LONGFOR GROUP's special proposal for medium-term notes has been approved, and it will redeem 2 billion yuan three months in advance

On August 13, Chongqing Longfor Enterprise Development Co., Ltd. proposed an early redemption of the "2022 Second Phase Medium-Term Notes," which was unanimously approved by the holders or their agents present at the meeting. According to the meeting resolution, Longfor will redeem "22 Longfor Development MTN002" early on August 28, 2025, completing the one-time principal and interest repayment of this medium-term note approximately three months in advance. "22 Longfor Development MTN002" is the first bond issued under the "Second Arrow" policy framework, which set a new low for the interest rate of bonds guaranteed by China Bond Insurance among private real estate companies at the time of issuance. The issuance amount was 2 billion yuan, with a coupon rate of 3% and a term of 3 years, originally maturing on November 30, 2025