Core Viewpoint - Country Garden Services has implemented multiple risk control measures in response to its financial arrangements and support for property delivery commitments [1][2]. Financial Arrangements - Country Garden Services announced a loan agreement with two companies, providing a total of 1 billion RMB in revolving loans, aimed at supporting property delivery efforts [2]. - The loan will be funded from internal resources and is secured by shares held by the major shareholder, Yang Huiyan [2][3]. - The loan has a term of 5 years with an annual interest rate of 5%, which is higher than typical bank interest rates, potentially benefiting the company's cash reserves [4]. Shareholder Protection Measures - The two companies involved in the loan hold significant shares in Country Garden Services, with a combined total of approximately 16.26% of the company's shares pledged as collateral for the loan [3]. - In case of default, dividends from the pledged shares can be used to pay interest, and the company has the option to buy back the pledged shares at a price below net asset value [3]. Business Impact - As the construction and delivery of properties under Country Garden accelerate, the management area for Country Garden Services is expected to increase, leading to higher revenue from property management services [4]. - For the fiscal year 2024, Country Garden Services reported total revenue of 43.99 billion RMB, a year-on-year increase of 3.2%, while gross profit decreased by 3.8% [4]. Market Reaction - Following the announcement, Country Garden Services' stock price fell by 5.41%, trading at 6.65 HKD [5].