Redsun Properties Group Limited announced that on 12 October 2021 and 13 October 2021, the Group further repurchased the October 2019 Notes in an aggregate principal amount of USD 5 million and USD 2 million, respectively, in the open market, representing approximately 5% and 2% of the aggregate principal amount of the October 2019 Notes originally issued. As at the date of this announcement, the Group has cumulatively repurchased the October 2019 Notes in an aggregate principal amount of USD 15 million in the open market, representing approximately 15% of the aggregate principal amount of the October 2019 Notes originally issued. All the October 2019 Notes repurchased have been or will be cancelled (as the case may be) in accordance with its terms and indenture. After cancellation of the repurchased October 2019 Notes, the outstanding aggregate principal amount of the October 2019 Notes will be USD 85 million. The company will continue to monitor market conditions and its financial structure and may further repurchase its senior notes as and when appropriate.