RiseSun updates on asset acquisition, fundraising

RiseSun Real Estate Development Co., Ltd. has issued an update on its proposed acquisition of assets through share issuance and the concurrent raising of supporting funds. The transaction involves the acquisition of stakes in Risesun Mengudali New Energy Technology Co., Ltd. from several parties. RiseSun Holdings Co., Ltd. will sell its 68.39% stake (corresponding to a paid-in registered capital of 331,668,220.00 yuan), Beijing Rongweitong Investment Management Partnership (Limited Partnership) will sell 3.17% (15,355,780.00 yuan), Hebei Zhonghongkaisheng Investment Co., Ltd. will sell 1.88% (9,139,220.00 yuan), Tianjin Ruifan Enterprise Management Consulting Partnership (Limited Partnership) will sell 0.50% (2,423,732.17 yuan), Gao Qing will sell 1.43% (6,930,000.00 yuan), Zhou Wei will sell 1.02% (4,950,000.00 yuan), and Tianjin Keqi Enterprise Management Consulting Partnership (Limited Partnership) will sell 0.06% (269,908.87 yuan).

The company noted that as of the announcement date, no new risk factors have emerged beyond those previously disclosed in the transaction preliminary plan. The transaction is still subject to further board and shareholder approvals, as well as regulatory review and registration by the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

The company will continue to provide progress updates every 30 days until the shareholder meeting notice for reviewing the transaction is issued. Investors are advised to refer to the designated information disclosure media for further details and to exercise caution.