Xuhui Holding Group plans to seek an additional 9 natural months of grace for its two domestic bonds with a principal balance of 3,675 billion yuan. Xuhui Group said that the company's recent capital raising was also unable to be implemented as expected due to an unexpected situation. In view of the overall situation in the real estate industry and the company's current business situation, in order to steadily advance the risk mitigation of the current bond, bondholders are urged to agree to grant the company a grace period of time. During the grace period, the company will use the time window to raise capital, and at the same time further consider and seek comprehensive solutions based on policies, market conditions, own operations and cash flow conditions, and strive to resolve bond risks as soon as possible.

Xuhui Holding Group plans to seek an additional 9 natural months of grace for its two domestic bonds with a principal balance of 3,675 billion yuan. Xuhui Group said that the company's recent capital raising was also unable to be implemented as expected due to an unexpected situation. In view of the overall situation in the real estate industry and the company's current business situation, in order to steadily advance the risk mitigation of the current bond, bondholders are urged to agree to grant the company a grace period of time. During the grace period, the company will use the time window to raise capital, and at the same time further consider and seek comprehensive solutions based on policies, market conditions, own operations and cash flow conditions, and strive to resolve bond risks as soon as possible.