(15 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 redeemed an aggregate principal amount of US$112.5 million 13.875% senior notes due 2017, representing its remaining and outstanding principal. Including the senior notes of US$112.5 million redeemed in November 2015, the Company has redeemed all senior notes due 2017 totaling US$225 million.

Aoyuan management commented, “In 2015, we have made a series of successful financing activities both onshore and offshore, which has enhanced Aoyuan’s diversified financing channels and enriched its capital resources. The redemption of senior notes will further lower the funding cost and optimize the debt structure. Looking forward, Aoyuan will continue to adhere to its prudent financial management and facilitate its sustainable business development, thus delivering fruitful returns to its shareholders.”

For details, please refer to the announcement published on HKEx’s website:

http://www.hkexnews.hk/listedco/listconews/sehk/2016/0215/LTN20160215263.pdf

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