Xiangjiang Holdings: It is expected to incur a net loss of 80 to 98 million yuan in 2025.

The announcement of Hong Kong Holdings states that, based on preliminary calculations, the net profit attributable to the owners of the parent company for the year 2025 is expected to be between -80 million yuan and -98 million yuan, compared to 61.79 million yuan in the same period last year; the non-recurring net profit is expected to be between -200 million yuan and -218 million yuan, compared to 23.0981 million yuan in the same period last year. During the reporting period, the company did not have any concentrated real estate project delivery inspection due to factors such as market conditions and project completion acceptance time, making it unable to recognize income centrally, resulting in a decrease in revenue compared to the same period last year. This performance forecast has not been audited, and specific financial data is subject to the annual report.