Evergrande's overseas liabilities are about US$ 22.7 billion. Hengchi 5 will be mass-produced on June 22nd.

On March 22nd, in the conference call of investors of China Evergrande Group, Sean, executive director of China Evergrande Group, said that the overseas debt contract of China China Evergrande was US$ 22.7 billion. At present, the company is organizing an intermediary team to further sort out and summarize specific information.

At the meeting, regarding the issue that about 65.438+034 billion yuan of deposits of Evergrande Real Estate have been enforced by banks, Sean said that in order to protect the right to know and supervise of minority shareholders and creditors, Evergrande Real Estate will set up an independent investigation committee and appoint experts to investigate the pledge, and China Evergrande will also set up an independent investigation committee to conduct relevant investigations, and will announce the investigation progress and results in time. At the same time, under the supervision of the company's legal adviser and compliance consultant, the Risk Resolution Committee of China Evergrande Group, Evergrande will further improve and strengthen the internal control mechanism to protect the legitimate rights and interests of investors.

Sean emphasized that Evergrande Real Estate and Evergrande Automobile are important overseas listing platforms for the company, and Evergrande fully understands the concerns of creditors. In order to restore the value of listed companies without debt restructuring, Evergrande is trying to contact third-party investors, promote the restructuring of Evergrande Real Estate and Evergrande Automobile, and introduce strategic investors to maximize the interests of all parties. In the follow-up, Evergrande will disclose significant progress in a timely manner according to the work situation and the requirements of the Hong Kong Stock Exchange.

Liang Senlin, a non-executive director of China Evergrande, said in response to a creditor's question that Evergrande cooperated with some trust companies through the mode of "equity transfer+custody operation" in order to maintain the normal operation of Evergrande, promote the resumption of existing projects and protect the legitimate rights and interests of creditors and buyers. Liang Senlin said that under the current tight liquidity of Evergrande, the above model is a realistic choice to maintain orderly operation and protect the legitimate rights and interests of all parties. The recovered funds will be used to ensure the construction and delivery of other domestic projects of Evergrande, and Evergrande will do its best to continue to promote the resumption of work and production.

According to Liang Senlin, in terms of Evergrande's operation, Hengchi 5 took the lead in getting off the assembly line at the beginning of this year. In February, 1 1 entered the 353rd batch of new products publicity list of the Ministry of Industry and Information Technology, which has passed the publicity period recently and is qualified for sales. It is planned to officially mass-produce in the third quarter of this year. At present, Evergrande Automobile is mobilizing all resources to ensure the mass production of Hengchi 5 model and prepare for the follow-up marketing. Liang Senlin said that China Evergrande is also actively promoting Evergrande to introduce strategic investors, and has extensive contacts with potential investors to restore the value of Evergrande. ?

Liang Senlin mentioned that due to major changes in the real estate business, auditors have added many additional audit procedures, and due to the impact of the COVID-19 epidemic, auditors need more time to confirm the company's financial status. China Evergrande, Evergrande Real Estate and Evergrande Automobile will postpone the publication of audited annual results and have applied for suspension of trading on the Hong Kong Stock Exchange. Subsequently, the board of directors will urge listed companies to actively cooperate, coordinate and promote the relevant work of auditors, and publish audited annual results if feasible.

Liang Senlin pointed out that due to major changes in the real estate business, auditors have added many additional audit procedures, and due to the impact of the COVID-19 epidemic, auditors need more time to confirm the company's financial status. China Evergrande, Evergrande Real Estate and Evergrande Automobile will postpone the publication of audited annual results and have applied for suspension of trading on the Hong Kong Stock Exchange. Subsequently, the board of directors will urge listed companies to actively cooperate, coordinate and promote the relevant work of auditors, and publish audited annual results if feasible.

Liang Senlin also said that Evergrande Real Estate is in extensive contact with potential investors to achieve active bidding and strive to maximize the interests of all parties. At present, the company is discussing the framework of overseas restructuring with the intermediary team and financial consultants. The company is promoting the work of Evergrande Automobile and Evergrande Real Estate and providing support for overseas restructuring.

Besides, Evergrande New Energy Automobile Group held a mobilization meeting for "Hengchi 5" mass production earlier, and Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, who had not appeared for a long time, appeared at the meeting. At the meeting, the requirement was put forward: "The automobile group should fight day and night, work hard for three months, and realize the mass production of Hengchi 5 on June 22nd, laying a solid foundation for the healthy and sustainable development of Evergrande."