Far East Horizon : MEDIUM TERM NOTE DRAWDOWN UNDER THE MEDIUM TERM NOTE AND PERPETUAL SECURITIES PROGRAMME BY FAR EAST HORIZON 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 offer to acquire, purchase or subscribe for the securities referred to herein.

This announcement is not, and is not intended to be, an offer of securities of the Company for sale, or the solicitation of an offer to buy securities of the Company, in the United States or elsewhere. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States or other jurisdiction, and the securities may not be offered or sold within the United States (as defined in Regulation S under the Securities Act) except pursuant to an exemption under, or in a transaction not subject to, the Securities Act and applicable state or local securities laws. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States. No public offer of the securities referred to herein is being or will be made in the United States.

(incorporated in Hong Kong with limited liability)

(Stock Code: 3360)

VOLUNTARY ANNOUNCEMENT

MEDIUM TERM NOTE DRAWDOWN UNDER

THE MEDIUM TERM NOTE AND

PERPETUAL SECURITIES PROGRAMME

BY FAR EAST HORIZON LIMITED (遠東宏信有限公司)

Reference is made to the Company's announcement dated 31 May 2019 in relation to the update of the Programme whereby the Company has the option of offering and issuing medium term note and/or securities under the Programme.

The Board is pleased to announce that on 11 February 2020, the Company and the Joint Lead Managers entered into the Subscription Agreement to carry out a drawdown under the Programme to offer and issue the Drawdown Notes in an aggregate nominal amount of US$300,000,000 on 18 February 2020, which are exempt from the registration requirements under the Securities Act. The Drawdown Notes are denominated in United States dollars.

The Drawdown Notes are expected to be rated BBB- by S&P and BBB- by Fitch. Such rating of the Drawdown Notes does not constitute a recommendation to buy, sell, or hold the Drawdown Notes and may be subject to revision or withdrawal at any time by S&P or Fitch. Such rating should be evaluated independently of any other rating of the other securities of the Company or rating of the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

Application has been made to the Stock Exchange for the listing of, and permission to deal in the Drawdown Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Listing Rules and in the SFO) only. Permission to deal in the Drawdown Notes is expected to become effective on or about 19 February 2020.

This is a voluntary announcement made by the Company.

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MEDIUM TERM NOTE DRAWDOWN UNDER THE MEDIUM TERM NOTE AND PERPETUAL SECURITIES PROGRAMME BY THE COMPANY

Reference is made to the Company's announcement dated 31 May 2019 in relation to the update of the Programme whereby the Company has the option of offering and issuing medium term note and/or securities under the Programme.

The Board is pleased to announce that on 11 February 2020, the Company and the Joint Lead Managers entered into the Subscription Agreement to carry out a drawdown under the Programme to offer and issue the Drawdown Notes in an aggregate nominal amount of US$300,000,000 on 18 February 2020, which are exempt from the registration requirements under the Securities Act. The Drawdown Notes are denominated in United States dollars.

PRINCIPAL TERMS OF THE DRAWDOWN NOTES

Issuer	:	Far East Horizon Limited (遠東宏信有限公司)
Joint Global	:	Australia and New Zealand Banking Group Limited, China
Coordinators and		CITIC Bank International Limited, DBS Bank Ltd., Guotai Junan
Joint Lead Managers		Securities (Hong Kong) Limited and The Hongkong and Shanghai
		Banking Corporation Limited
Joint Lead Managers and	:	AMTD Global Markets Limited, China International Capital
Joint Bookrunners		Corporation Hong Kong Securities Limited and SinoPac Securities
		(Asia) Limited
Issue Currency	:	United States dollars
Issue Size	:	US$300,000,000
Issue Price		99.881% of the aggregate nominal amount of the Drawdown
	:	Notes
Coupon	:	3.375%
Pricing Date	:	11 February 2020
Issue Date	:	18 February 2020

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The Drawdown Notes are expected to be rated BBB- by S&P and BBB- by Fitch. Such rating of the Drawdown Notes does not constitute a recommendation to buy, sell, or hold the Drawdown Notes and may be subject to revision or withdrawal at any time by S&P or Fitch. Such rating should be evaluated independently of any other rating of the other securities of the Company or rating of the Company.

Application has been made to the Stock Exchange for the listing of, and permission to deal in the Drawdown Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Listing Rules and in the SFO) only. Permission to deal in the Drawdown Notes is expected to become effective on or about 19 February 2020.

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DEFINITIONS

"Board"

"Company"

"Directors"

"Drawdown Notes"

"Fitch"

"Hong Kong"

"Joint Lead Managers"

"Listing Rules"

"Programme"

"S&P"

"SFO"

"Stock Exchange"

"Subscription Agreement"

"US$"

"%"

the board of Directors of the Company

Far East Horizon Limited (遠東宏信有限公司), whose shares are listed on the main board of the Stock Exchange

the directors of the Company

US$300,000,000 3.375 per cent. Notes due 2025 offered and issued by the Company pursuant to a drawdown under the Programme, as set out in this announcement

Fitch Ratings Limited

the Hong Kong Special Administrative Region of the People's Republic of China

AMTD Global Markets Limited, Australia and New Zealand Banking Group Limited, China CITIC Bank International Limited, China International Capital Corporation Hong Kong Securities Limited, DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Limited, SinoPac Securities (Asia) Limited and The Hongkong and Shanghai Banking Corporation Limited

the Rules Governing the Listing of Securities on the Stock Exchange

the US$4,000,000,000 medium term note and perpetual securities programme of the Company

S&P Global Ratings, a division of S&P Global Inc.

the Securities and Futures Ordinance (Cap. 571) of Hong Kong

The Stock Exchange of Hong Kong Limited

the subscription agreement dated 11 February 2020 entered into between the Company and the Joint Lead Managers in relation to the issue of the Drawdown Notes

United States dollars, the lawful currency of the United States of America

per cent.

By order of the Board

Far East Horizon Limited

KONG Fanxing

Chief Executive Officer and Executive Director

Hong Kong, 18 February 2020

As at the date of this announcement, the executive directors of the Company are Mr. KONG Fanxing and Mr. WANG Mingzhe, the non-executive directors of the Company are Mr. NING Gaoning (Chairman), Mr. YANG Lin, Mr. LIU Haifeng David, Mr. KUO Ming-jian and Mr. John LAW, and the independent non-executive directors of the Company are Mr. CAI Cunqiang, Mr. HAN Xiaojing, Mr. LIU Jialin and Mr. YIP Wai Ming.

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