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on september 5, country garden (02007.hk) released its unaudited operating data. in august alone, the company achieved contract sales attributable to the shareholders' equity of approximately rmb 3.43 billion, and contract sales area attributable to the shareholders' equity of approximately 350,000 square meters.

according to data statistics previously released by country garden, in the first eight months of this year, country garden achieved contract sales attributable to shareholders' equity of approximately rmb 32.79 billion, compared with rmb 148.81 billion in the same period last year; the contract sales area attributable to shareholders' equity of the company was approximately 3.376 million square meters, compared with 18.87 million square meters in the same period last year.

on the same day, country garden announced that, upon the recommendation of the company, pricewaterhousecoopers (hereinafter referred to as "pricewaterhousecoopers") has agreed to resign as the company's auditor, effective september 3, 2024. at the same time, country garden will appoint zhonghui anda certified public accountants co., ltd. as the company's new auditor.

in its resignation letter, pricewaterhousecoopers stated that country garden has not yet provided the final draft of its 2023 consolidation scope and consolidated financial statements, related working papers and supporting documents.

pricewaterhousecoopers also disclosed other major pending matters, which country garden did not provide, including: future cash flow forecasts and related supporting documents to assess liquidity, the rationality of the basis for going concern and whether there are significant uncertainties regarding going concern; certain supporting data to complete the relevant audit work on the impairment provision assessment for properties under construction and completed properties, including but not limited to inventory cost data for certain properties under construction and completed property projects, information on impairment assessments and supporting information on certain significant assumptions and parameters used in the impairment assessments; the expected credit loss assessment results for other receivables as of december 31, 2023 and certain supporting materials to complete the relevant audit work.