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[Monthly News] August Upgrade on Fehorizon’s 2023 Mid-year Report on Sound and Steady Performance; Fehorizon’s MSCI ESG Rating Remained A
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2023-09-04

1. Fehorizon Released Its 2023 Mid-year Report


On August 9, Fehorizon (03360.HK) released its 2023 mid-year report in Hong Kong. The meeting was attended by Mr. Kong Fanxing (Chairman, Executive Director and CEO of Fehorizon), Mr. Wang Mingzhe (Executive Director and CFO of Fehorizon), and Mr. Cao Jian (Executive Director and Senior Vice President of Fehorizon).

In the first half of 2023, despite constantly changing external environment and still rigorous market situation, Fehorizon tackled difficulties head on and developed through innovation, with sound and steady business performance achieved.


2. CDHORIZON Released Its 2023 Mid-year Report

On August 8, CDHORIZON (09930.HK), a comprehensive equipment operation service provider under Fehorizon, released its 2023 mid-year report. In the first half of 2023, CDHORIZON resisted the downward trend, maintained its sustainable development potential, and realized a synchronized and stable increase in revenue and profit. With a healthy and perfected financial structure and continuously improved overall performance, CDHORIZON has further consolidated its industry status.


3. Fehorizon’s MSCI ESG Rating Remained A

Recently, the world-renowned rating agency Morgan Stanley Capital International (MSCI) released the latest ESG rating for Fehorizon. Due to its excellent and stable ESG management practice, in 2023 Fehorizon’s MSCI ESG rating remained A, a leading level in the domestic diversified financial industry. The latest MSCI ESG ratings report shows that Fehorizon’s scores in environment, social and governance exceed the global peer average, and are slightly higher than its scores last year.


4. Fehorizon’s Reciprocal Banquet for its First Overseas Syndicated Loan in 2023 Successfully Held in Hong Kong

On August 7, Fehorizon successfully held a reciprocal banquet for its first overseas syndicated loan in 2023 at the CMB Wing Lung Bank Building in Hong Kong. Guests representing 11 banks involved in the Company’s overseas USD syndicated loan gathered together to discuss their future development. Effectuated in July 2023, this dual-currency syndicated loan equivalent to 917 million US dollars is the first overseas syndicated loan organized by Fehorizon since the end of COVID-19 and was received with great enthusiasm in the market. Eventually, it was over-subscribed by 1.5 times.


5. “Horizon Healthcare Anti-Aging Symposium” Held Successfully

To follow the pace of Fehorizon’s mode iteration, further promote the strategic upgrade of Horizon Healthcare from “medicine” to “health” and better serve the people with professional, cutting-edge, reliable and high-quality one-stop healthcare services covering the whole cycle, on August 9, “Horizon Healthcare Anti-Aging Symposium” was successfully held at the Far East Horizon Plaza in Shanghai. It was attended by multiple authoritative experts from China Anti-Aging Promoting Association, who discussed the academic, scientific, clinical and health achievements and breakthroughs in anti-aging at home and abroad, and exchanged ideas on how to combine this field with Fehorizon’s Entrepreneur Service Center and healthcare business.


6. Fehorizon Conducted Exchanges with Governments of Nanjing, Weihai, Guangzhou and Beijing Respectively


Cooperation and Exchanges with the Government of Jianye District, Nanjing in Hong Kong

On August 12, Mr. Jiang Chen, Deputy Secretary of the Jianye District Committee and Head of Jianye District, Nanjing, and his party visited the Hong Kong headquarters of Fehorizon, and talked with Fehorizon’s Executive Director and Senior Vice President Mr. Cao Jian about serving regional economy and promoting cooperation in multiple areas. Jianye District is the financial highland of Nanjing as well as the location of Fehorizon’s Nanjing office. The two parties have a good cooperation foundation, and look forward to further deepening exchanges and expanding scope for cooperation in the future.


Cooperation and Exchanges with the People’s Congress of Weihai and Weigao Holding

On August 9, a group of guests including Mr. Jia Ruiai (Secretary of the leading Party group and Director of the Standing Committee of the People’s Congress of Weihai), Mr. Yu Suohang (Secretary General of the Standing Committee of the People’s Congress of Weihai) and Mr. Tang Zhengpeng (Vice President of Weigao Holding) visited the Far East Horizon Plaza in Shanghai, and talked with Fehorizon’s Assistant President Zhan Jing about cooperation. Previously, FE Fund under Fehorizon participated in the first external financing of JERICOM under Weigao Holding, which signifies that a solid step is taken towards the cooperation between Fehorizon and JERICOM. During the meeting, both parties exchanged views on Fehorizon’s existing business layout in Weihai and the scope of their subsequent cooperation.


