NEW WORLD DEV (00017.HK) Announces Completion of Exchange Offer

Deep News12-08

On December 5, New World Development Company Limited (NEW WORLD DEV, 00017.HK) issued a final settlement announcement regarding the expiration of its exchange offer. The final payment date occurred on December 5, 2025. Following the completion of the exchange offer's final settlement, the new issuer hereby announces the following details related to the transaction.

**Final Settlement of Existing Perpetual Securities Exchange Offer** (a) In exchange for all accepted existing perpetual securities, PerpCo, the new issuer of perpetual securities, issued and delivered new perpetual securities with a total principal amount of $8,713,140 on December 5, 2025, along with the corresponding cash consideration. (b) After the final settlement of the exchange offer, PerpCo exchanged existing perpetual securities with a total principal amount of $16,970,000 on the same date, which will be canceled in accordance with the terms and conditions of the relevant securities. Details of the exchanged and remaining outstanding principal amounts for each series are provided below.

**Final Settlement of Existing Notes Exchange Offer** (a) In exchange for all accepted existing notes, BondCo, the new issuer of notes, issued and delivered new notes with a total principal amount of $46,576,325 on December 5, 2025, along with accrued interest payments. (b) After the final settlement of the exchange offer, BondCo exchanged existing notes with a total principal amount of $59,275,000 on the same date, which will be canceled in accordance with the terms and conditions of the relevant notes. Details of the exchanged and remaining outstanding principal amounts for each series are provided below.

**Completion of Exchange Offer** With the final settlement completed on the payment date: (a) Under the exchange offer, outstanding existing perpetual securities with a total principal amount of $2,292,955,000 and outstanding existing notes with a total principal amount of $235,974,000 have been exchanged and will be canceled. (b) PerpCo and BondCo have issued new perpetual securities with a total principal amount of $1,175,548,191 and new notes with a total principal amount of $186,563,710, respectively, as part of the exchange offer.

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