Core Insights - The property management industry is transitioning from focusing on new housing projects to emphasizing the management of existing assets and stock market operations due to a decline in the new housing market, with new housing starts expected to decrease by 20.4% year-on-year in 2025 [2][30] - The importance of value-added services in enhancing asset value and the necessity of implementing stock asset operations are highlighted as key strategies for property companies [2][30] Group 1: Concept and Value - Stock asset operation refers to a series of management activities aimed at maintaining and enhancing the value of completed real estate properties through professional management, services, renovations, and capital operations [3][31] - The value generated from stock asset operations includes maintaining asset pricing, enhancing owner experience, improving property fee collection rates, and contributing to social value through community governance [3][31][32] Group 2: Implementation Path - High-quality basic services are essential for asset preservation, acting as a "stabilizer" for asset value, while diversified value-added services serve as a "magnifier" and "accelerator" for enhancing asset value [6][34] - Successful examples, such as the Nanjing project by New Town Yue Service, demonstrate how quality property management can maintain property values even in declining markets, with the average second-hand house price remaining at 4.39 million yuan per square meter, higher than the opening price [9][36] Group 3: Execution Principles - Property companies must prioritize understanding the actual needs of owners when selecting value-added services, shifting from a supply-driven model to a demand-driven approach [11][38] - Establishing a systematic demand insight mechanism is crucial for capturing unspoken needs of owners, such as temporary storage or pet services, through various data collection methods [12][39] Group 4: Integrated Practices - The exploration of the "property service + life service" model has been encouraged by policies since 2021, aiming to integrate property services with various life services to enhance community asset operations [20][44] - The "property service into households" initiative aims to extend professional services into private home spaces, addressing specific household pain points and enhancing the trust and skill levels of property companies [23][48] Group 5: Case Studies - Various property companies are implementing innovative service models, such as the "One-stop Resource Integration Platform" by Country Garden Service, which combines multiple social service resources [21][47] - New Town Yue Service's "Yue XIN Home+" system provides professional in-home services, addressing daily household challenges and enhancing owner satisfaction [25][50]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 彩生活服務集團有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01778 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.1 | HKD | | 5,000,000,000 | 本月底 ...

Group 1: Debt Restructuring Progress - The company has made significant progress in its debt restructuring efforts, with a court order from the Hong Kong High Court directing creditors to hold a meeting on February 20 to review the proposed restructuring plan [1] - The company is also advancing its offshore debt restructuring plan in the Cayman Islands, with a hearing scheduled for January 23 [1] - The initiation of the statutory review process for the restructuring plan marks the entry into the creditor voting phase, indicating a structured approach to resolving debt issues [1] Group 2: Sale of Stake in Color Life - The company announced the sale of 409 million shares of Color Life for approximately $4.5284 million (around 31.59 million RMB), resulting in a significant reduction in its ownership stake and loss of control over Color Life [2] - The sale price of HKD 0.087 per share represents a discount of about 48.82% compared to the market price at the time of the restructuring agreement [3] - The buyer of the shares is an entity controlled by the company's founder, indicating that while the company loses control, the shares remain within the founder's influence [4] Group 3: Resolution of Dispute with TFISF - The company resolved a long-standing debt dispute with TFISF by selling Color Life shares, which will be used to repay debts owed to TFISF [3] - The dispute began in 2021, with the company failing to repay a principal amount of $500 million, leading to TFISF's attempts to auction off shares held in trust [5] - The resolution is seen as a near "win-win" situation, allowing the founder to regain control of the shares while alleviating some of the company's debt issues [6] Group 4: Debt Extension and Restructuring - The company has received support for the extension of $4 billion in debt and multiple domestic bonds, with a court order facilitating the restructuring process [6] - The restructuring plan includes three repayment options, with the longest maturity extending to 2034 and interest rates reduced to around 3% [6] - A significant majority of creditors have agreed to the restructuring support agreement, indicating strong backing for the company's debt management strategy [7] Group 5: Financial Performance and Future Outlook - The company reported cumulative sales of 664 million RMB over the first 11 months of the previous year, indicating ongoing challenges in the market [6] - The recent debt restructuring efforts provide the company with an opportunity to stabilize its financial position and seek future growth in a volatile market environment [6]

Group 1 - Splendid Fortune Enterprise Limited increased its stake in Color Life Services Group (01778) by approximately 409 million shares at a price of HKD 0.087 per share, totaling around HKD 35.55 million [1] - After the acquisition, Splendid Fortune's total shareholding in Color Life reached approximately 928 million shares, representing a stake of 49.89% [1]

