HANG LUNG Chen Wenbo: Cautiously optimistic about this year's prospects, the primary task remains debt reduction

HANG LUNG GROUP (00010.HK) and HANG LUNG PPT (00101.HK) Chairman Chen Wenbo stated that although the overall market conditions have stabilized, the company no longer emphasizes "preserving capital and survival," but still adopts a more conservative approach, being cautiously optimistic about this year's prospects. He emphasized that the company's primary task remains to reduce debt to lower risks, and it is also expected that the company will not aggressively acquire land.

CEO Lu Weibao added that last year HANG LUNG was "steady and advancing," with overall market conditions improving. The company also launched the "HANG LUNG V.3" strategy during the year, focusing on expanding its business in core cities in mainland China, enhancing customer experience, consolidating business scale and project visibility through high capital efficiency and prudently selected investment projects, and accelerating cash flow.

Regarding Lu Weibao's retirement before August 31 this year, Chen Wenbo mentioned that although he feels reluctant and regretful, he will respect and fully support Lu Weibao's decision. Additionally, Lu Weibao will continue to serve as a consultant for at least one year