The previous post is about the Rubik’s Magic Rings Master Edition, circa 1987. This is the second challenge and has 12 flat panels. The first challenge from 1986 has only 3 rings and has a black background and only 8 panels. The picture is of one of the solutions the other kind of zigzags and looks like unlinked Olympic rings. You fold and unfold to get to the solutions.
I received one of these for Christmas when I was around 8 years old. My cousin broke it and I have wanted another ever since.