CIFI Hold GP announced its unaudited interim financial results for the six months ended June 30, 2024, showing a decrease in both revenue and gross profit compared to the same period last year, with reductions of 35.5% and 45.4% respectively. The total loss for the period was RMB 4,440,400,000, and the shareholders' equity accounted for the net loss was RMB 4,939,400,000. The company is facing pressure on its funding chain and debt maturity, and has taken a series of measures to improve its financial situation, including restructuring financing arrangements, negotiating with financial institutions to renew and extend existing domestic bank loans, accelerating property sales and collections, etc. The board of directors believes that, based on the above plans and measures, the Group will have sufficient operating funds to fulfill its financial obligations for at least the next twelve months. However, there is significant uncertainty among management as to whether these plans and measures can be achieved.

CIFI Hold GP announced its unaudited interim financial results for the six months ended June 30, 2024, showing a decrease in both revenue and gross profit compared to the same period last year, with reductions of 35.5% and 45.4% respectively. The total loss for the period was RMB 4,440,400,000, and the shareholders' equity accounted for the net loss was RMB 4,939,400,000. The company is facing pressure on its funding chain and debt maturity, and has taken a series of measures to improve its financial situation, including restructuring financing arrangements, negotiating with financial institutions to renew and extend existing domestic bank loans, accelerating property sales and collections, etc. The board of directors believes that, based on the above plans and measures, the Group will have sufficient operating funds to fulfill its financial obligations for at least the next twelve months. However, there is significant uncertainty among management as to whether these plans and measures can be achieved.