Shanghai Securities Daily China Securities Network News (reporter, Zhang Liang) On the evening of June 20, China Evergrande released a quarterly information update announcement.
According to the announcement, in order to effectively protect the legitimate rights and interests of home buyers and creditors, China Evergrande strives to maintain the stability of production and operation. The company strives to win the support of many construction companies and building material suppliers, and 677 sold and undelivered projects have effectively resumed work. From January to May this year, China Evergrande delivered about 122,000 houses with a total construction area of about 13.89 million square meters. In the first five months of this year, China Evergrande achieved a contract sales amount of 33.767 billion yuan and a contract sales area of 4.9258 million square meters.
In terms of overseas workouts, China Evergrande has announced its overseas workout plan on March 22 this year. The company and its financial and legal advisors are actively working with the overseas bondholder group and its advisors to implement the overseas workout plan, and are expected to apply to the relevant jurisdiction courts in late July this year for the advancement of the relevant agreement arrangements.
In terms of Hengda Property’s independent investigation, the results of the independent investigation of Hengda Property’s pledge guarantee have been announced on February 15, 2023. China Evergrande is discussing with Hengda Property a plan to repay the amount involved in the pledge. The company will issue a further announcement after the relevant repayment plan is finalized. In terms of new energy vehicle sales, as of May 31 this year, more than 1,000 Hengchi 5 vehicles have been delivered.
In addition, the audit work of China Evergrande for 2021 and 2022 and the review of the 2022 interim results are still in progress, and China Evergrande expects to release the 2021 audited annual results, 2022 interim results and 2022 audited annual results by July 31, 2023.