Property

CIFI's Contracted Sales for First 5M 2016 Recorded a YoY Growth of 204%, Exceeded 63% of Full Year Target

HONG KONG, June 6, 2016 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 100 Real Estate Developers in China" is pleased to announce that contracted sales for May 2016 increased 157% year-on-year to RMB5.33 billion, with the contracted GFA was approximately 300,000 sq.m.

In May 2016, the Group's contracted ASP was RMB 17,700 per sq.m., up approximately 42% year-on-year.

From January to May 2016, contracted sales of the Group increased 204% year-on-year to RMB23.1 billion with a contracted GFA of approximately 1,326,000 sq.m., while contracted ASP from January to May 2016 was approximately RMB17,400 per sq.m., up approximately 41% year-on-year. During the first five month of 2016, contracted sales of the Group achieved 63% of its full year contracted sales target of RMB36.5 billion.

Land Acquisition

In May 2016, the Group has successfully conducted the following acquisitions. What's more, for the first time, the Group acquired land at reasonable cost and entered the market in Ningbo, the Zhejiang Province:

City

Project

Group's
Current
Equity
Interest

Intended
Primary
Use

Site
Area

(sq.m.)

Total
Planned
GFA

Excluding
Carpark
(sq.m.)

Group's
Attributable
Consideration
(RMB)

Average

Land
Cost
(RMB/

sq.m.)

Wuhan

Hanyang District,
Hanqiao Village

Project Section B

55%

Residential

Commercial

103,822

481,010

1,190,500,000

4,500

Shenyang

Hunnan District

GN-GX-07-27
Project

50%

Residential

33,108

66,217

53,470,000

1,615

Ningbo

Yinzhou District
Zhonggong
Temple Project

100%

Residential
Commercial

38,256

72,686

769,020,000

10,580

On 25 May 2016, CIFI's chairman, Mr. Lin Zhong, was awarded "Best IR by Chairman/CEO -- Mid Cap" organized by Hong Kong Investor Relations Association ("HKIRA") for two consecutive years for its excellence on financial performance, management, corporate governance, social responsibility, environmental responsibility and investor relations.

HKIRA advocates the setting of international standards in investor relations education and promotes best investor relations practices.

About CIFI Holdings (Group) Co. Ltd.

CIFI is headquartered in Shanghai and is amongst China's Top 30 Real Estate Developers. CIFI principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. CIFI's development projects cover various properties types including residential, office and commercial complexes. To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.cn