Shen Kang Jia A: Due to the impact of fluctuations in the real estate market, the progress of the joint venture company's old reform project is slower than expected, resulting in overdue shareholder loans of 196 million yuan.

On September 26, Shenzhen Konka Group announced the overdue situation of shareholder loans provided by its holding company, Dongguan Kangyu Hong. The announcement stated that recently, the company's shareholder loan to Dongguan Kangyu Hong had reached the deadline. Due to the slower progress of the Dongguan Kangyu Hong renovation project than expected, in order to accelerate the project progress and ensure fund security, the company requested Dongguan Kangyu Hong to repay the principal of the shareholder loan provided by the company, which amounts to 196 million yuan, along with interest according to the contract. However, Dongguan Kangyu Hong was unable to repay in a timely manner due to insufficient funds, resulting in the overdue shareholder loan.