LONGFOR GROUP Completes Redemption of "21 Longfor 04" on Schedule, Total Principal and Interest About RMB1.554 Billion

LONGFOR GROUP (00960.HK) +0.090 (+1.054%) Short selling $27.38M; Ratio 23.103% has completed on schedule the principal redemption and interest payment of "21 Longfor 04", involving a total amount of approximately RMB1.554 billion, including RMB1.495 billion in principal and RMB59 million in interest. According to public information, "21 Longfor 04" had an issuance size of RMB1.5 billion with a coupon rate of 3.93%. The bond interest payment date and partial put redemption date fall on May 21, 2026.Since the beginning of this year, LONGFOR GROUP has completed on schedule the principal and interest payments of multiple bonds, including "21 Longfor 02" and "16 Longfor 04". After this redemption, the company has only about RMB1.8 billion of onshore credit bonds outstanding, of which only RMB1 billion will mature in 2026. As of end-2025, LONGFOR GROUP has achieved positive operating cash flow, including capital expenditures, for three consecutive years. The company has also steadily reduced its debt scale and continued to optimize its financial indicators. Since mid-2022, LONGFOR GROUP has cumulatively reduced interest-bearing liabilities by nearly RMB60 billion. Fitch expects LONGFOR GROUP's annual credit bond maturities to decline to between RMB5 billion and RMB7 billion over the next three years, compared with about RMB20 billion in each of the previous three years. Fitch believes that as of end-2025, the company's available cash and its track record of generating positive operating cash flow provide sufficient liquidity buffers to cover near-term debt maturities. S&P stated that benefiting from business diversification, LONGFOR GROUP's non-property development businesses generate stable cash flow, mitigating risks in the current downturn cycle and supporting the company's liquidity. In addition, prudent financial management will continue to underpin its debt-servicing capability. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.)