■ 32 Billion Yuan Fund for Open, Collaboration、Win-Win Investment and New Iconic Cooperation of Industries and Financing

December 25, Inaugural ceremony of CICC HBIS Group (Hebei) Development Equity Investment Fund Partnership (LP) was held in HBIS R&D Center. Member of the standing committee of the CPC Hebei Provincial Committee and Hebei Provincial Executive Vice Governor Zhao Chenxin, HBIS CPC and Group Chairman Liu Jian, CICC CPC and company Chairman Chen Liang witnessed the inauguration of the fund. Reserve fund representative, Vice Chair of BlueFive Capital Sheikh Mubarak Abdulla Al-Mubarak Al-Sabah made a speech. The partnership of HBIS and CICC is new strategic move the two powerful companies, entering new business, making showpiece projects implementing Coordinated Development of Beijing-Tianjin-Hebei Region. The Fund will raise 32billion Yuan, within a period of 15 years.

Executive Deputy Secretary General of the Provincial Government Lu Jian, Hebei CPC Financial Office Executive Deputy Director Tang Ying, Hebei SASAC CPC Chairman and Director Zhang Zefeng, Hebei NDRC Level 2 Inspector Wu Xia，CICC CPC Member and Management Committee member Liang Dongqing, CICC Capital President and Executive Director Long Liang, CICC Capital Director and President, Chuanhe Team Director Tong Zixuan, BlueFive Capital Partner Chi Shaojie, Bank of China, Hebei Branch CPC Chairman and company Director Duan Zhonghui, China Construction Bank, Hebei Branch CPC Chairman and Director Zhou Huidong, China Agriculture Bank, Hebei Branch CPC Chairman and Director Xiang Yang, Industrial and Commercial Bank of China, Hebei Branch CPC Chairman and Director Mei Jianping, China Agriculture Development，Hebei Branch CPC Chairman and DIrector He Gang, Postal Savings Bank of China Hebei Branch CPC Chairman and Director Shi Junbao, Industrial Bank Shijiazhuang Bank CPC Chairman and Director Dan Wenhua, China Everbright Bank Shijiazhuang Branch CPC Chairman and Director Shen Chunhua, Pingan Bank Shijiazhuang Branch CPC Chairman and Director Zhou Zhichao, China Minsheng Bank Shijiazhuang Branch CPC Chairman and Director Liu Jiabing, China Guangfa Bank Shijiazhuang Branch CPC Chairman and Director Wang Shuqing, Bohai Bank Shijiazhuang Branch CPC Chairman and Director Gu Yijun, China Merchants Bank Shijiazhuang Branch CPC Chairman He Fei, Hebei Bank CPC Vice Chairman, Director Wang Xianli, Tianjin Bank Shijiazhuang Branch CPC Chairman and Director Wang Quanpu, SPD Bank Shijiazhuang Branch Deputy Director Jiang Fan, CITIC Bank Shijiazhuang Branch Deputy Director Xia Chenzhong, Huaxia Bank Shijiazhuang Branch Deputy Director Wang Zhiyong, HBIS Vice President Wang Yaobin joint the ceremony and HBIS Chief Accountant held the meeting.

Liu Jian said the fund jointly developed by HBIS and CICC was not only a milestone of strategic cooperation, it was also a key step of merger of industries and finance and their collaboration in new strategic area. HBIS wishes the partners could take full advantages in steel industry and CICC capabilities in M&A and finance. The fund will be an open, coordinated and win-win investment vehicle for the partners.

Chen Liang said CICC would always serve the national strategies and support the physical industries. The joint venture with HBIS is a firm step of CICC deepening its strategic collaboration and regional development efforts. CICC will provide Investment + Investment Bank + Study Services and lead the capital to industrial innovations in Hebei. Together with HBIS, the partners will making new successes and give new energy to high quality development.

heikh Mubarak Abdulla Al-Mubarak Al-Sabah said, as an middle eastern and international investment group, BLueFive expected to work with the CICC and HBIS Development Parent Fund and integrate the long term capital market and new market in middle east, Chinese leading industrial resources, and leverage and coordinate effects with the parent fund to look for opportunities in globe. A diversified capital market could improve the efficiency of investment and help the upgrade of industries and high quality development.

CICC HBIS Group (Hebei) Development Equity Investment Fund is jointly found by HBIS and CICC and has completed its incorporation procedures. The total capital of the fund reaches 32billion Yuan, and adopts a Parent fund + Director Investment model. It will support traditional and new strategic industrial development of HBIS, including high end materials, new energy, new generation information technologies, energy conservation and environmental friendly and high end manufacturing projects. The fund will show distinctive characters of Financing and Industry Coordination, Cooperation between Central SOE and local enterprises, and cooperation in different regions. It will be a new bridge between local government, capital in different countries and industries.

HBIS Group is the world’s largest steel producer and service company, for 17 years, it has been among the world’s top 500 enterprises, owning four main sectors of steel, new industries, overseas business and financing. The high tech, intelligent and green development has helped to enhance the competitiveness of its steel sector of HBIS. It is entering financing services, digital technologies, trading and logistics, equipment manufacturing, new materials, new energy, new technologies, green and low carbon and intelligent manufacturing, improving its profits and upgrade.

CICC is China’s leading investment bank. With its experiences and professionals, it has opened creative deals, providing high quality value added services to diversified clients. With studies and analysis, its investment banking, stock businesses, fixed income, asset management, PE and fortune management services, Rooted in China and Business in the World Concept, CICC is been serving the national strategies and physical industries. It was been working to become a first class investment bank and financing institution. A Finance provider, a capital market watchdog and a manager of social fortune.

BlueFive Capital is a globalized investment firm, managing assets exceeding 8billion dollars. Focusing on high speed group economies and reforming traditional financing business and its sustainability. The firm is registered in ADGM and owns offices in 9 cities in the globe, including Beijing, London, Abu Dhabi,Riyadh and Singapore, covering PE, real estate, infrastructure, and financing, serving private fortune, institutions and retail customers. It owns the largest PE account in the gulf, Wusoom Holding, controlling 35 leading enterprises in different areas in UAE.