Group 1 - The company’s subsidiary, Jiangsu Youyi Hesheng Real Estate Development Co., Ltd., completed the land value-added tax settlement for the Suzhou Haishang Yipin project in 2023 [2] - Jiangsu Hesheng was required to pay a total of 162,180,245.25 yuan in land value-added tax by October 4, 2023, but was unable to raise the full amount and plans to pay in installments [2] - As of June 30, 2025, Jiangsu Hesheng has settled the principal amount of the land value-added tax, with remaining late fees to be paid according to tax authority requirements [3] Group 2 - The payment of the land value-added tax does not constitute a prior accounting error and will not require retrospective adjustments to previous financial data, as the company had already accrued this tax in prior years [4] - The principal payment of the land value-added tax will not impact the current year’s profit and loss, while late fees will be calculated at a rate of 0.05% per day on the actual unpaid amount [4]