As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion. In addition, the share of bank loans in the holding company's debt rose, the proportion of debts due over the next 12 months dropped significantly, and the stability of the debts improved significantly. S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable. Despite uncertainties in the external environment, Fosun's onshore and offshore financing capabilities have been proven by the markets. In early May this year, Fosun International's offshore multi-currency syndicated loan was officially launched, and it has obtained a loan of more than US$450 million in equivalent so far.