Redsun Properties Group Limited — Capital/Financing Update 2025

Mar 21, 2025

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 is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company. This announcement is not, and does not form any part of, an offer to buy or sell or the solicitation of an offer to buy or sell 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 have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered, sold or otherwise transferred within the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company does not intend to register any part of any offering referred to herein in the United States.

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Rsun弘阳

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)

INSIDE INFORMATION

EXTENSION OF EARLY RSA FEE DEADLINE

AND BASE RSA FEE DEADLINE

This announcement is made by Redsun Properties Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Future Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

References are made to (i) the announcement of the Company dated 23 January 2025 in relation to the restructuring support agreement entered into between the Company and the relevant Consenting Creditors; (ii) the announcement of the Company dated 21 February 2025 in relation to the extension of Early RSA Fee Deadline; and (iii) the announcement of the Company dated 7 March 2025 in relation to the extension of Early RSA Fee Deadline and Base RSA Fee Deadline (together, the "Announcements"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

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EXTENSION OF EARLY RSA FEE DEADLINE AND BASE RSA FEE DEADLINE

Since certain creditors require additional time to complete their internal processes of acceding to the RSA, the Company hereby announces that the Company has exercised its discretion to (i) further extend the Early RSA Fee Deadline from 5.00 p.m. Hong Kong time on 21 March 2025 to 5.00 p.m. Hong Kong time on 4 April 2025 (the “Extended Early RSA Fee Deadline”) and (ii) extend the Base RSA Fee Deadline from 5.00 p.m. Hong Kong time on 4 April 2025 to 5.00 p.m. Hong Kong time on 18 April 2025 (the “Extended Base RSA Fee Deadline”).

All holders of the Existing Debt who have not acceded to the RSA may consider the terms of the RSA (which is available on the Transaction Portal (at https://deals.is.kroll.com/rsun)) as soon as possible and accede to the RSA by delivering to the Information Agent (acting on behalf of the Company) a validly completed and executed Accession Letter including details on the amount of holdings together with, as applicable, its Evidence of Beneficial Holding, its Electronic Instruction Reference Number(s) or any other supporting documentation, via the Transaction Portal (at https://deals.is.kroll.com/rsun) in respect of all (but not less than all) of its Existing Debt.

The Information Agent is also available to answer any queries as regards this process (see contact details listed below).

Kroll Issuer Services Limited
Address: Level 3, Three Pacific Place, 1 Queen’s Road East, Wan Chai, Hong Kong
Tel: +852 2281 0114
Email: rsun@is.kroll.com

Holders of the Existing Debt who have validly acceded to the RSA by duly completing the above steps at or prior to the original Early RSA Fee Deadline do not need to take any action.

Except for the modifications set forth above, all other terms and conditions of the RSA shall remain unchanged. The Company will make further announcement(s) on the progress of the Proposed Restructuring as and when appropriate.

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GENERAL

The Company will make further announcement(s) as and when appropriate in accordance with the requirements of the Listing Rules, the SFO and/or applicable laws and regulations.

The implementation of the Proposed Restructuring will be subject to many factors not within the control of the Company. As there is no assurance that the Proposed Restructuring will be successfully implemented, holders of securities of the Company and other investors of the Company are (i) advised not to rely solely on the information contained in this announcement or any other announcements as may be issued by the Company from time to time, and (ii) are reminded to consider the related risks and exercise caution when dealing in the securities of the Company. When in doubt, holders of securities and other investors of the Company are advised to seek professional advice from their own professional or financial advisors.

By Order of the Board
Redsun Properties Group Limited
Zeng Huansha
Chairman

Hong Kong, 21 March 2025

As at the date of this announcement, the executive Directors are Mr. Zeng Huansha, Mr. Chen Bin and Ms. Hu Fang; 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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