(3 January, 2019 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) is pleased to announce that the Company successfully further issued US$275 million 7.95% senior notes at par due 2021. Total issue size of the series including the original notes issued in August, 2018, was US$500 million.

The estimated net proceeds of the new notes (after deducting the underwriting discount and other estimated expense payable in connection with this offering) will amount to approximately US$278 million. The Company intends to use the proceeds to refinance its existing indebtedness. The joint lead managers and the joint bookrunners of the new notes are (in alphabetical order) AMTD, Bank of America Merrill Lynch, Deutsche Bank, Guotai Junan International, Haitong International, J.P. Morgan, OCBC Bank, Silk Road International and UBS.

Aoyuan management commented, “Aoyuan opened the Asia USD bond market in 2019 and received overwhelming responses from international capital markets with 3.6 times oversubscription. Aoyuan recorded a 100% y-o-y increase in contracted sales to approximately RMB91.28 billion in 2018, and achieved 125% of its full-year target. Aoyuan continued to achieve breakthrough with over 60% of compound annual growth rate (CAGR) from 2012 to 2018. Aoyuan will continue to strive for robust business growth while maintaining its prudent financial management, diversifying its onshore and offshore financing channels and ensuring financial security of the Company, so as to deliver fruitful returns to shareholders and investors.”