[China Metro-Rural Holdings Limited CNR Announces Closing for issuance of US$5 Million Convertible Bonds NEW YORK, (MARKETWIRE) – January 28, 2014 – China Metro-Rural Holdings Limited (the “Company”) is pleased to announce the closing of a private placement of US$5,000,000 principal amount, 10 per cent. convertible bonds due 2016 (the “2014 Bonds”), to an independent third party (the “Investor”) as] [[China Metro-Rural Letterhead] January 28, 2014 www.sec.gov www.chinametrorural.com Yours truly, FOR AND ON BEHALF OF CHINA METRO-RURAL HOLDINGS LIMITED Sio Kam Seng Acting Chief Financial Officer China Metro-Rural Holdings Limited Number of Issue/exercise shares price Consideration US$ US$ Private Placement Closed on 2 August 2011:] [Issuance of Convertible Bonds Company Bonds CBs Ordinary Shares Investor On January 27, 2014, China Metro-Rural Holdings Limited (the “ Under the terms of the CBs, the Investor has the right to put back the CBs to the Company after 18 months of the date of issue of the CBs at an amount equal to 100 percent of the principal]