Ronshine China provides update on total recent bond purchases

Chicago, Nov. 12 – Ronshine China Holdings Ltd. updated the market regarding recent buybacks of senior notes.

The company said that it has repurchased $112.05 million of its notes in 2021.

The rationale for the buybacks is the company wishes to maintain the stability of bond prices, enhance market confidence and promote sustainable development of the company.

The company intends to continue buying back senior notes when appropriate.

All of the notes repurchased notes will be canceled in accordance with their terms and governing indentures.

Ronshine is based in Fuzhou, China.

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