Modern Land (China) Co., Limited announced that on 5 January 2021 (New York Time), the Company, the Subsidiary Guarantors and the Initial Purchasers entered into the Purchase Agreement in connection with the Notes Issue in the aggregate principal amount of USD 250,000,000. Deutsche Bank, Guotai Junan International, Morgan Stanley, Credit Suisse, HSBC, UBS, Haitong International, BofA Securities, Nomura and HeungKong Financial have been appointed as the joint global coordinators, joint bookrunners and joint lead managers in respect of the offer and sale of the Notes under the Notes Issue and Deutsche Bank and HSBC have been appointed as the joint green structuring advisors for the Notes Issue. To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, each of the Initial Purchasers is an independent third party and not a connected person of the Company. The Notes and the Subsidiary Guarantees have not been and will not be registered under the U.S. Securities Act or any state securities laws and, unless so registered, may not be offered or sold within the United States (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. The Notes will only be offered outside the United States in accordance with Regulation S under the Securities Act. None of the Notes will be offered to the public in Hong Kong and none of the Notes will be placed to any connected persons of the Company. Subject to the fulfillment or waiver of the conditions precedent to the Notes Issue, the Company will issue the Notes in the aggregate principal amount of USD 250,000,000 which will mature on 11 April 2023, unless earlier redeemed pursuant to the terms thereof. The offering price of the Notes will be 98.848% of the principal amount with respect to the Notes. The Notes will bear interest from and including 11 January 2021 at the rate of 9.8% per annum, payable semi-annually in arrears on 11 January and 11 July of each year (except that the last payment of interest, to be made on 11 April 2023, will be in respect of the period from and including 11 January 2023 to but excluding 11 April 2023), commencing 11 July 2021.