Zhongxin Finance, March 22. On the morning of the 22nd, China Evergrande, Evergrande Automobile, and Evergrande Property announced that Evergrande Property found that Evergrande found that Evergrande was in the process of reviewing the financial report for the year ended December 31, 2021. The property has deposits of approximately RMB 13.4 billion, and the pledged deposits provided for third parties have been enforced by relevant banks.

  The announcement stated that Evergrande Property will establish an independent investigation committee and arrange to appoint experts to investigate the pledge guarantee.

  The shares of China Evergrande, Evergrande Auto and Evergrande Property have been temporarily suspended from trading on The Stock Exchange of Hong Kong Limited from 9:00 a.m. on March 21, 2022, and the companies will continue to suspend trading until further notice.

  Due to the significant changes in the operation of China Evergrande since the second half of last year, the auditors added a large number of additional audit procedures this year, coupled with the related impact of the new crown epidemic, China Evergrande, Evergrande Auto, and Evergrande Property Management The company was unable to complete the audit process on time.

The audited results for the year ended December 31, 2021 are not expected to be published on or before March 31, 2022 as the audit work has not yet been completed.

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