Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement

(Incorporated in Hong Kong with limited liability)

(Stock code: 00123)

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.18 of the Listing Rules.

This announcement is made by the board of directors of Yuexiu Property CompanyLimited ("Company") pursuant to the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules").

On 23 January 2018, the Company (as borrower) entered into a facility letter ("Facility Letter") with a bank ("Lender") pursuant to which a 24-month term loan facility of HKD300,000,000 will be made available by the Lender from the drawdown date of the facility subject to the terms and conditions of the Facility Letter.

The Company has undertaken with the Lender that ᄿψ൳ӸණྠϞࠢʮ̡ (Guangzhou Yuexiu Holdings Limited) ("Guangzhou Yue Xiu"), the ultimate controlling shareholder of the Company, shall own, directly or indirectly, of not less than 35% shareholding of the Company throughout the facility available to the Company. Failure to perform such undertaking will constitute an event of default under the Facility Letter whereby the Lender may declare the facility terminated and all the indebtedness under the facility would become due and payable. As of the date of this announcement, Guangzhou Yue Xiu beneficially owns an aggregate of about 49.67% of the issued shares of the Company.

By Order of the Board

Yuexiu Property Company Limited

Yu Tat Fung

Company Secretary

Hong Kong, 23 January 2018

As at the date of this announcement, the board of directors comprises:

Executive Directors:

ZHANG Zhaoxing (Chairman), ZHU Chunxiu, LIN Zhaoyuan,

LI Feng and CHEN Jing

Independent Non-executive

YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose

Directors:

Yuexiu Property Co. Ltd. published this content on 23 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2018 10:14:10 UTC.

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