China Aoyuan Group Limited announced it intends to redeem all of its outstanding Notes in an aggregate principal amount of USD 498,600,000 of the USD Notes and SGD 91,500,000 of the SGD Notes (the Redeemed Notes) on 29 March 2021 at a redemption price equal to 102% of the principal amount thereof together with all accrued and unpaid interest. The redemption of the Redeemed Notes is in accordance with the respective indenture constituting the relevant Notes by way of the exercise by the Company of its optional redemption right. The board of directors of the Company considers that the redemption of the Redeemed Notes is in the ordinary course of business and does not materially impact the Company's financial position.