Jinke Property Group Co., Ltd. unable to pay the principal of RMB 700 million on 20 Jinke Real Estate MTN002 on August 25, 2023, and this part of the principal shall be paid from August 25, 2022 (Including) Until August 25, 2023 (Not included) Corresponding interest during the period. The Company has been unable to pay the principal and interest in full and on schedule.