Sunshine 100 China (02608.HK) announced that Bosun (Hong Kong) has submitted a winding-up petition against the company to the High Court of Hong Kong due to the company's failure to pay the redemption price of USD 50.4675 million due on August 11, 2021, and the annual default interest of USD 2.385 million on the principal amount of USD 45 million from August 11, 2021 to March 22, 2024. The hearing will be held at the High Court on August 28 at 10:00 am.

The company will seek legal advice and take all necessary actions to protect its legitimate rights and interests. In addition, the company will oppose the petition because the board of directors believes that the petition does not represent the interests of other stakeholders and may damage the company's value. In view of the petition, the company will consider applying for relevant recognition order to the High Court after consulting legal advice.