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　　On April 23, the launch ceremony of Tencent’s special project "Help develop new productivity and digitalization empower a better life" was held in Tencent Binhai Building. Cheng Buyi, member of the Standing Committee of the Municipal Party Committee and Minister of Organization Department, and Zhang Ling, member of the Standing Committee of the Municipal Party Committee and Minister of Propaganda Department, attended the event.

　　Last year, under the guidance of the Internet Enterprise Working Committee of the Municipal Party Committee, Tencent launched the "Ten Actions" to promote high-quality development, landing 61 projects in ten aspects such as basic scientific research, rural revitalization, and financial technology, and making positive contributions to promoting high-quality economic and social development. This year, in order to further deepen the results of the "Ten Actions", Tencent focuses on the major decisions of the central government and the national strategy, coordinates the company’s resources and strength, and gives full play to the advantages of funds, technology and talents to carry out Tencent’s special project "Helping the Development of New Quality Productivity, Digitalization Empowers a Better Life" to promote the formation of new quality productive forces, promote high-quality economic and social development, and better meet the people’s yearning and needs for

　　The special project "Help develop new quality productivity" covers basic scientific research, cutting-edge technologies, emerging industries and future industries, digital technology and other fields, focusing on scientific exploration awards and new cornerstone researchers, HunyuanAide big model empowers thousands of industries, Tencent enlightenment helps artificial intelligence talent cultivation and scientific and technological innovation construction, Tencent self-researched game engine technology in aviation and other industries cross-border application, implementation of the exploration plan – cultural science and technology innovation incubation and other projects.

　　The special project "Digitalization empowers a better life" covers financial technology, ecological environmental protection, digital public welfare, Guangdong "Million Project", cultural industry and other fields, focusing on financial technology services to help accelerate the development of the industry, carbon removal demonstration ecological environmental protection, digitalization to help the development of public welfare undertakings, Guangdong "Million Project" Youth Xingxiang Cultivation Program, "Fanxing Plan" – digital technology empowers the development of small and medium-sized museums and other projects.

　　At the launch ceremony, the video connected the rural revitalization project owners in Shantou and Kashgar to share the stories of helping rural revitalization by digital means, empowering modern industry development with new productivity, and improving people’s production and living standards. In addition, the scene also introduced the relevant experience and practices of Tencent’s "Hunyuan" model empowering thousands of industries, WeChat Pay facilitating overseas people to enjoy domestic mobile payment services, Tencent Video creating high-quality content, and telling China’s story well with high-quality IP.

　　According to the Voice of China’s "News Evening Peak" report, recently, Nongfu Spring’s 2015 new product launch conference was held in Changbai Mountain. Chairperson Zhong Shansui made an appearance with 3 new products and announced that he officially entered the high-end water market. The 3 new products are: glass bottles of high-end mineral water, natural drinking water (suitable for infants and young children), and natural mineral water for students. It is expected to meet consumers before the Spring Festival.

　　Zhong said that the Moya spring in Changbai Mountain is a low-sodium light mineral spring, which is more suitable for Chinese people to drink for a long time than ordinary mineral water. In addition to repeatedly emphasizing the rarity of low-sodium light mineral springs, Zhong also gave examples: water that meets such conditions is usually used to produce the highest-end water, such as natural rock water in Norway, glacier mineral water in Canada, and volcanic mineral water in Italy.

　　According to reports, the price of glass bottles of high-end mineral water is about 35 yuan to 45 yuan/bottle, 1 liter of infant drinking water is about 10 yuan/bottle, and student mineral water is about 4 yuan per bottle. I think that the small partners who buy glass bottles of high-end mineral water are not drinking water, but willful…

　　Also, a farmer who is unwilling to be "mediocre" sells a bottle of water for 45 yuan, Hengda Bingquan, can you bear it?

　　After a lapse of three months, Wanda Real Estate Group has become a "dishonest person" again.

