On July 24, Mr. Wang Hao (Secretary of the Party committee and Director of the State-owned Assets Supervision and Administration Commission of Yantai), Mr. Rong Feng (Secretary of the Party committee and Board Chairman of Guofeng Group), etc. visited the Far East Horizon Plaza in Shanghai, and talked with VP of Fehorizon Mr. Zhang Ye. Both parties had in-depth exchanges regarding giving play to their respective advantages and together promoting the high-quality development of Yantai’s economy. This June, a strategic cooperation agreement was signed between Fehorizon and Guofeng Group in Hong Kong, planning to carry out diversified and in-depth cooperation in areas of finance and industry. On July 12, the first cooperation project between FE Fund under Fehorizon and Guofeng Group was implemented. Both parties signed a cooperation agreement to jointly advance a biomedicine fund totaling 500 million yuan. Through a precise integration of investment strategies and global resources, Fehorizon will boost the innovative development of Yantai’s bioengineering and pharmaceutical industry and help Yantai to improve its city level continuously.

VP Mr. Zhang Ye extended a warm welcome to Director Mr. Wang Hao, Chairman Mr. Rong Feng and others, and introduced the basic situation of the Company. With the strategic positioning of “Backed by Mainland, Based in Hong Kong, Influencing Southeast Asia,” Fehorizon has developed differentiation competitive advantages including “marketization, internationalization and specialization” and “serving enterprises and serving entrepreneurs.” Mr. Zhang Ye looked forward to further expanding the areas of cooperation and improving the level of cooperation between the two parties, and continuing to promote the urban upgrade and industrial upgrade ofYantai.

▲VP of Fehorizon Mr. Zhang Ye

Director Mr. Wang Hao pointed out that the SASAC of Yantai manages more than 500 billion yuan of assets and owns three major enterprises including Yantai Guofeng, Lentan Group and Rail Transit Group. The SASAC of Yantai hopes to have even more in-depth cooperation with Fehorizon in business directions including medical treatment, space fund, urban renewal, new energy investment and rescue fund in the future.

▲Secretary of the Party committee and Director of the SASAC of Yantai Mr. Wang Hao

According to Chairman Mr. Rong Feng, as an industrial investment group of Yantai with assets exceeding 300 billion, Guofeng Group looks forward to deepening its strategic partnership with Fehorizon, interacting in bidding and tendering, together promoting the development of Yantai’s economy, and contributing to the urban renewal and industrial upgrade of Yantai.

▲Secretary of the Party committee and Board Chairman of Guofeng Group Mr. Rong Feng

Other leaders attending this meeting include: Deputy General Manager Wu Jiang of Guofeng Group, Deputy General Manager Qi Guishan of Guofeng Group, General Manager Wu Lingfeng of Fehorizon Infrastructure, General Manager Li Yuyou of Asset Business Department, General Manager Liu Hong of FE Fund, General Manager Fu Binbin of Electronics & Information Department I, and other responsible persons of business.