Cathay Associates Kejie advised Sino-OceanGroup Holding Limited (“Sino-Ocean Group”)on the issuance of U.S. $400,000,000 Senior Guaranteed Notes due 2030 (the “Notes”). The Notes will bear interestat a rate of 4.75%.

The issuance was rated by internationalcredit rating agencies, Moody’s and Fitch, reflecting the investment grade ofSino-Ocean Group and the Notes.

HSBS, Goldman Sachs (Asia) L.L.C., and China CITIC Bank Internationalwere appointed as Joint Global Coordinator, Joint Lead Managers and JointBookrunners, and UBS, China International Capital Corporation, BOC International, CMB Wing Lung Bank Limited, China Everbright Bank Hong Kong Branch, Haitong International,Credit Suisse and CLSA as Joint Bookrunners.

Cathay Associates Kejie team was led bymanaging partner He Jie and partner Li Xin.

Sino-Ocean Group was listed on the mainboard of the Hong Kong Stock Exchange on September 28th, 2007. CathayAssociates Kejie team has also advised Sino-Ocean Group on its U.S. $0.2billion private equity financing in 2006, its U.S. $ 1.76 billion IPO in 2007,its issuance of RMB 2.6 billion Corporate Bonds in 2009, its issuance of U.S.$0.9 billion Perpetual Subordinated Convertible Securities Callable 2015 in2010, its issuance of U.S.$0.4 billion Perpetual Subordinated CapitalSecurities Callable 2016 in2011,its issuance of U.S. $1.2 billion GuaranteedNotes in July, 2014, its issuance of U.S. $1.2 billion Guaranteed Notes inFebruary, 2015, its issuance of RMB 14 billion Corporate Bonds in 2015 and2016, its issuance of RMB 10 billion Registered Panda Bonds in 2017, itsissuance of U.S. $0.6 billion Perpetual Subordinated GuaranteedCapital Securities in 2017, its issuance of U.S. $0.5 billion Floating RateGuaranteed Notes in 2018, its issuance of RMB 2 billion Corporate Bonds in 2018,its issuance of U.S. $1.1 billion Guaranteed Notes in 2019 and its issuance ofRMB 2.9 billion Corporate Bonds in 2019.