HONG KONG SAR - Media OutReach - 3February 2021 -

• InJanuary 2021, the Group achieved contracted sales of approximately RMB 16.22billion, representing a YoY increase of approximately 66% (compared to January2020). Contracted GFA amounted to approximately 990,400 sq.m..

• ContractedASP was approximately RMB 16,400 / sq.m. in January 2021.

Land Acquisition

• InJanuary 2021, the Group completed the following land acquisitions: 

CompanyNews

• CIFIformed a 65:35 joint venture with Zhang Tai Holdings to develop residential aproperty project in Guangxi, accelerating the development of the Group'scommercial and residential property development business in Guangxi, andfurther expanding its business presence in southern China and increasing thenumber of its property projects through acquisition there. Moreover, EverSunshine Lifestyle Services Group, a subsidiary of the Group, announced anacquisition of a 65% equity in the property management business of Zhang Tai,realizing the synergy between the brands of CIFI and Ever Sunshine.
• CIFIsuccessfully issues senior notes with an aggregate principal amount of US$419million. The senior notes are at a coupon rate of 4.375% and yield of 4.4% witha 6.25-year maturity period, which hit the record for the longest maturityperiod and the lowest coupon rate of the Group's offshore bond issuance. Theissue attracts enthusiastic response, with total orders at peak time exceedingUS$4.8 billion, which was over 11 times of the total issue size. 82% of totalissuance is allocated to Asian investors, while the remaining 18% is allocatedto European investors. The final allocation to institutional investors is 72%of total issuance. The proceeds of the note will be used for re-financing ofthe Group's existing indebtedness.
• TheLin family, the major shareholder of CIFI, increased its shareholdings in theGroup by a total of 1.376 million shares, fully reflecting its strongconfidence about CIFI's long-term development capabilities and the room forfuture growth in the stock price.
• CIFIand Peaktop Group jointly held a ceremony for their signing of a strategiccooperation agreement. According to the agreement, the two parties will utilizetheir resources and advantages to carry out in-depth and comprehensivecooperation in the further development of the property market of Dongguan basedon the principles of equality and mutual benefit, resource sharing, andcomplementing each other with their respective advantages. The cooperation willenhance the core competitiveness of the partners and enable them to exploreways to develop for mutual benefit as they are planning to build a better lifefor the people in the Greater Bay Area.

• CIFIhas a good start in several projects:


- Capitalizing on the upcoming Spring Festival,Hangzhou CIFI Zhaowen Huacheng Project sold 288 units with total sales value ofRMB 860 million. Sales reached RMB 810 million with a sell-through rate of 93%on the day of the project launch. It conducted four additional sales launcheswithin 68 days, recording cumulative sales of RMB 2.3 billion.

- Xi'an CIFI Legend Palace Project is located onthe edge of the economic zone of Chanba Headquarters in Xi'an. It and DamingPalace in the north of the city and the commercial zone in the east of the cityform a triad. In the first 8 days that sales were conducted, Xi'an CIFI LegendPalace Project succeeded in registering many home buyers despite thecompetition from low-priced residential units in the city because of itsproduct strength and capability of building up a large customer base. Thecontracted sales at the project in January exceeded RMB 1.0 billion as homebuyers were willing to pay a premium for the properties at the project. As aresult, the project outperformed the market in sales.

• HangzhouCIFI Metropolis Project, China's first BREEAM four-star dual-certifiedresidence, has been started, indicating the recognition of CIFI's greentechnology products. BREEAM certification was founded by BRE (Building ResearchEstablishment) in 1990. It is one of the world's earliest established, mostwidely used, most widely recognized, objective and comprehensive green buildingevaluation, rating and certification standards.
• CIFI'sonline sales mini-program, Xu Ke Jia, was officially upgraded. Xu Ke Jia is anonline sales platform set up by CIFI. It provides customers with detailed andcomprehensive online services like online viewing of show flats, onlineconsultancy and enquires, VR viewing of show flats, mortgage calculator, hotnews, online presale, property agents' recommendations, as well as onlinecommission calculation. The annual transaction amounted to over RMB 13.8billion, and the number of registered property agents reached over 560,000.
• Asone of the first three shortlisted companies, CIFI acquired a 66% equity stakein the 354-mu Xinjin Station TOD project on 4 December 2020 and a 100% equitystake in the 283-mu Wenjiang Wansheng Station TOD (transit-orienteddevelopment) project on 5 January 2021, respectively, in Chengdu, Sichuanprovince. The acquisitions mark Chengdu CIFI's important step in the directionof the overall operation of property projects in a city that embraces the TODconcept, and the beginning of a new government-enterprise collaboration modelfor TOD development. In 2017, Chengdu mapped out its strategy for developingTOD projects. Since 2019, it has been developing TOD projects which have servedas benchmarks worldwide and have set examples for the industry.