Houston, TX, Mar 31, 2026 - (ACN Newswire) - Epique Realty is proud to announce it has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2026. This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations.Epique Realty earned the standing of No. 10 in the Business Services category on the 2026 Most Innovative Companies list.

Josh Miller, CEO and Co-Founder expressed his appreciation, "We are humbled to receive this prestigious honor from Fast Company and believe it further proves that a brokerage built on empowering agents with technological generosity can and is transforming this industry. It is a tribute to every agent who believed in our vision and for our teams that work diligently to build a smarter, faster, and more connected future for all of us."

"True innovation isn't just about software; it is about how that software improves human lives," added Janice Delcid, CFO and Co-Founder. "The unprecedented efficiency of our tech ecosystem allows us to fund our model of radical generosity. By providing our agents with free healthcare, a 401K, and over 70 essential business services, we are using technology to create real financial security for independent professionals."

"At our core, we are a profoundly human-centric company powered by cutting-edge tools," stated Christopher Miller, COO and Co-Founder. "Our expansion into all 50 states, Canada and Australia this past year was fueled by our technology, but it is our culture of inclusion, mentorship, and agent-led philanthropy that truly makes us an innovative force for good in the communities we serve."

Over the past 18 months, Epique Realty implemented a multi-faceted innovation strategy that fundamentally reinvented the value proposition and business model for the real estate industry. With an innovative mission to empower agents to thrive, Epique achieved its goal with a revolutionary financial model, a proprietary AI and tech ecosystem, and a deeply human-centric cultural framework. The cornerstone of this transformation is Epique.ai, a proprietary ecosystem architected in-house by CEO Josh Miller that functions as a 24/7 virtual assistant for every agent. This platform allows agents to instantly generate marketing copy, virtually stage entire homes, and create multi-platform ad campaigns, automating tasks that can traditionally consume up to 80% of an agent's time and budget. To ensure mass adoption, Epique began scaling its industry-first AIPRO certification program, successfully training over 2,000 agents, and giving every solo professional the enterprise-level AI toolkit of a massive team.

This AI-powered operational efficiency serves as the economic engine that makes Epique's disruptive business model possible. By automating functions that typically require massive overhead, the brokerage can reinvest those savings directly back into its agents through a model of profound generosity. Instead of functioning as a fee-collecting service provider, Epique believes agents deserve more and acts as an investment partner by providing a comprehensive suite of over 70 essential business services completely free of charge. In the last year, Epique scaled this offering to include industry-first stability nets for all agents, such as full healthcare coverage, childcare support, and a 401K program, saving agents hundreds of thousands of dollars in medical costs.

The scalability and power of this integrated ecosystem enabled Epique to flawlessly expand from a Texas startup into an international brokerage operating in all 50 U.S. states, Canada, and Australia by 2025. This phenomenal growth Beyond geographical growth, Epique scaled a profoundly human-centric operating system, leveraging its lean, AI-driven operations to dedicate significant resources to agent-led philanthropic initiatives. Through programs like NEMO (National Emergency Management Organization) and Epique CARES, the company provides rapid disaster relief and community aid, proving that applied AI can be a powerful engine for creating not just profits, but profound, positive societal impact.

The World's Most Innovative Companies is Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company's editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.

"Our list of the Most Innovative Companies is about spotlighting organizations that don't just adapt to change-they drive it," said Brendan Vaughan, editor-in-chief of Fast Company. "The companies we honor this year are redefining what leadership looks like in 2026, pairing bold ideas with measurable impact and turning breakthrough innovation into real-world value. They are setting the pace for their industries and offering a blueprint for what sustained innovation can achieve."

The full list of Fast Company's Most Innovative Companies honorees can be found at https://www.fastcompany.com/most-innovative-companies. It will also be available on newsstands beginning March 31, 2026.

Fast Company will host the Most Innovative Companies Summit and Gala for honorees on May 19 in New York City. The summit features a day of inspiring content, followed by a creative black-tie gala including networking, a seated dinner, and an honoree presentation.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.

About Epique Realty

As the industry's first AI-certified brokerage, Epique Realty is one of the fastest-growing, agent-owned real estate brokerages. Shaping the future of real estate, Epique now operates in all fifty states with nearly 4,000 agents, and with Australia and Canada on-board, global expansion is underway. Its revolutionary agent-first model provides over 70 unheard of free phenomenal benefits with a proprietary AI platform (Epique.ai), and a culture of profound generosity. Epique is harnessing technology to build a more equitable, empowered, and successful future for real estate professionals. #BeEpique

Barbara Simpson | PR and Communications
281-773-7842 | Barbara@EpiqueRealty.com

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#FCMostInnovative #FastCompany #BeEpique #EpiqueRealty #RealEstateInnovation #LetsChangeEverything #PropTech #AgentFirst #RealEstateTech #TheEpiqueEra #TheFutureIsEpique

SOURCE: Epique Realty

HONG KONG, Mar 29, 2026 - (ACN Newswire) - The 2025 annual report of Shoucheng Holdings (0697.HK) sends a clear signal: the company is entering what it describes as its “best period in history.” The key to this assessment lies not merely in the growth of a single business segment, but in the fact that, after eight years of continuous transformation, Shoucheng Holdings has established a dual-engine core business model of “industrial funds + asset management” and is now entering a new phase of accelerated earnings realization.

In his Chairman’s Statement, Chairman Zhao Tianyang noted that over the past eight years, the company has completed a continuous evolution from the divestment of non-performing assets and the injection of high-quality assets, to asset restructuring, deep industrial cultivation, and finally the realization of returns. Today, the company is steadily entering a stage of medium-to-high-speed growth. This also means that Shoucheng Holdings has moved beyond its earlier restructuring-and-recovery logic and into a new cycle marked by clear core businesses, a mature business model, and accelerating value release.

