China Evergrande released an announcement

China Evergrande announced on the Stock Exchange on the evening of August 31 that as of the end of July 2023, Hengda Real Estate’s target amount of RMB 30 million yuan or more pending proceedings totaled 1931, and the total amount of the target amount totaled about RMB 437.743 billion yuan. As of the end of July 2023, Hengda Real Estate was involved in unliquidated maturing debts totaling about RMB 2775.01 billion.

In addition, as of the end of July 2023, Hengda Real Estate’s overdue commercial tickets accumulated about RMB 207.50 billion. As of the end of July 2023, Hengda Real Estate has completed a total of 70 real estate projects through equity transfer, land and construction-in-progress transfer, trust, and escrow.

During July 2023, Hengda Real Estate added 164 pieces of information to be executed, and the total amount to be executed was about RMB 12.647 billion. During July 2023, Hengda Real Estate added 55 new shares as a frozen subsidiary and shareholding company of the person to be executed, involving a total amount of about RMB 44.684 billion yuan.

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Original title: "China Evergrande Announcement"

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