Last week, Sunshine City announced that the 22-year and 24-year notes were about $654.38+0.6 billion and $300 million respectively. At the same time, Sunshine City has not paid the principal and related interest of the 2022 notes, and there is still a 30-day grace period to pay the interest of the related notes in 2024, so it needs to repay about 400 million US dollars in total. Sunshine City said that all this was due to the economic environment, real estate, financial related laws and policies, epidemic situation and other reasons, resulting in two bills can not be repaid. Sunshine City is actively evaluating assets and restructuring debts.