According to CoinMeta, based on a announcement on the Hong Kong Stock Exchange by Evergrande Real Estate, the High Court of Hong Kong ordered the liquidation of its subsidiary Zhenro Hong Kong on November 9, 2026. On the same day, the Commissioner of Insolvency was appointed as the temporary liquidator. Since November 9, 2026, Evergrande Real Estate has lost control over this subsidiary, and its financial performance is no longer consolidated in the group's accounts. Zhenro Hong Kong owns 381 subsidiaries, with unaudited total assets of approximately 84.905 billion yuan in 2025, accounting for 98.60% of the group's total assets. After the exclusion of this subsidiary, the group's total assets dropped to about 1.205 billion yuan, and its total revenue became zero.