DaFa Properties : US$150 MILLION 12.375% SENIOR NOTES DUE 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act ("Regulation S")) absent registration, except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the U.S. Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company does not intend to register any part of the securities in the United States.

DaFa Properties Group Limited

大 發 地 產 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(the "Company", Stock Code: 6111)

US$150 MILLION 12.375% SENIOR NOTES DUE 2022

(the "Notes", Stock Code: 40328)

NOTICE OF ISSUE AND LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

Application has been made to the Stock Exchange for the listing of and permission to deal in the Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on the Stock Exchange and in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong)) only, as described in the offering memorandum dated 27 July 2020. Permission for the listing of, and dealing in, the Notes is expected to become effective on 31 July 2020.

By Order of the Board

DaFa Properties Group Limited

GE Yiyang

Chairman

Hong Kong, 30 July 2020

As at the date of this announcement, the Board comprises Mr. Ge Yiyang, Mr. Liao Lujiang, Mr. Chi Jingyong and Mr. Yang Yongwu as the executive Directors, and Mr. Gu Jiong, Mr. Sun Bing and Mr. Fok Ho Yin Thomas as the independent non-executive Directors.