Zhenro Properties Group Limited — Capital/Financing Update 2021

May 24, 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.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

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Zhenro Properties Group Limited 正榮地產集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6158)

REDEMPTION AND CANCELLATION OF 8.65% SENIOR NOTES DUE 2023 (ISIN:XS1973630889; Common Code: 197363088; Stock Code: 5928)

References are made to the announcements of Zhenro Properties Group Limited (the “ Company ”) dated March 27, 2019, March 28, 2019 and April 3, 2019 (the “ Announcements ”) in relation to the issuance of the US$420,000,000 8.65% Senior Notes due 2023 (the “ April 2019 Notes ”). Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcements.

Pursuant to the indenture dated April 3, 2019 among the Company, the subsidiary guarantors and Citicorp International Limited, as trustee (the “ April 2019 Trustee ”) entered into in connection with the issue of April 2019 Notes, the Company announces today that it has informed the April 2019 Trustee that all outstanding April 2019 Notes will be redeemed in full on June 29, 2021 (the “ Redemption Date ”) at a redemption price equal to 103% of the principal amount thereof, plus accrued and unpaid interest, to (but not including) the Redemption Date.

As of the date of this announcement, the principal amount of the April 2019 Notes is US$420,000,000.

Upon redemption of the outstanding April 2019 Notes, all the redeemed April 2019 Notes will be cancelled and the Company will apply for withdrawal of the listing of the April 2019 Notes.

By Order of the Board Zhenro Properties Group Limited Huang Xianzhi Chairman

Hong Kong, 24 May 2021

As at the date of this announcement, the executive Directors are Mr. Huang Xianzhi, Mr. Liu Weiliang, Mr. Li Yang and Mr. Chan Wai Kin, the non-executive Director is Mr. Ou Guowei, and the independent non-executive Directors are Dr. Loke Yu (alias Loke Hoi Lam), Mr. Wang Chuanxu and Mr. Lin Hua.