Introduction of Guotai Leasing Co., Ltd.

Guotai Leasing Co., Ltd. was established in February 2007, headquartered in Jinan, Shandong Province, with a registered capital of RMB 3 billion. It is a domestic financial leasing pilot enterprise jointly funded by Shandong SASAC and Shandong Energy Xinwen Mining Group and approved by People's Republic of China (PRC) Ministry of Commerce and State Taxation Administration of The People's Republic of China. The company's capital scale ranks among the top financial leasing companies in China, and it is the largest financial leasing company with the strongest service ability in Shandong Province. On March 20 12, it was officially placed under the management of the State-owned Assets Supervision and Administration Commission of Shandong Provincial People's Government and became the only financial leasing company in Shandong Province.