The board of directors of Shimao Property Holdings Limited announced that pursuant to the facility agreement January 6, 2017 and entered into between, among others, the company as borrower, Shanghai Pudong Development Bank Baoshan Branch, Bank of Shanghai Xu Hui Sub-branch and Shanghai Rural Commercial Bank Baoshan Branch as original lenders, Shanghai Pudong Development Bank Baoshan Branch as the lead bank and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch as agent, a syndicated loan facility in the amount of RMB 3,000,000,000 will be made available to the company for a term of 36 months from the date of drawdown of the Loan Facility.