HONG KONG, CHINA - Media OutReach - 3 July 2020 - CIFIHoldings (Group) Co. Ltd. ("CIFI" or the "Group", HKExstock code: 884) is pleased to announce that in June 2020, the Group achievedthe contracted sales of RMB25.13 billion, representing a YoY increase ofapproximately 12% (compared to June 2019). Contracted GFA amounted toapproximately 1,555,600 sq.m.. Contracted ASP was approximately RMB16,200/sq.m.in June 2020.

For thefirst half of 2020, the Group achieved contracted sales of RMB80.73 billion.Contracted GFA amounted to approximately 4,895,900 sq.m.. Contracted ASP wasapproximately RMB16,500/sq.m. from January to June 2020.

For thefirst half of 2020, the Group's contracted sales distribution are as follow:

Land Acquisition

In June2020, the Group completed the following land acquisitions:

Diversified Land Acquisition Channels

In June2020, the Group successfully completed the acquisition of Chang'an Road Projectin Huangdao District, Qingdao City and Fenglin New Town Project in LuozhuangDistrict, Linyi City. They are the eighth and ninth property projects acquiredthrough diversified land acquisition channels.

Chang'anRoad Project in Huangdao District, Qingdao City is located in the old town ofthe West Coast New District, which is one of the state-level new districtearmarked for development. It enjoys convenient transportation as it will benear the planned metro station on line 6. The project will consist of a commercialcomplex and a shopping street modeled on ancient architecture. It will be wellserved by comprehensive amenities and facilities in its surrounding area. Theproject has locked in GFA of 2 million sq.m. since August 2017, with anexpected saleable value of more than RMB30 billion. The first batch ofdevelopment lands were auctioned in June 2020 with the ratio of estimatedcontracted sales to land cost at 4.0 times. The estimated saleable resources ofthe first batch of development lands is RMB1.5 billion.

CompanyNews

On 9 June, CentralWealth Securities initiates coverage on CIFI in a research report, titled"Steady growth with comprehensive development of high quality and efficiency".It is the 40th major securities house in both onshore and offshore market thatcover CIFI. In its research report, Central Wealth Securities highly valuesCIFI's right timing for land acquisitions in property investment cycle and itsoutstanding capabilities to steadily increase its equity stakes in propertyprojects. The securities brokerage firm is also impressed with CIFI's abilitiesto acquire lands through diversified channels, control the land costs, build upa portfolio of quality lands and the good judgment regarding investment. Allthese strengths of CIFI have been driving the growth in both the scale ofbusiness and financial results. At the same time, the Group's sound financialmanagement ensures its healthy development while its organizational reform isconducive to the efficient expansion of its business. Central Wealth Securitiesgives a BUY rating and target price of HK$7.50 on CIFI in its initial coverageof the Company.

On 15 June, CIFIHoldings is pleased to announce that under the general mandate, the Groupcompleted an issue of 185 million new shares to a well-known internationallong-term fund at the placing price of HK$6.28 per share, representing only1.26% discount to the closing price of previous trading day and a premium of6.21% over the average price of previous ten trading days. The result reflectsthe strong confidence of this international long-term fund in CIFI and itsfuture business outlook.  The netproceeds are approximately HK$1,153 million, which the Group intends to use theproceeds for project development and as working capital and general corporatepurposes.