Shengshijing Asset Management Group Co., Ltd.

Shengshijing Asset Management Group Co., Ltd. was established on September 11, 2006. It is a private fund manager registered with the Asset Management Association of China (AMAC) and a member of the AMAC. Since its establishment 13 years ago, Shengshijing has consistently adhered to its business model of "guiding industry selection with a PE perspective, accelerating the securitization process of investments with investment banking methods, and helping enterprises develop in the role of vice chairman." It has ranked among the top in the industry rankings of Zero2IPO and ChinaVenture for many consecutive years, and has won the first "2016 Golden Bull Private Equity Investment Institution" award of the "China Equity Investment Golden Bull Award" and the second "Three-Year Golden Bull Private Equity Investment Sustained Excellence Institution" award. Shengshijing is one of the first 34 investment institutions in China to obtain the qualification for IPO offline placement inquiry, one of the ten shortlisted private institutions to enter the on-site acceptance stage for the New Third Board market-making, and has been selected by the China Rare Earth Industry Association as the fund manager for the rare earth industry fund. As of September 30, 2018, Shengshijing's committed scale under management exceeded 46 billion yuan, with paid-in capital of approximately 20 billion yuan, and the contracted scale of M&A funds was approximately 60 billion yuan.