361 Degrees International Limited announced that reference is made to the announcements of the Company dated 18 May 2016, 24 May 2016 and 3 June 2016 and the formal notice dated 3 June 2016 regarding the issue of USD 400,000,000 7.25% senior unsecured notes due 2021 (the "Notes") and the announcements of the Company regarding the partial repurchases of the Notes with an aggregate principal amount of USD 85,890,000 (representing approximately 21.47% of the initial aggregate principal amount of the Notes) dated 6 June 2019, 21 November 2019, 30 January 2020 and 13 February 2020 respectively (together, the "Announcements"). Capitalised terms used in herein shall have the same meanings as those defined in the Announcements unless otherwise stated. The Board announces that as at the date of this announcement, the Company has further repurchased an aggregate principal amount of USD 20,100,000 of the Notes (the "Repurchased Notes") in the open market, representing approximately 5.03% of the initial aggregate principal amount of the Notes. All the Notes repurchased have been or will be cancelled (as the case may be). After cancellation of the Repurchased Notes, the remaining aggregate principal amount of the Notes outstanding will be USD 294,010,000 representing approximately 73.50% of the initial aggregate principal amount of the Notes. The Company may further repurchase the outstanding Notes in the open market if and when appropriate, taking into account factors such as market conditions and price of the Notes.