CIFI : GRANT OF SHARES UNDER THE SHARE AWARD SCHEME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CIFI Holdings (Group) Co. Ltd.

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00884)

GRANT OF SHARES

UNDER THE SHARE AWARD SCHEME

References are made to the announcements of the Company dated 18 December 2017 and 29 December 2017 in relation to the adoption of the Share Award Scheme. The Share Award Scheme does not constitute a share option scheme pursuant to Chapter 17 of the Listing Rules.

During the six months ended 30 June 2018, the Trustee purchased 14,650,000 Shares on the open market under the Share Award Scheme at a total cost (excluding related transaction costs) of HK$75,313,200. Such purchased Shares represent approximately 0.19% of the Company's total number of issued Shares as at the date of this announcement.

The Board resolved to grant 2,930,000 Shares under the Share Award Scheme to Mr. LIN Feng, an executive Director, on 16 August 2018. Such Awarded Shares will be vested to Mr. LIN Feng (or his designated family trust of which he is a beneficiary) on or after 17 August 2018. The Awarded Shares represent approximately 0.04% of the Company's total number of issued Shares as at the date of this announcement.

The grant of Awarded Shares to Mr. LIN Feng forms part of his remuneration package under the relevant service arrangement between him and the Company, and is therefore fully exempt from the reporting, announcement and independent Shareholders' approval requirements under Rules 14A.73(6) and 14A.95 of the Listing Rules. Mr. LIN Feng, together with Mr. LIN Zhong and Mr. LIN Wei (being the brothers of Mr. LIN Feng) had abstained from voting so far as the resolution for approval of the grant of the Awarded Shares to Mr. LIN Feng was concerned.

Except for the grant of Shares as mentioned in this announcement, no other Shares have been granted under the Share Award Scheme from the date of its adoption.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following terms shall have the meanings set out below:

"Awarded Shares"	2,930,000 Shares awarded to Mr. LIN Feng under the Share
Award Scheme
"Board"	the board of Directors
"Company"	CIFI Holdings (Group) Co. Ltd. (ϛሾછٰ€ණྠϞࠢʮ
̡), a company incorporated in the Cayman Islands with
limited liability and the shares of which are listed on the
Main Board of the Stock Exchange (stock code: 00884)
"Director"	a director of the Company, and "Directors" shall be
construed accordingly
"HK$"	Hong Kong dollar, the lawful currency of Hong Kong
"Hong Kong"	the Hong Kong Special Administrative Region of the
People's Republic of China
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
Exchange
"Share Award Scheme"	the share award scheme of the Company adopted by the
Board on 18 December 2017, as amended and supplemented
from time to time
"Share(s)"	the ordinary share(s) of HK$0.10 each in the share capital of
the Company
"Shareholders"	holder(s) of the Shares
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Trust Deed"	the trust deed dated 18 December 2017 entered into by the
Trustee (as restated, supplemented and amended from time
to time)

"Trustee"	the trustee for the time being of the trust declared in the
Trust Deed
"%"	per cent.
Hong Kong, 16 August 2018

By order of the Board CIFI Holdings (Group) Co. Ltd.

LIN Zhong Chairman

As at the date of this announcement, the Board comprises Mr. LIN Zhong, Mr. LIN Wei, Mr. LIN Feng, Mr. CHEN Dongbiao and Mr. YANG Xin as executive Directors; Mr. ZHOU Yimin as non-executive Director; and Mr. GU Yunchang, Mr. ZHANG Yongyue and Mr. TAN

Wee Seng as independent non-executive Directors.