Logan Group Company Limited announced that on 14 January 2022, the Company purchased from the open market the 2022 Notes in an aggregate principal amount of $20,000,000 (the Repurchased Notes), representing approximately 6.67% of the aggregate principal amount of the 2022 Notes issued. The Repurchased Notes will be cancelled in accordance with its terms and indenture. The Company considers that the repurchase of the senior notes will reduce the Company's future financial expenses and lower its financial gearing level, and is therefore in the interest of the Company and its shareholders as a whole.

The Company will continue to monitor market conditions and its financial structure and may further repurchase its senior notes as and when appropriate.