Poly Developments unfreezes special accounts, gears up for Q3 earnings call

Poly Developments And Holdings Group announced that some of its special accounts for funds raised through a convertible bond issuance were frozen. The company acted promptly, communicating with the court and replacing the frozen funds using non-special accounts and its own capital. As of the announcement date, the freeze has been lifted, with the affected amount totaling CNY 94,220.38, a negligible sum.

The account freeze stemmed from a civil lawsuit initiated by Guangzhou Baili Investment Development Co., Ltd. and Guangzhou Honglang Real Estate Development Co., Ltd., seeking CNY 177,524,400. Despite the temporary freeze, the company confirmed that the incident had no adverse impact on the use of raised funds, normal operations, or the implementation of investment projects, which are proceeding as planned.

In a related development, Poly Developments will host an online performance briefing for its Q3 2025 results on December 5, 2025, from 11:00 to 12:00. This event, accessible via the SSE Roadshow Center, will allow investors to interact with company management and address questions regarding its Q3 operating performance and financial status.