According to the Pingtan Development Notice, in the loan dispute between the company and Evergrande Fuzhou Company, after the first trial and second trial, the defendant Zhongfu Real Estate Company should settle the principal amount of the loan of 347.05 million yuan and overdue interest. Recently, the Guangzhou Intermediate Court issued an “Enforcement Ruling”. Since the Pingtan County Court has decided to accept the bankruptcy and liquidation application of Zhongfu Real Estate Company, the debts in this case will be handled by bankruptcy and liquidation procedures, and the execution of the ruling will be terminated. If the bankruptcy and liquidation application is rejected, the company may apply to resume execution. The impact of this lawsuit on the company's profits is uncertain, and no significant impact is expected.

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