Longfor Group Holdings Limited — Capital/Financing Update 2021

Dec 3, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

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LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 960)

PUBLIC OFFERING OF THE FIRST TRANCHE OF 2021 MEDIUM-TERM NOTES IN THE PRC AND UNAUDITED FINANCIAL INFORMATION OF CHONGQING LONGHU DEVELOPMENT COMPANY LIMITED

This announcement is made by Longfor Group Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Chongqing Longhu Development Company Limited* (重慶龍湖企業拓展有限公司), an indirect subsidiary of the Company, established in the People’s Republic of China (the “ PRC ”) (the “ Issuer ”) will issue the first tranche of the 2021 medium-term notes (project income) on 7 and 8 December 2021. The first tranche of the 2021 medium-term notes (project income) has a principal amount of not more than RMB1.0 billion (the “ First Tranche of 2021 Medium-term Notes ”) and is fifteen-year bond, where the Issuer shall be entitled to adjust the coupon rate and the investors shall be entitled to sell back the notes after the end of the third year, sixth year, ninth year, and twelfth year. The range of coupon rate of the First Tranche of 2021 Medium-term Notes for consultation ranges from 3.20% to 4.20%. The final coupon rate will be determined on 8 December 2021 based on book-building. The First Tranche of 2021 Medium-term Notes is non-guaranteed bonds.

Details of the procedures for the application for the First Tranche of 2021 Medium-term Notes are published on the website of the China Money (www.chinamoney.com.cn) and the website of Shanghai Clearing House (www.shclearing.com) on 3 December 2021. The Issuer has received “AAA” rating from credit rating agency Shanghai Brilliance Credit Rating & Investors Service Co., Ltd (上海新世紀資信評估投資服務有限公司) towards the Issuer and the First Tranche of 2021 Medium-term Notes.

Pursuant to relevant rules and regulations of the PRC and the requirements of the China Securities Regulatory Commission, the unaudited consolidated financial statements of the Issuer for the nine months ended 30 September 2021 (the “ Unaudited September Financials ”) are published on the website of the China Money (www.chinamoney.com.cn) and the website of Shanghai Clearing House (www.shclearing.com) on 3 December 2021.

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Set out below are the key financial figures of the Unaudited September Financials:

	For the
	nine months ended
	30 September 2021
	(unaudited)
	RMB’ 000
Current assets	580,728,107.1
Non-current assets	165,494,617.1
Total assets	746,222,724.2
Current liabilities	386,288,904.3
Non-current liabilities	128,330,392.9
Total liabilities	514,619,297.1
Total equity	231,603,427.0
Revenue	73,942,671.0
Net profit after taxation	10,571,185.3
Cash resources#	87,277,115.9

including restricted bank deposit

Attention of the shareholders and potential investors of the Company is hereby drawn to the fact that the Unaudited September Financials and its summary disclosed in this announcement, which were published on the relevant websites of the PRC, have been prepared in accordance with the PRC Generally Accepted Accounting Principles, which may require adjustment during the course of auditing. Furthermore, the Unaudited September Financials may require adjustment under the International Financial Reporting Standards. The Unaudited Consolidated Financial Information is published pursuant to relevant PRC laws and regulations for the reference of investors of the First Tranche of 2021 Medium-term Notes only. In addition, the information contained in the relevant websites in the PRC and this announcement is limited solely to the operation of the Issuer and its subsidiaries, which does not reflect a full picture of operation or status of the Group. Shareholders of the Company and potential investors should exercise caution when dealing with the securities of the Company and should not rely solely on such information.

By Order of the Board Longfor Group Holdings Limited Wu Yajun Chairperson

Hong Kong, 3 December 2021

As at the date of this announcement, the Board comprises nine members: Madam Wu Yajun, Mr. Shao Mingxiao, Mr. Zhao Yi, Mr. Wang Guangjian and Mr. Chen Xuping who are executive directors; and Mr. Frederick Peter Churchouse, Mr. Chan Chi On, Derek, Mr. Xiang Bing and Mr. Zeng Ming who are independent non-executive directors.

• for identification purposes only

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