DaFa Properties Group Limited announced the company dated 11 January 2021 in respect of the proposed Notes Issue. On 11 January 2021, the Company, together with the Subsidiary Guarantors, entered into the Purchase Agreement with the Initial Purchasers in connection with the Notes Issue. The following is a summary of certain provisions of the Notes and the Indenture. This summary does not purport to be complete and is qualified in its entirety by reference to the provisions of the Indenture, the Notes, the guarantees provided by the Subsidiary Guarantors, and the JV Subsidiary Guarantors, if any. Subject to certain conditions to completion, the Company will issue the Notes in the aggregate principal amount of USD 180 million. The Notes will mature on 18 January 2022, unless earlier redeemed in accordance with the terms thereof. The Notes will bear interest from and including 19 January 2021 at a rate of 9.95% per annum, payable in arrears on 19 July 2021 and 18 January 2022. The Notes may be redeemed in the following circumstances: At any time prior to 18 January 2022, the Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus the applicable premium as of, and accrued and unpaid interest (if any) to (but not including), the redemption date. At any time and from time to time prior to 18 January 2022, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of one or more sales of common stock of the Company in an equity offering at a redemption price of 109.95% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date, with the net cash proceeds from sales of certain kinds of its capital stock, subject to certain conditions. The Company will give not less than 30 days' nor more than 60 days' notice of any redemption.