Yuexiu Property : ANNOUNCEMENT - APPROVAL FOR THE ISSUANCE BY A SUBSIDIARY OF GUARANTEED CORPORATE BONDS IN THE PRC (in PDF)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company and its subsidiaries in Hong Kong or elsewhere.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00123) ANNOUNCEMENT APPROVAL FOR THE ISSUANCE BY A SUBSIDIARY OF GUARANTEED CORPORATE BONDS IN THE PRC

This announcement is made by Yuexiu Property Company Limited (越秀地產股份有 限公司) (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 9 May 2016 and 31 May 2016 ("Announcements") in relation to the proposed public issuance of guaranteed interest-bearing bonds with an aggregate principal amount of up to RMB8,000,000,000 (the "Corporate Bonds") by Guangzhou City Construction & Development Co. Ltd. (廣州市城市建設開發有限公司) (the "Issuer"), a 95%-owned subsidiary of the Company. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as defined in the Announcements.

APPROVAL FOR THE ISSUANCE OF CORPORATE BONDS BY THE CSRC

The Board is pleased to announce that the Issuer has received the Approval Document Zheng Jian Xu Ke No. [2016] 1701 from the CSRC on 27 July 2016, approving the application of the Issuer for the public issuance of the Corporate Bonds to qualified investors in the PRC. The Corporate Bonds will be issued in multiple tranches.

Accordingly, the Issuer will commence marketing of the initial tranche(s) of the Corporate Bonds and will determine the coupon rate thereof after book-building.

Further information in relation to the issue of the Corporate Bonds will be published on the website of the SSE (http://www.sse.com.cn).

FURTHER ANNOUNCEMENTS

The Company will make further announcement(s) in respect of the issuance and listing of the Corporate Bonds as and when appropriate in compliance with Listing Rules.

As the issuance of the Corporate Bonds may or may not proceed, shareholders and potential investors of the Company should exercise caution when dealing or investing in the shares of the Company.

Hong Kong, 27 July 2016

By Order of the Board

Yuexiu Property Company Limited Yu Tat Fung

Company Secretary

As at the date of this announcement, the Board comprises:

Executive Directors: ZHANG Zhaoxing (Chairman), ZHU Chunxiu, LIN Zhaoyuan,

LI Feng, OU Junming and OU Shao

Independent Non-executive Directors:

YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose