Pursuant to the terms of the Indenture dated as of 15 February 2019 (as amended or supplemented from time to time), among Sunac China Holdings Limited, the Subsidiary Guarantors and DB Trustees (Hong Kong) Limited, as trustee entered into in connection with the issuance of the 2022 Notes, the Company announced that it has informed the Trustee and holders of the 2022 Notes that all of the outstanding 2022 Notes will be redeemed in full on 21 February 2021 at a redemption price equal to 102.0% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the Redemption Date the Redemption Price). As the Redemption Date is not a business day, pursuant to the terms of the Indenture governing the 2022 Notes, the Redemption Price will become due and payable on 22 February 2021 (being the next succeeding business day after the Redemption Date). As of the date of this announcement, the outstanding principal amount of the 2022 Notes is USD 800 million. Upon redemption of the outstanding 2022 Notes, the 2022 Notes will be cancelled and delisted from the Singapore Exchange Securities Trading Limited accordingly.