01.Far East Horizon Released 2022 Mid-year Performance
 

On August 29, Far East Horizon’s mid-year performance meeting was held at its Hong Kong headquarters, attended by Vice Chairman of the Board, Executive Director and CEO Kong Fanxing together with Executive Director and CFO Wang Mingzhe. In the first half of 2022, despite a complex and difficult external environment, Far East Horizon managed to achieve the following results with focus on the constancy and validity of value creation: 17.7 billion yuan of revenue, up by 9% YoY, and 2.8 billion yuan of net profit attributable to the parent, up by 10% YoY. Meanwhile, with steadily improved asset quality and a more diversified income structure, it realized stable and healthy development.  

02.Bank-Enterprise Strategic Cooperation Agreement Signed between Far East Horizon and Bank of Communications

On August 12, the signing ceremony of the bank-enterprise strategic cooperation agreement between Far East Horizon Co., Ltd. and Bank of Communications, Shanghai Branch was held in Shanghai. The ceremony was attended and witnessed by Kong Fanxing (Vice Chairman of the Board, Executive Director and CEO of Far East Horizon) and Tu Hong (Business Director of the Head Office, Secretary of the Party Committee of the Shanghai Branch and President of the Shanghai Branch of Bank of Communications). The agreement was signed by Wang Mingzhe (Executive Director and CFO of Far East Horizon) and Song Bin (member of the Party Committee and Vice President of the Shanghai Branch of Bank of Communications) on behalf of the two parties. The signing of this bank-enterprise strategic cooperation agreement is a new starting point for further deepening cooperation, and both parties shall together explore an innovative development path for industrial upgrading, co-construction by bank and enterprise, mutual benefit and a win-win outcome, to serve the national key strategy and support the high-quality development of real economy. 

03.CEO Kong Fanxing’s Employee Research Trips to Guangzhou and Shenzhen

From August 15-19, Vice Chairman, Executive Director and CEO of Far East Horizon Kong Fanxing, etc. went to Guangzhou and Shenzhen for research and symposiums to communicate with colleagues of local offices. According to CEO Kong Fanxing, the Guangdong-Hong Kong-Macao Greater Bay Area is China’s land of promise as well as its gateway to the economic hotspots of Southeast Asia. It is necessary to utilize the advantages of Far East Horizon’s Hong Kong headquarters and form a situation of cooperation and mutual coordination between Hong Kong and Guangdong, so as to better serve the national strategy of developing the Greater Bay Area and open up wider strategic space in the long term for the Company’s next round of development.

04.No.3 in the World! Horizon Construction Development’s Access50 Ranking Hit a New High 

In the “Global Top 50 Rental Companies of Aerial Work Machinery of 2022” (“Access50”) recently released by the internationally renowned industry evaluation institute KHL Group, the ranking of Horizon Construction Development (a comprehensive equipment operating service provider under Far East Horizon) hits a new high—up by one notch than last year. In the Access50 listing, Horizon Construction Development is among Top 3 In the world and ranks No.1 in Asia. Access50 expressed that the astonishing improvement of Horizon Construction Development’s ranking shows that the Chinese leasing market is developing at an unprecedented speed. Right now, Horizon Construction Development is closing its gap with the No.2 on the global list with an average annual equipment growth rate of 77%

05.Horizon Construction Development Reached Strategic Cooperation with CR Capital MGMT

On August 3, Deputy General Manager and Chief Investment Officer of CR Capital MGMT Wang Jianqiang visited Far East Horizon Plaza, and was received by President Assistant Zhan Jing of Far East Horizon Co., Ltd. and General Manager Zhang Pan of Shanghai Horizon Construction Investment Co., Ltd. At the meeting, both parties had in-depth exchanges and discussions and signed a strategic cooperation agreement. Based on the market-oriented principles of powerful combination, complementary advantages, flexibility and efficiency, the two parties will establish a long-term and in-depth strategic partnership, to give full play to their respective resource, experience and brand advantages, focus on key development areas including the Greater Bay Area and the Yangtze River Delta, and carry out all-round and in-depth cooperation in fields including comprehensive urban development, construction and operation management, urban renewal, modern logistics, data center and intelligent parking. 