　　Recently, according to the China Enforcement Information Disclosure Network, Wanda Real Estate Group Co., Ltd., Heyuan Yuhai Real Estate Development Co., Ltd., and Heyuan Fuxin Construction Co., Ltd., refused to perform the obligation to determine the effective legal documents due to their ability to perform, and were listed as dishonest persons subject to enforcement by the Shanghai Second Intermediate People’s Court (hereinafter referred to as "dishonest persons"), involving a domestic non-foreign-related arbitration award. Not long ago, due to the arbitration case, the above companies have been forcibly executed for more than 18.87 million yuan.

　　It is worth mentioning that in April this year, Wanda Real Estate Group and other non-foreign-related arbitration awards have been listed as dishonest persons subject to enforcement once.

　　Dalian Wanda Group is in constant trouble. In addition to Wanda Real Estate, Wanda’s commercial management-related equity has also been frozen recently.

　　Due to 18.87 million, Wanda Real Estate has once again become a "dishonest person"

　　Tianyancha shows that recently, Wanda Real Estate Group Co., Ltd. (referred to as "Wanda Real Estate") and its Heyuan Yuhai Real Estate Development Co., Ltd. and Heyuan Fuxin Construction Co., Ltd. added a new information on the person subject to execution, and the execution target 18.87 million Yu Yuan, which was listed as a dishonest person subject to execution by the Shanghai Second Intermediate People’s Court.

　　Tianyancha App shows that Wanda Real Estate was established in February 2018 with a registered capital of about 4.05 billion yuan, and the legal representative is Qu Xiaodong, jointly held by Shenzhen Dixun Industrial Co., Ltd. and Futai (Hong Kong) Investment Co., Ltd. with a shareholding ratio of 98.7% and 1.3% respectively. Shenzhen Dixun Industrial Co., Ltd. is 100% owned by Wanda general merchandise. The predecessor of Wanda general merchandise group was registered in Hong Kong by Wang Jianlin in the early years. Dixun investment.

　　It is worth mentioning that Wanda Real Estate in April due to non-fulfillment of 245 million has been listed as a dishonest person to be executed once, and was restricted from high consumption.

　　According to the data, on April 4 this year, due to the application of the applicant China Fuxing Co., Ltd., the court officially filed the case, mainly because Wanda Real Estate failed to perform the payment obligations determined by the effective legal documents within the period specified in the notice of execution in the domestic arbitration award case. Subsequently, Wanda Real Estate Group, Heyuan Fuxin Construction Co., Ltd., and Heyuan Yuhai Real Estate Development Co., Ltd. became the executors.

　　It is understood that the reason why Wanda Real Estate became a "dishonest person" was due to the real estate project planted in Heyuan, Guangdong, which was sued by its former partners. In April this year, the court listed as the person subject to execution, in addition to Wanda Real Estate, also includes Heyuan Yuhai Real Estate Development Co., Ltd. and Heyuan Fuhai Real Estate Development Co., Ltd. are 100% owned by Wanda Real Estate. Among them, Heyuan Yuhai Real Estate Development Co., Ltd. is Heyuan Yuhai Real Estate Development Co., Ltd. and China Fuxing Co., Ltd. hold 90% and 10% respectively. This time Wanda Real Estate is sued by China Fuxing Co., Ltd.

　　On July 24, the Shanghai Second Intermediate People’s Court issued a consumption restriction order showing that the court filed a case on July 12, and the enforcement applicant was still China Fortune Star Co., Ltd., applying for the enforcement of Wanda Real Estate’s domestic non-foreign-related arbitration award. In the case of arbitration, the court issued a consumption restriction order because Wanda Real Estate failed to fulfill the payment obligations determined by the effective legal documents within the period specified in the execution notice.

　　As of now, Tianyancha shows that Wanda Real Estate has multiple information on the person being executed, and the cumulative execution is about 265 million yuan.

　　Wanda’s commercial management stake has also been frozen

　　Tianyancha App shows that recently, Zhuhai Wanda Commercial Management Group joint stock company (referred to as "Wanda Commercial Management") added two equity freezing information, the executor is Dalian Wanda Commercial Management Group joint stock company, the amount of frozen equity is 5.072 billion and 100 million, Zhuhai Wanda Commercial Management is the main body of Wanda Hong Kong IPO, and Dalian Wanda Commercial Management is the largest shareholder of Zhuhai Wanda Commercial Management.

