(1 Feb 2016 - 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 signed a three-year syndicated loan agreement with Nanyang Commercial Bank, Limited, Nanyang Commercial Bank (China) Limited and Bank of China
Limited, Macau Branch. The facility is upsized to US$180 million from the existing facility of US$100 million which was announced in August 2015.

The added US$80 million loan will bear interest at the rate of LIBOR plus 5% per annum, down 1.5 percentage point from the existing interest rate. The proceeds will be used for refinancing the Company’s debts.

Aoyuan management commented, “With a more favorable annual interest rate, the loan facility helps further lower Aoyuan’s borrowing cost and optimize debt structure, therefore reaffirming the banks’ recognition on the Company. We will continue to maintain prudent financial management, while actively exploring and maintaining diversified onshore and offshore financing channels as well as steadily facilitating the business development, thus delivering fruitful returns to our shareholders.”

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