From a business framework perspective, “industrial funds + asset management” has become the company’s most important growth engine. The former is responsible for value discovery, project investment, and securing high-quality assets, while the latter is responsible for operational efficiency enhancement, cash flow accumulation, and asset appreciation. Together, they form a closed-loop model spanning investment, operation, and exit, giving the company stronger earnings stability and greater certainty of future growth.

Among these businesses, the industrial fund segment has delivered particularly strong growth. In 2025, revenue related to the company’s industrial fund business reached approximately HKD 402 million, representing a year-on-year increase of about 37%. This shows that the segment has moved beyond a single management-fee model and entered a new phase driven by a dual engine of “management fees + investment returns.” At the same time, the company is advancing the launch of two core funds: a strategic emerging and future industries fund, and a special fund for asset restructuring, with its fund matrix continuing to expand.

The asset management business has further strengthened the company’s earnings foundation. In 2025, Shoucheng Holdings assisted in the issuance of seven publicly offered REITs and served more than 20 projects, corresponding to a total issuance scale of over RMB 100 billion. The company also continued to expand its presence in technology parks, consumer infrastructure, data centers, and clean energy. In its static transportation business, the company has promoted an upgrade from a single parking-fee model to diversified commercial revenue generation. Innovative business revenue accounted for 20% of the segment, while revenue yield per parking space increased by 17%, demonstrating the company’s ability to achieve both stable cash flow and asset appreciation.

Overall, what is most noteworthy about Shoucheng Holdings at present is not just its earnings growth itself, but the fact that its dual-core businesses of “industrial funds + asset management” have formed a complete closed loop, and the company is now moving from “completing transformation” to “realizing value.” The phrase “best period in history” is the most fitting testament to this pivotal leap forward.

HONG KONG, Mar 29, 2026 - (ACN Newswire) - Shoucheng Holdings (697.HK) is accelerating the build-out of its end-to-end REITs platform. In 2025, the company recorded investment income of HKD 222 million in this segment, along with dividend income of HKD 54.075 million, for a combined total of approximately HKD 276 million, representing about 19.2% of total revenue. This business has gradually become an important source of profit.

At the same time, the company partnered with China Life to establish a REITs stabilization fund with a total size of RMB 10 billion, further extending its reach into capital allocation and strengthening its closed-loop capabilities across investment, management, operation, and exit. As the business continues to deepen, Shoucheng Holdings is simultaneously advancing allocations to existing REITs and building reserves of incremental infrastructure assets, thereby continuously enhancing its capabilities in asset sourcing, operational synergies, and capital operations.

In his Chairman’s Statement, Chairman Zhao Tianyang assessed that the infrastructure asset market is now approaching an “inflection point.” Following the earlier price correction, the company will comprehensively scale up investment in 2026, continue to actively position itself around high-quality infrastructure assets and REITs opportunities, and seize the next market window.

HONG KONG, Mar 25, 2026 - (ACN Newswire) - Everbright Grand China Assets Limited, a property leasing, property management and sales of properties held for sale company under China Everbright Group ("Everbright Grand China Assets" or the "Group", Hong Kong Stock Exchange stock code: 3699) today announced the annual results for the year ended 31 December 2025 (the "Year under Review").

During the Year under Review, the Group's revenue was approximately RMB49.9 million (2024: approximately RMB45.9 million), representing a increase of approximately 8.7% as compared to last year, mainly attributable to the increase in total rental income from investment properties. The profit attributable to equity shareholders of the Company amounted to approximately RMB19.5 million (2024: approximately RMB25.3 million), representing an decrease of approximately 22.9% as compared to last year. The decrease in profit was primarily due to the increase in dividend withholding tax and deferred tax expenses recognised in 2025. The Board has proposed to pay a final dividend of RMB1.04 cents per share for the year ended 31 December 2025 (2024: RMB1.05 cents). Together with the interim dividend of RMB0.73 cents per share, the full year dividend amounts to RMB1.77 cents per share (2024: RMB2.17 cents per share).

As at 31 December 2025, the Group had current assets of approximately RMB241.0 million (2024: approximately RMB239.9 million). The increase in current assets was mainly a result of [the increase in deposits with maturity of more than three months and cash and bank balances during the year].. The Group had current liabilities of RMB20.1 million (2024: approximately RMB19.9 million). The increase in current liabilities was mainly due to he rise in lease liabilities arising from lease renewals.

Property Leasing

During the year under Review, the rental income from the Group’s property leasing business was approximately RMB34.0 million for the year ended 31 December 2025 (2024: RMB30.5 million). Due to increase in the average rent per square metre, and together with rental subsidies offered to tenants, the total rental income increase. As at 31 December 2025, the Group’s property portfolio comprises three commercial buildings, namely Everbright Financial Center, part of Everbright International Mansion and Ming Chang Building, with a total gross floor area (“GFA”) of approximately 89,507 square meters.

Property Management Service

The Group provides property management services for its properties, namely Everbright Financial Center and Everbright International Mansion. Revenue from the Group’s property management services was approximately RMB15.9 million for the year ended 31 December 2025 (2024: RMB15.4 million). The increase in revenue from property management services was due to the increase in restaurant income. As at 31 December 2025, the total GFA under the Group’s management was 72,534 sq.m.

Investment Properties

The Group's investment properties primarily consist of land and/or buildings which are owned or held under a leasehold interest to earn rental income and/or for capital appreciation. As at 31 December 2025, the fair value of the investment properties was RMB979.0 million (2024: RMB967.1 million), representing an increase of approximately 1.23%. For the year ended 31 December 2025, the valuation gain on investment properties amounted to approximately RMB10.3 million (2024: approximately RMB6.6 million).

