[Zhenro Properties: Subsidiary Zhenro Hong Kong was ordered to be liquidated and its financial results will no longer be consolidated into the accounts] On November 9, Zhenro Properties Hong Kong Stock Exchange announced that the Hong Kong High Court ordered its subsidiary Zhenro Hong Kong to be liquidated on November 9, and the Official Receiver was appointed as the provisional liquidator on the same day. The company will lose control of the subsidiary from November 9, 2026, and its financial results will no longer be consolidated. Zhenro Hong Kong holds 381 subsidiaries, with unaudited total assets of approximately 84.905 billion yuan in 2025, accounting for 98.60% of the group's total assets. After being released from the balance sheet, the group's total assets dropped to approximately 1.205 billion yuan, and its total revenue was zero.