Hao Fang

Changsheng Fund Management Co., Ltd. (CFM) is an independent Chinese fund management firm which was established in 1999. The firm's shareholders include Guoyuan Securities Co., DBS Asset Management, a wholly-owned subsidiary of Singapore-based DBS Bank, Anhui Provincial Innovation Investment Co. and Anhui Provincial Investment Group Co., both controlled by the Chinese Government. Based in Beijing with an office in Shanghai, CFM manages mutual funds and contributes to the management of the National Social Security Funds. Their clients are domestic retail investors and international institutions. The firm's culture combines Changsheng's local market knowledge and distribution network with DBS Asset Management's investment and risk management experience.

Hunan Valin Iron & Steel Group Co., Ltd. engages in the operation as an investment holding company with interests in manufacturing and processing steel products. Its business scope includes investing in steel industry chain projects such as metallurgical resource development and black stone metal smelting and processing, logistics and warehousing, financial industry, comprehensive utilization of waste resources, energy conservation and environmental protection, new materials, and high-end equipment manufacturing with its own legal assets. The company was founded on November 9, 1997 and is headquartered in Changsha, China.

CITIC Securities International Company Limited (“CITIC Securities International” or “CSI”) is a wholly-owned subsidiary of CITIC Securities. CITIC Securities International acts as a conduit for CITIC Securities to spearhead its expansion into global financial markets. This includes Hong Kong, where the Firm is based. The Firm aims to carry out its core corporate vision of becoming a leading China-focused international investment bank.

CITIC Holdings Co., Ltd. manages investments made by CITIC Group in financial enterprises both domestically and internationally. The Chinese company is ultimately controlled by the Government of China.

Shenzhen Qianhai CITIC Securities City Development Management Co., Ltd. operates as an investment holding company with interest in providing urban construction advisory services. The company was founded on May 26, 2014 and is headquartered in Shenzhen, China.