　　According to public information, the above freezing period is from July 4, 2023 to July 3, 2026, and from July 5, 2023 to July 4, 2026, respectively. The enforcement courts are the Zhanjiang City Intermediate People’s Court of Guangdong Province and the Dezhou City Intermediate People’s Court of Shandong Province.

　　It is worth mentioning that Zhuhai Wanda Commercial Management has submitted its IPO application to the Hong Kong Stock Exchange for the fourth time. Previously, in October 2021, April 2022 and October 2022, Zhuhai Wanda Commercial Management submitted listing application materials to the Hong Kong Stock Exchange three times, but ultimately failed to list.

　　On July 20, Wanda Commercial Management announced that in terms of ratings, on July 18, China Chengxin International decided to maintain the credit rating of Wanda Commercial Management’s main body and related debt as AAA, and adjusted its main body and related debt outlook from stable to included in the credit rating watch list. The previous rating outlook was stable.

　　In terms of overseas ratings, as of July 20, Fitch downgraded its long-term foreign currency issuer default rating to B, maintaining a negative outlook. Moody’s downgraded its long-term foreign currency issuer default rating to Caa1, maintaining a negative outlook; Standard & Poor’s downgraded its long-term issuer credit rating to CCC, maintaining a negative outlook.

　　The reasons for the adjustment of the above rating agencies are mainly due to the fact that the refinancing channels of Wanda Commercial Management’s open market have not been restored, the continuous net repayment of maturing debts, the listing progress of its subsidiary Zhuhai Commercial Management is less than expected, and some of the equity held has been frozen, etc. Liquidity pressure has increased.

　　　　　　　 Directed by the gold-medal director Li Li, the costume action comedy starring stars such as Huang Xiaoming, Zhang Jingchu, Ren Xianqi, Chen Baixiang and Zhou Libo will be officially released nationwide on July 9. Among them, Xu Zhenqing, played by Ren Xianqi, is transformed into an ancient Einstein. All kinds of whimsical inventions make people laugh. In order to test the effect of his own inventions, Ren Xianqi is even more willing to go naked and test drugs.

Ren Xianqi incarnates as Optimus Prime

　　　　　　　 Xu Zhenqing, played by Ren Xianqi, as a generation of Jiangnan talents, was transformed into an ancient Chinese version of Einstein in the movie. Invisible Pills, Transformers, etc. were all successfully tested by him. These inventions not only became sharp weapons against the enemy, but also became a "must-have magic weapon" to play tricks on friends around him. Zhu Zhishan, played by Chen Baixiang, mistakenly thought that he had taken the invisible pill he invented and made a fool of himself, and his body and psychology were destroyed. In the final Armageddon, Ren Xianqi, who was armed with a sharp weapon, went into battle naked, and the big Transformers Autobots logo on his chest also made him the embodiment of justice. I believe that how this ancient version of Optimus Prime breaks the enemy will definitely become a major attraction of this film.

Dedicated to the screen for the first time

　　　　　　　 Unlike Chen Baixiang’s naked exit, Ren Xianqi’s body is stronger than the old talent Chen Baixiang’s round and jade figure, and Ren Xianqi’s perfect muscle lines are believed to make many female audiences feast their eyes and fantasize. According to Ren Xianqi himself, he made full preparations for this nude scene: "I have been practicing in the gym for a long time before coming to the cast, because this is the first time I have taken off so much, so I must give the audience a surprise, and I must not lose to Brother Baixiang." Compared with Ren Xianqi’s naked appearance this time, his inventions that travel through the future and his instant noodle hairstyle that is full of presence are no longer so important, and "Tang Bohu Dianqiuxiang 2", which brings together two male stars’ naked scenes, has also become a summer must-see film for female audiences.

