Country Garden: It is expected that the net profit for the year 2025 will be approximately 1 billion to 2.2 billion yuan.

Country Garden announcement, it is expected that the net profit for the year 2025 will be approximately 1 to 2.2 billion RMB, compared to a net loss of approximately 35.145 billion RMB in the same period last year. Based on the currently available information, the main reason for the turnaround from a loss to a profit this year is due to the non-cash income recorded by the Group from the completion of debt restructuring. Excluding the impact of the aforementioned debt restructuring income, the Group recorded a loss mainly due to industry factors, pressure on the gross profit margin of the Group's development business, and further impairment provisions on certain assets and property projects.