Powerlong Real Estate Holdings Limited announced that The Tender Offer expired on December 28, 2020 (the "Expiration Deadline"). As at the Expiration Deadline, USD 120,942,000 principal amount of the Notes, representing approximately 60.47% of the USD 200,000,000 total aggregate principal amount of the Notes outstanding as at such date, had been tendered. In accordance with the terms of the Offer to Purchase, the Company had decided to accept for purchase all Notes which were validly tendered pursuant to the Tender Offer (the "Accepted Notes"). The Accepted Notes repurchased by the Company will be cancelled and will cease to be outstanding on or about December 30, 2020 (the "Settlement Date"). Payment of the purchase price and the accrued interest in respect of the Accepted Notes 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 126,454,099.62 (which includes the accrued interest). Following settlement of the Tender Offer, USD 79,058,000 in aggregate principal amount of the Notes will remain outstanding ("Outstanding Notes").