Ruian Real Estate: Wholly-owned subsidiary submits a tender offer to purchase $400 million unpaid senior notes.

Ryan Real Estate announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary, Shui On Development, has made a tender offer for its outstanding 5.50% senior notes due in 2026, with a maximum aggregate acceptance amount. The acceptance amount will not exceed the new issuance amount. The tender offer will start on January 19, 2026, and will end at 4:00 pm on January 27, 2026, unless extended, withdrawn, or terminated at the discretion of Shui On Development as provided in the offer memorandum.