Hao Yin

Bosera Asset Management Co., Ltd. (Bosera AM) is an independent Chinese asset management firm which was founded in 1998. Formerly known as Boshi Fund Management, the firm is headquartered in Shenzhen with branches in Beijing, Shanghai, Zhengzhou, Shenyang and Chengdu. Bosera AM provides professional investment services for clients, with business covering fund raising, fund distribution, asset management and any other businesses permitted by China Securities Regulatory Commission. Authorized by the National Council of Social Security Fund, the firm manages part of the National Social Security Fund portfolios. In addition, Bosera AM provides investment management services to several corporate pension funds and segregated accounts.

Hwabao Securities Co., Ltd. (Broker) is the securities brokerage arm of Hwabao Securities Co., Ltd., a wholly funded securities company headquartered in Shanghai, China. The firm was founded in 2002 and is owned by Hwabao Investment Co., Ltd., ultimately held by China State-owned Assets Supervision and Administration Commission, a special commission of the People's Republic of China. Their business scope encompasses securities brokerage, securities proprietary trading business, securities investment consultation.