RiseSun Real Estate strikes debt restructuring deal with China Cinda

RiseSun Real Estate Development Co., Ltd., its subsidiary Langfang Rongtuo Shengzhan Enterprise Management Co., Ltd., and guarantors have signed a debt restructuring agreement with China Cinda Asset Management Co., Ltd. Hebei Branch. The restructured debt totals 2,000,774,400 yuan. If 1,050,000,000 yuan is repaid according to the agreed schedule, Cinda Hebei will waive the remaining debt. This repayment includes 350,000,000 yuan through the transfer of real estate assets.

The total restructuring amount comprises 1,486,715,200 yuan in original debt, 401,163,500 yuan in compensation, 110,040,700 yuan in liquidated damages, and 2,855,000 yuan in related legal fees. The real estate assets used for offsetting debt have an appraised value of 357,044,100 yuan, with an agreed transaction price of 350,000,000 yuan.

The company's board believes this measure will alleviate debt pressure and promote stable and sustainable operations. The transaction's financial impact will be detailed in the company's audited annual report.