The origin of Changxin Fund Management Co., Ltd.

Changxin Fund Management Co., Ltd. was established by changjiang securities Co., Ltd., Shanghai Hisense (Group) Co., Ltd. and Wuhan Iron and Steel Co., Ltd., and was approved by China Securities Regulatory Commission on April 28th, 2003. The registered capital of the company is 1 100 million yuan, and its business scope includes fund establishment, fund management and other businesses approved by China Securities Regulatory Commission.