Country Garden Holdings Company Limited, the Subsidiary Guarantors and the Subsidiary Guarantor Pledgors entered into the Purchase Agreement with the Initial Purchasers in connection with the Notes Issue in the aggregate of: USD 500,000,000 2.7% of the 2026 Notes; and USD 700,000,000 3.3% of the 2031 Notes. The Company intends to use the net proceeds of the Notes Issue for refinancing existing medium to long term offshore indebtedness, which will become due within one year. The 2026 Notes will bear interest from and including 12 January 2021 at the rate of 2.7% per annum, payable semi-annually in arrears on 12 July and 12 January each year, beginning on 12 July 2021. The 2031 Notes will bear interest from and including 12 January 2021 at the rate of 3.3% per annum, payable semi-annually in arrears on 12 July and 12 January each year, beginning on 12 July 2021. At any time, the Company may at its option redeem the 2026 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2026 Notes redeemed plus the applicable premium as of, and accrued and unpaid interest, if any, to the redemption date. The Company will give not less than 30 days' nor more than 60 days' notice of any redemption.