The first tranche of medium-term notes of Rongsheng Real Estate Development Co. Ltd. in 2020 (bond name: 20 Rongsheng Real Estate MTN001, bond code: 102001416) shall be redeemed on March 25, 2024, April 23, 2024, May 23, 2024, and June 23, 2024, with interest of RMB 13,429,200.00, RMB 6,714,600.00, RMB 6,714,600.00, and RMB 6,714,600.00, respectively. As of the end of June 2024, the Company has not been able to pay the above interest in full and on time, due on June 23, 2024.