(July 26, 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 successfully further issued US$175 million 6.35% senior notes due 2020.

        The estimated net proceeds of the new notes (after deducting the underwriting commission and other estimated expense payable in connection with this offering) will amount to approximately US$170.7 million. The Company intends to use the proceeds to refinance its existing indebtedness and for general working capital. The joint lead managers and the joint bookrunners of the new notes are (in alphabetical order) AMTD, China Industrial Securities International, China Merchants Securities (HK), Deutsche Bank, and OCBC Bank.

        Aoyuan management commented, “The further issuance of the USD senior notes was well received by the global capital markets and was oversubscribed by 4.3 times. Aoyuan has raised an aggregate of approximately HK$7.9 billion offshore in 2018 through its successful issuance of US$425 million three-year senior notes, an aggregate of HK$3.2 billion three-year club loan and this further issuance, 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.”