JY Grandmark Holdings Limited announced that, as at the Exchange Expiration Deadline, USD 149,600,000 of the Existing Notes, representing approximately 96.52% of the total aggregate principal amount of the outstanding Existing Notes, have been validly tendered for exchange and accepted pursuant to the Exchange Offer. With respect to the Existing Notes validly tendered and accepted for exchange, subject to the
fulfillment or waiver of the conditions precedent to the Exchange Offer, Eligible Holders of such Existing Notes will receive the Exchange Consideration on the Settlement Date. The Exchange Offer expired at 4:00 p.m., London time, on 20 January 2022.