Zhongliang Holdings Group Company Limited with reference to announcements dated 25 November 2020 and 30 November 2020 in relation to the 8.875% senior notes due November 2021 in the aggregate principal amount of USD 200 million issued by the company and the listing thereof on the Singapore Exchange Securities Trading Limited. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements. Between 21 October 2021 and 22 October 2021, the Group repurchased the November 2021 Notes in an aggregate principal amount of USD 12 million, representing approximately 6% of the aggregate principal amount of the November 2021 Notes originally issued. Up to the date of this announcement, the Group has repurchased an aggregate principal amount of USD 45 million of the November 2021 Notes, representing approximately 22.5% of the aggregate principal amount of the November 2021 Notes originally issued. Subject to the Board's discretion, the repurchased 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.