Times China Holdings Limited announces that the third tranche of the Domestic Bonds in an aggregate principal amount of RMB 1,100,000,000 were issued on 24 January 2019 at a coupon rate of 7.5% per annum for a term of three years, with the option to adjust the coupon rate by the Issuer and the investors have the option to sell back the Domestic Bonds at the end of the second year.