Country Garden Holdings Company Limited (Stock Code: 2007) announced that the Shanghai Stock Exchange (SSE) issued a “Decision on Disciplinary Action” against the company and certain responsible individuals for failing to disclose overdue debts on time during August to December 2023, January to June 2024, and July to December 2024.

The decision imposes self-regulatory measures on the company’s chairman, co-chairman, and chief financial officer, among others. These measures include a circulated criticism recorded in the SSE’s integrity file database. After reviewing the details, the board noted that the delay resulted from failure to disclose overdue debts promptly, rather than any lack of diligence by the individuals concerned, and confirmed they see no reason to question these individuals’ integrity or ability.

According to the announcement, the company and those named in the disciplinary action plan to strengthen compliance with all disclosure requirements and protect the legitimate rights of bondholders.