Rongsheng Development: terminating the issuance of A shares to specific entities in 2022 and withdrawing the application documents.

Rongsheng Development Announcement, the company has decided to terminate the issuance of A shares to specific objects for the year 2022 and withdraw the application documents. The original plan for this issuance was to issue up to 1.304 billion A shares to no more than 35 specific objects, raising a total of up to 2.874 billion yuan, primarily for real estate projects related to "protecting the economy and people's livelihood" and for supplementary working capital. The termination is mainly due to factors such as market environment, capital market conditions, and project progress. The termination will not have a significant adverse impact on the company's normal production and operation.