Jangho Group participates in setting up Beijing Shunyi Industrial Investment Fun

        On October 21^st,, Jangho Group made a formal announcement about setting up a joint venture with Beijing Shunyi Technology Innovation Co., Ltd. (“Shunyi Technology Innovation” for short) and Shanghai Chongyuan Investment Management Co., Ltd. (“Chongyuan Investment” for short), named “Beijing Shunyi Industrial Investment Fund Management Co., Ltd. (“Fund Management Company” for short), in order to give full play to respective superiorities and create a win-win cooperation. This is a significant step for Jangho Group to embrace changes, expand in emerging industries and implement diverse development. Fund Management Company will issue industrial investment fund, and plan to raise total fund of no less than 5 billion yuan RMB, primarily focusing on investment in medical treatment & health, biotechnology, energy efficiency & environmental protection, high-end information service and other fast-development & high-return industries. The registered capital of Fund Management Company is 51,000,000 yuan, and Jangho Group contributed 17,003,400 yuan, accounting for 33.34% of the registered capital.
        Following the development tendency of the capital market, Jangho Group has invested to set up the Fund Management Company, so as to enhance the integration synergy of industry and finance, utilize the help of governmental resources superiorities and capital market professional teams, seize the development opportunities of the emerging industries, implement resource sharing and complementary advantages, promote the company’s innovation-driven development, and create favorable conditions for Jangho Group’s expansion in the emerging industries such as medical treatment & health industry. This will help build a broad platform for Jangho Group to implement its mergers and acquisitions strategy of the high-quality companies in the emerging industries, and it will also contribute to the company’s further expansion and strategic layout in the medical treatment & health field.
Shunyi Technology Innovation is subordinate to Beijing Shunyi District State Asset Regulatory Commission, and it has been set up on the basis of modern enterprise operation model to upgrade industries and promote substantial economy development in Shunyi District by the Shunyi District Government with registered capital of 100,000,000 yuan. Chongyuan Investment is a wholly-owned subsidiary of Beijing Enterprises Medical and Health Industry Group Limited (HK.02389), and its medical field investment experience and the talents superiorities will contribute a lot to the fund investment operation. It will also further enhance the follow-up cooperation in the medical field between the two parties.
        Not long before, Jangho Group signed the strategic cooperation framework agreement with
Beijing Enterprises Medical and Health Industry Group Limited, to seek mutual development in the medical treatment & massive health field, and Jangho group started its strategic layout in the medical treatment service industrial chain; Jangho Group has accomplished purchasing the largest percentage shares of Vision Eye Institute Limited which is Australia’s largest provider of ophthalmic care, making Jangho Group the first majority shareholder of Vision Eye Institute Limited, and through the means of tender offer it will become Jangho’s wholly-owned company. Jangho Group has composed a new chapter of relative diversification and collaborative development of dual major businesses by its investment to participate in setting up the Fund Management Company and its further strategic layout in the emerging industry.