COMPLETION OF REDEMPTION OF SENIOR PERPETUAL CAPITAL SECURITIES (ISIN: XS1732152589; Common Code: 173215258; Stock Code: 5071)

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 does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

CIFI Holdings (Group) Co. Ltd.

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00884)

COMPLETION OF REDEMPTION OF SENIOR PERPETUAL CAPITAL SECURITIES

(ISIN: XS1732152589; Common Code: 173215258; Stock Code: 5071)

Reference is made to the announcement of CIFI Holdings (Group) Co. Ltd. (the "Company") on 1 February 2021 (the "Announcement") in relation to the redemption of the Securities. Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcement.

The Company has redeemed an aggregate principal amount of US$246,908,000 of all of the outstanding Securities on the Redemption Date at the redemption price equal to 100% of the principal amount thereof plus any distribution accrued to the date fixed for redemption (including any arrears of distribution and any additional distribution amount).The total amount paid by the Company on the Redemption Date is US$253,543,652.50. As of the date of this announcement, there are no outstanding Securities in issue.

The Company considers that there will be no material impact on its financial position as a result as a result of the Redemption. The Company has applied to The Stock Exchange of Hong Kong Limited for the withdrawal of the listing of the Securities. Such withdrawal of listing is expected to become effective upon the close of business on 9 March 2021.

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

LIN Zhong Chairman

Hong Kong, 2 March 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.