• Red Star Macalline shifted its medium-to-long-term plan toward an asset-light model, prioritizing cash-flow optimization, lower leverage, asset revitalization.
• Strategy drops large-scale, higher-risk heavy-asset investment, aiming to stabilize operations while mitigating financial risk.
• IPO A-share proceeds: RMB 17.07 million to permanently replenish working capital, replacing expected retention payments on two projects with internal funding.
• 2020 non-public A-share proceeds: terminate two mall projects, redirect RMB 999.65 million to permanent working-capital replenishment.
• Capital redeployment targets debt-structure optimization, improved liquidity, reduced financial risk, support for core businesses with higher turnover.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Red Star Macalline Group Corp. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12262842), on July 30, 2026, and is solely responsible for the information contained therein.