CIFI’s contracted sales grew by 157% year-on-year to RMB26.00 billion in March 2021

HONG KONG SAR – Media OutReach – 8 April 2021 –

• In March 2021, the Group achieved
  contracted sales of approx. RMB26.00 billion, representing a YoY increase of
  approx. 157% (compared to March 2020). Contracted GFA amounted to approx.
  1,491,900 sq.m. and contracted ASP was approx. RMB17,400 / sq.m. in March 2021.
• In the first quarter of 2021
  (from January to March), the Group achieved contracted sales of approx.
  RMB56.70 billion, representing a YoY increase of approx. 153%. Contracted GFA
  amounted to approx. 3,401,100 sq.m.. Contracted ASP was approx. RMB
  16,700/sq.m. in the first quarter of 2021.
• In the first quarter of 2021, the
  distribution of the Group’s contracted sales: 

Land
Acquisition

• In
  March 2021, the Group completed the following land acquisitions: 

Company News

• On
  March 1, CIFI redeemed an aggregate principal amount of approx. US$247 million
  of the outstanding senior perpetual capital securities which were issued on 20
  December 2017. With the accumulative interest accrued to the date of
  redemption, the total amount paid was approx. US$254 million. The total issue
  size of the senior perpetual capital securities was US$300 million and at a
  coupon rate of 5.375%. As of 2 March 2021, this senior perpetual capital
  securities had been fully redeemed by the Group.
• On
  March 2, CIFI announced the redemption of senior notes due 2 March 2021 in full
  at outstanding principal amount of approx. US$240 million. Together with
  interest accrued to the maturity date, the total amount paid at maturity was
  approx. US$250 million. The senior notes were originally issued on 3 January
  2019 with a coupon rate of 7.625%, and the senior notes worth US$400 million
  had been partly redeemed through the period.
• On
  March 10, CIFI issued first corporate bonds in 2021 of RMB1.448 billion at a
  coupon rate of 4.40% with tenor of 3+2 years, which reflected CIFI’s advantages
  in both onshore and offshore capital markets.
• On
  March 16, CIFI ranked the 1st in the “2021 China Real Estate Development
  Enterprise Top 10 Steady Operation” and was ranked 13th in the “2021
  China Real Estate Development Enterprise Top 20 Comprehensive Strength” in
  the “2021 Comprehensive Strength of China Real Estate Enterprises
  Evaluation Results Release Conference” organized by China Real Estate
  Association and Shanghai E-House Real Estate Research Institute China Real
  Estate Evaluation Center, which the Group’s results and performance were highly
  recognized.
• On
  March 25, CIFI announced its 2020 annual results. Total profit grew by 28.7% to
  RMB11.9 billion which exceeding RMB10 billion for the first time of the Group.
  Core net profit to equity owners of the Company increased by 16.3% to a new
  record high of RMB8.03 billion. The Group proposed a final dividend of RMB24.3
  cents (equivalent to 29 HK cents) per share, an increase of 10.8%. Total
  dividends for the year amounted to RMB34.1 cents (equivalent to 40 HK cents)
  per share with a year-on-year growth of 5.3%, while the total accumulated
  dividends since IPO were HK$1.84 per share.
• CIFI arranged large-scale investor live
  webcast presentation and several small group meetings with over 500 investors
  and analysts attended. After the meetings, more than 30 international and
  onshore investment institutions issued research reports, among which a total of
  26 institutions maintained or upgraded their “BUY” rating on CIFI.
• CIFI’s
  first Bay Mansion project in Fujian Province, CIFI Bay Mansion·Wuyuan Bay, is
  located in the Wuyuan Bay area, and contains a full range of living facilities,
  commercial facilities, business facilities and natural resources. The project
  first launched on March 30 with encouraging market response, achieving
  contracted sales of RMB3.0 billion, reflecting the strong product capability
  and brand recognition of CIFI.

Disclaimer:

All
information contained in this newsletter is meant for your own reference only,
and is not intended to, nor should it, constitute any investment advice. 
Any information contained in this newsletter, including those relating to
contracted sales or land bank of CIFI Holdings (Group) Co. Ltd.  (the
“Company”), may be subject to change as a result of changes in our development,
sales and investment processes and may not be consistently reflected in our
financial reports. The Company expressly disclaims any liability for any of
your loss or damage howsoever arising from or in reliance upon the contents of
this newsletter.