Hang Da Property Group Limited (“Hang Da Properties”) issued a voluntary notice on 26 January 2024 disclosing the risk of underpayment of corporate income tax and late payments of approximately RMB6.5 billion due to the failure to provide sufficient supporting materials, resulting in the risk of underpayment of corporate income tax and payment contributions in 2021 and 2022. The three subsidiaries, Jinbi Properties Limited, Hang Tai Hang Kang Property Limited and Guangzhou Jinbihua Property Co., Ltd., confirmed bad debts and partially deducted pre-tax deductions on RMB 134 billion lien deposits in 2021, 2022 and 2023. Evergrande Properties has filed a correction as requested and confirms that this correction does not involve a retroactive adjustment of prior financial data and does not affect net assets and profits for the relevant year.

Hang Da Property Group Limited (“Hang Da Properties”) issued a voluntary notice on 26 January 2024 disclosing the risk of underpayment of corporate income tax and late payments of approximately RMB6.5 billion due to the failure to provide sufficient supporting materials, resulting in the risk of underpayment of corporate income tax and payment contributions in 2021 and 2022. The three subsidiaries, Jinbi Properties Limited, Hang Tai Hang Kang Property Limited and Guangzhou Jinbihua Property Co., Ltd., confirmed bad debts and partially deducted pre-tax deductions on RMB 134 billion lien deposits in 2021, 2022 and 2023. Evergrande Properties has filed a correction as requested and confirms that this correction does not involve a retroactive adjustment of prior financial data and does not affect net assets and profits for the relevant year.