China Fortune Land Development Co., Ltd: As of the end of November, the accumulated amount of debt restructuring reached 192.669 billion yuan.

Huaxia Happiness announced that as of November 30, 2025, the accumulated amount of financial debt restructuring in the Debt Restructuring Plan is approximately 192.69 billion yuan, with a reduction of interest and waiver of penalties totaling 202.03 billion yuan, and the remaining balance of domestic corporate bonds is 225.56 billion yuan. The equity of the "Happiness Selection" and "Happiness Preferred" two platforms was offset against debt totaling 23.33 billion yuan. The cumulative debt repayment of 249.01 billion yuan was not made as scheduled, with an additional 3.32 billion yuan in November. In November, new litigation and arbitration cases involving 9.72 billion yuan were added, with cases still in progress and the outcome unknown.