Southern

China

Securities

Other 0.36% 2135434 0 N/A 0

Full Index

Real Estate

Trading

Open-

ended

Index

Securities

Investment

Fund

Hong Kong

Securities Foreign

Clearing legal 0.31% 1859738 0 N/A 0

Company person

Ltd.Domestic

Duan

natural 0.30% 1760565 0 N/A 0

Shaoteng

person

Domestic

Yang

natural 0.29% 1728084 0 N/A 0

Yaochu

person

Domestic

Li Xinyi natural 0.25% 1500000 0 N/A 0

person

Domestic

Mai Furong natural 0.21% 1248596 0 N/A 0

person

Related or acting-in- The largest shareholder Shenzhen Investment Holdings Co. Ltd. is the controlling shareholder of

concert parties among the the Company and Shenzhen State-owned Equity Management Co. Ltd. And the Company does not

shareholders above know whether there are related parties or acting-in-concert parties among the other shareholders.Shareholders involved in

At the end of the Reporting Period among above shareholders the shareholder Duan Shaoteng held

securities margin trading

all shares of the Company via his credit securities account.(if any)

5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

□Applicable □ Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the

prior period

□Applicable □ Not applicable

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

3ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2024 (Summary)

□ Applicable □ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable □ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable □ Not applicable

Part III Significant Events

(I) Regarding the Change of Controlling Shareholders’ Equity

During the Reporting Period the Company received notification from Shenzhen Investment Holdings Co. Ltd. ("SIHC ") the

controlling shareholder of the Company that due to the execution of a court judgment 1730300 restricted shares of the Company

held by Shenzhen Duty-Free Commodity Enterprises Co. Ltd. had been transferred to the name of SIHC. The number of shares of

the Company held by SIHC and its concert parties increased from 339452527 shares (representing 56.957% of the total share

capital of the Company) to 341182827 shares (representing 57.247% of the total share capital of the Company). For details

please refer to the Announcement on the Change of Controlling Shareholders' Equity (No. 2024-04) disclosed by the Company on

Cninfo (http://www.cninfo.com.cn).(II) Regarding the provision of guarantees for subsidiary to apply for loans from banks

During the Reporting Period to meet the capital needs of the subsidiary Yangzhou Wuhe Real Estate Co. Ltd. (hereinafter

referred to as "Yangzhou Wuhe") for development and construction of Shenyang Digital Town Yangzhou Wuhe intended to apply

for loans of no more than RMB1 billion from banks and other financial institutions which will be used for the development

construction and day-to-day operation of Shenyang Digital Town. The Board of Directors agreed that the Company would enter

into guarantee agreements with banks and other financial institutions to provide guarantees of no more than RMB670 million for

Yangzhou Wuhe to apply for the loans. For detailed progress please refer to the Announcement on Providing Guarantees for the

Subsidiary to Apply for Loans from Banks (Announcement No. 2024-20) and Announcement on Progress of Providing Guarantees

for the Subsidiary to Apply for Loans from Banks (Announcement No. 2024-30) disclosed by the Company on

http://www.cninfo.com.cn.(III) Regarding joint stock company's conclusion of the housing expropriation compensation agreement

4ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2024 (Summary)

During the Reporting Period the Company's joint stock company Shenzhen Real Estate Jifa Warehousing Co. Ltd. concluded

the Housing Expropriation Compensation Agreement with Shenzhen Yantian District Land Maintenance Affairs Center. For the

compensation amount please refer to the Real Estate Valuation Report on Housing Expropriation of the Pingyan Railway

Renovation Project (Yantian Section) issued by Guozhonglian Asset Evaluation Land and Real Estate Valuation Co. Ltd. For

detailed progress please refer to the Announcement on Joint Stock Company's Conclusion of the Housing Expropriation

Agreement (Announcement No. 2024-25) and Announcement on Progress of Joint Stock Company's Receipt of the Housing

Expropriation Compensation (Announcement No. 2024-27) disclosed by the Company on http://www.cninfo.com.cn.(IV) Regarding shareholder's transfer of part of the Company's shares under agreement and equity change

During the Reporting Period the Company received a notice from the controlling shareholder Shenzhen Investment Holdings Co.Ltd. (hereinafter referred to as "SIHC") stating that it concluded a Share Transfer Agreement with China Orient Asset

Management Co. Ltd. (hereinafter referred to as "China Orient") on 28 June 2024 pursuant to which it intends to transfer its

unrestricted outstanding shares (29799000 shares) in the Company and all shareholder equities arising from them to China Orient

which account for 5.00% of the Company's total share capital. After the transfer SIHC will hold 273345937 shares in the

Company accounting for 45.87% of the Company's total share capital and China Orient will hold 46290402 shares in the

Company accounting for 7.77% of the Company's total share capital. This equity change does not cause changes in the Company's

controlling interest. For details please refer to the Suggestive Announcement on Shareholder's Transfer of Part of the Company's

Shares under Agreement and Equity Change (Announcement No. 2024-28) disclosed by the Company on

http://www.cninfo.com.cn.

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