Rongsheng Real Estate Development Co. Ltd. failed to pay the interest of RMB 14.9574 million should be paid on March 6, 2024, the interest of RMB 7.4787 million should be paid on April 6, and the interest of RMB 7.4787 million n 2020 Second Medium-Term Note (Bond abbreviation: 20 Rongsheng Real Estate MTN002, bond code: 102001469) should be paid on May 6, 2024. As of the end of May 2024, the issuer failed to pay the above interest in full and on time, constituting a default.