Revenueincreased by over 40% year on year

Contractedsales increased by 123.8% year on year

Businessof asset-light model contributed to over 50% of total revenue for the firsttime

Developing itself into an industrial and financial group that runscomprehensive community-based businesses with equal emphasis on asset-light andasset-heavy models

Financialand operation highlights:

HONG KONG, CHINA - Media OutReach - 23 August2018 - Fantasia Holdings Group Co.,Limited ("Fantasia", or the "Company", which together with itssubsidiaries, is referred to as the "Group"; HKEx stock code: 1777), thelargest community-based service platform operator in China, today announced itsunaudited interim results for the six monthsended 30 June 2018 (the "Period").

During the Period, the Group'scontracted sales increased by 123.8% YoY to RMB11,307.33 million. The Groupsold 1,165,185 sq.m. of properties under contracts. Revenue increased by 42.8% YoYto approximately RMB5,196 million, compared with the approximately RMB3,637million for the corresponding period in 2017. Profit for the Period increasedby 15% YoY to approximately RMB180 million, compared with the approximately RMB156million in the corresponding period of 2017. Gross profit increased by 18.8% yearon year to approximately RMB1,318 million for the Period, from the approximatelyRMB1,109 million for the corresponding period in 2017. Gross profit margin was maintainedat a normal level of 25.4%. Basic earnings per share were 1.78 RMB cents (thecorresponding period in 2017: 1.41 RMB cents, increased by 26.2% YoY).

The Group continued with itsfinancially prudent approach to development. As at 30 June 2018, the Group'sbank balances and total cash was approximately RMB22,610 million representingan increase of approximately 37.5% from RMB16,442 million as at 31 December2017. This means the Group is well-positioned to grasp opportunities for mergersand acquisitions in the second half of the year and next year. Meanwhile, thenet gearing ratio remained at 82.9%, reflecting the Group's financially prudentapproach to business.

Contracted salessurged by 123.8% year on year; High-quality land bank ensures future growth

During the Period, the Group's 27projects in 15 Chinese cities mainly contributed to its contracted sales. Suchcities included Chengdu, Shenzhen, Wuhan, Tianjin, Guilin, Huizhou and Nanjing.Of the Group's total contracted sales, 7.00% was derived from its urban complexprojects, and 83.55% was derived from upscale boutique residential projects.Major property markets such as those in Chengdu-Chongqing Economic Zone, PearlRiver Delta Region, Central China Region, Yangtze River Delta region andBeijing-Tianjin Metropolitan area contributed to 53.04%, 18.10%, 14.92%, 8.16%and 5.78% respectively of the total contracted sales.

Construction of the Group's propertyprojects with total gross floor area ("GFA") of 2.29 million square metres ("sq.m.")started in the first half of the year. Projects with total planned GFA ofnearly 5 million sq.m. were under construction during the Period. All suchproperty projects are scheduled to be completed in 2019 and 2020. During thePeriod, the Group continued to adhere to its prudent investment strategy and continuedto acquire lands in first-tier cities such as Beijing, Shanghai, Shenzhen,Wuhan and Chengdu where the property markets have huge potential for growth andare capable of yielding good returns. As of June 30, 2018, the Group had landbank with a total site area of 22,000,000 sq.m. and total saleable resourceswith market value of over RMB300 billion. The land bank is sufficient for theGroup's business development in the next three years. Included in the land bankis a combined site area of over 2.1 million sq.m. and of market value of morethan RMB100 billion for seven urban renewable projects in Shenzhen.

Colour Life consolidates its leading position bysuccessfully acquiring and upgrading Wanxiangmei; Value-added service contributedto 35.8% of the profit

During the Period, Colour Life (HKEx stock code: 1778), a subsidiary of Fantasia, continuedto expand its business through a mode of operation that comprised discretionaryauthorisation by business partners plus cooperation through online platform.The move resulted in consistently rapid growth in the area of propertiesserviced by Colour Life's online platform. As at 30 June 2018, the total areaof properties managed by Colour Life under contracts increased by 63.8 millionsq.m. YoY to 484.0 million sq.m. and the total the number of communitiesserviced by Colour Life increased by 220 YoY to 2,555 communities. In additionto the acquisition of Wanxiangmei that added 36.8 million sq.m. of propertiesmanaged by the Group, most of the other communities were added to the ColourLife's customer base that subscribed to its property management service undercontracts through discretionary authorisation by its business partners. Thisfully indicated Colour Life's competitiveness and brand awareness. Existingprojects managed by Colour Life are located in 249 Chinese cities (includingHong Kong) and Singapore.

Meanwhile,Colour Life established connections with excellent business partners in the propertymanagement industry through cooperation in online platform and exported itsunderlying technology of to help them explore new sources of income from value-addedservices without sharing in their existing profits from their basic property managementservices. Since it launched the mode of operation which is cooperation throughits online platform, Colour Life has met with enthusiastic responses from otherproperty management firms as its business partners. As at 30 June 2018, ColourLife had a total cooperation area of 497.4 million sq.m. The area of properties serviced by Colour Life's online platform reached981.4 million sq.m. With continuousexpansion in service scale of the platform, as at 30 June 2018, the number ofregistered users of Caizhiyun (彩之雲) increased by 252.1% YoY to more than 14.5 million, of which 3.8 were millionactive users, up by 56.0% YoY. During the Period, Caizhiyun's value-addedbusiness generated income of RMB212.3 million, up by 91.7% YoY. The operationalso recorded a gross profit margin of 71.8% and contributed to 35.8% of ColourLife's segment profit.

