RiseSun Real Estate Development Co.,Ltd (SZSE:002146) agreed to acquire 76.44% stake in from Zhejiang Rongsheng Holding Group Co.,Ltd., Beijing Rongweitong Investment Management Partnership Enterprise (Limited Partnership), Hebei Zhonghong Kaisheng Investment Co., Ltd., Tianjin Ruifan Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Tianjin Keqi Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Zhou Wei and Gao Qing on June 8, 2023. RiseSun Real Estate Development Co.,Ltd will issue A shares to not more than 35 specific investors to raise supporting funds. This transaction was already approved by Counter parties’ internal decision-making body and 27th session of the RiseSun Real Estate Development Co.,Ltd 7th directorate.

This transaction still needs to be approved by the formal plan must be approved by the company’s directorate, shareholders’ meeting, The counterparties to the transaction completes all the decision-making procedures, and reviews and approves the formal plan of the transaction; Shenzhen Stock Exchange and CSRC.