ZUIG INVESTMENT

Zhejiang United Investment Group ("ZUIG") is a major investment platform established in April, 2015 by eight leading private enterprises and ICBC Credit Suisse Asset Management, the first of its kind in Zhejiang, drawing on the guidance and support from the Zhejiang Federation of Industry and Commerce, Zhejiang Provincial Financial Service Office, and Zhejiang Branch, Industrial and Commercial Bank of China. ZUIG's nine founding shareholders include CHINT Group, FuTong Group, GreatStar Holdin... g Group, Wolong Holding Group, Wanfeng Auto Holding Group, Aux Group, Sunon Group, Hangzhou Jinjiang Group, and ICBC Credit Suisse Asset Management, with sector verticals covering smart appliances, renewable energy, communications, machinery manufacturing, auto parts, furniture, home appliances, environmental protection, healthcare, and financial services. Initial registered capital amounts to RMB 5 billion, and is targeted to increase gradually to RMB 30 billion throughout the next few years. ZUIG's investment priorities encompass fields such as advanced manufacturing, high-end equipment, renewable energy, environmental, consumer goods, and healthcare, employing an innovative investment approach combining direct project investment, fund of funds, structured product and market oriented fund. Building on our strong industry know-how, financial prowess and managerial expertise, ZUIG will actively participate in strategic M&As, restructuring and reorganization transactions involving state-owned-enterprises, and investments in strategic emerging industries, enabling it to establish itself as a top asset management company.More