Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.Stock code: 000029 200029 Stock abbreviation: SPG A SPG B Announcement No.: 2026-011

Shenzhen Special Economic Zone Real Estate &

Properties (Group) Co. Ltd.Abstract of 2025 Annual Report

I. Important notes

The summary of the annual report is extracted from the full text of the annual report. In order to fully understand the

Company's operating results financial status and future development plans investors should carefully read the full text

of the annual report on the media designated by the CSRC.All directors attended the board meeting at which this report was considered.Prompt of a modified report

□ Applicable√ Not applicable□

Proposed profit distribution plan or the proposal for capitalization of reserves to increase share capital for the reporting

period deliberated by the Board of Directors

□√Applicable □Not applicable

Whether to convert capital reserves to capital shares

□ Yes √ No□

The company’s profit distribution plan approved by the board of directors this time is: based on 1011660000 shares

a cash dividend of 0.35 yuan (tax included) will be distributed to all shareholders for every 10 shares and 0 shares

(tax included) will be given as bonus shares. The capital reserve will not be converted into share capital. This Report

has been prepared in both Chinese and English. In case of any discrepancy the Chinese version shall prevail. Table

of Contents .Important Notice Table of contents and Definitions II. Company Profile & Financial Highlights.Proposed profit distribution plan for preferred shares for the reporting period resolved by the Board of Directors

□Applicable □ Not applicable

II. Basic information of the Company

1. Company profile

000029

Stock name SPG SPG-B Stock code

（200029）

Stock exchange Shenzhen Stock Exchange

Contact person and contact

Secretary of the Board of Directors Securities affairs representative

information

Name Luo Yi Hong Lu

47/F SPG Plaza Renmin South Road 47/F SPG Plaza Renmin South Road

Office address Luohu District Shenzhen Guangdong Luohu District Shenzhen Guangdong

P.R.China P.R.China

Fax （86 755）82294024 （86 755）82294024

Tel. （86 755）25108897 （86 755）25108837

E-mail spg@sfjt.sihc.com.cn spg@sfjt.sihc.com.cn

1Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.

2. Introduction to main business or products during the reporting period

The Company focuses on the development of residential properties. Its projects for sale are mainly

located in Shenzhen and Shantou including SF Cui Lin Yuan in Shenzhen and Tianyue Bay in

Shantou. The Company is specialised in residential real estate development with on-sale projects

mainly distributed in Shenzhen and Shantou. These include Cuilinyuan in Shenzhen and Tianyuewan

in Shantou.

3. Key accounting data and financial indicators

(1) Major accounting data and financial indicators in the past three years

Whether the Company needs to retroactively adjust or restate the accounting data of previous years

□ Yes √ No□

Unit: RMB

Increase/decrease at

the end of this year

As at the end of 2025 As at the end of 2024 As at the end of 2023

compared with the

end of last year

Total assets 3882782985.57 5987780656.67 -35.15% 6485312507.46

Net assets

attributable to

3612323196.383512112493.422.85%3691082484.20

shareholders of the

listed company

Increase/decrease

2025 Year 2024 this year compared Year 2023

with last year

Operating revenue 1482872299.36 407022191.44 264.32% 530887720.68

Net profit attributable

to shareholders of 99956003.75 -176710947.65 156.56% -250839542.09

the listed company

Net profit attributable

to shareholders of

listed companies

234352924.49-197979921.69218.37%-267984286.36

after deducting non-

recurring profit or

loss

Net cash flows from

-95319433.93-127403949.7925.18%1045037248.19

operating activities

Basic earnings per

0.0988-0.1747156.55%-0.2479

share (RMB/share)

Diluted earnings per

0.0988-0.1747156.55%-0.2479

share (RMB/share)

Weighted average

rate of return on net 2.81% -4.91% 7.72% -6.52%

assets

2Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.

