Securities Code: 000838
Securities Abbreviation: *ST Development
Announcement Number: 2026-042
Chongqing Real Estate Development Group Co., Ltd.
Announcement on Abnormal Fluctuations in Stock Trading
The Company, its Board of Directors, and all its members guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, without any false records, misleading statements, or material omissions.
Important Content and Special Risk Warning:
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The stock of Chongqing 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 its closing price deviation from the market for three consecutive trading days on July 8, 9, and 10, 2026, exceeding 20%. In accordance with the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations.
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On July 6, 2026, the Chongqing Fifth Intermediate People's Court (hereinafter referred to as "Chongqing Fifth Court") filed a pre-restructuring registration for the Company. The Company disclosed the "Announcement on the Court's Filing of Pre-Restructuring Registration for the Company" (Announcement Number: 2026-038) on July 7, 2026. On July 9, 2026, the Company disclosed the "Announcement on the Company's Pre-Restructuring Creditor Claims Declaration" (Announcement Number: 2026-040) and the "Announcement on Public Recruitment of Restructuring Investors" (Announcement Number: 2026-041).
Whether the Company can subsequently enter the restructuring procedure remains uncertain. If the court rules to accept the Company's restructuring application, the Company will cooperate with the court and the administrator in carrying out the relevant restructuring work in accordance with the law and fulfill its legal obligations as a debtor.
- On April 24, 2026, the Company disclosed its "2025 Annual Report." According to the audited figures, the net assets attributable to the parent company at the end of 2025 were -200,131,538.18 yuan. After deducting non-recurring gains and losses, the net profit attributable to ordinary shareholders of the Company was -634,656,189.56 yuan. After deducting this, the operating revenue was 282,155,640.42 yuan. This triggers the provisions of Article 9.3.1, items (1) and (2) of the "Shenzhen Stock Exchange Stock Listing Rules," and the Company has been subjected to a delisting risk warning.
The Company's net profit before and after deducting non-recurring gains and losses for the most recent three fiscal years has been negative. Furthermore, the audit report for the Company's 2025 financial statements issued by Tianjian Certified Public Accountants (Special General Partnership) included a paragraph on the material uncertainty related to going concern without reservation. This triggers Article 9.8.1, item (7) of the "Shenzhen Stock Exchange Stock Listing Rules," and the Company has been subjected to other risk warnings.
According to the "Shenzhen Stock Exchange Stock Listing Rules," if the court rules to accept a creditor's restructuring application against the Company, the Company's stock will be subject to an additional delisting risk warning. Investors are advised to pay attention to investment risks.