Group 1 - Guangzhou R&F Properties Co., Ltd. announced a payment arrangement for bondholders regarding "H16 R&F 4", "H16 R&F 5", "H18 R&F 8", "H18 R&F 1", and "H19 R&F 2" bonds, which are due for the first installment payment by July 31, 2025 [1] - The company will pay 3‰ of the principal amount and accrued interest up to the day before actual payment, with a 30-working-day grace period for principal and/or interest payments [1] - The grace period will not incur penalty interest, and the company aims to alleviate short-term payment pressure due to liquidity constraints [1] Group 2 - In May 2025, R&F Properties achieved sales revenue of approximately 1.37 billion yuan, with a total sales area of about 129,600 square meters [2] - Cumulatively, as of the end of May 2025, the company reported total sales revenue of around 5.5 billion yuan and a total sales area of approximately 513,300 square meters [2] - The company is actively controlling administrative costs and unnecessary capital expenditures to maintain liquidity, while seeking opportunities to sell stakes in project development companies for additional cash flow [2]