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On July 17th, 2012, Shanghai Guo Jin Leasing Co.,Ltd (or “SGJL”), invested by SIG Financial Services Co., Ltd, held a simple but solemn opening ceremony at Shanghai Puxi Intercontinental Hotel. Attendees of the ceremony included leadership from Shanghai Commercial Committee, Shanghai Finance Office, District Government of Zhabei, District Party Committee of Zhabei and SIG leadership team. Zhabei District Party Committee Secretary Fang Huiping, SIG Chairman Ji Xiaohui, SIG President Shao Yaliang, Shanghai Commercial Committee Deputy Director Gu Jun, and Shanghai Finance Office Deputy Director Ge Dawei announced the opening ceremony for SGJL.

SGJL is registered in Zhabei District with a registered capital of 300 million RMB. As an important part of SIG’s financial service value chain, SGJL will serve the whole China while based in Shanghai. SGJL will focus primarily on financial leasing. It will strive to solve the issue of “difficult and costly financing” in real economy, to promote cooperation between financial and industrial sectors by utilizing the advantage of a state-owned enterprise in integrating financial and industrial resource, and to achieve the ultimate goal of serving the real economy.

In the opening ceremony, SGJL Chairman Chen Feng made a welcome speech. He reviewed the preparation work since SGJL’s registration, and expressed gratitude for the help and support from all society. He also expressed hope that the society could continue to help and support SGJL’s development.

Zhabei District Party Standing Committee member, Deputy District Head Hu Weiguo also made a speech. He commented that the opening of SGJL not only brought vitality to Zhabei’s financial service industry, but would also accelerate the development of the district’s economy development and become a major force to unite the district’s financial service industry. He also expressed his willingness in continuous support for the company by providing an optimal investment environment.

SIG Vice President Yang Dehong made a speech on behalf of SIG. He commented that financial leasing was not only one of the key industries in Shanghai’s construction of “Two Centers”, but also an integral part of SIG’s endeavor to build a full range of financial investment platform and to raise its comprehensive financial service capability. Investing in SGJL is a must for SIG to complete its financial service value chain, a creative exploration for SIG to execute the municipal government’s strategy of encouraging the integration of financing and industry, and an endeavor for SIG to serve the real economy of Shanghai, especially the small and medium-sized enterprises and innovative companies. SGJL not only brought vitality to the financial service sector, but also further extended SIG’s financial service value chain. After entering the business of financial leasing, SIG’s “investment, loan, and insurance” business units will upgrade into an integrated system of “investment, leasing, loan and insurance”. The system will provide more comprehensive and optimized financing channels and service combinations, and will become a tower of strength for the development of small and medium-sized enterprises in Shanghai.

In the ceremony, SGJL signed bank-enterprise cooperation contracts with Bank of China Shanghai Branch and Shanghai Rural Commercial Bank. It also signed two financial leasing project contracts involving more than 200 million RMB. This moment has become an important page in SGJL’s history.

In the future, SGJL will rely on SIG’s brand advantage and fully utilize its enormous fund and capital pool to become a top tier “professional, sizable and reputable” financial leasing company. In addition to achieving its own development goals, the company will also be committed to accelerating the real economy growth and serving the industrial restructuring and upgrading in Shanghai.