The estimated net proceeds of the Notes Issue, after deduction of the underwriting discount and other estimated expense payable in connection with this offering, will amount to approximately US$290 million and the Company intends to use the net proceeds to refinance its existing indebtedness and for general corporate purposes. UBS AG, Hong Kong Branch is the sole global coordinator of this notes issuance transaction and UBS AG, Hong Kong Branch, ABCI Capital Limited and Haitong International Securities Company Limited are the joint lead managers and joint bookrunners of this notes issuance transaction.

Management commented, "The senior notes we issued were well received by the international capital markets and were oversubscribed 4.2 times, which affirmed the overall competitiveness and development direction had gained recognition and favor of investors. Meanwhile, the proceeds raised will further optimize the Company’s debt structure, providing healthier and solid environment for further development. In 2014, we will maintain the effective product strategy of ‘developing commercial and residential properties in parallel’ and the development strategy of ‘rapid development and rapid sales’ to continue to create fruitful returns for our shareholders and investors persistently.”