PROSPECTS

As the World Bank noted that despite persistent trade tensions, the global economy has demonstrated stronger-than-expected resilience. Amid a complex environment of mounting external pressures and internal challenges, China continued to advance high-quality development, with the overall economy maintaining stable performance and achieving steady progress. With stable economic growth, corporate demand for commercial space has increased. Coupled with accelerated urbanization and the development of new business districts, demand for commercial properties has continued to rise, supporting the growth of commercial property management and leasing activities. In addition, the Chinese government has introduced a series of favourable policies for the commercial real estate sector, focusing on inventory digestion and optimization of industry planning, thereby providing further support to the property management and leasing industry.

The Group’s managed properties mainly comprise commercial assets. Despite macroeconomic conditions and market competition, tenancy arrangements, lease agreements and occupancy rates remained stable in 2025. However, rental levels for newly signed leases were lower than in previous periods. To mitigate the pressure arising from rental adjustments, the Group will continue to enhance customer satisfaction by incorporating value-added services into new lease agreements, including property maintenance and upkeep, facilities management and community event planning.

The Group’s existing properties are primarily located in Chengdu, Sichuan and Kunming, Yunnan—two key regional cities—and comprise three commercial buildings: Everbright Financial Center, Everbright International Mansion and Ming Chang Building. Benefiting from their prime locations and high-quality facilities, these properties have attracted a sizable number of state-owned enterprises and large institutions, providing a solid foundation for the Group’s leasing business. In recent years, the Group has successfully introduced tenants from emerging sectors such as software and technology, while also offering digitalised services to tenants. Looking ahead, the Group will continue to promote diversified business development and strive to attract more high-quality commercial tenants.

In addition, the further escalation of the situation in the Middle East in March 2026 has led to rising energy prices, heightened inflation expectations and slower economic growth, all of which are core factors affecting overseas investment decisions. Accordingly, the Group will carefully reassess its asset allocation and regional risks with respect to its overseas investment plans. Despite the current significant volatility in the global economy, the Group will adhere to the principle of prudent operation, flexibly seize investment windows, and ensure the safety of capital operations.

The Group continues to leverage technology to advance smart property management, enhance operational efficiency and elevate the customer experience. By strengthening digitalisation and refined management capabilities, the Group aims to further improve service quality and customer satisfaction.

By fully leveraging the synergy with its parent company, China Everbright Group, while actively developing diversified value-added services to broaden its revenue mix and enhance brand influence. As the industry undergoes transformation and upgrading, the Group remains committed to prudent operations, a strong focus on risk management and internal controls, agile responses to macroeconomic and policy developments, continuous optimisation of its asset portfolio, further strengthening of its resilience against market uncertainties, and also actively explore new development opportunities to create greater value for the shareholders.

About Everbright Grand China Assets Limited

Everbright Grand China Assets Limited is engaged in the businesses of property leasing and the provision of property management services under China Everbright Group. It owns, leases and manages properties located in Chengdu, Sichuan province, and also owns and leases a property located in Kunming, Yunnan province. The Group's properties are located in the city centers of Chengdu and Kunming, the key cities of western China. The Group's property portfolio includes three commercial properties, namely Everbright Financial Center, part of Everbright International Mansion and Ming Chang Building. For more information about Everbright Grand China Assets, please visit the Company’s website: https://ebgca.com.hk/.

This press release is issued by Porda Havas International Finance Communications Group on behalf of Everbright Grand China Assets Limited.

For inquiries, please contact:

Email: ebgca.hk@pordahavas.com

HONG KONG, Mar 17, 2026 - (ACN Newswire) – The real estate sector that is largely relationship-driven, asset-heavy in nature has traditionally been among the last industries to embrace advanced technological transformation.  However, as data becomes central to decision-making, digital transformation is rapidly redefining how real estate organisations operate. The Executive Centre (TEC) announces a pioneering leap forward, unveiling a comprehensive digital transformation strategy powered by Artificial Intelligence and advanced data analytics, poised to dramatically reshape how commercial real estate operates and delivers value.

The Executive Centre is advancing a structured digital transformation strategy anchored on three pillars: enterprise AI integration, advanced data intelligence, and scalable automation architecture purpose-built for the real estate sector.

At the forefront of this evolution is ECHO, TEC’s first internal AI agent, embedded within Microsoft Teams to support its global workforce. ECHO connects employees to a secure generative AI layer, enabling immediate access to institutional knowledge, operational playbooks, and market insights. By reducing information retrieval time and standardising best practices across markets, ECHO enhances productivity, shortens decision cycles, and improves execution consistency across Centres.

Beyond ECHO, TEC has deployed a network of AI agents across customer service, marketing, digital engagement, and operational workflows. Built on a modular, API-driven automation framework, this ecosystem enables seamless orchestration across internal systems, CRM platforms, and performance data environments. AI agents support real-time enquiry routing, lead qualification, campaign optimisation, multilingual content localisation, reporting automation, and data enrichment, ensuring faster turnaround times and greater precision in execution.

In parallel, TEC is strengthening its advanced data mining, scraping, and analytics capabilities to create a scalable digital backbone for real estate operations. By consolidating market signals, behavioural insights, and search intelligence, TEC can deliver hyper-personalised client solutions, forecast demand across cities, optimise space utilisation, and refine expansion strategies. Data is translated into actionable intelligence that directly enhances commercial performance and client experience.

Paul Salnikoff, Managing Director and Chief Executive Officer at TEC, commented, “The future of real estate will be defined by how effectively we mine, analyse and interpret data. For an industry that has traditionally relied on relationships and experience, technology is now becoming a critical differentiator. AI is not about replacing human judgement, but about strengthening it with speed, accuracy and intelligence. Gen-AI will reshape how real estate decisions are made, from operations to long-term strategy.  We are proud to be pioneering this integration, crafting a future-forward platform that will not only redefine our operations but also elevate our client experiences and provide us with a strategic edge in a rapidly evolving market. ”

Together, these initiatives position The Executive Centre at the forefront of technology-enabled real estate, where AI augments human expertise, drives measurable productivity gains, and serves as a strategic force multiplier across global markets.

