Background of shareholder

Shang Finance

Beijing Shang Finance Management Co., Ltd. (“Shang Finance”) is a professional private equity fund management institution established in 2008. With rich experience in private equity investment, mezzanine, asset management, merger and acquisition, Shang Finance has accumulated capital market and asset management practices. Besides capital injection, Shang Finance’s management team relies on its management, operational experience and local resource advantages to help target companies to enhance management experience and achieve steadfast growth. Headquartered in Beijing, it has branches in Hong Kong, Shenzhen, Chongqing, Changchun, and Ningbo.

To this date, Shang Finance and its affiliates have 22 funds, and RMB 26.7 billion of asset under management in total.

Since inception, under the support of all sectors, Shang Finance has expanded its business areas through partnership with many financial institutions, government agencies, large and medium SOEs and private companies, to include equity investment, mezzanine, merger and acquisition, venture capital, PPP and bad asset management, and sectors covering agriculture, township and urbanization, infrastructure and public services, scarce resources, and strategic new industries. Shang Finance and its affiliate, Beijing CHNC corporation, are private equity managers approved by Asset Management Association of China. Beijing CHNC Corporation formally established the post-doctoral scientific research workstation in October 28th,2015, which is approved by Human Resources and Social Security Ministry, as the first post-doctoral scientific research workstation set up by the fully market-oriented operating and professional private equity fund managing institutions, is also a Vice Chairman Unit of Leading Enterprises Association in Agricultural Industrialization of China, a Standing Director member of Beijing Private Equity Association, Chairman member of its Agricultural Investment Specialist Committee, Vice Chairman member of Special Asset Investment Specialist Committee and of Three new board Specialized Committee, as well as Executive chairman of China Mergers and Acquisitions Association.



Wei Li Dong

Mr. Wei is a shareholder of Shang International, as the President and Partner of Beijing Shang Finance Management Co., Ltd., the President of the China Merger & Acquisition Association and a member of the executive committee of All-China Federation Industry and Commerce.

Mr. Wei is graduated from TsingHua University, receiving a bachelor’s degree in engineering, and was rewarded as national innovator in the financial system business.

Mr. Wei has worked in the New Horizon Capital, Uncredit Group, and China Huarong Asset Management Co., Ltd and has accumulated a lot of experiences in equity investment, asset management and equity custody. Mr. Wei has been involved in the equity investment and management in Sinovel Wind Group Co., Ltd, Xdlong International Company, Haoyue Group; responsible for Huarong 13.6 billion non-performing assets overseas investment disposal; and the management of debt to equity swap in Huarong; the custody and disposal of Delong assets.