Six directors, supervisors, and senior executives of RiseSun Real Estate plan to increase their holdings of company shares within three months starting June 30, at a price not exceeding 1.20 yuan per share, with a total amount of no less than 15 million yuan and no more than 20 million yuan. This share increase includes core management such as the vice chairman, board secretary, and vice president, and the funding sources have been secured in advance. The announcement does not contain the usual risk warning about funds possibly not being available in time. After the increase, the personal interests of management will be directly tied to the company's long-term operations and share price performance. The company stated this will force the team to accelerate the revitalization of existing assets, strictly control operating costs, and advance debt resolution. Recently, several real estate companies have also launched share support actions. Shanghai Chengtou Holding plans to repurchase shares worth 50 million to 100 million yuan, and Huafa Industrial has completed a 310 million yuan share repurchase. RiseSun Real Estate's first-quarter revenue fell 55.65 percent year-on-year, with a net loss of 659 million yuan. Since the beginning of this year, it has extended 459 million yuan in financial debt, resolved 155 million yuan in financial debt principal, reduced or waived interest of 382 million yuan, and completed 706 million yuan in operating debt resolution. It is also exploring second growth curves such as property service intelligent robots.
Risesun Real Estate Development Co LtdSix senior executives plan to increase holdings with at least 15 million yuan, signaling confidence and directly tying management interests to share price.
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