Sino-Ocean Group Holding Limited announced that reference is made to the announcements of the Company dated 6 July 2021, 7 July 2021, 13 July 2021 and 14 July 2021 in relation to the Original Notes and 27 January 2022 in relation to the proposed further issue of the New Notes. The Board announced that on 27 January 2022 (after trading hours of the Stock Exchange), the Company, together with the Issuer, entered into the Subscription Agreement with the Joint Lead Managers in connection with the further issue of the New Notes in the principal amount of $200,000,000. The New Notes, when issued, will be consolidated and form a single series with the Original Notes.

The estimated net proceeds of the further issue of the New Notes, after deducting any discount, fees, commissions and expenses payable in connection with the further issue of the New Notes, is approximately $179,500,000. The Group intends to use the net proceeds to repay the existing medium and long-term external indebtedness of the Company and/or its subsidiaries due within one year and in accordance with the green finance framework of the Group. The offering price of the New Notes will be 90.252% of the principal amount of the New Notes.