Group 1 - The core project of the company, the Baishizhou Urban Renewal Project, has completed its main construction and received necessary government approvals, marking a significant milestone for future sales and operations [1] - The completion of the Baishizhou project is expected to enhance the company's property portfolio in the Greater Bay Area and South China market, positively impacting future business development and financial performance [1] - The project’s completion will also facilitate ongoing discussions regarding the company's overall debt restructuring with stakeholders, increasing the likelihood of successful negotiations [1] Group 2 - The company is actively addressing liquidity challenges by selling investment properties, including the NEO Building in Hong Kong, as part of its financial relief strategy [2] - The NEO Building has been mortgaged under a loan agreement, and the company is in discussions with lenders to establish a suitable framework for managing and potentially liquidating the property [2] - The appointment of professional managers for the property is seen as a crucial step in reducing debt and improving the capital structure, which is expected to expedite the offshore debt restructuring process [2][3] Group 3 - The board believes that the appointment of professional managers will not adversely affect the company’s financial position and will optimize property operations while maximizing asset value [3] - This appointment is anticipated to enhance communication with creditors and stakeholders regarding the ongoing offshore restructuring efforts [3]

Group 1 - The company has completed the main construction of the key urban renewal project in Shenzhen, specifically the first phase of the Baishizhou Urban Renewal Project, and has obtained necessary government approvals [1] - The completion of the project marks an important milestone, laying a solid foundation for subsequent steps including sales, delivery, and operations [1] - The company believes that the launch of the Baishizhou Urban Renewal Project will enhance its property portfolio in the Greater Bay Area and South China market, positively impacting future business development and financial performance [1] Group 2 - The company is actively addressing liquidity challenges, including the sale of investment properties, with a focus on the NEO building in Hong Kong [2] - The property has been mortgaged under a loan agreement, and the company is in discussions with lenders to establish a suitable framework for managing and potentially liquidating the property [2] - The appointment of professional managers for the property is seen as a crucial step in reducing debt and improving the capital structure, which is expected to expedite the overseas debt restructuring process [2][3] Group 3 - The board believes that the appointment of professional managers will not adversely affect the company’s financial position and will help optimize property operations and maximize asset value [3] - The board emphasizes that this appointment is not expected to interfere with ongoing communications regarding overseas restructuring with creditors and other stakeholders [3]