(2) Quarterly main accounting data

Unit: RMB

Q1 Q2 Q3 Q4

Operating revenue 330053200.67 307313020.68 261486861.10 584019216.91

Net profit attributable

to shareholders of 72421123.75 30606522.67 42090029.10 -45161671.77

the listed company

Net profit attributable

to shareholders of

listed companies

68102809.3126249678.6637588629.07102411807.45

after deducting non-

recurring profit or

loss

Net cash flows from

-18784578.27-68637663.31-4582204.79-3314987.56

operating activities

Whether the above financial indicators or their aggregate are significantly different from the financial indicators related

to the Company's disclosed quarterly and semi-annual reports

□ Yes √ No□

4. Share capital and shareholders

(I) Number of ordinary shareholders number of preferred shareholders whose voting rights have been

restored and shareholdings of the top 10 shareholders

Unit: shares

Total

number of

Total ordinary

Total number of Total number of

number of sharehold

preferred preferred shareholders

ordinary ers at the

shareholders whose voting right is

sharehold end of the

38034 38997 whose voting rights 0 restored at the end of 0

ers at the month

have been restored the month before the

end of the before the

at the end of the disclosure date of the

reporting disclosure

reporting period annual report

period. date of the

annual

report

Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)

Number of Pledge marking or

shares held freezing

Nature of Sharehold Number of

Name of shareholder under

shareholder ing ratio shares held

restricted Share Number

conditions status

State-

Shenzhen Investment 55424728 Not

owned legal 54.79% 0 0

Holdings Co. Ltd. 0 applicable

person

Domestic

Shenzhen State-owned

non-state- Not

Equity Operation 6.35% 64288426 0 0

owned legal applicable

Management Co. Ltd.person

Yang Jianmin Domestic 1.02% 10287700 0 Pledged 3890000

3Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.

natural

person

Hong Kong Securities

Overseas Not

Clearing Company Ltd. 0.70% 7038483 0 0

legal person applicable

(HKSCC)

Domestic

Not

Wang Yulan natural 0.62% 6228591 0 0

applicable

person

Domestic

Not

Zhang Xiujuan natural 0.46% 4696600 0 0

applicable

person

Domestic

Not

He Qiao natural 0.39% 3968100 0 0

applicable

person

Domestic

Not

Wang Jinghua natural 0.31% 3100000 0 0

applicable

person

Domestic

Not

Wang Zhengying natural 0.29% 2961900 0 0

applicable

person

Domestic

Not

Zhang Tianxue natural 0.28% 2830283 0 0

applicable

person

Among the top 10 shareholders of the Company Shenzhen State-owned Equity

Notes to shareholders'

Management Co. Ltd. is a wholly-owned subsidiary of Shenzhen Investment Holdings Co.related relationship or

Ltd. The Company does not know whether there exists associated relationship among the

persons acting in

other shareholders or whether they are persons acting in concert as prescribed in the

concert

Administrative Measures for the Acquisition of Listed Companies.Shareholders Among the top 10 shareholders the shareholder ranked 3rd holds 6180200 shares in a

participating in margin credit securities account the 6th ranked shareholder holds 4600000 shares in a credit

financing and securities securities account the 7th ranked shareholder holds 3112986 shares in a credit securities

lending business (if account and the 9th ranked shareholder holds 2961900 shares in a credit securities

any) account.Participation of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10

shareholders of unrestricted tradable shares in refinancing business and lending shares

□ Applicable√ Not applicable□

Changes of the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares compared with the

previous period due to refinancing lending/repayment

□ Applicable√ Not applicable□

(2) Total number of preferred shareholders of the Company and shares held by top 10 preferred shareholders

□ Applicable√ Not applicable□

The Company had no preferred shareholders during the reporting period.

4Summary of 2025 Annual Report of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.

(3) Disclose the property rights and control relationship between the company and the actual owner in the

form of a block diagram

The State-owned Assets Supervision and Administration Commission

of the People’s Government of Shenzhen Municipal

Shenzhen Investment Holdings Co.Ltd.Shenzhen State-owned Equity Operation

Management Co. Ltd.Shenzhen Special Economic Zone Real Estate & Properties (Group) Co. Ltd.

5. Bonds existing on the approval date of the annual report

□ Applicable√ Not applicable□

III. Important matters

For details please refer to the full text of the Company's 2025 Annual Report.

5