HONG KONG, CHINA - Media OutReach - 23 April 2019 - Jiayuan International Group Limited ("Jiayuan International" together with its subsidiaries, collectively the "Group"; SEHK stock code: 02768), an established property developer of both large-scale residential and integrated commercial complex projects in China, is pleased to announce that it has entered into the strategic cooperation agreements with various financial institutions in the PRC under which the lines of credit in an amount of RMB43 billion will be granted. Such financial institutions include Baoshang Bank Co., Ltd., Daye Trust Co., Ltd., Guotong Trust Co., Ltd. and AVIC Trust Co., Ltd. Meanwhile, the Group also announced that it would offer private placement notes in an amount of approximately US$225 million to strengthen its financial position.


For granting the lines of credit in an amount of RMB43 billion to Jiayuan International from several financial institutions, it reflects the institutions' confidence in Jiayuan International's prospect and their recognition to the Group's performance in corporate governance and its risk control capability.


Meanwhile, the announcement for launching the offer for private placement notes of Jiayuan International in an amount of US$225 million has been announced in Frankfurt. The notes to be issued will exchange all outstanding senior notes due 2019 that Jiayuan International previously issued. The issuance of the private placement notes is expected to be completed within a short period of time.


Mr. Shum Tin Ching, Founder and Chairman of Jiayuan International expressed, "A consistently strong financial position is the important pillar to promote diversified business development. Financial institutions in the PRC have stepped up their support for the private sector of the economy. Jiayuan International, as a leading privately owned enterprise under the support of ample fund, will continue to expand business diversification with pragmatic manner. In the future, the Group will continue to capitalise on the state policies by acquiring lands or property development projects in the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area through open auctions, merger and acquisition or joint ventures. It will also seek to acquire quality property projects in provincial capitals and economically vibrant cities in the PRC and the regions which are covered by Belt and Road Initiative so as to maximise the shareholder value."


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