Zhongliang Holdings Group Company Limited announced in relation to the 8.875% senior notes due November 2021 in the aggregate principal amount of $200 million (the November 2021 Notes) issued by the Company and the listing thereof on the Singapore Exchange Securities Trading Limited, the 7.5% senior notes due January 2022 in the aggregate principal amount of $250 million (the January 2022 Notes), the 8.5% senior notes due May 2022 in the aggregate principal amount of $300 million (the May 2022 Notes) and the 9.5% senior notes due July 2022 in the aggregate principal amount of $450 million (the July 2022 Notes) issued by the Company and the listing thereof on The Stock Exchange of Hong Kong Limited. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements. Repurchase of November 2021 Notes and January 2022 Notes: Between 2 November 2021 and 11 November 2021: the Group repurchased the November 2021 Notes in an aggregate principal amount of $46.372 million, representing approximately 23.19% of the aggregate principal amount of the November 2021 Notes originally issued. The Group repurchased the January 2022 Notes in an aggregate principal amount of $9.81 million, representing approximately 3.92% of the aggregate principal amount of the January 2022 Notes originally issued. Up to the date of this announcement: the Group has repurchased an aggregate principal amount of $103.472 million of the November 2021 Notes, representing approximately 51.74% of the aggregate principal amount of the November 2021 Notes originally issued. The Group has repurchased an aggregate principal amount of $21.81 million of the January 2022 Notes, representing approximately 8.72% of the aggregate principal amount of the January 2022 Notes originally issued. The Group has repurchased an aggregate principal amount of $7 million of the May 2022 Notes, representing approximately 2.33% of the aggregate principal amount of the May 2022 Notes originally issued. The Group has repurchased an aggregate principal amount of $15.5 million of the July 2022 Notes, representing approximately 3.44% of the aggregate principal amount of the July 2022 Notes originally issued. The Company will cancel the repurchased November 2021 Notes before their maturity. After cancellation of the November 2021 Notes repurchased, the aggregated principal amount of the November 2021 Notes which remain outstanding are $96.528 million. Subject to the Board's discretion, the repurchased January 2022 Notes, May 2022 Notes and July 2022 Notes may or may not be cancelled. The Company will continue to monitor market conditions and its financial structure and may further repurchase its senior notes as and when appropriate. Remittance of funds in relation to repayment of November 2021 Notes: As at the date hereof, the Group has remitted all necessary funds from its onshore bank accounts in the People's Republic of China to its offshore bank accounts to repay the remaining principal amount and accrued interest of the November 2021 Notes at its maturity, being 22 November 2021.