1. Release of Forbes 2023 Global 2000 List—Fehorizon Rose by 114 Places!

Recently, the Forbes 2023 Global 2000 list was released, which ranks the world’s biggest companies based on the four indexes including sales, net profit, assets and market value. This year, Fehorizon (03360.HK) has leaped from No.1412 from last year to No.1298, up by 114 places, another historical high after ranking on the list for seven consecutive years! Fehorizon has climbed up steadily from No.1617 seven years ago to No.1298 today, which serves as proof of its great vitality throughout cycles.

2. S&P Confirmed Fehorizon’s “BBB-” Rating with Outlook Adjusted to “Stable”

On June 5, in a report released by S&P Global Ratings, it announced the revision of the outlook on Far East Horizon Limited’s credit ratings from “negative” to “stable;” meanwhile, the assessment of the Company’s stand-alone credit profile (SACP) was adjusted from “bb+” to “bbb-,” and its “BBB-” long-term and “A-3” short-term issuer credit ratings were also confirmed. The adjustment of the outlook on Fehorizon’s credit ratings to “stable” is mainly due to the belief of S&P that in the future two years, Fehorizon will maintain strong market standing and profitability advantages relative to the leading enterprises in China’s leasing industry. Furthermore, S&P estimates that the Company will keep its asset quality stable and superior to the average industry level, and maintain its improved capital position.

3. Fehorizon’s 2023 Annual General Meeting Successfully Convened in Hong Kong

On June 7, the 2023 Annual General Meeting of Fehorizon was successfully convened in Hong Kong. The meeting was hosted by Mr. Kong Fanxing—Chairman, Executive Director and CEO of Fehorizon, and attended by the Company’s Executive Director and CFO Mr. Wang Mingzhe and Senior Vice President Mr. Cao Jian. At the meeting, the shareholders voted on resolutions one by one, and all resolutions were passed. In the first half of 2023, facing an increasingly more complex environment at home and aboard, Fehorizon has kept deepening its “finance + industry” strategy, and the operation foundation for long-term and stable development of the Company has been further consolidated.

4. Embarking on a New Journey with Grand Vision

Celebration Ceremony of Horizon Construction Development Held in Hong Kong

5. Building up Momentum and Poised for Take-off

Horizon Healthcare’s Development Strategy Seminar Held at Far East Horizon Plaza

After an arduous journey of 12 years, recently Horizon Construction Development (stock code 09930.HK)—the integrated equipment operation service provider under Fehorizon —has finally achieved successful listing on the main board of the Hong Kong Stock Exchange. In order to repay the society and various circles for their long-term support and recognition, Horizon Construction Development held a grand ceremony on June 8 in Hong Kong in celebration of its listing. The ceremony was attended by the Company’s senior executives such as Kong Fanxing (Chairman, Executive Director and CEO of Fehorizon and Chairman of Horizon Construction Development) and Pan Yang (Executive Director and CEO of Horizon Construction Development), directors of Fehorizon, shareholders and directors of Horizon Construction Development, business partners with long-term close cooperation, and nearly 200 guests from various circles (including financial institutions) who have been concerned with and contributed to the successful listing of Horizon Construction Development. Together, they looked back at Horizon Construction Development’s entrepreneurial journey through brambles and thorns and looked forward to the future based on the present achievements.

On June 26, Horizon Healthcare’s development strategy seminar was held at Far East Horizon Plaza, attended by guests including a dozen of healthcare enterprise leaders, association leaders, founders of non-governmental medical institutions and relevant responsible persons of investment banks. With spotlight on the two themes including operation strategy and capital strategy of collective hospital running, the attending guests shared their insights and visions. This meeting was attended by leaders including Mr. Kong Fanxing (Chairman, Executive Director and CEO of Fehorizon), Mr. Li Jiancheng (Vice President of Fehorizon and General Manager of Horizon Healthcare) and Mr. Xu Huibin (Assistant President of Fehorizon), who discussed in-depth details of Horizon Healthcare’s strategic positioning, business ecology and future planning with other attending guests, hoping to promote high-quality development with joint efforts and realize value creation for enterprises.

