Yang Huiyan responds to Country Garden's 10 billion yuan loan service.

On May 9th, Country Garden Group held its monthly management meeting. Recently, the controlling shareholder of Country Garden Group has used all of their shares of Country Garden Services as collateral to borrow 1 billion RMB to invest in the construction of affordable housing in China. In response to this, the Chairman of the Board of Directors, Yang Huiyan, stated that this is a major and resolute decision. Selling assets to support affordable housing, and quickly restore the company's normal operations, is the firm goal of the founder and controlling shareholder. We have confidence in the company's ability to resume normal operations. It was also revealed at the meeting that the overseas debt restructuring of Country Garden is progressing in an orderly manner. As of May 9th, according to the announcement, more than 50% of the holders of the existing public notes have joined the restructuring support agreement.