Sino Ocean : COMPLETION OF TENDER OFFER FOR US$700,000,000 FLOATING RATE GUARANTEED NOTES DUE 2021 ISSUED BY SINO-OCEAN LAND TREASURE IV LIMITED

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities may be offered or sold in the United States absent registration or an exemption from applicable registration requirements. There will be no public offering of securities in the United States. None of the Notes will be offered to the public in Hong Kong.

This announcement is not for distribution, directly or indirectly, in or into the United States.

SINO-OCEAN GROUP HOLDING LIMITED

遠洋集團控股有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 03377)

(the "Company")

COMPLETION OF TENDER OFFER FOR

US$700,000,000 FLOATING RATE GUARANTEED NOTES DUE 2021

(Stock Code: 05131)

(ISIN: XS1839375539; Common Code: 183937553)

ISSUED BY

SINO-OCEAN LAND TREASURE IV LIMITED

遠洋地產寶財IV有限公司

(Incorporated in the British Virgin Islands with limited liability)

Reference is made to the announcements of the Company dated 21 April 2021 and 30 April 2021 in relation to the Tender Offer (collectively, the "Tender Offer Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Tender Offer Announcements.

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The Company hereby announces that on 5 May 2021, the Company had completed the purchase of an aggregate principal amount of US$214,385,000 of the Floating Rate Guaranteed Notes (the "Purchased Notes"), representing approximately 30.63% of the outstanding principal amount of US$700,000,000 prior to the Tender Offer.

The Purchased Notes had been cancelled. After cancellation of the Purchased Notes, the aggregate outstanding principal amount of the Floating Rate Guaranteed Notes is US$485,615,000.

By order of the Board

Sino-Ocean Group Holding Limited

CHUNG Kai Cheong

Company Secretary

Hong Kong, 6 May 2021

As at the date of this announcement, the board of directors of the Company comprises:

Executive directors:	Non-executive directors:	Independent non-executive directors:
Mr. LI Ming	Ms. HUANG Xiumei	Mr. HAN Xiaojing
Mr. WANG Honghui	Mr. FU Fei	Mr. SUEN Man Tak
Mr. CUI Hongjie	Mr. HOU Jun	Mr. WANG Zhifeng
	Ms. LI Liling	Mr. JIN Qingjun
		Ms. LAM Sin Lai Judy

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