Mingfa International : VOLUNTARY ANNOUNCEMENT UNAUDITED CONTRACTED SALES PERFORMANCE FOR THE THREE MONTHS ENDED 31 MARCH 2021

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Mingfa Group (International) Company Limited

明 發 集 團（ 國 際 ）有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 00846)

VOLUNTARY ANNOUNCEMENT

UNAUDITED CONTRACTED SALES PERFORMANCE FOR THE THREE MONTHS ENDED 31 MARCH 2021

This announcement is made by Mingfa Group (International) Company Limited (the ''Company'', together with its subsidiaries, the ''Group'') on a voluntary basis.

The board of directors (the ''Board'') of the Company is pleased to announce that, based on the contracted sales record of the Company for the three months ended 31 March 2021, the Group achieved unaudited contracted sales of approximately RMB3.54 billion in total, representing an increase of approximately 139.2% when compared to the same period in 2020 (approximately RMB1.48 billion).

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			Average
			Selling
City	Area	Price	Amount	Percentage
			(RMB/	(RMB in
	(sq.m.)	sq.m.)	million)	(%)
Ma'anshan, Anhui Province	51,741	6,951	359.7		10.2%
Yan'an, Shannxi Province	28,821	8,984	258.9	7.3%
Changsha, Hunan Province	35,368		6,971	246.6		7.0%
Fengxian, Jiangsu Province	41,738		5,857	244.4		6.9%
Taizhou, Jiangsu Province	36,844		6,321	232.9		6.6%
Qingyan, Anhui Province	36,602		6,019	220.3		6.2%
Jinzhai, Anhui Province	38,343	5,734	219.9	6.2%
Nanjing, Jiangsu Province	12,563	17,362	218.1	6.2%
Suqian, Jiangsu Province	31,917	6,501	207.5	5.9%
Zhangzhou, Fujian Province	24,285	8,303	201.6		5.7%
Xiamen, Fujian Province	10,428		18,601	194.0		5.5%
Danyang, Jiangsu Province	28,039	5,984	167.8		4.7%
Lai'an, Anhui Province	13,356		8,887	118.7		3.4%
Shenyang, Liaoning Province	15,774		7,379	116.4		3.3%
Chizhou, Anhui Province	13,942		7,933	110.6		3.1%
Others	61,039	6,924	422.6		11.8%
	480,800		7,363	3,540.0		100.0%

The information set out above are unaudited figures based on the contracted sales record of the Company, which may differ from the figures to be disclosed in the annual report to be published by the Company on an annual basis. The above figures are provided for reference only and do not mean to be complete. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

On behalf of the Board

Mingfa Group (International) Company Limited

POON WING CHUEN

Company Secretary

Hong Kong, 3 May 2021

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As at the date of this announcement, the Board comprises:

Executive Directors:	Mr. Liu Yuwei, Mr. Ng Man Fung Walter and
	Mr. Zhong Xiaoming
Non-executive Director:	Dr. Lam, Lee G. (Chairman of the Board)
Independent non-executive	Mr. Lau Kin Hon, Mr. Chu Kin Wang Peleus, and
Directors:	Mr. Chan Sing Lai

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