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- Sunac China Holdings Limited is an investment holding company principally engaged in residential and commercial property development, property management services, and cultural tourism operations in the People's Republic of China. The company operates across multiple core business segments: Property Development, which engages in the investment, development, and sale of medium-to-high-end residential communities, high-rise apartments, detached villas, townhouses, retail complexes, and commercial office buildings; Cultural Tourism City Construction and Operation, which develops and manages integrated cultural tourism destinations, theme parks, water parks, hotel resorts, convention facilities, and indoor ice-and-snow sports attractions; Property Management Services, conducted primarily through its subsidiary Sunac Services Holdings Limited, which provides residential property management, commercial operational management, community living services, asset operations, and urban municipal services; and Other Business Segments, which encompass interior architectural decoration and fitting services, film and entertainment media investments, and commercial real estate leasing. The company conducts its development and management operations across key tier-1, tier-2, and core regional metropolitan areas throughout China, including Beijing, Shanghai, Tianjin, Chongqing, Hangzhou, Chengdu, Wuhan, and Guangzhou. Founded in 2003 and headquartered in Beijing and Tianjin, China, Sunac China Holdings trades on the Hong Kong Stock Exchange under code 1918 and is quoted on the U.S. Over-the-Counter market under the ticker SNCNF. In recent major developments, Sunac China has executed comprehensive debt restructuring initiatives to rebalance its capital structure, completing court-sanctioned offshore debt restructuring schemes utilizing mandatory convertible bonds and debt-to-equity mechanisms to discharge billions of dollars in offshore liabilities while advancing domestic onshore bond restructuring plans. Concurrently, the company has repositioned its strategic priorities toward ensuring property project completions and handovers under government property financing whitelist support, streamlining non-core assets, and reorganizing operational structures to reinforce liquidity and core development operations.