"Domestic Property" Country Garden's Yang Huiyan and others publicly condemned by Shanghai Stock Exchange and Shenzhen Stock Exchange

COUNTRY GARDEN (02007.HK) announced that Executive Director and Chairman Yang Huiyan, Executive Director and President Mo Bin, and Executive Director and Chief Financial Officer Wu Bi Jun recently received a notice from the Shanghai Stock Exchange. Due to the company's failure to disclose the 2024 interim report on time in accordance with the relevant bond listing rules of the Shanghai Stock Exchange, the exchange publicly reprimanded the company, Yang Huiyan, Mo Bin, Wu Bi Jun, and other named individuals, and recorded this in their integrity files.

In addition, the company's subsidiary COUNTRY GARDEN REAL ESTATE and Yang Huiyan also recently received notices from the Shanghai Stock Exchange and Shenzhen Stock Exchange. Due to COUNTRY GARDEN REAL ESTATE's failure to submit and disclose the 2024 interim report on time in accordance with the relevant bond listing rules of the Shanghai and Shenzhen Stock Exchanges, both exchanges publicly reprimanded COUNTRY GARDEN REAL ESTATE, its Chairman Yang Huiyan, and other named individuals, and recorded this in their integrity files.

The group believes that the relevant violations were due to the company's inability to timely release the 2024 interim results for objective reasons, rather than due to the negligence of the relevant individuals. Therefore, the board of directors (excluding Yang Huiyan, Mo Bin, and Wu Bi Jun) believes there is no reason to doubt the integrity and capability of Yang Huiyan, Mo Bin, and Wu Bi Jun, and they continue to serve as executive directors appropriately. The group and COUNTRY GARDEN REAL ESTATE published the 2024 interim report on February 24. The group attaches great importance to the above matters and will take this as a warning to strictly adhere to bond information disclosure requirements and fulfill information disclosure obligations in accordance with the law