Rongsheng Development: Signed "Debt Restructuring Agreement" with Hebei Branch of China Cinda Asset Management Co., Ltd.

Rong Sheng Development Announcement: The company has signed a "debt restructuring contract" with the Hebei branch of China Cinda Asset Management Co., Ltd. The restructured amount is 2.01 billion yuan. According to the contract, if the company's subsidiary, Langfang Rongtu Shengzhan Enterprise Management Co., Ltd., and guarantors, repay 10.5 billion yuan to Cinda Hebei according to the repayment schedule, Cinda Hebei agrees to waive the remaining debts. This debt restructuring does not constitute a related party transaction, nor does it constitute a major asset restructuring.