Dear Shareholders,

On behalf of the board (the “Board”) of directors (the “Directors”) of Grand Field Group Holdings Limited (the “Company”), I am pleased to present to the annual report of the Company (the “Annual Report”) on the activities for the year ended 31 December 2024.

In 2024, the properties market in China faced an environment full of challenges and opportunities. Despite market adjustments and policy changes, with continued support for national team economic growth and gradual relaxation of policies the market has steadily recovered. In first-tier and some second-tier cities, market demand remains strong. It demonstrates stable growth potential in the real estate market.

The Company and its subsidiaries (collectively referred to as the “Group”) continues to adhere to its strategy of sound operations. Facing market fluctuations, we continue to optimize and adjust to the combination of our investment in properties. Over the past year, we not only successfully combined and disposed of some assets to raise the efficiency of the use of capital, but also actively expanded diversified business models. In doing so, we have further strengthened the Group’s competitiveness in the market.

Looking to the future, we will continue to optimize the combination of the properties assets of the Group and concentrate on high-quality and high-potential assets. We will adopt precise management strategy to raise the value of assets. We will base on market demand and follow the change of government policies to flexibly adjust our investment directions in order to maximize the shareholders’ returns.

I would like to thank all of our staff and business partners for their continuous effort and selfless contribution and also, our shareholders and customers for their continuous trust and support. We believe, relying on our mutual effort, the Group will continue to strive to create greater value and develop steadily in the new market environment.

We are confident, in the support of you, that we will move towards a brighter future.

Ma Xuemian
Chairman

Hong Kong, 28 March 2025