The board of directors of Greentown China Holdings Limited announced that on the date of 21 June 2024, the Company has completed further repurchase of an aggregate principal amount of $150,000,000 of the Bonds, representing 37.5% of the aggregate principal amount of the Bonds originally issued, in the open market. As of the date of this announcement, together with the other Bonds previously repurchased as disclosed in the Announcement, the Company has repurchased 75.0% of the Bonds originally issued in the open market. The repurchased Bonds will be cancelled according to its terms and conditions.

Immediately after the cancellation, an aggregate principal amount of $100,000,000 of the Bonds will remain outstanding.