Profile of Tianjin Bohai Leasing Co., Ltd.

Tianjin Bohai Leasing Co., Ltd. is one of the fifth group of pilot domestic financial leasing enterprises approved by the Ministry of Commerce of the People's Republic of China and the State Administration of Taxation. Established in Tianjin in December 2007, the company has registered capital of RMB 6260.85 million.

As a professional financial leasing company established by HNA Group and the People's Government of Tianjin City, by virtue of the favorable financial innovation environment of Tianjin and with the help of the strong support from the government and shareholders such as HNA Group, Tianjin Bohai Leasing Co., Ltd. actively explores the innovation development model of China's national leasing industry to provide all-round leasing solutions for customers at home and abroad.

On May 13, 2011, China Securities Regulatory Commission approved the asset replacement solution for shareholder Tianjin Bohai Leasing Co., Ltd. and Xinjiang Huitong (Group) Co., Ltd.; on June 1, 2011, Tianjin Bohai Leasing Co., Ltd. conducted the industrial and commercial alteration, and the shareholder was changed to Xinjiang Huitong (Group) Co., Ltd.. By then, Tianjin Bohai Leasing Co., Ltd. had become the first leasing company with listed financing platform in China.

The company has not only domestic financial leasing license, but also financial leasing license as well as overseas leasing platform. Due to differences in regulatory policies, domestic financial leasing enterprises have great advantages in aspects of project scale, structural design of leasing businesses and broader business areas; financial leasing companies have more diverse financing channels such as inter-bank borrowing, inter-bank lending and issuance of financial bonds; overseas leasing platform is helpful to realize the interaction between domestic and overseas leasing platforms. The all-license advantage enables Tianjin Bohai Leasing Co., Ltd. to realize mutual complementarity and provide more comprehensive financial leasing services for its customers.

As the first and the only listed leasing company in current domestic stock market, Tianjin Bohai Leasing Co., Ltd. has a complete and standardized governance structure as well as a sound risk control mechanism, which brought it good reputation. The listed financing platform provides diversified financing channels for the company, which helps satisfy customers' demand for large capital financing and provides more capital solutions.