Country Garden Holdings Company Limited (“Country Garden”) has released a periodic update on measures aimed at lifting the auditor’s disclaimer of opinion on its FY 2024 and FY 2025 consolidated financial statements. The disclaimer stemmed from scope limitations related to the assessment of the Group’s ability to continue as a going concern.

Since the April 2025 annual report, Country Garden has advanced a two-pronged strategy focused on onshore debt restructuring and operating cash-flow enhancement:

1. Onshore debt restructuring • A comprehensive proposal covering nine onshore corporate bonds (the “Subject Bonds”) was approved by bondholders between September and December 2025. • The plan adjusts principal and interest repayment schedules and offers three alternatives—cash repurchase, stock conversion, and general creditor claim. • In February 2026, the Group activated the cash-repurchase option; by April 2026 it had repurchased domestic bonds with an aggregate principal of approximately RMB3.75 billion for about RMB0.45 billion. • Country Garden will launch the stock and creditor-claim options in 2026 and will disclose additional progress in accordance with regulatory requirements.

2. Operational and liquidity initiatives • From January to May 2026, the Group, together with joint ventures and associates, recorded contracted sales attributable to shareholders of roughly RMB11.80 billion, representing 1.52 million square meters of gross floor area. • Management has pursued government-supported asset revitalisation programs, selective asset disposals, organisational streamlining, and stringent cost controls to reinforce liquidity and operational efficiency.

Country Garden will publish further updates every three months until the auditor’s disclaimer is fully addressed. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.