Sunshine 100 China Holdings Ltd released a quarterly update on 30 June 2026 detailing progress in its multi-step plan to lift the auditors’ disclaimer of opinion issued for the year ended 31 December 2025.

Borrowing Extensions • The group has successfully rolled over RMB35.20 million in interest-bearing borrowings for terms of one to three years, addressing near-term refinancing pressure.

Debt Restructuring and Financing • Offshore debt restructuring discussions continue, alongside talks with existing creditors to withhold enforcement actions and with potential lenders and investors for new financing solutions. All negotiations remain in progress, with no definitive agreements announced.

Asset Management and Sales • Rental income from investment properties reached RMB21.70 million in the first quarter of 2026. • New pre-sale and sale contracts for properties under development and completed units totaled RMB20.80 million. • Management is actively pursuing disposals of investment properties and whole development projects, though market conditions may prolong negotiations.

Liquidity and Cost Controls • Legal actions have been initiated to recover outstanding receivables; one case has already resulted in a favorable judgment. • Cash operating expenses have been reduced as at 30 June 2026. • Talks with local tax authorities are ongoing to defer Land Appreciation Tax settlement.

Outlook and Disclosure Plan Sunshine 100 acknowledges the challenging property market and tight credit environment but intends to maintain the above measures while exploring cooperation with larger developers. The company will continue to release updates every three months until the going-concern issue is resolved and will disclose any material developments as appropriate.