Modern Land (China) Co., Limited Announced Results of Offer to Purchase the Outstanding 7.95% Senior Notes Due 2021. As at the Expiration Deadline, USD 15,009,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer. Subject to the terms and conditions of the Offer, the Company will accept for purchase such validly tendered Notes in full (the "Accepted Notes"). The Accepted Notes repurchased by the Company will be cancelled and will cease to be outstanding on or about September 14, 2020 (the "Settlement Date"). Payment of the purchase price and the accrued and unpaid interest in respect of the Accepted Notes from and including the interest payment date of September 5, 2020 up to, but excluding, the Settlement Date will be made on or about the Settlement Date. The aggregate amount to be paid by the Company to holders of the Accepted Notes for repurchase of the Accepted Notes is approximately USD 15,113,875.39. The Company currently expects that, following settlement of the Offer, USD 219,995,000 in aggregate principal amount of the Notes will remain outstanding.