The Board of China South City Holdings Limited announced that on 18 January 2018, the company and the Subsidiary Guarantors entered into the Purchase Agreement with UBS, Guotai Junan International, 1HSBC, AMTD, Bank of America Merrill Lynch, China Merchants Securities (HK), DBS Bank Ltd., GF Securities and Haitong International in connection with the issuance of USD 250,000,000 7.25% senior notes due 2021 by the company. Subject to certain conditions to completion, the Company will issue the Notes in the aggregate principal amount of USD 250,000,000 which will mature on 25 January 2021, unless redeemed earlier pursuant to the terms thereof. The offering price of the Notes will be 99.011% of the principal amount of the Notes. The Notes will bear interest from and including 25 January 2018 at the rate of 7.25% per annum, payable semi-annually in arrear. Interest will be paid on 25 January and 25 July of each year, commencing from 25 July 2018.