When can the 600890st house be opened? Why don't you sell it? What about the market outlook?

In 2007- 12- 17, the lawsuit was announced and the suspension continued.

Announcement on the progress of ST housing litigation

Zhong Fang Real Estate Co., Ltd. disclosed that Xuzhou Intermediate People's Court (hereinafter referred to as "Xuzhou Intermediate People's Court") made a civil judgment (2006) No.0159 on the case of Gao Zhiliang v. Xuzhou Tianjia Real Estate Development Co., Ltd., a controlling subsidiary of the Company.

Tianjia Company believes that the judgment of Xuzhou Intermediate People's Court identified Gao Zhiliang as a shareholder of Tianjia Company, and his contribution of RMB 6,543,800+0,295 yuan was the shareholder's contribution, which lacked factual and legal basis. In fact, Gao Zhiliang transferred his equity and investment funds of Tianjia Company to outsiders on April 30, 2006. Gao Zhiliang should only claim rights from outsiders, and should not claim investment rights from Tianjia Company.

Accordingly, Tianjia Company recently filed a lawsuit with the Higher People's Court of Jiangsu Province, demanding that the facts be re-determined and the sentence be changed according to law.

Recently, the company received the relevant civil judgment from the People's Court of Changchun Economic and Technological Development Zone, and made the following judgment on the case that Changling Group Co., Ltd. (formerly Changchun Changling Group Co., Ltd., hereinafter referred to as "Changling Group"), the former major shareholder of the company, sued the company for failing to transfer the accessories and accessories branch and related assets to it as agreed, resulting in the serious shrinkage of the assets of the accessories and accessories branch. Our company will compensate Changling Group for its economic loss of 29.9 million yuan within ten days after this judgment comes into effect. If the obligation to pay money is not fulfilled within the time limit specified in this judgment, the case acceptance fee is 19 1300 yuan, and the property preservation fee is 5,000 yuan, that is, 1963 yuan.

Considering that the above judgment is wrong in fact, insufficient in evidence and wrong in applicable law, our company recently filed a lawsuit with Changchun Intermediate People's Court of Jilin Province (hereinafter referred to as Changchun Intermediate People's Court), demanding: 1 to revoke the above civil judgment; 2. Reject Changling Group's claim against the company; 3. The Changling Group was ordered to bear the litigation costs of the first and second trials of this case.

Up to now, the company has not received the acceptance notice from Changchun Intermediate People's Court.

Major event progress announcement and risk warning

After China Real Estate Co., Ltd. sent a letter to China Real Estate Development Corporation (hereinafter referred to as China Real Estate Group), the largest shareholder, and Tianjin Zhongwei Trading Co., Ltd., the second largest shareholder, China Real Estate Group said that it was still communicating with relevant departments on the relevant matters announced in the company's risk warning announcement on June 29, 2007. During this period, the company's shares will continue to be suspended. After the relevant matters are confirmed, the company will make a timely announcement and resume trading.

In addition, as of the foreseeable two weeks now, the Company and the above shareholders have confirmed that there are no major information that should be disclosed but not disclosed, including but not limited to major matters such as the company's equity transfer, non-public offering, debt restructuring, business restructuring, asset divestiture or asset injection.