Yincheng International : UNAUDITED OPERATING FIGURES FOR DECEMBER 2019

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UNAUDITED OPERATING FIGURES

FOR DECEMBER 2019

The board of directors (the ''Board'') of Yincheng International Holding Co., Ltd. (the ''Company'', together with its subsidiaries, the ''Group'') is pleased to announce that, for December 2019, the aggregated contracted sales of the Group, together with its joint ventures and associates, amounted to approximately RMB3,207.5 million, the contracted gross floor area amounted to approximately 157,897 square meters and the average contracted selling price amounted to approximately RMB20,314 per square meter.

From January to December 2019, the aggregated contracted sales of the Group, together with its joint ventures and associates, amounted to approximately RMB19,821.4 million, the aggregated contracted gross floor area amounted to approximately 1,129,071 square meters and the average contracted selling price amounted to approximately RMB17,555 per square meter.

The above-mentioned data is unaudited and is prepared based on 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 or half-yearly basis due to various uncertainties during the process of collating such information. As such, the above data is provided for investors' reference only.

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, investors are advised to consult licensed securities dealer, registered institution in securities, bank manager, solicitor, certified public accountant or other professional adviser.

By order of the Board

Yincheng International Holding Co., Ltd.

HUANG Qingping

Chairman

Hong Kong, 3 January 2020

As at the date of this announcement, the executive directors of the Company are Mr. Ma Baohua, Mr. Zhu Li, Mr. Wang Zheng and Ms. Shao Lei; the non-executive directors of the Company are Mr. Huang Qingping and Mr. Xie Chenguang; and the independent non- executive directors of the Company are Mr. Chen Shimin, Mr. Chan Peng Kuan and Mr. Lam Ming Fai.