China Internet Nationwide Financial Services Inc. Announces Unaudited Financial Results For the Six Months Ended June 30, 2017

Highlights for the period from January 1, 2017 to June 30, 2017
•Net Revenue of $7.97 million, a 15% year-over-year increase from the same period in 2016
•Net Income for the six months ended June 30, 2017 was $8.24 million compared to a net income of $5.69 million in the same period a year ago. Earnings per share for the period from January 1, 2017 to June 30, 2017 was $0.41 per share, compared to $0.28 per share in the same period a year ago.

Jianxin Lin, Chairman and Chief Executive Officer of CIFS, commented, "Benefiting from the continuing growth of China's economy and strong demand for our services by the underserved small and medium sized enterprises, we achieved significant growth with revenue and net income increasing by 15% and 45%, respectively, in the first half of 2017."

Mr. Lin continued, "As we move onto the next chapter in the Company history following our recent IPO which not only significantly raised our public profile but also improved our market and financial conditions, we believe that our continuing efforts to diversify our business through both the introduction of new financial services and geographical expansion position us well for sustainable growth in coming years."