RSUN PPT(01996): Approximately 33% of the existing creditors who have outstanding debt principal have officially signed a restructuring support agreement.

RSUN PPT (01996) has announced that the company has been actively working with its financial advisor HAITONG INT'L Securities Limited and its legal advisor Law Firm Nageerda to resolve its current liquidity issues through an overall arrangement agreed upon by all stakeholders. The company aims to ensure the long-term sustainable development of its business, while also protecting the interests of all stakeholders and preserving value. The company and its advisors have had constructive discussions with its stakeholders regarding the proposed restructuring of existing debts, and significant progress has been made with several key beneficial owners of the existing debts on the implementation of a comprehensive restructuring plan (proposed restructuring). Following these discussions, the company is pleased to announce that it has entered into a restructuring support agreement (RSA) with relevant consenting creditors to support the proposed restructuring. The company invites other creditors holding existing debts to join the RSA as soon as possible to support the proposed restructuring. The company is pleased to note the strong support it has received from existing creditors for the proposed restructuring. As of the date of this announcement, creditors representing approximately 33% of the outstanding principal amount of existing debts (held in the capacity of beneficial owners) have formally signed the RSA and are bound by its terms. The company intends to implement the proposed restructuring plan and believes it is possible to quickly gain support from the necessary creditors of existing debts (i.e. a simple majority in number of creditors voting at the planned meeting and 75% in value of the debts) to implement the proposed restructuring. The arrangement plan is a statutory mechanism that allows relevant courts to approve a "debt compromise or debt arrangement" approved by a vote of the relevant class of creditors and obtaining the required majority vote; it is not a bankruptcy process. Upon completion, the proposed restructuring will provide the group with a more sustainable capital structure and long-term value for all stakeholders. The company expects to commence the implementation process of the proposed restructuring as soon as possible in accordance with the terms of the RSA. The key terms of the proposed restructuring are set out in the scheme document. The proposed restructuring is expected to be implemented primarily through a scheme of arrangement (Scheme) to be sanctioned in Hong Kong, and subject to the restrictions of the RSA, through scheme of arrangement in other relevant jurisdictions and through other applicable jurisdiction recognition processes to obtain cross-border recognition and relief.