Sunac Real Estate Group Limited issued an announcement that part of the self-owned assets of "Wuxi Cultural Tourism City" are involved in judicial auction, which will be publicly auctioned on the jd.com online judicial auction platform from 10:00 on October 8, 2024 to 10:00 on October 9, 2024 (excluding extensions). The auction symbol is: the commercial real estate for business services of Jiangsu Province Wuxi City Wanda Cultural Tourism City 8 (Taihu Xiu Theater), under the name of the executed entity Wuxi Sunac City Investment Co., Ltd., with an assessed value of 397.26 million yuan and a starting price of 0.28 billion yuan. The company is also actively negotiating with the applying executing party to seek a proper solution.