China Finance Online Co Ltd, Sept. 28 / PRNewswire-Asianet /-- Sunac China issued a statement today saying that he had never submitted a "request for help" report to the government, and that the project leader wanted to seek support for the web visa issue of the project being sold in Shaoxing, initially sorting out the relevant text, which led to the leakage of information. In this regard, Sunac China said, "there has never been, nor has there been any demand or willingness to submit a similar report to the government."

The full text of the statement is as follows:

With regard to the relevant content of Rongchuang Shaoxing Company, which has been circulated on the Internet recently, our specific statement is as follows:

First, the cause of the whole incident was that the person in charge of Shaoxing Company learned that on the morning of September 24, the relevant leaders of Shaoxing City would supervise and inspect the safety production work of the yellow rice wine project in the small town of yellow rice wine, and would like to take the opportunity to seek support for solving the online visa problem of the company's sold houses in Shaoxing project. Preliminary collation of the relevant text, as an oral report to the government However, at 9: 00 a.m. on September 24, due to operational errors, it was sent to a local real estate exchange group in Shaoxing, resulting in the leakage of information.

We have never had, nor have any need or willingness to submit a similar report to the government. I would like to apologize for the misleading to the public caused by this incident!

Second, the relevant leaders of Shaoxing listened carefully to the relevant reports on the progress of the project construction and safety construction measures during the supervision and inspection of the yellow rice wine town on September 24.

Third, since Rongchuang entered Shaoxing in September 2016, it has successively developed eight boutique projects, with cumulative sales of 28.2 billion, and sales have reached 8.8 billion by September 26, 2021, winning a very good reputation among customers in Shaoxing market. Based on Shaoxing's superior business environment and healthy and stable market, our company invested in a large-scale comprehensive cultural tourism project yellow rice wine town at the end of 2020. We are firmly optimistic about the urban development of Shaoxing and will continue to plough and increase investment in Shaoxing in the future.

Fourth, Rongchuang Group's nationwide project construction operation is normal and sales are good. From January to August, the contract sales reached 415.1 billion yuan, an increase of 33% over the same period last year. The overall operation of the group is healthy.

Sunac China Holdings Co., Ltd. September 28, 2021