Zensun Enterprises Limited announcement of the Company dated 29 June 2022 in relation to partial repurchase and cancellation of the USD 200,000,000 12.5% senior notes due 2022 (the "2022 Notes") and the other announcements mentioned therein (collectively, the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise stated. Between 28 June 2022 and 1 September 2022, the Company further repurchased an aggregate principal amount of USD 103.9 million of the 2022 Notes in the open market, representing approximately 51.95% of the aggregate principal amount of the 2022 Notes originally issued.

As at the date of this announcement, such repurchased 2022 Notes have been cancelled in accordance with the terms and conditions of the 2022 Notes ("Cancellation"). After the Cancellation, the outstanding aggregate principal amount of the 2022 Notes is USD 36.4 million, representing approximately 18.2% of the initial aggregate principal amount of the 2022 Notes. The Company will continue to monitor market conditions and its financial structure and may further repurchase the 2022 Notes as and when appropriate.