SHANGHAI, (Reuters) – China Evergrande Group announced on Sunday that it has made some initial progress in resuming work in construction. Its chairman pledged to deliver 39,000 properties in December, compared to fewer than 10,000 each month in the three previous months.

Evergrande has more than $300 billion in debts and is considered the world’s largest property developer. The Chinese government’s deleveraging campaign has left Evergrande unable to make payments to bondholders, banks and suppliers as well to deliver houses to potential buyers.

Hui Ka Yan, the company chairman stressed that Evergrande will not allow anyone to “lie down” during Sunday’s meeting. Evergrande urged employees to work hard so sales can resume and that debts are repaid.

Hui stated in the statement that “the company is resuming work on construction at full speed, and the group plans to deliver 110 projects in December.” We have five more days to go before we reach our goal of 39,000 units in December.

The official Xinhua News Agency was informed by China’s top regulator of real estate that he had pledged to address risks arising from late delivery of residential property by top developers.

China’s central bank also said that Saturday would protect home buyer legal rights.

Evergrande stated in the statement that they had signed 6,869 agreements with material suppliers and had resumed collaboration with more than 80 percent of decorating companies.

Although the Chinese government has moderately relaxed property financing in recent months to avoid a sector-wide hard landing, it has not removed its property restrictions that were intended to discourage speculation and reduce leverage.

Two sources who have direct knowledge told Reuters that Chinese authorities are looking into Evergrande’s assets and the wealthy chairman, but they do not expect a sale at this time.