Chief Economist Lin Shaoli of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality Visited Fehorizon

Recently, a party led by Mr. Lin Shaoli, member of the Party Working Committee and Chief Economist of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality, visited Far East Horizon Plaza in Shanghai, to talk with Fehorizon’s Assistant President Ma Hong about the Company’s business layout in Nansha, Guangzhou, and discuss opportunities of cooperation between Nansha and Fehorizon in serving the transformation and upgrade of the industrial structure of Guangzhou Province. As a Hong Kong-invested enterprise deeply involved in the mainland market, Fehorizon attaches great importance to developing business in Guangdong; this April, its Guangzhou Operation Center was officially established in Nansha, with company incorporated and business launched in the same month upon approval.


Visit to Tongzhou Government of Beijing for Cooperation and Exchange

Recently, a team led by General Manager Wei Xinfang of Public Utilities Department I of Fehorizon visited Assistant Lin Wei of the head of Tongzhou District, Beijing. They talked about cooperation in areas including financial leasing, joint venture with CDHORIZON, investment attraction, industry fund, machinery equipment manufacturing, etc. Their meeting was also attended leaders from the Investment Promotion Center of Tongzhou District, Beijing.


7. Fehorizon Signed 2 Strategic Cooperation Framework Agreement


Strategic Cooperation Framework Agreement between Fehorizon and Jiangxi Geo-Engineering Investment

On August 16, Fehorizon signed a strategic cooperation framework agreement with Jiangxi Geo-Engineering Investment Group Ltd (“Jiangxi Geo-Engineering Investment”). Mr. Ma Hong (Assistant President of Fehorizon) and Mr. Zhang Mingfeng (member of the Party group of Jiangxi Bureau of Geology, secretary of the Party committee and Chairman of Jiangxi Geo-Engineering Investment) attended the ceremony and witnessed the signing. The agreement was signed by General Manager Zhang Pan of Construction Department III of Fehorizon and CFO Luo Donghua of Jiangxi Geo-Engineering Investment on behalf of the two parties. According to the agreement, both parties will strive to expand the depth and breadth of cooperation and achieve a mutually beneficial win-win situation.


Strategic Cooperation Framework Agreement between Fehorizon AMC and New District of Xi’an City

On August 11, the signing ceremony of strategic cooperation between Fehorizon AMC and New District of Xi’an City was held in Xi’an. The agreement was signed by Mr. Zhao Hui (deputy head of New District of Xi’an) and Mr. Xu Hang (Managing Director of Hongjie Asset Management Co., Ltd.) on behalf of the two parties, and the signing was attended and witnessed by Mr. Deng Xiaodong (head of New District of Xi’an) and Mr. Li Yuyou (General Manager of Fehorizon AMC). In the future, Fehorizon AMC will further expand its business layout in New District and contribute to its high-quality development.


8. 4 More Technologically Advanced “Little Giant” Enterprises Invested by Grand Flight

Recently, Beijing Municipal Bureau of Economy and Information Technology released the public list of the fifth batch of national technologically advanced “little giant” enterprises. LUMI, SMARTBOW, Liesheng and DIAGENS—4 enterprises invested by Grand Flight—successfully entered the list due to their industry-leading innovation and distinct market competitiveness.


9. Horizon Charity Rushed to Rescue Western Beijing with Disaster Relief for Zhuozhou


Impacted by typhoon, places including western Beijing and Zhuozhou was recently flooded due to heavy rainstorms, and the production and life of flood victims were severely affected. A decision was made by the Board of Directors of Beijing Horizon Charity Foundation to actively respond to the national call for flood prevention and relief, and the “Emergency Pioneer” project was launched to provide disaster relief.

From August 5-6, the first batch of relief supplies provided by Horizon Charity was dispatched. After turning back half way because of landslide and crossing many damaged roads and bridges, eventually the relief supplies including over 2000 pieces of bedding shovels, etc. were delivered to the severely-stricken Qingshui Town of Mentougou District, Beijing, where transportation services were not yet available at the time. From August 6-7, the second batch of relief supplies reached the receiving point of Iron & Steel Research Institute in Zhuozhou, Hebei Province. After undergoing prolonged congestion and waiting, finally 1200 pieces of army bedding were delivered to the people in disaster area.