• In March 2019, the Group achieved contracted sales of RMB19.04 billion, representing a YoY increase of approximately 87% (compared to March 2018). Contracted GFA amounted to approximately 1,028,900 sq.m. and contracted ASP was approximately RMB18,500/sq.m. in March 2019.
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• From January to March 2019, the Group achieved contracted sales of RMB34.41 billion, representing a YoY increase of approximately 27%. Contracted GFA amounted to approximately 1,937,000 sq.m. and contracted ASP was approximately RMB17,800/sq.m. from January to March 2019.
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• From January to March 2019, breakdowns of the Group's contracted sales were as follows:

Land Acquisition

• In March 2019, the Group completed the following land acquisitions:

Major Financing Activities

In March 2019, CIFI issued 5-year US$255 million senior notes at a coupon rate of 6.55% due March 2024. The issue was well received by the capital market. The coupon rate is one of the lowest among the China-based property developers with the same credit level recently.

S&P Upgraded CIFI's Rating to "BB" with "Stable" Outlook

In March 2019, Standard & Poor upgraded CIFI's rating from "BB-" to "BB" with "stable" outlook. S&P's upgrade suggests that CIFI significantly improved its scale of sales and geographical diversity in the past 2-3 years. The "stable" outlook reflects S&P's expectation that CIFI will continue to expand its sales scale with controllable leverage.

Disclaimer:

All information contained in this newsletter is meant for your own reference only, and is not intended to, nor should it, constitute any investment advice.  Any information contained in this newsletter, including those relating to contracted sales or land bank of CIFI Holdings (Group) Co. Ltd. (the "Company"), may be subject to change as a result of changes in our development, sales and investment processes and may not be consistently reflected in our financial reports. The Company expressly disclaims any liability for any of your loss or damage howsoever arising from or in reliance upon the contents of this newsletter. (roc/red/*) #for information on collaboration publications, questions and other e-mails riauonemedia@gmail.comRIAUONE.com