Credit China FinTech : BUSINESS UPDATE

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CREDIT CHINA FINTECH HOLDINGS LIMITED

中國信貸科技控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8207)

BUSINESS UPDATE

The board of directors (the "Board") of Credit China FinTech Holdings Limited (the "Company") is pleased to disclose the operational statistics of the third party payment platforms, online investment platforms, and technology-enabled lending platforms of the Company from 2014 to the second quarter of 2017.

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

1Q17

2Q17

Registered users ('000)1

8

29

204

1,044

1,506

2,359

3,709

5,271

7,003

12,671

19,404

32,577

42,110

51,904

Number of transactions for third party payment services2

1.8 million

13.2 million

92.6 million

175.5 million

Transaction value for third party payment services2

RMB18.2 billion

RMB102.5 billion

RMB691.9 billion

RMB887.8 billion

Transaction value for online investment platforms3

-

RMB79.7 billion

RMB83.3 billion

RMB46.5 billion

Transaction value for technology- enabled lending4

RMB2.1 billion

RMB16.1 billion

RMB25.1 billion

RMB30.6 billion

The above table includes the user number, transaction number and value figures from the Group's subsidiaries and non-consolidated investees.

Note 1: The number of registered users is the sum of registered users of the following platforms: Shanghai Jifu（ 上海即富）, First P2P（ 網信理財), Financial Workshop（ 金融工場), Shandian Jiekuan（ 閃電借款）and Qiyuan Tianxia（ 起源天下）.

Note 2: Third party payment platforms include UCF Pay（先鋒支付）, Shanghai Jifu and Amigo Technologies.

* These are unaudited figures.

Note 3: Online investment platforms include First P2P and Financial Workshop.

Note 4: Technology-enabled lending platforms include (1) First House Loan（ 第一房貸）, (2) Shanghai Feng Zhi Xing（ 上海峰之行）, (3) Shandian Jiekuan, the major consumer finance platform under Weshare, (4) Jiangsu Shanghutong（江蘇 商戶通）, a joint venture established by Credit China FinTech and Five Star Holdings Limited, and (5) Shenzhen Wangai（ 深圳市網愛）, a joint venture established by Credit China FinTech and Shenzhen Aisidi Company Limited.

The above-mentioned operational data are unaudited and are based on the preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, half-yearly or quarterly basis due to various uncertainties during the process of collating such operating information. As such, the above data are provided for investors' reference only. Shareholders and 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, shareholders and investors are advised to seek professional advice from professional or financial advisers.

By order of the Board

Credit China FinTech Holdings Limited Phang Yew Kiat

Vice-Chairman, Chief Executive Officer and Executive Director

Hong Kong, 18 July 2017

As at the date of this announcement, the directors of the Company (the "Directors") are as follows:

Executive Directors:

Mr. Phang Yew Kiat (Vice-Chairman and Chief Executive Officer)

Mr. Chng Swee Ho Mr. Sheng Jia

Non-executive Directors:

Mr. Li Mingshan (Chairman)

Mr. Li Gang

Mr. Wong Sai Hung Mr. Zhang Zhenxin Ms. Zhou Youmeng

Independent Non-executive Directors:

Mr. Ge Ming

Dr. Ou Minggang Dr. Wang Songqi Dr. Yin Zhongli

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website (www.hkgem.com) for at least 7 days from the date of its publication and on the website of the Company (www.creditchina.hk).