Poly Real Estate (Stock Code: 1238) announced that, in response to the overall solution and restructuring support agreement previously announced by the company, a preliminary agreement was reached on the revised agreement with a special group on September 30, 2024. This revision will affect approximately 32.93% of the outstanding debt holders. At the same time, the company further delayed sending the circular until December 31, 2024, or earlier, and withdrew the final dividend originally scheduled to be paid on October 21, 2024. This is to preserve the group's cash resources in the current complex and severe economic situation and deep adjustment period in the Chinese real estate industry, to ensure that property development projects can be delivered on time and used for continuous development. The Board considers that withdrawing the final dividend is in the overall interests of the company and the shareholders.

Poly Real Estate (Stock Code: 1238) announced that, in response to the overall solution and restructuring support agreement previously announced by the company, a preliminary agreement was reached on the revised agreement with a special group on September 30, 2024. This revision will affect approximately 32.93% of the outstanding debt holders. At the same time, the company further delayed sending the circular until December 31, 2024, or earlier, and withdrew the final dividend originally scheduled to be paid on October 21, 2024. This is to preserve the group's cash resources in the current complex and severe economic situation and deep adjustment period in the Chinese real estate industry, to ensure that property development projects can be delivered on time and used for continuous development. The Board considers that withdrawing the final dividend is in the overall interests of the company and the shareholders.