Next page More exciting stills

　　Text/Guangzhou Daily All Media Reporter Li Chuanzhi

　　Yesterday, the reporter learned from the Foshan Municipal Government Network that Foshan City will revise the "Interim Measures for the Management of Online Booking Taxi Business Services in Foshan City" (hereinafter referred to as the "Interim Measures"), and the exposure draft of the revised draft is currently soliciting opinions from the community. The exposure draft proposes that if a network car-hailing platform company has violated laws and regulations, and after being jointly interviewed twice within 3 months, it still refuses to correct it. After collective discussion by the joint regulatory authorities, it can start the carrier processing process such as suspending the release and removing mobile Internet applications (APPs) from the shelves.

　　authoritative release

　　1. Strengthening supervision: including the removal of APP as a means of punishment

　　According to the exposure draft, if a car-hailing platform company violates laws and regulations and refuses to correct it after being jointly interviewed twice within 3 months, after collective discussion by the joint regulatory authorities, it can start the carrier processing process such as suspending the release and delisting of mobile Internet applications (APPs). In addition, if the mobile Internet applications (APPs) and other carriers of the car-hailing platform company are suspended and delisted, and the above violations continue to occur, the joint regulatory authorities can start the disposition process of stopping internet service, stopping networking or downtime for rectification.

　　So, under what circumstances will online car-hailing platform companies be interviewed? The exposure draft proposes that those who engage in online car-hailing business activities without obtaining an online car-hailing business license or engage in online car-hailing business activities in a disguised form shall be dealt with by the transportation authorities at or above the county level in accordance with laws and regulations. If an online car-hailing platform company that has obtained an online car-hailing business license violates laws and regulations, it shall be dealt with by the departments of transportation, development and reform, public security, economy and informatization, commerce, industry and commerce, quality supervision, human resources and social security, taxation, online information, and the People’s Bank of China within the scope of their respective duties. If the violations involve multiple departments, the relevant departments may conduct joint interviews.

　　2 Security upgrade: APP should not have heterosexual social functions

　　In the exposure draft, Foshan’s security management of online car-hailing continues to be upgraded, and proposes that "the client side application should not have heterosexual social functions, and should have the following safety service functions: the basic attribute information and location information of the vehicle and the driver Real-time sharing function, the third person confirmed by the driver or the passenger in writing can view the vehicle’s dynamic location information during the service process at any time; personal phone encryption function, the passenger and the driver communicate through technical means; ‘One-click call’ function, when the passenger is used in an emergency, the real-time dynamic information of the vehicle and the driver information can be automatically sent to the online car-hailing platform company."

　　In addition, the exposure draft also proposes that the online car-hailing platform company should conduct real-time dynamic monitoring of vehicle operation and service process through the online car-hailing platform and in-vehicle service end point, and should collect personal characteristic data such as driver portraits in real time during operating hours. Compared with the personal identity information of the driver in the background; the in-vehicle service end point should adopt the mainstream operating system compatible with the supervision and service software, and ensure that the normal operation of the supervision and service software at the in-vehicle service end point is not disturbed.

　　At the same time, the exposure draft emphasizes that platform operators should submit the information of drivers and vehicles connected to the network, including online car-hailing and private passenger car-sharing services, to the municipal public security organs at least once a quarter, and the municipal public security organs will conduct background checks in conjunction with the transportation department. For drivers and vehicles that fail the review, platform operators should be fully cleared. Platform operators who are also engaged in private passenger car-sharing information services should refer to the background verification of online car-hailing drivers and relevant regulatory requirements for network access management.

　　3 Model standard adjustment: two types of new energy vehicles will be required from July next year

　　According to the exposure draft, in addition to meeting the conditions stipulated in the Interim Measures for the Administration of Online Booking Taxi Business Services, the vehicles to be engaged in online car-hailing should also meet the following conditions: 7-seat and below new energy vehicles, with a vehicle wheelbase of not less than 2650 mm. From July 1, 2019, the new energy vehicles applying for online car-hailing should be pure electric vehicles or fuel cell vehicles. Register in Foshan, obtain a vehicle driving license issued by the Foshan public security organ, and the date of initial registration and acquisition of the "Motor Vehicle Driving License" to the date of application for the "Online Booking Taxi Transportation License" is less than two years.

　　At the same time, the valid period of the "Network Booking Taxi Transport Certificate" is linked to the service life of the vehicle, and the longest is no more than 8 years. When the mileage of the online car reaches 600,000 kilometers, it will be forcibly scrapped; when the mileage does not reach 600,000 kilometers but the service life reaches 8 years, it will withdraw from the online car-hailing operation, and the municipal transportation authority will cancel the corresponding "Network Booking Taxi Transport Certificate"; when the mileage of the vehicle that exits the online car-hailing operation reaches 600,000 kilometers, it will be forcibly scrapped.

