Announcement on Progress of Subsidiary Receiving Enforcement Notice and Debt Default

ST Development Co., Ltd.·July 29, 2026·3 pages

✨ AI Summary

This announcement details that a subsidiary, Zhenjiang Xincheng Real Estate Development Co., Ltd., has received an enforcement notice from CITIC Financial Asset Management regarding a debt of RMB 205,243,866.53. The company is monitoring the situation and will handle accounting treatment based on the final outcome, advising investors to be aware of investment risks.

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Full Translation

AI Translation· gemini_document

Securities Code: 000838

Securities Abbreviation: *ST Development

Announcement No.: 2026-044

Xinyuan Real Estate Development Group Co., Ltd.

Announcement on Progress of Subsidiary Receiving Enforcement Notice and Debt Default

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Key Information Prompt:

Status of the Company's controlled subsidiary:

Beijing Guoxing Nan Hua Real Estate Development Co., Ltd. (Company holds 100% equity): Judgment Debtor

Zhenjiang Xincheng Real Estate Development Co., Ltd. (Company holds 75% equity): Judgment Debtor

Enforcement Subject Matter: RMB 205,243,866.53
Impact on the Company's profit: The Company will process this according to the final enforcement situation, and the specific impact will be subject to the Company's annual audit report.

I. Basic Situation of This Enforcement Matter

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