Redsun Properties Group Limited announced that the Group has made further repurchase of the April 2022 Notes in an aggregate principal amount of USD 142.202 million in the open market, representing approximately 31.6% of the aggregate principal amount of the April 2022 Notes originally issued. As of the date of this announcement, the Group has cumulatively repurchased the April 2022 Notes in an aggregate principal amount of US$190.402 million in the open market, representing approximately 42.3% of the aggregate principal amount of the April 2022 Notes originally issued. All the April 2022 Notes repurchased have been cancelled in accordance with its terms and indenture.

After cancellation of the repurchased April 2022 Notes, the outstanding aggregate principal amount of the April 2022 Notes is USD 259.598 million.