Huijing Holdings Company Limited announced that on July 21, 2022, the Exchange Offer was consummated subject to the Announcements and the Company issued and delivered $107,600,000 in principal amount of New Notes pursuant to the Exchange Offer. As announced by the Company on July 20, 2022, the Accrued Interest in cash which forms the entire cash portion of the Exchange Consideration will be separately settled by the Company outside of the Clearing Systems with each Eligible Holder whose Old Notes have been validly tendered and accepted for exchange. The Old Notes accepted for exchange are in the process of being marked down and cancelled.

The principal amount of the Old Notes which were not tendered in the Exchange Offer also matured on July 21, 2022. The New Notes and the Subsidiary Guarantees have not been, and will not be registered under the U.S. Securities Act or any securities laws and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. No New Notes will be offered to the public in Hong Kong.