REDEMPTION OF 7.625% SENIOR NOTES DUE 2023 (ISIN: XS1952116983; Common Code: 195211698, Stock Code: 5765)

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.

This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell any securities and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. This announcement does not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law.

CIFI Holdings (Group) Co. Ltd.

旭 輝 控 股（ 集 團 ）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00884)

REDEMPTION OF 7.625% SENIOR NOTES DUE 2023

(ISIN: XS1952116983; Common Code: 195211698, Stock Code: 5765)

Reference is made to the announcements of CIFI Holdings (Group) Co. Ltd. (旭輝控股 （集團）有限公司) (the "Company") dated 15 February 2019 and 28 February 2019 (the "Announcements") in relation to the issuance of 7.625% Senior Notes due 2023 (the "Notes"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcements. The Notes are listed on The Stock Exchange of Hong Kong Limited.

Pursuant to the terms of the indenture dated as of 28 February 2019 (as amended or supplemented from time to time, the "Indenture") entered into among the Company, the entities listed on Schedule I thereto as Subsidiary Guarantors and China Construction Bank (Asia) Corporation Limited as Trustee in connection with the Notes, the Company announces that it has informed the Trustee and holders of the Notes that all of the outstanding Notes will be redeemed in full on 10 June 2021 (the "Redemption Date"), at a redemption price equal to 103.8125% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the Redemption Date.

As at the date of this announcement, the outstanding principal amount of the Notes is US$300,000,000. The Company will satisfy the payment of the outstanding principal amount plus accrued and unpaid interest, if any, of the Notes using internal funds.

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Upon redemption of the outstanding Notes on the Redemption Date, all the redeemed Notes will be cancelled and the Company will apply for the withdrawal of the listing of the Notes.

By order of the Board

CIFI Holdings (Group) Co. Ltd.

LIN Zhong

Chairman

Hong Kong, 10 May 2021

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. WANG Wei as non-executive Director; and Mr. GU Yunchang, Mr. ZHANG Yongyue and Mr. TAN Wee Seng as independent non-executive Directors.

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