Longhu's special resolution has been passed, with 20 billion yuan to be repaid three months in advance.

On August 13, Chongqing Longhu Enterprise Development Co., Ltd.'s proposal to early redeem the "2022 Second Tranche Medium-term Notes" was unanimously approved by the attending holders or their proxies. According to the resolution, Longhu will early redeem "22 Longhu Development MTN002" on August 28, 2025, approximately three months ahead of schedule to repay the principal and interest in one lump sum. "22 Longhu Development MTN002" is the first bond issued under the "Second Arrow" policy framework, which previously set a new low interest rate for privately-owned real estate enterprises' credit enhanced bonds. It was issued with a total amount of 2 billion RMB, a face interest rate of 3%, and a term of 3 years, with an original maturity date of November 30, 2025.