　　In terms of drivers, the exposure draft proposes that drivers who engage in online car-hailing services, in addition to meeting the conditions stipulated in the Interim Measures for the Management of Online Booking Taxi Business Services, should also meet the following conditions: have Foshan household registration or Foshan "Residence Permit"; approved by the examination agency confirmed by the Foshan transportation authority, familiar with Foshan human geography, master passenger transportation services and safety emergency response skills; have obtained Foshan cruise car driver qualification and on-duty operation, serve in Foshan for 3 years without bad integrity records, and have a service quality reputation assessment of AAA or above in the past 3 years, can directly apply for the "Online Booking Taxi Driver’s License", and the driver’s license is valid for 3 years.

　　Department interpretation

　　If you fail the exam within 3 months, you need to resubmit your application

　　Yesterday, the Foshan transportation department made a detailed interpretation of the background of this revision.

　　In view of the fact that some drivers do not take the test at the agreed time, resulting in a waste of test resources, and if they do not take the test for a long time after the background check, the background information may change greatly, so the exposure draft increases the driver’s test time limit in Article 23, and clearly requires the driver to make an appointment for the test at the designated location within 7 working days after receiving the approval information, and complete the test within 3 months.

　　In addition, the exposure draft also strengthened the security background review and public safety maintenance, clear public security organs should network about car drivers and vehicles for security background review, and public security organs in accordance with the law to carry out national security work, prevention and investigation of illegal and criminal activities, network about car platform companies must provide technical support and assistance, truthfully submit data information. Network about car platform companies refuse to perform, the public security organs shall be dealt with according to law; constitute a crime, criminal responsibility according to law.

Wuhan in the golden autumn ushered in the "2023 China Enterprise Digital transformation Summit and Sai Yi User Conference". At this grand event with the theme of "AI-driven, digital intelligence innovation", domestic industry professors, experts, scholars and more than 500 business leaders, more than 1,000 industry elites, in-depth discussion on the intelligent management, AI scene application, "dual-cross" integration innovation, value-based domestic substitution (Xinchuang) and many other issues facing the digital transformation of enterprises.

"Saiyi is a company that builds digital capabilities around the enterprise value chain," Zhang Chengkang, chairperson and CEO of Saiyi Information, said in the keynote speech. At this year’s conference, Saiyi Information and industry partners jointly explore the digital transformation of enterprises around AI technology, and extract value and create value from it.

In the meantime, Saiyi Information’s latest release of the first AIGC mid-platform (Shanmu GPT) focusing on the enterprise services model has become the focus of the industry.

Wind up AI to maximize the value of the industry

In the AI era, industrial reshaping and intelligent manufacturing are becoming new.

The "China artificial intelligence large model map research report" released by the new generation artificial intelligence development research center of the Ministry of Science and Technology shows that 79 large models above the 1 billion parameter scale have been released in our country.

With the continuous improvement of the top-level design, our country’s digital economy strategic system has been steadily built, providing strong support for the intelligent transformation of the real industry. In the process of enterprise digital transformation, artificial intelligence can be implemented in a variety of application scenarios, data modeling, and improve the level of analysis and decision-making in production, warehousing, marketing, marketing, finance and other links.

In the process of AIGC technology landing, Saiyi Information realized that the value of the big model lies in the combination with business scenarios. Only by generalizing, industrializing and verticalizing AI capabilities, and deeply integrating with the specific business scenario needs of different industries and different enterprises, and focusing on the big model in the field of Enterprise Services, can we deeply support the digital and intelligent transformation of enterprises.

This is also the original intention and value of the research and development of Saiyi AIGC mid-platform (Shanmou GPT).

Deeply empowering, building an intelligent innovation engine for enterprises

Behind the artificial intelligence boom, major technology manufacturers have entered the market one after another, continuously launching AI models, and AIGC applications have exploded. For enterprises, how to choose the right path and high-quality platform in the process of digital transformation?

