Hong Kong, 19 September 2023 - China Aircraft Leasing Group Holdings Limited (“CALC” or the “Company”, together with its subsidiaries, the “Group”; HKEX stock code: 01848.hk) announced the final results of tender offer for purchase of the two USD bonds due 2024: in view of the Company's sufficient liquidity and promising long-term prospect, the Group shall accept all principal amount validly tendered pursuant to the tender offer memorandum dated 6 September 2023. The final aggregate principal acceptance amount shall be US$51.12 million, comprising the final acceptance amount of US$50.72 million for the US$200 million 5.5% Guaranteed Bonds (stock code: 05391.hk) due March 2024 and the final acceptance amount of US$0.4 million for the US$100 million Guaranteed Bonds (stock code: 40972.hk) due December 2024.

The above repurchase is one of the significant initiatives taken by CALC to reduce its short-term liabilities, optimize its debt structure, and control its interest expenses to eventually achieve upgrade in international credit ratings.

Mr. Conrad Li, Chief Financial Officer of CALC, remarked, “Improving the international credit ratings is one of the key strategic goal of the company at this stage. We have strong confidence and determination in achieving sustainable profitability in accordance with prudent plans and measures, aiming at enhancing investors’ long-term expectations for the company. By making more efforts and step-by-step measures, we aim to further improve our operational and financial robustness so as to improve medium and long-term competitiveness of CALC.”