Green King China Real Estate (00095.HK) announced that on May 18, 2022, the subscribers of convertible bonds, companies andHuang Kangjing, the controlling shareholderMr. An entered into a deed of extension in 2022 to further extend the maturity of the remaining unconverted convertible bonds to May 18, 2023 and to amend the subscription agreement for convertible bonds.的Certain terms, convertible bonds的Terms and other related transaction documents. Make a subscription agreement for convertible bonds, convertible bonds and other related documents的The proposed amendments can only be implemented after the following conditions have been met:

(I) the company subscribes under the convertible bond subscription agreement的Terms and conditions于Complete the redemption of the outstanding principal of the convertible bond to the subscriber of the convertible bond on or before May 18, 2022 (together with the corresponding applicable internal rate of return of about 311.620000 US dollars)

(ii) the company subscribes under the convertible bond subscription agreement的Terms and conditions于Full payment of the initial administrative fee to the subscribers of convertible bonds on or before May 18, 2022.500000 dollars

(iii) Inc.于Payment of convertible bonds to subscribers of convertible bonds on or before May 18, 2022的The accrued interest is about 190.Us $920000; and

(iv) obtain all necessary approvals, including, but not limited to于The Stock Exchange的Approved.于After the above conditions have been metAccording to2022 extension of deed subscription agreement for convertible bonds and convertible bonds的Terms and conditions made的The revision will be from 2022It will take effect from May 18, 2008.

Convertible bond的The total principal is US $100 million (equivalent于约7.HK $7.6 billion). As of the date of the announcement, (I) convertible bonds的The principal amount is US $10 million (equivalent于About HK $77.6 million) has been converted to 2879.40.63 million issued convertible shares; (ii) convertible bonds的The unredeemed principal amount of 20 million US dollars by the company于Redemption on November 18, 2020; and (iii) convertible bonds的The unredeemed principal amount of 20 million US dollars by the company于202218 May 2000 (that is, according to the2022Prior to the extension of the deed of extension of convertible bonds的Maturity date) redemption.

Suppose convertible bonds的If the remaining unredeemed principal amount (i.e. US $50 million) is converted at the conversion price of HK $2.505 per conversion share, the convertible bond will be convertible to about 1..548.9 billion new shares. The conversion shares (if issued) will account for about 3.04% of the company's existing issued share capital and the company will expand all the issued shares.的The issued share capital is about 2.95%.

It is reported that the convertible bond refers toConvertible bonds maturing 5.5% in 2022The subscriber for convertible bonds is an indirect wholly-owned special purpose vehicle of Jianyin International (Holdings) Co., Ltd. Jianyin International (Holdings) Co., Ltd. is a company incorporated in China by China Construction Bank Corporation Co., Ltd.于The main board of the Stock Exchange (stock code: 0939) and the joint stock limited companies listed on the Shanghai Stock Exchange (stock code: 601939) are indirectly wholly owned的Investment services flagship company.

The Board is of the view that the extension of the maturity date of the convertible bonds for 12 months and other related amendments reflect the long-term strategic business relationship between the Group and the subscribers of the convertible bonds and its parent company, Jianyin International (Holdings) Limited, it will not only benefit the two groups, but will also increase the working capital liquidity of the company and its subsidiaries. Therefore, the Board considers that the terms of the 2022 extension of the deed are fair and reasonable and in the interests of the Company and its shareholders as a whole.