"There are so many big models, we can only build our own capabilities on the value chain of the entire industry around the focused industry, around the industry model. Everything is for value." Sai Yi, led by Zhang Chengkang, strives to provide the best path for the digital transformation of enterprises.

According to the introduction, Saiyi AIGC mid-platform (Shanmou GPT) deeply integrates the knowledge and best practices of Saiyi Information in the fields of finance and taxation, human resources, marketing, supply chain, R & D and manufacturing, and expands the storage memory, application adaptation, scheduling execution and domain expertise of the large model through context memory, knowledge/database & table indexing, Prompt engineering, agent execution, general toolset, etc., to form a systematic enterprise services large model. Provide enterprises with capabilities such as multi-model docking, vector management, private model pre-training and application, and help enterprises quickly implement AI and realize intelligent process management, interaction, guidance and circulation.

Digital employees (intelligent guidance), intelligent documents (intelligent assistance), enterprise knowledge base (intelligent Q & A), AI automatic quotation (intelligent quotation) and other functions required by enterprises can be realized in Shanmou GPT. By combining with the existing system and Data Transmission Service of the enterprise, Shanmou GPT can provide enterprises with more personalized and intelligent services, and improve the efficiency of enterprise production and operation management.

It is understood that Saiyi has fully integrated AI capabilities into agile development, achieving automated management of the entire process from requirements planning, requirements analysis, task allocation, progress tracking, iterative testing, and online deployment, with an efficiency increase of more than 40%.

Paradigm shift, AI-driven high-quality development

The "scissors difference principle" of digital transformation has resonated widely in the industry after Zhang Chengkang’s repeated emphasis. With the development of informatization and intelligence, on the one hand, the labor cost of enterprises continues to rise with time; on the other hand, the intelligent cost continues to decline with time. When the labor cost and the intelligent cost curve reach the intersection point, intelligence will usher in an outbreak.

Zhang Chengkang believes that in the era of AI-driven intelligence, the manufacturing paradigm has migrated from physical manufacturing based on the traditional "trial and error method" to virtual manufacturing based on CPS technology, and the manufacturing system has moved from an isolated centralized to an open system of networked collaboration, realizing the revolution of production tools and the transformation of production models.

At the critical juncture of paradigm shift, facing the trend of accelerated integration of the real economy and digital technology, Saiyi Information fully embraces the era of AI intelligence, leveraging its independent research and development capabilities and deep experience in the industry to enable the digital transformation of the industry and help Chinese enterprises move towards high-quality development.

The launch of AIGC mid-platform (Shanmou GPT) comes at the right time.

According to Yuan Haigang, chief architect of Saiyi Gushen Lab: "The launch of AIGC mid-platform (Shanmou GPT) marks an important breakthrough in the field of artificial intelligence. It can provide enterprises with more intelligent and efficient solutions to help enterprises achieve digital intelligence innovation and development. In the future, we will strengthen in-depth cooperation and research with customers in different industries, expand the application of AIGC in different industries and fields, and further improve the performance and applicability of Shanmou GPT."

AIGC mid-platform (Shanmou GPT) has strong and comprehensive capabilities.

Automatically generate user stories: enter simple instructions to automatically parse user requests and convert them into standardized user stories, quickly adapt to changes in the market and user requests, save a lot of time and effort for manual creation and maintenance, and improve the quality of agile development and iteration.

Intelligent form creation function: Based on the intelligent form designer provided by Gushen aPaaS platform, users can quickly complete the creation and configuration of the required form application by entering simple instructions in the dialog box, and realize interaction and data collection, further improving the efficiency of enterprise application construction.

The release of AIGC Zhongtai (Shanmou GPT) marks a new step for Saiyi Information in strategic technological innovation. In the future, Saiyi Information will join hands with more outstanding enterprises to strengthen and expand intelligent manufacturing and industrial software, join the AI digital wave, amplify the value of the industry, explore high-quality development paths, and jointly help build a digital China.

　　On the evening of January 26th,Publish two…

　　For depositsNotification by the board of directors of enforcementThe company’s wholly-owned subsidiary has filed a lawsuit with the Guangzhou Intermediate People’s Court.

