VOLUNTARY ANNOUNCEMENT: PUBLIC ISSUE OF THE SECOND TRANCHE OF CORPORATE BONDS TO PROFESSIONAL INVESTORS IN THE PRC

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 a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities of the Company and its subsidiaries in Hong Kong or elsewhere.

(Incorporated in Bermuda with limited liability)

(Stock Code: 01052)

VOLUNTARY ANNOUNCEMENT:

PUBLIC ISSUE OF THE SECOND TRANCHE OF CORPORATE BONDS TO

PROFESSIONAL INVESTORS IN THE PRC

This is a voluntary announcement made by Yuexiu Transport Infrastructure Limited (the "Company", and together with its subsidiaries, the "Group").

Reference is made to (i) the announcement of the Company dated 1 June 2020 wherein it was announced, among other things, that the Company had obtained the approval of the application to the Shanghai Stock Exchange (the "SSE") for its approval on the public offering of corporate bonds in an aggregate principal amount of up to RMB2.5 billion (the "Corporate Bonds") to professional investors in the PRC and their listing on the SSE; and (ii) the announcement of the Company dated 26 January 2021 wherein, it was announced, among other things, that the final total principal amount of the first tranche of the Corporate Bonds with coupon rate of 3.63% actually issued was RMB1 billion.

The Company is pleased to announce that the second tranche of the Corporate Bonds have an initial aggregate principal amount of not more than RMB1.5 billion comprising two types as described below:

1. type 1 which is five-year Corporate Bonds with coupon rate of 3.48%, the Company shall be entitled to adjust the coupon rate and shall have the right to redeem the relevant Corporate Bonds, and the investors shall be entitled to sell back the relevant Corporate Bonds to the Company, at the end of the third year; and

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1. type 2 which is seven-year Corporate Bonds with coupon rate of 3.84%, the Company shall be entitled to adjust the coupon rate and shall have the right to redeem the relevant Corporate Bonds, and the investors shall be entitled to sell back the relevant Corporate Bonds to the Company, at the end of the fifth year.

The proceeds from this issue of the second tranche of the Corporate Bonds will be not more than RMB1.5 billion, of which RMB1.4 billion will be used to repay the Group's outstanding debts and RMB100 million will be used to replenish the working capital of the Company. The Company intends to issue further announcement after the final and actual total issue size has been determined.

Each of the Company and the Corporate Bonds has received a credit rating of "AAA" from a credit rating agency, China Chengxin International Credit Rating Co., Ltd.* (中誠信國際信用評級有限責任公司).

The Corporate Bonds are proposed to be listed on the SSE. Details of the issue of the Corporate Bonds are published on the website of the SSE (http://www.sse.com.cn).

By order of the Board

Yuexiu Transport Infrastructure Limited

Yu Tat Fung

Company Secretary

Hong Kong, 12 May 2021

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

Executive Directors	:	LI Feng (Chairman), HE Baiqing, CHEN Jing and XIE Yanhui
Independent Non-executive	:	FUNG Ka Pun, LAU Hon Chuen Ambrose and CHEUNG Doi Shu
Directors

* for identification purposes only

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