New World Development Company Limited announced that results of tender offer. The Tender Offer expired at 4:00 p.m. (London time) on 1 December 2023 (the "Expiration Deadline"). The Board accordingly announces that: (a) as at the Expiration Deadline, USD 188,580,000 in aggregate principal amount of the NWCL Notes;USD 63,609,000 in aggregate principal amount of the 2027 Notes; USD 405,040,000 in aggregate principal amount of the 2029 Notes; USD 209,781,000 in aggregate principal amount of the 2030 Notes; USD 66,790,000 in aggregate principal amount of the 2031 Notes; USD 424,115,000 in aggregate principal amount of the 2021 Securities; and (vii) USD 229,096,000 in aggregate principal amount of the 2022 Securities, have been validly tendered pursuant to the Tender Offer; the Offeror has accepted for purchase USD 610,283,000 in aggregate principal amount of the Target Bonds (the "Final Acceptance Amount"), comprising: USD 95,779,000 in aggregate principal amount of the NWCL Notes, representing approximately 15.96 % of the outstanding aggregate principal amount of the NWCL Notes; USD 28,000,000 in aggregate principal amount of the 2027 Notes, representing approximately 14.00% of the outstanding aggregate principal amount of the 2027 Notes; USD 222,000,000 in aggregate principal amount of the 2029 Notes, representing approximately 23.37 % of the outstanding aggregate principal amount of the 2029 Notes; USD 111,000,000 in aggregate principal amount of the 2030 Notes, representing approximately 19.72 % of the outstanding aggregate principal amount of the 2030 Notes; USD 51,785,000 in aggregate principal amount of the 2031 Notes, representing approximately 40.51% of the outstanding aggregate principal amount of the 2031 Notes; USD 55,600,000 in aggregate principal amount of the 2021 Securities, representing approximately 4.63% of the outstanding aggregate principal amount of the 2021 Securities; and USD 46,119,000 in aggregate principal amount of the 2022 Securities, representing approximately 9.22% of the outstanding aggregate principal amount of the 2022 Securities, each as at the date of this announcement (each a "Series Acceptance Amount") and each at the relevant Purchase Price (each as set out below); in respect of the NWCL Notes, the Purchase Price is USD 900 per USD 1,000 of the principal amount of the NWCL Notes that are validly tendered and accepted for purchase, as determined pursuant to the Modified Dutch Auction Procedure; a Scaling Factor of 50.249000% has been applied to the NWCL Notes that had been validly tendered and accepted for purchase pursuant to the Tender Offer and no Competitive Offers specifying an Offer Price that is higher than the Purchase Price shall be accepted; and on the Tender Offer Settlement Date, the Offeror will pay the Accrued Interest Payment in respect of all validly tendered NWCL Notes accepted for purchase by the Offeror, from (and including) the immediately preceding interest payment date for such Notes, to (but excluding) the Tender Offer Settlement Date; in respect of the 2027 Notes, the Purchase Price is USD 910 per USD 1,000 of the principal amount of the 2027 Notes that are validly tendered and accepted for purchase, as determined pursuant to the Modified Dutch Auction Procedure; a Scaling Factor of 32.130000 % has been applied to the 2027 Notes that had been validly tendered and accepted for purchase pursuant to the Tender Offer and no Competitive Offers specifying an Offer Price that is higher than the Purchase Price shall be accepted; and on the Tender Offer Settlement Date, the Offeror will pay the Accrued Interest Payment in respect of all validly tendered 2027 Notes accepted for purchase by the Offeror, from (and including) the immediately preceding interest payment date for such Notes, to (but excluding) the Tender Offer Settlement Date; following the settlement of the Tender Offer, USD 504,221,000 in aggregate principal amount of the NWCL Notes; USD 172,000,000 in aggregate principal amount of the 2027 Notes; USD 728,000,000 in aggregate principal amount of the 2029 Notes; USD 451,817,000 in aggregate principal amount of the 2030 Notes; USD 76,050,000 in aggregate principal amount of the 2031 Notes;USD 1,144,400,000 in aggregate principal amount of the 2021 Securities; and USD 453,881,000 in aggregate principal amount of the 2022 Securities, will remain outstanding, respectively.