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Aoyuan Values Corporate Credibility and Ensures Fund Safety
Funds Deposited into Designated Account On Time for Redemption of RMB1.5 Billion Domestic Corporate Bond Due October 2021

  (8 October 2021 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces that the Company has deposited funds into the designated bank account of China Securities Depository and Clearing Corporation Limited Shanghai Branch for redemption of RMB1.5 billion domestic corporate bond together with accrued interest on 12 October 2021.

  Aoyuan management commented, “In the first nine months of 2021, Aoyuan achieved property contracted sales totaling RMB98.5 billion, up 18% y-o-y; Aoyuan recorded remarkable results during the ‘National Day Golden Week’ in October, achieving sales of over RMB5 billion. Meanwhile, Aoyuan has always valued corporate credibility and is committed to prudent capital management with refinancing arrangement planned in advance. Upon the redemption of RMB1.5 billion domestic corporate bond on 12 October 2021, Aoyuan will have redeemed all the domestic corporate bonds due in 2021, and there are no domestic corporate bonds due in 2022. Aoyuan has also completed redemption of all the offshore US dollar bonds due in 2021. On 27 September 2021, Aoyuan introduced Chairman Lee Ka Kit of Henderson Land Development Co., Ltd. as a strategic investor, while Chairman Guo Zi Wen of Aoyuan is also subscribing for new shares of the Company, involving a total consideration of HK$1 billion. This helps broaden the Company’s shareholder and capital base, as well as manifests confidence in the Company’s prospects. Aoyuan will continue optimizing its credit indicators and accelerating capital recycling through stepping up sales and cash collection to ensure fund safety, underpinning the drive for quality and sustainable development.”