On December 18, 2017, Jiayuan International Holdings Limited (the "Group", stock code: 2768) is pleased to announce that it will raise approximately HK $ 1.4 billion by way of placing at a placing price of HK $ 6.11, Approximately 9.46% of the issued share capital of the Group as enlarged by the Subscription will be used for the acquisition of land bank and general working capital purposes.

The placing was institutionalized by institutional investors over-subscribed, indicating that investors agree with this placing, but also reflects their confidence in the future development of the group. Since the listing of the Group, the Group has started to explore the international capital market to broaden its financing channels. If last month issued 300 million US dollars bills, the market reaction will be quite warm. The placement of shares was also enthusiastically supported by institutional investors. This not only broadened the shareholder base of the company but also further strengthened the Group's capital strength so that the Group could have more funds to acquire high-quality land.

The Group's operation is very good at present mainly due to the good foundation laid by the rapid development of the Company's business and the strong sales growth in the strategic layout of the first, second and third tier cities. In addition, the recent central government's active and steady economic growth has provided new opportunities for the development of a soundly-based urban environment and boosted the real estate industry's continued development. The Group will use this placing as an opportunity to add more premium land reserves and further strengthen its real estate business in order to consolidate the group's leadership position in the regional market. In the future, the Group will continue to cultivate various cities in Jiangsu Province and use Hong Kong as a business expansion center to explore the economic depression of Guangdong, Hong Kong, Macau, Tai Wan and enhance the Group's influence in the Pearl River Delta Region.