Announcement on the Company's New Debt Defaults

ST Changfang Co., Ltd.·August 21, 2026·2 pages

✨ AI Summary

Shenzhen Changfang Group Co., Ltd. announces new debt defaults due to tight cash flow, totaling RMB 34,250 million, representing 374.6% of its 2025 audited net assets. The company faces potential litigation and is negotiating with creditors for extensions and repayment plans, while also pursuing an out-of-court restructuring.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 300301

Securities Abbreviation: ST Changfang

Announcement Number: 2026-059

Shenzhen Changfang Group Co., Ltd.

Announcement on the Company's New Debt Defaults

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

I. Details of Current Debt Defaults

Shenzhen Changfang Group Co., Ltd. (hereinafter referred to as "Changfang Group" or "the Company") has recently incurred new debt defaults due to tight working capital. The details are as follows:

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.