HONG KONG, Mar 11, 2026 - (ACN Newswire) – Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the “REIT”; stock code: 405) announced its annual results for the year ended 31 December 2025.

Yuexiu REIT Management Team: Chairman and Non-Executive Director Mr. JIANG Guoxiong (center), Executive Director and Chief Executive Officer Ms. OU Haijing (left), and Chief Financial Officer Mr. KWAN Chi Fai (right)

2025 Annual Results Highlights:                                                    

- Overall operation remained resilient, with total revenue of RMB1,856 million (2024: RMB2,032 million).
- The average financing cost was 3.61%, a three-year low; the average interest payment rate was 3.77%, representing a year-on-year decrease of 76 basis points. Excluding exchange loss, the financing expenses decreased by approximately RMB152 million year-on-year.
- As at 31 December 2025, the overall occupancy rate of the properties was 82.1% (2024: 84.5%).
- Optimised the asset portfolio by disposing of a 50% interest in Yuexiu Financial Tower in Q4 2025, realising cash proceeds of approximately RMB5.3 billion to enhance financial flexibility. Yuexiu REIT maintained its "investment-grade" rating from both Standard & Poor's and Fitch, with the outlook upgraded to "stable".
- The final distribution to the Unitholders for the period will be approximately RMB0.0189, equivalent to HK$0.0214. Distribution per Unit for the year will be approximately RMB0.0522, equivalent to HK$0.0580. Distribution yield is 6.74% per Unit for the year.
- To maintain the REIT’s financial flexibility, the distribution ratio for the period from 1 July 2025 to 31 December 2025 has been adjusted to 90%, resulting in an overall full-year distribution ratio of approximately 96%.

Guangzhou International Finance Center (GZIFC):
- Operating revenue of the GZIFC complex was RMB984 million, accounting for 53.0% of the REIT’s total revenue.
- The office building of GZIFC introduced two Fortune Global 500 companies; the occupancy rate was 80.9%.
- GZIFC Shopping Mall introduced China Duty Free Group (CDFG), the first and currently the only downtown duty-free store in Guangzhou, achieving a renewal rate of 89% for the year, and an occupancy rate of 95.5% at the end of the period.
- Four Seasons Hotel Guangzhou's average room rate increased by 5.8% year-on-year. Ascott Serviced Apartments GZIFC achieved an average occupancy rate of 91.5%, up 1 percentage point year-on-year, with revenue reaching a record high for the period.

Proactive Management of Financing Risk and Effective Stabilisation of Financing Cost
- With regard to the short-term loan of RMB530 million, the 5-year syndicated loan of HK$2.1 billion, and the remaining HK$2.1 billion of the 3-year syndicated loan of HK$3.8 billion, all due in 2025, the Manager in 2025 renewed the short-term loan of RMB530 million, obtained offshore loan of RMB1.7 billion, issued dim sum bonds of RMB1 billion, and obtained an offshore syndicated loan package equivalent to HK$2.1 billion (a sustainability-linked loan), for the refinancing of the maturing loans so as to ensure effective monitor on the liquidity risk.
- A total of approximately RMB4.68 billion in loans were obtained in 2025 to partially refinance offshore HKD floating rate loans, taking advantage of the relatively low-cost of RMB financing to proactively adjust the financing structure. At the end of 2025, the financing interest rate exposure of Yuexiu REIT was approximately 10%, narrowed by 16 percentage points from 26% at the beginning of the year; the average financing cost was 3.61%, a three-year low, representing a decrease of 55 basis points from 4.16% at the beginning of the year; the average interest payment rate for the full year of 2025 was 3.77%, representing a year-on-year decrease of 76 basis points. Excluding the exchange loss, the finance expenses were approximately RMB773 million, representing a year-on-year decrease of approximately RMB152 million.
- As at the end of 2025, Yuexiu REIT had RMB financing of approximately RMB15.47 billion, accounting for 76% of total financing (2024: RMB financing of approximately RMB12.33 billion, accounting for 60% of total financing).

Mr. JIANG Guoxiong, Chairman and Non-Executive Director of Yuexiu REIT, said, "2025 marked the 20th anniversary of Yuexiu REIT's listing. The Manager consolidated its competitive advantages by taking strategic actions to secure market share, prioritised occupancy rates, strengthened risk control to stabilise lease renewals, enhanced product competitiveness to meet market demand and invested in capital renovation projects to ensure asset value preservation and appreciation. These efforts stabilised the fundamentals of operations in a challenging market, providing solid support for the full-year revenue. Concurrently, we optimised the asset portfolio by appropriately reducing the proportion of office buildings, and proactively captured favourable financing opportunities, successfully issuing the first-ever Panda Bonds by a listed REIT globally as well as the REIT’s inaugural green bond. Financing costs for the year reached a three-year low, effectively underpinning the overall distribution level. The successful execution of a series of pioneering capital operations fully demonstrated the Manager’s strategic commitment to driving the high-quality development of Yuexiu REIT. This underscored its resolute determination in creating sustainable and long-term value for Unitholders.”

Guangzhou International Finance Center (GZIFC)
During the year, GZIFC recorded a newly contracted area of 15,702 sq.m. The newly launched 7,403 sq.m. of furnished units recorded an absorption cycle of about 36 days, with an absorption rate close to 72%. Quality tenants introduced include two Fortune Global 500 companies, a Fortune China 500 company, a leading global shipping giant, and a renowned Internet-based culture, sports and entertainment company. In addition, the project recorded a renewal area of 34,294 sq.m. and a renewal rate of 86%, retaining quality tenants including six Fortune Global 500 companies and a foreign consulate. GZIFC was selected as one of the Top 30 companies in the “Performance Index - 2025 Commercial Property Operation Performance)” by Guandian.

