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.
金 茂 酒 店
(As constituted pursuant to a deed of trust on 13 June 2014 under the laws of Hong Kong,
the trustee of which is Jinmao (China) Investments Manager Limited)
Jinmao (China) Hotel Investments and Management Limited
金 茂（ 中 國 ）酒 店 投 資 管 理 有 限 公 司
(Registered in the Cayman Islands with limited liability)
(Stock Code: 06139)
PROPOSED ISSUE OF SUPER & SHORT-TERM COMMERCIAL PAPER
This announcement is made by Jinmao (China) Investments Manager Limited (the "Trustee-Manager", as trustee-manager of Jinmao Hotel) and Jinmao (China) Hotel Investments and Management Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The boards of directors of the Trustee-Manager and the Company (the "Boards") are pleased to announce that China Jin Mao (Group) Co., Ltd. ("China Jin Mao (Group)"), a wholly-owned subsidiary of the Company, based on the application approval notice (Reference No. Zhong Shi
Xie Zhu  SCP31) issued by National Association of Financial Market Institutional Investors (中國銀行間市場交易商協會) (the "Association") in the People's Republic of China (the "PRC")
on 12 February 2018, has successfully registered its Super & Short-term Commercial Paper (the "SCP"). The registered amount of the SCP is RMB2 billion and shall be valid for a period of two years commencing from 12 February 2018. China Jin Mao (Group) may issue the SCP in multiple tranches on a rolling basis within the registration effective period. On 3 February 2020,
the Association issued the "Notice on further efforts to prevent and control the epidemic situation in the debt financing market services"《( 關於進一步做好債券融資工具市場服務疫情防控工作的 通知》)(the "Notice") to ensure the steady operation of the PRC national inter-bank bond market
in view of the current 2019 novel coronavirus outbreak in the PRC. Pursuant to the Notice, the Association has permitted the registration effective period of all registered or recorded items which have expired or will expire in February or March 2020 to be extended to the end of March 2020, with the issue payment date no later than the end of March 2020. Accordingly, the registration effective period of the SCP has been extended to the end of March 2020.
On 14 February 2020, China Jin Mao (Group) proposes to issue the SCP in the national inter-bank market in the PRC, which is the first tranche issued in 2020. The total principal amount of the SCP is expected to be RMB0.8 billion and the coupon rate shall be determined through the centralised book-building process and subject to market conditions and indication of interest from investors. The proceeds raised from the SCP are intended to be used to supplement the working capital of China Jin Mao (Group).