HONG KONG, CHINA - Media OutReach - 15 May 2019 - Jiayuan International Group Limited ("JiayuanInternational" or the "Group"; SEHK stock code: 02768), an established propertydeveloper of both large-scale residential and integrated commercial complexprojects in China, is pleased to announce that it has been placed on review forthe upgrade of the Group's corporate rating and debt rating by theinternational credit rating agency Moody's Investors Service ("Moody's"), with theratings expecting to be upgraded in the near term.

Moody's says the reviewfor upgrade reflects the firm's expectation that Jiayuan's liquidity andoperating performance will improve because of the issuance of USD notes in May2019 and the proposed acquisition of assets from the Group's major shareholder.

Moody's expects theGroup's balance sheet cash as of December 2018 and its operating cash flow in2019 will be sufficient to repay its matured debts.

Moody's also points outthat Jiayuan proposed to acquire property projects from Mr. Shum Tin Ching, thechairman and the largest shareholder of the Group, the signed agreement betweenthe Group and Mr. Shum are pending for approval. Upon completion oftransaction, the Group's business footprint and geographic presence will bebroadened, which will be positive to the credit rating. In addition, thetransaction that will funded through a new equity issuance to Mr. Shum willalso strengthen the Group's equity base and help alleviate its debt leverage.

Mr. Zhangyi, ViceChairman, President and Executive Director of Jiayuan International said, "The ratingson review for upgrade placed by Moody's reflects the capital market'saffirmation of the Group's recent business performance and effort on optimizingits debt structure. Jiayuan International, as a leading civilian-ownedenterprise that has access to abundant capital, will continue with itspragmatic approach to business diversification. Looking ahead, JiayuanInternational will continue to capitalize on the state policies by acquiringlands or property development projects in the Yangtze River Delta andGuangdong-Hong Kong-Macau Greater Bay Area through tenders by itself or throughjoint ventures. It will also seek to acquire quality property projects inprovincial capitals and economically vibrant cities in mainland China and othercountries and regions which are covered by China's Belt and Road Initiative soas to maximize the shareholder value."

About Jiayuan International

JiayuanInternational is an established property developer of large-scale residentialand integrated commercial complex projects in different major cities in thePeople's Republic of China ("PRC"). With over 20 years of experience inproperty development, the Group develops property projects throughcomprehensive planning, meticulous quality control, sophisticated operatingsystems and experienced professional teams to meet the needs of differentregions and strengthen the Group's brand image. As of December 31, 2018, theGroup has a portfolio of more than 45 property projects in China, covering thecities of Nanjing, Yangzhou, Changzhou, Nantong, Taizhou, Zhenjiang and Suzhou.Since 2016, the Group has taken the lead in entering Guangdong-Hong Kong-MacaoGreater Bay Area, and has successively obtained a number of quality projects inShenzhen, Jiangmen and Macau. In 2018, it established a joint venture companyin Hong Kong to formally enter the Hong Kong real estate market. It has alsopurchased some quality property projects in Shanghai and Anhui province as wellas a property management business from Mr. Shum Tin Ching, the chairman of theGroup. The moves can enhance Jiayuan International's brand influence in theYangtze River Delta. In addition, the Group also succeeded in exptending itsmarket coverage to key provincial capital cities, including Guiyang and Urumqi.The Group also entered the markets of countries and regions covered by China'sBelt and Road Initiative. For example, it has entered the market of Cambodia,marking a milestone in the internationalization of the Group's business.