On 6 April 2022, CIFI Holdings (Group) Co. Ltd. commenced the Offer with respect to the outstanding Notes in accordance with the terms and conditions set out in the Offer to Purchase. Subject to the terms and conditions contained in the Offer to Purchase, the Company is offering to purchase for cash for any and all of the outstanding Notes. The Company will determine, in its sole discretion, the aggregate principal amount of Notes (if any) that it will accept for purchase pursuant to the Offer, which may be significantly more than or significantly less than the tendered Notes, or to accept none of such Notes. The Notes purchase price payable to the Eligible Holders whose Notes are accepted for purchase will be equal to CNY 10,000 for each CNY 10,000 in principal amount of the Notes. In addition, holders whose Notes are accepted for purchase pursuant to the Offer will also receive accrued and unpaid interest on the principal amount of the Notes from and including the last interest payment date applicable to the Notes up to, but excluding, the Settlement Date. No tenders of the Notes will be valid if submitted after the Expiration Deadline. In all cases, the Company will round downward, if necessary, to ensure all purchases of Notes will be in a minimum principal amount of CNY 1,000,000 and integral multiples of CNY 10,000 in excess thereof. Separate Tender Instructions must be submitted on behalf of each individual beneficial owner due to potential proration. Tender Instructions will be irrevocable once delivered in accordance with the terms of the Offer. The Company intends to finance the Offer mainly with internal cash resources. The Offer commenced on 6 April 2022 and will expire at 4:00 p.m. (London time) on 12 April 2022, unless extended, reopened, amended and/or terminated as provided in the Offer to Purchase, in which case an announcement to that effect will be made by the Company. Although the Company has no present plans or arrangements to do so, the Company reserves the right to
waive, amend, extend, terminate or withdraw the Offer and the terms and conditions thereof at any time, subject to applicable law.
The Company will announce the result of the Offer as soon as reasonably practicable after the Expiration Deadline. The Notes repurchased by the Company pursuant to the Offer will be cancelled and those Notes will cease to be outstanding. The Notes which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding. Any Notes that remain outstanding after the Offer will continue to be the obligations of the Company. Holders of those outstanding Notes will continue to have all the rights associated with those Notes. The Company will from time to time issue announcements in respect of the progress of the Offer as and when necessary pursuant to the Listing Rules and other relevant rules and regulations.