Credit China Aims to Become an Best-of-Breed 'Internet +' Company by Establishing Investment Vehicle

To: Finance Section Editors/Reporters[For immediate release]Credit China Aims to Become an Best-of-Breed "Internet +" Company by Establishing Investment Vehicle

(18 December 2015, Hong Kong) Credit China Holdings Limited ("Credit China" or the "Company"; together with its subsidiaries, the "Group", stock code: 8207), a leading integrated internet financial service provider in China, is pleased to announce that in the period from 2014 to 2015, the Group has successfully transformed itself from a provider of traditional finance services to one with internet finance as its core business focus. The Group plans to establish a wholly-owned investment vehicle with a mandate to identify and make strategic investments in best-of-breed companies in China's wider internet industry by leveraging the skills our partners in their respective sub-sectors to diversify the Group's sources of revenue, strengthen the Company's long-term growth profile and profitability.

The Group has completed the first phase of transformation and grown to become a leading player in China's burgeoning Internet finance industry, with over 4 million registered users across our various platforms, and accumulated 10 million transactions representing a total transaction value of over RMB 80 billion on our online third party payment platform. For the nine months ended 30 September 2015, the Group's internet finance business accounted for 55.5% of the Group's revenue and registered 163% revenue growth year-on-year. Operationally, the Group has made notable progress across our portfolio of internet finance platforms (such as P2P loan consultancy platform diyifangdai.com, P2P finance platforms 9888.cn and firstp2p.com), with UCF Pay (our online third party payment platform) as the core infrastructure supporting the entire ecosystem.

Mr. Phang Yew Kiat, vice-chairman and chief executive officer of Credit China, said, "The Group has accomplished a remarkable feat in the development of its internet finance business in 2015. The transaction volumes, transaction capacity as well as the number of users of the third party payment and P2P business have increased by times. The Group is moving forward to the second phase of transformation in 2016. We intend to proactively partner with companies which could further develop segments the Group has not yet touched, to become an best-of-breed 'Internet +' company."

~ End ~

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 / Aries Lee Tel: (852) 3183 0230 / 3183 0257 / 3183 0242 / 3183 0259 Fax: (852) 2583 9138 E-mail: creditchina@prasia.net