Yuzhou : VOLUNTARY ANNOUNCEMENT REPURCHASE AND RESALE OF DOMESTIC CORPORATE BONDS 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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01628)

VOLUNTARY ANNOUNCEMENT

REPURCHASE AND RESALE OF

DOMESTIC CORPORATE BONDS IN THE PRC

This announcement is made by Yuzhou Group Holdings Company Limited (the "Company") on a voluntary basis.

Reference is made to the announcements of the Company dated 29 March 2019, 2 April 2019 and 4 April 2019 (the "Announcements") in relation to the public offering of domestic corporate bonds,

with an aggregate principal amount of RMB3.5 billion, by Xiamen Yuzhou Grand Future Real Estate Development Company Limited*（廈門禹洲鴻圖地產開發有限公司）(the "Issuer"), an indirectly wholly-owned subsidiary of the Company established in the PRC. Unless otherwise defined, terms

used in this announcement shall have the same meanings as defined in the Announcements.

Pursuant to the terms of the First Tranche Corporate Bonds, the holders of the Type I First Tranche Corporate Bonds is entitled to sell back all or part of the Type I First Tranche Corporate Bonds to the Issuer at the end of the second year.

The Company is pleased to announce that the Issuer has completed the repurchase of the Type I First Tranche Corporate Bonds in the aggregate principal amount of RMB1,999,999,000 and following completion of the repurchase, the Issuer has resold all such repurchased the Type I First Tranche Corporate Bonds at the resale price of RMB100 each, which is equivalent to its face value.

As at the date of this announcement, the outstanding principal amount of the Type I First Tranche Corporate Bonds was RMB2,000,000,000.

By Order of the Board

Yuzhou Group Holdings Company Limited

Lam Lung On

Chairman

Hong Kong, 11 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Lam Lung On (Chairman, J.P.), Ms. Kwok Ying Lan, Mr. Lin Conghui and Ms. Lam Yu Fong, the non-executive director of the Company is Ms. Xie Mei, and the independent non-executive directors of the Company are Mr. Lam Kwong Siu, Mr. Wee Henny Soon Chiang and Dr. Zhai Pu.

• For information purposes only