RSUN SER(01971): The obligor claims to have taken action to enforce the pledgee's rights in the pledged shares.

RSUN SER (01971) announced that RSUN SER (Holdings) Group Limited has pledged a total of 302 million ordinary shares (pledged shares) in the Company to Serica Agency Limited (the underwriter) as collateral for certain notes issued by Huong Sheng Limited, as part of the Huong Sheng restructuring plan completed on August 19, 2024. On October 21, 2025, the underwriter is claimed to have taken action to enforce its security interest in the pledged shares and has appointed Wong Wing Sze Tiffany and Edward Simon Middleton as joint and several receivers and managers of the pledged shares. As of the date of this announcement, the pledged shares (i.e., 302 million ordinary shares of the Company) represent approximately 72.77% of the Company's total issued share capital. The Board has been informed that RSUN SER (Holdings) Group Limited is seeking legal advice on this matter to safeguard its interests in the pledged shares. Additionally, the Company has received notices from the receivers and managers. The Company is currently seeking legal advice on this matter. The Board believes that the Company's operations and financial condition are currently normal, and as the Company is not a party to this matter, it does not have a significant impact on the Company's business operations, financial condition, and solvency.