Debt - Listing Confirmation::US$300,000,000 9.25% Guaranteed Senior Notes due 2023

1. The Notes will be listed and quoted in the Bonds Market with effect from 9.00 a.m., Thursday, 16 January 2020.

2. The short name of the Notes is YangoJustn9.25%230415S and the ISIN Code is XS2100664544.

The letter 'S' denotes that trading of the Notes is restricted to the persons specified in Sections 274 and 275 of the Securities and Futures Act (the 'SFA').

3. The Notes will be quoted and traded in US Dollar ('US$'). The Notes will be in denomination of US$200,000 and integral multiples of US$1,000 in excess thereof. The Notes will be traded in a minimum board lot size of US$200,000.

4. The issue date of the Notes is 15 January 2020.

5. The name and address of the Principal Paying Agent is as follows: -

China Construction Bank (Asia) Corporation Limited
28/F, CCB Tower
3 Connaught Road Central
Central, Hong Kong

6. The Lead manager(s)/Bookrunner(s) of the Notes are Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited, UBS AG Hong Kong Branch, CMB International Capital Limited, Admiralty Harbour Capital Limited, Orient Securities (Hong Kong) Limited and CLSA Limited.

7. Please refer to the Issuer's offering documents for complete details before trading.