　　Due to the company’s failure to provide sufficient supporting materials for bad debt losses, there is a total risk of underpayment of corporate income tax in 2021 and 2022 of about 650 million yuan and related late fees.

　　In addition, on January 26, the website of the Hong Kong Judiciary revealed that the Hong Kong High Court will hold a hearing at 9:30 on January 29Group winding-up petition hearing. Prior to this, eight applications for adjournment of petition hearings had been filed.

Alert the risk of underpayment of taxes

　　According to the voluntary announcement on the evening of January 26, three subsidiaries of the company, namely Jinbi Property Co., Ltd., Hengda Hengkang Property Co., Ltd. (referred to as "Hengda Hengkang") and Guangzhou Jinbi Huafu Property Co., Ltd. (referred to as "Jinbi Huafu"), have received a notice from the competent tax authorities that the above three companies confirmed the loss of bad debts and made partial pre-tax deductions for the execution of the pledge of 13.40 billion yuan in 2021, 2022 and 2023, and failed to provide sufficient supporting materials for the loss of bad debts. There is a total risk of underpayment of corporate income tax in 2021 and 2022 and related late fees of about 650 million yuan. The notice requires the company and three subsidiaries to correct their declarations.

　　Evergrande Property said that the company has fully reflected the taxes and fees payable in the profit and loss statements for 2021 and 2022, and this correction does not involve retrospective adjustment of previous financial data and does not affect the relevant annual net assets and profits.

File a lawsuit in court

　　According to Hengda Property’s announcement, a wholly-owned subsidiary of the company has filed seven lawsuits with the Guangzhou Intermediate People’s Court regarding the enforcement of the deposit pledge.

　　Hengda Hengkang 1.70 billion yuan deposit certificate pledge guarantee wasThe company’s wholly-owned subsidiary Hengda Hengkang has filed a lawsuit against Zhiluo Sheng (Guangzhou) Agriculture Co., Ltd. (referred to as "Guangzhou Zhiluo Sheng"), Guangzhou Chenxiyu Agricultural Technology Co., Ltd., Guangzhou Fragrant Berry Sweet Agricultural Technology Co., Ltd., Shenzhen Ruiyida Industrial Co., Ltd., Hengda Real Estate and (Hengda Hengkang 1.70 billion yuan responsible party), requiring Hengda Hengkang 1.70 billion yuan responsible party to repay 1.70 billion yuan and provisional interest of about 144 million yuan.

　　In connection with the enforcement of the 1 billion deposit certificate pledge guarantee by Guangzhou Jinbi Hengying Property Services Co., Ltd. (referred to as "Jinbi Hengying"), Jinbi Hengying, a wholly-owned subsidiary of the company, has filed a lawsuit against Guangzhou Mai Cai Meirui Biotechnology Co., Ltd. (referred to as "Guangzhou Mai Cai Meirui"), Guangdong Jingqi Industrial Co., Ltd., Hengda Real Estate and China Hengda (Jinbi Hengying 1 billion responsible party), demanding that Jinbi Hengying 1 billion responsible party repay the amount of 1 billion yuan and the provisional interest of about 84.6917 million yuan.

　　In connection with the enforcement of Hengda Hengkang’s 1 billion yuan deposit certificate pledge guarantee, Hengda Hengkang has filed a lawsuit against Guangzhou Zhiluo Sheng, Guangzhou Mai Cai Meirui, Guangzhou Qianfenghui Agricultural Technology Co., Ltd., Guangzhou Jinsui Agricultural Technology Co., Ltd., Guangzhou Xinyuan Investment Co., Ltd. (referred to as "Guangzhou Xinyuan"), Hengda Real Estate and China Hengda (Hengda Hengkang 1 billion yuan responsible party), demanding that Hengda Hengkang 1 billion yuan responsible party repay 1 billion yuan and provisional interest of about 76.0719 million yuan.

