NWD Executes Early Settlement of Bond Exchange Offers, Cancels USD199.08 Million in Outstanding Notes

New World Development Company Limited (NWD; HKEX: 00017) confirmed that its financing vehicle CS Management Services (NB) Limited (“New VD BondCo”) completed the early settlement of three concurrent exchange offers on 20 October 2026.

Under the early settlement: • New VD BondCo issued USD189.13 million in aggregate principal of new notes (“New VD Notes”) and paid the related accrued interest and early-bird cash consideration to eligible investors. • A total of USD199.08 million in principal of legacy guaranteed notes (“Existing Notes”) was exchanged and will be cancelled, reducing NWD’s near-term U.S.-dollar debt stack.

Breakdown of exchanged and remaining balances: 1. USD600 million 4.75% Guaranteed Notes due January 2027 – Exchanged: USD33.52 million – Outstanding post-exchange: USD423.35 million

2. USD200 million 5.875% Guaranteed Notes due June 2027 – Exchanged: USD20.34 million – Outstanding post-exchange: USD142.25 million

3. USD400 million 8.625% Guaranteed Notes due February 2028 – Exchanged: USD145.22 million – Outstanding post-exchange: USD226.81 million

The exchange window remains open until 4:00 p.m. (London time) on 20 October 2026, with NWD and New VD BondCo reserving the right to amend, extend or terminate each offer independently, subject to conditions outlined in the Exchange Offer Memorandum.

Holders seeking further details are advised to consult the Exchange Offer Memorandum and contact the appointed Dealer Managers—Deutsche Bank AG, Hong Kong Branch, and The Hongkong and Shanghai Banking Corporation Limited—or the Information and Exchange Agent, GLAS Agency (Hong Kong) Limited.