Yuzhou Properties : COMPLETION OF THE TENDER OFFER OF THE 8.625% SENIOR NOTES DUE 2022

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 is not an offer of securities for sale or the solicitation of an offer to buy securities in the United States or in any country or jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such country or jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company has not registered and does not intend to register any of the securities referred to in this announcement in the United States.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01628)

US$500 MILLION 8.625% SENIOR NOTES DUE 2022

(Stock Code: 5561)

(ISIN: XS1938265474; Common Code: 193826547)

COMPLETION OF THE TENDER OFFER OF

THE 8.625% SENIOR NOTES DUE 2022

Reference is made to the announcements made by the Company on 21 November 2019 and 4 December 2019 in relation to the tender offer regarding the repurchase of the 8.625% senior notes due 2022 (collectively, the "Tender Offer Announcements"). Unless otherwise defined herein, capitalized 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 December 2019, the Company completed the repurchase of an aggregate principal amount of US$257,931,000 of the 2022 II Notes (the "Repurchased Notes"), representing approximately 51.59% of the outstanding principal amount of US$500 million prior to the Tender Offer.

The Repurchased Notes were cancelled. After cancellation of the Repurchased Notes, the aggregate outstanding principal amount of the 2022 II Notes is US$242,069,000.

By order of the Board

Yuzhou Properties Company Limited

Lam Lung On

Chairman

Hong Kong, 6 December 2019

As at the date of this announcement, the executive directors of the Company are Mr. Lam Lung On (Chairman, J.P.), Ms. Kwok Ying Lan, Mr. Lin Conghui and Ms. Lam Yu Fong, the non-executive director of the Company is Ms. Xie Mei, and the independent non-executive directors of the Company are Mr. Lam Kwong Siu, Mr. Wee Henny Soon Chiang and Dr. Zhai Pu.

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