Modern Land (China) Co., Limited announced that it will issue 15.5% senior notes due 2020 in the aggregate principal amount of USD 150,000,000 and will bear interest from and including January 2, 2019 at a rate of 15.5% per annum. Interest will be paid semi-annually and in arrears on January 2 and July 2 of each year, commencing on July 2, 2019. Unless previously repurchased, cancelled or redeemed, the Notes will mature on July 2, 2020. At any time and from time to time prior to July 2, 2020, the company may redeem up to 35% of the Notes, at a redemption price of 115.5% of the principal amount, plus accrued and unpaid interest, if any, in each case, using the net cash proceeds from sales of certain kinds of capital stock. In addition, the company may redeem the Notes at any time prior to July 2, 2020, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus (i) accrued and unpaid interest (if any) to (but not including) the redemption date and (ii) a premium as set forth in this offering memorandum.