Capital Markets - UETD Construction & Development State-owned Capital Investment Operation (Group) Co., Ltd.

Haitong Bank's Macau Branch acted as Joint Lead Manager and Joint Bookrunner of UETD Construction & Development State-owned Capital Investment Operation (Group) Co., Ltd.'s USD 60m bond issue, with a coupon of 7.5% and a 3-year tenor.

The proceeds of the Bonds are expected to be used for finance and/or refinance construction projects in accordance with the NDRC certificate. The Group has been instrumental in the construction and management of infrastructure projects within the Urumqi ETDZ. Since then, the Group has expanded its suite of products and services to include property leasing, trade, landscape maintenance, shantytown redevelopment and sale of properties.