ORIENT ASSETS MANAGEMENT

China Orient Assets Management Co., Ltd. (hereinafter referred to as China Orient) is a state-owned large-scale non-banking financial institution jointly established by the Ministry of Finance and the National Council for Social Security Fund. Established in October 1999, China Orient was then known as China Orient Asset Management Company. Since its establishment, China Orient has been endeavoring to safeguard state-owned assets, dissolve financial risks and promote the reform of state-owned en... terprises. Regarding the lawful and compliant operation as its lifeline, China Orient has accumulatively managed and disposed over one trillion yuan of non-performing assets, making a positive contribution to the stability of China’s financial system. In 2016, China Orient was restructured to a company limited by shares with the approval of the State Council. In 2018, in face of severe and complex external situations, and under the instruction of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the correct guidance of the Party Committee of China Banking and Insurance Regulatory Commission (CBIRC) and the support of the Ministry of Finance and various shareholding units, China Orient comprehensively served the real economy and, in compliance with economic situations and regulatory requirements, granted top priority to the development of non-performing assets (its main business) throughout the year, while promoting the business of market-oriented debt-to-equity swap and deeply involving itself in crisis relief to listed companies and entity enterprises.More