DeHeng Advised Poly Development Holdings Group Co., Ltd.

on Issuance of Medium-term Notes Series 1 in 2019

2019-1-22

On January 21, 2019, Poly Development Holding Group Co., Ltd. ("Poly Development") issued the medium-term notes series 1 in 2019 at the National Association of Financial Market Institutional Investors, with an issue amount of 1.5 billion yuan, with interest rate of 3.60%, and a term of 3 years. China Chengxin International Credit Rating Co., Ltd. gave the credit rating of "AAA" to the main body of Poly Development and this tranche of medium-term notes.

Poly Development, incorporated in 1992 and listed on the Shanghai Stock Exchange (stock code: 600048), is a large state-owned real estate enterprise controlled by the central state-owned enterprise China Poly Group Co., Ltd., and is also the main operation platform of the real estate business of China Poly Group Co., Ltd. having national first-level real estate development qualifications.

DeHeng, as an issuer's counsel, formed a project team headed by Zhu Min, a partner of the Beijing office, supported by Tian Yuan, Rong Qiuli and other lawyers. The project team members worked closely with the issuers, underwriters and other parties, providing professional, comprehensive and quality legal services for this issuance.