The debt restructuring of Country Garden has basically been successfully completed, with a debt reduction of over 90 billion yuan.

Within two days, the debt restructuring inside and outside of Country Garden has basically been completed, achieving an overall debt reduction of over 90 billion yuan. It is understood that the company's executive director and chairman, Yang Huiyan, proposed a "second entrepreneurship" at an internal meeting in November, aiming to systematically promote the company's return to normal operations. Analysts believe that Country Garden's operations will truly enter a new stage, enhancing the confidence of homebuyers, upstream and downstream suppliers, and financial institutions in Country Garden, which will assist in a rapid return to normal operations. Country Garden disclosed that it is expected that with the successful restructuring of domestic and foreign debts, the overall debt reduction of Country Garden is estimated to exceed 90 billion yuan, greatly easing the pressure of repayment within 5 years; at the same time, it is expected that over 70 billion yuan in restructuring gains will be realized after the completion of the restructuring.