EQS-News / 03/12/2015 / 10:44 UTC+8

To: Finance Section Editors/Reporters
[For immediate release]

Credit China Completes Placing of Approximately HK$5.9 Million
Continues to Expand the Market Share in Internet Finance

(2 December 2015, Hong Kong) Credit China Holdings Limited ("Credit China" or the "Company"; together with its subsidiaries, the "Group", stock code: 8207), the leading internet financial service provider in China, announced the successful completion of the Placing announced on 11 November. An aggregate of approximately 280 million Placing Shares have been placed to not less than six Placees at a price of HK$2.1 per Placing Share, representing approximately 7.23% of the total issued share as enlarged by the Placing Shares. The total gross proceed from the Placing is approximately HK$588.7 million, which will be used for the Group's general working capital and for the purpose of financing future business development and possible acquisition(s) in the internet financing business.

Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said, "The successful completion of the Placing indicates investor's confidence to the Group's development strategy in internet finance business. In addition, we are able to strengthen our capital base for future possible acquisitions. Following the acquisition of Genesis Business which was announced earlier, the Group will continue to explore other quality acquisition projects, in order to maintain our competiveness and the leading role in the market."

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About Credit China Holdings Limited (Stock code: 8207)
Credit China Holdings Limited listed on the Stock Exchange of Hong Kong in November 2010. It is also a leading integrated internet financing service provider targeting SMEs. Credit China provides comprehensive, fast and convenient short-term loans and financing solutions to SMEs and individuals. The major financing service areas are: 1) Online Third-party Payment; 2) P2P Housing Loans; 3) Online P2P Loans; 4) Real Estate Collateralised Loans; and 5) Online Micro-finance.

Please subscribe to Credit China's HK wechat account to keep abreast of regular updates on the Group's business development.

Company website: www.creditchina.hk
Credit China's HK wechat account: creditchina8207

This press release is released by PR ASIA Consultants Limited, on behalf of Credit China Holdings Limited.
For more information or enquiries, please contact:
Lorraine Lam / Winnie Chan / Sam Choi
Tel: (852) 3183 0230 / 3183 0257 / 3183 0242
Fax: (852) 2583 9138
E-mail: creditchina@prasia.net

03/12/2015 Dissemination of a Press Release, transmitted by EQS TodayIR - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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