R&F Real Estate disclosed the progress of the “20 R&F Real Estate PPN001” disposal work: The company is currently making every effort to carry out daily operations and management and continue to resolve the risks and difficulties faced by the company through market-based means. During this period, the company will continue to maintain communication with current targeted debt financing instrument holders, respond positively to holders' relevant demands, and actively strive to raise debt repayment funds to protect holders' rights and interests through various channels, and strive to reach a disposal plan approved by the holders as soon as possible. The company will continue to monitor the progress of related events, take positive countermeasures, strive to reduce adverse effects on the company's production, operation and solvency, and promptly fulfill corresponding information disclosure obligations in accordance with laws and regulations.

R&F Real Estate disclosed the progress of the “20 R&F Real Estate PPN001” disposal work: The company is currently making every effort to carry out daily operations and management and continue to resolve the risks and difficulties faced by the company through market-based means. During this period, the company will continue to maintain communication with current targeted debt financing instrument holders, respond positively to holders' relevant demands, and actively strive to raise debt repayment funds to protect holders' rights and interests through various channels, and strive to reach a disposal plan approved by the holders as soon as possible. The company will continue to monitor the progress of related events, take positive countermeasures, strive to reduce adverse effects on the company's production, operation and solvency, and promptly fulfill corresponding information disclosure obligations in accordance with laws and regulations.