Poly Property Services Co., Ltd. (the “Company”, “Company” or “Poly Property”, and its subsidiaries collectively referred to as the “Group” or “us”) is a leading comprehensive property management service operator with a central enterprise background in China. According to the China Index Research Institute's 2024 ranking of China's top 100 property service enterprises, the Group ranked second among the top 100 property service enterprises in China and number one among state-owned property service enterprises. The Group has set an industry benchmark with excellent service quality, with a brand value of approximately RMB 26.8 billion in 2024. The Group has three main business segments, namely property management services, value-added services for non-owners and community value-added services, which form the comprehensive services we provide to customers and cover the property management value chain. The Group continues to advance the “Big Property” strategic layout, managing residential communities, commercial and office buildings, and public and other properties. As of December 31, 2024, the Group's total contract management project area was about 988.1 million square meters, and the total number of contract management projects was 3,230, spread across 194 cities in 30 provinces, municipalities directly under the Central Government and autonomous regions across the country. The total area of managed projects was about 803.4 million square meters, and the total number of projects under management was 2,821.