06.“Far East Horizon 2022 Urban Development Summit—North Station” Held Successfully

On August 11, the “Far East Horizon 2022 Urban Development Summit—North Station” was held successfully. This summit was attended by more than 150 guests from urban construction investment and municipal utilities enterprises in 25 cities including Tianjin, Jinan, Qingdao, Zhengzhou, Xi’an, Taiyuan and Shijiazhuang. President Assistant Zhan Jing of Far East Horizon attended the summit and delivered a speech. As a special guest, Professor Qian Chunhai of China Executive Leadership Academy Pudong shared his analysis of the current macroeconomic environment. The summit has fully demonstrated that Far East Horizon persists in the industry concept of “serving urban upgrade and co-constructing our beautiful home” and strives to grow together with clients, thereby promoting the upgrade and development of China’s urban public utilities.

07.“Far East Horizon 2022 Cultural Tourism Industry Summit” Held Successfully

From August 16-19, the Far East Horizon 2022 Cultural Tourism Industry Summit was held successfully. Co-hosted by Culture & Tourism Department I, II and III of Far East Horizon, this event invited over a hundred leading figures of the cultural tourism industry and senior experts in the field of education, to together discuss the latest development trend of this industry. The opening speech was made by President Assistant Ma Hong of Far East Horizon. Upon invitation, Professor Liu Yuhui of Chinese Academy of Social Sciences and Professor and PhD Supervisor Wu Hua of Zhejiang University discussed the high-quality development path of this industry together with other attendees. Taking this summit as an opportunity, the Company will further promote trans-regional sharing of experience, collision of thoughts and exchange of opinions, to collectively   offer advice to China’s cultural tourism industry and contribute to its long-term and stable development.

08.Far East Horizon Signed Strategic Cooperation Agreement with Hucai’s Group

On August 22, the signing ceremony of strategic cooperation between Far East Horizon Co., Ltd. and Hucai’s Group Co., Ltd. (“Hucai’s Group”) was held at the Far East Horizon Plaza in Shanghai. The agreement was signed by President Assistant Ma Hong on behalf of Far East Horizon and Chairman of the Board Chen Chengwen on behalf of Hucai’s Group. Established in 1988, Hucai’s Group is a globally competitive provider of total solutions to luxury paper packaging, and offers enterprises and consumers individualized printing services including package printing, publishing on demand, personalized image, personalized packaging and security printing. Since 2010, Far East Horizon and Hucai’s Group have been engaged in multiple rounds of cooperation. This agreement signing is an important milestone marking the beginning of a new chapter of their cooperation. In the future, Far East Horizon and Hucai’s Group will further expand the depth and width of the cooperation between both parties.  

09.Grand Flight Investment Honored as “Touzijia 2021-2022 Top 50 Venture Capital Institutions”

This August, Touzijia (investorscn. com) released its “2002 Annual List of Fund Partners in China,” and Grand Flight Investment—a professional equity investment platform under Far East Horizon—was awarded as “Touzijia 2021-2022 Top 50 Venture Capital Institutions.” Same as before, the Investor Academy of Touzijia picked out up-to-standard institutional investors after months of questionnaire survey, data verification and other processes, to commend the mainstays of China’s VC/PE.

10.Horizon Factoring Successfully Issued Its First Factoring Asset Securitization Product

On August 2, Horizon Commercial Factoring (Tianjin) Co., Ltd. (“Horizon Factoring”) under Far East Horizon completed the issuance of the Company’s first factoring asset securitization product at the Shanghai Stock Exchange, and International Far Eastern Leasing Co., Ltd. made up the difference to fulfil the promised credit enhancement support. The offering size is 418 million yuan, and debtors in the asset pool are distributed in Guangdong, Shaanxi, Hebei and Henan, covering six business sectors including engineering construction, healthcare, mechanical manufacturing, transportation & logistics, people’s living consumption and electronic information. This is another new attempt to promote the positive circulation of assets and resources within Far East Horizon and accelerate the revitalization of diversified assets. 

11.Horizon Healthcare Attended Non-Government Hospital Construction and Management Summit upon Invitation

On August 7, Horizon Healthcare was invited as industry representative to attend “The 7th China Non-Government Hospital Construction and Management Summit” and “China Non-Government Hospital Disciplinary Development and Collaboration Conference,” and shared with industry colleagues Horizon Healthcare’s measures (including “100 counties plan,” “three ones” management system and contribution to the high-quality development of grass-roots non-government medical institutions) and implementation effect, as well as its exploration of how collectivized disciplinary development utilizes its advantages to help individual hospitals to improve operation. After in-depth exchanges and discussions with industry insiders, the development prospect of Horizon Healthcare’s non-government hospitals received attention from various circles and high expectations of many industry colleagues. In the future, Horizon Healthcare will keep expanding its business layout, and provide the people with online & offline integrated one-stop medical services.  

In August we have reaped great achievements and developed new expectations; in September we shall keep striving towards the goal of excellence.