6. Secretary Lin Hongyu of the Municipal Party Committee of Jining Visited Fehorizon’s Hong Kong Headquarters and Signed a Strategic Cooperation Agreement

Recently, the signing ceremony of the strategic cooperation agreement between Far East Horizon Limited (Fehorizon) and Jining Urban Construction Investment Co., Ltd. (Jining Urban Investment) was held at the Hong Kong headquarters of Fehorizon. The ceremony was witnessed by Lin Hongyu (Secretary of the municipal Party committee of Jining, Shandong Province), Zhang Dong (Deputy Mayor of Jining), Zhan Jing (Assistant President of Fehorizon), Zhang Quanquan (General Manager of Investor Relations Department and Head of Administrative Affairs of the Hong Kong office). The agreement was signed by Wei Xinfang (General Manager of Public Utilities Department I of Fehorizon) and Liu Chao (Vice Secretary of the Party committee and General Manager of Jining Urban Investment) on behalf of the two parties. After the agreement signing, Fehorizon will give full play to the exceptional global capital advantage of Hong Kong, assist Jining Urban Investment in expanding overseas financial channels through various modes, focus on strengthening exchanges in business directions including urban utilities, healthcare, high-end equipment manufacturing and green energy industry, and step up cooperation in fields such as healthcare for the elderly and equity investment.

7. Fehorizon and Guofeng Group Signed a Strategic Cooperation Agreement in Hong Kong

Not long ago, the signing ceremony of strategic cooperation agreement between Far East Horizon Limited and Yantai Guofeng Investment Holdings Group Co., Ltd. (Guofeng Group) was successfully held in Hong Kong, attended and witnessed by Mr. Xu Huibin (Assistant President of Fehorizon), Mr. Zheng Deyan (Vice Secretary of the municipal Party committee and Mayor of Yantai, Shandong Province), and Mr. Han Yaodong (Deputy Mayor of Yantai). The agreement was signed by VP of Fehorizon Mr. Zhang Ye and Secretary of the Party committee and Board Chairman of Guofeng Group Mr. Rong Feng on behalf of the two parties. According to the agreement, both parties will carry out diversified and in-depth cooperation in areas such as biomedicine FOF, investment attraction for industrial park, business attraction activities, financial leasing, marketized financial investment, infrastructure investment, new energy construction investment and construction equipment operation to give full play to their respective resource advantages and expertise in fields including assets and industry, and establish a long-term, stable and sustainable strategic partnership.

8. Fehorizon and Signed a Strategic Cooperation Agreement with China Construction Eighth Engineering Division Fourth Construction Co., Ltd.

Lately, the signing ceremony of strategic cooperation agreement between Fehorizon and China Construction Eighth Engineering Division Fourth Construction Co., Ltd. was held at Far East Horizon Plaza. The ceremony was attended and witnessed by Mr. Ding Hao (Secretary of the Party committee and Chairman of China Construction Eighth Engineering Division Fourth Construction Co., Ltd.) and Mr. Zhan Jing (Assistant President of Fehorizon). The agreement was signed by Mr. Zhang Gaofeng (Investment Department Manager of China Construction Eighth Engineering Division Fourth Construction Co., Ltd.) and Mr. Zheng Qi (Director of Shandong Region of Public Utilities Department I of Fehorizon) on behalf of the two parties. At the meeting, both parties conducted in-depth exchanges regarding investment, financing and construction in fields including urban development and urban utilities. Subsequently, a strategic cooperation agreement was signed. Both parties will make active efforts to promote all-round cooperation in business areas, including but not limited to cooperation on projects, financing and construction, so as to better realize the win-win goal of enhancing the core competitiveness of both enterprises.

9. Fehorizon’s Hong Kong Headquarters Visited by Multiple Leaders and Guests

Visit by Deputy Secretary of the Party Working Committee and Director of the Administration Committee of Zhengdong New District Mr. Niu Ruihua and His Party

Recently, Deputy Secretary of the Party Working Committee and Director of the Administration Committee of Zhengdong New District Mr. Niu Ruihua and his party visited the Hong Kong headquarters of Fehorizon, and were received by Mr. Wei Xinfang, General Manager of Public Utilities Department I of Fehorizon. The two parties had in-depth exchanges on hospital operation, renewal of old housing estates, the listing of Horizon Construction Development and subsequent investment, etc. and agreed on the intent of extensive cooperation. The meeting was participated by Mr. Cao Honglin and Mr. Han Bing from Investment Promotion Bureau of the Administration Committee of Zhengdong New District, General Manager of Henan East Dragon Holdings Mr. Zhao Hui, and General Manager of China Communications Construction (Zhengzhou) Investment Co., Ltd. Mr. Li Peng.

Visit by Secretary Wang Feng of Shinan District of Qingdao and His Party

Recently at the Hong Kong headquarters, Mr. Weixinfeng (General Manager of Public Utilities Department I of Fehorizon), Mr. Hou Chunxiao (General Manager of Healthcare Department I of Fehorizon) and Mr. Wu Lingfeng (General Manager of Fehorizon Infrastructure) met with Secretary Wang Feng of Shinan District of Qingdao, Secretary Dong Jingyan of the leading Party members’ group of Shinan District, Director Zhang Xin of the Investment Promotion Center of Shinan District, Chairman Ma Xiaoli of Qingdao Hainuo Investment and Development Co., Ltd. Both parties had in-depth exchanges surrounding the theme “Deepening Cooperation for a Better Future” of Hong Kong-Macau-Shandong Week.

