GRACE INVESTMENT MANAGEMENT

At the end of 2010 , Grace Huizhi Investment and Qinghai Haidong Investment Co., Ltd. initiated the establishment of the “Kunlun Grace RMB Growth Fund Phase I” with a scale of 500 million RMB. The fund focuses on growing companies in green agriculture technology, TMT , healthcare, consumer retail and other industries in China's central and western regions and coastal developed regions . At the end of 2013, the investment strategy focused on the “big consumption” field and the “intelligent information technology” field.