Sunac China Holdings Limited (the "Company," together with its subsidiaries, the "Group") is a limited liability company incorporated in the Cayman Islands, whose shares were listed on the Main Board of the Hong Kong Stock Exchange ("HKEX") in 2010. Guided by the brand philosophy of "Pursuit of Excellence, Striving for the Future," the Group is committed to delivering high-quality products and services, integrating premium resources, and creating inspiring living environments and comprehensive lifestyle solutions for Chinese families. With real estate as its core business, the Group has established a diversified portfolio spanning property development, property management, ice-and-snow resort operations, cultural tourism, and cultural industries. Over more than two decades of development, the Group has emerged as a leading player in China's real estate sector and a premier operator in the ice-and-snow industry, a leading cultural-tourism operator, and a major property owner, boasting nationally leading capabilities in integrated urban development and industrial synergy. Leveraging its strategically positioned, high-quality land bank and industry-leading product expertise, the Group's property development business is primarily concentrated in the Yangtze River Delta, the Bohai Rim, South China, Central China, and Western China, and is organized into nine regional divisions: the Beijing Division (covering Beijing, Qingdao, Jinan, and other cities); the North China Division (including Tianjin, Harbin, Dalian, and other cities); the Shanghai Division (encompassing Shanghai, Nanjing, Suzhou, and other cities); the Southeast Division (comprising Hangzhou, Fuzhou, Hefei, and other cities); the Central China Division (including Wuhan, Changsha, Zhengzhou, and other cities); the South China Division (covering Guangzhou, Sanya, and other cities); the Northwest Division (including Xi'an, Taiyuan, and other cities); the Chengdu–Chongqing Division (encompassing Chongqing and Chengdu, among others); and the Yunnan–Guizhou Division (including Kunming, Guiyang, Xishuangbanna, and other cities).