1) Borrower’s sales/order on hand from CRE projects are still above 40% as of 2021Nov. Per order summary provided by BU, random checking on Top 5 contracts via 天眼查, there are several negative news for the buyers as below. Meanwhile, per CM disclosed, Top 5 AR o/s for CRE projects, there are 2 CRE com have potential debt problems (世茂 and 碧桂园, 26% of Top 5 AR amount) and the other 3 are POE with limited market information. Please verify that 1) borrower’s order and AR amount from CRE com which have negative news on debt problems and/or liquidity stress; 2) Top 10 AR o/s list and AR aging report (overdue AR needed) for CRE segment. AR o/s list should be by buyers’ Group level but not single project company level. For the clients of 产业园, if their core business is still CRE, please add into the list as well.