China Aoyuan Group Co., Ltd. ("China Aoyuan") released a profit forecast on August 14, 2024, which is expected to record a net profit of approximately RMB 21-23 billion ($3.26-3.57 billion) for the six months ended June 30, 2024, compared with a net loss of RMB 2.9 billion for the same period in 2023, indicating a significant improvement. This profit is mainly due to the restructuring gains recorded by the company through overseas debt restructuring. However, excluding the restructuring gains, the company still expects to incur a loss due to the continued downturn in the industry operating environment, which has led to a decrease in delivery volume, a decrease in sales property income, and an increase in financing costs. China Aoyuan stated that these data have not been reviewed or audited by auditors and predicted that the mid-term performance will be announced in late August 2024. The company reminds shareholders and potential investors to remain cautious when trading.

China Aoyuan Group Co., Ltd. ("China Aoyuan") released a profit forecast on August 14, 2024, which is expected to record a net profit of approximately RMB 21-23 billion ($3.26-3.57 billion) for the six months ended June 30, 2024, compared with a net loss of RMB 2.9 billion for the same period in 2023, indicating a significant improvement. This profit is mainly due to the restructuring gains recorded by the company through overseas debt restructuring. However, excluding the restructuring gains, the company still expects to incur a loss due to the continued downturn in the industry operating environment, which has led to a decrease in delivery volume, a decrease in sales property income, and an increase in financing costs. China Aoyuan stated that these data have not been reviewed or audited by auditors and predicted that the mid-term performance will be announced in late August 2024. The company reminds shareholders and potential investors to remain cautious when trading.