R&FPROPERTIES：2022AuditedAnnualResultsAnnouncement.pdf

1、1Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia

2、nce upon the whole or any part of the contents of this announcement.(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)(Stock code:2777)2022 AUDITED ANNUAL RESULTS ANNOUNCEMENTThe board of directors(the“Board”)of Guangzhou R&F Properties Co.,Ltd.(the“

3、Company”or“R&F”,together with its subsidiaries,the“Group”)is pleased to announce the audited consolidated annual results of the Group for the year ended 31 December 2022.The annual results have been reviewed by the audit committee of the Company.2CHAIRMANS STATEMENTDuring the financial year 2022,it

4、continued to be a challenging environment for the global economy and Chinas property sector.Globally,developed countries struggled to strike a balance between inflationary pressures after COVID-19 pandemic(“Covid”)and relaxing monetary policies so as to avoid recession.Even though there is no feelin

5、g of the impact of inflation in 2022 yet,it became apparent that global supply shortages were insufficient to meet recovery demand post-Covid,fueling rising inflation in a long term and was not beneficial to the long term development.Compounding inflationary pressures,a slowdown in economic producti

6、vity and market uncertainty led to slower growth in wages and personal wealth.As inflation exceeded revenue growth rate,the emergence of a recession for many countries became a real possibility.This recurring theme of a recession and market uncertainty due to raising interest rates periodically led