RSUN SER (01971) announced that it has pledged a total of 302 million ordinary shares (the pledged shares) to Serica Agency Limited (the pledgee) as collateral for certain notes issued by Hongsheng Limited, as part of the restructuring plan completed on August 19, 2024. On October 21, 2025, the pledgee reportedly took action to enforce its rights over the pledged shares and appointed Wong Wing Sze Tiffany and Edward Simon Middleton (the receivers) as joint and several receivers and managers. As of the date of this announcement, the pledged shares, representing 302 million ordinary shares of the company, account for approximately 72.77% of the company's total issued share capital. The board has been made aware that Hongyang Service (Holdings) Group Limited is seeking legal advice concerning this matter to protect its rights to the pledged shares. Furthermore, the company has received a notice from the receivers and managers and is currently seeking legal advice on this issue. The board believes that the company's operations and financial condition are normal at present and, since the company is not a party to this matter, it will not have a significant impact on the company's business operations, financial condition, or solvency.