Shimao Real Estate announced the check-out policy.

Shimao Real Estate announced the check-out policy as follows:

1. Mortgage is a normal financing behavior to revitalize the company's fixed assets. The owner has been told that the house is in a mortgage state when buying a house, and can handle it normally after canceling the mortgage when handling the subsequent transfer. The mortgage originally did not affect the normal sales and online signing of the house;

2. For the buyers who want a refund, they agree to return the house and compensate LPR for the interest in the same period. The refund will be received within 30 working days. The company holds the house at Lane 580, Pucheng Road, Pudong New Area 1 10, and began to sell on 202 1, 10. After Shimao's multi-party communication and careful decision-making, we have to stop the above-mentioned housing sales, and will start the aftermath procedure to handle the cancellation of the housing sales contract for customers and deal with it according to the contract. We are deeply sorry for the inconvenience caused to the buyers.

Article 9 of the Law of People's Republic of China (PRC) on the Protection of Consumer Rights and Interests

Consumers have the right to choose their own goods or services.

Consumers have the right to choose their own operators to provide goods or services, choose their own varieties of goods or services, and decide whether to buy or not to buy any kind of goods or accept or not to accept any kind of services.

Consumers have the right to compare, identify and choose their own goods or services.