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

Credit China Acquires 35% Equity Interest in Genesis Business
At a Consideration of RMB560 million
To Create "Chinese Version SQUARE"

(27 November 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 that the Group has agreed a Sale and Purchase Agreement with Genesis Business Holdings Limited ("Genesis Business") to acquire 25% of its Option Shares at a consideration of RMB400 million. Together with the 10% Sale Shares to be acquired at a consideration of RMB160 million which announced on 30 October 2015, the Group has agreed to acquire 35% equity interest of Genesis Business at a total consideration of RMB560 million.

With the acquisition, the Group aims at creating "Chinese version Square" with Genesis Business, to provide mobile payment service to micro-merchants by using internet technologies. Square, an American mobile payment company, which listed on New York Stock Exchange on 19 November 2015, was the first ever listed mobile payment company worldwide. The company had its IPO offering price of US$9 per share and surged 45% in the first trading day. As a promising mobile payment company in the technology related stock, stock investors had already considered Square as the benchmark among the industry.

Genesis Business provides a series of secured and innovative data services in relation to small and micro business owners and financial services for its customers nationwide through its virtual e-commerce platforms mobile application. Against the backdrop of the continuous development of small and micro-sized economies, it has an integrated self-developed system platform that support a variety of products and multi-modules, through its brand names of "Circle E-commerce", Kaidianbao, Dianxiaoyi, Quanxingtong and "JEPAL". It has sold a total of 4.5 million sets of personal self-initiated payment processing terminals, which provide smart payment hardware, information system services, on-site services, other self-initiated valued-added payment services, transactional data services and other financial services. The terminals serve tens of millions of customers, and approximately 1.7 million small and micro business owners who are registered to the mobile application and more than 40,000 small and micro-sized entities. The platform has obtained security certification, and passed the testing requirements of the China Banking Card Testing Center and the certification requirements of China Financial Certification Authority, and has a leading position among its industry peers. The company has a team of highly capable professionals with strong adaptability and innovative abilities.

Mr. Phang Yew Kiat, Vice-Chairman and Chief Executive Officer of Credit China, said, "The business direction of Genesis Business, being to serve the small, medium and micro-sized enterprises, conforms to and complements the Group's development strategy of serving the financing needs of small, medium and micro-sized enterprises via the internet lending platform model. The large number of high-quality small and micro-sized merchants and the massive volume of trading data resources accumulated by its system platform will effectively help the Group to design credit products that meet the needs of small and micro-sized businesses and expand our potential customers. Meanwhile, the payment system software and hardware solutions of Genesis Business as well as its strength in financial innovation and risk management will also allow the Group to better serve the demands of our existing customers, further perfecting our online financial services and diversifying into a new line of business with significant growth potential to broaden revenue sources."

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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

About Genesis Business Holdings Limited
For the first 10 months of 2015, total payment transactions conducted through Genesis Business's system platform had reached approximately RMB290.1 billion and about 108.85 million transactions were handled. Meanwhile, the number of average monthly users continued to grow in October 2015, reaching over 530,000, representing 2.6 times that in the beginning of 2015 and over 10 times that in the beginning of 2014. The operating results of the company also recorded sharp growth. It reported revenue of approximately RMB380 million for the first 10 months of 2015, representing an increase of over 2.9 times its annual revenue for 2014, and its net profit for the first 10 months of 2015 surged over 465% as compared to 2014.

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