The above-mentioned event was also attended by Zhang Quanquan (Head of Administrative Affairs of the Hong Kong office and General Manager of Investor Relations Department of Fehorizon), Xu Hao (Assistant General Manager of Overseas Business Department), etc.

10. Horizon Healthcare Attended China Healthcare Industry Development and Investment Annual Conference

On June 18, the Seventh China Healthcare Industry Development and Investment Annual Conference wrapped up in Chengdu. At 12 high-quality forums, the new development path of the industry was discussed; upon invitation, Vice President of Fehorizon and General Manager of Horizon Healthcare Li Jiancheng attended the salon of non-governmental medical institution industry leaders and the “Gathering Momentum” main forum; the Investment Department of Horizon Healthcare delivered a keynote speech at the “Healthcare Industry Value Investment and New Business Forms Forum.” In the future, Horizon Healthcare will continue to make steady progress, have more in-depth exchanges and communication with colleagues in the industry, take high-standard and high-quality development as the goal, and together promote the long-term development of non-governmental medical institutions.

11. Grand Flight Won Golden Eagle Award “Active CVC Institution of the Year” and 36KR “Institutional Investor Most Popular with Entrepreneurs”

In the height of summer, the 2023 China Venture Capital Golden Eagle Awards announced its list of winners, and Grand Flight was awarded as “Active CVC Institution of the Year”. The Golden Eagle Awards is one of the earliest selection events focusing on venture capital investment of the domestic mainstream media. Since 2009, Securities Times had hosted ten Golden Eagle Awards selection events, which witnessed the gradual refinement and perfection of China’s innovation, entrepreneurship and venture capital ecology and the growth of numerous excellent    venture capital institutions and start-ups.

Meanwhile, 36KR released its 2023 List of Investors/Institutional Investors Most Popular with Entrepreneurs. Grand Flight has been included in the list for many consecutive years, and is awarded as the “Institutional Investor Most Popular with Entrepreneurs.”

12. Fehorizon Infrastructure Visited Its Cooperation Partner in Nansha, Guangzhou

Lately, a team of Fehorizon Infrastructure went to Nansha, Guangzhou for communication and exchange with the Administration Committee of Guangzhou Nansha Economic and Technological Development Zone and China Railway 25th Bureau Group Co., Ltd. surrounding the theme of “Strengthening Cooperation and Boosting the Development of Nansha Free Trade Zone.” Over the years, Fehorizon Infrastructure has been devoted to infrastructure investment with rich project investment experience accumulated. It hopes to carry out in-depth cooperation with Nansha in areas such as resettlement housing development, logistics park investment, photovoltaic plant investment and inventory asset revitalization, and contribute to the development of Nansha and even the entire Greater Bay Area.

13. Good News from Fehorizon Infrastructure’s Two New Energy Projects: Realization of Grid Connection and Kick-off of a Distributed Photovoltaic Project

On June 2, the distributed rooftop photovoltaic project of Wuhan Hangda Aero Science & Technology Development Co., Ltd. with investment and construction by Fehorizon Infrastructure realized 3.6MW grid-connection power generation. On June 8, the 6MW distributed photovoltaic project of Kunshan Xingkun Logistics kicked off with an opening ceremony. This is another cooperation project between Fehorizon Infrastructure and an industry under JD in the area of distributed photovoltaics since the JD Phase I 1.48MW distributed rooftop project in 2021. Devoted to establishing a platform for new energy investment, development, construction and operation, the new energy business of Fehorizon Infrastructure adheres to the “finance + industry” development strategy of Fehorizon, and promotes green and win-win development together with clients based on its reliable financial operation and engineering construction operation and management abilities.

14. Successful Implementation of Fehorizon AMC’s Bankruptcy Reorganization Plan with Total Investment Exceeding 730 Million

On June 6, the first phase of investment for bankruptcy reorganization—a plan designed by Fehorizon AMC for certain industrial company of Jiangsu—has been in place as scheduled, which marks the successful implementation of a bankruptcy reorganization plan initiated by Fehorizon AMC with total investment exceeding 730 million yuan. This project has not only helped creditors to recover their losses, but also upgraded and transformed inefficient assets and given stock assets a new life by engaging in investment in industrial projects.