The Central Mall announced that on July 27, the 14th meeting of the 10th board of directors of the company passed a bill agreeing to apply for bankruptcy and liquidation with the court, the holding subsidiary Suzhou China Commercial Land, and authorize management to handle related matters. Suzhou China Commercial Land has not actually operated for a long time and is no longer insolvent. As of June 30, 2026, total assets were 45,700 yuan, net assets - 146.4975 million yuan, revenue for the first half of the year was 0 yuan, and net loss was 2,349,900 yuan. If accepted by the court, the company will lose its control and will no longer be included in the consolidated statement. It is expected to bring profit to the current consolidated statement. The details are subject to the audit results. There is uncertainty about whether the application will be accepted and the settlement process.

The Central Mall announced that on July 27, the 14th meeting of the 10th board of directors of the company passed a bill agreeing to apply for bankruptcy and liquidation with the court, the holding subsidiary Suzhou China Commercial Land, and authorize management to handle related matters. Suzhou China Commercial Land has not actually operated for a long time and is no longer insolvent. As of June 30, 2026, total assets were 45,700 yuan, net assets - 146.4975 million yuan, revenue for the first half of the year was 0 yuan, and net loss was 2,349,900 yuan. If accepted by the court, the company will lose its control and will no longer be included in the consolidated statement. It is expected to bring profit to the current consolidated statement. The details are subject to the audit results. There is uncertainty about whether the application will be accepted and the settlement process.