Guangzhou R&F Properties Co., Ltd. has announced issues regarding its targeted debt financing instrument, specifically the first phase issued in 2020 under the bond code 032000374. The company disclosed a failure to pay the principal and interest on time for this debt instrument, which had a total issuance amount of RMB1 billion. The debt balance currently stands at RMB994.57 million. This financial challenge arises following the company's 2024 audited financial statements which revealed a debt-to-asset ratio of 90.11%. Guangzhou R&F Properties is actively seeking solutions and has committed to strict compliance with relevant laws and regulations, ensuring timely information disclosure to mitigate potential adverse impacts on its operations and debt repayment capabilities.