The Board of Greenland Hong Kong Holdings Limited announced that the company issued CNY denominated bonds in the principal amount of CNY 1,500,000,000 by way of private placement on 23 January 2014. Goldman Sachs (Asia) L.L.C. acted as the placing agent for the issue of the Bonds. To assist the company in meeting its obligations under the Bonds and the Trust Deed, Greenland Holding has entered into a keepwell deed and a deed of equity interest purchase undertaking on terms which are substantially similar to those it entered into in connection with the company's $700,000,000 4.75% Bonds due 2016, details of which were announced on 11 October 2013.

Interest: 5.50% per annum payable semi-annually in arrears on 23 January and 23 July in each year. Date of maturity: 23 January 2018. The company currently intends to apply the net proceeds from the issue of the Bonds for financing existing and new property projects and for general corporate purposes.

The Bonds were offered only outside of the United States in reliance on Regulation S under the Securities Act. The Bonds have not been and will not be registered under the Securities Act. None of the Bonds were offered to the public in Hong Kong or to any connected person of the company.