(31 May 2018, Hong Kong) Country Garden Holdings Company Limited (“Country Garden” or the “Group”, SEHK stock code: 2007) announces that the Group has always been achieving timely settlement of its commercial acceptance bills (“Bills”). In light of recent rumours about overdue settlement for the Group’s outstanding Bills, the Group reserves the right to pursue legal actions.

The Group is aware of recent rumours on the Internet about failure of settlement of its Bills. Country Garden states that the Group has abundant liquidity to ensure settlement of bills payable. Country Garden has always adhered to its principles with honesty and integrity to operate in strict compliance with laws and regulations, including the Negotiable Instruments Law of the People’s Republic of China. The Group reserves the right to pursue legal actions against those who intended to defame and damage Country Garden’s reputation. Looking forward, Country Garden will continue to seize the opportunity to implement nationwide urbanization and the benefits from the state policy, persist in its own development strategies and maximize the Group’s advantages, so as to create greater value for its shareholders, customers and the society.