Chinasouthcity recorded a net loss of 4.311 billion Hong Kong dollars for the six months ended June 30, 2024, with total interest-bearing liabilities of 16.891 billion Hong Kong dollars, and cash and cash equivalents of 37 million Hong Kong dollars. During the period, the company failed to repay part of the principal and interest on the promissory notes, triggering a default. The board of directors has taken multiple measures to improve liquidity and financial position, including restructuring debt with financial advisors, negotiating with lenders, selling assets, expediting property sales and recovering receivables, and tightening cost controls. The board of directors believes that preparing financial statements on a going concern basis is appropriate but significant uncertainties remain. No interim dividend was declared in this period.

Chinasouthcity recorded a net loss of 4.311 billion Hong Kong dollars for the six months ended June 30, 2024, with total interest-bearing liabilities of 16.891 billion Hong Kong dollars, and cash and cash equivalents of 37 million Hong Kong dollars. During the period, the company failed to repay part of the principal and interest on the promissory notes, triggering a default. The board of directors has taken multiple measures to improve liquidity and financial position, including restructuring debt with financial advisors, negotiating with lenders, selling assets, expediting property sales and recovering receivables, and tightening cost controls. The board of directors believes that preparing financial statements on a going concern basis is appropriate but significant uncertainties remain. No interim dividend was declared in this period.