China Logistics Property Holdings Co. Ltd. commenced the offering to purchase for cash any and all of its outstanding 2022 Exchange 8.75% Senior Notes Due 2022 from Holders. The Change of Control Offer is subject to the terms and conditions in the Change of Control Tender Offer Memorandum, including certain customary conditions.

The Company reserves the right, in its sole discretion, to waive any and all conditions. As disclosed in the Rule 3.5 Announcement, under the Indenture, Completion constituted a change of control of the Company, and accordingly, the Company is therefore required to make the Change of Control Offer. Failure to make such offer would be expected to constitute an event of default under the Indenture.

The price payable by or on behalf of the Company for any 2022 Exchange Notes validly tendered before the Expiration Deadline and accepted by the Company will be equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date. For illustrative purpose, the total consideration for each USD 1,000 in principal amount of the 2022 Exchange Notes tendered and accepted for purchase pursuant to the Change of Control Offer is USD 1,010, plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date. The Company will accept for purchase all validly tendered 2022 Exchange Notes pursuant to Tender Instructions.

If the Company accepts a Tender Instruction, the relevant Holder will receive the relevant Purchase Consideration for the relevant 2022 Exchange Notes on the Offer to Purchase Payment Date. Procedures for Tendering 2022 Exchange Notes in the Change of Control Offer: To tender 2022 Exchange Notes in the Change of Control Offer, a Holder should deliver, or arrange to have delivered on its behalf, a valid Tender Instruction by the Expiration Deadline. Tender Instructions must be submitted in respect of a principal amount of 2022 Exchange Notes of no less than the minimum denomination of USD 200,000 and any multiple of USD 1,000 in excess thereof.