Mingfa Group (International) Company Limited reported unaudited contracted sales of RMB519.40 million for the three months ended 31 March 2026, a 24.10% decline from RMB684.30 million in the same period of 2025. Contracted sales area totalled 72,479 sq m, translating into an overall average selling price (ASP) of RMB7,167 per sq m.

Zhangzhou, Fujian Province, remained the largest revenue contributor, generating RMB104.00 million—or 20.00% of total contracted sales—on 15,172 sq m at an ASP of RMB6,854 per sq m. Nanjing, Jiangsu Province, followed with RMB64.70 million (12.50%) on 4,438 sq m, supported by the period’s highest city-level ASP of RMB14,574 per sq m.

Other key markets included Ma’anshan, Anhui Province (RMB48.30 million, 9.30%); Danzhou, Hainan Province (RMB45.70 million, 8.80%); and Wuxi, Jiangsu Province (RMB43.50 million, 8.40%). Collectively, these five cities accounted for 59.40% of the Group’s first-quarter contracted sales.

The figures disclosed are unaudited and derived from the Group’s internal sales records. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.