Country Garden shares went up by about 1.8% on Wednesday after the company revealed that the Shanghai Stock Exchange criticized them for not disclosing overdue debts on time. The shares opened at HK$0.285, up from HK$0.280 the previous day. In a filing to the Hong Kong Stock Exchange, Country Garden said it and three top executives – chairwoman Yang Huiyan, co-chairman Mo Bin, and CFO Wu Bijun – received a "Decision on Disciplinary Action" from the Shanghai Stock Exchange. The regulator stated that Country Garden failed to disclose overdue debts on time during three periods: August to December 2023, January to June 2024, and July to December 2024. This broke bond listing rules. The Shanghai Stock Exchange took self-regulatory actions, gave a "circulated criticism," and recorded the case in its integrity file database. However, it did not fine the company or executives. Country Garden said the delay was due to "objective factors," not because the executives failed to do their duties properly. Other responsible persons were also included in the measures, the filing said.