GZIFC Shopping Mall renewed lease with its anchor tenant, Guangzhou Friendship Store, and introduced China Duty Free Group (CDFG) to set up a store, which is the first and currently the only downtown duty-free store in Guangzhou. In addition, GZIFC Shopping Mall launched the light meal and beverage area on the basement floor, coupled with the brand revitalisation of the dining tenants on the fourth and fifth floors by introducing seven “first stores”. Membership operations achieved remarkable results, with the share of member sales doubling to 16%. The project actively created digitalised consumption scenarios and made full use of mainstream platforms to attract customer flow through multiple channels. Specifically, the “Italian Culture Season” themed event was successfully held in collaboration with hotels, theaters, museums and consulates, effectively boosting customer flow and sales. Newly contracted area and renewal area totaled 35,573 sq.m., with a renewal rate of 89%. The occupancy rate was 95.5%.

Four Seasons Hotel Guangzhou launched the first batch of renovated rooms during the year. The average room rate was RMB2,260, representing a year-on-year increase of 5.8%. The average occupancy rate was 77.7%. The revenue per available room (RevPAR) was RMB1,756, representing a year-on-year increase of 0.9%. The RevPAR competitive index was 110.0, maintaining a relatively leading market position among luxury hotel competitors. Ascott Serviced Apartments GZIFC recorded an average occupancy rate of 91.5% during the year, representing a year-on-year increase of 1 percentage point. The average room rate was RMB1,137, representing a year-on-year increase of 1.6%. The RevPAR was RMB1,040, representing a year-on-year growth of 2.7%. The RevPAR competitive index reached 146.9, remaining at a high level among high-end apartment competitors. The Apartments achieved a record high in operating revenue for the same period and ranked first in operating revenue among Ascott China properties for ten consecutive years since 2016.

Yuexiu Financial Tower
The Manager disposed of 50% interest in Yuexiu Financial Tower in Q4 2025. Following completion of the disposal, Yuexiu Financial Tower became a Qualified Minority-owned Property of the REIT. The occupancy rate was 77.9% at the end of the period.

White Horse Building
White Horse Building introduced high-quality customers from core industrial clusters in Guangzhou, Shenzhen and Dongguan and recorded a newly contracted area of 5,808 sq.m. for the year, with full occupancy on the 1st floor for the first time in the past five years and a six-year record high set by the 2nd floor’s occupancy rate. During the year, it organised 22 original brands to showcase their products at professional exhibitions such as the Fashion World Tokyo, and the China International Fashion Fair; held the “White Horse Fashion Journey: Border Trade Supply Chain Matching Conference”, and established the “Guangdong-Xinjiang Fashion Industry Chain Supply and Procurement Cooperation Alliance” with ten wholesale markets in Urumqi, Xinjiang. During the year, it welcomed a total of 517 procurement delegations, along with nearly 13,000 purchaser visits, including 19 foreign delegations from France, Vietnam and other countries, and facilitated procurement deals worth RMB320 million. The occupancy rate was 96.0% at the end of the period.

Fortune Plaza
During the year, the project recorded a newly contracted area of 6,334 sq.m., and introduced certain quality tenants including several subsidiaries of a Fortune Global 500 integrated financial group, two Fortune Global 500 companies and the Guangzhou branch of two global leading companies. The project recorded a renewal area of 8,662 sq.m. and a renewal rate of 84.0%, retained quality tenants including three Fortune Global 500 companies and the Guangzhou branch of a national commercial bank. Upgraded product standards accelerated the absorption of vacant units, with an absorption rate of 93% for furnished units. The occupancy rate was 93.4% at the end of the period, representing a year-on-year increase of 1 percentage point, and a strong rebound of 5.4 percentage points from the interim period.

City Development Plaza
During the Reporting Year, the project recorded a newly contracted area of 9,279 sq.m. and introduced a beauty technology company and a pharmaceutical supply chain service company to enhance the ambience of healthcare business in the building. The project recorded a renewal area of 5,011 sq.m. and a renewal rate of 77%, retained tenants including a Fortune Global 500 company and a globally-renowned Contract Research Organisation (CRO). The occupancy rate was 90.6% at the end of the period.

Victory Plaza
Victory Plazq’s anchor tenant, Uniqlo, continued to play a flagship role, recording a 7.0% year-on-year sales growth for the year and maintaining its position as the top-selling store nationwide. The project successfully introduced the sports brand “Super Anta” to set up the largest store in the Guangzhou-Foshan region and “Crab Mang Mang”, the first store nationwide of Guizhou spicy crab business, achieved the diversification of its food and beverage brand portfolio. By connecting internal and external resources to hold fifteen major events, the mall achieved a year-on-year increase of 2.0% in its annual sales. During the year, newly contracted area and renewal area totaled 5,579 sq.m., with a renewal rate of 84%. The occupancy rate was 94.0% at the end of the period.

Shanghai Yue Xiu Tower
During the year, Shanghai Yue Xiu Tower recorded a renewal area of 6,430 sq.m., with a renewal rate of 43%, while securing a newly contracted area of 8,070 sq.m., efficiently making up for the prematurely vacated units. During the year, the project continued to increase the supply of small-area furnished units to meet market demand, formulated differentiated pricing strategies, and successfully held a channel recruitment conference, which attracted more than one hundred real estate agencies. By investing in various capital nature renovations, the project enhanced both energy efficiency and service standards. The occupancy rate was 83.1% at the end of the period.

Wuhan Properties
During the year, Wuhan Yuexiu Fortune Centre recorded a newly contracted area of 26,837 sq.m., and introduced quality tenants including two Fortune Global 500 state-owned enterprises, and two Fortune Global 500 foreign enterprises. In addition, it recorded a renewal area of 20,617 sq.m. and a renewal rate of 76.0%, hitting a new high in the past three years, and retained quality tenants, including seven Fortune Global 500 enterprises and a Fortune China 500 company. Approximately 21,000 sq. m. of renovated units were supplied throughout the year, with an absorption rate approaching 98%. The occupancy rate was 62.1% at the end of the period, representing a year-on-year increase of 1 percentage point.

