About POWERLONG Company

Baolong Real Estate Holdings Limited (1238.HK) (the “Company” or “Baolong”) and its subsidiaries (collectively, the “Group”) focus on developing and operating comprehensive commercial real estate projects. On October 14, 2009, the Company was successfully listed on the main board of the Hong Kong Stock Exchange Limited (the “Stock Exchange”). On December 30, 2019, Baolong Commercial Management Holdings Limited (9909.HK) (“Baolong Commercial”), a subsidiary of the Group, was successfully listed on the main board of the Stock Exchange, becoming the first asset-light commercial management and operation service provider listed on the Stock Exchange. On June 30, 2024, the Group's commercial projects covered the “Baolong Yicheng”, “Baolong Plaza” and “Baolong Tiandi” product series. Residential projects cover various business formats, from medium to high-end commercial houses to villas, and office buildings, hotels and apartment projects with complete service facilities and high standards. Baolong is continuously improving retail facilities in local cities with diverse three-dimensional business formats to enhance the quality of the city. From helping the urbanization process of the People's Republic of China (“China”) to integrating into the Yangtze River Delta, Baolong has always closely followed the national strategic direction, focusing on urban clusters supported by the country's macroeconomic strategy policies and high economic development vitality. While meeting the country's growing demand for complex real estate, it has provided many employment opportunities for society and realized people's needs and dreams for life. The Group's successful development stemmed from the innovative ideas of Chairman of the Board of Directors, Mr. Xu Jiankang, which were injected into enterprise development from the beginning and have been driving corporate transformation. The Group will continue to be a responsible enterprise, adhere to the path of high-quality development, adhere to the corporate mission of “let space have love”, follow the corporate values of “simple and realistic, symbiotic and win-win, and endless progress”, continue to carry forward the enterprise spirit of “honesty, courtesy, innovation and dedication”, unswervingly gather the wisdom and strength of all Baolong people, and forge ahead with one heart to contribute to the steady and healthy development of the industry and a virtuous cycle, and continue to create more value for the enterprise, society and country.