　　In connection with the bank-enforced recovery of approximately 2 billion yuan of the deposit certificate pledge guarantee of Jinbi Hengkang Property (Beijing) Co., Ltd. (referred to as "Jinbi Hengkang"), Jinbi Hengkang, a wholly-owned subsidiary of the company, has filed a lawsuit against Tianjin Hushang Trading Co., Ltd., Tianjin Junwei Industrial Co., Ltd., Guangzhou Xinyuan, Evergrande Real Estate and China Evergrande (Jinbi Hengkang 2 billion responsible party), demanding that Jinbi Hengkang 2 billion responsible party repay about 2 billion yuan and provisional interest about 153 million yuan.

　　In relation to the recovery of the 700 million yuan deposit certificate pledge guarantee enforced by the bank, Jinbi Hengying has filed a lawsuit against Shenzhen Runjintong Supply Chain Co., Ltd., Shenzhen Shengjiazhe Trading Co., Ltd., Guangzhou Xinyuan, Evergrande Real Estate and China Evergrande (Jinbi Hengying 700 million yuan responsible party), demanding that Jinbi Hengying 700 million yuan responsible party repay 700 million yuan and the provisional interest is about 53.4985 million yuan.

　　In relation to the recovery of about 2.70 billion yuan of the deposit certificate pledge guarantee by the bank, Jinbi Huafu, a wholly-owned subsidiary of the company, has sued Guangzhou Tongfu Agriculture Co., Ltd., Shanghai Panlong International Trade Co., Ltd., Guangdong Minhui Supply Chain Management Co., Ltd., Shenzhen Bohong Supply Chain Co., Ltd., Guangzhou Juhong Agricultural Technology Co., Ltd., Guangzhou Xinyuan, Hengda Real Estate and China Hengda (Jinbi Huafu 2.70 billion responsible party), demanding that Jinbi Huafu 2.70 billion responsible party repay about 2.70 billion yuan and temporarily accrue interest about 206 million yuan.

　　In relation to the recovery of the 2.30 billion deposit certificate pledge guarantee enforced by the bank in Guangzhou Jinbi Family Property Services Co., Ltd. (referred to as Jinbi Family), Jinbi Family, a wholly-owned subsidiary of the company, has filed a lawsuit against Guangzhou Jiacheng Zhixing Trading Co., Ltd., Zhejiang Tongxin Trading Co., Ltd., Shanghai Zhouhang International Trade Co., Ltd., Dalian Jiuyi Chunqiu Trading Co., Ltd., Guangzhou Xinyuan, Hengda Real Estate and China Hengda (Jinbi Family 2.30 billion responsible party), requiring Jinbi Family 2.30 billion responsible party to repay 2.30 billion yuan and the provisional interest of about 174 million yuan.

　　Evergrande Property has received the notice of formal acceptance of the case by the court on January 25, 2024. As Guangdong Jingqi Industrial Co., Ltd., Shenzhen Runjintong Supply Chain Co., Ltd. and Guangzhou Tongfu Agriculture Co., Ltd. have been cancelled respectively, the company will consider additional litigation against the shareholders of the companies concerned. According to the analysis of the board of directors and its legal advisors, the litigation will not have a material adverse impact on the company’s daily operations. The company will continue to make every effort to recover the relevant deposit pledges and will make further announcements in due course on any material progress of the above litigation or any other actions the company will take.

Facing a winding-up petition hearing

　　Separately, on January 26, the Hong Kong judiciary’s website revealed that the High Court would hold a hearing on the winding-up petition against China Evergrande Group at 9.30pm on January 29. Justice Chan Ching-fen will hold a hearing on a potential regulatory order at 2.30pm on January 29. Such a regulatory order would mean that the court would oversee the winding-up process, which could include the appointment of a liquidator.

　　Prior to this, China Evergrande had submitted eight applications for adjournment of the hearing of petitions. On June 28, 2022, China Evergrande announced that Top Shine Global had filed a winding-up petition against the company with the Hong Kong High Court on June 24, 2022, involving a debt amount of approximately HK $862.50 million.

　　The last postponement notice was issued on December 4, 2023. The relevant notice shows that the High Court of Hong Kong granted the company’s postponement application on December 4, 2023, further adjourning the hearing of the petition to January 29, 2024.

　　Wind data shows that as of the close of January 26, China Evergrande closed at HK $0.206/share, a decline of 4.63%; Evergrande Property closed at HK $0.4/share, a decline of 5.88%.