Wuhan Starry Victoria Shopping Centre revitalised several popular dining and fitness brands, aiming to attract more family and young customer groups. The project deeply tapped into the consumption potentials of “night economy” and “scene experience” by leveraging the unique venue feature of “Joy Garden”, launching themed activities such as “Riverside Starry Night ”, thus achieving customer flow substantially in line with last year, while the shopping mall recorded a year-on-year increase of 0.5% in annual sales. During the year, newly contracted area and renewal area totaled 9,827 sq.m., with a renewal rate of 48.0%. The occupancy rate was 87.4% at the end of the period, representing a rebound of 5.0 percentage points from the interim period.

Hangzhou Victory
During the year, the project recorded a newly contracted area of 7,890 sq.m. and introduced a tenant to take up an entire floor. In addition, it recorded a renewal area of 8,836 sq.m. and a renewal rate of 54%, retained quality tenants including two Fortune Global 500 companies and the Zhejiang branch of a state-owned enterprise in Shanxi Province. The occupancy rate was 84.5% at the end of the period.

Integrating ESG into Business and Promoting Sustainable Development
Adhering to a long-term perspective, the Manager systematically advanced ESG initiatives. On the occasion of publicly disclosing Yuexiu REIT’s sustainability practices for the tenth consecutive year, the Manager officially renamed the “Environmental, Social and Governance Report” to the “Sustainability Report”, further promoting the deep integration of Yuexiu REIT’s strategy into sustainable development and reinforcing their synchronized progress. During the year, Yuexiu REIT received the highest Green Five Star rating and the title of “Global Sector Leader” for the first time from the Global Real Estate Sustainability Benchmark (GRESB) and once again secured A-rating (highest level) for public disclosure, highlighting its outstanding capabilities in the field of sustainable development.

Prospects
In the coming year, the Manager will maintain a prudent and optimistic attitude, adapt proactively to changes and strengthen risk managemen to generate stable return for the Unitholders. In terms of asset management, the Manager will dynamically implement proactive, prudent and flexible leasing and operating strategies in response to economic development trends and competitive dynamics, diligently explore new growth drivers, and keenly seize potential opportunities to enhance the market competitiveness of asset portfolio. In terms of financing management, the Manager will continue to review and make reasonable adjustments to its financing structure, and introduce low-cost RMB financing through various financing channels to offset interest rate risks. In respect of renovation projects, the Manager will carry out the phased renovations of Four Seasons Hotel Guangzhou in an orderly manner to support the long-term preservation and appreciation of property value.

About Yuexiu Real Estate Investment Trust
Yuexiu Real Estate Investment Trust ("Yuexiu REIT") was listed on the Hong Kong Stock Exchange of Hong Kong Limited on 21 December 2005 and is the first listed real estate investment trust only investing in properties in the People's Republic of China (the "PRC") in the world. As of 31 December 2025, Yuexiu REIT’s portfolio of properties consisted of ten properties (including one Qualified Minority-owned Property), namely, White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza, Guangzhou International Finance Centre (“GZIFC”), Yuexiu Financial Tower (a Qualified Minority-owned Property with a 49.495% beneficial interest) located in Guangzhou; Yue Xiu Tower located in Shanghai; Wuhan Yuexiu Fortune Centre, and Starry Victoria Shopping Centre located in Wuhan; Victory Business Centre located in Hangzhou; and Yue Xiu Building located in Hong Kong. The total gross floor area of the properties (excluding Yuexiu Financial Tower) was approximately 974,000 sq.m. All properties are located in the central business district of Guangzhou, Shanghai, Wuhan, Hangzhou and Hong Kong respectively. The categories of the properties include Grade-A offices, commercial complexes, retail business, hotel, serviced apartments and professional clothing market etc.

- The Shang Residence is a freehold residential project comprising 449 exclusive units in Kuchai Lama, an established residential township in Kuala Lumpur with existing amenities, schools, and healthcare facilities.

- Within walking distance to the proposed MRT Line 3 (Jalan Klang Lama Station), The Shang Residence is also minutes from lifestyle and retail hubs such as Mid Valley Megamall, Bangsar South, and KL Eco City, with convenient access via major highways such as NPE, KESAS, MEX, and the Federal Highway.

- Positioned as a modern urban sanctuary designed for multi-generational families,  The Shang Residence has resort-inspired lifestyle facilities and communal spaces including a 30m infinity pool, fitness studio, yoga & pilates studio, Himalayan salt sauna, pickleball court, sky dining pavilion, party pavilion & hotpot pavilion, mini theatre & KTV rooms, co-working lounge and private meeting suites, among others.

SINGAPORE, Mar 2, 2026 - (ACN Newswire) - Lincotrade & Associates Holdings Limited, (“Lincotrade” or the “Company” or “立鎧企業” and together with its subsidiaries, the “Group”), a specialist in interior fitting-out services, ispleased to announce its Group’s associate, Linc Venture Land Sdn. Bhd. (“Linc Venture”), in Malaysia has unveiled The Shang Residence (“The Shang Residence”), a freehold residential project located in Kuchai Lama, Kuala Lumpur, in a soft launch ceremony on 28 February 2026.

The official launch of The Shang Residence is currently expected to take place by June 2026 and the project is expected to be completed by 2029.

CEO of Lincotrade, Mr. Jackie Soh Loong Chow (苏隆昭先生) said: “The Shang Residence marks our maiden property development in Kuala Lumpur, and we are pleased to collaborate with established and reputable partners on this milestone project.

