, Dusit International.)

2018Annual Results Highlights:
HONG KONG,CHINA - Media OutReach - CIFI Holdings (Group) Co. Ltd.("CIFI" or the "Group", HKEx stock code: 884), a leadingreal estate developer engaged in the property development and investmentbusiness in the first-, second- and robust third-tier cities in China, ispleased to announce its annual results for the year ended 31 December 2018.
Mr.Lin Zhong, Chairman and Executive Director of the Group said, "dueto the stringent real estate controls and tight liquidity environment in 2018,land prices in second- and strong third-tier cities have shown dramaticcorrections. We believe that these city segments will offer attractiveinvestment opportunities in the medium and long term, especially in the morechallenging industry environments."
"CIFI has always been pursuing sustainable, rapid and quality growth. Wehave set an initial contracted salestarget for the full year of 2019 at RMB190.0 billion, representing anincrease of 25% from the contracted sales in 2018. Supply of saleable resources are estimated to amount to over RMB350billion for the full year of 2019. Based on our abundant saleable resourcesand conservative sell-through assumption, we are confident of achieving our2019 yearly sales target. We are confident that our massive and welldiversified portfolio of saleable resources acquired at reasonable land costswill be defensive in the current tight real estate environment and will providesubstantial upside potential when real estate policies become favourable againin future." Mr. Lin concluded.
Headquartered in Shanghai, CIFI is one of China's top real estate developers. CIFI principally focuses on developing high-quality properties in first-, second- and robust third-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.
To learn more about the Company, please visit CIFI's website at: https://www.cifi.com.cn