Modern Land (China) Co., Limited announced that the offer was completed on March 8, 2021. Subject to the terms and conditions contained in the Offer to Purchase, the amount payable per principal amount of the Notes validly tendered at or prior to the Expiration Deadline was USD 1,027.5 for each USD 1,000 in principal amount of the Notes. The final aggregate principal amount of the Notes accepted for purchase was USD 49,998,000. The Notes repurchased pursuant to the Offer have been cancelled. The aggregate amount paid by the Company to holders of the Accepted Notes for repurchase of the Accepted Notes is approximately USD 53,746,530.49 (which includes the accrued and unpaid interest in respect of the Accepted Notes from and including the interest payment date of October 25, 2020 up to, but excluding March 8, 2020).