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Cathay Associates Kejie Advised Sino-Ocean Group Holding Limited on the Issuance of U.S. $700,000,000 Floating Rate Guaranteed Notes due 2021

July 25, 2018

CathayAssociates Kejie advised Sino-Ocean Group Holding Limited (“Sino-Ocean Group”) onthe issuance ofU.S. $700,000,000 Floating Rate GuaranteedNotes due 2021 (the “Notes”).The Notes will bear interest at a rate equal to three-month U.S. dollar LIBORplus 2.30 percent(around 4.64%), subject to adjustments. The Notes are thelargest floating interest notes issued by Chinese real estate companies and thelargest single notes issuance of Chinese companies since the weakening of theinternational bond market, creating a new market record.

The issuance was rated by international credit ratingagencies, Moody’s and Fitch, reflecting the investment grade of Sino-OceanGroup and the Notes.

HSBC, Goldman Sachs (Asia) L.L.C., UBS andChina CITIC Bank International Limited were appointed as Joint GlobalCoordinator, Joint Lead Managers and Joint Bookrunners, and Shanghai PudongDevelopment Bank Hong Kong Branch and Industrial Bank Co., Ltd. Hong KongBranch as Joint Lead Managers and Joint Bookrunners.

Cathay Associates Kejie team was led by managing partnerHe Jie and partner Li Xin.

Sino-Ocean Group was listed on the main board of the HongKong Stock Exchange on September 28th, 2007. Cathay Associates Kejie team hasalso advised Sino-Ocean Group on its U.S. $0.2 billion private equity financingin 2006, its U.S. $ 1.76 billion IPO in 2007, its issuance of RMB 2.6 billionCorporate Bonds in 2009, its issuance of U.S. $0.9 billion PerpetualSubordinated Convertible Securities Callable 2015 in 2010, its issuance of U.S.$0.4 billion Perpetual Subordinated Capital Securities Callable 2016 in2011,its issuance of U.S. $1.2 billion Guaranteed Notes in July, 2014, its issuanceof U.S. $1.2 billion Guaranteed Notes in February, 2015, its issuance of RMB 15billion Corporate Bonds in 2015 and 2016, its issuance of RMB 10 billionRegistered Panda Bonds in2017 and its issuance of U.S. $0.6 billion Perpetual Subordinated GuaranteedCapital Securities in September, 2017.

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