We are confident that its strategic location in Kuchai Lama, combined with thoughtfully curated resort-inspired facilities and convenient access, will resonate with discerning homeowners who prioritise elevated urban living with long-term value retention.

The limited supply of freehold residential developments in a mature enclave like Kuchai Lama further enhances the attractiveness of The Shang Residence, particularly with the new Jalan Klang Lama Station.”

Managing Director of Linc Venture, Mr. Alan Tee Kai Loon (郑凯伦先生) added: “Designed with a thoughtful range of layouts that prioritise functionality and everyday liveability, The Shang Residence seamlessly integrates purposeful design anchored on four key pillars — Harmony, Vitality, Precision and Stewardship. Each element has been carefully curated to deliver a resort-inspired living experience within a vibrant urban setting.

The Shang Residence reflects our vision of creating well-located homes that combine thoughtful design with lifestyle-driven amenities, offering residents both comfort and enduring value.”

About Lincotrade & Associates Holdings Limited

(Bloomberg Code: LINASC:SP  / SGX Code: BFT.SI)

Established in 1991 and based in Singapore, Lincotrade has over 30 years of experience in the interior fitting-out industry and have established a proven business track record since its inception. Since 2006, Lincotrade has had its own in-house processing facility to process, assemble and manufacture Carpentry Products to support and complement its interior fitting-out services.

Lincotrade is engaged in the provision of interior fitting-out services, additions and alterations (“A&A”) works and other building construction services primarily for the following three segments:

(a) commercial premises, such as offices, hotels, shopping malls and food and beverage establishments;
(b) residential premises such as condominium developments; and
(c) showflats and sales galleries.

Lincotrade’s interior fitting-out projects encompass space planning and lay-out, interior construction and finishing works on floorings, ceilings, partitions, doors, fixtures and fittings, mechanical, electrical and plumbing works such as air-conditioning installation, water and sewage fit-outs, lighting, power and other works. Lincotrade also provide A&A works include minor alterations, extension, conversion and upgrading of buildings as well as minor repair and improvement works. In addition, Lincotrade provides building construction services which mainly consist of the construction of showflats and sales galleries.

During FY2025, Lincotrade also ventured into property development business via Linc Venture Land Sdn. Bhd. in Malaysia.

As part of its sustainability strategy, the Group has an established environmental management system to enhance its environmental performance and reduce its impact on the environment.

In addition to its commitment in the reduction of on-site energy consumption and construction waste, the Group has been using environmentally friendly materials, such as laminate and veneer made from reconstructed or recycled material, in its projects to reduce lumbering of forests. The Group was awarded the Singapore Green Label by the Singapore Environmental Council for its wooden panel doors which are made from renewable and sustainable materials.

For more information, please visit their website at http://www.lincotrade.com.sg

Issued on behalf of Lincotrade & Associates Holdings Limited by 8PR Asia Pte Ltd.

Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

HONG KONG, Feb 25, 2026 - (ACN Newswire) – Champion Real Estate Investment Trust (Stock Code: 2778), which owns Three Garden Road and Langham Place properties, announced its annual results for the year ended 31 December 2025.

HIGHLIGHTS OF THE 2025 ANNUAL RESULTS

- Improved macro environment with gradual recovery in property market confidence: Benefiting from the recovery in capital markets, tourism rebound and interest rate drop, market sentiment improved in 2025, laying the foundation for commercial property recovery.

- Portfolio resilience maintained: Despite the challenging operating environment with abundant office supply and shifting consumer behaviour, the Trust maintained stable occupancy rates for both office and retail properties, with Langham Place Mall maintaining a high occupancy rate of 99.3%.

- Capital market recovery drives an upturn in Central office leasing activity: Leasing momentum at Three Garden Road warmed up in the second half of 2025 with site inspections increasing by 61% year-on-year. Over 75% of leases expiring in 2026 have been renewed ahead of maturity.

- Proactive tenant-mix management and IP-led strategy reinforce trendsetting positioning: In 2025, Langham Place Mall strengthened its trendsetting credentials by introducing a range of trendy and lifestyle brands. Newly introduced tenants achieved sales 80% higher than previous operators, while pop-up stores tied to major marketing campaigns delivered triple-digit sales growth.

- Langham Place Office Tower continues to elevate its market competitiveness: The property deepened its premier wellness hub positioning through the "6D Wellness" channel, achieving 4.6 million cumulative social media views, and pioneered Hong Kong's inaugural "Quality Service Charter" with support from over 90% of wellness tenants, further strengthening its position as an industry-leading wellness centre.

- Prudent financial management: All debt facilities maturing in 2025 were successfully refinanced, and HK$1.5 billion of banking facilities have been secured for early refinancing debt due in 2026. And lower average Hong Kong Interbank Offered Rate (“HIBOR”) in 2025 resulted in meaningful interest savings.

Ms. Christina Hau, Chief Executive Officer of Champion REIT, said, “2026 marks the 20th anniversary of Champion REIT, signifying an important milestone in the Trust's evolution from a single Central Grade A office asset to a diversified portfolio of landmark properties. In a challenging market environment, the Trust continues to demonstrate business resilience through prudent asset management and flexible strategic direction. Our consistent management focus is clear and targeted: while maintaining occupancy rates and enhancing income quality, we ensure financial stability. Over the past year, the Trust has made substantial progress in all these areas. Through proactive and orderly financial management, we ensure the Trust operates steadily through the current cycle."

She added, "As new Central Grade A office supply is gradually absorbed by the market, supply-demand conditions are expected to stabilise from 2027 onwards. Champion REIT has established favourable conditions to capture future market recovery opportunities. Looking ahead, we will continue to play the role of ‘Super Connector’ and ‘Super Value-Adder’, fostering collaboration among tenants, partners and the community, combining innovative thinking with rigorous execution to create sustainable long-term value for stakeholders across different market environments.”

