Golden Wheel Tiandi Holdings Company Limited announced the Company's 12.95% Senior Notes due 2022 (ISIN: XS2100655807) with outstanding principal amount of USD 121,506,000 (“12.95% Senior Notes due 2022”); (ii) the Company's 14.25% Senior Notes due 2023 (ISIN: XS2199251823) with outstanding principal amount of USD 178,495,000 (“14.25% Senior Notes due 2023”); and (iii) the Company's 16.0% Senior Notes due 2023 (ISIN: XS2348197554) with outstanding principal amount of USD 144,999,000 (“16.0% Senior Notes due 2023”, and together with the 12.95% Senior Notes due 2022 and 14.25% Senior Notes due 2023, the “Existing Notes”). Reference is also made to the announcements of the Company dated 6 December 2021, 10 December 2021, 21 December 2021 and 31 December 2021 (the “31 December Announcement”) (together, the “Announcements”). Unless otherwise stated, capitalised terms used in this announcement shall have the same meaning as ascribed thereto in the RSA (as defined in the 21 December Announcement) or the Announcements (as applicable).

STRONG SUPPORT FOR THE PROPOSED RESTRUCTURING FROM HOLDERS REPRESENTING MORE THAN 85% OF THE AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF THE EXISTING NOTES, WHICH REPRESENTS MORE THAN THE 75% VALUE THRESHOLD REQUIRED UNDER THE CAYMAN SCHEME AND WILL ENABLE THE COMPANY TO EXTEND THE MATURITY PROFILE OF THE EXISTING NOTES PURSUANT TO THE CAYMAN SCHEME. Further to the 31 December Announcement, Golden Wheel Tiandi Holdings Company Limited announced that it has obtained further support from the Existing Noteholders for the Proposed Restructuring and as of 5.00 p.m. Hong Kong time on 14 January 2022 (i.e. the General RSA Fee Deadline), Existing Noteholders representing more than 85% of the aggregate outstanding principal amount of all three series of the Existing Notes and more than 80% of the aggregate outstanding principal amount of each series of the Existing Notes (“Consenting Creditors”) have duly executed, or have duly acceded to, the RSA, and in each case, are bound by the terms of the RSA. As noted in the 31 December Announcement, the overwhelming support received by the Company for the Proposed Restructuring marks a major milestone achievement for the success of the Proposed Restructuring, and represents more than the 75% Value Threshold required under the Cayman Scheme and will enable the Company to extend the maturity profile of the Existing Notes pursuant to the Cayman Scheme.