HONGKONG, CHINA - MediaOutReach - 8 October 2019 - JiayuanInternational Group Limited ("Jiayuan International" or the "Group"; SEHKstock code: 02768), an established property developer of both large-scaleresidential and integrated commercial complex projects in China, is pleased toannounce that a prestigious international credit rating agency Moody'sInvestors Service ("Moody's") has upgraded the Group's corporate family ratingto "B2" with a stable outlook.

Moody's says the change to JiayuanInternational's corporate family rating reflects the reduced risk of change ofcontrol in Jiayuan International after the Group's founder and chairman ShumTin Ching completed the sale of his property projects in Anhui province to theGroup in August and reduced significantly in the last two months the amount ofloans he has secured with pledged shares in Jiayuan International.

In addition, Moody's expects that the injectionof the Anhui province-based property projects into the Group will help tosustain its contracted sales growth and thus enhance its liquidity over thenext 12 to 18 months. The Group's contracted sales are expected to grow to somewherebetween RMB25 billion and RMB30 billion. The injection of such propertyprojects has also made the Group's geographical market coverage comparable toits mainland China-based peers that also have a corporate family rating of "B2".

Moody's mentions that Jiayuan International'sprojected credit metrics also support its "B2" rating and that the Group's financialposition will remain strong in the next 12 to 18 months. Other factors thathave contributed to the upgraded rating are the good performance of the Group'soperations in Jiangsu province, which is its core market, and the high-qualityland reserves that it has acquired at low costs.

Mr. Zhang Yi, Vice Chairman, President andExecutive Director of Jiayuan International said, "Moody's upgraded the Group's corporate family rating to "B2". This reflects the capital market's recognition ofthe Group's business performance and effort to optimize its debt structure. TheGroup has replenished its quality land bank and extended its business footprintto Anhui province after it has completed the acquisition of some propertyprojects in Anhui province from its chairman in August. With the contributionfrom the property projects in Anhui to sales, the management of the Group is confidentthat the Group can fulfil its sales target for the year. In the future, theGroup will continue to optimize its financial structure, capitalize on the state policies onnational development, and develop property projects in such key areas asYangtze River Delta, Guangdong-Hong Kong-Macau Greater Bay Area and the regionscovered by China's Belt and Road Initiative so as to maximize the returns toshareholders."

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 June 30, 2019, the Grouphas a portfolio of more than 47 property projects, covering the cities ofNanjing, Yangzhou, Changzhou, Nantong, Taizhou, Zhenjiang and Suzhou. Since2016, 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; and purchasedthe quality properties of Shanghai from Mr. Shum Tin Ching, Chairman of theGroup, thus enhancing its brand influence in the Yangtze River Delta Region. Inaddition, the Group also succeeded in expanding its business coverage to keyprovincial capital cities, including Guiyang and Urumqi. The Group alsoventured into countries and regions along the "Belt and Road" initiative, suchas acquiring fine and parcels in Cambodia. In addition, the Group is pending toacquire various projects located in major cities of Anhui province fromChairman Shum, signifying a new level in the Group's international development.