Cifi Holdings Updates On Deal To Withdraw Winding-Up Petition

CIFI Holdings (Group) Co Ltd 8884:

• RECEIPT OF AND AGREEMENT TO WITHDRAW WINDING-UP PETITION

• WINDING-UP PETITION IN CONNECTION WITH A FACILITY AGREEMENT OF COMPANY

• CO RECEIVED WINDING-UP PETITION FILED BY CREDITOR AT COURT OF FIRST INSTANCE OF HIGH COURT OF HONG KONG SPECIAL ADMINISTRATIVE REGION OF CHINA

• ANTICIPATES THAT IT WILL TAKE APPROXIMATELY ONE TO TWO WEEKS FOR THE PETITION TO BE FORMALLY WITHDRAWN

• TRADING IN SUCH DEBT SECURITIES WILL REMAIN SUSPENDED UNTIL FURTHER NOTICE

• UPON RECEIPT OF PETITION, REACHED OUT TO PETITIONING CREDITOR TO DISCUSS AND EXPLAIN IT HAS MADE PROGRESS ON OFFSHORE DEBT FINANCING

• REITERATE ITS INTENTION TO TREAT ALL OF ITS CREDITORS FAIRLY AND EQUITABLY