Evergrande Group received a court order from the Nansha District People's Court in Guangzhou on November 14, 2024, due to failure to fulfill related payment obligations. The court took restrictive measures against the company and executive director Mr. Xu Jiayin, limiting non-essential consumer behaviors in high-consumption areas for him. Trading of company shares has been suspended since January 29, 2024, and will continue to be halted until further notice. Investors should proceed with caution when trading company securities. Liquidators state that besides the details specified in the court order, there is no other information regarding the order and matters considered by the court. Shareholders, investors, and potential investors should submit relevant information through the company's website or email. Creditors and other stakeholders with inquiries should contact the liquidators.

Evergrande Group received a court order from the Nansha District People's Court in Guangzhou on November 14, 2024, due to failure to fulfill related payment obligations. The court took restrictive measures against the company and executive director Mr. Xu Jiayin, limiting non-essential consumer behaviors in high-consumption areas for him. Trading of company shares has been suspended since January 29, 2024, and will continue to be halted until further notice. Investors should proceed with caution when trading company securities. Liquidators state that besides the details specified in the court order, there is no other information regarding the order and matters considered by the court. Shareholders, investors, and potential investors should submit relevant information through the company's website or email. Creditors and other stakeholders with inquiries should contact the liquidators.