As a nationwide investment banking institution. China Chengxin Financial Consultancy Co.. Ltd. (CCXC) engages in providing integrated professional financial and management consultancy services including: design of restructuring programs, initiation and implementation of mergers and acquisitions transactions, debt and equity financing, management buy-out, management of non- performing loans, strategic planning and risk management and private public partnership (PPP)/Private Finance initiative (PFD. When acting as a financial adviser. CCXC forms a close relationship with our clients as we dedicate to providing one-stop financial solutions to ensure implementation of financing arrangements. In order to provide our clients access to the international capital market. CCXC has maintained close alliance with investment banking institutions in the active markets such as the US. the UK. Japan and Hong Kong worldwide. Being the strategic Chinese partner of Merrill Lynch, the number one financial institution in the world, CCXC has established its leading position in the Chinese investment banking industry. The two groups have combined their capital resources, geographical strengths and business expertise, and act together in giving financial services to Chinese and international corporates, the investment community and government agencies.

Since our establishment in 1992, China Chengxin has successfully completed over a hundred financial advisory cases, involving a total transaction size of several hundred billion RMB. Well known projects includcd: debt finacing and IPO of Yangtze Power: restructuring and IPO of Inner Mongolia Yili Industrial Co.,Ltd;project inanciug for the China National Stadium for the 21)1)8 Olympics Games: the group structuring and international private equity sale of North China Pharmaceutical Compauy; sale of state shareholding of Shenyang Xinkai: sale of state shareholding of Shantou Power; restructuring of Shida Computer; project financing of Ningxia Coal Group; the major restructuring program of Hubei Xinghua, a subsidiary of Siuopcc; the restructuring of South China Grid; and financial advisory scrvices to Chinesecompanies listed on the Hong Kong Stock Exchange, including COSCO lntcrnational, COSCO Pacific, and Merchant Bureau.

CCXC has a management team consists of dedicated, creative, and specialized high caliber individuals. From the CCXC Beijing headquarter and from our branches all over China, clients are able to rcceive acccssible and interactive professional services provided by a group of experienced investment bankers, famous economists. CPAs, IPO and M&A lawyers, and invcstment analysts.