On May 9, country Garden Real Estate Group Co., Ltd. issued an announcement on the interest payment arrangements during the "23 country Garden MTN002" grace period. The second issue of country Garden 2023 interim Notes 23 country Garden MTN002 issues an amount of RMB900 million. The starting date is May 9, 2023. The issue period is 2 years. The interest rate of the debt in this interest-bearing period is 3.Fishingbaitnearme.95%, the interest payment date is May 9, 2024, and the amount of interest payable for the current period is 35.55 million yuan.

Due to the continuous fluctuations in the industry, the company is facing an increasingly complex and severe business environment. Up to now, the company is making every effort to raise funds, due to reasons such as the sales recovery situation is not up to expectations, and it is difficult to allocate funds. The above reimbursement funds can not be paid on time on May 9, 2024, the interest payment date. However, through the efforts of the company and all parties, actively raise funds, invigorate the mortgage assets, and try their best to fully repay the interest payable on the current medium-term notes and the interest during the grace period within 3 working days of the grace period (no later than May 13).

The announcement points out that, according to the agreement, there will be a default if the principal or interest of the debt financing instrument is not paid in full on time.FishingbaitnearmeAfter a grace period of 5 working days, if the issuer has repaid the debt mentioned in this Article in full within that period, it shall not constitute a default of the issuer under the debt financing instrument of the current period. Interest shall be calculated and paid by 30BP according to the coupon rate during the grace period. If the issuer fails to repay the current interest payable to the holder in full in accordance with the requirements of the current note prospectus on the interest payment date, and the repayment is not completed within the grace period, under the private enterprise bond financing support tool, China debt Credit Promotion Investment Co., Ltd. will perform the credit enhancement responsibility in accordance with the relevant provisions of the Credit Enhancement letter of Private Enterprise Bond financing support tools.