Chengdu Airport City Development Group Co., Ltd. (hereinafter referred to as "Chengdu Airport City Development Group", Fitch: BB+Front, China Chengxin Asia Pacific: BBBg Front) issued Reg S, 3-year, RMB denominated senior unsecured free trade zone offshore bonds. (PRICED)

The terms are as follows:

Issuer: Chengdu Airport City Development Group Co., Ltd

Issuer rating: Fitch: BB+positive, CITIC Asia Pacific: BBBg positive

Expected issuance rating: BBBg (China Integrity Asia Pacific)

Type: fixed rate, senior unsecured, China (Shanghai) Pilot Free Trade Zone bonds

Issuance rules: Reg S

Issuing scale: RMB 700 million

Term: 3 years

Initial guidance price: 4.50% area

Coupon rate: 4.50%

Yield: 4.50%

Issue price: 100

Delivery date: November 30, 2022

Expiry date: November 30, 2025

Change of control and resale: 101%

Fund purpose: used for project development and supplementary working capital

Other terms: listed on the Macao Stock Exchange; The minimum denomination/increment is 1 million yuan/10000 yuan; English law

Co global coordinators: Essence International, Hongsheng Securities, Macao International Bank

Joint lead agent and joint book manager: Huaxia Bank Hong Kong Branch, Shanghai Banking International, Huisheng Securities, Haitong International, Zhongtai International, Hua'an Securities (Hong Kong), CITIC CLSA, CICC, Dingxin (Securities), Jinlian Securities, Shanghai Securities Hong Kong, Zheshang International Financial Holding

Clearing system: China Government Securities Depository and Clearing Co., Ltd