Sino-Ocean Group Holding Limited (SINO-OCEAN GP) released overseas regulatory documents detailing two new securities that will be listed on the Singapore Exchange (SGX-ST) as part of bilateral restructurings of certain loan facilities.

The new issuance comprises:

• US$20.62 million 3.00 % senior secured notes, scheduled to mature in 2033 with potential one-year extensions to 2034 and 2035. • US$16.62 million zero-coupon mandatory convertible bonds (MCBs) due 2027.

Key Terms for the Notes – Semi-annual interest at 3.00 % beginning 27 March 2026. – Mandatory partial redemptions from 2028, with detailed deferral mechanisms linked to cash-sweep events and sales targets. – Optional redemption at par by the issuer at any time with 10-to-30-day notice. – Security: common collateral shared with other pari passu secured indebtedness under an intercreditor agreement. – Minimum trading lot on SGX-ST: US$200,000.

Key Terms for the MCBs – Zero coupon; mandatorily convertible into ordinary shares no later than 27 March 2027. – Early conversion at the bondholder’s discretion is allowed. – Optional redemption by the issuer at par with 15-day notice. – No cash interest payments; conversion price to be set per conditions in the trust deed.

Listing & Regulatory Status – SGX-ST has granted in-principle approval for listing. – The securities will be traded only in lots of at least US$200,000. – Publication of the listing documents complies with Hong Kong Listing Rule 13.10B and is solely to ensure equal information dissemination. – The documents do not constitute an offer or solicitation in Hong Kong, the United States or any other jurisdiction.

Business & Financial Snapshot (as at 30 June 2025) – Total assets: RMB165.24 billion. – Total liabilities: RMB157.01 billion, of which RMB41.68 billion are current interest-bearing borrowings. – Cash and cash equivalents: RMB2.00 billion. – Property development remains the core business, with 600+ projects across 80+ PRC cities.

Risk Highlights – Ongoing liquidity pressure across China’s real-estate sector. – Continued reliance on asset disposals and capital-market solutions to meet offshore debt obligations. – The notes’ collateral and MCB conversion terms are subject to intercreditor arrangements and market conditions.

Timetable – Original issue date: 23 March 2026. – Listing documents are now available on SGX-ST’s website; the Hong Kong Stock Exchange has simultaneously posted the materials on its news platform.

Sino-Ocean emphasises that the listings serve its bilateral debt-restructuring strategy and that no public offering of the securities is contemplated in Hong Kong, the United States or elsewhere.