Guangzhou R&F Properties Co., Ltd. (R&F Properties, 02777.HK) has released an overseas regulatory announcement detailing two significant legal proceedings involving the company and its subsidiaries.
First Arbitration • The Dalian branch of a commercial bank is pursuing arbitration against Dalian Hengwan Properties Development Co., Ltd. • An execution notice—(2026) Liao 02 Zhi No. 195—sets the execution amount at RMB1.03 billion. • The case is currently at the stage of selecting a valuation institution.
Second Litigation • China Everbright Bank’s Haikou branch filed a lawsuit in the Intermediate People’s Court of Haikou against Hainan R&F Properties Development Group Co., Ltd. • Principal claims include: – Loan principal and interest totaling RMB994.93 million, plus default and compound interest. – Outstanding agency fees of RMB18.55 million. – Confirmation of mortgage and pledge rights over land use rights, properties, construction-in-progress, parking spaces, and 50 million shares of Hainan Hangxiao Real Estate Development Co., Ltd. – Joint and several liability sought from Guangzhou R&F Properties Co., Ltd. and Hainan R&F Tourism Development Co., Ltd. • The case is in first-instance trial; no judgment has been issued.
Company Position R&F Properties states that it and its subsidiaries are actively engaging with relevant authorities to seek appropriate resolutions. The company will continue to monitor developments and discharge its disclosure obligations in accordance with applicable regulations.