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CHINA QINFA GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00866) CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of China Qinfa Group Limited (the "Company") dated 9 October 2014 in relation to the resignation and appointment of executive directors (the "Announcement"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
As mentioned in the Announcement, Ms. LIU has resigned as an executive director of the Company due to personal reason with effect from 9 October 2014.
The board of directors (the "Board") of the Company hereby clarify that Ms. LIU resigned because she wanted to devote more time to her family.
Save as disclosed above, the Board confirms that all information in the Announcement remains unchanged.
By order of the Board

China Qinfa Group Limited XU Jihua

Chairman

Guangzhou, 15 October 2014

As at the date of this announcement, the Board comprises Mr. XU Jihua, Ms. WANG Jianfei, Mr. WENG Li, Mr. XU Da, Mr. MA Baofeng and Mr. BAI Tao as the executive Directors, and Mr. HUANG Guosheng, Mr. LAU Sik Yuen and Mr. XING Zhiying as the independent non-executive Directors.

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