Balanced Growth Prudent Development

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Core net profit of RMB2,870 million, increased by 17.3% yoy�

Core net profit margin at 14.3%

Proposed interim dividend of HK10 cents per share, up 43% yoy

Ranked 14^th
nationally in terms of contracted sales of RMB88.44 billion in 1H 2019

2019 INTERIM RESULTS HIGHLIGHTS:

• Core net profit
  reached RMB2,870 million, up 17.3% year-on-year. Adjusted gross profit margin
  and core net profit margin amounted to 34.5% and 14.3% respectively.
• Proposed interim
  dividend of RMB8.93 cents ( or equivalent to HK10 cents) per share, increased by 42.9% year-on-year.
• Contracted sales
  and contracted gross floor area reached RMB88.44 billion and 5,088,200 sq.m.
  respectively, representing strong year-on-year growth of 33.9% and 17.5%
  respectively. During the period, the average selling price was approximately
  RMB17,400/sq.m. The Group achieved a cash collection ratio of over 95% from
  contracted sales. In the first seven months of 2019, the Group already
  completed 54% of its full year 2019 contracted sales target of RMB190 billion.
• Abundant cash on
  hand amounted to RMB54.30 billion. Net debt-to-equity ratio was 69.5%. Weighted
  average cost of indebtedness was 5.9%, which was similar to that of last year.
  (As at the end of 2018: RMB44.62 billion, 67.2% and 5.8%)
• Strategically
  entered 3 new cities and expanded our geographical coverage and diversified
  into cities with different tiers. CIFI was ranked 14th nationally in terms of
  contracted sales amount in the first half of 2019 according to the "China Real
  Estate Enterprises Sales Ranking in the First Half of 2019" published by CRIC
  Information Group.
• International and
  onshore credit rating agencies continued to endorse CIFI's efforts in sales,
  disciplined land-bank expansion and prudent financial management. Fitch and
  Moody's maintained the Company's credit rating at "BB" (with "Stable" outlook)
  and "Ba3" (with "Positive" outlook) respectively, while Standard & Poor's
  upgraded the Company's credit rating outlook to "BB" (with "Stable" outlook).
  China Chengxin Credit Ratings, United Ratings and China Lianhe Credit Rating
  each assigned "AAA" onshore credit ratings.
• Establish CIFI
  commercial headquarter to develop featured business in core cities.
• The Group is confident that it
  will exceed the full-year contracted sales target of RMB190 billion for 2019.

HONG KONG, CHINA - Media OutReach - 13 August 2019 - CIFI Holdings (Group) Co. Ltd.
("CIFI" or the "Group", HKEx stock code: 884), a leading
real estate developer engaged in the property development and investment
business in the first-, second- and robust third-tier cities in China, is
pleased to announce its interim results for the six months ended 30 June 2019.

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The�Group believes that
China's real estate policies will remain tight in the second half of 2019 and
intensity of the real estate control measures is likely to loosen dramatically.
The current tight liquidity environment is expected to persist in the near
future. As a result, China's overall real estate sales volume could continue to
soften in the second half of 2019. In view of this, its proactive land-banking
strategy last year and year-to-date in 2019 has effectively diversified the land
bank to cover 63 cities in different geographical regions. The Group continues
to emphasize on first and second-tier cities, and its land bank now also covers
growing number of selective third-tier cities which have strong real estate
demand and different policy cycles. Supply of saleable resources of the Group
are estimated to amount to over RMB350 billion for the full year of 2019. The
Group is confident that its massive and well diversified portfolio of saleable
resources acquired at reasonable land costs will be defensive in the current
tight real estate environment. The Group is confident that it will exceed the
full-year contracted sales target for 2019.

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Mr. Lin Zhong, Chairman and Executive Director of the Group said, "As a
large-scale national real estate developer, CIFI possesses balanced and quality
saleable resources and prudent financing management, which have demonstrated
our resilience against a challenging policy environment. During the process of
market consolidation and concentration, the Group is also mindful on our brand
recognition and product quality enhancement, while we are gaining size in terms
of sales. With that, we can achieve balanced development and qualitative
prosperity, hence generating decent returns to our shareholders."

About CIFI (Group)

Headquartered in Shanghai, CIFI is one of China's top real estate
developers. CIFI principally focuses on developing high-quality properties in
first-, second- and selective third-tier cities in China. CIFI develops various
types of properties, including residential, office and commercial complexes.

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