Redsun Properties Group Limited — Capital/Financing Update 2021

Oct 31, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

Redsun Properties Group Limited 弘陽地產集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1996)

US$100,000,000 13% SENIOR NOTES DUE 2021 (Stock Code: 40045)

VOLUNTARY ANNOUNCEMENT FULL REDEMPTION AT MATURITY OF SENIOR NOTES

This announcement is made by Redsun Properties Group Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) on a voluntary basis.

Reference is made to (i) the formal notice of the Company dated 30 October 2019 (the ‘‘Formal Notice’’) in relation to the 13% senior notes due 2021 in the aggregate principal amount of US$100 million (the ‘‘October 2019 Notes’’) issued by the Company and the listing thereof on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and (ii) the announcements of the Company dated 7 October 2021, 11 October 2021, 13 October 2021 and 18 October 2021 respectively (the ‘‘Repurchase Announcements’’) in relation to the partial repurchase of the October 2019 Notes. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Formal Notice and the Repurchase Announcements.

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The October 2019 Notes matured on 30 October 2021 (the ‘‘Maturity Date’’). The Group has redeemed the Notes in full in accordance with the terms and conditions of the October 2019 Notes at their outstanding principal amount together with interest accrued to the Maturity Date. The Company considers that there will be no material impact on its financial position as a result of the redemption of the October 2019 Notes at maturity. The October 2019 Notes will be cancelled and delisted from The Stock Exchange of Hong Kong Limited.

On behalf of the Board Redsun Properties Group Limited Zeng Huansha Chairman

Hong Kong, 31 October 2021

As of the date of this announcement, the executive Directors are Mr. Zeng Huansha, Mr. Yuan Chun, Mr. Zeng Junkai and Mr. Lui Wai Pang; and the independent non-executive Directors are Mr. Lee Kwok Tung Louis, Mr. Leung Yau Wan John and Mr. Au Yeung Po Fung.

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