Opinion Real Estate Network News:On November 26, Goldin Financial Chairman Pan Sutong issued a clarifying statement on China CITIC Bank's petition.

Opinion Real Estate New Media learned that with regard to the bankruptcy petition filed by China CITIC Bank on November 25, Pan Sutong clarified that the case involved a domestic property asset dispute and was not directly related to its Hong Kong business. The debt associated with the petition has sufficient collateral, and the market value of the collateral is much higher than the debt in question.

Pan Sutong said that he had applied for suspension of execution and appeal of the relevant court decision through his team of lawyers earlier. This case has also been scheduled for trial, and I have also clearly requested China CITIC Bank not to file a bankruptcy petition against me until the trial results of the relevant application.

He said that he will use the legal team to file a complaint with the court about China CITIC Bank's unreasonable actions, firmly protect his legitimate rights and interests, and defend the petition and return his innocence.

Opinion Real Estate New Media learned that Pan Sutong was filed for bankruptcy by China CITIC Bank on November 25. According to the judicial authority's website, the bankruptcy petition hearing is scheduled to take place on the morning of January 26, 2022. The petitioners were China CITIC Bank Tianjin Branch, China CITIC Bank International (China) Beijing Branch, and China CITIC Bank (International).