China Agri-Products Exchange Limited dated 30 May 2014, 11 June 2014, 26 June 2014, 2 July 2014, 10 July 2014, 18 July 2014, 29 July 2014, 26 August 2014, 6 October 2014 and 7 October 2014, respectively in respect of issuance of 1% notes due 2024 (the "Notes") under the HKD 1,000,000,000 medium term note programme with ISIN number XS1073451913 and the announcements of the Company dated 29 January 2018, 8 March 2018, 25 August 2022, 13 October 2022, 21 October 2022, 6 January 2023 and 12 April 2023, respectively in respect of the repurchase and cancellation of part of the Notes. On 7 July 2023 and 31 July 2023, the Company further repurchased part of the Notes in an aggregate principal amount of HKD 20 million of the outstanding Notes (the "Repurchased Notes") via open market, representing 5%, and together with other Notes previously repurchased and cancelled, representing 70% of the aggregate principal amount of the Notes originally issued. The repurchases were funded by internal resources.

The Repurchased Notes shall be cancelled as soon as practicable after repurchases. After cancellation of the Repurchased Notes, the aggregate principal amount of the Notes remaining outstanding will be HKD 120 million, representing approximately 30% of the initial aggregate principal amount of the Notes. The board of directors of the Company (the "Board") considers that there will be no material financial impact on the financial position of the Company as a result of the aforesaid repurchases of the Repurchased Notes and believes that the repurchases of the Notes will reduce the Company's future financial expenses and lower its financial gearing level, and are therefore in the interests of the Company and its shareholders as a whole.