Redsun Properties Group Limited Announces Further Extension of Early RSA and Base RSA Fee Deadlines

Key Developments in the Restructuring Process

Redsun Properties Group Limited (“the Company”, Stock Code: 1996) has issued an important update regarding its ongoing debt restructuring process. The Company has announced a further extension of both the Early RSA Fee Deadline and the Base RSA Fee Deadline. This decision is significant for creditors, shareholders, and the broader market, as it reflects the current status and challenges in the restructuring process.

Highlights of the Announcement

• The Company is extending the Early RSA Fee Deadline from 5:00 p.m. (Hong Kong time) on 24 April 2026 to 5:00 p.m. (Hong Kong time) on 22 May 2026.
• The Base RSA Fee Deadline is also being extended from 5:00 p.m. (Hong Kong time) on 8 May 2026 to 5:00 p.m. (Hong Kong time) on 5 June 2026.
• The extension was necessitated because certain creditors require additional time to complete their internal processes for acceding to the Restructuring Support Agreement (RSA).
• All holders of the existing debt who have not yet acceded to the RSA are encouraged to review the terms and complete the necessary documentation via the Transaction Portal (https://deals.is.kroll.com/rsun).
• The Information Agent, Kroll Issuer Services Limited, is available to assist creditors with the accession process.

Implications and Price-Sensitive Information for Shareholders

• The repeated extension of deadlines may indicate ongoing challenges in securing sufficient creditor support for the restructuring. This could add to uncertainty about the Company’s ability to successfully implement the Proposed Restructuring. Such developments are often closely monitored by the market and can influence share prices.
• The Company explicitly warns that there is no assurance the Proposed Restructuring will be successfully implemented. Shareholders and investors should remain cautious, as a failure to complete the restructuring could have material negative impacts on the Company’s financial position and share value.
• The Company will continue to make further announcements as required by the Hong Kong Listing Rules, the Securities and Futures Ordinance (SFO), and other applicable regulations.
• Investors are advised not to rely solely on this announcement and to consider all related risks before making any investment decisions. Professional advice is recommended in cases of doubt.

Further Details for Creditors

Creditors who have already acceded to the RSA by the original Early RSA Fee Deadline do not need to take further action. For those who have not, the process involves submitting a validly completed and executed Accession Letter, including documentation verifying their holdings, through the online portal. The Company’s appointed Information Agent can be reached at:

• Address: Level 3, Three Pacific Place, 1 Queen’s Road East, Wan Chai, Hong Kong
• Tel: +852 2281 0114
• Email: [email protected]

Board and Management

The Board of Redsun Properties Group Limited comprises executive Directors Mr. Zeng Huansha (Chairman), Mr. Chen Bin, and Ms. Hu Fang, as well as independent non-executive Directors Mr. Lee Kwok Tung Louis, Mr. Leung Yau Wan John, and Mr. Au Yeung Po Fung.

The Company’s management and Board continue to monitor the situation and will provide further updates as appropriate.

Conclusion

The extension of the Early RSA Fee Deadline and the Base RSA Fee Deadline is a critical development in Redsun Properties’ restructuring process. The outcome of this process will likely have a significant impact on the Company’s financial health and stock performance. Investors should continue to monitor the situation closely, remain aware of the risks, and await further announcements from the Company.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own professional advisors before making any investment decisions. The implementation of the Proposed Restructuring is subject to factors outside the Company’s control, and there is no guarantee of successful completion. The Company disclaims any liability for losses resulting from reliance on the information in this article.

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