Li Rong Xu

Franklin Templeton Sealand Fund Management Co., Ltd. (FTS) is an independent Chinese fund management firm which was established as a joint venture between Templeton International, Inc. and Sealand Securities Co. in 2004. The firm is based in Shanghai and manages mutual funds, QDII products and provides investment management services for local clients.

Guohai Franklin Fund Management Co., Ltd. provides investment advice. The joint venture company is based in Pudong, China and was founded in 2004.

SYWG BNP Paribas Asset Management Co., Ltd. (SYWG-BNPP) is an investment management firm established in 2004 as a joint venture between Shenyin & Wanguo Securities Co., Ltd. and BNP Paribas Asset Management SAS. In 2010 BNPP transferred their 33% stake to Mitsubishi UFJ Trust and Banking Corp. (TSE: 8306). Shenyin & Wanguo Securities, which has an extensive network of branches throughout China, remains the majority shareholder. SYWG-BNPP is located in Shanghai. Their clients are domestic retail investors as well as institutions. The firm manages mutual funds and structured products.