Country Garden's internal debt restructuring plan: Agreeing to a fee of 0.1%, with a maximum cash buyback option of 4.5 billion yuan at a price of 12% of face value.

Country Garden plans to restructure nine of its publicly traded market bonds. According to the restructuring plan obtained by reporters on September 19, the restructuring entity intends to adjust the repayment arrangement of the restructured bonds and provide other restructuring options, including a buyback option, a Country Garden Holdings stock option, and a general debt option. As of the end of June, the balance of the nine bonds was 13.85828 billion yuan, including H16 Biyuan 5, H19 Bidi 3, H20 Bidi 3, H20 Bidi 4, H1 Bidi 01, H1 Bidi 02, H1 Bidi 03, H1 Bidi 04, and H16 Tengyue 2. Regarding the cash early repayment arrangement, the plan shows that holders who vote in favor of all resolutions at the holders' meeting will receive early repayment of 0.1% of the number of bonds held and the bonds will be canceled, with all interest waived. Country Garden will provide holders with a cash buyback option, which will be implemented by the repurchasing party through declaration and registration, with the repurchasing party planning to repurchase the target bonds with cash not exceeding 4.5 billion yuan at a price of 12% of the face value of the bonds. The distribution will be conducted in proportion, and the final allocation ratio of different target bonds may vary, with the unallocated portion eligible for subsequent options.