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Cathay Associates Kejie Advised Sino-Ocean Group on Issuance of RMB 3 Billion Medium-term Notes

February 11, 2018

Cathay Associates Kejie advised Sino-Ocean Group Holding Limited (“Sino-Ocean Group”)on the issuance of 2018 (Phase II) medium-term notes (this “Issuance”).On March 15, 2017, Sino-Ocean Group was approved by National Association of Financial Market Institutional Investors for the issuance of medium-term noteswith the registered amount of RMB10 billion to China’sinterbank bond market. Sino-Ocean Group completed its first and second issuance swith a total amount of RMB 7 billion on March 23, 2017 and January 25,2018. This Issuance was completed on February 9, 2018 with a total amount ofRMB 3 billion (the “Notes”). The maturity of the Notes is 5 years,and the coupon rate is 5.95%.

Concerningthis Issuance, CCXR has rated the issuer a credit rating of “AAA” as well asthe Notes a credit rating of “AAA”.

China CITIC Bank and Industrial and Commercial Bank of China (ICBC) were appointed asJoint Lead Underwriter.

The Kejie team advising on the transaction was led by managing partner He Jie and partnerLi Xin.

Sino-Ocean Group was listed on the main board of the Hong Kong Stock Exchange on September28, 2007. Cathay Associates Kejie team has also advised Sino-Ocean Group on itsUS$0.2 billion private equity financing in 2006, its US$ 1.76 billion IPO in2007,its issuance of RMB2.6 billion Corporate Bonds in 2009, its issuance ofUS$ 0.9 billion Perpetual Subordinated Convertible Securities Callable 2015 in2010, its issuance of US$0.4 billion Perpetual Subordinated Capital Securities Callable 2016 in2011, its issuance of US$1.2 billion Guaranteed Notes in July,2014, its issuance of US$1.2billion Guaranteed Notes in February, 2015, its issuance of RMB 14 billion Corporate Bonds in 2015 and 2016., its issuance ofRMB 10 billion Panda Bonds in 2017 and its issuance of US$ 0.6 billion Subordinated Perpetual Bonds in 2017.

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