Guangzhou R&F Properties Co., Ltd. (R&F Properties) disclosed that it has been officially entered into China’s “List of Dishonest Persons” by the People’s Court of Tianhe District, Guangzhou. The designation stems from an outstanding one-off payment of RMB 0.42 million mandated by the court under case number (2025) Yue 0106 Zhi No. 14898, filed on 27 June 2025 and publicly announced on 1 June 2026.

The enforced obligation originates from enforcement basis (2024) Yue 0106 Min Chu No. 31845, which requires R&F Properties to settle RMB 0.42 million with the applicant. According to the announcement, the company has yet to fulfill the payment, constituting a breach of the financial property reporting system and triggering its classification as a “Dishonest Person.”

Management stated that R&F Properties is “actively communicating with relevant institutions to reach an appropriate solution” and will implement measures aimed at limiting any adverse effects on operations and debt-servicing capabilities. The company affirmed its commitment to ongoing disclosure in accordance with regulatory requirements and advised investors to remain aware of associated risks.

No further financial details or operational impacts were provided in the announcement dated 3 June 2026.