CIFI Group Announces 2021 Interim Results

• By
  the end of July, CIFI Commercial has entered 16 cities, and opened 9 shopping
  malls, with a total GFA of 630,000 sq.m., and over 30 commercial complexes
  reserved in total laid a solid foundation for achieving rapid rental income
  growth in the next three years.
• As
  of August, LingYu International, a long-term leasing apartment business
  company, has entered more than 10 cities, focusing on 6 core cities, with nearly
  80,000 rooms. It was ranked TOP3 in the development category of long-term leasing
  brands.
• Recently,
  CIFI has signed benchmarking projects under entrusted development, including
  the headquarters of the world’s top 500 companies and commercial complexes, as
  well as residential projects.
• Successfully
  obtained the Wuzhou Hospital project in Chaoyang District, Beijing, which will converge
  Beijing’s outstanding medical rehabilitation resources to create the features of
  intensive rehabilitation. Accordingly, a duel project layout of “medical
  care + elderly care” has been completed in Beijing.

Recognized by international and onshore credit rating agencies

• Standard
  & Poor, Fitch and Moody’s maintained the Company’s credit ratings at “BB” (with
  “Stable” outlook), “BB” (with “Stable” outlook) and “Ba2” (with “Stable” outlook)
  respectively. Lianhe Global maintained the Company’s credit rating at “BBB-“
  (with “Stable” outlook).
• China
  Chengxin Credit Rating, United Ratings and China Lianhe Credit Rating, each
  assigned “AAA” onshore credit ratings to the Company and CIFI PRC.

Fulfilled
high standards of ESG management and become a model of ESG enterprise

• CIFI
  issued the first green finance report, proactively disclosing the use and allocation
  of proceeds from the green bonds and the environmental benefits generated, and
  obtaining independent third-party’s assurance, which set another benchmark among
  industrial peers.
• In
  August, Hang Seng Indexes announced that CIFI would be included to Hang Seng
  ESG 50 Index for the first time.
• Issued
  its first syndicated green loan of nearly HK$2.8 billion.
• In
  May 2021, the Company issued two batches of green US dollar senior notes with an
  aggregate amount of US$500 million. The 5.25-year maturity green senior notes
  bore an interest rate of 4.45% per annum with an amount of US$350 million; while
  the 7-year maturity green senior notes bore an interest rate of 4.8% per annum
  with an amount of US$150 million, representing the longest maturity among
  offshore bonds issued by CIFI.
• Donated
  RMB100 million to Xiamen University to establish the “CIFI Education
  Development Fund” to support university education.
• After
  a devastating rainstorm disaster hit in Zhengzhou City, Henan Province, CIFI Charity
  Foundation announced a donation of RMB10 million to urgently assist the local
  flood prevention and disaster relief work and actively participate in post-disaster
  reconstruction.

Received various domestic and international
awards and recognitions; CIFI’s market position in the industry has been further
enhanced

• CIFI was ranked at 766th in the “Forbes Global 2000
  List”, 142 places higher than last year. In the list, a total of 395 companies come
  from Mainland China, Hong Kong, Macao and Taiwan.
• CIFI was listed in the top 13 of “Comprehensive
  Competitiveness List of 2021 Listed Real Estate Enterprises in China”, 2 places
  higher than last year.
• CIFI
  was ranked 38th in the “2021 Forbes China Philanthropy List”, and the rankings
  had improved for three consecutive years.
• CIFI has won multiple awards in the “2021
  All-Asia Executive Team” of real estate industry comprehensive ranking held by
  the international financial magazine Institutional Investor for the
  fifth consecutive year, and also won the third position of “Honored Companies
  in Asia”.

Financial Summary:

HONG KONG SAR – Media OutReach – 26 August 2021 – CIFI Holdings (Group) Co. Ltd (“CIFI”
or the “Group”, HKEX stock code: 884), a leading real estate developer engaged
in property development and investment business mainly in the first-, second-
and quality-third-tier cities in China, is pleased to announce its interim
results for the six months ended 30 June 2021.

Looking
forward to the second half of 2021, with the solid progress in the national
systematic pandemic prevention and control and the development of economy and
society, the resilience of economic development will continuously be shown.
However, the global pandemic deteriorated due to new varieties of COVID-19, and
the overall environment at home and abroad is still complex and severe. It is
expected that the central government will adhere to prudent real estate
financial management policies in order to prevent financial risks. Furthermore,
regulatory measures system at the supply end will be continuously improved and
deepened, and irregular flow of funds into the real estate market will be strictly
monitored to ensure the realization of the goal of stabilizing land prices, housing
prices and the expectations.

For
the seven months ended 31 July 2021, the Group already achieved contracted
sales of RMB157.03 billion, representing 59% of its 2021 full year contracted sales
target. Thanks to the Group’s proactive implementation and deepening of diversified
channels to acquire lands, deep cultivation in advantageous regions and
expansion in potential cities, its high-quality land bank has covered 85 cities
in different geographical regions, over 90% of which was located at first-,
second- and prosperous third-tier cities with sustained economic recovery. The
Group expects the saleable resources in the second half of the year to be approximately
RMB260 billion, and its management is confident of completing its 2021
contracted sales target.

Mr. Lin Zhong, Chairman and Executive Director of the
Group said, “2021 is the closing
year of the Group’s “Second Five-Year Plan”. Through the unremitting efforts of
all employees, the Group continued to pursue steady and high-quality
development, and achieved balance among scale expansion, profitability, and
financial safety, and consolidated CIFI’s leading position as a top developer
in China’s real estate industry. Looking forward, CIFI is still firmly
optimistic about its principal business of property development, and is committed
to incubating property related businesses to help development and to complement
each other. Meanwhile, the management is also optimistic about the development
of self-owned rental generating properties. The management will continue to explore
the transformation from solely residential development to development + investment
properties, and adheres to the commercial development route of “pursuing high
quality in first- and second-tier cities and pursuing scale in third-tier
cities”. The Group also puts great significance on promoting its management standard
on environmental protection, social responsibility, and corporate governance. From
the level of the Group’s strategic planning, we pledge full commitment to forge
CIFI as one of the Fortune Global 500 enterprises with outstanding results,
persistent performance of social responsibility and excellent corporate
governance.”