On 31 March2018, the Group launched a new product called "Colour Benefit Life (彩惠人生)" so as to graspthe business opportunity that arose from the property management fee payment byapplying the new retail model in the communities. As at 30 June 2018, thecumulative number of transactions at "Colour Benefit Life" (｢彩惠人生｣) was 325,400 and the cumulative grossmerchandise value was RMB28,646,900. The amount of property management feesthat was offset totalled RMB12,811,200, and 44,026 families enjoyed reduction in or exemptionfrom property management fees.

Home E&Ecarried out transnational cooperation and made its debut on the international market

As at 30 June 2018, the Group's subsidiary Home E&E has a total of 24 million sq.m. of properties underits management and the total chargeable area was 5.16 million sq.m. HomeE&E has also reached a strategic partnership with China Thailand BandEnterprise Management Company Limited (CTB) to manage properties of a total areaof 2.8 million sq.m. Home E&E's first transnational cooperation with abusiness partner from Thailand is of significance to the company because itmarked Home E&E's debut on the international market. The cooperation canpave way for the further expansion of Home E&E's business into the rest ofthe global market.

The Group is developing itself into anindustrial and financial group that runs comprehensive community-basedbusinesses with equal emphasis on asset-light and asset-heavy models

In the first halfof 2018, apart from the real-estate and property management business, the grouphas been developing itself into an industrial and financial group that runscomprehensive community-based businesses which are driven by two "locomotives"in the form of fixed assets and service businesses with asset-light model.Other businesses, including the Financial Group, Business Management Group,Cultural and Tourism Group, Shenzhen Futainian Investment Management Co., Ltd.,Shenzhen Qianhai Jianian Investment Fund Management Co., Ltd., Trading Company wereperforming well, meeting the management's expectations.

Communityfinance is an important driving force and one of the core businesses under theGroup's "Community Plus" strategy. In the first half of 2018, the Groupsuccessfully launched services such as "Caifubao" and "Zhong An Xin". In thefuture, the Community Financial Group will continue to build on its innovativeonline-to-offline ("O2O") community financial service platform and providecustomers with innovative, convenient, comprehensive financial services. It strivesto become wealth management agency that serves community households with thehuman touch.

Upholding thebusiness philosophy of "steady expansion from a small niche", in 2018, Fantasia Business Management (FBM), awholly owned subsidiary of the Group, undertook entrusted asset managementprojects in a more active manner to build up urban key projects. By doing so,it gradually established strategic presence in four major regions, namelyEastern China, Southern China, Central China and Southwestern China, and hasundertaken over 40 such projects in such provinces as Tibet, Jiangxi, Jiangsu,Sichuan, Guangdong, Hunan, Yunnan and Guizhou. Nanjing Hailrun OMG Mall, whichis a project developed and operated by FBM, had an occupancy rate of over 94%and recorded a total income of nearly RMB15 million in the first half of 2018.Guilin OMG Mall, with an occupancy rate of over 85%, recorded a total income ofover RMB57.2 million for the first half of 2018, and it is committed tobecoming a flagship shopping mall in Lingui New District or even in GuilinCity. "Fantasia World Outlets" in Pi County, Chengdu recorded a total income ofover RMB54.1 million in the first half of 2018

For the Cultural and Tourism Group, FuNian JetAviation won the CCAR-145 maintenance permits and CCAR-135 operationcertificates issued by Central and Southern Region Administration, and dulycommenced the operation of escrow and charter business officially. By relyingon the resources of its own business, it focused on a culture and tourism(aviation) town and developed its businesses of aviation, education and grandhealth in alliance with aviation tourism firms and travel agencies. This willenable Cultural and Tourism Group to build a flagship tourist town that integratesculture, tourism and aviation with Fantasia's characteristics.

Summary

Mr. Pan Jun, Chairman of Fantasia, said, "In the secondhalf of the year, developments of different provincial and municipal propertymarkets will become more divergent and the consolidation of the property sectorwill accelerate. Municipal governments will continue with city-specificpolicies on property market regulation. Fantasia will keep abreast of themarket trends, and forge ahead with its "Community+" strategy, with equal emphasison real estate development and community-based services. Under this strategy,the Group will build intelligent communities to promote smart life. This willenrich the community-based services, thus contributing to a better future ofthe communities and generating better returns to shareholders."

About Fantasia Holdings Group Co., Limited

Founded in 1998,Fantasia was successfully listed on the Main Board of The Stock Exchange ofHong Kong in November 2009 under the stock code 1777. Having completed itsstrategic plan for business development in the upcoming era of mobile internetand customer big data, Fantasia Group has evolved into a leading financialholding group in China, with a business model driven by financial operations,anchoring on services, and supported by property development. Fantasia conductsa full range of operations and community services, covering eight major areasof value-added services in 181 cities in mainland China, namely -- financialservices for communities, Colour Life Residence services for communities,property development, operation of commercial properties for internationalbusiness and tourism, cultural tours of communities, commercial propertymanagement in communities, elderly care and education in communities. So far,the Group has three publicly-listed companies -- Fantasia Holdings Group(01777.HK), Colour Life (01778.HK) and Home E&E (834669.CC). It has becomethe world's largest residential community service operation provider.

Currently, Fantasiais making good progress with its international business expansion plan and hasestablished branches in Hong Kong, Taipei, Singapore and Tokyo. It has investedin property development projects in Singapore, the United States of America andTaiwan.

It is committed toproviding a joyful, colourful and meaningful living space and experience as aleading industry participant and aims to deliver unique and inspiring livingspace and experience to value-oriented customers.