On November 29, Risesun real estate development co., ltd. announced that the company failed to make timely payment of principal and interest on '20 Risesun real estate MTN002,' involving a principal of 56 million yuan and interest of 4.7038 million yuan, constituting a default. The lead underwriter, China minsheng bank co., ltd., has held a bondholder meeting and has committed to continue supervising the issuer's information disclosure obligations. At the same time, minsheng bank is maintaining close communication with all parties and actively promoting a debt resolution plan in order to quickly resolve this default event and protect the rights and interests of investors.