To further lower financial costs and broaden financing channels for the Group’s sustainable development

HONG KONG SAR- Media OutReach - 31 December 2020 - CIFI Holdings (Group) Co. Ltd. ("CIFI" or the"Group", HKEx stock code: 884), a leading real estate developer andinvestor in first-, second- and robust third-tier cities in China, is pleasedto announce that CIFI signed syndicated loan facility agreements with several banksand financial institutions in Hong Kong.

The signed loan facilities are syndicated bank loans with anaggregate amount of US$362 million, comprising: (i) US$145 million 3.5-yearcertain term loan; and (ii) HKD$1,688 million (equivalent to approximately US$217 million) 3.5-year certain term loan. Proceeds of the loanswill be used for re-financing of the Group's existing debts and/or generalworking capital. The syndicated loans were first led by China CITIC Bank Internationaland Bank of Communications Hong Kong Branch. Participating banks also includeCMB Wing Lung Bank, Tai Fung Bank, The Bank of East Asia and Chong Hing Bank.

Mr. Lin Zhong, Chairman of CIFI, said "The loans are wellsupported by a number of banks and financial institutions, which reflects theirrecognition of credit quality of CIFI. The loans will allow CIFI to furtherlower the overall financing costs, strengthen the debt structure and broadenfinancing channels, which are highly conducive to the Group's sustainable management andbusiness development in future."

About CIFI (Group):

Headquarteredin Shanghai, CIFI is one of China's top real estate developers. CIFIprincipally focuses on developing high-quality properties in first-, second-and select third-tier cities in China. CIFI develops various types ofproperties, including residential buildings, offices and commercial complexes.

Tolearn more about the Company, please visit CIFI's website at:https://www.cifi.com.cn