Group 1 - Splendid Fortune Enterprise Limited increased its stake in Colour Life (01778) by approximately 409 million shares at a price of HKD 0.087 per share, totaling around HKD 35.55 million [1] - Following the acquisition, Splendid Fortune's total shareholding in Colour Life reached approximately 928 million shares, representing a stake of 49.89% [1] Group 2 - Splendid Fortune Enterprise Limited, along with Fantasia Holdings Group Co., Limited and TFISF, entered into a Restructuring Agreement, which includes the acquisition of 408,595,119 Colour Life shares by Splendid Fortune [2] - The capitalized terms used in the agreement align with those defined in the announcement published by Fantasia on January 2, 2026, which provides further details [2]

Group 1 - Splendid Fortune Enterprise Limited increased its stake in Colour Life (01778) by approximately 409 million shares at a price of HKD 0.087 per share, totaling around HKD 35.55 million [1] - Following the acquisition, Splendid Fortune's total shareholding in Colour Life reached approximately 928 million shares, representing a 49.89% ownership stake [1] - The acquisition is part of a Restructuring Agreement involving Fantasia Holdings Group Co., Limited, TFISF, and Splendid Fortune Enterprise Limited, which includes the acquisition of 408,595,119 Colour Life shares by Splendid Fortune [2]

Core Viewpoint - The "Warm Winter Classroom" initiative in Karamay District aims to enrich the cultural and spiritual lives of retirees, promoting health and happiness in their later years [1][3] Group 1: Program Overview - The "Warm Winter Classroom" series of cultural and sports training activities has been officially launched, specifically designed for retirees [1] - The program emphasizes the importance of retirees as valuable societal assets and aims to encourage their active participation in community life [1] Group 2: Objectives and Environment - The initiative seeks to create a supportive environment for learning and socializing, enhancing retirees' adaptation to post-retirement life and overall happiness [3] - The program includes various popular courses such as table tennis, gateball, and Tai Chi, ensuring quality and safety for participants [3] Group 3: Community Engagement - The activities are designed to foster vitality and joy among retirees, showcasing the interplay of wisdom and experience in a warm and friendly setting [3] - The initiative represents not just a series of classes but a vibrant practice of enjoying a fulfilling later life, encouraging retirees to find their unique spark [3]

Core Viewpoint - The company announced a restructuring agreement involving the acquisition of approximately 21.97% of its issued shares by Splendid Fortune Enterprise Limited, with additional transactions involving TFISF and the retention of 9.98% of shares by the current major shareholder, Flower Year [1] Group 1 - The restructuring agreement includes a series of parallel transactions that require approval from a special general meeting of shareholders convened by Flower Year [1] - If any conditions of the restructuring agreement are not met by the final deadline, the agreement will become void [1] - As of the announcement date, Flower Year beneficially owns approximately 41.95% of the company's issued shares, which are subject to certain guarantees [1]

Group 1 - The core point of the article is that 彩生活 (01778.HK) has entered into a restructuring agreement involving a series of parallel transactions with 花样年, TFISF, and Splendid Fortune Enterprise Limited, which includes the acquisition of approximately 21.97% of the company's issued shares by the buyer [1] - The restructuring agreement includes the transfer of approximately 10.00% of the company's issued shares to an entity designated by TFISF as part of the execution of a purported guarantee [1] - 花样年 will retain approximately 9.98% of the company's issued shares, which are not subject to any purported guarantees or other claims [1] Group 2 - The completion of the transactions under the restructuring agreement is conditional upon several requirements, including approval at a special general meeting convened by 花样年 [1] - If any conditions are not met by the final deadline, the restructuring agreement will become void [1] - As of the announcement date, 花样年 beneficially owns approximately 41.95% of the company's issued shares, which are subject to purported guarantees [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 COLOUR LIFE SERVICES GROUP CO., LIMITED 彩生活服務集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：1778） 自願公告 有關涉及本公司股份糾紛之 花樣年控股集團有限公司重組協議 茲提述本公司日期為2021年12月9日及2025年11月11日的公告（「該等公告」）。 除另有界定者外，本公告所用詞彙與該等公告所界定者具有相同涵義。 本公司於2026年1月2日獲告知，花樣年、TFISF與Splendid Fortune Enterprise Limited（於本公告日期由曾寶寶小姐間接持有約67.36%的公司，「買方」）訂立 一份重組協議（「重組協議」），據此，各方有條件同意進行一系列平行交易， 涉及（其中包括）(i)買方於本公告日期收購本公司已發行股份約21.97%；(ii)將 於本公告日期本公司已發行股份約10.00%轉讓予TFISF指定實體作為對據 ...