Bloomage Real Estate (01777.HK) announced that in 2024, nine projects developed nationwide, including Chengdu Jiangshan City, Peking Xishan Xiangfu, Chongqing Hawking's Good Times, and Wuhan Xiangmen Di, will collectively deliver 4,730 units, achieving a delivery rate of 94% for the year, with about 1,036 units pending delivery next year.

The group stated that relevant delivery plans have been formulated for the undelivered batches, and funding is in place to ensure the overall control of the delivery process. It also indicated that over the past year, the group has actively optimized its ​Bonds structure, secured Crediting, ​Bonds, and equity financing support to promote project progress, and several projects have entered the whitelist.

Regarding supplier debt, Bloomage actively engages with various city companies to reach debt resolution plans with suppliers, prioritizing the protection of migrant workers' wages and project deliveries. The approach is to exchange increment for stock while seeking opportunities for business collaboration to resolve debt. As for the overdue transition settlement fees related to urban renewal projects, the group's business team has actively reached out to visiting owners for reassurance, disclosing difficulties at each project's respective stages and cooperating fully with municipal task forces and district主管 departments to jointly study revitalization plans for each project, striving to connect with central and state-owned enterprises and various capitals to ensure project risk is controllable.