Ssuccessfully issued the second tranche of domestic corporate bonds

Strengthen the debt structure and reduce financing costs


HONG KONG SAR – Media OutReach – July 21, 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, stock code HKEx: 884), a leading real estate developer engaged in real estate development and investment in first, second and third tier cities in China, is pleased to announce that from July 8, 2021 to July 20, 2021, its main shareholders, the Lin’s family, have again increased their stakes, including the executive directors and controlling shareholders, Mr. Lin Zhong, Mr. Lin Wei and Mr. Lin Feng, had purchased a total of 15,102,000 shares of CIFI for a total consideration of approximately HK $ 80.65 million. Executive Director and Chief Financial Officer Mr. Yang Xin and his wife also purchased 1,000,000 shares on July 20, 2021.

Immediately after the purchase, Lin’s Family owns 4,511,682,342 shares, representing approximately 54.58% of the issued share capital of CIFI as of July 20, 2021.

In addition, the Group successfully completed the public issuance of the second tranche of domestic corporate bonds on July 20, 2021. The actual size of the bonds is 3.0 billion RMB with a coupon rate of 4.2%. per year and maturity is five years. , with an option for the Issuer to adjust the coupon rate and a put option for investors at the end of the third year. The price of the domestic corporate bond is the lowest since 2021 for private real estate developers with the same maturity and issue size of over RMB 3.0 billion. The total auction is 4.79 billion RMB with more than 1.6 times the subscriptions. Among them, non-bank institutions actively subscribed, and the final coupon rate was 4.2%.

The spokesperson for CIFI said: “The increase in the shareholding of controlling shareholders and management reflects their strong confidence in the long-term development of CIFI and the possibility of a future price increase. action. In addition, in the face of the serious macroeconomic situation and the volatility of the risk appetite in the capital market, with the effort of the company team, coupled with the support of the management, they created d ” excellent results in the open market.In the future, CIFI will continue to reduce the overall financing costs and strengthen the debt structure to implement prudent financial management and consolidate the leading position in the Chinese real estate market and generate encouraging returns for our shareholders. “

About CIFI (Group):

Based in Shanghai, CIFI is one of the leading real estate developers in China. CIFI is primarily focused on developing high quality properties in robust first, second and third tier cities in China. CIFI develops various types of properties including residential, office and commercial complexes.

To learn more about the Company, please visit the CIFI website at: www.cifi.com.cn

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