China Aoyuan Group Limited has published its 2023 annual report covering the fiscal year ended December 31, 2023. The report, audited and approved for release, provides a detailed review of the company's financial performance in health-themed real estate development. Faced with significant challenges in the real estate market, the decline in corporate property sales affected cash inflows. ON MARCH 20, 2024, THE COMPANY COMPLETED A MAJOR DEBT RESTRUCTURING, DISCHARGED CERTAIN DEBT OBLIGATIONS AND OFFERED NEW NOTES AND SHARES TO CREDITORS AS COMPENSATION. The Company continues to negotiate loan renewals and showtimes with domestic lenders and explores asset sales to increase liquidity and meet financial obligations. The company prioritizes project delivery and implements strict cost controls to ensure stable operations. The company is committed...Show More

China Aoyuan Group Limited has published its 2023 annual report covering the fiscal year ended December 31, 2023. The report, audited and approved for release, provides a detailed review of the company's financial performance in health-themed real estate development. Faced with significant challenges in the real estate market, the decline in corporate property sales affected cash inflows. ON MARCH 20, 2024, THE COMPANY COMPLETED A MAJOR DEBT RESTRUCTURING, DISCHARGED CERTAIN DEBT OBLIGATIONS AND OFFERED NEW NOTES AND SHARES TO CREDITORS AS COMPENSATION. The Company continues to negotiate loan renewals and showtimes with domestic lenders and explores asset sales to increase liquidity and meet financial obligations. The company prioritizes project delivery and implements strict cost controls to ensure stable operations. The company is committed to green building practices and integrating environmental considerations into development projects. THE REPORT ALSO INCLUDES AN ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PERFORMANCE SECTION HIGHLIGHTING THE COMPANY'S EFFORTS IN SUSTAINABILITY AND COMMUNITY ENGAGEMENT. The financial statements show the company's net loss and operating cash outflow for the year. The report makes it clear that the company does not plan to declare a dividend for fiscal year 2023.