Paul Hastings Advises Yuzhou Properties On US$129 Million Bond Issue

July 20, 2010

Hong Kong (July 20, 2010) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Yuzhou Properties Company Limited (Yuzhou Properties), a company listed on the Hong Kong Stock Exchange (Stock Code: 1628), on its issuance of approximately US$129 million of fixed rate guaranteed bonds due in 2013.

The bonds will be issued in two tranches to China Life Trustees Limited and will be due in three years. The net proceeds from the bond issue will be used for the potential acquisition of land and general working capital.

Yuzhou Properties is a leading property developer in Chinas Fujian province. Paul Hastings previously advised Morgan Stanley as the sole bookrunner in Yuzhou Properties US$208 million Hong Kong IPO and global offering in November 2009.

Raymond Li, chair of the firms Greater China Practice in Hong Kong, commented: We are seeing an increasing number of Chinese real estate companies looking to expand and make additional investments. Paul Hastings has significant experience advising real estate companies on their fund raising transactions in Hong Kong. A recent example is the successful completion last week of Sino-Ocean Lands landmark US$900 million convertible securities offering.

The Paul Hastings team was led by Raymond Li and included partners Sammy Li and Vivian Lam and associates, Christina Loh, Erika Wan, Vivien Ho and Celia Chau.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.