Summary of financial results

OPERATING REVIEW

Market Overview

Despite ongoing global macroeconomic volatility arising from trade uncertainties and geopolitical tensions, market sentiment in Hong Kong rebounded solidly in 2025. The recovery was supported by a strengthening stock market, steady growth in inbound tourism and an increasing number of mega-events. These improvements were further underpinned by a considerable decline in the Hong Kong Interbank Offered Rate ("HIBOR"), which boosted homeowner disposable income and lowered corporate borrowing costs.

However, the operating environment for the Trust remained challenging. Abundant office supply in the market continued to weigh on market rents, while the retail market is undergoing structural adjustment due to evolving consumer behaviour and a sustained increase in outbound travel by local residents. Against this backdrop, asset quality becomes even more critical, underscoring the importance of proactively optimising the tenant mix to navigate cyclical volatility.

Three Garden Road

The leasing momentum of Central Grade A office strengthened starting the third quarter of 2025 with increasing net absorption. Demand was supported by the upswing in initial public offerings ("IPOs") and solid equity market performance with higher daily turnover. Expansion and pre-leasing commitment of sizable areas by financial institutions signalled confidence in the market outlook. The active capital market activities also created spillover effect for other sectors with notable leasing transactions of relocation and expansion from the legal sector in particular.

Leasing activity at Three Garden Road strengthened in 2025. Site inspections in second half of 2025 increased by 61% year-on-year, resulting in several new tenants from the asset management and family office sectors. Occupancy remained stable at 81.6% (31 December 2024: 82.6%), with space vacated by departing occupants largely backfilled by new leases and expansions from existing tenants. Our proactive retention strategy continued to deliver results, securing renewals for over 75% of 2026 expiring leases, thereby enhancing stability and forward visibility.

Langham Place Office Tower

Langham Place Office continued to deepen its differentiated positioning as a premier hub for wellness and lifestyle offerings. By expanding the “6D Wellness” ecosystem, the property enhanced tenant engagement and broadened its digital reach, with the wellness channel surpassing 4.6 million cumulative views across major social media platforms. With the launch of the Social Wellness Hall, and in collaboration with the Hong Kong Retail Management Association to introduce Hong Kong’s first “Quality Service Charter” for wellness practitioners, which received support from over 90% of wellness tenants, the property further strengthened its market profile as a premium hub for wellness services.

Amid a challenging office market, Langham Place Office Tower adopted a prudent yet proactive leasing strategy, continuing to attract healthcare, medical and beauty operators while fostering industry clustering and complementarities. These efforts enhanced the diversity and resilience of the tenant mix, further reinforcing the property’s positioning as a leading destination for premium wellness and healthcare services. It remains a premier choice for location-sensitive businesses, maintaining a stable occupancy rate of 86.9% (31 December 2024: 87.2%).

Langham Place Mall

Hong Kong’s retail market began to recover and gain momentum following the Golden Week in May in 2025. Supported by the influx of visitors and a vibrant calendar of mega-events, total retail sales resumed growth after more than a year of contraction. For the full year, overall retail sales in Hong Kong increased by 1.0% year-on-year, driven primarily by a 12.8% rise in online sales. Against the backdrop of evolving consumer patterns, overall sales at Langham Place Mall saw a mild adjustment. Nevertheless, proactive tenant-mix optimisation delivered strong results, with the lifestyle category recording double-digit sales growth.

Marking the 20th anniversary of its opening, Langham Place Mall strengthened both leasing and marketing efforts during the year. More than 30 new brands were introduced, including the first overseas branch of Chiikawa Ramen Buta, which generated significant attention and successfully boosted footfall. Upholding the spirit of “WOW! WE PLAY”, the mall continued to advance its “Stay Local, Trend Global” strategy, leveraging year-round promotional campaigns and anniversary celebrations to reinforce its leadership position as a trendsetting retail destination. Occupancy remained high at 99.3%.

New tenants surpassed previous operators by an average of 80% in sales, while pop-up stores tied to major marketing campaigns achieved triple-digit sales growth, reflecting the strong synergy between brand partnerships and content-driven activations. In addition, the introduction of themed experiences and designer events on Levels 9 to 12 successfully revitalised historically lower-traffic floors, stimulating cross-floor spending, enhancing spatial efficiency, and generating incremental non-traditional revenue. These initiatives have enabled the mall to demonstrate sustained resilience and competitiveness amid a rapidly evolving retail landscape.

Sustainability

The Trust continued to embed sustainability deeply into its asset management strategy, with a strong focus on environmental stewardship, health and well-being, and community engagement. We achieved the highest five-star rating in the GRESB Real Estate Assessment for the third consecutive year and attained an “AA+” rating in the Hang Seng Corporate Sustainability Benchmark Index, reaffirming our leadership in sustainable practices.

At Three Garden Road, the successful implementation of an AI-optimised chiller plant system delivered an annual energy savings of 6.1%. In parallel, we worked closely with tenants to advance the EcoChampion Pledge, fostering collective action in energy efficiency, waste reduction and green procurement.

In addition, guided by our “6D Wellness” framework, we rolled out a range of community collaboration programmes to support the physical, mental and social well-being of tenants and visitors. These initiatives underpin our commitment to creating long-term value for all stakeholders.

Outlook

Looking ahead, while uncertainties in the global macroeconomic environment remain, market sentiment in Hong Kong is expected to improve gradually, supported by the resilience of capital markets and the recovery of inbound tourism, which will in turn provide support for office demand and local consumption. We remain cautiously optimistic about the operating environment in Hong Kong. While there are still market challenges, Champion REIT is well positioned to capture emerging opportunities. We will continue to adhere proactive asset management strategy to deliver long-term value for our stakeholders.   

About Champion REIT (stock code: 2778)

Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust has been awarded the top five-star rating by GRESB for three consecutive years since 2023.

Website: www.championreit.com

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