[20 July 2015, Hong Kong] The largest independent aircraft lessor in China – China Aircraft Leasing Group Holdings Limited (“CALC” or “the Group”, stock code: 01848.HK) is pleased to announce that the Group’s wholly-owned subsidiary China Asset Leasing Company Limited (“CALC (TJ)”) has successfully issued its first medium term notes (the “Medium Term Notes”) in the PRC. The five-year RMB340 million Medium Term Notes was a relatively longer term arrangement, comparing with the RMB-denominated notes issued in the market. It was rated AA by China Cheng Xin International, the leading Chinese credit rating agency which is partly owned by Moody’s Investors Service. 

Mr. Barry Mok, Chief Financial Officer of CALC said, “CALC (TJ) is the first aircraft leasing company in the PRC, as well as the first enterprise in the Tianjin Free Trade Zone to issue the Medium Term Notes. We are pleased to have obtained a AA rating for the Medium Term Notes from China Cheng Xin International. With a maturity for 5 years, the Medium Term Notes was a relatively long-term arrangement for the aircraft leasing industry. The Group has been actively exploring diversified financing channels and innovative ways to increase its working capital and enhance its financial liquidity. The issuance of the Medium Term Notes has opened up a domestic financing platform for the Group, and has established a new financing channel for short-term financing and ultra-short-term financing in the future. This has further strengthened CALC’s credibility in the financial market, laying a stronger foundation for the Group’s development to become a full-life aircraft solution provider. The funds raised will be used on aircraft acquisition and fleet expansion, in order to continuously promote the rapid development of the Group’s aircraft leasing business.”