China Fortune Land Development's current director voiced his disapproval of the pre-reorganization announcement procedure and related expressions. Informed sources: This matter was not reported to the Creditors' Committee or approved by the Board of Directors.

Regarding the announcement of pre-restructuring by Huaxia Happiness, the current director Wang Wei spoke out late at night on November 19, stating that she was completely unaware of the announcement by Huaxia Happiness, as the company did not inform her in any way before the announcement and did not provide her with relevant documents. In this regard, an informed source revealed that according to the company's articles of association, the "unobjectionable" statement in the announcement of "pre-restructuring" is a significant matter for the company, but this matter was not submitted for approval by the bond committee or the board of directors. The source mentioned above stated that although "pre-restructuring" is not a formal legal procedure, it can be used as a temporary solution to connect with "restructuring". Many creditors believe that there may be flaws in the announcement procedure and question whether there is suspicion of "behind-the-scenes operation". Wang Wei clearly stated that she does not agree with the procedure and statements in the announcement and has lodged a complaint with the regulatory authorities.