[Immediate Release] DFH Sets Up a Joint Venture with Tsinghua Asset Management to Establish Qing Feng Hui USD Fund * * * Further Expands Its Asset Management Business and Paves the Way for Developing to Fintech Business

(Hong Kong, 21 August 2017) - Differ Group Holding Company Limited ("DFH" or the "Group") (stock code: 6878), a leading provider of short- to medium-term financing and financing-related solutions in the PRC, announced that a wholly-owned subsidiary of the Group, Differ Asset Management Company Limited ("Differ Asset") has entered into a Joint Venture ("JV") agreement with Tsingstone Capital Management (Hong Kong) Limited ("Tsingstone Capital HK")1 and two other independent third parties for establishing a JV company. The JV company will form and operate a USD-dominated fund ("Qing Feng Hui USD Fund") with target fund-raising amount of USD50 million in aggregate. The investment target will be quality projects in the information technology sector.

Mr. Hong Mingxian, Chairman and Executive Director of DFH, said, "We are very honoured to have established this cooperation with Tsinghua Asset Management. We believe that, this will not only help further expanding our asset management business, but also benefit the Group by leveraging Tsinghua Asset Management's experience on financial investment management, high-tech project reserves and business network resources, thus exploring the possibility to expand the Group's existing businesses to Fintech. Moreover, the close ties forged with these renowned companies are expected to broaden the customer base, bolster the competitiveness and also expand the geographical coverage of our business, so as to generate sustainable growth momentum and maximize the value for shareholders."

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About Differ Group Holding Company Limited (stock code: 6878)

Headquartered in Xiamen, Differ Group Holding Company Limited mainly provides short- to medium-term financing and financing-related solutions for SMEs. The Group mainly offers five types of financing and financing-related solutions, including 1) Finance Lease Services; 2) Asset Management Services; 3) Express Loan Services; 4) Financial Guarantee Services; and 5) Financial Consultant Services. DFH has continued to achieve remarkable business results and is seeking to develop new businesses to broaden its income streams. In December 2016, the Group announced the formation of a joint venture for providing commercial factoring related services in the PRC. DFH was listed on the GEM Board of the Hong Kong Stock Exchange on 9 December 2013 and has since transferred its listing to the Main Board on 6 July 2015. The Group was selected as a constituent stock of the MSCI Small Cap Indices - China Index in May 2015 and entered the Hang Seng Composite Index in March 2016. For details, please visit its website: www.dfh.cn

Media Contact:

Heidi So

+852 2864 4826

heidi.so@sprg.com.hk

Janet Fong

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Jenny Lam

+852 2864 4883

jennysy.lam@sprg.com.hk

Website

www.sprg.com.hk

Fax:

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Strategic Financial Relations Limited

1 Tsingstone Capital HK is a wholly-owned subsidiary of Tsingstone Capital Management (Shanghai) Limited. Tsingstone Capital Management (Shanghai) Limited is an associate of Tsinghua Asset Management Company Limited ("Tsinghua Asset Management"). Tsinghua Asset Management principally engages in investment, management and operation of financial assets and business.

Differ Group Holding Co. Ltd. published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2017 03:47:08 UTC.

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