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Central China Futures

 

Central China Futures Co., Ltd. (the "Central China Futures") was established as a limited liability company in the PRC on April 18, 1993. As of the Latest Practicable Date, Central China Futures has a registered capital of RMB110 million, and is engaged mainly in the provision of commodity futures brokerage and financial futures brokerage services.

 

To develop its futures brokerage business, the Company acquired 56.01% and 16.67% of equity interests in Central China Futures from Henan Grain & Oils Foreign Trade Corporation and Henan Yancheng National Grain Reserves Warehouse at the considerations of RMB22,675,183 and RMB6,800,908, respectively, in October 2007 upon the approvals by the Finance Department of Henan and the CSRC. The said considerations of the above acquisitions were calculated based on the appraised value of Central China Futures’ the then net assets (as specified in the appraisal report prepared by the appraisal firm appointed by the parties) and the equity premium. Immediately following the acquisitions, our Company increased the registered capital of Central China Futures by way of cash of RMB20 million in October 2007. Thereafter, our Company further increased the registered capital of Central China Futures in October 2008 and October 2011 by way of cash of RMB30 million and RMB30 million upon approvals by the CSRC, respectively. The above changes of the registered capital of Central China Futures were duly completed and filed with the relevant government departments.

 

 As of the Latest Practicable Date, Central China Futures has a registered capital of RMB110 million, of which our Company held 92.55% of the equity interest.

 

 

ZDKY Venture Capital

 

Zhongding Kaiyuan Venture Capital Management Co., Ltd. (the "ZDKY Venture Capital") was established as a limited liability company in the PRC on February 8, 2012 with a registered capital of RMB200 million. It mainly engages in making equity investment, debt investment and fund investment in relation to equity or debt investments by using its own funds or raised funds, as well as providing equity and debt investment advisory services, and other business approved by the CSRC.

 

As of the Latest Practicable Date, ZDKY Venture Capital was a wholly owned subsidiary of our Company.

 

 

ZZKY Venture Capital

 

Henan Zhongzheng Kaiyuan Venture Capital Fund Management Co., Ltd. (the "ZZKY Venture Capital") was established as a limited liability company in the PRC on December 28, 2012 with a registered capital of RMB10 million. It mainly engages in providing private equity management service investments and relevant advisory service.

 

As of the Latest Practicable Date, ZDKY Venture Capital held 60.0% of the equity interest in ZZKY Venture Capital.

 

 

Ashmore-CCSC Fund Management

 

Ashmore-CCSC Fund Management Company Limited (the "Ashmore-CCSC Fund Management") was established as a limited liability company in the PRC on January 23, 2013 with a registered capital of RMB200 million. It mainly engages in fund formation and distribution, management of separately managed accounts and other businesses as approved by the CSRC.

 

As of the Latest Practicable Date, our Company held 51.0% of the equity interest in Ashmore-CCSC Fund Management.

 

 

ZZKY Venture Capital Fund

 

Henan Zhongzheng Kaiyuan Venture Capital Fund (Limited Partnership) (the "ZZKY Venture Capital Fund") was established as a limited partnership in the PRC on September 17, 2013 with a total interest of RMB110 million. It mainly engages in venture capital investment and related advisory services.

 

As of the Latest Practicable Date, ZDKY Venture Capital, the limited partner of ZZKY Venture Capital Fund, has subscribed for RMB30 million, amounting to 27.27% of total interest of ZZKY Venture Capital Fund; ZZKY Venture Capital, the general partner of ZZKY Venture Capital Fund, has subscribed for RMB10 million, amounting to 9.09% of total interest of ZZKY Venture Capital Fund.

 

As of the Latest Practicable Date, our Controlling Shareholder, Henan Investment Group, holds equity interests in certain companies which engage in direct investment business. For the reasons of why Henan Investment Group does not inject such equity interest into our Company, please see “Relationship with our Controlling Shareholder”.