Redsun Properties Group Limited — Capital/Financing Update 2021

Mar 9, 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.

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)

UNAUDITED OPERATING FIGURES AS OF 28 FEBRUARY 2021

The board of directors (the ‘‘Board’’) of Redsun Properties Group Limited (the ‘‘Company’’) is pleased to announce that, for February 2021, contracted sales of the Company, its subsidiaries and associated companies (the ‘‘Group’’) was RMB5.209 billion. The sales area amounted to 362,470 square meters and the average selling price was RMB14,370 per square meter.

From January to February 2021, the aggregated contracted sales of the Group was RMB11.51 billion. The aggregated sales area was 765,744 square meters and the average selling price was RMB15,037 per square meter.

The preliminary figures disclosed above are subject to changes and may differ from those in the audited or unaudited consolidated financial statements of the Group to be published on yearly and half-yearly basis. As such, the relevant information are strictly for information only and not for any other purposes. Investors are advised not to place any reliance on the information disclosed herein and shall exercise due caution when dealing in the securities of the Company. Any investor who is in doubt is advised to seek advice from professional advisors.

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

Hong Kong, 9 March 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.