CHINA INNOVATIVE FINANCE GROUP LIMITED
CIFG Has Entered into a Strategic Cooperation Agreement with Internet Financing Platform Licaifan
CIFG Has Entered into a Strategic Cooperation Agreement (HONG KONG, 19 May 2016) China Innovative Finance Group Limited (“CIFG” or the “Company” and together with its subsidiaries, the “Group”; stock code: 0412.HK) is pleased to announce that CIFG has entered into a strategic cooperation agreement with internet financing platform Licaifan (理財範, www.licaifan.com) owned by Beijing Wangrong Tianxia Financial Information Services Co., Ltd (北京網融天下金融訊息服務有限公司)with the theme of “Listed Companies Industrial Financing”. Pursuant to the strategic cooperation agreement, Licaifan will provide financial information services for the financing needs of small-, medium- and micro-sized enterprises in the upstream and downstream sectors of the industry chain of CIFG, and carry out strategic cooperation in terms of financial assets and the circulation of funds and financial assets of the exchange whilst Licaifan will be able to gain access to higher quality financial assets, CIFG could effectively and efficiently manage its assets chain development. Such strategic cooperation will see both parties jointly develop relevant industrial segments, thereby optimising and upgrading the industrial structure. Licaifan is a well-known Internet-based financial platform in China under Beijing Wangrong Tianxia Financial Information Services Co., Ltd., aims to provide a one-stop asset allocation and investment platform for individuals and families. Licaifan has completed financial transactions exceeding RMB5 billion thus far, having generated investment income of over RMB200 million for more than 600,000 investors. Licaifan has been able to maintain zero bad debt and zero overdue records with its stringent risk control measures. Moreover, Licaifan is widely recognised by various sectors of the community and won various honorary titles such as “The Fastest-growing Internet-based Financial Platform 2015”, “The Automotive Financial Innovative Services Award 2015” and “The Most Responsible Internet-based Financial Enterprise 2015”.
About China Innovative Finance Group Limited This press release is distributed on behalf of China Innovative Finance Group Limited by Anli Financial Communications Limited. Media enquiries: Anli Financial Communications Limited Document: http://n.eqs.com/c/fncls.ssp?u=QFUHRPBMXP Document title: CIFG Has Entered into a Strategic Cooperation Agreement with Internet Financing Platform Licaifan
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