The investment-grade notes are due 2029

Davis Polk advised the joint lead managers in connection with the $650 million 5.75% Regulation S only guaranteed notes offering due 2029 by Joy Treasure Assets Holdings Inc., a wholly owned subsidiary of China Orient Asset Management (International) Holding Limited (COAM International). The notes are issued under the $1.4 billion medium-term note program established in February 2024.

COAM International is an indirect, wholly owned subsidiary of COAMC Group (China Orient Asset Management Co., Ltd. and its subsidiaries). It serves as the only overseas operating platform of the COAMC Group, offering a specialized, diversified and comprehensive portfolio of financial services and customized solutions, including distressed asset investment, special opportunities investment, and primary and secondary market investment. Strategically located in Hong Kong, COAM International serves as a bridge between domestic resources and overseas markets for the COAMC Group and plays a key role in spearheading the COAMC Group’s cross-border and international businesses.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Anlei Zuo. The trustee counsel team included registered foreign lawyer Sean Su. All members of the Davis Polk team are based in the Hong Kong office.