Sansheng Holdings (Group) Co. Ltd. announced that The USD 100,000,000 13.0% Senior Notes due 2022 will bear interest at a rate of 13.0% per annum. Interest will be paid on the Notes in arrear on January 6, 2022 and July 5, 2022. The Notes will mature on July 5, 2022, if not redeemed or repurchased earlier. The Notes will be the unsubordinated senior obligations of Sansheng Holdings (Group) Co. Ltd. and will be irrevocably and unconditionally guaranteed by certain of existing subsidiaries, other than those organized under the laws of the PRC. At any time prior to July 5, 2022, the Company may, at its option, redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus a premium and accrued and unpaid interest, if any, to (but not including) the redemption date. At any time and from time to time prior to July 5, 2022, the Company may, at its option, redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of one or more sales of common stock of the Company in an equity offering at a redemption price of 113.0% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the redemption date; provided that at least 65% of the aggregate principal amount of the Notes originally issued on the Original Issue Date remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related equity offering. Upon the occurrence of a Change of Control Triggering Event (as defined in the indenture governing the Notes, must make an offer to repurchase all Notes outstanding at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to the date of repurchase.