Securities Code: 000838
Securities Abbreviation: *ST Development
Announcement Number: 2026-033
CAIXIN REAL ESTATE DEVELOPMENT GROUP CO., LTD.
Announcement on Abnormal Fluctuations in Stock Trading
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Special Reminder:
The stock of CAIXIN REAL ESTATE DEVELOPMENT GROUP CO., LTD. (hereinafter referred to as the "Company" or "this Company") (Securities Abbreviation: *ST Development; Securities Code: 000838) experienced a cumulative increase in closing price deviation exceeding 12% for three consecutive trading days on June 24, 25, and 26, 2026. In accordance with the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations.
On April 24, 2026, the Company disclosed its "2025 Annual Report." After audit, the net assets attributable to the parent company at the end of 2025 were -200,131,538.18 yuan, and the net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was -634,656,189.56 yuan, with operating income after deduction of 282,155,640.42 yuan. This triggered the provisions of Article 9.3.1, items (1) and (2) of the "Shenzhen Stock Exchange Stock Listing Rules," and the Company was subject to a delisting risk warning.
The Company's net profit before and after deducting non-recurring gains and losses for the last three fiscal years has been negative. Furthermore, Tianjian Certified Public Accountants (Special General Partnership) issued an audit report for the Company's 2025 financial statements with a paragraph on significant uncertainty regarding going concern. This triggered Article 9.8.1, item (7) of the "Shenzhen Stock Exchange Stock Listing Rules," and the Company was subject to other risk warnings.
The Company is simultaneously subject to a delisting risk warning and other risk warnings for its stock trading. Investors are kindly requested to pay attention to investment risks.