Yuandong Credit issued an announcement stating that as a real estate development business platform under the Zhuhai Huafa Group, Huafa's monetary capital's ability to cover short-term debt continues to weaken and its ability to achieve operations is declining. Short-term debt repayment is more dependent on debt rollover and Huafa Group's support. However, Huafa Group's refinancing environment has recently been impacted by negative public opinion, and the debt burden is heavy, and the ability to support Huafa shares needs to be further observed. It was decided to maintain the credit rating of Huafa Co., Ltd. entities and related debts as AAA, and also included in the rating watch list.

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