Longfor Group: The main task for the second half of the year is still inventory reduction. This year is the last year to pass through the debt cycle.

On June 18th, Longhu Group held its annual shareholders meeting. In terms of the market, at the shareholders meeting, the management mentioned that the company's main task for the second half of the year is still to "tackle inventory clearance." On the other hand, they will also keenly seize market opportunities, accelerate marketing decisions, achieve efficient and rapid inventory clearance, as well as quality signing and collection. In terms of debt, Longhu management detailed the debt arrangement for the second half of the year at the shareholders meeting, and stated, "2025 will be Longhu's last year to cross the cycle in terms of debt."