LVGEM (China) Real Estate Investment Company Limited (the Group) released a supplemental update regarding the disclaimer of opinion stated in its annual report for the year ended 31 December 2024, following its quarterly updates published on 30 June 2025 and 30 September 2025. According to the announcement, as of 30 September 2025, extensions have been secured for two banking facilities, covering an aggregate principal amount of RMB965 million. Banks have also agreed to defer principal payments for 15 loans totaling RMB254 million and to reduce interest rates for 14 onshore loans, which the Group indicates has lowered financial pressures and improved its liquidity position.

The announcement further notes that the Group has entered into three support letters with offshore creditors to advance restructuring efforts, with additional creditors actively considering joining a support agreement. The Group has continued to market its existing development projects and is seeking buyers for specific properties. During the second and third quarters of 2025, the disposal of onshore properties reached approximately RMB317 million, and proceeds were reportedly used to repay the relevant loans associated with those assets. The Board intends to pursue the outlined measures to address issues underlying the disclaimer of opinion and will provide quarterly updates and announcements as necessary under relevant listing requirements.