Modern Land (China) Co., Limited on December 29, 2023, all outstanding 2023 Notes were redeemed by the Company pursuant to the notice of redemption dated December 22, 2023. The Redemption Price was paid in kind with the 2023 New Notes in an aggregate principal amount of USD 85,666,614, which were issued pursuant to an indenture dated December 29, 2023 entered into by and among the Company, the Subsidiary Guarantors and Citicorp International Limited, as trustee for the 2023 New Notes.