(July 11, 2018 – Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company has secured a three-year offshore club loan agreement of approximately HK$3.2 billion in aggregate, with Nanyang Commercial Bank, Hang Seng Bank, Chiyu Banking Corporation, China Minsheng Banking Corporation Hong Kong Branch, Industrial and Commercial Bank of China (Asia), Wing Lung Bank, Industrial Bank Hong Kong Branch and Shanghai Pudong Development Bank Hong Kong Branch.

The club loan will bear an interest rate of three-month HIBOR plus 3.95% per annum. The proceeds will be mainly used for refinancing the existing offshore debt.

Aoyuan management commented, “Backed by numerous banks, this offshore club loan reaffirms the banks’ confidence in Aoyuan’s comprehensive strength and prospects. Aoyuan has raised an aggregate of approximately HK$6.6 billion through its successful issuance of US$425 million offshore senior notes in May and June 2018 and this club loan, further optimizing its short-term debt structure. Aoyuan will continue to maintain its prudent financial management and diversify its onshore and offshore financing channels, so as to build a solid foundation for its robust and sustainable growth.”

For more details of the three tranches of club loan, please refer to the Hong Kong Stock Exchange's website:

14 March 2018: General Disclosure Under Rule 13.18 of the Listing Rules

30 April 2018: General Disclosure Under Rule 13.18 of the Listing Rules

11 July 2018: General Disclosure Under Rule 13.18 of the Listing Rules