Sino-Ocean Group Holding Limited Announces Completion of Tender Offer for $700,000,000 Floating Rate Guaranteed Notes Due 2021 Issued by Sino-Ocean Land Treasure Iv Limited

Sino-Ocean Group Holding Limited announces that on 5 May 2021, the Company had completed the purchase of an aggregate principal amount of $214,385,000 of the Floating Rate Guaranteed Notes (the "Purchased Notes"), representing approximately 30.63% of the outstanding principal amount of $700,000,000 prior to the Tender Offer. The Purchased Notes had been cancelled. After cancellation of the Purchased Notes, the aggregate outstanding principal amount of the Floating Rate Guaranteed Notes is $485,615,000.