R&F Properties announced its interim performance on June 30, 2024. Facing global economic slowdown and challenges in the China real estate market, the unaudited condensed consolidated results of the company and its subsidiaries show a 15% decrease in revenue compared to the same period last year, to RMB 10.484 billion, with the gross margin also dropping from 17.2% to 10.9% from last year. During the period, the company recorded a net loss of approximately RMB 2.331 billion, but it has improved compared to the net loss of approximately RMB 4.978 billion in the same period last year. In addition, the company successfully sold the One Nine Elms project in London, United Kingdom, avoiding default on construction loans and canceling approximately USD 1.17 billion of outstanding USD-denominated notes, achieving multiple benefits. The company will continue to communicate with banks and creditors to seek a path to recovery. The board of directors approved the interim performance announcement on August 28, 2024.

R&F Properties announced its interim performance on June 30, 2024. Facing global economic slowdown and challenges in the China real estate market, the unaudited condensed consolidated results of the company and its subsidiaries show a 15% decrease in revenue compared to the same period last year, to RMB 10.484 billion, with the gross margin also dropping from 17.2% to 10.9% from last year. During the period, the company recorded a net loss of approximately RMB 2.331 billion, but it has improved compared to the net loss of approximately RMB 4.978 billion in the same period last year. In addition, the company successfully sold the One Nine Elms project in London, United Kingdom, avoiding default on construction loans and canceling approximately USD 1.17 billion of outstanding USD-denominated notes, achieving multiple benefits. The company will continue to communicate with banks and creditors to seek a path to recovery. The board of directors approved the interim performance announcement on August 28, 2024.