On January 25, 2017, China Aoyuan Property Group Limited as borrower and the Lenders as lenders entered into the loan agreement, pursuant to which a banking facility relating to secured dual currency term loan facilities of approximately HKD 1.5 billion was granted by the lenders to the company, consisting of the HKD Facility and the USD Facility. Pursuant to the loan agreement, the company shall pay to the lenders interest on all outstanding amounts, in the case of the HKD Facility on a basis of a 365-day year, and in the case of the USD Facility on a basis of a 360-day year. The loan agreement will bear interest from the drawdown date to the maturity date of the facilities at the rate of in respect of the loan under the HKD Facility, HIBOR plus 4.50% per annum; and in respect of the loan under the USD Facility, LIBOR plus 4.50% per annum. In connection with the loan agreement, the company will pay to the lenders certain arrangement fees, commitment fees and other related fees.