Oceanwide Holdings Co., Limited(hereinafter referred to as “Oceanwide Holdings” or the “Company”) published its 2019 interim report on August 27.According to the report, as at the end of June 2019, the Company reported totalassets at RMB184,122 million approximately, and net assets attributable toequity holders of the listed company at RMB21,743 million; in the first halfyear, the Company realized a revenue of RMB5,170 million, 80% of which wascontributed by its financial business; it realized a net profit attributable toequity holders of the listed company of RMB1,737 million, up 30.28%year-on-year.

Oceanwide Holdings said its balance sheetstructure has been significantly optimized, with interest-bearing liabilitiesdeclining from RMB110,251 million at the end of 2018 to RMB75,652 million , andthe asset-to-liability rate falling by 4.22 percentage points over the end of 2018.

Specifically, among the principalactivities, insurance business generated a revenue of RMB1,993 million, up1.83% year-on-year; securities business created a revenue of RMB1,416 million,up 147.11% year-on-year; real estate business contributed a revenue of RMB1,048million, down 8.13% year-on-year; trust business reaped a revenue of RMB700million, down 57.63% year-on-year.

By products, real estate sales income stoodat RMB782 million, net fee and commission income amounted to RMB940 million,earned premiums came in at RMB1,826 million, and investment income fromfinancial business arrived at RMB963 million.

Oceanwide Holdings stated in the financialreport that its operation in the first half year of 2019 had both drivingforces and pressure since the financial industry launched the reform on thesupply side and continued to promote regulatory reform, and the Company wasunder sales and financing pressure since the government stuck to thepositioning of “housing is for living in, not for speculation” and did not relaxthe control pressure, and the constraints upon the industry’s financingchannels were not obviously eased.

In this context, Oceanwide Holdings madeclear of the situation, faced up to the challenges and went ahead in spite ofpressure. First, it furthered the adjustment and optimization of businesslayout and balance sheet structure per the established plans; second, it madeevery effort to increase the cash inflows for business operation and financingto ensure the financial position was sound; and third, it raised the riskawareness, and strengthened risk management and control throughout the wholeprocess of operation in a bid to promote sustainable, healthy development.