Gemdale : ANNOUNCEMENT ON THE ISSUA...

Stock Code: 600383 Stock Abbreviation: GEMDALE CORPORATION Announcement No.:2021-062

Gemdale Corporation

Scientific Building

ANNOUNCEMENT ON THE ISSUANCE OF THE SIXTH

TRANCHE OF MEDIUM-TERM NOTES FOR 2021

The Board of Directors of the Company and all its directors hereby warrant that there are no false representations, misleading statements or material omission in this announcement, and they individually and collectively accept full responsibility for the truthfulness, accuracy and completeness of the contents contained herein.

The 2020 annual general meeting of Gemdale Corporation convened on 11 May 2021 considered and approved the Resolution on Issuance of Debt Financing Instruments of the Company, the specific details of which are set out in the Announcement on the Resolution Passed at the 2020 Annual General Meeting of Gemdale Corporation (Announcement No.: 2021-028) published by the Company on the China Securities Journal, the Shanghai Securities News, the Securities Times and the website of the Shanghai Stock Exchange.

On 20 October 2021, the Company received the Notice of Registration Acceptance (Zhongshixiezhu [2021] MTN No. 874) issued by the National Association of Financial Market Institutional Investors (the "Association"), pursuant to which the Association approved the registration of the medium-term notes of the Company with a registration amount of RMB 4.7 billion which was valid for two years commencing from the date of issuance of the Notice of Registration Acceptance by the Association. Agricultural Bank of China Limited and Shanghai Banking Corporation were the lead underwriters.

On 10 November 2021, the Company completed the issuance of the sixth tranche of medium-term notes for 2021 of RMB1.5 billion under the abovementioned Notice of Registration Acceptance. This tranche of medium-term notes products is abbreviated as "21 Gemdale MTN" with a product code of "102102274" and at an issuance size of RMB1.5 billion. The term of the issuance was 3 years at an issuance rate of 4.17%, commencing from 10 November 2021 to 10 November 2024. The nominal value of the medium-term notes issued at par value was RMB100, with an annually payable interest.

Please refer to the website of Chinamoney (www.chinamoney.com.cn) and the website of Shanghai Clearing House (www.shclearing.com) for the relevant documents for the issuance of the medium-term notes of the Company.

Board of Directors of Gemdale Corporation

11 November 2021