Cifi Hold Gp plans to seek an additional 9 months of grace period for the two domestic bonds with a total principal balance of 3.675 billion yuan. Cifi Group stated that the recent fundraising has also been unable to be implemented as expected due to unexpected circumstances. Considering the overall situation of the real estate industry and the current operation of the company, in order to prudently advance the risk mitigation work of this period's bonds, the company kindly asks bond holders to agree to grant the company a certain period of grace. During the grace period, the company will make efforts to raise funds within the time frame, while taking into account policies, market conditions, its own operations, and cash flow status, further considering and seeking comprehensive solutions in order to resolve the bond risk at an early date. (The Paper)