MINGSHENGTONGHAI is a PE firm and is wholly-owned by Minsheng Securities Co., Ltd▪ Initiated and established Guangxi Minsheng Daan Healthcare Investment Fund.▪ Raised 300 million RMB from listed companies and Guangxi Government.▪ Led the investment in Guangzhou IBP. Raised 100 million RMB for the project.▪ Post management of investment in Baijia China;▪ Led funding activities of the Healthcare investment fund and cooperation with local government and listed company

Ashikaga Capital is an independent boutique investment bank focusing on providing strategic and tactical financialadvice to Chinese entrepreneurs and financial sponsors across a broad range of sectors▪ Raised 200 million RMB for United Image in A round as the financial adviser.▪ Closed the Acquisition of Tianhe Technology for RRJC as the exclusive financial adviser.▪ Closed the Acquisition of Boxi Electric for Jolywood(300393) as the exclusive financial adviser.▪ Raised 10 million RMB for Xiangxing Technology in C round as the financial adviser.▪ Provide realistic and accurate financial analysis, commentary and recommendations for over 30 companies

CIVC is the PE firm owned by the top textile company Shuixingjiafang(603365)▪ Led the investment in Lina Tech▪ Led the investment in Kingstone Semiconductor, which has been acquired by Wanye Enterprises(600641) ayear later. The return of investment is 40%▪ Deal sourcing and negotiation,Transaction structure design.

SNPTC is the leading firm of nuclear technology in China▪ Led a 15-member contractor team in the site.▪ Technical support and coordinating designers and contractors in solving design problems.▪ Managing and solving design problems occurred during the project and tracking activities of projects against thedetailed schedule.